Prinesha Naidoo

New York, South Africa

Knight-Bagehot Fellow in Economics and Business Journalism at Columbia University | On leave from @business @BloombergAfrica | Opinions = own

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Articles

South Africa’s Public Works Halts Some Projects to Enforce Payment

3 weeks ago | bloomberg.com | Antony Sguazzin |Prinesha Naidoo

Construction workers in South Africa. (Bloomberg) -- South Africa’s infrastructure department is halting some projects in one of its most financially troubled provinces to enforce payment by other government agencies. The Department of Public Works in KwaZulu-Natal, the second—most populous province, said it has stopped projects for the region’s education department. The step is a first for the department as it aims to ensure its financial viability, said Vish Govender, its acting head.
Backyard Micro-Flats Aim to Ease South Africa’s Housing Crisis

3 weeks ago | bloomberg.com | Prinesha Naidoo

Nonkosi Klaas shows off the new door to her home that she bought with some of rental income earned from apartments built in her backyard in Langa, Cape Town. (Bloomberg) -- Though once reliant on a modest state pension, 70-year-old Nonkosi Klaas now earns more than South Africa’s national median income by leasing six backyard apartments on her property.
South Africa to Court Middle East Investors for Infrastructure Push

4 weeks ago | bloomberg.com | Prinesha Naidoo |Antony Sguazzin

South Africa needs about 1.6 trillion rand in public sector investment and an additional 3.2 trillion rand from the private sector to meet its infrastructure targets by 2030. (Bloomberg) -- South Africa plans to open its first overseas office for its infrastructure development agency in the Middle East, aiming to tap into the region’s deep-pocketed investors to fund energy, water and logistics projects.
South Africa to Court Middle East Investors for Infrastructure Push

4 weeks ago | financialpost.com | Prinesha Naidoo |Antony Sguazzin

Article content(Bloomberg) — South Africa plans to open its first overseas office for its infrastructure development agency in the Middle East, aiming to tap into the region’s deep-pocketed investors to fund energy, water and logistics projects. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
Ramaphosa calls for trade rules to be recalibrated as tariff crises hit global ecenomy.

1 month ago | fullview.co.za | Prinesha Naidoo

By Lehlohonolo Lehana. President Cyril Ramaphosa has called for a recalibration of trade rules that ensured policy space for the industrialisation of developing countries. Ramaphosa spoke at the 30th anniversary of the establishment of the World Trade Organisation (WTO), which was held virtually on Thursday. This comes as US President Donald Trump imposed tariffs against several countries, including South Africa, China and Europe. Trump has since halted this discussion for 90 days except for China.
First National Bank to set up private

1 month ago | fullview.co.za | Prinesha Naidoo |Sean Kearns

By Prinesha Naidoo, Bloomberg. Caption: Eric Enslin, the chief executive of FNB’s private banking and advisory unit. A unit of FirstRand, South Africa’s biggest bank by market capitalization, plans to set up private banking services in Ghana and bolster its offerings in four other markets to tap the continent’s growing wealthy population. The subsidiary, First National Bank, plans to start a private bank targeting Ghana’s affluent salaried and self-employed population.
South Africa’s Top Lender Plans Private Bank For Ghana’s Wealthy

1 month ago | bloomberg.com | Prinesha Naidoo

Commercial high-rise office buildings on the skyline in Accra, Ghana, on Tuesday, Feb. 28, 2023. Ghana’s cedi, the world’s second-worst performing currency this year, is heading for more pain after the West African nation missed a self-imposed deadline to restructure its bilateral debt and move closer to tapping foreign aid.
Africa’s Most Expensive City For Housing Plans Fixes For $64 Billion Market - Bloomberg

1 month ago | bloomberg.com | Prinesha Naidoo

Cape Town, Africa’s most expensive city for real estate, plans to make it easier to develop homes as thousands flock to the metropolitan for a better quality of life, putting pressure on its 1.2 trillion rand ($64 billion) residential property market.
South Africa Pursues Climate Loans From Germany, UK as US Exits

1 month ago | financialpost.com | Antony Sguazzin |Prinesha Naidoo

The loans are evidence that countries that are part of the Just Energy Transition Partnership are pushing ahead with the program, even after the US canceled plans to contribute $1 billion in loans and $48 million in grants. People familiar with the situation said the two loans could total close to $1 billion, asking not to be identified as a public statement hasn’t been made.
South Africa Pursues Climate Loans From Germany, UK as US Exits

1 month ago | bloomberg.com | Antony Sguazzin |Prinesha Naidoo

South Africa’s National Treasury is in talks to secure loans from Germany and the UK under the terms of a climate pact the US walked away from last month. The Treasury said it’s in talks to secure so-called policy loans from lenders including KfW, Germany’s state development bank, and the African Development Bank, through which the UK is channeling its assistance by providing credit guarantees. It didn’t give further details in a response to queries.