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Tax increases would spell gloom for South African retail stocks

Johannesburg’s retail stocks will likely bear the brunt of tax increases, should South African Finance Minister Tito Mboweni target consumers with revenue-raising measures in his budget Wednesday. Consumer spending power in Africa’s most-industrialized market is under severe strain, with... 

South Africa confirms locust outbreak in Namibia, Karoo region

A locust outbreak in Namibia and South Africa’s northwestern Karoo region may pose a threat to grazing lands in a region that’s already prone to droughts. South Africa’s Department of Agriculture, Forestry and Fisheries confirmed the outbreak of brown locusts in a newsletter published on its... 
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