Adelaide Changole

South Africa is heading in the right direction for its first credit-rating upgrade by Moody’s Ratings since 2009, provided the country’s fiscal performance continues to improve.

It says the country has reached an inflection point after stabilising its debt and delivering pro-growth economic reforms.

It says the country has reached an inflection point after stabilising its debt and delivering pro-growth economic reforms.

Just 10% of members of retirement funds run by South Africa’s biggest standalone administrator are on track to replace three-quarters of their final pensionable salary when they stop work, highlighting an acute savings shortfall in the continent’s largest economy.

Court rulings on some of South Africa’s most contested laws could improve business sentiment after years of policy uncertainty, according to the head of one of the nation’s biggest wealth and money-management firms.

South Africa stands a good chance of regaining its investment-grade credit rating within two years and next week’s mid-term budget could take another step toward that goal, according to Investec Wealth & Investment International.

Shoprite Holdings Ltd. is said to be in talks with Investec about a partnership as Africa’s largest grocer seeks to expand the financial services it offers millions of customers, according to people familiar with the matter.

Morocco overtook South Africa to become the continent’s fourth-most attractive investment destination as years of industrialization and faster growth propelled it ahead of the region’s biggest economy, FirstRand Ltd.’s Rand Merchant Bank said.

Morocco's 4.9% economic growth in 2025 and expansion in manufacturing helped it overtake South Africa, whose economy grew 1.1%.

European trade-finance firm Zvilo Group Ltd. is growing its sub-Saharan African business, with plans to make the continent its biggest market by the end of the decade as it expands into nine countries.