Traders had to scale back on their speculation for South Africa’s interest rates this year. The markets are now pricing in only one as they decipher the Federal Reserve’s preference to move slower on rates and United States president-elect Donald Trump’s intentions on imposing tariffs. South African Reserve Bank Governor Lesetja Kganyago has repeatedly said […]
An offer of R120 per share in South Africa’s Barloworld Ltd. have been made by a unit of Saudi Arabia’s Zahid Group. A group of companies that includes Falcon holding Ltd. – which Zahid wholly owns – and Entsha Ltd., an entity linked to Barloworld Chief Executive Officer Dominic Sewela has made the offer of
South Africa’s Gross Domestic Product (GDP) figures have been reported to have dropped below expectations. This means the national economy is seeing a quarter-on-quarter decline. According to Stats SA, South Africa’s GDP decreased by 0.3 % in Q3 2024. This was followed by the same increase (0.3 %) in the second quarter of the year.
There has been a decline in GDP But employment has increased Read More »
The KwaZulu-Natal South Coast is set to solidify its reputation as a premier tourism destination with a R6 million upgrade to the iconic KwaXolo Caves. The project, spearheaded to boost rural tourism and create local jobs, underscores the region’s commitment to integrating rural communities into the mainstream economy. Known for their ancient San artwork and
Rural Tourism Takes Flight with R6 Million KwaXolo Caves Renovation Read More »
An evaluation report done by the Independent Evaluation Office (IEO), which reviews the investments made by the BRICS bloc’s New Development Bank (NDB), has brought to the public’s attention that the multi-billion-rand projects to develop the country’s renewable energy sector and reduce greenhouse gas emissions has achieved success. In a recently released report on the
South African Renewable Energy Projects Bear Fruit as Business Booms Read More »
Business owners across the nation are being cautioned that their companies may be unable to trade if they fail to meet the requirements in compliance set by the Companies and Intellectual Property Commission (CIPC), specifically the registration of their beneficial ownership information by the 30th of November this year. The approach of this deadline has
South African Businesses to meet Major Deadline this month Read More »
The drop in inflation from 4.4% in August to 3.8% in September would be positive or negative depending on the views of the power brokers who heard it. However political parties and unions, allies and rivals welcomed the latest data as news in a positive light. This decline – the lowest level since March 2021
Saudi Arabian Crown Prince Muhammad bin Salman (nickname MBS) is not in attendance at this year’s BRICS Summit in Kazan, Russia. As 24 leaders old and new swelled the ranks of delegations at the Summit in Kazan City, Saudi Arabia’s decision to join the organization remains in limbo. Riyadh although placing a cautious toe in
Saudi Kingdom shows hesitancy to join BRICS Over Anti-Western stance Read More »
President Cyril Ramaphosa briefed Russian President Vladimir Putin on the Government of National Unity on Tuesday afternoon. Ramaphosa will also brief other world leaders on the GNU’s establishment and how it was “evolving”. The President is leading a South African delegation at the XVI (16TH) Summit in Kazan capital of Russia’s Tatarstan’s region. Ramaphosa delivered
President Ramaphosa Informs Putin that Pretoria will always see Russia as a Valued Ally Read More »
As the BRICS bloc meets in Tatarstan, Russia for its sixteenth summit, the founding five members will see the expansion of the organization to include thirty-two member delegations in partnership with them. The title of the summit held in Kazan City, Tatarstan’s capital has been announced to state that of “equal development and strengthening of
As Russia BRICS Summit Begins Putin is Proven not to be Pariah Read More »