Economy

The Group of Twenty (G20) South Africa

Date: Mar 4, 2025

SA has vowed to seize the moment to shape the agenda, influencing a paradigm shift whereby G20 countries will be required to situate inequalities at the heart of economic policy making.

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Ivory Coast farmers hope for more rain, sunshine to boost cocoa crop growth

Soil moisture is helping the April-to-September mid-crop to develop across most of Ivory Coast's main cocoa growing regions, farmers said this Monday, adding that they hoped for a mix of rain and sunshine to boost growth even more.

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SA, Mozambique tackle border delays at Komatipoort

South African (SA) and Mozambican officials are meeting in Komatipoort, Mpumalanga province, this week to tackle persistent challenges at one of southern Africa’s busiest border crossings.

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SA’s red meat industry at risk as FMD outbreak halts exports

South Africa’s (SA) red meat industry is under pressure following a fresh outbreak of Foot-and-Mouth Disease (FMD), with experts warning that consumers could soon feel the pinch.

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Taiwan May exports hit record on AI demand and ahead of US tariffs

Taiwan's exports surged to a record in May on booming demand for artificial intelligence (AI) and as customers placed orders ahead of United States (US) tariffs which could take effect next month after a suspension period expires.

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SA President calls on private sector to renew focus on economic transformation

President Cyril Ramaphosa has urged South Africa’s (SA) private sector to strengthen its commitment to economic transformation, stressing the importance of building a country where everyone can benefit from its wealth.

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Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

Chevron Chief Executive Officer (CEO) Mike Wirth told employees they needed to reinforce safety standards after a growing number of injury near-misses in an internal video message on April 29.

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Fitch's downgrade of Afreximbank is flawed: African Union

An African Union credit review body has questioned Fitch ratings agency's downgrade of Africa Export-Import Bank last week, saying it was based on a "flawed" categorisation of loans and calling for the decision to be reconsidered.

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SA called to equip youth with skills for an uncertain future

South Africa’s (SA) Minister of Basic Education, Siviwe Gwarube, has called for a stronger focus on preparing the country’s learners for an unpredictable and rapidly evolving world.

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SA Omnia declares special dividend as mining business shores up profits

South African (SA) chemicals company Omnia Holdings this Monday declared a special dividend for the second year running.

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‘Malawi, Mozambique border post strikes blow to bureaucracy, corruption’

The launch of Malawi and Mozambique’s first-ever one-stop border post is a major strike against the “huge bureaucracy and corrupt structures” that have long hindered trade and security in the region.

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