Economy
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Economy
30 YEARS OF SA DEMOCRACY
Reflections on the 30 years of freedom and democracy in South Africa.
Oil prices rise 1% in thin pre-holiday trade
Date:Dec 25, 2024
Oil prices rose more than 1% on Tuesday, reversing the prior session's losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays.
IMF grants Egypt initial approval of $1.2bn fourth review
Date:Dec 25, 2024
The International Monetary Fund (IMF) said on Wednesday it reached a staff-level agreement with Egypt on the fourth review under its Extended Fund Facility arrangement, potentially unlocking a $1.2 billion disbursement under the programme.
SA set to continue AGOA trade relationship with US in 2025
Date:Dec 24, 2024
South Africa is set to continue to enjoy duty-free access to United States (US) markets in 2025 under the African Growth and Opportunity Act (AGOA).
S Sudan on FATF Grey List for deficiencies in anti-money laundering systems
Date:Dec 24, 2024
South Sudan has been placed on the Financial Action Task Force (FATF) Grey List, which identifies countries with deficiencies in their anti-money laundering and counter-terrorist financing systems.
Apple approaches $4 trillion valuation as investors bet on AI momentum
Date:Dec 24, 2024
Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales.
Iran lifts ban on WhatsApp, Google Play
Date:Dec 25, 2024
Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian State media reported on Tuesday.
Lesotho opens water economy to boost foreign investment
Date:Dec 25, 2024
The Kingdom of Lesotho is set to open its water economy, creating new investment opportunities for the foreign direct investment market.
Microsoft works to add non-OpenAI models into 365 Copilot products
Date:Dec 24, 2024
Microsoft has been working on adding internal and third-party artificial intelligence models to power its flagship AI product Microsoft 365 Copilot.
Rand drifts in holiday-thinned trade
Date:Dec 24, 2024
The South African Rand drifted in holiday-thinned trade on Tuesday and was set to end the year down marginally against the Dollar.
World Bank staff question Ethiopia debt assessment reached with IMF
Date:Dec 24, 2024
Some World Bank staff have criticised an assessment of Ethiopia's finances conducted with the International Monetary Fund (IMF), questioning whether the analysis that underpins the country's debt restructuring may be "faulty".
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