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Economy
30 YEARS OF SA DEMOCRACY
Reflections on the 30 years of freedom and democracy in South Africa.
Pension payment defaults amount to over $275.76 bln: SA FSCA
Date:Nov 22, 2024
The South Africa's Financial Sector Conduct Authority (FSCA) has sounded the alarm on the social and economic consequences of overdue pension fund contributions.
COP29 summit draft proposes rich countries pay $250 bln per year
Date:Nov 22, 2024
The COP29 climate summit presidency released a draft finance deal this Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations, a proposal that drew criticism from all sides.
Rand slips as Dollar climbs on global markets
Date:Nov 22, 2024
The South African (SA) Rand slipped slightly in early trade on Friday, as the dollar climbed to a fresh 13-month high on global markets.
US lawmakers seek to halt weapons sales to UAE, citing Sudan
Date:Nov 22, 2024
United States (US) Senator Chris Van Hollen has introduced legislation seeking to halt American weapons sales to the United Arab Emirates (UAE) until the US certifies that the UAE is not arming the paramilitary Rapid Support Forces (RSF) in Sudan.
Prescient Investment Management unveils 2024 Responsible Investing Report
Date:Nov 22, 2024
Prescient Investment Management (PIM) has unveiled its 2024 Responsible Investing Report, which offers a comprehensive analysis of the integration of environmental, social, and governance (ESG) considerations into investment strategies.
Congo's Gecamines offers $1 mln to block Chinese deal with cobalt miner Chemaf
Date:Nov 22, 2024
The Democratic Republic of Congo's state miner Gecamines is offering $1 million to buy cobalt and copper assets of indebted mining firm Chemaf to prevent China from increasing its control of critical metals in the country.
Morocco's CMGP Group wins approval to launch IPO in Casablanca
Date:Nov 22, 2024
Morocco's CMGP Group has won approval to launch an initial public offering (IPO) on the Casablanca stock exchange, bourse regulator AMMC said this Friday.
SA faces urgent need to modernise VAT systems amid compliance gaps
Date:Nov 22, 2024
South Africa (SA) is losing an estimated $1.2 billion to $2.7 billion annually due to value-added tax (VAT) compliance gaps, according to VAT Modernisation SA.
Indian tycoon Adani US indictment rattles stocks, Kenya spikes deal
Date:Nov 22, 2024
Indian billionaire Gautam Adani has been indicted for fraud by United States (US) prosecutors and arrest warrants issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
SA battles construction mafia menace
Date:Nov 22, 2024
In a concerning development that has disrupted the South African construction industry, over 180 projects valued at approximately $3.5 billion have been affected by criminal syndicates since 2019.
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