Economy

The Group of Twenty (G20) South Africa

Date: Mar 4, 2025

South Africa (SA) hosts the Group of Twenty (G20) summit this year, the first time the gathering takes place on African soil.

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Barrick is committed to reaching a mutually beneficial resolution in Mali

Barrick Gold remains "fully engaged and committed to reaching a mutually beneficial resolution" with Mali to end a dispute over its assets there.

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SA arrests 20 undocumented foreign nationals

A total of 20 undocumented foreign nationals were detained in South Africa’s (SA)Centurion, Pretoria, following a comprehensive by-law enforcement operation.

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Mali partially lifts suspension on issuance of mining permits

Mali will partially lift a 2022 suspension on the issuance of mining permits on March 15, the mines ministry said in a statement on Friday.

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SA power utility to implement Stage 3 loadshedding amid ongoing challenges

South Africa's (SA) power utility Eskom will implement stage 3 loadshedding as the State-owned entity continues to face challenges at its nuclear and coal-fired power stations in Kuberg, Western Cape, and Kusile, Mpumalanga.

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SA President emphasises Johannesburg's economic significance amid infrastructure concerns

South African (SA) President Cyril Ramaphosa has underscored the critical role of the City of Johannesburg in the nation's economy.

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NUMSA warns VAT, electricity hikes will cripple working class

The National Union of Metalworkers of South Africa (NUMSA) says the proposed two percent VAT increase, in the soon-to-be-tabled budget, is likely to cripple the working class, coupled with the 12.7% electricity tariff hike that takes effect in April.

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Kenya’s court of appeal halts GMO importation pending further hearing

The Court of Appeal in Kenya has temporarily blocked the government from proceeding with the importation of genetically modified (GMO) crops and foods, pending the resolution of an ongoing legal challenge.

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Motsepe foundation hosts 9th Gender, Equality, Wellness, Leadership Summit in SA

The 9th Gender, Equality, Wellness, and Leadership Summit, hosted by the Motsepe Foundation, is currently underway in Bryanston, Gauteng Province in South Africa (SA).

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Oil set for weekly drop on tariff uncertainty, supply boost

Oil prices rose on Friday but were set for close to a 4% weekly decline as uncertainty surrounding United States (US) tariff policies raised concern over demand growth while major producers prepared to increase output.

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Rand flat after four straight days of gains, eyes on US payrolls data

South Africa's (SA) Rand was little changed early on Friday as investors awaited United States (US) non-farm payrolls data for Dollar direction, after four consecutive days of gains for the local unit.

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