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Economy
The Group of Twenty (G20) South Africa
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.
SA President defends BEE policy, dismisses critics as ‘unfounded’
Date:Jun 7, 2025
South Africca's (SA) President Cyril Ramaphosa has dismissed criticism that the government’s Black Economic Empowerment (BEE) policy is hampering economic growth, calling such claims ‘unfounded’.
Tesla's $380 billion wipeout marks biggest 2025 loss among top companies
Date:Jun 6, 2025
Tesla is the worst-performing large-cap stock this year, thanks to declining electric vehicle demand, Chief Executive Elon Musk's political controversies over his ties to far-right groups, and now, his public feud with President Donald Trump.
‘Afreximbank loan is commercial, will be restructured’
Date:Jun 6, 2025
Zambia's Afreximbank loan is commercial and will be restructured, the country's Treasury Secretary said this Friday.
Rand gains after foreign reserves data
Date:Jun 6, 2025
The South African (SA) Rand edged up in early trade on Friday, after central bank data showed that foreign reserves increased last month.
Petrobras aims to make Africa its main exploratory region outside Brazil
Date:Jun 6, 2025
Petrobras aims to make Africa its main region of development outside Brazil, the state run oil giant's Chief Executive Officer (CEO) told Reuters on Thursday during a wide-ranging interview about the company's strategy.
SARB’s work in G20 includes climate funding: Deputy Governor
Date:Jun 6, 2025
South African (SA) Reserve Bank Deputy Governor and Chief Executive Officer of the Prudential Authority, Fundi Tshazibana says part of the central bank’s work in the G20 plans will be focused on the funding of climate change adaptation efforts.
'De Beers draws interest from billionaire Agarwal'
Date:Jun 6, 2025
Diamond giant De Beers has drawn interest from at least six consortia, including billionaire Anil Agarwal, Indian diamond firms and Qatari investment funds, sources close to the companies told Reuters.
SA President to deliver keynote at Black Business Council gala
Date:Jun 6, 2025
South African (SA) President Cyril Ramaphosa is set to deliver the keynote address at the Black Business Council’s (BBC) Annual Summit Gala and Awards Dinner this evening.
Tensions rise as Trump, Musk feud threatens political, economic fallout
Date:Jun 6, 2025
A high-profile feud between former United States (US) President Donald Trump and billionaire entrepreneur Elon Musk has erupted into a full-blown public spat.
Tesla tumbles as Trump-Musk bromance sours
Date:Jun 6, 2025
Asian shares slipped on Friday as investors hunkered down for the all-important United States payrolls report, while Tesla suffered huge losses on the very public feud between President Donald Trump and billionaire Elon Musk.
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