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Economy
Oil steady as US demand flags but Middle East risk mounts
Date:Jun 27, 2024
Oil prices were largely steady on Thursday as a surprise build in United States (US) stockpiles fuelled fears about slow demand from the world's top oil consumer and countered supply concerns stoked by escalating conflict in the Middle East.
Eskom seeks to increase electricity tariffs by 36.15% in 2025
Date:Jun 27, 2024
South Africa's (SA) Power Utility Eskom is seeking to increase electricity tariffs by 36.15% in 2025.
Boeing sanctioned by NTSB
Date:Jun 27, 2024
Boeing has been sanctioned by the National Transportation Safety Board (NTSB) for disclosing non-public details of the ongoing investigation into a 737 MAX mid-air emergency and referring its conduct to the Justice Department.
Rand weakens as focus still on cabinet announcement
Date:Jun 27, 2024
The South African (SA) Rand was weaker in the early session this Thursday, as traders awaited more details on the composition of President Cyril Ramaphosa's unity government cabinet, which is expected this week.
Number of SA business liquidations decrease by 17.2%
Date:Jun 27, 2024
The number of businesses filing to close shops has declined slightly. The figures from Statistics South Africa (Stats SA) show that the number of business liquidations decreased by 17.2% year-on-year in May 2024.
SA FDI inflows pick up in first quarter: Central bank
Date:Jun 27, 2024
South Africa (SA) recorded foreign direct investment inflows of R24.4 billion ($1.34 billion) in the first quarter of 2024, up from a revised R2.5 billion($140 million) in the previous quarter, central bank data showed this Thursday.
DP World releases Socio-economic Assessment Report for SA, Nigerian markets
Date:Jun 27, 2024
DP World, a leading provider of smart logistics solutions, enabling the flow of trade across the globe released its Socio-economic Assessment Report for South Africa and Nigerian markets.
Namibia to build second desalination plant in January
Date:Jun 27, 2024
Drought-prone Namibia, currently facing its worst drought in over a century, will start constructing its long-awaited second desalination plant in January 2025, the Minister of Agriculture said yesterday.
SA consumer confidence recovers in Q2, survey shows
Date:Jun 27, 2024
South Africa's (SA) consumer confidence improved slightly in the second quarter due to fewer hours of load-shedding and a drop in fuel and food prices, data released on Thursday showed.
IMF approves $570m Zambia payout, increases loan to $1.7bn
Date:Jun 27, 2024
The International Monetary Fund (IMF) said yesterday its executive board had completed a third review of Zambia's Extended Credit Facility and approved an immediate disbursement of some $569.6 million.
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