Economy
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Economy
Oil prices ease from two-week highs as investors await tariff clarity
Date:Jul 9, 2025
Oil prices edged lower on Wednesday after rising to two week highs in the previous session, weighed down by investors waiting for clarity on new United States (US) tariffs and expectations of rising crude inventories in the US.
West Africa facing 10% drop in cocoa output in 2025/26: Sources
Date:Jul 9, 2025
West African cocoa production, which has faced two successive below-average harvests, is likely to see another 10% decline in the upcoming2025/26 season despite marginally improved weather conditions, industry sources told Reuters.
US Treasury's Bessent to skip SA G20 meeting, heading to Japan
Date:Jul 9, 2025
United States (US) Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in South Africa (SA) next week.
Ghana launches task force to curb gold smuggling losses
Date:Jul 8, 2025
Ghana President John Dramani Mahama this Tuesday launched a task force backed by security forces to address illegal gold trading, as Africa's top producer seeks to recover billions of dollars lost to smuggling.
Thirty percent tariff on SA would signal end to AGOA: Minister
Date:Jul 8, 2025
South African (SA) Agriculture Minister, John Steenhuisen, says the looming export tariff hike by the United States (US) on SA shows the country needs urgent reforms.
Uganda's State-owned oil firm seeks partner to develop block
Date:Jul 9, 2025
The Uganda National Oil Company (UNOC) is seeking a joint venture partner to help operate an exploration block in Uganda's west, the firm's Spokesperson said on Wednesday.
Musk chatbot Grok removes posts after complaints of antisemitism
Date:Jul 9, 2025
Grok, the chatbot developed by the Elon Musk-founded company xAI, removed what it called "inappropriate" social media posts on Tuesday.
Work on lower inflation target should not be rushed: SA Minister
Date:Jul 8, 2025
South Africa's (SA) Finance Minister Enoch Godongwana said work towards a lower inflation target was advancing but that it should not be rushed.
Aviation Expert welcomes SA Minister’s commitment to strengthen ACSA’s role
Date:Jul 8, 2025
Aviation Expert Jon Heeger has welcomed the commitment by South African (SA) Minister of Transport Barbara Creecy to reinforce the strategic position of Airports Company SA (ACSA) as the primary provider of airport infrastructure in the country.
Wall Street opens mixed as investors assess US President's latest tariff salvo
Date:Jul 8, 2025
Wall Street's main indexes opened mixed on Tuesday, as investors assessed United States (US) President Donald Trump's latest tariff offensive
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