Economy
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Economy
Brazil declared free of foot-and-mouth disease without vaccination
Date:May 29, 2025
The World Organisation for Animal Health (WOAH) has recognized Brazil, the world's leading beef exporter, as a country free of foot-and-mouth disease without vaccination.
SA ready to host groundbreaking G20 SME summit in July
Date:May 29, 2025
South Africa (SA) will host the first-ever G20 Global Small and Medium Enterprises (SME) Ministerial Meeting in July, with Johannesburg set to welcome delegates from around the world.
Producer Price Inflation holds steady in SA amid rising input costs
Date:May 29, 2025
South Africa’s (SA) annual producer price inflation for final manufactured goods remained unchanged at 0.5% in April 2025.
SA Minister urges Africa to boost self-reliance amid global trade challenges
Date:May 29, 2025
South Africa’s (SA) Finance Minister, Enoch Godongwana, has called on African nations to strengthen their capacity for self-reliance as global economic uncertainty deepens.
Rate cut could boost spending as SA Reserve Bank decision looms: Economist
Date:May 29, 2025
A reduction in interest rates could inject much needed energy into South Africa’s (SA) sluggish economy by freeing up disposable income and encouraging consumer spending, says a leading economist.
SA Reserve Bank lowers repo rate in bid to spur economic growth
Date:May 29, 2025
In a move aimed at breathing life into South Africa’s (SA) struggling economy, the SA Reserve Bank has cut the repo rate by 25 basis points. The reduction brings the benchmark interest rate down to 7.25%.
JPMorgan hires former HSBC dealmaker Kamal Jabre to drive EMEA growth
Date:May 29, 2025
JPMorgan has named HSBC's former Global Head of Mergers and Acquisitions, Kamal Jabre, as its new M&A Vice Chair to drive expansion across Europe, the Middle East and Africa (EMEA).
Morocco's Bank of Africa reports 26% rise in first-quarter profit
Date:May 29, 2025
Bank of Africa, Morocco's third-largest lender, reported a 26% increase in profit attributable to shareholders to 920 million Dirhams ($99.5 million) in the first quarter, driven by a rise in net banking income.
SA honours labour giant Elijah Barayi with second memorial lecture
Date:May 29, 2025
Minister of Employment and Labour Nomakhosazana Meth is hosting the second Elijah Barayi Memorial Lecture in collaboration with the University of Johannesburg, paying homage to one of South Africa’s (SA) most respected labour leaders.
Rand steady before interest rate decision, PPI data
Date:May 29, 2025
The South African (SA) Rand was steady in early trade on Thursday, ahead of a much-anticipated interest rate decision by the SA Reserve Bank (SARB) and monthly producer inflation (PPI) figures.
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