Economy

The Group of Twenty (G20) South Africa

Date: Mar 4, 2025

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.

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Only 10% of commercial farmers are black: SA Minister

South African (SA) Ariculture Minister John Steenhuisen says the country should push for meaningful participation of black businesses in the agriculture sector.

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Chad suspends visa issuance to US citizens over travel ban

Chad suspended visa issuance to United States (US) citizens on Thursday after its nationals were included in a US travel ban targeting 12 countries, President Idriss Deby said in a Facebook post.

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SA Auditor General report for 2023/2024 municipalities’ report still shows challenges

The latest Auditor General’s (AGSA) report on municipalities for the 2023 and 2024 period comes as no surprise to South Africans (SA) concerned about the degenerating state of local governance.

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Unlicensed mining intensifying in Ghana

Director of Extractives at the Global Initiative against Transnational Organised Crime, Marcena Hunter says unlicensed mining is intensifying in the Western and Savannah regions of Ghana.

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SA government probes financial implications of ghost workers

South Africa's (SA) Public Service and Administration Minister Chief Mzamo Buthelezi says the department is compiling a comprehensive report to determine the financial costs of ghost employees.

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Mali hearing on Barrick's suspended Loulo-Gounkoto complex adjourned to June 12

A Malian court has adjourned until June 12 a hearing on whether to put the Loulo-Gounkoto gold mining complex, suspended since January.

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Oil rises more than 1% after report on US-China call

Oil prices rose more than 1% on Thursday, rebounding from the previous day's drop, after Chinese state media reported that President Xi Jinping spoke with United States (US) President Donald Trump by phone

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SA government aligns with OECD recommendations on fiscal reforms, efficiency

South Africa’s (SA) Deputy Finance Minister, Ashor Sarupen, says the government has taken note of the latest recommendations from the Organisation for Economic Co-operation and Development (OECD).

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SA business chamber warns of mounting threats to manufacturing sector

The Nelson Mandela Bay Business Chamber has expressed growing alarm over the mounting pressures facing South Africa’s (SA) manufacturing sector, particularly in light of deteriorating infrastructure and looming international trade challenges.

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Central banks on track for 4th year of massive gold purchases: Metals Focus

Central banks worldwide are on track to buy 1 000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from Dollar-denominated assets into bullion, consultancy Metals Focus said.

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