Economy
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Economy
Oil heads to first weekly loss since April on OPEC+ supply hike prospect
Date:May 23, 2025
Oil prices dropped for fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible Organisation of the Petroleum (OPEC+) Exporting output hike in July.
No talks held with US on troop withdrawal: South Korea's Defence Ministry
Date:May 23, 2025
South Korea's Defence Ministry says Seoul and the United States (US) have not had discussions about the withdrawal of some Washington’s troops stationed in the country
Egypt central bank cuts key interest rates by 100 bps
Date:May 23, 2025
Egypt's central bank lowered its overnight interest rates by a less-than-expected 100 basis points on Thursday, saying economic growth had accelerated in the first quarter while inflation had decelerated
Calls grow for stronger credit ratings culture to unlock Africa’s funding potential
Date:May 22, 2025
Financial regulators and political leaders have a critical role to play in fostering a culture of credit ratings across Africa, according to Torsten Hinrichs, a seasoned expert in credit analysis.
SA to cut spending if tax agency doesn't meet target
Date:May 22, 2025
South Africa's (SA) government will have to cut expenditure substantially if the SA Revenue Service (SARS) does not meet its revenue target, Finance Minister Enoch Godongwana told Reuters on Thursday.
Mali hearing on Barrick's Loulo-Gounkoto mines postponed to June 2
Date:May 23, 2025
A Malian court has postponed, for the second time, a hearing on whether to place Barrick Mining's Loulo-Gounkoto gold mine under provisional administration to restart operations
SA’s Automobile Association criticise fuel levy increase
Date:May 23, 2025
South Africa’s Automobile Association (AA) has strongly criticised government's decision to increase the General Fuel Levy (GFL).
SA Women in Philanthropy focus on building resilience, driving lasting impact
Date:May 22, 2025
Women in Philanthropy South Africa (SA), in collaboration with Investec Bank, hosted a gathering in Johannesburg, Gauteng province bringing together women in business and social impact spaces.
Ralph Lauren's quarterly results beat estimates on steady demand
Date:May 22, 2025
Ralph Lauren surpassed fourth-quarter revenue and profit estimates this Thursday, helped by resilient demand for its classic Polo shirts and spring dresses, sending its shares up 3% in premarket trading.
SA’s Transnet gets $2.8 billion government guarantee
Date:May 22, 2025
South Africa's (SA) government has agreed to give ailing state-owned logistics group Transnet a R51 billion ($2.8 billion) guarantee facility, the Transport Ministry said this Thursday.
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