An investment of about $11.4 billion is required over the coming four years to connect hundreds of millions of people to reliable off-grid solar electricity, according to study done by the World Bank ...
The current global economic situation is confusing. On the one hand, it’s characterised by inflation, and food and other critical supply shortages caused by the wars in Ukraine and the Gulf states. ...
A trio of mega artificial intelligence financing deals announced Monday morning had one name in common: Goldman Sachs Group. Those big deals, totalling at least $210 billion, are a boon for Goldman, w...
The United Nations gave Bangladesh and Nepal three more years before they leave the Least Developed Nation category, allowing them to retain trade and financing benefits as both economies face pressur...
Taiwan’s stock benchmark is on the verge of entering into a technical correction as the global selloff in artificial intelligence stocks deepens. The Taiex Index fell as much as 3.5% on Friday to its ...
President Donald Trump cancelled appearances in Kansas and Iowa for the closing days of the midterm election season, and will instead hold “a large number of tele-rallies,” the Republican National Com...
African Export-Import Bank is planning a $1 billion syndicated loan that could include an offshore yuan tranche, according to people familiar with the matter, in what would be its first foray into the...
Oil rose on signs the US may resume military strikes against Iran, risking fresh turbulence in the region that may hurt energy flows. Brent futures for December, which expire later on Friday, climbed ...
South Africa’s central bank chief says its models suggest the current policy approach will be able to bring inflation down to its 3% goal after the initial shocks triggered by the ongoing conflict in ...
The South African Local Government Association (Salga) has proposed an 80% increase in the equitable share municipalities get from government. This would increase local government’s share of the natio...
Claims of misconduct have emerged at Rand Mutual Assurance (RMA) after an independent report and whistleblower claims have gone unanswered. RMA administers workers’ compensation for employees in the ...
Minister of Trade, Industry and Competition Parks Tau says South Africa has made “generous offers” to the US in a bid to continue its trade relationship with the world’s largest economy under the Afri...
FirstRand has again reduced the short-term incentives awarded to its executive directors for the negative impact on the group of the “UK motor commission matter”. The final details of the redress sche...
President Christine Lagarde announced she’ll leave the European Central Bank in early 2027, intensifying the struggle to replace one of the world’s most powerful monetary policymakers. Lagarde will st...
The City of Tshwane has confirmed to The Citizen that the South African Revenue Service (Sars) executed a search warrant to raid the home of City of Tshwane chief financial officer (CFO) Gareth Mnisi....
Genomic sequencing has linked Ebola cases detected in Kenya and Nigeria to the same transmission chain and to viruses circulating in eastern Democratic Republic of Congo, while leaving open the possib...
Oil dropped as traders assessed fresh diplomatic efforts in the Middle East to avert a potential restart of US military strikes on Iran. Brent fell below $114 a barrel after rising by more than 1% in ...
Sandton-headquartered Harith Aviation secured final approval from the Competition Tribunal to proceed with its 100% acquisition of FlySafair, the group confirmed on Thursday morning. “Harith Aviation ...
Anheuser-Busch InBev’s volumes missed analyst estimates last quarter as sluggish sales of beer and weak demand in China offset growth elsewhere at the world’s biggest brewer. The maker of Stella Artoi...
Absa Group has opened a new office in Dubai as South Africa’s third-biggest lender looks to further diversify its business and tap the growing trade and investment between the Middle East and the cont...
The South African Reserve Bank and financial institutions are preparing a backup plan in case legislation needed for the switch to a new rand benchmark interest rate isn’t passed by the end of the yea...
US Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation, but without offering a clear signal they might raise rates at their next meeting in ...
Bahari Bay, a R3 billion residential development in Shelly Beach on KwaZulu-Natal’s (KZN) South Coast, has sold more than 100 residential plots, attracting buyers from across South Africa and internat...
The International Monetary Fund said South Africa is restoring fiscal credibility despite geopolitical risks, but needs to deliver faster economic reforms to lift investment and growth. Africa’s large...
Russian President Vladimir Putin will host dozens of African leaders in Moscow as the Kremlin seeks to deepen ties with a continent that has taken on greater strategic importance for Russia since its ...
Oil rose on a report the US may resume military strikes on Iran after next week’s midterms, and as traders tracked a tight Israeli election. Brent climbed toward $116 a barrel after a two-day drop, wh...
Global hotels and leisure giant Marriott International has officially opened The Cape Town Edition. The opening which took place at the V&A Waterfront on Tuesday marks the debut of the Edition brand ...
Morocco has overtaken South Africa in the latest Rand Merchant Bank (RMB) Where to Invest in Africa report, but its authors warn that investors should look beyond the rankings when deciding where to a...
The Johannesburg Labour Court has called out a Commission for Conciliation, Mediation and Arbitration (CCMA) commissioner for relying on a fake judgment, presumably AI-generated, to make an unlawful r...
The Property Practitioners Regulatory Authority (PPRA) says property practitioners do not need black economic empowerment (BEE) certificates to renew their operating certificates ahead of the 31 Octob...
Food prices are the biggest financial pressure facing middle-class online shoppers, according to a survey by shopping site OneDayOnly, with more than 40% of respondents earning R25 000 or more a month...
Two multi-million rand South African mansions owned by the Gupta brothers, a trio of India-born businessmen at the centre of a corruption scandal that triggered the nation’s worst political and econom...
Morocco overtook South Africa to become the continent’s fourth-most attractive investment destination as years of industrialisation and faster growth propelled it ahead of the region’s biggest economy...
South Africa will deploy troops in KwaZulu-Natal to ensure security in a province that has witnessed incidents of anti-immigrant violence, as the country prepares for municipal elections next week. Pr...
Russia is stepping up the number of Africans it recruits to counter a personnel shortage in its military and is targeting some of the continent’s most dysfunctional states for manpower, a presentation...
Africa’s biggest initial public offering has already secured enough commitments from Nigerian and retail investors to meet its fundraising target, according to people familiar with the matter. That’s ...
Japan’s vulnerability to cyber attacks was on full display again Tuesday as hackers threatened to leak customer data of retail foreign exchange traders and to conduct a ransomware attack unless they w...
Alibaba Group Holding won a US court ruling in its challenge to a Department of Defence blacklist, testing Washington’s ability to curtail Chinese companies’ activities. A federal judge in San Jose, C...
Anthropic PBC’s initial public offering may give Commonwealth Bank of Australia an opportunity to cash in on a stake it purchased in the artificial intelligence startup more than a year ago and whose ...
Flávio Bolsonaro abandoned plans to challenge the result of Brazil’s presidential election, while his Liberal Party went a step further and formally conceded defeat to reelected President Luiz Inácio ...
Surging oil prices and the AI boom are widening a currency-market divide, deepening losses across most emerging Asian currencies while providing a buffer for others, such as the Korean won. The Philip...