Economy

SA lender FirstRand sees similar profit growth

South Africa's FirstRand Ltd , opens new tab expects to generate earnings in the second half that are similar to the first half, which rose by 6%, and anticipates softer overall loan growth due to high interest rates and persistent elevated inflation

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Meetings Africa 2024 event comes to an end

The Meetings Africa 2024 three-day event has come to an end in South Africa.

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SA Rand edges up ahead of producer inflation, US data

South Africa's Rand firmed marginally early on Thursday, ahead of a slew of local economic data releases including producer inflation and a key United States inflation reading.

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Guinea trade unions suspend nationwide strike

Guinea's trade unions have suspended a nationwide strike that had paralysed the West African nation and its mining sector since Monday, a statement said on Wednesday.

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Transnet appoints Michelle Phillips as Group Chief Executive Officer

Michelle Phillips has been named as the new Group Chief Executive Officer of Transnet, the state-owned freight transport and logistics company.

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Mozambique has immunity in London 'tuna bond' case, court rules

Mozambican President Filipe Nyusi cannot be sued in Britain over allegations he accepted unlawful payments as part of Mozambique's litigation over the decade-long "tuna bond" scandal, London's Court of Appeal ruled this Thursday.

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Producer Prices increase slightly in January after December dip

South Africa's producer prices, as measured by the Producer Price Index (PPI), rose slightly in January 2024 compared to December 2023.

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SA lender FirstRand posts 6% rise in half-year profit

South Africa's FirstRand Ltd on Thursday posted a 6% rise in first-half earnings, driven by good topline growth, particularly net interest income.

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Apple to disclose AI plans later this year: Tim Cook

Apple plans to disclose more about its plans to put generative artificial intelligence to use later this year, Chief Executive Officer Tim Cook said during the company's annual shareholder meeting on Wednesday.

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Activists criticise civil society 'restrictions' at WTO meeting in UAE

Civil society organisations at the World Trade Organization (WTO) meeting in the United Arab Emirates this week have criticised restrictions on their participation, including alleging that some of their members had been briefly detained at the talks.

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