Economy
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Economy
Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy
Date:Apr 18, 2024
WeWork Inc Founder Adam Neumann has made a fresh push to buy back the firm even as it seeks, hundreds of millions of dollars to emerge from bankruptcy and avoid a sale, FT reported on Thursday.
Sierra Leone power crisis: Freetown in darkness amid financial turmoil
Date:Apr 18, 2024
Freetown, the bustling capital city of Sierra Leone, along with several other urban areas, has been engulfed in darkness for an extended period, causing widespread disruption to daily activities and critical services.
SA needs decisive efforts to cut spending: IMF
Date:Apr 17, 2024
South Africa needs more decisive efforts to cut spending and reduce its debt to gross domestic product ratio, which is expected to reach almost 86% by 2029, up from 74% in 2022, a senior International Monetary Fund official said this Wednesday.
PetroSA targets Mozambique gas in new sales deal
Date:Apr 17, 2024
South Africa's (SA) PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company, Empresa Nacional de Hidrocarbonetos, later this year, officials said.
LVMH shares rise offer element of reassurance
Date:Apr 17, 2024
Moët Hennessy Louis Vuitton (LVMH), shares rose on Wednesday after the first quarter sales figures from the world's largest luxury group offered an element of reassurance to investors concerned about the industry's outlook, particularly in China.
Binance obtains Dubai licence to target retail clients
Date:Apr 18, 2024
Binance has announced the acquisition of a Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Asset Regulatory Authority.
Cape Town Airport reaches 10 million passengers milestone
Date:Apr 18, 2024
Airports Company South Africa (ACSA) says Cape Town International Airport has processed more than 10 million passengers during the last financial year.
'Crime in SA among impediments for investors'
Date:Apr 17, 2024
A top issue worrying investors in South Africa, is that the Gauteng province is riddled with crime, that’s the word from Gauteng MEC for Finance, Jacob Mamabolo.
SA inflation slowed slightly more than expected in March
Date:Apr 17, 2024
South Africa's (SA) headline consumer inflation fell to 5.3% year on year in March from 5.6% in February, statistics agency data showed on Wednesday.
SA Energy Regulator apologises for misunderstanding regarding stage 16
Date:Apr 17, 2024
The National Energy Regulator of South Africa (NERSA) says it is unlikely that stage 16 load shedding will be implemented in the country.
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