Economy

X Corp loses lawsuit against hate speech watchdog

A United States (US) judge on Monday threw out Elon Musk's lawsuit against a nonprofit group that faulted him for allowing a rise in hate speech on his social media platform X, formerly Twitter.

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Ghana central bank flags worse inflation outlook as it holds key rate

Ghana's central bank this Monday kept its main interest rate at 29%, opens new tab, saying the inflation outlook had worsened slightly over the past two months and required close monitoring.

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Temu, Shein struggle with surge in orders from SA

Two online marketplaces, Temu and Shein, have reported a significant increase in orders from South Africa, causing logistical challenges for their handling partner.

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SA Trade Minister highlights impact of Proudly South African Campaign at Buy Local Summit

In a move to bolster local industries, South Africa's Minister of Trade, Industry and Competition, Ebrahim Patel, has emphasised the critical role of the Proudly South African Campaign.

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Senegal Eurobonds fall as opposition candidate takes early Presidential poll lead

In a surprising turn of events, the financial markets reacted to the unfolding political landscape in Senegal, as preliminary results from the Presidential elections indicated a lead for opposition candidate Bassirou Diomaye Faye.

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Zambia reaches deal to overhaul $3.5bn debt

Zambia has reached an accord to overhaul its $3.5 billion debt with international bondholders.

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SA interest rate expected to stay unchanged

The South AFrican economists say they expect the Reserve Bank’s Monetary Policy Committee to keep the repo rate unchanged at its upcoming meeting this week.

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SANRAL’s Wild Coast Road project generates over 3 000 jobs

The South African National Roads Agency (SANRAL) has reported that the R20 billion ($1.054 billion) N2 Wild Coast Road project in the Eastern Cape province has resulted in the creation of over 3 000 jobs for local residents.

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Kenya Airports Authority closes section at Jomo Kenyatta International

The Kenya Airports Authority (KAA) has announced the temporary closure of a section of the Jomo Kenyatta International Airport (JKIA) following a fire incident early this morning.

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Rand edges higher ahead of rate decision

The South African Rand edged higher at the start of a week that will include the central bank's decision on its interest rates.

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