Economy
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Economy
US Senate passes TikTok divestment-or-ban bill, Biden set to make it law
Date:Apr 24, 2024
In its latest Monetary Policy Review the South African (SA) Reserve Bank notes that low commodity prices, load shedding and logistics constraints continue to undermine economic growth domestically.
Path to 4.5% inflation likely bumpy and protracted: SA Central Bank
Date:Apr 23, 2024
South Africa's central bank said this Tuesday that the path back to 4.5% inflation would probably be "bumpy and protracted" after setbacks in the disinflation trajectory in recent months.
Spotify monthly user numbers miss estimates on lower promotions
Date:Apr 23, 2024
Spotify on Tuesday reported quarterly monthly active users (MAU) of 615 million, missing its own estimates, as the Swedish music streaming company spent less on marketing activities to draw in more listeners.
Mauritius woos SA investors during investment week
Date:Apr 23, 2024
The Mauritius Investment Promotion & Residency Week conference, currently taking place unveiled a wealth of burgeoning investment opportunities for South African (SA) entrepreneurs.
Apple's Q1 phone sales in China fall 19.1%, Huawei's up 70%
Date:Apr 23, 2024
Apple has experienced a significant sales slump in the first quarter of 2024, with figures showing a 19.1% decline.
Egypt economy seen growing slower after IMF deal before picking up
Date:Apr 24, 2024
Egypt's economy will grow slower than previously expected this year after it signed an $8 billion financial support package with the International Monetary Fund (IMF) that came with conditions.
Zijin co-operating with Congo probe after cobalt with radiation recalled
Date:Apr 23, 2024
Chinese mining company, Zijin Mining, has announced its co-operation with authorities in the Democratic Republic of Congo (DRC) after radiation was found in a shipment of cobalt from its mine in the country, prompting a recall.
Microsoft introduces smaller AI model
Date:Apr 23, 2024
Microsoft on Tuesday announced a cost-effective, small language artificial intelligence model that can perform tasks such as content creation and creating social media posts while using smaller amounts of data.
Economist sceptical about SA's labour activation programme
Date:Apr 23, 2024
In a candid response to South Africa's newly-launched labour activation programme, Central University of Technology economist Mgcinazwe Zwane expressed dismay at the government's delayed recognition of the need for youth skill development.
Kumba quarterly sales fall 10% as port challenges curb exports
Date:Apr 23, 2024
Kumba Iron on Tuesday reported a 10% fall in first-quarter sales due to port equipment challenges, as South Africa's logistical problems continue to throttle commodity exports.
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