FINANCE

FINANCE

Stay informed with the latest updates from South Africa and around the world. Our news section covers a wide range of topics including politics, social issues, crime, environment, global affairs, and human interest stories.

Nigerian banks earn $19 billion in interest income amid high-rate environment

Nigerian banks collectively earned approximately $19 billion in interest income during the first nine months of 2025, driven by the country’s persistently high-interest-rate environment, according to economists.

World oil, gas demand could grow until 2050: IEA

Global oil and gas demand could grow until 2050, the International Energy Agency (IEA) said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following United States (US) criticism about its climate focus

Wall Street set for higher open on federal shutdown-end hopes

Wall Street’s main indexes were poised to open higher on Wednesday with investors cheering a likely end to the longest United States (US) government shutdown, while an upbeat earnings outlook from Advanced Micro Devices revived optimism around AI

SA unveils tighter fiscal discipline, new inflation target to boost economy

South Africa’s (SA)Finance Minister Enoch Godongwana has announced a new inflation target and a series of fiscal measures aimed at stabilising the country’s economy, strengthening public finances, and restoring investor confidence. 

COP30 debates how to cool a hotter planet without warming it further

As the planet heats up, so does the race for smarter, cleaner technology. 

SA government shelves VAT hike as revenue projections improve

The South African (SA) government has confirmed that the proposed Value Added Tax (VAT) increase announced in the 2025 Budget will no longer go ahead.