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.

Kumba’s iron ore sales up 3% on better rail and port services

South Africa’s (SA) Kumba Iron Ore’s mineral sales rose 3% during the first half of the year, helping to offset inflation-related cost increases, following an improvement in rail freight and port operations, it said this Thursday.||South Africa’s (SA) Kumba Iron Ore’s mineral sales rose 3% during the first half of the year, helping to offset inflation-related cost increases, following an improvement in rail freight and port operations, it said this Thursday.

Greece invites Libya to maritime zone talks to ease strained ties

Greece has invited Libya’s internationally recognised government in Tripoli to start talks on demarcating exclusive economic zones in the Mediterranean Sea, Prime Minister Kyriakos Mitsotakis said this week.||Greece has invited Libya’s internationally recognised government in Tripoli to start talks on demarcating exclusive economic zones in the Mediterranean Sea, Prime Minister Kyriakos Mitsotakis said this week.

TotalEnergies posts 23% drop in quarterly income as oil, gas prices sag

TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major’s worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas|| TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major’s worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas

SA touted as new market as Trump’s tariffs threaten champagne sales

South Africa (SA) has emerged as one of the key alternative markets for French champagne producers.||South Africa (SA) has emerged as one of the key alternative markets for French champagne producers.

G20 Finance Chiefs back central banks’ independence as they seal communique

Finance Chiefs from the Group of 20 countries stressed the importance of central bank independence in a communique issued on Friday following a two-day meeting in South Africa’s (SA) coastal city of Durban.||Finance Chiefs from the Group of 20 countries stressed the importance of central bank independence in a communique issued on Friday following a two-day meeting in South Africa’s (SA) coastal city of Durban.

South32 flags impairment of Mozambique aluminium smelter

Australian diversified miner South32 this Monday flagged an impairment to its Mozal aluminium smelter in Mozambique and said that its production was under review because it has not been able to secure affordable power prices after March 2026.||Australian diversified miner South32 this Monday flagged an impairment to its Mozal aluminium smelter in Mozambique and said that its production was under review because it has not been able to secure affordable power prices after March 2026.