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.

Wall Street set for higher open following Friday’s dramatic selloff

Wall Street’s main indexes were poised for a higher open on Monday after a sharp pullback in the previous session, as markets priced in prospects of deeper rate cuts by the Federal Reserve following a surprisingly soft jobs report||Wall Street’s main indexes were poised for a higher open on Monday after a sharp pullback in the previous session, as markets priced in prospects of deeper rate cuts by the Federal Reserve following a surprisingly soft jobs report

SA faces 30% US tariff after failing to reach trade deal

South Africa (SA) faces a 30% tariff on its exports to the United States (US) starting next week, a move expected to cost tens of thousands of jobs after the country failed to secure a trade deal before a deadline set by US President Donald Trump.||South Africa (SA) faces a 30% tariff on its exports to the United States (US) starting next week, a move expected to cost tens of thousands of jobs after the country failed to secure a trade deal before a deadline set by US President Donald Trump.

Sierra Leone chimp refuge shuts doors to tourists to protest deforestation

The eco-lodges and tree-covered footpaths of West Africa’s largest chimpanzee refuge have been devoid of tourists for more than two months as its founder stages a protest about rampant deforestation in Sierra Leone.||The eco-lodges and tree-covered footpaths of West Africa’s largest chimpanzee refuge have been devoid of tourists for more than two months as its founder stages a protest about rampant deforestation in Sierra Leone.

SA central bank lowers inflation goal without Minister’s sign-off

South Africa’s (SA) central bank said on Thursday it would now aim for 3% inflation, not 4.5%, despite the Finance Minister not yet signing off on a formal target change, as it lowered its main lending rate again.||South Africa’s (SA) central bank said on Thursday it would now aim for 3% inflation, not 4.5%, despite the Finance Minister not yet signing off on a formal target change, as it lowered its main lending rate again.

Dollar mixed after four-day rally, Fed meeting in focus

The United States (US) Dollar struggled for direction on Wednesday after a four-day winning streak, as investors shifted their focus to the outcome of the Federal Reserve’s (Fed) policy meeting later in the session and to upcoming economic data.||The United States (US) Dollar struggled for direction on Wednesday after a four-day winning streak, as investors shifted their focus to the outcome of the Federal Reserve’s (Fed) policy meeting later in the session and to upcoming economic data.

MTN to distribute dividends as BEE share scheme winds down

Shareholders of the MTN Black Economic Empowerment scheme, Zakhele Futhi, can expect payment on their investments from today as part of the scheme’s unwind.||Shareholders of the MTN Black Economic Empowerment scheme, Zakhele Futhi, can expect payment on their investments from today as part of the scheme’s unwind.