Ghana’s Finance Minister has offered to cut a mining levy by two percentage points

SA Rand rallied in early trade on Tuesday

Concerns are growing within South Africa’s (SA) automotive sector that a proposed increase in import tariffs on vehicles from China and India could significantly raise the cost of entry-level cars, placing further strain on already stretched household budgets.

Commodities markets slumped on Monday, led by deep losses in gold, silver, oil and industrial metals, as a selloff unleashed by President Donald Trump’s choice of Kevin Warsh for the next United States (US) Fed chair sent precious metals tumbling for a second session.

Search-and-rescue and disaster assessment operations are underway in Mozambique, with emergency teams deploying advanced drone technology financed and supported by the African Development Bank (AfDB) Group through the Korea–Africa Economic Cooperation (KOAFEC) Trust Fund and partner organisations.