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.

Uganda lowers annual growth forecast to 6.5%-7%, to start crude output in west

Uganda’s economy is projected to expand between 6.5% and 7% in the financial year starting July

Amazon in talks to invest as much as $50 billion in OpenAI: Sources

Amazon is in talks to invest dozens of billions in ChatGPT-maker OpenAI and the figure could be as high as $50 billion, a source told Reuters on Thursday

Gold slumps as bets of a more hawkish Fed chair rise; set for best month since 1980

Gold slid more than 4% on Friday on rumours the Federal Reserve could get a more hawkish chairperon, but was still on track for its strongest monthly gain since 1980 as investors flocked to the safe haven amid lingering geopolitical and economic strains

Apple forecasts strong sales growth as iPhone demand in Asia rebounds

Apple on Thursday forecast higher-than-expected revenue growth of up to 16% for the March quarter, powered by strong demand for its ​iPhones and a sharp rebound in China and accelerating demand in India

SAFTU slams British American Tobacco’s planned closure of factory

The trade union federation has criticised plans by British American Tobacco to shut down its local manufacturing plant.

Interest rate cut possible if Rand continues to strengthen and oil prices drop: SARB

The bank says inflation has reached its peak for the year and is expected to remain under control.