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.

Oxfam report warns billionaire wealth has surged to record levels in 2025 as global inequality deepens

Billionaire wealth grew by more than 16% in 2025, three times faster than the average for the past five years, reaching a record $18.3 trillion.

Trump vows tariffs on eight European nations over Greenland

President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States (US) is allowed to buy Greenland, escalating a row over the future of Denmark’s vast Arctic island.

Emerging markets face tougher path to global capital, IMF study finds

Access to international capital markets for emerging and developing economies is becoming increasingly fragile.

IMF warns large stablecoins could threaten financial stability

The International Monetary Fund (IMF) has warned that fiat-backed stablecoins, if scaled to systemic size, could pose significant risks to financial markets.

Musk seeks up to $134 billion from OpenAI, Microsoft in ‘wrongful gains’

Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing he deserves the “wrongful gains” that they received from his early support of the artificial-intelligence startup, according to a court filing on Friday.

IMF approves $261 Million disbursement after Ethiopia meets reform targets

The International Monetary Fund (IMF)has approved an immediate disbursement of about $261 million to Ethiopia after completing the fourth review of the country’s Extended Credit Facility (ECF) programme.