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.

Reported US–Iran peace framework reflects major shift in balance of power in the region

Analysts are cautiously welcoming reports of a potential peace framework between the United States (US) and Iran, although concerns remain over unresolved issues, particularly Tehran’s nuclear programme.

Senegal’s Sonko softens tone on debt restructuring as IMF talks due

The IMF suspended Senegal’s previous $1.8 billion lending programme after the misreported debt came to light.

Mozambique ends rail monopoly to allow private train operators  

Mozambique will open its national railway network to private operators

G7 energy billionaires pocket $300mln daily since outbreak of US, Israel war with Iran  

Global billionaires have seen their wealth surge by nearly ten trillion Dollars

SA power utility reports improved performance, power system stabilises through winter period

Eskom, South Africa’s (SA) power utility, says the country’s power system continues to show sustained improvement, with stronger generation performance, reduced outages and a sharp decline in diesel use contributing to greater stability during the winter demand period.

Structural economic shifts, talent deficits fuel SA’s municipal crisis  

Local government experts warn that the persistent failure of SA municipalities to deliver basic services compounded by a lack of local economic viability