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.

IMF African Department Director Abebe Selassie to retire in 2026

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has announced that Abebe Aemro Selassie will retire as Director of the African Department on May 1, 2026.

Kenyan beer firm asks court to block Diageo’s $2.3 billion EABL sale to Asahi

Nestlé infant formula recall widens to Africa, the Americas, Asia

Nestlé’s recall of some batches of infant nutrition products has widened beyond Europe to Africa, the Americas and Asia, including Brazil, China and South Africa (SA), a tally from the company and national food safety statements shows.

IMF approves extension of Benin funding programmes to February 2026

The Executive Board of the International Monetary Fund (IMF) has approved Benin’s request to extend its current financing arrangements under the Extended Fund Facility (EFF), Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF) until February 28, 2026.