News

NEWS

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.

World Bank approves $45 million to boost Zambia’s economic resilience, climate adaptation

The World Bank has approved $45 million in new financing to support Zambia’s economic recovery and climate‑resilience efforts under the Second Zambia Climate and Economic Resilience Programmatic Development Policy Financing. 

Mauritius becomes first African country to adopt IMF’s highest data transparency standard

Mauritius has become the first country in Africa to adhere to the International Monetary Fund’s (IMF) Special Data Dissemination Standard Plus (SDDS Plus), the IMF’s most rigorous tier of statistical transparency. 

IMF issues fresh guidance as emerging economies rethink inflation targets

A new International Monetary Fund (IMF) technical paper urges emerging market and developing economies, including many in Africa, to update how they design and review their inflation targets, warning that credibility risks are rising as global financial conditions tighten. 

Middle East crisis enters third week as humanitarian needs surge, global disruption widens

The crisis in the Middle East has entered its third week, with escalating violence across the region driving humanitarian needs sharply higher and fuelling global economic disruption. 

UN climate Chief warns Middle East conflict driving global energy turmoil, urges rapid shift to renewables

The United Nation’s (UN) top climate official has warned that the ongoing conflict in the Middle East is disrupting global energy supplies and pushing oil and gas prices sharply higher, echoing the volatility seen following Russia’s invasion of Ukraine.

SA inflation expected to average 3.6% over next five years

Economists, business leaders and trade unions in SA expect inflation to average a record low of 3.6% over the next five years