Shares of Netflix soared 13%. 3 minutes Shares of Netflix soared 13% to an all-time high on Wednesday after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its already sizeable advantage over other players. The company also unveiled price hikes on Tuesday in markets…
President Cyril Ramaphosa delivers a Special Address to the World Economic Forum to advance South Africa’s G20 Presidency at the Congress Centre, in Davos-Klosters, Switzerland, January 21, 2025. 1 minute President Cyril Ramaphosa has assured world leaders at the World Economic Forum (WEF) in Davos, Switzerland, that South Africa is an attractive investment destination. Ramaphosa…
President Cyril Ramaphosa addressing world leaders gathered for the World Economic Forum at Davos, Switzerland 3 minutes President Cyril Ramaphosa has urged nations to work together to tackle a multitude of challenges facing the global economy, highlighting rising debt and climate change impacts as burning issues. He was giving a special address to the World…
London Stock Exchange 2 minutes The main UK stock indexes rose on Tuesday, with a weaker sterling helping keep the FTSE 100 near all-time highs, while upbeat earnings from companies including Abrdn and Premier Foods boosted the midcap index. The blue-chip FTSE 100 closed up 0.3%, trading just below its intraday record high of 8548.59…
2 minutes The Airports Company South Africa has emphasized the urgent need to address the issue of security of fuel supply in the country. ACSA has been engaged in talks with various stakeholders since announcing this week that it has just over seven days left of jet fuel reserves. It comes after a fire at…
Office of the Department of Trade, Industry and Competition. 2 minutes The Democratic Alliance (DA) has criticized Department of Trade, Industry and Competition (DTIC) Minister Parks Tau’s proposal to establish a R100 billion Transformation Fund aimed at supporting black-owned businesses. The DA has described the move as a unilateral and irresponsible policy decision that undermines…
File image: Shoppers in a grocery shop in South Africa. 1 minute Independent economist Elize Kruger says inflation is expected to tick up slightly following a fuel price hike and a rise in other household expenses recorded in December 2024. Her comments come as Statistics South Africa prepares to release the December inflation numbers this…
2 minutes President Cyril Ramaphosa has ironed out South Africa’s priorities and objectives of the G20 Presidency, saying the G20 is an institution that shapes the architecture of the World. Addressing the 55th World Economic Forum (WEF) annual meeting in Davos, Switzerland, on Tuesday, Ramaphosa explains that hosting the G20 is a significant moment for…
A miner sits on a wall as a giant excavator drives past at a mine. 1 minute The mining sector in South Africa is showing signs of strain, with production declining by 0.9% year-on-year in November. This comes after a 1.1% year-on-year increase recorded in the previous month. The largest negative contributors were gold, iron…
[File Image]: President Cyril Ramaphosa addresses the Business Interaction Group on South Africa at the World Economic Forum in Davos, Switzerland. 1 minute President Cyril Ramaphosa is leading the South African delegation to the World Economic Forum (WEF) in Davos, Switzerland. According to the Presidency statement, Ramaphosa will deliver a special address at WEF where…
