Gold prices surged due to US tension and economic uncertainty

A worker cleans gold bars at South Africa’s Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017. 1 minute Gold prices have surged due to increased demand for safe haven assets, amid growing trade tensions and economic uncertainty. President Donald Trump recently imposed sweeping tariffs on all…

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Godongwana’s first GNU budget speech expected to reflect MTBPS

South Africa’s Finance Minister Enoch Godongwana speaks during his medium-term budget policy statement in Cape Town, South Africa, November 1, 2023. 1 minute Economists expect the upcoming Budget Speech to outline economic projections similar to those presented in the medium-term budget policy statement. Finance Minister Enoch Godongwana will deliver his Budget Speech on Wednesday next…

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South Africa’s financial position remains constrained: Experts

Finance Minister Enoch Godongwana delivering his Budget Speech. 3 minutes Experts attending the pre-National Budget Speech roundtable hosted by Deloitte, agree that while there have been some green shoots, South Africa’s financial position remains constrained. Economists expect the upcoming Budget Speech to outline economic projections similar to those presented in the Medium-Term Budget Policy Statement…

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NUM rejects Petra Diamond’s retrenchment notice

Rough diamonds on a table. 1 minute The National Union of Mineworkers (NUM) has rejected Petra Diamond’s retrenchment notice of over 200 mineworkers in its Pretoria and Northern Cape Operations. According to the union, the company says the diamond industry is facing the longest downturn in over 30 years. It says this is driven by…

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