Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. 4 minutes The global cryptocurrency market’s value has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The…
A general view shows attendees on the day of the United Nations climate change conference COP29 opening in Baku, Azerbaijan November 11, 2024. 4 minutes Developing countries need at least $1 trillion per year by the end of the decade to cope with climate change, economists told UN talks in Baku, where early efforts to…
Turkey’s Trade Minister Omer Bolat addresses the audience during a signing ceremony in Istanbul, Turkey, April 29, 2024. 2 minutes Turkey was offered partner country status by the BRICS group of nations, Trade Minister Omer Bolat said, as Ankara continues what it calls its efforts to balance its Eastern and Western ties. Turkey, a NATO…
A computer screen with an article on unemployment 1 minute The 2024 Quarterly Labour Survey reports a rise in unemployment across population and gender, with Black African women experiencing the highest rate at 38.6%, while South African White men have the lowest at 7.7%. INFOGRAPHIC below: Race and gender of the unemployed by SABC Digital…
An advert for vacancies 1 minute The employment rate shows a sharp increase in the 3rd quarter of 2024, according to the release of the quarterly report by StatsSA. The increase comes after a drop of 92 000 in the 2nd quarter. Below is an INFOGRAPHIC showing the increase in employment in the third quarter…
Glasses of beer 1 minute The South African Institute of Taxation (SAIT) has raised concerns over the country’s excise duties on beer, suggesting that the current tax levels may negatively impact consumers, particularly those with lower incomes and potentially reduce government revenue. SAIT CEO Keith Engel noted that the excise duties on beer have exceeded…
World leaders attending the United Nations climate change conference, known as COP29, pose for a family photo in Baku, Azerbaijan November 12, 2024. 3 minutes The heads of the World Bank and International Monetary Fund on Tuesday said they would work with the incoming US administration of Republican Donald Trump to continue to provide financing to…
South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg. 1 minute Public sector labour unions are currently consulting with their members on the latest government wage offer of 4.7%. The country’s organised labour has been engaged in wage negotiations with the employer at…
FILE PHOTO: The OPEC logo pictured 2 minutes OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting China, India and other regions, marking the producer group’s fourth consecutive downward revision. The weaker outlook highlights the challenge facing OPEC+, which comprises the Organisation of…
Job seekers wait beside a road for casual work 2 minutes The unemployment rate has decreased to 32.1% in the third quarter of 2024 from 33.5% in the second quarter. According to Statistics South Africa, the number of discouraged work-seekers increased by 160 000 and the number of people who were not economically active for…
