Customers queue to draw money from an ATM outside a branch of South Africa’s Capitec Bank in Cape Town, South Africa March 15, 2016. Capitec CEO Gerrie Fourie has spent over 11 years at the helm of the bank and has grown the finance house dramatically in that time. The customer base of 5 million…
Metal workers working in a manufacturing plant. The manufacturing sector continues to show signs of strain. According to the ABSA Purchasing Manager’s Index, headline PMI contracted for the eighth consecutive month. The index, which measures the health of the sector, increased by 5.4 points to 48.5 index points in June. However, the data suggests that local demand conditions…
[File image] The dollar wobbled on Thursday after a trade agreement between the United States and Vietnam fuelled optimism over potential future deals ahead of a July 9 tariff deadline, while investors looked to payrolls to assess the Federal Reserve’s next steps. Sterling firmed slightly after a sharp drop the previous session as British Prime…
A service station. Motorists can expect to pay more at the pump with fuel prices set to increase from midnight. The Department of Minerals and Petroleum Resources has announced that the price of petrol will increase by between 52 cents and 55 cents a litre, depending on the grade. Diesel will increase by between 82…
The headquarters of the African Development Bank (AfDB) pictured in Abidjan, Ivory Coast The African Development Bank (AfDB) has approved a loan worth over $470 million (R8.26 billion) for South Africa’s Infrastructure Governance and Green Growth Programme. The bank says this is an important step in the country’s transition toward a sustainable and low carbon…
FILE PHOTO: Vehicles wait to be exported at the dock of the car terminal at the port of Durban, South Africa, April 10, 2025 South Africa has asked for more time to negotiate a trade deal with US President Donald Trump’s administration before his higher tariff regime goes into effect on July 9, the Department…
Minister Ronald Lamola at the 4th International Conference on Financing for Development in Seville, Spain. International Relations and Cooperation Minister, Ronald Lamola says multilateral development banks have a critical role to play in offering enhancement, supporting project preparation and co-financing alongside private capital. Lamola addressed the 4th International Conference on Financing for Development in Seville,…
In a bid to stimulate local economic growth, the Nelson Mandela Metro has held a Small, Medium, and Micro Enterprises summit in Gqeberha in the Eastern Cape. The summit was looking at empowering local small businesses by bringing together entrepreneurs, investors, and government stakeholders. Over 350 entrepreneurs gathered to learn about how to access government…
Minister Sindisiwe Chikunga engaging members of the media at the 3rd #G20 Technical Meeting on Empowerment of Women Working Group (EWWG) at Kruger National Park. The third Technical Meeting of the G20 on the Empowerment of Women is underway at Kruger National Park in Mpumalanga. It is aimed at promoting women’s participation in the economy…
Tesla vehicle at a showroom Tesla’s sales dropped for a sixth straight month in Sweden and Denmark in June, underscoring the challenges the EV-maker faces as competitors gain market share and CEO Elon Musk’s popularity declines. In Sweden, Tesla’s registrations, which are a measure of sales, fell 64.4% in June from a year earlier. Tesla’s…
