South Africa Financial News

Speaking about training exposure abroad for Indian athletes, he said: «In North India, it gets quite cold, so I used to go to the South. I went to Bhubaneswar. But now, I train in South Africa. The weather is quite good and facilities for javelin are excellent. Earlier, in India, there was so much travel that it was hard to maintain a proper balance between training and competitions. So, I stay abroad, and the weather and diet remain consistent, which benefits my training. I can focus more when I'm abroad. In India, there are always household chores or places to go, which can be distracting.» «I believe Indian athletes are performing well and winning medals, and they came very close in the Olympics too. In the Olympics, we saw several fourth positions. I think the mindset of our athletes is changing, and now when they go to compete, they have better focus,» he added.

New Zealand's impressive triumph over India in the first Test in Bengaluru has had significant ramifications on the race to qualify for next year's ICC World Test Championship (WTC) 2023-25 final. The Black Caps chased down their victory target of 107 with relative ease on Sunday, with the win propelling them from sixth to fourth in the updated standings, with a win-loss percentage of 44.44%, according to the ICC. While India remain at the top of the standings, the loss has somewhat weakened their hold on a place in next year's final, as their percentage drops to 68.06% ahead of two more Tests against New Zealand and a five-match series with Australia at the end of the year.

Like most banks, Goldman Sachs is trying to diversify away from the white men who comprise most of its employees, particularly at senior levels. In the process, it's proven willing to be unusually frank in confronting difficult issues. 

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World Trade Organization (WTO) suggested creation of up a Dispute Settlement Fund or reimbursement of litigation costs of trade disputes for poor countries. «India has submitted a paper at the WTO suggesting the establishment of a Dispute Settlement Fund as one option to the address the issue of litigation costs,» said an official, adding that South Africa said that establishing a fund is «essential». It has been backed by 48 countries. It draws from a proposal by the African Group that has suggested that such a fund could be financed from the regular budget of the WTO and voluntary contributions from members, with disbursements in accordance with criteria to be adopted by the Dispute Settlement Body.

Sourav Ganguly has been appointed as the Director of Cricket for JSW Sports. In this new role, Ganguly will oversee all cricketing operations for JSW Sports, including the Delhi Capitals men's IPL and women's WPL teams, as well as the Pretoria Capitals team in South Africa's SA20 League. Ganguly’s association with JSW Sports has grown over the years, having first joined the Delhi Capitals as an advisor in 2019, where he worked alongside head coach Ricky Ponting. He later took on the role of Director of Cricket for the franchise. His long-standing relationship with JSW Sports founder Parth Jindal has been key to this appointment. Parth Jindal expressed his excitement, saying, “Dada has always had a special place at JSW Sports. For us, he is family first and then the cricketing icon that he is. He has one of the sharpest minds in cricket, and we are thrilled to have him lead all our cricketing ventures.”

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Sachin Tendulkar is set to return to the sport — both as an investor and a player — with the launch of the International Masters League (IML), a T20 franchise tournament featuring retired international players.

Cape Town, South Africa – On 11 October 2024, the DHL Stadium will host Crypto Fest 2024, one of the most anticipated South African Web3 events of the year. This event will highlight Bitcoin adoption, crypto payments, and the growing regulatory landscape across Africa, emphasizing both the benefits and challenges of using cryptocurrency for payments.

Leitch, who had over five decades of experience in financial services, served as FNZ Group chair from 2013 to 2024. His previous roles included chair of Bupa, chairman of Intrinsic Financial Services, and chair and CEO of Zurich Financial Services UK, Ireland, South Africa and Asia Pacific. He also served Lloyds Banking Group deputy chair, chair of Scottish Widows, deputy chair of the Commonwealth Education Fund, and chair of the Association of British Insurers.  «Sandy was not only a visionary leader but also a kind and generous soul who touched the lives of many,» said FNZ group ...

India's decision to ease restrictions on rice exports. Last month, the Indian government withdrew a blanket ban on overseas shipments of non-basmati white rice. It imposed a floor price of USD 490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice were banned from July 20, 2023, to boost domestic supply. «It's welcoming news for all the importers like us, as South Africa imports roughly 10 million tonnes of rice every year. After Thailand and Vietnam, which account for 70 per cent of imports of rice in South Africa, India is the next biggest exporter of rice to South Africa,» said Pranav Thakkar of Dev International, one of the largest importers of Indian products to South Africa.

Lupin on Friday said its subsidiary has acquired nine brands from the Medical Nutritional Institute SA (MNI) in South Africa, through a partnership deal with ImpiloVest. Pharma Dynamics has acquired the nine brands along with their associated trademarks through a partnership deal with ImpiloVest, a South African investment firm, Lupin said in a statement. The acquired brands include AntaGolin, RyChol, NeuroVance, SkinVance, FlamLeve, Rheumalin, SleepVance, ImmunoVance, and OviVance, it added. These products cater to a range of health issues such as metabolic syndrome, insulin resistance, cognitive function, skin health, inflammation, joint care, sleep quality, immune support, and women's hormonal well-being.

fertiliser prices, shipping through the Straits of Hormuz in addition to the current disruptions in the Red Sea, the peace and tranquillity in the Gulf and West Asia, and even the US presidential elections. The conflict has seen a step-bystep escalation, starting with the Hamas attack of October 7 last year. Israel, in response, has continued with its air and ground operations in Gaza. More than 40,000 have died from this action, nearly two million displaced and property and infrastructure severely damaged. The population there is suffering from food shortages and break down of health care. Intense multi-country efforts for ceasefire, led by the US, Egypt and Qatar, have floundered, buffeted by Israeli desire for a permanent end or irreplaceable degradation of Hamas military and governance structures, and countervailing Hamas’ demands for the ceasefire to be ‘permanent’. Around 100 Israelis remain hostages since October 7with no clarity on how many may still be alive. Anger against Israel and criticism of its actions in many countries has only grown.

Prince Harry's frequent alone visits are sparking rumors about Meghan Markle. Harry is enjoying his whirlwind journey across the globe, which has taken him to New York City, the U.K., and now South Africa. Although his return to the public front as a humanitarian is changing the story that has followed him since leaving the royal family, some palace observers are nevertheless worried about his solo appearances. Though there appears to be much ado about nothing, there have been speculations about their marriage before. Both partners are pursuing individual ventures that align with their inclinations while also altering their professions. After his recent engagements in Manhattan, Vanity Fair complimented the Duke of Sussex for becoming a representative of himself and his ideas that reveal a direct point of view now, formed both by his years in the royal family, the research he's done, and the experiences he's had outside of it. With the launch of her new lifestyle company, American Riviera Orchard, the Duchess of Sussex is embracing her more tender side.

CareEdge Ratings, is hoping to tap into a large market of rating foreign currency loans of Indian companies after it launched its international corporate and sovereign ratings from its Gift City office called CareEdge Global IFSC Ltd. CEO Mehul Pandya said together with taking away market share from its foreign peers, Care has plans to expand into African countries giving them the option of being rated from a new perspective. «So far more than $50 billion has been raised from Gift City and most of it has been rated by foreign agencies. If we just consider a few basis points of this amount in fees, it has huge revenue potential. We have a natural advantage because of our domestic expertise which we will leverage,» Pandya said.

Subscribe to enjoy similar stories. Scattered across the ocean floor are trillions of lumps of nickel, copper, cobalt and manganese. Companies have long wanted to mine them: these “critical minerals" are needed in vast quantities to electrify the global economy and cut dependence on fossil fuels.

Kashmir on Wednesday to witness the ongoing assembly elections. The delegation comprised diplomats from Delhi-based missions of the US, Mexico, Guyana, South Korea, Somalia, Panama, Singapore, Nigeria, Spain, South Africa, Norway, Tanzania, Rwanda, Algeria and the Philippines, people familiar with the matter said. Most of the embassies are represented by their Charge d'affaires and deputy chief of missions, they said. Others are represented by political officers at minister-counselor and counselor ranks.

Cape Town, South Africa – Get ready for an extraordinary convergence of technology, culture, and innovation at Crypto Fest 2024! Now in its 6th edition, this year’s event promises to be unlike any other, bringing together a vibrant and diverse audience in the breathtakingly beautiful city of Cape Town.

Hyundai Motor India on Monday said it has commenced exports of its entry level SUV Exter. The model will now be available to customers in South Africa, making it the eighth model to be exported to the country from India, the automaker said in a statement. The company has commenced the export of Exter by dispatching the first lot of 996 units to South Africa, it said. Hyundai already exports models like Grand i10 NIOS, Aura, i20, i20 N Line, and Venue, among others.

This accomplishment places India among a select group of elite teams worldwide that have ever reached this milestone. In the 147-year history of Test cricket, only seven teams have recorded more wins than losses at some point, and currently, only five maintain this record. As it stands, India's Test statistics are: Matches: 580 | Wins: 179 | Losses: 178 | Draws: 222 | Ties: 1. Alongside India, the other teams with more wins than losses include Australia, England, South Africa, and Pakistan. Australia leads with 414 wins and 232 losses, followed by England with 397 wins against 325 losses. South Africa boasts 179 wins to 161 losses, while Pakistan has 148 wins compared to 144 losses.

Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday