South Africa Financial News

budget will help keep its growth outlook healthy, said World Bank chief economist Indermit Gill, flagging the reduction in public debt as a key focus area for the government, along with putting education in mission mode. He noted that India has done a good job of making sure the fiscal deficit is reduced from last year.

Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich

Colgate Palmolive India reported a 33% rise in first-quarter profit on Monday, boosted by price hikes and steady domestic demand. The company's net profit rose to 3.64 billion rupees ($43.5 million) in the April-June period from 2.74 billion rupees a year earlier.

Reserve Bank of India said that global acceptability of the UPI and the development of CBDCs — can lower the cost of remittances, enhance their volume and also inflows to the recipients.

Ravi Shastri backed newly-appointed T20I captain Suryakumar Yadav to do well for the team and pointed out one major area that he must work on to earn success as a skipper.

Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich

In a boost to the London Stock Exchange, which has suffered a number of setbacks in recent years, Canal+ could gain a listing on the exchange as part of Vivendi's exploration of whether to split its business in three, the group said in a statement on Monday (22 July). The group said the choice to list in London highlights Canal+'s growing international operations, as it undertakes a $2.9bn (£2.2bn) acquisition of Multichoice, Africa's largest pay-TV operator. FCA introduces overhaul of UK listings regime to bolster stock markets With close to two-thirds of its subscribers outside o...

Much of the world faced online disarray Friday as a widespread technology outage affected companies and services across industries — grounding flights, knocking banks and hospital systems offline and media outlets off air

A global technology outage grounded flights, knocked banks and hospital systems offline and media outlets off air on Friday in a massive disruption that affected companies and services around the world and highlighted dependence on software from a handful of providers.

South African President Cyril Ramaphosa has opened a new parliamentary term

The African Development Bank says it has approved a $1 billion loan to South Africa’s state-owned rail and ports company, Transnet

Open Society Foundations revealed Tuesday its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development

For many years now, emerging-market (EM) assets as a class have got little attention, globally. Data from JPMorgan suggests that over the past year, foreign investors have pulled out over $36 billion from this asset class. No discussion about EMs is complete without someone pointing out their insipid returns over the past decade—a paltry 3% annualized in US dollars (including dividends).

cricket match-fixing scandal tainted the gentleman's game, a court here has framed charges of cheating and criminal conspiracy against four accused including Sanjeev Chawla, a London-based bookie and the «main conspirator», and actor Krishan Kumar, the brother of T-Series founder Gulshan Kumar. The 68-page order by the Patiala House district court, which has now paved the way for the start of the trial, noted the alleged role of the four — Chawla, Kumar, Delhi-based bookie Rajesh Kalra and Sunil Dara alias Bittoo. Delhi Police had filed the charge sheet in 2013 against them in connection with the 2000 cricket match-fixing scandal involving late South African captain Hansie Cronje. Cronje died in a plane crash in 2002. Chawla was extradited to India in February 2020.

A South African restaurant and bar has served up a sandwich that's nearly 10 feet long in the latest offering from an establishment with a taste for the supersized

South Africa was killed on Sunday when he allegedly exited a vehicle to take photos of wild elephants at a national park and was trampled by the herd, local authorities said Tuesday.The 43-year-old tourist, who was not named, was visiting Pilanesberg National Park in North West province with his fiancée and two other people.The man’s death is at least the third elephant-related fatality involving tourists in Africa in the last four months.Park officials told police the man left his vehicle, which is not allowed, and approached the elephants to take photos.The herd included three calves.North West province’s Parks and Tourism Board confirmed the incident and said an adult female elephant was first to charge at the man.In a statement obtained by the Associated Press, the board said the man “was unfortunately not able to escape or evade the elephant,” which was joined by the whole herd in trampling him.“The elephants moved away immediately from the scene without any aggression towards the nearby vehicles and eventually disappeared into the bushes,” the statement reads.Though elephants are typically not hostile, female elephants can become aggressive when they perceive a threat to their young calves.

pandas. This is only partly true. While the Chinese probably never adopted them as pets because they leave awful black and white stains on the couch, they are remarkably useless otherwise as well. Most of the time, sitting on their lazy asses, their low desire to procreate is baffling. Certainly considering they are at risk of extinction. Pandas can't even be relied on for their own survival. I will let that sink in. Pandas can't be seen in the wild anymore. The closest they get is a breeding reserve in Chengdu. Considering the gastronomic delights the city has to offer, in which Sichuan pepper gives dishes their distinct flavour, it is a shame to see pandas limit themselves to bamboo.

Shubman Gill and Riyan Parag who termed it as an «inspiration» while vowing to bring more glory to the nation in future. The new line of Indian players is here to play a five-match T20I series against Zimbabwe, which is starting from Saturday at the Harare Sports Club. Gill, who is leading the contingent here, was a travelling reserve with Rohit Sharma's men before returning to India after the group stage of the T20 WC which was held in the USA. The 24-year-old rated the victory as a «feather in the cap».

PTI quoted an ICC board member as saying.Pakistan will host the ICC event from 19 February to 9 March, while 10 March has been kept as a reserve day for the final ICC event.With details pouring in, India has been placed in Group A with Pakistan, Bangladesh, and New Zealand, while Australia, South Africa, England, and Afghanistan are in Group B.Earlier, PCB chairman Mohsin Naqvi – invited to watch the T20 World Cup final in Barbados – had submitted a 15-match schedule with all of India's games kept in Lahore for security and logistical reasons, added the PTI report."The PCB has submitted the draft of the 15-match ICC Champions Trophy. Seven games in Lahore, three in Karachi and five in Rawalpindi," PTI's ICC source said."The opening match will be held in Karachi with two semifinals in Karachi and Rawalpindi, final in Lahore.

BCCI announced Gautam Gambhir as the new head coach of the Indian cricket team, replacing Rahul Dravid, Rohit Sharma's wife, Ritika Sajdeh, took to Instagram with an emotional post for the outgoing coach. Dravid’s tenure ended on a high note with India’s successful T20 World Cup campaign. Ritika’s heartfelt post came soon after Rohit referred to Dravid as his “work wife,” a term coined by Ritika herself. She expressed how close Dravid had become to the Sharma family and shared how much their daughter, Samaira, would miss him. «So many emotions, you mean so much to our entire family. You will be missed so much. I think Sammy will miss you the most,» Ritika wrote.