South Africa Financial News

South African opposition parties are meeting and will continue crunch talks into next week to consider the ruling African National Congress’ offer to become part of a government of national unity

In its annual results to 31 March published today (5 June), the FTSE 250 Anglo-South African asset manager reported a 3% decrease in AUM to £126bn, as net outflows outweighed positive market and foreign exchange movement of £6.1bn.  Pre-tax profits ticked up 2% to £216.8m despite lower average assets under management of £123.9, down 8% year-on-year. On an adjusted basis, operating profit came in 8% lower than last year.  Janus Henderson poaches UK distribution head from Ninety One Net outflows, which were slower than the £10.6bn reported in 2023, were largely driven by equities, sh...

Venue : Nassau County International Cricket Stadium, New York Sri Lanka squad - Charith Asalanka, Kamindu Mendis, Pathum Nissanka, Angelo Mathews, Dasun Shanaka, Dhananjaya de Silva, Wanindu Hasaranga, Kusal Mendis, Sadeera Samarawickrama, Dilshan Madushanka, Dunith Wellalage, Dushmantha Chameera, Maheesh Theekshana, Matheesha Pathirana, Nuwan Thushara South Africa squad - Aiden Markram, David Miller, Reeza Hendricks, Tristan Stubbs, Keshav Maharaj, Marco Jansen, Heinrich Klaasen, Quinton de Kock, Ryan Rickelton, Anrich Nortje, Bjorn Fortuin, Gerald Coetzee, Kagiso Rabada, Ottneil Baartman, Tabraiz Shamsi Sri Lanka vs South Africa Live Score: Sri Lanka Kusal Mendis 6 (7) Pathum Nissanka 2 (5) South Africa Kagiso Rabada 0/7 (1) Sri Lanka vs South Africa Live Score: FOUR! First four of the game! Sri Lanka vs South Africa Live Score: Sri Lanka Pathum Nissanka 1 (4) Kusal Mendis 1 (2) South Africa Marco Jansen 0/2 (1) Sri Lanka vs South Africa Live Score: South Africa (Playing XI) - Quinton de Kock (WK), Reeza Hendricks, Aiden Markram (C), Heinrich Klaasen, David Miller, Tristan Stubbs, Marco Jansen, Keshav Maharaj, Kagiso Rabada, Anrich Nortje, Ottneil Baartman. Sri Lanka vs South Africa Live Score: Sri Lanka (Playing XI) - Pathum Nissanka, Kusal Mendis (WK), Kamindu Mendis, Sadeera Samarawickrama, Charith Asalanka, Angelo Mathews, Dasun Shanaka, Wanindu Hasaranga (C), Maheesh Theekshana, Matheesha Pathirana, Nuwan Thushara.

The African National Congress party has lost its parliamentary majority in a historic election result that puts South Africa on a new political path for the first time since the end of the apartheid system of white minority rule 30 years ago

T20 World Cup 2024: South Africa will clash with Sri Lanka on June 3 at the Nassau County International Cricket Stadium in New York. Aiden Markram will captain the Proteas while Wanindu Hasaranga will lead the Lankan side.A post shared by ICC (@icc)South Africa, since 2023, have played 11 T20Is that produced results and lost 9 of those. They were recently defeated 3-0 by West Indies.

East African nation Rwanda aims to create its own retail central bank digital currency (CBDC) to assert its significance in the global economy’s future landscape by 2026.

cricket world has viewed the United States of America as its final frontier. Here was the last untouched market. A South Asian diaspora with a love of the game and dollars to spend, bolstered by significant others from around the Commonwealth.

once-dominant ANC had received just over 40% in the election on Wednesday, well short of the majority it had held since the famed all-race vote of 1994 that ended apartheid and brought it to power under Nelson Mandela. The final results are still to be formally declared by the independent electoral commission that ran the election.While opposition parties hailed it as a momentous breakthrough for a country struggling with deep poverty and inequality, the ANC remained the biggest party by some way but will now need to look for a coalition partner or partners to remain in the government and reelect President Cyril Ramaphosa for a second and final term.

ICC Men's T20 World Cup 2024 kicking off in the USA and the West Indies on 1 June, all eyes will be on the trophy and who will lift it.In 2022, England won the T20 World Cup by beating Pakistan in Australia. This was their second T20 World Cup trophy after 2010.ALSO READ: T20 World Cup 2024: Top 10 squads, India vs Pakistan match details and moreAmid the debate of which team would win this year's tournament, there is one team – South Africa – which last won an ICC trophy in 1998, i.e.

South Africa's election this week may be former President Jacob Zuma, whose newly formed uMkhonto weSizwe (MK) party has exceeded expectations and emerged as a major factor in the African National Congress' sharp drop in support. MK is not going to win the election and is unlikely to be a coalition partner, analysts say, while Zuma is barred from standing for parliament because of a conviction for contempt of court. But the party, which advocates nationalising land and banks and scrapping the constitution, is on course to unseat the ANC in KwaZulu-Natal, Zuma's home region.

Cricket World Cup 2023 were surrogate promotion of smokeless tobacco brands, according to a study that has called for a complete ban on promoting tobacco products in all sports. According to the study conducted by a group of experts from the Indian Council of Medical Research (ICMR) and Vital Strategies, of the total 41.3 per cent surrogate advertisements of smokeless tobacco (SLT) brands, 39.9 per cent were telecast during India's matches and 37.8 per cent during matches featuring one or both teams from South Asia (Afghanistan, Bangladesh, Pakistan and Sri Lanka). Cardamom was the main product promoted through such advertisements. «Two SLT brands, Vimal and Kamla Pasand, contributed to the surrogate SLT advertisements. While the promotion of the Vimal brand was entirely led by prominent Bollywood celebrities, former cricketers led the surrogate advertisements for Kamla Pasand,» the study that was published in the British Medical Journal in May said.

ALSO READ: T20 World Cup 2024: Top 10 squads, India vs Pakistan match details and moreLooking at the stats, in the past four years—due to the relatively high frequency of multi-nation tournaments after the COVID-19 pandemic—India and Pakistan have faced each other a number of times.Be it World Cup games, T20 or ODI, India have won all the matches, barring a resounding 10-wicket win by Pakistan during the 2021 T20 World Cup.With critics, experts and former cricketers sharing their predictions for the 9 June match, former Pakistan wicketkeeper Kamran Akmal opined that India would take away the match from Pakistan's clutches.Asked by a fan for his prediction for the fixture on Instagram, Akmal in reply said, "Definitely India!"ALSO READ: T20 World Cup 2024 full schedule: Check dates, venues, timing, livestreaming details and moreThe former Pakistani cricketer agreed with former England Michael Vaughan's opinion on current Pakistan's team's merit.ALSO READ: T20 World Cup 2024: ‘Lone wolf attack' threat during India vs Pakistan match, New York promises ‘largest security’"Over the past few days, I have wondered why a former England captain is commenting and taking Pakistan cricket non-seriously. It has been a painful thought, but I think he was correct in his assessment," Akmal said on his YouTube channel."Everybody knows the level of Pakistan cricket.

BHP Group has dropped its 38.6 billion pound or $49.3 billion bid for Anglo American

A new report has found that billions of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world

Australian mining giant BHP Group has pledged to invest in South Africa's economy as it seeks support for a 38.6 billion pound ($49.3 billion) bid to acquire Anglo American, which was founded in the country more than a century ago and remains one of it...

South Africans have voted in an election seen as their country’s most important in 30 years

LONDON: Mining group BHP Group on Wednesday walked away from its $49 billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. BHP's aim was to secure Anglo's prized copper assets in Latin America and increase access to a metal central to the global shift towards clean energy and electric vehicles. But the structure of BHP's deal, which required Anglo to unbundle its South African platinum and iron ore businesses, was a major reason for its collapse.

Ajay Gupta, one of three infamous Gupta brothers, by Indian authorities is a shot in the arm for South Africa's ruling African National Congress (ANC) and the country's President Cyril Ramaphosa in an election season. ANC is seeking re-election in Wednesday's parliamentary polls and the arrest of Ajay Gupta will enable the current ANC leadership to target former president Jacob Zuma under whose rule the Gupta brothers ran a controversial business empire in South Africa. Zuma is accused of backing the Gupta brothers in lieu of personal favours, including financial emoluments. Zuma has formed a separate entity to fight the elections, eyeing to create a rift within ANC supporters and garner votes. This is a high-stakes election for ANC.

T20 World Cup winners India held the top spot in the men's T20I team rankings ahead of the upcoming edition of the tournament, which the West Indies and USA are co-hosting from June 1-29. India have 264 rating points. Two-time champions West Indies have moved up to fourth position, their players showing some great form ahead of the T20 showpiece. The winners of the 2012 and 2016 editions of the tournament are ahead of New Zealand and South Africa after their 3-0 win over South Africa, who were pushed down to seventh position in the list led by India.

Mahatma Gandhi was significantly influenced by Richard Attenborough's 1982 movie 'Gandhi'. He also pointed out that while figures like Nelson Mandela and Martin Luther King Jr were globally renowned, the Indian government could have done more to promote Mahatma Gandhi's legacy, a legacy that has resonated across the world.

South Africans head to vote on Wednesday, May 29, the country is facing a crucial election that could end the African National Congress (ANC)'s 30-year dominance, according to an AFP report.The ANC is South African independence movement leader Nelson Mandela's political party.Polls opened at 7 am local time and will close at 9 pm local time today at 23,292 voting stations, as per a Bloomberg report. The country will see close to 28 million registered voters elect a new parliament, which will then select the president.Also Read | Neuralink brain implant: Elon Musk's company looking for three patients for long term study.