South Africa Financial News

CCI on Tuesday cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram General Insurance Company Ltd. Shriram General Insurance Company is a joint venture between Shriram Capital and Sanlam Ltd (South Africa). It is an Irdai-licensed company, offering a wide range of general insurance solutions.

At least $1 trillion of government securities traded daily in the most populous nation and biggest democracy is poised to become the darling of international investors when India this year joins the benchmark for emerging-market debt compiled by JPMorgan Chase & Co. India's entry following Russia’s exclusion after Vladimir Putin's 2022 invasion of Ukraine (and 2014 seizure of Crimea) and when China's sovereign debt is losing its luster, will make Asia's third-largest economy a beneficiary of as much as $40 billion of inflows during the next 18 months, according to Goldman Sachs Group Inc.

Former deputy NSA K.T. McFarland discusses the U.S. and U.K. strikes on Houthi forces in Yemen on ‘Maria Bartiromo’s Wall Street.’

Israeli strikes have hit Gaza City and soldiers are battling militants in southern Gaza after the U.S. said it was time to scale back operations

As Africa‘s Web3 landscape gains momentum, it faces significant regulatory hurdles that threaten to stifle its transformative potential.

India vs Afghanistan, 2nd T20: The youngsters of Team India on Sunday displayed some exceptional cricketing skills to take ‘Men in Blue’ to their second victory against Afghanistan and clinch the series by 2-0. Yashasvi Jaiswal and Shivam Dube played a stunning innings to take the game home by 6 wickets. The only thing that sunk the hearts of Indian fans was Rohit Sharma's second consecutive dismissal on a duck.

Israel on Sunday, killing two civilians and renewing concerns about the risk of a second front erupting in the Israel-Hamas war. The deadly strike near the border came on the 100th day of the conflict between Israel and Hamas that has killed nearly 24,000 Palestinians, devastated vast swaths of Gaza, driven around 85% of the territory's 2.3 million residents from their homes and pushed a quarter of the population into starvation. The war was triggered by Hamas' Oct. 7 surprise attack into southern Israel in which militants killed some 1,200 people, mostly civilians, and took around 250 hostages, about half of whom are still in captivity. Since then, tensions have soared across the region, with Israel trading fire almost daily with Lebanon's Hezbollah militant group and Iranian-backed militias attacking U.S.

shipments from India declined 21% last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5% to 6,77,956 units last year from 6,44,842 units in 2022. However, other segments like commercial vehicles, two-wheelers and three-wheelers saw a decline in exports last year. Two-wheeler exports slipped 20% to 32,43,673 units last year from 40,53,254 units in 2022. Similarly, commercial vehicle shipments declined to 68,473 units last year from 88,305 units. Three-wheeler exports declined 30% to 2,91,919 units last year from 4,17,178 units. Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in 2023, passenger vehicle exports were driven by vehicle launches and pent-up demand in markets like South Africa and the Gulf. «The increase can also be attributed to a smoother supply chain as compared to the previous year, wherein there were supply-side disruptions, including that of semiconductors.

NEW DELHI : Automobile shipments from India declined 21% last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest Society of Indian Automobile Manufacturers (SIAM) data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5% to 6,77,956 units last year from 6,44,842 units in 2022.

By Estelle Shirbon

overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022.

South Africa says more than 50 countries have expressed support for its case at the United Nations' top court accusing Israel of genocide against Palestinians in the war in Gaza. Others, including the United States, have strongly rejected South Africa's allegation that Israel is violating the U.N. Convention on the Prevention and Punishment of the Crime of Genocide. Many more have remained silent.

₹6,045 per bbl, having swung between ₹6,007 and ₹6,236 per bbl during the session, against a previous close of ₹6,033 per barrel. -While the diversions by oil tankers were expected to push up the cost and time it take to transport oil, supplies have not yet been impacted, analysts and industry experts noted, easing some of the earlier gains in prices. Analysts said that if the conflict were to spread to the other side of the Arabian peninsula, oil markets may react much more significantly.

Chris Morris, a former all-rounder from South Africa, was once the most expensive player in Indian Premier League (IPL) history. In the 2021 auction, the Rajasthan Royals won the bidding war over the Punjab Kings by selecting him with an incredible INR 16.25 crore bid. Then in 2023 after two years his record was beaten by Sam Curran who was taken in by the Punjab Kings with INR 18.50 cr Morris said that although it will put pressure on Starc, the pacer will be able to justify it with his experience and performances. Just hours after his captain, Pat Cummins, broke the Rs 20 crore barrier when acquired by Sunrisers Hyderabad (SRH), Starc made history by being the most expensive player in IPL history when he was purchased by KKR for an incredible Rs 24.75 crore at the Dubai auction in December of last year. It's really good.

Hamas terrorists barged into Israel's territory from Gaza and killed around 1,400 civilians. The terrorists also took more than 200 people with them as hostages and is using them to negotiate with Israel. The judges of the UN's top legal body heard strong arguments from both sides and likely to deliver the verdict in the case soon.

Israel is rejecting allegations levied by South Africa that its campaign against Hamas amounts to genocide against the Palestinian people

Jan. 5-11, 2024

Joe Biden faced vocal opposition during his visit to Pennsylvania on January 12, with protesters expressing discontent over his support for Israel in its conflict with Hamas in Gaza, NDTV reported. Demonstrators could be heard shouting, "No vote for genocide, Joe," while others referred to the president as a "loser" and urged him to "go home", it said. Sources told the publication that Biden left Pennsylvania without delivering his prepared speech.

Indian Men's Cricket Team has included four spinners in its squad for the first two tests against England but experienced fast bowler Mohammed Shami is not yet fit to take part. Wicketkeeper-batter Dhruv Jurel has received a maiden call-up for the Indian Test squad for the first two Tests. India named four spinners--Ravichandran Ashwin, Ravindra Jadeja, Axar Patel and Kuldeep Yadav--in their Test squad for the first two matches.

Israel described the allegations leveled by South Africa as hypocritical and said one of the biggest cases ever to come before an international court reflected a world turned upside down. Israeli leaders defend their air and ground offensive in Gaza as a legitimate response to Hamas' Oct. 7 attack, when militants stormed through Israeli communities, killing some 1,200 people and taking around 250 hostage.

Reuters, “In these circumstances, there can hardly be a charge more false and more malevolent than the allegation against Israel of genocide." ALSO, READ: South Africa drags Israel to UN court over Gaza, here are top developments Israel presented a chilling video and audio to a hushed audience to highlight what happened on 7 October when Hamas attacked the country. “They tortured children in front of parents and parents in front of children, burned people, including infants alive, and systematically raped and mutilated scores of women, men and children," Becker said.