South Africa Financial News

consumer spending is set to rise, particularly in clothing, personal care (12%), and recreation, entertainment, and leisure (14%). These trends hint at increased spending as the festive season nears, it added. Each sector is representing a different mood, said Singh.

South Africa will host a meeting of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town ...

Reclusive online gambling mogul Martin Moshal is playing an increasingly influential role in a push to oust the South African government.

By Valerie Volcovici

ALSO READ: 'That's destruction, annihilation': Shoaib Akhtar lauds Mohammed Siraj for his lethal 6/21 at Asia Cup 2023 final Earlier in March, Siraj lost the top spot but has now gone past star bowlers like Trent Boult, Rashid Khan, and Mitchell Starc. His return to the top of the rankings is a significant boost for India, considering the World Cup is to be played in India.

Danish pharmaceutical company Novo Nordisk has signed a deal with South Africa’s Aspen Pharmacare to produce human insulin specifically for diabetes patients in Africa where there is a dire need for the life-saving treatment

the deadliest sexually transmitted sickness of all time. The struggle involves not only dazzling science but also old-fashioned insights into human behaviour, rational and irrational. Many people who do not have HIV, the virus that causes AIDS, know they are at risk.

Global Biofuel Alliance. In this editorial, we will dig into this agreement and find out how India benefits from this. Read on… Biofuels are fuels from biomass such as animals, plants and algae.

Torrent Pharmaceuticals is in talks with private equity funds CVC Capital Partners and Bain Capital. The Indian pharmaceutical is planning to raise up to $1.5 billion to bid for Cipla, reported Reuters citing sources familiar with the matter. Torrent and Blackstone are among those interested to acquire a stake in Cipla, India's third-biggest drugmaker by sales, in what could be the largest pharma deal in India ever.

South African cricketer Quinton de Kock has confirmed his intention to retire from One Day Internationals (ODIs). De Kock, who has been a part of the South African cricket setup for over a decade, disclosed that the monetary temptation of T20 leagues had played a significant role in his decision. Although the player has represented the South African team loyally for 11 years, he stated that the financial benefits of T20 leagues are hard to overlook, particularly as he nears the end of his career.

International Cricket Stadium in Colombo, the lowest score ever recorded was not even 40. Meanwhile, Indian pacer Mohammed Siraj dismissed six Sri Lankan batters in his 6-over spell. The Sri Lankan innings is over in just 15.2 overs and the team is all-out for a total of 50 runs.

India's ambitious project Cheetah on Sunday completed one year after the first batch of eight Namibian cheetahs was released in Madhya Pradesh's Kuno National Park (KNP) by Prime Minister Narendra Modi on his birthday on September 17, 2022. Subsequently, twelve cheetahs from South Africa were also translocated and released in Kuno National Park in February 2023. These cheetahs represent a big feather in India's cap for restoring natural treasures. The entire project was implemented under the meticulous supervision of the expert team consisting of Government officials, Scientists, Wildlife Biologists and Veterinarians belonging to Namibia, South Africa and India, the Ministry of Environment, Forest and Climate Change stated. Out of the above 6 criteria given in the action plan for assessing the short-term success, the project has already met four criteria namely: 50 per cent survival of introduced cheetahs, the establishment of home ranges, the birth of cubs in Kuno and the project has contributed revenue to the local communities directly through the engagement of cheetah trackers and indirectly by way of appreciation of land value in the surrounding areas of Kuno, it stated. The Ministry further stated «The challenging inter-continental, wild to wild, Cheetah translocation by air, from Namibia and South Africa to India is the first ever such effort undertaken in the world to rectify the ecologically wrong done in the past.

By Siyabonga Sishi

Sri Lanka's match against Pakistan, Maheesh Theekshana was seen struggling with his hamstring and was repeatedly going off the field with the physiotherapist. The development comes as a big blow for the Sri Lankan bowling attack which was led by Maheesh Theekshana.

G20 summit in Delhi was a “Chandrayaan landing moment” for the Indian Foreign Service as New Delhi converted a diplomatic event into “a people’s movement,” said Muktesh Pardeshi, Special Secretary in charge of summit operations, and eminent diplomats who participated in a post-summit conference. “India converted a diplomatic event into a people’s movement. It was a Chandrayaan landing moment for the foreign service,” said Pardeshi at a panel discussion on key outcomes of the September 9-10 G20 summit in New Delhi. “G20 has touched the hearts of people — that’s the real success of our Presidency,” said Mr Pardeshi, who played a pivotal role in organising around 200 preparatory meetings in the run-up to the New Delhi summit. “The transformative journey, exemplified by the G20 presidency, transcended the confines of a diplomatic event.

₹91 crore. India’s top oil firm IOC will give ₹50.22 crore for this project as a CSR (Corporate social Responsibility).

OTT platforms are continuously delivering fresh content, catering to various tastes, be it action, drama, romance, or mystery. This week's lineup of new releases on popular OTTs like Disney Plus Hotstar, Netflix, and Amazon Prime Video promises a little something for everyone. Here's a list of the most promising releases this week, from “Love at First Sight," "A Million Miles Away " to "Kaala," "Wilderness," and more.

U.S.-based pharmaceuticals company Johnson & Johnson is being investigated in South Africa for allegedly charging “excessive” prices for a key tuberculosis drug

Eighteen months after Russia’s invasion of Ukraine, Western countries still haven’t swung the developing world behind supporting Kyiv. Europe, Ukraine and the U.S. have successfully orchestrated several United Nations votes condemning Russia’s invasion.

₹5,809.91 crores from ₹3,056.22 crores in the previous year. Among its key international subsidiaries, UOH Inc owning US hotels registered a turnover of ₹657.69 crores and St.

Vedanta Resources has appointed South African mining veteran Chris Griffith to run its base metals unit, including its recently regained Zambian copper mines. Griffith stepped down as chief executive of Gold Fields in December, after a short stint at the Johannesburg-based gold producer, following an unsuccessful bid to buy Canadian Yamana Gold. Much of Griffith's career has been at Anglo American where he ran Kumba Iron Ore and was instrumental in restructuring and turning around Anglo American Platinum . Griffith will head Vedanta's base metals unit, including zinc mines in Namibia and South Africa, an iron ore business in Liberia and will have oversight over processing businesses in the Middle East and India. A mining engineer, Griffith will probably be more focused on restoring Konkola Copper Mines to profitable operation after the Indian company was given back control of the assets by Zambian authorities after years of protracted battle over the ownership. «I look forward to driving innovation, operational efficiency and sustainable growth across Vedanta's base metals businesses, creating KCM as a cornerstone asset for the company and growing the group internationally,» he said in a statement. Vedanta has pledged to invest about $1 billion in the Zambian operation, where some of its underground mines «need immediate recapitalisation», Mines Minister Paul Kabuswe said on Sept.