South Africa Financial News

Australia, who recently suffered a loss to South Africa in the third ODI of their series, has opened the door for India to reclaim the top spot they held until March 22 of this year. Presently, both Australia and Pakistan share the number 1 spot of the ICC ODI standings, with 118 points each, while India is closely trailing behind at the second spot with 116 points. Pakistan's upcoming Super Four match against Sri Lanka in the Asia Cup has immense significance, as it could impact their joint No.

the Taliban minister of finance led an axe-wielding wrecking crew to smash up thousands of the pre-Islamic artefacts bequeathed by Afghanistan’s staggeringly rich history. Determined to prevent a repeat performance, museum employees camped for nights on end in the battered 1920s Kabul villa that houses its collections. Yet this time the Taliban have shown no interest in demolishing the museum’s thousand-year-old statues of Buddha and pagan wooden effigies of Nuristan (many of which have been laboriously stuck back together by museum staff over the past two decades).

Mint journalist Nandita Venkatesan on Wednesday was named in the top 100 emerging leaders globally in TIME magazine’s TIME100 Next list, following her successful challenge against a patent renewal application earlier this year for a key tuberculosis drug. Venkatesan, 33, shared the honour with her co-petitioner Phumeza Tisile, a South African health activist. Both Venkatesan and Tisile are tuberculosis survivors who lost their hearing due to side effects of a drug administered to them.

Ngozi Okonjo-Iweala on Wednesday said food security, reform of the multilateral trade watchdog, development agenda, moratorium on ecommerce transactions, and fisheries subsidies agreements are the deliverables for the ministerial conference (MC) next year. She also said that work is on to introduce «deliberative sessions» at the MC13 for ministers to discuss issues related to carbon taxes, climate, MSMES, women, industrial subsidies and trade. «For MC13, we're trying to get a breakthrough in food security and agriculture but the issues are tough. Some members want to look at trade distorting subsidies and others want to work on stockholding (issues) like India,» she said. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed.

Indian tourists annually before the pandemic, South African Tourism anticipates a large resurgence in Indian travellers due to a new e-visa pilot programme. Neliswa Nkani, hub head for the Middle East, India, Southeast Asia, and Australasia (MEISA) for the tourism board, said the introduction of a direct flight by Air India could boost tourism, potentially transforming how Indians travel to South Africa. Nearly 100,000 Indians travelled to South Africa every year before the pandemic began in 2019.

Elon Musk. By Walter Isaacson. Simon & Schuster; 688 pages; $35 and £28 Judging by the umpteen biographies written about Elon Musk, the world’s richest man is also among its most intriguing.

GENEVA (Reuters) — Global tensions have started to fragment trade as rival trading relationships form, the World Trade Organization (WTO) said on Tuesday, but argued it is premature to declare that globalisation has gone into reverse.

BRICS Summit held in South Africa and the G20 Summit that just concluded in India, have intrigued the world with their agenda to declare themselves as true representative voices of the Global South, which refers to developing countries. Such representation suggests political and ideological opposition to a Western dominated world order, aimed at others claiming their rightful place as equal players in world affairs.

JOHANNESBURG—Walmart’s investment in Africa tanked. It is responding by doubling down. More than a decade ago, Walmart spent $2.4 billion to buy a controlling stake in South African retailer Massmart, which also had operations in a dozen other sub-Saharan countries.

G-20 Summit, describing its outcome as a diplomatic victory for Prime Minister Narendra Modi who is pushing to increase the country's influence on the world stage and pressing for reforms in global institutions, including the United Nations. India managed to hammer out the unexpected consensus among the G20 countries on the contentious Ukraine conflict through a series of hectic negotiations with emerging economies such as Brazil, South Africa and Indonesia playing a leading role in reaching the agreement on the declaration on the first day of the summit. The New Delhi summit declaration also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of the exchange of tax-relevant information on crypto assets by 2027. «Some experts saw the agreement as a win for Russia, while others read it as an achievement for the West.

₹900 crore. The funds will be used for research and development, particularly artificial intelligence and to scale its SaaS offerings, including the launch of new products, the Mumbai-based company stated.

Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia. I want to say that it was the emerging markets which played a very key role. There was very tough, very ruthless negotiations for several days non-stop," said India’s G20 Sherpa Amitabh Kant during a press briefing.

As India handed over the G20 Presidency to Brazil, the member nations have committed to harnessing artificial intelligence (AI) technology in a responsible manner in addition to planning for a future involving crypto assets and central bank digital currencies (CBDC).

da Silva, on Monday expressed his wish for the Russia-Ukraine war to conclude and for a return to normalcy when the next G20 Summit in Brazil begins. As reported by ANI, Lula said, “I do not know the reason why President Putin and Xi Jinping did not participate here but I will invite them and I hope that they will come to Brazil and participate in the Summit. I hope that when we open the Summit in Brazil, the war has ended and we are back to normal times." Luna further added, “I would like to congratulate India for organising the Summit exceptionally well.

Ukraine conflict is a «convergent consensus» rather than a «divisive consensus» and it could show a path to resolution of the crisis, official sources said on Sunday, a day after India pulled of a breakthrough on the contentious issue. It was a combination of Prime Minister Narendra Modi's guarantee and magic, the sources said while referring to total unanimity among the member nation's on the entire New Delhi G20 Leaders' Declaration. India managed to hammer out the unexpected consensus among the G20 countries on the contentious Ukraine conflict through a series of hectic negotiations with emerging economies such as Brazil, South Africa and Indonesia playing a leading role in reaching the agreement on the declaration. It is important to look at the nature of the consensus with the document as the declaration actually reflects «47 sub-consensus» in a range of issues, the sources said. Explaining it, they said the declaration has around 10 broad themes and 37 sub-heads and all the countries agreed on all of them. Overall, the outcome at the G20 summit demonstrated India and its leadership as a «junction box of democratic values», the sources said. The paragraphs on the Ukraine conflict in the New Delhi declaration must not be looked at from the perspective of last year's Bali declaration, they said. «It is a convergent consensus rather than a divisive consensus,» said one of the sources, noting that the approach that featured in the declaration reflected a «stable» framework to deal with the crisis while divisive consensus is always «fragile». «The story of the consensus is a remarkable one and the overall approach in the document reflected a larger context.

G20 Summit here congratulated Prime Minister Narendra Modi on the success of Chandrayaan-3, with IMF Managing Director Kristalina Georgieva hailing India for achieving the feat «in a budget less than that of the movie Interstellar», according to sources. During various sessions and meetings of the G20, many world leaders showered praise on India for its lunar mission and also lauded the successful launch of Aditya L1, India's first space-based mission to study the Sun. While the British Prime Minister Rishi Sunak congratulated India and the entire world for Chandrayaan-3, South African President Cyril Ramaphosa hailed the country for the feat and recalled that he had watched a telecast of the lunar landing while taking a break during the BRICS meeting, sources said. «I congratulate you on the Moon landing.

New Delhi: India’s presidency of G20 or the Group of 20 has been able to bring all member countries to the table on the issue of war in Ukraine and brought to the fore the voice of the emerging markets as moderators, said foreign policy experts, highlighting the country's heritage as the voice of reason. The New Delhi Declaration issued on the first day of the two-day G20 Summit set the direction of future negotiations on important economic issues including climate financing which has for the first time put $5.9 trillion number to the green financing requirements for developing countries, reforms in multilateral banks, international taxation and sustainable development.

New Delhi G20 declaration is a «major step forward in this effort», a senior US official said on Sunday. Principal Deputy National Security Advisor of the White House Jon Finer told the media on board Air Force One that the joint statement issued yesterday builds on the Bali G20 declaration and UN resolutions to send «an unprecedented unified statement on the imperative that Russia refrains from using force for territorial acquisition» and abide by UN charter. «The G20 Countries have signed up to the Bali language (declaration) last year and the vast majority of G20 countries have supported multiple UN resolutions that call out Russia's illegal aggression.

G20 Summit, which saw member nations soften their condemnation of Russia for its war in Ukraine. Unlike the 2022 Bali Declaration, the joint declaration in Delhi did not directly name and condemn Russia for its war in Ukraine. This approach has come in from criticism from some quarters.

US President Joe Biden at Delhi's Raj Ghat during the latter's visit to pay homage to the father of the nation, Mahatma Gandhi, in the national capital on Sunday. As President Biden arrived at Raj Ghat, PM Modi welcomed him and presented a gift of khadi. French President Emmanuel Macron and Indonesian President Joko Widodo both visited Delhi's Rajghat to pay their respects to Mahatma Gandhi and lay wreaths.CATCH ALL LIVE UPDATES OF G20 SUMMIT HERE

China weakened last month, underscoring the precarious nature of the nation’s recovery. Separate data showed the euro-area economy barely expanded in the second quarter, which may feed policymakers’ worries about stagflation taking hold. Meantime, South Africa’s economy grew by more than expected in the period, driven by finance and manufacturing. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: