South Africa Financial News

₹717.6 crore in a bulk deal, according exchange filings. GQG Partners alone bought almost 1% stake or 16.7 million shares in JSW Energy for ₹571.4 crore, while a bunch of other investors bought the remaining stake. The energy firm’s shares touched an intraday high of ₹369.90 apiece before closing 6% up at ₹368 apiece on the BSE.

Line of Actual Control in the Western Sector. The 19th round of China-India Corps Commander Level Meeting was held at Chushul-Moldo border meeting point on the Indian side from August 13 to 14. A joint press release issued after the two-day talks did not indicate any immediate breakthrough in the disengagement of troops in the remaining friction points.

Elon Musk's X platform (formerly known as Twitter) on Tuesday delayed access to links to content on the Reuters and New York Times websites as well as rivals like Facebook and Instagram, Washington Post reported. The aforementioned affected websites suffered a delay of about 5 seconds while clicking a link on the X before the webpage loaded, citing tests it conducted yesterday, the Washington Post added. However, by afternoon the X platform eliminated the delay.

Governments globally including others like New Zealand said they are taking a 'keen interest' in not just the implementation of the Bill in the world's most populous country but also its approach to privacy regulation at large. While officials at some countries such as Norway told ET that they are even looking to introduce clauses that could mirror those in the DPDP Bill, others in countries such as South Africa said the success of the Bill was very critically tied to how the Data Protection Board (DPB) functions.

India and China held positive and constructive talks to resolve the border dispute, a statement issued by the Indian Army said on Tuesday. During the corps commander level talks on Sunday and Monday, both sides agreed that a resolution to the disputes on the Line of Actual Control should be expedited. The 19th round of India-China corps commander level meeting was held on the Indian side of the Chushul-Moldo border meeting point.

global market for light-weight, four-wheel drive tractors with its new platform, Oja, unveiled on Tuesday. According to a top company executive, Oja, built at an investment of ₹1,200 crore, is an entirely novel venture for the company, whose expertise has been rooted in “heavy, rugged" tractors. Mahindra will build multiple models on the platform across four categories—sub-compact, compact, small utility and large utility segments—with seven products set to hit the Indian and foreign markets later this year.

Cape Town: Homegrown automaker Mahindra & Mahindra is looking to tap the 2-million unit market for mid-sized pick-ups with a new global lifestyle pick-up truck that will first be launched in its key existing export markets including South Africa, Australia and New Zealand, Africa, the Middle East and South & Central America, the company announced during its global concept showcase in Cape Town on Tuesday. Mahindra is aspiring to snag a double-digit market share in these countries, where it has a rapidly growing presence, albeit with a single-digit share in the respective markets.

Autocar on 15 August. This is a Pik Up moniker, which Mahindra currently uses as the model name for its Scorpio Classic-based pickup truck in global markets. As per the report, the concept vehicle will be underpinned by a ‘next-generation ladder frame’ that will fare well in Global NCAP as well as Euro-NCAP tests.

BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.

South Africa's official unemployment rate of 33% is the highest in the world, outstripping those of Gaza and the West Bank, Djibouti and Kosovo

India on Monday pressed for early disengagement of troops in remaining friction points in eastern Ladakh during a fresh round of high-level military talks with China, people familiar with the matter said. The Indian delegation at the 19th round of Corps Commander-level talks especially called for the resolution of issues in Depsang Plains and Demchok, they said. The talks took place at the Chushul-Moldo border point on the Indian side of the Line of Actual Control (LAC) in the region.

Greece following his trip to South Africa for the BRICS summit later this month has been shaped by the fact that Greece, unlike many other western nations, has consistently supported India's position on Jammu and Kashmir for decades, said people with knowledge of the matter. What is relatively unknown is that following India's nuclear tests in May 1998, when most western countries were contemplating sanctions against India, Greece's defence minister visited India in December 1998 — the first defence minister from a NATO country to visit India after the tests — and signed a memorandum of understanding on defence cooperation, said an official.

Ahead of the BRICS summit on August 22-24 in South Africa, Russia on Friday stated that BRICS is not aimed against anyone even in current circumstances and it even does not confront the current international economic and financial institutions, rather it is designed to supplement them. Echoing India’s thoughts Russia also stated the concept of single BRICS currency needs further study indicating that it is not in favour of rushing into single currency.

Fatima Meer. Meer who was born on 12th August 1928 helped found many organizations that aimed at improving the quality of life in South Africa.

gender equality. She also helped found many organizations that aimed at improving the quality of life in South Africa. Born on 12th August 1928 in Durban, Fatima Meer helped produce her family-owned newspaper titled ‘Indian Views’ during her childhood.

World Cup of change, of unexpected early departures and tantalizing arrivals, has completed its upending of certainty and tradition. No former champion remains in the tournament with two rounds to play. Gone prematurely are the United States, with its four world championships, and Germany, with two.

Toyota has introduced the new Rumion MPV in India, which is based on the Maruti Suzuki Ertiga platform. The pricing details and booking information for the Rumion will be announced soon. This marks the fourth instance of badge-engineering collaboration between the two auto manufacturers, expanding Toyota's MPV range to encompass the entry-level Rumion, followed by the premium Innova Crysta, Innova Hycross, and the Vellfire.

Zip has appointed Cynthia Scott as its new chief executive, with co-founder Peter Gray moving to head the buy now, pay later group’s Australian and New Zealand division.

European Union rules that require proof that crops weren’t grown on deforested land, which producers say will add to the cost of making food. The latest example of the backlash comes from Brazil, the biggest global exporter of coffee and soybeans. Just this week, the nation’s agriculture minister, Carlos Fávaro, lashed out against the ban, casting doubt on whether it complies with the principles of the World Trade Organization. He added that Brazil is seeking to boost trade with others outside of the EU, including within the five-nation BRICS bloc that also includes Russia, India, China and South Africa. Brazil is already a steward of the environment, Fávaro said. “If Europe does not want to understand that, there are others that recognize what Brazil does,” he said. Complying with the new rules will involve implementing full traceability to complex production chains — a task that’s likely to be complicated and expensive. The requirement will apply to a wide range of products, from meat to palm oil, and that will add to agricultural costs at a time when food inflation is once again starting to pick up. Higher prices won’t just impact buyers in Europe. Since the market is so large, growers will likely need to adopt the new practices quite broadly. Consumers around the globe could end up footing the bill as producers pass on the new costs.

Elon Musk's house is out in public. So where does the Tesla CEO live? Not many people are aware, Musk lives in a 2-bedroom house. Musk, whose net worth is $225,000,000,000 ($225 billion), sold his five grand houses in 2020 and moved to a tiny residence in Boca Chica, Texas.

The much-awaited encounter between India and Pakistan in the ICC Men's Cricket World Cup 2023 has been rescheduled to a different day, along with this eight other matches of the tournament have also been changed. The clash between India and Pakistan was originally slated to take place in Ahmedabad on Sunday, 15 October, but this has been moved a day earlier and will now be held at the same venue on Saturday, 14 October.