South Africa Financial News

Donald Trump prepares for his second term as US President, his aggressive trade stance is already creating ripples in the global economy. A key element of his protectionist policies is the threat of imposing 100% tariffs on BRICS countries, including India, if they move away from using the US dollar in international transactions. This bold stance, declared through a scathing social media post, could have severe consequences for India’s exports, particularly in critical sectors such as pharmaceuticals, textiles, and information technology. Trump’s remarks come in response to discussions among BRICS nations, which include Brazil, Russia, India, China, and South Africa, regarding the possibility of reducing their reliance on the US dollar for trade. A summit held in Russia in October focused on increasing local currency transactions, a move that Trump has now vowed to challenge. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote, warning that any country attempting to replace the dollar with another currency would face significant tariff hikes. Also Read: Trump threatens 100% tariff on BRICS countries over currency plans

China which is claimed to be containing approximately 1,000 metric tons of gold eventually valued at around 600 billion yuan (US$83 billion), reported Science Alert. According to Science Alert, this find which is being reported by Chinese state media could actually be the largest gold reservoir ever uncovered while surpassing the 900 metric tons found in South Africa's South Deep mine. The Geological Bureau of Hunan Province identified 40 gold veins at a depth of 2 kilometers in Pingjiang County while initial estimates suggest that these veins alone hold 300 metric tons of gold. Also Read:Cyber Monday 2024: Target and Walmart unleash massive discounts | Top Deals

Venue : SuperSport Park, Centurion South Africa Women squad - Anneke Bosch, Laura Wolvaardt, Tazmin Brits, Annerie Dercksen, Chloe Tryon, Nadine De Klerk, Sune Luus, Faye Tunnicliffe, Sinalo Jafta, Ayanda Hlubi, Eliz-Mari Marx, Nondumiso Shangase, Nonkululeko Mlaba, Tumi Sekhukhune England Women squad - Alice Capsey, Danni Wyatt-Hodge, Heather Knight, Maia Bouchier, Paige Scholfield, Sophia Dunkley, Freya Kemp, Nat Sciver-Brunt, Amy Jones, Seren Smale, Charlie Dean, Lauren Bell, Lauren Filer, Linsey Smith, Sarah Glenn, Sophie Ecclestone South Africa Women vs England Women Match Details 3rd T20I of England Women tour of South Africa, 2024 between South Africa Women and England Women to be held at SuperSport Park, Centurion at 09:30 PM.

Eskom with a Powerplant Control Room simulator to train locals in Eskom's plans to renew and repurpose its power stations across the country, an official has said. The announcement was made on Friday after representatives of a dozen Indian energy companies met Eskom executives on the sidelines of the Urja Matla Energy Conference. The conference was hosted by the Indian Consulate General and the Wits Business School. Harish Kumar, Commercial Representative and Head of Chancery at the Indian Consulate in Johannesburg, said at the meeting that India was ready to help Eskom in renovation and modernisation, equipping them with efficient systems through supercritical and ultra supercritical sets, emission control, and latest technologies in transmission and distribution.

Dr Reddy's Laboratories on Wednesday announced the launch of toripalimab, an immune oncology drug to treat adults with a rare and aggressive form of head and neck cancer that originates in the nasopharynx, the upper part of the throat. Toripalimab, a new biological entity (NBE), is approved by various regulatory authorities around the world including the US Food and Drug Administration, European Medicines Agency and Medicines and Healthcare products Regulatory Agency for the treatment of adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). Last year, Dr Reddy's entered into a licence and commercialisation agreement with Shanghai Junshi Biosciences Co. for toripalimab. Under this agreement, it obtained exclusive rights to develop and commercialise the drug in 21 countries including India, South Africa, Brazil and various countries in South America. The agreement also allows Dr Reddy's to expand the scope of the licence to cover Australia, New Zealand and nine other countries.

Lalit Modi, the visionary founder of the Indian Premier League (IPL), has disclosed that his abrupt exit from India in 2010 was triggered by life-threatening warnings from underworld don Dawood Ibrahim. Speaking on Raj Shamani’s Figuring Out podcast, Modi said: “I did leave the country when there was a death threat to me. There was no legal case to start with. Dawood Ibrahim made the threat to me first after IPL-1 because I was also anti-corruption. I didn’t allow any… I was a very strict anti-corruption commissioner.”

Venue : Willowmoore Park, Benoni South Africa Women squad - Anneke Bosch, Laura Wolvaardt, Tazmin Brits, Annerie Dercksen, Chloe Tryon, Nadine De Klerk, Sune Luus, Faye Tunnicliffe, Sinalo Jafta, Ayanda Hlubi, Eliz-Mari Marx, Nondumiso Shangase, Nonkululeko Mlaba, Tumi Sekhukhune England Women squad - Alice Capsey, Danni Wyatt-Hodge, Heather Knight, Maia Bouchier, Paige Scholfield, Sophia Dunkley, Freya Kemp, Nat Sciver-Brunt, Amy Jones, Seren Smale, Charlie Dean, Lauren Bell, Lauren Filer, Linsey Smith, Sarah Glenn, Sophie Ecclestone South Africa Women vs England Women Match Details 2nd T20I of England Women tour of South Africa, 2024 between South Africa Women and England Women to be held at Willowmoore Park, Benoni at 09:30 PM.

Subscribe to enjoy similar stories. Mergers and acquisitions (M&As) are likely to get a boost in 2025 on the back of increased political clarity after a year of key national elections globally and a cooling initial public offering (IPO) market, top executives at Investec Bank Plc said in an interview with the Mint. “2024 was clearly a year of significant uncertainty.

Virat Kohli scored his 81st international century against Australia during the first Border-Gavaskar Trophy at Perth's Optus Stadium on Sunday. Virat slammed his first Test century in SENA (South Africa, England, New Zealand and Australia) conditions in almost six years, breaking the Test ton curse at Perth with an unbeaten knock that witnessed him play plenty of 'Vintage Kohli' shots. His last ton in SENA came in December 2018 in Australia, at the same venue Taking to X after his century, South Africa's batting legend AB de Villiers called Virat as the 'Greatest of All Time (GOAT)'.

Venue : Buffalo Park, East London South Africa Women squad - Anneke Bosch, Laura Wolvaardt, Tazmin Brits, Annerie Dercksen, Chloe Tryon, Nadine De Klerk, Sune Luus, Faye Tunnicliffe, Sinalo Jafta, Ayanda Hlubi, Eliz-Mari Marx, Nondumiso Shangase, Nonkululeko Mlaba, Tumi Sekhukhune England Women squad - Alice Capsey, Danni Wyatt-Hodge, Heather Knight, Maia Bouchier, Paige Scholfield, Sophia Dunkley, Freya Kemp, Nat Sciver-Brunt, Amy Jones, Bess Heath, Charlie Dean, Lauren Bell, Lauren Filer, Linsey Smith, Sarah Glenn, Sophie Ecclestone South Africa Women vs England Women Match Details 1st T20I of England Women tour of South Africa, 2024 between South Africa Women and England Women to be held at Buffalo Park, East London at 05:30 PM.

Subscribe to enjoy similar stories. With this year’s global summits on biodiversity (CoP-16) and climate change (CoP-29) done and the one on desertification (CoP-16) fast approaching, the consequences of the climate emergency are evident everywhere. Floods have ravaged central Europe, super-typhoon Yagi has just struck Southeast Asia, and Hurricanes Helene and Milton have wreaked havoc in the southeastern US.

Subscribe to enjoy similar stories. YOU WOULD have thought Elon Musk was busy enough building brain implants, electric cars, grid-scale batteries, robots, rockets, satellites and tunnelling machines. Apparently not.

Digital Public Infrastructure (DPI), Artificial Intelligence and data for governance amid global economic growth at just over 3%, its lowest rate since the turn of the century. Accelerating progress towards the SDGs requires inclusive digital transformation.

South African authorities are embroiled in a standoff with an unconfirmed number of illegal miners who remain underground at an abandoned mine, apparently fearing arrest by police officers at the site

The partnership between the two firms means that Ninety One will take ownership of Sanlam's active asset manager, Sanlam Investment Management.  As part of the agreement, Sanlam will also appoint Ninety One as the investment manager of Sanlam Investments UK, taking ownership of the balance sheet assets, third-party assets and relevant investment professionals involved in the strategies. In recognition of the £17.4bn of assets transferred from Sanlam, 80% of which reside in South Africa, Ninety One said it intends to issue shares to Sanlam, amounting to an approximate stake of 12.3% of...

Subscribe to enjoy similar stories. Last month’s Brics summit in Kazan, Russia, was, like all summits, heavy on photo ops. And it yielded a second act that was similarly heavier on symbolism than substance: the release of a report by the Russian finance ministry and central bank on “improvement of the international monetary and financial system," by which Russian officials obviously meant “finding an alternative to the weaponized dollar." Expressions of dissatisfaction with the dominance of the dollar over global money and finance go back at least to French finance minister Valéry Giscard d’Estaing in 1965, who famously lamented the greenback’s “exorbitant privilege." Indeed, the desire for an alternative played no small part in the creation of the euro 34 years later.

Dhananjaya de Silva will lead Sri Lanka in a two-match Test series away against South Africa later this month, the country's cricket board said Tuesday. The opening Test starts November 27 in Durban, followed by one in Gqeberha on December 5. The series is part of the ICC World Test Championships, where Sri Lanka are currently ranked third and South Africa fifth.

Shafali Verma was on Tuesday dropped from India's 16-member women's team for the three-match ODI series in Australia in December after a string of poor performances in the past year. The BCCI selectors seem to have once again lost patience with the 20-year-old right-handed batter, whose recent ODI form has been disappointing. Shafali has scored just 108 runs in six matches this year with 33 being the highest. She was dropped in December last year from the team midway during the home ODI series against Australia on the basis of her poor run, before making a comeback against South Africa in June this year in Bengaluru. In fact, the youngster, rated as the next big thing in Indian women's cricket when she broke into the team in 2021, has not scored a ODI half century since making an unbeaten 71 against Sri Lanka in Pallekele in July 2022. Her next highest score was a 49 against the same opponent in the same series.

PM Narendra Modi while addressing the maiden session of the Rio G20 Summit on Monday pointed out that the countries of the Global South are most adversely impacted by the food, fuel and fertiliser crisis caused by global conflicts (read Ukraine and Gaza) and in that context supported Brazil's initiative for a 'Global Alliance against Hunger and Poverty'. Addressing the session titled 'Social Inclusion and the Fight Against Hunger and Poverty', Modi noted that the G20 discussions can only be successful when «we keep in mind the challenges and priorities of the Global South». «This is an important step towards the implementation of the Deccan high-level principles for Food security, adopted at the New Delhi Summit.» Simultaneously, the PM called for reforms of the global institutions which has also been a key priority at the Brics as well as for G20 hosts Brazil and South Africa, among other countries. «And just as we amplified the voice of the Global South by granting permanent membership of G20 to the African Union during the New Delhi Summit, we will reform institutions of global governance.» The second session of the G20 Summit focused on reforms of Global institutions.

Prince William's insult to ailing King Charles exposed that self-interest is triumphant. Without cunning sons, cunning fathers, cunning uncles, brothers, friends, dukes, earls, French cousins, and some queens' Machiavellian boyfriends vying for control of the throne, British royal history would be incomplete. However, witnessing it firsthand is a completely different matter, as quoted in a report by The New York Post. Only this week has Prince William gone out and done a significant new interview regarding his style of governance, effectively throwing his beloved father, King Charles, under a London bus and implying that his reign is a bit of a farce.

Rajasthan Royals (RR) is finalising their strategy for the upcoming IPL 2025 mega auction scheduled for November 24 and 25 in Jeddah. Having retained six key players, the team has Rs 41 crore remaining to complete its roster. The team is preparing for the 2025 Indian Premier League (IPL) auction with a limited budget and big decisions to make. RR has opted to retain their captain, Sanju Samson, along with Yashasvi Jaiswal, Riyan Parag, Dhruv Jurel, Shimron Hetmyer, and uncapped player Sandeep Sharma. This decision has been driven by a strategic approach outlined by the team management.