South Africa Financial News

South Africa says Russian President Vladimir Putin will not attend an economic summit in Johannesburg next month

Vladimir Putin will not attend a BRICS nations summit in South Africa next month, the country's presidency said on Wednesday, ending months of speculation. Putin's potential visit has been a thorny diplomatic issue for South Africa. The Russian leader is the target of an International Criminal Court arrest warrant — a provision that Pretoria as an ICC member would be expected to implement were he to set foot in the country. «By mutual agreement, President Vladimir Putin of the Russian Federation will not attend the summit, but the Russian Federation will be represented by Foreign Minister Mr (Sergei) Lavrov,» Vincent Magwenya, a spokesman for President Cyril Ramaphosa, said in a statement. The decision follows «a number of consultations» held by Ramaphosa in recent months, the most recent of which took place «last night,» Magwenya said.

Times of India has stated.   The Gujarat government sources told TOI that the city have been preparing to bid for 2030 Commonwealth Games and have been setting itself up for the infrastructure. The state had earlier set its target to complete the work by 2028, however, sources added that work will be completed before the 2026 games.

Russian president is invited. He was responding to a petition by South Africa’s largest opposition political party, the Democratic Alliance, that asked a court in Pretoria to force the government to arrest Putin if he attended the summit. Putin is the subject of an arrest warrant as per the International Criminal Court (ICC) if he leaves Russian soil.

South Africa’s president says that arresting Russian President Vladimir Putin — should he show up at an economic summit next month in Johannesburg — would amount to a “declaration of war” by his country

London | Britain will not ride straight to the rescue of the Commonwealth Games, throwing the onus back on Australia to sort out the crisis caused by the Victorian government’s shock decision to pull out of hosting.

WTO) Bali conference that prevents legal action against any developing nation that breaches the food subsidy limits specified in the agreement on agriculture. At an agriculture negotiation meeting at the WTO on Monday, the US said India’s expansion of support to its rice and wheat farmers has negative spillover effects. India has invoked the clause thrice. “India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed. Developing countries’ food subsidies are protected by an interim peace clause which shields food procurement programmes against action from WTO members in case the subsidy ceilings—10% of value of food production in the case of India and other developing countries—are breached.

South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project.

Brics (Brazil, Russia, India, China, South Africa) forum. “We have not signed any official contracts and partnerships so far. However, next year, we’ll be discussing this on the platform of Brics.

Earlier this month the Reserve Bank of India (RBI) released a report on the rupee’s internationalization. If our currency is used to settle our export/import transactions, it shifts exchange-rate risk to our counterparts, which is a big plus for our firms. In parallel, there has also been talk about a BRICS (Brazil, Russia, India, China and South Africa) currency along special-drawing-rights lines.

After a bi-lateral meeting with India's finance minister Nirmala Sitharaman on the sidelines of a G20 meeting, Yellen said the two nations have been collaborating across a range of economic issues, including commercial and technological collaboration and strengthening supply chains. «In particular, we look forward to working with India on an investment platform to deliver a lower cost of capital and increased private investment to speed India's energy transition,» she said in a statement while attending the G20 in Gandhinagar, the capital of Gujarat, one of India's most industrialised states.

Jairam Ramesh Monday alleged that the National Tiger Conservation Authority's statement attributing the death of cheetahs at Kuno National Park to «natural causes» was a political one intended at «whitewashing management failures and it mocks conservation science». The Congress general secretary's remarks come a day after the NTCA, in a statement released by the Environment Ministry on Sunday, said preliminary analysis of Cheetah mortalities at Kuno National Park point to natural causes.

China is likely to report rapid economic expansion for the second quarter, although underlying figures will reveal a more challenging picture. The comparison with last year, when Shanghai was enduring a Covid-related lockdown, will make Monday’s gross domestic product data look a lot better than was actually the case. GDP likely grew 7.1% for the quarter on a year-over-year basis, up from 4.5% in the previous period, according to economists surveyed by Bloomberg.

₹2,000-crore market within 12 months. “We are representing over 125 market entries. Domestic business is very big— 800-odd Indian businesses are here.

New Delhi: Amid a series of fatalities among Cheetahs, and concerns that the radio collars on the neck may have led to an infection, the National Tiger Conservation Authority (NTCA), has said that all the deaths have been caused due to natural causes. In a statement on Sunday, the ministry of environment, forest and climate also cited experiences in Africa which showed initial fatalities post reintroduction of Cheetahs.

Climate Change (MoEF&CC) in collaboration with Madhya Pradesh Forest Department, Wildlife Institute of India (WII) and Cheetah experts from Namibia and South Africa. The project implementation is being done as per the ‘Action plan for Introduction in India’ and a Steering Committee comprising of eminent experts/ officials involved in the first ever successful tiger reintroduction in Sariska and Panna Tiger Reserve, to oversee the project has also been constituted.

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: uncertainties loom around the Microsoft-Activision deal; Broadcom-VMware receives EC approval; Exxon Mobil to acquire Denbury; and Stratasys receives a sweetened offer from 3D Systems.

FCU on July 27 and 28 in the Bombay High Court, it was decided in the courtroom on Friday. This pertains to a case being heard regarding the constitutionality of the Information Technology (Amendment) Rules, 2023 in a PIL filed by the Association of Indian Magazines.

cheetahs at the Kuno National Park in Madhya Pradesh this week, Union Forest Minister Bhupender Yadav on Saturday said the government is serious about the project and the cursorial animals won't be shifted out of KNP. He said a team will soon visit the protected park in MP's Sheopur district. Since March this year, eight cheetahs, including three cubs born in India, have died at KNP. «Our teams are working. We are having discussions with our teams and experts. We are bound to take proper care of our cheetahs,» he told reporters here. In the latest loss, male cheetah Tejas died on Tuesday, while another big cat named Suraj lost its life on Friday, according to officials. Both had been translocated from South Africa. «One of our teams will visit KNP shortly. I hope the project will go smoothly. We are serious about it. One year is needed for things to settle down,» he added.

Test series against West Indies in Dominica and after that, the next assignment will be two-match Gandhi-Mandela Test series. The series will be India's crucial test during the World Test Championship cycle 2023-25.

Shark Week, the highly anticipated annual event on Discovery Channel, returns for its 35th year with thrilling and captivating programming. This year, viewers can expect an up-close look at a great white shark feast, exploration of the effects of sharks feeding on illegal drugs in public waters, and a deep dive into the fascinating world of sharks. Hosted by Jason Momoa, Shark Week 2023 promises to deliver hours of exciting content.