A report reveals R100 in 2000 is now worth R385 in 2026, with food prices soaring over 500%, driven by fuel costs and inflation impacting South African households.
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Temporary channels being created to aid Baltimore bridge response
US authorities working on the Baltimore bridge collapse told AFP on Monday that they plan to open two small, temporary channels to let ships access the site of the incident. The temporary channel "is not big enough for any container or cargo ships to pass through," Caver told AFP, adding: "They're working on a plan to make it slowly open to more and more people."
Formula One owners Liberty Media buy MotoGP for $4.5 bn
Formula One owners Liberty Media have agreed to buy MotoGP on Monday in a deal valued at around $4.5 billion, the American company said. MotoGP said in a statement that Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna in a deal valued at 4.2 billion euros ($4.5 billion).
Gold hits new record high on Fed rate cut bets
Gold hit another fresh record high Monday as investors grow confident that the Federal Reserve will cut interest rates this year, even after data showed a slight uptick in a key inflation report. On Monday it hit a new high of $2,256.44, according to Bloomberg News.
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