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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Asian markets struggle as US data dents Fed rate cut optimism
Asian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest rates as much as it expected this year.
Tepid Nike outlook dents shares as it touts Olympic offerings
Shares of Nike tumbled Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year. Friend also forecast a revenue drop in the "low single digits" in the first half of the next fiscal year, in part reflecting "the subdued macro outlook around the world," he said.
EU agrees to move ahead on using Russian assets for Ukraine
EU leaders on Thursday agreed to "take work forward" on a plan to use the profits from frozen Russian central bank assets to arm Ukraine, as Kyiv pleaded for more ammunition for its outgunned forces. - Kremlin threatens retaliation - EU leaders insisted the plan to target the interest being made by the frozen assets was legally sound.
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Bonitas: Members report ongoing issues after largest admin change in South Africa
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