Economy
Unemployment rate increased from 32.9% to 33.5%, South Africans disheartened
Statistics South Africa released its latest unemployment rate, and it showed that the unemployment rate increased from 32.9% to 33.5% in the current quarter.
Tsiloane sisters build brick company using recycled materials, inspired by waste collectors
Two entrepreneurial sisters, Kedibone and Kekeletso Tsiloane, created a company that produces bricks from 90% recycled materials, maintaining its strength.
South Africa drop to 4th most attractive investment destination in Africa
Rand Merchant Bank released a, 'Where To Invest In Africa 2024' report. South Africa is in fourth place as African countries that are favourable to invest in.
Lebogang Maile, Gauteng Finance MEC, asks Reserve Bank to help Drip avoid liquidation
Gauteng Finance MEC Lebogang Maile wrote a letter to the Governor of the Reserve Bank to request for financial rehabilitation for Drip footwear.
China sees commercial sector as next frontier in US space race
A world-first launch from the far side of the Moon this week showcased China's progress in space, and Beijing now wants its commercial sector to catch up to rivals such as Elon Musk's SpaceX. Chinese companies lag far behind American frontrunners led by SpaceX, which plans to launch Starship, a massive prototype rocket that may one day send humans to Mars, on Thursday.
Boeing Starliner crew aboard ISS after challenging docking
A Boeing Starliner capsule carrying its first ever astronauts docked with the International Space Station on Thursday after overcoming unexpected challenges arising from thruster malfunctions and helium leaks. - Leaks and thruster problems - Prior to launch, it was known that there was one helium leak affecting Starliner.
US trade gap widens to largest in 18 months
The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday. This was the largest deficit since October 2022, according to official data.
Boeing Starliner spacecraft springs more leaks on way to ISS
Boeing's Starliner crew capsule, which is making its way to the International Space Station on its first mission carrying astronauts, has developed two helium leaks since entering orbit but remains stable and on course for docking, NASA said.
Russian central bank chief calls for 'open economy'
Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive. At a panel discussion on Thursday, Nabiullina said Russia must prioritise "ensuring the openness of our economy."
Economy
Load more