Chinese internet giant Tencent on Wednesday posted its lowest annual profit since 2019, despite slight improvements recently in China's economy and a more lenient attitude taken by regulators towards the tech sector. Authorities have since relaxed their approach to regulating the vital domestic tech sector as broader concerns about the health of China's economy mount.
South African Reserve Bank Governor Lesetja Kganyago announced that the interest rates have been cut by 25 basis points to 8%, which did not impress many.
The South African Reserve Bank governor Lesetja Kganyago is expected to announce the interest rate today, and economists are expecting an interest cut.
An increase in the price of cocoa in Ghana will have a direct impact on the price of chocolate in South Africa. Mzansi believes that they have the solution.
Dr Kenneth Creamer, a Wits University economist, spoke to Briefly News about the unemployment rate and measures the government could explore to curb it.
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.
Two entrepreneurial sisters, Kedibone and Kekeletso Tsiloane, created a company that produces bricks from 90% recycled materials, maintaining its strength.
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.
Gauteng Finance MEC Lebogang Maile wrote a letter to the Governor of the Reserve Bank to request for financial rehabilitation for Drip footwear.
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.
Economy
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