South Africa ranked 54th in the 2026 IMD World Competitiveness Ranking, moving up 10 places and overtaking Kenya to become the most competitive economy in Africa
Economy
Most viewed
Popular
-
JustMarkets Great Anniversary Contest is LIVE: $50K+ in Prizes & Gold Bars for Top Traders
-
My Beauty Expo 2026 Launches Pan-African Vision at Official Media Briefing in Sandton
-
Tennessee VW workers hold key unionization vote
-
Fly larvae: Costa Rica's sustainable protein for animal feed
-
US new home sales miss expectations in April
Economy Latest News
Private industry leads America's first Moon landing since Apollo
The first American spacecraft to attempt to land on the Moon in more than half a century is poised to blast off early Monday -- but this time, private industry is leading the charge. Controlled touchdown on the Moon is a challenging undertaking, with roughly half of all attempts ending in failure.
EU Council President Michel says to step down early
Belgian politician Charles Michel has announced he will step down early as European Council president after he runs in the European Parliament elections set for June. He said he would head the list of the liberal Reformist Movement (MR) party, of which he is a former leader, in the European Parliament elections and step down as Council president in July.
EU Council President Michel says to step down in July
Belgian politician Charles Michel has announced he will step down as European Council president after running in the European Parliament elections set for June.
US regulator orders inspections on some Boeing MAX 9 planes after emergency
The US air safety regulator announced Saturday it was grounding and ordering inspections on some Boeing 737 MAX 9 airplanes a day after a window panel blew out of one of the aircraft over the state of Oregon.
Global maritime trade sails into geopolitical storm
International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge. - Taiwan elections - Attacks in the Red Sea are not the only ones disrupting international trade.
Deforestation in Brazilian Amazon halved in 2023
Deforestation in the Brazilian Amazon fell by half last year, according to figures released Friday, as President Luiz Inacio Lula da Silva's government bolstered environmental policing to crack down on surging destruction. Environmental groups have accused the Lula government of turning a blind eye to the destruction of the lesser-known Cerrado to appease the powerful agribusiness lobby.
Germany bids farewell to political heavyweight Schaeuble
Wolfgang Schaeuble, a leading figure in German politics for decades and an icon of budgetary rigour in the eurozone, was laid to rest Friday after dying at the age of 81. - 'Pitliless' budget guardian - As finance minister for eight years under Merkel, Schaeuble carved out a reputation as the guardian of German budgetary discipline, particularly during the Greek debt crisis.
US hiring exceeds expectations in December
US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of November's presidential election. The world's biggest economy added 216,000 jobs in the final month of 2023 despite expectations of a slowdown from the prior month, according to Department of Labor data.
Maersk says to avoid Red Sea for foreseeable future
Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships. "We have therefore decided that all Maersk vessels due to transit the Red Sea/Gulf of Aden will be diverted south around the Cape of Good Hope for the foreseeable future," it said in a statement.
Economy
Load more