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
-
How the Israel-Iran war is hitting South Africans in the pocket
-
Asian markets rally after Wall Street highs
-
Toyota raises annual net profit forecast as chip shortage eases
-
Township businesses forced to cut jobs due to loadshedding, report says food and beverage sector most affected
Economy Latest News
COP28 fossil fuel debate sizzles as world marks record hot year
With 2023 confirmed to be the hottest year on record by Europe's climate monitor, the temperature was also rising on Wednesday for negotiators thrashing out the thorny issue of fossil fuels at COP28 in Dubai. Europe's climate monitor on Wednesday said this year will be the hottest in recorded history after November became the sixth record-breaking month in a row.
Southeast Asia banks on aviation boom
Major airport expansion projects are taking off across Thailand, Cambodia and Vietnam, and a new airline is set to launch next year -- all banking on an expected boom in air travel in Southeast Asia, fuelled by Chinese and Indian tourists. - Airport boom - Southeast Asia is becoming a hot property, with private and public players competing for an expanding market.
Asian markets on front foot as US jobs data provide new rate cheer
Asian stocks rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year. While the jobs figures reinforced rate cut hopes, Wall Street's three main indexes ended mixed.
High speed rail between LA and Las Vegas gets $3bn boost
A proposed high-speed rail line linking Los Angeles with the US gambling and entertainment capital Las Vegas moved closer to reality Tuesday with the announcement of a $3 billion government grant. A line linking Las Vegas with America's second biggest city has been mooted for almost two decades, during which time its proposed cost has ballooned.
Venezuela, Guyana tensions rise over disputed oil-rich region
Tensions rose between Venezuela and Guyana Tuesday as Caracas proposed a bill to declare a Venezuelan province in a disputed oil-rich region and ordered the state oil company to issue licenses for extracting crude there.
US antitrust regulators probe ExxonMobil's Pioneer deal
US antitrust officials are seeking additional information related to ExxonMobil's megadeal to acquire Pioneer Natural Resources for about $60 billion, according to a securities filing Tuesday. The Federal Trade Commission (FTC) lodged a second request for "additional information and documentary materials" with both companies on Monday, Pioneer said in the filing.
Doctors in England to stage longest NHS strike ever
Hospital doctors in England plan to strike around Christmas in their longest industrial action in the history of Britain's state-run health service, after pay talks broke down Tuesday.
Climate change by numbers
As countries try to hammer out a response to climate change at the COP28 talks in Dubai, here are some key figures about how fossil fuels have warmed our world.
Musk's X defends its Dublin riot response
Social media giant X, formerly known as Twitter, has defended its response to recent rioting in Dublin that was in part fuelled by far-right users of the platform. The Dublin parliament is also considering a hate speech bill that would clamp down on users posting inflammatory content on social media.
Economy
Load more