The increasingly tough economic times in South Africa have resulted in many consumers letting go of medical aid policies and gym memberships to make ends meet.
Economy
Most viewed
Economy Latest News
Sam Altman: the 'super optimistic' star of AI
By recruiting former OpenAI CEO Sam Altman following his surprise ouster by ChatGPT's parent company, Microsoft is hiring a tech industry star at the forefront of the artificial intelligence revolution. Microsoft, which has financially backed OpenAI, announced on Monday that it was hiring Altman to lead a new advanced AI research team.
Milei's dilemma: how to solve a problem like Argentina?
Argentina's president-elect Javier Milei will have no time to bask in his Sunday victory as he inherits a country crippled by inflation and short on cash, creditors and international sympathy. He has promised "the end of Argentina's decline" and warned there is no time for "gradualism... or half-measures."
Asian markets mixed as traders eye Fed minutes
Asian stocks were mixed Monday following small gains on Wall Street as investors grow increasingly optimistic that the Federal Reserve has come to the end of its interest rate hiking cycle. All three main indexes on Wall Street ended slightly higher Friday, while observers said they expected this week to see light trading heading into the Thanksgiving holiday.
World's richest 1% emit as much carbon as bottom two-thirds: report
The richest one percent of the global population are responsible for the same amount of carbon emissions as the world's poorest two-thirds, or five billion people, according to an analysis published Sunday by the nonprofit Oxfam International. That is the same share as the bottom 66 percent of the global population by income, or 5.11 billion people.
Frustration as latest talks on global plastic treaty close
The latest negotiations toward a global plastic treaty concluded late Sunday with disagreement about how the pact should work and frustration from environment groups over delays and lack of progress.
Austrian property tycoon's troubles rattle investors
The Austrian property group that co-owns New York's iconic Chrysler building has warned of an imminent "restructuring" that has cast a spotlight on several precarious projects -- and the wealthy tycoon behind the company. Since then, Benko has added the Chrysler building and the Berlin shopping gallery KaDeWe to the company's portfolio, while branching out into media and other sectors.
Foreign firms race to open Saudi offices before deadline
A wave of ribbon-cutting ceremonies is sweeping the Saudi capital as multinationals face a January deadline to open regional headquarters in the Gulf kingdom or lose out on government contracts. "Only multinational companies with regional headquarters in the Kingdom will be eligible for tenders and contracts floated by government entities."
US transition to electric vehicles faces delays
The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues. But there are also significant doubts among drivers surrounding the autos over inadequate charging infrastructure (36 percent), battery range (39 percent) and vehicle affordability (38 percent).
Under fire, undermanned: Israel's wartime economy soldiers on
When rocket sirens echo on the factory floor of Rav-Bariach Industries, Israel's biggest maker of security doors, workers rush to take refuge in bomb shelters fitted with their own kit.
Economy
Load more