New data from reveals that the average household food basket costs R5,479.26 a month, and feeding one child a nutritious diet costs nearly R1,000.
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From 8 million to 12 million: Expert reveals the scale of South Africa's unemployment problem
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"No DNA, just RSA": SA beats Kenya to become Africa’s most competitive economy in 2026 IMD rankings
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Goldman Sachs sues Malaysia over push to redo 1MDB settlement
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Chinese internet giant Tencent posts lowest annual profit since 2019
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Equities in retreat as Powell warns rate hikes still on table
Asian stocks sank Friday and the dollar held gains after Federal Reserve boss Jerome Powell warned he "will not hesitate" to hike interest rates further in his quest to bring inflation to heel. The dollar rallied against its key peers after the remarks, and it held those in Asia on Friday.
NWSL 'celebrates' landmark media rights deal
The National Women's Soccer League announced an historic new media rights deal on Thursday worth $240 million over four years in partnership with multiple media outlets.
Biden revs up union support against Trump
US President Joe Biden donned the signature red T-shirt of America's biggest car workers union and lashed out at Donald Trump Thursday as he tried to fire up their support for his 2024 reelection bid. A long-term union supporter who became the first US president to visit a picket line in Michigan in September, Biden appeared to relish UAW's backing on Thursday.
Hollywood celebrates strike end as actors get back to work
Hollywood celebrated Thursday after actors agreed to end a crippling months-long strike, kicking off a race to get the cameras rolling and salvage next year's movies and television shows. The deal comes just in time for studios to finish movies still pencilled in for next summer's blockbuster season, and some television shows can even be completed in time for spring.
US Fed could hike rates again if 'appropriate': Powell
The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two-percent target, Fed Chair Jerome Powell said Thursday. "We know that ongoing progress toward our two percent goal is not assured: Inflation has given us a few head fakes," Powell told a conference in Washington in prepared remarks.
US, China finance chiefs open talks with eye on curbing tensions
US Treasury Secretary Janet Yellen opened talks Thursday with Chinese counterpart He Lifeng ahead of a key Asia-Pacific leaders' summit, seeking to limit tensions despite looming national security concerns.
Germany unveils huge electricity price relief for industry
Germany announced on Thursday a huge relief package including tax cuts on electricity for the manufacturing sector, in a bid to shore up an economy that many fear could end the year in recession. The International Monetary Fund has predicted that Germany will be the only major advanced economy to shrink this year. hmn/sr/lth
EThekwini Municipality introduces hemp and weed seed pilot programme for farmers
EThekwini Municipality launched a pilot hemp and weed programme to boost AgriSMMEs. Mayor Kaunda aims to create 10K jobs and commercialise the hemp sector.
Sony hikes annual sales outlook on strong game, music performance
Japanese electronics titan Sony lifted its full-year net profit and sales forecasts on Thursday, citing strength in the company's gaming, music and image-sensor sectors. "Sales are expected to be higher than the August forecast mainly due to higher-than-expected sales in the Game & Network Services, Music and Imaging & Sensing Solutions segments," Sony said in a financial statement.
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