South African fuel prices are set for significant hikes in September, with diesel users facing the steepest increases amid rising oil prices and rand fluctuations.
Economy
Most viewed
Popular
-
Relief for South Africans as inflation falls to 4.3%: Here’s what it means for your pocket
-
Fly larvae: Costa Rica's sustainable protein for animal feed
-
Africa presses for reform of 'unjust' global financial system
-
'Game-changing' tech fuels US relook at China data risks
-
Asian stocks mixed after Wall St record, eyes on Evergrande impact
Economy Latest News
Samsung Electronics says Q3 operating profits down 77.57%
South Korea's Samsung Electronics said Tuesday that its operating profits for the July to September period were down 77.57 percent from the year before, even as new smartphone releases boosted revenue. The company said net profit dropped 37.7 percent year-on-year to 5.8 trillion won -- though it represents a rebound from the second quarter's 1.7 trillion won.
Panama tribunal rejects holding mine deal referendum
Panama's electoral tribunal on Monday dismissed the idea of organizing a referendum in December on a mining contract that has ignited countrywide protests. "At this time, the conditions are not in place to organize a... popular consultation," the court's president Alfredo Junca told reporters Monday, in reference to the very unrest the referendum was meant to quell.
US auto workers union reaches tentative deal with GM
The US auto workers union reached a tentative agreement with General Motors on a new labor contract Monday, a source close to negotiations told AFP, paving the way to ending a six-week strike at major car manufacturers. The in-principle pacts still need to be ratified by workers in a vote, in a process that could take two weeks, a source close to negotiations earlier said.
HSBC profits surge on higher interest rates
Banking giant HSBC on Monday posted surging profits for the third quarter as lenders pass on interest-rate hikes carried out by central banks. The London-listed lender added Monday that third-quarter revenue jumped 40 percent to $16.2 billion in the third quarter year-on-year.
Musk pulls plug on paying for X factchecks
Elon Musk has said that corrections to posts on X would no longer be eligible for payment as the social network comes under mounting criticism as becoming a conduit for misinformation. Musk warned against using corrections to make X users ineligible for receiving payouts.
German economy shrinks slightly in third quarter
German output shrank in the third quarter, official data published Monday showed, adding to a continued gloomy picture for Europe's largest economy despite falling inflation. The indicator fell again to 3.8 percent in October, according to data published by Destatis on Monday, with energy prices posting their first year-on-year fall since January 2021.
Taiwan's Foxconn calls for 'confidence' in wake of Chinese tax probe
Taiwan-based tech giant Foxconn said Monday its current operations were "normal", calling for confidence in the company after a tax probe launched by Chinese authorities. Last week, the company said it would cooperate with the relevant authorities in their probing of "operations concerned", but did not provide further details.
California startup to 'sponge' CO2 from the atmosphere
Scrubbing carbon dioxide from the air is imperative if humanity is to limit global warming, experts say, and a California startup says it can do just that, using limestone as a carbon-sucking sponge.
HSBC says pre-tax profit more than doubled in third quarter
Banking giant HSBC said on Monday that pre-tax profit in the third quarter more than doubled to $7.7 billion, reflecting the "positive impact of a higher interest rate environment". The London-listed lender reported third-quarter revenue grew 40 percent to $16.2 billion as higher rates "supported growth in net interest income in all of our global businesses, and non-interest income increased".
Economy
Load more