A report reveals R100 in 2000 is now worth R385 in 2026, with food prices soaring over 500%, driven by fuel costs and inflation impacting South African households.
Economy
Most viewed
Economy Latest News
Fragile South Sudan risks turmoil over oil disruption: experts
Oil-dependent South Sudan is at risk of economic and political turmoil over the shutdown of a key pipeline in its war-torn neighbour, Sudan, experts have warned. Boutros Magaya, head of a South Sudanese parliamentary sub-committee on petroleum, warned of the "grave implications" of the shutdown on people's livelihoods and security and that the country faced an "imminent economic crisis".
Armenian banks to ditch Russian cards over US sanctions
Armenian banks on Friday said they would stop processing transactions made by Russian Mir payment cards due to Western sanctions imposed on Moscow for its invasion of Ukraine. In September 2022, the US Treasury Department threatened foreign banks with secondary sanctions for servicing Mir cards, a Russian card payment system.
Vietnam Q1 growth hits five-year high on strong exports
Vietnam's economy grew by 5.66 percent on-year in the first quarter, according to official data published Friday, boosted by strong exports. A major global manufacturing hub, Vietnam also earned $93 billion from goods exports in the first quarter, up 17 percent year-on-year.
In Canada's Quebec, residents miffed over mining boom
Canada's Quebec province is rich with minerals needed for everything from electric cars to cell phones, but residents living atop the potential windfall are worried their backyards will be dug up -- and they won't get a dime. The southern areas of the province -- where most of the population lives -- is the most sought after.
'Scolded' braless passenger wants meeting with US airline boss
A woman who says she was threatened with being kicked off a US Delta Air Lines flight because she was not wearing a bra demanded a meeting with the company's top boss on Thursday over what she says is a discriminatory policy. Attorney Gloria Allred said she had written to Delta on behalf of Archbold demanding a meeting with the company's president to discuss the discriminatory policy.
New York City congestion toll OK'd for part of Manhattan
Traveling in New York is already costly, but it just got worse: transit authorities have approved a controversial $15 toll, set to take effect in mid-June, for motorists entering the busiest part of Manhattan.
UK's biggest water supplier plunges into deeper financial crisis
Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, blaming industry regulations that made its rescue plan "uninvestable". The company on Thursday said it was in talks with industry regulator Ofwat over a plan that is "affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors".
IMF urges tighter Swiss regulation after UBS takeover of Credit Suisse
The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.
Sweden says worker negligence behind motorway landslide
Swedish authorities said Thursday that worker negligence at a construction site was believed to be behind a landslide that tore apart a motorway in western Sweden in September. Prosecutor Daniel Veivo Pettersson said Thursday he believed "human factors" were behind the landslide as "no natural cause" had been found during the investigation.
Economy
Load more