South African salary earners saw a nominal pay rise in June 2026, but inflation eroded real incomes, with economists warning of further budget strain ahead.
Economy
Most viewed
Popular
-
Fly larvae: Costa Rica's sustainable protein for animal feed
-
Station announced as the exclusive radio partner for the Nedbank IMC 2026
-
US existing home sales fall to lowest level since 1995
-
Thailand orders close watch on cheap 'elephant pant' imports
-
South Africa secures R25 billion World Bank loan to boost infrastructure and create jobs
Economy Latest News
US trade gap widens to largest in 18 months
The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday. This was the largest deficit since October 2022, according to official data.
Boeing Starliner spacecraft springs more leaks on way to ISS
Boeing's Starliner crew capsule, which is making its way to the International Space Station on its first mission carrying astronauts, has developed two helium leaks since entering orbit but remains stable and on course for docking, NASA said.
Russian central bank chief calls for 'open economy'
Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive. At a panel discussion on Thursday, Nabiullina said Russia must prioritise "ensuring the openness of our economy."
Swiss renewable energy battle moves to the ballots
Switzerland's largest wind farm, sitting astride the ridge of the Jura mountains by the French border, consists of only 16 turbines -- tiny compared to those of other European countries. Switzerland's largest party, the hard right Swiss People's Party (SVP), has also backed the vote, warning that implementing the law could threaten Swiss energy security.
Solar investment outstrips all other power forms: IEA
More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday. Combined investment in renewables and nuclear for electricity generation is now set to reach 10 times the amount going to fossil-fuel power, led by solar, with China investing the biggest share.
ECB makes first rate cut since 2019 but sees 'bumpy road'
The European Central Bank cut interest rates for the first time since 2019 on Thursday as eurozone inflation gradually eases, but president Christine Lagarde said the path ahead was unclear and warned of a "bumpy road".
European stocks up as ECB cuts rate, US stocks mixed
European stock markets rose Thursday as the European Central Bank cut interest rates for the first time since 2019 -- but gains were muted as sticky inflation blurs the outlook for more reductions.
Chile's lithium dreams raise water concerns in the desert
As night falls in Chile's Atacama desert, the world's driest, a drilling machine extracts brine to measure levels of lithium -- a crucial mineral for the global switch to cleaner energy, but harmful in its own way. Chile is seeking to retake its position as the world's top lithium producer, but environmentalists fear extraction in the Atacama desert will harm fragile ecosystems there.
After a bitter break-up, Trump makes up with billionaire donors
In an electoral system in which money is the ultimate kingmaker, Donald Trump has been courting the country's billionaires -- and they have their checkbooks ready. On November 5, voters -- perhaps influenced by ads paid for with millions of dollars of billionaire money -- will have the final say. rle/sst/st
Economy
Load more