Scarborough, a once quiet conservation village in the Western Cape, has become a talking point online as foreign investors are apparently taking advantage.
Economy
Most viewed
Popular
-
South African unemployment rate for women continues to rise as South Africans face hopelessness
-
New post-Brexit controls: a thorn for UK horticulture
-
US consumer inflation cools more than expected in October
-
In a doughnut in Japan, unlocking the power of the Sun
-
Global maritime trade sails into geopolitical storm
Economy Latest News
Eiffel Tower to reopen Sunday as strike ends
France's Eiffel Tower that had been closed for five days by a strike will reopen Sunday after the monument's management announced a deal had been struck with unions. The Eiffel Tower booked a shortfall of around 120 million euros ($130 million) during the Covid pandemic in 2020 and 2021.
Defying war, 9/11 and Covid, NY bar keeps ale flowing at 170
Not much has changed in the 170 years that McSorley's Old Ale House has been serving customers in Manhattan's East Village. "After 170 years a lot of people are checking to see if we are still here."
Thousands protest as hunger grows amid Argentine austerity
Thousands protested across Argentina on Friday to demand food aid for the poor as soaring inflation and President Javier Milei's harsh austerity measures take their toll. Milei's government says it plans to audit the needs of each individual soup kitchen and put in place a system of direct aid, aiming to exclude intermediaries such as social movements he describes as "poverty managers."
Poland snubs border meeting with Ukraine to end farmer protests
Ukraine's prime minister went to the border with Poland on Friday hoping to end weeks of protests by Polish farmers but he said noone from the neighbouring government turned up for talks. "Unfortunately, Polish government officials did not come," said Ukrainian Prime Minister Denys Shmygal, who led a delegation to the border.
Chip giant TSMC shifts away from hotspot Taiwan with Japan plant
Taiwanese chip giant TSMC is set to open an $8.6 billion plant in Japan on Saturday as the firm moves some of its crucial hardware manufacturing away from its native base. The new plant in Japan is "the most significant TSMC international investment to open in many years", said Chris Miller, author of "Chip War: The Fight for the World's Most Critical Technology".
German parliament votes to legalise recreational cannabis
The German parliament voted Friday to legalise the possession and controlled cultivation of cannabis starting in April, despite fierce objections from the opposition and medical associations. Until now, German law has restricted personal use of cannabis to people with certain medical conditions.
Man Utd's Ratcliffe unveils electric Ineos car
Manchester United's new co-owner Jim Ratcliffe unveiled Friday his Ineos group's latest 4x4 vehicle, which will come in two electric versions as the British billionaire criticised range limits on 'green' cars.
Tractors roll into Paris as farmers up pressure on Macron
Farmers drove their tractors into central Paris on Friday to raise the pressure on President Emmanuel Macron, who has promised them a meeting at France's coming agriculture fair bonanza to discuss their grievances. Even without the activists, Saturday's debate promised to be "red-blooded", predicted agriculture fair president Jean-Luc Poulain.
Amazon says repays $1.9 mn to workers in Saudi over unlawful fees
Online retailer Amazon said Friday it had paid $1.9 million to more than 700 contracted workers in Saudi Arabia as reimbursements for unlawful recruitment fees, among other alleged violations. As a result, "Amazon paid $1.9 million in reimbursements to over 700 contracted workers", the statement added.
Economy
Load more