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.
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South Africa set to scrap prime interest rate for new SARB system
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Consumer price inflation increases to 4%, the highest in 20 years
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Bankman-Fried to testify at his US crypto trial
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My Beauty Expo 2026 Launches Pan-African Vision at Official Media Briefing in Sandton
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China posts forecast-beating growth in first quarter
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ICC prosecutor wants court to try 'environmental crimes'
The International Criminal Court's chief prosecutor told AFP on Wednesday that he wants the tribunal to start trying suspects for "environmental crimes" without having to modify its founding statutes. "This is the first time in the history of the International Criminal Court that we would have a considered policy paper on the forms that environmental crimes can take," he said.
US trade gap narrows in 2023 to smallest in three years
The US trade deficit narrowed in 2023 to the smallest in three years, according to government data released Wednesday, while America bought more goods from Mexico than China for the first time in about two decades. - Mexico, China trade - On Wednesday, Commerce Department data also showed that the United States bought more goods from Mexico than China in 2023, a first in around two decades.
Biden strengthens US soot regulations, angering industry
President Joe Biden's administration on Wednesday announced tough new air quality standards it said were sorely needed to protect the health of vulnerable communities, though industry groups have said the move would devastate domestic manufacturing. - Industry critical - Wednesday's announcement was hailed by environmental and health groups.
Spanish farmers block roads for second day
Thousands of farmers used tractors to block roads across Spain for the second straight day Wednesday amid Europe-wide protests against cheaper imports and heavy regulation. Tractors were used to block roads leading to the southern port of Malaga in Andalusia, authorities said.
Deal signed to export DR Congo copper via US-backed corridor
Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo.
Sweden shuts Nord Stream probe over lack of jurisdiction
A Swedish prosecutor probing the 2022 sabotage of the Nord Stream gas pipelines linking Russia and Germany said Wednesday he was closing the investigation because Sweden does not have jurisdiction. Denmark, Sweden and Germany all opened investigations into the explosions.
IMF warns of Maldives foreign debt crisis, after China borrowing
The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of "debt distress," the IMF warned Wednesday. "The Maldives remains at high risk of external and overall debt distress".
TotalEnergies posts record annual profit at $21.4 billion
French group TotalEnergies reported on Wednesday the highest profit of its history for 2023, underpinned by performances in its liquefied natural gas and electricity divisions.
Taylor-mania hits Tokyo as Swift resumes tour before Super Bowl
Taylor Swift will celebrate making Grammys history with a run of concerts in Tokyo starting Wednesday, kicking off a month of sell-out shows in Asia that will include a quick run home to see her boyfriend contest the US Super Bowl.
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