South Africa ranked 54th in the 2026 IMD World Competitiveness Ranking, moving up 10 places and overtaking Kenya to become the most competitive economy in Africa
Economy
Most viewed
Popular
-
JustMarkets Great Anniversary Contest is LIVE: $50K+ in Prizes & Gold Bars for Top Traders
-
South African wine industry struggles amid global production decline
-
How the Israel-Iran war is hitting South Africans in the pocket
-
Asian markets track Wall St losses as traders pause after rally
-
Deal signed to export DR Congo copper via US-backed corridor
Economy Latest News
Davos free-trade champions fret over war, climate
After Covid and the war in Ukraine, free-trade boosters in Davos fretted over a new bout of turmoil in global supply chains due to rising geopolitical frictions.
Tata Steel says to cut up to 2,800 UK jobs
Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal. Tata Steel employs about 8,000 staff in the UK. Towards the end of last year, the UK government provided £500 million ($634 million) to fund the production of "greener" steel at the country's biggest steelworks, while saying that 3,000 jobs were still at risk.
Tens of thousands sign up for French electric car leasing scheme
The French government has been flooded with applications from low-income households to lease a subsidised electric car from 100 euros ($109) a month, Environment Minister Christophe Bechu said on Friday. Some 90,000 people have applied to the scheme since the start of the month, Bechu said, whereas the government had only planned to subsidise the rental of 25,000 electric vehicles this year.
Economic outlook keeps investors wary on Nigeria
Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa's largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu. Elected on the promise of a programme called "Renewed Hope", Tinubu has repeatedly called for "patience" from Nigerians as those reforms take root.
Indian tycoon Adani bets big on vast solar and wind plant
Deep in the desert along the border with Pakistan, India's most controversial billionaire is building the world's largest renewable energy park as he races to future-proof his coal-linked fortune.
Asian markets track Wall St higher after tech surge
Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year. In light of the latest data, traders have lowered their bets on a March interest rate cut to a little more than 50 percent, down from 80 percent last week.
In Davos, an Australian mining boss presses industries to go green
Andrew Forrest, a blunt Australian billionaire who made his fortune in iron ore mining, stood out among the heads of emissions-spewing industries at the meeting of global elites in Davos. "I'm saying to the industrial world, if the crabby, backwards old mining industry can do it, so can everyone else," Forrest told AFP in an interview in the Swiss Alpine resort.
Japan inflation slows in December as energy bills drop
Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week. "Price increases for now are driven by external factors such as global inflation," she said ahead of Friday's data release.
France orders rare Atlantic fishing ban to protect dolphins
The French government will temporarily ban almost all commercial fishing in the Bay of Biscay to protect dolphins, much to the dismay of the industry. On Thursday, the French government broadened the ban to all ships, regardless of origin, while promising to support fishermen and fishmongers.
Economy
Load more