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
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South African wine industry struggles amid global production decline
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How the Israel-Iran war is hitting South Africans in the pocket
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Asian markets track Wall St losses as traders pause after rally
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Deal signed to export DR Congo copper via US-backed corridor
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Markets swing on dimming rate cut hopes, weak China outlook
Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high. Asian markets fluctuated through the day.
West Bank economy in tatters as Gaza war rages
In the occupied West Bank, Hafeth Ghazawneh waits in quiet frustration for customers to visit his falafel stall, which has been deserted since the October 7 Hamas attacks in Israel.
US Supreme Court appears inclined to rein in federal agencies
The conservative-leaning US Supreme Court on Wednesday appeared inclined to weaken the power of federal agencies, which regulate myriad issues affecting the everyday lives of Americans -- from consumer safety to air pollution. In June 2022, the Supreme Court had already limited the power of federal agencies to an extent.
Layoffs at music outlet Pitchfork as Conde Nast merges it with GQ
Conde Nast is merging the popular digital music publication Pitchfork with the men's magazine GQ, a decision that has triggered anger over resulting layoffs and concern for the outlet's future. GQ is a monthly men's magazine, with a focus on feature writing and celebrity coverage.
Apple hit again with US ban in watch patent feud
A federal appeals court on Wednesday ordered Apple to halt the US sale of its latest smartwatch models in a feud over patents with health company Masimo. The ban on certain Apple smartwatch models will come into effect Thursday as the iPhone juggernaut is ordered to await the outcome of its appeal.
US business 'optimistic' about interest rates cuts: Fed
US businesses say they are "optimistic" about the prospect of falling interest rates, even as economic conditions have remained largely unchanged in recent weeks, the Federal Reserve said Wednesday. In past weeks, businesses have sounded optimistic about the likelihood of lower rates in the months to come, the Fed announced in its regular update of economic conditions known as the "beige book."
European crew poised for private mission to International Space Station
An all-European crew including Turkey's first astronaut are poised to blast off to the International Space Station in a mission with Axiom Space, as countries hungry for a taste of space turn increasingly to the private sector. Axiom-3 therefore allows Sweden to put its second national in space.
Heavy snow, freezing rain hobble European travel
Severe winter weather in northern Europe prompted the cancellation of hundreds of flights Wednesday at Frankfurt airport, Germany's busiest, while heavy snow in Scandinavia shut down air travel in Oslo for several hours. Oslo airport said it closed for several hours because of heavy snow, before reopening at 3:30 pm (1430 GMT).
South Africans roast photo of economic Thabi Leoka’s allegedly fake PhD in Economics
Economist Thabi Leoka is in the spotlight after it emerged that her PhD in Economics from the University of London may be a counterfeit qualification.
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