By Shane Dladla and Phapano Phasha Cash economies have historically being linked to all sorts of crimes and corruption as well as tax evasion and counterfeiting and a litany of research has shown that cashless economies provide a stronger control regime against anti-money laundering, which could be used to funnel
Market investors are trading cautiously before the outcome of US elections and a US rate cut, says Mike Keenan, the chief fixed income and currency strategist at Absa.“We have to keep our thinking caps on because there could be watershed moments that push us in different directions from where we’ve
China’s economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery, keeping alive expectations Beijing will need to unleash even more stimulus.The world’s second-largest economy grew 4.7% in April to June, official data showed,
By Donald MacKay IT’S NOT comforting that American politics is starting to feel like KwaZulu-Natal after Thomas Matthew Crooks shot Donald Trump though the ear on Saturday. He also killed a member of the crowd and inured another before being killed by the Secret Service. The last attempted assassination of
On May 17th (South Africa), the 23rd "Chinese Bridge" Chinese Proficiency Competition for Foreign College Students-South Africa Finals held successfully in Cape Town. After intense competition, Aluwani Mavhungu from the University of the Western Cape, won the first prize and will represent South Africa in the global finals held in
The Agricultural Business Chamber (Agbiz) has said that while BRICS+ remained a political grouping with no formal trade structure, the bilateral agreements between the BRICS+ countries for increasing trade were encouraging.Agbiz chief economist Wandile Sihlobo yesterday said that South Africa would continue prioritising the widening of agricultural exports in this
Dr David Ditlaishego DubeAs the global stage prepares to witness the inaugural BRICS Simulation Conference, set against the backdrop of Cape Town, anticipation is rife among the 200-strong international delegation. Scheduled to unfold over five transformative days beginning on April 18, 2024, this conference promises to be a watershed moment
Finance Minister Enoch Godongwana has vowed that South Africa will champion the basic tenets of the African Continental Free Trade Area (AfCFTA) within the expanded BRICS group of emerging countries.The AfCFTA is the world’s largest free trade area bringing together the 55 countries of the African Union and eight Regional
SA and China sign energy deal to help Eskom cut emissionsSouth Africa continues to be a benefactor of China’s largesse as the second largest economy in the world has agreed to assist South Africa to improve its ageing coal-fired electricity generation units and expand its transmission lines. Minister of Electricity
South Africa will aim to put its best foot forward in a bid to convince the BRICS member states that the country is open for business, thus hoping to attract investment into the infrastructure and manufacturing sectors.This comes as the country hosts the 15th BRICS Summit in Joburg next week