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Life president: NRM Presidential Candidate Yoweri Kaguta Museveni, together with the First Lady Maama
Janet Museveni, arrive at Buziga Islamic School grounds, Makindye Division, to kick off election campaigns.
Photo: National Resistance Movement

Africa 2026: polls sans choice, jobs

In addition, some of the continent’s wars show little sign of resolution

The handover of the G20 presidency to the United States will occur on Tuesday at the Department of International Relations offices. (GCIS)

G20 presidency handover to the US set for Tuesday, Dirco director general Zane Dangor says

Dangor said the US argument that if one G20 member was absent from the leaders summit, then there could be no consensus, had been voted down

WTO director general Ngozi Okonjo-Iweala and President Cyril Ramaphosa. (X)

‘World not doing tit for tat with US,’ WTO head says at G20 summit

Director general Ngozi Okonjo-Iweala said South Africa’s G20 presidency highlighted the importance of trade within WTO rules and reforming the system through local mineral…

The G20 leaders summit was held in South Africa last week. (GCIS)

‘G20 declaration future-proofed, despite US non-participation’, says South Africa’s presidency

Presidency spokesperson Vincent Magwenya said countries understood ‘that there’s a bilateral issue between South Africa and the US, but that must not, in any shape or form,…

President Cyril Ramaphosa. (GCIS)

Ramaphosa: G20 leaders summit reaches consensus on adopting a declaration

In an apparent reference to US President Donald Trump’s absence, Ramaphosa warned against allowing ‘anything to diminish the value, the stature or the impact of the first African…

President Cyril Ramaphosa. (GCIS)

Ramaphosa launches G20 panel to address extreme global inequality

The panel, chaired by Nobel prize-winner economist Joseph Stiglitz, will produce recommendations to help bridge the rich-poor divide

In recent years, research Wright and colleagues led has highlighted how prolonged heat exposure places outdoor workers, children, older people and low-income communities at increased risk of dehydration, heat stress, respiratory illness and other adverse health outcomes. The risks are expected to intensify as temperatures continue to rise. (Envato Elements)

Debt, heat and uprisings: What Seville failed to solve

The UN Financing for Development Summit failed to deal with the real issue of funding Asian, African and other countries who are hit hardest by the climate crisis yet contribute…

Finance minister Enoch Godongwana.
(Photo by Jeffrey Abrahams/Gallo Images via Getty Images)

Long wishlist for Godongwana ahead of Wednesday budget speech

Political parties and trade unions are asking the finance minister to address the growing national debt crisis and to extend the R350 grant

In 2020, former finance minister Tito Mboweni Tito Mboweni announced his plan to reduce the public sector wage bill in an effort to squeeze some of the air out of the country’s ballooning debt and fiscal deficit. (Delwyn Verasamy/M&G)

Mboweni extends R38bn to cope with double calamity of Covid-19 and unrest

The finance minister extended the Ters relief and the social distress relief grant, and also ensured businesses hit by looting can access insurance

The current inland price for a litre of 95 octane unleaded petrol is R14.08. From Wednesday, this will rise to R14.82 per litre. (Delwyn Verasamy/M&G)

Petrol, toll fees to add to consumer debt burden

The department of energy announced that petrol prices would increase 49c/l on May 2, while diesel will increase by 59c/l at most

Tighter rules will govern how much shares can swing in the first three days after the reopening of the exchange.

European ‘bank union’ could prevent another debt crisis

Plans underway by Angela Merkel’s Chancellory could see the power to deal with struggling banks move from national to European level.

Savings tax mooted to save Cypriot banks sunk by Greek debt

The European Union said it will assist if Cyprus contributes about €7-billion in revenue.

Unscrupulous creditors are trading on ignorance.

Ghastly garnishee abuse exposed

The full extent of garnishee abuse is not known but a case study by law firm Edward Nathan Sonnenbergs has set alarm bells ringing.

The creation of the eurozone now seems such an ill-considered idea.

Spend, spend, spend … it is the only way out of the depression

Author Paul Krugman says ending this recession should be easy but we seem to be making it painful, writes Decca Aitkenhead.

Europe forges fiscal union to end debt crisis

Europe forges fiscal union to end debt crisis

European leaders have agreed to join their fiscal fortunes in order to stop a crippling debt crisis, save the euro currency and prevent further chaos.

Oil inches closer to $102 ahead of EU debt summit

Oil prices have moved higher to almost $102 a barrel in Asia in anticipation of Europe’s interest rate decision and debt crisis summit.

The rising trend of falling supply

These days the news is full of dire warnings about another financial meltdown emanating from the sovereign debt crisis in Europe.

Papandreou out as coalition gathers to put out Greek fires

Papandreou out as coalition gathers to put out Greek fires

The Greek PM and opposition have agreed on the formation of a new unity government in a bid to break a deadlock and pave the way for an EU bailout.

State clamps down on provinces’ out-of-control spending

Brace yourself South Africa, we’re in for a rough ride

South Africans will have to tighten their belts, knuckle down and work together if we are to weather the economic storms ahead, says Pravin Gordhan.

Global slump may retard Africa’s growth

As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa