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Under fire: The cargo ship Mayuree Naree was attacked near the Strait of Hormuz. The Thai-flagged ship had
departed Khalifa Port in the UAE on 11 March before coming under attack. Photo: Ae Pek

SA warns of economic shock as Iran war expands

Iranian retaliation and Israeli air strikes are spreading across Gulf states and Lebanon, rattling energy markets and exposing deep divisions at the United Nations

Improving efficiency, reducing waste and emissions, strengthening supply-chain transparency and shifting finance away from harmful activities can all reduce risk while protecting ecosystems.  (File Photo)

Every business depends on nature and most are helping destroy it, landmark report warns

Biodiversity loss has become a systemic risk to the global economy, as businesses continue to profit from nature while failing to pay for the damage

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…

The Constitutional Court will rule on whether parliament acted lawfully when it rejected a Section 89 panel report recommending an impeachment inquiry into President Cyril Ramaphosa over the Phala Phala scandal

Brics leaders call for cooperation in protectionist global environment

President Cyril Ramaphosa said the uncertainty of the new trading regime had already harmed the country’s economy

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

Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.

Reserve Bank cuts rate by 25 basis points to 7.25%

The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy

The South African Reserve Bank is likely to hold interest rates unchanged

Reserve Bank likely to leave interest rates unchanged on Thursday

Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say

Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

Inflation eases to 2.7% year-on-year in March

The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead

South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Reserve Bank holds interest rate at 7.5%

The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front

Platinum to Bitcoin: Shifting investment paradigms in South Africa’s economy

As individuals learn how to trade crypto, they are drawn by the promise of high returns, despite the volatility associated with these digital assets

Russia’s war in Ukraine will end sooner or later and probably without a nuclear escalation. Whenever that happens, the subsequent easing of Western sanctions will produce a disinflationary shock.

World’s doom and gloom financial scenario not inevitable

There is much to suggest that global economic disaster is not assured, or even likely, in the near future

Protestors gather In Washington DC after Russia invaded Ukraine. Photo: Anna Moneymaker/Getty Images

Russia’s invasion of Ukraine could be firestarter of global economic woes

Developed countries could do much to help counterparts in the developing world weather the current storm

PODCAST: How South Africa fits into the global economy, pt 2

Michael Power chats to the M&G editor-in-chief and business journalists about South Africa and its place in the global economy

PODCAST: How South Africa fits into the global economy

Michael Power chats to the M&G editor-in-chief and business journalists about South Africa and its place in the global economy.

(Paul Botes/M&G)

Climate change will hit G7 economies harder than Covid, research finds

Countries with the biggest industrialised economies could see an average loss of 8.5% of economic value by 2050, according to an Oxfam analysis

The Covid-19 lockdown slowed the economy to a point where businesses across all sectors are operating below capacity.  (Delwyn Verasamy/M&G)

‘The silent road outside my house was the sound of a coming recession’

John Davenport’s Google survey of 500 people shows that people are twice as scared of the economic effects of Covid-19 than they are of catching the virus

A general view of Long Street, usually one of the busiest and most popular entertainment areas with bars, clubs and restaurants in the city, with a billboard reading Stay Home, in Cape Town. (Rodger Bosch/AFP)

Covid-19 lockdown: Towards a capsule existence

How online media during the Coronavirus lockdown foreshadows a permanently encapsulated life