Gold hits record as Trump’s trade threats fan haven demand
Gold hit a record at the start of the new quarter as a major escalation in US President Donald Trump’s trade tariffs due this week heightened concerns about the global…
International News
Illicit tobacco sales a drag on excise tax collections
The South African Revenue Service (Sars) says lower-than-expected collections were received from cigarettes compared to other excise products for the 2024 fiscal year. Total revenue collected from specific excise duties –…
US firms add 155 000 jobs in ADP data, more than forecast
Hiring at US companies accelerated last month, rebounding from a weak February marked by severe weather in some regions of the country. Private-sector payrolls increased by 155 000 in March,…
Airline overbooking ‘illegal’ – consumer commission
The National Consumer Commission (NCC) has emphasised that overbooking and overselling airline flight tickets is illegal in terms of the Consumer Protection Act (CPA). Hardin Ratshisusu, acting commissioner of the…
Heathrow warned by airlines about power supply days before shutdown
Heathrow Airport was warned about the “resilience” of its power supply in the days before a fire which shut down the airport for more than a day last month. The…
Trump threatens tariffs on buyers of Venezuelan oil
President Donald Trump has threatened to impose tariffs of 25% on US imports from countries that purchase oil from Venezuela.Trump described the move as a “secondary tariff” aimed at punishing the Latin American country “for numerous reasons”, including allegedly “purposefully” sending gang members to the US.Separately, Trump suggested he was softening his plans for tariffs…
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SA economic growth could triple this year, Absa says
South Africa looks set for much better growth in 2025 thanks to increased spending and investment, according to analysts at Absa Group, though a cooling of relations with the US…
Hyundai unveils $21bn US expansion as Trump tariffs loom
South Korean carmaking giant Hyundai has unveiled $21bn (£16.3bn) of investment in the US just days before President Donald Trump is set to impose new tariffs on trading partners. The…
Which SA crypto exchange is the cheapest?
The crypto market has evolved at a blistering pace in the last five years, with exchanges offering mobile apps, educational material, much improved security, and fairly easy to use trading…
Diaspora remittances: The power behind Africa’s sustainable growth
Remittances may be measured through the movement of money, but their real impact is measured in lives changed. Africa’s diaspora, projected to make up over 25% of the global population,…
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