Need to think about single currency

Wanted: A functioning acceptable currency for commercial transactions within Zimbabwe whose value, as purchasing power, can drift up and down according to fundamentals only but without any sudden jumps and…

India pip Australia at the top of Test Team Rankings ahead of WTC Final

India has been crowned the new No.1 team in MRF Tyres ICC Men’s Test Rankings, with Rohit Sharma’s side leapfrogging Australia in the annual rankings update. Australia’s reign at the…

Ukrainian tennis star refuses to shake hands with Russian opponent after Madrid Open loss

Lesia Tsurenko made her feelings clear after her defeat at the Madrid Open. Ukrainian tennis star Lesia Tsurenko refused to shake hands with Russia’s Daria Kasatkina after her third-round defeat…

Bold Predictions for the Rest of the 2022-23 Premier League Season

Somehow, after what feels like the longest season in existence, we are closing on the end of the 2022-23 Premier League. Some teams have 10 games left, others have 11,…

ECB raises rates in inflation fight

FRANKFURT— The European Central Bank raised interest rates by 25 basis points to 3,25 percent as expected yesterday and said it would stop reinvesting cash from maturing debt in its…

Oil stable after smaller ECB hike, demand woes linger

Oil prices were stable after the European Central Bank (ECB) decided on Thursday to slow interest rate hikes, but were unable to claw back much of this week’s more than…

China takes yuan global, repels weaponised dollar

China is putting the yuan front and center in its fight back against the US’s unique influence over global money. President Xi Jinping’s government has been busy striking deals over…

US oil firm wants stability assurances to resume operations in Mozambique

The general director of Exxon Mobil Mozambique says his company needs long-term stability in Cabo Delgado province before it can think of restarting a $30 billion liquefied natural gas project…

Pick n Pay misses dividend estimates as power costs increase

Pick n Pay missed dividend estimates as South Africa’s third-largest grocer incurred extra costs to keep the lights on at its stores amid nationwide load shedding. Lower profits and implementation…

SA Treasury tackles creeping culture of municipal non-payment

National Treasury’s plan to provide debt relief to overstretched municipalities should hit two targets at once by reducing debt at local government level and Eskom. Treasury outlined its new debt…

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