South Africa, Namibia in talks to resolve discord over key river
A treaty signed in 1890, when the neighbours were under colonial rule, specifies that the border runs along the northern bank of the river — which would place it under South Africa’s jurisdiction.
View ArticleJPMorgan opens offices in Kenya, Ivory Coast in Africa expansion
Chief Executive Officer Jamie Dimon is expected to visit Africa for the first time in seven years as the bank expands on the continent.
View ArticleSA Rugby postpones vote on Springboks private equity deal
The postponement follows a request by Gayton Mckenzie, South Africa’s minister of sport, arts and culture, to 'more fully brief government on the proposal,' SA Rugby said in a statement.
View ArticleItaly to raise capital gains tax on bitcoin to 42% from 26%
Earlier efforts by other countries to tax crypto trading haven’t always yielded much for state coffers.
View ArticleBitcoin approaches $70 000 with speculators eyeing record highs
'After six months of price consolidation this year, the stage is set for a perfect storm in favour of Bitcoin and other crypto assets,' wrote Blockforce Capital’s Brett Munster.
View ArticleSouth Africa’s unity government convenes dispute-resolution body
'It was appreciated that contradictions are inevitable in coalition governments,' the presidency said in a statement after the meeting.
View ArticleSewage is wrecking South Africa’s Cradle of Humankind, Ramaphosa says
It 'is adversely impacting the Cradle of Humankind, which is a Unesco World Heritage Site,' the presidency said.
View ArticleBitcoin pulls ahead in markets in sign of bets on Trump victory
The token was little changed at about $67 260 as of 12:58 p.m. Thursday in Singapore, compared with March’s record of $73 798.
View ArticleGold rallies to record with tight US election and data in focus
Spot gold was 0.4% higher at $2 683.63 an ounce as of 7:49 a.m. in London.
View ArticleBHP’s iron ore output edges up as supply glut concerns grow
The world’s largest miner produced 64.6m tons of iron ore over the three months to the end of September, it said.
View ArticleFTX’s Nishad Singh urges judge to spare him from prison
He was among four top FTX figures to plead guilty to criminal offenses following a sweeping investigation that landed Sam Bankman-Fried, the co-founder of the cryptocurrency empire, behind bars for 25...
View ArticleNestle cuts full-year guidance weeks after naming new CEO
Nestle shares fell as much as 2.3% in early Swiss trading, bringing the decline this year to about 16%.
View ArticleRamaphosa favours extending unity government
To provinces and municipalities, where none of them have an outright majority.
View ArticleSouth Africa weighs subsidies, rebates to boost EV industry
The country has a poorly developed network of electric charging stations and imposes a 25% tax on electric-vehicle imports.
View ArticleGold tops $2 700 for first time to extend record-breaking run
Spot gold was trading at $2 708.71 an ounce as of 11 a.m. in Singapore. Silver, palladium and platinum all climbed.
View ArticleZimbabwe treasury secretary rules out exchange-rate convergence
The ZiG is trading at 26.65 per dollar, compared with between 40 to 50 per dollar on the parallel market, and has already been devalued once since its debut on April 5 to narrow the gap.
View ArticleTaiwan says China urged South Africa to order key office moved
South Africa started asking Taiwan to make the switch in December 2023 after a Brics summit it hosted.
View ArticleAmazon says new Nvidia-based systems won’t be online until 2025
A later timeline than originally anticipated.
View ArticleMusk’s empire risks being targeted by EU for potential X fines
X would also have the opportunity to challenge any EU decision, but the final say rests with the commission.
View ArticleNetflix beats Wall Street’s forecasts in every major metric
Sales for the period grew 15% to $9.83bn, the company said in a shareholder letter Thursday, while earnings increased to $5.40 a share.
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