Business

Middle East conflict drags global air travel demand into decline

The conflict in the Middle East dealt a significant blow to the global aviation industry in April, with worldwide passenger demand falling by 3.4%...

Measure B-BBEE outcomes to ensure inclusive economic growth

South Africa’s broad-based black economic empowerment (B-BBEE) framework must be critically and honestly reviewed to build on its past successes and speed-up its vital...

Failure to qualify for World Cup for a third time puts...

Italy’s absence from the upcoming Fifa World Cup is expected to come at a heavy cost for the country’s economy. The tournament kicks off in...

Oil falls on hopes for US-Iran ceasefire agreement

Oil futures fell more than 2% on Friday, closing out their steepest weekly decline since early April as traders awaited word that the US,...

S&P affirms South Africa’s credit rating, maintains positive outlook

South Africa has received a vote of confidence from S&P Global Ratings, which has affirmed the country’s long-term foreign currency sovereign credit rating at...

SARS clarifies implementation of China zero‑tariff export scheme

The South African Revenue Service has confirmed the finalisation of the legal and operational framework needed to administer China’s zero‑tariff export scheme, marking a...

Oil prices fall 2% as market awaits possible US-Iran ceasefire deal

Oil futures fell more than 2% on Friday and were on track for their steepest weekly decline since early April after reports that the...

Rand steady as markets digest local data

The rand was steady on Friday as markets reviewed a range of domestic data for clues on the health of Africa's most industrialised economy. The...

China in talks with EU on new steel tariffs, says commerce...

China is currently engaged in negotiations with the European Union (EU) within the framework of the World Trade Organization on the EU's plan to...

Collaborative effort key to industrial policy success, Parks Tau says

Trade, Industry and Competition Minister Parks Tau says the South African government has a central role in the successful implementation of country's industrial policy. However,...