Latest News & Developments
Mohammed Ameen, 45, entered into a plea agreement with the State and was convicted in the Bellville Magistrate’s Court.
Discover how Mohammed Ameen was convicted of money laundering and contravening exchange control regulations, leading to a significant court ruling in the Western Cape.
A South African man attempting to smuggle over R2. 9 million and $544,200 to Dubai has been convicted of serious currency law violations, leading to a R200,000 forfeiture order from the Bellville Commercial Crimes Court.
The South African rand faces uncertainty as Budget talks reach an impasse, raising concerns over economic stability.
Leading currency expert Bianca Botes unpacks the crucial factors that will influence the South African rand in 2025, from global trade tensions to commodity market volatility. Essential reading for businesses and investors navigating SA's economic landscape.
Ancho Capital said that markets were weighed down by losses in technology and mining sector stocks.
South Africa’s Rand weakened ahead of Finance Minister Enoch Godongwana's budget speech on Wednesday
As South Africa awaits President Cyril Ramaphosa's State of the Nation Address, the rand remains stable against global currencies, influenced by international geopolitical events
President Trump's recent remarks on South Africa's land expropriation raise concerns about the future of US-South Africa trade relations.
US President Donald Trump issues stark warning to BRICS nations, threatening 100 percent tariffs if they proceed with plans to create an alternative currency to the US dollar. The controversial statement comes as BRICS members discuss de-dollarisation strategies, potentially reshaping global trade dynamics.
Platinum miners, Anglo American Platinum, Northam Platinum and Impala Platinum advanced 5. 5%, 3. 5% and 3. 3%, respectively.
In the US, the consumer confidence index declined more than expected in January.
South African markets closed in the red.
At 08:57, the rand traded at 18. 50 against the dollar , about 0. 5% weaker than its previous close.
President Donald Trump has issued an executive order effectively banning the establishment of a central bank digital currency.
As Trump confuses Spain for South Africa in BRICS, South Africans find humour in the blunder amid tariff warnings.
According to Andrew Bahlmann, an advisor at Deal Leaders International, the rand will remain weak against the dollar if government interference continues in 2025.
At 17:12, the rand traded at 18. 90 against the dollar , not far from its previous close.
All eyes are now turning to UK bonds, which have been at the centre of the selloff, with growing concern about Britain's economic and fiscal health, despite no obvious trigger for this week's 20-bps surge in 10-year gilt yields.
A man from Limpopo is flying the South African flag high as he has invented an impressive machine that has displayed the country's talent.
The Fed is expected to announce another 25 basis points reduction in the fed funds rate tomorrow and provide new economic and policy forecasts.
Analysts warn that President-elect Trump's proposed 100% tariffs on BRICS nations could lead to significant economic repercussions for US consumers
As Trump threatens punitive tariffs on BRICS nations, concerns rise over the future of economic relations and the potential impact on global trade dynamics
According to Moody’s, the ratings affirmation reflected South Africa's credit strengths from effective, core institutions such as the judiciary and the central bank, a robust, deep financial sector and a solid external position.
President Ramaphosa faces mounting scrutiny over unanswered questions, from a missing buffalo refund to a stolen fortune.