Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
In energy matters, the government appears enslaved by ‘first world’ norms and standards
The accused were arrested as part of a Hawks operation to nab alleged instigators who incited public violence during looting and destruction in 2021
Nedbank failed to comply with certain provisions the Financial Intelligence Centre Act
Mudiwa Gavaza is joined by Larry Masson, a financial adviser and franchise principal at Consult by Momentum.
Parent company London-listed Pearson Plc said the disposal was part of a strategic review.
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Rushdie’s condition is not immediately known
Juba — After South Sudan’s peace deal collapsed, gun battles rocked the capital and soldiers ransacked his clothing store, Ahmed al-Nur faced the economic crisis in a trade that has had an unexpected boost from the new wave of violence: gold.
With inflation soaring and the currency collapsing, the precious metal — extracted mainly by artisanal miners in Africa’s newest nation — is more highly prized than ever.
At the same time, last year’s spread of armed unrest to Equatoria — a southern region that may be home to sizable deposits — has left authorities with little remit over mining. The result: a virtual free-for-all as miners and traders shrug off the risks of the three-year civil war and pile in.
"Many of us are going to look for gold because we know the profits are big," al-Nur, who travels to Equatoria to buy from miners, said in an interview.
He lost about $20,000 when his store in the capital, Juba, was looted last year and says he now makes as much as $1,000 a month selling ...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.