UK inflation data and New Zealand rate hike remind investors that global economy still faces many challenges
Firm offers from Rain and Toto, should they arrive at all, are probably little more than distractions and lacking in transparency
Agriculture department warns use of meat-related terms breach regulations
The governing party is discussing whether those criminally convicted of a serious crime should still have a home in the ANC
German traffic police are investigating the cause of the incident, which police say involved an autonomous vehicle
This is the steepest fall in retail activity since January 2021, showing the effects of higher inflation and interest rates
The claim by Sars that it costs the country R31bn is wrong — the real cost is about R4bn a year
Rail workers will stage nationwide strikes and bus and Underground staff will hold stoppages in London, among other disruptions
New Zealand Rugby sticks with him and appoints strategist Joe Schmidt to support him
We are drifting with apparent indifference into being greylisted by the global money laundering and terrorist financing watchdog FATF (which stands for the somewhat Hollywoodesque “Financial Action Task Force”). This would eliminate medium-term economic growth completely, and almost no-one seems to be worrying about it.
The consequences of grey-listing will be dramatic. Every counterpart across the world will have to apply a higher level of due diligence to SA businesses. International banks will add another layer of bureaucracy to engagements with South Africans. International aid funders such as the World Bank and EU will apply additional restrictions on support to SA. The IMF often specifies FATF compliance for access to funding...
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