Stocks rose too. The South African rand firmed in afternoon trade on Tuesday as power utility Eskom suspended its latest power cuts, with market focus also fixed on U.S. inflation data due later in the week that could unleash bets on faster interest rate hikes there. At
The work is now the second most expensive piece by the Italian painter ever to be sold. On Thursday morning in New York, during an old masters auction, Sotheby’s sold Sandro Botticelli’s Man of Sorrows (ca. 1500) for $45.5 million, making it the second most expensive
Consumer prices rose 5.9% in December, taking the average inflation rate for 2021 to 4.5%, according to the statistics office. South African consumers are in for another difficult year, with energy and fuel prices likely to surge and the central bank and government set to remove
Curfew lifted with immediate effect. South Africa eased restrictions meant to stop the spread of coronavirus even as the percentage of people testing positive for the disease exceeded 20% for the 19th straight day. The government lifted a curfew that was in place from midnight to 4
Here is a timeline of key dates in Desmond Tutu’s life: 1931 – Desmond Tutu is born in Klerksdorp, a town around 170 km (105 miles) to the west of Johannesburg. 1943 – Tutu’s Methodist family joins the Anglican Church. 1947 – Tutu falls ill with tuberculosis while
Providing some respite as the nation grapples with the economic damage wrought by a fourth wave of coronavirus infections. Fitch Ratings unexpectedly upgraded its outlook on South Africa’s credit rating, providing some respite as the nation grapples with the economic damage wrought by a fourth wave
Which boosted optimism about the global economic recovery. The South African rand firmed on Friday along with other emerging market currencies after a volatile week with price swings driven by domestic politics and US monetary policy. At 1513 GMT, the rand traded at 15.13 against the US
Immediate acceleration in funding needed to get on track for global net zero – BNEF analysis. Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions. As much