November 12, 2024

South African Rand Plummets Amid Global Economic Fears and Rising US Treasury Yields

The South African Rand continued its downward trend, hitting its lowest in nearly two weeks, as global economic worries and rising US Treasury yields deter investors. The currency's decline is heightened by concerns over South Africa's sluggish economic growth and falling commodity prices, notably gold. As the US inflation data release looms, the Rand's performance remains uncertain.

July 29, 2024

South Africa's Challenging Olympic Medal Quest: Key Hopefuls and Semifinal Showdown Against France

South Africa faces a daunting Olympic medal challenge with a tough path ahead. Despite a rocky start, they've secured a chance for a medal. A crucial 49-5 victory against Japan earned them a quarterfinal spot. Now, they prepare to face France in the semifinal. With a win, they're guaranteed a gold or silver; a loss leads them to compete for bronze.

June 8, 2024

South Africa's Political Landscape Transformed as ANC Loses Majority After 30 Years

South Africa experiences a seismic political shift as the African National Congress (ANC) loses its majority for the first time in 30 years. The ANC's performance has been marred by perceptions of corruption and internal splits, giving way to parties like the Democratic Alliance and Economic Freedom Fighters. This pivotal moment calls for coalition governments and national unity to navigate the complex political landscape.

May 7, 2024

Amazon Expands to South Africa: Retail Without Proprietary Products or Digital Services

Amazon has launched its retail operations in South Africa, mirroring local competitors but without its proprietary products and digital services. The entry includes competitive pricing and a similar returns policy to Takealot, yet lacks gadgets like Kindle and services like Amazon Music or Prime.