South Africa

Platinum seen at $1500 by year-end amid South African power crisis – BofA

Investing.com - Platinum rates are anticipated to rise to $1,500 an ounce by year-end, underpinned by power situation in South Africa as persistent electrical power failures weaken one of the world's biggest drivers of mines, Financial institution of America stated in a capitalists' note Wednesday.…

23 Mar 2023

Ramadan to begin on Thursday in Saudi Arabia, Qatar

Authorities in several Muslim-majority nations, consisting of Saudi Arabia, proclaim Thursday as the very first day of Ramadan. The holy month of Ramadan will start on Thursday, authorities in Qatar as well as Saudi Arabia have announced, based upon the expected discovery of the crescent…

22 Mar 2023

South African shares shrug banking crisis, rand slips

South African shares strengthened on Monday despite an international financial situation as financiers hurried right into safe haven source stocks, while the risk-sensitive rand deteriorated. At 1616 GMT, the rand traded at 18.5250 versus the dollar, 0.65% weaker than its previous close as risk-appetite subsided…

21 Mar 2023

UAE issues advisory, urges citizens to move to safe locations in South Africa

The authority has given a contact number for Emiratis, in situation of emergency situation UAE's embassy in South Africa has issued a consultatory for Emiratis in the country, urging them to move to safety. In a tweet earlier today, the embassy called on UAE people…

20 Mar 2023

UN experts call on South Africa to create torture prevention body

South Africa have to swiftly establish a guard dog system to check out prisons, detention centres, and other centers, UN independent experts on abuse avoidance stated on Monday, pointing out "established" unwell treatment. The experts provided a number of recommendations after observing a variety of…

14 Mar 2023

Watchdog ‘clears’ South Africa’s Ramaphosa in cover-up scandal

The matter hasn't finished for the head of state however, as a police investigation is still ongoing. South Africa's anti-corruption guard dog has gotten rid of Head of state Cyril Ramaphosa of any misbehavior in a preliminary report right into a whitewash rumor that has…

13 Mar 2023

South Africa current account deficit at 2.6%/GDP in fourth quarter

South Africa's bank account balance switched over to a deficiency of 2.6% of gross domestic product in the last quarter of 2022 from a little excess in the 3rd quarter, central bank information revealed on Thursday. In rand terms the bank account deficit for the…

10 Mar 2023

South Africa tops Africa in providing aid to quake-hit Turkey

South African non-governmental organisations (NGOs) have up until now offered in-kind help amounting to roughly 1.2 million dollars for those affected by the Kahramanmaraş-based quakes that occurred on 6 February. Expanding its hand of relationship to Turkey from a minimum of 10 thousand kilometres away,…

06 Mar 2023

South Africa hosts joint maritime exercises involving China and Russia

A joint maritime armed forces workout is underway in South Africa involving China and also Russia along with the South African navy. The multilateral naval drills, named as Workout Mosi II, are set up to last until the 27th of February. According to a declaration…

22 Feb 2023

Why is South Africa’s navy joining exercises with Russia and China?

South Africa is due to begin a joint army exercise with Russia and China. The marine drills coincide with the initial wedding anniversary of Russia's invasion of Ukraine, as well as have been criticised by the US. What are South Africa, Russia and China doing?…