Global Economy

U.S. tariffs threaten Namibia’s key industries

Namibia is among the many countries affected by the latest tariff announcement from the United States, which has imposed a 21% tariff on Namibian exports. The move, part of the Trump administration's broader reciprocal tariff package, aims to balance trade deficits with over 180 countries. Namibia's main exports to the U.S. include diamonds, building stones, fish fillets, beef, and charcoal—industries now facing increased costs and potential declines in trade volumes. […]

4 April, 2025 90

World

India-EU to talk trade, investment and defense during VDL-Modi meet

India and the European Union say they're eager to mark a new phase in bilateral relations ahead of talks with Prime Minister Narendra Modi today. European Commission President Ursula Von Der Leyen will discuss a free trade agreement and possibly defence and investment deals with Indian officials as China and US tariffs loom large on both Indian and European economies. Ishan Garg has more from New Delhi.

28 February, 2025 75

South Africa

SA Finance Minister Urges Global Action on Tax Reforms

S.A Finance minister says much more work still needs to be done to ensure all countries implement international tax reforms. Enoch Godongwana was speaking on the sidelines of the G20 Finance Ministers’ and Central Bank Governors’ meeting in Cape Town on Wednesday.

27 February, 2025 48

South Africa

SA to Prioritize Development Financing in G20 Presidency

South Africa's National Treasury Director-General, Duncan Pieterse, says South Africa will use its G20 Presidency to address financing for development and tackle barriers to growth in developing countries. The Finance and Central Bank Deputies' meeting is taking place in Cape Town this week. The G20 members represent about 85-percent of the world’s gross domestic product and 75-percent of international trade. Pieterse says South Africa has signalled a strong intent to […]

25 February, 2025 68

Business / Economics

SA to Host G20 Finance Track Meetings in Cape Town

To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […]

24 February, 2025 67

South Africa

S.A’s Ramaphosa at the G20 summit advocates for green industrialisation

S.A's Cyril Ramaphosa at the G20 summit advocated for green industrialisation and investment in critical minerals to drive sustainable development. In his keynote address, he urged G20 leaders to support efforts that ensure the benefits of these minerals are shared globally, benefiting both the Global South and North. Ramaphosa said investing in green industries and minerals is key to addressing climate change and driving inclusive economic growth:

21 February, 2025 41

Business / Economics

China condemns Trump’s ‘tariff shocks’ at WTO

19 February, 2025 46

Business / Economics

New tariffs to be rolled out from the U.S. to be reciprocal to each country

U.S. President Donald Trump has added another round of tariffs detailed in a memo signed on Thursday. They will be worked out individually on countries proportional to their trade imbalance with the U.S. Caroline Malone reports.

14 February, 2025 78

Business / Economics

Oil giant Chevron slashing up to 20% of its global workforce

Mass layoffs coming to Chevron. The oil major says it's slashing up to 20% of its global workforce as part of a cost-cutting effort. It's the last oil and gas company to cut headcount among lower prices. Toni Waterman has more.

13 February, 2025 52