Iranian retaliation and Israeli air strikes are spreading across Gulf states and Lebanon, rattling energy markets and exposing deep divisions at the United Nations

Biodiversity loss has become a systemic risk to the global economy, as businesses continue to profit from nature while failing to pay for the damage

Dangor said the US argument that if one G20 member was absent from the leaders summit, then there could be no consensus, had been voted down

Director general Ngozi Okonjo-Iweala said South Africa’s G20 presidency highlighted the importance of trade within WTO rules and reforming the system through local mineral beneficiation

Presidency spokesperson Vincent Magwenya said countries understood ‘that there’s a bilateral issue between South Africa and the US, but that must not, in any shape or form, undermine or imperil the work of the G20’

President Cyril Ramaphosa said the uncertainty of the new trading regime had already harmed the country’s economy

The panel, chaired by Nobel prize-winner economist Joseph Stiglitz, will produce recommendations to help bridge the rich-poor divide

The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy

Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say

The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead

The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front

As individuals learn how to trade crypto, they are drawn by the promise of high returns, despite the volatility associated with these digital assets