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Economy

Nigerian army destroys 27 illicit refineries, seizes stolen oil

By Camillus EbohABUJA – Nigerian army troops have destroyed at least 27 illicit refining sites and seized stolen crude oil following raids this week on illegal oil bunkering sites in the…

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Japan’s Prime Minister Kishida to resign, paving way for new leader

Japan’s Prime Minister Fumio Kishida speaks during a press conference at the prime minister’s office in Tokyo on August 14, 2024. Kishida confirmed on August 14 that he will not…

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South Africa’s unemployment rate climbs for third quarter in a row

FILE PHOTO: Job seekers wait beside a road for casual work offered by passing motorists in Eikenhof, south of Johannesburg, South Africa, November 20, 2023. REUTERS/Siphiwe Sibeko/File PhotoBy Kopano GumbiPRETORIA –…

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The New Mall up for E40 million expansion

Construction work has already begun.By Delisa Thwala After years of pleading for one of the most affordable Supermarkets Boxer store, the people of Mbabane have been finally answered.The New Mall in…

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Sasol appoints new finance chief

SasolSouth African petrochemicals company Sasol has promoted Walt Bruns to chief financial officer, it said on Tuesday, replacing Hanre Rossouw at the start of next month.Sasol said Rossouw resigned to pursue…

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South Africa battles to fund vital grid upgrade for green energy

A person walks past power linesBy Tim CocksPRETORIA – South Africa’s plan to expand its power grid, now the biggest bottleneck to replacing coal with renewables, has hit a snag: finding…

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Stocks waver in lead up to data deluge; CPI in focus

FILE PHOTO: The Nasdaq Market site is seen in New York City, U.S., March 26, 2024. REUTERS/Brendan McDermid/File PhotoBy Shubham Batra and Shashwat ChauhanU.S. stocks struggled for direction on Monday as investors braced…

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Euro zone investor morale drops, breaking streak of gains in “setback”

An illustration showing EurosFRANKFURT – Investor morale in the eurozone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed on Monday, describing the results…

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The LGF set for the CEO Roundtable

The CEOs that will be part of the roundtable By Phumelele MkhontaThe Leadership Growth Forum is living up to its mandate of building future leaders and they have roped in…

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Cars filling up at a Gulp Fuel Station in Eswatini. Picture: Ntokozo Magongo.

Ministry rubbishes fuel price decrease statement

Cars filling up at a Gulp Fuel Station in Eswatini. Picture: Ntokozo Magongo. By Bahle GamaThe Ministry of Natural Resources has condemned the circulation of false information about fuel prices…

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