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Economy

Chinese buyers cancel, postpone Australian wheat buys amid global surplus

WheatBy Naveen ThukralSINGAPORE, (Reuters) – Chinese wheat importers have cancelled or postponed about one million metric tons of Australian wheat cargoes, trade sources with direct knowledge of the deals said,…

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South Africa’s Standard Bank posts 27% jump in annual profit

Standard Bank JOHANNESBURG, (Reuters) – Africa’s biggest lender by assets Standard Bank said on Thursday its annual profit jumped by 27% as high interest rates helped offset rising bad loans.The…

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Countries closing in on digital currencies but US lagging, study shows

An illustration showcasing the dollarBy Marc JonesLONDON, (Reuters) – A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with over…

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19.7% increase in funds allocated to the Council of Arts and Culture

A musician on stage By Siphesihle DlaminiThe Council of Arts and Culture has seen an increment of 19.7 per cent, from 8 682 735 allocated last financial year to 10…

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Minister, Finance,

Minister Neal Rijkenberg’s E29.4bn pro-growth, inclusive budget

Finance Minister Neal RijkenbergBy Sifiso Sibandze Finance Minister Neal Rijkenberg on Monday delivered a E29.4 billion pro-growth which is also viewed as being inclusive. Eswatini’s 2024/2025 budget presents a pro-growth…

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Throngs of emaSwati join Their Majesties for Incwala

His Majesty King Mswati III arrivies at Ludzidzini Royal Residence for the main day of Incwala Ceremony.By Bahle GamaFrom all four regions of the country and outside the borders, Throngs…

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Inyatsi highlights E1 billion substantial tax contributions, dividends

Inyatsi Construction CEO Derrick Shiba addresses the media at Inyatsi House on Friday.By Ncaba NtshakalaInyatsi Group Holdings has scoffed off allegations by the Federation of Eswatini Business Community (FESBC) and…

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STATUS CAPITAL MEMBERS SHOCKER: Call for Van Niekerk Reinstatement

Dave Van NiekerkBy Lwazi DlaminiIn a sudden twist of events, over 100 of the 150 members of the beleaguered Status Capital Building Society have now signed a petition, passing a…

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Gloves off in Status Capital-less fight!

The controversial South African Businessman Dave Van Niekerk.By Lwazi DlaminiThe battle lines have been drawn. Status Capital Building Society Board headed by Wandile Mtshali, who is also MTN Eswatini’s Chief…

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Ngwenya still busiest trading border post for Eswatini, SA

Traffic enroute to Ngwenya Border Post.By Silindzelwe NxumaloTHE Oshoek border post continues to be the busiest trading border between Eswatini and South Africa as of August 2023, with a total…

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