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America is stockpiling oil, but prices are stuck

America is stockpiling oil, but prices are stuck

America continues to build up its oil reserves, albeit at a relatively slow pace and from a low base. Last week, commercial oil inventories...
The Kiwi Dollar flies down

The Kiwi Dollar flies down

The New Zealand Dollar is down 1.2% since the start of the day on Wednesday due to disappointment with the RBNZ's actions and comments....
Japanese yen benefits from hopes of change in the BoJ approach

Japanese yen benefits from hopes of change in the BoJ approach

Japanese consumer inflation slowed from 2.6% y/y to 2.2% y/y in January. The data was slightly higher than the expected 2.1%, providing temporary support...
US durable goods orders slumped

US durable goods orders slumped

US durable goods orders decreased 6.1% in January after falling 0.3%. The cost of total orders in January was the lowest since September 2022,...
Time for the dollar to choose a trend

Time for the dollar to choose a trend

The Dollar Index is giving up positions painfully slowly. It is under pressure for the ninth session in a row, but at the same...
Disappointing German manufacturing halted the Euro's flight

Disappointing German manufacturing halted the Euro’s flight

Mixed PMI data from various Euro area countries led to a surge in volatility for European currency pairs on Thursday morning. Preliminary estimates for France...
Dr Ridwaan Asmal, a Senior Academic in the Accounting, Finance & Tax Administration Faculty at MANCOSA

Hope is on the horizon despite South Africa’s economic challenges

The nation's eyes and ears will be focused on Cape Town today as Finance Minister Enoch Godongwana presents the 2024 National Budget. It is no...
A strong current account surplus may not help euro

A strong current account surplus may not help Euro

The eurozone's current account surplus climbed to a six-month high of 31.9bn in December. Analysts, on average, had expected a decline to 20.3 bn...
Ashvin Subramanyam, CEO International Business, Orkla India

Orkla India announces the launch of its wholly-owned subsidiary in Dubai,...

Orkla India announces the expansion of its Middle East presence through the launch of its wholly-owned subsidiary, Orkla India - Middle East & Africa (Orkla IMEA)....
Jump in UK sales revives hopes of stagnation rather than recession

Jump in UK sales revives hopes of stagnation rather than recession

UK retail sales rose by 3.4% in January, mainly recovering from the previous month's dip but showing very high volatility. Last month's miss led...
Prof Andre Roux is an economist at Stellenbosch Business School.

Budget 2024: Pre-insight

The annual budget speech is, at the best of times, a statement of intent in which economic and fiscal prudence competes with political expedience....
Wine exports experienced an increase of ZAR 342 million.

Wine exports experienced an increase of ZAR 342 million

In 2023, the product was mainly shipped to the United Kingdom, Namibia, and the United States. In the huge landscape of global economy, the wine...