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South Africa Today daily economic news and indicators

15% of SA’s wealth is in the hands of just 3,500 people, study finds

15% of SA’s wealth is in the hands of just 3,500...

Just 3,500 people – 0.01% of the population – own 15% of total wealth in South Africa, according to a new study. And, there...
Minister Tito Mboweni [Photo: GCIS]

Mboweni’s Missed Opportunity

Data released on March 3rd indicates that South Africa has entered its third recession since 1994. The South African economy contracted by a startling...
Powering Kuwait's Economy to 2035 and beyond

Powering Kuwait’s Economy to 2035 and beyond

Oil and gas are the main source of revenue for Kuwait's economy, and it heavily depends on it. The country has one of the...
i2c Expands Presence in Middle East and Africa Due to High Demand for Its Agile Processing

i2c Expands Presence in Middle East and Africa Due to High...

REDWOOD CITY, Calif.--(BUSINESS WIRE/AETOSWire)-- i2c Inc., a leading provider of payment and open banking technology, today announced it is expanding its presence in the Middle...
Bryden Morton, Executive Director, 21st Century

The Budget Speech 2020 Good or Bad for the Individual?

The lead up to the 2020 South African Budget Speech has been dominated by a number of differing views regarding which taxes will be...
Saudi Fund for Development Loan to The Gambia Will Increase Capacity at Banjul International Airport to 400,000 Passengers a Year

Saudi Fund for Development Loan to The Gambia Will Increase Capacity...

BANJUL, Gambia, February 26, 2020-(AETOSWire)- The Saudi Fund for Development (SFD) recently signed an agreement with the Republic of The Gambia to provide a...

CoronoaVirus Impacts Global Oil Supplies

Coronavirus, the Chinese virus that has caused nearly 500 deaths and 25,000 infected worldwide, has begun to affect the world economy with the closure...
COVID 19 woes, said to drop BITCOIN??

FF News: COVID 19 woes, said to drop BITCOIN??

Bitcoin said to ‘drop,’ with Covid 19 woes, says “The Wolf of Wall Street,’ Omar Abdulla?? by Faaiza Ismail (19 February 2020-BBC) “The Wolf of Wall Street,’...
How The Hardworking Diaspora Are Supporting The Zimbabwean Economy

How The Hardworking Diaspora Are Supporting The Zimbabwean Economy

HARARE, Zimbabwe-- (BUSINESS WIRE/AETOSWire)-- WorldRemit, the market-leading money transfer provider, has revealed that Zimbabwe was one of the top five recipient countries in Africa for...
Johnson Controls Affirms Long-Term Commitment Towards Transition to a Green Economy

Johnson Controls Affirms Long-Term Commitment Towards Transition to a Green Economy

Dubai, United Arab Emirates, 4 February 2020, (AETOSWire) : Johnson Controls International, a global leader in building technologies and solutions, has joined the World...
UAE Exchange Rebrands as Unimoni in Tanzania

UAE Exchange Rebrands as Unimoni in Tanzania

Dar es Salaam, Tanzania, 4 February 2020, (AETOSWire) : UAE Exchange, a leading financial services brand in Tanzania and a Finablr company, announced the...
ACCA Signs Memorandum of Understanding (MoU) with the General Authority of Zakat and Tax (GAZT)

ACCA Signs Memorandum of Understanding (MoU) with the General Authority of...

Riyadh, Saudi Arabia, 2 February 2020, (AETOSWire) : The General Authority of Zakat and Tax (GAZT) recently signed a Memorandum of Understanding (MoU) with...