middle eastlatest news & developments
The rand is strengthening for a second consecutive week, holding below R16 to the dollar as high South African interest rates, a weaker US dollar and improved risk appetite support the currency.
RAND

Rand holds below R16 as gains extend into second week

The rand is trading below R16 to the US dollar as higher South African interest rates, a weaker dollar and improved investor sentiment support a second consecutive week of gains.

  • Ashley Lechman
7 min read
MTN CEO Ralph Mupita.
MTN
Breaking News

MTN moves closer to Middle East exit after Syria settlement

MTN’s settlement to leave Syria advances its strategy to exit the Middle East and focus on African markets. However, US sanctions continue to prevent the group from selling or…

  • Tawanda Karombo
3 min read
The Payinc Net Salary index for July released on Wednesday indicated an increase in the Net Salary Index, its first monthly increase in nine months which bodes well for consumers who have been negatively impacted by the rising costs of inflation and petrol prices.
SALARIES

South Africans see first real salary growth in nine months as inflation eases

July's PayInc Net Salary Index reveals a modest increase in net salaries for South African workers, offering a glimmer of hope amidst ongoing inflation challenges

  • Yogashen Pillay
3 min read