South African rand gains on stronger PMI data
The South African rand was stronger in early trade on Monday, after private sector activity rose marginally in April.
Fed holds interest rates steady at highest level since 2001
The slowdown has coincided with a months-long stretch of stubborn inflation, putting pressure on the Fed to keep interest rates high despite a risk of hindering economic activity with expensive borrowing costs.
Fed holds rates steady, hints rate cuts on hold until year-end
The Fed, which signaled three rate cuts as recently as March, now suggests we may not get one until late in the year.
South African rand strengthens as Fed keeps rates on hold
The South African rand strengthened on Thursday after the U.S. Federal Reserve held interest rates steady as expected and reiterated inflationary concerns. At 0742 GMT the rand traded at 18.5050 against the dollar,
When Will Interest Rates Go Down? Fed Holds Rates At 23-Year High Yet Again
The Federal Reserve announced Wednesday it will keep interest rates at a 23-year high, after a spate of worse-than-forecasted inflation data evaporated hopes for a sizable pivot in monetary policy this year.
Fed keeps rates steady as it notes 'lack of further progress' on inflation
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
Fed keeps rates on hold as disinflation stalls, but downplays prospect of hikes
The Federal Reserve signaled interest rates could likely remain higher for longer than previously expected on stalling disinflation, but downplayed the possibility of rate hikes following an unchanged rate
Fed keeps rates on hold as disinflation stalls; slows pace of QT
The Federal Reserve signaled interest rates could likely remain higher for longer than previously expected on stalling disinflation following an unchanged rate decision on Wednesday and the central bank said it
BHP bombshell puts South African mining in a hole
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
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African Church Elder Stands Firm Against Denomination’s Rewrite of Marriage, Holds Bible High and Declares ‘This Is the Word of God’
The United Methodist Church has overwhelmingly given its stamp of approval to same-sex marriages. The 523-161 vote to make ...
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Seek Labs Announces Successful Completion of African Swine Fever Virus In Vivo Trial Utilizing CRISPR-based Treatments
Seek Labs, a healthcare innovations company developing next-generation point-of-care molecular diagnostic systems and novel ...
The South African sportsman who helped model an era of campus protests
Current campus protests are reminiscent of the anti-apartheid divestment movement, which built on the work of sportsman and activist Dennis Brutus.
‘People think it’s just for emo or gothic kids’: the Kenyan metalhead leading a new wave of African rock
Martin Kanja, AKA Lord Spikeheart, covers everything from colonialism to his grandmother in music that mixes African culture ...
‘Slavery Still Exists’ Says Commenters On Video Of Asian Man Beating His African Employees
A video of an Asian man beating his African workers leads conservatives to compare American racism to anti-Blackness across ...
African countries can’t resolve their debt crisis under a system rigged against them
African nations argue that without bias, they should receive higher ratings and lower borrowing costs. In turn this would ...
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‘Plausibility’ in the South African genocide case against Israel is not what it seemed
The ICJ's ruling found that the Palestinians had a 'plausible right' to be protected from genocide under the Genocide ...
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MOWAA rebrands to highlight modern African artistry
The Museum of West African Art (MOWAA) has undergone a significant rebrand to position itself as the “cultural capital of ...
South African elections: research explores how disillusioned ANC supporters might use their vote
The 2024 elections may be the tipping point that enables opposition parties to portray themselves as viable contenders in ...
Africa Daily - Why do so many African countries struggle to maintain a supply of electricity? - BBC Sounds
Why do so many African countries struggle to maintain a supply of electricity?
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Philadelphia Museum of Art Names Imani Roach to Lead New Brind Center for African and African Diasporic Art
The Philadelphia Museum of Art (PMA) recently appointed Imani Roach as the first director and curator of the Brind Center for ...