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The US has taken a bold step that South Africa’s banking regulators can no longer ignore: stripping "reputational risk" from federal banking oversight.The US Banking Committee announced this week that the Federal Deposit Insurance Corporation (FDIC) will eliminate reputational risk as a factor in bank supervision, following the passage of…

Tawanda Karombo Metair Investments CEO, Paul O'Flaherty, said on Wednesday that he expected the company’s newly acquired unit Autozone to contribute 5% to 6% in operating margin and help the firm with its expansion into Sub-Saharan Africa.The acquisition of Autozone was among the landmarks for Metair during the full-year to the…

Banele GinindzaSteel industry experts on Wednesday expressed scepticism about the deadlines set for the steel tariff review recently launched by the Department of Trade, Industry and Competition (Dtic), citing its vast scope and the far-reaching implications of its proposals.On March 19, Itac  published a notice in the Government Gazette (notice…

Global renewable power capacity surged by a record 585 gigawatts (GW) in 2024, accounting for 92.5% of total power expansion, but the growth still lags behind the pace needed to triple capacity by 2030, the International Renewable Energy Agency (Irena) said on Wednesday.The annual increase, detailed in Irena’s Renewable Capacity…

Labat Africa Group, which previously focused on cannabis sector investments, is now pivoting to technology. and it has entered into a R2.5 billion royalty distribution agreement with Ubits Technology Solutions.The management team at Labat said on Wednesday that the transaction represents a “significant development that will further enhance Labat's growth…

Emirates Airlines has announced the deployment of retrofitted Boeing 777 aircraft to Johannesburg and Cape Town, marking a significant step for South Africa as the first African nation to receive these refreshed cabins.Starting from September, travellers will have the opportunity to experience the airline's newest Business Class seats and the…

The expansion of BRICS+ into the MENA region, with the inclusion of the UAE, Saudi Arabia, and Iran, is reshaping global economic dynamics and investment flows.The expansion of BRICS+ into the MENA region through the inclusion of the UAE, Saudi Arabia, and Iran marks a significant shift in global economic…

Global renewable power capacity surged by a record 585 gigawatts (GW) in 2024, accounting for 92.5% of total power expansion, but the growth still lags behind the pace needed to triple capacity by 2030, the International Renewable Energy Agency (Irena) said on Wednesday.The annual increase, detailed in Irena’s Renewable Capacity…

South Africa has taken a pivotal step towards enhancing its environmental finance strategies with the recent release of a comprehensive technical report aimed at assessing the international interoperability and usability of the country’s Green Finance Taxonomy (SA GFT). This collaborative effort between the Climate Policy Initiative and GreenCape aims to enhance…

By Nicola Mawson As the United Kingdom moves to align its tax regime affecting residents who are not domiciled there with similar systems the world over, experts are warning that this poses massive changes in the tax treatment of income and assets and its effects are wide reaching.The first finance act…