Shares in Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, slumped Wednesday after the firm reported a drop in net profits and orders amid a high-tech trade spat between China and the West. ASML announced this year that it had been blocked from exporting "a small number" of its advanced machines to China, amid reports of US pressure on the Dutch government.
At Proudly South African, we are unwavering in our conviction of the causal link between enhanced local procurement and economic growth and job creation.
President Cyril Ramaphosa praised small business entrepreneurs in his Presidential Awards speech. He said entrepreneurs are the real human capital of society.
The Reserve Bank has cut the interest rate by 25 basis points after a unanimous vote on 21 November 2024. Economist Dawie Roodt told Briefly News this was expected.
Statistics South Africa released its recent Quarterly Labour Force Survey, which showed that the number of unemployed people decreased slightly by 1.4%.
SA's currency experienced another decrease in three weeks because of international issues like the tension in the Middle East and the dollar strengthening.
Food prices are expected to take a dip after the South African Reserve Bank governor Lesetja Kganyago announced a lower repo rate which came into effect last week.
South African Reserve Bank Governor Lesetja Kganyago announced that the interest rates have been cut by 25 basis points to 8%, which did not impress many.
The South African Reserve Bank governor Lesetja Kganyago is expected to announce the interest rate today, and economists are expecting an interest cut.
An increase in the price of cocoa in Ghana will have a direct impact on the price of chocolate in South Africa. Mzansi believes that they have the solution.
Economy
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