Africa floats critical minerals-backed currency plan as new 'gold standard'
Africa's development bank is proposing a new 'gold standard' style currency arrangement backed by critical minerals such as ...
Mamelodi Sundowns overtake Al Ahly as Africa's biggest transfer spenders
Mamelodi Sundowns emerged as Africa's top spenders in the transfer market for 2024, according to FIFA's Global Transfer ...
South African rand ends week on strong note, helped by gold and SARB
South Africa's rand gained on Friday, lifted by stronger precious metal prices and the local central bank's hawkish tone at a monetary policy announcement a day earlier.
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South Africa’s repo rate: potential 25-basis point interest rate cut ahead as inflation remains low
With inflation inching up to 3% last December, financiers are anticipating a 25-basis point interest rate cut this Thursday.