The proposal for a tax on EV batteries comes at a time when many countries are ramping up efforts to transition to cleaner energy sources and reduce carbon emissions. Electric vehicles play a crucial role in this transition by offering a more environmentally friendly alternative to traditional gasoline-powered cars. If implemented, the tax could influence
A sunny morning in Ahmedabad turned tragic as Air India Flight AI171, a Boeing Co 787 Dreamliner bound for London, met with a catastrophic accident shortly after takeoff. The bustling airport buzzed with activity as passengers boarded the flight, unaware of the impending disaster that would unfold. As the aircraft soared into the sky, carrying
South Africa’s leading pay-TV provider, Multichoice, is experiencing a significant decline in its subscriber base. Over the past year, the company has lost nearly 1.2 million subscribers globally, with almost half of the losses coming from South Africa alone. This downward trend is evident in both South Africa and the Rest of Africa segment. In
The World Bank foresees economic growth of 3.6% for Morocco in 2025, with a slight slowdown to 3.5% in 2026 as per the latest Global Economic Prospects report released on June 10th. These estimates align with the institution’s earlier projections from March. According to the report, the Moroccan economy is benefiting from a recovery in
The Central Bank of Kenya (CBK) made a significant announcement on Tuesday, June 10th, reducing its key interest rate by 25 basis points from 10.00% to 9.75%. This decision was the outcome of a meeting by the Monetary Policy Committee (MPC) aimed at stimulating private sector credit and supporting economic activity amidst controlled inflation. Governor
The prospect of retirement looms as both an exciting and daunting phase in our lives. We work tirelessly throughout our careers, with the hope of eventually enjoying the fruits of our labor during retirement. However, for many South Africans, this dream can quickly turn into a harsh reality when they realize they have not saved
In the bustling streets of South Africa, amidst the vibrant colors and sounds of everyday life, a darker trend looms large – the rise of gambling among the country’s most vulnerable. The National Gambling Regulator has issued a clear stance: online interactive casino-style gambling is strictly prohibited within South Africa’s borders. However, paradoxically, this prohibition
In a groundbreaking move, the Nigerian company Green Energy International Ltd (GEIL) has unveiled the Otakikpo terminal on a memorable Sunday, June 8, 2025. This terminal stands out as the first of its kind constructed by an African enterprise, marking a significant milestone in Nigeria’s oil industry. With a storage capacity initially set at 750,000
Are you part of the mere 6% of South Africans who may retire comfortably, receiving about 75% of your final salary? This statistic sheds light on a looming retirement crisis in the country. Many individuals are not saving enough or starting early with their retirement plans. “Only 6% of the South African population can retire
Capitec, a leading financial institution, is gearing up to revolutionize the small, medium, and micro enterprises (SMME) sector with an innovative unsecured lending product tailored for small businesses. The bank’s CEO Gerrie Fourie and Karl Kumbier, head of Capitec Business, recently unveiled their strategic plan to tap into South Africa’s vibrant business landscape during a