Report finds extreme climate events linked to price hikes for rice, corn, cocoa, coffee, potatoes and other food items. South Korean cabbage, Australian lettuce, Japanese rice, Brazilian coffee and Ghanaian cocoa are among the many foods that have been hit by price hikes following extreme climate events since 2022, a team of international scientists has…
The urban skyline and cityscape in Shanghai China. Lu Shaoji | Moment | Getty Images BEIJING — From coffee to cars to real estate, there’s a recurring pattern in China: companies rush into an industry, then resort to discounts to stay afloat. That has economists worried. Natixis’ study of 2,500 listed Chinese companies reinforce how…
ZADNA CEO Molehe Wesi. (Photograph by Lesley Moyo) The ZA Domain Name Authority (ZADNA) will implement its previously announced Consumer Price Index (CPI)-linked registry fee adjustment, effective 1 October, it said yesterday. The move, it says, follows the public consultation process conducted in 2024, and is aligned with its multi-year pricing projection strategy. “Starting 1…
Samsung rolls out its thinnest and lightest foldable in the Galaxy Z Fold series. South Korean electronics giant Samsung has rolled out the latest flagship smartphones in its foldables portfolio, including one with a “better” price point. While it usually offers two foldable devices, for the seventh iteration, the smartphone maker unveiled the Galaxy Z…
Netflix began its Africa operations in South Africa in 2016. When the US streaming giant announced it was setting up shop in Nigeria in 2020, many west African film-makers, writers, artists and media audiences were jubilant. Finally, west Africa’s creativity and brilliance would be formally recognised on the world stage. Netflix Naija’s purpose was to…
Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB). These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks. As academics who have worked…
China’s long-running car price war is overshadowing a deeper problem for the nation’s automotive industry: persistent overcapacity. Despite a slight uptick in recent years, more than half of production capacity lay idle in 2024. In an industry capable of making 55.5 million vehicles annually, overall capacity utilisation last year was just 49.5%, data compiled by…
Mr Price has released its financial results for the year ended March, 2025, highlighting impressive growth in its telecoms segment. This surge is partly attributed to the successful launch of its own smartphone brand, Salt. Read: Sociable: A new South African app reimagining social media Retail sales through Mr Price Cellular and Powercell saw a…
