Finance minister Enoch Godongwana National treasury and the Reserve Bank will rewrite their draft rules on moving crypto assets across South Africa’s borders after receiving “thousands of comments” on the proposals, finance minister Enoch Godongwana said on Wednesday. “It is clear that we need to take a different approach to these amendments,” Godongwana told parliament…
Finance minister Enoch Godongwana Treasury has set aside R150-million in this year’s adjustments budget for the team building MyMzansi, the app through which government wants South Africans to reach its services and, eventually, carry a digital ID. Finance minister Enoch Godongwana said on Wednesday that the money will go towards “enhancing the technical capabilities of…
Amid escalating tensions between President Donald Trump and Ukrainian President Volodymyr Zelenskyy, Treasury Secretary Scott Bessent on Sunday dodged three times when asked whether Ukraine is an ally of the United States. “We provide the three different things … to Ukraine, so that’s what you do for an ally. We’re not providing those to Russia,”…
Treasury yields maintained their upward momentum early Thursday after hitting a 19-year high in the previous session, following a U.S. business activity print that amplified expectations for Federal Reserve interest rate hikes. The benchmark 10-year Treasury yield was up one basis point to 5.124%, after reaching a 19-year high on Wednesday, jumping more than 13…
The Trump administration is looking into whether implementing a diesel export ban would ease record high prices for the critical fuel, Treasury Secretary Scott Bessent said Tuesday. “We’re examining whether it’s feasible in terms of the overall refining capacity and whether a full or partial ban would work,” Bessent said at a bilateral meeting between…
Traders work on the floor of the New York Stock Exchange (NYSE) on September 09, 2026 in New York City. Spencer Platt | Getty Images The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday as a sell-off in U.S. government debt deepened ahead of the Federal Reserve’s interest-rate decision, which…
Former President Donald Trump and moderator Kristen Welker appear in a pre taped interview on “Meet the Press” at the Trump National Golf Club Bedminster, in Bedminster, NJ, Sep. 14, 2023. William B. Plowman | NBCU | Getty Images President Donald Trump on Sunday lashed out at NBC News “Meet the Press” host Kristen Welker,…
U.S. Treasury Secretary Scott Bessent speaks during a press conference at the Cash Room of the Treasury Department in Washington, D.C., on Aug. 24, 2026. Mehmet Eser | Anadolu | Getty Images The Treasury Department on Friday moved to sanction the United Arab Emirates branch of an Egyptian bank over its financial ties to Iran….
The US announced a host of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said was “the single greatest financial offensive ever”. Labelling it an “economic D-Day” for Iran, Bessent said the US would sever all economic ties with the country and added that any nation financially partnering with Iran…
5m ago Iran-Oman talks on Strait of Hormuz to continue Tuesday Oman and Iran are set to continue their talks on the future management of the Strait of Hormuz on Tuesday, Tehran’s foreign ministry spokesperson Esmail Baghaei said Monday. The spokesperson said Oman’s foreign minister will travel to Tehran to meet with Iranian officials….
