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Economics at timeslive.co.za

Today News

15

DA outlines economic plan to create 2-million jobs in five years

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The DA unveiled its economic policy, the first in 10 years, which it says is the correct pathway to "unleash enterprise, grow the economy and create jobs".

13

POLL | Did Thabo Mbeki join the election campaign trail too late?

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The ANC deployed former president Thabo Mbeki to Soweto to campaign for the May elections, but is it too little too late?

12

We deserve to be at Chiefs, Solomons says as struggling Amakhosi face SuperSport

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Dillan Solomons has had a mixed second with Kaizer Chiefs, where his place in the team has never looked guaranteed.

11

WATCH | New ID. Code previews the future of VW in China

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Volkswagen (VW) has gone out on a styling limb with its sleek new ID. Code concept car that made its world premiere at the Beijing Auto Show on Thursday.

‘Uncool’ green number plates stifle luxury car sales in South Korea

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The government of South Korea recently announced all company cars priced at more than $58,000 would be identified through green licence plates, excluding vans, trucks and special purpose vehicles.

US to announce new restrictions on firearm exports, official says

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The Biden administration plans to impose new restrictions on firearms exports and increase scrutiny on transactions to limit diversions of guns to drug cartels, criminal groups, gangs and others, a Commerce Department official said late on…

10

Tesla's plan for more affordable cars takes page from Detroit rivals

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Elon Musk's new plan to use product lines as the basis for new affordable vehicles — rather than springing for new models — follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it.

Hyundai and Kia to launch first India-made EVs next year

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South Korea's Hyundai Motor Group will launch its first India-manufactured electric vehicles by 2025 as the parent of the Hyundai and Kia brands looks to boost its presence in the nascent space dominated by Tata Motors.

Formula One commission defers decision on points change

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Formula One on Thursday deferred to July a decision on whether to change the scoring system and hand out points to the first 12 finishers instead of the top 10.

Anglo American rejects BHP’s $39bn takeover proposal

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Anglo American rejected rival miner BHP Group's $38.8bn (about R737bn) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects.

09

Investors brace for 5% Treasury yields as US inflation worries mount

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As US inflation worries grow, some investors are preparing for the 10-year US Treasury yield to breach a 16-year high of 5% hit last October.

Battle for ‘tech luxury’ in China as EVs get smarter and cheaper

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The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

Mexican lawmakers approve new pension fund backed by president

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Mexico's Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts to the lowest-earning recipients.

Mercedes-Benz says it will continue to invest in Chinese tie-ups

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Mercedes-Benz executives said on Thursday the company would continue to invest in tie-ups with Chinese partners including carmaker BAIC Group, underscoring the importance of China to its global strategy.

German unemployment rising to highest level in almost a decade

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Germany's economic weakness is finally taking a toll on the labour market, with the number of unemployed workers expected to rise to the highest level in almost a decade, according to a study by the German Economic Institute.

Musk's X says posts of Australia bishop stabbing does not promote violence

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Elon Musk's social media platform X defended publishing posts showing a bishop in Australia being stabbed during a sermon as “part of public discussion”, rejecting a regulator's order to take down the content on grounds it is offensive and…

Thursday, Apr 25

22

EDITORIAL | Here’s to 30 years of hearty wins and heart-wrenching horrors

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As the country turns 30 on Saturday we all owe it to ourselves to pause and ponder how we got here

APHELELE CYNTHIA BUQWANA | Financial pressures on press media are risking the quality of independent media

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South Africa’s strong history of robust and independent media is facing many challenges, including financial pressures and the increasing influence of powerful interests.

21

Two former managers of Ditsobotla municipality arrested for fraud

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Former manager of Ditsobotla municipality Tsietsi Isaac Shema and the municipality's project manager, Richard Thamsanqa Mtshali, appeared before the Lichtenburg magistrate’s court on Thursday on charges of fraud and of contravening the…

All the brave and selfless recipients of the Order of Luthuli in Gold

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The late Kenneth Hlako Rachidi and Peter Cyril Jones are two of the nine Order of Luthuli in Gold recipients who will honoured when President Cyril Ramaphosa confers national orders next Tuesday.

20

IN PICS | Thabo Mbeki on the campaign trail in Soweto

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Former ANC president Thabo Mbeki has returned to the campaign trail in Soweto, making an appearance at Jabulani Mall where he addressed a crowd. This marks Mbeki's first campaign outing in a long time.

19

LISTEN | Let's get criminals out of the ANC: Mbeki has not buried the hatchet

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Former ANC president Thabo Mbeki says he has not put his grievances aside with the party, which “will have to get the criminals out”.

17

Former acting ASA CEO pays back the money to the SIU

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The Special Investigating Unit said on Thursday it has received full payment from former acting CEO of Athletics South Africa (ASA) Terrence Magogodela.

Beijing car show points to all-electric future as local brands dominate

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China's largest motor show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's biggest car market is already in an all-electric state of mind, and isn't looking…

13

'It's sad and painful': Mdu Shabalala vows to lift Chiefs out of quagmire

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Mduduzi Shabalala didn't expect the struggles Kaizer Chiefs are experiencing to last this long when he was promoted to the senior team from the club's development rank last season.

12

Land Rover confirms reveal date of South Africa-bound Defender Octa

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Land Rover confirmed on Thursday its new high-performance Defender Octa model will be unveiled on July 3 after a series of exclusive client preview events and the completion of its rigorous development programme.

10

Toyota partners with Tencent to appeal to young Chinese drivers

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Toyota on Thursday said it will partner with Chinese gaming and social media leader Tencent in China, as the Japanese carmaker aims to meet younger consumers' taste for technology-enhanced cars.

Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears

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Tesla shares surged about 10% on Wednesday after the electric carmaker eased worries about slowing growth with its plans to roll out more affordable models in early 2025.

US Supreme Court weighs Trump's bid for immunity from prosecution

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The US Supreme Court on Thursday confronts a major test of the power of the presidency in arguments over Donald Trump's bid for immunity from prosecution for his efforts to overturn his 2020 election defeat.

Toyota hits record annual output, sales on robust demand

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Toyota said on Thursday its global sales and production hit record highs in the year ended March 31, supported by robust demand and the absence of semiconductor supply constraints it had to endure in recent years.