South Africa

The BRICS nations are set to witness a significant surge in their millionaire population over the next decade, potentially challenging the dominance of the G7 countries. What Happened: The BRICS countries, which include Brazil, Russia, India, China, and South Africa, are projected to experience an...

Tech billionaire Elon Musk recently took to social media to provide clarity on his South African heritage. Late on Tuesday, the CEO of SpaceX and Tesla tweeted about his ancestry, dispelling the commonly held belief of his Afrikaner heritage. What Happened: Musk asserted his roots are of British/...

South Africa's crypto space is expected to transform for the better since there will be a lesser number of unbacked crypto assets in the upcoming year through licensing crypto companies. What Happened: The Financial Sector Conduct Authority (FSCA) in South Africa announced it has reviewed 128...

Global economic order sees potential disruption as dozens of countries are eyeing membership in BRICS, a collective of Brazil, Russia, India, China and South Africa. This group, positioned as a counterbalance to Western dominance, is convening in Johannesburg this week, sparking speculations about...

The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at reducing reliance on the U.S. dollar and fostering a more multipolar global financial...

The BRICS nations are converging in South Africa for a three-day meeting, beginning on Tuesday. Ahead of the official start of the summit, China has started a war of words with the G7 nations. What Happened: "If we expand BRICs to account for a similar portion of world GDP as the G7, then our...

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...

South Africa would have “no option” but to arrest Russian President Vladimir Putin, a senior government official said, if he attends the BRICS economic bloc in August in person. “If he comes here, we have to arrest him. There is nothing that the interministerial committee [...

As the BRICS coalition of nations prepares for its upcoming annual summit in South Africa, 19 countries have shown interest in becoming members of the group. The bloc, which consists of Brazil, Russia, India, China, and South Africa, plans to convene in Cape Town from June 2-3 to address the...

Microsoft Corp.'s (NASDAQ: MSFT) bid to acquire Activision Blizzard Inc (NASDAQ: ATVI) has taken a significant step forward as the Competition Commission of South Africa (CCSA) has given its approval for the deal. As per Insider Gaming, the announcement was made on Monday during the...

The prospect of a new world currency has been gaining traction, with the BRICS alliance exploring the idea of an innovative currency. The group of nations plans to share proposals at a forthcoming summit in South Africa, which has led to discussions on the potential impact on the U.S...

The BRICS alliance is exploring the creation of an innovative currency, with plans to share proposals on its establishment at the forthcoming summit in South Africa, according to Alexander Babakov, deputy chairman of Russia's parliament, the State Duma. Speaking at the St. Petersburg...

A YouTube star known for handing out large sums of money and high-value prizes to unsuspecting subscribers has been using his platform for more charitable acts over the last year or so. In his latest video, he found a way to put shoes on the feet of thousands of children in need....

South Africa is looking for 300 participants to take part in a first-ever cannabis trial that will examine the plant’s potential as an effective alternative treatment for chronic pain among patients currently using opioids. Results of this year-long study being...

The South African Reserve Bank announced plans to initiate cryptocurrency regulations in 2023 in order to classify and treat digital currencies as financial assets. What Happened: South African Reserve Bank Deputy Gov. Kuben Chetty presented plans for new legislation on crypto ...