Business Report

The United States has pledged to strengthen its mining partnership with South Africa, while London-based money-transfer company Wise is preparing to expand its services in South Africa. Economist Professor Waldo Krugell talks about the rand, the Medium-Term Budget and another fuel price increase. In international business news, OpenAI has admitted that its response to a June cyber breach in Australia was not good enough, and locally, Santam’s market value jumped by almost 11 billion rand. We conclude the programme with a discussion about sustainability. We are joined by Sashen Singh of Nedbank, who recently attended the ESG and Sustainability Conference.