Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Sat, Oct 12, 2024 05:37 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Wandile Sihlobo

Visiting Research Fellow, Wits School of Governance, University of the Witwatersrand
Wandile Sihlobo is the Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz) and the author of "Finding Common Ground: Land, Equity, and Agriculture." He is also a Visiting Research Fellow at the Wits School of Governance, University of the Witwatersrand.

He holds a Bachelor of Science degree in Agricultural Economics from the University of Fort Hare and a Master of Science degree in Agricultural Economics from Stellenbosch University. Sihlobo was appointed as a member of President Cyril Ramaphosa’s Presidential Economic Advisory Council in 2019 after serving on the Presidential Expert Advisory Panel on Land Reform and Agriculture between 2018 and 2019. He is also a member of the Council of Statistics of South Africa (Stats SA). He is a Commissioner at the International Trade Commission of South Africa (ITAC).

Unlocking China: South Africa's Agricultural Trade Opportunities

Sep 16, 2024 08:36 am UTC| Insights & Views Business

South Africas agricultural sector has more than doubled in value and volume terms since 1994. This success has been linked to international trade. Exports now account for roughly half (in value terms) of the annual...

This is how President Ramaphosa got to the 25% figure of progress in land reform in South Africa

Mar 22, 2024 11:50 am UTC| Insights & Views Law Economy

Nearly three decades into democracy, land reform remains central to South Africas transformation policies and agricultural policy. We have over the years pointed out that the progress on land reform has been incorrectly...

South Africa’s farm exports are an economic lifeline – with weak spots

Sep 20, 2022 06:20 am UTC| Economy

International trade has been at the core of South Africas agricultural progress since the early 2000s. Since 1994, the country has excelled in opening up new markets, as evidenced by several free trade agreements with...

The EU's Green Deal: opportunities, threats and risks for South African agriculture

Oct 31, 2021 23:34 pm UTC| Politics Economy

The European Union among a host of other countries is seeking to implement urgent policy measures to combat the effects of climate change. In its 2030 climate target plan, the EU aims to reduce greenhouse gas emissions...

Emerging Market Crisis Series

Small towns are collapsing across South Africa. How it's starting to affect farming

Jun 20, 2021 12:13 pm UTC| Economy

Farming and agribusiness play a crucial role in sustaining the economies of small towns and rural areas. There is a lot of evidence of this in the economic literature and in the popular media. This dependency has its...

Economy

S&P 500 and Dow Close at Record Highs Amid Strong Financial Earnings and Inflation Outlook

The SP 500 and the Dow Jones Industrial Average achieved record closing highs on Friday, driven primarily by surging financial stocks. Major banks and asset managers reported strong quarterly earnings, which helped boost...

Labour Government Faces Tax Hikes Amid Public Service Cuts, Think Tank Warns

As Britains new Labour government prepares for its first budget on October 30, it may need to increase taxes by 20 billion ($26 billion) to prevent real-terms cuts in public services, according to a report by the...

Boeing Cuts 17,000 Jobs and Delays 777X Deliveries Amid Strike

Boeing Announces 17,000 Job Cuts Amid Strikes and Financial Losses Boeing, one of the worlds largest aerospace manufacturers, is set to reduce its workforce by 17,000 employeesrepresenting a 10% cut globally. This...

U.S. Election Could Mark a Turning Point for the Dollar – What Experts Predict

As the upcoming U.S. presidential election approaches, financial analysts predict that the outcome could significantly impact the value of the U.S. dollar. Whether a Trump or Harris victory, each scenario presents unique...

Whitestone REIT Considers Revised $15-Per-Share Offer from MCB Real Estate

Whitestone REIT (NYSE: WSR) is currently assessing a formal $15-per-share acquisition offer from MCB Real Estate, valuing the shopping mall operator at approximately $1.45 billion. This revised proposal has garnered...

Politics

Donald Trump Vows to Put American Citizens First: ‘We Will Crush Communists, Marxists, and Fascists to Save Our Nation!’

During a fiery speech at his latest campaign rally, former President Donald Trump laid out his vision for America under his administration, emphasizing a strong commitment to prioritizing the needs of U.S. citizens. In a...

‘Kamala’s Nightmare!’ Surrogates Defend Venezuela’s TDA Crime Syndicate After Horrific Murder of 12-Year-Old: ‘Rock Bottom’

In a political scandal that has rocked Kamala Harris campaign, surrogates of the Vice President have come under fire for defending the notorious Tren de Aragua (TDA) crime syndicate, a Venezuelan gang allegedly responsible...

‘Democrats Will Go to Any Lengths to Win!’ Sammi Blasts Secretly Recorded Event with Roger Stone: 'They Didn’t Elect Their Own Nominee!’

In a fiery statement posted on social media, political figure Sammi accused Democrats of resorting to extreme measures to influence elections, referencing a recent incident in which her August event with Roger Stone was...

‘I Thought Republicans Could Never Get the Black Vote!’ Woman Slams Joe Biden, Declares ‘We Want Trump Back!’

In a surprising turn, a young woman expressed her frustrations with the Biden administration, citing rising living costs and an increasingly difficult economic situation. Her unexpected declaration, We want Trump back! has...

‘Look How Far Down Donald Trump’s Name Is!’ Voter Outraged After Receiving Ballot with RFK Jr. Listed and Newsom Drama

A recent social media post has sparked outrage as a voter claimed to receive a ballot with Robert F. Kennedy Jr.s name still listed and former President Donald Trumps name placed surprisingly far down the list. The tweet,...

Science

SpaceX Gears Up for Starship Flight 5 Launch, With Key Preparations Underway in Texas

SpaceX is finalizing preparations for Starship Flight 5, scheduled for October 13. Teams were seen installing the flight termination system, a key pre-launch step, indicating imminent launch activity. Local authorities in...

SpaceX Prepares for Starship Flight 5, Tower Catch Planned After Successful Tank Tests

After successful tank tests, SpaceX is gearing up for Starship Flight 5 in Texas. The company confirmed plans for the first-ever Super Heavy booster tower catch, pending regulatory approval. The flight marks a key...

SpaceX Activates Starlink Texting for T-Mobile in Florida as Hurricane Milton Approaches

SpaceX has activated Starlink texting for T-Mobile customers in Florida ahead of Hurricane Milton. This service allows users to send messages, including emergency texts to 911, using Starlinks satellite network, ensuring...

SpaceX Prepares to Launch NASA’s Europa Clipper Mission to Jupiter’s Moon Next Week

SpaceX is gearing up for the much-anticipated launch of NASAs Europa Clipper mission to Jupiters moon, Europa, next week. After overcoming recent Falcon 9 setbacks, SpaceX has encapsulated the satellite within the Falcon...

Europe Pushes Back Against SpaceX's Efforts to Expand Starlink Direct-to-Cell Operations

European mobile network operators are opposing SpaceXs initiative to expand Starlink Direct-to-Cell services, urging the U.S. Federal Communications Commission (FCC) to reject SpaceXs request to operate beyond standard...

Technology

BYD Unveils Denza N9, a 1,000 HP Luxury SUV That Could Rival Porsche

BYDs Denza N9 luxury SUV, built on the new e-Platform 3.0, is gearing up for a launch later this year. With a 1,000 horsepower powertrain, the N9 is expected to challenge top-tier electric SUVs in the luxury...

Tesla's Robovan Glides Like a Hovercraft—Elon Musk Unveils the Game-Changing Suspension System

Tesla wowed the crowd at the We, Robot event with its Robovan, a futuristic vehicle that appears to float with its automated load-leveling suspension system. Elon Musk revealed how the system adjusts to road conditions,...

Former Binance CEO CZ Warns of Emerging AI Risk, Calls for Crypto Community Caution

Changpeng Zhao, the former head of Binance, has issued a fresh warning about the growing use of AI in potential threats to the cryptocurrency community. Ripple CEO Brad Garlinghouse has also cautioned users to stay...

Kamala Harris Receives $1M in Ripple’s XRP—Crypto Execs Hope to Shift Her Digital Asset Stance

Kamala Harriss 2024 campaign received a $1 million donation in XRP from Ripple co-founder Chris Larsen, Federal Election Commission records reveal. This is the first known cryptocurrency donation to her campaign,...

Shiba Inu Surges Back as Lucie Drops Major Warning: FUD Must Stop or SHIB Will Suffer

Shiba Inu is on the rebound after a sharp 13% decline, and marketing lead Lucie has issued a strong warning to the SHIB army. She calls for an end to FUD and urges holders to focus on the growing market demand driving...