South Africa

“Silent demise” of world’s vast rangelands threatens food supply of billions, warns UNCCD report

bne IntelliNews May 21, 2024

Sixty-plus experts examine degradation caused by land overuse and misuse, climate change and biodiversity loss.

BRICS currency is coming soon, Iranian ambassador

bne Tehran bureau May 19, 2024

Iran is actively participating in initiatives under Russia's leadership in BRICS, with the two countries working towards creating a single currency for the bloc, Iranian Ambassador to Russia Kazem Jalali said to local media.

Russia's nuclear diplomacy binding emerging markets to the Kremlin

Ben Aris in Berlin May 14, 2024

Currently, Rosatom controls approximately 70% of the world export market for the construction of nuclear power plants where emerging powers in the global south are trying to boost their energy production and turning to Moscow for nuclear power.

IMF: Sub-Saharan Africa's growth requires quality education for growing population

Michele Fornino, Andrew Tiffin for the IMF April 26, 2024

Demographic transition may be the biggest single opportunity for the economies of sub-Saharan Africa, but countries will only be able to enjoy the dividends if they make sufficient investment in education.

IMF: Paying Africa’s Climate bill

MICHAEL OLABISI is an assistant professor at Michigan State University April 24, 2024

The world's poorest countries, especially those in Africa, are struggling to pay for a climate crisis they cannot afford.

Disaster season: heat waves sweep the world – in charts and maps

Ben Aris in Berlin April 8, 2024

In the last week temperatures have soared, breaking monthly records in nearly half the countries on the planet. In much of Europe temperatures have reached those of mid-summer in the first week of April.

COMMENT: Sub-Saharan Africa recovery stuck in low gear

bne IntelliNews March 28, 2024

Sub-Saharan Africa is poised for a gradual economic upturn in the coming years, buoyed by an enhanced external milieu that diminishes the risk of significant currency devaluations and sovereign defaults.

BRICS announce a blockchain-based payment system to create a common currency

bne IntelliNews March 28, 2024

For a long time the BRICS countries have been trying to move away from the dollar, but creating a common currency has not been possible, due to the dominance of China's economy within the group.

Where water stress will be highest by 2050

Martin Armstrong for Statista March 24, 2024

Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.

EM winners and losers from the global green transformation

Ben Aris in Berlin March 19, 2024

The global green transformation will create a windfall for many Emerging Markets that are home to large deposits of essential raw materials needed for the revolutions, while others like oil producers will take a hit and see their growth slow.

Antarctic ice melt barriers disappearing twice as fast

by Roberta Harrington in Los Angeles February 28, 2024

Undersea anchors of ice that help prevent Antarctica’s land ice from slipping into the ocean are shrinking at more than twice the rate compared with 50 years ago, research shows.

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