Ntando Thukwana, Bloomberg on 07/05/2026

Moody’s says South Africa on track to stabilise debt this year

The agency saw South Africa’s debt peaking at 86.8% of gross domestic product in the fiscal year ending March 2026, above National Treasury’s 78.9% forecast, before easing to 84.9% by 2028.

N Ntando Thukwana, Bloomberg
Tassia Sipahutar and Srinidhi Ragavendran, Bloomberg on 07/05/2026

Amazon cuts workers, phases out grocery service in Singapore

The move is part of a broader shift toward international e-commerce and prioritises growing demand in Singapore for products sourced from overseas, Amazon said in a statement on Thursday.

T Tassia Sipahutar and Srinidhi Ragavendran, Bloomberg