South Africa misses out on R6.5 billion

• South African foreign spending lost R6.5 billion last year due to low visitor numbers from BRICS partners, China and India.
• Foreign direct investment inflows reached R49.8 billion in the second quarter, up from R20.3 billion in the prior quarter, and South African equities advanced with the JSE All Share Index rising 0.31% and the Top 40 Index 0.39%.
• OpenAI is in talks with investors to raise $30 billion in a pre-IPO funding round at a valuation of $1.4 trillion.