Economy

French state to absorb billion euros of SNCF debt

French Prime Minister, Edouard Philippe, told unions on Friday the government would absorb $41 billion of SNCF rail company debts, a labour union said after the meeting.

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European equities rise at open

European stocks advanced at the open on Friday, rebounding from the previous day's losses that were sparked by United States President, Donald Trump's decision to axe a summit with North Korea.

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Tokyo stocks see limited gains as Trump bins Kim talks

Tokyo stocks closed slightly higher on bargain-buying Friday but gains were capped by concern about Donald Trump's decision to pull out of next month's summit with North Korean leader, Kim Jong Un.

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Senegal’s economy almost a third bigger after data overhaul

Senegal’s economy is almost a third bigger than previously estimated after the West African nation’s statistical agency changed its base for measuring gross domestic product (GDP).

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SA interest rates unchanged

The monetary policy committee of the South African Reserve Bank has decided to keep the repo rate unchanged at 6.5%, in line with the expectations of economists.

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SA rand dips ahead of credit rating reviews

South Africa's rand weakened in cautious trade early on Friday as investors took profits from a rally in the previous session ahead of a ratings decision by S&P Global.

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SOE CEOs aim to invest billions into SA economy

South African President, Cyril Ramaphosa, says government has received an undertaking of investment of more than $32 billion (R400 billion) over the next five years by Chief Executive Officers (CEOs) of State Owned Enterprises.

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SA Reserve bank to remain ‘vigilant’ on inflation target range

The South African Reserve Bank has cited the recent Value-Added Tax increase and electricity tariff hikes as the biggest risks to the inflation outlook in the coming months.

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SA Express grounded over ‘serious safety risks’

South African Express’s operating permits have been suspended by the South African Civil Aviation Authority (SACAA). The decision means that South African Express will effectively be grounded.

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Oil prices drop on expectations OPEC could boost output

Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran.

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