Economy

"SA likely to be spared a downgrade"

SA will likely be spared a ratings downgrade by Moody's Investors Service following the appointment of ex-Reserve Bank Governor, Tito Mboweni, as Minister of Finance, according to analysts.

more

‘SA should seek damages from KPMG over bank graft’

South Africa should seek damages from global auditor KPMG for the role it played in a corruption scandal that saw at least $130 million stolen from local bank VBS, a central bank investigation published on Wednesday said.

more

US stocks turn negative amid more Trump attacks

Wall Street stocks were back in selloff mode in late morning trading Thursday in what was shaping up to be a volatile sequel to the prior session's rout, amid another attack on the US central bank by President Donald Trump.

more

US jobless claims rise unexpectedly

The number of Americans filing for unemployment benefits unexpectedly rose last week but remained near a 49-year low, and the increase appeared unlikely to dislodge the view that the United States labor market remains strong.

more

SA gets $35 billion in investment pledges

South Africa has investment commitments of $35 billion as part of plans by President Cyril Ramaphosa to attract $100 billion over the next five years to revive the country’s flagging economy, his economic adviser told Reuters on Wednesday.

more

Japan issues warning against volatile stock, currency moves

Japanese Finance Minister, Taro Aso, said on Thursday he was watching stock and currency moves with vigilance, issuing a warning over the yen’s recent appreciation that could damage the country’s export-reliant economic recovery.

more

SA government exploring ways of capping price of unleaded petrol

The petrol price is at an all-time high, with consumers feeling the brunt of the soaring costs of transport and food.

more

BMW to buy control of China venture in 'new era' for foreign carmakers

Germany’s BMW (BMWG.DE) will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.

more

Steinhoff's shares plunge after global rout, report on retailer's ex-CEO

Steinhoff’s shares fell more than 9% on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.

more

World Bank criticises Kenya's approach to cutting fiscal deficit

The World Bank urged Kenya to cut spending on public sector wages and other recurring items to reduce its debt load, instead of slashing development spending as that is restraining economic growth.

more

Web Content Viewer (JSR 286)

Actions
Loading...

ADVERTISEMENT

Web Content Viewer (JSR 286)

Actions
Loading...