South African taxpayers can’t keep bailing out broken airline
R21 billion: that’s how much South Africa’s beleaguered national carrier, South African Airways (SAA), says it needs to keep running.
SAA has reached this point...
Did South Africa’s investment summit mark a game-changing moment?
To some observers, South Africa’s recent investment summit led by the president Cyril Ramaphosa, seemed like much ado about nothing. Several of the projects...
Inflation soars to 3.2% in July
With the lockdown gradually easing, the annual consumer price index (CPI) rose to 3.2%, up from 2.2% in June.
The increase was the biggest monthly...
Government looks at economic spin off for 4IR
Government will, through the Presidential Commission on the Fourth Industrial Revolution (4IR), coordinate its efforts to ensure that South Africans derive an economic spin...
Crescent Enterprises joins World Economic Forum’s EDISON Alliance to champion inclusive...
Crescent Enterprises CEO Badr Jafar serves as a Champion of the Alliance, mobilizing peers, networks and initiatives in the region and beyond
Company...
Ep 19: Why women need to take charge of their finances...
Watch Janet Hugo, CFP® of Sterling Private Wealth answer these questions:
- Why do women need to take charge of their financial future?
- Why are...
UK inflation sets up a marathon for BoE
UK inflation has come in slightly weaker than expected, but this does not significantly bring the rate cut date any nearer.
The CPI rose by...
Africa Finance Corporation hires Blackstone’s Zarou CEO, Sameh Shenouda, as CIO
LONDON--(BUSINESS WIRE/AETOSWire)-- Africa Finance Corporation, one of the biggest investors in infrastructure solutions in Africa, is pleased to announce the appointment of Sameh Shenouda...
ECB dovish assurance hurts euro
The European Central Bank left monetary policy unchanged, keeping the key rate at 4.5% since September. Much of the focus of the Q&A session...
Eskom battles under mounting debt
High levels of debt and default risk have left Eskom in dire straits as the power utility battles to meet demand.
The embattled parastatal is...
BRICS is being battered by global crises: why this might not...
At the BRICS summit in Russia two years ago, Chinese Premier Xi Jinping invoked physics when asking fellow leaders “to boost the centripetal (unifying)...
Lending rates remain unchanged, SA Reserve Bank
The SA Reserve Bank announced that the lending rate to banks remains the same at 6.5%. The prime lending rate will remain at 10%.
The...
