by sundelbolong | Jun 5, 2020 | Business & Finance News
The African Development Bank has agreed to an external review of an investigation that found no evidence of wrongdoing by its president, Akinwumi Adesina. The decision comes two weeks after US Treasury Secretary Steven Mnuchin rejected the findings by the bank’s...
by sundelbolong | Jun 5, 2020 | Business & Finance News
The SA Reserve Bank again purchased over R10 billion worth of SA government bonds in May, as it continues to inject liquidity into the market amid the economic shock of the Covid-19 pandemic. The central bank purchased R10.2 billion in government bonds on the...
by sundelbolong | Jun 4, 2020 | Business & Finance News
South African farmers are increasingly turning to commercial lenders to top up their working capital as the Land and Agricultural Development Bank battles a liquidity crisis. The Land Bank, which supplies about 30% of loans in the agricultural industry, missed a loan...
by sundelbolong | Jun 3, 2020 | Business & Finance News
South Africa’s central bank ruled out helping the government fund its runaway budget deficit by paying for its spending through loans, as the ruling party debates using the institution to fund infrastructure and development. “We do not think it is prudent to finance...
by sundelbolong | Jun 2, 2020 | Business & Finance News
South Africa’s antitrust authorities have charged 28 international and local banks which now include Nedbank and Rand Merchant Bank for manipulating the rand exchange rate. The Competition Commission filed its new charge sheet against the banks with the Competition in...
