by sundelbolong | May 28, 2020 | Business & Finance News
The South African Reserve Bank says SA’s financial system is under stress and headed for “extraordinary shocks”, as people are expected to struggle servicing their debt or keep their insurance policies in place, while those who still have money to...
by sundelbolong | May 28, 2020 | Business & Finance News
South African banks may be better placed than their European counterparts to weather the Covid-19 storm, but they are not immune to collapsing, the South African Reserve Bank warned on Wednesday. Stress tests performed back in 2018 showed that local banks are...
by sundelbolong | May 27, 2020 | Business & Finance News
The African Development Bank’s board has agreed to an independent probe of its president, Akinwumi Adesina, after the US rejected an internal investigation that cleared him of allegations of favouritism, according to two people familiar with deliberations on the...
by sundelbolong | May 27, 2020 | Business & Finance News
Development Bank of Southern Africa is in talks with multilateral lenders and commercial banks to help plug a funding gap as disruptions in debt capital markets hinder its ability to sell bonds. The bank needs the extra financing to keep disbursing loans as demand...
by sundelbolong | May 25, 2020 | Business & Finance News
US Treasury Secretary Steven Mnuchin rejected plans by the African Development Bank’s board to end an investigation into its president, Akinwumi Adesina, and called for an independent probe into allegations against him. In a letter dated May 22 and addressed to Niale...
