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 1, 2020 | Business & Finance News
A draft plan proposed by the business rescue practitioners of South African Airways calls for taxpayers to cough up about R4.6 billion more to save the debt-laden struggling national flag carrier. The draft proposal, which has been seen by Fin24, makes provision for a...
by sundelbolong | May 28, 2020 | Business & Finance News
South Africa is seeking investments from multilateral lenders, commercial banks and pension funds in what a senior ANC official says will be a $20.5 billion (roughly R350 billion at current exchange rates) infrastructure program. The program will focus on...
by sundelbolong | May 28, 2020 | Business & Finance News
Revenues generated by airlines in the South African market will fall by about R55 billion ($3 billion) in 2020 – 56% below 2019 levels, according to the latest estimates by global airline body the International Air Transport Association. It is estimated that the...
by sundelbolong | May 27, 2020 | Business & Finance News
Woolworths may give its Australian businesses up to R1.1 billion in funding support to survive the impact of Covid-19, after its Country Road stores were forced to close during that country’s lockdown while David Jones suffered from lower numbers of people...
