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ANC looks for new levers to boost South Africa’s economy

by sundelbolong | Jun 1, 2020 | Business & Finance News

The head of economic transformation in South Africa’s ruling party proposed a range of measures to bolster the economy, ranging from encouraging the use of pension funds and the central bank to finance infrastructure spending to the creation of a state bank and...

South Africa diesel dearth to lift in weeks as refining restarts

by sundelbolong | May 29, 2020 | Business & Finance News

A shortage of diesel fuel in South Africa will ease up in a few weeks when about 30% of its refining capacity, idled because of a drop in demand spurred by the Covid-19 lockdown, will return to service. Sasol and Total SA shut the Natref refinery in April after the...

Bankers staying home as South Africa slowly grinds back to work

by sundelbolong | May 24, 2020 | Business & Finance News

Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week. The usually buzzing escalators that criss-cross the four-story building in Sandton, South Africa’s business capital, were eerily...

S&P maintains South Africa’s junk status, warns of Covid-19 impact on growth

by sundelbolong | May 23, 2020 | Business & Finance News

S&P Global Ratings has maintained South Africa’s sub-investment grade, warning that the impact of Covid-19 could see the economy shrink by 4.5% this year. According to a report released on Friday, the country’s long term foreign and local currency debt...

FIN24 SPEAKS | Where will South Africa stand as the East takes the lead in global politics?

by sundelbolong | May 22, 2020 | Business & Finance News

We’re currently experiencing serious technical problems on the site, and as a result are unable to update the news – even though our market data is running as per normal. We sincerely apologise for any inconvenience caused and hope to be up and running again this...
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