by Bernadette | Jun 2, 2020 | Business & Finance News
The global economy is facing “staggeringly large” losses and the recovery effort is hampered by a shortage of resources to make up for the damage caused by the coronavirus pandemic, World Bank President David Malpass said on Tuesday. While the...
by Bernadette | May 29, 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...
by Bernadette | 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 Bernadette | 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 Bernadette | 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...
