News Stream

Currently viewing: Money

Better-than-expected consumer inflation figures gives the central bank an opportunity to cut interest rate.
February's slowdown however calls into doubt whether the Bank of England will increase its main interest rate this Thursday as expected ahead of the latest data.
Results showed Sun City as the star performer, with a 7 percent increase in revenue, translating into a 58 percent gain in ebitda.
Sebulela said that the BBC also calls upon the "dark forces" who were making the job of SAA difficult to stop their campaigns.
The Commerce Department on Monday also began accepting applications from US importers for exemptions on particular steel and aluminum products.
The South African Civil Aviation Authority, which falls under the Department of Transport, is one of few entities that has a good handle on its finances.
The group however said operating profit from its school division declined 13 percent.
The food maker is warning shareholders to expect major losses from the company’s meat unit due to the outbreak and subsequent product recall.
The bank admitted it fell short of its own standards to mitigate risks but said it was taking action to rectify these deficiencies.
The company says its long-term strategy is to build the lowest cost insurance company on the market.
Defying pressure from Washington, Total signed a deal with Iran in July to head up an international consortium to develop Iran's vast South Pars offshore gas field.
Tiger Brands said the potential losses, which it estimated at between R28 and R33-million, were for March.
The South African Reserve Bank was justified in placing VBS Mutual Bank under curatorship. By JANNIE ROSSOUW.
Lagarde is in Buenos Aires for a meeting Monday and Tuesday of G-20 finance ministers and central bank presidents.
Kuczynski made the disclosure during more than seven hours of questioning on Friday as he tried to disentangle himself from a growing corruption scandal.
Venezuela's national currency, the bolivar, has plummeted in recent years amid a crippling economic crisis.
In a telephone discussion, the two newly re-elected leaders emphasised close ties between their countries, both facing planned US steel and aluminium tariffs.
In a bid to limit the cost of borrowing faced by businesses and individuals, Kenya capped commercial lending rates in September 2016.
Velloso said Lourenco's government had already supported the economy by devaluing the kwanza currency, promising to reduce debt and restructuring state oil company Sonangol.
Banks were slightly weaker‚ despite a stable rand‚ while gold and diversified miners found support from dollar weakness.
For the better part of the week‚ the rand was confined in a narrow trading range‚ although with a slightly weaker bias.
Headline earnings per share climbed to 1,023 cents in the six months, versus 893 cents over the same period in 2016. ARM declared a maiden interim dividend of 250 cents per share.
Isivuvu Technical Solutions, wants to expand its footprint to Ghana and Nigeria in the engineering, energy generation and transmission sectors.
The government plans to push through its reform plans by decree in the coming months to improve services that cost 30 percent more to operate than elsewhere in Europe. would like to send you push notifications.
Notifications can be turned off any time in your browser settings.
You have been registered for browser notifications