News Updates

Johannesburg

Rand steady after overnight post-Fed losses

October 30, 2014

The South African rand recovered some of its poise against the dollar on Thursday after retreating sharply overnight when the U.S. Federal Reserve surprised global markets with a fairly hawkish policy statement.

Abil collecting $230m of debt a month

October 30, 2014

Failed South African lender African Bank Investments is collecting around $230 million of debt a month and has applied for a new banking licence as a step towards re-listing, its government-appointed supervisor said on Wednesday.

Undictated: The upside of social media’s mainstreaming

October 30, 2014

Our social media obsession is having a predictable impact on the art of conversation. But an upside is how it also frees up information channels. In this highly connected world, one propagates untruths at your peril.

Rand hovers near 7-week high

October 29, 2014

South Africa’s rand was steady against the U.S. dollar on Wednesday after rallying to its strongest level in 7 weeks overnight, alongside other emerging currencies as investors bet that U.S. interest rates would remain low for some time.

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