SA banks to issue new loss-absorbing debt to prevent bailouts
SA’s largest banks will start issuing a new class of loss-absorbing debt, known as financial loss absorbing capacity instruments.
SA Investing
South African stocks shine despite China woes, mining sector lags
FTSE/JSE Africa All Share Index has soared, yet mining stocks lag, hit by slumping iron ore prices due to China’s property crisis.
SA’s platinum mining industry in terminal decline, Northam CEO says
South Africa’s platinum mining industry is facing an irreversible decline
Finance Minister Godongwana says stable GNU politics are boosting SA markets, buoying Rand
Godongwana attributed the market’s positive response to the political stability brought by the new government.
Kenny Fihla poised as heir apparent in Standard Bank’s strategic leadership shift
Standard Bank Group has appointed Kenny Fihla as Chief Executive of The Standard Bank of South Africa
Naspers eyes R91.4bn e-commerce boost for SA by 2035
Naspers predicts that e-commerce and digital platforms will contribute R91.4bn to SA’s GDP by 2035.
MTN posts first loss since 2016 due to Naira devaluation
MTN reported its first loss since 2016 due to the Nigerian naira’s severe devaluation.
Arrie Rautenbach to retire early as Absa Group CEO: Transition to interim leadership announced
Absa Group has announced that its CEO, Arrie Rautenbach, will be taking early retirement.
South Africa’s investment projects soar in 2024 as power supply improves
South Africa’s investment projects surged in the first half of 2024
Primedia explores sale as African media interest grows
Investors in Primedia Group are exploring strategic options for their stakes in the South African broadcaster