‘Sasol’s management has been excellent’ – David Shapiro
As is customary for Monday, David Shapiro talks to the BizNews team about all the action taking place within global markets.
As is customary for Monday, David Shapiro talks to the BizNews team about all the action taking place within global markets.
Tiger Brands declares special dividend of 133 cents per ordinary share with the South African Reserve Bank approving payment.
Much has been written and said about diversifying one’s investment portfolio. One of those options is investing offshore to access international assets and as a hedge against rand-denominated and South African political risk.
The decision to place VBS Mutual Bank under curatorship was based on concerns that the bank was facing a liquidity crisis and could collapse, devouring depositors’ funds.
VBS Mutual Bank, one of South Africa’s smallest lenders, has been put into administration after it was unable to repay money owed to municipalities, according to the country’s central bank.
The pre-budget presser looked very much like the Finance Ministry’s version of Custer’s Last Stand.
OUTA calls on Public Protector advocate Busisiwe Mkhwebane to resign, following the recent court rulings against her office, particularly last week’s ruling on the CIEX matter.
After Bank of Baroda started closing the Guptas’ bank accounts, OUTA has now won an urgent court interdict to halt them from pilfering mine rehab accounts.
South African Reserve Bank governor Lesetja Kganyago kept the repo rate steady at 6.75%. Despite 17 of 21 economists surveyed by Bloomberg expecting a cut.
From a broader perspective the Rand had another turbulent month, but the trend towards long-term weakening which has been with us for the past year is still very much intact.