12/21/2020
Pension funds seek clarity on foreign currency trading
Inordinate delays in moving funds compounded difficulties in operating US-dollar policies, particularly settling claims.
Alternative Investments
12/21/2020
Eskom: PIC ponders pension fund plunder for bailout
Eskom’s bailout emerging as equity swap by biggest bondholder
12/21/2020
Who paid the price for Covid-19 lockdowns? Your pension fund, shareholders – SA listed property
Barnard says the listed property sector, which is down 33% year-to-date, has recovered 19% from its lows.
12/21/2020
Zimbabwe: First Capital Completes Migration From Barclays, Offers New Products
Guided by this endeavour the bank has partnered with RIA Money Transfer Services becoming one of a few local banks providing money transfer services at a large magnitude enabling receipt of foreign currency through a diverse branch network system.
12/21/2020
The countries where South Africans are buying offshore property
During the lockdown, Golding said there has been a significant increase in enquiries from South Africans for property offering residency in Mauritius, attributable to a number of factors.
12/18/2020
Madagascar: The African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project
The financing comprises a loan of UA 20 million ($28.6 million) from the African Development Fund (ADF), the concessional lending window of the Bank, and a loan of UA 10 million ($14.3 million) from Pillar 1 of the Transition Support Facility (TSF), the B
12/18/2020
EBRD and GCF boost green economy and value chains in Morocco
The deployed green solutions will help SMEs increase their competitiveness and access new markets.
12/17/2020
Government debt escalates to R3.7 trillion, says Reserve Bank
In October, Finance Minister Tito Mboweni warned that the stock of gross debt would rise from roughly R4 trillion this year and to R5.5 trillion in 2023/24.
12/17/2020
AfDB secures nearly US$90 mln in new funding towards sustainable energy in Africa
The Nordic Development Fund committed €10 million ($12.19 million), while the Swedish International Development Cooperation Agency put forward a promise of $8.98 million.
12/16/2020
Ghana GDP Contracts For a Second Quarter as Industry Stalls
Quarter-on-quarter GDP contracted 0.3%.
12/16/2020
ITFC launches letter of credit confirmation product
It aims to manage the risks associated with trading amid the pandemic, while also helping to facilitate trade and ensuring the steady supply of goods, states the ITFC.
12/15/2020
How the Finance Bill will affect you
The Finance Bill, when signed into law, will have varying effects on individuals, businesses and organisations in Nigeria.
12/15/2020
T-bills under target as bond sale sucks up liquidity
Investors bid were worth Sh1.55 billion on the Sh4-billion 91-day T-bill, and Sh3.01 billion and Sh5.28 billion for the 182 and 364-day offers respectively, which sought Sh10 billion each.
12/15/2020
Australia, South Africa Take On The Late Payments Fight
Five-day payment terms will be possible through Australia's new eInvoicing solution, the nation's Treasury announced recently.
12/15/2020
Swiss Re eyes expansion in South Africa with new direct insurance licence
Swiss Re Corporate Solutions established operations in South Africa in 2015. To date it has operated in the country as Swiss Re Corporate Solutions Advisors South Africa, a licenced Financial Services Provider binding direct commercial insurance business
12/15/2020
Technology drives an inclusive trading market
Today, trading is accessible to anyone with disposable income, young or old
12/15/2020
Financial considerations for expats
Are your SA portfolios taken care of?
12/14/2020
Nigeria’s tottering economic recovery roadmap
South Africa, Nigeria’s strong regional rival, plugged into recession before COVID-19 struck. It merely sank deeper, recording over 50 per cent contraction in Q2 2020 as the pandemic squeezed economies globally.
12/14/2020
African Development Bank’s Akinwumi Adesina, three others win Academy of Public 2020 top Distinguished Fellowship Award
The four have been recognized for their style of transformative leadership which inspires emerging young leaders in public health to strive to make a difference in their work, the Academy said in a statement at the weekend.
12/13/2020
Despite non-recognition Somaliland keeps attracting international investors
The livestock sector, the backbone of the economy, is relatively undeveloped with limited extension and support services, while the fisheries sector has barely been tapped.