04/11/2023
The bank collapsed mainly due to the US Federal Reserve’s (Fed’s) aggressive interest rate hikes over the last year, which crippled financial conditions in the startup environment in which SVB was a notable player.
04/10/2023
Some of the paperwork was either incorrect, in the case of the fraud charge, or missing, in the case of the corruption charge, the statement adds.
04/06/2023
The hike marked the ninth consecutive increase since the start of the rate cycle in November 2021. Rates are currently at their highest point since the year of the global financial crisis.
04/05/2023
The next structured dialogue platform meeting will take place in Harare in late April/early May and will be followed by a high-level debt resolution forum meeting on the 11th of May.
04/04/2023
More than half of Kenyans without jobs or 1.54 million people were between 20 and 29 years, underlining the growing crisis of youth unemployment.
04/03/2023
How the mega-rich are preparing for a new post-Covid world elsewhere
03/28/2023
It noted that two in three consumers (63 per cent) of the Nigerians who took part in its survey stated that they collect funds at least once a month, with 70 per cent also transferring money abroad at the same rate.
03/27/2023
The new tariffs will see electricity prices increase by between 15 percent to 20 percent on average from next week, setting up consumers for higher prices of manufactured goods.
03/27/2023
In addition to this, total billionaire wealth was also down 10% compared to last year, with the richest people in the world worth a cumulative US$13.7 trillion.
03/27/2023
Old Mutual Wealth strategist Izak Odendaal also sees the SARB hiking rates by 25bps – but thinks that the rate should hold instead.
03/24/2023
The Health Department was the worst offender and owed more than R55 million to businesses in roughly 2,000 invoices by the year’s end.
03/23/2023
Credit Suisse has been bleeding billions following the collapse of the UK lender Greensill Capital and the US investment firm Archegos Capital over recent years.
03/21/2023
And we have estimated 548 million Africans living in poverty in 2022 and 149 million at risk of falling into poverty in the same year.
03/21/2023
Survey shows many Zoom calls and project updates could disappear without any negative effect
03/14/2023
Forward-rate agreements, used to speculate on borrowing costs, show traders are pricing in a 25 basis-point increase.
03/13/2023
While market consensus expected South Africa’s Q4 data to show a contraction of 0.4% for the period, the final figure came in at -1.3%.
03/13/2023
But the career manager who built a 25-year reputation around the world as a turnaround artist said he is “not worried” about his future at the company, and so he will not be drawn into the speculative debate about his tenure.
03/10/2023
The current-account gap and the budget shortfall, which the Treasury sees narrowing to 4% of GDP in the fiscal year through March 2024
03/07/2023
Network infrastructure – mainly provided by state-owned monopolies and needed to enable higher levels of GDP growth
03/06/2023
During his response to the State of the Nation Address on 17 February, home affairs minister Motsoaledi said that people would soon be able to get their passports and smart IDs at select malls.