04/24/2020
Some banks have for instance asked borrowers seeking to defer repayment of their loans to provide letters from employers showing proof of salary cuts or job termination as a condition to be considered for the relief.
04/23/2020
But the bank says the need for assistance which include payment holidays and additional credit extension is vast and still growing.
04/23/2020
The statement, issued at the end of the 76th Board Meeting of the EABC, said all six members of the EAC--Tanzania, Kenya, Uganda, Rwanda, Burundi and South Sudan --have been affected by the viral disease.
04/23/2020
One of the core objectives of the Act is to bring the laws into line with the federal government’s policies and to generate short-term revenue to fund the 2020 Budget.
04/23/2020
Businesses on the continent are having stresses so you don’t expect them to ramp up production especially at a point they can’t export.
04/23/2020
Drawing on the experiences of our international network especially in markets where the COVID-19 outbreak took hold earlier than in Botswana, Standard Chartered Bank Botswana took early and decisive steps to prepare for the pandemic.
04/22/2020
The question then is what happens to these LIBOR-based products when LIBOR is no longer available. As
04/22/2020
African Tax Administration Forum: Guidelines for Coronavirus (COVID-19) pandemic emergency tax measures published
04/22/2020
Investors should also confirm the licensing status of any firms offering services in the capital markets industry
04/22/2020
The main objective of the cut was to enable banks free more cash for lending, but the rising level could reflect low uptake by the economy.
04/22/2020
In the life insurance segment, policy contracts have specific commencement dates and maturities and customers have to pay
04/22/2020
Bishop says eventually sufficient global and domestic monetary and other policy measures support growth and markets allowing sentiment to stabilise.
04/22/2020
The recommendations include R200 billion of guarantees for bank lending to struggling businesses.
04/22/2020
Private sector organisations from Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan also called for a common approach to businesses to safeguard the region’s jobs and exports.
04/21/2020
The president also said he was concerned with the “severe impact on the poor and vulnerable”
04/20/2020
In view of the ongoing Covid-19 crisis, representatives heard that 3-million jobs could be at risk in South Africa.
04/20/2020
Eskom is anticipating a possible decline in economic activity post the lockdown period, which may "result in lower payment levels for electricity".
04/20/2020
All listed banks have large numbers of shareholders due to the high number of retail investors
04/20/2020
The South African government will consider a proposal for a one-off wealth tax during an economic recovery planning meeting on Monday, according to a report in Rapport. Such a tax could assist Africa’s most industrialized economy as it bounces back
04/17/2020
EIB looks to help the most vulnerable and to encourage banks to take on more risk as a joint programme unveils a €5.2 billion package for non-EU countries.