12/15/2023
Businesses in South Africa are playing the waiting game
S&P Global said that both input and output costs rose at their softest rates since December 2020.
Alternative Investments
12/14/2023
Eskom wants R16 billion bailout conversion
Having the government take a stake in the company would lessen a debt-service burden that’s prevented Eskom from carrying out adequate maintenance.
12/13/2023
More Cape Town developments in Divercity’s sights
On this weekly Moneyweb show we gain insider insights from leading executives, analysts, developers, and entrepreneurs in SA’s expansive property industry.
12/13/2023
Investors gain N130bn amid moderation in trade volume, deals
Meanwhile, the total traded value for the day appreciated by 52.54 per cent to N5.88bn from N3.85bn on Monday.
12/13/2023
Business Daily’s Top 40 under 40 men feted
The 40 men were feted at the Nairobi Serena Hotel where each was awarded a lion head sculpture trophy and various other goodies.
12/13/2023
A decrease in the external reserves in Nov ‘23
Total reserves as at end-Nov '23 covered 7.7 months of merchandise imports on the basis of the balance of payments for the 12 months to Jun '23 and 5.7 months when we add services.
12/12/2023
Troubled matatu insurer tops unpaid claims
Invesco managed to settle only 61,906 claims in the quarter that ended September, closing with a claims payment ratio
12/11/2023
PFAs make N8tn profit from pension investments
The pension operators disclosed that workers’ contributions were judiciously invested, and the returns were added to the workers’ pension savings
12/07/2023
South Africa’s property market on life support after a tough 2023
The FNB House Price Index growth averaged 0.5% y/y in November, virtually unchanged from October.
12/07/2023
Ghana government increasing to 100% domestically financed capital expenditure worrying – IFS
He warned that if the move is politically motivated, some of the expenditures were likely to be inefficient
12/06/2023
Good news for pensions in South Africa
Finance Minister Enoch Godongwana then wrote to the committee with a compromise – moving the implementation date to 1 September 2024.
12/05/2023
Yet another twist for South Africa’s new pension system
This is designed to ensure that South Africans can access some funds in case of emergency while preserving the majority of funds for retirement.
11/30/2023
Good news for interest rates in South Africa
The slowdown in both indicators may be signaling strain in households and corporates’ finances from higher interest rates.
11/30/2023
Signs of life for one of South Africa’s most important sectors
Main contractor confidence was unchanged at 41 in 4Q2023
11/30/2023
Treasury relaxes listing conditions to end IPO drought at NSE
Companies that wish to list under the SME Market Segment need not be profitable.
11/29/2023
South African investors are feeling quite optimistic
Schroders said that South African investors also had a heightened interest in digital assets and cryptocurrency compared to global respondents.
11/28/2023
Banks’ stocks gain amid recapitalisation plan
Following the apex bank boss’ speech which has elicited varied reactions, on Monday, the First Bank of Nigeria Holdings led the gainers’ chart with 10 per cent gain to close at N22 per unit.
11/28/2023
Top banks set aside Sh62bn, anticipate record defaults
The data shows that three of the eight banks have set aside a record stockpile of insurance cash in the review period.
11/27/2023
The biggest retirement mistakes South Africans make
As we head into the festive season, 10X Investments said that many South Africans are changing their investment plans without considering the consequences.
11/24/2023
Nigerian startup FrontEdge bags $10m for trade finance growth
The funding round was led by TLG Capital and included participation from Flexport.