News24 Business | Zimbabwe central bank chief says ZiG 43% devaluation is ‘once-off’ event
Zimbabwe sought to assure citizens that its gold-backed currency would not suffer another steep devaluation and steps were being taken to assure its defence.
TUESDAY, 22 OCTOBER 2024, 15:55
Zimbabwe sought to assure citizens that its gold-backed currency would not suffer another steep devaluation and steps were being taken to assure its defence.
Gold remains at record highs, but there are various ways to get exposure to the metal that are less cumbersome and more investor-friendly than holding physical gold.
A multibillion-rand plan to expand South Africa’s electricity transmission network may throw a lifeline to the country’s corporate bond market as it struggles to recover from a post-pandemic slump.
SARS says that to date it has received 1 213 646 applications for tax directives for withdrawals from the savings withdrawal benefit of the two-pot system.
In a culture that shames failure in entrepreneurship, a banking environment that structurally impedes entrepreneurs with prior failures to raise funding, it is no wonder we have such a low re-entry rate, says Allon Raiz.
Eskom estimates that the installed capacity of privately owned solar in SA reached 6.1GW in September – equal to the power that would be shed under stage 6 load shedding. However, there was a massive slowdown in new installations in the last year.
Complex rules leave many customers feeling caught out and annoyed they aren’t made clearer by rail companies.
The quizzing of Post Office chief executive Nick Read this week produced some key revelations.
The company said “executives, managers, and employees” jobs are all at risk
The aurora was visible from across South Africa again last night after a massive cloud of plasma spewed out from an active region of the sun and made contact with Earth.
The National State Enterprises bill was presented to MPs on Friday.
Reports have suggested the plan is at risk after comments made by Transport Secretary Louise Haigh.
Coronation CEO Anton Pillay said there is an increasing expectation from regulators, asset owners and society for fund managers to meet the 51% black ownership threshold.
Exxaro Resources, one of South Africa’s biggest coal producers, wants to become a major player in the country’s manganese mining industry.
Agriculture-focused investment group Zeder, which is part of the PSG stable founded by Jannie Mouton, says shareholders can expect more special dividends from it as it continues to sell down its assets.
Previous minister suggested that previous Lottery management and board collaborated with law firms.
A leading business group says firms are delaying decisions, wanting “more clarity” over the government’s policies.