15.8.2019 07:38 am
A few months after trading its security for funds, the share collapsed.
The decision by the Public Investment Corporation (PIC) to trade its security against a downfall in its Steinhoff shares for money made perfect sense before South Africans caught wind of one of the biggest corporate scandals in the country’s history.
South Africa’s manufactured exports have grown far slower than its peers and manufactured exports are well below potential.
The company may sell shares in an attempt to obtain funds for the next phase of its recovery plan.
The Reserve Bank governor says we can avoid what some economists believe will be our fate if hard decisions are made.
The Democratic Alliance has issued a statement on the ratings agency’s decision, calling it a ‘devastating blow’.
The economy added 25 000 jobs compared to a year ago, but the labour force increased by 598 000 work seekers, as migrants from Africa continue to arrive in SA.
The nominal estimated value of civil construction projects out to tender was up by 38.6% on a year-on-year basis in the second quarter.
Stocks pushed lower and went lower still after Chinese media reported that Chinese firms have stopped buying US farm produce.
The corruption and mismanagement that characterised the Zuma presidency sucked confidence out of the economy, and South Africa’s GDP growth has stagnated.
Following her appointment by President Cyril Ramaphosa as the new chairperson, Mondo Mazwai will lead the Competition Tribunal from Thursday August 1.
The price of diesel 0.05% sulphur will decrease by 13.29 cents and that of diesel 0.005% sulphur will go down by 14.29 cents per litre.
Could help lift the construction sector out of the doldrums if done right.
State-owned arms manufacturer accused of not paying payroll deductions over to the relevant bodies.
That target is unrealistic and over-optimistic, energy experts agree, with one saying it could take up to 10 years to get the utility back on track.