(Reuters) – South Africa’s Transnet is looking for a partner in a venture to acquire and lease rolling stock to rail operators, it said on Tuesday, as it seeks to overcome logistics problems that led to its worst performance in a decade last year. State-owned logistics firm Transnet has been struggling to provide freight rail …
S.Africa’s Transnet seeks partner for locomotives leasing unit Read More »
JOHANNESBURG (Reuters) -South Africa’s stocks jumped on Tuesday while the rand slipped after a decision by major oil producers to reduce supply on Sunday, which triggered concerns about a slowdown in global economic growth. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, announced they would reduce their oil supply …
South African rand slips on slowdown fears; shares jump Read More »
WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Rwanda on policies needed to complete the first reviews of Rwanda’s $319 million loan arrangement under the IMF’s new Resilience and Sustainability Facility. The agreement is subject to review and approval by IMF management and the Fund’s executive …
IMF, Rwanda reach agreement on review of new resilience facility loan Read More »
CAIRO (Reuters) – Egypt’s non-oil private sector activity shrank for the 28th straight month in March as import and currency restrictions and rising inflation continued to hurt business, a survey showed on Tuesday. The S&P Global Egypt Purchasing Managers’ Index (PMI) edged down to 46.7 in March from 46.9 in February, well below the 50.0 …
Non-oil activity in Egypt shrinks 28th month as inflation soars Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar stumbled on Monday, surrendering earlier gains following unexpected oil output cuts from OPEC+, as data showed the U.S. economy continued to slow with declines in manufacturing and construction spending. Data on Monday added to the narrative that the Federal Reserve is near the end of its …
Dollar skids after soft U.S. economic data; impact of OPEC+ cuts fades Read More »
By Tim Hepher PARIS (Reuters) -Global carriers warned on Monday that concerns over blocked airline funds in Africa and elsewhere could lead to interruptions in air services if there is no progress in talks to unfreeze money owed. About $1.6 billion of funds are being withheld in various Africa countries due to currency shortages or …
Airlines warn blocked funds dispute could hamper Africa growth Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was flat on Monday, having regained its losses from earlier in the day after a decision by major oil producers to reduce supply caused the dollar to briefly spike. At 1615 GMT, the rand traded at 17.8000 to the dollar, close to its previous close of 17.8050. The dollar index …
South African rand flat against dollar; stocks rise Read More »
PRETORIA (Reuters) – South Africa collected 1.686 trillion rand ($94 billion) in tax revenue for the fiscal year that ended on March 31, falling just shy of the government’s 1.692 trillion rand estimate in the 2023 budget, data from the revenue services showed on Monday. The South African Revenue Service (SARS) said while mining volumes …
South Africa collects $94 billion in taxes in 2022/23 fiscal year Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks was on course for its biggest weekly percentage gain in 4-1/2 months on Friday, with the two-year U.S. Treasury yield set for its first quarterly decline in the past nine, as U.S. inflation data fueled hopes the Federal Reserve may be reaching the …
Stocks climb and U.S. yields fall after inflation data Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday but was on track for its fifth straight weekly loss against the common currency, after slower U.S. consumer spending growth boosted hopes the Federal Reserve would be less aggressive in hiking interest rates. U.S. consumer spending rose moderately in February …
Dollar up vs euro but remains on track for weekly loss after inflation data Read More »
