SA Business
Rand dips as South African interest rates stay on hold
The SA Reserve Bank’s Monetary Policy Committee has kept the South African repo rate unchanged at 3.5%. This means the prime lending rate stays at 7%. The rand dropped to R14.64 against the US dollar immediately after the announcement as growth concerns are expected to be challenging for the next couple of years. The unit has …
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Retailers count looting losses
Retailers have been left reeling after the violent looting that has ravaged KwaZulu-Natal and Gauteng, costing businesses and the economy millions in losses and potentially a disruption in the supply chain and a shortage of goods, according to Business Day. The Consumer Goods Council of SA (CGCSA) said in a statement released yesterday that there …
Anglogold star performer as investors cheer new CEO
Anglogold Ashanti’s share price soared almost 6% in early trade on the JSE on the back of a firmer gold price and as South Africa’s third-biggest miner appointed former BHP Group executive Alberto Calderon to its top job. AngloGold hasn’t had a permanent CEO since Kelvin Dushnisky’s abrupt departure last September after holding the position for just …
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Making the case for investing in emerging markets
Over the last year investments in emerging markets have outperformed their counterparts in developed countries, making for an attractive investment opportunity, reports Wall Street Journal. Economic growth is expected to do well in emerging markets in the near future while investing in stocks is a good opportunity for US investors to diversify their stock portfolio. …
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