Current Bank Prime: 10.0%
Best SELECT rate: 8.5%
|
|
Interest RatesCurrent Bank Prime: 10.0% Best SELECT rate: 8.5% Searchwww.fin24.co.zawww.persfin.co.zawww.ewn.co.zaNavigation |
www.fin24.co.zaSAs railways collapsingGovernments urban railway systems will totally collapse within 10 years without the necessary recapitalisation.
All eyes on EU trade talksA new EU trade commissioner may change the negotiations on an economic partnership agreement with southern African countries.
Lower CPI unlikely to affect ratesInflation has dipped further below the 6% upper limit of the Reserve Banks target range in March, falling to 5.1% from 5.7% in February.
Inflation in line with forecastsInflation stays within the Reserve Banks target band, in line with analysts forecasts at 5.1%.
Economic growth cools offNew data show SAs economy is cooling and economists expect growth to taper off somewhat in the second half of this year after a strong start to 2010.
SA richest country in the worldSouth Africa has the biggest mineral reserves of any country, according to research by the American banking group Citigroup.
SA wheat farmers seek incentivesInvestment in SAs wheat industry has slowed as farmers abandon the cereal in favour of other grains on the back of low prices and "unfair market competition".
Rand boosts inflation optimismEconomists are upbeat about inflation, thanks to the strong rand and tame food prices.
Eskom report shows payment woesEskom has not been paid for 35% of the power it supplies to households, according to the confidential report disclosed by the DA in parliament.
Miners fail to meet BEE targetsMining companies are dragging their feet in transferring a slice of the industrys wealth to black investors, a new study has found.
Eskom revives solar, wind plansEskom will tackle two renewable energy projects after the injection of funds from a World Bank loan.
Customs union to transformThe heads of the Southern Africa Customs Union, the oldest such bloc in the world, has signed a new agreement.
Travellers to re-apply for visasSouth Africans who have postponed their trips to Europe because of Icelands volcanic ashs disruption will have to re-apply for expired visas.
State to crack BEE whip at minesMines Minister Susan Shabangu has vowed to crack down on mining firms which dont embrace transformation.
More rate cuts unlikely - MarcusSouth African Reserve Bank Governor Gill Marcus says the most recent repo rate cut was primarily because the economic recovery was still "below its potential".
IMF sees SA growing by 2.6%The International Monetary Fund predicts that the SA growth will be tempered by high unemployment, tight credit conditions and the recent strength of the rand.
Sarb concerned about fake notesThe South African Reserve Bank says it has noted with concern that relatively high quality counterfeit notes of the old series have illegally come into circulation.
SA gold sector at tipping pointGold Fields CEO Nick Holland believes South Africas gold sector could be "tipped over the edge" and thousands more jobs lost unless there are significant increases in productivity.
ANC controversy damaging EskomThe storm around the stake in Hitachi of ANC investment arm Chancellor House is putting unnecessary pressure on Eskom, says the utilitys financial director.
SA inherited corruption - MantasheSouth Africa has inherited a "corrupt and a wrong value system"
which it is currently managing, ANC secretary general Gwede Mantashe says.
|
|