Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
In energy matters, the government appears enslaved by ‘first world’ norms and standards
The accused were arrested as part of a Hawks operation to nab alleged instigators who incited public violence during looting and destruction in 2021
Nedbank failed to comply with certain provisions the Financial Intelligence Centre Act
Mudiwa Gavaza is joined by Larry Masson, a financial adviser and franchise principal at Consult by Momentum.
Parent company London-listed Pearson Plc said the disposal was part of a strategic review.
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Rushdie’s condition is not immediately known
Standard Bank and the Industrial and Commercial Bank of China (ICBC), the world’s biggest bank by assets, have identified $9.8bn worth of investment opportunities in Africa in oil and gas, power and infrastructure, and mining and metals.
Speaking on the sidelines of a briefing on Monday about future relations between the two banking groups, Kenny Fihla, the CE of Standard Bank’s corporate and investment bank, was tight-lipped about which projects had been identified, saying funding had not yet been committed.
The $9.8bn was in addition to an $8bn commitment by Standard Bank and ICBC to Mozambique’s liquefied natural gas development, Fihla said. The IMF estimates that Mozambique could become the third-largest liquefied natural gas exporter in the world.
The African Development Bank estimates that Africa’s infrastructure needs amount to between $130bn and $170bn a year, with a financing gap of between $68bn and $108bn.
Over the past decade, Standard Bank and ICBC ha...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.