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
The department of public works has cost itself and taxpayers R3bn since 2016 because it has been tardy in signing new leases, which would have been at lower rental rates and with longer terms.
Chief investment officer at Bridge Fund Managers, Ian Anderson, said the government was leaking money unnecessarily. “The new leases would be at lower rentals and that would result in savings of approximately R1bn a year. These proposals have been on the table for some time now so government has paid a few billion rands of extra rental by not signing these leases timeously,” he said.
The department has been slow to sign more than 2,550 leases since 2016, only signing 40, Delta Property Fund said in a briefing to investors.
Many landlords had signed leases with state tenants that had terms of at least 10 years, in the mid-2000s. In 2016, as a number of the leases were coming up for renewal, the landlords began to present new 7-10 year leases at lower rentals, given the larg...
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