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
For the rand, Ramaphoria is over. The currency slumped as much as 2% against the dollar on Tuesday to its weakest level in more than six months — when Jacob Zuma was still president.
It has unwound all the gains it made after Cyril Ramaphosa took over as ANC leader in December.
The rand, which peaked at R11.50 to the dollar earlier in 2018, has been hammered by speculation that US President Donald Trump will spark a full-on trade war with China, fuelling a slide in emerging market assets on concern the global economy will slow.
Domestic drivers include an economy that contracted more than 2% in the first quarter, lingering concerns about the financial viability of state-owned institutions — much of whose debt is backed by the government — infighting within the ANC and the debate about the expropriation of land without compensation.
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