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
LAGOS — Nigeria’s drive to overcome a mismatch between demand for electricity and generating capacity is prompting the nation’s lenders to sell dollar bonds to finance power projects.The government of President Goodluck Jonathan, which sold 15 state-owned power generation and distribution companies last year, is spending $3.5bn to boost transmission capacity this year in Africa’s most populous nation by 50% from 4,000MW, less than a 10th of SA’s full capacity. Funds will come from the sales and borrowing as he seeks to alleviate daily blackouts in the country of 170-million people, the continent’s biggest economy.Nigeria’s banks are tapping Eurobond markets to be in a position to provide financing for projects including power, with Sterling Bank seeking to raise dollars after Zenith Bank, the nation’s second-biggest lender, sold $500m worth of five-year notes on April 10. The yield on the security was 6.29% on Monday, compared with 5.07% in JPMorgan Chase’s Corporate EMBI diversifie...
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