It’s all systems go for the new retirement system, which allows employees to draw from their pension funds without the same penalties as before
The shoe is now on the other foot for southern EU states, with winter approaching and war next door
SA needs a new brand of leaders, says Randall Carolissen
Researchers have found that 96% of global health conferences happen in high- or middle-income countries. Fewer than four in 10 attendees at these gatherings are from poorer nations that have the ...
A new precinct planned around the high court in Joburg is yet another plan to fix the decayed CBD. But can this work, where previous plans haven’t? And can it really lure the lawyers back from ...
Divide and control
Beijing wants to break up Alipay, the 1-billion-plus-user super-app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business. Chinese regulators have already ordered Ant to separate the back end of its two lending businesses, Huabei, similar to a traditional credit card, and Jiebei, which makes small unsecured loans, from the rest of its offerings and bring in outside shareholders.
Investors are confronting the growing possibility that highly indebted Chinese property developer Evergrande Group will default, a debacle that could cascade across global markets. Evergrande counts big names among its investors, including Allianz and BlackRock. Last week, the company said its liquidity issues, including delayed payments to suppliers, meant projects were being suspended. The news has exposed the perilous state of China’s heavily leveraged property sector, which makes up more than 28% of its economy.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.