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The latest economic and business news on Moneyweb.
Standard Chartered’s leaning on wealthy africans to drive growth

Standard Chartered’s leaning on wealthy africans to drive growth

15 Nov 2024 /  Bella Genga, Bloomberg
Despite divesting from seven African markets, Standard Chartered maintains operations in 10 key countries facing economic challenges. ...
Dominic Sewela-led consortium in Barloworld takeover talks

Dominic Sewela-led consortium in Barloworld takeover talks

15 Nov 2024 /  Loni Prinsloo, Bloomberg
The consortium of investors is said to be acting through a newly established SPV.
Thabi Leoka fined R500 000 and censured by JSE
UPDATE
10

Thabi Leoka fined R500 000 and censured by JSE

15 Nov 2024 /  Liesl Peyper
The bourse says her misrepresentation of her PhD raises concerns about her suitability for directorships.
Fed’s Powell says no need to hurry rate cuts with economy strong

Fed’s Powell says no need to hurry rate cuts with economy strong

15 Nov 2024 /  Craig Torres and Catarina Saraiva, Bloomberg
He made no remarks on a potential December rate cut.
Zimbabwe’s economy is resilient despite drought, Minister Ncube says

Zimbabwe’s economy is resilient despite drought, Minister Ncube says

15 Nov 2024 /  Ray Ndlovu and Jennifer Zabasajja, Bloomberg
Emphasises that the country has learned how to manage its affairs properly.
S&P sees Mozambique unrest pushing nation closer to debt default

S&P sees Mozambique unrest pushing nation closer to debt default

15 Nov 2024 /  Matthew Hill, Bloomberg
In October the company downgraded its rating of the gas-rich nation’s local currency debt to CCC.
Soaring demand for copper will help drive mergers, BHP CEO says

Soaring demand for copper will help drive mergers, BHP CEO says

15 Nov 2024 /  Ron Verdnock, Bloomberg
The demand will require over $200bn in investments.
SA’s property laundromat used to wash dodgy African funds
5

SA’s property laundromat used to wash dodgy African funds

15 Nov 2024 /  Ciaran Ryan
A new report from Open Secrets shows how corrupt money from Mozambique, DRC and Equatorial Guinea have been used to snap up luxury Cape properties.
Another trading scam – iXPFX.com

Another trading scam – iXPFX.com

15 Nov 2024 /  Adriaan Kruger
It insists it is part of Rhona Life and regulated by the FSCA, but Rhona says that's a lie.
New tax regime for booze on the cards
2

New tax regime for booze on the cards

15 Nov 2024 /  Amanda Visser
Discussion document proposes wide-ranging changes with little time for comment.
Why wage inequality matters
3

Why wage inequality matters

15 Nov 2024 /  Kwanele Ngogela and Mathieu Dasnois, GroundUp
New legislation empowers shareholders to limit outrageous CEO remuneration.
Mozambique in post-election turmoil

Mozambique in post-election turmoil

15 Nov 2024 /  Sam Jones
Economic policies that could make a difference …
Drastic measures introduced to address infrastructure project delays
4

Drastic measures introduced to address infrastructure project delays

15 Nov 2024 /  Roy Cokayne
Including a ‘straightforward’ blacklisting policy and recordings of decisions made in the awarding of contracts.
Sanlam client inflows more than double despite two-pot claims

Sanlam client inflows more than double despite two-pot claims

14 Nov 2024 /  Liesl Peyper
Says payouts to fund members total R2.5bn to date.
Rand’s reform rally wavers as Trump’s election fuels dollar strength

Rand’s reform rally wavers as Trump’s election fuels dollar strength

14 Nov 2024 /  Mpho Hlakudi and Colleen Goko, Bloomberg
Since Trump's election the rand has weakened by 5.2%.

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