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intratesnov14hold

The SARB treads carefully, leaves rates unchanged

Following the South African Reserve Bank’s decision to keep interest rates at their previous level, FNB confirms that it will maintain its prime lending rate at 10,50% and will review its position after the next SARB MPC meeting in July. (more…)

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eurorecoveryf

Europe’s outlook improves

With the French election over, is it time to be more optimistic about investing in Europe? According to recent data, there’s been some economic improvement across the EU, while companies appear to be doing well and share prices are climbing. In such an environment, is it perhaps too easy to believe that Europe’s problems are […]

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Tine Van Der Mescht

Alternative investments firm adds two new directors

South African alternative investments firm, Trustee Board Investments (TBI), has recently announced the addition of 2 company directors, expanding the board to eight seats. The move comes in light of TBI’s recent acquisition of Ora Fund Managers. (more…)

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IMF Staff Completes 2017 Article IV Visit to South Africa

The staff of the International Monetary Fund (IMF) recently completed a visit to SA.  Here’s what they found. (more…)

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corruption

Eskom’s nuclear chief: “I don’t know of a secret plan”

There are no secrets and corruption in the nuclear deal is unlikely, Eskom’s Chief Nuclear Officer, David Nicholls told delegates at the Nuclear Power Africa conference that was co-located with the annual African Utility Week conference and expo on Thursday. (more…)

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Eskom board chair responds to Brian Molefe allegations

Claims that Eskom CEO Brian Molefe and the power utility’s board chair Dr Ben Ngubane pressurised a minister to help the Guptas take over the Glencore coal mine was dismissed as “preposterous” today. (more…)

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Treasury

Tech difficulties affecting Retail Savings Bonds receiving attention: NT

National Treasury (NT) would like to assure RSA Retail Savings Bonds investors that technical difficulties that are currently affecting Retail Savings Bonds, including the helpline, queries, emails and website, are urgently receiving attention. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Mogajane appointed as acting Treasury DG

Dondo Mogajane, the Deputy Director-General responsible for the Public Finance division, has been appointed as the acting Director-General for the National Treasury. The announcement was made late Monday in a statement. (more…)

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