 |  Source: 123RF. The Fed cut rates by 50bps, weakening the dollar initially, but Powell’s comments on limited future cuts led to a dollar recovery... |
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[Katja Hamilton] At FOCAC 2024 in Beijing, Chinese President Xi Jinping highlighted the deepening China-Africa partnership... |
|  Source: Pixabay. Pravin Gordhan, a revered South African politician and anti-apartheid activist, has passed away, leaving behind a legacy of governance, integrity, and reform... |
|  Source: Former Minister of Public Enterprises, Pravin Gordhan. Former minister Pravin Gordhan has been hospitalised, with his family requesting privacy. His declining health led to his planned political retirement post-2024 elections... |
|  Source: The South African Reserve Bank. As of Monday, 9 September, South African banks stopped processing EFT payments within the CMA. Cross-border payments shifted to the SADC-RTGS system... |
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[Harry Scherzer] On 18 September, South Africa's first interest-rate cut since Covid-19 could impact the rand and international money transfers, affecting investors and consumers... |
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[Katja Hamilton] South Africa's GDP grew by 0.4% in 2Q 2024, signaling potential recovery after load-shedding receded, but risks and challenges remain... |
|  Source: Supplied. Lindeka (Leeds) Dzedze, is Standard Bank Global Markets Head of Strategic Partnerships. In this Women's Month Q&A, Lindeka Leeds Dzedze, Standard Bank’s Head of Strategic Partnerships, discusses financial inclusion, African development, and empowering women in finance... |
|  Source: Supplied. Nkareng Siwale, founder and managing director for RainDance Asset Management. Nkareng Siwale founded RainDance Asset Management to integrate quality investing with sustainability, focusing on ESG factors for long-term value and robust returns... |
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[Andre Cilliers] Canadian tariffs on Chinese goods impact Chinese and commodity markets; dollar rebounds amid Middle East tensions... |
|  Source: Supplied. Vanesha Palani, the executive of financial management at Nedbank. Inspired by her mother’s financial management, Vanesha Palani pursued banking to make a positive impact, reinforced by her intentional journey at Nedbank... |
|  Source: Reuters. BOJ’s Uchida’s comment led to global stock market recovery and currency market calm. Nikkei up 3%, yen weakens, rand strengthens |
|  Source: Reuters. Dollar recovers ground, yen steadies as currency market frenzy eases... |
|  Source: Reuters. In early 2024, National Treasury announced it would draw from the central bank's account to cover debt servicing costs... |
|  Source: G20 Brasil. Brazil’s Finance Minister, Fernando Haddad. South Africa and the African Union are committed to ensuring the super-rich pay taxes, as proposed in a new international standard. A report suggests a 2% tax could raise $200-250bn annually, but divisions persist among G20 nations on implementation... |
|  Source: Reuters. Asian stocks fell after the PBoC's surprise rate cut, impacting global markets. Commodities and currencies like the rand struggled... |
|  Source: Reuters. The uncertain US political landscape and inflation concerns have kept markets flat. Traders await inflation data for rate-cut hints. |
|  Source: LinkedIn. CrowdStrike reports many affected devices are back online after its update caused a major IT outage. Capitec Bank and other global businesses were disrupted, but services have been restored... |
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[Andre Cilliers] Donald Trump accepted the GOP nomination, boosting the Dollar but capping gains due to rate cut bets... |
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[Katja Hamilton] South Africans' hopes were shattered as the MPC kept the repo rate at 8.25% and the prime lending rate at 11.75%. The decision, influenced by four members favoring an unchanged stance and two preferring a 25 basis point cut, has resulted in significant property market value erosion. |
