Representing less than one percent of the global economy and expecting less than 2% growth in GDP per annum over the next two years, the South African economy appears unlikely to offer local investors the chance of decent returns, which remains hindered by socio-political and economic factors.
14 hours ago
CNBC Africa hosted a Building Africa debate as part of its coverage of the 2017 World Economic Forum currently under way in Davos, Switzerland.
15 hours ago
The JSE opened firmer on Wednesday on stronger banks and mixed retailers, led by Shoprite, after both sectors were softer on Tuesday due to a stronger pound.
Maarten Mittner 1 day ago
The National Credit Regulator (NCR) is seeking a high court order to stop banks from unilaterally taking money from customers' savings accounts to settle outstanding balances on their credit agreements - a practice which the regulator says is widespread.
Hanna Ziady 1 day ago
Tax experts believe significant sums of undeclared assets have been hoarded offshore by South African taxpayers but they might be reluctant to declare them under the special voluntary disclosure programme because of the way it deals with trusts.
1 day ago
In 2015, the Financial Times made a number of predictions about 2016. Majority of them were on the money while others fell flat on their face. One prediction was that the UK would not vote to leave the EU. The other? That Hilary Clinton would become president.
Melissa Wentzel 1 day ago
First National Bank (FNB) and RMB have been recognised as the Best Forex Provider in South Africa at the 17th annual World's Best FX Provider for 2017 hosted by Global Finance Magazine. FNB and RMB represent the foreign exchange and cross-border payments offerings of FirstRand through a combined Foreign Exchange Product House (FXPH) which offers integrated solutions. FNB was also awarded as best Forex provider in Botswana.
2 days ago
With analysts expecting the global economy and financial markets to continue to deliver mediocre growth, there has been a notable increase in appetite amongst institutional investors for alternative, active investment strategies – including private equity.
2 days ago
Global research by Sage highlights that only 17% of small businesses feel represented by politicians in their country's decision making. The data has been published in the run up to the annual World Economic Forum (WEF) where politicians and big business will gather in Davos to debate the global economic picture.
3 days ago
Companies increasingly fear the unpredictable business environment, where markets are volatile and political perils – such as protectionism or terrorism – are on the rise. Other growing concerns are digital dilemmas arising from new technologies and cyber risks, as well as natural catastrophes. However, what continues to trouble them most, are losses from business interruption.
3 days ago