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| Following the decision by the South African Reserve Bank (SARB) to leave the repo rate unchanged at 5.75%, First National Bank (FNB) has announced that it will maintain its prime lending rate at 9.25%. read more>> |
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| Omega Collocott has been appointed as head of Financial Institution Ratings at Global Credit Ratings Co (GCR) with effect from 1 September 2014. read more>> |
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| Independent South African actuarial firms Arthur Els & Associates (AE&A) and Genesis Actuarial Solutions merged to form ARGEN Actuarial Solutions - two mid-tier specialist companies coming together to create one of the largest independent actuarial firms in Africa. read more>> |
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| Reserve Bank governor, Gill Marcus, announced on 18 September that the repo rate will remain at 5.75%, following a previous 25 basis point increase on 18 July, as inflation continues to accelerate towards the upper limit of the central bank's 3% to 6% target range. read more>> |
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| Rob Jeffrey The dust has not yet settled on the African Bank saga but positive action has now been taken. read more>> |
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| Plastic packaging group Astrapak expects to make a headline loss per share of at least 33c for the six months to August after a loss of 1.5c per share in the previous comparable period. read more>> |
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| Fifi Peters Pioneer Foods will proceed with plans to unbundle its entire stake in its agricultural business‚ Quantum Foods‚ which will then be listed as a separate entity on the JSE in October. read more>> |
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| With rising operating costs and the economic slowdown in SA likely to affect commercial property developments within the next few months, it is an opportune time for developers to explore the business case for green buildings, says Nedbank Corporate Property Finance Gauteng Regional Executive Ken Reynolds. read more>> |
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| Samuel Mungadze Major telecommunications company MTN has dramatically increased its borrowing ability‚ fuelling analysts' speculation that an acquisition may be on the cards. read more>> |
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| Ascendis Health has successfully concluded a R50m BEE transaction with WDB Investment Holdings Proprietary Limited (WDBIH). read more>> |
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| Nick Hedley Moneyweb Holdings will move to cheaper offices as part of efforts to cut costs, the listed Caxton unit said while announcing a R2.6m loss for its year ended June. read more>> |
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| The 109th annual Master Builders South Africa (MBSA) Conference aims to address subjects such as skills development, growth and job creation within the building and construction industry. read more>> |
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| Graeme Palmer The South African Revenue Service (SARS) was recently called upon to make a ruling on the income tax consequences for the lessor, lessee and the sub-lessee of land, arising from an obligation on the sub-lessee to effect improvements on the land under a sub-lease in circumstances where no express obligation for improvements was placed on the lessee by the main lease. read more>> |
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| BRUSSELS, BELGIUM: Google's Chairman Eric Schmidt, whose own firm is embroiled in an anti-trust probe by the European Union urged the bloc to give innovators free rein to deliver the huge economic gains promised by the digital era. read more>> |
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| WASHINGTON, USA: The aerospace company Blue Origin has struck a deal to build a US-made rocket engine that aims to eliminate reliance on Russian engines for American satellite launches. read more>> |
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| MADRID, SPAIN: French group Orange launched on Tueday, 16 September, a bid to extend its reach in a Europe-wide telecom turf war with an offer for Spanish fixed-line operator Jazztel. read more>> |
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More International |
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| The Western Union Company and the Angola Post Office has announced their collaboration to enable consumers to send and receive local and international payments in minutes from Angola Post Office... read more>> |
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More Africa |
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| Chris Bathembu South Africa has vowed to push for the transformation of the United Nations Security Council (UNSC) ahead of the 69th UN General Assembly debate taking place in New York, this week. read more>> |
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| The Reserve Bank unanimously agreed to keep the repo rate unchanged at 5.75% per year, which means the prime lending rate will remain at 9.25% read more>> |
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| The number of claimants for unemployment insurance benefits fell in the first half of this year compared with a year earlier, suggesting the economy is not shedding as many jobs as previously thought, Unemployment Insurance Fund (UIF) Head Boas Seruwe said. read more>> |
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More Government news |
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