The rand is trading at R13.99 to the dollar, R17.45 to pound sterling and R15.72 to the euro.
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Justice and Correctional Services Minister Ronald Lamola has defended the National Prosecuting Authority’s attempts to seek private funding, saying its choices are limited.
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Net interest income, the difference between interest earned from lending and how much the bank pays for deposits, rose 6% last year.
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Former PIC CEO Dr Dan Matjila has denied receiving R5 million cash from VBS in return for facilitating funding for the now defunct mutual bank.
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The Ford Motor Company in South Africa has announced the creations of 1200 new jobs from its latest R3 billion investment into the country.
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Former Public Investment Corporation (PIC) CEO Dan Matjila told the PIC Commission that the losses incurred through the Corporation’s investment in Steinhoff were significant and deeply regrettable.
Former Public Investment Corporation CEO Dan Matjila has told the inquiry into the PIC that he does not see anything wrong or unethical in meeting a cabinet minister.
The ZAR has had an unprecedented amount of strength in the last week, rallying to a five-month high against the Pound and a three-month high against the Dollar.
Facebook Inc said it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed.
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Productivity has improved at the Port of Ngqura in Port Elizabeth following a two weeks “go slow” by workers over incentives.
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Eskom’s Group Treasurer Andre Pillay has become the latest high-profile resignation from the struggling power utility.
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Europe’s stock markets rose in early deals on Monday despite data showing that China’s economy grew at its weakest pace in nearly three decades, slammed by the US trade war.
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The Commission of Inquiry into the PIC, which is expected to wrap up its findings in July, will on Monday continue to hear evidence from former PIC CEO Dan Matjila.
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The Commission of Inquiry into the Public Investment Corporation (PIC), which is expected to wrap up its findings this month, will today continue to hear evidence from former PIC CEO Dan Matjila.
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Asian markets slipped on Monday as data showed China’s economy growing at its weakest pace in nearly three decades, hit by the US trade war, while investors debate the depth of an expected Federal Reserve interest rate cut.
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Chinese telecoms giant Huawei, which is subject to United States (US) sanctions over concerns about its ties to the government in Beijing, is planning to make major job cuts at its US operations, The Wall Street Journal reported Sunday.
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