South Africa's Reserve Bank plans to eliminate the prime interest rate, transitioning to repo rate loans and adopting ZARONIA, improving transparency in lending.
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Clean energy drives massive BHP takeover bid
BHP's multi-billion-dollar bid to buy rival Anglo American promises to be the largest mining merger deal in decades, and one driven by the race for cleaner energy and green metals. Analysts say the rationale behind BHP's near US$40 billion bid can be summed up in one word: copper.
China's EV execs bullish on Western pressure at Beijing car show
Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry. And even as firms face down a cut-throat price war at home and mounting regulatory pressure overseas, executives and attendees were upbeat.
Miner Anglo American rejects BHP's $38.8 billion takeover bid
British mining giant Anglo American on Friday rejected a blockbuster $38.8-billion takeover bid from Australian rival BHP, slamming it as "highly unattractive" and "opportunistic". "The proposed structure is also highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders."
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Made in Mzansi Celebrates South African Heritage, Local Manufacturing and Everyday Health
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