The South African Reserve Bank Governor Lesetja Kganyago announced that the interest rate was reduced to 7% and the prime lending rate was reduced to 10.5%.
Business and Economy
Most viewed
Popular
-
Easy steps to get an IT3b certificate from Capitec, Nedbank, FNB, Standard Bank
-
New and old SA coins exchange price list 2025: worthy investments for cash
-
Takealot contact number, business hours, office branches, FAQs
-
What is the SASSA WhatsApp number for 2024? Contact SASSA with ease
-
Cost of living in South Africa sits at R15K per month, researcher explains ‘comfortable’ living
Business and Economy Latest News
Pre-election jitters send Argentine peso to new lows
The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election, according to websites tracking the rate. With the parallel dollar now trading at over 1,000 pesos, it is worth almost three times the official rate of 365 pesos, propped up at great cost by the government.
Yellen urges more IMF, World Bank reforms for climate fight
US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change. Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already changed over time to face new challenges.
Russian forces close in on east Ukraine's Avdiivka
Russian forces closed in on the frontline town of Avdiivka in east Ukraine on Tuesday, as Kyiv warned Moscow was stepping up strikes in an attempt to encircle it completely. Russian forces control territory to the south, east and north of Avdiivka.
Business and Economy
Load moreEnergy
Energy
Read moreMoney
Money
Read moreIndustry
Industry
Read moreTechnology
Technology
Read moreEconomy
Economy
Read more