South Africa's Reserve Bank plans to eliminate the prime interest rate, transitioning to repo rate loans and adopting ZARONIA, improving transparency in lending.
Economy
Most viewed
Popular
-
R1,000 grocery budget can barely feed one child a nutritious diet for a month, report shows
-
Germany unveils huge electricity price relief for industry
-
EU chief plunged into controversy over top job pick
-
Eastern Cape has the highest unemployment rate in South Africa, netizens disappointed
-
Private sector hiring in US cools more than expected: ADP
Economy Latest News
Europe battles powder shortage to supply shells for Ukraine
Hard-to-find gunpowder is hindering Europe's scramble to provide hundreds of thousands of shells for Ukraine's defensive effort against Russian invaders, with solutions only starting to emerge. "For now, the Ukrainians are short of shells... the Russians don't have a shortage since they got stocks from the North Koreans, but it could happen in the coming months," he added.
Spirit Aerosystems shares surge on report of possible Boeing buy
Shares of Spirit AeroSystems surged Friday following a report it could be bought by Boeing as the aviation giant seeks to right itself amid its latest safety crisis. The company went public as Spirit AeroSystems in November 2006.
Eurozone inflation dips further in February
Eurozone inflation continued to ease in February, data showed Friday, but economists warned it was unlikely to push the European Central Bank to cut interest rates next month.
Crime groups shifting to fraud schemes in EU: bloc's prosecutor
Organised criminal groups are switching from riskier drug rackets to fraud in the EU and many don't hesitate to use violence to protect their activities, the bloc's chief prosecutor told AFP in an interview. "Behind this fraud in general there are a few organised crime groups that operate everywhere in Europe.
'Difficult discussions' as WTO talks extended for third time
The world's trade ministers entered a last stretch of talks on Friday following overnight negotiations as a major World Trade Organization conference postponed its closing session for a third time. "In order to give more time for negotiations, the formal closing Session of MC13 has now been postponed."
Swiss central bank head steps down in surprise move
The head of Switzerland's central bank, Thomas Jordan, will step down in September after 12 years in charge, the bank said in a surprise statement Friday. "The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision, and express their sincere thanks for his many years of outstanding commitment in the interests of a stability-oriented monetary policy," it said.
Asian markets mostly up after US gains
Asian markets were largely higher on Friday following Wall Street gains driven by tech rallies and key US inflation data that met investors' expectations. On Wall Street, the tech-linked Nasdaq set a new record, surpassing a 2021 high.
Riding high on AI, Nvidia is no bubble, says Wall Street
The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by market capitalization.
Divided G20 blocked by 'impasse' over Ukraine, Gaza
The first G20 finance ministers' meeting of the year ended Thursday without a joint statement due to deep divisions over the wars in Ukraine and Gaza, officials said. - No 'business as usual' - German Finance Minister Christian Lindner had earlier said his country planned to insist any final statement address Russia's two-year-old war in Ukraine.
Economy
Load more