The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) recently hiked the taking the prime lending rate to 9.75% – making borrowing money from a bank to finance a home even more expensive.
South Africa’s government said it has “no reason” to apply sanctions brought against Russian tycoon Alexey Mordashov and that his $500 million (R9 billion) megayacht is free to dock at its ports.
The Medium Term Budget Policy Statement (MTBPS) is expected to reveal an improved budget deficit and debt ratios for the 2022/23 financial year as a result of better-than-expected personal tax collections, lower levels of refunds and higher commodity p...
Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year for the group marked by a plunge into bear market territory.
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