Dr Maponya Think Tank encourages graduates to create jobs

Small, Medium and Micro Enterprises (SMME) have been identified as productive drivers of inclusive economic growth and development in South Africa. SMME’s are considered an important contributor to the economy and reducing unemployment, according to Mr Costa Georghiades.

Speaking at the University of Johannesburg (UJ) and Dr Richard Maponya…

Read More

"Interest rates unchanged"

The South African Reserve Bank (SARB) is keeping its key lending rate on hold at 5.5 percent, said governor Gill Marcus on Thursday.
The repo rate is the interest rate at which the SARB lends money to commercial banks.
This implies that banks will not increase their prime lending…

Read More

Rand firm against the dollar

The rand edged up against the dollar on Wednesday as global risk appetite improved, but market analysts said it could end the week on the back-foot if the central bank issues a dovish policy statement.
By 16:21 GMT, the rand was changing hands at R10.6895/dollars up…

Read More

Food, petrol fuel inflation rise

The consumer price index (CPI) for all urban areas rose to 5.9 percent in February, Statistics SA said on Wednesday.
“The rate was 0.1 of a percentage point higher than the corresponding annual rate of 5.8 percent in January 2014,” it said in its key findings on…

Read More

Rand slips

The rand weakened slightly against the dollar on Monday.
It traded at R10.7280/dollars at 15:08 GMT down 0.5 percent from Friday’s New York close.
The currency has traded above R11/dollars for nearly a month despite an ongoing platinum sector strike, the first electricity blackouts…

Read More

Vodafone acquire Ono

Vodafone has agreed to buy Spanish’s largest mobile operator Ono for 7.2 billion euros, in the latest move by the British group to acquire fixed-line assets to rebuild its European operations.
Vodafone said on Monday it expected to achieve cost and capital expenditure savings of approximately 240…

Read More

Naspers plunges

Naspers headed toward their biggest one-day loss in two-and-a-half-years on Friday after China’s Tencent Holdings, which Naspers owns over a third off were hit by a sell-off.
China’s central bank ordered a halt to some mobile payment methods used by internet companies…

Read More

Rand falls to two-week low

The rand fell to its weakest in a fortnight against the dollar on Wednesday, as emerging market currencies came under pressure because of growth concerns in China.
The world’s second largest economy is also a major importer of South Africa’s minerals, and a slowdown there could hit already…

Read More
css.php Future Brand Media