The rand has erased the year’s losses and South Africa’s benchmark stock index closed at the highest level in nine months.
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Bitcoin’s rebound this year could have room to run if the US economy manages to achieve a soft landing.
It’s time for a recovery in South Africa’s crushed markets, according to international investment strategists.
National treasury is finalising a plan to take over a portion of Eskom’s R396-billion debt as part of a process to place the struggling company on a sustainable footing.
Naspers and Prosus, the European-listed spin-off of Naspers, have appointed Ervin Tu as group chief of investments, strategy and mergers & acquisitions of both companies.
The great work-from-home experiment has divided opinion. But a new study finds that, in fact, remote work does indeed make us more productive.
South Africa can fix Eskom’s balance sheet by transferring its guaranteed debt to the government’s balance sheet, according to the former CEO of Goldman Sachs Group in sub-Saharan Africa.
Finance minister Tito Mboweni said the South African economy could contract as much as 6.4% this year due to the coronavirus outbreak and the budget deficit could swell to more than 10% of GDP.
South Africa must make progress on structural reforms before banks like Goldman Sachs Group can help draw foreign capital to the country.
Goldman Sachs is growing concerned about Apple, and it is not alone. While shares of the iPhone maker have been stronger of late, the advance comes in contrast to a darker view toward the stock from analysts.