Market investors are trading cautiously before the outcome of US elections and a US rate cut, says Mike Keenan, the chief fixed income and currency strategist at Absa. “We have to keep our thinking caps on because there could be watershed moments that push us in different directions from where
By Shane Dladla and Phapano Phasha Cash economies have historically being linked to all sorts of crimes and corruption as well as tax evasion and counterfeiting and a litany of research has shown that cashless economies provide a stronger control regime against anti-money laundering, which could be used to funnel
Cold storage and logistics provider Commercial Cold Holdings (CCH) on Friday announced the acquisition of iDube Cold Storage, based in KwaZulu-Natal (KZN), for an undisclosed amount as it continues its expansion within the temperature-controlled logistics industry. The acquisition expanded CCH’s national footprint, bringing the total capacity to 153 000 pallet
The 9th Annual Meeting of the New Development Bank (NDB) began on Friday in Cape Town with a number of dignitaries and world leaders in attendance including Finance Minister Enoch Godongwana and the President of the NDB, Dilma Rousseff. Godongwana welcomed the guests and said South Africa was honoured to
The New Development Bank (NDB) said on Friday that it was pleased to announce a R5 billion loan agreement with Transnet. According to a statement by the freight transport and logistics company, this investment would help support the modernisation and improvement of South Africa’s freight rail sector. The loan agreement
EGYPT is fully committed to supporting the mission by the New Development Bank (NDB) to help finance infrastructure development projects in the global south. This was said by Dr Rania Al-Mashat, the governor of the New Development Bank (NDB) for Egypt, and Egypt’s Minister of Planning, Economic Development and International
SIX areas of action were needed to deliver on the United Nation’s Sustainable Development Goals (SDGs), as well as climate transition, said Ngozi Okonjo-Iweala, director-general of the World Trade Organisation. Speaking at the New Development Bank’s ninth annual meeting, held in Cape Town, on Friday, she said there were daunting
THE New Development Bank’s (NDB) ninth annual meeting, held in Cape Town, is an important event in the bid to mobilise the world around the call for investment in a sustainable future, Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), said on Friday. “This is a forum for
The New Development Bank (NDB) is continuing to diversify its funding instruments and used Panda bonds as a financial instrument, according to Zhongxia Jin, the director general, Treasury & Portfolio Management Division of the New Development Bank (NDB). Speaking at the 9th annual meeting of the NDB, he said on
President Cyril Ramaphosa told China’s Xi Jinping on Monday he wanted to narrow South Africa’s trade deficit with Beijing, days before the Chinese leader is due to urge a summit of 50 African nations to buy more Chinese goods. China, which has the world’s second-biggest economy, is South Africa’s largest
