US Federal Reserve

 

Economist: Govts should not take on private debt

Staff Reporter

If governments take on private-sector debt created during the subprime crisis, the poor will be hardest hit, economist Iraj Abedian said in Cape Town on Tuesday. "Heaven help us if it happens in developing countries," he told a discussion on the global economic meltdown.

JSE weak in quiet trade, miners weigh

Tiisetso Motsoeneng

South African stocks were weaker at noon on Wednesday with miners under pressure on retreating metal prices, but the session was quiet as most traders are still away on a long weekend break. At noon, the JSE's broader all-share index was down 0,46%, with the gold and platinum mining indices down 1,47% and 1,65% respectively.