President Jacob Zuma is looking East for inspiration, as the ANC pushes for resource nationalism rather than a crude form of nationalisation.
Restructuring at Absa by the bank’s global parent Barclays has seen the loss of senior managers and rattled the market.
The shake-up in Absa’s upper echelons is a case of parent Barclays “micromanaging” the local operations and direct intervention, according to sources.
Gill Marcus keeps rates on hold.
After a probe into claims of conflicts of interest and misappropriation of funds, FNB’s Islamic Finance
subdivision is set for serious restructuring.
It was tiny skirts, bulging wallets, flashy cars and booze galore as the ANC celebrated its centenary in Bloemfontein.
The bond market, critical to service the country’s deficit, is coming under fire.
President Zuma has plotted out the ANC’s future, promising to defeat factionalism and "political demons" in the party, and to speed up transformation.
ANC centenary celebrations continued into the early hours of Sunday ahead of the historic January 8 statement by President Jacob Zuma in Bloemfontein.
With all accommodation booked out for the ANC’s centenary bash, locals are making a killing.