Old Mutual announced that its US asset management group was selling NWQ Investment Management company to John Nuveen for -million.
The South African Reserve Bank (SARB) is very careful and considered in its approach to interest rates, says the bank’s deputy governor Gill Marcus.
East London will receive an investment boost when waste management multi-national Onyx sets up a depot in the town as part of a R50-million investment plan for South Africa.
A proposed 16 cents reduction in the fuel price was an indication that the rand’s recovery was helping to combat rampant inflation.
Alexander Forbes posted a sharp rise in annual earnings on Monday thanks to a weak rand and good trading conditions.
The Reserve Bank should maintain a tight policy stance, including possibly imposing a further rate increase this month, to prevent inflation and inflationary expectations getting out of hand.
Harmony has announced that the dispute with NUM and its Randfontein operations had been resolved, with striking employees due to return to work on Monday evening.
Deutsche Bank will do one billion rand worth of deals that will be positive for South Africa’s foreign reserves under a secret agreement.
South African banking group FirstRand said on Friday it had reached an agreement to acquire troubled Saambou Bank for a nominal one rand.
A holiday in some parts of continental Europe is seen aiding the South African rand’s recent strength and the rand is seen trading in a broad range on Monday, traders said.