BNP Paribas has begun to negotiate the purchase of RCS Investment Holdings, a consumer credit provider owned by Standard Bank and Foschini.
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The new co-heads of Standard Bank has promised to sharpen the African focus following chief executive Jacko Maree’s resignation announcement.
South African Reserve Bank governor Gill Marcus has announced a cut in the repo rate by 50 basis points to 5%.
The recent uprisings in North Africa highlight how youth unemployment fuelled unrest, World Bank officials said on Thursday.
The South African Reserve Bank Amendment Bill [B10-2010] Submissions and Hearings
Africa’s main development bank says the continent is making a "spectacular" recovery from the global recession.
African ministers of economy will discuss proposals next week for a continental investment bank and stock exchange to promote development.
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/ 1 December 2008
The ANC will not plunder the pockets of South Africans to realise the ambitious goals set out in its election manifesto, it said on Monday.
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/ 10 November 2008
Eskom said on Monday it had signed a -million loan with the African Development Bank to support its power-expansion programme.
African Development Bank pledged -billion more for food aid on Friday as soaring commodity prices raise fears of famine, and it urged grain-exporting countries not to restrict shipments. The bank said that its agriculture portfolio will grow to ,8-billion, and it was restructuring a portion of that to free up -million to be used more quickly.