The latest News articles on Moneyweb.

Sekunjalo group fights to keep bank accounts open

6 Oct 2023 /  Ciaran Ryan
Claiming anti-competitive behaviour by several banks.

Simba factory workers strike over ‘unfair’ transport deductions

6 Oct 2023 /  Kimberly Mutandiro, GroundUp
Workers claim the company has been deducting money from their salaries for transport, which it was supposed to supply for free.

Government looking for eggs from anyone willing to sell

6 Oct 2023 /  Akhona Matshoba
While some restaurants believe they have a plan to keep serving meals containing the protein despiite the shortage.

Rand heading to R20 per dollar

6 Oct 2023 /  Adriaan Kruger
There are fundamental reasons for the rand falling to new lows, and not much anybody can do about it.

Place UIF under administration – Busa

5 Oct 2023 /  Akhona Matshoba
Business body calls out the fund commissioner for failing to fix the problem.

Rand slips against the dollar

5 Oct 2023 /  Tannur Anders, Reuters
In early afternoon trade the rand was at R19.57 to the dollar.

Sarb won’t defend depreciating rand: Kganyago

5 Oct 2023 /  Kopano Gumbi, Reuters
The rand has weakened about 13% against the greenback this year.

Oil extends plunge as brent falls below $85 on demand worries

5 Oct 2023 /  Elizabeth Low and Alex Longley, Bloomberg
Brent for December settlement was 0.6% lower at $85.33 a barrel.

New cholera outbreak spreading across Zimbabwe kills up to 100 people

5 Oct 2023 /  Godfrey Marawanyika, Bloomberg
More than 4 000 people died from cholera during an outbreak in 2008 and 2009 in Zimbabwe. 

Transnet Freight Rail CEO Siza Mzimela resigns

5 Oct 2023 /  Akhona Matshoba
The CEO wrote a heartfelt letter to staff Thursday morning informing them about her departure.

Kganyago sticks with hawkish tone on inflation

5 Oct 2023 /  Ntando Thukwana, Bloomberg
'We have got to be seeing that consecutively, inflation is sustainably closer to the 4.5% that we aim for.'

Stocks rise, dollar falls as bond selloff abates: Markets wrap

5 Oct 2023 /  Richard Henderson and Chiranjivi Chakraborty, Bloomberg
Spot gold rose 0.3% to $1 826.53 an ounce.

World Bank laments Africa’s lost decade as economic growth slows

5 Oct 2023 /  Alister Bull, Bloomberg
Economic growth in sub-Saharan Africa is forecast to slow to 2.5% this year from 3.6% in 2022, the World Bank said.

Currency weakness, higher oil prices hit African economies, PMIs show

5 Oct 2023 /  Monique Vanek, Bloomberg
Crude surged past $90 a barrel last month for the first time in almost a year after OPEC+ leaders Saudi Arabia and Russia extended oil supply curbs of more than 1m barrels a day to the end of the year.

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