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Business South Africa

  • MONDAY, APRIL 10 MELBOURNE, Australia- Federal Reserve Bank of St. Louis President James Bullard gives a presentation on the U.S. economy and monetary policy before the Monash University International Distinguished Lecture event 0305 GMT. ANN ARBOR, U.S. state of Michigan- Federal Reserve Chair Janet Yellen participates in a discussion with Gerald R. Ford...

  • CERNOBBIO, Italy- Executive Board Member Yves Mersch participates in a panel discussion "The Agenda for Europe" at Ambrosetti's Finance Forum on "The Outlook for the Economy and Finance" in Villa d'Este, Cernobbio, Italy 0730 GMT. SUNDAY, APRIL 9 MELBOURNE, Australia- Federal Reserve Bank of St. Louis President James Bullard gives a presentation on the U.S. economy...

  • CERNOBBIO, Italy- Executive Board Member Yves Mersch participates in a panel discussion "The Agenda for Europe" at Ambrosetti's Finance Forum on "The Outlook for the Economy and Finance" in Villa d'Este, Cernobbio, Italy 0730 GMT. SUNDAY, APRIL 9 MELBOURNE, Australia- Federal Reserve Bank of St. Louis President James Bullard gives a presentation on the U.S. economy...

  • PRAGUE- Czech National Bank to publish the minutes from the March governing board meeting. CEBU, Philippines- Asean Finance and Central Bank Deputies Meeting. CEBU, Philippines- Asean Finance and Central Bank Deputies Meeting.

  • PRAGUE- Czech National Bank to publish the minutes from the March governing board meeting. CEBU, Philippines- Asean Finance and Central Bank Deputies Meeting. CEBU, Philippines- Asean Finance and Central Bank Deputies Meeting.

  • JOHANNESBURG, April 6- South Africa's rand will be relatively stable against the dollar for the rest of 2017 as the impact of Finance Minister Pravin Gordhan's shock dismissal and a credit rating cut to "junk" is already priced in, a Reuters poll found on Thursday. The rand is expected to weaken from a current 13.7375 per dollar to 14.00 in 12 months' time, 8 cents...

  • JOHANNESBURG, April 6- South Africa's rand will be relatively stable against the dollar for the rest of 2017 as the impact of Finance Minister Pravin Gordhan's shock dismissal and a credit rating cut to "junk" is already priced in, a Reuters poll found on Thursday. The rand is expected to weaken from a current 13.7375 per dollar to 14.00 in 12 months' time, 8 cents...

  • *Miners say they are saving jobs, creating different roles. SANTIAGO/ LONDON, April 6- Mining companies chasing the kind of technological breakthroughs made long ago in the manufacture of cars and mobile phones have unveiled eye-catching innovations ranging from vast drills and remote-controlled trucks to second-by-second data analysis.

  • LONDON, April 5- If South Africa loses two of its prized investment grade credit ratings for foreign and local currency borrowing in the turmoil triggered by the sacking of the finance minister, the country could lose more than $10 billion in investment funds. Moody's later placed South Africa on review for downgrade. Being downgraded to junk by at least two...

  • ADM said in a statement it had informed staff it was "proposing discontinuing our South Africa merchandising operations, following the legally required employee consultation process." The company said this related to its global trade desk operations in Johannesburg, adding it would continue activities related to its Golden Peanut and Tree Nuts food...

  • *Rand, bonds fall after ANC back Zuma. JOHANNESBURG, April 5- South Africa's African National Congress "closed ranks" around President Jacob Zuma after two key allies of the ruling party called for his resignation following a cabinet reshuffle that cost the country one of its investment-grade credit ratings. Last Thursday's dismissal of finance minister...

  • *Rand, bonds fall after ANC back Zuma. JOHANNESBURG, April 5- South Africa's African National Congress "closed ranks" around President Jacob Zuma after two key allies of the ruling party called for his resignation following a cabinet reshuffle that cost the country one of its investment-grade credit ratings. Last Thursday's dismissal of finance minister...

  • *ANC-allied Cosatu trade union asks Zuma to step down. PRETORIA, April 4- South Africa's biggest trade union called on President Jacob Zuma to quit on Tuesday, in the wake of a cabinet reshuffle that has cost the country one investment-grade rating and deepened a rift within the ruling African National Congress. Zuma's sacking of respected finance minister...

  • *ANC-allied Cosatu trade union asks Zuma to quit. PRETORIA, April 4- South Africa's biggest trade union called on President Jacob Zuma to quit on Tuesday, in the wake of a cabinet reshuffle that has cost the country one investment-grade rating and deepened a rift within the ruling African National Congress. Zuma's sacking of respected finance minister Pravin...

  • By Olivia Kumwenda-Mtambo and Tanisha Heiberg. PRETORIA, April 4- South Africa's biggest trade union called on President Jacob Zuma on Tuesday to quit after his cabinet reshuffle cost the country one of its investment-grade credit ratings and deepened splits within the ruling African National Congress. The call from Cosatu came moments after Zuma made his...

  • By Tanisha Heiberg and Olivia Kumwenda-Mtambo. PRETORIA, April 4- South Africa's biggest trade union called on President Jacob Zuma on Tuesday to quit after his cabinet reshuffle cost the country one of its investment-grade credit ratings and deepened splits within the ruling African National Congress. Cosatu's statement came moments after Zuma made his...

  • S&P: South Africa govt divisions could erode business trust

    Ravi Bhatia, director for sovereign and international public finance ratings at S&P Global Ratings, gives his views on South Africa’s new Finance Minister Malusi Gigaba.

  • S&P downgrades South Africa; Moody's place it under review

    Ravi Bhatia, director for sovereign and international public finance ratings at S&P Global Ratings, explains why S&P downgraded South Africa’s credit rating to “junk”.

  • Aberdeen: Political uncertainty rising from Venezuela nationalizations

    Edwin Gutierrez, head of emerging market sovereign debt at Aberdeen Asset Management, talks about on emerging markets, with specific comment on South Africa and Venezuela.

  • The political upheaval in South Africa is getting in the way of a strong recovery for the rand.