aurora
- businessweekly
- March 18, 2020
- 69 views
Stocks, oil sliding again in ‘irrevocably changed’ markets
Global stocks stumbled back into the red on Wednesday with Wall Street futures pointing to more losses ahead as fears over the coronavirus fallout eclipsed large-scale support measures rolled out by policymakers around the globe.
- businessweekly
- March 18, 2020
- 75 views
South African Airways cancels 162 flights due to coronavirus
South African Airways (SAA) said on Wednesday that it had cancelled 162 international and regional flights until the end of this month due to low demand and restrictions linked to the coronavirus.
- businessweekly
- March 18, 2020
- 36 views
Explainer: The fungibility suspension
Last week, Treasury – through Exchange Control (Suspension of Fungibility of Certain Shares) Order 2020 – suspended the fungibility of Old Mutual Limited, PPC Limited and Seed Co International Limited shares for a period of 12 months.
- businessweekly
- March 17, 2020
- 30 views
Goldman sees China’s economy shrinking 9% in first quarter amid coronavirus outbreak
Goldman Sachs said on Tuesday that China’s economy will likely shrink 9% in the first quarter, underscoring how the coronavirus has disrupted normal business activities, while China reported an uptick in new cases of the disease, most of them imported.
- businessweekly
- March 17, 2020
- 23 views
Rand claws back some lost ground
South Africa’s rand strengthened against the dollar in early trade on Tuesday, a day after the country’s currency, stocks and government bonds plunged on panic over the coronavirus pandemic.
- businessweekly
- March 17, 2020
- 84 views
CTC capacitates on trade defence mechanisms
Panashe Chikonyora The Competition and Tariff Commission will be holding a training workshop on trade defence mechanism to counteract Unfair Trade Practices (UTPs) and surges in imports which costs the…
- businessweekly
- March 17, 2020
- 44 views
Payday lending trap requires a credit supply rethink
Payday lending is booming in Australia. The industry has around one million customers and over 1,100 loan providers. ASIC estimates the number of loans more than doubled between 2008 and…
- businessweekly
- March 16, 2020
- 50 views
European shares slump to 2012 lows
European shares plummeted to 2012 lows on Monday as the coronavirus pandemic raged through Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage.
- businessweekly
- March 16, 2020
- 71 views
South African rand weakens on virus concerns; focus shifts to rate decision
JOHANNESBURG – South Africa’s rand weakened against the dollar on Monday as the deepening coronavirus crisis roiled financial markets, with focus shifting to the central bank interest rate decision due later in the week.
- businessweekly
- March 16, 2020
- 122 views
Regulatory reforms expedite Justice Smith Report implementation
For quite a while now, Zimbabwe has suffered from the existence of anemic regulatory authorities, or perhaps just outdated ones.