daniel chigunwe
- businessweekly
- May 23, 2023
- 71 views
Fed’s Bullard sees two more interest-rate hikes needed in 2023 to cool prices
Bloomberg Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation. “I…
- businessweekly
- May 23, 2023
- 72 views
Deutsche Bank strategists recommend buying ‘extremely cheap’ SA bonds
Bloomberg Deutsche Bank AG strategists recommend buying South African government bonds after a selloff that drove yields to near the record highs seen during the pandemic. Valuations are now “extremely…
- businessweekly
- May 23, 2023
- 63 views
Rand firms on bets of large Sarb rate hike, credit rating unchanged
Reuters The rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike, with a central bank announcement the…
- businessweekly
- May 23, 2023
- 70 views
Lagarde trusts in US common sense to avert catastrophic default
Bloomberg European Central Bank President Christine Lagarde appealed to US politicians to resolve their standoff over the debt ceiling. “If the United States was to default on its debt it…
- businessweekly
- May 22, 2023
- 77 views
Analysts warn of economic meltdown as businesses resist stabilisation measures
Michael Tome Some analysts have warned of a “sharper” economic slowdown following the recent measures put in place by Government meant to stabilise the economy already threatened by massive depreciation…
- businessweekly
- May 22, 2023
- 88 views
Govt spending spurs demand for construction inputs
Business Writer Government spending on construction has markedly increased in the past few years, some industry players said, giving the already booming sector an additional impetus. Over the past four…
- businessweekly
- May 22, 2023
- 79 views
RTG occupancies back to pre-Covid-19 era
Business Writer Listed hotelier, Rainbow Tourism Group (RTG), reported that its first quarter to March 31, 2023 occupancies were back to near pre-Covid-19 period. In a trading update, company secretary,…
- businessweekly
- May 22, 2023
- 95 views
Crisis in South Africa is eroding a basic rule of monetary policy
A crippling energy crisis, a low growth environment and deteriorating fiscal metrics combined to push the rand to a record low last week. But the normal response of raising interest rates…
- businessweekly
- May 19, 2023
- 157 views
Someone is creating ‘hot money’ – Industry
Golden Sibanda WITH Zimbabwe’s economy in a tailspin again, roiled by the rapidly depreciating Zimbabwe dollar, industrial players believe only one factor is responsible; creation of ‘hot money’. ‘Hot money’…
- businessweekly
- May 19, 2023
- 102 views
Zim enters new era as dialogue starts yielding results
Business Writer Zimbabwe convened the 4th Structured Dialogue Platform on arrears clearance and debt resolution process in Harare on Monday. The meeting was attended by President Mnangagwa, arrears clearance and…