
Adelaide Changole
Markets Reporter at Bloomberg News
Human. Journalist. Thoughts and opinions here all my own.
Articles
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1 week ago |
bloomberg.com | Adelaide Changole |Zinhle Xaba
Johannesburg(Bloomberg) -- Growing geopolitical upheaval and global policy uncertainty are among the biggest risks facing South Africa’s financial industry, the central bank said. The nation is vulnerable to spillover effects from trade-related tensions and international conflicts because of the limited extent to which it can mitigate against them, the South African Reserve Bank said in its biannual Financial Stability Review on Thursday.
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1 week ago |
bloomberg.com | Adelaide Changole
Pedestrians walk between office buildings in the Central Business District (CBD) of Lagos, Nigeria. (Bloomberg) -- Bank of New York Mellon Corp. will sell global depositary notes backed by local-currency Nigerian sovereign debt, offering investors access to the high yields offered by Africa’s most populous economy. The notes sold along with Standard Bank Group Ltd. will be eligible for settlement through Euroclear and Clearstream, the oldest US bank said in a statement on Wednesday.
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2 weeks ago |
insurancejournal.com | Adelaide Changole
South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. “This year we put out our first climate-risk scenario, common stress test, where we allow all of the banks to tell us how would they respond to a finance stress,” said South African Reserve Bank Deputy Governor Fundi Tshazibana.
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3 weeks ago |
bloomberg.com | Adelaide Changole
Flood water in Durban, 2022. (Bloomberg) -- South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. “This year we put out our first climate-risk scenario, common stress test, where we allow all of the banks to tell us how would they respond to a finance stress,” said South African Reserve Bank Deputy Governor Fundi Tshazibana.
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3 weeks ago |
bloomberg.com | Adelaide Changole
A resident surveys the central business district in Johannesburg, South Africa. (Bloomberg) -- South Africa’s economy is 37% smaller than it would have been had the country tracked its emerging-market peers and sustained annual growth of 4.5% since 2010, a report by Investec Wealth & Investment International said.
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