Zinhle Xaba

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.

1 month ago | news.bloombergtax.com | Ntando Thukwana |Zinhle Xaba

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1 month ago | bloomberg.com | Ntando Thukwana |Zinhle Xaba

Lesetja Kganyago(Bloomberg) -- The South African Reserve Bank looks set to ease borrowing costs on Thursday to support a faltering economy, before pausing to assess any further fallout from US President Donald Trump’s trade war. Most economists polled by Bloomberg expect Governor Lesetja Kganyago’s monetary policy committee to reduce the benchmark interest rate by 25 basis points to a more than two-year low of 7.25%.

1 month ago | bloomberg.com | Khuleko Siwele |Zinhle Xaba

A Cell C Ltd. advertisement billboard in Johannesburg. (Bloomberg) -- Blue Label Telecoms Ltd. surged to the highest in almost seven years after it proposed a restructuring of its business to ultimately enable a listing of Cell C Ltd., South Africa’s fourth-largest wireless carrier.

2 months ago | bloomberg.com | Zinhle Xaba |Arijit Ghosh

An Aspen Pharmacare Holdings Ltd. plant in South Africa. (Bloomberg) -- Aspen Pharmacare Holdings Ltd. plunged the most almost 27 years after the South African drugmaker disclosed a dispute with a client that could reduce its profit and may lead to 770 million-rand ($41 million) charge. The stock fell 31%, the most since June 1998, to 112 rand by the close in Johannesburg Wednesday. That’s the lowest since October 2020.