Zinhle Xaba

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

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1 week 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%.

3 weeks 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.

1 month 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.