Markets see 80pc chance of December Fed cut
Traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data, spurring gains for Treasury debt. The rally trimmed…
SA Ponzi schemes are miles ahead of authorities
Last week, the Financial Sector Conduct Authority (FSCA) issued a warning against Tiger Agriculture, a pyramid scheme pro On Sunday, the team leaders of the Tiger scheme started promoting Farm…
MultiChoice says Canal+ deal will help take on Netflix
MultiChoice chief executive officer Calvo Mawela is preparing to take on US streaming giants as the African TV company works to get its approximately US$3 billion deal with Vivendi SEโs…
Nigeria lifts oil output to 1,8m barrels per day
Nigeriaโs state oil firm NNPC said yesterday it had increased oil production to 1,8 million barrels per day (bpd), with the possibility of getting to two million bpd by year-end.…
Treasury to clear ZiG57m BEAM arrears
Wallace Ruzvidzo Herald Reporter The Government has pledged to clear ZiG57 million in arrears it owes the Basic Education Assistance Module (BEAM), after a recent directive by the ruling Zanu…
Selekta Base Blowout Festival to host charity event
Ivan Zhakata Herald Correspondent Selekta Base, a leading entertainment company, is gearing up for its final event of the year, a charity-focused celebration. The event, scheduled for December 26 at…
French bank sees others adding to 400m South Africa climate loan
The head of Franceโs state development bank expects other development finance institutions to add to a โฌ400 million (US$432 million) climate loan for South Africa that partners will likely sign…
Inside PnPโs plan to double subsidiary in 5 years
Pick n Payโs Boxer subsidiary, which will list on the Johannesburg Stock Exchange (JSE) before the end of 2024, has an ambitious plan to double its turnover within five years.In…
Zuckerberg avoids personal liability in Meta suits
A US federal judge again rejected a bid to hold Mark Zuckerberg individually liable in two dozen lawsuits accusing Meta Platforms Inc. and other social media companies of addicting children…
Moza-SA border post closure costs SA dearly
The closure of the Lebombo border post between South Africa and Mozambique, and the resultant disruption to cargo moving through the Maputo Port, is costing the South African economy an…