The Managing Director and Chief Executive, FirstRand Bank, Mr. Sizwe Nxasana, has said the bank is no longer interested in Enterprise Bank Limited. Reuters quoted the Nxasana as however saying that it was still interested in Keystone Bank Limited and Mainstreet Bank Limited. FirstRand, South Africa’s second-largest bank by value, […]
World News
South Africa Inflation Unchanged at 5.9% as Rand Weakens
South Africa’s inflation rate rose more than estimated in April as a decline in the value of the rand added to the cost of imports, reducing the chances of a cut in interest rates. Inflation was unchanged 5.9 percent from the previous month, Statistics South Africa said on its […]
Dollar dips vs euro before Bernanke testimony; yen weakens
The U.S. dollar fell against the euro on Tuesday after comments from Federal Reserve officials dented expectations the U.S. central bank may taper its bond purchases anytime soon. But the dollar rose against the yen, a day before the Bank of Japan concludes a two-day policy meeting. Traders widely expect […]
