News 24

Fin24.com | Rand strengthens thanks to lockdown easing globally
Posted: Mon, 25 May 2020 17:13:02 +0200
The rand, which was seen heading past R20 to the US dollar, has strengthened in recent weeks as the world's leading economies ease lockdown restrictions.


Fin24.com | Lockdown | Netcare patient numbers plummet in April
Posted: Mon, 25 May 2020 18:11:18 +0200
Netcare says hospital stays by patients nearly halved in April as the lockdown kept people away from accidental harm, while non-urgent surgeries had to be postponed.


Fin24.com | Reserve Bank running out of space to keep lowering interest rates – Kganyago
Posted: Mon, 25 May 2020 12:53:27 +0200
The SA Reserve Bank was has slashed the repo rate by 275 basis points this year.


Fin24.com | Truworths braces for heavy blow to earnings from coronavirus
Posted: Mon, 25 May 2020 20:01:14 +0200
The coronavirus pandemic is likely to have hit Truworths hard, the retailer has warned, with its full-year earnings facing a possible drop of some 30% and the payment of a dividend unlikely.


Fin24.com | Tiger Brands share falls as profits slide 75%
Posted: Mon, 25 May 2020 16:27:25 +0200
Tiger Brands CEO warns that challenging economic circumstances would persist for some time with the company expecting to lose up to R500 million due to the Covid-19 pandemic.


Fin24.com | ArcelorMittal SA will only return to full output when demand returns
Posted: Mon, 25 May 2020 16:38:21 +0200
The Lakshmi Mittal-owned steelmaker says it will take months if not years before the economy starts to revive and the demand for steel grows again.


Fin24.com | Ofentse Mokwena | The road back to school should include better scholar transport
Posted: Mon, 25 May 2020 15:14:31 +0200
Failure to provide subsidised transport to and from schools, within the criteria of the Learner Transport Policy, is a violation of the basic right to education, says Ofentse Mokwena.


Fin24.com | US Treasury secretary demands independent probe of African Development Bank head
Posted: Mon, 25 May 2020 13:21:58 +0200
The US Treasury is the AfDB’s biggest non-African shareholder.


Fin24.com | Isaah Mhlanga | We can't just spend our way out of this economic crisis, debt still matters
Posted: Mon, 25 May 2020 12:53:50 +0200
The suggestion that we should not be worrying about government debt because we are in the middle of a global crisis is worrying, writes Alexander Forbes Chief Economist, Isaah Mhlanga.





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