Motsepe plans money management firm
The Financial Mail has reported that the billionaire is planning to start a financial-services company.
PIC says investment in oil explorer already paying off
South Africa’s biggest fund manager is "in the money already" when it comes to returns on its multibillion-rand investment in Camac Energy.
South Africa’s current-account deficit widens to 6.8% of GDP
The Reserve Bank’s last quarterly update for the year shows that the current-account deficit widened to the biggest gap in half a decade.
Sekunjalo turns down Gupta bid for Independent
Sekunjalo has rebuffed an approach by the Gupta family to take a stake in Independent News & Media group, says chairperson Iqbal Survé.
Waiting for the Rainbow: Villagers lament Motsepe’s empty promises
Poverty-stricken villagers wait in vain for development promised to them by African Rainbow Minerals, which pledged to provide houses and roads.
Marcus says inflation and growth risks limit options
Reserve Bank Governor Gill Marcus says rising inflationary risks from a weaker rand and a slowing economy are limiting room to adjust interest rates.
Marcus stresses South Africa’s price stability task as GDP slumps
The Reserve Bank governor has said policy makers’ core mandate is to control inflation even as economic growth forecasts are set to be lowered.
Consumer spending slows down to nine-year low
Retail-sales growth has slowed in March from a year earlier as inflation has remained close to the top of the central bank’s target.
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Abidjan returns to normal after protests
Shops reopened and cars passed through Abidjan’s previously barricades streets on Thursday following a near-complete shutdown of Côte d’Ivoire’s commercial capital by hard-line supporters of President Laurent Gbagbo. The Young Patriot militants said they had made their point with one day of protest.
