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SA stokvels collectively save R44bn annually

SA stokvels collectively save R44bn annually

11/06/2019 - 16:04
A total of R44 billion is collectively saved in 820 000 stokvels in South Africa annually, with more than 11 million South Africans being members of stokvels, according to Nedbank research. read more
18% drop in mining output huge shock for SA economy - economist

18% drop in mining output huge shock for SA economy - economist

13/05/2016 - 11:20
Johannesburg - There is no doubt that the fall in mining production in March is a major shock to the South African economy, Mike Schüssler, chief economist at Economists dotcoza told Fin24 on Thursday (12 May). read more
Retail sales lift case for rate hike

Retail sales lift case for rate hike

14/04/2016 - 10:22
Johannesburg - South Africa’s retail sales grew above expectations in February, data from Statistics SA showed yesterday, suggesting that the Reserve Bank might have scope to increase interest rates further at its next policy meeting. read more
Rand reverses losses after rate hike

Rand reverses losses after rate hike

18/03/2016 - 10:18
Johannesburg - South Africa's rand reversed losses, rallying more than 3 percent to its strongest in more than a week after the central bank hiked interest rates amid a political showdown that has jolted President Jacob Zuma's government. read more
Rand tanks amid Gordhan job fears

Rand tanks amid Gordhan job fears

17/03/2016 - 11:22
The rand broke through a psychological level of R16 versus the dollar in morning trade on Wednesday (16 March) amid concerns that Pravin Gordhan’s job may be in jeopardy. read more
Retail sales growth wanes on poor outlook for consumers

Retail sales growth wanes on poor outlook for consumers

17/03/2016 - 11:15
Johannesburg - The poor outlook for consumer spending on the back of weak consumer confidence, higher debt services costs, as well as fading disposable income because of high inflation dragged down retail sales growth to an annualised 3.1 percent in January from 4.1 percent in December. read more
Producer inflation rises as food pressures build up

Producer inflation rises as food pressures build up

21/12/2015 - 11:44
Producer inflation increased to 4.3% year on year last month from 4.2% in October, Statistics SA data showed on Thursday, indicating producers’ costs are rising. read more
Reserve Bank resumes hiking cycle as it warns of risks

Reserve Bank resumes hiking cycle as it warns of risks

24/07/2015 - 10:40
The South African Reserve Bank’s monetary policy committee (MPC) took a "finely balanced" decision to hike interest rates 25 basis points on Thursday, raising the question of what its next move would be as it flagged numerous risks to inflation. read more
No growth boost from retail sales

No growth boost from retail sales

19/03/2015 - 11:34
Retail sales increased last month but at a slower pace than over the past three months, indicating that spending by consumers is modest and not significantly supportive of economic growth. read more
Nedbank urges Nene to restore investor confidence

Nedbank urges Nene to restore investor confidence

18/02/2015 - 08:46
Finance Minister Nhlanhla Nene has to use the budget speech next week to restore investor confidence at a time when much of government’s policy proposals seem be "more populist than business friendly". read more
Wine farmers plead poverty

Wine farmers plead poverty

23/01/2015 - 10:17
Cape Town - Wine farmers and producers are simply not making enough money and are therefore not planting any new vines, according to VinPro CEO Rico Basson. read more
Business confidence falls and is expected to remain low

Business confidence falls and is expected to remain low

12/01/2015 - 10:14
Business confidence declined last month as the slide in the rand-dollar exchange rate had a significant effect on sentiment, the South African Chamber of Commerce and Industry (Sacci) said on Thursday. read more
Economy risks losing coveted credit status

Economy risks losing coveted credit status

12/11/2014 - 09:05
Johannesburg - South Africa risks losing its coveted investment grade credit status within five years if it fails to recover from an economic slump that prompted a downgrade by Moody's. read more
Newtown Junction opens this week

Newtown Junction opens this week

30/09/2014 - 10:36
The R1.3bn Newtown Junction mixed-use development opens on Thursday, promising to inject economic activity into Johannesburg’s inner city, which is slowly being revived. read more
Rand recoups losses from Russia deal

Rand recoups losses from Russia deal

25/09/2014 - 08:46
Johannesburg - South Africa's rand pulled back from the previous day's 8-month lows on Tuesday as calm returned to a market spooked by news of Pretoria signing a major nuclear power deal with Russia.  read more
SA’s trade deficit widens from June to July

SA’s trade deficit widens from June to July

01/09/2014 - 10:49
The deficit on South Africa’s trade balance widened more than expected in July to R6.9bn after a revised R469.8m (R192.2m) deficit in June, South African Revenue Service data showed on Friday. read more
Old Mutual says Nedbank’s Johnson to be finance chief

Old Mutual says Nedbank’s Johnson to be finance chief

16/05/2014 - 09:15
London – Insurer, Old Mutual, said yesterday that senior Nedbank executive, Ingrid Johnson, will become its new finance director, joining a small group of female FTSE 100 finance chiefs. read more
Nedbank, Pick n Pay launch a first for local banking in Namibia

Nedbank, Pick n Pay launch a first for local banking in Namibia

19/08/2013 - 08:56
Windhoek - In a first for Namibia's banking industry a commercial bank has teamed up with a major retailer to enable the bank's clients to withdraw money at the retailer's cashiers as they are doing their grocery shopping.  read more
Nedbank backs Tembisa's new MegaMart with R238m Loan facility

Nedbank backs Tembisa's new MegaMart with R238m Loan facility

29/04/2013 - 08:39
Tembisa in the East Rand, will soon get a new shopping mall by November 2013, thanks to the development of the Tembisa MegaMart following Nedbank Corporate Property Finance’s recent approval of a R238 million finance facility. read more
Boost for wine industry transformation

Boost for wine industry transformation

19/09/2012 - 08:36
Cape Town - Nedbank has invested more than R1.3m over the past six years to transform the wine industry and has almost trebled its annual contribution for 2012 to enable more aspirant winemakers to join the Cape Winemakers Guild Protégé Programme.  read more
Nedbank, Nampak funding R1bn pact

Nedbank, Nampak funding R1bn pact

24/11/2011 - 09:20
Nedbank Corporate Banking on Wednesday announced the successful conclusion of a R1 billion funding agreement with packaging group Nampak (NPK) in the form of a five year revolving credit facility. read more
All eyes on Bank as market is split on rate cut

All eyes on Bank as market is split on rate cut

21/07/2010 - 00:00
As the Reserve Bank's monetary policy committee (MPC) meets in Pretoria today, the money market is betting on a 48 percent chance of a 50 basis point interest rate cut - if not when the meeting ends tomorrow then at the next meeting in September. read more