Traders scaled back their bets for South Africa’s interest rate cuts this year, with markets now pricing in only one as they decipher the Federal Reserve’s preference to move slower on rates and US president-elect Donald Trump’s path on tariffs.Forward-rate agreements, used to speculate on borrowing costs, are now pricing in just a single 25-basis-point…
THE domestic Air Services Licensing Council requires that all voting rights in domestic airlines must be held by natural persons and not legal entities.This interpretation of the Air Services Licensing Act, voiced in a letter to FlySafair dated 6 January, renders almost all domestic airlines non-compliant and puts their operations at risk, says FlySafair.In the…
A turnaround in the finances of Eskom has won praise from investors but they are keeping their eyes on one issue — the company’s struggle to recoup some $5 billion in unpaid electricity bills from cities and towns across the country.It’s a debt pile that continues to mount as municipalities themselves fall behind in collecting…
Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts.The consumer price index excluding food and energy is seen rising 0.2% in December after four straight months of 0.3% increases, according…
Apple’s board has asked its investors to vote against a proposal to end its Diversity, Equity, and Inclusion (DEI) programmes.It comes after a conservative group, the National Center for Public Policy Research (NCPPR), called on the technology giant to abolish its DEI policies, saying they expose firms to “litigation, reputational and financial risks”.Apple’s directors say…
Gold hit a record high, as it receives sustained haven demand with investors monitoring the approaching US election and conflict in the Middle East. Bullion edged up to $2 750.34 on Wednesday, beating Tuesday’s peak by about $1, with geopolitical risks taking center stage as traders focused on a tight US presidential race and concerns…
South African Airways (SAA) is currently debt-free and is not looking for additional funding from National Treasury. However, Parliament’s Standing Committee on Public Accounts (Scopa) heard on Tuesday the national carrier requires a capital injection to get back to its “former glory”. The capital is also needed to bring forward some of the plans it…
Scores of households in Bertrams, Johannesburg, are being threatened with service cut-offs, but they have not been receiving municipal bills because of the City of Johannesburg’s faulty property records. The city’s allocated stand (erf) numbers do not coincide with those on the title deeds or with the street addresses of at least 22 properties, all…
African central banks set to decide on interest rates in the next three weeks are unlikely to follow the tide of global easing and maintain tight monetary policies, with one exception. “The broader theme is one of caution and data dependence with central banks closely monitoring inflation and currency trends,” said EY Africa Chief Economist…
Major airlines around the world have cancelled flights to Israel or warned of travel disruption as the security situation deteriorates. Virgin Atlantic warned of cancellations and delays to Tel Aviv and British Airways (BA) has altered its schedule. Meanwhile, three US carriers, as well as Air France, Lufthansa and Emirates, have suspended services. Palestinian militants…
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