Browsing: Finance

The new Public Investment Corporation (PIC) board has just been announced. Most of the analysis of the recent goings-on at the PIC, and the resignations (voluntary or otherwise) that followed, seem to have focused more on governance, politics and board composition, ignoring the root cause of the pro…

Over the past few weeks an unexpected illustration of soft power has been exercised by finance minister Enoch Godongwana. In April the minister delivered a letter to Johannesburg mayor Dada Morero threatening to withhold the July instalment of the city’s equitable share grant. The basis for the th…

CBN Governor Yemi Cardoso says Africa should increasingly finance its own development by mobilising pension assets, insurance funds, domestic savings and diaspora wealth. He warned that global capital has become more selective, making it harder for emerging markets to rely on external financing. Car…

Story audio is generated using AI The financial gap between South Africa’s economic classes is widening, with middle-income to affluent consumers in a stronger financial position compared with last year, while lower-income households face rising financial stress, debt reliance and insecurity. Whil…

With global health financing under increasing strain, driven by declining donor funding and tightening national budgets, civil society organizations are warning that urgent action is needed to sustain essential health services and protect progress toward universal health coverage. On 10 December 202…

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South Africa’s construction industry risks remaining trapped in a cycle of weak growth unless procurement reforms translate into a sustained pipeline of infrastructure projects, despite small and micro enterprises becoming the sector’s largest employers. Stats SA data shows the industry’s cont…

Former Fair Cape finance boss pleads guilty to R23m fraud, money laundering Jean Jurgens Olivier pleaded guilty to 171 counts of fraud and one count of money laundering in the Bellville Specialised Commercial Crimes Court (pictured on the right). Photo credits: Facebook/Google Streetview Read this f…

Global climate and development activists stage a vivid "Tug-of-War for the Planet," between World Bank President Ajay Banga and U.S. President Donald Trump.Credit: Kevin Wolf / Alamy Stock Photo. International policyQ&A: How will the World Bank’s abandoned finance goal affect climate…

By Dharamraj DhutiaMUMBAI, – Indian gold loan financierIIFL Finance has accepted bids worth $300 million for a four-year social dollar bond, in its second such fundraise in less than ‌a month, ⁠two ⁠merchant bankers said on Friday.The non-banking finance company will offer a yield of 7.75% to …