QE won't happen - Kganyago; What rich people fear the most in SA; Eskom pumps up Exxaro profits; PPC
Loading player...
In today's news headlines:
* South African Reserve Bank Governor Lesetja Kganyago dismissed suggestions the central bank’s inflation-targeting mandate be broadened and that it undertake quantitative easing to support an economy facing its deepest contraction in almost nine decades.
* Wealthy individuals in five African nations including South Africa, Nigeria and Kenya see political instability as a significant threat to the preservation of their assets, a study finds.
* PPC, South Africa’s biggest cement maker, is considering a rights issue of about R1.25bn ($71.7m) to refinance both its domestic and international operations, according to people familiar with the matter.
* South African coal company Exxaro Resources reported a 40% jump in core earnings due to higher coal exports and a favourable exchange rate offsetting one-off items. Learn more about your ad choices. Visit megaphone.fm/adchoices
* South African Reserve Bank Governor Lesetja Kganyago dismissed suggestions the central bank’s inflation-targeting mandate be broadened and that it undertake quantitative easing to support an economy facing its deepest contraction in almost nine decades.
* Wealthy individuals in five African nations including South Africa, Nigeria and Kenya see political instability as a significant threat to the preservation of their assets, a study finds.
* PPC, South Africa’s biggest cement maker, is considering a rights issue of about R1.25bn ($71.7m) to refinance both its domestic and international operations, according to people familiar with the matter.
* South African coal company Exxaro Resources reported a 40% jump in core earnings due to higher coal exports and a favourable exchange rate offsetting one-off items. Learn more about your ad choices. Visit megaphone.fm/adchoices
