SABC's 3-month cover; Comair gets SAA boost; Rand breaks 14; Glencore wants Rio's aluminium; more SARB fire dousing
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In today's business headlines:
With only three months of salaries secured for the SABC, its COO says its future now lies with the banks;
A sharp increase of more than 20% is expected in Comair’s earnings thanks to a court settlement;
The rand strengthened to below R14 to the dollar yesterday, its best level against the greenback since late April;
Glencore is one of at least three companies interested in buying Rio Tinto’s aluminium assets in Europe;
Nigeria has told its banks that they should use at least 60% of their deposits for loans by the end of September;
Finance Minister Tito Mboweni and Reserve Bank Governor Lesetja Kganyago converse again to douse Reserve Bank interference fires.
With only three months of salaries secured for the SABC, its COO says its future now lies with the banks;
A sharp increase of more than 20% is expected in Comair’s earnings thanks to a court settlement;
The rand strengthened to below R14 to the dollar yesterday, its best level against the greenback since late April;
Glencore is one of at least three companies interested in buying Rio Tinto’s aluminium assets in Europe;
Nigeria has told its banks that they should use at least 60% of their deposits for loans by the end of September;
Finance Minister Tito Mboweni and Reserve Bank Governor Lesetja Kganyago converse again to douse Reserve Bank interference fires.
