Warsh may need five years to really shrink the central bank’s balance sheet
Once Warsh is confirmed to the post by the US Senate, he could institute some of the reforms more or less right away, provided he has buy-in from his colleagues.
FirstRand increases stake in Optasia with further R1.48bn acquisition
Will now have a 26.1% share in the AI-led fintech.
Copper falls with most metals as Iran war keeps traders on edge
Confusion over the direction and duration of the conflict is keeping some traders on the sidelines.
Rio Tinto calls time on diamond business as last mine closes
Marking the end of a business that lasted more than half a century.
US and Iran wrangle over talks
With no end to war yet in sight.
Selling Sasol, buying gold and PGM miners
Analysis of Sasol’s sharp rebound and whether there’s still value at current levels, alongside a tougher outlook for interest rates as a rate cut looks increasingly unlikely despite low inflation.
Oil climbs as US, Iran spar over talks and new Hormuz curbs loom
Brent for May settlement climbed 1.7% to $104.00 a barrel at 12:01 p.m. in Singapore.
Police chief Masemola faces criminal charges
Related to Cat Matlala’s R360m health tender scandal.
Hawks, SAPS snub parliament hearing on lottery corruption
Prompting calls for senior police leadership to be summoned.
SA’s fuel forecourts evolving into ‘lifestyle’ destinations?
Diversification through licensing, battery and supermarket partnerships seen as a way to counter the tough margins on fuel and slow rollout of electric vehicles.