SARB keeps repo rate unchanged, downgrad...

Friday, 20 July 2018

The South African Reserve Bank's SARB's monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision. The announcement, made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday afternoon, was in line with expectations of most economists. The repo rate is the benchmark interest rate at which the SARB lends money to other banks. Changes in the repo rate affect the prime lending rate, which is the lowest rate at which banks start lending to clients. With the repo rate unchanged, the prime lending rate will remain at 10%. INFLATION OUTLOOK: Among the risks to inflation identified by the monetary policy committee was the...

The South African Reserve Bank's SARB's monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision. The announcement, made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday...

The South African Reserve Bank's SARB's monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision. The announcement,...

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Listed contractors feeling the pinch as ...

Thursday, 19 July 2018

A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa.With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry Insight senior economist David Metelerkamp on Wednesday said the past few years had seen the grip of South Africa’s large, listed construction firms on the construction market steadily eroding in a sector that was already facing tough times.With nearly 70% of the market value of the listed giants lost over the last ten years, the higher-end of the sector is feeling the most pain, he said during an AfriSam stakeholders breakfast session.Discussing...

A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa.With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry...

A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa.With...

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GERMANY GRANTS SA USD 100M FOR RENEWABLE...

Monday, 16 July 2018

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Raubex set to lead $240m Beitbridge face...

Monday, 16 July 2018

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government launched the project following the signing of a 240m contract for the expansion of the border infrastructure, part of an ongoing push to turn SA’s busiest inland border post into a one-stop crossing.Construction costs are expected to total 170m, with the full cost coming to 240m, including transaction costs, Zimborders Consortium CEO Francois Diedrechsen said on Sunday. Zimborders is a group of Zimbabwean, South African and international investors, and financial institutions.The border post will be run as a public-private partnership between...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government launched the project following the signing of a 240m contract for the expansion of the border...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government...

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