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Financial Services

African Development Bank issues world's biggest social bond in virus fight

Mar 28 2020 13:55

The African Development Bank said it issued the world’s biggest social bond yet by selling $3 billion of notes to fight the impact of the coronavirus on the continent.

    Financial Services

    Reserve Bank takes steps to ease bank lending

    Mar 28 2020 16:15

    South Africa’s banking regulator has published proposals to drop the minimum capital requirements and compulsory reserve funds for lenders to boost credit to counter the economic risks caused by the coronavirus pandemic.

    Retail

    Edcon, like SAA, 'on life support for a long time' - analyst

    Mar 28 2020 07:00

    Edcon has something in common with troubled state-owned airline South African Airways: it has been on life support for a long time, says Evan Robins, portfolio manager at MacroSolutions, Old Mutual Investment Group.

    ICT

    MultiChoice announces R80m fund for production staff hit by lockdown

    Mar 27 2020 16:49

    MultiChoice Group CEO Calvo Mawela says broadcast employees, including production crews, creatives and performers, will be vulnerable to the economic impact of the coronavirus lockdown as work in production winds down.

    Financial Services

    Regulator: Amend retirement fund rules urgently to curb coronavirus impact on pensions

    Mar 27 2020 14:13

    The Financial Sector Conduct Authority has called for retirement funds to urgently submit rule amendments that can alleviate the financial difficulties faced by distressed employers and members during the coronavirus crisis.

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    ICT

    Govt's registration site for essential businesses up and running, clearing backlog

    Mar 27 2020 11:58

    The website businesses must use to register as essential services is back online, after experiencing intermittent downtime on Thursday, a spokesperson told Fin24 on Friday morning.

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