Reserve Bank cranks up repo rate by 75 basis points
At 6.25%, the repo rate is back to pre-Covid levels.
Source: moneyweb.co.za
Share Magic News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Share Magic. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Share Magic Today - Breaking & Trending Today
Is this the beginning of the deleveraging of the JSE?
Interest paid by the Top 40 companies dropped 30% in 2021. As interest rates start to rise, companies are starting to overhaul their balance sheets.
Source: moneyweb.co.za
Crude prices soar, coal futures tank while Western leaders debate energy future
Amid COP26 in Glasgow, South Africans brace for a record rise in fuel prices.
Source: moneyweb.co.za
Platinum stocks soar on kick from recovery in auto sales
MONEYWEB LIVESTREAM PGM prices are up on supply tightness and tighter environmental regulations. 12:46 Open: Open: Open: Image: Waldo Swiegers/Bloomberg A recovery in global auto sales and tightening emissions standards have driven rhodium prices to dizzying levels over the last month, propelling platinum to levels not seen in a decade. Last month autocatalyst manufacturer Johnson Matthey said the rhodium demand of roughly 1 million ounces a year was under-supplied by 84 000 ounces in 2020, and that shortfall will likely continue in 2021 as global vehicle sales are expected to record a...
Source: moneyweb.co.za