Standard Bank warns of impact if South Africa downgraded
Standard Bank reported a 27 percent rise in full-year profit on Thursday, but said that a possible downgrade of South Africa's sovereign credit rating to 'junk' would affect its performance. The lender is sticking to a medium-term return on equity (ROE) target of 15-18 percent, said Standard Bank Chief Executive Sim Tshabalala in a statement.
"Has House Price Inflation in SA Gone Soft?" -The FNB House Price Index showed a slight acceleration in its year-on-year growth rate, from a previous month’s revised 6.3%, to 6.4% in August, which is not a significant rise. In recent months, the house price inflation rates recorded have not been too far away from consumer price inflation rates recorded in the economy.
The New Age - Newspaper ( South Africa )
The New Age newspaper was a South African national daily newspaper, owned and operated by TNA Media (Pty) Ltd. TNA Media was established in June 2010 and the first publication of The New Age was on 6 December 2010. It was re-branded as Afro Voice in April 2018. Its last edition was published on 29 June 2018. Learn more about forex