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(9.8.04) Absa, in conjunction with Negotiated Benefits Consultants (NBC), has introduced a R1bn provident-backed securitisation to provide home loans for more than 25 000 South Africans in the first issue of R500m.
(29.7.04) There is consternation about the value of the local currency and its volatility, says Denzil Burger, from Old Mutual Asset Management, and its effect on investors and their investments.
(28.7.04) The rand was weaker against major currencies in late afternoon trade yesterday on the back of offshore demand for dollars. Currency traders saw the local unit weakening further later in the day.
(28.7.04) Local equity markets closed 0.9% higher on the back of the weaker currency and world markets rebounding off low levels.
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