In the news today: African markets drive marine insurance sector, South African Reserve Bank unlikely to increase interest rate this week, and Cyril Ramaphosa presents plans to kickstart economy


African markets key drivers of marine insurance sector

Emerging markets including African countries are key drivers of the global marine insurance industry, delegates heard during this 2018 International Union of Marine Insurance conference.  READ MORE

President Cyril Ramaphosa’s plan to kick-start economy unfolds

Ramaphosa’s fiscal stimulus package to get the South African economy back on track comprises a large government infrastructure fund with the aim to draw in investment and expertise from the private sector.  READ MORE

Morocco’s FDI down by 18.6% between January-August 2018

Morocco’s FDI inflows declined by 18.6% between January and August 2018 to $1.46 billion. This is down from $1.8 billion the same period, a year earlier.  READ MORE

“South African Reserve Bank unlikely to increase interest rate this week”

Given South Africa’s economic performance, analysts expect Reserve Bank governor Lesetja Kganyago to keep the repo rate on hold this coming Thursday.  READ MORE

How ANC officials and ministers tried to bully Standard Bank CEO

Standard Bank’s former head of compliance, Ian Sinton, has testified that South African officials including former mineral resources minister Mosebenzi Zwane intimidated the bank to keep Gupta-linked bank accounts open.  READ MORE