In the news today: The World Bank revises its global growth forecast, SAA attempts to recover more than R1bn in debt from various countries, and the insurance sector outperforms other sectors across Asia


World Bank cuts global growth forecast

The World Bank has warned of ‘darkening skies’ in the global economy in the face of acute downside risks, including slower trade and worsening financing conditions.  READ MORE

SAA attempts to recover more than R1bn in debt

South Africa’s embattled national carrier is owed more than R1bn in tickets by countries such as Zimbabwe, Angola, Nigeria and Senegal.  READ MORE

Insurance sector strongest in Asia

The insurance sector recorded the largest growth among 19 business sectors across Asia last month, according to the Asia Sector Purchasing Managers’ Index (PMI) study conducted by Nikkei and HIS Markit.  READ MORE

Hedge funds lost 6% in 2018

Hedge funds suffered their worst year since 2011 due to financial market turmoil, but still managed to beat the S&P 500 index for the first time in a decade.  READ MORE

Oracle’s Larry Ellison has $1bn stake in Tesla

The billionaire who founded Oracle holds three million shares in the company, according to regulatory findings.  READ MORE