Investec launches business banking account

Investec said yesterday it was launching its first day-to-day business banking account, in an attempt to attract customers from among South Africa’s more than 100 000 mid-sized firms. Investec, whose services include cash management, foreign exchange and lending, said...

Rand rally impressive as it tops a 2-year high

The rand yesterday continued its impressive rally, rising to an over 2-year high to touch R13.68 in intraday trade against the dollar before moderating 0.02 percent to R13.77 by 5pm. This was the rand’s highest level since February 2019, aided by the dollar...

More increases in producer prices expected

Producer prices in South Africa are expected to continue rising in the short term after increasing the most in two-and-a-half years last month. Data from Statistics South Africa (StatsSA) yesterday showed that the producer price index (PPI) for final manufactured...