Securities law
The Johannesburg Stock Exchange has announced that Amber House Fund 5 (RF)Limited will reset its interest rates for various note series from May 21, 2025, to August 21, 2025. This reset will affect multiple note series, including Class A11, A21, A31, B11, C11, and D11 notes, with varying interest
Banks (Finance)
The UK inflation rate soared to a 15-month high in April, reaching 3.5 percent, driven by sharp increases in energy and tax bills. This unexpected surge has raised concerns among policymakers that the Bank of England may not be able to reduce borrowing costs as significantly as anticipated, amid
Securities law
The Johannesburg Stock Exchange announced that the interest rate for The Thekwini Fund 17 (RF) Limited Notes will be reset on May 21, 2025. The new interest rates will be applicable for the interest period from May 21, 2025, to August 21, 2025. The reset interest rates vary across different
Banks (Finance)
HSBC customers are being told to "review" their savings as the bank makes a huge change to eight bank accounts within weeks. The high street bank is slashing interest rates across eight of its popular saving accounts from June, as the base rate is cut by 0.25
Banks (Finance)
Natwest has announced it will reduce interest rates on millions of savings accounts from May 30, in response to the Bank of England's decision to lower its base rate by 0.25 percentage points to 4.25%. The cut affects several popular savings accounts, including the Digital Regular
Banks (Finance)
The Reserve Bank of Australia has announced a 0.25% cut in the official interest rate, from 4.1% to 3.85%, citing increasing uncertainty in the global economy and lower than expected inflation. This decision marks the second interest rate cut this year, aiming to support economic growth and
Securities law
The Johannesburg Stock Exchange has recently announced details of a new South African Securitisation Programme, which has authorized a total programme size of R 5,000,000,000.00. The programme will issue six categories of floating rate callable notes with different coupon rates and maturities, totaling R 1,760,
Securities law
South African Securitisation Programme (RF) Limited has announced an interest rate reset for its series of floating rate callable notes. This adjustment impacts several bonds under the programme, each with varying nominal issued values and coupon rates. The reset is part of the programme's effort to provide secure
Interest rates
South Africa is grappling with a monumental job crisis, with the official unemployment rate soaring to 32.9% in the first quarter of 2025. This translates to a staggering 8.2 million people without work, with the figure ballooning to 12.7 million when those who've given up
Banks (Finance)
The Reserve Bank's reluctance to cut interest rates is rooted in its concern about excessive wage growth, reminiscent of the 1970s. However, labour economists argue that workers' bargaining power has been eroded in recent decades, making a wage explosion unlikely. The bank's reliance on a
Banks (Finance)
UK savers can benefit from regular saver accounts that offer high interest rates and the opportunity to build savings over time. Despite the decline in UK savings rates, several leading building societies offer competitive rates, making it essential for savers to assess their options carefully. In this comparison, we examine
Banks (Finance)
The UK unemployment rate rose to 4.5% in March, the highest since the summer of 2021, according to the Office for National Statistics. The increase in unemployment comes amidst a gradual decline in job vacancies, with numbers falling to 783,000 in the three months to March, the lowest
