Africa's biggest commercial-explosives maker AECI has inked a R1.1 billion deal to sell its Much Asphalt business, SA's largest, as it looks to focus on its core mining and chemical businesses.
Goldman Sachs believes South Africa is unlikely to suffer the large revenue shortfall projected by its finance minister and that the nation's path for fiscal consolidation remains credible.
The dollar slid on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields.