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Petrol price decreases further

  • Published in News

Motorists may breathe a sigh of relief as the expected petrol price for November is predicted t0 drop by 16 cents instead of the previously predicted three-cent drop, but diesel and paraffin prices may increase.

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Mass retrenchments at the SABC

  • Published in News

The SABC is set to retrench almost a third of its workforce. The public broadcaster set out restructuring plans on Monday evening in which it said as many as 981 of its approximately 3 400 permanent employees may be let go.

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Fitch Ratings affirms Eskom’s 'BB' credit rating and removes the ratings watch negative

  • Published in News

Fitch Ratings has announced its decision to affirm Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of 'BB-'. Fitch has simultaneously maintained the National Long-Term Rating at 'A(zaf)' and the National Short-Term Rating at ‘F1(zaf)'.  The rating agency has also affirmed the government-guaranteed local currency senior unsecured debt ratings at 'BB+', in line with the rating of South Africa (BB+/Stable Outlook). The credit rating agency has also resolved to remove the Rating Watch Negative (RWN) instituted by Fitch in January 2018. Outlook on Eskom remains negative.

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FNB honoured as best business Bank in SA – 6 times in a row

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FNB Business has once again been voted “SA’s Best Business Bank” in the 20th Annual Sunday Times Top Brands survey. This makes it the sixth year in a row that FNB Business wins this award. The Sunday Times Top Brands survey is the leading indicator of consumer and brand sentiment in the country.

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