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Traders tempered expectations for the largest South African increase in borrowing costs in almost two decades after the head of the nation’s central bank said it may consider raising interest rates by only half a percentage point in July.

Namib Desert Diamonds (NAMDIA) founding Chief Executive Officer (CEO) Kennedy Hamutenya is set to exit the diamond sales and marketing company after the expiry of his 5-year term.

The Bank of Namibia is set to explore Ghana’s financial inclusion strategy, with the aim of implementing some of the measures in rural areas across the country.

The mooted multi-million-dollar Biomass Industrial Park project is expected to boost Otjiwarongo's economy through the creation of 300 jobs, while unlocking business markets for locals.

The Government has launched an internal investigation on the Drought Relief drilling project in all 14 regions for 2019/2020, amid allegations that contractors inflated prices.

The Sarb said in its Quarterly Bulletin that the increase was due to foreign entities increasing equity investments and granting loans to domestic subsidiaries.

There seems to be no reprieve for South African wallets as another hefty fuel increase is predicted for next week, as well as economists anticipating further interest hikes.

Old Mutual’s Tunga Real Estate Fund has provided funding towards the development of over 810 low-cost houses around the country in the past six months.

The Capricorn Group has appointed Johan Maass as the new Group Chief Financial Officer.

The decision by JSE-listed Tongaat Hulett to terminate an underwriting agreement of up to R2 billion with Magister Investments, for its planned R5 billion rights issue to reduce the company’s massive debt, has been welcomed.

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