A Group of Seven push to spur small business lending in Africa has announced its first deal, with the UK’s British ...

Justice Minister Thembi Simelane appears fixated on explaining that she eventually paid back the suspicious VBS-linked coffee ...

According to the IIR, the number of overall credit originations (a measure of new accounts opened) increased by 15.2%, as ...

Despite the Monetary Policy Rate (MPR) remaining flat at 26.75 per cent between July and August 2024 (currently 27.25 per cent), the Nigeria’s banking sector average prime lending rate increased ...

Lurking in the fine print of every loan and credit card agreement is the interest rate. How do lenders come up with that rate? It’s not magic: It comes from the prime rate. This bellwether ...

It is a five year Rand denominated loan that will be paid back quarterly at a floating and undisclosed interest rate.[12] THE BASIS GOING FORWARD With South Africa at risk of reaching or having ...

CHINESE banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus while financial institutions struggle with record-low profit margins. The ...

The one-year loan prime rate (LPR) was kept at 3.35%, while the five-year LPR was unchanged at 3.85%. In a Reuters survey of 39 market participants conducted this week, 27, or 69%, of all ...

The South African Reserve Bank’s Monetary Policy Committee (MPC) has announced a 25 basis point reduction in the repo rate, bringing it down to 8%. This is the first rate cut since 2020, moving the ...

China on Friday kept its main benchmark lending rates unchanged at the monthly fixing. The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as ...