FIC gets new chief
Thabiso Thiti succeeds Pieter Smit, who has served as acting director since September 2023.
Thabiso Thiti succeeds Pieter Smit, who has served as acting director since September 2023.
R2.7bn injection supports job creation and economic growth.
‘I think there's going to be a massive recalibration in the minds of not just the Americans, but of the regional powers as well, of how to respond to Iran,’ says Zeenat Adam, deputy executive director at the Afro-Middle East Centre.
The project will double the mall’s size and expand it to over 40 stores, strengthening its role as a regional retail hub.
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The rand led gains as it surged as much as 2.6%, the most on an intraday basis since November 2023.
Bozell and envoys from 19 other nations, including Cuba, Lebanon, Zimbabwe and Ukraine, were formally accredited at a ceremony in Pretoria, the capital, on Wednesday, enabling them to fully assume their duties.
Most international stock markets rebounded strongly, while the oil price plunged to around $95 a barrel.
Brent for June settlement dropped 13% to $94.72 a barrel at 9:13 a.m. in London.
Momentum head of asset allocation Herman van Papendorp expects ‘earnings growth momentum might be slightly slower than pre-Iran, but it's still going to be there, still going to be significant’.