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Nomura Holdings has unveiled plans to cut $1bn of costs at its struggling investment bank, firing dozens and pulling back from businesses as it embarks on yet another sweeping overhaul of its international operations.
In its third-quarter earnings report, Japan’s biggest brokerage said it booked an unrealised loss of about ¥14bn. The loss was tied to Steinhoff, say people with knowledge of the matter.
The no confidence motion in President Jacob Zuma will fail regardless of whether it is a secret vote or not, according to an emerging markets economist.
The ANC's policy conference offered nothing to hint at an escape from the low growth trap haemorrhaging the economy, says an emerging markets economist.
Until SA exits the World Government Bond Index or there is another external shock, the rand is expected to trade at around R14/$ towards the end of 2017, says an economist.
There will be no meaningful structural reforms or political resolutions to avert further downgrades, Nomura emerging market economist Peter Montalto has said.
The affidavit filed by the Competition Commission regarding currency price fixing by banks names the alleged rogue traders implicated.
Eskom “will remain the one risk to watch with its increasingly monopolistic mind-set”, Nomura research into South Africa’s risks for 2017 has revealed.
Markets have reacted negatively to the news that Eskom will launch a Request For Proposals for nuclear this week.
The mini budget has stretched pragmatism and space allowed by ratings agencies to the max - and maybe even beyond, says an emerging markets economist.
'Nene having to go despite not being found guilty of wrongdoing' is a sign that tolerance of corruption “'s much lower than it was in the past,' says a Nomura strategist.
In his mini budget Gigaba will remove much uncertainty surrounding his fiscal world view, says an emerging markets economist.
SARB needs a Goldilocks scenario in the medium term for its 25 basis points repo rate cut to be "OK", according to economist Peter Attard Montalto of Nomura.
The SA Reserve Bank is at risk of becoming a scapegoat for low growth into 2019, says emerging markets economist Peter Attard Montalto of Nomura.
South Africa's gross domestic product is likely to grow just 0.2% this year, according to emerging markets economist Peter Attard Montalto.
It is doubtful whether the nuclear high court decision would derail a ratings cut from Moody’s, according to emerging markets economist Peter Attard Montalto.
There are four key political areas to watch in the upcoming National Budget speech of 2017, says an emerging markets economist.
SA asset prices should perform "ok", but mainly because there are more negative peers to compare to, says emerging markets economist Peter Attard Montalto.
The surprise Trump victory has created a great deal of uncertainty and could play up SA domestic woes, say economists.
There are likely to be no interest rate cuts by the SA Reserve Bank until the end of 2018, explains an emerging markets economist.
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