A lack of Foreign Direct Investment (FDI) into South Africa
and low productivity in SA are some of the reasons given as to why small
business do not flourish as they should. In terms of the rand the recovering
gold price offers some encouragement to the ZAR. The USD-ZAR is expected to
trade at 9.15-9.2500 today.
Debate broke out on Tuesday about whether reports of South African companies holding more than R550bn in cash rather than investing it in the economy are true. Data from the Reserve Bank show that deposits by the nonfinancial corporate sector were R561bn at the end of February.
Debate broke out on Tuesday about whether reports of South African companies holding more than R550bn in cash rather than investing it in the economy are true. Data from the Reserve Bank show that deposits by the nonfinancial corporate sector were R561bn at the end of February.
On Wednesday the Bank of England announced that its Funding
for Lending Scheme will be extended for a year with the focus on helping small
and medium-sized businesses. The tweaked scheme wants banks to lend more to
SMEs by offering them lower funding than they can achieve in financial markets.
To read the full report, visit the Currency Solutions
website. Transferring funds out of South Africa/Money transfers into South
Africa – Let one of our professional consultants at Currency Solutions assist
you. To know more about how we can help you Contact Us.
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