2 825 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Indonesia’s stock market is no longer worthy of “emerging market” status, MSCI said on Friday, laying out a plan to remove it from a suite of indexes tracked by funds, a shock move that sparked the steepest one-day drop in Jakarta shares since 1998.
Tencent is set to raise $5.7 billion (R94 billion) from the sale of bonds in yuan and dollars to support its growing investments in artificial intelligence.
Bank of America missed third-quarter profit estimates on Wednesday due to weakness in its capital markets business and disclosed a $1.2 billion charge tied to a regulatory penalty over failures to detect potential money-laundering activity.
Botswana got selected as the host venue for the southern African portion of the initial public offering of the continent’s largest oil refinery, giving the relatively small market a key role in the region’s biggest listing to date.