Manufacturers and service firms output declined for the third month in a row in October and business confidence collapsed to levels rarely seen before.
The UK Government has announced it will scrap the planned abolition of the 45p tax rate. Among the companies reporting today are Tortilla Mexican Grill and Hipgnosis Songs Fund.
The South African Reserve Bank delivered its second consecutive 75 basis point rate hike on Thursday, taking its key repo rate to 6.25% and the prime lending rate to 9.75%. Governor Lesetja Kganyago said the ‘rising cost of living’ was detrimental to the economy, and not dealing with this n.