Big banks target South Africa’s informal saving clubs’ cash
JOHANNESBURG, Oct 7 (Reuters) – Thandi Mkhabela’s money used to slip through her fingers. Now the 34-year-old mother of four earns interest on monthly savings has paid off debts and is planning to extend her house in a township just outside Johannesburg, without ever dealing with a bank. Mkhabela’s improved financial footing came after she […]
The S&P 500 nabs another all-time closing high ahead of Jackson Hole
Wall Street gained ground on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact.
