Vietnam has entered the investment-grade category for the first time after R&I upgraded its foreign-currency issuer credit rating to BBB-, citing strong growth, ongoing reforms and economic resilience.
The Automobile Association has urged National Treasury to cut the general fuel levy by R3 a litre, warning that petrol could rise by up to R4.58 a litre in November if current trends continue.
Ecobank Transnational Inc. is stepping up efforts to facilitate direct yuan payments for clients trading with China as the pan-African lender seeks to boost ties with the continent’s biggest trading partner and reduce reliance on the dollar.