Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
After a rocky end to 2024, the South African rand began the new year on a high note Thursday. The rand was up 0.6% from its last finish trading at 18.7625 against the dollar at 0803 GMT. Trade in the rand, like that of most emerging market currencies, was unstable in November and December following […]
FNB has maintained the 7% leading rate, this is coming after the interest rate of South African Reserve Bank. The decision was made by SARB in the late hours of Thursday. FNB will audit its situation after the following SARB Monetary Policy Committee meeting in March 2021. Remarking on the MPC declaration, Chief Economist at […]