South Africa’s central bank slashes rates to post-apartheid low

South Africa’s central bank slashes rates to post-apartheid low

South Africa’s central bank has slashed its benchmark rate to its lowest in the post-apartheid era as Africa’s most industrialised economy braced itself for a lengthened coronavirus lockdown. The South African Reserve Bank said in a surprise announcement on Tuesday that it had cut its main repo rate by a percentage point, to 4.25 per cent, […]

Sol Kerzner, South African Casino Tycoon, Is Dead at 84

Sol Kerzner, South African Casino Tycoon, Is Dead at 84

In 1994, he acquired the bankrupt Paradise Island Resort in the Bahamas and converted it into a 2,300-room resort called Atlantis — a brand that he also used in Dubai in 2008, when he opened the $1.5 billion, 1,500-room Atlantis, the Palm, in Dubai. His company said a...