RBS: Bó’s failure highlights traditional banks’ digital deficit: The digital bank struggled to make an impact in a fiercely competitive field. Bó, RBS’s digital bank for retail customers, announced in early May it was to close after just six months in business, ... Source: "Coronavirus Lockdown" - BingNews. Coronavirus and furloughed workers: Extension until October bodes ill for getting the nation back to work: Rishi Sunak announced the Government will continue to pay the wages of millions … [Read more...] about RBS: Bó’s failure highlights traditional banks’ digital deficit – Lockdown News
deficit
Trade deficit widens to R21.2bn
South Africa recorded a trade deficit of R21.2 billion in October, the South African Revenue Service (SARS) said on Friday. "The R21.2 billion deficit for October 2012 was due to an increase in exports of 7.8% and an increase in imports of 16.7%. Exports increased by R4.4 billion (7.8%) and imports increased by R11.8 billion (16.7%)," said the revenue service. Market consensus was that the trade deficit in October would be R15.4 billion from the R13.8 billion that was recorded in … [Read more...] about Trade deficit widens to R21.2bn
Current account deficit headed in the wrong direction
South Africa's current account deficit widened further to 4.9% of Gross Domestic Product (GDP) in the first quarter of 2012, said the Reserve Bank on Thursday. "The deficit on the current account of the balance of payments widened from 3.6% of gross domestic product in the fourth quarter of 2011 to 4.9% in the first quarter of 2012," said the central bank in its June Quarterly Bulletin. The bank noted the stronger rand and a contraction in export proceeds over the period in the first … [Read more...] about Current account deficit headed in the wrong direction
Narrowing in fourth quarter deficit
South Africa's current account deficit narrowed to 3.6% of GDP in the fourth quarter of 2011, said the Reserve Bank. "Relative to the country's gross domestic product, the deficit on the current account decreased from 4.1% in the third quarter of 2011 to 3.6% in the fourth quarter," said the bank when it released its March Quarterly Bulletin on Monday. According to the bulletin, this was helped by lower dividend payments to non-residents. The current account deficit for the whole of … [Read more...] about Narrowing in fourth quarter deficit
Current Account Deficit Widens
South Africa's current account deficit widened to 3.3% of gross domestic product, the Reserve Bank said on Tuesday. According to the bank's September Quarterly Bulletin, the deficit in the second quarter widened to 3.3% from 3.1% in the first quarter. Analysts had forecasted 3.2%. "The current account deficit increased to a seasonally adjusted and annualised R95.4billion from R87.8billion, equivalent to 3.3 % of GDP from 3.1% and against our forecast of 3.2% on the back of the smaller … [Read more...] about Current Account Deficit Widens
