Eskom and the power crisis remain in the spotlight: Embattled utility state enterprise, Eskom has been allocated a whopping R250 million, spread over three years by minister, Enoch Godongwana. During his budget announcement held in Cape Town, the finance minister pointed out that the allocation to Eskom will enable government to take over a much larger portion of its debt. There’s a catch though to the massive bail out, as some of the power stations will have to be concessional to private players and restructuring. Additional takeaways: 207 days of load shedding were experienced in 2022 compared to 75 in 2021. The Eskom debut arrangement will increase the government’s gross loan debt from R4.73 trillion in 2022/23 to R5.84 trillion in 2025/26.
Credibility restored but has it been at the expense of investor and consumer confidence in the UK economy? From a determination to go for growth at all costs in order to stave off the prospect of recession, UK economic policy has been so transformed within a few weeks that the current PM and chancellor's risk averse approach to the public finances means they seem prepared to live with the consequences even if recession results.
With Liz Truss now confirmed as the new Prime Minister, Capital International Bank's Chairman and former Minister of State at the Foreign Office, the Right Honourable Mark Field, has provided an update on how he thinks the Tory party will handle the challenges the UK economy is facing.
We've seen a major shift at Capital. Agile working practises have become common-place in the organisation. But what does agile working mean? Find out more in Chief Technology Officer, Jerry Bowskill's latest article...
Over the last 4 years, we’ve been building a team capable of bringing our digital corporate banking proposition, Capital International Bank, to life. Now on the cusp of opening the bank’s virtual doors to new clients, we’ve been putting the final pieces of the puzzle in place by adding to our front office team.
In recent years, ?trust? has gained buzz word status in marketing and sales spheres. It was also a concept that featured heavily at the recent Client Engagement Summit in London. Having attended the summit and gained insight from a range of experts, Marketing Coordinator, Minna Perup now shares her thoughts on "trust".†
Not long ago 'Sweaty Betty', 'Super Bum' and 'The Grimsby Trawler', were nicknames given to the first females breaking into the world of finance. From then to now we have seen an incredible movement in the financial industry where females are being empowered for their ability and hard work.
As our business in Cape Town, South Africa, continues to thrive, our Head of Marketing and Customer Experience, Kim McCracken, travels back to Cape Town from the Isle of Man to attend a cocktail event we hosted to celebrate the expanding brand, as well as to take part in the Cape Town Cycle Tour!