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National Treasury’s Special Pensions Unit Reduces Backlog for Pension Applications of Liberation Veterans By 99%
Deputy Minister of Finance, Nhlanhla Nene, has praised the National Treasury’s special pensions unit for reducing the backlog for pension applications of liberation veterans from 3,810 outstanding applications to 48 by last month.
Urban Chinese Households, on Average, Save Much More Than Their American Counterparts
With the global economy in a state of unrest, saving money seems to be an obvious strategy for households to protect themselves. But are global households saving enough? Researchers at the University of Missouri have compared savings habits of households...
Central Bank of Nigeria Indicates Desire to Use Pension Funds on Infrastructure
The Central Bank of Nigeria (CBN) is not happy with the idleness of the more than $135 billion pension funds and instead mulls over staking the government to spend the money on massive infrastructure development.
HSBC Reaches Agreement to Sell 195 Retail Branches Primarily in Upstate New York
HSBC, through its wholly owned subsidiary HSBC Bank USA, N.A. and other wholly owned affiliates, has reached agreement to sell 195 retail branches, primarily in Upstate New York1, to First Niagara Bank, N.A. (“First Niagara”) for a consideration equal...
Australian Trade Commission Launches New Website
Austrade, the Australian Trade Commission, has launched an online portal which will help international investors navigate Australia’s financial sector while enhancing the country’s appeal as a regional investment hub.
Zimbabwe’s Commercial Bank Deposits Rose By Nearly 50% in the Year to April 2011
Zimbabwe’s commercial bank deposits rose by nearly 50 percent in the year to April 2011 as the southern African economy slowly emerges from a decade-long crisis, a new report by the African Development Bank (AfDB) revealed Friday. How People Arrived...
India And World Bank Sign Funding Agreement for Rajasthan Rural Livelihoods Project
India and the World Bank have signed IDA credit of $162.7 million for Rajasthan Rural Livelihoods Project, which will finance livelihood opportunities for some 400,000 village households in 17 districts of Rajasthan. The agreement for the Rajasthan Rural...
Public Service Pensions May be Linked to Career Average Earnings
Lord Hutton of Furness has set out his proposals for comprehensive, long-term structural reform of public service pension schemes. The final report of the Independent Public Services Pension Commission follows a comprehensive nine-month review. It sets...
