Why Silicon Valley Bank has caused panic around the world
Silicon Valley Bank triggered a panic in the banking sector on Friday, with shares in leading lenders around the world plunging, after it dumped assets to raise cash to cover withdrawals. What is SVB? Silicon Valley Bank (SVB) is based in Santa Clara, California and caters to the tech industry and the venture capital funds […]
Investors flooding out of South Africa
International investors have had enough of South Africa and are taking large sums of their money out of the embattled country. The City Press reports that over R100 billion in South African shares and bonds have been sold by international investors since the start of 2023. JC Louw, the CEO of DFM Global, told the publication that […]