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SARB Seeks to Open Payments System to Non-Banks: News24

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The South African Reserve Bank aims to complete proposals to give non-banks access to the national payments system in the first half of next year, ending commercial lenders’ monopoly hold, News24 reported on Sunday.



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Funding & Business

France Issues Warnings for Thunderstorms and Floods in South

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France issued amber warnings for thunderstorms and floods in several southern regions, forcing the Mediterranean department of Bouches-du-Rhône to delay the start of the new school year by a day.

Several departments in the central and southern parts of the country were put on alert for bad weather on Sunday and Monday, according to forecaster Meteo France. Violent thunderstorms, accompanied by torrential rain, are expected to persist until Monday, with rainfall reaching as much as 150 millimeters per hour.



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Australian Home Prices Climb for Seventh Month After Rate Cuts

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Australian home prices advanced for a seventh straight month, fueled by lower borrowing costs and a supply shortfall in major cities.

The Home Value Index rose 0.7% in August, property consultancy Cotality said in a statement on Monday. Brisbane’s 1.2% increase was the top monthly gain while bellwether Sydney climbed 0.8%.



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Stock Market’s Fate Comes Down to the Next 14 Trading Sessions

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The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed.

Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions, setting the tone for investors as they return from summer vacations. The events arrive with stock market seemingly at a crossroads after the S&P 500 Index just posted its weakest monthly gain since March and heads into September, historically its worst month of the year.



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