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Most Read Today

South Africa's rand firmer on release of new power plan

18/10 South Africa's rand inched firmer early on Friday, clinging on to the strong gains it made in the previous session, after the country's cabinet approved a long-delayed plan for electricity generation.  Full story

Coal to play significant role in South Africa power mix - minister

18/10 South Africa's plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a significant role as well as more renewable energy, mines and energy minister Gwede Mantashe said on Friday.  Full story

Boeing pilots' messages on 737 MAX safety raise new questions

18/10 A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis.  Full story

Most Read This Week

South African Airways in talks with potential partners

14/10 South Africa's embattled state-owned airline is open to outside investment and in talks with a number of potential partners, President Cyril Ramaphosa said on Monday.  Full story

South Africa's rand rides optimism over new power plan

18/10 South Africa's rand firmed on Friday, building on gains made after the government released a long-delayed plan for electricity generation to address crippling power cuts.  Full story

South Africa's rand firms as cabinet approves power plan

17/10 South Africa's rand firmed on Thursday after the country's cabinet approved the promulgation of its long-delayed plan for electricity generation amid nationwide power cuts by state utility Eskom.  Full story

 

SA Business

African debt stabilising but region faces headwinds - IMF

19/10 Sub-Saharan Africa's public debt load is stabilising but the region's economies face mounting headwinds due to slowing global growth that will weigh on exports, the International Monetary Fund (IMF) said on. . .  Full story

Coal to play significant role in South Africa power mix - minister

18/10 South Africa's plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a significant role as well as more renewable energy,. . .  Full story

South Africa's rand firmer on release of new power plan

18/10 South Africa's rand inched firmer early on Friday, clinging on to the strong gains it made in the previous session, after the country's cabinet approved a long-delayed plan for electricity generation.. . .  Full story
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SA Company

Losses more than double at South African construction group Aveng

29/08 South African construction group Aveng on Thursday said its net operating loss more than doubled in the latest financial year, highlighting the challenges the company faces as it embarks on a turnaround strategy.. . .  Full story

South African drugstore Dis-Chem benefits from medicine price hike

28/08 South African drugstore chain Dis-Chem Pharmacies Ltd said on Wednesday that its revenues rose 13.5% in the five months through July, thanks to an increase in medicine prices and a jump in wholesale revenues.. . .  Full story

Bidcorp says UK logistics unit sale nearing completion

28/08 South African food services firm Bid Corporation Ltd (Bidcorp) said on Wednesday the sale of its UK logistics business was back on track and nearing completion, which would allow the group to focus on. . .  Full story
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Live News Wire

Sterling opens lower in Asia after Brexit deal vote delay

20h32 Sterling opened lower in Asian trading on Monday after a UK parliament vote on Prime Minister Boris Johnson's Brexit withdrawal deal over the weekend was delayed.  Full story

Star French banker Pigasse resigns from Lazard

20h11 Dealmaker Matthieu Pigasse had resigned after 17 years at investment bank Lazard to pursue a new entrepreneurial project, the bank said on Sunday.  Full story

Bank of Japan's Kuroda calls for mix of steps to boost economic growth

18h24 Bank of Japan Governor Haruhiko Kuroda said on Sunday a mix of monetary easing, flexible fiscal spending and structural reforms to raise the country's long-term growth potential could be effective in stimulating the economy.  Full story
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Europe

Barrick Gold reaches deal with Tanzania over Acacia Mining

17h26 Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by. . .  Full story

Telecoms group Orange to sell subsidiary in Niger

17h22 French telecoms group Orange is selling its business in Niger, a company spokesman said on Sunday.. . .  Full story

EU plays for time as Johnson spars with UK parliament on Brexit

16h40 The European Union will play for time rather than rush to decide on British Prime Minister Boris Johnson's reluctant request to delay Brexit again, diplomats with the bloc said after a 15-minute meeting on Sunday.. . .  Full story
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US

Osram labour reps reaffirm opposition to AMS takeover offer

14h31 Austria's AMS faces opposition to its 4.5 billion euro ($5 billion) takeover bid for German lighting group Osram from powerful shop stewards at the target company.. . .  Full story

Negative rates forever? Central bankers look for an exit

01h11 The world's most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is. . .  Full story

Fallout from Trump's trade wars felt by economies around the world

00h54 The collateral damage of the United States' trade wars is being felt from the fjords of Iceland to the auto factories of Japan.. . .  Full story
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Asia

Egypt's Qalaa Holdings to increase production capacity to 5.5 mln tons per year

10h55 Egypt's Qalaa Holdings, one of the country's largest investment companies, will operate 100% of its refinery units in January and increase its refinery production capacity to 5.5 million tons per year,. . .  Full story

Russia says it missed oil-deal target due to rise in gas condensate output

10h36 Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Sunday.. . .  Full story

S.Korea downgrades this year's growth target to 2.0-2.1 percent

07h58 South Korea's finance minister said economic growth this year is expected to be around 2.0-2.1%, in line with projections by key international organisations but missing the ministry's target set in early July.. . .  Full story
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Forex

THE SUNDAY TIMES

19h30 . . .  Full story

Brexit stumble to dent euphoric pound but bulk of gains to hold

17h49 Britain's latest Brexit stumble is likely to prompt a pullback in sterling's recent rally when trading resumes later on Sunday, though strategists say rising confidence that a disorderly European Union exit will be avoided should. . .  Full story

Brexit will happen on Oct. 31 despite PM's unsigned delay request, UK says

15h06 The British government insisted on Sunday the country will leave the European Union on Oct. 31 despite a letter that Prime Minister Boris Johnson was forced by parliament to send to the bloc requesting. . .  Full story
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Africa

Morocco forecasts stable 2020 fiscal deficit of 3.5%

19/10 Morocco's fiscal deficit is expected to be unchanged at 3.5% of gross domestic product in 2020, the government’s draft budget showed.. . .  Full story

Kenya's president refuses to sign the budget over rate cap

17/10 Kenyan President Uhuru Kenyatta has demanded that lawmakers remove a cap on commercial lending rates, refusing to approve the 2019/20 (July-June) budget unless the limit is lifted, a document sent to. . .  Full story

Zimbabwe bread price jumps 60%, but shortages persist

16/10 The price of bread, Zimbabwe's second most-consumed staple, jumped 60% overnight due to escalating costs of production, the national bakers' association said on Wednesday, adding more woes to consumers grappling with. . .  Full story
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