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Most Read Today

South Africa's Ramaphosa outlines stimulus plan for ailing economy

21/09 South Africa's president announced a multi-billion-dollar stimulus programme on Friday, earmarking funds for job creation and infrastructure development as he seeks to make good on a pledge to revive the country's ailing economy.  Full story

Comcast outbids Fox with $40 billion offer for Sky in auction

22/09 Comcast beat Rupert Murdoch's Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group.  Full story

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

21/09 International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons.  Full story

Most Read This Week

South Africa's Naspers plans to spin off, list pay-TV unit

17/09 South African media and e-commerce giant Naspers plans to spin-off and separately list its pay-TV unit, it said on Monday.  Full story

Naspers frees cash-rich Multichoice to take on Netflix & co

19/09 South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.  Full story

South Africa's cabinet approves new mining charter

20/09 South Africa's cabinet approved a long-delayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister said on Thursday.  Full story

 

SA Business

South Africa rand weakens against rebounding greenback, stocks rise

21/09 South Africa's rand reversed earlier gains to fall 1 percent as the dollar firmed, with the local currency trimming gains partly caused by a raft of measures meant to revive the. . .  Full story

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

21/09 International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons.. . .  Full story

South Africa rhino poaching drops sharply but hundreds still being killed

21/09 Over 500 rhinos were poached for their horns in South Africa in the first eight months of 2018, a 26 percent fall from 691 in the same period last year, the. . .  Full story
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SA Company

Aspen Pharma suffers week of woe as valuation tumbles by $3 bln

21/09 Aspen Pharmacare has lost about 45 billion rand ($3 billion) of its market value in just over a week in a sell-off sparked by concern over the South African company's debt and the sale. . .  Full story

S.Africa's Life Healthcare not ruling out return to India after Max disposal

21/09 South African private hospital group Life Healthcare has said it is not ruling out a return to India after selling the firm's entire stake in Max Healthcare, in an effort to focus on its. . .  Full story

South Africa's NUM union signs wage deal with AngloGold

21/09 South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week.. . .  Full story
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Live News Wire

Kuwait falls ahead of FTSE entry, other Gulf markets mostly rise

09h38 Kuwait's stock market fell on Sunday, pausing after recent gains ahead of joining of the FTSE Russell emerging market index this week, which is expected to draw passive fund inflows.  Full story

OPEC, non-OPEC panel unlikely to recommend further oil output hike - sources

09h35 A panel comprised of ministers from OPEC and allied oil producers meeting on Sunday is unlikely to recommend a further increase in crude production from that agreed in June, five OPEC and non-OPEC sources told Reuters.  Full story

-Comcast outbids Fox with $40 billion winning offer for Sky

09h11 Comcast beat Rupert Murdoch's Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group.  Full story
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Europe

In Nigeria, Shell’s onshore roots still run deep

09h00 Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country's. . .  Full story

Shell's operations in Nigeria

09h00 Royal Dutch Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country. But over the decades it has come under fire over spills in the Delta region. . .  Full story

Comcast outbids Fox with $40 billion offer for Sky in auction

22/09 Comcast beat Rupert Murdoch's Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group.. . .  Full story
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US

China navy ship makes maiden visit to Venezuela after Maduro visit

08h55 A Chinese naval ship has travelled to Venezuela for the first time, following a visit by President Nicolas Maduro to Beijing this month, where he had been looking to gain China's support for the. . .  Full story

Rouhani says U.S. wants to cause insecurity in Iran but will not succeed

08h46 Iranian President Hassan Rouhani accused the United States of being a "bully" that wants to create insecurity in the Islamic Republic, a day after an attack on a military parade that killed 25 people,. . .  Full story

Asian firms shuffle production around the region as China tariffs hit

08h00 A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S.. . .  Full story
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Asia

China's August grain imports slide on Sino-U.S. trade war

06h08 China's grain imports fell sharply in August, customs data showed on Sunday, a month after Beijing imposed hefty tariffs on shipments from the United States, one of its top suppliers.. . .  Full story

China August scrap metal imports fall 30.5 pct y/y - customs

05h45 /p>. . .  Full story

China Jan-Aug total trade with North Korea falls 57.8 pct - customs

05h35 The value of China's trade with North Korea in the January-to-August period tumbled 57.8 percent from a year earlier to $1.51 billion, Chinese customs data showed on Sunday.. . .  Full story
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Forex

AstraZeneca ceo warns of medicine shortages after Brexit - Sunday Times

00h21 Britain could see widespread medicine shortages if there is no deal to prevent friction at the border with the European Union after Brexit, the AstraZeneca chief executive told the Sunday Times.. . .  Full story

May vows to hold nerve after Brexit talks hit impasse

00h10 Prime Minister Theresa May said Britain would not flinch in an impasse with the European Union about its departure from the bloc, as French and German ministers suggested the next move in the negotiations should. . .  Full story

UK PM May's team draw up contingency plans for November election

22/09 British Prime Minister Theresa May's aides have begun contingency planning for a snap election in November to save both Brexit and her job, the Sunday Times reported.. . .  Full story
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Africa

Nigeria's central bank withdraws Skye Bank's operating licence

21/09 Nigeria's central bank has revoked Skye Bank's operating licence and a bridge bank called Polaris has been created to take over the lender's assets, the financial regulator said on Friday.. . .  Full story

World bank disburses $500 million loan to support Tunisia budget - source

21/09 The World Bank has disbursed a $500 million loan to support Tunisia's budget, an official source told Reuters on Thursday.. . .  Full story

World Bank sees Zambia 2018 economic growth below 4 percent

20/09 The World Bank expects Zambia's economy to grow less that 4 percent this year, lower than an April projection of 4.1 percent, it said on Thursday.. . .  Full story
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