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Most Read Today

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018, Results of General Meeting dated 15 February 201  Full story

South Africa's Shoprite cuts chairman Wiese's voting influence

18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped turn into an African powerhouse.  Full story

Oil hits highest since November as U.S. tightens Iran sanctions

14h57 Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran.  Full story

Most Read This Week

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018, Results of General Meeting dated 15 February 201  Full story

South Africa's Shoprite cuts chairman Wiese's voting influence

18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped turn into an African powerhouse.  Full story

South Africa's PIC denies considering ex-Absa executive as next CEO

18/04 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO and temporary replacement.  Full story

 

SA Business

Zimbabwe's Econet plots Botswana Mascom listing by October

15h50 Zimbabwean billionaire Strive Masiyiwa plans to list part of his Botswana telecoms operator Mascom by October this year, he said on Tuesday, in what he expects to be one of the biggest. . .  Full story

Atleaf final results February 2018

15h17 Revenue for the year jumped to GBP26.9 million (GBP24.1 million) whilst operating income rose to GBP21.7 million (GBP20.6 million). Profit for the year dropped to GBP9.2 million (GBP17.0 million). In addition,. . .  Full story

CMH final results February 2019

10h36 Revenue for the year increased to R11.155 billion (2018: R10.573 billion), gross profit rose to R1.825 billion (2018: R1.766 billion), operating profit decreased to R411.2 million (2018: R438.4 million), profit attributable. . .  Full story
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Live News Wire

Sterling slides to two-month low as Brexit pressure builds on PM May

15h44 Sterling slid to a two-month low on Tuesday as hopes for a breakthrough in Brexit talks between the ruling and opposition parties faded and British Prime Minister Theresa May faced growing pressure to quit.  Full story

Italy's fiscal dispute with EU might resume after debt exceeds forecasts

15h38 Public debt in Greece and Italy, the two most indebted countries in the euro zone, grew last year while the bloc as a whole saw its liabilities decrease, the European Union statistics office said on Tuesday.  Full story

Wall St opens higher as technology shares gain

15h33 U.S. stocks opened higher on Tuesday, led by gains in technology stocks and upbeat earnings from a handful of companies including Coca-Cola and Twitter.  Full story
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Europe

LME to ban metal tainted by child labour or corruption

15h51 The London Metal Exchange (LME) could ban or delist brands that are not responsibly sourced by 2022 under an initiative launched on Tuesday to help root out metal tainted by child. . .  Full story

Atlantic Leaf Disposes UK Retail Warehouse And Industrial Property Portfolio

15h25 Atlantic Leaf Properties Ltd:. . .  Full story

EU watchdogs give banks no leeway on Brexit-driven hub demands

15h08 European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to. . .  Full story
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US

Twitter gains more users, Trump renews attack on social media

15h24 Twitter Inc on Tuesday posted better-than-expected quarterly revenue and a surprise increase in monthly active users, showing its efforts to police spam accounts and abusive posts were helping lure more users and advertising dollars.. . .  Full story

Harley-Davidson profit tops estimates as Trump weighs in

15h11 Harley-Davidson Inc surged past expectations for first-quarter profit on Tuesday and drew a change of tack from U.S. President Donald Trump, who vowed to protect the motorcycle maker from European tariffs, driving its shares up. . .  Full story

Gulf OPEC members ready to raise output if there is demand -sources

15h05 Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see whether there is actual. . .  Full story
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Asia

Saudi's Al Rajhi Bank Q1 net profit rises 21 pct

15h22 Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 21 percent rise in first-quarter net profit on Tuesday, helped by higher special commission income and fees.. . .  Full story

Earnings aid Saudi, real estate hurts Egypt

15h12 Saudi Arabia's stock market rose on Tuesday, lifted by a slew of corporate announcements, while Egypt's blue-chip index was pulled down by its real estate shares. Saudi Arabia's index added 0.4. . .  Full story

Indonesia's PLN chief named suspect in power project graft case

13h32 The chief executive of Indonesian state electricity utility Perusahaan Listrik Negara (PLN) has been named a suspect in a graft case related to a power project, the country's Corruption Eradication Commission (KPK) said on Tuesday.. . .  Full story
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Forex

Canadian dollar hits 4-week low ahead of BoC rate decision

15h33 The Canadian dollar weakened to a nearly four-week low against its U.S. counterpart on Tuesday as the greenback broadly climbed and as investors awaited a Bank of Canada interest rate decision on Wednesday.. . .  Full story

Stocks splutter as oil races to near six-month high

14h36 Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, giving energy company shares their best day since January but doing surprisingly little for the main petrocurrencies.. . .  Full story

Dollar gains with FX volatility holding near five-year lows

13h08 The dollar held near three-week highs on Tuesday as a drop in market volatility ramped up demand for riskier assets, with higher U.S. bond yields also offering some support.. . .  Full story
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Africa

Tanzania denies blocking release of scathing IMF report

15h08 Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli's government of undermining economic growth with "unpredictable and interventionist" policies.. . .  Full story

Exports of four main Nigerian crude grades to rise in June - programmes

12h52 Exports of Nigeria's four main crude oil grades are set to jump in June to 895,000 barrels per day (bpd) from 740,000 bpd in May, according to preliminary loading programmes.. . .  Full story

Angola annuls winning tender for 4th telecoms operating license - presidency

18/04 Angola's President João Lourenço annulled on Thursday the winning tender for the country’s fourth telecoms operating license and ordered it be re-run to ensure "a clean and transparent process," his office. . .  Full story
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