23/05 South Africa's rand steadied against the dollar in late afternoon trade on Wednesday, recovering from losses earlier in the session, as a rise in consumer price inflation (CPI) reduced prospects for further interest rates cuts.
23/05 Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
18/05 South African retailer Steinhoff, which has been embroiled in an accounting scandal, expects to report a first-half net loss as costs related to restructuring, losses on asset sales and litigation offset a rise in revenues.
18/05 South African-based Murray
& Roberts has agreed to buy construction firm Aveng
Limited, although its biggest shareholder ATON said it
will not support the one billion rand ($78.5 million) takeover.
21/05 South Africa's public sector workers will see their pay rise by slightly more than inflation after the government -- which is struggling to curb a large budget deficit -- clinched a three-year wage deal with unions that had threatened to call a strike.
09h50 Phakamani Hadebe has been appointed chief executive of struggling South African state power firm Eskom after a stint as interim CEO, Public Enterprises Minister Pravin Gordhan said on Thursday.. . .
09h33 Revenue for the year was higher at GBP2.9 billion (GBP2.7 billion) whilst operating loss came to GBP288 million (profit of GBP362 million). Loss attributable to equity holders was GBP492 million (profit. . .
09h00 South Africa's Tiger Brands
reported on Thursday a 16 percent drop in half-year
earnings, weighed down by 365 million rand ($29.24 million) in
costs due to a recall of cold meat products in response. . .
10h00 The euro rose off a six-month low
on Thursday as China signaled its confidence in the single
currency but concerns over an economic slowdown in Europe and
political risks in Italy continued to act as a brake.
09h58 Shanghai copper prices snapped a
five-day winning streak to end lower on Thursday, after U.S.
President Donald Trump said any trade deal with China would
"need a different structure" and Washington launched a probe
into auto imports that could lead to new tariffs.
Copper had rallied at the star
09h26 A bounce across miners and oil
stocks helped European stocks nudge higher in early trading on
Thursday, though carmakers' shares came under pressure after the
U.S. launched a probe into auto imports.. . .
09h24 Greece may loosen further capital
restrictions imposed since the summer of 2015, raising the
monthly limit of cash that can be withdrawn from bank accounts
by at least 74 percent, Greek newspaper Kathimerini reported. . .
08h34 Gold prices on Thursday held
gains from the previous session, buoyed as the dollar extended
losses after minutes of the latest U.S. Federal Reserve meeting
hinted at a dovish approach to interest rate hikes.. . .
09h49 Abu Dhabi's state-owned Mubadala
Investment Company has acquired a 44 percent stake
worth at least $271 million in an oil subsidiary of gas giant
Gazprom, the Russian company said on Thursday.. . .
09h36 Germany-based Bomin Group has
started delivering ultra-low sulphur fuel oil (ULSFO) as a
marine fuel to ships calling in the Amsterdam-Rotterdam-Antwerp
region, the company said in a statement on Thursday.. . .
09h25 The European Commission has
opened an investigation into hot-rolled steel sheet piles
imported from China to determine whether they are being dumped
in Europe, according to a notice in the EU Official Journal on
Thursday.. . .
09h44 Indonesia's coffee
premiums narrowed further on expectations of an increase in
supply ahead of this year's harvest, while in Vietnam weather
conditions are positive for coffee growers but trade remains
slow on tight supplies.. . .
23/05 Ethiopia's state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its infrastructure, a move seen as spurring competition and expanding the data market, officials said.. . .