Most Read Today

South Africa expects lower tax revenues, higher borrowing this year -finmin

11h15 South Africa's 2019/20 tax revenues could be "significantly lower" than budgeted for and it may need to borrow more than planned, Finance Minister Tito Mboweni said on Tuesday, also citing the. . .  Full story

South African court blocks Zambian plan to sell Vedanta copper mine

17h14 South Africa's High Court on Tuesday has ordered the Zambian government to halt the sale of Vedanta Resources's majority-owned Konkola Copper Mines (KCM) until a final decision is made through arbitration.. . .  Full story

South African rand firmer as carry trade trumps political wrangling

22/07 South Africa's rand rallied on Monday, brushing aside local political ructions as investors increased bets on further monetary easing by the European and U.S. central banks.. . .  Full story

South Africa allocates extra $4.2 bln for cash-strapped Eskom

22/07 The South African government has allocated an extra 59 billion rand ($4.24 billion) to struggling state-owned power utility Eskom over the next two years so it can service its debt, a. . .  Full story

South Africa's Kumba Iron Ore H1 earnings more than treble

09h30 South Africa's Kumba Iron Ore Ltd on Tuesday reported a 239% surge in half-year earnings, boosted by higher iron ore prices and a weaker rand/dollar exchange rate.. . .  Full story

Cashbuild - operational update

22/07 The Cashbuild Group adopts the retail accounting calendar, which comprises the reporting period ending on the last Sunday of the month (Year ended June 2019 53 weeks; Year ended June. . .  Full story

South African Markets - Factors to watch on July 23

07h22 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

Amplats H1 earnings jump but warns against unsustainable wage hikes

22/07 Anglo American Platinum (Amplats) on Monday reported half-year earnings more than doubling, boosted by higher metals prices, but warned it could not give unsustainable increases as sector wage talks continued.. . .  Full story

Gold eases as dollar strengthens on U.S. debt deal

14h25 Gold prices slipped to a near one-week low on Tuesday as the dollar strengthened following a deal on extending a debt limit in the United States.. . .  Full story

Sappi - North American operations president & CEO

22/07 Sappi, a global leader in dissolving wood pulp, as well as graphic, packaging and speciality papers, today announced that Michael G (Mike) Haws (56), currently Vice President Manufacturing at Sappi North. . .  Full story

Most Read Yesterday

PepsiCo to buy South Africa's Pioneer Food for $1.7 bln

19/07 PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit. . .  Full story

-Frenzied debut of China's Nasdaq-style board adds $44 bln in market cap

22/07 Trading on China's new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much as 520% in a wild debut that more than doubled the board's combined market. . .  Full story

South Africa allocates extra $4.2 bln for cash-strapped Eskom

22/07 The South African government has allocated an extra 59 billion rand ($4.24 billion) to struggling state-owned power utility Eskom over the next two years so it can service its debt, a. . .  Full story

Amplats - 2019 interim results announcement

22/07 H1 2019 overview Anglo American Platinum delivered another strong financial performance in H1 2019, with increased earnings, returns and operating cash flows, benefitting from strong market fundamentals which saw the US Dollar. . .  Full story

South African Markets - Factors to watch on July 22

22/07 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

South African rand firmer as carry trade trumps political wrangling

22/07 South Africa's rand rallied on Monday, brushing aside local political ructions as investors increased bets on further monetary easing by the European and U.S. central banks.. . .  Full story

Nasper's delayed internet assets float to go ahead in September

19/07 South African media and e-commerce giant Naspers said on Friday the delayed multi-billion euro listing of its international internet assets, including its over 30% stake in China's Tencent, will go ahead. . .  Full story

Amplats H1 earnings jump but warns against unsustainable wage hikes

22/07 Anglo American Platinum (Amplats) on Monday reported half-year earnings more than doubling, boosted by higher metals prices, but warned it could not give unsustainable increases as sector wage talks continued.. . .  Full story

Gold holds steady as investors await Fed rate cut decision

22/07 Gold prices steadied on Monday, after a sharp fall in the previous session, as investors waited for the U.S. Federal Reserve's decision on interest rates at its month-end meeting next week.. . .  Full story

Tech leads U.S. stocks higher; oil gains

22/07 U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent. . .  Full story

Most Read This Month

PepsiCo to buy South Africa's Pioneer Food for $1.7 bln

19/07 PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit. . .  Full story

Absa concludes $500 million loan

04/07 South African lender Absa Bank, along with U.S based Bank of America Merrill Lynch and Britain's Standard Chartered Bank, have signed a $500 million syndicated loan, a statement from Absa Group. . .  Full story

Scandal-hit Steinhoff reports $400 mln loss in first half

12/07 South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on.. . .  Full story

South Africa cuts rates as economy weak, inflation steady

18/07 The South African central bank cut its main lending rate by 25 basis points to 6.50%, as expected, citing weak economic growth and inflation which has stayed around the midpoint of. . .  Full story

S.Africa's Steinhoff seeks to recoup payments made to ex-CEO, CFO

02/07 Steinhoff International has started legal proceedings against former Chief Executive Markus Jooste and ex-finance chief Ben La Grange to recover certain salary and bonus payments they got prior to 2017.. . .  Full story

Zimbabwe declares interim RTGS dollar its sole legal currency

24/06 Zimbabwe has declared its interim currency, the RTGS dollar, the country's sole legal tender with effect from Monday, according to a government notice published on Monday.. . .  Full story

South African Airways chairman has quit - minister Gordhan

11/07 South African Airways' chairman Johannes Bhekumuzi Magwaza has resigned, the country's Public Enterprises Minister Pravin Gordhan said on Thursday, the second senior figure at the struggling airline to leave this year.. . .  Full story

South Africa's Woolworths shares rise on sales turnaround

11/07 South African department chain Woolworths said on Thursday it had turned around its fashion, beauty and home business after fixing poor product choices in clothing, which had weighed on its sales the previous year.. . .  Full story

Economic "game changer"? African leaders launch free-trade zone

07/07 African leaders launched a continental free-trade zone on Sunday that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.. . .  Full story

Zimbabwe inflation almost doubles, stirring memories of economic chaos

15/07 Prices of cooking oil and other basics soared in Zimbabwe as inflation nearly doubled in June, data showed on Monday, piling pressure on a population struggling with shortages and stirring memories. . .  Full story

Group Five's chairwoman, non-executives resign

25/06 Group Five said on Tuesday its chairwoman had resigned along with three non-executive directors three-months after the South African construction company filed for creditor protection.. . .  Full story

South Africa's retail sales jump in May ahead of expected rate cuts

17/07 South Africa's retail sales rose more than expected in May as sales of household goods, furniture and appliances expanded quickly, a hint that pressure on consumers was easing ahead of an. . .  Full story

Top 20 vehicles sold in U.S. in June

03/07 The following are the 20 top-selling vehicles in the United States in June, as reported by the automakers and ranked by total units: Top 20 selling vehicles in the United States in June:. . .  Full story

Bidvest to buy Enx's Eqstra in $222 mln deal

15/07 South Africa's Bidvest Group on Monday said it will acquire Enx Group's Eqstra Fleet Management and Logistics in a deal worth 3.1 billion rand ($222.34 million) on an enterprise value basis.. . .  Full story

South Africa's rand firms on Powell's remarks, Kganyago reappointment

10/07 South Africa's rand firmed on Wednesday as the dollar weakened after U.S. Federal Reserve Chairman Jerome Powell highlighted risks to the U.S. economy in remarks that could bolster expectations of an interest rate cut later. . .  Full story

In Zimbabwe, risk perception trumps orthodoxy as inflation soars

18/07 Zimbabwe's Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by the global "Bretton Woods" lending institutions to try and. . .  Full story

Send in the troops: Congo raises the stakes on illegal mining

17/07 A Congolese army officer arrived in the village of Kafwaya in June and warned residents not to trespass on a major Chinese copper and cobalt mine next door. As night fell about a week. . .  Full story

With hip hop and bumper home loans, big banks target South Africa's youth

15/07 South Africa's biggest banks are betting cut-price accounts, big mortgages and offers on everything from Adidas backpacks to Xboxes will help them win over the youth market, which many overlooked until it was targeted by. . .  Full story

Treasurer of South Africa's Eskom quits in latest high-profile departure

15/07 The group treasurer of South Africa's Eskom, Andre Pillay, will leave the power utility at the end of August, it said on Monday, the latest high-profile exit after its chief executive. . .  Full story

Nasper's delayed internet assets float to go ahead in September

19/07 South African media and e-commerce giant Naspers said on Friday the delayed multi-billion euro listing of its international internet assets, including its over 30% stake in China's Tencent, will go ahead. . .  Full story

Cash-strapped airline Fastjet's CEO to step down

02/07 Struggling low-cost African airline Fastjet Plc said on Tuesday that after three years at the helm its Chief Executive Officer Nico Bezuidenhout would step down to re-join a business that he. . .  Full story

Iran threatens British shipping in retaliation for tanker seizure

05/07 An Iranian Revolutionary Guards commander threatened on Friday to seize a British ship in retaliation for the capture of an Iranian supertanker by Royal Marines in Gibraltar.. . .  Full story

Naspers picks Mahanyele-Dabengwa as CEO for South Africa

03/07 Naspers on Wednesday appointed Phuthi Mahanyele-Dabengwa to the newly-created role of chief executive of South Africa for the media and e-commerce group.. . .  Full story

South Africa's Comair sees annual earnings boost from SAA payment

04/07 South African airline Comair expects its full year headline earnings per share (HEPS) to rise by more than 20%, boosted by a $78 million payment from embattled state-owned airline South African. . .  Full story

South Africa's entire coal line shut for maintenance - Transnet

28/06 South Africa will shut down its entire rail network transporting coal from pits to customers for almost two weeks to undertake scheduled repairs, state-owned freight rail logistics firm Transnet said on. . .  Full story

Deutsche Bank careers end in an envelope, a hug and a cab ride

09/07 Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer. . .  Full story

AdaptIT - repurchase of shares

15/07 The board of directors of Adapt IT ("the Board") advised shareholders that Adapt IT (Pty) Ltd., a wholly owned subsidiary of Adapt IT, has cumulatively repurchased 13 344 222 Adapt IT. . .  Full story

South Africa weighs new support measures for struggling Eskom

03/07 South Africa is weighing extra options to support Eskom, including swapping the financially troubled state power firm's debt for government bonds or ring-fencing it in a special account, a senior treasury. . .  Full story

Zimbabwe expects to pay $10 mln to S.Africa's Eskom by end of Monday

01/07 Zimbabwe's government expects to pay $10 million to South African state power firm Eskom by the end of Monday, Zimbabwean Finance Minister Mthuli Ncube said.. . .  Full story