Most Read Today

South Africa's deputy mines minister dies in car accident

14/09 South Africa's Deputy Minister of Mineral Resources and Energy Bavelile Hlongwa has died in a car accident, President Cyril Ramaphosa said on Saturday.. . .  Full story

HPCL chairman says petrol, diesel prices to rise if crude price stays high

16/09 India's Hindustan Petroleum Corp Ltd has said that price of petrol and diesel at retail outlets might go up if the price of crude stays at current levels.. . .  Full story

South African rand weaker as risk appetite ebbs

16/09 South Africa's rand weakened in early trade on Monday as an attack on Saudi Arabia's oil facilities dented risk appetite, while investors braced for monetary policy decisions from major central bank. . .  Full story

Oil jumps nearly 15% in record trading after attack on Saudi facilities

16/09 Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years and a record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production. . .  Full story

Petra Diamonds profit misses estimates, shares hit all-time low

16/09 Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22% fall in annual profit, as a Sino-U.S. trade row and protests. . .  Full story

GRAPHIC-Saudi's oil storage gives market temporary cushion - analysts

16/09 Saudi Arabia should be able to keep exports flowing after attacks on vital oil infrastructure on Saturday slashed more half of its oil production, but a prolonged shutdown will rattle global oil supplies, analysts said. . .  Full story

Attacks on Saudi oil facilities - what will it mean for consumers?

16/09 The attack on Saudi facilities on Saturday caused the biggest oil supply disruption for more than 50 years. Here is what it could mean for consumers:. . .  Full story

Trump says looks like Iran was behind Saudi oil attacks

16/09 U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added. . .  Full story

Buyers of Saudi oil scramble for alternatives, U.S. exports ramp up

16/09 The oil markets were in turmoil on Monday after the weekend's attack on Saudi facilities, as refiners in top consumer Asia looked for alternative supplies, U.S. crude producers ramped up efforts to export crude and. . .  Full story

Most Read Yesterday

South Africa's Mr Price suspends two senior managers

12/09 South African clothing retailer Mr Price Group Ltd said on Thursday two members of the senior management had been suspended as a precaution following allegations of non-compliance with the firm's code. . .  Full story

South Africa's deputy mines minister dies in car accident

14/09 South Africa's Deputy Minister of Mineral Resources and Energy Bavelile Hlongwa has died in a car accident, President Cyril Ramaphosa said on Saturday.. . .  Full story

HPCL chairman says petrol, diesel prices to rise if crude price stays high

16/09 India's Hindustan Petroleum Corp Ltd has said that price of petrol and diesel at retail outlets might go up if the price of crude stays at current levels.. . .  Full story

Old Mutual says not backing down in case against fired CEO

13/09 Old Mutual said on Friday it was not backing down in a dispute with its fired CEO, after confirming it had sent a letter to the CEO's attorneys saying it would. . .  Full story

South African rand weaker as risk appetite ebbs

16/09 South Africa's rand weakened in early trade on Monday as an attack on Saudi Arabia's oil facilities dented risk appetite, while investors braced for monetary policy decisions from major central bank. . .  Full story

AngloGold Ashanti, B2Gold in deal over Colombia project

16/09 AngloGold Ashanti Ltd has entered into an agreement with B2Gold at its Gramalote project in Colombia that will see its Canadian joint venture partner raise its stake and assume management of. . .  Full story

GRAPHIC-Saudi's oil storage gives market temporary cushion - analysts

16/09 Saudi Arabia should be able to keep exports flowing after attacks on vital oil infrastructure on Saturday slashed more half of its oil production, but a prolonged shutdown will rattle global oil supplies, analysts said. . .  Full story

Oil jumps nearly 15% in record trading after attack on Saudi facilities

16/09 Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years and a record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production. . .  Full story

Petra Diamonds profit misses estimates, shares hit all-time low

16/09 Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22% fall in annual profit, as a Sino-U.S. trade row and protests. . .  Full story

South Africa likely to miss 1.5% growth target -finance minister

13/09 South Africa's economic growth is unlikely to reach the treasury's target of 1.5% in 2019 because conditions have changed and the country is facing increasing headwinds, Finance Minister Tito Mboweni said. . .  Full story

Most Read This Month

South Africa's Mr Price suspends two senior managers

12/09 South African clothing retailer Mr Price Group Ltd said on Thursday two members of the senior management had been suspended as a precaution following allegations of non-compliance with the firm's code of conduct.. . .  Full story

South Africa risks tax revolt, bailouts over govt graft

26/08 South Africans could start withholding their tax payments due to years of corruption which might force the country to seek an international bailout, the chief of the revenue service said on. . .  Full story

S.Africa's Naspers shares fall more than 30% after Prosus market debut

11/09 Shares in South Africa's e-commerce giant Naspers tumbled more than 30% on Wednesday following the market debut of its spin-off Prosus in Amsterdam.. . .  Full story

Naspers spin-off Prosus surges 25% on Amsterdam market debut

11/09 Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday, creating one of. . .  Full story

Imperial to exit S.Africa consumer business by Sept, mulls Europe shipping unit disposal

27/08 Imperial Logistics Ltd expects to wind up its loss-making consumer packaged-goods (CPG) business in South Africa by the end of September and is also considering disposing of its shipping unit in Europe as it overhauls. . .  Full story

South Africa to roll out sweeping health reform in stages

23/08 A proposed move to universal health coverage in South Africa will be rolled out in stages as the budget improves, a senior presidential aide told Reuters, forecasting the landmark reform would cost $2.2 billion. . .  Full story

South Africa's Harmony Gold eyes potential in AngloGold Ashanti assets

20/08 South Africa's Harmony Gold is interested in many projects including AngloGold Ashanti's Mponeng operations, CEO Peter Steenkamp said on Tuesday.. . .  Full story

Naspers' Prosus Q2 profit up 31% on Tencent stake - prospectus

26/08 Prosus, the technology holding firm being carved out of South Africa's Naspers Ltd, registered a 31% rise in second quarter profit to $1.40 billion, thanks to its stake in China's Tencent, its prospectus showed on. . .  Full story

S.Africa's Sasol lowers LCCP earnings and revises unit start-up dates

26/08 Sasol said on Monday it had reduced its 2020 core earnings target for its U.S. ethane cracker project and revised the dates for the unit's start-up following technical issues.. . .  Full story

South Africa's rand falls as investors weigh local, global risks

19/08 South Africa's rand weakened on Monday as traders and investors continued to weigh heightened global growth risks against local uncertainty, while equities rose in line with global stock markets.. . .  Full story

South Africa to consider new nuclear in affordable way

20/08 South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said on Tuesday.. . .  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

Several Shoprite stores in South Africa, Nigeria and Zambia closed

04/09 South African grocer Shoprite Holdings said on Wednesday several stores in its home market, Nigeria and Zambia were closed and extensive damage had been done to several supermarkets over the past. . .  Full story

Cash-strapped S.Africa state arms firm ordered to hand over taxes - union

20/08 South Africa's High Court ordered state arms maker Denel to hand over millions in employees' tax payments to the government, union officials said - a case that has refocused attention on. . .  Full story

Africa's biggest bank targets its smallest shops in fintech deal

27/08 South Africa's Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have limited access to banking. . .  Full story

S.African court dismisses Old Mutual attempt to block CEO's reinstatement

06/09 Sacked Old Mutual CEO Peter Moyo intends to return to his desk next week, his lawyer said on Friday after a South African court dismissed the insurer's attempt to block his. . .  Full story

S.Africa's Old Mutual to buy back $158 mln more shares

02/09 Old Mutual Ltd will launch its second share buyback of the year on Sept. 3, South Africa's second-largest insurer said on Monday after posting a 10% rise in half-year profit.. . .  Full story

Sasol says U.S. ethane cracker production steps up

28/08 South Africa's Sasol said on Wednesday its U.S. ethane cracker plant was now producing enough ethylene for use, bringing it a step closer to completing its Lake Charles Chemicals Project that. . .  Full story

South Africa's Aspen posts FY earnings decline, pays no dividend

11/09 South African drugmaker Aspen Pharmacare Holdings said on Wednesday full-year core normalised earnings fell by 4% due to a lower contribution from its manufacturing business and it will not pay a. . .  Full story

Annual earnings at South Africa's Shoprite miss estimates

20/08 South African supermarket chain Shoprite Holdings missed full-year forecasts on Tuesday hurt by inventory shortages at home and currency devaluations in the rest of Africa.. . .  Full story

Old Mutual says not backing down in case against fired CEO

13/09 Old Mutual said on Friday it was not backing down in a dispute with its fired CEO, after confirming it had sent a letter to the CEO's attorneys saying it would. . .  Full story

Trump calls on U.S. firms to exit China as trade war escalates

23/08 President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.. . .  Full story

S.Africa's Distell turned off crisis-hit Zimbabwe

28/08 South African alcoholic drinks firm Distell is likely to hold off on further investments in Zimbabwe until there are signs it is tackling is deep economic problems, Chief Executive Richard Rushton. . .  Full story

Nigeria c.bank to defend reserves in wake of UK $9 bln court ruling

19/08 Nigeria's central bank will strive to protect the country's currency reserves after a British court ruling granted a small natural gas firm the right to try to seize $9 billion in assets from Nigeria's. . .  Full story

South Africa's state defence firm Denel names new finance chief

09/09 South Africa's Denel named a new chief financial officer (CFO) on Monday, as the struggling state-owned defence firm seeks to improve corporate governance and return to profitability.. . .  Full story

South African regulator fines Steinhoff for misleading markets

12/09 South Africa's market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making "false, misleading or deceptive statements" to the market, the company said on Thursday.. . .  Full story

BHP final results June 2019

20/08 Revenue for the year rose to USD44.3 billion (USD43.1 billion) whilst profit from operations grew to USD16.1 billion (USD16.0 billion). Profit attributable to BHP shareholders shot up to USD8.3 billion (USD3.7. . .  Full story

South Africa's rand firms as deficit fears ease

23/08 South Africa‚Äôs rand firmed early on Friday, bucking a downtrend among its emerging market peers, as concerns about South Africa's budget eased slightly.. . .  Full story