Most Read Today

Battle for Mediobanca: Italy's richest man takes on seasoned CEO

09h00 One comes from a wealthy family, attended Milan's best schools and has spent all his career engineering mergers at Mediobanca, Italy's most influential investment bank.. . .  Full story

Copper weakens ahead of Trump speech on trade

12/11 Copper fell to a one-week low on Tuesday ahead of a speech by U.S. President Donald Trump in which he is expected to announce a delay in auto tariffs and provide clues about the. . .  Full story

MultiChoice profits leap on cost controlling measures

11/11 Africa's biggest pay-TV group MultiChoice saw half-year profits leap 22%, it said on Monday, as it further cut losses outside of its home market South Africa and as foreign exchange swings. . .  Full story

Automakers expect Trump will delay decision on imposing EU, Japan auto tariffs

02h51 Major automakers think U.S. President Donald Trump will again this week push back a self-imposed deadline on whether to put up to 25% tariffs on national security grounds on imported cars and parts from. . .  Full story

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MultiChoice profits leap on cost controlling measures

11/11 Africa's biggest pay-TV group MultiChoice saw half-year profits leap 22%, it said on Monday, as it further cut losses outside of its home market South Africa and as foreign exchange swings. . .  Full story

ArcelorMittal South Africa to close Saldanha operation

11/11 ArcelorMittal's South Africa unit said on Monday it would close its steel operations at Saldanha Works in the south of the country because it could no longer compete in export markets.. . .  Full story

Vodacom posts 19% H1 profit rise a year after share scheme hit

11/11 South African mobile operator Vodacom on Monday reported an 18.9% rise in half-year profits, partly reflecting the absence of one-off costs related to a share scheme offered to black investors.. . .  Full story

S.Africa's Absa to open New York office by end of the year

11/11 South African lender Absa said on Monday its representative office in New York should be operational by the end of the year, after it received the necessary regulatory approvals.. . .  Full story

Copper weakens ahead of Trump speech on trade

12/11 Copper fell to a one-week low on Tuesday ahead of a speech by U.S. President Donald Trump in which he is expected to announce a delay in auto tariffs and provide clues about the. . .  Full story

Pound climbs to 6-month highs vs euro as Conservatives get Brexit Party boost

11/11 The pound jumped on Monday, hitting a six-month high versus the euro and posted its biggest daily rise in nearly a month against the greenback after the Brexit Party said it would not contest. . .  Full story

Gold slips to over 3-month low as equities rise on 'risk-on' sentiment

11/11 Gold fell on Monday to its lowest in more than three months, dragged below technical support as upbeat risk sentiment kept U.S. stock indexes close to record levels, while investors awaited news on the. . .  Full story

S&P 500, Nasdaq slip on trade uncertainty; Boeing buoys Dow

11/11 The S&P 500 and Nasdaq stock indexes fell from record highs on Monday as uncertainty about progress in U.S.-China trade talks again rose to the fore following comments by President Donald Trump, while a. . .  Full story

SunPower to spin off solar panel manufacturing, shares rise

11/11 U.S. solar company SunPower said on Monday it will split into two publicly traded companies, separating most of its solar panel manufacturing operations from storage and energy services, sending its shares up as much. . .  Full story

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S.Africa investment summit draws few foreign pledges

06/11 South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of new investment pledges on Wednesday, saying these would spur economic growth and reduce unemployment, but foreign firms made. . .  Full story

South Africa's Taste Holdings to exit food business, sells Starbucks stores

01/11 Taste Holdings, owner of Starbucks and Domino's Pizza franchises in South Africa, said on Friday it was abandoning the food business, and had already sold its 13 stores of the coffee. . .  Full story

South Africa's rand rides optimism over new power plan

18/10 South Africa's rand firmed on Friday, building on gains made after the government released a long-delayed plan for electricity generation to address crippling power cuts.. . .  Full story

Bitcoin plunges to five-month low vs dollar after Zuckerberg testimony

23/10 Bitcoin's price dropped on Wednesday to its lowest level against the dollar since the middle of May after Facebook Chief Executive Officer Mark Zuckerbeg, in testimony before Congress, expressed doubts about whether the company's cryptocurrency. . .  Full story

South African rand plummets on bleak budget projections

30/10 South Africa's rand suffered its steepest fall in more than a year on Wednesday after Finance Minister Tito Mboweni forecast wider budget deficits and a sharp increase in debt during his. . .  Full story

CEOs of S.Africa's Sasol, hit by higher costs at US project, to exit

28/10 South African petrochemicals group Sasol said on Monday its joint chief executives are stepping down following a review of a project in the United States hit by delays and rising costs.. . .  Full story

South African Airways in talks with potential partners

14/10 South Africa's embattled state-owned airline is open to outside investment and in talks with a number of potential partners, President Cyril Ramaphosa said on Monday.. . .  Full story

Moody's lowers S. African Eskom's rating deeper into junk

05/11 Moody's pushed state power firm Eskom's credit rating deeper into sub-investment territory on Tuesday, saying a government plan to reorganise the cash-strapped South African firm would be hard to implement without. . .  Full story

Forty of 46 grounded South African planes back in air

24/10 Forty of the 46 airplanes grounded this week owing to faults found at the maintenance unit of state-owned South African Airways (SAA) have been returned to service, the head of South. . .  Full story

ArcelorMittal South Africa to close Saldanha operation

11/11 ArcelorMittal's South Africa unit said on Monday it would close its steel operations at Saldanha Works in the south of the country because it could no longer compete in export markets.. . .  Full story

Total to drill another offshore well in South Africa early 2020

05/11 French oil and gas major Total said it will drill another exploration well in the 11B/12B block offshore South Africa in the first quarter of next year, a senior company official. . .  Full story

Low prices, cost cuts help Pick n Pay buck South African retail gloom

22/10 A focus on low prices and cutting costs helped drive a 9.5% rise in first-half earnings at Pick n Pay Stores Ltd, bucking the downward trend at other South African retailers. . .  Full story

Australia's South32 exits South Africa thermal coal business

06/11 Australia's South32 Ltd said on Wednesday it would sell its South Africa thermal coal business to Seriti Resources and two trusts for 100 million rand ($6.78 million) upfront and deferred payments. . .  Full story

Boeing pilots' messages on 737 MAX safety raise new questions

18/10 A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis.. . .  Full story

Renergen commissions South Africa’s first commercial helium plant

28/10 Energy company Renergen said on Monday it had commissioned South Africa’s first commercial liquefied natural gas (LNG) and liquid helium plant, the Virginia Gas Project.. . .  Full story

MultiChoice profits leap on cost controlling measures

11/11 Africa's biggest pay-TV group MultiChoice saw half-year profits leap 22%, it said on Monday, as it further cut losses outside of its home market South Africa and as foreign exchange swings. . .  Full story

Coal to play significant role in South Africa power mix - minister

18/10 South Africa's plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a significant role as well as more renewable energy,. . .  Full story

No apologies: Africans say their need for oil cash outweighs climate concerns

08/11 A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.. . .  Full story

South Africa grounds Air Zimbabwe jetliner over debt

25/10 South Africa's state-run airports management company said on Thursday it had suspended Zimbabwe's debt-strapped national airline from using the country's airports over unpaid landing and parking fees.. . .  Full story

South Africa plans sweeping power sector reform as Eskom struggles

29/10 South Africa plans a sweeping overhaul of its power sector by breaking up loss-making state utility Eskom over the next three years and opening the industry up to more competition, a long-awaited government paper. . .  Full story

South Africa's rand firms; focus on budget, Moody's review

25/10 South Africa's rand firmed against the dollar on Friday, but traders expected the currency to remain range-bound ahead of Finance Minister Tito Mboweni's medium-term budget speech and Moody's rating review next. . .  Full story

South Africa will soon announce CEO for crisis-hit utility Eskom - Ramaphosa

21/10 South African President Cyril Ramaphosa said on Monday that the government will soon announce a permanent chief executive for state-run Eskom, after the struggling power utility reintroduced rolling blackouts last week.. . .  Full story