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Most Read Today

Budget retailer Mr Price hit by slowdown in South Africa

17/01 Shares in South African budget clothing and furniture retailer, Mr Price Group Ltd , tumbled on Thursday after it reported a sharp slowdown in sales growth and warned of a challenging final quarter.  Full story

Saudi Arabia plans oil refinery, petrochemicals plant in S.Africa

18/01 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said on Friday.  Full story

South African rand falls after rate decision; stocks down

17/01 South Africa's rand fell against the dollar on Thursday after the central bank left interest rates unchanged and sounded less hawkish, citing an improved inflation outlook.  Full story

Most Read This Week

Naspers - unbundling and llisting of MultiChoice

16/01 Further to the announcement issued by Naspers on the JSE's Stock Exchange News Service ("SENS") on 17 September 2018, when Naspers announced its intention to list its Video Entertainment business by separately listing the shares of a new company MultiChoice Group Limited ("MultiChoice") on t  Full story

South Africa's Woolworths hit by sluggish sales, earnings warning

17/01 Shares in Woolworths fell more than 8 percent on Thursday after the South African department store operator posted slower half-year sales growth and said it expected its headline earnings to drop by 5 percent in the period.  Full story

South African rand falls after rate decision; stocks down

17/01 South Africa's rand fell against the dollar on Thursday after the central bank left interest rates unchanged and sounded less hawkish, citing an improved inflation outlook.  Full story

 

SA Business

SocGen and Absa join forces on wholesale banking in Africa

18/01 French bank Societe Generale and South Africa's Absa joined forces in Africa on Friday, partnering on corporate and investment banking to broaden their reach across the continent.. . .  Full story

Saudi Arabia plans oil refinery, petrochemicals plant in S.Africa

18/01 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said. . .  Full story

South African rand steady in early trade

18/01 South Africa's rand traded steady against the dollar on Friday, after slipping in the previous session following the central bank's less-hawkish tone and decision to leave interest rates unchanged.. . .  Full story
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SA Company

South African rand weaker on less hawkish c.bank stance

18/01 South Africa's rand was weaker on Friday, a day after the central bank adopted a less hawkish tone at its monetary policy meeting.. . .  Full story

Saudi Arabia plans oil refinery, petchem plant in South Africa

18/01 Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid al-Falih said on Friday after talks. . .  Full story

Ellies Says Fikile Mkhise & Ian Russel Have Resigned As Directors

18/01 Ellies Holdings Ltd:. . .  Full story
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Live News Wire

Trump says no amnesty for 'Dreamers,' signals support in broader deal

17h33 President Donald Trump said on Sunday his proposed immigration deal to end a 30-day partial government shutdown would not lead to amnesty for "Dreamers," but appeared to signal support for amnesty as part of a broader immigration agreement.  Full story

Ghosn may have had questionable ethics, co-chair of external Nissan probe says

17h24 The co-chair of a committee set up by Japanese automaker Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards.  Full story

Egypt H1 of year to June budget deficit 3.6 pct of GDP -presidency

16h21 Egypt's budget deficit in the first half of the financial year to June was 3.6 percent of gross domestic product (GDP), down from 4.2 percent a year earlier, the presidency said on Sunday.  Full story
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Europe

India sacks PNB execs for lapses in $2 bln fraud in first firings -sources

11h38 India has sacked two executives of state-run Punjab National Bank for allegedly failing to prevent a $2 billion fraud, two sources said on Sunday, nearly a year after the country's biggest bank scam came to. . .  Full story

INSIGHT-Europe's patience with Iran wears thin, tiptoes towards Trump

10h00 In Tehran on Jan. 8 during a meeting with European envoys, Iranian officials abruptly stood up, walked out and slammed the door in an extraordinary break with protocol.. . .  Full story

Clashes break out in France as 'yellow vests' stage latest protest

00h21 Clashes broke out throughout France on Saturday, as an estimated 84,000 "yellow vests" demonstrators took to the streets in a 10th consecutive weekend of protests against President Emmanuel Macron's government.. . .  Full story
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US

Death toll raised to 79 in Mexico pipeline blast; new focus on fuel theft

16h09 A blast at a gasoline pipeline in Mexico that killed at least 79 people has put renewed attention on the government's strategy to stop fuel theft, with some relatives saying fuel shortages stemming from the. . .  Full story

Rheinmetall plans to sue Germany over Saudi arms embargo -Spiegel

13h50 German weapons maker Rheinmetall plans to sue the government over its decision to stop all arms exports to Saudi Arabia after the killing of journalist Jamal Khashoggi, Spiegel Online reported on Sunday.. . .  Full story

Toyota, Panasonic to set up EV battery JV in 2020 - source

08h50 Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the. . .  Full story
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Asia

India's SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways - paper

12h15 The State Bank of India (SBI)-led consortium of lenders is waiting for India‚Äôs capital markets regulator to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways, SBI Chairman Rajnish Kumar. . .  Full story

China set to post slowest growth in 28 years in 2018, more stimulus seen

06h00 China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out. . .  Full story

Malaysia's Jan 1 - 20 palm oil exports rise 12.9 pct -ITS

05h27 Exports of Malaysian palm oil products for January 1 - 20 rose 12.9 percent to 912,061 tonnes from 808,061 tonnes shipped during December 1 - 20, cargo surveyor Intertek Testing Services said. . .  Full story
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Forex

Stocks rally on trade hopes, dollar has 1st weekly gain of 2019

19/01 World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in. . .  Full story

Trade optimism yields dollar's first positive week this year

18/01 The dollar held firm against its rivals on Friday, set for its first weekly gain since mid-December on optimism about talks to end the trade war between China and the United States.. . .  Full story

Stocks rally on trade hopes, dollar set for first positive week of 2019

18/01 Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may. . .  Full story
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Africa

Zimbabwe public workers reject latest wage offer after protests

19/01 Zimbabwe's public workers have rejected a second offer to raise their salaries and demanded to be paid in dollars, days after at least three people died in violent anti-government protests.. . .  Full story

Guinea-Bissau's economic growth slows on declining cashew exports

18/01 Economic growth in Guinea-Bissau slumped to 3.8 percent last year from an average of about 6 percent in the previous three years, due largely to a 25 percent drop in cashew exports, the International. . .  Full story

Mali's gold production up 23 pct in 2018

18/01 /p>. . .  Full story
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