Online Trading![[IMAGE]](/v3/image.php?width=300&cropratio=2:1&image=/newsimages/2017-09-22T141544Z_1_LYNXNPED8L1CH-OZABS_RTROPTP_3_OZABS-US-UNILEVER-NV-M-A-REMGRO.JPG "A worker scans barcodes by a chiller cabinet of Flora margarine at a Sainsbury's supermarket in London")
Unilever and South African investment holding company Remgro on Friday announced a 11.9 billion rand ($901 million) deal that sees Unilever trade its spreads business in southern Africa for Remgro's stake in its South African subsidiary. Full story
11h53 South Africa's finance
ministry said on Monday it did not request a government pension
fund to provide 100 billion rand ($7.6 bln) to help it bail out
struggling state firms, calling any reports to that effect
"malicious and unconstructive". Full story
11h48 New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice of the pie. Full story
11h20 Emerging equities hit two-week
lows on Monday, weighed down by global politics, the prospect of
higher U.S. interest rates, a retreat in tech stocks and weak
Chinese property shares. Full story
![[IMAGE]](/v3/image.php?width=155&image=/newsimages/2017-09-22T125936Z_1_LYNXNPED8L12U-OZABS_RTROPTP_3_OZABS-UK-KPMG-SAFRICA.JPG "FILE PHOTO:The KPMG logo is seen at the company's head offices in Parktown, Johannesburg")
South African law enforcement agencies should investigate KPMG after the global auditor sacked its top management over work done for business. . . Full story
![[IMAGE]](/v3/image.php?width=155&image=/newsimages/2017-09-22T110716Z_1_LYNXNPED8L0T0-OZABS_RTROPTP_3_OZABS-US-KPMG-SAFRICA-GIGABA.JPG "South Africa's Finance Minister Malusi Gigaba speaks during the Thomson Reuters economist of the year awards")
South African law enforcement agencies should investigate KPMG after the global auditor sacked its top management over work done for business. . . Full story
![[IMAGE]](/v3/image.php?width=155&image=/newsimages/2017-09-22T090124Z_1_LYNXNPED8L0JV-OZABS_RTROPTP_3_OZABS-US-KPMG-SAFRICA.JPG "A mine worker is seen underground in South Deep mine outside Johannesburg")
South African gold mining company Gold Fields said on Friday that KPMG remains its external auditor but it will continue to. . . Full story
![[IMAGE]](/v3/image.php?width=155&image=/newsimages/2017-09-22T085829Z_1_LYNXNPED8L0JC-OZABS_RTROPTP_3_OZABS-US-EXXARO-RESOURCES-STRIKE.JPG "The logo of South African coal mining company Exxaro is seen outside the company's Pretoria headquarters")
South Africa's National Union of Mineworkers has signed a three-year wage deal with Exxaro Resources, ending a one-week strike by 1,800. . . Full story
10h00 Two decades after Yusuf Karodia
launched Mancosa, a distance learning school to teach South
Africans business skills, he sold up to UK private equity firm
Actis.. . . Full story
The chief executive of
South Africa's Public Investment Corporation (PIC) said he was
the victim of a plot to oust him because of the pension
manager's stance on bailing out other state firms.. . . Full story
Two decades after Yusuf Karodia
launched Mancosa, a distance learning school to teach South
Africans business skills, he sold up to UK private equity firm
Actis.. . . Full story
South Africa's Association
of Mineworkers and Construction Union (AMCU) said on Saturday
another member of its leadership had been shot dead,
execution-style, this time at a Lonmin owned-mine on the
platinum belt in the west. . . Full story
AEP released their maiden final results for the 5 months ended 30 June 2017 following listing on the AltX. Total comprehensive loss for the period was R6.1 million and headline loss. . . Full story
A renewed flare-up of tensions
between Pyongyang and Washington put emerging markets on track
for weekly losses, adding to falls caused by a repricing of U.S.
interest rate expectations and higher Treasury yields.. . . Full story
Operating loss narrowed to R8 million (loss of R17 million) whilst loss for the year widened to R106 million (loss of R95 million). In addition, basic loss per share worsened to. . . Full story
![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-22T074633Z_1_LYNXNPED8L0EY-OZABS_RTROPTP_3_OZABS-UK-SAFRICA-MARKETS.JPG "The hand of South African Reserve Bank Governor Gill Marcus is seen holding South Africa's new rand banknotes in Pretoria")
South Africa's rand and bonds were firmer early on Friday, extending gains after the central bank surprised markets by leaving benchmark rates unchanged.. . . Full story Steinhoff said it had presented its arguments to a Dutch court and was certain a petition made by a former joint venture partner, seeking a probe into the South African group's. . . Full story
South Africa's central bank is
concerned about "regrettable" practices at auditor KPMG
, its governor said, as the company's chairman held a
meeting with a former finance minister it had tarnished in a
report it. . . Full story
![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-21T140859Z_1_LYNXNPED8K19E-OZABS_RTROPTP_3_OZABS-US-KPMG-SAFRICA.JPG "The KPMG logo is seen at the company's head offices in Parktown, Johannesburg")
South African central bank is concerned about "regrettable accounting practices" at the local unit of auditor KPMG [KPMG.UL], Governor Lesetja Kganyago said on Thursday.. . . Full story![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-21T132743Z_1_LYNXNPED8K163-OZABS_RTROPTP_3_OZABS-US-SAFRICA-RATES.JPG "South African Reserve Bank governor Lesetja Kganyago listens during a briefing at Parliament in Cape Town")
South Africa's central bank kept its benchmark repo rate at 6.75 percent on Thursday, defying expectations of a cut based on easing inflation pressures and a sluggish recovery from a recession. . . Full story![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-21T130110Z_1_LYNXNPED8K14U-OZABS_RTROPTP_3_OZABS-UK-PETRA-DIAMONDS-STRIKE.JPG "Mine workers are seen at an underground tunnel at the Cullinan mine, outside Pretoria, northeast of Johannesburg")
South Africa's National Union of Mineworkers said on Thursday its members would go on an indefinite strike at Petra Diamonds Ltd's Koffiefontein Mine in the Northern Cape of South Africa.. . . Full story![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-21T123219Z_1_LYNXNPED8K13F-OZABS_RTROPTP_3_OZABS-UK-GHANA-RATES-POLL.JPG "Man trades U.S. dollars for Ghanaian cedis at a currency exchange office in Accra")
The Bank of Ghana will cut its prime lending rate on Monday to ease pressure on the hard pressed economy following a gruelling three-year International Monetary Fund credit programme, a Reuters. . . Full story![[IMAGE]](/v3/image.php?width=100&image=http://www.sharenet.co.za/images/profile/MDP.png)
Revenue for the year grew to USD25.5 million (USD23.1 million). Profit from operations rose to USD23.6 million (USD19.6 million). Total comprehensive income jumped to (USD18.8 million (USD2.8 million). In addition, headline. . . Full story Emerging stocks and currencies
fell on Thursday after the U.S. Federal Reserve confirmed it
would reverse its stimulus programme from next month and stick
to rate hike plans.. . . Full story
Makers of generic AIDS drugs
will start churning out millions of pills for Africa containing
a state-of-the-art medicine widely used in rich countries, after
securing a multi-million dollar guarantee that caps prices at
just $75. . . Full story
![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-21T073437Z_1_LYNXNPED8K0M7-OZABS_RTROPTP_3_OZABS-UK-SAFRICA-MARKETS.JPG "South African Rand coins are seen in this photo illustration")
South Africa's rand weakened early on Thursday to back near a one-month low after a hawkish-sounding U.S. central bank put expectations for an interest rate hike in December back on the. . . Full story![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-21T070710Z_1_LYNXNPED8K0K7-OZABS_RTROPTP_3_OZABS-US-KPMG-SAFRICA-CEO.JPG "FILE PHOTO:The KPMG logo is seen at the company's head offices in Parktown, Johannesburg")
KPMG South Africa wants an independent investigation into the firm's conduct to reassure employees and clients after a scandal involving its handling of audits for businessman friends of President Jacob Zuma,. . . Full story The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday :. . . Full story
Volcan Investments, the family
trust of the chairman of diversified miner Vedanta, on
Wednesday said it was increasing its stake in Anglo American
but did not intend to make a bid for the entire. . . Full story
Shares in South African
petrochemicals and energy firm Sasol dropped sharply on
Wednesday after it said it was looking at raising $980 million
in a share sale to fund a buy- out of. . . Full story
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Sales for the year decreased to R27.6 billion (R27.7 billion) whilst trading profit jumped to R760 million 9R512 million). Net profit for the year attributable to equity holders shot up to. . . Full story South African cement maker AfriSam said on Wednesday a merger proposal valuing its rival PPC at $700 million was fair, suggesting it has no intention of sweetening its offer.. . . Full story
![[IMAGE]](/v3/image.php?width=100&image=/newsimages/2017-09-20T075608Z_1_LYNXNPED8J0LL-OZABS_RTROPTP_3_OZABS-UK-STAR-IPO.JPG "People chat in front of a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building in Sandton Johannesburg")
Steinhoff's African subsidiary surged nearly 10 percent on its market debut on Wednesday, as investors looked past its parent company's legal wrangles in Europe and piled into the continent's retail powerhouse.. . . Full story The following results are the companyÆs maiden final results. Revenue came in at GBP411 812 whilst operating loss was GBP662 283. A loss for the period of GBP665 999 was recorded.. . . Full story
