Most Read Today

Naspers' OLX unit to invest in Webuycars

18/09 OLX Group, a unit of South African e-commerce giant Naspers, said on Tuesday it would invest 1.4 billion rand ($94 million)in used car buying service Webuycars.. . .  Full story

South African fintech JUMO to expand in Asia with Goldman Sachs backing

18/09 South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs in an equity funding round, the company's chief executive said.. . .  Full story

Oil gains 1 pct on signs OPEC not prepared to boost output

18/09 Oil futures rose more than 1 percent on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target. . .  Full story

Phumelela - resignation of CEO

18/09 The board of directors hereby notifies its shareholders that Mr Rian du Plessis has tendered his resignation as CEO of Phumelela Gaming and Leisure Ltd. (˘the Company÷) for personal reasons, effective. . .  Full story

Indian police scrutinize major law firm in PNB fraud probe after documents moved

01h00 India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank from CAMÔÇÖs premises in February, a. . .  Full story

EU probes VW, BMW, Daimler over alleged emissions collusion

18/09 EU antitrust regulators are investigating whether BMW, Daimler and Volkswagen colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers.. . .  Full story

Wall St bounces back as investors shrug off trade tensions

18/09 Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China.. . .  Full story

Dollar climbs vs yen as investors shrug off trade war jitters

18/09 The dollar rose to a two-month high against the safe-haven Japanese yen and advanced modestly against the euro on Tuesday as investors appeared to discount rising trade-related tensions between the United States and China.. . .  Full story

Britain's "Wild West" crypto market should be regulated, say lawmakers

01h01 Britain's cryptocurrency market resembles the Wild West and should be regulated, lawmakers said on Wednesday, urging the government to bring to heel a sector plagued by volatile price swings, vulnerability to hacking and weak consumer. . .  Full story

BOJ to keep rosy economic view despite trade perils; policy seen steady

18/09 The Bank of Japan is expected to keep monetary policy steady on Wednesday and maintain its optimistic view on the economy, even as escalating global trade frictions threaten to chill growth.. . .  Full story

Most Read Yesterday

South Africa's Naspers plans to spin off, list pay-TV unit

17/09 South African media and e-commerce giant Naspers plans to spin-off and separately list its pay-TV unit, it said on Monday.. . .  Full story

Naspers - listing of MultiChoice

17/09 Naspers announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new. . .  Full story

South Africa's competition watchdog imposes conditions on Sibanye-Lonmin deal

17/09 South Africa's competition watchdog on Monday approved the takeover of platinum producer Lonmin by Sibanye-Stillwater but imposed conditions to limit job losses.. . .  Full story

Naspers' OLX unit to invest in Webuycars

18/09 OLX Group, a unit of South African e-commerce giant Naspers, said on Tuesday it would invest 1.4 billion rand ($94 million)in used car buying service Webuycars.. . .  Full story

Rolfes final results June 2018

17/09 Revenue for the year decreased to R1.422 billion (2017: R1.437 billion), gross profit lowered to R289.2 million (2017: R299.3 million), loss for the year attributable to owners of the parent plummeted. . .  Full story

China to penalise $60 bln of U.S. imports in tit-for-tat move

18/09 China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump's planned levies. . .  Full story

South Africa's rand firms on dollar tariff slip, stocks down

17/09 South Africa's rand firmed on Monday, as a dollar rally fuelled by signs of higher lending rates in the United States was undermined by the latest salvo in a tit-for-tat trade battle between Beijing. . .  Full story

South Africa's Eskom has coal shortages at 10 power plants: spokesman

17/09 South African power utility Eskom said on Monday that it had less than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national. . .  Full story

South Africa's AfriAg seeks UK medical cannabis producer license

17/09 AfriAg Global Plc has hired a law firm to help with the application process to become a licensed medical cannabis cultivator and producer in the UK, the South African haulier said. . .  Full story

Comair final results June 2018

18/09 Revenue for the year rose to R6.5 billion (R6.1 billion) whilst profit from operations jumped to R670.6 million (R637.8 million). Profit attributable to owners shot up to R324.5 million (R296 million).. . .  Full story

Most Read This Month

Nigeria stuns MTN with $8.1 billion demand, shares plunge

30/08 MTN Group shares plunged as much as 25 percent to a nine year low on Thursday, a day after Nigeria ordered the telecoms group's Lagos-based business to hand over $8.1 billion that the authorities. . .  Full story

South Africa in recession for first time since 2009; rand slumps

04/09 South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa's efforts to revive the economy. . .  Full story

South Africa to raise interest rates soon despite recession

13/09 South Africa's Reserve Bank will leave interest rates unchanged at 6.50 percent next week, 25 of 26 analysts predicted in a Reuters poll, after recent data showing the economy unexpectedly slipped. . .  Full story

S.Africa's Discovery strikes FirstRand deal to pay way for bank

04/09 Discovery Ltd has agreed to buy banking group FirstRand's 25.01 percent stake in a financial joint venture for $120 million, paving the way for the South African insurer to launch its own bank later this. . .  Full story

South Africa's Nedbank warns land expropriation could spark banking crisis

07/09 South Africa's plans to change the constitution to allow the expropriation of land without compensation could hit property prices and trigger a banking crisis, the chief executive of Nedbank told parliament on Friday.. . .  Full story

South Africa's Naspers plans to spin off, list pay-TV unit

17/09 South Africa's Naspers unveiled plans on Monday to spin off and list separately its pay-TV unit, its first major move aimed at narrowing a discount between its market value and the value of its stake. . .  Full story

Ramaphosa says South Africa to recover from recession soon

06/09 South Africa will soon recover from recession, President Cyril Ramaphosa said on Thursday in his first reaction to news that undermines his effort to revive the economy and attract investment after a decade of stagnation.. . .  Full story

David Jones impairment knocks South Africa's Woolworths into annual loss

23/08 Shares in South African retailer Woolworths slid to a six-year low on Thursday after it reported a 3.5 billion rand ($239.13 million) annual post-tax loss, hurt by a hefty write-down on. . .  Full story

White S.African workers protest against Sasol's black share scheme

03/09 Workers from South Africa's mainly-white Solidarity union staged a go-slow protest at the petrochemicals firm Sasol on Monday over a share scheme offered exclusively to black staff, and said they would. . .  Full story

South Africa's consumer inflation rises to highest in ten months in July

22/08 South Africa's headline consumer inflation rose to its highest in ten months in July as the cost of transport and household goods increased, but some analysts said the central bank was. . .  Full story

South Africa's parliament summons former Steinhoff CEO over accounting scandal

22/08 South Africa's parliament on Tuesday summoned Steinhoff's former chief executive and ex-chief financial officer to give evidence in an inquiry over the accounting scandal at the firm.. . .  Full story

Investec asset management spin off plan lifts shares

14/09 Investec cheered investors on Friday with plans to spin off its asset management unit in a surprise restructuring ahead of the departure after four decades of the South African firm's founder and chief executive.. . .  Full story

Steinhoff to meet to discuss asset sales, debt repayments

29/08 Steinhoff's board will meet over the next two days to discuss asset sales to boost cash flow and pay down debt, its chairwoman said on Wednesday, months after creditors of the. . .  Full story

Nigeria raises heat on South Africa's MTN with $2 bln tax bill

04/09 Nigeria landed MTN Group with a $2 billion tax bill on Tuesday, marking the South African mobile phone company's latest skirmish with authorities in its most lucrative market.. . .  Full story

Drugmaker Aspen sells baby milk business to dairy giant Lactalis

13/09 Aspen Pharmacare has agreed to sell its infant formula business to Lactalis for 12.9 billion rand ($865 million) to focus on core activities while the French buyer looks to revive its. . .  Full story

South Africa may miss tax take target, says finance minister

10/09 South Africa's tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on. . .  Full story

Steinhoff's former CEO says not aware of accounting irregularities

05/09 Steinhoff's former chief executive Markus Jooste was not aware of any accounting irregularities when he left the retailer in December, he told a South African parliamentary inquiry on Wednesday which is examining an accounting scandal. . .  Full story

Nigeria says whistleblower triggered MTN $8.1 bln probe -official

04/09 The office of Nigeria's attorney general said on Tuesday that a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for $8.1 billion taken out of Nigeria to. . .  Full story

Investors flee risk as bear markets multiply - BAML

17/08 Investors pulled billions from equities this week, shifting into bonds and high dividend-yielding sectors as Turkey's currency crisis sparked a global selloff and emerging markets entered bear territory, an analysis of fund flows showed on. . .  Full story

South Africa's rand hits one-week low on EM woes; stocks dip on MTN

30/08 South Africa's rand tumbled to its weakest in more than a week on Thursday as financial crises in Turkey and Argentina rattled sentiment toward emerging markets and stoked another wave of selling on the. . .  Full story

South Africa's Clover triples FY profit, impairment hurts shares

12/09 Clover Industries' normalised annual profit more than tripled, the South African dairy company said on Wednesday, boosted by its exit from the milk business and a recovery from drought the previous. . .  Full story

South Africa's Old Mutual H1 profit flat; declares dividend

31/08 Old Mutual reported no growth in half-year profit on Friday as higher taxes and unemployment hit consumer spending, but the No.2 insurer in South Africa declared an interim dividend of 45. . .  Full story

Crisis-hit Steinhoff says nine-month sales rise 2 percent

31/08 Steinhoff reported a slight increase in nine-month sales on Friday as its managers remained preoccupied with cleaning up after an accounting fraud that nearly tipped the South African retailer into bankruptcy.. . .  Full story

Naspers - listing of MultiChoice

17/09 Naspers announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new. . .  Full story

South Africa scraps nuclear power expansion plans

27/08 South Africa has cancelled plans to add 9,600 megawatts (MW) of nuclear power by 2030 and will instead aim to add more capacity in natural gas, wind and other energy sources, the energy minister. . .  Full story

South Africa's Shoprite logs first annual profit drop in 19 years

21/08 Africa's biggest grocer Shoprite reported its first annual earnings decline in 19 years on Tuesday, due to a currency devaluation in Angola and a lacklustre showing in its home South African market and elsewhere on. . .  Full story

Shares in South Africa's Aspen slump on sale of infant formula business

13/09 ** Shares in African drug maker Aspen Pharmacare slumped 10.71 percent to 243.32 rand ($16) after it announced the sale of its infant formula business. ** The company sold the business to French dairy group. . .  Full story

South Africa's rand shines after Turkish rate hike, Moody's comments

13/09 South Africa's rand raced to its highest in more than a week on Thursday, erasing all of the losses suffered after the economy slipped into recession, as a rate hike in Turkey and Moody's. . .  Full story

Old Mutual - second interim dividend

09/03 The Directors of Old Mutual plc (the ˘Company÷) have declared a second interim dividend for the year ended 31 December 2016 of 3.39p per share (the ˘Second Interim Dividend÷), which will. . .  Full story

Nigeria central bank debits Standard Chartered $7.9 mln after moving MTN funds -sources

06/09 Nigeria's central bank has debited Standard Chartered 2.4 billion naira ($7.86 million) after it fined the lender for helping South Africa's telecoms firm MTN to move funds abroad, two sources told Reuters on Thursday.. . .  Full story