Sectors Shares
SECTIONS

Most Read Today

South Africa authorities halt flights of state-run SA Express over safety

15h01 South Africa's Civil Aviation Authority (SACAA) said on Thursday it had suspended all flights of state-run airline SA Express over safety concerns.. . .  Full story

South African rand steadies ahead of rates decision, stocks tumble

23/05 South Africa's rand steadied against the dollar in late afternoon trade on Wednesday, recovering from losses earlier in the session, as a rise in consumer price inflation (CPI) reduced prospects for further interest rates cuts.. . .  Full story

South African central bank holds repo rate at 6.5 percent

16h27 South Africa's central bank kept its benchmark repo rate on hold in a unanimous decision by the Monetary Policy Committee (MPC) members on Thursday, saying risks to the consumer price inflation. . .  Full story

South Africa confirms Hadebe as CEO of struggling Eskom

11h54 The South African government has appointed Phakamani Hadebe as chief executive of struggling state power firm Eskom, ending a string of interim appointments that stretches back to 2016.. . .  Full story

Mediclinic final results March 2018

09h33 Revenue for the year was higher at GBP2.9 billion (GBP2.7 billion) whilst operating loss came to GBP288 million (profit of GBP362 million). Loss attributable to equity holders was GBP492 million (profit. . .  Full story

US STOCKS-Wall St dips after Trump cancels N.Korea summit; Netflix gains

23h08 U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by. . .  Full story

Crisis-hit Steinhoff repays $2.3 billion African debt

23/05 Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back. . .  Full story

South African food producer's earnings hit by meat recall after listeria outbreak

13h11 South Africa's biggest food producer Tiger Brands said a recall of cold meat products in response to a deadly listeria outbreak has cost it 365 million rand ($29 million) so far and weighed heavily. . .  Full story

South African hotel & casino operator Tsogo Sun to take $4.3 mln hit from VAT

23/05 Tsogo Sun expects to take a 54 million rand ($4.28 million) hit in core profit from a higher rate of value added tax introduced in April, its Chief Executive said on. . .  Full story

Trump threat of auto tariffs opposed by auto industry, Republicans

22h17 President Donald Trump's threat to impose tariffs on auto imports drew strong criticism abroad and at home where U.S. business groups and members of his own Republican Party warned of damage to the industry. . .  Full story

Most Read Yesterday

Crisis-hit Steinhoff repays $2.3 billion African debt

23/05 Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back. . .  Full story

South Africa's finmin Nene says outlook for tax revenues unchanged

22/05 South Africa Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged, in a blow to the chances of reducing the budget deficit.. . .  Full story

South African rand steadies ahead of rates decision, stocks tumble

23/05 South Africa's rand steadied against the dollar in late afternoon trade on Wednesday, recovering from losses earlier in the session, as a rise in consumer price inflation (CPI) reduced prospects for. . .  Full story

South Africa's CPI rises to 4.5 pct y/y in April

23/05 South Africa's headline consumer inflation quickened to 4.5 percent year-on-year in April from 3.8 percent in March, data from Statistics South Africa showed on Tuesday.. . .  Full story

In vote of confidence, oil firms mop up new North Sea blocks

23/05 The UK Oil and Gas Authority (OGA) on Wednesday awarded 123 licences to 61 companies to explore for and develop new fields in the North Sea, in the latest sign of confidence in the. . .  Full story

Beer maker AB InBev pumps up the volume in Africa

22/05 Sitting outside the ramshackle Vimba Tavern in Johannesburg's Alexandra township, Patrick Mashego swigs from a one-litre bottle of Carling Black Label, South Africa's most popular beer.. . .  Full story

ATON raises stake in South African target Murray & Roberts to 40 pct

22/05 German investment house ATON has raised its stake in South African builder Murray & Roberts to nearly 40 percent, it said on Tuesday.. . .  Full story

H&M scouts out potential suppliers in South Africa

22/05 H&M is looking at South Africa as a potential supplier, with executives from the world's second largest clothing retailer visiting some of the country's main cities this week.. . .  Full story

ATON attempts to torpedo Murray Roberts-Aveng tie-up

22/05 German investment house ATON has raised its stake in takeover target Murray & Roberts to nearly 40 percent, it said on Tuesday, giving it a large enough holding to scupper the South African builder's tie-up. . .  Full story

South African hotel & casino operator Tsogo Sun to take $4.3 mln hit from VAT

23/05 Tsogo Sun expects to take a 54 million rand ($4.28 million) hit in core profit from a higher rate of value added tax introduced in April, its Chief Executive said on. . .  Full story

Most Read This Month

Steinhoff's former CEO Jooste gets creditor reprieve

25/04 The former chief executive of crisis-hit retailer Steinhoff has agreed to settle a $120 million civil claim against his company by three lenders by December, lender Absa said on Wednesday.. . .  Full story

Former chairman Wiese sues Steinhoff for $5 billion

26/04 South African businessman Christo Wiese has launched a $5 billion lawsuit against crisis-hit Steinhoff, a retail company in which he was a board member and biggest shareholder until earlier this year,. . .  Full story

Steinhoff flags H1 loss as restructuring wipes out sales gain

18/05 South African retailer Steinhoff, which has been embroiled in an accounting scandal, expects to report a first-half net loss as costs related to restructuring, losses on asset sales and litigation offset a rise in revenues.. . .  Full story

Founder and chairman of S. Africa's PSG Group diagnosed with early dementia

02/05 South African tycoon and chairman of PSG Group Jannie Mouton has been diagnosed with early onset dementia, he said adding that he was still fit to be serve on the board of the investment. . .  Full story

South African magnate Wiese relinquishes roles at investment firm Brait

09/05 South African tycoon Christo Wiese has stepped down from two roles at Brait SE where he is a major shareholder, citing time constraints, the investment firm said on Wednesday.. . .  Full story

South Africa's Murray & Roberts agrees deal for Aveng

18/05 South African-based Murray & Roberts has agreed in principle to take over construction firm Aveng Limited in a one billion rand deal ($78.5 million).. . .  Full story

South Africa serves suspended revenue service head with disciplinary charges

04/05 South Africa has served the suspended head of its revenue service Tom Moyane with disciplinary charges related to alleged misconduct during his tenure, the president's office said on Friday.. . .  Full story

South Africa agrees modest wage deal with state workers

21/05 South Africa's public sector workers will see their pay rise by slightly more than inflation after the government -- which is struggling to curb a large budget deficit -- clinched a. . .  Full story

South African farmers take AB InBev to competition watchdog

07/05 Farmers in South Africa have filed a complaint with the country's competition watchdog about Anheuser-Busch InBev's decision to change its pricing formula for buying malt barley, a key ingredient in beer. . .  Full story

South Africa's Murray & Roberts agrees to buy Aveng

18/05 South African-based Murray & Roberts has agreed to buy construction firm Aveng Limited, although its biggest shareholder ATON said it will not support the one billion rand ($78.5 million) takeover.. . .  Full story

South Africa's finmin Nene says outlook for tax revenues unchanged

22/05 South Africa Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged, in a blow to the chances of reducing the budget deficit.. . .  Full story

South African fuel prices to increase in May

26/04 The retail price of petrol in South Africa will rise by 3.4 percent from May 2, while the price of wholesale diesel will rise by 4.6 percent, the energy department said. . .  Full story

Steinhoff could face more impairments, shares dive

10/05 South African retailer Steinhoff said on Thursday that an investigation by auditors PwC had found that overstatement of its profits may result in additional material impairments, sending its shares down more than 16 percent.. . .  Full story

South African airline SAA requires $400 mln bailout to stay afloat: treasury official

08/05 South Africa's state carrier SAA requires a 5 billion rand ($399 million) cash injection in the current financial year to help it meet its financial obligations, a senior treasury official. . .  Full story

South Africa's Transnet chairwoman resigns

04/05 The chairwoman of South Africa's state-owned logistics utility Transnet has resigned along with two other board members, the public enterprises ministry said on Thursday.. . .  Full story

South African rand falls to new 5-month low vs dollar

21/05 South Africa's rand tumbled to a new five-month low against the dollar early on Monday as the greenback rose amid hopes for an easing of trade tensions between the United States. . .  Full story

South African pharmacy group Dis-Chem to add more stores, enter Botswana

04/05 South African drugstore chain Dis-Chem Pharmacies plans to add more retail outlets, 10 of which will be convenience stores, as it looks to increase its market share after reporting a 13.7 percent increase in full-year. . .  Full story

Dis-Chem final results February 2018

04/05 Revenue for the year increased by 13.3% to R20.3 billion (2017: R17.9 billion), gross profit rose 13.3% to R4.8 billion (2017: R4.2 billion), operating profit decreased by 0.1% to R1.125 billion. . .  Full story

Crisis-hit Steinhoff repays $2.3 billion African debt

23/05 Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back. . .  Full story

South Africa sells $2 bln of bonds in over-subscribed deal

16/05 South Africa sold $2 billion of bonds maturing in 2030 and 2048 on international capital markets in a deal to finance the government's foreign-currency commitments, the finance ministry said on Wednesday.. . .  Full story

South Africa's rand stabilises after torrid week; shares rise

26/04 South Africa's rand stabilised on Thursday after a torrid week which saw the currency set several new three-month lows against the dollar, while stocks rose thanks to gains for firms including. . .  Full story

Long4Life final results February 2018

09/05 The group changed year end and this represents the maiden final results for February 2018, therefore there are no comparatives.The group's revenue for the period ended 28 February 2018, generated from. . .  Full story

Over $40 million of fuel stolen from Shell refinery, Singapore court docs show

22/05 Singapore authorities have levied new charges against a group of fuel thieves operating at Royal Dutch Shell's oil refinery in the city-state, raising the value of the stolen fuel to over $40 million from. . .  Full story

South Africa's Vodacom cuts dividend payout after earnings miss

14/05 South African mobile phone operator Vodacom Group disappointed investors with lower than expected full-year earnings and a cut in its dividend payout on Monday.. . .  Full story

Ethiopian Airlines to step up expansion with more deals and jets

07/05 Even by its own standards, Ethiopian Airlines' recent growth has been fast -- so fast that it revised the ambitious 15-year strategy set in 2010 and plans to buy more planes. . .  Full story

Steinhoff subsidiary scraps preference share dividend

30/04 A Steinhoff International subsidiary said on Monday it would not issue a dividend on its preference shares due to the crisis at the South African multinational retailer which was prompted by the discovery of accounting. . .  Full story

South Africa appoints interim board at troubled state firm Transnet

15/05 South African Public Enterprises Minister Pravin Gordhan has removed three board members at troubled state-owned logistics firm Transnet and appointed an interim board, the Public Enterprises Ministry said on Monday.. . .  Full story

South African rand steadies ahead of rates decision, stocks tumble

23/05 South Africa's rand steadied against the dollar in late afternoon trade on Wednesday, recovering from losses earlier in the session, as a rise in consumer price inflation (CPI) reduced prospects for further interest rates cuts.. . .  Full story

South Africa's Eskom evacuates Kusile contractors after protest

18/05 South African power utility Eskom said on Friday it had evacuated all contractors at its Kusile power station following a violent pay-related protest.. . .  Full story