Most Read Today

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

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

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

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

S.Africa's Mr Price posts slow Q3 sales growth on lower clothes, Black Friday sales

17/01 South African retailer Mr Price Group Ltd reported a much slower sales growth for the third quarter, as financially constrained consumers spent less on clothes during the crucial months of November. . .  Full story

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

Wall Street rally lifts U.S. bond yields to 3-week peaks

18/01 U.S. Treasury yields climbed to three-week highs on Friday as investors piled back into Wall Street on hopes Washington and Beijing were moving to end their trade dispute as well as on stronger-than-expected data. . .  Full story

GRAPHIC-Bond market "recession gauge" falters outside United States

24/12 An inverted government bond yield curve is a fairly reliable omen of recession in the United States but its track record elsewhere is less impressive, including in major economies such as Germany and Japan.. . .  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. . .  Full story

Most Read Yesterday

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

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

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

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

Taste - results of GM

18/01 Shareholders were advised that at the general meeting of the Company held on Friday, 18 January 2019 at 12 Gemini Street, Linbro Business Park, Frankenwald, Sandton ("GM"), all of the resolutions. . .  Full story

South Africa's rand little changed, eyes on retail sales data

16/01 South Africa's rand was little changed against the dollar in early trade on Wednesday amid uncertainty over Brexit and as market participants awaited the release of local retail sales data for. . .  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

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

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

19/01 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

Most Read This Month

ABB relents to activist shareholder and unloads Power Grids unit

17/12 ABB will sell a majority stake in its Power Grids division to Japan's Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and. . .  Full story

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. . .  Full story

Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans

04/01 Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges of involvement in a fraud involving $2 billion in loans to state-owned companies in Mozambique,. . .  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. . .  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

U.S. yield curve to invert in 2019, recession to follow

13/12 The U.S. Treasury yield curve will invert next year, possibly within the next six months, much earlier than forecast just three months ago, with a recession to follow as soon as a year after. . .  Full story

South Africa's Woolworths pulls baby carriers after copying scandal

10/01 South African retailer Woolworths has removed a baby carrier from its shelves, admitting it had "striking similarities" to a product offered by a small boutique retailer.. . .  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

Company led by ex-MTN CEO Wood exits Nigerian venture 9mobile: sources

10/01 A firm led by Adrian Wood, the former chief executive of South African telecoms giant MTN Group Ltd, has pulled out of its Nigerian telecoms venture 9mobile, two people familiar with. . .  Full story

South Africa's rand up 1 percent on U.S. rate cut bets

04/01 South Africa's rand firmed to a two-week best on Friday as emerging markets were boosted by increased expectations of the United States central bank cutting lending rates this year.. . .  Full story

Zimbabwe plans new currency as dollar shortage bites - finance minister

12/01 Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced businesses to close.. . .  Full story

South Africa's Distell to set up new firm for premium wine business

15/01 South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple. . .  Full story

Japanese yen soars as 'flash crash' sweeps currency market

03/01 The Japanese yen soared in early Asian trading on Thursday as the break of key technical levels triggered massive stop-loss sales of the U.S. and Australian dollars in very thin markets.. . .  Full story

South Africa's rand inches higher, stocks slide

02/01 South Africa's rand traded firmer early on Wednesday, benefiting from a weaker dollar and optimism over a possible resolution to the trade war between the United States and China.. . .  Full story

South Africa's trade balance swings to 3.5 bln rand surplus in November

28/12 South Africa's trade deficit swung to 3.49 billion rand ($242.92 million)surplus in November from a revised 4.28 billion rand deficit in October, official data showed on Friday.. . .  Full story

Apple's shock warning sends investors to safe-haven assets

03/01 A revenue warning from Apple Inc rocked equity markets around the globe on Thursday as concerns over the damaging China-U.S. trade battle and its impact on world economic growth boosted assets considered safer investments, such. . .  Full story

Goldman models risk of 1000 bps Eskom blowout for S.Africa

15/01 Investment bank Goldman Sachs said South Africa's rand could tumble 3.5 percent if state-run power utility Eskom suffers a major sell-off in its bonds, but it could also jump 4.5 percent. . .  Full story

South Africa's Steinhoff says creditor challenges debt restructuring

11/01 South African retailer Steinhoff said on Thursday a creditor is challenging the company's plans to restructure its convertible debt into new secured loans.. . .  Full story

Investors plough billions into stocks, bonds and EM assets as risk appetite returns - BAML

11/01 Global investors ploughed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chairman Jerome Powell.. . .  Full story

S.Africa's Mr Price posts slow Q3 sales growth on lower clothes, Black Friday sales

17/01 South African retailer Mr Price Group Ltd reported a much slower sales growth for the third quarter, as financially constrained consumers spent less on clothes during the crucial months of November. . .  Full story

Three reasons gold may be about to run with the bulls: Russell

14/01 The three legs that supported gold's extended rally from just after the 2008 global recession until the all-time peak in 2011 may be making something of a comeback this year.. . .  Full story

South Africa's ANC says central bank should broaden economic focus

13/01 South Africa's ruling party said on Saturday the central bank should broaden its focus to include boosting employment and economic growth, a move that will worry investors already concerned about the. . .  Full story

S.Africa's AMCU union to expand Sibanye-Stillwater strike to platinum operations

14/01 South Africa's Association of Mineworkers and Construction Union (AMCU) said on Monday that around 12,500 of its members would go on strike at Sibanye Stillwater's platinum operations, expanding an earlier strike. . .  Full story

South Africa's rand, stocks tumble as China data disappoint

03/01 South Africa's rand weakened more than one percent on Wednesday as weak Chinese manufacturing data offset hopes that a trade war between China and the United States was ending.. . .  Full story

GRAPHIC-Bond market "recession gauge" falters outside United States

24/12 An inverted government bond yield curve is a fairly reliable omen of recession in the United States but its track record elsewhere is less impressive, including in major economies such as Germany and Japan.. . .  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 retail sales up 3.1 percent year/year in November

16/01 South African retail sales rose 3.1 percent year-on-year in November after increasing at a revised year-on-year rate of 2.1 percent in October, the statistics office said on Wednesday.. . .  Full story

Decline in South Africa's private sector eases, fanning recovery hopes -PMI

04/01 South Africa's private sector activity contracted for the sixth month in a row in December as both output and new orders fell further while purchases also dropped, though the overall rate. . .  Full story

South African business confidence index falls in December

10/01 South African business confidence dipped in December on lower exports, fewer new vehicle sales and a decline in planned construction, a survey showed on Thursday.. . .  Full story