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Most Read Today

Altron - judgement announcement

17/07 The Board informed shareholders that judgement was handed down in the Gauteng High Court in Pretoria relating to the application brought by the City of Tshwane ("CoT") to review and set aside the tender and award of the Altron Nexus / CoT Municipal Broadband Network contract. The contract wa  Full story

Australia's South32 posts 69% rise in annual coking coal production

01h22 Australia's South32 Ltd on Thursday reported a 69% jump in full-year coking coal production, beating analyst estimates, as the diversified miner ramped up production at its Illawarra project.  Full story

Datatec - repurchase of shares

17/07 Shareholders are advised that, in accordance with the general authority granted by shareholders at the Company's general meeting held on Wednesday, 26 June 2019 ("General Authority"), Datatec has cumulatively repurchased 1 697 160 ordinary shares ("Shares") in the aggregate, representing 0.7  Full story

Most Read This Week

Scandal-hit Steinhoff reports $400 mln loss in first half

12/07 South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on.  Full story

Zimbabwe inflation almost doubles, stirring memories of economic chaos

15/07 Prices of cooking oil and other basics soared in Zimbabwe as inflation nearly doubled in June, data showed on Monday, piling pressure on a population struggling with shortages and stirring memories of economic chaos a decade ago.  Full story

Bidvest to buy Enx's Eqstra in $222 mln deal

15/07 South Africa's Bidvest Group on Monday said it will acquire Enx Group's Eqstra Fleet Management and Logistics in a deal worth 3.1 billion rand ($222.34 million) on an enterprise value basis.  Full story

 

SA Business

South Africa's retail sales jump in May ahead of expected rate cuts

17/07 South Africa's retail sales rose more than expected in May as sales of household goods, furniture and appliances expanded quickly, a hint that pressure on consumers was easing ahead of an. . .  Full story

South African subsidiary of carmaker Ford to add 1,200 jobs

17/07 The South African unit of Ford Motor Co said on Wednesday it would hire an additional 1,200 staff at one of its local assembly plants, an increase of over 25 percent,. . .  Full story

Send in the troops: Congo raises the stakes on illegal mining

17/07 A Congolese army officer arrived in the village of Kafwaya in June and warned residents not to trespass on a major Chinese copper and cobalt mine next door. As night fell. . .  Full story
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SA Company

South Africa's rand softer ahead of rate decision, stocks slide

17/07 s latest prices, analyst quote). . .  Full story

Kenya orders deportation of 17 foreign directors of betting firms

17/07 Kenya has ordered the deportation of 17 foreign directors of betting firms operating in Kenya, the interior ministry said on Wednesday, almost a week after ordering telecoms firm Safaricom to stop processing payments for sports. . .  Full story

Anglo American Platinum Gets Section 11 Approval Regarding BRPM JV

17/07 Anglo American Platinum Ltd:. . .  Full story
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Live News Wire

Soybeans fall to 9-day low as cooler weather expected

03h23 U.S. soybean futures fell to a nine-day low on Thursday as forecasts for cooler weather across a major growing region calmed fears that hot, dry conditions could hurt yields.  Full story

Stocks wobble, bond yields fall on earnings woes, trade worries

03h20 Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven U.S. Treasuries.  Full story

Bank of Korea unexpectedly cuts key interest rate

03h07 South Korea's central bank unexpectedly cut its policy interest rate for the first time in three years on Thursday, as uncertainties from a trade dispute with Japan add to growing concerns over the economy's outlook.  Full story
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Europe

COLUMN-Nickel jumps but fear of Indonesia export ban is unfounded: Andy Home

03h00 Nickel is enlivening an otherwise torpid summer for the base metals complex.. . .  Full story

Crude futures fall after strong build in U.S. oil products stocks

02h58 Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season.. . .  Full story

U.S. officials to brief diplomats on maritime security initiative for Gulf

02h11 U.S. officials will speak to members of the Washington diplomatic corps on Friday about a new initiative to promote freedom of navigation and maritime security around the Strait of Hormuz, the State Department said on. . .  Full story
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US

Australian property firm LendLease lands $15 bln deal with Google

02h55 Australian construction firm LendLease Group on Thursday said it has secured a contract from Alphabet Inc's Google to jointly undertake development of properties worth $15 billion in the U.S. state of California.. . .  Full story

Japan may take S.Korea wartime labour dispute to International Court of Justice-NHK

02h53 Japan is considering taking a dispute with South Korea over its compensation of wartime forced labourers to the International Court of Justice as the deadline for seeking third-country arbitration passes on Thursday, public broadcaster NHK. . .  Full story

Sliding Japan exports, manufacturing gloom heighten economic risks

02h44 Japan's exports fell for a seventh straight month in June, pressured by Sino-U.S. trade frictions, slowing China growth and rising trade protectionism, as manufacturers' business confidence hit a three-year low.. . .  Full story
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Asia

Japan manufacturers' mood hits three-year low - Reuters Tankan

01h00 Japanese manufacturers' business confidence hit a three-year low in July, highlighting the fragility of the export-led economy as external demand slackens in the face of cooling global growth and trade friction, the Reuters Tankan showed.. . .  Full story

Turkish parliament passes law on central bank legal reserves -state news agency

17/07 Turkey's parliament on Wednesday ratified an economy law including amendments to allocation of central bank legal reserves and debt restructurings, state-owned Anadolu news agency said.. . .  Full story

Home furnishing chain of Philippines' richest man files for up to $404 mln IPO

17/07 Philippines' AllHome Corp, owned by the country's richest man, said late on Wednesday it plans to raise up to $404 million in the country's largest initial public offering (IPO) this year, as the bourse. . .  Full story
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Forex

Dollar held back by lower U.S. yields, rebound in pound

02h36 The dollar nursed light losses on Thursday, weighed down by lower U.S. yields and a rebound in the pound from 27-month lows.. . .  Full story

Japan urges G7 to think beyond existing rules in dealing with Libra

02h03 Japanese Finance Minister Taro Aso on Wednesday urged his G7 counterparts to make a comprehensive assessment of Facebook Inc's Libra digital currency for any fresh challenges that could be overlooked by existing regulations.. . .  Full story

G7 finance leaders voice scepticism over Libra -Japan finmin

17/07 Japan's Finance Minister Taro Aso said on Wednesday that various voices of scepticism over Facebook Inc's Libra digital currency surfaced at a gathering of Group of Seven (G7) finance leaders.. . .  Full story
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Africa

Nigeria's state oil firm awards oil-for-fuel swap deals - sources

16/07 Nigerian state oil firm NNPC issued award letters on Monday for highly sought-after contracts to exchange crude oil for imported fuel, oil industry sources told Reuters.. . .  Full story

Abruptly appointed Zambian finance minister to review sales tax plan

15/07 Zambian President Edgar Lungu abruptly fired his finance minister on Monday, appointing in her place the respected deputy head of the central bank, who said he might further delay a sales. . .  Full story

Zambia dollar bonds soar after president swaps finance minister

15/07 Zambia's dollar-denominated government bonds jumped on Monday after the country's president sacked Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng'andu to replace her.. . .  Full story
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