NEWS feeds categorized by region. For a feed of all NEWS as it arrives, go to NEWS WIRE

Most Read Today

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on Tuesday.  Full story

Former Steinhoff chairman Wiese open to talks over $4 bln claim

18/03 Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.  Full story

Inmarsat in $3.3 bln go-private transatlantic deal talks

19/03 Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private.  Full story

Most Read This Week

Former Steinhoff chairman Wiese open to talks over $4 bln claim

18/03 Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.  Full story

South Africa steps up power cuts after fault at new mega plant

14/03 South Africa's state utility Eskom stepped up power cuts on Thursday after a breakdown at its mammoth Kusile power plant project exacerbated a shortfall of generating capacity, reminding investors of the risks to economic growth.  Full story

S.Africa's Tsogo Sun CEO to retire, hotel business spin-off to go ahead

15/03 South African hotelier and casino operator Tsogo Sun said on Friday it is going ahead with the spinoff of its hotel business, as it announced its chief executive would retire in June.  Full story

 

SA Business

Zimbabwe seeks to raise $350 million selling shares in state firms

19/03 Zimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mthuli Ncube. . .  Full story

Remgro interim results December 2018

19/03 Sales for the interim period increased to R30.3 billion (2017: R14 billion) whilst trading profit rose to R2.7 billion (2017: R741 million). Net profit for the period attributable to equity holders. . .  Full story

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on. . .  Full story
VIEW ALL

SA Company

South Africa's rand steadies, investors eye Fed meeting

19/03 South Africa's rand steadied on Tuesday as the prospect of rolling blackouts and downbeat economic data offset expectations that a dovish tone at this week's U.S. Federal Reserve policy meeting could lift emerging market assets.. . .  Full story

Sasfin Holdings HY HEPS Of 250.12 Cents

19/03 Sasfin Holdings Ltd:. . .  Full story

South African Markets - Factors to watch on March 19

19/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story
VIEW ALL

Live News Wire

Inmarsat in $3.3 bln go-private transatlantic deal talks

19/03 Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private.  Full story

Mexico and Brazil reach light-vehicle free trade agreement

19/03 Mexico's government said on Tuesday it had reached an agreement with Brazil on the free trade of light vehicles, subject to a 40 percent regional content requirement, paving the way for more open commerce between Latin America's two biggest economies.  Full story

Corn, wheat drift lower on weak export demand; U.S. weather eyed

19/03 U.S. corn and wheat futures closed nearly unchanged on Tuesday, with commodity funds reluctant to add to a heavy net short position despite pressure from slowing export demand for U.S. grains, analysts said. Soybean futures declined as traders awaited news from ongoing U.S. trade negotiations wi  Full story
VIEW ALL

Europe

May's letter to EU on Brexit extension to be sent Wednesday -BBC

19/03 British Prime Minister Theresa May on Wednesday will send a letter to European Council President Donald Tusk seeking an extension of her country's departure from the European Union beyond a March 29 deadline, BBC. . .  Full story

Oil holds near 2019 highs ahead of official U.S weekly data

19/03 Oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly U.S. crude inventory data.. . .  Full story

U.S. bond yields higher ahead of Fed meeting results

19/03 U.S. Treasury yields were modestly higher in afternoon trade on Tuesday, as investors await insight on the Federal Reserve's policy path when the U.S. central bank ends its two-day meeting on Wednesday, amid broad expectations. . .  Full story
VIEW ALL

US

U.S. jury rules against Bayer in Roundup cancer case

19/03 A U.S. jury on Tuesday found Bayer AG's glyphosate-based weed killer to be a "substantial factor" in causing a man's non-Hodgkin's lymphoma, allowing the trial to proceed into a second phase on liability and. . .  Full story

Trump forges bond with Brazil's Bolsonaro in White House visit

19/03 U.S. President Donald Trump and Brazil's new far-right leader Jair Bolsonaro forged a bond over their shared brand of conservative and populist politics on Tuesday, with Trump pledging to give more U.S. support to Brazil's. . .  Full story

Canada sees 20 percent jump in bond issuance as deficit climbs

19/03 Canada said on Tuesday it would issue nearly 20 percent more bonds in the coming fiscal year to help the Liberal government fund its spending programs, ahead of an October election.. . .  Full story
VIEW ALL

Asia

Egypt, Nissan agree to produce 100,000 cars a year: minister

19/03 Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan's Nissan have reached an initial agreement to produce 100,000 cars a year in Egypt, the minister for public enterprises said on Tuesday.. . .  Full story

Egypt, Nissan agree to produce 100,000 cars a year - minister

19/03 Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan's Nissan have reached an initial agreement to produce 100,000 cars a year in Egypt, the minister for public enterprises said on Tuesday.. . .  Full story

India's Mindtree management rejects L&T's hostile takeover bid

19/03 India's Mindtree on Tuesday rejected conglomerate Larsen & Toubro's hostile takeover bid, saying L&T's plan to acquire a controlling stake will not create value for the IT services firm or its shareholders.. . .  Full story
VIEW ALL

Forex

Most Latam stocks fall, FX awaits Fed outcome

19/03 Most Latin American stocks fell on Tuesday as investors digested mixed signals regarding the progress in U.S.-China trade negotiations, while regional currencies awaited the outcome of a U.S. Federal Reserve meeting for a clear direction.. . .  Full story

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

19/03 Stocks across the globe rose for a seventh straight session on Tuesday despite late selling on Wall Street, while the pound wobbled against the dollar as traders expected European Union officials would allow Britain. . .  Full story

Dollar weak as traders bet on a dovish Fed

19/03 The U.S. dollar edged lower against a basket of major currencies on Tuesday as concerns over the strength of the U.S. economy and expectations that the Federal Reserve will prove accommodative at its meeting. . .  Full story
VIEW ALL

Africa

Ghana's Cocobod signs $300 mln loan to refinance bills, finance programs

19/03 Ghana's Cocobod signed a $300 million three-year loan with several international lenders on Tuesday to refinance central bank-raised cocoa bills and finance production enhancement programs, one of the lenders said in a statement.. . .  Full story

Morocco keeps benchmark interest rate unchanged at 2.25 pct

19/03 Morocco’s central bank left its benchmark interest rate flat at 2.25 percent on Tuesday, saying the decision was in line with the inflation and growth outlook.. . .  Full story

Morocco’s BCP 2018 net profit up 3.5 pct

19/03 Morocco’s Banque Centrale Populaire (BCP), one of the country’s biggest lenders, said on Tuesday its first half net profit attributable to shareholders rose 3.5 percent to 2.9 billion dirhams ($302 million).. . .  Full story
VIEW ALL

 

Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in crypto currencies carries with it potential risks. Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Crypto currencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite.

Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Sharenet doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics.
The calculation/derivation may include underlying JSE data.
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa