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Most Read Today

Barloworld's Automotive CEO Keith Rankin Resigns

27/02 Barloworld Ltd:  Full story

South African regulator reviewing volatile share trading

12/01 A South African market regulator said on Friday it was reviewing volatile share trading sparked by market speculation that a research group would release a negative report on a listed firm.  Full story

Most Read This Week

U.S., N.Korea talks 'more important than anything', S.Korea tells China

23/12 It is "more important than anything" to keep up the momentum for talks between the United States and North Korea, South Korean President Moon Jae-in told Chinese President Xi Jinping in Beijing on Monday.  Full story


SA Business

S.African stocks hit near 7-month highs, led by Richemont, miners

09h00 South African stocks rose to near seven-month highs on Friday, underpinned by gains in heavyweight Richemont and mining firms, while the rand fell against a broadly stronger dollar.. . .  Full story

S. African retailers TFG and Mr Price lure holiday shoppers with discounts

17/01 South African retailers The Foschini Group (TFG) and Mr Price Group reported healthy sales growth over the holiday season, with Black Friday discounts luring consumers into stores.. . .  Full story

South Africa's 3-month T-bill average yield falls to 6.84%

17/01 South Africa sold 1 billion rand ($69.55 million) of three-month Treasury bills, at an average yield of 6.84% compared to 7.12% last week, central bank data showed on Friday. The. . .  Full story

SA Company

Britain's Just Eat rejects raised offer from Prosus

10/12 Just Eat rejected a raised takeover offer from Dutch-based technology group Prosus on Tuesday because it significantly undervalued the company and said it continued to back a rival all-share offer from . .  Full story

Unions up ante at South African Airways as finances approach crunch

20/11 Unions are escalating a crippling strike at South African Airways (SAA) after talks broke down, leaving the state-run carrier at risk of liquidation without a government guarantee to secure bank funding, a board member said.. . .  Full story

Capitec Bank Says Final Purchase Price Is R3,56 Bln For Mercantile Bank

31/10 Capitec Bank:. . .  Full story

Live News Wire

U.N. envoy hopes for, but cannot predict, speedy reopening of Libya oil ports

15h58 The United Nations envoy to Libya said on Saturday he hoped but "could not predict" whether eastern oil ports shut ahead of a pending Berlin summit aimed at reaching a truce in Libya would be reopened soon.  Full story

Iceland’s Samherji exiting Namibia following bribery scandal

15h33 Samherji, the Icelandic fishing company at the centre of Namibia's biggest corruption scandal, announced on Friday that it is withdrawing from the southwest African nation.  Full story

U.N. Libya mission "deeply concerned" over disruption in oil production, urges restraint

12h51 The United Nations mission in Libya said on Saturday it was deeply concerned over efforts to disrupt oil production in the country and urged all sides to exercise restraint.  Full story


Czech central bank's Rusnok: rates very likely stable -Lidove Noviny

01h00 Czech interest rates are very likely to stay stable in 2020 or rise slightly if they do move, central bank Governor Jiri Rusnok was quoted as saying on Saturday.. . .  Full story

UK expected to open trade talks with US before negotiating with EU - the Telegraph

00h28 British Prime Minister Boris Johnson is expected to start trade talks with the United States before negotiating with the European Union, the Telegraph reported on Friday.. . .  Full story

Oil steadies as Chinese economy offsets trade optimism

17/01 Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.. . .  Full story


Trump, EU chief to meet in Davos as U.S tariffs loom over digital tax -sources

03h39 Donald Trump is expected to meet with EU leader Ursula von der Leyen in Davos, Switzerland, next week, three sources said on Friday, as tensions mount between the allies over tariff threats and the. . .  Full story

Best Buy starts investigation into CEO's personal conduct

01h09 U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.. . .  Full story

CME hog and cattle futures end firm on winter weather woes

00h54 Front-month lean hog futures on the Chicago Mercantile Exchange (CME) settled about 1% higher on Friday, supported by fears that a weekend winter storm in the Plains and Midwest would slow the transport of. . .  Full story


India's HDFC Bank says Dec quarter net profit at 74.16 bln rupees

12h15 HDFC Bank Ltd says:. . .  Full story

To defuse palm row, Davos diplomacy likely between India, Malaysia

08h21 Trade ministers from India and Malaysia are likely to meet on the sidelines of the World Economic Forum's annual meeting in Davos next week amid a palm oil spat between the two countries, a. . .  Full story

Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction

05h34 A vast stockpile of the indium formerly held by China's Fanya Metal Exchange was sold on Saturday, in a second attempt, as Kunming Rongke New Materials bid around $416 million for the hoard.. . .  Full story


Shares set fresh records, lifted by U.S. housing data

17/01 Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro. . .  Full story

C$ weakens amid risk currency moves will concern Bank of Canada

17/01 The Canadian dollar weakened against its U.S. counterpart on Friday, as the greenback broadly rose and investors saw risk that the Bank of Canada would remark on the loonie's recent appreciation at an interest. . .  Full story

Strong China data powers rally in Latam markets

17/01 The Mexican peso scaled a more than one-year high on Thursday as Latin American currencies rallied after stronger-than-expected economic data from China fueled optimism about global growth in the wake of a Sino-U.S. trade truce.. . .  Full story


Rwanda GDP to grow 8% in 2020 -IMF

11h38 Rwanda's economy is expected to grow by 8% this year and in 2021 versus an estimated 8.5% in 2019, boosted by private investment and trade, the International Monetary Fund (IMF) said.. . .  Full story

Mozambique's do Rosário stays on as prime minister in trimmed cabinet

17/01 Mozambique's President Filipe Nyusi kept Carlos Agostinho do Rosário as prime minister and Adriano Maleiane as minister of finance on Friday as he appointed a new, leaner cabinet.. . .  Full story

Amid Kenya power struggle, IMF says investment programme in crisis

17/01 Hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10 billion to revive them, the IMF said in a report whose findings point to a growing. . .  Full story


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