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Barloworld's Automotive CEO Keith Rankin Resigns

27/02 Barloworld Ltd:  Full story

Strike pushes South African Airways to brink of collapse

20/11 South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the brink of financial collapse.  Full story

African Markets - Factors to watch on Dec. 4

04/12 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with Ch  Full story

 

SA Business

South Africa's rand steady shielded by trade deal optimism

11h01 South Africa's rand was barely changed in late trade on Friday, with fresh optimism over Sino-U.S. trade talks helping the currency to weather stronger employment numbers from the United States.. . .  Full story

New mining waste dam rules should not be retroactive, says review chief

06/12 New global standards for mining waste dams should take into account the difficulties of making existing dams compliant, the chair of an independent panel of experts crafting the new rules said on Friday.. . .  Full story

South Africa's power cuts may last the weekend if rain persists

06/12 Many South Africans could be without electricity this weekend if rain continues, state power utility Eskom said on Friday, after announcing it would cut up to 4,000 megawatts (MW) of power. . .  Full story
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SA Company

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

Losses more than double at South African construction group Aveng

29/08 South African construction group Aveng on Thursday said its net operating loss more than doubled in the latest financial year, highlighting the challenges the company faces as it embarks on a turnaround strategy.. . .  Full story
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Live News Wire

M&G suspends a second UK property fund

11h30 M&G's life and pensions arm said it has suspended a 164 million pound property fund, days after the British fund manager froze dealing in its 2.5 billion pound ($3.21 billion) flagship UK property fund.  Full story

U.S. health spending recovers after two slow years: CMS (Dec.5)

11h26 U.S. healthcare spending grew faster in 2018 after two slower growth years, a government health agency reported on Thursday.  Full story

Garuda Indonesia suspends directors linked to Harley Davidson smuggling -commissioner

10h33 Flag carrier PT Garuda Indonesia is suspending directors linked to the alleged smuggling of a Harley Davidson motorbike by its chief executive, the company's chief commissioner said on Saturday.  Full story
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Europe

Oil rises sharply this week as OPEC+ agrees on deeper output cuts

06/12 Oil prices rose more than 1% on Friday and posted sharp weekly gains after OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.. . .  Full story

Gold slips 1% after robust U.S. jobs data; palladium soars

06/12 Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would stand pat on interest rates and also boosted demand for riskier assets, while supply-squeezed palladium soared to. . .  Full story

Copper rises on U.S. jobs growth and China tariff rollback

06/12 Copper prices rose sharply on Friday after data unexpectedly showed U.S. employment rose at the fastest rate in 10 months in November, suggested the economy was not in danger of stalling.. . .  Full story
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US

Proxy adviser ISS opposes plan by Hudson's Bay chairman to take firm private

08h34 Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson's Bay Co to take the Saks Fifth Avenue owner private after the bid was topped by. . .  Full story

Trump calls for World Bank to stop loaning to China

05h50 U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington's objections.. . .  Full story

Mexico official lauds progress on trade deal but says work remains

04h22 Mexico's deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators made "good progress" to close the United States-Mexico-Canada Agreement (USMCA) trade deal, but many elements remained to be resolved.. . .  Full story
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Asia

BOJ to consider offering bleaker view on output as trade war bites - sources

06h31 The Bank of Japan will consider offering a bleaker assessment on factory output than in October at its rate review this month, sources said, underscoring its concern over the broadening fallout from the. . .  Full story

Saudi Aramco shares to start trading Dec. 11 - Tadawul exchange

06/12 Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.. . .  Full story

Asia Gold-India sees only modest demand from weddings, slight uptick in China

06/12 Demand for physical gold was moderate in India this week due to lower than usual wedding season buying, while top consumer China saw increased activity as wholesalers cleared out inventories into the year-end.. . .  Full story
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Forex

China's Nov forex reserves ease to $3.096 trillion, focus stays on trade talks

06h03 China's foreign exchange reserves fell $9 billion in November to $3.096 trillion, central bank data showed on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement.. . .  Full story

Snap poll shows UK PM Johnson narrowly won pre-election TV debate

06/12 A snap poll published after a pre-election BBC television debate between Prime Minister Boris Johnson and opposition Labour leader Jeremy Corbyn showed Johnson was narrowly considered to be the winner, Sky News said.. . .  Full story

UK ELECTION: YOUGOV SNAP POLL AFTER BBC LEADERS' DEBATE SHOWS PM JOHNSON WON ACCORDING TO 52% OF RESPONDENTS, LABOUR'S CORBYN ON 48%- SKY NEWS

06/12 . . .  Full story
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Africa

Geingob wins 56.3% of vote in Namibian presidential election - Electoral Commission

30/11 Namibia's incumbent President Hage Geingob has won 56.3% of the vote in the 2019 presidential election, the Electoral Commission of Namibia (ECN) said on Saturday.. . .  Full story

AfDB approves $210 mln loan for Nigeria's power transmission project

30/11 The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network.. . .  Full story

Kenyan shilling under pressure from end month importer demand

29/11 The Kenyan shilling was under pressure on Friday from end month dollar demand from merchandise importers and the energy sector, traders said. At 1003 GMT, commercial banks quoted the. . .  Full story
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