SA Business

S.African rand firms in volatile trade, stocks fall

14/01 The South African rand strengthened on Friday, but lost some of its early gains as the dollar regained some ground.. . .  Full story

S.African unions get green light to strike at Sibanye-Stillwater gold mines

14/01 South Africa's labour arbitration body has cleared unions to give Sibanye-Stillwater notice of a strike after the two sides failed to resolve a dispute over wages for gold mine workers, the company said on Friday.. . .  Full story

African Markets - Factors to watch on Jan 14

14/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.. . .  Full story

African Markets - Factors to watch on Jan 13

13/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.. . .  Full story

South African rand gains as dollar falls on U.S. inflation data

12/01 The South African rand advanced on Wednesday as the dollar fell against other currencies, following U.S. inflation data which was in line with economists' expectations.. . .  Full story

African Markets - Factors to watch on Jan 12

12/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.. . .  Full story

Yields mostly fall in weekly South African government bond auction

11/01 South Africa's government sold a total of 3.9 billion rand ($250.5 million) of its 2030 , 2037 and 2044 bonds on Tuesday. Yields were mostly lower compared with the previous auctions.. . .  Full story

South African studies suggest Omicron has higher 'asymptomatic carriage'

11/01 Preliminary findings from two South African clinical trials suggest the Omicron coronavirus variant has a much higher rate of "asymptomatic carriage" than earlier variants, which could explain why it has spread so rapidly across the. . .  Full story

African Markets - Factors to watch on Jan 11

11/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.. . .  Full story

Barrick Gold says Mali mines unaffected by ECOWAS sanctions

10/01 Barrick Gold, which owns Mali's biggest gold mine complex Loulo-Gounkoto, said on Monday its mines in the country have "thus far not been affected" by sanctions imposed by the Economic Community of West African States.. . .  Full story

S.African rand weakens on bets U.S. data will bolster Fed hike case

10/01 The South African rand weakened on Monday as the dollar strengthened on bets that U.S. inflation data later this week will bolster the argument for the Federal Reserve to raise interest rates.. . .  Full story

African Markets - Factors to watch on Jan 10

10/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.. . .  Full story

S.Africa telco MTN sides with regulator in spectrum auction rift

07/01 South Africa's MTN Group said on Friday it has opposed a court application by rival Telkom SA seeking to halt a spectrum auction, in bid to prevent further delays to a process that has. . .  Full story

South African rand gains as mixed U.S. jobs report dents dollar

07/01 The South African rand advanced further on Friday, taking this week's gains to more than 2% against the dollar, as the greenback dipped on a mixed U.S. jobs report.. . .  Full story

African Markets - Factors to watch on Jan 7

07/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.. . .  Full story

South Africa's rand boosted by local rate hike bets; stocks fall

06/01 The South African rand strengthened on Thursday, supported by bets that the central bank will hike interest rates early this year.. . .  Full story

S.Africa regulator lambasts Telkom for stalling spectrum auction

06/01 South Africa's telecoms regulator ICASA has lambasted Telkom for taking it to court once again, saying the mobile operator appears "hellbent" on stalling its efforts to licence much needed high demand spectrum.. . .  Full story

African Markets - Factors to watch on Jan 6

06/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.. . .  Full story

South African rand rallies before Fed minutes

05/01 The South African rand rallied on Wednesday, recovering from the previous day's losses, as the dollar dipped and safe-haven gold gained before the release of minutes from the Federal Reserve's latest policy meeting.. . .  Full story

South Africa's Telkom asks court to stop spectrum auction again

05/01 South Africa's Telkom is seeking an urgent court order to prevent telecoms regulator ICASA holding a spectrum auction in March, which would further delay the country's rollout of 5G and expansion of 4G capacity already. . .  Full story

South African factory activity shrinks in Dec on Omicron worries -PMI

05/01 South African private sector activity contracted in December as concerns about rising COVID-19 cases driven by the Omicron variant and tighter travel restrictions hurt demand, a survey showed on Wednesday.. . .  Full story

African Markets - Factors to watch on Jan 5

05/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.. . .  Full story

South African Breweries may require staff to have COVID-19 vaccines

04/01 South African Breweries (SAB), part of Anheuser-Busch InBev, said on Tuesday it was looking at making COVID-19 vaccinations mandatory for staff across its operations, the latest company in South Africa to consider such a move.. . .  Full story

African Markets - Factors to watch on Jan 4

04/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.. . .  Full story

South African rand starts 2022 stronger on upbeat global mood

03/01 The South African rand strengthened on Monday, the first trading day of 2022, as an upbeat mood lifted assets globally.. . .  Full story

African Markets - Factors to watch on Jan 3

03/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.. . .  Full story

South African stocks ease on Friday but end the year up 21%

31/12 South Africa's stocks closed lower on Friday, retreating in thin holiday volume from record highs set the previous day on receding Omicron fears, but still ended the year more than 21% higher.. . .  Full story

African Markets - Factors to watch on Dec 31

31/12 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.. . .  Full story

Stocks firm on Europe's last full trading day of 2021

30/12 European shares ended higher on Thursday on hopes fresh curbs and restrictions may not be needed to fight the pandemic going into the new year, but a surge in COVID-19 cases due to the. . .  Full story

South Africa's November budget deficit at 21.78 bln rand

30/12 South Africa recorded a budget of 21.78 billion rand ($1.37 billion) in November, compared with a shortfall of 21.40 billion rand in the same month last year, National Treasury data showed on Thursday.. . .  Full story

Thai baht, Malaysian ringgit lead Asian FX gains; stocks slip

30/12 The Thai baht and the Malaysian ringgit firmed on Thursday as Asian currencies benefited from receding worries surrounding the Omicron coronavirus variant, although most stock markets dipped in the last trading session of the year. . .  Full story

African Markets - Factors to watch on Dec 30

30/12 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.. . .  Full story

South Africa's rand inches down in thin holiday trading

29/12 South Africa's rand inched lower against the dollar on Wednesday, as the currency struggled to make gains in holiday-thinned trade in the last week of 2021 despite increased appetite for riskier assets globally.. . .  Full story

African Markets - Factors to watch on Dec 29

29/12 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.. . .  Full story

South African stocks climb on strong commodity prices

28/12 South Africa's stocks firmed on Tuesday, boosted by strong commodity prices, with a year-end rally taking bullion to a more than one-month high.. . .  Full story

South Africa's trade surplus widens to $2.28 bln in November

28/12 South Africa's trade surplus widened to 35.83 billion rand ($2.28 billion) in November from a revised surplus of 27.68 billion rand in October, data from the revenue service showed on Tuesday.. . .  Full story

S.African court halts Shell's offshore seismic survey

28/12 A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from. . .  Full story

Offshore investors net sellers of South African stocks, bonds

28/12 Offshore investors sold a net of 4.28 billion rand ($275.14 million) of South African stocks last week and 1.25 billion rand in bonds, data from the Johannesburg Stock Exchange showed on Tuesday. STOCKS. . .  Full story

African Markets - Factors to watch on Dec 27

27/12 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.. . .  Full story

Zimbabwe inflation quickens to 60.74% y/y in December - stats office

24/12 Zimbabwe's annual inflation quickened to 60.74% year on year in December from 58.4% in November, national statistics office Zimstat said on Friday.. . .  Full story

South Africa to roll out COVID-19 boosters immediately

24/12 South Africa will start offering booster shots of Johnson & Johnson's (J&J) COVID-19 vaccine from Friday, the health department said in a statement, following its approval for use as a booster by the health regulator. . .  Full story

South African rand and stocks ride global rally

23/12 The South African rand strengthened against the dollar in thin trade on Thursday, as investors continued to buy riskier assets on expectations that the Omicron variant's impact on the global economy would be less severe. . .  Full story

Japanese shares end higher on Wall St boost, airlines shine

23/12 Japanese shares ended higher on Thursday, tracking a strong overnight finish on Wall Street, while positive data from a South African study on the Omicron COVID-19 variant lifted airline stocks.. . .  Full story

Japanese shares track Wall Street higher, Omicron concerns weigh

23/12 Japanese shares rose on Thursday as a strong overnight finish on Wall Street lifted investor sentiment, but concerns over the domestic spread of the Omicron COVID-19 variant capped gains.. . .  Full story

Wall St mints strong gains on rosy economic data, encouraging Omicron update

22/12 Wall Street's main indexes powered higher on Wednesday in a broad rally after upbeat economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.. . .  Full story

Insurers Sanlam and Allianz exploring options for Africa operations

22/12 African insurer Sanlam Ltd said on Wednesday it was exploring "strategic alternatives" with Germany's Allianz SE for their respective African businesses, excluding Sanlam's home market of South Africa.. . .  Full story

South Africa's stocks firm as risk appetite improves, rand weakens

21/12 South Africa's stocks rebounded on Tuesday, as market appetite for risk assets improved after a selloff in global markets, though a surge in COVID-19 cases kept investors worried about the near-term economic outlook.. . .  Full story

South Africa's Massmart flags wider annual loss due to looting

21/12 South African retailer Massmart Holdings flagged on Tuesday a wider annual loss, due to store damages and lost trading income suffered due to looting in July during protests over former President Jacob Zuma's imprisonment.. . .  Full story