Most Read Today

South Africa's Ramaphosa outlines stimulus plan for ailing economy

21/09 South Africa's president announced a multi-billion-dollar stimulus programme on Friday, earmarking funds for job creation and infrastructure development as he seeks to make good on a pledge to revive the country's. . .  Full story

Dow hits new closing high ahead of index reshuffle

21/09 Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.. . .  Full story

South Africa's cabinet approves new mining charter

20/09 South Africa's cabinet approved a long-delayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister said on. . .  Full story

U.S. companies react on impact of Trump trade tariffs

21/09 China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its tariff list, retaliating to U.S. President Donald Trump's planned levies on. . .  Full story

Wall St Week Ahead-Volume spikes on sector reshuffle, quadruple witching

21/09 An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days. . .  Full story

Insimbi - trading statement

21/09 The six month period ended 31 August 2018 was a period of two financial quarters, the first quarter 1st March 2018 to 31st May 2018, was an extremely difficult one during. . .  Full story

Citigroup pays $12 mln to settle dark pool probe

14/09 Citigroup Inc on Friday was ordered to pay more than $12 million by U.S. regulators after it was found that the bank's investment banking and financial advisory unit misled users of a "dark pool". . .  Full story

FOCUS-Caterpillar leans on old playbook to cope with Trump tariffs

21/09 Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than. . .  Full story

Sterling slide cements FTSE 100 rally while Just Eat wilts

21/09 A slide in sterling after a speech by Prime Minister Theresa May helped boost Britain's exporter-heavy FTSE 100 to a 2 1/2 week high, cementing a three-day rally driven by banks, miners and oil. . .  Full story

South Africa's Clicks CEO to retire, names insider as successor

21/09 South Africa health and beauty retailer Clicks Group said on Friday its Chief Executive Officer David Kneale was retiring and will be succeeded by insider Vikesh Ramsunder.. . .  Full story

Most Read Yesterday

South Africa's Ramaphosa outlines stimulus plan for ailing economy

21/09 South Africa's president announced a multi-billion-dollar stimulus programme on Friday, earmarking funds for job creation and infrastructure development as he seeks to make good on a pledge to revive the country's. . .  Full story

South Africa's cabinet approves new mining charter

20/09 South Africa's cabinet approved a long-delayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister said on Thursday.. . .  Full story

South Africa's Pick n Pay sees jump in HY profits

20/09 South African retailer Pick n Pay said on Thursday that it expects its half-year diluted headline earnings per share to increase by up to 85 percent largely due to cost savings from staff layoffs made. . .  Full story

South African central bank holds repo rate in tight call

20/09 South Africa's central bank left its benchmark repo rate at 6.5 percent on Thursday, with the bank's governor striking a more hawkish note than at the last rate meeting in July.. . .  Full story

South Africa rand weakens against rebounding greenback, stocks rise

21/09 South Africa's rand reversed earlier gains to fall 1 percent as the dollar firmed, with the local currency trimming gains partly caused by a raft of measures meant to revive the. . .  Full story

South Africa's Clicks CEO to retire, names insider as successor

21/09 South Africa health and beauty retailer Clicks Group said on Friday its Chief Executive Officer David Kneale was retiring and will be succeeded by insider Vikesh Ramsunder.. . .  Full story

South Africa's ruling party urges central bank to help poor

20/09 South Africa's ruling party on Thursday called on the central bank to help lift economic growth and help the poor, an hour after interest rates were left on hold.. . .  Full story

MTN shares rise after Nigeria says reviewing information to resolve $8.1 bln dispute

20/09 Shares in South Africa's MTN rose 5 percent on Thursday, after Nigeria's central bank said on Wednesday that it was reviewing information provided by the telecoms firm and four banks over a dispute on the. . .  Full story

South African rand firms on rate hold, dollar weakness; stocks up

20/09 South Africa's rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the U.S. currency slipped to its lowest. . .  Full story

South African Markets - Factors to watch on Sept. 21

21/09 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

Most Read This Month

Nigeria stuns MTN with $8.1 billion demand, shares plunge

30/08 MTN Group shares plunged as much as 25 percent to a nine year low on Thursday, a day after Nigeria ordered the telecoms group's Lagos-based business to hand over $8.1 billion that the authorities. . .  Full story

South Africa in recession for first time since 2009; rand slumps

04/09 South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa's efforts to revive the economy. . .  Full story

South Africa's Naspers plans to spin off, list pay-TV unit

17/09 South Africa's Naspers unveiled plans on Monday to spin off and list separately its pay-TV unit, its first major move aimed at narrowing a discount between its market value and the value of its stake. . .  Full story

South Africa to raise interest rates soon despite recession

13/09 South Africa's Reserve Bank will leave interest rates unchanged at 6.50 percent next week, 25 of 26 analysts predicted in a Reuters poll, after recent data showing the economy unexpectedly slipped. . .  Full story

S.Africa's Discovery strikes FirstRand deal to pay way for bank

04/09 Discovery Ltd has agreed to buy banking group FirstRand's 25.01 percent stake in a financial joint venture for $120 million, paving the way for the South African insurer to launch its own bank later this. . .  Full story

South Africa's Nedbank warns land expropriation could spark banking crisis

07/09 South Africa's plans to change the constitution to allow the expropriation of land without compensation could hit property prices and trigger a banking crisis, the chief executive of Nedbank told parliament on Friday.. . .  Full story

Ramaphosa says South Africa to recover from recession soon

06/09 South Africa will soon recover from recession, President Cyril Ramaphosa said on Thursday in his first reaction to news that undermines his effort to revive the economy and attract investment after a decade of stagnation.. . .  Full story

Naspers frees cash-rich Multichoice to take on Netflix & co

19/09 South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.. . .  Full story

White S.African workers protest against Sasol's black share scheme

03/09 Workers from South Africa's mainly-white Solidarity union staged a go-slow protest at the petrochemicals firm Sasol on Monday over a share scheme offered exclusively to black staff, and said they would. . .  Full story

South Africa's cabinet approves new mining charter

20/09 South Africa's cabinet approved a long-delayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister said on Thursday.. . .  Full story

Investec asset management spin off plan lifts shares

14/09 Investec cheered investors on Friday with plans to spin off its asset management unit in a surprise restructuring ahead of the departure after four decades of the South African firm's founder and chief executive.. . .  Full story

Steinhoff to meet to discuss asset sales, debt repayments

29/08 Steinhoff's board will meet over the next two days to discuss asset sales to boost cash flow and pay down debt, its chairwoman said on Wednesday, months after creditors of the. . .  Full story

Nigeria raises heat on South Africa's MTN with $2 bln tax bill

04/09 Nigeria landed MTN Group with a $2 billion tax bill on Tuesday, marking the South African mobile phone company's latest skirmish with authorities in its most lucrative market.. . .  Full story

South Africa may miss tax take target, says finance minister

10/09 South Africa's tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on. . .  Full story

Drugmaker Aspen sells baby milk business to dairy giant Lactalis

13/09 Aspen Pharmacare has agreed to sell its infant formula business to Lactalis for 12.9 billion rand ($865 million) to focus on core activities while the French buyer looks to revive its. . .  Full story

Naspers - listing of MultiChoice

17/09 Naspers announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new. . .  Full story

Steinhoff's former CEO says not aware of accounting irregularities

05/09 Steinhoff's former chief executive Markus Jooste was not aware of any accounting irregularities when he left the retailer in December, he told a South African parliamentary inquiry on Wednesday which is examining an accounting scandal. . .  Full story

Nigeria says whistleblower triggered MTN $8.1 bln probe -official

04/09 The office of Nigeria's attorney general said on Tuesday that a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for $8.1 billion taken out of Nigeria to. . .  Full story

Remgro final results June 2018

19/09 Sales from continuing operations grew to R31.1 billion (R27.6 billion) whilst trading profit jumped to R1.3 billion (R760 million). Net profit for the year from total operations attributable to equity holders. . .  Full story

South Africa's rand hits one-week low on EM woes; stocks dip on MTN

30/08 South Africa's rand tumbled to its weakest in more than a week on Thursday as financial crises in Turkey and Argentina rattled sentiment toward emerging markets and stoked another wave of selling on the. . .  Full story

South Africa's Clover triples FY profit, impairment hurts shares

12/09 Clover Industries' normalised annual profit more than tripled, the South African dairy company said on Wednesday, boosted by its exit from the milk business and a recovery from drought the previous. . .  Full story

Aspen - voluntary announcement

19/09 On 13 September 2018, Aspen released its results for the 2018 financial year which reported that Aspen had improved revenue by 3% to R42.6 billion and had grown normalised headline earnings. . .  Full story

South Africa's Old Mutual H1 profit flat; declares dividend

31/08 Old Mutual reported no growth in half-year profit on Friday as higher taxes and unemployment hit consumer spending, but the No.2 insurer in South Africa declared an interim dividend of 45. . .  Full story

Crisis-hit Steinhoff says nine-month sales rise 2 percent

31/08 Steinhoff reported a slight increase in nine-month sales on Friday as its managers remained preoccupied with cleaning up after an accounting fraud that nearly tipped the South African retailer into bankruptcy.. . .  Full story

South Africa scraps nuclear power expansion plans

27/08 South Africa has cancelled plans to add 9,600 megawatts (MW) of nuclear power by 2030 and will instead aim to add more capacity in natural gas, wind and other energy sources, the energy minister. . .  Full story

Investors flee risk as bear markets multiply - BAML

17/08 Investors pulled billions from equities this week, shifting into bonds and high dividend-yielding sectors as Turkey's currency crisis sparked a global selloff and emerging markets entered bear territory, an analysis of fund flows showed on. . .  Full story

Shares in South Africa's Aspen slump on sale of infant formula business

13/09 ** Shares in African drug maker Aspen Pharmacare slumped 10.71 percent to 243.32 rand ($16) after it announced the sale of its infant formula business. ** The company sold the business to French dairy group. . .  Full story

David Jones impairment knocks South Africa's Woolworths into annual loss

23/08 Shares in South African retailer Woolworths slid to a six-year low on Thursday after it reported a 3.5 billion rand ($239.13 million) annual post-tax loss, hurt by a hefty write-down on. . .  Full story

South Africa's rand shines after Turkish rate hike, Moody's comments

13/09 South Africa's rand raced to its highest in more than a week on Thursday, erasing all of the losses suffered after the economy slipped into recession, as a rate hike in Turkey and Moody's. . .  Full story

Old Mutual - second interim dividend

09/03 The Directors of Old Mutual plc (the ˘Company÷) have declared a second interim dividend for the year ended 31 December 2016 of 3.39p per share (the ˘Second Interim Dividend÷), which will. . .  Full story