Most Read Today

South Africa's Sasol delays results due to U.S. project glitch

16/08 Sasol Ltd delayed the release of its annual financial results on Friday due to possible "control weaknesses" at its U.S. ethane cracker project, sending shares in the chemicals and energy company down by more than. . .  Full story

Sanlam - trading statement

16/08 Shareholders are advised that Sanlam is currently compiling its results for the six months ended 30 June 2019. This trading statement provides an indication of a range for headline earnings per. . .  Full story

Truworths to close up to 15 loss-making UK Office shoe stores

16/08 South Africa's Truworths International Ltd will close up to 15 of its loss-making Office stores in the UK, its CEO said on Friday, with an overhaul of the remainder of the. . .  Full story

Hong Kong protesters throng streets in heat and heavy rain

14h40 Hundreds of thousands of anti-government protesters joined a mass rally in Hong Kong on Sunday, filling major thoroughfares in heavy rain in the eleventh week of what have been often violent demonstrations in the Asian. . .  Full story

Veteran UK politicians asked to lead potential anti-Brexit government

16/08 Veteran British lawmakers from the ruling Conservative and opposition Labour parties have both said they would be willing to lead an emergency government to halt a no-deal Brexit, the leader of the pro-EU Liberal Democrats. . .  Full story

Last orders: Rise of closing auctions stirs worries in European stock markets

01h01 The final five minutes of trading have become the busiest time of day for stock market traders in Europe.. . .  Full story

Wall St Week Ahead-Lower rates could boost housing stocks, but risks remain

15h00 Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to. . .  Full story

South Africa's rand firms as investors await next bout of weakness

16/08 South Africa's rand was firmer early on Friday, adding to the previous session's gains in a recovery driven mainly by investors covering their short positions in anticipation of sharper falls as. . .  Full story

Resilient final results June 2019

16/08 Total revenue for the period was recorded at R3.8 billion (2018: R3.9 billion), profit before net finance costs turned around to R5.9 billion (2018: loss of R2.7 billion) and profit. . .  Full story

Most Read Yesterday

South Africa's Sasol delays results due to U.S. project glitch

16/08 South Africa-based chemicals and energy company Sasol Ltd said on Friday it would delay the release of its 2019 financial results due to possible "control weaknesses" at its U.S. ethane cracker project.. . .  Full story

Resilient final results June 2019

16/08 Total revenue for the period was recorded at R3.8 billion (2018: R3.9 billion), profit before net finance costs turned around to R5.9 billion (2018: loss of R2.7 billion) and profit. . .  Full story

Sanlam - trading statement

16/08 Shareholders are advised that Sanlam is currently compiling its results for the six months ended 30 June 2019. This trading statement provides an indication of a range for headline earnings per. . .  Full story

Truworths to close up to 15 loss-making UK Office shoe stores

16/08 South Africa's Truworths International Ltd will close up to 15 of its loss-making Office stores in the UK, its CEO said on Friday, with an overhaul of the remainder of the. . .  Full story

Grrindrod

16/08 The Grindrod board completed its strategic review during the first half of 2019 providing clear direction on the future of the company. The Freight Services business will focus on trade corridors. . .  Full story

Trump held conference call with big bank CEOs amid market turmoil -source

16/08 President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter. . .  Full story

South Africa's rand firms as investors await next bout of weakness

16/08 South Africa's rand was firmer early on Friday, adding to the previous session's gains in a recovery driven mainly by investors covering their short positions in anticipation of sharper falls as local and global growth. . .  Full story

Vodacom to invest more than $589 mln on South Africa network this year

16/08 South African mobile phone operator Vodacom Group will spend more than 9 billion rand ($589 million) this year on network enhancements particularly in rural areas in its home market, its Chief. . .  Full story

UK judge to allow firm to try to seize $9 bln in Nigerian assets in gas dispute

16/08 A judge in London said on Friday he would grant a firm called Process and Industrial Developments Ltd (P&ID) the right to seek to seize some $9 billion in assets from the Nigerian government. . .  Full story

South African retailer TFG to review Kenya, Ghana stores

15/08 South African fashion retailer TFG will decide next year whether to continue trading in Kenya and Ghana where it has at least six stores in each market, Chief Executive Officer Anthony Thunstrom said on Thursday.. . .  Full story

Most Read This Month

South Africa's rand, bonds tumble as Moody's Eskom warning sours sentiment

26/07 South Africa's rand tumbled to its weakest in three weeks on Friday, while the cost of government and power utility Eskom's debt shot up as the risk grew of a credit. . .  Full story

African cattle investing - the new cash cow?

29/07 Cattle have long been considered a measure of wealth across Africa - but it is not just farmers cashing in.. . .  Full story

Steinhoff's 'only way to survive': slim down, sell assets

13/08 Scandal-hit Steinhoff's only hope for survival is to sell off assets to become a retail-focused holding company, it said on Tuesday, as it fights to recover from a $7 billion accounting fraud and share price. . .  Full story

Fitch downgrades outlook on South Africa's credit rating

26/07 Ratings agency Fitch downgraded the outlook for South Africa's sub-investment credit rating on Friday, citing fiscal pressures including increased support for struggling state firms such as the power utility Eskom.. . .  Full story

Stocks, oil tumble as Trump escalates trade war with China

01/08 U.S. President Donald Trump sent financial markets reeling on Thursday when he announced additional tariffs on Chinese products, as traders worried not only about the escalation of the trade war but also the effect on. . .  Full story

South Africa's rand slips to new 11-month worst as local politics weigh

12/08 South Africa's rand weakened on Monday, stretching losses to a new 11-month low as political uncertainty and a bleak economic outlook was worsened by uncertainty over the chances of a resolution to the trade standoff. . .  Full story

S.African treasury says it is aware of Eskom risk after Fitch cuts outlook

26/07 South Africa is aware of the "strain and risk" posed by failing state firms, particularly Eskom, and will do more to contain debt, National Treasury said on Friday after the ratings. . .  Full story

Moody's says new Eskom support credit negative for S.Africa

25/07 Rating agency Moody's said the South African government's proposal to provide additional financial support to struggling state-run power firm Eskom was "credit negative" for the sovereign as it was a further. . .  Full story

South Africa's Sasol delays results due to U.S. project glitch

16/08 Sasol Ltd delayed the release of its annual financial results on Friday due to possible "control weaknesses" at its U.S. ethane cracker project, sending shares in the chemicals and energy company down by more than. . .  Full story

South African court rules Old Mutual CEO dismissal unlawful

30/07 Shares in South Africa's Old Mutual fell on Tuesday after a High Court judge ruled that the company's suspension and subsequent dismissal of CEO Peter Moyo earlier this year was unlawful. . .  Full story

PepsiCo to buy South Africa's Pioneer Food for $1.7 bln

19/07 PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit. . .  Full story

S.Africa debt "becoming uncomfortable", but no bailout requested - IMF

15/08 South Africa's public debt, which is approaching rating agencies' red line of 60% of economic output, is reaching uncomfortable levels, an IMF official said on Thursday.. . .  Full story

Woolworths sees annual profit hit, writes down Australian business

01/08 South Africa's Woolworths Holdings expects annual earnings to decline and has written down the value of its David Jones business, which is struggling to contend with subdued consumer spending in a. . .  Full story

South African stocks approach six months low as recession fears rise

14/08 South African stocks slipped to a near six-month low on Wednesday after the U.S. Treasury bond yield curve inverted for the first time since 2007, reflecting concerns over the outlook for the world's biggest economy.. . .  Full story

Nedbank interim results June 2019

06/08 Net interest income for the interim period increased by 9.9% to R13.4 billion (2018: R12.7 billion), operating income rose 2.7% to R21.4 billion (2018: R20.8 billion), while profit attributable to ordinary. . .  Full story

South Africa's Eskom urgently needs turnaround plan: Moody's

06/08 South Africa's state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable, credit ratings agency Moody's said on Tuesday in a report which sent the rand. . .  Full story

Nedbank demands action on ecomomy as South African profit stagnates

06/08 Nedbank called for more urgent government action to fix South Africa's struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined.. . .  Full story

South Africa's rand hits 7-week low as trade tensions heat up

05/08 South Africa's rand slipped to seven-week lows against the dollar on Monday, as prospects of a sharp escalation in the U.S.-China trade war turned investors risk-averse.. . .  Full story

British American Tobacco's takeover of Twisp wins S.Africa approval

13/08 British American Tobacco's (BAT) proposed takeover of e-cigarette maker Twisp won approval from South Africa's Competition Tribunal on Tuesday after the UK-based group agreed to a series of conditions.. . .  Full story

S.African education firm Curro to invest $14 mln in 4 new campuses

14/08 South African private education firm Curro Holdings will invest 223 million rand ($14.66 million) in opening four new campuses, it said on Wednesday, after reporting a 44% rise in half-year headline earnings.. . .  Full story

South African sugar producer Tongaat to delist from LSE

02/08 South African sugar producer Tongaat Hulett will delist its shares from the London Stock Exchange to cut costs and streamline its shareholding structure amid low trading volumes in the London-listed stock, the company said on. . .  Full story

Aspen: Plunges as $9.65 mln fine adds to debt concerns

14/08 hares of South African pharma group Aspen Pharmacare slide 6.28% to 69.83 rand. . .  Full story

Quilter interim results June 2019

05/08 Total revenue for the interim period shot up to GBP5.5 billion (GBP772 million) whilst loss attributable to equity holders came in at GBP17 million (GBP342 million). In addition, headline loss per. . .  Full story

Ramaphosa is "last hope" for South Africa, Chinese diplomat says

29/07 South African President Cyril Ramaphosa is the "last hope" for Africa's most advanced economy, but his government must turn incentive policies into laws to secure more Chinese investment, a senior Chinese diplomat told Reuters.. . .  Full story

South African court blocks Zambian plan to sell Vedanta copper mine

23/07 South Africa's High Court on Tuesday has ordered the Zambian government to halt the sale of Vedanta Resources's majority-owned Konkola Copper Mines (KCM) until a final decision is made through arbitration.. . .  Full story

South Africa's trade surplus widens in June

31/07 South Africa recorded a 4.42 billion rand ($310.61 million) trade surplus in June after a revised 1.70 billion rand surplus in May, data from the revenue service showed on Wednesday.. . .  Full story

South Africa's Shoprite shares surge on improved H2 sales

30/07 Shares in Shoprite Holdings surged 15% on Tuesday after Africa's largest supermarket chain forecast an improved second half on solid sales in its South African home market though it warned annual earnings were set to. . .  Full story

South Africa's Astral Foods CEO to take extended leave after surgery

14/08 South African poultry producer Astral Foods on Wednesday said its CEO will take extended leave to recuperate after cardiovascular surgery.. . .  Full story

South Africa expects lower tax revenues, higher borrowing this year -finmin

23/07 South Africa's 2019/20 tax revenues could be "significantly lower" than budgeted for and it may need to borrow more than planned, Finance Minister Tito Mboweni said on Tuesday, also citing the. . .  Full story

South Africa's central bank governor says will go to war to protect independence

07/08 South Africa Reserve Bank Governor Lesetja Kganyago said on Wednesday he will fight to protect the central bank's independence if it is jeopardised by plans to bring it into public ownership.. . .  Full story