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South Africa's Massmart hit by lower sales, earnings warning

22/01 Shares in Massmart Holdings Ltd fell more than 21 percent on Tuesday after the South African retailer posted lower-than-expected full-year sales and said it expected its headline earnings to drop by. . .  Full story

MTN has paid $53 mln to settle Nigeria dispute -central bank

22/01 South Africa's MTN has paid $53 million to settle a money transfer dispute with Nigeria's central bank and the matter has been withdrawn from court, Governor Godwin Emefiele said on Tuesday.. . .  Full story

S.Africa's Multichoice sweetens Naspers split with dividend plan

21/01 Africa's biggest pay-TV business Multichoice plans to pay a 2.5 billion rand ($181 million) dividend two years after leaving its parent of three decades - media and e-commerce group Naspers - and pursuing a listing. . .  Full story

S.African strike and Angola stifle Shoprite sales, shares fall

22/01 Supermarket operator and furniture retailer Shoprite reported flat half-year sales on Tuesday, held back by a strike at its largest distribution centre in South Africa and sharp currency devaluations elsewhere in Africa.. . .  Full story

S.Africa's AMCU issues further strike threat to Sibanye

22/01 A South African union representing just under half of all workers at Sibanye-Stillwater's platinum mine will extend a one-day strike if the company does not return to the negotiating table, its. . .  Full story

South Africa's Gold Fields denies rumours of merger with AngloGold

22/01 South Africa's Gold Fields said on Tuesday that rumours it was looking to merge with rival bullion firm AngloGold Ashanti were "absolutely false" after shares of both companies firmed on speculation. . .  Full story

South African Markets - Factors to watch on Jan 23

07h47 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

South Africa's rand slips on global growth fears

22/01 The South African rand slipped on Tuesday, as fears about the health of the global economy dampened appetite for riskier emerging market assets.. . .  Full story

South Africa's consumer inflation slows to 4.5 pct yr/yr in December

11h29 South Africa's headline consumer inflation slowed to 4.5 percent year on year in December from 5.2 percent in the previous month, in line with expectations of economists polled by Reuters, data. . .  Full story

Promotions lift South Africa's Clicks 20-week sales

22/01 South Africa's retail pharmacy group Clicks reported a 7.8 percent increase in 20-week sales on Tuesday as health and beauty products appealed to thrifty consumers in a deteriorating consumer spending environment.. . .  Full story

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Naspers - unbundling and listing of MultiChoice

21/01 Further to the announcement issued by Naspers on the JSE's Stock Exchange News Service ("SENS") on 17 September 2018, Naspers proposes to unbundle its video entertainment business ("Business") currently held by. . .  Full story

S.Africa's Multichoice sweetens Naspers split with dividend plan

21/01 Africa's biggest pay-TV business Multichoice plans to pay a 2.5 billion rand ($181 million) dividend two years after leaving its parent of three decades - media and e-commerce group Naspers - and pursuing a listing. . .  Full story

S.Africa's Shoprite to appeal $1.4 million competition fine

21/01 South Africa's Shoprite said on Monday it would appeal against a 20 million rand ($1.4 million) fine handed to its ticket-selling subsidiary by the country's Competition Tribunal, which found agreements signed. . .  Full story

MTN has paid $53 mln to settle Nigeria dispute -central bank

22/01 South Africa's MTN has paid $53 million to settle a money transfer dispute with Nigeria's central bank and the matter has been withdrawn from court, Governor Godwin Emefiele said on Tuesday.. . .  Full story

South Africa's Massmart hit by lower sales, earnings warning

22/01 Shares in Massmart Holdings Ltd fell more than 21 percent on Tuesday after the South African retailer posted lower-than-expected full-year sales and said it expected its headline earnings to drop by up to 44 percent.. . .  Full story

Saudi Arabia plans oil refinery, petrochemicals plant in S.Africa

18/01 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said. . .  Full story

Steinhoff says firm linked to former partner claims it is owed $330 mln

22/01 South African retailer International Holdings N.V. said on Tuesday a former partner firm of its European operations claims it is owed about 291 million euros ($331 million) by the company.. . .  Full story

S.Africa's Multichoice plans inaugural dividend of $181 million

21/01 Africa's biggest pay-TV business Multichoice intends to pay a 2.5 billion rand ($181 million) dividend in 2020 after it has been unbundled from its parent, Naspers, its chief financial officer said on Monday.. . .  Full story

Clover - further cautionary announcement

21/01 Shareholders are referred to the cautionary announcement released on the Stock Exchange News Service on 19 October 2018 and a further cautionary announcement released on 30 November 2018, advising of the. . .  Full story

S.African strike and Angola stifle Shoprite sales, shares fall

22/01 Supermarket operator and furniture retailer Shoprite reported flat half-year sales on Tuesday, held back by a strike at its largest distribution centre in South Africa and sharp currency devaluations elsewhere. . .  Full story

Most Read This Month

Saudi Arabia plans oil refinery, petrochemicals plant in S.Africa

18/01 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said. . .  Full story

Naspers - unbundling and llisting of MultiChoice

16/01 Further to the announcement issued by Naspers on the JSE's Stock Exchange News Service ("SENS") on 17 September 2018, when Naspers announced its intention to list its Video Entertainment business by. . .  Full story

Naspers - unbundling and listing of MultiChoice

21/01 Further to the announcement issued by Naspers on the JSE's Stock Exchange News Service ("SENS") on 17 September 2018, Naspers proposes to unbundle its video entertainment business ("Business") currently held by. . .  Full story

Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans

04/01 Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges of involvement in a fraud involving $2 billion in loans to state-owned companies in Mozambique,. . .  Full story

South Africa's Woolworths hit by sluggish sales, earnings warning

17/01 Shares in Woolworths fell more than 8 percent on Thursday after the South African department store operator posted slower half-year sales growth and said it expected its headline earnings to drop. . .  Full story

End to Nigerian dispute lifts shares in South Africa's MTN

27/12 Shares in South African telecoms giant MTN jumped 8 percent on Thursday after it settled a row with Nigeria's central bank for a fraction of the $8.1 billion it had threatened. . .  Full story

S.Africa's Shoprite to appeal $1.4 million competition fine

21/01 South Africa's Shoprite said on Monday it would appeal against a 20 million rand ($1.4 million) fine handed to its ticket-selling subsidiary by the country's Competition Tribunal, which found agreements signed by the firm had. . .  Full story

South African rand falls after rate decision; stocks down

17/01 South Africa's rand fell against the dollar on Thursday after the central bank left interest rates unchanged and sounded less hawkish, citing an improved inflation outlook.. . .  Full story

U.S. yield curve to invert in 2019, recession to follow

13/12 The U.S. Treasury yield curve will invert next year, possibly within the next six months, much earlier than forecast just three months ago, with a recession to follow as soon as a year after. . .  Full story

S.Africa's Multichoice sweetens Naspers split with dividend plan

21/01 Africa's biggest pay-TV business Multichoice plans to pay a 2.5 billion rand ($181 million) dividend two years after leaving its parent of three decades - media and e-commerce group Naspers - and pursuing a listing. . .  Full story

South Africa's Woolworths pulls baby carriers after copying scandal

10/01 South African retailer Woolworths has removed a baby carrier from its shelves, admitting it had "striking similarities" to a product offered by a small boutique retailer.. . .  Full story

Company led by ex-MTN CEO Wood exits Nigerian venture 9mobile: sources

10/01 A firm led by Adrian Wood, the former chief executive of South African telecoms giant MTN Group Ltd, has pulled out of its Nigerian telecoms venture 9mobile, two people familiar with. . .  Full story

Japanese yen soars as 'flash crash' sweeps currency market

03/01 The Japanese yen soared in early Asian trading on Thursday as the break of key technical levels triggered massive stop-loss sales of the U.S. and Australian dollars in very thin markets.. . .  Full story

South Africa's rand up 1 percent on U.S. rate cut bets

04/01 South Africa's rand firmed to a two-week best on Friday as emerging markets were boosted by increased expectations of the United States central bank cutting lending rates this year.. . .  Full story

Investors plough billions into stocks, bonds and EM assets as risk appetite returns - BAML

11/01 Global investors ploughed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chairman Jerome Powell.. . .  Full story

South Africa's Massmart hit by lower sales, earnings warning

22/01 Shares in Massmart Holdings Ltd fell more than 21 percent on Tuesday after the South African retailer posted lower-than-expected full-year sales and said it expected its headline earnings to drop by up to 44 percent.. . .  Full story

Zimbabwe plans new currency as dollar shortage bites - finance minister

12/01 Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced businesses to close.. . .  Full story

South Africa's Distell to set up new firm for premium wine business

15/01 South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple. . .  Full story

SocGen and Absa join forces on wholesale banking in Africa

18/01 French bank Societe Generale and South Africa's Absa joined forces in Africa on Friday, partnering on corporate and investment banking to broaden their reach across the continent.. . .  Full story

South Africa's rand inches higher, stocks slide

02/01 South Africa's rand traded firmer early on Wednesday, benefiting from a weaker dollar and optimism over a possible resolution to the trade war between the United States and China.. . .  Full story

Apple's shock warning sends investors to safe-haven assets

03/01 A revenue warning from Apple Inc rocked equity markets around the globe on Thursday as concerns over the damaging China-U.S. trade battle and its impact on world economic growth boosted assets considered safer investments, such. . .  Full story

South Africa's trade balance swings to 3.5 bln rand surplus in November

28/12 South Africa's trade deficit swung to 3.49 billion rand ($242.92 million)surplus in November from a revised 4.28 billion rand deficit in October, official data showed on Friday.. . .  Full story

Goldman models risk of 1000 bps Eskom blowout for S.Africa

15/01 Investment bank Goldman Sachs said South Africa's rand could tumble 3.5 percent if state-run power utility Eskom suffers a major sell-off in its bonds, but it could also jump 4.5 percent. . .  Full story

S.Africa's Mr Price posts slow Q3 sales growth on lower clothes, Black Friday sales

17/01 South African retailer Mr Price Group Ltd reported a much slower sales growth for the third quarter, as financially constrained consumers spent less on clothes during the crucial months of November. . .  Full story

MTN has paid $53 mln to settle Nigeria dispute -central bank

22/01 South Africa's MTN has paid $53 million to settle a money transfer dispute with Nigeria's central bank and the matter has been withdrawn from court, Governor Godwin Emefiele said on Tuesday.. . .  Full story

South Africa's Steinhoff says creditor challenges debt restructuring

11/01 South African retailer Steinhoff said on Thursday a creditor is challenging the company's plans to restructure its convertible debt into new secured loans.. . .  Full story

Three reasons gold may be about to run with the bulls: Russell

14/01 The three legs that supported gold's extended rally from just after the 2008 global recession until the all-time peak in 2011 may be making something of a comeback this year.. . .  Full story

GRAPHIC-Bond market "recession gauge" falters outside United States

24/12 An inverted government bond yield curve is a fairly reliable omen of recession in the United States but its track record elsewhere is less impressive, including in major economies such as Germany and Japan.. . .  Full story