Most Read Today

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on Tuesday.. . .  Full story

No end date for South African power cuts as capacity shortages persist

19/03 South Africa's Public Enterprises Minister Pravin Gordhan said on Tuesday he cannot say yet when rolling blackouts will end, as power utility Eskom struggles with capacity shortages that threaten to thwart. . .  Full story

Inmarsat in $3.3 bln go-private transatlantic deal talks

19/03 Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private.. . .  Full story

Mexico and Brazil reach light-vehicle free trade agreement

19/03 Mexico's government said on Tuesday it had reached an agreement with Brazil on the free trade of light vehicles, subject to a 40 percent regional content requirement, paving the way for more open commerce between. . .  Full story

Former Steinhoff chairman Wiese open to talks over $4 bln claim

18/03 Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the. . .  Full story

S.Africa's Competition Tribunal approves Glencore's bid for Chevron subsidiary

15/03 South Africa's Competition Tribunal on Friday approved with conditions Glencore's proposed $973 million acquisition of Chevron Corp's subsidiary in the country.. . .  Full story

South African court blocks mine union's plan for industry-wide strike

15/03 South Africa's labour court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo. . .  Full story

Remgro interim results December 2018

19/03 Sales for the interim period increased to R30.3 billion (2017: R14 billion) whilst trading profit rose to R2.7 billion (2017: R741 million). Net profit for the period attributable to equity holders. . .  Full story

Auto rally powers European stocks to near six-month peak

19/03 European shares were on course for a fifth day of gains on Tuesday, powered by a strong rally in automakers after Peugeot suggested Fiat Chrysler was among the options for a merger, and as. . .  Full story

Palladium breaks above $1,600 in record run on supply woes

19/03 Palladium surged past $1,600 for the first time on Tuesday, in a seven-session rally, on expectations that strained supplies of the autocatalyst metal could worsen, while platinum soared 3 percent.. . .  Full story

Most Read Yesterday

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on Tuesday.. . .  Full story

Former Steinhoff chairman Wiese open to talks over $4 bln claim

18/03 Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the. . .  Full story

South Africa's power cuts to continue as Eskom battles shortages

18/03 South Africa's state utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa's efforts to boost investments and economic. . .  Full story

Remgro interim results December 2018

19/03 Sales for the interim period increased to R30.3 billion (2017: R14 billion) whilst trading profit rose to R2.7 billion (2017: R741 million). Net profit for the period attributable to equity holders. . .  Full story

No end date for South African power cuts as capacity shortages persist

19/03 South Africa's Public Enterprises Minister Pravin Gordhan said on Tuesday he cannot say yet when rolling blackouts will end, as power utility Eskom struggles with capacity shortages that threaten to thwart. . .  Full story

Palladium breaks above $1,600 in record run on supply woes

19/03 Palladium surged past $1,600 for the first time on Tuesday, in a seven-session rally, on expectations that strained supplies of the autocatalyst metal could worsen, while platinum soared 3 percent.. . .  Full story

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on. . .  Full story

ADvTECH final results December 2018

18/03 Revenue for the year increased 11% to R4.389 billion (2017: R3.938 billion), earnings before Interest, Taxation, Depreciation and Amortisation ("EBITDA") rose 14% to R942.1 million (2017: R823.3 million), profit for the. . .  Full story

Third time unlucky? Pound falls as parliament bans another vote on same Brexit deal

18/03 Sterling dropped below $1.32 on Monday after the speaker of Britain's parliament said Prime Minister Theresa May's Brexit deal could not be voted on again unless a different proposal was submitted.. . .  Full story

Zimbabwe seeks to raise $350 million selling shares in state firms

19/03 Zimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mthuli Ncube said on Tuesday.. . .  Full story

Most Read This Month

Aspen to split South African pharma business after disposal of non-core assets

07/03 Multinational drugmaker Aspen Pharmacare said it will split its South African Commercial Pharmaceuticals business into two divisions as it disposes of non-core assets to reduce its debt.. . .  Full story

Africa's top pay-TV group MultiChoice jumps 15 percent on JSE debut

27/02 Shares in Africa's biggest pay-TV group MultiChoice leapt around 15 percent on its market debut on Wednesday, launching the company straight into the top-40 firms on Johannesburg's bourse.. . .  Full story

Former Steinhoff chairman Wiese open to talks over $4 bln claim

18/03 Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating. . .  Full story

S.Africa's Group Five in business rescue after lenders pull plug

12/03 South African builder Group Five filed for bankruptcy protection on Tuesday after lenders pulled funding, threatening the collapse of one of the biggest names in the local construction industry and more. . .  Full story

Aspen interim results December 2018

07/03 Revenue for the interim period moved up by 1% to R19.7 billion (2017: R19.5 billion), gross profit grew 2% to R10.2 billion (2017: R10 billion) and operating profit was 6%. . .  Full story

Ethiopian plane smoked and shuddered before deadly plunge

11/03 The Ethiopian Airlines plane that crashed killing 157 people was making a strange rattling noise and trailed smoke and debris as it swerved above a field of panicked cows before hitting earth, according to witnesses.. . .  Full story

South Africa steps up power cuts after fault at new mega plant

14/03 South Africa's state utility Eskom stepped up power cuts on Thursday after a breakdown at its mammoth Kusile power plant project exacerbated a shortfall of generating capacity, reminding investors of. . .  Full story

South Africa's startup TymeBank could break even by 2022

27/02 TymeBank, one of several digital-only startups aiming to shake up South Africa's banking industry, could break even by 2022, the bank's executives said on Tuesday.. . .  Full story

Shares in S.Africa's Aspen plunge on debt, slow sale proceeds

08/03 Shares in Aspen Pharmacare lost almost a third of their value on Friday on concerns about ballooning debt at Africa's biggest drugmaker and delays in the sale of an infant formula. . .  Full story

South Africa appoints experts to lead Eskom reform

05/03 South Africa has appointed 11 industry experts to investigate failures at power company Eskom's ageing coal-fired stations and other breakdowns that have caused the worst electricity shortages in a decade, the. . .  Full story

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on Tuesday.. . .  Full story

South Africa's Standard Bank to cut around 1,200 jobs, close 91 branches

14/03 South African lender Standard Bank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank, it said on Thursday.. . .  Full story

S.Africa's Tsogo Sun CEO to retire, hotel business spin-off to go ahead

15/03 South African hotelier and casino operator Tsogo Sun said on Friday it is going ahead with the spinoff of its hotel business, as it announced its chief executive would retire in June.. . .  Full story

South Africa's power cuts to continue as Eskom battles shortages

18/03 South Africa's state utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa's efforts to boost investments and economic. . .  Full story

Consortium to take minority stake in South Africa's Cell C

22/02 Blue Label Telecoms said on Friday a consortium had agreed to take a minority stake in South Africa's third largest mobile carrier Cell C, of which it owns 45 percent.. . .  Full story

S.Africa's FirstRand CEO says likely to shrink branches

12/03 FirstRand will likely need to shrink its branch network over the next decade as South Africa's largest retail bank looks to digitise and adopt a platform model offering services beyond banking, CEO Alan Pullinger said. . .  Full story

Naspers - finalisation announcement

19/02 Naspers shareholders are referred to the announcement released on SENS on Monday, 21 January 2019 ("Naspers Unbundling Announcement") which set out the details of the proposed unbundling by Naspers of its. . .  Full story

Shares in South Africa's Tongaat fall to lowest level since 1993

11/03 Shares in South Africa's Tongaat Hulett fell more than 14 percent early on Monday, after its announcement last week that it had appointed PricewaterhouseCoopers (PwC) to review past accounting practices.. . .  Full story

S.Africa's FirstRand sees earnings increase from Discovery Card sale

22/02 FirstRand, one of South Africa's largest lenders, said on Friday it expects basic earnings per share for the first half of its financial year to increase between 22 percent and 24 percent.. . .  Full story

S.Africa's Old Mutual FY profit drops; co plans $138 mln buyback

11/03 Old Mutual Ltd posted a 12 percent drop in adjusted full-year profit on Monday, missing its 2018 targets as a sluggish economy weighed on South Africa's No.2 insurer's first year as. . .  Full story

South Africa's MTN slides on profit guidance below forecasts

01/03 Shares in MTN Group fell as much as 5.4 percent on Friday, a day after the South African mobile phone group announced guidance for annual profit that was lower than forecasts.. . .  Full story

Sasol interim results December 2018

25/02 Turnover for the interim period shot up to R102.9 billion (2017: R88.2 billion) and earnings before interest and tax (EBIT) rose to R20.8 billion (2017: R11.8 billion). Earnings for the period. . .  Full story

S.African rand's recent slump is over, risks priced in

07/03 The recent slump in South Africa's rand is over and the currency will hover around current levels in the coming year as investors shrug off credit rating reviews and domestic elections,. . .  Full story

Zimbabwe scraps bond note, U.S. dollar peg - central bank

20/02 Zimbabwe on Wednesday abandoned a peg that was supposed to ensure its quasi-currency bond note would trade at parity with the U.S. dollar, Central Bank Governor John Mangudya said.. . .  Full story

Old Mutual final results December 2018

11/03 Total revenue from continuing operations went down to R109.9 billion (R175.9 billion). Profit attributable to equity holders jumped to R36.6 billion (R14.4 billion). Furthermore, headline earnings per share grew to 306.9. . .  Full story

South Africa pledges $5 bln Eskom bailout as budget creaks

21/02 South Africa will bail out state utility Eskom with 69 billion rand ($4.9 billion) over three years, the centrepiece of a budget that exposed the limited room President Cyril Ramaphosa has. . .  Full story

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

S.African regulator grants Eskom smaller tariff hikes than sought

07/03 South Africa's energy regulator Nersa on Thursday granted struggling state power firm Eskom average power price increases that were far below what the utility had asked for, saying it aimed to. . .  Full story

Aspen - results notification

04/03 Shareholders are advised that Aspen intends releasing its results for the half-year ended 31 December 2018 after market close on Thursday, 7 March 2019 on SENS. This announcement will be followed. . .  Full story

Death toll from SAfrican mine blast rises to 18 as 13 bodies recovered

22/02 Rescuers have retrieved another 13 bodies from a disused South African coal mine following a gas blast there around two weeks ago, police said on Friday, raising the confirmed death toll to 18.. . .  Full story