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Most Read Today

South Africa's rand slides as lira plunge triggers EM sell-off

17/08 South Africa's rand weakened against the dollar on Friday, tracking its emerging market peers lower as the Turkish lira slid.  Full story

Superdry co-founder gives 1 million pounds to campaign for second Brexit vote

00h26 The co-founder of fashion brand Superdry is donating a million pounds ($1.28 million) to the campaign for a referendum on the final Brexit agreement as Britain prepares to outline in more detail how a no-deal outcome would work.  Full story

BlueTel - Cell C financial results presentation

20/02 BlueTel shareholders are advised that Cell C (Pty) Ltd., of which BlueTel holds 45% of the issued share capital, presented its financial results for the year ended 31 December 2017 on 20 February 2019. A copy of the presentation is available on BlueTelÆs website û www.bluelabeltelecoms.co.za  Full story

Most Read This Week

South African rand slumps after Moody's warning, stocks tumble

15/08 South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy.  Full story

S.Africa’s Ramaphosa proposes new sovereign wealth fund: party officials

14/08 South African President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday.  Full story

South Africa's Ramaphosa to appoint inquiry into $130 bln state pension fund

16/08 South African President Cyril Ramaphosa has agreed to set up a commission of inquiry into alleged governance failures at the state-owned pension fund, the Finance Ministry said on Thursday.  Full story

 

SA Business

South Africa's rand slides as lira plunge triggers EM sell-off

17/08 South Africa's rand weakened against the dollar on Friday, tracking its emerging market peers lower as the Turkish lira slid.. . .  Full story

resilient final results June 2018

17/08 Total revenue for the period jumped to R3.9 billion (R3.1 billion). Loss before net finance costs came to R2.7 billion (profit of R3.8 billion). Loss attributable to equity holders was. . .  Full story

S.Africa's cbank says nationalisation bill won't impact its independence

17/08 South Africa's central bank said on Friday that a proposed amendment bill aimed at nationalising the institution would have no impact on its independence or primary mandate of price stability.. . .  Full story
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SA Company

Harmony Gold says impairments will dent full-year earnings

17/08 South Africa's Harmony Gold said on Friday its full-year earnings would be lower than last year due to impairments against a number of its mines as well as foreign exchange losses.. . .  Full story

South African rand surrenders gains as economy concerns weigh

16/08 South Africa's rand surrendered its earlier gains in late trade on Thursday due to lingering concerns over the economy, while a rebound in market heavyweight Naspers brought some relief on the bourse.. . .  Full story

Afraid of no-one and ready for a long strike, union leader tells Implats

16/08 Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up. . .  Full story
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Live News Wire

Venezuelan shopkeepers alarmed by Maduro's latest economic moves

00h28 A fter Venezuelan President Nicolas Maduro's 60-fold increase to the minimum wage, storeowners on Saturday wrestled with an anguishing decision: Close up shop or hit customers with steep price hikes at the risk of sinking the business.  Full story

Superdry co-founder gives 1 million pounds to campaign for second Brexit vote

00h26 The co-founder of fashion brand Superdry is donating a million pounds ($1.28 million) to the campaign for a referendum on the final Brexit agreement as Britain prepares to outline in more detail how a no-deal outcome would work.  Full story

UK hopes to pick up Brexit talks pace with Raab-Barnier meeting on Tuesday

18/08 Britain's Brexit minister Dominic Raab will travel to Brussels on Tuesday in a bid to pick up the pace of Brexit talks with the EU's chief negotiator Michel Barnier, Prime Minister Theresa May's office said on Saturday.  Full story
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Europe

Italy's Autostrade confident it has always operated correctly - CEO

18/08 Autostrade per l'Italia, a unit of infrastructure group Atlantia , has always operated correctly in its role of toll-road operator, the group's chief executive said on Saturday.. . .  Full story

AUTOSTRADE CEO SAYS GROUP CONFIDENT IT HAS ALWAYS OPERATED CORRECTLY AS OPERATOR, "PREMATURE" TO COMMENT ON GOVT PROCEDURE LAUNCHED TO REVOKE ITS HIGHWAY CONCESSIONS

18/08 . . .  Full story

Autostrade pledges to rebuild collapsed Italy bridge

18/08 Italian toll-road operator Autostrade per l'Italia, which managed a bridge that collapsed in Genoa this week, pledged on Saturday to rebuild the viaduct.. . .  Full story
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US

VW's CEO was told about emissions software months before scandal - Der Spiegel

18/08 Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.. . .  Full story

U.S. missionary thrust to the centre of Turkey-U.S. crisis

18/08 When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home. . .  Full story

U.S. tech giants plan to fight India's data localisation plans

18/08 U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters.. . .  Full story
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Asia

Philippine Finance chief wants samurai bond issue every other year-Nikkei

18/08 Philippine Finance Secretary Carlos Dominguez would like his country to issue yen-denominated "samurai" bonds every two years after a successful issuance of such bonds earlier this month, Japan's Nikkei business daily on Saturday quoted him. . .  Full story

China sacks 6 senior officials at food and drug regulator over vaccine scandal

18/08 China said on Saturday it has sacked six senior officials at its food and drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd revealed failings at the government body including inadequate. . .  Full story

Worst floods in a century kill scores in India's Kerala

17/08 The worst floods in a century in the Indian state of Kerala have killed 164 people and forced more than 200,000 into relief camps, officials said on Friday, with the toll expected to rise. . .  Full story
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Forex

Rouhani to appear before Iranian parliament soon, says lawmaker

18/08 An Iranian lawmaker said on Saturday that President Hassan Rouhani would appear before parliament on Aug. 28 to answer questions on his government's handling of Iran's economic struggles, but an aide to Rouhani denied a. . .  Full story

Turkey's Erdogan says to challenge "games" on the economy

18/08 A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing "games" on the economy.. . .  Full story

Maduro orders 96 pct devaluation in hyperinflation-stricken Venezuela

18/08 Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist government’s petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country.. . .  Full story
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Africa

CEO of Kenya's Arm Cement to quit but remain board member

16/08 Arm Cement's chief executive said on Thursday he planned to leave his post as part of a shake-up at the Kenyan cement maker, but would stay on as a board member.. . .  Full story

KCB Group to finalise Imperial Bank deal in September

16/08 KCB Group expects to finalise a takeover of smaller rival Imperial Bank by the end of September, Kenya's biggest bank by assets said on Thursday after reporting higher first-half profits.. . .  Full story

Nigerian inflation dips in July but remains above single-digit target

15/08 Annual inflation in Nigeria slowed to 11.14 percent in July, its lowest level in more than two years, the National Bureau of Statistics said on Wednesday, but it remained above the. . .  Full story
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