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Most Read Today

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 video entertainment business currently held by its wholly-owned subsidiary, MultiChoice  Full story

MTN faces more problems in Uganda as authorities query its sales figures

19/02 Uganda accused the country's biggest telecoms operator, MTN Uganda, on Tuesday of underdeclaring its sales and causing public revenue losses, in a further souring of relations with the South African-owned company.  Full story

Australia's Fortescue beats estimates as iron ore pricing improves

05h12 Australia's Fortescue Metals Group blew past estimates for its first-half profit on Wednesday on the back of higher prices for its iron ore, adding further fuel to a share price rally following constraints on Brazilian output.  Full story

Most Read This Week

South Africa says has up to 60 tcf of offshore gas potential

15/02 South Africa, where oil major Total recently made a big offshore discovery, said on Friday it had potential gas resources of up to 60 trillion cubic feet in waters off its coast.  Full story

South Africa's state airline to reorganise in turnaround drive

18/02 South Africa's struggling state-owned airline will reorganise into three business units as part of a revamp plan that could also involve the partial sale of its catering unit, its chief executive officer said on Monday.  Full story

Grand Parade to close Dunkin', Baskin Robbins in South Africa

15/02 South Africa's Grand Parade Investments (GPI) Ltd plans to close its loss-making Dunkin Donuts and Baskin Robbins franchises in the country after failing to find a buyer, and will focus on its Burger King outlets, GPI said on Friday.  Full story

 

SA Business

MTN faces more problems in Uganda as authorities query its sales figures

19/02 Uganda accused the country's biggest telecoms operator, MTN Uganda, on Tuesday of underdeclaring its sales and causing public revenue losses, in a further souring of relations with the South African-owned company.. . .  Full story

South Africa needs to invest to rebuild confidence in power sector - minister

19/02 South Africa needs to invest more to rebuild confidence in its ability to supply power, its energy minister said on Tuesday, after its state-run power firm was forced to implement some. . .  Full story

S.Africa govt meeting fails to break Eskom split impasse: COSATU

19/02 A meeting between South African trade union federation COSATU, President Cyril Ramaphosa and senior members of his cabinet did not break a deadlock over plans to split the country's national power. . .  Full story
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SA Company

South Africa's rand tepid ahead of annual budget speech

19/02 South Africa's rand inched lower on Tuesday, with investors pricing in domestic risks ahead of the annual budget where the financial crisis at state power utility Eskom is set to be addressed.. . .  Full story

South African parliament approves long-delayed carbon tax bill

19/02 South Africa's parliament approved on Tuesday a long-delayed carbon tax bill as it seeks to reduce harmful carbon emissions in Africa's most industrialised and polluting country.. . .  Full story

Ten Lifestyle Wins Contract With Absa Bank Ltd

19/02 Ten Lifestyle Group PLC:. . .  Full story
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Live News Wire

U.S. Fed says minutes to be released on time as offices close

05h58 The U.S. Federal Reserve said minutes of its January policy meeting would be released on Wednesday as scheduled though its offices in Washington would be closed due to bad weather.  Full story

Wheat rises after dropping to 4-mth low, soybean prices ease

05h53 Chicago wheat rose on Wednesday, underpinned by bargain-buying after falling for the last three sessions to its lowest since late October on concerns over weak demand for U.S. supplies. Soybean prices slid for a second session, although expectations of a trade deal between Washington and Beijing  Full story

Oil near 2019 highs amid OPEC cuts, U.S. sanctions

05h37 Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.  Full story
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Europe

Tokyo's drive to expel zombie stocks hits small caps

05h23 The Tokyo Stock Exchange's push to weed out small and weak firms from its main board could take years, but some fund managers are already ditching small-caps for fear they could be excluded from. . .  Full story

UK's Hammond says EU won't consider alternatives to backstop for now

03h53 British Finance Minister Philip Hammond said on Tuesday it was clear the European Union will not now consider alternatives to the Irish backstop to help the UK government win support for its Brexit withdrawal. . .  Full story

May in Brussels again, seeking Brexit movement

03h00 British Prime Minister Theresa May makes another trip to Brussels on Wednesday, hoping European Commission chief Jean-Claude Juncker may prove more yielding than of late to salvage her Brexit deal.. . .  Full story
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US

China regulator requests pause in new game applications to clear backlog -sources

04h50 China's top content regulator has asked local authorities to stop submitting requests to monetise new video games while it processes a backlog of applications built up after a lengthy pause last year, three people with. . .  Full story

Japan's exports fall most in 2 years as China shipments weaken

04h18 Japan's exports posted their biggest decline in more than two years as China-bound shipments tumbled, fuelling concerns about slowing global demand as the business mood sours and orders for the country's machinery goods fell sharply.. . .  Full story

Tesla prepares to offer Model 3 leasing to boost demand - Electrek

03h26 Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3 to boost demand, news website Electrek said on Tuesday, citing an email sent to employees.. . .  Full story
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Asia

Thai c.bank wary of risks, policy tightening to be gradual - minutes

05h21 Thailand's central bank kept its policy rate on hold this month and expects any future policy tightening to be gradual and dependent on data, its meeting minutes showed on Wednesday.. . .  Full story

Nikkei rises to new 2-month high on U.S.-China trade deal optimism

05h02 Japan's Nikkei rose to more than two-month highs on Wednesday morning, as progress in U.S.-China trade talks helped lift cyclical stocks such as autos and electronic equipment firms.. . .  Full story

Japan firms see weak wage hike momentum, cautious on capex

01h00 Business investment in Japan has been a rare bright spot in the world's third-largest economy but that may now be fading amid anxiety over an upcoming sales tax hike and global trade frictions,. . .  Full story
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Forex

Asia shares rally to 4-1/2-month peak on hopes of U.S.-China trade deal

05h26 Asian stocks advanced to 4-1/2-month highs on Wednesday as investors bet that Chinese and U.S. trade negotiators would be able to secure a deal to de-escalate their year-long tariff war.. . .  Full story

U.S. wants pledge for stable Chinese yuan as talks resume -report

05h20 The United States is seeking to secure a pledge from China it will not devalue its yuan as part of an agreement intended to end the countries' trade war, Bloomberg reported on Tuesday.. . .  Full story

Australia, NZ dlrs rally with yuan, resource prices

05h16 The Australian and New Zealand dollars were grinding higher on Wednesday as hints of progress in Sino-U.S. trade talks lifted the yuan, while dovish signals from a range of central banks supported commodity prices.. . .  Full story
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Africa

Nigeria's electoral commission allows resumption of campaigning after vote delay -statement

18/02 Nigeria's electoral commission approved on Monday the resumption of political campaigning, the body said in a statement, after the general elections were delayed by a week last Saturday.. . .  Full story

Nigeria's main opposition party accuses Buhari of "jungle justice" threat

18/02 Nigeria's main opposition on Monday said President Muhammadu Buhari's threat to use soldiers to deal with any attempts to tamper with voting material during a delayed vote was a "direct call for jungle justice".. . .  Full story

Nigeria commission says transport delays behind vote postponement

16/02 Nigeria's presidential election was delayed by a week due to delays in transporting electoral material and was not a result of external pressure, the chairman of the electoral commission said on Saturday.. . .  Full story
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