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. . .  Full story

Wall Street rises modestly on Walmart bump

19/02 U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington.. . .  Full story

Australia's Fortescue wins higher iron ore prices, shares hit 2-year high

02h24 Australia's Fortescue Metals Group reported a lower half-year profit on Wednesday, but blew past estimates as it reaped higher prices for its iron ore, pushing its shares to a two-year high.. . .  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

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

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

Gold prices hold at 10-month highs; markets await Fed minutes

02h44 Gold prices held at 10-month highs on Wednesday, supported by global slowdown concerns and a weaker dollar, with markets eyeing the release of the U.S. Federal Reserve's policy meeting minutes later in the session.. . .  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

Oil dips from 2019 highs as rising U.S. supply erodes OPEC cuts

03h43 Oil prices slipped from 2019 highs on Wednesday as soaring U.S. production and expectations of an economic slowdown undermined efforts led by producer club OPEC to cut supply to tighten global markets.. . .  Full story

Most Read Yesterday

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. . .  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

South African billionaire Motsepe says he won't buy Eskom assets

18/02 South African billionaire Patrice Motsepe said on Monday that he would not buy any assets which struggling state power firm Eskom puts up for sale, in response to speculation that he was eyeing an. . .  Full story

Kumba final results December 2018

19/02 Revenue for the year decreased to R45.725 billion (2017: R46.379 billion), operating profit lowered to R16.360 billion (2017: R21.390 billion), profit for the year attributable to owners of Kumba fell to. . .  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

Implats - further trading statement

18/02 Implats will release results for the half year ended 31 December 2018 ("the period") on 28 February 2019. Implats issued a trading statement on 4 February 2019 indicating that both headline earnings. . .  Full story

Amplats final results December 2018

18/02 Net sales revenue for the year increased to R74.6 billion (2017: R65.7 billion), operating profit grew to R10.8 billion (2017: R6.6 billion), profit attributable to owners of the company rose to. . .  Full story

Palladium eyes $1,500/oz in record surge; gold hits 10-mth high

19/02 Palladium scaled a record peak to within striking distance of the $1,500 level on Tuesday fuelled by a sharp supply deficit, while gold climbed 1 percent to hit a 10-month high on a. . .  Full story

Grindord - trading statement

18/02 Grindrod expects headline earnings from continuing operations, for the year ended 31 December 2018 to be between R707 million and R727 million, an increase of between 24% and 27%, compared to. . .  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

Most Read This Month

Indonesia banks warn of liquidity squeeze from govt bond issuance

31/01 Two of Indonesia's biggest banks have warned that a government strategy of frontloading bond issuance and selling more debt to retail investors is draining cash in Southeast Asia's largest economy and risks undermining efforts to. . .  Full story

Total's South Africa discovery could hold 1 bln barrels oil equivalent: CEO

07/02 French oil and gas major Total's South African offshore discovery could contain 1 billion barrels of total resources and is "probably quite big", Chief Executive Patrick Pouyanne said on Thursday.. . .  Full story

South Africa's deputy finance minister denies corruption allegations

30/01 South Africa's deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension. . .  Full story

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. . .  Full story

Rand volatility rises as investors turn bearish after Ramaphosa speech

08/02 Investors on Friday raised their bets on a weaker South African rand as the options premium for buying currency jumped and implied volatility rose to its highest in a month, just. . .  Full story

Board of South African state pension fund resigns as scandal deepens

01/02 The board of South Africa's state-owned state pension fund resigned on Friday, citing destabilising allegations of wrongdoing against four directors, as the crisis at the biggest investor in Africa's most industrialised economy deepens.. . .  Full story

South Africa's Eskom should be split, experts to tell president - sources

24/01 South Africa's Eskom could be split into three separate firms under proposals from experts President Cyril Ramaphosa has hired to help revive the ailing state power company, two sources familiar with. . .  Full story

South Africa's Gordhan meeting Eskom executives over power crisis

11/02 South Africa's Public Enterprises Minister Pravin Gordhan is meeting executives from state power firm Eskom on Monday to find solutions to the country's electricity crisis, Eskom spokesman Khulu Phasiwe told Reuters.. . .  Full story

First unit at Sasol's Lake Charles chemical plant starts output

13/02 Sasol on Wednesday began production at the first of seven units at its giant Lake Charles chemical plant in the U.S, boosting shares in the South African petrochemical group.. . .  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 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. . .  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

South Africa to debate whether to split Eskom - Gordhan

29/01 The South African government will soon debate whether to split up state power firm Eskom to make it financially viable, Public Enterprises Minister Pravin Gordhan said on Tuesday.. . .  Full story

Brimstone reviewing buyout offer for S.Africa's Clover

07/02 South Africa's Brimstone Investment Corporation said it is reviewing its role in a proposed 4.8 billion rand ($353.38 million) buyout of dairy firm Clover Industries, after opposition from an anti-Israel boycott and divestment group.. . .  Full story

Cannabis craze weeds out junior mining field

07/02 A boom in cannabis investment is siphoning capital away from mining and hitting junior miners hardest, forcing them to up their game and potentially improving the quality of projects in a. . .  Full story

South Africa's Edcon needs $226 mln over three years to "fix" business -CEO

31/01 South African retailer Edcon needs 3 billion rand ($226 million) in funding over the next three years to "fix" the business, its chief executive Grant Pattison said on Thursday.. . .  Full story

Shares in S.Africa's Shoprite dive after profit warning

30/01 South African retailer Shoprite looked set for its biggest fall in almost 20 years on Wednesday after it warned of a steep drop in half-year headline earnings citing foreign exchange setbacks and other factors.. . .  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,. . .  Full story

S.Africa's Absa seeks new blood after decade under Ramos

29/01 South African lender Absa plans to appoint an external candidate as its new CEO following the sudden departure of its boss of ten years, Maria Ramos, with analysts and investors hoping they will breathe. . .  Full story

South Africa's Eskom aims to end power cuts by end of this week

12/02 South African state power firm Eskom aims to end power cuts by the end of this week and for now does not suspect sabotage is the cause of unplanned outages at. . .  Full story

Ellies interim results October 2018

31/01 Revenue for the interim period dipped to R677.8 million (2017: R696.7 million). Profit before interest, taxation, depreciation and amortisation (EBITDA) dropped to R17.1 million (2017: R45.2 million). Profit for the period. . .  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

South Africa's Eskom sees wider loss, seeks higher power tariffs

04/02 South Africa's struggling power firm Eskom expects to make a wider 20 billion rand ($1.5 billion) loss in the current financial year and wants steeper tariff hikes than it previously sought,. . .  Full story

S.Africa's Sibanye-Stillwater expects 2019 EBITDA to double, eyes gold acquisitions

07/02 Sibanye-Stillwater, whose workers have downed tools at its bullion operations, said on Wednesday it expects its EBITDA to double in 2019 paving the way for dividends and acquisitions in it's gold. . .  Full story

South Africa's NUM union tells Ramaphosa to scrap Eskom split plan

08/02 South Africa's National Union of Mineworkers (NUM) on Friday urged President Cyril Ramaphosa to reconsider his plan to split state power firm Eskom into three separate entities, saying it would lead. . .  Full story

Eskom in danger of collapse without bailout, South Africa says

13/02 South African power utility Eskom needs a cash injection by April to survive, the country's public enterprises ministry warned in a presentation on Wednesday, although it later changed its wording to say the firm was. . .  Full story

South Africa's Eskom suspends power cuts but warns system vulnerable

15/02 South Africa's struggling state power firm Eskom suspended electricity cuts on Friday but said the power system remained vulnerable, after five days of rolling outages which weakened the rand and hurt businesses across the country.. . .  Full story

Eskom split to minimise risks to South Africa, Ramaphosa says

14/02 South African President Cyril Ramaphosa said his plan to divide struggling state power firm Eskom into three units would minimise risks to the economy, as a fifth day of power cuts hurt businesses and drove. . .  Full story

Resilient interim results December 2018

15/02 Revenue for the interim period lowered to R1.9 billion (R2.0 billion) whilst profit before net finance costs dipped to R814.1 million (R10.5 billion). Profit attributable to equity holders also took a. . .  Full story