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Most Read Today

South Africa's Shoprite cuts chairman Wiese's voting influence

18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped turn into an African powerhouse.  Full story

Fed up with status quo, Ukrainians tipped to elect comedian as president

08h42 Ukrainians began voting on Sunday in an election expected to thrust a comedian with no prior political experience into the presidency of a country at war and hungry for change.  Full story

South Africa's PIC denies considering ex-Absa executive as next CEO

18/04 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO and temporary replacement.  Full story

Most Read This Week

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018, Results of General Meeting dated 15 February 201  Full story

South Africa's Shoprite cuts chairman Wiese's voting influence

18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped turn into an African powerhouse.  Full story

EOH interim results January 2019

16/04 Revenue from continuing operations increased to R8.428 billion (2018: R8.354 billion), gross profit dropped to R1.667 billion (2018: R2.682 billion) and operating loss before interest and equity-accounted loss or profit was recorded at R2.878 billion (2018: operating profit of R784.2 million  Full story

 

SA Business

South Africa brings forward Eskom bailout to avert default

19/04 South Africa's government has had to bring forward the bailout of state power firm Eskom, after it rushed 5 billion rand ($355 million) to the struggling utility earlier this month to. . .  Full story

South Africa's Shoprite cuts chairman Wiese's voting influence

18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped. . .  Full story

IMF forecasts Tanzanian economic growth of 4-5 pct in medium term

18/04 Tanzania's economy will be subdued if recent government policies and legislation continue, threatening to hit growth in East Africa's third largest economy, an International Monetary Fund report seen by Reuters on. . .  Full story
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SA Company

South Africa's rand weaker as risk demand fades before Easter, stocks up

18/04 South Africa's currency weakened on Thursday, losing ground against a stronger dollar as investors closed positions and took profits before the Easter holiday - while stocks took heart from rising gold prices.. . .  Full story

South Africa's PIC denies considering ex-Absa executive as next CEO

18/04 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO. . .  Full story

Shoprite Says Titan To Acquire Co's Ordinary Shares Held By Thibault

18/04 Shoprite Holdings Ltd:. . .  Full story
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Live News Wire

Macedonians vote in election dominated by splits over name change

09h14 Macedonians vote on Sunday in a presidential election dominated by deep divisions over a change of the country's name to North Macedonia under a deal with Greece.  Full story

Fed up with status quo, Ukrainians tipped to elect comedian as president

08h42 Ukrainians began voting on Sunday in an election expected to thrust a comedian with no prior political experience into the presidency of a country at war and hungry for change.  Full story

In nod to debt concerns, China Belt and Road summit to urge sustainable financing

07h54 World leaders meeting in Beijing this week for a summit on China's Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communique seen by Reuters.  Full story
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Europe

UK PM May to be told to quit by top Conservative - Sunday Times

20/04 A top member of Prime Minister Theresa May's Conservative Party will tell her in the coming week that she must step down by the end of June or her lawmakers will try again to. . .  Full story

Norwegian Air cabin crew union calls for strike at Charles de Gaulle

20/04 Norwegian Air's largest cabin crew union in France has called for a strike from April 24 to April 26, seeking higher pay and better working conditions, a union representative said on Saturday.. . .  Full story

Thomas Cook approached by potential bidders - Sky News

20/04 Thomas Cook has been tentatively approached about a takeover of its tour operating unit, or the entire company, by several parties as its lenders prepare for crunch talks over the state of its finances,. . .  Full story
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US

-Union Pacific operational overhaul gains traction, shares rise

20/04 U.S. railroad operator Union Pacific Corp on Thursday reported a better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.. . .  Full story

Tesla to shrink board to seven directors from 11

20/04 Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.. . .  Full story

Qatar's sovereign fund, Crown Acquisitions named as investors in $5.6 bln New York deal

19/04 Qatar Investment Authority (QIA) and private realty firm Crown Acquisitions said on Friday they were the unnamed investors in a deal with Vornado Realty Trust valued at $5.56 billion that involves a portfolio of prime. . .  Full story
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Asia

China finds more cases of African swine fever on Hainan island

05h45 China has detected new cases of African swine fever in six farms across four locations in Hainan province, the agriculture ministry said on Sunday, adding to two earlier cases of the contagious disease identified. . .  Full story

Erdogan's AKP lodges second call for rerun of Istanbul election -Anadolu

20/04 Turkey's ruling AK Party submitted a second petition to cancel and re-run Istanbul elections it lost three weeks ago, citing thousands of ballots cast by people it said were ineligible to vote due to. . .  Full story

India's HDFC Bank fourth-quarter profit up 22.6 pct to record high

20/04 India's HDFC Bank Ltd reported a record quarterly net profit of 58.85 billion rupees ($848 million) on Saturday, meeting market expectations as the country's biggest lender by market value raked in higher interest and fee. . .  Full story
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Forex

Pakistan PM hints at further cabinet changes after "batting order" shuffle

19/04 Pakistani Prime Minister Imran Khan said on Friday that he would not hesitate to make more changes to his cabinet if required a day after a major reshuffle that saw the appointment of a. . .  Full story

-China will keep supporting economy as 'pressure' lingers - politburo

19/04 China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday.. . .  Full story

China's politburo meets to discuss economic situation - Xinhua

19/04 A top decision-making body of China's ruling Communist Party met on Friday to discuss the current economic situation, the official Xinhua news agency reported.. . .  Full story
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Africa

Angola annuls winning tender for 4th telecoms operating license - presidency

18/04 Angola's President João Lourenço annulled on Thursday the winning tender for the country’s fourth telecoms operating license and ordered it be re-run to ensure "a clean and transparent process," his office. . .  Full story

KCB Group proposes takeover of National Bank via share swap

18/04 Kenya's biggest lender by assets KCB Group has offered to buy National Bank of Kenya through a share swap consisting of one KCB share for every 10 of NBK, joining a. . .  Full story

Nairobi bourse halts trading in shares of banks KCB and NBK

18/04 The Nairobi Securities Exchange (NSE) halted on Thursday the trading of shares in Kenya Commercial Bank and National Bank of Kenya, it said in a statement.. . .  Full story
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