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

15h58 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 growth.  Full story

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

16h31 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 accounting fraud.  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

Most Read This Week

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 than 8,000 jobs.  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 the risks to economic growth.  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

 

SA Business

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

16h31 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

15h58 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

Raven final results December 2018

09h45 The following results are the company's maiden final results rendering them incomparable. Revenue for the year came in at GBP162.6 million whilst operating loss was GBP31.6 million. Loss for the year. . .  Full story
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SA Company

Tanzania sets up mineral trading centres to curb illegal gold exports 

16h56 Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals.. . .  Full story

Sun International FY Diluted Adj. HEPS 316 Cents

08h18 Sun International Ltd:. . .  Full story

Calgro M3 Announces Dissolution Of Co & SA Corporate's Joint Initiative

07h25 Calgro M3 Holdings Ltd:. . .  Full story
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Live News Wire

Ethiopia and Indonesia crash parallels heap pressure on Boeing

18h03 Investigators probing the Boeing 737 MAX crash in Ethiopia have found similarities in vital flight angle data with an aeroplane that came down off Indonesia, a source said, hiking pressure on the world's biggest planemaker.  Full story

Danske Bank executives waive 2018 bonuses after scandal

18h00 Former and current members of Danske Bank's executive board have waived bonuses for 2018 because of the money laundering scandal linked to the bank's Estonian branch.  Full story

Two die in clashes outside Vedanta's Indian alumina refinery

17h57 A protester and a policeman died in clashes outside Vedanta Ltd's eastern Indian alumina refinery, a police official said on Monday, less than a year after police killed 13 anti-Vedanta protesters in south India.  Full story
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Europe

EU winter grains mostly in good shape, south needs rain -monitor

17h53 Cereal crops in the European Union are generally in decent condition after a mild winter but more rain is needed in a dry swathe of southern Europe, the EU's crop monitoring service said on. . .  Full story

Algeria chief of staff says army will tackle crisis

17h48 Algeria's army should take responsibility for finding a quick solution to its political crisis, its chief of staff said on Monday, in the most overt signal of potential military intervention since mass demonstrations erupted three. . .  Full story

Commerzbank wants clarity on merger in 2-3 weeks - sources

17h38 Commerzbank management wants to decide on whether to go ahead with a potential merger with Deutsche Bank in the next 2 to 3 weeks, two sources with knowledge of the matter said on Monday.. . .  Full story
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US

What we know about Boeing 737 MAX crash and what comes next

17h55 More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia. . .  Full story

Tech boosts Wall Street; Boeing keeps Dow in check

17h26 The S&P 500 and Nasdaq on Monday extended last week's gains, lifted by technology and financial stocks, as investors waited for the Federal Reserve's policy meeting later this week for further clues on the. . .  Full story

On Paris' Champs Elysees, shattered glass and smoking ruins

16h19 It is meant to be one of the world's most elegant streets: more than a kilometre of boutiques, restaurants, sidewalk cafes and fashion outlets vying for tourists' attention. But on Monday, the Champs Elysees looked. . .  Full story
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Asia

Jet chairman tells pilots he needs more time to finalise rescue deal

17h06 Jet Airways' Chairman Naresh Goyal told the airline's pilots on Monday he needed "a further short time" to finalise a rescue deal for the cash-strapped Indian carrier as the process is complex.. . .  Full story

Etihad Airways Working Closely With Indian Lenders, Jet Airways To Facilitate A Solution

16h32 Etihad Airways says:. . .  Full story

Saudi closes at near 4-year high as it joins FTSE Russell index

15h55 Saudi Arabia's benchmark stock index closed at its highest in nearly four years on Monday as bank shares rose on its first day as a member of FTSE Russell's emerging-market index, which is expected. . .  Full story
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Forex

Latam currencies rise, Brazil stocks test new highs

17h06 Currencies in Latin America rose on Monday as the dollar slipped on prospects of the U.S. Federal Reserve sticking to an accommodative stance at its policy meeting this week, while stocks in Brazil tested. . .  Full story

U.S. dollar sluggish as traders brace for a dovish Fed

16h02 The U.S. dollar slipped against the euro and was sluggish against most major currencies on Monday, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback subdued.. . .  Full story

C$ clings to last week's gains ahead of federal budget

15h30 The Canadian dollar was little changed against its U.S. counterpart on Monday, trading in a narrow range ahead of Tuesday's federal budget as oil prices rose and investors bet that the U.S. Federal Reserve. . .  Full story
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Africa

Algeria deputy PM to make foreign tour to discuss events at home

10h22 Algeria's newly-appointed Deputy Prime Minister Ramtane Lamamra is expected to visit several countries including Russia, China, and some EU nations to explain the crisis in Algeria, a foreign ministry official said.. . .  Full story

Zimbabwe inflation quickens to 59.39 percent year/year in February

15/03 Zimbabwe's inflation rose to a new ten-year high of 59.39 percent year-on-year in February from 56.9 percent in January, pushed by increases in the price of basic goods, the statistics agency. . .  Full story

Kenya bank shares up after court ruling on interest rate caps

15/03 Kenyan banks' share prices rose on the Nairobi Securities Exchange on Friday, a day after a court ruling declared interest rate caps unconstitutional and gave parliament 12 months to review them, traders said.. . .  Full story
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