Most Read Today

Gold sprints to over 5-year peak after Fed hints at rate cuts

05h29 Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and. . .  Full story

South African consumer inflation subdued, upping rate cut chances

19/06 South African inflation stayed well within the central bank's target range in May, making it more than two years since it last breached the ceiling, raising the possibility of a rate. . .  Full story

Fed sees case building for interest rate cuts this year

19/06 The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising. . .  Full story

African banks to fund construction of world’s biggest marine diamond mining vessel

19/06 Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers.. . .  Full story

Australian shares eke out small gains as miners plunge; NZ dips

04h26 Australian shares edged up on Thursday, tracking the broader global rally after the U.S central bank signalled possible interest rate cuts although wider gains were capped by a weaker mining sector on concerns about. . .  Full story

BOJ holds fire on policy, joins Fed in warning of mounting global risks

06h08 The Bank of Japan kept monetary policy steady on Thursday, preferring to save its dwindling ammunition as a darkening global growth outlook prompts other major central banks to drop hints of additional stimulus.. . .  Full story

Stocks rally, bond yields plunge as Fed fuels rate cut hopes

05h23 A gauge of global stock markets rose on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signalled possible interest. . .  Full story

Stocks approach record as Fed soothes Wall Street's fears

19/06 The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.. . .  Full story

Mining giant Rio Tinto cuts key iron ore supply forecast again, shares hit

03h13 Mining giant Rio Tinto Ltd on Thursday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April, citing operational. . .  Full story

Australia's Caltex shares dive as bleak economic conditions hit profit

03h58 Caltex Australia on Thursday said it expects first-half profit to be less than half of what it was a year earlier, sending its shares down a fifth as the petrol station owner grapples with. . .  Full story

Most Read Yesterday

Scandal-hit Steinhoff says will suffer more in 2019

19/06 Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a 1.2 billion euro ($1.3 billion) annual loss, sending its volatile shares down 8 percent.. . .  Full story

Rand rallies as Ramaphosa set to give more support for Eskom

18/06 South Africa's rand rallied in late trade on Tuesday after the government signalled it will give additional support to power firm Eskom and as emerging currencies were lifted by expectations the Federal Reserve could signal. . .  Full story

South African consumer inflation subdued, upping rate cut chances

19/06 South African inflation stayed well within the central bank's target range in May, making it more than two years since it last breached the ceiling, raising the possibility of a rate. . .  Full story

MultiChoice reports full-year loss

18/06 Africa's biggest pay-TV group MultiChoice on Tuesday reported a headline loss in the year to end-March after foreign exchange losses and a charge for a stake disposal.. . .  Full story

Stocks approach record as Fed soothes Wall Street's fears

19/06 The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.. . .  Full story

Dollar drops after Fed holds rates steady, risk assets gain

19/06 The dollar weakened on Wednesday and risk assets benefited after the U.S. Federal Reserve announced it held interest rates steady in June, but signaled a possible rate cut by the end of the year.. . .  Full story

Fed sees case building for interest rate cuts this year

19/06 The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising. . .  Full story

Ex-CEO Peter Moyo to take Old Mutual to court - statement

18/06 Former Old Mutual CEO Peter Moyo is to challenge the employer's conduct in court after the insurer fired him citing a conflict of interest.. . .  Full story

Oil prices little changed despite U.S. crude stock draw

19/06 Oil futures were mostly steady on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a lull in equities.. . .  Full story

African banks to fund construction of world’s biggest marine diamond mining vessel

19/06 Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers.. . .  Full story

Most Read This Month

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,. . .  Full story

Africa's MultiChoice warns of swing to full-year loss

10/06 MultiChoice Group, Africa's biggest pay-TV company, expects to swing to a headline loss this year, hurt by foreign exchange losses and a charge on a stake disposal at its South African business.. . .  Full story

Old Mutual CEO exits in 'conflict of interest' board dispute

24/05 Old Mutual's chief executive left on Friday after what South Africa's second-biggest insurer described as a "breakdown in trust" with Peter Moyo, who cited a disagreement over how it should engage. . .  Full story

ANC row over South African central bank unnerves investors

11/06 A row within South Africa's African National Congress (ANC) about the role of the central bank has unnerved investors and exposed deep divisions in the governing party.. . .  Full story

South Africa's FirstRand cuts fees as 'war' with new rivals escalates

30/05 FirstRand is to become the latest South African lender to slash prices on its retail banking products, as the arrival of a host of new, cheaper rivals sparks a scramble for customers among South African. . .  Full story

Latest low-fee, digital accounts shake up South African banking

21/05 South Africans were offered low-fee, digital accounts by two "traditional" banks this week in a sign of how competition from a new breed of cheaper, online-only rivals is driving change in the $30 billion. . .  Full story

Sasol raises cost estimate for U.S. plant by around $1 bln

22/05 Sasol has raised the expected cost of its U.S. ethane cracker project by around $1 billion following a review by the project's new management, the South African petrochemicals firm said on Wednesday, sending its. . .  Full story

Sygnia interim results March 2019

03/06 Revenue for the interim period rose to R229.3 million (R207.3 million) whilst profit from operations decreased to R63.9 million (R70.3 million). Total profit and other comprehensive income for the period also. . .  Full story

South African Airways requests urgent state funding as it appoints interim CEO

07/06 South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs 4 billion rand ($265 million) from the government to survive the current. . .  Full story

Stor-Age final results March 2019

11/06 Property revenue for the year increased to R524.4 million (2018: R310.2 million), operating profit rose to R352.5 million (2018: R218.4 million), profit attributable to shareholders of the company fell to R257.6. . .  Full story

China's East Hope Group considers $10 bln investment in UAE

26/05 China’s East Hope Group is evaluating plans to invest $10 billion in an industrial zone in the United Arab Emirates, joining other Chinese companies, seeking a slice of China’s Belt and Road initiative. Chinese companies. . .  Full story

South Africa's rand falls as ANC squabbles over central bank

06/06 South Africa’s rand fell early on Thursday to its lowest this year as a dispute within in the ruling African National Congress over the central bank weakened demand.. . .  Full story

Rand slips on investigation into Ramaphosa campaign donation

13/06 South Africa's rand slipped on Thursday, as investors were unnerved by an investigation into a donation for President Cyril Ramaphosa's 2017 campaign for leader of the governing African National Congress (ANC). . .  Full story

South Africa's Telkom cuts 12.5% jobs, mobile boosts profit

27/05 South Africa's Telkom SA has cut 12.5% of the group's permanent jobs, it said on Monday after posting a 22.6% surge in full-year earnings as upbeat performance in its mobile business. . .  Full story

Securities trading in South African sugar producer Tongaat suspended

10/06 Trading in South African sugar producer Tongaat Hulett's securities on the Johannesburg Stock Exchange and London Stock Exchange was suspended on Monday after a delay in the publishing of its financial statements and a review. . .  Full story

Naspers - trading statement

12/06 Shareholders are advised that the Naspers group ("the group") is finalising its provisional report and consolidated annual financial statements for the year ended 31 March 2019. During the current year the group. . .  Full story

Sugar producer Tongaat warns of potential hit to 2018 results

31/05 South African sugar producer Tongaat Hulett's said on Friday its 2018 results could face a potential hit of up to 4.5 billion rand ($306.38 million) following a review of its accounting practices.. . .  Full story

Naspers to list businesses that hold Tencent stake on Euronext

29/05 South African conglomerate Naspers plans to float consumer internet businesses with assets valued at more than 100 billion euros ($112 billion) on the Euronext stock exchange in Amsterdam on July. . .  Full story

S.African government sued over coal and industrial air pollution

10/06 South Africa's government has failed to tackle high air pollution levels in an area which is home to coal-fired power stations and refineries, a lawsuit filed by environmental and community groups says.. . .  Full story

ANC rifts behind push for new South African central bank mandate

07/06 A row within South Africa's ruling African National Congress (ANC) party about the role of the country's central bank is unnerving investors because it is being driven by bitter factional battles. . .  Full story

Spur - cautionary announcement

03/06 Shareholders are advised that the company has entered into negotiations with its black economic empowerment shareholder, Grand Parade Investments Limited, regarding a transaction involving the company's securities, which if successfully concluded,. . .  Full story

In race to digitise, skills gap a drag on South Africa's big banks

14/06 A severe shortage of computer skills in South Africa has left its major banks fighting over a limited pool of people with the skills they need to upgrade technology platforms and keep pace with. . .  Full story

MTN to open 'market place' in step towards Africa's biggest bank goal

28/05 South Africa's MTN on Tuesday revealed plans to build a "market place" app where customers will be able to buy everything from insurance to washing machines as it seeks to build its mobile money. . .  Full story

South Africa's manufacturing jumps to best in over 2 years as power woes ease

11/06 South Africa's manufacturing grew much more than expected in April as production of cars, electronics, metal products and furniture jumped, providing the first glimmer of hope for an economy mired in. . .  Full story

Huge final results February 2019

03/06 Total revenue for the year rose to R432.7 million (2018: R401.4 million). Gross profit grew to R257.3 million (2018: R224.5 million). Operating profit shot up to R122 million (2018: R113 million).. . .  Full story

South African central bank row exposes ANC divisions

06/06 A row centring on the South African central bank exposed deep divisions in the governing ANC party on Wednesday, as a faction loyal to President Cyril Ramaphosa opposed calls from a. . .  Full story

South Africa's ANC insists policy on central bank role has not changed

06/06 South Africa's ruling African National Congress (ANC) said on Thursday its policy on the role and independence of the central bank had not changed, following a public spat between senior officials. . .  Full story

South African drugmaker Aspen in talks with potential European partner

22/05 South African drugmaker Aspen Pharmacare said on Wednesday it is in talks with a potential partner in Europe after announcing in March a strategic review of its European and domestic commercial pharmaceuticals businesses.. . .  Full story