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Most Read Today

South Africa's state airline to reorganise in turnaround drive

12h18 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

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

S.Africa seeks to reopen costly renewables deals to help Eskom

17/02 South Africa wants to talk to independent power producers (IPPs) about lowering the price Eskom pays for electricity from older renewable energy projects, a senior minister told Reuters, as the state utility struggles to emerge from a financial crisis.  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

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

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 some of its power stations, a senior Eskom generation official said on Tuesday.  Full story

 

SA Business

Nigerian assets fall as election delay fuels uncertainty

14h25 The naira weakened on the forward market on Monday and Nigerian stocks fell as investors worried that delaying elections for a week could lead to a contested result, fuelling uncertainty, analysts. . .  Full story

Heriot interim results December 2018

14h14 The company had a change in year end. No comparative figures have been presented. Rental income was R225.8 million and profit from operations came to R153.3 million. Net profit after taxation. . .  Full story

South Africa's state airline to reorganise in turnaround drive

12h18 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
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SA Company

Aveng To Sell Its Infraset Business

15h15 Aveng Ltd:. . .  Full story

Petra Diamonds appoints new CEO, share price rises

12h18 African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.. . .  Full story

S.Africa's state airline to reorganise in turnaround drive

12h15 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
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Live News Wire

Total moves into offshore wind with joint bid for Dunkirk project

15h02 French energy major Total is partnering with Denmark's Orsted and renewable energy producer Elicio to submit a joint bid for the 600 megawatt capacity Dunkirk offshore wind project in France, the company said on Monday.  Full story

Uber agrees to pay VAT in Egypt -tax chief

15h02 Uber has agreed to pay value-added tax on its services in Egypt, Egyptian officials said on Monday, a move that may help resolve a long-simmering feud with traditional taxi drivers.  Full story

Ivory Coast dry spell could damage cocoa mid-crop -farmers

14h54 Most of Ivory Coast's cocoa growing regions saw no rainfall last week, raising fears for the April-to-September mid-crop, farmers said on Monday.  Full story
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Europe

White sugar sets 3-1/2 month high, robusta drifts lower

14h48 White sugar futures rose to a 3-1/2 month high on Monday as the market extended the prior session's sharp advance, buoyed by recent strength in crude oil and concerns about dry weather in top. . .  Full story

Britain does not support total Huawei network ban -sources

14h28 British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge. . .  Full story

Britain's FT says allegations over Wirecard reporting are false

14h26 Britain's Financial Times rejected as "baseless and false" any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard .. . .  Full story
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US

Chinese traders cut Australian coal imports over customs delays - sources

14h04 Chinese coal traders are halting purchases of Australian coal and coking coal as clearing times through China's customs have at least doubled to 40 days or more, four traders at major buyers told Reuters. . .  Full story

Indian Oil signs first annual deal for U.S. oil

13h04 Indian Oil Corp , the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to. . .  Full story

Hedge funds accelerate oil buying: Kemp

12h41 Investors bought crude oil futures and options at the fastest rate for almost six months in the week to Feb. 12.. . .  Full story
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Asia

Brent steadies, set for biggest first-quarter rise since 2011

14h47 Brent crude oil steadied on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel,. . .  Full story

Maldives court orders arrest of former president over alleged corruption

14h05 A court in the Maldives ordered the arrest and detention on Monday of the former president, Abdulla Yameen, on suspicion of money laundering.. . .  Full story

Malaysia lifts bauxite mining moratorium after 3-year ban

14h04 The Malaysian government said it would not extend its moratorium on bauxite mining which ends on March 31 due to strong demand for the industry, state news agency Bernama reported on Monday, quoting the. . .  Full story
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Forex

China unveils guidelines for developing Greater Bay Area - Xinhua

14h14 China's cabinet on Monday issued guidelines for developing a "Greater Bay Area" around the Pearl River Delta, in a bid to spur growth and transformation in Guangdong province and the cities of Hong Kong. . .  Full story

Euro gains as U.S.-China trade-talk optimism boosts sentiment

14h04 The euro rallied and riskier currencies like the Australian dollar strengthened on Monday as optimism over a breakthrough in U.S.-China trade war talks encouraged investors.. . .  Full story

World stocks lifted to 2-1/2 month highs by trade optimism

13h56 Hopes of progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains were dampened by concerns over the car. . .  Full story
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Africa

Nigeria's Buhari says reasons for election delay should be investigated after vote

13h28 The cause of the week-long delay of Nigeria's election should be investigated after the poll takes place on Feb. 23, President Muhammadu Buhari said on Monday.. . .  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

Nigeria opposition candidate Atiku Abubakar urges voters to be patient

16/02 Nigerian opposition candidate Atiku Abubakar on Saturday appealed to voters to be patient following the postponement of a presidential election by a week.. . .  Full story
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