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Most Read Today

South African retailer Pepkor's sales rise 13.8 percent

21/08 Retailer Pepkor Holdings Ltd, previously known as Steinhoff Africa Retail (STAR), on Tuesday reported a 13.8 percent rise in group revenue for the nine months to the end of June, as its low prices attracted shoppers.  Full story

South Africa's Shoprite logs first annual profit drop in 19 years

21/08 Africa's biggest grocer Shoprite reported its first annual earnings decline in 19 years on Tuesday, due to a currency devaluation in Angola and a lacklustre showing in its home South African market and elsewhere on the continent.  Full story

South Africa's rand firms as dollar hit by Trump Fed comments

21/08 South Africa's rand firmed on Tuesday as the dollar weakened after U.S. President Donald Trump criticised the head of the Federal Reserve for raising interest rates.  Full story

Most Read This Week

South African rand slumps after Moody's warning, stocks tumble

15/08 South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy.  Full story

South Africa's Ramaphosa to appoint inquiry into $130 bln state pension fund

16/08 South African President Cyril Ramaphosa has agreed to set up a commission of inquiry into alleged governance failures at the state-owned pension fund, the Finance Ministry said on Thursday.  Full story

Leftists rattle rand with plan to nationalise South Africa's central bank

17/08 Opposition firebrand Julius Malema introduced a bill to nationalise South Africa's central bank, raising pressure on the ruling ANC to go through with a plan it shelved this year and rattling markets wary of threats to the institution's independence.  Full story


SA Business

BlueTel final results May 2018

09h11 Revenue for the year increased to R26.800 billion (2017: R26.470 billion), operating profit lowered to R1.098 billion (2017: R1.175 billion), net profit for the year attributable to equity holders of the. . .  Full story

Bidcorp final results June 2018

08h32 Revenue from continuing operations for the year increased by 8% to R119.4 billion (2017: R110.5 billion). Trading profit grew by 8.7% to R6 billion (2017: R5.5 billion). Operating profit was 2.6%. . .  Full story

Transpaco final results June 2018

08h01 Revenue for the year increased to R1.725 billion (2017: R1.640 billion), operating profit rose 14.4% to R139.2 million (2017: R121.7 million), profit for the year jumped to R97.5 million (2017: R86.4. . .  Full story

SA Company

South African Markets - Factors to watch on August 22

07h36 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

South Africa's rand firms as dollar hit by Trump Fed comments

21/08 South Africa's rand firmed on Tuesday as the dollar weakened after U.S. President Donald Trump criticised the head of the Federal Reserve for raising interest rates.. . .  Full story

South African gold sector wage negotiations deadlock - union

21/08 South Africa's National Union of Mineworkers (NUM) said on Tuesday that wage negotiations in the gold sector were at a deadlock and the union had declared a dispute, a move that is one step. . .  Full story

Live News Wire

Flock on: Mongolia meat exporters turn to Iran's halal markets

07h20 Mongolian butcher Kuntuguan Ajbai chants under his breath as he slits the throat of a sheep with a single stroke of his sharpened knife, making sure the animal's swift death is halal – acceptable under the laws of Islam.  Full story

Linde says Praxair merger hits antitrust hurdle, talks continue

07h20 Linde said divestments needed to secure regulatory approval for its planned tie-up with Praxair have reached a size that would allow either party to abandon the deal, but added it was in constructive talks with its prospective merger partner.  Full story

Economic tailwinds help Australia dlr weather political squall

07h12 The Australian and New Zealand dollars found support from upbeat domestic economic news on Wednesday, while the Aussie handily weathered a squall of political uncertainty that threatened to topple the country's prime minister.  Full story


China's Geely says first-half profits rise 54 percent

07h10 China's Geely Automobile Holdings Ltd said on Wednesday that first-half net profit rose 54 percent over the same period last year, as Chinese consumers snapped up its cars designed with its Swedish luxury auto affiliate. . .  Full story

Swiss government urges voters to reject more state help for farmers

07h08 The Swiss government urged voters on Tuesday to reject more help for farmers and other proposals for agriculture in a referendum next month, saying they would send food prices rocketing and hurt the economy.. . .  Full story

Global wheat supply to crisis levels; big China stocks won't provide relief

07h00 A scorching hot, dry summer has ended five years of plenty in many wheat producing countries and drawn down the reserves of major exporters to their lowest level since 2007/08, when low grain. . .  Full story


Deal-hungry investment bankers walk Tesla tightrope

07h00 Tesla Inc Chief Executive Elon Musk's contemplated $72 billion take-private deal is presenting investments bankers with a dilemma: heed concerns about how feasible it is or risk missing out on what could be this. . .  Full story

In Kenmore sale, Sears' pension liabilities come back to bite

07h00 Sears Holdings Corp is facing a familiar foe in its bid to sell off the Kenmore appliances brand: the U.S. government body that oversees the pensions for the company's 100,000 retirees.. . .  Full story

listed Chinese biotech Zai Lab plans Hong Kong float -sources

06h45 . . .  Full story


Japanese nuclear power companies in talks over alliance -source

06h59 Four of Japan's biggest nuclear operators and plant builders have started talks on a potential partnership in atomic energy, as the sector struggles to reboot in the wake of the Fukushima disaster seven years. . .  Full story

China's Hebei plans more rail, river freight to cut truck pollution

06h57 The smog-prone Chinese province of Hebei is aiming to slash road freight in favour of rail and river transport over the next two-and-a-half years as part of efforts to improve air quality, officials said.. . .  Full story

JGBs dip as stronger risk appetite lifts stocks

06h49 Japanese government bond prices dipped on Wednesday as stronger investor risk appetite lifted equity markets, denting demand for safe-haven debt.. . .  Full story


Yuan inches up for 5th day, eyes on US trade talks, tariffs

07h05 China's yuan inched up against the U.S. dollar on Wednesday as the greenback weakened but traders were reluctant to take fresh positions ahead of the start of the latest round of Sino-U.S. trade talks. . .  Full story

Dollar remains on defensive, U.S.-China trade talks awaited

07h02 The dollar remained on the defensive on Wednesday, as U.S. President Donald Trump's comments on monetary policy continued to weigh on the greenback and as markets awaited U.S.-China trade talks and Federal Reserve minutes for. . .  Full story

Most Asian shares edge up after Wall St gains, but China down

05h50 Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street's rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days. . .  Full story


Ivory Coast bank woes threaten to slow early cocoa purchases

20/08 Poor liquidity within Ivory Coast's banking system caused by the collapse of the top cocoa producer's largest domestic exporter risks hindering exports at the start of the upcoming main crop, exporters. . .  Full story

Nairobi Securities Exchange suspends trading of Kenya's ARM Cement

20/08 The Nairobi Securities Exchange (NSE) said on Monday it had suspended trading of Kenya's ARM Cement three days after it was put under administration.. . .  Full story

CEO of Kenya's Arm Cement to quit but remain board member

16/08 Arm Cement's chief executive said on Thursday he planned to leave his post as part of a shake-up at the Kenyan cement maker, but would stay on as a board member.. . .  Full story


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