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Most Read Today

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

Zimbabwe's Econet plots Botswana Mascom listing by October

23/04 Zimbabwean billionaire Strive Masiyiwa plans to list part of his Botswana telecoms operator Mascom by October this year, he said on Tuesday, in what he expects to be one of the biggest flotations on the Gaborone bourse.  Full story

CMH final results February 2019

23/04 Revenue for the year increased to R11.155 billion (2018: R10.573 billion), gross profit rose to R1.825 billion (2018: R1.766 billion), operating profit decreased to R411.2 million (2018: R438.4 million), profit attributable to equity holders of the company fell to R228.2 million (2018: R247.  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

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

 

SA Business

Astoria quarterly results March 2019

13h02 Total revenue for the quarter turned around to USD6 million (2018: loss of USD1.7 million), operating profit came in at USD190 000 (2018: loss of USD2.2 million), profit for the period. . .  Full story

South Africa's 2018/2019 maize crop seen down 15 percent on drought

12h46 South Africa is likely to harvest 15 percent less maize in 2018/2019 compared with the previous season after drought delayed plantings, a Reuters poll showed on Wednesday.. . .  Full story

MTN converts Nigerian unit to public company before planned listing

12h43 South African telecoms firm MTN has converted its Nigerian unit into a public company before its planned listing on the Nigerian bourse in the first half of the year.. . .  Full story
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SA Company

Standard Bank Says Financial Information Provided To Industrial And Commercial Bank Of China

08h41 Standard Bank Group Ltd:. . .  Full story

South Africa's rand slips on stronger dollar, stocks up

23/04 South Africa's rand fell more than 1 percent on Tuesday as a firmer U.S. dollar weighed on developing world currencies, while stocks closed higher.. . .  Full story

South Africa's Omnia in debt restructuring talks, shares jump

23/04 South Africa's Omnia Holdings said on Tuesday that its creditors had agreed to restructuring talks and there was no need for it to make any unscheduled repayment, sending shares in the chemicals and fertiliser maker. . .  Full story
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Live News Wire

Euro heads towards one-month low as sentiment sours

13h02 The euro fell towards a one-month low on Wednesday as the contrast between solid economic data in the United States and souring confidence measures in the euro zone kept the dollar supported near 22-month highs.  Full story

Futures flat ahead of Boeing earnings

12h49 U.S. stock index futures were largely unchanged on Wednesday after the S&P 500 and the Nasdaq closed at record highs in the previous session, with investors awaiting earnings from bellwethers Boeing and Caterpillar.  Full story

Japanese minister to meet U.S. treasury secretary, likely discuss currencies

12h47 Japanese Finance Minister Taro Aso will meet U.S. Treasury Secretary Steven Mnuchin in Washington on Thursday, with discussions widely expected to touch on currency issues on the sidelines of trade talks.  Full story
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Europe

UK's Hammond misses budget target but deficit hits 17-year low

12h43 Finance minister Philip Hammond missed his target for bringing down Britain's budget deficit in the 2018/19 financial year, data showed on Wednesday, even as the shortfall fell to its lowest in 17 years.. . .  Full story

Five Eyes will not use Huawei in sensitive networks - senior US official

12h42 None of the Five Eyes intelligence sharing nations will use technology from countries that pose a threat, such as Huawei and China in their "sensitive" telecoms networks, a senior U.S. official said on Wednesday.. . .  Full story

Gold inches up from multi-month low as dollar, equities take pause

12h38 Gold prices inched up from the previous session's four-month low on Wednesday, as a dollar rally relented and equities softened.. . .  Full story
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US

Saudi's Falih sees no need for swift output action after Iran oil waivers end

12h23 Saudi Arabia's energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added that the kingdom would. . .  Full story

Remy Cointreau confident on China growth prospects

12h10 French spirits company Remy Cointreau expressed confidence over its growth prospects in China, where robust demand for its premium cognac underpinned annual sales growth.. . .  Full story

Iran can export as much oil as it needs - supreme leader

12h08 Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that the country can export as much oil as it needs, his official website reported, as the United States prepares to end sanctions waivers it. . .  Full story
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Asia

India's copper exports fell 70 pct in 2018/19 - trade body

11h52 The value of India's copper products exports declined 70 percent in the year ended in March 2019 primarily due to the shutdown of Vedanta Ltd's copper smelter, an industry association said on Wednesday.. . .  Full story

Undeterred by Khashoggi murder, global executives return to Saudi Arabia

11h50 Global finance chiefs who boycotted a Saudi investment summit last year following the murder of journalist Jamal Khashoggi returned to Riyadh this week as the Gulf kingdom gets business back on track.. . .  Full story

Hong Kong stocks drop as rally loses steam

11h13 Hong Kong stocks fell on Wednesday, despite strength on Wall Street, as a strong rally since the start of the year showed signs of fatigue in recent weeks.. . .  Full story
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Forex

Brexit clouding UK outlook, limiting investment - UK's Hammond

11h45 British finance minister Philip Hammond said Brexit was creating "very significant" uncertainty about the economic outlook, deterring business investment and limiting his ability to make long-term plans on spending and taxes.. . .  Full story

Currencies ease slightly on weak German data

11h41 Central Europe's main currencies mostly eased slightly on Wednesday as the Ifo economic institute reported a surprise drop in business morale in Germany, the region's key export partner. The forint shed. . .  Full story

To avoid a 'flash crash', FX traders drop yen shorts and run bare

11h03 As Japan heads for an unprecedented market holiday, investors around the globe are fretting over the risk of a 'flash crash' or violent spasm in currencies that can occur when traders are away and. . .  Full story
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Africa

Tanzania denies blocking release of scathing IMF report

23/04 Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli's government of undermining economic growth with "unpredictable and interventionist" policies.. . .  Full story

Exports of four main Nigerian crude grades to rise in June - programmes

23/04 Exports of Nigeria's four main crude oil grades are set to jump in June to 895,000 barrels per day (bpd) from 740,000 bpd in May, according to preliminary loading programmes.. . .  Full story

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
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