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Most Read Today

Ecsponent's Unit Concludes Agreement With Makaha Mining Cooperative Society On JV

05/11 Ecsponent Ltd:  Full story

S.Korea stocks fall as trade hopes wane on Trump comments

04/12 Round-up of South Korean financial markets: ** South Korean shares shed more than 1% on Wednesday after U.S. President Donald Trump's remarks undermined optimism for a quick initial trade deal with China. The won and the benchmark bond yield fell. ** By 0214 GMT, the Seoul stock market's m  Full story

South African retailer TFG to review Kenya, Ghana stores

15/08 South African fashion retailer TFG will decide next year whether to continue trading in Kenya and Ghana where it has at least six stores in each market, Chief Executive Officer Anthony Thunstrom said on Thursday.  Full story

Most Read This Week

Investec expects 189 mln stg from asset management spin-off in March

29/11 Anglo-South African financial services group Investec expects to raise about 189 million pounds ($242 million) from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March.  Full story

 

SA Business

African Markets - Factors to watch on Dec. 4

04/12 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Asian shares. . .  Full story

Lawyer says establishing Mugabe's assets will take a long time

03/12 The process of establishing the assets of the late Robert Mugabe will take some time, his lawyer said on Tuesday, casting doubt on a state media report that the former Zimbabwean leader left $10. . .  Full story

South African rand, stocks slide after GDP shrinks

03/12 South Africa's rand fell sharply on Tuesday after third quarter economic growth showed a surprise contraction, underlying the weak state of the economy and growing risk of credit downgrades.. . .  Full story
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SA Company

Unions up ante at South African Airways as finances approach crunch

20/11 Unions are escalating a crippling strike at South African Airways (SAA) after talks broke down, leaving the state-run carrier at risk of liquidation without a government guarantee to secure bank funding, a board member said.. . .  Full story

Capitec Bank Says Final Purchase Price Is R3,56 Bln For Mercantile Bank

31/10 Capitec Bank:. . .  Full story

Losses more than double at South African construction group Aveng

29/08 South African construction group Aveng on Thursday said its net operating loss more than doubled in the latest financial year, highlighting the challenges the company faces as it embarks on a turnaround strategy.. . .  Full story
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Europe

Gold near 1-month high as trade drag lifts safe-haven demand

04/12 Gold prices on Wednesday hovered near a one-month high hit in the previous session, as comments from U.S. President Donald Trump dashed market hopes for a quick preliminary agreement with China, driving support for. . .  Full story

Nickel extends losses on fears of longer, expanded trade war

04/12 Nickel prices slid on Wednesday, with the Shanghai benchmark hitting its lowest in more than four months, on concerns that an expanded and longer trade war may dent demand for the key ingredient in. . .  Full story

Oil rises before OPEC+ meet, lifted by drop in U.S. crude stocks

04/12 Oil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell. . .  Full story
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US

Wheat drops for third session on supply pressure, soybeans tick higher

04/12 Chicago wheat futures fell for a third consecutive session on Wednesday, dropping to their lowest in more than a week on pressure from ample world supplies. Corn fell for a second. . .  Full story

Hong Kong police retrieve fresh trove of petrol bombs from university

04/12 Police in Hong Kong this week re-entered the campus of a university it besieged for more than 10 days last month, gathering newly discovered chemicals and petrol bombs hoarded by anti-government protesters in the Chinese-ruled. . .  Full story

China capex growth hits 3-year low as weak economy, trade war drag

04/12 Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves,. . .  Full story
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Asia

Hong Kong stocks hit near 2-month low on trade worries; China also falls

04/12 Hong Kong stocks hit a near two-month low on Wednesday, as hopes of a quick initial trade deal were dented following U.S. President Donald Trump's remarks.. . .  Full story

-Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

04/12 The institutional tranche of Saudi Aramco's planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday.. . .  Full story

India's services industry returns to growth in Nov on strong demand-PMI

04/12 India's dominant services sector bounced back to growth in November, expanding at its fastest pace in four months, driven by a strong pick-up in new business, a private sector survey showed on Wednesday.. . .  Full story
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Forex

Yuan hits 5-1/2-week lows as Trump heightens tariff threat

04/12 The yuan dropped to its weakest level since late October on Wednesday as U.S. President Donald Trump once again threatened to extend the 17-month long trade war with China, raising the spectre of fresh. . .  Full story

Australia dlr falters as downbeat GDP fuels rate cut bets

04/12 The Australian dollar slipped from three-week highs on Wednesday after disappointing domestic data underlined expectations for additional rate cuts and offset more upbeat economic news from China.. . .  Full story

Shares slide as Trump raises spectre of longer, wider trade war

04/12 Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick. . .  Full story
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Africa

Geingob wins 56.3% of vote in Namibian presidential election - Electoral Commission

30/11 Namibia's incumbent President Hage Geingob has won 56.3% of the vote in the 2019 presidential election, the Electoral Commission of Namibia (ECN) said on Saturday.. . .  Full story

AfDB approves $210 mln loan for Nigeria's power transmission project

30/11 The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network.. . .  Full story

Kenyan shilling under pressure from end month importer demand

29/11 The Kenyan shilling was under pressure on Friday from end month dollar demand from merchandise importers and the energy sector, traders said. At 1003 GMT, commercial banks quoted the. . .  Full story
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