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Stor-Age Property REIT Says Prescient Investment Management Holds 5.17% Of Co's Total Issued Ordinary Share Capital

08/01 Stor-Age Property REIT Ltd:  Full story

Adani Power drives 21% jump in Indian utilities' coal imports in 2019

12h03 Indian utilities' coal imports jumped 21% last year, rebounding after a three-year slide mainly due to increased purchases by an Adani Power plant in western India, government data showed on Wednesday.  Full story


SA Business

Ghana, Kenya and Nigeria to keep interest rates on hold this month

16h59 Central banks in Ghana, Kenya and Nigeria will leave interest rates stable in coming days as they keep an eye on inflation and wait to see how an initial U.S.-China trade. . .  Full story

South African Airways should be saved, says ruling ANC

16h29 Heavily-indebted South African Airways (SAA) should be retained as a national airline but needs substantial restructuring, a top official in the governing African National Congress (ANC) party said on Wednesday.. . .  Full story

South African miner Samancor Chrome says may cut nearly 2,500 jobs

14h50 South African miner Samancor Chrome said it could cut close 2,500 jobs in response to weak chrome prices and power supply problems, according to a letter to unions seen by Reuters on Wednesday.. . .  Full story

SA Company

Britain's Just Eat rejects raised offer from Prosus

10/12 Just Eat rejected a raised takeover offer from Dutch-based technology group Prosus on Tuesday because it significantly undervalued the company and said it continued to back a rival all-share offer from . .  Full story

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

Live News Wire

Trump has parting words for the star of Davos, Greta Thunberg

17h13 Just before he departed the slopes of Davos, U.S. President Donald Trump had some final words for Greta Thunberg, saying he would have loved to have seen her speak at the World Economic Forum.  Full story

Warren calls on big U.S. banks to disclose preparation for climate risk

17h11 U.S. Senator Elizabeth Warren, a contender for the Democratic Party's presidential nomination, is asking the biggest U.S. banks for details on their assessments of and preparations for risks related to global warming.  Full story

Safe-haven currencies slip as China virus worries ebb

17h07 The U.S. dollar edged lower on Wednesday and the Japanese yen and the Swiss franc slipped amid muted demand for safe haven units as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.  Full story


Trump threatens big tariffs on car imports from EU

17h05 U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal.. . .  Full story

Divisive 'dividend recap' deals return in red hot debt market

16h54 Two buyout firms are raising debt this week at companies they own to pay themselves dividends, a move criticised by some investors as putting short-term rewards ahead of long-term business interests.. . .  Full story

Fiat Chrysler CEO: Peugeot merger talks progressing well

16h51 Fiat Chrysler's chief executive Michael Manley said on Wednesday merger talks with Peugeot owner PSA to create the world's No. 4 carmaker are progressing well and he hopes to have a deal sealed within 12-14. . .  Full story


Baltic index dips to near 1-year low on seasonal weakness

17h05 The Baltic Exchange's main sea freight index fell to its lowest since February on Wednesday, hurt by a seasonal slowdown in demand amid higher costs for shipowners due to a new regulation for shipping. . .  Full story

U.S. existing home sales surge to near two-year high

17h00 U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft. . .  Full story

Philly refinery sale draws $240 mln winning bid from real estate developer

16h55 Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday.. . .  Full story


Thailand's $105 bln budget faces further delay

16h38 Thailand's 3.2 trillion baht ($105.40 billion) budget for the current fiscal year, aimed at reviving a flagging economy, faces further delay as lawmakers seek a court ruling on the validity of the parliament vote. . .  Full story

Facing economic crisis, Lebanon's government weighs options

16h26 Lebanon's Hezbollah-backed government will walk a political tightrope as it moves to urgently secure foreign funding to ward off financial collapse and could look to the International Monetary Fund (IMF) for assistance.. . .  Full story

Mumbai bets on all-night shopping to lift India's economy

16h22 Residents of Mumbai will be able to shop and dine out until dawn from late this month as the Indian city plans to lift restrictions on retail trading hours in order to boost the. . .  Full story


Nigeria to resume mining in Zamfara state in Q1 -minister

14h52 Nigeria will lift a ban on mining in Zamfara state by the end of March after the government deployed a surveillance team to stifle illegal activity in the northwestern region, the. . .  Full story

Fuel and gas processing continue at Libya's Zawiya refinery despite oil stoppage -employees

20/01 Fuel and gas processing at Libya's Zawiya refinery were continuing normally on Monday despite a halt to loadings from El Sharara oilfield, two refinery employees said.. . .  Full story

Libya's oil output to drop to 72,000 bpd in a few days- NOC

19/01 Libya's oil output will be slashed to 72,000 barrels per day (bpd) within a few days if blockades of oil facilities continue, a National Oil Corporation (NOC) spokesperson said on Sunday.. . .  Full story


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