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Most Read Today

Barloworld's Automotive CEO Keith Rankin Resigns

27/02 Barloworld Ltd:  Full story

South Africa's Denel tells unions it can't honour court ruling on salaries

07/08 South Africa's struggling state defence firm Denel told trade unions on Friday that it cannot honour a court ruling that it should pay outstanding salaries by Friday, a letter from Denel's lawyers to the unions' lawyers seen by Reuters showed.  Full story

Most Read This Week

Intesa seeks to boost dividend in 2021 after UBI deal

04/08 Intesa Sanpaolo beat forecasts with its second quarter earnings on Tuesday and gave an upbeat dividend and profit outlook days after completing the takeover of smaller rival UBI.  Full story

Banco BPM says on merger alert after Intesa UBI tie-up

06/08 Banco BPM, Italy's third-largest bank, is on alert for expected further consolidation in the banking sector following Intesa Sanpaolo's takeover of smaller rival UBI, the bank's chief executive said on Thursday.  Full story

 

SA Business

South Africa's rand falls, stocks snap bull run

07/08 South Africa's rand fell on Friday as the dollar regained momentum and the country's stock market corrected by over a percent, dragged down by bourse heavyweight Naspers Ltd.. . .  Full story

South Africa tries to recover over $23 mln from SAP for 'unlawful' contracts

07/08 South African investigators are seeking to recover more than 400 million rand ($23 million) from German software firm SAP for two government contracts they allege were entered into unlawfully, court documents. . .  Full story

South Africa's Denel tells unions it can't honour court ruling on salaries

07/08 South Africa's struggling state defence firm Denel told trade unions on Friday that it cannot honour a court ruling that it should pay outstanding salaries by Friday, a letter from Denel's. . .  Full story
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SA Company

Shoprite lifted by sales jump and potential Nigeria exit

03/08 Shoprite Holdings could become the latest South African retailer to retreat from other African markets after it said on Monday that it is considering reducing or selling all of its stake in its Nigerian subsidiary.. . .  Full story

Anglogold Ashanti CEO to step down on Sept. 1

30/07 Gold miner AngloGold Ashanti's chief executive Kelvin Dushnisky will step down on Sept. 1, the company said on Thursday, without giving a reason for the change in leadership.. . .  Full story

Sasol expects delay in last unit in U.S. project to come onstream

23/07 South Africa's Sasol said on Thursday a unit damaged by fire at its Lake Charles Chemical Project (LCCP) should reach meaningful output by October, a month later than previous guidance.. . .  Full story
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Live News Wire

Trump signs coronavirus relief orders after talks with Congress break down

01h57 President Donald Trump signed executive orders on Saturday partly restoring enhanced unemployment payments to the tens of millions of Americans who lost jobs in the coronavirus pandemic, as the United States marked a grim milestone of 5 million cases.  Full story

Tax cuts, reduced unemployment benefits: What's in Trump's coronavirus executive orders

00h42 After failing to reach a deal with the U.S. Congress for a fresh round of coronavirus pandemic relief, President Donald Trump signed a series of executive orders aimed at pumping up America's pandemic-hit economy.  Full story

Eastman Kodak's $765 million U.S. loan agreement on hold after recent allegations

08/08 Eastman Kodak Co's $765 million loan agreement with the U.S. government to produce pharmaceutical ingredients has been put on hold due to "recent allegations of wrongdoing," the U.S. International Development Finance Corp (DFC) said.  Full story
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Europe

Nokia's new CEO working on setting strategy in 'dream job'

08/08 Nokia's new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker as he works toward setting a strategy, as the company jostles for position in the. . .  Full story

Botswana diamond exports fall by two thirds on COVID-19

08/08 Botswana's rough diamond exports plunged 68% percent in the second quarter of the year, data published by the central bank showed on Friday, as the Coronavirus pandemic hit demand while global. . .  Full story

Brazilian billionaire Lemann leads initiative to build COVID-19 vaccine factory

08/08 Brazilian billionaire Jorge Lemann's foundation and other business interests will fund the building of factory to produce the COVID-19 vaccine being developed by Oxford University and pharmaceutical company AstraZeneca PLC.. . .  Full story
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US

Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown

08/08 Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit, as the coronavirus pandemic caused widespread pain at Warren Buffett's conglomerate.. . .  Full story

Trump advisers urge delisting of U.S.-listed Chinese firms that fail to meet audit standards

08/08 China on Saturday called for frank dialogue and closer cooperation in reaction to news that Trump administration officials had urged the U.S. president to delist Chinese companies that trade on U.S. exchanges and fail to. . .  Full story

Huawei to stop making flagship chipsets as U.S. pressure bites, Chinese media say

08/08 Huawei Technologies Co will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows.. . .  Full story
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Asia

Libya's National Oil Corp warns of dangers at oil ports

08/08 The chairman of Libya's National Oil Corp (NOC) on Saturday warned against the risk of a disaster at the country's oil ports due to a growing military presence with storage tanks held at capacity. . .  Full story

Hezbollah denies storing weapons at Beirut port depot

07/08 Hezbollah's leader on Friday denied accusations that his Iran-backed movement has arms warehoused at Beirut port, calling for an investigation into the biggest explosion to hit the Lebanese capital.. . .  Full story

Lebanon navigates food challenge with no grain silo and few stocks

07/08 Lebanon's government holds no strategic stockpile of grains and Tuesday's blast destroyed the privately held stocks at its only large grain silo, the economy minister, a U.N. official and a regional grain expert told Reuters.. . .  Full story
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Forex

Dollar climbs after jobs data but logs 7th straight weekly fall

07/08 The U.S. dollar bounced on Friday after U.S. job growth for July helped ease some investor worries on the U.S. labor market, but the currency logged a seventh straight week of declines.. . .  Full story

Dollar gains, stocks ebb after jobs data halts rally

07/08 The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the. . .  Full story

U.S. stocks to rise regardless of Trump or Biden win, Guggenheim CIO says

07/08 Easing uncertainty will likely drive U.S. stocks higher after the Nov. 3 presidential election, regardless of whether Democratic candidate Joe Biden or Republican President Donald Trump wins, Scott Minerd of Guggenheim Investments said.. . .  Full story
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Africa

World Bank approves $114 mln for Nigeria's COVID-19 response

07/08 The World Bank has approved $114 million to help Nigeria tackle its coronavirus pandemic, the global lender said on Friday.. . .  Full story

Co-op Bank Kenya to complete Jamii Bora Bank acquisition this month -central bank

07/08 Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country's central bank said on Friday, marking further consolidation in. . .  Full story

Lewis Group Sees FY HEPS 282.2 CPS - 237.0 CPS

07/08 Lewis Group Ltd:. . .  Full story
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