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Most Read This Week

Italy out as World Cup games called off for first time due to typhoon

10/10 Rugby World Cup organisers were forced to call off matches for the first time in the tournament's 32-year history on Thursday - eliminating Italy as a result - saying the risk from Typhoon Hagibis made hosting them an impossibility on safety grounds.  Full story

South Africa's Tongaat mulls sale of assets, rights issue

07/10 South African sugar producer Tongaat Hulett said on Monday it is considering the possible sale of assets, a possible equity capital raise or a combination thereof in order to reduce the group's debt.  Full story

South Africa's rand, stocks fall as risk sentiment wanes

08/10 South Africa's rand and stocks weakened on Tuesday as concerns over the upcoming U.S.-China trade talks and escalating tensions between London and Brussels sparked a flight to safety, denting appetite for riskier but high-yielding assets.  Full story


SA Business

S.Africa's rand races to 3-week high on easing trade war, Brexit tensions

12/10 South Africa's rand powered to a 3-week best on Friday as emerging market currencies were boosted by thawing trade tensions between United States and China.. . .  Full story

Yields mixed at South Africa inflation-linked bond auction

11/10 South Africa sold a total of 1.040 billion rand ($70 million) of its 2025, 2033 and 2046 inflation-linked bonds, central bank data showed on Friday. Yields were mixed compared to. . .  Full story

South Africa's 3-month T-bill average yield higher at 6.93%

11/10 South Africa sold 770 million rand ($52 million) of three-month Treasury bills, less than the 2.4 billion rand on offer, at an average yield of 6.93%, central bank data showed on Friday.. . .  Full story

SA Company

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

South African drugstore Dis-Chem benefits from medicine price hike

28/08 South African drugstore chain Dis-Chem Pharmacies Ltd said on Wednesday that its revenues rose 13.5% in the five months through July, thanks to an increase in medicine prices and a jump in wholesale revenues.. . .  Full story

Bidcorp says UK logistics unit sale nearing completion

28/08 South African food services firm Bid Corporation Ltd (Bidcorp) said on Wednesday the sale of its UK logistics business was back on track and nearing completion, which would allow the group to focus on. . .  Full story

Live News Wire

UK employers slam $249 bln cost of Labour renationalisation plans

01h01 A British employers' group criticised on Monday what it said would be the "beyond eye-watering" cost of the opposition Labour Party's plans to return utilities, train companies and the Royal Mail to public ownership.  Full story

UK firms to cut costs and hiring in next 12 months - survey

01h00 Prolonged political uncertainty in Britain is forcing finance directors to cut costs and hold off hiring to help companies prepare for an unpredictable year ahead, according to a survey by Deloitte.  Full story

Australia calls for new probe into loan pricing by banks

13/10 The Australian government has ordered the competition watchdog to investigate why banks failed to pass on the central bank's three rate cuts this year in full, less than a year after a public inquiry exposed the industry for cheating customers.  Full story


India investing $60 bln on gas grid to link up nation by 2024

13/10 India, one of the world's largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions,. . .  Full story

Khamenei says any aggressor would regret attacking Iran

13/10 Iranian Supreme Leader Ayatollah Ali Khamenei said on Sunday that U.S.-allied Gulf Arab States were "under the will of the United States" and warned that any attacker would regret taking action against Iran, according. . .  Full story

Khamenei tells Iran's Guards to develop advanced, modern weapons

13/10 Supreme Leader Ayatollah Ali Khamenei told Iran's elite Revolutionary Guards on Sunday to develop more advanced and modern weapons, amid increasingly tense disputes with the United States and Gulf Arab states.. . .  Full story


Mexico president urges USMCA ratification, vowing to implement labor reform

13/10 Mexico's president said on Sunday he would send a letter to U.S. congressional Democrats vowing to implement a recent labor law, in a bid to assuage their concerns over worker rights and speed up. . .  Full story

What to watch in Q3 earnings from U.S. companies

13/10 U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs. . .  Full story

In planning for next U.S. recession, economists say, don't fret about debt

13/10 Economists are divided about when the next U.S. recession will arrive, but they largely agree on this: the country will need to fight it with a massive fiscal program, and be ready to swallow. . .  Full story


China reports new African swine fever outbreak in northwest province

13/10 China reported another outbreak of the African swine fever on Sunday in its northwestern province of Gansu, the Ministry of Agriculture and Rural Affairs said on its website.. . .  Full story

Saudi Arabia opens new logistics zone in Jeddah, eyes private investors

13/10 Saudi Arabia launched on Sunday a new logistics zone open to private investors in the Red Sea port city of Jeddah, as part of a wider industrial initiative to diversify the economy away from. . .  Full story

Egypt cuts stock exchange fees in bid to boost investments

13/10 The Egyptian Financial Regulatory Authority (FRA) said on Sunday it had approved lowering stock exchange trading fees to encourage investment and competitiveness with other regional markets.. . .  Full story


PM Johnson to set out post-Brexit law and order drive in Queen's Speech

13/10 Queen Elizabeth will on Monday announce several new pieces of legislation to reform Britain's justice system, in a ceremonial speech setting out Prime Minister Boris Johnson's post-Brexit plans.. . .  Full story

ECB's Holzmann calls current monetary policy "wrong", hopes for new course under Lagarde

13/10 New Austrian National Bank Governor Robert Holzmann sharply criticized the European Central Bank's ultra-easy monetary policy in an interview on Sunday and said he hoped for a new course under incoming chief Christine Lagarde.. . .  Full story

Countdown to divorce: Meetings that will decide Brexit

13/10 The following events will determine whether Britain exits the European Union as planned on Oct. 31 or the three-year-old Brexit saga takes another twist.. . .  Full story


Hundreds of Algerians protest against proposed energy law

13/10 Hundreds of Algerians protested in front of parliament on Sunday against proposed changes to the energy law that they say the caretaker government has no right to pass.. . .  Full story

Nigerian crude diffs crash as freight rates bite

12/10 Differentials for Nigerian crude oil grades continued to crash on Friday with the key grade being shown at its lowest level since 2005 owing to still rising freight rates as a. . .  Full story

Helios Towers Ltd IPO: Bookrunner Says Price Guidance 115 Pence - 125 Pence

11/10 HELIOS TOWERS LTD IPO:. . .  Full story


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