Most Read Today

Eskom power cuts to hit South Africa GDP -Goldman Sachs

22/03 Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.. . .  Full story

Cruise ship reaches Norway port after near disaster, dramatic rescues

17h07 A luxury cruise ship that had set sail with almost 1,400 passengers and crew aboard arrived at a port in Norway on Sunday after narrowly escaping disaster when its engines failed during a storm.. . .  Full story

Trump taps a strident Powell critic for spot on Fed board

22/03 President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that. . .  Full story

Eskom planned power cuts to hit South Africa Q1 GDP growth -Goldman Sachs

21/03 Severe planned power cuts - termed "load-shedding" - at South Africa's state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.. . .  Full story

Wall St tumbles on global economic slowdown fears

22/03 Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes posting their biggest one-day percentage declines since Jan. 3, as weak factory data from the United States and Europe. . .  Full story

EU leaders call for end to "naivety" in relations with China

22/03 European Union leaders called for an end to naivety on Friday in relations with Beijing and said China was a competitor whose markets were not sufficiently open, although they did not spell out specifically. . .  Full story

MTN - results of MTN Zakhele Futhi Offer

22/11 Unless defined in this announcement or if the context dictates otherwise, capitalised terms used in this announcement have the same meanings as given in the circular to MTN Shareholders dated 6. . .  Full story

South Africa's rand flat after post Fed rally

22/03 South Africa's rand traded sideways early on Friday in subdued volumes following a bank holiday and a quiet session in Asia, pausing a Fed-inspired rally that had lifted the currency away. . .  Full story

Trump reverses first N.Korea sanctions since failed summit after one day

22/03 U.S. President Donald Trump on Friday reversed sanctions imposed on North Korea by the U.S. Treasury Department just a day earlier and the White House said he was doing so because he "likes" North. . .  Full story

China's Sinopec lifts upstream capex to four-year high, plans record crude runs

13h13 Asia's top refiner China Petroleum & Chemical Corp (Sinopec) boosted spending on exploration and production by 41 percent last year as crude oil reserves tumbled at its biggest oilfield.. . .  Full story

Most Read Yesterday

Eskom power cuts to hit South Africa GDP -Goldman Sachs

22/03 Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.. . .  Full story

Trump taps a strident Powell critic for spot on Fed board

23/03 U.S. President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move. . .  Full story

South Africa's rand flat after post Fed rally

22/03 South Africa's rand traded sideways early on Friday in subdued volumes following a bank holiday and a quiet session in Asia, pausing a Fed-inspired rally that had lifted the currency away. . .  Full story

Wall St tumbles on global economic slowdown fears

22/03 Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes posting their biggest one-day percentage declines since Jan. 3, as weak factory data from the United States and Europe. . .  Full story

Eskom planned power cuts to hit South Africa Q1 GDP growth -Goldman Sachs

21/03 Severe planned power cuts - termed "load-shedding" - at South Africa's state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.. . .  Full story

EU leaders call for end to "naivety" in relations with China

22/03 European Union leaders called for an end to naivety on Friday in relations with Beijing and said China was a competitor whose markets were not sufficiently open, although they did not spell out specifically. . .  Full story

Autonomy founder Lynch set for $5 bln Hewlett-Packard court showdown

22/03 Mike Lynch, once hailed as Britain's answer to Bill Gates, faces Hewlett-Packard (HP) in London's High Court on Monday in a multi-billion dollar showdown over the U.S. technology company's 2011 purchase of the Autonomy software. . .  Full story

Some Boeing 737 MAX orders in jeopardy, U.S. pilots try software fix

22/03 Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes, although industry analysts said. . .  Full story

Tencent to cut reliance on China gaming after profit hit

21/03 Tencent Holdings signalled it will reduce its reliance on gaming in China, where a regulatory review and one-off investment costs led to its sharpest-ever quarterly profit drop and slowest annual profit growth in 13 years.. . .  Full story

Passengers airlifted from cruise ship in storm off Norway

23/03 Rescue helicopters evacuated dozens of people from a luxury cruise ship which suffered engine failure on Saturday in stormy weather off the west coast of Norway, police and rescue workers said.. . .  Full story

Most Read This Month

Aspen to split South African pharma business after disposal of non-core assets

07/03 Multinational drugmaker Aspen Pharmacare said it will split its South African Commercial Pharmaceuticals business into two divisions as it disposes of non-core assets to reduce its debt.. . .  Full story

Ex-CEO, seven others responsible for Steinhoff fraud, new CEO tells lawmakers

19/03 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO told lawmakers on Tuesday.. . .  Full story

Former Steinhoff chairman Wiese open to talks over $4 bln claim

18/03 Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the. . .  Full story

Africa's top pay-TV group MultiChoice jumps 15 percent on JSE debut

27/02 Shares in Africa's biggest pay-TV group MultiChoice leapt around 15 percent on its market debut on Wednesday, launching the company straight into the top-40 firms on Johannesburg's bourse.. . .  Full story

Suspended Steinhoff CFO helps authorities with fraud investigation

20/03 The suspended former chief financial officer of Steinhoff is helping authorities with investigations into $7 billion-plus accounting fraud at the South African retailer, he said on Thursday.. . .  Full story

S.Africa's Group Five in business rescue after lenders pull plug

12/03 South African builder Group Five filed for bankruptcy protection on Tuesday after lenders pulled funding, threatening the collapse of one of the biggest names in the local construction industry and more. . .  Full story

Aspen interim results December 2018

07/03 Revenue for the interim period moved up by 1% to R19.7 billion (2017: R19.5 billion), gross profit grew 2% to R10.2 billion (2017: R10 billion) and operating profit was 6%. . .  Full story

Ethiopian plane smoked and shuddered before deadly plunge

11/03 The Ethiopian Airlines plane that crashed killing 157 people was making a strange rattling noise and trailed smoke and debris as it swerved above a field of panicked cows before hitting earth, according to witnesses.. . .  Full story

South Africa steps up power cuts after fault at new mega plant

14/03 South Africa's state utility Eskom stepped up power cuts on Thursday after a breakdown at its mammoth Kusile power plant project exacerbated a shortfall of generating capacity, reminding investors of. . .  Full story

South Africa's startup TymeBank could break even by 2022

27/02 TymeBank, one of several digital-only startups aiming to shake up South Africa's banking industry, could break even by 2022, the bank's executives said on Tuesday.. . .  Full story

Shares in S.Africa's Aspen plunge on debt, slow sale proceeds

08/03 Shares in Aspen Pharmacare lost almost a third of their value on Friday on concerns about ballooning debt at Africa's biggest drugmaker and delays in the sale of an infant formula. . .  Full story

Remgro interim results December 2018

19/03 Sales for the interim period increased to R30.3 billion (2017: R14 billion) whilst trading profit rose to R2.7 billion (2017: R741 million). Net profit for the period attributable to equity holders. . .  Full story

South Africa appoints experts to lead Eskom reform

05/03 South Africa has appointed 11 industry experts to investigate failures at power company Eskom's ageing coal-fired stations and other breakdowns that have caused the worst electricity shortages in a decade, the. . .  Full story

South Africa's power cuts to continue as Eskom battles shortages

18/03 South Africa's state utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa's efforts to boost investments and economic. . .  Full story

South Africa's Standard Bank to cut around 1,200 jobs, close 91 branches

14/03 South African lender Standard Bank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank, it said on Thursday.. . .  Full story

S.Africa's Tsogo Sun CEO to retire, hotel business spin-off to go ahead

15/03 South African hotelier and casino operator Tsogo Sun said on Friday it is going ahead with the spinoff of its hotel business, as it announced its chief executive would retire in June.. . .  Full story

S.Africa's FirstRand CEO says likely to shrink branches

12/03 FirstRand will likely need to shrink its branch network over the next decade as South Africa's largest retail bank looks to digitise and adopt a platform model offering services beyond banking, CEO Alan Pullinger said. . .  Full story

Shares in South Africa's Tongaat fall to lowest level since 1993

11/03 Shares in South Africa's Tongaat Hulett fell more than 14 percent early on Monday, after its announcement last week that it had appointed PricewaterhouseCoopers (PwC) to review past accounting practices.. . .  Full story

S.Africa's Old Mutual FY profit drops; co plans $138 mln buyback

11/03 Old Mutual Ltd posted a 12 percent drop in adjusted full-year profit on Monday, missing its 2018 targets as a sluggish economy weighed on South Africa's No.2 insurer's first year as. . .  Full story

South Africa's MTN slides on profit guidance below forecasts

01/03 Shares in MTN Group fell as much as 5.4 percent on Friday, a day after the South African mobile phone group announced guidance for annual profit that was lower than forecasts.. . .  Full story

No end date for South African power cuts as capacity shortages persist

19/03 South Africa's Public Enterprises Minister Pravin Gordhan said on Tuesday he cannot say yet when rolling blackouts will end, as power utility Eskom struggles with capacity shortages that threaten to thwart. . .  Full story

Sasol interim results December 2018

25/02 Turnover for the interim period shot up to R102.9 billion (2017: R88.2 billion) and earnings before interest and tax (EBIT) rose to R20.8 billion (2017: R11.8 billion). Earnings for the period. . .  Full story

Consortium to take minority stake in South Africa's Cell C

22/02 Blue Label Telecoms said on Friday a consortium had agreed to take a minority stake in South Africa's third largest mobile carrier Cell C, of which it owns 45 percent.. . .  Full story

S.African rand's recent slump is over, risks priced in

07/03 The recent slump in South Africa's rand is over and the currency will hover around current levels in the coming year as investors shrug off credit rating reviews and domestic elections,. . .  Full story

Old Mutual final results December 2018

11/03 Total revenue from continuing operations went down to R109.9 billion (R175.9 billion). Profit attributable to equity holders jumped to R36.6 billion (R14.4 billion). Furthermore, headline earnings per share grew to 306.9. . .  Full story

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

S.African regulator grants Eskom smaller tariff hikes than sought

07/03 South Africa's energy regulator Nersa on Thursday granted struggling state power firm Eskom average power price increases that were far below what the utility had asked for, saying it aimed to. . .  Full story

Aspen - results notification

04/03 Shareholders are advised that Aspen intends releasing its results for the half-year ended 31 December 2018 after market close on Thursday, 7 March 2019 on SENS. This announcement will be followed. . .  Full story

South Africa's debt trajectory too high, no buffers for global crisis - cenbank

13/03 South Africa's rising debt trajectory will make it difficult to weather a significant global economic downturn, the central bank deputy governor said, adding it would take at least a decade to. . .  Full story

S.Africa's Sasfin, Hello Paisa launch bank for thousands without accounts

06/03 Banking group Sasfin and money transfer service Hello Paisa will launch a bank in South Africa this year, hoping to bring thousands of people into the financial system for the first time, the firms said. . .  Full story