Most Read Today

COLUMN-Trump must choose between economy and trade war: Kemp

01h01 The White House is becoming increasingly volatile and erratic in its pronouncements about the economy and trade as the internal contradictions between its policies become obvious.. . .  Full story

China's Sinopec H1 profit falls 25% y/y over thin refining margins

01h00 China Petroleum and Chemical Corp, or Sinopec Corp , reported a 24.7 percent drop in earnings in the first half of 2019 on Sunday, dampened by rapid growth of domestic refining capacity and waning demand. . .  Full story

Australia's big banks gear up for capital raising rush

01h00 Australia’s biggest banks are expected to cut dividend payments and tap bond markets for more funding to cope with tougher capital requirements as regulators look to safeguard the sector from future market volatility, according. . .  Full story

China July rare earth magnets exports to U.S. rise 26% y/y

01h00 China's exports of rare earth magnets to the United States rebounded in July from the previous month, customs data showed on Sunday, as concerns linger that Beijing could restrict supply of rare earth products. . .  Full story

U.S. equity futures reopen lower, U.S.-China trade relations at new low ebb

00h21 U.S. stock index futures dropped when electronic trading resumed on Sunday, with trade relations between the United States and China appearing to reach a new low on Friday, sending Wall Street into a selling. . .  Full story

China July soy imports from U.S. up threefold as cargoes booked during truce arrive

01h00 China's July soybean imports from the United States jumped threefold from the previous year, customs data showed on Sunday, as cargoes booked by Chinese state firms during a trade truce arrived.. . .  Full story

Nigerian stocks drop to new two-month low

15/07 Nigerian stocks fell to a fresh two-month low on Monday, led down by banks and heavyweight Dangote Cement.. . .  Full story

Aspen final results June 2018

13/09 Revenue for the year increased by 3% to R42.596 billion (2017: R41.213 billion), gross profit rose 9% to R21.605 billion (2017: R19.896 billion), operating profit climbed 11% to R9.237 billion (2017:. . .  Full story

Most Read Yesterday

Protest chaos grips Hong Kong with tear gas, water cannon and pouring rain

25/08 Police fired water cannon and tear gas in running battles with brick-throwing anti-government protesters in Hong Kong on Sunday, the second day of violent clashes in the Chinese-ruled city.. . .  Full story

South Africa pledges fiscal discipline in sweeping health reform

23/08 A proposed switch to universal health coverage in South Africa will be managed in a fiscally responsible way, a senior presidential aide told Reuters, forecasting the landmark reform would cost the. . .  Full story

UK PM Johnson says 39 bln stg divorce bill not due in no-deal Brexit

25/08 Prime Minister Boris Johnson said on Sunday that if Britain leaves the European Union without a deal, it will no longer legally owe the 39 billion pound ($47.88 billion) divorce bill agreed by his. . .  Full story

Naspers - results of GM

23/08 Naspers N Shareholders and A Shareholders (Shareholders) are referred to: (i) the announcement made by the Company on 25 March 2019 in relation to the Company's intention to form a new global. . .  Full story

South Africa's rand firms as deficit fears ease

23/08 South Africa’s rand firmed early on Friday, bucking a downtrend among its emerging market peers, as concerns about South Africa's budget eased slightly.. . .  Full story

Wall Street plunges as U.S.-China trade war intensifies

23/08 Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate. . .  Full story

Trump calls on U.S. firms to exit China as trade war escalates

23/08 President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.. . .  Full story

Naspers - results of AGM

23/08 The 105th annual general meeting (AGM) of Naspers was held in the Cape Town International Convention Centre 2 (CTICC2), Corner of Heerengracht and Rua Bartholomeu Dias, Foreshore, Cape Town, South Africa.. . .  Full story

U.S. oil rig count at Jan 2018 low in deepest cut since April -Baker Hughes

23/08 U.S. energy firms this week cut the most oil rigs in about four months, with the rig count falling to the lowest since January 2018, as producers cut spending on new drilling and completions.. . .  Full story

Most Read This Month

South Africa's rand, bonds tumble as Moody's Eskom warning sours sentiment

26/07 South Africa's rand tumbled to its weakest in three weeks on Friday, while the cost of government and power utility Eskom's debt shot up as the risk grew of a credit. . .  Full story

African cattle investing - the new cash cow?

29/07 Cattle have long been considered a measure of wealth across Africa - but it is not just farmers cashing in.. . .  Full story

Steinhoff's 'only way to survive': slim down, sell assets

13/08 Scandal-hit Steinhoff's only hope for survival is to sell off assets to become a retail-focused holding company, it said on Tuesday, as it fights to recover from a $7 billion accounting fraud and share price. . .  Full story

Stocks, oil tumble as Trump escalates trade war with China

01/08 U.S. President Donald Trump sent financial markets reeling on Thursday when he announced additional tariffs on Chinese products, as traders worried not only about the escalation of the trade war but also the effect on. . .  Full story

South Africa's rand slips to new 11-month worst as local politics weigh

12/08 South Africa's rand weakened on Monday, stretching losses to a new 11-month low as political uncertainty and a bleak economic outlook was worsened by uncertainty over the chances of a resolution to the trade standoff. . .  Full story

South Africa's Sasol delays results due to U.S. project glitch

16/08 South Africa-based chemicals and energy company Sasol Ltd said on Friday it would delay the release of its 2019 financial results due to possible "control weaknesses" at its U.S. ethane cracker project.. . .  Full story

South African court rules Old Mutual CEO dismissal unlawful

30/07 Shares in South Africa's Old Mutual fell on Tuesday after a High Court judge ruled that the company's suspension and subsequent dismissal of CEO Peter Moyo earlier this year was unlawful. . .  Full story

S.Africa debt "becoming uncomfortable", but no bailout requested - IMF

15/08 South Africa's public debt, which is approaching rating agencies' red line of 60% of economic output, is reaching uncomfortable levels, an IMF official said on Thursday.. . .  Full story

South Africa's Harmony Gold eyes potential in AngloGold Ashanti assets

20/08 South Africa's Harmony Gold is interested in many projects including AngloGold Ashanti's Mponeng operations, CEO Peter Steenkamp said on Tuesday.. . .  Full story

S.African treasury says it is aware of Eskom risk after Fitch cuts outlook

26/07 South Africa is aware of the "strain and risk" posed by failing state firms, particularly Eskom, and will do more to contain debt, National Treasury said on Friday after the ratings. . .  Full story

Woolworths sees annual profit hit, writes down Australian business

01/08 South Africa's Woolworths Holdings expects annual earnings to decline and has written down the value of its David Jones business, which is struggling to contend with subdued consumer spending in a. . .  Full story

South African stocks approach six months low as recession fears rise

14/08 South African stocks slipped to a near six-month low on Wednesday after the U.S. Treasury bond yield curve inverted for the first time since 2007, reflecting concerns over the outlook for the world's biggest economy.. . .  Full story

South Africa's Eskom urgently needs turnaround plan: Moody's

06/08 South Africa's state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable, credit ratings agency Moody's said on Tuesday in a report which sent the rand. . .  Full story

Nedbank interim results June 2019

06/08 Net interest income for the interim period increased by 9.9% to R13.4 billion (2018: R12.7 billion), operating income rose 2.7% to R21.4 billion (2018: R20.8 billion), while profit attributable to ordinary. . .  Full story

Nedbank demands action on ecomomy as South African profit stagnates

06/08 Nedbank called for more urgent government action to fix South Africa's struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined.. . .  Full story

South Africa to roll out sweeping health reform in stages

23/08 A proposed move to universal health coverage in South Africa will be rolled out in stages as the budget improves, a senior presidential aide told Reuters, forecasting the landmark reform would cost $2.2 billion. . .  Full story

British American Tobacco's takeover of Twisp wins S.Africa approval

13/08 British American Tobacco's (BAT) proposed takeover of e-cigarette maker Twisp won approval from South Africa's Competition Tribunal on Tuesday after the UK-based group agreed to a series of conditions.. . .  Full story

South Africa's rand hits 7-week low as trade tensions heat up

05/08 South Africa's rand slipped to seven-week lows against the dollar on Monday, as prospects of a sharp escalation in the U.S.-China trade war turned investors risk-averse.. . .  Full story

S.African education firm Curro to invest $14 mln in 4 new campuses

14/08 South African private education firm Curro Holdings will invest 223 million rand ($14.66 million) in opening four new campuses, it said on Wednesday, after reporting a 44% rise in half-year headline earnings.. . .  Full story

South African sugar producer Tongaat to delist from LSE

02/08 South African sugar producer Tongaat Hulett will delist its shares from the London Stock Exchange to cut costs and streamline its shareholding structure amid low trading volumes in the London-listed stock, the company said on. . .  Full story

Aspen: Plunges as $9.65 mln fine adds to debt concerns

14/08 hares of South African pharma group Aspen Pharmacare slide 6.28% to 69.83 rand. . .  Full story

Quilter interim results June 2019

05/08 Total revenue for the interim period shot up to GBP5.5 billion (GBP772 million) whilst loss attributable to equity holders came in at GBP17 million (GBP342 million). In addition, headline loss per. . .  Full story

Ramaphosa is "last hope" for South Africa, Chinese diplomat says

29/07 South African President Cyril Ramaphosa is the "last hope" for Africa's most advanced economy, but his government must turn incentive policies into laws to secure more Chinese investment, a senior Chinese diplomat told Reuters.. . .  Full story

South Africa's Shoprite shares surge on improved H2 sales

30/07 Shares in Shoprite Holdings surged 15% on Tuesday after Africa's largest supermarket chain forecast an improved second half on solid sales in its South African home market though it warned annual earnings were set to. . .  Full story

South Africa to consider new nuclear in affordable way

20/08 South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said on Tuesday.. . .  Full story

South Africa's trade surplus widens in June

31/07 South Africa recorded a 4.42 billion rand ($310.61 million) trade surplus in June after a revised 1.70 billion rand surplus in May, data from the revenue service showed on Wednesday.. . .  Full story

South Africa's Astral Foods CEO to take extended leave after surgery

14/08 South African poultry producer Astral Foods on Wednesday said its CEO will take extended leave to recuperate after cardiovascular surgery.. . .  Full story

South Africa's central bank governor says will go to war to protect independence

07/08 South Africa Reserve Bank Governor Lesetja Kganyago said on Wednesday he will fight to protect the central bank's independence if it is jeopardised by plans to bring it into public ownership.. . .  Full story

South Africa's rand falls as investors weigh local, global risks

19/08 South Africa's rand weakened on Monday as traders and investors continued to weigh heightened global growth risks against local uncertainty, while equities rose in line with global stock markets.. . .  Full story

Cash-strapped S.Africa state arms firm ordered to hand over taxes - union

20/08 South Africa's High Court ordered state arms maker Denel to hand over millions in employees' tax payments to the government, union officials said - a case that has refocused attention on. . .  Full story