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Retail sales up 0.7% y/y in June

Following a 1.9% increase in May.

Rand sinks as a downbeat Moody’s, Naspers spur a perfect storm

Moody says it sees South Africa's fiscal deficit at about 4% of GDP in the year through March 2019.

Moody’s sees slower fiscal progress in SA

Moody’s sees the country’s fiscal deficit at about 4% of GDP in the year through March 2019.

Crypto’s millennial mining tycoon is said to plan $3bn IPO

If the IPO goes as planned, it would represent a major test of investor appetite for digital-currency companies.

Stocks, emerging currencies, lick wounds as lira bounces for second day

Turkish lira extends bounce but dollar stays firm, while strengthening dollar puts pressure on commodities.

Vat hike had muted inflation impact – Sarb

The one percentage point increase in April impacted inflation.

SA’s economic recovery to be ‘weak and choppy’ – Sarb

South Africa's economic growth dropped below initial expectations.

Five things making headlines in South Africa today

June retail sales rise 0.7%, EastPlats results, Silas Ramaite appointed as acting head of NPA, Curro expands into townships.

China stocks deepen rout on economic worries, falling yuan

Shanghai stocks fall 2.1%, blue-chip CSI300 index falls 2.4%, while the yuan weakens to a 15 month low.

Copper collapses below $6 000 as investors flee from commodities

Other metals, crude oil and gold declined too.

Rand slips on Turkey concerns, dollar strength

Local currency is down 6% in the last week.

Turkey doubles tariffs on some US imports over economy ‘attacks’

Tariffs on passenger cars to doubled to 120%, on alcoholic drinks to 140% and on leaf tobacco to 60%.

Wall St gains on upbeat earnings, easing Turkey jitters

Turkish lira recovers ground, financial shares rebound.

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