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Gold Fields comes under fire for job cuts

Gold Fields comes under fire for job cuts
15 August 2018 / Nastassia Arendse and Arabile Gumede
M&A activity shows SA remains attractive for future investment

M&A activity shows SA remains attractive for future investment
15 August 2018 / Arabile Gumede and Nastassia Arendse
Retail sales up 0.7% y/y in June

Retail sales up 0.7% y/y in June

Olivia Kumwenda-Mtambo, Reuters / 15 August 2018
Following a 1.9% increase in May.
Rand sinks as a downbeat Moody’s, Naspers spur a perfect storm

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

UPDATE
Robert Brand and Colleen Goko, Bloomberg / 15 August 2018
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 slower fiscal progress in SA

Ana Monteiro, Bloomberg / 15 August 2018
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

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

Crystal Tse and Manuel Baigorri, Bloomberg / 15 August 2018
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

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

Sujata Rao, Reuters / 15 August 2018
Turkish lira extends bounce but dollar stays firm, while strengthening dollar puts pressure on commodities.
Vat hike had muted inflation impact – Sarb

Vat hike had muted inflation impact – Sarb

Wendell Roelf, Reuters / 15 August 2018
The one percentage point increase in April impacted inflation.
SA’s economic recovery to be ‘weak and choppy’ – Sarb

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

Wendell Roelf, Reuters / 15 August 2018
South Africa's economic growth dropped below initial expectations.
Five things making headlines in South Africa today

Five things making headlines in South Africa today

Moneyweb / 15 August 2018
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

China stocks deepen rout on economic worries, falling yuan

Luoyan Liu and Andrew Galbraith, Reuters / 15 August 2018
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

Copper collapses below $6 000 as investors flee from commodities

Bloomberg News / 15 August 2018
Other metals, crude oil and gold declined too.
Rand slips on Turkey concerns, dollar strength

Rand slips on Turkey concerns, dollar strength

Alexander Winning, Reuters / 15 August 2018
Local currency is down 6% in the last week.
Turkey doubles tariffs on some US imports over economy ‘attacks’

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

Daren Butler, Reuters / 15 August 2018
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

Wall St gains on upbeat earnings, easing Turkey jitters

Stephen Culp, Reuters / 15 August 2018
Turkish lira recovers ground, financial shares rebound.

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