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LATEST Fast News  

Rand strong ahead of US Fed, stocks ease

28 Oct 2015 /  Reuters
Traders continue to sell MTN shares.

Vodacom’s acquisition of Neotel would harm competition – MTN

28 Oct 2015 /  Chris Spillane, Bloomberg
'Vodacom would be able to create a national LTE network, when its competitors are unable to do so,' it said.

SA white corn falls most in four months

28 Oct 2015 /  Tshepiso Mokhema, Bloomberg
Stocks are forecast to last through to the new season.
UPDATE

Glaxo profit tops estimates as HIV drug sales jumped

28 Oct 2015 /  Makiko Kitamura, Bloomberg
Revenue from the pharmaceutical division, its biggest business, declined 7%.

Police clash with protesters at Wits University

28 Oct 2015 /  Reuters
As demonstrations over the cost of university education continue.
1

Rand Water starts Gauteng restrictions

28 Oct 2015 /  Ana Monteiro, Bloomberg
Restrictions include watering gardens between 6am and 6pm.

Petra sees diamond prices near floor as buying season looms

28 Oct 2015 /  Thomas Biesheuvel, Bloomberg
Rough diamond prices have fallen 17% this year.

SA may stop funding 27 districts not paying Eskom

28 Oct 2015 /  Kevin Crowley, Bloomberg
'The culture of non-payment for services consumed must stop' - Treasury.
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Zuma says SA in ‘serious struggle’ amid global slump

28 Oct 2015 /  Franz Wild and Amogelang Mbatha, Bloomberg
'You can’t have a flourishing budget when the economy is in trouble,' he says.
UPDATE

Total to resume South African offshore drilling next year

28 Oct 2015 /  Wendell Roelf, Reuters
Company to drill between 10-15 wells over the next three years across the continent.

VW posts $3.85bn third-quarter loss

28 Oct 2015 /  Christoph Rauwald, Bloomberg
Impact of emissions scandal visible.
1

Twitter results underline Dorsey’s turnaround challenge

28 Oct 2015 /  Sarah Frier, Bloomberg
'They have to change that conversation about what is Twitter’s audience, and how it will grow,' analyst says.
1

Loan rate-cap plan in South Africa criticised, Sarb says

28 Oct 2015 /  Renee Bonorchis, Bloomberg
Lowest income earners to bear the brunt.
UPDATE
1

SA economy at risk from possible US rate hike – Sarb

28 Oct 2015 /  Mfuneko Toyana, Reuters
Bank says country's high debt-to-GDP ratio cause for concern.

AB InBev, SABMiller get takeover deadline extension

28 Oct 2015 /  Paul Jarvis and Thomas Buckley, Bloomberg
Brewer has until November 4 to make formal bid for competitor.

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