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Fast News
The devastation in global commodity currencies is far from over
5 Aug 2015 /
Lananh Nguyen, Bloomberg
Canada, Australia, New Zealand currencies set to plunge, OppenheimerFunds says.
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Fast News
Rand firmer, market eyes US jobs data for steer
4 Aug 2015 /
Reuters
The local currency has shed nearly 10% of its value against the greenback this year
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Stocks rise, Nedbank leads financials higher
4 Aug 2015 /
Reuters
Kumba Iron Ore plumbs an all-time low.
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Fast News
US fund managers tapping into African beer market
4 Aug 2015 /
Tariro Mzezewa, Reuters
Favourable economics brought by local production are a recipe for a profitable outlook.
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IMF review recommends delaying currency basket adoption of yuan
4 Aug 2015 /
Reuters
Says it did not meet criteria that it should be "freely usable".
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NUM members said to reject gold wage offer
4 Aug 2015 /
Paul Burkhardt, Bloomberg
Harmony offer has been rejected by members - source.
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Companies and Deals
Arcelormittal’s SA unit suspends job cuts plan – union
4 Aug 2015 /
Reuters
Wants to consult with trade unions before starting with the formal retrenchment process.
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Bank shares lead European stock drop
4 Aug 2015 /
Alan Soughley and Camila Russo, Bloomberg
Greece falls for second day, BMW AG drops 1.2%.
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SA wheat ends best run of gains in two years
4 Aug 2015 /
Tshepiso Mokhema, Bloomberg
as the rand strengthened against the dollar
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Chinese tourist numbers to SA dive on slowdown, Ebola
4 Aug 2015 /
Paul Vecchiatto, Bloomberg
Tourism likely to slow further following new visa regulation implementation.
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SA considering using ships to generate gas-based power
4 Aug 2015 /
Reuters
DG for energy planning says government is looking at all solutions, with the aim of generating an extra 3 000MW.
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Companies and Deals
Glencore ordered to shut coal mine over job cuts
4 Aug 2015 /
Reuters
'The retrenchments ... were inhumanely conducted and disregarded all the legal prescripts'.
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Fast News
Rand recovers but remains vulnerable
4 Aug 2015 /
Reuters
US jobs data later this week remains in focus for market participants.
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Fast News
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Eskom says paying too much for coal
4 Aug 2015 /
Reuters
As coal giant Glencore begins business rescue process at its SA coal unit due to Eskom's unreasonable supply contracts.
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Companies and Deals
Mining shares fall to multi-year lows as metals drop
4 Aug 2015 /
Neo Khanyile, Bloomberg
Platinum on Tuesday weakened to the lowest level since January 2009.
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