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LATEST Fast News  

Rand weaker as risk rally fades

22 Jan 2021 /  Alexander Winning, Reuters  
In early trade the rand was at R15.05 versus the dollar, 0.7% weaker than its previous close.

Ford to spend $610m on airbag recall after losing appeal

22 Jan 2021 /  Keith Naughton, Bloomberg  
To replace faulty Takata airbags in 3 million cars and trucks in the US and Canada.

Stock rally pauses near record high; dollar firms: markets wrap

22 Jan 2021 /  Adam Haigh and Ruth Carson, Bloomberg  
Oil slid as commodities weakened amid Friday’s risk-off mood.

Elon Musk says he will give $100m for carbon capture prize

22 Jan 2021 /  Devon Pendleton, Bloomberg  
Musk’s focus on carbon capture is in line with his other business interests.

Nigeria now expects first Covid-19 vaccines in February

22 Jan 2021 /  William Clowes and Ruth Olurounbi, Bloomberg  
With health workers, top government officials and vulnerable people to be given priority.

World loves Biden but is losing faith in the US, survey says

22 Jan 2021 /  Marc Champion, Bloomberg   2
“Whatever was here in terms of US trust has really dissipated a lot,” said Broening

Greenlight calls owning Tesla stock a fad amid ‘silly’ surge

22 Jan 2021 /  Bloomberg News    1
Tesla has rallied more than 900% from the start of 2020.

Bitcoin losses gather pace, with prices nearing three-week low

22 Jan 2021 /  Anchalee Worrachate and Eric Lam, Bloomberg  
Largest crypto falters, sliding below 10-day moving average.

Africa trade pact gets $1bn to offset revenue losses

21 Jan 2021 /  Prinesha Naidoo and Eileen Gbagbo, Bloomberg   1
The world’s biggest free-trade area was implemented January 1.

Rand firms, stocks edge up

21 Jan 2021 /  Promit Mukherjee, Alexander Winning and Olivia Kumwenda-Mtambo, Reuters  
In afternoon trade the rand was at R14.82 versus the dollar, 0.5% stronger on the day.

Gold Fields appoints former Amplats boss as CEO

21 Jan 2021 /  Tanisha Heiberg, Reuters  
Griffith stepped down at Amplats in February last year, will join Gold Fields in April.

Black Friday specials fail to boost SA’s Nov retail sales

21 Jan 2021 /  Olivia Kumwenda-Mtambo and Nqobile Dludla, Reuters   1
Pointing to lingering weakness in the economy.

SA perplexed over inertia in Mozambique crisis

21 Jan 2021 /  Matthew Hill, Bloomberg   3
Country has been resisting outside help, instead relying on mercenaries in face of escalating Islamist insurgency.

SA to pay big premium for India’s SII vaccine – Report

21 Jan 2021 /  Alexander Winning and Emma Rumney, Reuters   11
More than some wealthier countries are paying.

Africa’s Covid-19 death rate now higher than global rate

21 Jan 2021 /  Nairobi newsroom and Maggie Fick, Reuters   1
Africa's coronavirus case fatality rate stands at 2.5%, higher than the global level of 2.2%.

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