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Ferrari’s supercars are about to get even more expensive

6 Aug 2022 /  Daniele Lepido, Bloomberg
As inflation bites.

South Africa proposes 6-month ban on scrap metal export to fight theft, vandalism

5 Aug 2022 /  Wendell Roelf, Reuters
The economic cost of copper theft alone is estimated to be more than R45 billion annually.

MTN says 173 finance staff must apply for new roles

5 Aug 2022 /  Nqobile Dludla, Reuters
The company said that, as part of its transformation, it had created more than 450 new jobs in areas such as digital, technology, financial technology, wholesale and enterprise.

Eskom extends scheduled power cuts to weekend

5 Aug 2022 /  Khuleko Siwele, Bloomberg
Will cut 2 000 megawatts from the grid from 4 p.m. until midnight on Saturday and Sunday, it said on Friday.
1

SA Parliament to name panel to weigh Ramaphosa removal

5 Aug 2022 /  S'thembile Cele, Bloomberg
The decision comes as Ramaphosa is under increasing pressure from opposition parties to step aside over a burglary two years ago at a game farm he owns.

SA and Botswana to improve rail freight links

5 Aug 2022 /  Helen Reid, Reuters
The rail revamp will enable heavy haul trains to travel from Botswana to South Africa's ports of Richards Bay and Durban, TFR said.

Bitcoin retakes $23 000 as Crypto rallies before US jobs report

5 Aug 2022 /  Joanna Ossinger, Bloomberg
Other coins also rose, with Polkadot and Aave gaining more than 5%.

Investec South Africa directors to get £100,000 security cover

5 Aug 2022 /  Adelaide Changole, Bloomberg
A resolution on the cover was approved by shareholders at the lender’s annual general meeting Thursday.

More grain ships depart; Putin-Erdogan meeting

5 Aug 2022 /  Bloomberg News
On the heels of Russian Foreign Minister Sergei Lavrov’s recent trip to Africa, US Secretary of State Antony Blinken is heading in that direction.

China welcomes US rivalry in Africa if it broadens benefits

5 Aug 2022 /  Matthew Hill, Bloomberg
Zambia announced in 2020 it needed to restructure external debts that grew to $17.3 billion by the end of 2021.

Alibaba sales better than feared despite economic turmoil

5 Aug 2022 /  Coco Liu and Yiqin Shen, Bloomberg
Its shares slid about 2% in Hong Kong, shedding part of the 5.2% gained on Thursday before the results.

SpaceX rocket launches South Korea’s first mission to the moon

5 Aug 2022 /  Sangmi Cha, Bloomberg
'It is a very significant milestone in the history of Korean space exploration,' Sang-Ryool Lee, president of KARI said.
UPDATE

AngloGold Ashanti shares rise as miner sticks to cost guidance

5 Aug 2022 /  Helen Reid, Reuters
First-half production rose by 3% year on year.

Rand stable before US jobs numbers

5 Aug 2022 /  Alexander Winning, Reuters
In early trade the rand was at R16.62 against the dollar, down a modest 0.1% on its previous close and compared to last week's close of R16.60.

Global stocks near two-month high; crude oil rises: markets wrap

5 Aug 2022 /  Tassia Sipahutar, Bloomberg
Gold was at $1 790.82 an ounce.

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