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LATEST Fast News  

Eskom warns of more power cuts in worst year for outages

13 Aug 2020 /  Paul Burkhardt and Felix Njini, Bloomberg   1
Eskom cut 2,000 megawatts from the grid after delays in returning some units to service.

Apple joins tech borrowing boom with second deal this year

13 Aug 2020 /  Molly Smith, Bloomberg  
Borrowing costs are so cheap right now that not even Apple can resist.

Data suggests deep recession in second quarter

13 Aug 2020 /  Prinesha Naidoo, Bloomberg  
As the damage wrought by a nationwide lockdown to curb the spread of the coronavirus pandemic becomes clear.

US jobless claims below 1 million for first time in pandemic

13 Aug 2020 /  Katia Dmitrieva, Bloomberg  
Suggesting the economic recovery is gaining some traction amid a deceleration in coronavirus infections.

China says frozen chicken wings from Brazil test positive for virus

13 Aug 2020 /  Ainslie Chandler, Bloomberg  
The positive sample appears to have been taken from the surface of the meat.

SA stocks fall as FirstRand, Absa drag banks lower

13 Aug 2020 /  John Viljoen, Bloomberg  
Rand strengthens for a third day.

Gold advances after wild swings as investors weigh next steps

13 Aug 2020 /  Ranjeetha Pakiam and Eddie Spence, Bloomberg   1
'Gold’s roller-coaster ride is far from over as bond yields will likely remain volatile for the rest of the summer,' said Edward Moya, senior market analyst

China’s days as world’s factory are over, iPhone maker says

13 Aug 2020 /  Debby Wu, Bloomberg  
'No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each,' Liu said

Oil holds gains near five-month high on US recovery signals

13 Aug 2020 /  Elizabeth Low and James Thornhill, Bloomberg  
As US weekly inventory data buoyed optimism that a sustained recovery in energy demand in the world’s largest economy is underway.

Famous Brands says UK burger unit met July revenue goal

13 Aug 2020 /  Promit Mukherjee, Reuters   1
However, the unit's future is uncertain.

Load-shedding may intensify to stage 3: Eskom

13 Aug 2020 /  Felix Njini, Bloomberg   1
Due to lower capacity and offline plants.

Tencent results beat estimates

13 Aug 2020 /  Zheping Huang, Bloomberg  
And it plays down WeChat ban.

Covid-19 may have reached its peak

13 Aug 2020 /  Antony Sguazzin and Roxanne Henderson, Bloomberg  
It looks like the epidemic is slowing down: SA Medical Research Council

Rand backtracks as relief rally pauses

13 Aug 2020 /  Mfuneko Toyana, Reuters  
Souring diplomatic relations between the US and China fell the greenback.

Exxaro reports jump in interim core earnings

13 Aug 2020 /  Tanisha Heiberg, Reuters  
Higher coal revenue driven mainly by increased volumes of sales to Eskom.

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