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LATEST Fast News  

Covid-19 cases slow in hotspot provinces, minister says

5 Aug 2020 /  Mfuneko Toyana, Reuters  
Though it is too early to say whether the country's peak has passed, the health minister said

WHO sends specialists to South Africa to help contain pandemic

5 Aug 2020 /  Janice Kew, Bloomberg   5
The WHO is responding to a request for help by sending 43 specialists, with several arriving Wednesday.

BMW records first quarterly loss since 2009 on virus impact

5 Aug 2020 /  Oliver Sachgau, Bloomberg   1
Rounding out a dismal quarter for European carmakers hit by the coronavirus pandemic.

Gold Fields forecasts around 300% half-year profit surge

5 Aug 2020 /  Emma Rumney, Reuters   2
Thanks mostly to an increase in global gold prices.

Sharp economic downturn extends into July – PMI

5 Aug 2020 /  Alexander Winning, Reuters   1
Government forecasts are for gross domestic product to shrink by at least 7% this year.

Rand creeps up after slipping to two-month low

5 Aug 2020 /  Mfuneko Toyana, Reuters  
Bonds gained, with the yield on the benchmark 2026 bond down 1.5 basis points to 9.320%. 

Tencent in talks to create $10bn streaming giant

5 Aug 2020 /  Zheping Huang and Lulu Yilun Chen, Bloomberg   
Deal would create an online giant with more than 300 million users

Oil steady after longest rally since June with stockpiles easing

5 Aug 2020 /  Bloomberg News   
All eyes on government data after the API reports stockpiles fall.

Older investors go for gold, younger ones bitcoin, JPMorgan says

5 Aug 2020 /  Joanna Ossinger, Bloomberg   
Is the cryptocurrency digital gold?

Biggest obstacle to an S&P 500 record is companies hoarding cash

4 Aug 2020 /  Elena Popina, Bloomberg  
S&P Dow Jones Indices says some 42 companies have suspended dividends this year.

Virgin Atlantic files Chapter 15 petition to aid UK rescue

4 Aug 2020 /  Josh Saul and Claire Boston, Bloomberg  
Since January Virgin’s reservations are down 89% year-over-year.

Spot gold smashes through $2 000 an ounce

4 Aug 2020 /  Steven Frank and Yvonne Yue Li, Bloomberg  
As haven-seekers pile in.

Massive blast sends seismic shock across Beirut

4 Aug 2020 /  Samia Nakhoul, Yara Abi Nader and Laila Bassam, Reuters   1
Causing thousands of casualties.

Denel ordered to pay outstanding salaries

4 Aug 2020 /  Alexander Winning, Reuters   6
It was not immediately clear where Denel would find the money, given its severe cashflow constraints.

Foreign investors are losing interest in South African bonds

4 Aug 2020 /  Robert Brand, Bloomberg   6
Foreigners have sold a net R54 billion ($3.1 billion) of the debt this year, JSE Ltd. data shows.

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