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Telkom says no merger offer received from Rain

11 Aug 2022 /  Loni Prinsloo, Bloomberg
Telkom shares gained 5.9% as of 16:14 p.m. in Johannesburg, valuing the company at R24bn.

Sibanye cuts US palladium mines output forecast after floods

11 Aug 2022 /  Felix Njini, Bloomberg
Palladium and platinum output at the Stillwater mines fell 5.5% to 570 000 ounces last year after a rail collision.

Africa CDC in discussions with potential buyers for Aspen’s Covid vaccines

11 Aug 2022 /  Promit Mukherjee and Bhargav Acharya, Reuters
Aspen said that its vaccine production capacity might go idle soon if it doesn't get orders.

Zimbabwe central bank considers currency board: MPC member

11 Aug 2022 /  Ray Ndlovu, Bloomberg
A currency board must back all units of domestic currency in circulation with foreign currency.

Russian planes ‘lost’; IEA sees oil output down

11 Aug 2022 /  Bloomberg News
Russian oil output is set to fall about 20% by the start of next year as a European Union import ban comes into force.

Rand flat ahead of mining, manufacturing data

11 Aug 2022 /  Bhargav Acharya, Reuters
In early trade the rand was at R16.21 against the dollar, little changed from its previous close of R16.22.

Stocks, futures rise as slower CPI curbs rate bets: markets wrap

11 Aug 2022 /  Sunil Jagtiani, Bloomberg
Gold was at $1 785.70 an ounce, down 0.4%.

MTN first-half earnings jump 46.5%

11 Aug 2022 /  Nqobile Dludla, Sinchita Mitra and Amna Karimi, Reuters
Reported headline earnings per share of 567 cents in the six-months ended June 30, up from 387 cents a year earlier.

Oil edges lower as traders count down to OPEC, IEA outlooks

11 Aug 2022 /  Bloomberg News
Brent for October settlement declined 0.4% to $97.01 a barrel on the ICE Futures Europe exchange.

Gold slips in Asia with traders digesting cooling US inflation

11 Aug 2022 /  Ranjeetha Pakiam, Bloomberg
Spot gold declined 0.3% to $1 786.26 an ounce as of 12:26 p.m. in Singapore.

Aspen to halt Covid vaccine output as J&J orders dry up

10 Aug 2022 /  Promit Mukherjee and Wendell Roelf, Reuters
Aspen has not had orders for its Aspenovax vaccine or received orders from Johnson & Johnson beyond August.

SA business confidence index rises in July – Sacci

10 Aug 2022 /  Bhargav Acharya, Reuters
The reference point for the BCI has been adjusted to make 2020 the base year, reflecting changing economic and market trends.

Ukraine latest: Zelenskiy vows to free Russian-occupied Crimea

10 Aug 2022 /  Bloomberg News
'This Russian war against Ukraine and against all of free Europe began with Crimea and must end with Crimea -- its liberation,' Zelenskiy said.

Rand edges lower ahead of US inflation data

10 Aug 2022 /  Bhargav Acharya, Reuters
In early trade the rand was at R16.63 against the dollar, down 0.15% from its previous close.

Stocks, bonds slip as key US inflation data loom: markets wrap

10 Aug 2022 / 
Gold was at $1 788.51 an ounce, down 0.3%.

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