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LATEST Fast News  

Angst over coronavirus mounts

15 Feb 2020 /  Vince Golle and Zoe Schneeweiss, Bloomberg   4
Charting the global economy.

Glencore held stocks of 12,797 tonnes of cobalt at the end of 2019

15 Feb 2020 /  Pratima Desai, Reuters  
'These stocks have been hanging over the market and held down prices' - cobalt trader.

Rand firmer after Ramaphosa’s speech, stocks flat

14 Feb 2020 /  Nqobile Dludla, Olivia Kumwenda-Mtambo and Emma Rumney, Reuters   
"The tone suggested an impetus to get structural reforms underway", experts say.

Cosatu says SA seeks to cut 30 000 state jobs, freeze pay

14 Feb 2020 /  Prinesha Naidoo, Bloomberg    5
That’s part of the state’s proposal to reduce its wage bill, according to the union.

Flight centre resumes sales of SAA tickets

14 Feb 2020 /  Amogelang Mbatha, Bloomberg   
The insurer linked to flight centre reinstated insolvency cover for SAA.

Ramaphosa plan no quick fix for SA’s energy woes

14 Feb 2020 /  Paul Burkhardt, Bloomberg   
Industry experts are looking for timelines.

South African public sector union says wage deal not open for review

14 Feb 2020 /  Alexander Winning, Reuters   
Nehawu says the wage agreements are 'sacrosanct'.

Ramaphosa’s speech underscores weak SA credit outlook – Fitch

14 Feb 2020 /  Alexander Winning, Reuters   3
Fitch says Ramaphosa's speech left important questions unanswered.

Ramaphosa unveils overhaul of South African energy industry

14 Feb 2020 /  Mike Cohen and Paul Vecchiatto, Bloomberg   5
The government will invite private companies to submit bids to supply additional renewable energy to the grid.

Sarb moves to sell stake in African Bank

14 Feb 2020 /  Emma Rumney, Reuters   4
Sarb sees the disposal process being completed within 18–24 months after a suitable buyer is identified.

Zambia banks reap record profits from government debt

14 Feb 2020 /  Matthew Hill and Gordon Bell, Bloomberg  
Stanbic posted a profit before tax and costs of 1.72bn kwacha last year.

Court rejects unions’ application over SAA job cuts

14 Feb 2020 /  Nqobile Dludla, Reuters   2
Unions are expected to appeal the decision.

Rand firmer after Ramaphosa’s speech

14 Feb 2020 /  Nqobile Dludla, Reuters    1
The rand was subdued following the delay caused by the EFF.

3-D printed chocolate to start reaching consumer market

14 Feb 2020 /  Corinne Gretler, Bloomberg   
Barry Callebaut’s printers can print thousands of pieces in a short time.

Flights to Lagos diverting to Ghana due to faulty equipment, poor visibility

14 Feb 2020 /  Ruth Olurounbi, Bloomberg   
British Airways, Delta and Emirate airlines are among international carriers that couldn’t land at the Lagos airport.
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