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LATEST Africa  

Be wary of rising Zimbabwe stock prices

Be wary of rising Zimbabwe stock prices
17 October 2018 / Arnold Segawa
Nigeria and South Africa weigh down Africa growth outlook

Nigeria and South Africa weigh down Africa growth outlook

Arnold Segawa / 16 October 2018
The IMF projects 3.1% growth for sub-Saharan Africa in 2018; exclude Nigeria and South Africa, and the figure is 4.6%.
Abduction of Africa’s youngest billionaire prompts reward offer

Abduction of Africa’s youngest billionaire prompts reward offer

Ken Karuri, Bloomberg / 15 October 2018
The abduction of Mohammed Dewji, the owner of MeTL Group and who has a net worth of $1.5bn, is the latest worrying turn for Tanzania.

LATEST Companies and Deals  

Dis-Chem profit up as market share increases

Dis-Chem profit up as market share increases
17 October 2018 / Patricia Aruo, Reuters
Richemont clarifies its dividend tax position

Richemont clarifies its dividend tax position
17 October 2018 / Sasha Planting
The Pick n Pay ship is slowly turning around

The Pick n Pay ship is slowly turning around

Marcia Klein / 17 October 2018
Records its strongest performance in five years.
PSG still sees significant growth potential in SA

PSG still sees significant growth potential in SA

Prinesha Naidoo / 17 October 2018
… despite prevailing conditions and sub-par economic growth prospects.

LATEST Economy  

August manufacturing output up 1.3%

August manufacturing output up 1.3%
11 October 2018 / Nomvelo Chalumbira, Reuters
SA gets $35bn in investment pledges towards $100bn goal

SA gets $35bn in investment pledges towards $100bn goal

Reuters / 11 October 2018
Commitments include those from Saudi Arabia, the UAE and China.
IMF lowers SA’s economic growth forecasts

IMF lowers SA’s economic growth forecasts

Olivia Kumwenda-Mtambo, Reuters / 9 October 2018
Urges reforms to improve policy certainty and the efficiency of state-owned companies.

LATEST Industry  

Mining, Engineering, Industry, Factory production
Your local cafe is probably streaming music illegally

Your local cafe is probably streaming music illegally
15 October 2018 / Kim McLaughlin, Bloomberg
Shell, Equinor commit to Tanzania LNG as they await host accord

Shell, Equinor commit to Tanzania LNG as they await host accord

Ken Karuri and Paul Burkhardt, Bloomberg / 15 October 2018
Shell and Equinor said they’re committed to a project that will allow the export of natural gas from Tanzania.
Navigating the nuances of offshore investment

Navigating the nuances of offshore investment

Marcia Klein / 15 October 2018
Offshore wrappers are providing some of the solutions.

LATEST International  

$558 000 for a bottle of burgundy?

$558 000 for a bottle of burgundy?
16 October 2018 / Elin McCoy, Bloomberg
Paul Allen, billionaire who co-founded Microsoft, dies at 65

Paul Allen, billionaire who co-founded Microsoft, dies at 65
16 October 2018 / Patrick Oster and Dina Bass, Bloomberg
Eskom crisis deepens, load shedding narrowly averted

Eskom crisis deepens, load shedding narrowly averted

Antoinette Slabbert / 16 October 2018
Govender resigns, money for salaries questioned.
Deputy president Mabuza in South Sudan to talk peace plans

Deputy president Mabuza in South Sudan to talk peace plans

Eric Ombok, Bloomberg / 15 October 2018
In a bid to strengthen the enactment of a deal to end the five-year civil war.

LATEST Markets  

Emerging markets suffer, whether prudent or not

Emerging markets suffer, whether prudent or not
17 October 2018 / Daniel Moss, Bloomberg Opinion
World's 10 richest each gain at least $1bn as stocks surge

World's 10 richest each gain at least $1bn as stocks surge
17 October 2018 / Tom Metcalf and Jack Witzig, Bloomberg
Rand weaker, focus on Fed minutes and retail sales data

Rand weaker, focus on Fed minutes and retail sales data

Olivia Kumwenda-Mtambo, Reuters / 17 October 2018
In early morning trade the rand was at 14.21 per dollar, 0.32% weaker than its New York close on Tuesday.
Wall St rallies over 2% with earnings, data boost

Wall St rallies over 2% with earnings, data boost

Lewis Krauskopf, Reuters / 17 October 2018
Tech leads all 11 S&P sectors higher.

LATEST South Africa  

Making the most of eBucks

Making the most of eBucks
17 October 2018 / Hilton Tarrant
Solidarity to strike at Denel firm over pay

Solidarity to strike at Denel firm over pay

Reuters / 16 October 2018
The state-owned company has not paid managers and specialists their full salaries in September.
EFF confident in deputy leader over VBS allegations

EFF confident in deputy leader over VBS allegations

Ntando Thukwana, Bloomberg / 16 October 2018
EFF leader, Julius Malema says he wants proof that Floyd Shivambu benefitted from the bank's failure.

LATEST Tech  

Uber gets IPO proposals at potential $120bn valuation

Uber gets IPO proposals at potential $120bn valuation
16 October 2018 / Molly Schuetz, Bloomberg
Amazon doles out freebies to juice sales of its brands

Amazon doles out freebies to juice sales of its brands
16 October 2018 / Spencer Soper, Bloomberg
Netflix investors seek signs of resurgence after July letdown

Netflix investors seek signs of resurgence after July letdown

Lucas Shaw, Bloomberg / 16 October 2018
Netflix has tripled in value over the past three years by posting record subscriber growth that consistently exceeds Wall Street forecasts.
Netflix earnings will test waters for tech giants after sell-off

Netflix earnings will test waters for tech giants after sell-off

Jeran Wittenstein, Bloomberg / 15 October 2018
Wall Street expects Netflix to have added about 5.1m subscribers in the third quarter.

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