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LATEST Africa  

Botswana’s Choppies to exit South Africa, other African nations

3 Aug 2020 /  Mbongeni Mguni, Bloomberg   1
To concentrate on growth in Botswana, where it’s listed.

Namibia to close schools, limit public gatherings

1 Aug 2020 /  Nyasha Nyaungwa, Reuters   1
As Covid-19 cases surge.

Security forces head off anti-government protests in Zim

1 Aug 2020 /  MacDonald Dzirutwe, Reuters   1
Citizens' anger rising over economic crisis.

Zimbabwe government minister died from Covid-19

31 Jul 2020 /  MacDonald Dzirutwe, Reuters  
Country has recorded 2 879 confirmed cases of the coronavirus and 40 deaths.

The rich still want to buy their Ferraris

4 Aug 2020 /  Chris Hughes, Bloomberg  
The business of making the luxury car is doing embarrassingly well in the pandemic.

SAB pulls the plug on its R2.5bn investment for 2020

4 Aug 2020 /  Melitta Ngalonkulu   2
As it experiences continuous strain on its finances due to the liquor ban.

Table Bay Hotel and Sun City remain closed

4 Aug 2020 /  Suren Naidoo  
It still 'doesn’t make financial sense to open' with Covid-19 inter-provincial and international travel bans in place.

Pick ‘n Pay Clothing launches online shopping

3 Aug 2020 /  Melitta Ngalonkulu  
Customers can earn points on clothing bought.

LATEST Economy  

Emerging-market rebound hangs in balance as economies struggle

3 Aug 2020 /  Sydney Maki, Simon Flint and Robert Brand, Bloomberg   
Economies are shrinking and central banks are getting low on firepower.

SA economy could contract 8.2%: OECD

31 Jul 2020 /  Monique Vanek, Bloomberg   18
On a second virus wave.

Sarb to start rand reverse repos to manage market liquidity

UPDATE
31 Jul 2020 /  Emma Rumney, Reuters   1
'The buy-sell backs will be conducted on an ad hoc basis, as and when required,' Sarb said in a statement.

New vehicle prices rise sharply above inflation despite sales slump

30 Jul 2020 /  Roy Cokayne   39
Depreciation of the rand blamed.

LATEST Industry  

Mining, Engineering, Industry, Factory production

SA carmakers want vehicle taxes reduced

3 Aug 2020 /  Roy Cokayne   17
With the benefits going to consumers to stimulate demand for new vehicles locally.

Civil tender values down 58%, postponement rate up

15 Jul 2020 /  Roy Cokayne   4
Figures show impact of the pandemic on the construction sector in Q2.

Total will continue with its exploration in offshore SA

9 Jul 2020 /  Tebogo Tshwane    5
Years of work will determine the extent of the commercial prospects for SA, with the energy sector potentially benefitting.

SA to investigate scrap metal shortage hurting industry

3 Jul 2020 /  Helen Reid, Reuters   4
The scrap metal industry contributes R15 billion to GDP and employs about 350 000 people, the ministry said.

LATEST International  

Dollar rebound signals rocky road ahead for SA’s rand

3 Aug 2020 /  Robert Brand, Bloomberg   3
Options traders are hedging against wider rand swings, with a bias toward weakness.

EM review: rally extends as dollar weakens amid growth doubts

3 Aug 2020 /  Karl Lester M. Yap, Selcuk Gokoluk and Aline Oyamada, Bloomberg  
The following is a roundup of emerging-market news and highlights for the week through August 2.

Oil dips near $40 with OPEC+ starting to unwind output cuts

3 Aug 2020 /  Saket Sundria and James Thornhill, Bloomberg  
OPEC+ will pump about 1.5 million barrels more this month than in July as it starts to unwind its historic virus-driven output curbs.

Love him or hate him, Elon Musk is enjoying spectacular run

3 Aug 2020 /  Dana Hill, Bloomberg    1
Whether you find him admirable or obnoxious, Elon Musk is having a fantastic year.

LATEST Markets  

Asian stocks advance; dollar, treasuries steady

4 Aug 2020 /  Bloomberg News  
Markets wrap.

Dollar rebound signals rocky road ahead for SA’s rand

3 Aug 2020 /  Robert Brand, Bloomberg   3
Options traders are hedging against wider rand swings, with a bias toward weakness.

Stocks retreat as banks fall; Shoprite soars on update

3 Aug 2020 /  Adelaide Changole, Bloomberg  
Foreigners were net sellers of South African stocks for the second day Friday.

Rand falls as virus fears hit risk appetite

3 Aug 2020 /  Olivia Kumwenda-Mtambo, Reuters  
In early trade the rand was 0.47% weaker at R17.14 per dollar, its weakest since July 8.

LATEST South Africa  

Lockdown lifestyle means you could pay less on insurance

4 Aug 2020 /  Roy Cokayne  
Also, a look at concerns around vehicle and driver's licences not being renewed and the link with insurance claims being rejected.

UIF Ters benefits for April and May can still be claimed

4 Aug 2020 /  Melitta Ngalonkulu  
Cut-off date will be announced two weeks ahead of time.

Sars gets blown in Lesotho number plate case, class action to follow

4 Aug 2020 /  Ciaran Ryan  
The floodgates have opened for thousands of people whose foreign-registered vehicles have been impounded over the decades.

Table Bay Hotel and Sun City remain closed

4 Aug 2020 /  Suren Naidoo  
It still 'doesn’t make financial sense to open' with Covid-19 inter-provincial and international travel bans in place.

LATEST Tech  

Google’s search dominance deserves hot-seat scrutiny

2 Aug 2020 /  Tae Kim, Bloomberg   1
Each of the giants is vulnerable in its own way.

China’s ByteDance prepared to divest 100% of TikTok in US

1 Aug 2020 /  Shelly Banjo and Saleha Mohsin, Bloomberg  
To attempt to head off President Trump's proposed ban on the music-video site.

South Africans push back against backyard 5G towers

1 Aug 2020 /  Kim Harrisberg, Thomson Reuters Foundation   26
Government's proposal says network operators 'have the right to enter upon and use public and private land'.

The latest electric car hurdle: What if you can’t resell it?

1 Aug 2020 /  Anjani Trivedi, Bloomberg   16
Much of the anxiety stems from batteries – the price, technology, density, and where to charge them.
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