You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
Join our mailing list to receive top business news every weekday morning.
Home    News

LATEST Africa  

Zimbabwe gold miners to keep more export earnings in dollars

27 May 2020 /  MacDonald Dzirutwe, Reuters  
Until now, gold miners received only 55% of their sales in dollars.

US Treasury pressure leads to new probe of African Development Bank chief

27 May 2020 /  Baudelaire Mieu, Leanne de Bassompierre and Katarina Hoije, Bloomberg    2
Adesina has been accused of handing contracts to acquaintances and appointing relatives to strategic positions.

WHO worries about ‘silent epidemic’ in Africa

26 May 2020 /  Peter Graff, Reuters   7
Unless testing is prioritised.

Nigeria’s economy expands 1.87% y/y in Q1

UPDATE
25 May 2020 /  Paul Carsten, Reuters   1
Expected recession could be worst in 40 years -World Bank.

Woolworths scraps dividend, reviews Australasian real estate assets

27 May 2020 /  Aby Jose Koilparambil, Emma Rumney, Reuters   1
As Covid-19 pandemic impact weighs.

Virgin Atlantic suitors narrow with clock ticking on rescue

27 May 2020 /  Christopher Jasper, Bloomberg  
Ailing airline in need of emergency funding.

Sasol says fuel stations not up for sale

27 May 2020 /  Suren Naidoo   14
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.

Tencent tests appetite for first dollar bond in more than a year

27 May 2020 /  Rebecca Choong Wilkins, Annie Lee and Ina Zhou, Bloomberg   
Wechat operator is offering a four-tranche deal.

LATEST Economy  

EU to unveil massive stimulus plan for post-coronavirus recovery

27 May 2020 /  Gabriela Baczynska and John Chalmers, Bloomberg   
Plan to come with proposal for 2021-27 joint EU budge.

At last, sanity in state’s lockdown plan

25 May 2020 /  Hilton Tarrant   50
Was Patel’s laughing stock of a clothing list the proverbial last straw?

Repo rate effectively slashed by over 40% this year

22 May 2020 /  Suren Naidoo   13
But don’t expect South Africans to splurge on ‘big ticket’ items, like houses and cars, anytime soon.

Repo rate cut by 50bps

UPDATE
21 May 2020 /  Suren Naidoo   23
Relaxing rates further in face of Covid-19 economic fallout.

LATEST Industry  

Mining, Engineering, Industry, Factory production

SA’s auto industry in a fight for its survival post-pandemic

22 May 2020 /  Roy Cokayne   12
Proposes a host of measures to government to help ensure its continuity and safeguard jobs.

Is SA heading toward life without a construction sector?

21 May 2020 /  Roy Cokayne   22
Esor follows Group Five in confirming its impending JSE delisting, while Basil Read’s listing future is uncertain.

ACSA seeks state guarantees for $594m in new debt

18 May 2020 /  Wendell Roelf, Reuters   1
African airlines could lose $6 billion in passenger revenue in 2020, the International Air Transport Association said last month.

‘Government on the path to resetting its relationship with citizens’

18 May 2020 /  Busi Mavuso   19
BLSA CEO Busi Mavuso shares her thoughts and is hopeful the ANC's accepting the world as it is – not how it wants it to be.

LATEST International  

EU unveils €750bn plan for coronavirus recovery

27 May 2020 /  Jan Strupczewski and Gabriela Baczynska, Reuters  
Lion's share of recovery fund to go to Italy and Spain.

China traders buying Hong Kong stocks like never before

27 May 2020 /  Bloomberg  
History shows mainland buying tends to pick up when Hong Kong shares drop.

Renault and Nissan rule out merger

27 May 2020 /  Sudip Kar-Gupta, Gilles Guiilaume and Naomi Tajitsu, Reuters  
As they unveil survival plan.

French restaurant ruling puts coronavirus claims on global menu

26 May 2020 /  Maya Nikolaeva and Sudip Kar-Gupta, Reuters  
Move could increase pressure on insurers elsewhere.

LATEST Markets  

China traders buying Hong Kong stocks like never before

27 May 2020 /  Bloomberg  
History shows mainland buying tends to pick up when Hong Kong shares drop.

Shanghai Stock Exchange mulls benchmark’s first revamp in 30 years

27 May 2020 /  Bloomberg  
'Revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3 000' - fund manager.

Rand falls as Sino-US friction dents risk appetite

27 May 2020 /  Olivia Kumwenda-Mtambo, Reuters  
In line with its emerging market peers.

Steep US stock correlations show virus’s impact on markets

27 May 2020 /  Cormac Mullen, Bloomberg   
S&P 500 three-month realised correlation elevated despite VIX slump.

LATEST South Africa  

Sarb says lenders can handle coronavirus crisis

27 May 2020 /  Emma Rumney, Reuters   1
Although financial stability risks are elevated and the outlook is challenging, says governor.

Sasol says fuel stations not up for sale

27 May 2020 /  Suren Naidoo   14
Central Energy Fund denounces reports of it wanting to buy Sasol’s stations.

BRPs: SAA will not resume flights in June

27 May 2020 /  Tebogo Tshwane    9
The airline's BRPs say a statement released by the airline suggesting otherwise was not vetted.

DBSA seeks loans to plug funding gap

27 May 2020 /  Roxanne Henderson, Bloomberg   1
Potential lenders include the African Development Bank, the New Development Bank and Agence Francaise de Developpement.

LATEST Tech  

Banks get a glimpse of the post-coronavirus future

23 May 2020 /  Elisa Martinuzzi, Bloomberg    8
The era of digital banking is here.

Cell C to split some assets into new special purpose vehicle – regulator

UPDATE
21 May 2020 /  Nqobile Dludla, Reuters  
Gatsby SPV will be controlled by a trust yet to be formed.

Naspers to invest R100m in agritech start-up Aerobotics

20 May 2020 /  Duncan McLeod   7
Aerobotics uses artificial intelligence, drone and satellite imagery to help farmers manage crop health and predict crop yields.

Going viral: Coronavirus computer game teaches children social distancing

16 May 2020 /  Emma Batha, Thomson Reuters Foundation,  
'It's a fun way of getting quite a scary message across.'
NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: