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LATEST Africa  

World Bank warns Africa bond bonanza risks hurting nations

High demand for African Eurobonds could place countries at risk of debt distress when US rates rise.

Cyclone survivors in Zimbabwe burn church pews to keep warm

Idai will cost the southern African nations more than $2bn to repair the damage - World Bank.

PIC said to court banker for CEO

Kennedy Bungane was previously the head of Pembani Group.

Pinterest IPO raises $1.4bn as it shuns social-media tag

Pinterest sells 75 million shares for $19 each.

LATEST Economy  

Retail sales suggest economy sluggish before May vote

Weak income growth alongside price pressures constrain consumers.

Liquidity risk debate pits CrossBorder against JPMorgan, Goldman

A report by CrossBorder’s counters the market liquidity concerns of JP Morgan and Goldman Sachs.

LATEST Industry  

Mining, Engineering, Industry, Factory production

Philip Morris says it doesn’t want you to buy its cigarettes

Instead, it’s ramping up focus on its IQOS heat-not-burn device, already sold in about 44 countries.

Malaria vaccine took 30 years and it’s still a work in progress

Development of the vaccine cost nearly $1bn.

LATEST International  

The world’s most miserable economy has seven-figure inflation

Argentina, South Africa, Turkey, Greece and Ukraine also rank high in Bloomberg's Misery Index.

Five million lost jobs in India between 2016 and 2018 – report

Young urban men are being hit hardest.

LATEST Markets  

Wall St dips as healthcare slide offsets chip boost

IBM falls after revenue miss.

Emerging shares, currencies cheered by China data but gains limited

China's economic growth rose unexpectedly in Q1, defying expectations for a further slowdown.

LATEST South Africa  

SA forced into emergency aid payout to troubled Eskom

Documents show the government was forced to pay R5bn in emergency funds so Eskom could meet obligations.

Eskom gets R17.7bn of planned support

The transfer is part of a R23bn support pledge by the government, for the current fiscal year.


Samsung gets reports of Galaxy Fold screen problems, raising specter of Note 7 fiasco

Issues with the phone raised the prospect of a less-then-smooth entry for the splashy $1 980 handset.

Netflix results face pressures with higher costs, new rivals

Wall Street is projecting subscriber additions of 1.61m in the US and 7.33m internationally, when Netflix releases its results later on Tuesday.



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