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LATEST Africa  

Zimbabwe seeks to bar citizens talking to foreign states

28 Oct 2020 /  Ray Ndlovu, Bloomberg   4
The proposed law will also criminalise the staging of protests which coincide with the hosting of major international and continental events by the country.

Empty pockets and empty tummies

27 Oct 2020 /  Cathy Buckle   11
Zimbabwe has been impoverished after incomes and savings lost 85% of their value. Sanctions didn't do this.

Zimbabwe collects revenue over target in third quarter

25 Oct 2020 /  Godfrey Marawanyika, Bloomberg   1
Monetary policy interventions inflated the amounts to be collected.

African countries need reliable and accessible economic data

25 Oct 2020 /  Misheck Mutize  
Recent ratings show why.

Acsa faces major losses from Covid-19 fallout

28 Oct 2020 /  Suren Naidoo   2
But reports a profit for its financial year to the end of March 2020.

Bank Zero reveals account pricing

28 Oct 2020 /  Hilton Tarrant   1
It's obvious the real target is the small business market …

Airbnb chooses IPO venue in big win for Nasdaq over NYSE

28 Oct 2020 /  Crystal Tse, Katie Roof and Olivia Carville, Bloomberg   
In biggest listing for the stock exchange since that of Facebook in 2012.

Cashbuild is on the up

28 Oct 2020 /  Larry Claasen  
The retailer is having a surprise sales bump. Does this mean it's a 'buy?'

LATEST Economy  

SA inflation slows for second month

UPDATE
28 Oct 2020 /  Gemma Gatticchi, Bloomberg   3
To the bottom of the central bank’s target range.

Rand hits seven-month high ahead of Mboweni’s medium-term budget

27 Oct 2020 /  Suren Naidoo   7
Currency firms to best level against the US dollar since Covid-19 lockdown.

World Bank talks with SA stall over SOE bailouts

27 Oct 2020 /  Antony Sguazzin   4
Bank will only comment if an agreement's reached.

How the virus worsened SA’s debt woes

27 Oct 2020 /  Prinesha Naidoo, Bloomberg    5
Charts that show how South Africa hasn’t managed to contain liabilities since the shock of the global financial crisis.

LATEST Industry  

Mining, Engineering, Industry, Factory production

Automotive industry investment in SA set to decline

27 Oct 2020 /  Roy Cokayne   4
Recovery linked to global GDP growth and a rebound in export markets.

JSE reflects doubts about government’s infrastructure plan

26 Oct 2020 /  Roy Cokayne   7
Construction company share prices remain muted.

Eskom bets R20bn on a second life for Koeberg

24 Oct 2020 /  Antony Sguazzin, Bloomberg   3
Starts installing new steam generators at the plant before approval.

Most asset managers ignore diversity when investing, study shows

24 Oct 2020 /  Suzy Waite, Bloomberg   1
Undercutting the sector’s push for women in leadership.

LATEST International  

US, European stock futures fall; dollar climbs: markets wrap

28 Oct 2020 /  Adam Haigh, Bloomberg  
Shares dropped in Japan but rose modestly in China and South Korea.

Oil declines after report points to increasing US stockpiles

28 Oct 2020 /  Saket Sundria and James Thornhill, Bloomberg  
Offsetting supply disruptions from Hurricane Zeta.

Bitcoin faithful say this time is different after price surge

28 Oct 2020 /  Casey Wagner, Bloomberg  
The largest cryptocurrency has jumped about 30% this month and topped $13,852.

ECB stimulus signal sought

27 Oct 2020 /  Carolynn Look and Piotr Skolimowski, Bloomberg  
As euro economy sinks into gloom.

LATEST Markets  

SA stocks slip to four-week low before budget statement

28 Oct 2020 /  Adelaide Changole, Bloomberg   1
More than 100 of the 141 listed companies were lower in early trade.

US, European stock futures fall; dollar climbs: markets wrap

28 Oct 2020 /  Adam Haigh, Bloomberg  
Shares dropped in Japan but rose modestly in China and South Korea.

Oil declines after report points to increasing US stockpiles

28 Oct 2020 /  Saket Sundria and James Thornhill, Bloomberg  
Offsetting supply disruptions from Hurricane Zeta.

Rand gains on dollar weakness

27 Oct 2020 /  Alexander Winning and Promit Mukherjee, Reuters  
In afternoon trade the rand was around 0.4% firmer at R16.15 per dollar.

LATEST South Africa  

Mini budget: Mboweni makes it stretch

28 Oct 2020 /  Larry Claasen  
Finance minister makes best of limited fiscal space.

SA to plant 5% more maize hectares in 2020/21 season

28 Oct 2020 /  Tumelo Modiba, Reuters  
Boosted by favourable weather conditions and higher prices.

SA bails out insolvent state airline with R10.5bn

28 Oct 2020 /  Paul Vecchiatto, Bloomberg   8
To implement its rescue plan, taking money from other government departments.

SA plans wage freeze to lower budget deficit

28 Oct 2020 /  Olivia Kumwenda-Mtambo, Mfuneko Toyana, Wendell Roelf, Reuters  
As it earmarks massive expenditure cuts to reign in a soaring budget deficit.

LATEST Tech  

Gijima to acquire T-Systems South Africa

27 Oct 2020 /  Duncan McLeod  
The deal means Gijima will now own a tier-3 data centre, among other assets.

Tencent surges after US court upholds stay on WeChat ban

27 Oct 2020 /  Edvard Pettersson, Bloomberg   
Share up as much as 3.1%.

Google, Temasek agree to invest $350m in Tokopedia

26 Oct 2020 /  Yoolim Lee, Bloomberg  
A major cash infusion that will bankroll the Indonesian online mall’s post-Covid-19 expansion.

Breathing new life into mining

26 Oct 2020 /  Moneyweb  
Microsoft’s newly-launched Mining Core helps re-ignite the mining sector.
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