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LATEST Africa  

Looting cheap food from hungry Zimbabweans

29 Feb 2020 /  Cathy Buckle  
Twenty years ago this week farm invasions began in Zimbabwe and they have continued for much of the last two decades.

SA could lose out on tariffs under Africa trade deal

28 Feb 2020 /  Prinesha Naidoo, Bloomberg  
'The movement of goods and services on the African continent obviously has a lot of positives, which potentially can benefit the continent,'

Italian man becomes Nigeria’s first case of coronavirus – minister

28 Feb 2020 /  Alexis Akwagyiram, Reuters   2
There is no cure for the coronavirus, which can lead to pneumonia, and a vaccine may take up to 18 months to develop.

Dangote Nigeria starts test run $2bn fertiliser plant

27 Feb 2020 /  Ruth Olurounbi, Bloomberg  
'By the time our plant is fully commissioned, the country will become self sufficient in fertiliser production.'

Headwinds for Hyprop as SA portfolio devalued by R1.1bn

UPDATE
28 Feb 2020 /  Suren Naidoo   5
Latest results also show that group distributable income for its half-year to the end of December 2019 decreased 13%.

SAA rescuers get extra month to make plan

28 Feb 2020 /  Antony Sguazzin, Bloomberg   3
The extension is to allow committees representing SAA employees and creditors to give feedback on a draft version of the plan.

Massmart’s 2019 annus horribilis

28 Feb 2020 /  Suren Naidoo   5
First full-year loss since listing on the JSE in 2000.

Steinhoff sales rise in Christmas quarter on strong Pepco performance

27 Feb 2020 /  Nqobile Dludla, Reuters  
Pepco Group reported a 15% jump in revenue, driven by the expansion of its PEPCO and Dealz brands.

LATEST Economy  

Wrap-up of global economic news

26 Feb 2020 /  Michael Heath, Bloomberg  
China growth sub-3%, Fed rate risks, Wargaming pandemic.

G-20 finance chiefs on alert with global growth at risk

23 Feb 2020 /  Toru Fujioka, Jana Randow and William Horobin, Bloomberg  
Countries 'agreed to be ready to intervene with the necessary policies....'

Bond investors signal SA to lose investment grade

21 Feb 2020 /  Colleen Goko, Bloomberg    3
Many investors expect South Africa to lose its last investment-grade rating. Their only question is when.

Trump says SA is ‘rich’. He has a point

19 Feb 2020 /  Adriaan Kruger   42
Surely there are more than just 'developed' or 'developing' economy categories?

LATEST Industry  

Mining, Engineering, Industry, Factory production

Army of 100 000 Chinese ducks ready to fight locust swarms

28 Feb 2020 /  Alfred Cang, Bloomberg   
The ducks are 'biological weapons' and can be more effective than using pesticide, researchers say.

Draft guidelines ‘a threat to road safety standards’ – Association

27 Feb 2020 /  Roy Cokayne   13
Nada says giving car owners freedom of choice will have serious negative consequences for the industry.

Aveng: State’s approach to construction mafia is ‘contradictory’

26 Feb 2020 /  Roy Cokayne   15
Government moots using Prevention of Organised Crime Act; listed group claims Sanral wants to pass all the risk onto contractors.

SA’s maize output expected to rise 29%

24 Feb 2020 /  Tanisha Heiberg, Reuters   
Good rains and higher plantings boost output.

LATEST International  

WHO raises global risk for coronavirus to very high

28 Feb 2020 /  Thomas Mulier, Bloomberg   
Several countries are struggling to contain the virus.

Brent crude drops below $50 as coronavirus spreads around world

28 Feb 2020 /  Ann Koh, Bloomberg  
'I have never known so much uncertainty in the oil market - and especially so many large uncertainties,'

Coronavirus crash wipes $5 trillion off world stocks

28 Feb 2020 /  Hideyuki Sano, Reuters   3
US yields plunging with the benchmark 10-year notes yield hitting a record low of 1.241%.

World stocks: virus stokes recession fears

28 Feb 2020 /  Sam Holmes, Reuters   1
Expectations the Fed will cut interest rates to cushion the blow are rising in money markets.

LATEST Markets  

The rand nose-dives

28 Feb 2020 /  Melitta Ngalonkulu   3
As investors fear Coronavirus becoming a global pandemic and Moody's downgrading SA.

Rand, stocks hit as virus and rating-cut fears bash SA

28 Feb 2020 /  Robert Brand and Adelaide Changole, Bloomberg  
The rand weakened for a fifth day on Friday, falling as much as 1.4%.

Brent crude drops below $50 as coronavirus spreads around world

28 Feb 2020 /  Ann Koh, Bloomberg  
'I have never known so much uncertainty in the oil market - and especially so many large uncertainties,'

Coronavirus crash wipes $5 trillion off world stocks

28 Feb 2020 /  Hideyuki Sano, Reuters   3
US yields plunging with the benchmark 10-year notes yield hitting a record low of 1.241%.

LATEST South Africa  

Competition court says global banks can be fined in SA over alleged rate rigging

28 Feb 2020 /  Emma Rumney, Reuters   
The watchdog is seeking to fine 23 local and foreign banks.

Eskom waiting for government on 3 000MW gas-fired plant

28 Feb 2020 /  Paul Burkhardt, Bloomberg    4
The facility could alleviate the electricity shortage.

SA’s trade balance swings to deficit in January

28 Feb 2020 /  Olivia Kumwenda-Mtambo, Reuters   
Trade balance swings to a deficit of R1.87bn.

Tax compliance could save your business

28 Feb 2020 /  Melitta Ngalonkulu   3
If not SARS will come after you. 'Sars is going to be on the lookout for all these small businesses, making sure they're compliant' - Nadine Chetty, Ecomm Accounting Solutions.

LATEST Tech  

JSE-listed IT companies’ torrid start to the decade

27 Feb 2020 /  Duncan McLeod   4
EOH is the poster child of how spectacularly bad things can get.

Adapt IT reviewing its capital structure

24 Feb 2020 /  Duncan McLeod  
No interim dividend declared.

SAP’s Africa head has ‘no recipe’ for dealing with graft probes

24 Feb 2020 /  Loni Prinsloo, Bloomberg   1
In SA SAP is also cooperating with local authorities.

Absa sees future for Kenyan banking app elsewhere in Africa

24 Feb 2020 /  Tebogo Tshwane    1
Timiza user numbers already approaching 5m.

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