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Government moves to quell speculation around fuel levy and GFIP bonds

17 Aug 2022 /  Roy Cokayne
Following Outa expressing concern that government will hijack expected fuel price cuts.

Vessel blocking Rhine river in Germany near Kaub chokepoint

17 Aug 2022 /  Rachel Graham and Jack Wittels, Bloomberg
The affected vessel is made up of four parts, which will have to be separated from one another before they can be towed away.
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Tiger Brands to install solar in power-starved SA

17 Aug 2022 /  Helen Nyambura, Bloomberg
The multi-million-rand plan aims to 'maximise efforts to reduce the company’s reliance on the national grid.'

Durban residents repair flood damage, give up on government

17 Aug 2022 /  Benita Enoch, GroundUp
Some suburban associations have ambitions to get 'off the municipal grid'.

Namibia raises key interest rate by most in two decades

17 Aug 2022 /  Kaula Nhongo, Bloomberg
The monetary policy committee lifted the rate by 75 basis points to 5.5%.

Tencent unveils first-ever sales fall, job cuts as economy sinks

17 Aug 2022 /  Zheping Huang, Bloomberg
The company is grappling with a deepening downturn in the world’s No 2 economy.

Chipmakers are flashing more warnings on the global economy

17 Aug 2022 /  Sam Kim, Bloomberg
The following charts look at the chip industry and its implications for the world economy.

Truworths expects record full year earnings

17 Aug 2022 /  Akhona Matshoba
This despite facing significant trading challenges in its main markets of South Africa and the United Kingdom.

[TOP STORY] Q3 promises no relief for squeezed consumers

17 Aug 2022 /  Simon Brown
Access to borrowing from family or friends dissipates as they are also under financial pressure: Momentum economist Johann van Tonder.

DRDGold sees annual profit decline as costs rise

17 Aug 2022 /  Nelson Banya, Reuters
DRDGold said it expects to release its annual results on August 24.
UPDATE

Sibanye expects sharp profit fall after strike, floods hit output

17 Aug 2022 /  Nelson Banya, Reuters
The company expects to release its half-year financial results on August 25.

Rand firmer before local retail sales, Fed minutes

17 Aug 2022 /  Alexander Winning, Reuters
In early trade the rand was at R16.38 against the dollar, more than 0.1% stronger than its previous close.

Stock rally rolls on as steadier mood lifts crude: markets wrap

17 Aug 2022 /  Andreea Papuc and Tassia Sipahutar, Bloomberg
Gold was at $1 779.09 an ounce, up 0.2%.

Ukraine strategy targets Russian army’s lifelines in Kherson

17 Aug 2022 /  Bloomberg News
Nearly six months into the war, Russia’s campaign to seize full control of Ukraine’s eastern Donbas region is making slow headway.

Barclays warns of credit pain in return to 1970s inflation regime

17 Aug 2022 /  Olivia Raimonde, Bloomberg
The current inflation and growth environment is most akin to the 1973 to 1975 and 1978 to 1980 time periods.

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