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LATEST South Africa  

SA’s trade surplus narrows to R11.83bn in January

26 Feb 2021 /  Olivia Kumwenda-Mtambo, Reuters  
From a revised surplus of R33.06 billion in December.

Steinhoff agrees sale and lease-back of Conforama Iberia properties

26 Feb 2021 /  Nqobile Dludla, Reuters   1
EBITDA fell to 578 million euros ($700.13 million) for the year ended September 30, from 733 million euros in 2019.

Moody’s says lower deficits in SA budget won’t prevent debt rising

26 Feb 2021 /  Alexander Winning, Reuters   1
Adding that downside risks remained elevated.

Rand steadies after slide to three-week lows

26 Feb 2021 /  Mfuneko Toyana, Reuters  
The benchmark 10-year Treasury yield surged above 1.6% overnight for the first time in a year.

SA’s January credit growth slows to 3.26% y/y

26 Feb 2021 /  Mfuneko Toyana, Reuters  
From 3.55% in December.

Cracking down on the professionals who enable financial crimes

26 Feb 2021 /  Barbara Curson   9
Regulatory and professional bodies should play their part.

Woolies prepares for a food fight

26 Feb 2021 /  Ann Crotty   22
As competition at the top end of that market intensifies.

Another citizen group takes its local municipality to court

26 Feb 2021 /  Ciaran Ryan   15
In this case to get rid of a municipal manager who just won’t leave, despite repeated accusations of mismanagement.

Discovery: Profitable in a pandemic

26 Feb 2021 /  Moneyweb   11
But medical aid member numbers are still declining.

M&R expecting lower profit (not a loss) from Gautrain

25 Feb 2021 /  Roy Cokayne   2
Bombela expected to lose about R700m in 2020/21 because of lower Gautrain ridership levels - Budget Review.

SA medical schemes may no longer need to subsidise Covid vaccines – executives

25 Feb 2021 /  Emma Rumney, Reuters  
After the government allocated significant funds for the vaccine rollout.

Discovery warns of SA death spike in Covid third wave

25 Feb 2021 /  Roxanne Henderson, Bloomberg   2
'The vaccination program has to be successful and has to be rapid,' Gore said.

SA aims to vaccinate 1.1m people by end of March

25 Feb 2021 /  Wendell Roelf, Reuters   2
So far 32 000 health workers had been vaccinated in a research study using Johnson & Johnson's shot.

Africa’s largest fibre company raises $840m in bond sale

25 Feb 2021 /  Loni Prinsloo and Bella Genga, Bloomberg  
To refinance debt and expand further into Africa.

2021 maize harvest seen up 4% on favourable weather

25 Feb 2021 /  Tanisha Heiberg, Reuters  
The CEC, pegged the 2021 harvest at 15.849 million tonnes, up from the 15.300 million tonnes harvested last season.

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