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LATEST Africa  

Zimbabwe $1.25bn plan sees cannabis as biggest cash crop

1 Dec 2020 /  Ray Ndlovu, Bloomberg  
Economists sceptical.

Zimbabwe rules out return to US dollar

30 Nov 2020 /  Godfrey Marawanyika, Bloomberg   1
Backs local currency.

Malaria death toll to exceed Covid-19’s in sub-Saharan Africa – WHO

30 Nov 2020 /  Kate Kelland, Reuters  
More than 409 000 people globally were killed by malaria in 2019.

Africa’s oldest surviving party – the ANC – has an Achilles heel

29 Nov 2020 /  Keith Gottschalk   9
Its broken branch structure.

R9.8bn write-down in Redefine’s property portfolio

2 Dec 2020 /  Suren Naidoo  
But group says it has now taken most of the pain.

Redefine scoops Stanlib exec Ntobeko Nyawo as its new CFO

1 Dec 2020 /  Suren Naidoo   1
Becoming the property fund’s first black executive.

Rebosis delays FY results in hope of an unqualified audit

1 Dec 2020 /  Suren Naidoo   4
As auditor calls for restatement related to part of last year’s financials.

Despite recovery, Standard Bank remains cautious

1 Dec 2020 /  Larry Claasen   8
Bank won't pay a dividend.

LATEST Economy  

The threat, or promise, of inflation

2 Dec 2020 /  Patrick Cairns, Citywire  
Even if it comes, would it be a good thing?

SA ports regulator rejects TNPA’s 19.74% tariff increase request

1 Dec 2020 /  Suren Naidoo   5
Announces effective ‘0% overall average tariffs increase’ for 2021/22, aimed at upping the country’s competitiveness and lowering the cost of doing business.

Competition settlement: Only two construction firms up to date on payments

30 Nov 2020 /  Roy Cokayne   3
'Each company must plead its own case for deferment' – Safcec.

Meat prices signal expensive braais this festive season

29 Nov 2020 /  Paul Makube   12
A grade beef prices breach the R50/kg mark for the first time.

LATEST Industry  

Mining, Engineering, Industry, Factory production

Competition settlement: Only two construction firms up to date on payments

30 Nov 2020 /  Roy Cokayne   3
'Each company must plead its own case for deferment' – Safcec.

Construction sector collusion and bid-rigging settlement agreement in trouble

27 Nov 2020 /  Roy Cokayne   3
Stefanutti Stocks wants to negotiate a deferment of this year’s instalment with government.

Export taxes becoming more prevalent globally

27 Nov 2020 /  Amanda Visser   11
SA is following the trend by introducing an export tax on scrap metal exports in 2021.

Aveng to embark on rights offer to raise R300m minimum

26 Nov 2020 /  Roy Cokayne   12
Capital raise is part of a plan to restructure its debt and recapitalise the group

LATEST International  

Biden win spurs immigration interest from Saffers

2 Dec 2020 /  Moneyweb  
If you are thinking about leaving for greener pastures and have $900 000 to spare, you can relocate anywhere with the United States via the American Dream EB5 visa programme.

Stocks rise on signs of growth upturn; dollar dips: markets wrap

1 Dec 2020 /  Andreea Papuc, Bloomberg  
Gold edged up and Bitcoin was at a record.

Rusty pilots making flying mistakes

1 Dec 2020 /  Harry Suhartono and Anurag Kotoky, Bloomberg   1
Aviation’s next headache.

Moderna seeks clearance for Covid shot

1 Dec 2020 /  Robert Langreth, Bloomberg  
After strong results.

LATEST Markets  

Stocks rise on signs of growth upturn; dollar dips: markets wrap

1 Dec 2020 /  Andreea Papuc, Bloomberg  
Gold edged up and Bitcoin was at a record.

Dollar’s slump propels global peers toward multi-year peaks

30 Nov 2020 /  Ruth Carson and Greg Ritchie, Bloomberg   2
Toward multi-year peaks.

Stocks slip as record month nears end; oil falls: markets wrap

30 Nov 2020 /  Adam Haigh, Bloomberg  
A gauge of the dollar extended its recent retreat to the lowest level since April 2018.

Dollar’s slump thrusts currency peers to brink of new highs

30 Nov 2020 /  Ruth Carson, Bloomberg   
Greenback extends losses.

LATEST South Africa  

Sanral extends e-toll collection contract for a further year

2 Dec 2020 /  Roy Cokayne  
Outa claims ETC’s contract ends today and cannot legally be extended again.

Multinationals: Transfer pricing policies to be scrutinised post-Covid

2 Dec 2020 /  Amanda Visser  
Tax adjustments in this area seen as a major revenue generator.

Distressed companies can apply for lower electricity tariffs

2 Dec 2020 /  Moneyweb  
Frameworks for incentive pricing have been finalised.

Absa PMI expands at slower pace in November

1 Dec 2020 /  Olivia Kumwenda-Mtambo, Reuters  
Compared with the previous month as new sales dropped.

LATEST Tech  

Absa’s data leak explained

1 Dec 2020 /  Duncan McLeod   13
Involved 'unlawful' leaking of client information by an employee.

Tesla S&P debut to come all at once

1 Dec 2020 /  Esha Dey, Bloomberg  
Rippling across markets.

Ex-Tesla factory worker to pay $400,000

1 Dec 2020 /  Robert Burnson, Bloomberg   2
To end feud with Musk.

Tougher battery standards sought by EU

30 Nov 2020 /  Ewa Krukowska, Bloomberg   2
In shift to electric cars.
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