NEWS ARCHIVES


01 August 2017

Miners Drive South African Stocks to Record High as Kumba Gains

South Africa's benchmark stock index advanced to a record Monday, joining a global rally as commodity prices surged on optimism economic growth is gathering momentum...

Politics to Weigh on South Africa's Central Bank, Moody's Says

South Africa's central bank is under increasing political pressure to maintain "expansionary" monetary policy, Moody's Investors Service said...

Maimane: Only way to free SA from Zuptas, state capture is to fire ANC

As the August 8 vote of no-confidence in President Jacob Zuma approaches, it looks as if we can begin to forecast what may happen...

The future is here: Shell CEO says next car will be electric as Musk releases Tesla 3

When the boss of Europe's biggest listed oil company says his next car will be electric, it says a lot about the future of fossil fuels...

A timely warning to adapt to the approaching 'Tsunami of Tech' - IRR

Rabelani Dagada takes an upbeat view of the current tech turbulence, citing convincing examples to argue that ICT will boost economies and job creation...

GroundUp: Civil society mobilises to end Zuma presidency

A People's March is to be held on 7 August in Cape Town in advance of the no confidence vote in Zuma in Parliament scheduled for...




31 July 2017

Gloom Gripping South African Economy Spilling Over Into Banks

Barclays Africa Group Ltd. just delivered further proof that South Africa's economy won't be climbing out of the doldrums anytime soon...

KPMG-Gupta links: Sygnia's Wierzycka fires KPMG for 'looking the other way'

"We must make examples of those who aided and abetted corruption in SA. And those who might have chosen to look the other way," says South...

Making Waves. Big ones. Coming your way soon.

J. BROOKS SPECTOR watches a film on an iconic Japanese woodblock print and begins to think about the waves washing over America's (and the world's) political,...

Zuptanomics: Is now the time to cash in your preservation fund?

Amid SA's recession, the unwillingness of President Jacob Zuma to resign and junk downgrades; you may be considering cashing in your preservation fund...

Horn of Africa a flash point for proxy battles among Gulf states

The fall-out between the Gulf states is exacerbating tensions in the Horn of Africa against the background of growing Middle East involvement in the region...




28 July 2017

Anglo Back to Ambition With Surprise Dividend and Growth Aim

Anglo American Plc, the mining giant that fought to survive the commodities collapse, has returned with a renewed sense of ambition, surprising investors with a dividend...

Choking on greed: 'Best trader in SA' Eric Wood grabs Gupta Trillian stake

Gupta lieutenant Salim Essa has sold all his shares in Trillian Capital Partners to CEO Eric Wood, who boasts he is the greatest trader in South...

AB InBev shares climb on SABMiller cost savings, profit growth

Anheuser-Busch InBev NV set a high bar for other consumer-product companies seeking to boost profitability through cost cuts...

Goldman's Now Bullish on Iron Ore This Year But Warns on `18

Goldman Sachs Group Inc. boosted its iron ore forecasts after better-than-expected demand in China raised prices, but warned that it remains bearish...

GroundUp: Cybercrimes Bill threatens our freedom

There are just two days left to give your comments to Parliament. By Murray Hunter for GROUNDUP...

South Africa Raises Forecast for Record 2017 Corn Harvest

South Africa, the continent's biggest producer of corn, increased its forecast of this year's record crop after farmers improved their yields...

Who’s doing what in the South African & African M&A space?

Long4Life has announced details of its planned acquisition of JSE-listed Holdsport...

Thorts - Competition agencies work together in Africa

A growing number of African competition authorities are working together to promote coordination and harmonisation of national and regional laws and policies...

Movers & Shakers - Paul Pretorius

Pretorius has considerable experience and a proven track record in both raising equity and debt capital for clients, as well as advising clients in all areas...

Corporate finance activity of the week

The equity raise will be implemented through an accelerated bookbuild process and will raise approximately R400 million...




27 July 2017

Parliament & State Capture: Inquiry into Eskom's role passes first hurdle, but is it just a show of form?

Parliament's public enterprises committee is inching towards its inquiry into Eskom's dodgy procurement dealings, state capture and governance troubles including Brian Molefe's controversial return as chief...

Iron Ore CEO Who Called This Year's Crash Sees Further Declines

Kumba Iron Ore Ltd. Chief Executive Officer Themba Mkhwanazi correctly predicted in February that his company's commodity would plunge by 40 percent. After a recent recovery,...

Cell C Is Said to Sell $464 Million of Bonds Amid Takeover

Cell C Pty Ltd. plans to raise as much as $464 million from the sale of two bonds as part of the South African mobile-phone company's...

The Elon Musk effect: UK to ban diesel, petrol cars by 2040

As SA-born Elon Musk gears up to launch the production version of the more affordable Tesla Model 3 electric car, Europe is waking up to the...

South African Miners Apply to Block Minister's Rights Freeze

South Africa's Chamber of Mines, which represents the industry, made a court application to block a proposal by the mines minister to freeze granting and renewing mining...

Kuwait Seeks Energy Venture With Traders From Glencore to Vitol

OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit...




26 July 2017

Sasol Sees Profit Falling as Much as 21% on Rand, Oil Price

Sasol Ltd., the world's biggest producer of fuel from coal, said full-year profit fell as much as 21 percent as the South African economy struggles...

State Airline Asked South Africa for $772 Million, Minister Says

South African Airways asked the government for 10 billion rand ($772 million) as part of a recapitalization plan aimed at returning the state-owned carrier to profit...

Fikile Mbalula: The fight against crime in South Africa requires collaboration

Some countries at war do not even come close to the number of brutal murders we are experiencing. We have no time to waste over these...

Kumba resuscitates dividend as earnings jump on higher iron ore prices

Kumba Iron Ore will resume dividends for the first time in two years after higher ore prices earlier this year and more efficient production helped boost...

Zuma's Home Region Seeks Allies in S. Africa Succession Race

South African President Jacob Zuma's home province is making overtures to one of the key power blocs in the African National Congress in a bid to...

Nigeria May Hold Rates Even as Inflation Slows, Economy Shrinks

A weak naira and stubborn inflation may prevent Nigeria's central bank from following South Africa and Ghana in cutting interest rates...

ANC’s Leadership Race: The Dirtiest Options

It goes without saying that we live in cynical times. So cynical that some people believe the worst is about to happen. That a "certain someone"...

GM Warns of Tougher Second Half With U.S. Auto Market Past Peak

General Motors Co. is gearing up for a tougher second half of the year as it slashes production to bring inventory back in line and prepares...




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