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04 January 2019
The rand weakened to R14.70/$ with Apple’s revenue downgrade being blamed for the flash crash in Asian trade.
The company’s downward sales revision stunned the market, sending its shares sharply lower.
The group is focusing on its long-term growth options due to the move to a “cleaner, more electrified and richer world”.
03 January 2019
Stock markets stuttered into the new year after a decline in Chinese manufacturing activity last month was blamed on a trade dispute with the US.
The group will proceed with a general offer to minorities after “dissenting shareholders” stood in the way of a scheme of arrangement.
The maker of electric vehicles has also cut the price on a number of its US models by $2,000.
02 January 2019
Hopefully, 2019 will be a better year for global equity markets than 2018
Following a 35% slide in its share price last year, the group’s Performance Share Plan is aimed at awarding directors for future performance.
31 December 2018
Petrol will fall by at least R1.20 a litre this week as concerns about global growth weigh on the oil price.
Gold broker GoldCore says gold could rise as high as $1,600 before ending 2019 at $1,500 an ounce as it reclaims its hedge status.