Rand tumbles in flash crash

The rand weakened to R14.70/$ with Apple’s revenue downgrade being blamed for the flash crash in Asian trade.

Slowing China takes a bite out of Apple’s forecasts

The company’s downward sales revision stunned the market, sending its shares sharply lower.

Anglo rejigs strategy and base metals management

The group is focusing on its long-term growth options due to the move to a “cleaner, more electrified and richer world”.

Stocks fall on first trading day of 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.

Howden to proceed with delisting despite opposition

The group will proceed with a general offer to minorities after “dissenting shareholders” stood in the way of a scheme of arrangement.

Tesla falls after missing lofty expectations

The maker of electric vehicles has also cut the price on a number of its US models by $2,000.

The Week Ahead

Hopefully, 2019 will be a better year for global equity markets than 2018

MTN incentivises directors to drive recovery

Following a 35% slide in its share price last year, the group’s Performance Share Plan is aimed at awarding directors for future performance.

Oil’s slump brings relief at the pumps

Petrol will fall by at least R1.20 a litre this week as concerns about global growth weigh on the oil price.

Gold regains its glister on uncertainty

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.