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Most Read Today

Big Four told to ring fence auditing in Britain by June 2024

06/07 PwC, Deloitte, KPMG and EY should ring fence auditing in Britain as a separate business by June 2024, their regulator said on Monday in one of the most sweeping changes to the sector globally to improve audit quality.  Full story

Apollo launches platform to make large loans

06/07 Buyout firm Apollo Global Management Inc said on Monday it is creating a new credit unit to provide companies with loans of about $1 billion.  Full story

Most Read This Week

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.  Full story

 

SA Business

African Markets - Factors to watch on July 7

06h57 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: * Seychelles to. . .  Full story

Kibali's $500 million will be cleared to leave Congo 'very soon' - Barrick CEO

06/07 Barrick Gold's Kibali gold mining joint venture in Democratic Republic of Congo will be able to get $500 million out of the country very soon, CEO Mark Bristow told Reuters on Monday.. . .  Full story

SA's DPE Calls On Unions To Convene Bilateral Meetings To Finalise SAA Restructuring Plan

06/07 South Africa's DPE:. . .  Full story
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SA Company

African Markets - Factors to watch on July 6

06/07 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - EVENTS: * Seychelles to. . .  Full story

South Africa's unemployment rate hit record high before virus

23/06 South Africa's unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday, highlighting weakness in the economy even before it was. . .  Full story

RMB Holdings Says Allan Gray's Clients Hold 6.1311% Of Co's Total Issued Shares

09/06 Rmb Holdings Ltd:. . .  Full story
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Live News Wire

Australia's c.bank holds rate at record low, keeps wary eye on recovery

07h15 Australia's central bank held its cash rate at an all-time low on Tuesday, in a widely expected decision, and said it will maintain its accommodative approach for "as long as it is required."  Full story

German industry expects production to rise in coming months - Ifo

07h14 Industrial firms in Europe's largest economy expect their production to increase in the coming three months, a survey published by Germany's Ifo institute on Tuesday showed.  Full story

Gold steadies near 8-year high as virus cases surge

07h10 Gold prices held steady near an eight-year high on Tuesday as investors weighed a spike in COVID-19 cases around the world against a survey showing a rebound in U.S. services industry activity and expectations of a revival in China's economy. Spot gold was almost unchanged at $1,784.06 pe  Full story
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Europe

Copper scales 5-month high on China recovery hopes, supply fears

07h09 Copper prices rose on Tuesday to a five-month high as hopes of an economic recovery in China and supply fears underpinned sentiment.. . .  Full story

Oil prices fall on demand concerns from U.S. coronavirus case surge

05h43 Oil prices fell on Tuesday, erasing earlier gains, on concerns that the surge in coronavirus cases in the United States, the world's biggest oil user, will limit a recovery in fuel demand.. . .  Full story

COLUMN-London aluminium hit by flash squeeze even as stocks surge: Andy Home

03h00 The London aluminium market was rocked by a short but severe squeeze last week.. . .  Full story
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US

U.S. home solar installer Sunrun to buy Vivint Solar for about $1.46 bln

07h00 Sunrun Inc said on Monday it will buy Blackstone-backed peer Vivint Solar for about $1.46 billion in an all-stock deal, as the top U.S. residential solar installers look to solidify their market position.. . .  Full story

Fed's Bostic says U.S. recovery may be 'levelling off' - FT interview

06h35 Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states.. . .  Full story

Pompeo says U.S. looking at banning Chinese social media apps, including TikTok

06h31 Secretary of State Mike Pompeo said late on Monday that the United States is "certainly looking at" banning Chinese social media apps, including TikTok.. . .  Full story
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Asia

Japan govt says coincident indicator index suggests economy is worsening

07h09 Japan's coincident indicator index fell in May and the government kept its view on the index, signalling the coronavirus outbreak was hurting the economy.. . .  Full story

Indian committee recommends moving LG Polymers plant hit by gas leak

06h34 An Indian government-appointed committee investigating a deadly gas leak at an LG Polymers plant in southern India that killed 12 in May has recommended shifting the chemical factory away from human habitation, it said in. . .  Full story

China shares extend rally into sixth day; Hang Seng takes breather

06h33 A Chinese share rally extended into its sixth day on Tuesday, as retail investors rushed to join an officially sanctioned bull market, but stocks in Hong Kong paused as investors consolidated gains.. . .  Full story
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Forex

Yuan climbs to 3-1/2-month high, but unexpectedly soft fix trims gains

07h01 The yuan advanced further to a fresh 3-1/2 month peak and tested key resistance on Tuesday, although weaker-than-expected guidance by the central bank trimmed gains. Prior to market opening, the People's. . .  Full story

Australia dlr holds gains after RBA, coronavirus lockdowns a concern

06h59 The Australian dollar held recent gains on Tuesday as a rise in Chinese stocks supported risk appetite globally, while Australia's central bank kept rates at record lows amid a worrying rise of coronavirus cases. . .  Full story

Australia's central bank holds cash rate at 0.25%

06h36 Australia's central bank left its cash rate at a record low of 0.25% on Tuesday in a widely expected decision and reiterated it stood ready to ease policy further if necessary.. . .  Full story
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Africa

Morocco's 2020 budget review sees fiscal deficit at 7.5%, growth at -5%

06/07 Morocco's review of the 2020 budget expects the fiscal deficit at 7.5% and growth at -5% on the back of the coronavirus outbreak, the Royal cabinet said on Monday. The draft budget, which will be. . .  Full story

Mine Restoration Investments Says Co Concluded Loan Agreement For Advancement Of R3 Mln

06/07 Mine Restoration Investments Ltd :. . .  Full story

Tongaat Hulett Says It Remains Of View That MAC Has Not Occurred On Sale Of Starch Business

06/07 Tongaat Hulett Ltd:. . .  Full story
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