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Most Read Today

South Africa's rand firms as deficit fears ease

23/08 South Africa’s rand firmed early on Friday, bucking a downtrend among its emerging market peers, as concerns about South Africa's budget eased slightly.  Full story

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

00h20 U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies.  Full story

Naspers - results of GM

23/08 Naspers N Shareholders and A Shareholders (Shareholders) are referred to: (i) the announcement made by the Company on 25 March 2019 in relation to the Company's intention to form a new global consumer internet group, by listing its global consumer internet assets held by Myriad Internationa  Full story

Most Read This Week

South Africa's Harmony Gold eyes potential in AngloGold Ashanti assets

20/08 South Africa's Harmony Gold is interested in many projects including AngloGold Ashanti's Mponeng operations, CEO Peter Steenkamp said on Tuesday.  Full story

South Africa's rand falls as investors weigh local, global risks

19/08 South Africa's rand weakened on Monday as traders and investors continued to weigh heightened global growth risks against local uncertainty, while equities rose in line with global stock markets.  Full story

South Africa to consider new nuclear in affordable way

20/08 South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said on Tuesday.  Full story

 

SA Business

South Africa pledges fiscal discipline in sweeping health reform

23/08 A proposed switch to universal health coverage in South Africa will be managed in a fiscally responsible way, a senior presidential aide told Reuters, forecasting the landmark reform would cost the. . .  Full story

Randgold interim results June 2019

23/08 . . .  Full story

South Africa's Northam Platinum FY profit soars three-fold on higher metal prices

23/08 South Africa's Northam Platinum said on Friday its annual profit surged three-fold, underpinned by a surge in metal prices, improved performance and lower costs.. . .  Full story
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SA Company

South Africa's rand firms on weaker dollar after Fed chair speech

23/08 South Africa’s rand firmed to a two-week high on Friday as the dollar slipped after U.S. Federal Reserve Chair Jerome Powell set the stage for further interest rate cuts.. . .  Full story

South Africa to roll out sweeping health reform in stages

23/08 A proposed move to universal health coverage in South Africa will be rolled out in stages as the budget improves, a senior presidential aide told Reuters, forecasting the landmark reform would cost $2.2 billion. . .  Full story

Naspers Announces Shareholder Approval Of Plan To List International Internet Assets On Euronext Amsterdam

23/08 Naspers Ltd:. . .  Full story
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Live News Wire

Japan, U.S. made 'big progress' in trade talks - Japanese minister

01h47 The United States and Japan have made "big progress" in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday.  Full story

Sajid Javid prepares ground for no-deal emergency budget - The Times

01h19 British finance minister Sajid Javid is preparing ground for a no-deal emergency budget in the fortnight before Britain leaves the European Union, The Times reported.  Full story

Global disputes likely to thwart unity at G7 summit in France

01h00 Leaders of the G7 nations arrive in France on Saturday for a summit as a brewing U.S.-China confrontation over protectionism highlighted President Emmanuel Macron's tough task in delivering meaningful results on trade, Iran and climate change.  Full story
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Europe

New EU import curbs on fruit not Canada specific -Canadian minister

00h39 New European Union rules that could block shipments of Canadian cherries and other fruits to the 28-nation grouping apply to all countries and "was not unusual," a senior Canadian official said on Friday.. . .  Full story

Britain wants U.S. trade deal quickly, but terms have to be right - UK spokeswoman

23/08 Britain wants to agree a post-Brexit trade deal with the United States quickly, but the terms have to work for both sides, a British spokeswoman said on Friday ahead of a meeting between Prime. . .  Full story

Transat shareholders approve Air Canada's C$720 mln bid for leisure group

23/08 Transat AT Inc shareholders on Friday overwhelmingly voted in favor of Air Canada's bid for the leisure group, in a deal that still requires domestic and European regulatory approval.. . .  Full story
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US

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

00h20 U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade. . .  Full story

Oil spills into U.S.-China trade war, prices slump

23/08 China said on Friday it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over. . .  Full story

USTR to accept public comment period before raising tariffs on $250 bln in Chinese imports

23/08 The U.S. Trade Representative's office on Friday said it would hold a public comment period before raising tariffs on $250 billion in Chinese imports on Oct. 1 from 25% to 30% after China announced. . .  Full story
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Asia

Credit ratings underscore need for Lebanon reforms -finance minister

00h40 Lebanon is committed to economic reforms and will overcome its crisis, the finance minister told Reuters on Friday after Fitch downgraded the country's credit rating to CCC while S&P kept it at B-/B.. . .  Full story

CME lean hog futures dive as U.S.-China trade war heats up

00h12 Chicago Mercantile Exchange lean hog futures tumbled on Friday, with the benchmark October contract falling its daily 3-cent limit after China announced a fresh set of tariffs on U.S. agricultural products, traders said.. . .  Full story

Fitch, S&P ratings are reminder of need for Lebanon reforms -finance minister

23/08 Lebanon will overcome crisis and has committed to reforms, the finance minister told Reuters after Fitch downgraded the country's credit rating to CCC while S&P affirmed it at B-/B on Friday.. . .  Full story
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Forex

World needs to end risky reliance on U.S. dollar -BoE's Carney

00h22 Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve. . .  Full story

Stocks tumble, yen rallies as U.S. and China escalate trade war

00h09 Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods.. . .  Full story

Trump jacks up tariffs on Chinese imports in latest tit-for-tat

23/08 President Donald Trump said on Friday the United States would subject Chinese imports to an additional 5% tariff in response to what he called a politically motivated move by China to impose tariffs on. . .  Full story
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Africa

South Sudan makes minor oil discovery, first since independence

22/08 South Sudan has made a small oil discovery in Northern Upper Nile State, its first since independence in 2011 when exploration was interrupted by war and instability, the oil minister said on Thursday.. . .  Full story

Zimbabwe charges former Mugabe deputy with abuse of office

22/08 Phelekezela Mphoko, a former deputy to ousted Zimbabwe president Robert Mugabe, was charged on Wednesday with criminal abuse of office, his lawyer said, in the latest move by the new anti-corruption. . .  Full story

Zimbabwe July inflation at 21.04 % mth/mth - statistics office

21/08 Zimbabwe's month-on-month inflation rate fell to 21.04% in July compared to 32.96% the previous month as prices of basic goods increased at a slower pace, statistical agency ZIMSTATS said on Wednesday.. . .  Full story
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