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Most Read Today

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

Sterling erases gains as traders weigh UK's next moves

25/09 Sterling erased earlier gains in a choppy session on Friday as investors hoped Britain's new scaled-back job support scheme would be followed by other fiscal measures but feared talks about a move to sub-zero rates could intensify.  Full story

What we know about China's 'dual circulation' economic strategy

09/09 China has unveiled a "dual circulation" strategy to cut its dependence on overseas markets and technology in its long-term development, a shift brought on by a deepening rift with the United States.  Full story

Most Read This Week

Dollar loses ground as stocks gain on stimulus hopes

24/09 The U.S. dollar lost ground as equities gained in volatile trading on Thursday with investors betting on the prospects for a new U.S. stimulus package to boost the coronavirus-battered economy after data showed rising unemployment claims. Currencies and stocks reversed directions as the day wore  Full story


SA Business

S.Africa's stock market, rand drop amid virus resurgence

25/09 Shares on the Johannesburg Stock Exchange (JSE) fell sharply on Friday, giving up gains made earlier in the week, amid concerns that rising coronavirus cases around the world could delay economic recovery.. . .  Full story

S.Africa's stock market falls 2%, rand weakens in afternoon trade

25/09 The Johannesburg Stock Exchange (JSE) index gave up the gains made earlier in the week as the stock market plunged on Friday amid concerns that rising coronavirus cases could delay economic. . .  Full story

South Africa to purchase 6,800 MW of solar, wind power, says energy minister

25/09 South African state utility Eskom will buy at least 6,800 megawatts of solar and wind power from independent power producers from 2022, energy minister Gwede Mantashe said on Friday in the. . .  Full story

SA Company

Unilever South Africa to pull all TRESemmé products for 10 days over 'racist' ad

10/09 Unilever has agreed to pull all its TRESemmé haircare products from South African retail stores for 10 days as a show of remorse for a "racist" ad, the consumer group said in a joint. . .  Full story

South African franchise restaurant chain Spur to further defer interim dividend payment

03/09 South African franchise restaurant chain Spur Corporation said on Thursday it will further defer payment of its 2020 interim dividend in order to preserve cash during the COVID-19 pandemic.. . .  Full story

South African drugmaker Aspen expects 7-11% full-year earnings growth

27/08 South Africa's Aspen Pharmacare Holdings Ltd expects growth in its headline earnings per share (HEPS) from continuing operations of between 7-11% for the full year that ended June 30, the company said in a statement. . .  Full story

Live News Wire

Beijing autoshow: Demand rebound, EV boom mix with murky outlook

06h10 China's auto market has rebounded smartly from the COVID-19 crash in recent months, especially for high-end cars, but questions about the durability of that recovery hung over the Beijing autoshow that started on Saturday.  Full story

Mitsubishi Motors to cut 500-600 jobs to reduce costs-sources

05h53 Mitsubishi Motors Corp will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday.  Full story

Two ex-Deutsche Bank traders convicted in U.S. over fake orders

02h30 Two former Deutsche Bank AG traders were found guilty on Friday by a federal jury in Chicago of placing fraudulent "spoof" orders for precious metals futures contracts, the Justice Department said.  Full story


Fitch Affirms Uk At 'Aa-' Outlook Negative

25/09 /p>. . .  Full story

Oil falls on mounting COVID-19 cases, supply concerns

25/09 Oil edged lower on Friday, falling more than 2% on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks.. . .  Full story

Gold slips as investors look to dollar for safety from coronavirus woes

25/09 Gold fell on Friday, hovering near last session's over two-month low, as investors sought shelter in the dollar from rising coronavirus cases and uncertainties over the next U.S. stimulus to aid the economy.. . .  Full story


Justice Department asks judge to allow U.S. to bar WeChat from U.S. app stores

02h09 The U.S. Justice Department asked a federal judge in San Francisco on Friday to allow the government to bar Apple Inc and Alphabet Inc's Google from offering WeChat for download in U.S. app stores pending. . .  Full story

USDA funds $1 mln research project studying COVID-19 in U.S. beef supply chain

01h44 The U.S. Department of Agriculture is funding a $1 million research project to identify how the virus that causes COVID-19 might be transmitted in the nation's beef supply chain, from cattle on the farm. . .  Full story

Trudeau says he will 'take into account' U.S. drug import plans but will put Canadians first

25/09 Canadian Prime Minister Justin Trudeau said on Friday that while he is willing to entertain demands from the United States for Canadian medications, he would put the nation's needs first.. . .  Full story


Latest on the worldwide spread of coronavirus

25/09 India reported 86,052 new coronavirus cases on Friday and was set to overtake the United States by next month as the world's worst-affected nation, while the World Health Organization warned the global death toll. . .  Full story

Israel tightens second-wave lockdown as PM, critics argue over protest curbs

25/09 Israel tightened COVID-19 lockdown measures on Friday and critics accused Prime Minister Benjamin Netanyahu of trying to curb protests against his handling of the health and economic crises.. . .  Full story

India unlikely to revoke PUBG ban despite Tencent licence withdrawal - source

25/09 India is unlikely to revoke a ban on PlayerUnknown's Battlegrounds (PUBG) following PUBG Corp's decision to withdraw the mobile game's publishing rights in the country from China's Tencent, a senior government official said on Friday.. . .  Full story


Stocks rally to end bitter week; dollar up the most since April

25/09 Stocks fell 2% around the globe this week and the dollar posted its strongest weekly performance since April as concern over the economic effect of a second wave of coronavirus-related lockdowns weighed on investors' risk. . .  Full story

C$ sees biggest weekly drop in 5 months as economic risk climbs

25/09 The Canadian dollar weakened to a seven-week low against its U.S. counterpart on Friday as rising economic and political uncertainties raised demand for safe-haven currencies, with the loonie losing ground for the third straight week.. . .  Full story

Dollar resumes its rally, showing strongest week since early April

25/09 The dollar gained ground on Friday and measured its biggest weekly gain since early April as investors worried about a slowing economic recovery, rising coronavirus infections in Europe, uncertainty about U.S. stimulus, and. . .  Full story


Ghana raises 2020/21 cocoa farmgate price by 28%

25/09 Ghana will increase the guaranteed cocoa price it pays to farmers during the upcoming growing season by 28% to 10,560 cedis ($1,837) per tonne President Nana Akufo-Addo said on Thursday.. . .  Full story

Zambia aiming to reduce deficit to 9.3% in 2021 - finmin

25/09 Zambia aims to lower its fiscal deficit and external debt in the coming year after both overshot plans in 2020 due to the coronavirus, Finance Minister Bwalya Ng’andu said in a. . .  Full story

Morocco sells 1 bln euro in dual-tranche bonds - document

24/09 Morocco on Thursday sold bonds worth 1 billion euro split into two tranches of 5-1/2 and 10 years, a document showed.. . .  Full story