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Sunday, December 9, 2018

Steinhoff shares tumble after accounts, PwC probe delayed

JOHANNESBURG - A probe into accounting irregularities at Steinhoff International and the release of the retailer's restated results have been delayed, it said on...

South Africa’s rand weakens on risk aversion

JOHANNESBURG - South Africa's rand weakened against the dollar in early trade on Thursday as fears of a fresh flare-up in tensions between the...

South Africa’s Eskom wants state to take on $7.2 bln of its debt

JOHANNESBURG (Reuters) - South Africa's struggling state-run power firm Eskom...

Zimbabwe to allow two new companies to mine diamonds

HARARE - Zimbabwe will now allow two more private companies to explore and mine diamonds in the country, bringing to four the number of...

South Africa emerges from recession as farming, manufacturing jump

PRETORIA - Farms and factories dragged South Africa out of its first recession in almost a decade, data showed on Tuesday, as the economy...

Digital newcomers out to disrupt South African banking

JOHANNESBURG - Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious...

Absa PMI rises for the first time in 3 months

JOHANNESBURG - South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) rose in November, supported by an uptick in new orders and business activity,...

Mantashe to amend oil and gas sector moratorium

JOHANNESBURG, November 29 – Mineral resources minister Gwede Mantashe said on Thursday he would amend the moratorium currently in place for the oil and...

Dr Iqbal Survé bows out with grace from ‘challenging but rewarding’ BRICS Business Council...

JOHANNESBURG, November 28 - Outgoing chairman of the BRICS Business Council, Dr Iqbal Survé, on Wednesday described his tenure at the helm of the business establishment...

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