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Friday, May 24, 2019

South African Markets – Factors to watch

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.   ECONOMIC EVENTS - South Africa inflation...

SABC says looming strike won’t disrupt ANC’s coverage

Zodidi Mhlana JOHANNESBURG- The South African Broadcasting Corporation (SABC) says that measures are in place to ensure there will be no disruptions to its coverage...

S.Africa’s revenue authority says annual tax revenue has doubled over the past decade

PRETORIA, December 12 – The South African Revenue Service said on Tuesday the annual tax revenue collected had doubled over the last decade to...

Business women in KZN transcend boundaries

Ayanda Mdluli JOHANNESBURG- A group of women in KZN are making waves and changing the landscape in one of SA's highly competitive industries. Not afraid to...

Metal workers union continues strike action at Agni Steel in SA

JOHANNESBURG, December 11 – Liberated Metalworkers Union of South Africa (Limusa) said on Monday that it will proceed indefinitely with its strike at Agni Steel...

Steinhoff calls in Moelis and AlixPartners to advise ahead of lenders’ meeting

BERLIN, Dec 10 (Reuters) - Troubled international retail conglomerate Steinhoff , whose shares plunged last week after disclosing accounting problems, said on Sunday it had appointed two...

The extent of Steinhoff’s economic slaughter

Ayanda Mdluli Steinhoff’s butchery of the South African economy was a carefully constructed and engineered collapse that came as a result of a series of...

Steinhoff shares bounce off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the...

Aveng terminates agreement to sell stake in Grinaker-LTA

JOHANNESBURG, Dec 8 (Reuters) - South African construction firm Aveng said on Friday it terminated an agreement to sell a 51 percent stake in its Grinaker-LTA...

Steinhoff fall continues to record lows – PIC exposed!

Ayanda Mdluli Steinhoff International Holding’s stock continued its downward trajectory to record lows on Friday morning, prompting the Public Investment Corporation (PIC) and the National...

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