Business News

Analysts say there has been virtually no buying of stocks over the past few weeks from local or global investors, but the lower oil price may support a future rebound

US oil producers efficiency at weathering lower prices increases scepticism that oil cartel Opec’s production cuts will work

Since peaking in late February, crude has dropped around 20%

Oil edged up from multi-month lows, but prices remain under pressure from supply glut that has persisted despite Opec-led efforts to balance market

Gold rises as oil

The fallout from the Cabinet reshuffle is yet to be fully reflected in the local economy, but yield-seeking foreign investors keep the rand in check

The controversial new policy will not harm the sector, the president insists, but will bring about much-needed transformation

Peter Attard Montalto, emerging-markets economist at Nomura International, discusses what’s at stake as the public protector guns for the Reserve Bank

Responding to public hearings, Treasury also said certain fruit and milk beverages would be exempted, but this exemption could be reconsidered later

However, that it’s only dropped 0.8% for the year so far is good news for economic growth

AngloGold Ashanti would slide into junk status and Anglo American, Gold Fields, Sibanye and Petra Diamonds would fall further into noninvestment grade

Food inflation ticked up, but is well off last year's peaks, while fuel prices exerted upward pressure on the CPI

Market Update by Kabelo Khumalo

Mthunzi Mdwaba to serve as the Vice-President of the ILO

The Eskom Board has just announced the appointment of Mr Johnny Dladla as Acting Group Chief Executive with immediate effect.

Diversified metals and mining company, South32 on Thursday awarded a three-year core mining contract worth R158 million to a Broad Based Black Economic Empowerment company, Modi Mining, at its Wolvekrans Middleburg coal mine in Mpumalanga.

Investors exerted pressure at a critical stage for the company

Zimbabwe’s bond notes might have eased some of the country’s liquidity challenges, but the World Bank warned the country’s financial markets were too small

Mineral Resources Deputy Minister Godfrey Oliphant has urged illegal miners in the Sekhukhune area to apply for mining licenses.

Anyone who thinks that South Africa can sail into the future without investors from outside the shores of the country needs to re-think again.

Energy Minister Mmamoloko Kubayi says talk of government's nuclear procurement is premature.

Investors in the mining sector have called on government to do more to increase mine companies that are owned by black people.

South Africa's targeted consumer price inflation registered 5.4% in May, slightly up from 5.3 % in April.

Members of the influential Gupta family and President Jacob Zuma's son, Duduzane will be summoned to appear before Parliament's Inquiry into Eskom.

iquid Telecom believes there is a big opportunity to exploit the spectrum assets held by Neotel, the company it acquired earlier this year for R6.5bn from India’s Tata Communications and other shareholders. Kyle Whitehill, who was recently appointed as CEO of Liquid Telecom South Africa (formerly Neotel — it has formally changed its name), said […]

It would be nice to think that Uber’s problems are going to be fixed with the resignation of its CEO, Travis Kalanick. Of course, the shareholders who instigated the demand for his resignation were not necessarily expressing a The post Silicon Valley’s vision of the future is faltering appeared first on TechCentral.

As Travis Kalanick was in Chicago interviewing a candidate to be his deputy at Uber Technologies, two investors were on a plane to deliver the news that they wanted the CEO gone. Matt Cohler and Peter Fenton, partners at venture capital firm The post Behind the dramatic departure of Uber’s CEO appeared first on TechCentral.

Inflation rate rose for the first time this year in May after food-price growth quickened from the slowest pace since December 2015. Consumer price inflation accelerated to 5.4% from 5.3% in April, matching The post SA inflation rises for first time in 2017 appeared first on TechCentral.

South Africa’s top court ruled that the speaker of parliament can decide to allow a secret vote on a no-confidence motion in President Jacob Zuma but isn’t required to do so. The judgment leaves the issue in the hands of The post Zuma no-confidence vote can be secret appeared first on TechCentral.

Liquid Telecom, which recently concluded the R6.5bn acquisition of Johannesburg-headquartered Neotel, is raising US$700m (about R9bn) in long-term debt as it eyes further investment in network infrastructure in South Africa The post Liquid Telecom seeks billions more for SA, Africa expansion appeared first on TechCentral.

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