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Economy

Sarb won't be drawn into Gordhan drama

Aug 29 2016 19:27

The SA Reserve Bank will not respond to short term volatility triggered by news of possible charges against Finance Minister Pravin Gordhan.

Industrial

SAA on why it went to market for R16bn

Aug 29 2016 18:03

SAA says it is testing the market's appetite with its request for R16bn in funding after it terminated BnP Capital's mandate to source funds and to consolidate debt.

Currencies

Rand weakens on US rate hike expectations

Aug 29 2016 18:44

The rand has weakened against the dollar on expectations that US interest rates would rise soon and concerns over the finance minister's future.

Eskom

Eskom hits back at Treasury over coal deals

Aug 29 2016 17:01

Eskom is "shocked and perplexed" after National Treasury said Eskom had failed to honour its undertaking to submit comments for its review of Eskom's coal contracts.

Eskom

Gloves off as Treasury takes swipe at Eskom

Aug 29 2016 14:07

Eskom has resisted efforts by Treasury to co-operate with the process of reviewing the power utility’s coal contracts, the ministry has revealed.

Mining

Shares in Guptas' Oakbay Resources recover after 10% dive

Aug 29 2016 14:19

Shares in Oakbay Resources have tumbled 10% after the Gupta family, which controls the firm's holding company, announced they will sell their SA businesses.

Tech

Twitter could help ease Joburg traffic congestion soon

Aug 29 2016 15:14

A research team is hoping to alleviate traffic congestion in Johannesburg by harnessing the power of social media.

Industrial

SAA's R16bn loan appeal more proof for business rescue - DA

Aug 29 2016 13:58

SAA's advert for a tender of R16bn indicates the desperate financial position the airline is in and it should therefore be placed under business rescue, says the DA.

 

In other news

Egyptian parliament approves VAT at 13%

Aug 29 2016 17:01

Egypt's parliament has approved a long-awaited law introducing a Value Added Tax of 13% which will rise to 14% in the next fiscal year.

Oil resumes drop near $47

Aug 29 2016 14:44

Oil has declined amid doubts that producers will agree on a deal to stabilise the market when suppliers meet next month for informal talks.

Brazil seen cutting rates less aggressively

Aug 29 2016 14:40

Brazil economists have forecast the central bank will be less aggressive when cutting interest rates in 2017 as they boosted their expectations for economic growth.

Most Asia markets slump, Tokyo soars on US rate talk

Aug 29 2016 08:32

Japanese stocks have rallied on a weaker yen but other Asian markets retreated after Federal Reserve chief Janet Yellen hinted at a US interest rate hike by the end of the year.

Oil prices sink on strong dollar

Aug 29 2016 08:27

Oil prices have tumbled on a strong dollar and after key OPEC producers downplayed the prospects of limiting output at a meeting next month.

Adcock appoints new executive director

Aug 28 2016 15:30

Basadifeela Letsoalo has been appointed as executive director for human capital and transformation, says Adcock Ingram.

Egypt minister quits amid wheat scandal

Aug 28 2016 15:03

Egypt's minister of supplies Khaled Hanafy has resigned after reportedly being found politically responsible for wheat deals that cost the country tens of millions of dollars.

Amazon dabbling with 30-hour work weeks: report

Aug 28 2016 13:30

Amazon, which has been accused of fostering a cutthroat workplace atmosphere, will try out teams that log 30-hour work weeks, reports the Washington Post.

Analysis & Opinion

Opinion

Something dodgy about nuclear sites

Is it sneaky or simply slack that the public has not been given the required...

Inside Labour

Inside Labour: 'Fashionable ideologies' no cure for joblessness

Propaganda that entrepreneurship and self created work will solve the...

Opinion

Gordhan saga a proxy for tough choices - Silke

However the dice falls, the tough road ahead will be felt in differing...

  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
ASR Assore LimitedR167.00R7.364.61%
SAP Sappi LimitedR72.00R2.934.24%
ITE Italtile LimitedR14.50R0.503.57%
RPL Redefine International Pl...R8.40R0.222.69%
BID Bid Corporation LimitedR270.50R5.412.04%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
GFI Gold Fields LimitedR81.45R-3.05-3.61%
SGL Sibanye Gold LimitedR60.50R-1.50-2.42%
TFG The Foschini Group Limite...R142.56R-3.44-2.36%
RES Resilient Reit LimitedR124.00R-2.99-2.35%
EXX Exxaro Resources LimitedR78.52R-1.88-2.34%
All JSE data is delayed by at least 15 minutes and provided by INET BFA

Inside Fin24.com

 
Finweek

How Ashton Kutcher turned $30m into $250m in 6 years

Aug 29 2016 11:53

Seven years ago actor Ashton Kutcher became the first person to have 1m followers on Twitter. But follower numbers are no longer a priority for him. For the past few years, he has been chasing tech start-ups that will earn him millions. And his track record proves that he’s got a knack for it.

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