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Currencies

Rand retreats as Nene cuts growth outlook

Oct 23 2014 09:51

The rand has weakened against the dollar, following Finance MInister Nhlanhla Nene's warning that the economy was struggling to reduce poverty and create jobs.

Investment Holdings

Hosken suspends chair for alleged misconduct

Oct 23 2014 09:44

Hosken Consolidated Investments says it does not expect the suspension of its executive chairperson over alleged misconduct to impact financial performance.

Tech

MTN subscribers rise as competition bites

Oct 23 2014 09:17

MTN Group has reported a slight increase in quarterly subscribers, squeezed by stiff competition as well as tougher regulations in its key Nigerian market.

Economy

ANC not in favour of Numsa expulsion

Oct 23 2014 08:59

The ANC is not in favour of the National Union of Metalworkers of SA being expelled from Cosatu, deputy ANC president Cyril Ramaphosa says.

Industrial

R253m in bonuses for Transnet pensioners

Oct 23 2014 07:57

Transnet pensioners will receive a total of R253m in ad hoc bonuses from the funds including a voluntary bonus, taking the total to R2.3bn since 2010.

Bonds

Bonds hit 7-week low on inflation, budget

Oct 23 2014 08:34

Yields on South African government bonds have dropped to seven-week lows, pushed down by inflation data and a mini budget that went down well with investors.

Budget

Watch out for tax increases, experts warn

Oct 23 2014 07:00

The economy needs to accelerate significantly to meet even the revised GDP forecasts, experts warn.

Budget

Strict measures to heal public finances

Oct 23 2014 05:00

Finance Minister Nhlanhla Nene took a strong stance on the urgent need to put in place measures that will restore ailing public finances, says an economist.

 

In other news

Buffett copycats risk a pounding

20 minutes ago

Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks have hit the sprawling conglomerate's equity portfolio hard.

UK's Lloyds to cut 9 000 jobs over next 3 years

26 minutes ago

Lloyds Banking Group will next week announce plans to cut 9 000 jobs over the next three years, according to sources.

Tesco scraps outlook on accounting black hole

56 minutes ago

Britain's biggest grocer Tesco has reported a larger than expected hole in its accounts, forcing it to scrap its full-year trading profit outlook.

Outcry over double charges on Apple Pay

Oct 23 2014 07:42

A glitch in Apple's new mobile payment system, Apple Pay, has caused some Bank of America customers to get charged twice for a single transaction.

Platinum producers lead JSE lower

Oct 22 2014 19:12

South African stocks have retreated, led by platinum producers that were hit by data showing a sharp fall in Chinese imports of the precious metal.

US stocks drop as winning streak ends

Oct 23 2014 07:38

US stocks have slipped following mixed earnings as the market retreated after three straight sessions of big gains.

Asia shares slip on profit-taking

Oct 23 2014 07:33

Asian markets have fallen on profit-taking after the previous day's hefty gains, but losses were limited after a slight pick-up in Chinese manufacturing activity.

Oil prices down in Asia

Oct 23 2014 07:24

Oil prices have tanked further in Asian trade as a crude supply glut overshadowed news that China's key manufacturing sector picked up slightly, analysts said.

Analysis & Opinion

Budget

Mini budget worth a cheer

Nhlanhla Nene has made the most of a difficult fiscal situation, says...

Economy

Zuma king of free spenders

We the people will have to foot the bill for Zumanomics, says Leopold...

Opinion and Analysis

Money isn't everything

Ian Mann explains why Warren Buffett's son chose happiness over great...

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Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
KIO Kumba Iron Ore LimitedR297.00R7.032.42%
ASR Assore LimitedR227.33R2.331.04%
NEP New Europe Property Inves...R104.98R0.990.95%
SNT Santam LimitedR196.18R1.180.61%
ITU Intu Properties PlcR57.73R0.260.45%
graph
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
HCI Hosken Consolidated Inves...R148.50R-4.40-2.88%
GFI Gold Fields LimitedR39.11R-1.04-2.59%
MPC Mr Price Group LimitedR204.60R-4.15-1.99%
ANG Anglogold Ashanti LimitedR107.22R-2.13-1.95%
BIL Bhp Billiton PlcR288.00R-5.30-1.81%
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Most Visited EquitiesNumber of views
STX40 69
rmbt40 45
RMBMID 26
SBAOIL 10
STXIND 8
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