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Rupert positive despite Richemont challenges

May 22 2015 11:39

Luxury goods group Richemont' s results show resilience despite some challenges and a volatile consumer environment, says its chair Johann Rupert.

In the news

WATCH: In the chamber, politics has to play - Minister Zulu

May 22 2015 10:27

Political parties are working together constructively in the portfolio committee to find solutions for entrepreneurs, says Small Business Development Minister Lindiwe Zulu.


Rand gains after Sarb rates announcement

May 22 2015 09:56

The rand has strengthened against the dollar, supported by a hawkish policy by the SA Reserve Bank, which has signalled a rate hike in the coming months.

Financial Services

Banks said to go to legal big five in forex probe

May 22 2015 09:52

Banks under investigation over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe.


NUM wants 84% pay hike for gold workers

May 22 2015 09:28

The National Union of Mineworkers will push for an 84% rise in basic pay for entry-level gold mining workers, a near 10 percentage point increase on previous demands.


Black industrialisation vital for transformation, says dti

May 22 2015 07:33

Certain agreements - like with SAA - might seem out of the norm, but the dti maintains it has to do things a bit differently to achieve radical transformation.


Tea industry urged to share benefits with Khoi, San

May 22 2015 06:45

The Department of Environmental Affairs has urged the rooibos and honeybush tea industries to negotiate benefit sharing deals with the Khoi and San communities.


In other news

European shares edge lower, Richemont slips

May 22 2015 09:49

The pan-European FTSEurofirst 300 index has edged lower in early trading, with Cartier owner Richmond leading the index lower after reporting lower profits.

Asia stocks mostly up, early US rate hike unlikely

May 22 2015 07:45

Asian markets have mostly risen following another record close on Wall Street as the likelihood of a US interest rate hike in the near term dwindled.

S&P 500 at record on Best Buy earnings, CVS deal

May 22 2015 07:43

The S&P 500 has finished at a new record following strong earnings from Best Buy and news that CVS Health would buy senior pharmacy services firm Omnicare for $12.7bn.

Oil prices slip in Asian trade

May 22 2015 07:39

Oil prices fell in Asia, unwinding sharp gains in the previous session that was fuelled by hopes that a global supply glut could end soon.

Corn output to be cut over drought

May 22 2015 07:45

The estimate of corn production in 2015 would probably to be cut by 0.6%, after a drought earlier this year damaged crops, according to a survey.

Banker accountability rules not a witch hunt - BoE

May 22 2015 07:44

New rules to make senior managers and board members of banks and insurers directly accountable for their actions are about increasing clarity, not witch hunts.

China strongly concerned about US espionage case

May 21 2015 20:03

China is "strongly concerned" about a case in which six Chinese nationals were charged by the United States with economic espionage.

Europe stocks close higher

May 21 2015 20:01

Europe's main stock markets have risen at the close, with London's benchmark FTSE 100 index up 0.09% at 7 013.47 points.

Analysis & Opinion


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  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
INP Investec PlcR119.57R2.732.34%
INL Investec LimitedR118.11R2.542.20%
PPC Ppc LimitedR21.47R0.311.47%
DSY Discovery LimitedR127.24R1.741.39%
LON Lonmin PlcR25.73R0.351.38%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
ATT Attacq LimitedR24.25R-0.52-2.10%
EOH Eoh Holdings LimitedR159.58R-3.41-2.09%
TON Tongaat Hulett LimitedR130.07R-2.66-2.00%
ARI African Rainbow Minerals ...R98.97R-1.96-1.94%
MDC Mediclinic International ...R109.21R-1.90-1.71%
All JSE data is delayed by at least 15 minutes and provided by McGregor BFA

Inside Fin24.com


Bank probe sees Nene concerned at systemic risk

May 21 2015 21:09

Government officials will meet the SA Reserve Bank to discuss a foreign-currency trading investigation, as the finance minister says he is concerned the probe may expose risks to the banking system.


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