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Economy

Black dollar scam explained in Cape court

Feb 26 2015 21:08

Victims of the black dollar scam believed that they had the magic to turn black pieces of paper into US dollars, a court in Cape Town has heard.

Budget

Eskom: Nene mum on sale of assets

Feb 26 2015 19:59

Finance Minister Nhlanhla Nene has again refused to identify the non-core state assets which would be sold off to raise money for Eskom.

Budget

Public protector gets R60m lifeline

Feb 26 2015 18:54

Public Protector Thuli Madonsela says she is grateful for her R60m budgetary allocation which will stave off bankruptcy, but this is only a drop in the ocean.

Budget

Fuel price could go up by close to R1 per litre

Feb 26 2015 17:17

The good days of a very low petrol price and the boost to the economy are over, although the lower oil price will still help SA's current account, says an economist.

Currencies

Rand reverses gains, tracks weaker euro

Feb 26 2015 18:18

The rand has weakened against the dollar in line with the euro, relinquishing earlier gains which had been triggered by the government's plan to narrow the budget deficit.

Mining

Implats says no job cuts in Rustenburg revamp

Feb 26 2015 16:26

Impala Platinum will revamp its Rustenburg mines to boost productivity, but staffing levels will stay the same at the centre of often violent labour unrest, its chief executive says.

Tech

SA mobile data growth to surge 63% per year

Feb 26 2015 15:28

Mobile data is set for an 11 fold growth in South Africa as machine-to-machine (M2M) communication and smart devices become more mainstream in the country.

Economy

SA gives Brics port of entry visas

Feb 26 2015 15:08

Business and diplomatic travellers from SA's Brics partners are to receive a port of entry visa into South Africa, says Home Affairs Minister Malusi Gigaba.

 

In other news

Judge orders WhatsApp blocked

4 minutes ago

A judge says he has ordered the suspension of the globally popular instant messaging system WhatsApp across Brazil.

Asian markets largely flat in morning trade

3 minutes ago

Asian markets have been largely flat in morning trade after the dollar firmed on US inflation data, while Japanese figures challenged Tokyo's war on falling prices.

Nasdaq nears 5 000 as oil weakness weighs

8 minutes ago

The Nasdaq has powered closer to 5 000 points while weakness in oil-linked equities kept the Dow and S&P 500 in the red.

Oil prices rebound in Asian trade

15 minutes ago

Oil has bounced back in Asia on bargain-hunting after tumbling in the previous session over a further surge in US crude reserves, adding to the global supply glut.

European stocks higher, FTSE, DAX hit record closes

Feb 26 2015 19:56

Europe's main stock markets finished up on Thursday with London's benchmark FTSE 100 index and Frankfurt's DAX 30 index hitting record high closing levels.

German unemployment dips more than forecast

Feb 26 2015 20:00

German unemployment fell for the fifth consecutive month in February, dropping twice as much as forecast with the pickup in economy, driving a gain in hiring.

Sibanye Gold not keen on Implats Marula mine

Feb 26 2015 19:19

Sibanye Gold, which says it wants to expand into platinum, says it is not interested in Impala Platinum’s Marula mine.

UK business investments slips as oil prices dip

Feb 26 2015 18:30

British business investment has fell at its sharpest rate in nearly 6 years late last year, after tumbling global oil prices hit the North Sea petroleum industry.

Analysis & Opinion

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State firm let-downs

Parastatals' lacklustre performance is a reputational threat to firms,...

Opinion and Analysis

Generational rethink

Technology is blurring age-related generational divides in business, says...

Opinion

The budget and politics

Treasury is beholden to an ANC looking over its divided left flank, says...

  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
GFI Gold Fields LimitedR53.87R2.494.85%
LBH Liberty Holdings LimitedR140.81R4.143.03%
IPL Imperial Holdings LimitedR200.50R5.162.64%
HAR Harmony Gold Mining Compa...R27.80R0.632.32%
AFE A E C I LimitedR132.00R2.972.30%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
ASR Assore LimitedR155.27R-6.21-3.85%
RCL Rcl Foods LimitedR17.66R-0.58-3.18%
TFG The Foschini Group Limite...R162.43R-5.06-3.02%
SHP Shoprite Holdings LimitedR163.70R-4.97-2.95%
SPP The Spar Group LimitedR175.58R-4.87-2.70%
All JSE data is delayed by at least 15 minutes and provided by McGregor BFA

Inside Fin24.com

 
World

India aims for $137bn railway investment

Feb 26 2015 17:30

India's government unveiled plans on to invest $137bn in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure.

Markets

European stocks mostly higher

Feb 26 2015 17:39

European stock markets have mostly risen, with the UK banking sector in focus after RBS posted fresh huge losses and Standard Chartered unveiled a boardroom shake-up.

 

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