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Glencore cuts zinc output to defend metals plunge

Oct 09 2015 10:32

Glencore has plans to cut zinc production by about a third, as the mining and trading giant continues to navigate the rout in commodity prices.


Rand firms as US rate hike looks unlikely

Oct 09 2015 10:35

The rand has hovered near a three-week high, buoyed by signals that the Federal Reserve could delay a rate hike as government bonds climb.


Frank talk from new BMF president

Oct 09 2015 10:10

The Black Management Forum must tackle individuals who use it for personal gain and boost dwindling membership numbers, says its new leader Mncane Mthunzi.

Business and economy

Is coal rising from the ashes?

Oct 09 2015 09:33

It would seem things are looking up for the local coal industry despite international prices, writes Finweek contributor David Mckay.


Talks to end coal strike resume

Oct 09 2015 09:14

The Chamber of Mines and the National Union of Mineworkers have resumed talks to end the strike in the coal sector, with a possible revised offer likely.


Seacom CEO: SA has enough international connectivity

Oct 09 2015 09:08

South Africa is not facing challenges when it comes to international connectivity landing on its shores, according to Seacom chief executive Byron Clatterbuck.

Financial Services

Belvedere: How alleged Ponzi scheme collapsed

Oct 09 2015 07:56

Since Offshore Alert exposed the Belvedere Group as an alleged Ponzi scheme in March 2015, it has collapsed in many different jurisdictions, says David Marchant.


Risk of load shedding high, warns Eskom

Oct 09 2015 07:46

Eskom has warned that the risk of load shedding is high from as early as 06:00 until 22:00 after some of its units tripped.


In other news

China stocks rise on cautious Fed rate view

47 minutes ago

China stocks have risen in line with stronger global markets amid growing expectations that the US Federal Reserve will wait longer before raising interest rates.

SABMiller cuts output, fires workers in South Sudan

56 minutes ago

SABMiller has cut production and fired workers at its South Sudan unit as lack of foreign currency and the cost of beer holds back investment and stifles demand.

European stocks markets advance at open

Oct 09 2015 09:30

Europe's major stock markets have opened higher after gains across Asia and on Wall Street thanks to growing hints that US interest rates will not rise.

Asian stocks extend $2.5trn global rebound

Oct 09 2015 09:02

Asian stocks have risen, extending a global equity rally, and Indonesia’s rupiah was headed for its best week since 2001 as investors piled back into riskier assets.

Dollar dips after Fed minutes show inflation fears

Oct 09 2015 07:57

The dollar has fallen modestly against other major currencies after the Federal Reserve released minutes of its last policy meeting showing fears over a strong dollar.

US stocks rise on dovish Fed minutes

Oct 09 2015 07:53

US stocks have risen after Federal Reserve meeting minutes lifted confidence the US central bank would not move quickly to hike interest rates.

Oil prices extend gains in Asia

Oct 09 2015 07:50

Oil prices have extended their recent rally in Asia on hopes that increasing demand and a decline in US crude production would ease a supply glut.

Individuals engineered emissions cheating: CEO

Oct 08 2015 21:00

The American chief executive says Volkswagen's cheating on emissions in diesel cars was not a corporate decision, but something that "individuals did."

Analysis & Opinion


Africa is not France, Mr Piketty

Socialist solutions which did not even work in Europe are of little use...


Can renewable energy help the state save face?

Will SA's new energy plan spur government to rethink its nuclear new build...


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  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
GLN Glencore PlcR26.00R1.978.20%
S32 South32 LimitedR15.32R0.674.57%
ARI African Rainbow Minerals ...R68.33R2.874.38%
AGL Anglo American PlcR143.68R5.964.33%
AMS Anglo American Plat LtdR277.51R11.254.23%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
FFB Fortress Income Fund Limi...R32.06R-0.48-1.48%
NPN Naspers LimitedR1900.00R-27.00-1.40%
VKE Vukile Property Fund Limi...R18.64R-0.21-1.11%
KAP Kap Industrial Holdings L...R6.65R-0.07-1.04%
TFG The Foschini Group Limite...R146.33R-1.22-0.83%
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With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

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