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Credit growth slowest since 2010 - Absa

Jan 31 2015 07:00

Growth in the total value of outstanding credit balances in the household sector has slowed to 3.4% year-on-year at the end of December last year, the lowest level since early 2010.


Bidvest writes down Adcock stake by R1bn

Jan 30 2015 20:00

Bidvest significantly overpaid for its shareholding in South Africa’s second-biggest drug maker Adcock Ingram, admits its CEO Brian Joffe.

South Africa

R95bn SA trade deficit in 2014

Jan 30 2015 18:45

South Africa's cumulative trade deficit was R95.3bn in 2014, the SA Revenue Service says.


'Lowest ever' mine deaths in 2014

Jan 30 2015 17:37

Eighty-four miners were killed in South Africa last year, the lowest ever in the country's mining history, Mineral Resources Minister Ngoako Ramatlhodi says.


SAA floats domestically, trips on long-haul

Jan 30 2015 16:28

While the domestic and regional operations of the SAA Group have performed positively, losses on its long-haul operations have grown to R1.6bn.


Weekend power constrained - Eskom

Jan 30 2015 16:16

Power supply will remain extremely constrained over the weekend, but no load shedding is expected, says Eskom.


Petrol will now cost less than R10 in coastal areas

Jan 30 2015 15:10

The retail prices of both grades of petrol will drop by 93c a litre next Wednesday, the department of energy announced.


Nene: No budget impact from funding parastatals

Jan 30 2015 15:00

Funding for South Africa's state firms will be raised in a way that has no effect on the national budget deficit, says Finance Minister Nhlanhla Nene.


In other news

Namibia: Increased mining, lower inflation

Jan 30 2015 20:30

Namibia will see a 5.7% economic growth this year, low inflation and higher mining output coupled with foreign investment, a local investment group says.

Opec oil output rises as members stand firm

Jan 30 2015 20:00

Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers.

Russian central bank cuts rates

Jan 30 2015 19:30

Russia's central bank has unexpectedly cut its main interest rate as fears of recession mount in the country following the fall in global oil prices.

Opec oil output rises in January - Survey

Jan 30 2015 19:00

Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers.

7yr delay on pesticide reduction goal - France

Jan 30 2015 18:30

France, the European Union's biggest agricultural producer, has delayed a target to halve pesticide use to 2025 from 2018 after plans to curb their deployment failed.

Gold firms up for biggest weekly fall

Jan 30 2015 17:30

Gold is on course for its biggest weekly fall in two months despite edging higher, a day after a 2% slide on expectations for a US interest rate rise.

India sells 10% stake in biggest coal producer

Jan 30 2015 18:00

The Indian government has sold a 10% stake in state-run Coal India in the biggest offering ever on the domestic equity market.

US stocks lower on weak US, eurozone data

Jan 30 2015 17:06

Wall Street stocks have opened mostly lower following disappointing US economic growth and eurozone inflation data.

Analysis & Opinion

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RLO Reunert LimitedR62.68R2.984.99%
ANG Anglogold Ashanti LimitedR136.79R6.184.73%
PPC Ppc LimitedR21.40R0.954.65%
KIO Kumba Iron Ore LimitedR224.70R9.354.34%
ITE Italtile LimitedR13.00R0.504.00%
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LosersPriceChange% Change
PWK Pick N Pay Holdings Limit...R24.05R-1.35-5.31%
TRU Truworths International L...R81.00R-3.30-3.91%
SAP Sappi LimitedR48.00R-1.90-3.81%
PIK Pick N Pay Stores LimitedR57.53R-1.87-3.15%
MTN Mtn Group LimitedR202.07R-6.40-3.07%
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Topping up your Retirement Annuity: Good or bad idea?

Jan 28 2015 14:36

Financial planner Dawn Ridler sets out your Retirement Annuity options. Read this before you shift a lump sum into an RA presented to you as an investment possibility.


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