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Economy

Gordhan speaks out on patronage, corruption

Aug 24 2016 22:23

Hours after Finance Minister Pravin Gordhan revealed the charges the Hawks were seeking to charge him on, he said politics, power and rent seeking go together.

Economy

A chaotic Gordhan exit will make junk status a no-brainer

Aug 24 2016 23:33

A chaotic exit for Finance Minister Pravin Gordhan, similar to that of Nhlanhla Nene, will send a message to the markets that more such shocks are likely in store for the future.

Economy

Malema: No reason to panic, Gordhan not guilty

Aug 24 2016 20:46

There is no reason to panic over the Hawks taking on Finance Minister Pravin Gordhan because he has done nothing wrong, says EFF leader Julius Malema.

Economy

Treasury to close net on tax loopholes

Aug 24 2016 19:56

A number of tax loopholes are about to close if National Treasury gets its way with proposed changes to income tax legislation.

Investment Holdings

Brimstone continues to rationalise portfolio

Aug 24 2016 20:57

Brimstone Investment Corporation has reported a profit for the six months to June of R48.3m compared to a loss of R480.1m in the previous comparative period.

Health

Megamerger: Bonitas takeover of Liberty Health gets nod

Aug 24 2016 20:05

The Competition Tribunal has approved, what is believed to be one of the largest mergers in history, between Bonitas Medical Fund and the ailing Liberty Medical Scheme.

Economy

Gordhan battle: SA staring down edge of economic abyss

Aug 24 2016 19:11

Attacks on Finance Minister Pravin Gordhan by the Hawks threaten to devastate the economy, warns Business Leadership South Africa.

Economy

Zim abolishes 8 000 jobs in agriculture ministry

Aug 24 2016 19:38

Zimbabwe plans to abolish about half the jobs in the agriculture department, as the government struggles to pay public service wages.

 

In other news

Fruit and Veg gets approval for Glen Aire takeover

Aug 24 2016 16:45

A bid by Fruit and Veg to take ownership of Glen Aire Butchery Businesses has received the nod from the Competition Tribunal.

New law caps commercial bank lending rates in Kenya

Aug 24 2016 16:30

Kenya's President Uhuru Kenyatta has signed into law a bill capping commercial bank lending rates.

Glencore widens debt plan to weather rout

Aug 24 2016 16:15

Glencore has sharpened its plan to cut debt after reporting its worst half-yearly profit since listing in London five years ago.

US stocks flat as oil shares pressured

Aug 24 2016 15:57

Petroleum-linked shares have retreated ahead of a US oil inventory report as Wall Street stocks opened little-changed in sluggish trade.

Atlas plans jobs cuts as expenses erode income

Aug 24 2016 15:45

Atlas Mara, owned by ex-Barclays boss Bob Diamond, will cut jobs and costs after first-half expenses outpaced revenue growth and profit declined 71%.

Bid Corp sees growth across business

Aug 24 2016 15:33

Bid Corp is projecting growth across its businesses as the company seeks acquisitions to expand market share and increase its geographic reach.

Oil prices drop as market tracks US supplies

Aug 24 2016 14:17

Oil prices have fallen, with Brent stuck below $50, after data showed an increase in US crude stockpiles, adding to supply glut concerns.

Pound rises to 3-wk high on post-Brexit economy

Aug 24 2016 14:04

The pound has risen to a three-week high as data continued to suggest the UK economy is proving resilient to the Brexit vote.

Analysis & Opinion

Opinion

South Africa, a Nation Brand awakens

As South Africans awaken to a new era we should have tolerance only for...

Opinion

Embarrassed by confused terminology

Edward Ingram clarifies some points on banking terminology from his previous...

Opinion

BOOK REVIEW: How to sidestep leadership traps

Overconfidence can result in unquestioned assumptions and blind spots...

  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
SAP Sappi LimitedR72.49R5.748.60%
SAB Sabmiller PlcR820.00R42.595.48%
BID Bid Corporation LimitedR265.00R12.194.82%
ANG Anglogold Ashanti LimitedR258.41R10.664.30%
BTI British American Tobacco ...R900.77R35.674.12%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
RDF Redefine Properties Limit...R11.13R-0.66-5.60%
SBK Standard Bank Group Limit...R140.60R-8.29-5.57%
FSR Firstrand LimitedR46.75R-2.71-5.48%
SPP The Spar Group LimitedR196.50R-11.25-5.42%
BGA Barclays Africa Group Lim...R155.00R-8.40-5.14%
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Inside Fin24.com

 
Finweek

Where next for the rand?

Aug 24 2016 11:39

While the rand has been recovering after Nenegate, news that finance minister Pravin Gordhan could be arrested by the Hawks sent the currency into a sharp decline again.

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