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Transnet wants former executives, Gupta-linked company to pay back the money

Transnet has started court proceedings to recoup R189m from its former executives and a Gupta-linked financial services company Regiments Capital over for inflated payments in the acquisition process of locomotives by the state-owned firm.

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Markets

Markets WRAP: Rand closes at R14.37/$, averaging between R14.28 and R14.44

Nov 12 2018 07:57

The rand was trading at Friday's weaker levels on the back of a firmer dollar.

Markets

Seasonal liquidity crunch is bad news for rand

Nov 12 2018 19:50

An expected seasonal dollar-liquidity crunch means the outlook for the rand is anything but merry as the year draws to a close.

Economy

5 things you need to know about the Public Protector's investigation into Minister Pravin Gordhan

Nov 12 2018 15:56

Public Enterprises Minister Pravin Gordhan has been subpoenaed to appear before the Public Protector on Wednesday. Here's what we know so far about the investigation.

Economy

Mnangagwa resorts to temporary powers over crippling forex shortages in Zim

Nov 12 2018 17:54

Zimbabwean president Emmerson Mnangagwa has resorted to temporary powers to curb illegal currency trade as the southern African country experiences crippling foreign currency challenges.

Travel & Leisure

How SA should handle its branding - SA Tourism CEO

Nov 12 2018 19:39

SA must make its brand stand out among competitors, says Sisa Ntshona, CEO of SA Tourism.

 

Analysis & Opinion

Opinion

SA’s commissions of inquiry: what good can they do?

Unrealistic expectations about what commissions can achieve comes from...
Opinion

Bitcoin’s high energy consumption is a concern – but it may be a price worth paying

Bitcoin may have a large carbon footprint, but cleaner digital currencies...
Opinion

How we arrived at a $1bn annual price tag to save Africa’s lions

A billion dollars a year would secure Africa's lions, its landscapes and...
Opinion

Investment smarts: Making tough market conditions work for you

It's a tough time for SA investors. Here's how to survive and thrive,...
Opinion

BOOK REVIEW: How to learn self-discipline

Create the life you want or settle for the one you have, says Ian Mann....

In other news

European stock markets jump at open

Nov 12 2018 10:29

European stocks opened higher, with London up 1.0% as rallying oil prices lifted shares across the commodities sector and as a sliding pound boosted exporters.

Oil pares bear market collapse on prospect of OPEC curbs in 2019

Nov 12 2018 09:06

Oil has climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.

Emerging Markets give up gains after midterms, Fed rates decision

Nov 12 2018 08:48

Emerging-market stocks and currencies retreated after the Federal Reserve indicated it will keep raising rates, sending the US dollar higher and damping a post-midterm rally.

SA entrepreneurs get exposure at in China

Nov 09 2018 15:46

The SA companies and agencies exhibiting at the first China International Import Expo are satisfied with the responses from potential Chinese clients.

UK economy's best quarter in two years hides loss of momentum

Nov 09 2018 11:43

Britain has posted its fastest economic expansion in almost two years in the third quarter, but a sudden loss of momentum from August pointed to slower growth in the run-up to Brexit.

European stock markets drop at open

Nov 09 2018 11:21

European stocks have dropped at the open as a midweek rally faded further, with investors focusing on the US interest rate outlook and falling oil prices heading into the weekend.

  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
IMP Impala Platinum Holdings ...R29.69R2.248.16%
GTC Globe Trade Centre S.a.R31.00R1.003.33%
BIL Bhp Billiton PlcR299.89R7.312.50%
ARI African Rainbow Minerals ...R129.00R2.441.93%
S32 South32 LimitedR36.43R0.671.87%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
VVO Vivo Energy PlcR17.65R-3.37-16.03%
BTI British American Tobacco ...R555.74R-70.83-11.30%
VOD Vodacom Group LimitedR120.30R-10.02-7.69%
RNI Reinet Investments S.c.aR230.90R-17.13-6.91%
MTN Mtn Group LimitedR79.89R-5.11-6.01%
All JSE data is delayed by at least 15 minutes and provided by Morningstar

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South Africa

Annual gold production falls by a fifth in September

Nov 08 2018 12:02

South Africa's mining production for September decreased 1.8% year-on-year, according to Statistics South Africa, with gold production again shrinking.

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World

Countdown to Brexit: 137 days until Britain leaves the EU

Nov 12 2018 17:51

Britain is set to leave the European Union on March 29. Here we take a look at the latest figures behind Brexit.

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Money Clinic

Donations tax: Should I include it on my tax returns?

Nov 10 2018 18:15

Donations tax is tax payable at a flat rate on the value of property disposed of by donation. Find out whether it should be included in your tax returns.

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Entrepreneurs

Life of Pep Stores founder Renier van Rooyen was a classic rags-to-riches story

Nov 10 2018 15:50

Renier van Rooyen, founder of Pep Stores and life-long friend of fellow retail giants Christo Wiese and Whitey Basson, has passed away at the age of 87.

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Markets

Indian equities drop after weekly gains as oil-supply cut weighs

Nov 12 2018 12:36

Indian equities dropped, reversing earlier gains, as a plan by major oil producers to cut supply to boost the fuel’s price weighed on sentiment.

More in this section
Companies

Guptas ‘tried to use front’ to extract Sahara assets

Nov 12 2018 06:28

Nearly R20m in Gupta-linked cash appears to be in limbo and may be forfeited to the state following a failed attempt to 'purchase' two aircraft owned by Sahara Computers.

More in this section
Investments

Buy a solar panel, make money

Oct 07 2018 15:52

Individuals can essentially become independent power producers by buying a solar panel, which feeds into the national grid.

More in this section
Tech

Google curbs forced arbitration after protest on harassment

Nov 11 2018 07:15

Google has changed some policies on sexual misconduct after thousands of employees walked out of their offices to protest big payouts for executives accused of harassment and other misbehaviour.

More in this section
Finweek

How well have the different factor investors done in 2018?

Nov 08 2018 12:45

Through careful analysis, PSG Wealth’s Schalk Louw explains why you should try to combine investment styles in order to achieve above-average performance.

More in this section
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