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  • Mboweni on State Capture

    The new finance minister has described state capture as a 'great public sector heist'

  • Kganyago on Populism

    The central bank head says SA must learn economic lessons from Venezuela and Zimbabwe.

  • Up in the Air

    Uber Air could see SA shoppers flying to malls via skyports, says a company executive.

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Transnet CEO Siyabonga Gama. (Photo: File, Gallo I

Transnet's Gama slams dismissal as 'unlawful smokescreen'

Siyabonga Gama spoke to Fin24 on Monday evening, the day Transnet said would be his last as CEO. He confirmed that a letter had been sent to him, directing him to report to work, collect his belongings and return Transnet property.

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News

Protect existing jobs first, says Fedusa general secretary

Oct 22 2018 22:00

Protecting existing jobs remains the first responsibility for organised labour in SA, Dennis George, general secretary of Fedusa, tells Fin24.

Entrepreneurs

6 key lessons from the man who launched Beyoncé's career

Oct 22 2018 21:14

Dr Mathew Knowles – Music World Entertainment (MWE) founder, author, entrepreneur, professor, and dad to Beyoncé and Solange – launched his latest book in Cape Town. He shared some of his entrepreneurial insights with Fin24.

Economy

Eskom applies to Nersa for a tariff increase

Oct 22 2018 20:43

Eskom has asked the National Energy Regulator of South Africa for 15% tariff increase per year for three years, the power utility said in a statement on Friday.

Markets

Markets WRAP: Rand holds on to gains as budget day nears

Oct 22 2018 07:10

The rand held on to its gains by late Monday afternoon ahead of Finance Minister Tito Mboweni's mid-term budget address on Wednesday.

Markets

Chinese equity rally lifts the JSE

Oct 22 2018 22:21

The JSE started the week on the front foot as it closed firmer mainly on the back of positive sentiment emanating from Asian markets.

 

Analysis & Opinion

Opinion

OPINION: Impact investing is booming – and SA should step up

Impact investors manage some $224bn globally – which doubled in a year...
Opinion

INSIDE LABOUR: The 'Buy SA' job creation myth

The more things change, the more they stay the same. This was clear at...
Opinion

Ferial Haffajee: My great data heist - the tale of the disappearing data

Disappearing data is a corporate heist we need to pay attention to, writes...
Opinion

BOOK REVIEW: Why age is just a number - and selling by demographics is pointless

Trillions of dollars depend on selling to stereotypes that no longer apply....
Opinion

Informal trade may hold the key to food security

Research shows that urban food insecurity is a serious problem in SA,...

In other news

US stocks edge up at start of heavy earnings week

Oct 22 2018 16:05

Wall Street stocks have edged higher, as the market sought to shake off last week's volatility at the start of a heavy week of corporate earnings results.

Shanghai surge leads Asian markets rally

Oct 22 2018 14:06

Most Asian markets have risen, with Shanghai surging more than 4% to build on a rally at the end of last week but traders are still cautious over geopolitical tensions.

European stocks climb as Italy responds to EU

Oct 22 2018 13:54

European stock markets have climbed, helped by solid gains on the Milan index as investors looked beyond a credit downgrade for Italy, which has told Brussels it will stick to a controversial budget.

Italy set to tell EU it won't back down on 2.4% deficit target

Oct 22 2018 11:11

Italy’s populist coalition will tell the European Commission it’s sticking to a 2019 budget plan with a 2.4% deficit target, though changes are possible depending on the bond yield spread and economic growth.

Ryanair says Brexit concerns preventing more share buybacks

Oct 22 2018 09:48

Ryanair is putting plans for future share buybacks on hold due to uncertainty surrounding the UK’s proposed exit from the European Union.

Oil's swoon spurs investors to take off their rally caps

Oct 22 2018 07:05

Enthusiasm for oil is at its worst in a year as global financial woes and rising US stockpiles dim the demand outlook.

  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
TKG Telkom Sa Soc LimitedR52.80R1.733.39%
NPN Naspers LimitedR2810.00R87.003.20%
PPH Pepkor Holdings LimitedR16.50R0.493.06%
SNT Santam LimitedR295.00R8.542.98%
TRU Truworths International L...R81.27R2.222.81%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
SGL Sibanye Gold LimitedR10.49R-0.66-5.92%
IMP Impala Platinum Holdings ...R24.18R-1.48-5.77%
RCL Rcl Foods LimitedR15.75R-0.88-5.29%
HAR Harmony Gold Mining Compa...R28.75R-1.15-3.85%
OCE Oceana Group LimitedR82.48R-2.72-3.19%
All JSE data is delayed by at least 15 minutes and provided by Morningstar

Inside Fin24.com

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South Africa

Gama 'hears from media' he was fired as Transnet CEO

Oct 21 2018 18:09

Siyabonga Gama's contract as Transnet CEO has been terminated the state-owned enterprises' chair Dr Popo Molefe tells Fin24.

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World

Saudi summit loses its swagger as elites question kingdom

Oct 22 2018 13:24

It’s an investment summit in the shadow of a killing: stripped of the glitz and glamour of business titans who last year flew in to woo a young prince and be a part of his grand plans to transform his country’s economy.

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Money Clinic

The fundamental difference between money market and income unit trusts

Aug 17 2018 21:04

A Fin24 user wants to know what the fundamental difference is between a money market unit trust and an income unit trust.

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Entrepreneurs

Race still shutting out entrepreneurs, says TV 'dragon'

Oct 18 2018 19:00

When trying to understand entrepreneurship in SA, one has to remember the country has "two stories", explains CEO of Watermark Pan-African Capital Vusi Thembekwayo.

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Markets

Asian markets mixed, but Shanghai surges as strong rally continues

Oct 22 2018 06:54

Asian markets were mixed on Monday, with Shanghai surging almost 4% to build on a rally at the end of last week, but traders are still cautious over geopolitical tensions.

More in this section
Companies

Netflix selling $2bn of junk bonds to fund new shows

Oct 22 2018 16:28

Netflix is once again turning to the junk-bond market to fund new programming as the streaming-video giant seeks to maintain its torrid subscriber growth.

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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.

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Tech

Netflix selling $2bn of junk bonds to fund new shows

Oct 22 2018 16:28

Netflix is once again turning to the junk-bond market to fund new programming as the streaming-video giant seeks to maintain its torrid subscriber growth.

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Finweek

US investors call for policy certainty

Oct 18 2018 09:28

US investors seem less concerned about land reform and more concerned about policy direction, and how South Africa plans to weather the expected imminent correction in the global economy.

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WATCH: Mboweni faces double challenge as SA's 5th finance chief in 3 years Tencent's $214bn tumble is breaking all kinds of records There's a problem with 'Wakanda visions' for African cities - academic Nuclear power still viable for SA's energy mix - industry Ramaphosa's Job Pact: What's hot and what's not?

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