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Markets

Markets LIVE: Stocks fall as trade war hits tech

May 20 2019 08:39

US equity futures dropped alongside stocks in Europe as the fallout of White House moves against Chinese telco giant Huawei rippled through the technology industry.

Tech

Tesla shares breach $200 as analyst says Musk faces a 'Code Red'

May 20 2019 16:31

Tesla shares plunged below $200 for the first time in more than two years on concerns the carmaker faces a “Kilimanjaro-like uphill climb” to hit profitability goals in the second half of the year.

Economy

McKinsey 'lost the plot' in business case for Transnet locomotives, inquiry hears

May 20 2019 14:16

Global consulting firm McKinsey & Co did not fully understand its mandate when it was brought in to strengthen the business case for Transnet to acquire 1064 locomotives, a former Transnet official has said.

Financial Services

PIC seeks independent valuation of Karan Beef investment

May 20 2019 14:26

The Public Investment Corporation is in the process of getting an independent valuation for its bid for a majority shareholding in Karan Beef, which operates the largest cattle feedlot and abattoir on the continent.

ANALYSIS

Daniel Silke: Voters, economic dependency and the ANC

May 20 2019 14:44

Along with Zimbabwe, Mozambique, Angola and probably Botswana later this year, Southern African nations still haven’t embedded real competitive politics with an electoral change of party at the ballot box, writes Daniel Silke.

 

Analysis & Opinion

ANALYSIS

OPINION: If Ramaphosa chooses SA over ANC, it may be good for both

Having helped carry the ANC across the finish line in elections earlier...

ANALYSIS

Daniel Silke: Voters, economic dependency and the ANC

Along with Zimbabwe, Mozambique, Angola and probably Botswana later this...

ANALYSIS

Terry Bell: How the 'gatvol' factor was in full play at the polls

If the results of the 2019 general election showed anything, it was the...

Opinion

Just how brightly will South Africa’s star shine under Ramaphosa?

The ANC’s vote tally may have dropped to below 60% in a general election...

Opinion

Re-energising an excluded and frustrated labour force as more job-seekers lose hope

On Tuesday, Stats SA released the unemployment figures for the first quarter...

In other news

UK Plc counts cost of Brexit as politicians ‘chase rainbows’

May 19 2019 12:14

As the cost of the Brexit turmoil mounts for British companies, business leaders are fed up with the UK’s political class.

US strikes tariffs deal with Canada, Mexico

May 19 2019 14:52

US President Donald Trump announced a deal on tariffs - well over a year after US tariffs on steel and aluminum from Canada and Mexico sparked a trade spat. Jane Lanhee Lee reports

Hong Kong shares reverse early losses to end flat

May 16 2019 10:42

Hong Kong stocks have recovered from an early sell-off to finish flat, though concerns over the China-US trade stand-off continue to keep investors on edge.

Victory awaits in China trade war, Trump tells farmers

May 15 2019 08:56

US farmers who are major exporters of pork and soy, are caught in the middle of President Donald Trump's trade wars.

Another brutal session for shares of Uber

May 15 2019 07:50

Uber shares have closed down over 10% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut.

US stocks open higher, rebounding from Monday rout

May 14 2019 16:42

Wall Street stocks have risen, winning back a fraction of the losses suffered in a broad sell-off in the prior session caused by fears over the escalating US-China trade war.

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