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JOHANNESBURG NEWS ON FASTMOVING

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Lewis Group flags profit drop as sales slow

Lewis Group flags profit drop as sales slow

17/05/2016 - 08:39
Johannesburg - The Lewis Group expects a drop in full-year profit of up to 29% after sales slowed in the second half of its trading period due to a weak economy, the company said on Monday (16 May). read more
Sunday Times maintains position as SA’s most read newspaper with 3.7M readers

Sunday Times maintains position as SA’s most read newspaper with 3.7M readers

25/04/2016 - 11:16
Johannesburg - In the latest and final AMPS survey conducted for the publishing industry, core titles in the Times Media stable have continued to grow their audiences despite the -3.6% overall drop in newspaper readership in South Africa. read more
Clicks sees earnings rise on resilient markets

Clicks sees earnings rise on resilient markets

22/04/2016 - 09:16
Johannesburg - Clicks [JSE:CLS] forecast higher earnings this year, citing expectations that demand for its products will remain resilient despite a weakening outlook for consumer spending. read more
SA wins quarantine approval for Indonesia

SA wins quarantine approval for Indonesia

15/04/2016 - 10:12
Johannesburg - South Africa won quarantine approval to sell more deciduous fruits and nuts to Indonesia, increasing the export potential for its produce to the world’s fourth most-populous nation, industry body Hortgro said. read more
‘SA’s blackouts curbed by slowdown, not Eskom’

‘SA’s blackouts curbed by slowdown, not Eskom’

15/03/2016 - 08:23
Johannesburg - After power cuts that crippled economic growth, South Africa has kept the lights on for more than six months and outages may not return in the next few years. read more
Clover warns of milk hikes

Clover warns of milk hikes

03/03/2016 - 09:39
Johannesburg - Clover Industries is warning it will have no choice but to soon hike the selling prices of its products as the rand continues to trade weakly. read more
Distell, Terlato partnership ‘will boost business’

Distell, Terlato partnership ‘will boost business’

18/02/2016 - 14:45
Johannesburg - The Distell Group, Africa’s biggest producer of wines, spirits, ciders, and ready-to-drink beverages, has said it will double the size of its business by 2020 through teaming up with Terlato Wine Group in the US, as well as growing organically in some other parts of Africa. read more
Woolies prepares for ‘onslaught’

Woolies prepares for ‘onslaught’

17/02/2016 - 10:18
Johannesburg - Woolworths is preparing itself for what CEO Ian Moir calls an “onslaught”, which he believes is coming in the next 3 to 5 years. read more
Drought weighs on Pioneer

Drought weighs on Pioneer

15/02/2016 - 10:24
Johannesburg - Pioneer Foods Group said a drought in South Africa is weighing on earnings as soaring grain prices hit volumes and margins at the country’s second-biggest food maker. read more
Rand weakens as investors flee risk

Rand weakens as investors flee risk

10/02/2016 - 11:20
Johannesburg - South Africa's rand weakened in early trade on Tuesday (9 Feb), caught in the global sell-off with investors rushing to safe-haven assets as fears of a global economic slowdown weighed. read more
Food inflation in shock rise to 8.7%

Food inflation in shock rise to 8.7%

04/02/2016 - 10:07
Johannesburg - Food prices in South Africa rose by an average of 8.7 percent between December 2014 and December 2015, and neighbouring Lesotho yesterday declared a national emergency as the drought continued to hit farming communities across the southern African region. read more
Drivers protest Coke merger

Drivers protest Coke merger

20/01/2016 - 08:55
Johannesburg - About 30 independent drivers for Coca-Cola are staging a protest outside the Competition Tribunal, where prehearings into a merger between the soft drink maker and SABMiller are taking place. read more
AB InBev cuts a path to overcome local hurdles

AB InBev cuts a path to overcome local hurdles

19/01/2016 - 10:22
Belgian brewer Anheuser-Busch InBev has a plan that will attend to the concerns of all the key South African stakeholders about its acquisition of SABMiller — a plan that AB InBev CEO Carlos Brito hopes will help it fast-track the regulatory approvals the deal needs in SA. read more
AB InBev lists on JSE with R1 938 opening tag

AB InBev lists on JSE with R1 938 opening tag

15/01/2016 - 12:10
Johannesburg - Belgian brewing giant Anheuser-Busch (AB) InBev [JSE:ANB] on Friday morning listed on the Johannesburg Stock Exchange's (JSE) main board, with an opening price of R1938 a share.  read more
Beer deal may face delays in SA

Beer deal may face delays in SA

21/10/2015 - 09:51
Johannesburg - Belgian brewer Anheuser-Busch InBev may have won over peer SABMiller, but the $100-billion-plus deal could face delays in South Africa where the now British company began selling its ubiquitous Castle Lager 120 years ago.  read more
Shoprite probed for reckless lending

Shoprite probed for reckless lending

15/10/2015 - 10:00
Johannesburg - Shoprite [JSE:SHP] is being investigated for reckless lending practices, the National Credit Regulator (NCR) said. read more
SA seen in 7-year slouch as IMF cuts growth view

SA seen in 7-year slouch as IMF cuts growth view

13/10/2015 - 09:12
Johannesburg - If economic growth in South Africa this year is bad news, 2016 is set to be even worse, according to the International Monetary Fund (IMF). read more
Verimark cuts operating loss

Verimark cuts operating loss

13/10/2015 - 08:55
Johannesburg - Verimark has managed to trim its operating loss in the six months to August as its cost-cutting plans start to pay off.  read more
New security ownership clause 'an enemy of the economy'

New security ownership clause 'an enemy of the economy'

07/10/2015 - 10:26
Johannesburg - The implementation of the Private Security Industry Regulations Amendment Act could lead to a 10% decline in South African exports to the US and European Union, economist Roelof Botha warned on Tuesday. read more
Nampak vows a better 2016

Nampak vows a better 2016

18/09/2015 - 10:08
Johannesburg - Packaging company Nampak, which is reshaping its business, expects to have a better 2016 as it focuses on cost efficiencies and growth areas.  read more
A summer without load shedding?

A summer without load shedding?

08/09/2015 - 07:44
Johannesburg - Eskom has just celebrated 30 days of no load shedding and, if there are no major breakdowns at any of the stations, this could continue through summer.  read more
Group demands measures to stem steel jobs 'devastation'

Group demands measures to stem steel jobs 'devastation'

25/08/2015 - 10:08
Johannesburg - A group consisting of representatives from labour, business and industry associations have demanded several measures from government to stem an imminent jobs "bloodbath" in the steel sector. read more
Amazon is hiring in South Africa with new offices in Joburg

Amazon is hiring in South Africa with new offices in Joburg

14/08/2015 - 08:38
Amazon is expanding its presence in South Africa and plans to hire over 250 highly skilled engineers, network specialists, account managers and other technologists. read more
Facebook opens Joburg office

Facebook opens Joburg office

30/06/2015 - 08:30
Social media giant Facebook has opened its first office in Africa, in Johannesburg, to support its customers on the continent. read more
'High likelihood' of rate hikes

'High likelihood' of rate hikes

28/05/2015 - 09:13
Johannesburg - There's a high likelihood that the SA Reserve Bank (Sarb) will increase interest rates at its next few meetings, one of its deputy governors said on Tuesday. read more
Spar profit rises on Irish retail unit takeover

Spar profit rises on Irish retail unit takeover

25/05/2015 - 09:20
Johannesburg - Spar said first half-profit jumped 22% after the food and liquor retailer acquired its Irish counterpart and sold more lower- priced own-brand products. read more
SA's Brait buys Britain’s New Look for R14.2bn

SA's Brait buys Britain’s New Look for R14.2bn

18/05/2015 - 09:37
Johannesburg - African investment heavyweight Brait SE [JSE:BAT] said it will pay $1.2bn for virtually all of budget clothes retailer NewLook, giving it a substantial presence in Britain's fiercely competitive fashion retail market. read more
Pepkor to double Nigeria stores to target middle class buyers

Pepkor to double Nigeria stores to target middle class buyers

30/04/2015 - 10:22
Johannesburg - Pepkor, the clothing retailer bought by Steinhoff International Holdings for R68.4bn ($5.7bn) in 2014, plans to double its presence in Nigeria with 10 store openings per year through 2018. read more
Illovo Sugar flags lower FY earnings

Illovo Sugar flags lower FY earnings

16/04/2015 - 08:33
Johannesburg - Illovo Sugar, Africa's biggest producer of the sweetener, said on Wednesday its full-year profits would fall due to depressed global prices and drought that has ravaged some of its crops in South Africa.  read more
Dates for CT and Africa fashion weeks announced

Dates for CT and Africa fashion weeks announced

10/04/2015 - 09:06
Cape Town - South Africa’s premier spring/winter fashion showcases, Mercedes-Benz Fashion Week Cape Town (MBFWCT) and Fashion Week Africa will once again see thousands of local and international media, prominent global fashion buyers, investors and fashionistas converging on Cape Town from July 30 to August 1 and in Johannesburg from November 4 to 7 2015 respectively. read more
Clover’s H1 earnings jump

Clover’s H1 earnings jump

17/03/2015 - 09:44
Johannesburg - Food and beverage company Clover's interim results for the six months ended December 31 improved by 41 percent, the company said on Tuesday.  read more
New car sales show consumers under pressure

New car sales show consumers under pressure

17/03/2015 - 09:31
Johannesburg - The consumer driven new car market continued to experience pressure on a year-on-year comparative basis, according to the review of business conditions by the National Association of Automobile Manufacturers of South Africa (Naamsa) for the fourth quarter of 2014. read more
Millions of consumers use small loans to buy food

Millions of consumers use small loans to buy food

12/03/2015 - 10:32
Johannesburg - Over half of South Africa's credit active consumers are over-indebted and micro-lending negatively affected many in poorer communities, the SA Human Rights Commission (SAHRC) said on Wednesday. read more
Shoprite posts slightly faster H1 profit growth

Shoprite posts slightly faster H1 profit growth

25/02/2015 - 10:19
Johannesburg - Africa's biggest grocer Shoprite posted slightly faster first-half profit growth on Tuesday, as debt-laden consumers took advantage of lower fuel prices and a price war between supermarket chains.  read more
Retail trade sales up - StatsSA

Retail trade sales up - StatsSA

19/02/2015 - 10:31
Johannesburg - Retail trade sales increased by 3.4% year-on-year in December, Statistics SA said on Wednesday. read more
SA ignores advisers over R1trn nuclear plan

SA ignores advisers over R1trn nuclear plan

16/02/2015 - 09:42
Johannesburg – The government is forging ahead with plans to spend as much as R1trn on new nuclear plants, ignoring objections from environmental activists, opposition parties, unions and even its own advisers. read more
EFF disruptions 'destabilise policy making'

EFF disruptions 'destabilise policy making'

13/02/2015 - 10:43
Johannesburg - The disruptions in parliament while President Jacob Zuma delivered his eighth State of the Nation address on Thursday night were an attempt to disrupt and destabilise policy making, an economist said. read more
SA's net reserves dip in January

SA's net reserves dip in January

06/02/2015 - 10:50
Johannesburg - South Africa's net gold and foreign exchange reserves dipped to $42.145bn in January from $42.727bn in December, data from the SA Reserve Bank (Sarb) showed on Friday. read more
Credit growth slows to 8.52% in December

Credit growth slows to 8.52% in December

30/01/2015 - 11:21
Johannesburg - South Africa's private sector credit demand grew 8.52% year-on-year (y/y) in December, down from 9.13% in November, Reserve Bank data showed on Friday. read more
Eating consumers push SA retailers to top spots

Eating consumers push SA retailers to top spots

30/01/2015 - 10:16
Johannesburg - South African retailers are increasingly adopting global trends and this creates many potential opportunities for more agile operators that apply the industry’s global lessons to their local operations, according to Rob Latham, Deloitte consumer business digital leader.  read more
R700 billion lost to corruption in South Africa

R700 billion lost to corruption in South Africa

30/01/2015 - 09:26
South Africa has lost R700 billion to corruption over the last 20 years, the Institute of Internal Auditors said on Wednesday. read more
Lewis shares jump to all-time high

Lewis shares jump to all-time high

28/01/2015 - 09:54
Johannesburg - Furniture company Lewis' revenue grew 4 percent in the nine months to December on strong sales during the festive season, it said on Tuesday, sending its shares to an all-time high. read more
Davies warns prospective investors

Davies warns prospective investors

21/01/2015 - 15:13
Johannesburg- Investors seeking projects in South Africa need to take account of power shortages that might result in more planned outages, Trade Minister Rob Davies said.  read more
Four-point plan for Eskom turnaround

Four-point plan for Eskom turnaround

21/01/2015 - 15:09
Johannesburg - Deputy President Cyril Ramaphosa is correct in saying that the power crisis that originated in South Africa is not just a problem for the government, but that it affects all South Africans, AfriBusiness, a network of Afrikaans business leaders, said on Wednesday. read more
SA Retail stocks hit record

SA Retail stocks hit record

21/01/2015 - 14:02
Johannesburg - Retail stocks climbed to a record on speculation the central bank would reduce borrowing costs to spur an economy struggling to reignite growth.  read more
New-look Nelson Mandela Square draws top fashion brand Forever 21

New-look Nelson Mandela Square draws top fashion brand Forever 21

21/01/2015 - 13:53
Nelson Mandela Square on Tuesday confirmed that US fashion brand Forever 21 would be one of the centre’s new anchor tenants on completion of refurbishment towards the end of the year. read more
Eskom update for the week ahead

Eskom update for the week ahead

19/01/2015 - 11:29
Johannesburg - Eskom on Sunday said it hoped that it would not need to implement load shedding in the upcoming week.  read more
Franc's revaluation ails Richemont

Franc's revaluation ails Richemont

19/01/2015 - 10:56
Johannesburg - The dramatic revaluation of the Swiss franc has resulted in completely opposite fortunes for two South African companies with Swiss interests.  read more
Foschini buys UK's Phase Eight for £238m

Foschini buys UK's Phase Eight for £238m

16/01/2015 - 13:01
Johannesburg - The Foschini Group [JSE:TFG] said on Friday it had bought the holding company of British retailer Phase Eight for £238m a deal that gives it access to European markets. read more
Edcon bonds signal debt overhaul needed

Edcon bonds signal debt overhaul needed

15/01/2015 - 10:42
Johannesburg - Edcon Holdings bondholders are signalling that the retailer needs a debt overhaul. read more
Massmart full-year sales increase

Massmart full-year sales increase

15/01/2015 - 09:37
Johannesburg - Retailer Massmart Holdings [JSE:MSM] reported a more than 10% rise in full-year sales on Wednesday as its building materials and home improvement business delivered a better performance. read more
A haven for the hip, but maybe not for the poor

A haven for the hip, but maybe not for the poor

14/01/2015 - 09:01
At the Neighbourgoods Market in a concrete parking structure in Braamfontein, Johannesburg, where hipsters indulge in organic food and craft beer, the format is familiar to some visitors. read more
Business braces for Eskom cuts

Business braces for Eskom cuts

09/01/2015 - 13:07
Johannesburg - Business is bracing itself for more disruptions in the coming week as the end of the festive season is set to put a further strain on Eskom, which warned on Wednesday that the risk of power cuts was rising as the reopening of mines, factories and schools loomed.  read more
SA to start nuclear procurement process

SA to start nuclear procurement process

18/12/2014 - 09:56
Johannesburg - A "critical milestone" has been reached in South Africa's plans to build new nuclear power stations, the presidency announced on Wednesday. read more
Shoprite snaps up Ellerine's high-end Wetherlys

Shoprite snaps up Ellerine's high-end Wetherlys

12/12/2014 - 08:47
Johannesburg - Retailer Shoprite is buying upscale Wetherlys furniture stores from the unit of failed credit lender African Bank, the competition watchdog said on Thursday. read more
SA's net reserves lower in November

SA's net reserves lower in November

05/12/2014 - 09:38
Johannesburg - South Africa's net gold and foreign exchange reserves fell to $42.946bn in November from $43.085bn in October, data from the SA Reserve Bank (Sarb) showed on Friday. read more
Clover, Dairybelle merger approved

Clover, Dairybelle merger approved

02/12/2014 - 09:35
Johannesburg - The Competition Tribunal has approved a merger between Clover and DairyBelle's yoghurt/UHT milk business, it said on Monday.  read more
Wiese, others bought shares before R68bn deal

Wiese, others bought shares before R68bn deal

01/12/2014 - 10:19
Johannesburg - Directors in Steinhoff International [JSE:SHF] bought shares in the company shortly before its R68.2bn ($5.7bn) purchase of clothing retailer Pepkor, regulatory filings show. read more
JSE stocks slide as Sasol tumbles

JSE stocks slide as Sasol tumbles

01/12/2014 - 09:39
Johannesburg - South African stocks slid 1.6 percent on Friday, with petrochemicals firm Sasol tumbling after oil hit a four-year low, reigniting fears about a slowdown in global growth.  read more
Truworths buys another kidswear business

Truworths buys another kidswear business

28/11/2014 - 09:53
Johannesburg - Truworths International agreed to buy the South African clothes-retail business of Naartjie, the company’s second purchase of a childrenswear specialist in as many months. read more
JSE stocks drop for fourth day

JSE stocks drop for fourth day

26/11/2014 - 10:52
Johannesburg - South African stocks declined for a fourth day in the longest losing stretch since October 2, as weaker oil and metal prices weighed on resources companies and manufacturing slowed in China.  read more
Hawks arrest Eskom employees in sting operation

Hawks arrest Eskom employees in sting operation

26/11/2014 - 10:47
Johannesburg - At least two Eskom employees have been arrested in connection with fraud that could have resulted in the power utility losing billions of rand, the Hawks said on Wednesday. read more
Pioneer profit up as PepsiCo contract ends

Pioneer profit up as PepsiCo contract ends

25/11/2014 - 11:16
Johannesburg - Pioneer Food said profit rose 35 percent as the South African company recovered from a 2013 write-down of the poultry unit it spun off.  read more
Steinhoff to buy Pepkor for R63bn

Steinhoff to buy Pepkor for R63bn

25/11/2014 - 10:59
Johannesburg - Steinhoff International agreed to buy Africa’s largest retailer Pepkor for 62.8 billion rand to expand the company’s presence in Africa.  read more
Joburg scores in global ‘inspirational city’ index

Joburg scores in global ‘inspirational city’ index

24/11/2014 - 10:35
Johannesburg has been named the second most inspiring city in the world in the 2014 GOOD Cities Index – leading all South African cities in the title. read more
Woolworths falls after sales growth slows

Woolworths falls after sales growth slows

21/11/2014 - 09:28
Johannesburg - Woolworths fell the most in more than seven months after the South African food and clothing retailer reported slowing sales growth as the continent’s second-biggest economy falters.  read more
CEO breaks silence over anti-Cell C billboard

CEO breaks silence over anti-Cell C billboard

18/11/2014 - 10:03
Cell C CEO Jose dos Santos has expressed his disappointment that the company failed its customer, George Prokas – the person behind the anti-Cell C banner. read more
Taxi strikes choke economic drive - chamber

Taxi strikes choke economic drive - chamber

18/11/2014 - 09:38
Johannesburg - Taxi strikes like the one that left commuters stranded in Johannesburg on Monday are hampering the country's economic drive, the Johannesburg Chamber of Commerce and Industry (JCCI) said. read more
“Most useless service provider” banner: Cell C mulls appeal

“Most useless service provider” banner: Cell C mulls appeal

14/11/2014 - 10:11
Cell C said in a statement that it is disappointed with the judgment handed down by Judge Sharise Weiner in the South Gauteng High Court today (Thursday, 13 November 2014). read more
Satawu declares strike at Shoprite unit

Satawu declares strike at Shoprite unit

12/11/2014 - 09:01
Johannesburg - Satawu has declared an indefinite strike against the Shoprite-Checkers-owned trucking company Freshmark, the union said on Tuesday.  read more
Cell C on why it went to court over billboard

Cell C on why it went to court over billboard

11/11/2014 - 09:41
Cell C says that it needed to take legal action to remove a billboard because it contained personal details of one of their employees, and because the billboard was defamatory. read more
Exactly what ice-cream fans want

Exactly what ice-cream fans want

11/11/2014 - 09:18
There is no whiff of the trend for no sugar and low-carb anywhere near the Magnum Pleasure Store in Rosebank, Johannesburg, where customers have been queuing for the chance to customise their own ice cream at the pop-up store. read more
JSE stocks rally strongly

JSE stocks rally strongly

05/11/2014 - 09:05
Johannesburg - South African stocks made their biggest daily gain in over a year on Friday as the Bank of Japan's surprise boost to stimulus lifted global markets, although gold producers took a hard knock as the precious metal's price tumbled.  read more
Hunyani, Nampak deal awaits CTC approval - Zimbabwe

Hunyani, Nampak deal awaits CTC approval - Zimbabwe

04/11/2014 - 09:26
Harare - The Competition and Tariff Commission (CTC) says it will approve the Hunyani Holdings Limited (Hunyani) takeover by South Africa- based Nampak Holdings (Nampak) within the next two weeks. read more
Credit growth almost unchanged

Credit growth almost unchanged

29/10/2014 - 09:51
Johannesburg - Growth in credit demand from South Africa's private sector was little changed at 8.74% year-on-year (y/y) in September from 8.78% in August, Central Bank data showed on Wednesday. read more
Africa's fashion influence increasing

Africa's fashion influence increasing

27/10/2014 - 11:25
Johannesburg - Thousands of fashion industry icons, as well as local and international media, are set to converge on Melrose Arch, Johannesburg, for the fifth annual Mercedes-Benz Fashion Week Africa (MBFWAfrica), next week, to celebrate not only Africa’s newfound identity as a trend-setting continent, but one with a clothing and textile industry now able to rival any in the world. read more
Retail partnership to curb centre robberies

Retail partnership to curb centre robberies

23/10/2014 - 10:27
Johannesburg - The South African Council of Shopping Centres (SACSC), the Consumer Goods Council of South Africa, Business Against Crime South Africa, the South African Police Service (Saps), retailers and shopping centre owners and managers have formed an anti-crime collaborative forum to stem the recent spate of shopping centre robberies which have plagued Gauteng. read more
SA government “actively destroying capital”: economist

SA government “actively destroying capital”: economist

21/10/2014 - 10:31
South Africa faces a further credit downgrade because government is “actively destroying capital” by not saving and borrowing more than it is collecting, Efficient Group chief economist Dawie Roodt said on Wednesday. read more
Plea for meaningful economic development

Plea for meaningful economic development

20/10/2014 - 12:55
Johannesburg - Economic development should be made meaningful to those who live far away from economic hubs in South Africa, Parliament's select committee on international relations said on Sunday. read more
Reasons for rand weakness double

Reasons for rand weakness double

15/10/2014 - 10:26
Johannesburg - The rand now has a better chance of getting to R15 to the dollar in three years than going to R10 to the dollar, according to economist Mike Schüssler. read more
Zuma wants to unlock ocean's economy

Zuma wants to unlock ocean's economy

13/10/2014 - 11:12
Johannesburg - President Jacob Zuma will launch Operation Phakisa to unlock the country's ocean economy, the presidency said on Sunday.  read more
JSE stocks gain most in two months

JSE stocks gain most in two months

10/10/2014 - 10:24
Johannesburg - South African stocks advanced the most in two months and yields on government bonds fell as speculation that US policy makers will keep interest rates near zero bolstered demand for emerging-market assets.  read more
Money markets 'AAA' rating unlikely - Fitch

Money markets 'AAA' rating unlikely - Fitch

07/10/2014 - 09:34
Johannesburg - Fitch Ratings on Monday said South African money market funds (MMFs) were highly unlikely to achieve an 'AAA' National Fund Credit Rating. read more
Pick n Pay first-half profit rose

Pick n Pay first-half profit rose

06/10/2014 - 13:27
Johannesburg - Pick n Pay Stores, South Africa’s second-biggest grocer, said first-half earnings would increase as much as 35 percent as the company cut back on costs and improved sales.  read more
Consumer confidence deteriorates

Consumer confidence deteriorates

03/10/2014 - 10:40
Johannesburg - Consumer confidence remains considerably higher compared to the very low CCI levels recorded during the second half of 2013 and in the first quarter of 2014, according to the latest FNB/BER consumer confidence index (CCI). read more
Rand gains as data hurts US dollar

Rand gains as data hurts US dollar

03/10/2014 - 09:59
Johannesburg - The rand strengthened against the US dollar on Thursday, extending its gains into a second session as the greenback slid on weaker-than-expected manufacturing activity.  read more
Credit growth slows to 8.78%

Credit growth slows to 8.78%

01/10/2014 - 12:07
Johannesburg - Growth in credit demand from the private sector slowed to 8.78% year-on-year in August from 9.77% in July, central bank data showed on Tuesday. read more
Rand recoups losses from Russia deal

Rand recoups losses from Russia deal

25/09/2014 - 08:46
Johannesburg - South Africa's rand pulled back from the previous day's 8-month lows on Tuesday as calm returned to a market spooked by news of Pretoria signing a major nuclear power deal with Russia.  read more
Markets in a tailspin over China fears

Markets in a tailspin over China fears

23/09/2014 - 10:52
Johannesburg - South Africa’s equity and currency markets went into a tailspin yesterday, with the rand hitting a fresh seven-month low and the JSE’s benchmark indices sliding 2 percent as investors around the world grappled with the prospect of a slowdown in China.  read more
JSE stocks end lower

JSE stocks end lower

22/09/2014 - 13:49
Johannesburg - South African stocks ended Friday slightly lower as subdued commodity prices and concerns about Chinese growth pulled resource shares down, although global market relief propped up other sectors over the outcome of Scotland's referendum.  read more
Hawkers vital to economy - MEC Maile

Hawkers vital to economy - MEC Maile

22/09/2014 - 13:22
Johannesburg - Informal traders are a vital part of the provincial and national economy, Gauteng economic development MEC Lebogang Maile said on Sunday. read more
Pioneer Foods details Quantum spin off

Pioneer Foods details Quantum spin off

19/09/2014 - 09:17
Johannesburg - Pioneer Foods, a South African cereals and fruit-juice producer, will offer investors one Quantum Foods Holdings share for every Pioneer security as its poultry company prepares an initial public offering.  read more
Nestlé to spend $200m revamping factories

Nestlé to spend $200m revamping factories

18/09/2014 - 13:51
Johannesburg - Nestlé will invest around $200m expanding its coffee factory in South Africa and revamping other facilities producing consumer goods, the incoming head of the local unit said on Wednesday. read more
More jobs but fewer skills

More jobs but fewer skills

16/09/2014 - 13:00
Johannesburg - The rate of employment creation has increased since 1994 with black people benefiting the most, the presidency said on Monday. read more
Clover profit falls as costs bite

Clover profit falls as costs bite

16/09/2014 - 12:56
Johannesburg - South African food and beverage firm Clover Industries Ltd posted a 14.2 percent fall in headline earnings on Tuesday, clipped by brisk inflation levels and higher raw material costs. read more
Rand weakens to fresh 7-month low

Rand weakens to fresh 7-month low

15/09/2014 - 09:05
Johannesburg - The rand fell to seven-month lows against the dollar on Friday, largely reflecting a stronger greenback as recent data backs the case for monetary tightening in the United States.  read more
JSE volumes fall on Pistorius verdict

JSE volumes fall on Pistorius verdict

12/09/2014 - 10:25
Johannesburg - Trading volumes on the Johannesburg Stock Exchange’s benchmark index declined to the lowest level in 10 days while Judge Thokozile Masipa read her verdict in the murder trial of Oscar Pistorius.  read more
Economic worries grow as mining output sinks

Economic worries grow as mining output sinks

12/09/2014 - 10:23
Johannesburg - Mining output fell more than expected in July, hitting levels last seen in late 2012 and compounding doubt about whether the Reserve Bank will hike interest rates next week as the economy suffers. read more
White maize hits one-month high

White maize hits one-month high

11/09/2014 - 10:49
Johannesburg - White maize in South Africa rose to the highest level in almost a month, as the rand fell, making imports more expensive. Wheat also advanced. read more
Khanyi Dhlomo’s loan not quite paid

Khanyi Dhlomo’s loan not quite paid

11/09/2014 - 10:46
Johannesburg - The controversial R34.1m loan by the National Empowerment Fund (NEF) to fund Luminance, Khanyi Dhlomo’s luxury store in Hyde Park, was not exactly paid back, as announced recently. read more