News Updates

Johannesburg

Rand weakens after Treasury cuts growth forecast

October 23, 2014

South Africa’s rand weakened against the dollar on Thursday, a day after the finance minister warned that Africa’s most advanced economy was not making sufficient progress to reduce poverty and create jobs.

Amplats’ post-strike ramp up is ahead of schedule

October 23, 2014

Full production at Anglo American Platinum’s strike-hit Rustenburg, Union and Amandelbult mines in South Africa resumed a month ahead of schedule in September as operations bounced back from a five-month strike, the company said on Thursday.

MTN reports 2% rise in subscribers, as competition bites

October 23, 2014

MTN Group, Africa’s largest mobile operator, reported a slight increase in quarterly subscribers on Thursday, as it was squeezed by stiff competition as well as tougher regulation in its key Nigerian market.

SA stocks jump on global rally, Taste on the rise

October 21, 2014

Investors piled into South African stocks on Tuesday as Taste Holdings rose after buying a watch-maker and as indices tracked global markets which were lifted by prospects of ECB bond purchases.

Rand races to firmest in a month vs dollar

October 21, 2014

South Africa’s rand clawed to its firmest level in 25 days against the dollar on Tuesday as investors took some comfort from China’s GDP data, focusing on growth being slightly stronger than forecast.

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