News Updates


Rand flat but economic data expected to weigh

July 30, 2014 // 0 Comments

JOHANNESBURG (Reuters) – The South African rand was broadly flat against the dollar on Wednesday with investors bracing themselves for the release of indicators expected to show more weakness [...]

Africa operations boost Barclays Africa earnings

July 30, 2014 // 0 Comments

JOHANNESBURG (Reuters) - Barclays Africa Group posted an expected 10 percent rise in first-half headline earnings on Wednesday boosted by its newly integrated Africa operations. The pan-African [...]

ANC prefers local buyer for Amplats mines

July 29, 2014 // 0 Comments

By Joe Brock JOHANNESBURG (Reuters) - South Africa’s ruling African National Congress (ANC) would like a local company to buy mines being sold by Anglo American Platinum but it will not try [...]

Metal workers start returning to work

July 29, 2014 // 0 Comments

By Xola Potelwa and Wendell Roelf JOHANNESBURG/CAPE TOWN (Reuters) – South African metal workers started returning to work on Tuesday after accepting a wage deal from employers, ending a [...]

SA’s unemployment rate increases to 25.5%

July 29, 2014 // 0 Comments

JOHANNESBURG (Reuters) - South Africa’s unemployment rate increased to 25.5 percent of the labour force in the second quarter of 2014, from 25.2 percent in Q1, data showed on Tuesday. In its [...]

SA’s credit growth quickens to 8.69% in June

July 29, 2014 // 0 Comments

JOHANNESBURG (Reuters) – Growth in credit demand from South Africa’s private sector quickened to 8.69 percent year-on-year in June, from 8.34 percent in May, reserve bank data showed on [...]
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