đź”’ Who to blame for the rand slump?
The rand fell out of bed on Tuesday, trading well below R15 to the US dollar as Stats SA announced that the country is in a technical recession.
ZAR
Bidvest’s offer to buy all remaining Adcock shares rejected
The Bidvest Group’s offer to buy all the shares it does not already own in pharmaceutical company Adcock Ingram was rejected by an overwhelming majority.
More job losses in platinum as Lonmin peers in crystal ballÂ
Lonmin Plc scaled back spending plans to weather a platinum price slump that may last two more years.
SA private school demand spurs R740-million rights offerÂ
(Reuters) - South Africa’s private school firm Curro Holdings said on Monday it has raised R740-million rand ($62- million) in a fully-subscribed rights offer to pay for new schools. There has been surging demand for private schools from many middle-class parents. Public education in Africa’s most advanced economy was ranked among the worst in a survey by the World Economic Forum last year. SA spends … Read more
Gold Fields shares fall most in 7 years as results swing to losses
Shares in Gold Fields booked their biggest daily fall in seven years on Thursday after the South African bullion producer swung to a quarterly loss.
Gold Fields has it eyes on new mines despite Q1 loss
Bullion producer Gold Fields is on the prowl for new mines, despite a sinking gold price and delays in its flagship South African mine.
Sibanye Gold: Lower shares due to load shedding
South African-focused Sibanye Gold said on Monday power shortages and a delayed start-up after the festive season cut its first quarter bullion output by 5 percent, sending its shares lower.
Billionaire Christo Wiese’s soft side – helping poor people own their homes
Christo Wiese, who led a $1 billion takeover this month, says he’s also focused on helping millions of South Africans make a more modest purchase.
IG Markets: Midday market update, 28 April
The JSE all-Share index is trading 0.41% into negative territory following weaker global markets as caution prevails ahead of the FOMC meeting and GDP data out of the U.S. later this week.
SA economy to suffer a major blow from xenophobia attacks
SA’s economic and tourism industries will suffer a major blow following recent violence against foreign nationals, said Protea Group founder Otto Stehlik.