Gold Fields Ltd aims to cut its debt by $300 million over the next two years, it said on Thursday, a move that would give South Africa’s No.2 bullion miner ample headroom for potential acquisitions.
The format of these articles was selected in the interests of investor education, so I ask you to please come along with my fictional student as he attends his lectures on the very real topic of financial analysis. Depending on the reception to this idea, my hopes are that this will be the first instalment … Read more
The repo rate will remain unchanged at 5.75 percent, the SA Reserve Bank’s monetary policy committee decided on Thursday. SA Reserve Bank governor Gill Marcus said the domestic growth outlook remained “weak”. In January, the repo rate increased by 50 basis points to 5.5 percent, and in July it increased by 25 basis points to … Read more
By Jill Dickenson* Nairobi, East Africa’s bustling business hub where several of Africa’s largest companies are headquartered, is a popular destination for business travellers including South Africans. Jill Dickenson of Club Travel Corporate recently spent 48 hours in Nairobi and compiled a list of what you need to know when travelling to this city for … Read more
The JSE all-share index is trading marginally firmer this morning, with financial stocks leading the gainers and the financial 15 index up 1%. Trading remains subdued ahead of the FuturEd close out later today. In economic news, last night the FOMC kept rates unchanged, saying that rates will be kept low for a considerable time … Read more
South Africa’s big four banks have all released their interim results for the year. The groups posted combined headline earnings of R27.8bn, up 13.1% from the comparable period last year, as well as a 9.5% increase in total operating income. To get insights into PwC’s latest report, South Africa Major Banks Analysis: Stability amid uncertainty, Alec Hogg spoke … Read more
Another spectacle is on the cards at Ellis Park Stadium on Friday night when the Golden Lions and the Pumas face each other in a Currie Cup clash. Both sides have the ability and the appetite to play an expansive style of rugby while the battle for second place on the log will add an … Read more
As the global race for the world’s last untapped economy is underway, India’s Wipro has set its sights on establishing itself in South Africa, looking at it as a spring-board into Africa. The international IT services and business processes outsourcing leader has been known for bringing much-needed skills into South Africa, as well as exporting … Read more
By Amora Nyawo* Business travel between South Africa and East Africa continues to grow year on year, as local companies expand into previously untapped African markets. Travelling to Tanzania has just become a whole lot easier for South Africans who are now exempt from applying for a visa for holiday or business stays, up to 90 … Read more
General Santos, Philippines | AFP | Philippine boxing superstar Manny Pacquiao threw down a fresh challenge to Floyd Mayweather Jnr on Thursday, daring the American world champion to “fight me” instead of setting terms that could torpedo the dream bout. “He’s all talk. Until now he has not yet agreed to fight me. Instead of … Read more