The world is changing fast and to keep up you need local knowledge with global context.
All the latest product and investment news about the world’s biggest companies, including Apple, Google, Facebook, Amazon, Vodafone, Barclays, Deutshe Bank, Goldman Sachs, Tesla, and Netflix.
Inflation is 0.1% higher than in April according to Statistics South Africa. It is still in the mid-point of the Reserve Bank’s target range of between 3 and 6%.
The Old Mutual share price jumped on news that its board has decided to fire its CEO Peter Moyo.
The South African Broadcasting Corporation is in serious trouble and faces a blackout. The financial position of the broadcaster has been worsening as it awaits a decision on its application for a R3.2bn financial support from the government.
South African mining stocks were driven to an almost 11 year high yesterday as iron-ore prices rallied and gold was shining due to its haven appeal.
Public Protector Busisiwe Mkhwebane has given President Cyril Ramaphosa until the 21st of June to answer to allegations that he violated the constitution.
South Africa’s manufacturing sector has perked up, with more cars, electronics, metal products and furniture produced than expected.
Trading in Tongaat Hulett’s securities on the Johannesburg Stock Exchange and London Stock Exchange has been been suspended.
The gold price is on its longest winning streak in almost a year and a half, rising for the eighth consecutive trading session on Friday.
Ratings agency Moody’s Investors Service has said it expects South Africa’s interest rates to fall. Moody’s says it sees the central bank cutting its interest rate to support the economy.
South Africans are reeling from the news that the economy shrunk in the first quarter of this year. Analysts have blamed Eskom power cuts for hammering manufacturing, mining and agricultural output.