Politicking hits home; JSE trading volumes dwindle
Trading volumes on the Johannesburg stock exchange are at rock bottom with Monday seeing the lowest number since January 2, according to data compiled by Bloomberg.
Trading volumes on the Johannesburg stock exchange are at rock bottom with Monday seeing the lowest number since January 2, according to data compiled by Bloomberg.
Hulamin shares, trading at five year lows, are among the most obvious beneficiaries of a potential crack in a rand that’s looking increasingly vulnerable as Ramaphoria transforms into Ramareality.
Given Rob Vinall’s superb track record, tight focus of its investments and the fact that he has the whole world to choose from, the selection of PSG is a huge plaudit for the Moutons.
China pledged to invest $14.7 billion in South Africa and grant loans to its state power utility and logistics company as the two nations seek to strengthen economic ties and increase trade. The rand gained.
South African Airways pledged to urgently begin a search for a private-sector partner to help turn around the troubled state-owned carrier and ease the burden on an already stretched National Treasury.
Steinhoff is examining how much lost cash from inflated asset deals is recoverable and identifying agreements made outside market rates as the embattled retailer sifts through the wreckage of an accounting scandal.
Day Zero and the drought have seen the average cost of a hotel room fall 11 percent year-on-year – this against a national average increase of 0.6%.
Eskom CEO Phakamani Hadebe felt the full brunt of the classic commentator’s curse this week when South Africa was plunged into darkness.
As African Bank only emerged from curatorship in April 2016, this set of financials is the very first where numbers can be directly compared on a like-for-like basis.
Standard & Poor’s has maintained South Africa’s sub-investment grade, but there has not been further slippage into sub-investment territory, which would make borrowing even more expensive than it is.