SA nuclear power: A reality as experts eye Rosatom, Westinghouse reactors
South Africa is considering using reactors from Russia’s Rosatom and Westinghouse for its 9,600 megawatt nuclear fleet expansion.
SA Investing
US Fed caution casts doubt on SA rate hike in July
It is no secret that the South African Reserve Bank (SARB) has been worried about the timing of US rate hikes and the effect this would have on capital flows, the rand and the resultant impact on the local inflation outlook. The SARB’s concern over the upside risks to the inflation outlook persuaded the market to price in a July hike of 25bps.
Brait to spinoff $1.3b Steinhoff stake – hits acquisition trail
Investment company Brait SE plans to sell its 6 percent stake in furniture retailer Steinhoff International Holdings Ltd. within 12 to 18 months, to fund further acquisitions.
S&P Indices Versus Active Funds (SPIVA®) South Africa Scorecard
S&P Dow Jones Indices has been the de facto scorekeeper of the ongoing active versus passive debate since the first publication of the SPIVA U.S. Scorecard in 2002.
Telkom business to split as uneasy workers mull prospects
As of January this year, Telkom had 18,384 employees. Yet within the next two months – according to the major affected union, Solidarity — the telecoms company plans to shed 7,800 jobs.
Anglogold sells US mine to Newmont for $820m
Newmont Mining Corp., the largest U.S. gold producer, agreed to buy the Cripple Creek & Victor mine in Colorado from AngloGold Ashanti Ltd. for $820 million.
Put lead in the pencil and not in the pasta
India is experiencing a social panic over noodles, particularly those related to brand-name Maggi. Tests conducted showed that ingredients containing lead breached accepted levels, and a massive recall is being instituted.
Telkom declares first dividend in five years after debt plunge
Telkom SA SOC Ltd., South Africa’s biggest landline provider, said it would pay its first dividend since 2011 after cutting debt by 92 percent.
Lonmin – now so cheap you can buy company for cost of single mine shaft
The world’s third-largest platinum producer Lonmin has gotten so cheap, a buyer could acquire the whole company for about as much as it takes to build a single mine shaft.
SARB puts a smile on bleak inflation outlook
SA’s Reserve Bank (SARB) said a moderate tightening in monetary policy will help it keep inflation under control without causing too much harm to economic growth. The bank will resume its “interest-rate normalisation” policy should risks to the inflation forecast materialise.