Thursday, 21 March 2019

Category: Markets

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  • South Africa hit by more blackouts

    South Africa hit by more blackouts

    South African state utility Eskom stepped up blackouts on Saturday as it lost 900 megawatts of electricity imports from neighbouring Mozambique, which was hit this week by a cyclon ...

  • Massmart 2018 earnings down nearly 32%

    Massmart 2018 earnings down nearly 32%

    Massmart, which owns local brands such as Game, Makro, Builder’s Warehouse and CBW, said the combination of low sales growth and higher expense growth caused group trading profit e ...

  • 5 rewards of using digital advertising as a start-up

    5 rewards of using digital advertising as a start-up

    Digital advertising is growing and the revenue of digital ads is expanding every year hugely as mobile has recently taken over with more number of people surfing from mobile itself ...

  • Zimbabwe to operate new Inter-bank forex market

    Zimbabwe to operate new Inter-bank forex market

    Zimbabwe’s Central Bank Governor, John Mangudya said it is in the process of establishing a new inter-bank foreign exchange market. On Wednesday, the Central bank governor said the ...

Black Friday – what you need to know

Black Friday – what you need to know

Although traditionally a US phenomenon, Black Friday has become increasingly popular in other countries over the past six years. The earliest evidence of the phrase Black Friday a ...

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Richard Branson steps down as chairman of Virgin Hyperloop

Richard Branson steps down as chairman of Virgin Hyperloop

Richard Branson is quitting as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the United Arab Emirates and other countr ...

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Currency traders are a security threat – Zimbabwe

Currency traders are a security threat – Zimbabwe

Zimbabwean President, Emerson Mnangagwa, has described parallel market currency dealers as a national security threat. He warned that his administration will take drastic measures ...

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Commercial bank of Ethiopia woos diaspora with mortgage loans

Commercial bank of Ethiopia woos diaspora with mortgage loans

The Commercial Bank of Ethiopia, CBE, has announced plans to woo nationals in the diaspora with mortgage loans. The bank in a statement issued on Friday said, the persons targeted ...

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Germany sees biggest wine harvest since 1999

Germany sees biggest wine harvest since 1999

An industry group says German winemakers are on track for their biggest grape harvest in nearly 20 years after a long, hot summer that shriveled many other farmers' crops. The Ger ...

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Rand hits almost R15 amid Nhlanhla Nene resigning request

Rand hits almost R15 amid Nhlanhla Nene resigning request

The rand was trading at R14. 96 to the dollar at 09:00 as news broke that Minister Nene asked President Ramaphosa to be let go as Finance Minister. The rand was trading at R14.80 ...

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Reserve Bank of Zimbabwe to address prices, forex shortages 

Reserve Bank of Zimbabwe to address prices, forex shortages 

The monetary policy to be announced by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya today is expected to give solutions to prices that have been going up and announce ...

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South African recession is temporary – Ramaphosa

South African recession is temporary – Ramaphosa

South Africa’s slide into recession is a “transitional issue” from which the economy will soon recover, President Cyril Ramaphosa said in comments published on Thursday, repeating ...

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Sea Harvest anticipates lower earnings

Sea Harvest anticipates lower earnings

JSE-listed and vertically integrated fishing company Sea Harvest expects its interim basic earnings a share to decline by at least 31 percent as it absorbs the costs related to ac ...

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Rand drops to its weakest level in 2018

Rand drops to its weakest level in 2018

The rand suffered big losses last week and on Friday slid to its worst level this year against the dollar. On Friday afternoon the rand traded on R14.08 to the dollar. This was 80 ...

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