Huge paydays for Shoprite, Woolworths CEOs :
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| Last Updated | Oct 04 22 |
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South African rand trades lower as metal prices retreat: South Africa's rand edged lower in early trade on Tuesday, with analysts pointing to a decline in metal ...
reuters.com/world/africa/south-african-rand-trades-lower-metal-prices-retreat-2024-04-23/
Rand plunges after poll shows surge in support for Zuma’s MK party: The rand by late Wednesday afternoon had fallen to 18.79/dollar from 18.44/dollar earlier ...
dailymaverick.co.za/article/2024-04-10-rand-plunges-after-poll-shows-surge-in-support-for-zumas-mk-party/
Quick Glance: The Unstoppable Impunities of Jacob Zuma
- Former President Jacob Zuma secures a significant victory for his MK party, confirming his candidacy.
- The MK party leverages court cases for nationwide publicity, establishing a strong presence in voters' minds.
- Zuma, amidst surviving various scandals, aims for a political comeback with support from the ANC government.
- The ANC's actions have facilitated Zuma's resurgence, inadvertently creating a formidable opposition in the process.
South Africa's Capitec Bank reports 16% rise in FY profit: South African lender Capitec Bank reported a 16% rise in full-year profit on Tuesday ...
reuters.com/business/finance/south-africas-capitec-bank-reports-16-rise-fy-profit-2024-04-23/
Risk sensitive South African rand weakens as geopolitical tensions bite: South Africa's rand weakened in volatile trading early on Friday, as reports of an ...
reuters.com/markets/risk-sensitive-south-african-rand-weakens-geopolitical-tensions-bite-2024-04-19/
Shimmer of hope — what’s behind another gold rush in South Africa: A decline in labour unrest and safer mines have made exposure to gold a less-risky ...
dailymaverick.co.za/article/2024-04-21-shimmer-of-hope-another-gold-rush-in-south-africa/
South African rand extends losses ahead of local data: South Africa's rand weakened in early trade on Thursday, extending losses from the previous day ahead of ...
reuters.com/world/africa/south-african-rand-extends-losses-ahead-local-data-2024-04-11/
Quick Glance: South African Rand Weakens After US CPI Release
- South Africa's rand slipped as the dollar surged following data indicating a rise in U.S. inflation, reducing expectations of a Federal Reserve interest rate cut in June.
- The dollar index rose after the inflation report, trading up approximately 1.08% against a basket of global currencies.
- No economic data releases are scheduled in South Africa until Thursday, when gold and mining production as well as manufacturing data for February will be released.
- With general elections just over six weeks away, market uncertainty has contributed to rand weakness, exacerbated by an opinion poll estimating voter support for the governing African National Congress at 37%.
Blast from the past: Ntini bags 10 as Proteas crush Kiwis: Today in SA sport history: April 19
timeslive.co.za/sport/2024-04-18-blast-from-the-past-ntini-bags-10-as-proteas-crush-kiwis/
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South African rand firms after foreign reserves data: South Africa's rand firmed in early trade on Monday, after central bank data showed that foreign reserves ...
reuters.com/world/africa/south-african-rand-firms-after-foreign-reserves-data-2024-04-08/
South African rand weakens against strong dollar: South Africa's rand weakened in early trade on Friday against the U.S. dollar, which hovered near a five-month ...
reuters.com/markets/south-african-rand-weakens-against-strong-dollar-2024-04-12/
TOM EATON | Bitter poll to swallow: one can’t let facts get in the way of a good headline
timeslive.co.za/sunday-times-daily/opinion-and-analysis/2024-04-11-tom-eaton-bitter-poll-to-swallow-one-cant-let-facts-get-in-the-way-of-a-good-headline/
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South Africa faces upside risk to inflation, financial conditions, central bank governor says
nation.africa/africa/news/south-africa-faces-upside-risk-to-inflation-financial-conditions-central-bank-governor-says-4598014
Quick Glance: Challenges for South Africa in Inflation and Financial Conditions, According to Central Bank Governor
- Lesetja Kganyago, the Governor of the South African Reserve Bank, warned of upside risks to the country's inflation outlook.
- Despite the chaotic impact of adverse El Nino weather in Africa, the latest data does not show indications of price hikes in food.
- The South African Reserve Bank noted that the inflation rate is expected to reach the target range of 4.5% only by the end of 2025.
- Kganyago highlighted potential risks from higher oil prices due to tensions in the Middle East and tight global financial conditions resulting from prolonged high interest rates at the U.S. Federal Reserve.
Pick n Pay ‘destroyed me’ — retailer’s original black franchisee describes eight years of ‘torture’
dailymaverick.co.za/article/2024-04-16-pick-n-pays-original-black-franchisee-describes-years-of-torture/
Warrant of arrest for 'crooked' RAF claims handler who wanted half-a-million rand bribe
timeslive.co.za/sunday-times-daily/news/2024-04-10-warrant-of-arrest-for-crooked-raf-claims-handler-who-wanted-half-a-million-rand-bribe/
Paid articlePaid Farmers face ruin as drought devastates summer crops: While consumers are safe for now, many farmers have lost millions of rand after a promising start to the ...
timeslive.co.za/sunday-times/news/2024-04-07-farmers-face-ruin-as-drought-devastates-summer-crops/
Paid articlePaid Floods of 2022 were nothing compared to this carnage, say devastated Margate residents
timeslive.co.za/sunday-times-daily/news/2024-04-17-floods-of-2022-were-nothing-compared-to-this-carnage-say-devastated-margate-residents/
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Emerging Markets Extend Bounce to Second Day After US PMI Miss: Emerging-market stocks rose for a second session amid signs of easing tensions in the Middle East ...
bloomberg.com/news/articles/2024-04-23/emerging-market-stocks-sustain-recovery-as-mideast-concerns-ease
Paid articlePaid Loaded for Bear: Rand set for turbulent ride until elections — and their aftermath
dailymaverick.co.za/article/2024-04-22-loaded-for-bear-rand-set-for-turbulent-ride-until-elections-and-their-aftermath/
Rand (ZAR USD) Slumps as South Africa’s Electoral Turmoil Spooks Investors: South Africa is heading into unchartered political terrain and investors are growing ...
bloomberg.com/news/articles/2024-04-11/rand-zar-usd-slumps-as-south-africa-s-electoral-turmoil-spooks-investors
South Africa Fossil Fuel Subsidies Top $6 Billion, Study Shows: South Africa’s fossil fuel subsidies rose to a 118 billion rand ($6.3 billion) in the 2023 fiscal ...
bloomberg.com/news/articles/2024-04-10/south-africa-fossil-fuel-subsidies-top-6-billion-study-shows
South African rand firms against dollar: South Africa's rand held onto its recent gains against the dollar early on Friday in the absence of major local economic ...
reuters.com/markets/south-african-rand-firms-against-dollar-2024-04-05/
S.African insurer Old Mutual reports 28% rise in full-year profit: South African insurer Old Mutual Ltd reported a 28% rise in full-year earnings on Wednesday as ...
reuters.com/business/finance/safrican-insurer-old-mutual-reports-28-rise-full-year-profit-2024-03-27/
South African rand little changed; PPI, budget and trade data due: The South African rand was little changed in early trade on Thursday, ahead of a flurry of ...
reuters.com/world/africa/south-african-rand-little-changed-ppi-budget-trade-data-due-2024-03-28/
TOM EATON | Back to reality: the grass is the same all over, it seems: It’s not just the weakness of the rand or the abundance of cheap labour in South Africa ...
timeslive.co.za/sunday-times-daily/opinion-and-analysis/2024-03-18-tom-eaton-back-to-reality-the-grass-is-the-same-all-over-it-seems/
Paid articlePaid South African rand flat ahead of inflation, retail sales data: South Africa's rand was flat early on Wednesday as investors awaited inflation and retail sales ...
reuters.com/markets/south-african-rand-flat-ahead-inflation-retail-sales-data-2024-03-20/
South Africa's Standard Bank posts 27% jump in annual profit: Africa's biggest lender by assets Standard Bank said on Thursday its annual profit jumped by 27% as ...
reuters.com/business/finance/south-africas-standard-bank-posts-27-jump-annual-profit-2024-03-14/
Rand set to end week on stronger note: SA's rand was trading at its strongest level in over a month early on Friday, after a week of gains supported by ...
timeslive.co.za/sunday-times/business/business/2024-03-08-rand-set-to-end-week-on-stronger-note/
South Africa’s Shoprite Boosts Sales by Avoiding Price Increases: Shoprite Holdings Ltd., Africa’s largest supermarket chain, said it’s attracting more shoppers ...
bloomberg.com/news/articles/2024-03-05/south-africa-s-shoprite-boosts-sales-by-avoiding-price-increases
Paid articlePaid South African rand steady ahead of US inflation data: South Africa's rand was little changed early on Tuesday, as traders remained cautious ahead of U.S ...
reuters.com/markets/south-african-rand-steady-ahead-us-inflation-data-2024-03-12/
South African rand little changed against the dollar: South Africa's rand was little changed early on Friday, after slumping the day before on a stronger dollar ...
reuters.com/markets/south-african-rand-little-changed-against-dollar-2024-03-15/
Shoprite looks for growth tonic: Shoprite, which widened its market share in the grocery market, sees growth opportunities in the pharmacy market dominated by ...
timeslive.co.za/sunday-times/business/business/2024-03-10-shoprite-looks-for-growth-tonic/
Paid articlePaid South African rand set to end week on stronger note: South Africa's rand was trading at its strongest level in over a month early on Friday ...
reuters.com/world/africa/south-african-rand-set-end-week-stronger-note-2024-03-08/
Shoprite Adds Stock to Counter Scant South Africa Investment: Shoprite Holdings Ltd. is responding to low South African production investment ...
bloomberg.com/news/articles/2024-03-05/shoprite-adds-stock-to-counter-scant-south-africa-investment
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Pigish art: Painting pig Pigcasso is dead: She used her pig snout to paint colorful pictures that were exhibited and sold for a lot of money. Pigcasso ...
spiegel.de/kultur/malende-sau-pigcasso-ist-tot-schweinedame-starb-im-alter-von-8-jahren-a-8b982193-f5af-48ed-92f7-64d9d4400181
https://t.co/1fV5KEGWRK's Sasol reports 34% decline in half-year profit https://t.co/sHlpghOKH4 https://t.co/woJrFMOicJ
reut.rs/48utrQT
It’s just a sharp right turn from Sharprite to Shoprite: Social media is abuzz after some people found it weird that just opposite the popular retailer Shoprite ...
timeslive.co.za/news/south-africa/2024-02-14-its-just-a-sharp-right-turn-from-sharprite-to-shoprite/
The Finance Ghost: The market lowdown on mining, retail and property fund groups: Bell Equipment is charging forward at the moment. An initial trading statement ...
dailymaverick.co.za/article/2024-04-05-the-finance-ghost-the-market-lowdown-on-mining-retail-and-property-fund-groups/
South African rand firms as markets await budget speech: The South African rand firmed in early trade on Monday as investors awaited the finance minister's ...
reuters.com/world/africa/south-african-rand-firms-markets-await-budget-speech-2024-02-19/
Quick Glance: Everton climbs out of relegation zone after draw
- Amadou Onana's goal secures Everton a draw against Crystal Palace.
- The draw lifts Everton out of the Premier League relegation zone.
- Jordan Ayew leads Palace in the second half post Roy Hodgson's resignation.
- Palace is five points clear of relegation, with Everton and Luton tied in points.
More distress — how scammers defraud Sassa grant recipients: Scammers are cashing on grant recipients through an intricate system that includes deceptively ...
dailymaverick.co.za/article/2024-02-28-more-distress-how-scammers-defraud-sassa-grant-recipients/
Canal+ deal: MultiChoice extends Patel’s chairmanship: The Board of Directors of MultiChoice has reached an agreement with Imtiaz Patel to remain as chairman ...
punchng.com/canal-deal-multichoice-extends-patels-chairmanship/
Amplats plans to cut thousands of jobs after profit plunge: Anglo American Platinum said on Monday it plans to cut thousands of jobs at its mines in South Africa ...
reuters.com/markets/commodities/amplats-says-restructuring-impact-3700-workers-2024-02-19/
Quick Glance: Anglo American Cuts 3,700 Jobs Amid Price Drop
- Anglo American Platinum plans to cut 3,700 jobs in South Africa to enhance division performance.
- Amplats' profits decreased due to economic uncertainty and a 35% drop in platinum group metals prices.
- Approximately one-fifth of Amplats' total workforce faces job cuts, with an additional 620 contractors under review.
- Anglo American implemented further cost-cutting measures due to prolonged low prices, impacting Amplats' struggles.
Everyone says they have no money, and the data now support the stories: City traders are threatening to strike over what they see as intrusive practices by the ...
monitor.co.ug/uganda/oped/columnists/daniel-kalinaki/everyone-says-they-have-no-money-and-the-data-now-support-the-stories-4570762
Paid articlePaid Are Ramaphosa’s Achievements in South Africa Being Overlooked?: South African President Cyril Ramaphosa’s state-of-the-nation speech was met with predictable ...
dailymaverick.co.za/article/2024-02-09-are-ramaphosas-achievements-in-south-africa-being-overlooked/
Quick Glance: Poll | Impact of Tintswalo's Story
- President Cyril Ramaphosa discussed the ANC in his state of the nation address.
- Criticism of Ramaphosa's portrayal of 'Tintswalo' and the mixed reactions it received.
- Challenges raised by opposition parties, citizens, and commentators regarding socioeconomic issues in South Africa post-democracy.
- Realities faced by 'Tintswalo' and others in contemporary South Africa highlighted, including unemployment, crime, and more.
Mkhwebane’s court battle over multimillion rand gratuity will provide clarity, says public protector Gcaleka
timeslive.co.za/politics/2024-02-22-mkhwebanes-court-battle-over-multimillion-rand-gratuity-will-provide-clarity-says-public-protector-gcaleka/
South African rand firms in early trade: South Africa's rand was slightly stronger in early trade on Monday but remained close to the 19.0 mark ...
reut.rs/48icSHQ
What to Expect From ‘The Wheel of Time’ Season 3 Based on the Book: Robert Jordan's The Shadow Rising is set to be the next book adapted for The Wheel of ...
collider.com/wheel-of-time-season-3-book/
Quick Glance: 'The Wheel of Time' Season 3 Production Completed
- Filming for the third season of 'The Wheel of Time' has wrapped up successfully, and the cast is excited for the audience to witness the upcoming season.
- Drawing inspiration from the fourth book of the series, 'The Shadow Rising', the new season showcases the creator's dedication.
- Set in a realm of mystical forces exclusively wielded by women, the narrative follows Moraine and five young individuals on a perilous expedition.
- The third season is based on the fourth book in 'The Wheel of Time' book series by Robert Jordan, and the premiere date is pending. The first two seasons are available for streaming on Prime Video.
South Africa’s Ramaphosa Praises Pledges to Support Black-Owned Firms: South African President Cyril Ramaphosa said pledges to procure goods and services from ...
bloomberg.com/news/articles/2024-03-20/south-africa-s-ramaphosa-hails-backing-for-black-owned-firms
Markets, analysts give Godongwana’s Budget a cautious cheer: Sin taxes are going up. But markets and analysts have raised a cautious glass to the 2024 Budget ...
dailymaverick.co.za/article/2024-02-21-markets-analysts-give-godongwanas-budget-a-cautious-cheer/
Sasfin Rejects $250 Million Claim from South Africa’s Tax Agency: Sasfin Holdings Ltd. rejected a 4.87 billion rand ($255 million) damages claim brought by the ...
bloomberg.com/news/articles/2024-02-27/sasfin-rejects-250-million-claim-from-south-africa-s-tax-agency
BUDGET 2024 | Rand leaps after news of Godongwana’s budget speech: Markets liked the fact that government will use the Gold and Foreign Exchange Contingency ...
timeslive.co.za/sunday-times-daily/politics/2024-02-21-budget-2024-rand-reacts-positively-to-godongwanas-budget-speech/
Godongwana chose SA over playing politics: In an election year where appeasing the majority may have been the preferred course of action ...
timeslive.co.za/sunday-times/business/opinion/2024-02-25-godongwana-chose-sa-over-playing-politics/
Paid articlePaid After the Bell: The Budget and the R150bn windfall: The issue of GFECRA sounds technical, but actually it’s very simple. The SA Reserve Bank runs a large reserve ...
dailymaverick.co.za/article/2024-02-21-after-the-bell-the-budget-and-the-r150bn-windfall/
Woman-owned business creates meal that feeds a family of four for R20: Pasta & Me is a small, 100% female-owned business created by Aziza Parker, a mother of two ...
iol.co.za/business/woman-owned-business-creates-meal-that-feeds-a-family-of-four-for-r20-b2717be6-145b-41e7-99ed-bd94db997141
Old Mutual Sees Profit Jump on ‘Exceptional’ New-Business Growth: Old Mutual Ltd. said “exceptional growth” in new business drove profit at Africa’s biggest ...
bloomberg.com/news/articles/2024-03-12/old-mutual-sees-profit-jump-on-exceptional-new-business-growth
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Some would-be blood donors say they were turned away from Rand clinic: Rand Memorial Hospital (RMH) officials are being asked to clarify their procedure for ...
thenassauguardian.com/grand_bahama/some-would-be-blood-donors-say-they-were-turned-away-from-rand-clinic/article_14c99860-c910-11ee-8d54-97edac63cac7.html
SA’s current account deficit widens significantly as trade surplus withers: South Africa’s current account deficit widened materially in the fourth quarter of ...
dailymaverick.co.za/article/2024-03-07-sas-current-account-deficit-widens-significantly-as-trade-surplus-withers/
Kumba warns that Transnet rail woes continue to ‘pressure value chain’, flags higher earnings
dailymaverick.co.za/article/2024-02-08-kumba-warns-that-transnet-rail-woes-continue-to-pressure-value-chain-flags-higher-earnings/
Canal+ Ups Buyout Offer For African Content Giant MultiChoice To $1.8B: France's Canal+ has upped a buyout offer for African TV and streaming giant ...
deadline.com/2024/03/canal-plus-ups-buyout-offer-multichoice-africa-1235845847/
Geekdom coworking space expands footprint in downtown San Antonio: The tech-focused downtown coworking space has expanded its physical footprint ...
expressnews.com/business/article/geekdom-expands-coworking-downtown-rand-building-18705264.php
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Enugu govt shuts ShopRite, SPAR malls, others over alleged tax evasion: The facilities were sealed on Tuesday by officials of the Enugu State Internal Revenue ...
premiumtimesng.com/news/top-news/674457-enugu-govt-shuts-shoprite-spar-malls-others-over-alleged-tax-evasion.html
Business Exodus From Nigeria Won’t Last, Shoprite Billionaire Wiese Says: Nigeria’s large and growing population is impossible for business to ignore and a ...
bloomberg.com/news/articles/2024-03-01/business-exodus-from-nigeria-won-t-last-billionaire-wiese-says
South African Shoprite Billionaire Christo Wiese Is Hunting for Diamonds, Again: The octogenarian retail tycoon dreams of stumbling upon a “big stone”
bloomberg.com/news/articles/2024-02-26/south-african-shoprite-billionaire-christo-wiese-is-hunting-for-diamonds-again
Turnover at Spar, Eurospar, Mace, and Londis business in Republic rises by 7% : Latest news on Ireland's companies and busines organisations and their impact ...
irishexaminer.com/business/companies/arid-41336896.html
EZA: Concerns Around The Rand: Read here for South African market and its interesting picks, like Naspers, while being mindful of risks related to the weak Rand ...
seekingalpha.com/article/4668986-eza-concerns-around-rand
Paid articlePaid South African Inflation Cools to Two-Month Low in March: South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade ...
bloomberg.com/news/articles/2024-04-17/south-african-inflation-cools-to-two-month-low-in-march
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Disinflation uncertainty could push interest rate cuts to 2025: The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on ...
mg.co.za/business/2024-04-23-disinflation-uncertainty-could-push-interest-rate-cuts-to-2025/
No T-shirts for God: ... just hand-me-down suits
timeslive.co.za/sunday-times/opinion-and-analysis/opinion/2024-03-31-no-t-shirts-for-god/
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