IOL Logo
Saturday, May 24, 2025

Latest News & Developments

jse

Former Anglo American suiter, BHP, expects to benefit from Trump-induced global turmoil

BHP is set to benefit from market volatility with record copper and iron ore production, despite global tariff challenges.

Business
Nicola Mawson|Published

Local currency moves back to R19 to the dollar, yet volatility is the name of the game

Following President Trump's unexpected tariff announcements, the South African rand has seen significant fluctuations, recently recovering to R19 against the dollar.

Business
Nicola Mawson|Published

How Trump's tariffs impact South Africa's billionaires and threaten thousands of jobs

Donald Trump’s trade tariffs protected South Africa’s richest but put thousands of jobs at risk in one of the world’s most unequal countries.

Business Jobs
Nicola Mawson|Published

Volatility in global markets: the impact of US-China tariffs - Chris Harmse

Explore the ongoing volatility in share, bond, and exchange rate markets driven by US-China trade tensions and President Trump's tariff decisions, and discover how these factors are influencing global economic stability.

Business Report Markets
Chris Harmse|Published

Purple Group's financial performance: A 208% profit surge and client engagement rises

Purple Group has achieved its strongest half-year performance, with profits soaring by 208. 5% and significant growth in client engagement and revenue, signalling a robust strategy in a challenging market

Business Report Companies
Edward West|Published

African Rainbow Minerals Platinum reshuffles leadership, revitalises technical services division

African Rainbow Minerals (ARM) Platinum on Wednesday announced the appointment of Johan Christian Jansen as its acting CEO to replace Luthando Mkatshana until the permanent CEO has been appointed.

Business Report
Siphelele Dludla|Published

Sasol share price slumps amid operational challenges and global market pressures

Discover how a series of operational setbacks and global market dynamics have led to a staggering decline in Sasol's share price, as analysts weigh the potential for recovery amid ongoing challenges in the fuel and chemicals sectors.

Business Report Companies
Edward West|Published

Cashbuild moves to acquire 60% stake in Allbuildco Holdings for R93 million

Cashbuild is set to acquire a 60% stake in Allbuildco Holdings for R93 million, a strategic move that will expand its hardware and building materials presence with three additional Amper Alles stores across Pretoria and Limpopo.

Business Report
Siphelele Dludla|Published

Escalating US tariffs send SA market into tailspin amid political uncertainty

South Africa's economy faces mounting pressure as the rand plummets to a near two-year low amidst escalating US-China trade tensions and uncertainty over the future of the Government of National Unity. Experts warn that further political instability could drive the rand beyond R22. 00/$1, while global markets experience their steepest declines since the COVID-19 pandemic

Business Report
Siphelele Dludla|Published

Trump tariffs and political fears lash local market

South Africa's markets are in turmoil as the JSE's All Share Index drops 9. 28% in a week, driven by Trump’s tariffs and political instability.

Business Economy
Nicola Mawson|Published

Despite turmoil on the global markets, the JSE ends March and first quarter on a positve note

South African equity markets showcase resilience as the FTSE/JSE Capped SWIX Index rises 3. 6% month-on-month and 5. 9% year-to-date, despite global market turmoil. Discover the standout performances in gold and platinum mining, and the challenges faced by local companies like Curro and MAS.

Business Report Markets
Peter Little|Published

‘We’ve seen markets reactions to a government without the DA,’ Steenhuisen warns of JSE losses linked to DA's exclusion from govt

Democratic Alliance leader John Steenhuisen highlights critical concerns from the business community regarding the party's exclusion from governance, warning that this has led to over R1 trillion in losses for the JSE.

News Politics
Simon Majadibodu|Published

Old Mutual's insights on US trade policies and economic headwinds

Global markets brace for US President Donald Trump's trade tariffs as Old Mutual's Siboniso Nxumalo and Meryl Pick analyse the economic headwinds and investment strategies for South Africa.

Business Report Markets
Philippa Larkin|Published

Rand on backfoot amidst global market jitters ahead of Trump's tariff salvo

The rand has weakened against the dollar as investors brace for US President Donald Trump's tariff announcements. What does this mean for South Africa's economy?

Business Report Markets
Philippa Larkin|Published

Renergen announces successful helium exports and increased LNG production

Renergen reports a 22% increase in LNG production and the successful export of its first helium shipment, while navigating legal challenges and preparing for a Nasdaq IPO.

Business Report Companies
Edward West|Published

AYO Technology reduces operating expenses, improves cashflow, signalling sustainability

AYO Technology Solutions, an ICT investment group, has reported a remarkable 62% reduction in operating losses for the year ending August 31, 2024, despite facing a 17% decline in revenue to R1. 9 billion.

Business Report Companies
Philippa Larkin|Published

Vukile Property Fund forecasts 6% dividend uplift amid strong growth

Vukile Property Fund announces a forecasted 6% dividend uplift following strong growth, driven by strategic acquisitions in Spain and Portugal, while maintaining a robust performance in South Africa

Business Report Companies
Edward West|Published

Standard Bank executives' remuneration increases and decreases: A detailed report

Discover how the remuneration of Standard Bank's top executives has changed in 2024, with insights into performance metrics and the impact of shareholder feedback on remuneration policies

Business Report Companies
Edward West|Published

Gold hits record highs while JSE thrives; Rand falters amid Trump’s tariffs - Chris Harmse

Gold reaches a record $3,085 as the JSE thrives, but the Rand faces pressure from Trump’s tariffs and a looming budget crisis. What does this mean for South African investors?

Business Report Opinion
Chris Harmse|Published

Bulls&Bears: South Africa’s telco sector: defensive, resilient, and emerging from a rough patch

Explore how South Africa's telecommunications sector is navigating economic challenges and emerging stronger, offering insights for investors and consumers alike.

Business Report Markets
Shmuel Simpson|Published

Tribunal issues reasons for blocking Vodacom’s R13. 2bn Maziv deal uver competition concerns

The Competition Tribunal has issued its reasons for prohibiting Vodacom from acquiring a stake in fibre company Maziv, citing significant anti-competitive effects that could harm South African consumers

Business Report Companies
Philippa Larkin|Published

Novus to urgently appeal regulator’s withdrawal of takeover approval for Mustek

Novus Holdings announces its urgent appeal against the Takeover Regulation Panel's withdrawal of approval for its mandatory offer to acquire Mustek Limited, highlighting concerns over shareholder impact and regulatory compliance.

Business Report Companies
Philippa Larkin|Published

MultiChoice warns of tough financial year ahead amid economic pressures

MultiChoice cautions that its financial results for the year ending March 31, 2025, may be adversely affected by ongoing economic challenges, including high inflation and currency depreciation, as household spending remains under pressure.

Business Report Companies
Philippa Larkin|Published

Labat Africa pivots further into technology with R2. 5bn royalty agreement

Labat Africa Group has announced a landmark R2. 5 billion royalty distribution agreement with Ubits Technology Solutions, marking a significant shift from cannabis investments to technology and AI

Business Report Companies
Edward West|Published

Pepkor to acquire Retailability stores in strategic expansion of adultwear market

Pepkor is set to acquire hundreds of stores from Retailability, including brands like Legit and Swagga, as part of its strategy to expand its market share in the adultwear sector. This acquisition is expected to enhance Pepkor's offerings and strengthen its position in the competitive retail landscape.

Business Report Companies
Edward West|Published