Latest News & Developments
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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.
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.
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.
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.
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
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.
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.
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.
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
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.
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.
‘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.
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.
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?
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.
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.
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
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
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?
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.
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
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.
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.
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
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.