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Rand stronger, gold hits new high as Trump Fed fears keep global markets under pressure
With gold prices hitting an all-time high and the rand showing resilience, how are global markets reacting to Trump's Federal Reserve fears?
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.
Rand on front foot following bloodbath week, but global stocks sag as trade war hangover persists
The South African rand steadied on Friday after a turbulent week, trading at R19. 28 as global markets struggled. This stability follows US President Donald Trump's pause on 'Liberation Day' tariffs.
The week Trump pushed the global economy to the brink with tariffs — and then pulled back
US President Donald Trump’s retreat on tariffs Wednesday sent the stock market soaring.
China sticks to its guns as fresh US tariff threat pushes tensions to the brink
China has vowed to 'fight to the end' against escalating US tariffs as tensions mount between the world's two largest economies. With potential US duties on Chinese goods reaching 104% by Wednesday, President Xi Jinping faces mounting pressure to respond while Chinese exporters brace for significant disruption to global supply chains.
Global equity markets are markets are tanking: now what?
Global markets are experiencing their steepest decline since COVID-19 after Trump's tariff announcements. Investment experts Peter Armitage and Peter Little analyze the 20% market drop and provide strategic guidance for investors navigating this period of extreme volatility.
Middle East stock markets plummet amid US tariffs and falling oil prices
Middle East stock markets are tumbling as they struggle with the dual hit of U. S. tariffs and a sharp decline in oil prices. That's squeezing energy-producing nations that rely on those sales to power their economies and government spending.
Defiant Donald Trump dismisses stock market's tariff plunge
Markets extended a global selloff on April 4 as countries around the world reeled from US President Donald Trump's trade war, but the White House insisted the American economy will emerge victorious. Shock waves tore through markets in the United States, Europe and Asia after Trump's tariff bombshell, as foreign leaders signalled readiness to negotiate but also threatened counter-tariffs.
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?
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.
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?
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.
Datatec reports strong trading update with 6% gross profit growth expected
Shares in Datatec, the JSE-listed ICT company, rose 2. 38% following a trading update that forecasts a 6% increase in gross profit for FY25, driven by strong demand for technology solutions.
Oceana sees mixed financial results amid global pricing shifts
Discover how Oceana's latest trading update reveals significant shifts in financial performance and what it means for the future of the fishing industry.
Ulrik Bengtsson appointed as new CEO of Sun International, succeeding Anthony Leeming
Ulrik Bengtsson is set to take the helm at Sun International as CEO, succeeding Anthony Leeming, who retires after 26 years with the company. This transition marks a significant moment for the hospitality and gaming group as it continues to navigate the evolving landscape of online gambling
Alexforbes strengthens investment team with new chief investment officers
Alexforbes, a leading JSE-listed financial services group, has announced a strategic boost to its investment team, appointing experienced chief investment officers to enhance its offerings across institutional, retail, and private markets. This move aims to deliver superior client outcomes and reinforce its position as a top investment destination.
Understanding the MPC's decision to maintain the repo rate - Chris Harmse
Discover why the SA Reserve Bank's MPC surprised economists by keeping the repo rate unchanged despite low inflation.
Investec expects modest profit growth despite economic challenges
Investec anticipates modest profit growth for FY2025, despite a challenging economic climate, while headline earnings per share may decline by up to 8%.
IDC launches R2bn sustainability bond amid strong investor demand
The Industrial Development Corporation's R2. 046 billion sustainability bond sets a new benchmark for green financing in South Africa, attracting significant investor interest and supporting vital renewable energy projects.
New FNB's eBucks partnership offers greater savings at Pick n Pay
Pick n Pay is set to enhance customer benefits through its partnership with FNB's eBucks programme, expanding eligibility from 1. 4 million to 6. 4 million customers starting April 1
Online gambling revs Sun International's results as CEO says US-SA tensions will affect tourism
Sun International reports impressive 2024 results driven by its online gambling platform, Sunbet, while CEO Anthony Leeming warns that strained US-South African relations may impact tourism, particularly in Cape Town
SA's big banks post modest 5. 9% earnings in 2024 amid economic headwinds - PwC
South Africa's major banks demonstrated resilience in 2024, posting a 5. 9% increase in combined headline earnings to R119 billion, despite challenging economic conditions. The Big Four banks maintained strong capital positions and saw improvements in credit loss ratios, while advancing their digital transformation initiatives
Market cheers Thungela Resources's robust 2024 results despite coal market challenges
Thungela Resources exceeds production expectations in 2024, with CEO July Ndlovu highlighting a significant turnaround in South African output and a positive market response to strong financial results.