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14:38 Top5 on Fin24: Zuma blasted into space, and SA schools unaware of uniform guidelines


16:53 SA CEOs lose more sleep over economic woes than global peers


09:00 PICS: An inside look at the $24m mansion a coffee company heir built


06:25 WATCH: Putting the squeeze on the wealthy



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  • JSE edges up slightly in cautious trade

    14 February 2018 6:05 PM 33

    Cape Town - The JSE edged up slightly in cautious trade on Wednesday, as the market waits in anticipation for President Jacob Zuma to resign by midnight or be removed by Parliament on Thursday in a vote of no confidence. The All-Share was up 0.33%, with the blue-chip Top 40 up 0.30%, industrials up by 0.80% and financials up 0.07%. This was countered

  • Exxaro CEO slams idea of Eskom's prepayment agreements

    14 February 2018 6:02 PM 30

    Cape Town – The idea that prepayment agreements for coal is common is misleading, says Exxaro CEO Mxolisi Mgojo. Mgojo testified before the portfolio committee on public enterprises when the Eskom inquiry resumed on Wednesday afternoon. In his opening remarks, Mgojo said that he would address the issue of how Eskom pushed the company out of the coal supply

  • Exxaro gains as Tronox sale prompts R4.5bn dividend

    14 February 2018 8:57 AM 33

    Exxaro raised about $474m after selling 22.4 million Tronox class A shares in October, leaving it with about 24% of the US company’s total voting shares. The coal miner considered issues including growth prospects, future capital commitments and debt repayment when deciding how to use the proceeds of the sale, it said in a statement on Tuesday. “Following

  • #Budget2018: Make your opinion count

    14 February 2018 8:22 AM 29

    Cape Town - Finance Minister Malusi Gigaba is set to deliver his maiden Budget Speech on February 21, amid a backdrop of political uncertainty and an economy showing little sign of growth. If you had the ear of the highest in the land, what would you want National Treasury to look at when South Africa's budget is tabled before Parliament? Do you have any ideas

  • Gupta-linked Bank of Baroda pulling out of SA

    12 February 2018 10:41 AM 36

    Cape Town - Gupta-linked bank the Bank of Baroda has notified the Office of the Registrar of Banks of its exit from South Africa. The South African Reserve Bank (SARB) said in a statement on Monday its registrar is in discussions with the Bank of Baroda to ensure its orderly withdrawal from South Africa so that no depositor is disadvantaged. A SARB fine of R11m in June last year suggested

  • SARB to honour Mandela's centenary with commemorative notes

    11 February 2018 1:05 PM 36

    Cape Town – The South African Reserve Bank (SARB) will launch commemorative banknotes to honour Nelson Mandela’s centenary, it said in a statement on Sunday. Commemorative notes will be made for all existing banknotes, in addition to a new R5 coin which will be circulated by the South African Mint. The commemorative banknotes are expected to be circulated

  • OPEC's oil price nightmare is already coming true – Gadfly

    11 February 2018 12:00 PM 46

    New York - The latest surge in US oil output will probably hasten the country's rise to the top of the producer pile. More important, it's starting to look as though at least half of OPEC's (Organisation of the Petroleum Exporting Countries) nightmare scenario for 2018, a surge in shale output and slowdown in demand growth, is coming true. Last week's

  • Wiese cuts stake in retailer Steinhoff to 6%

    11 February 2018 10:54 AM 41

    Johannesburg – Christo Wiese, the former chairman of Steinhoff International Holdings [JSE:SNH], has slashed his stake in the retailer to 6.2%, a move that may mean one of South Africa’s richest men is no longer the company’s biggest shareholder. Wiese reduced his shares in Steinhoff, which is dealing with accounting irregularities, from 21%, according

  • Platinum industry wants a coin

    11 February 2018 5:07 AM 32

    Johannesburg - The major platinum miners remain keen on introducing a platinum investment coin as a means to boost demand for the metal, despite resistance from the SA Reserve Bank (SARB). At the Mining Indaba this week, Impala Platinum CEO Nico Muller said during a panel discussion that the members of the World Platinum Investment Council (WPIC) remained

  • Careers24 reaches 3 million candidate milestone

    09 February 2018 8:00 PM 18

    “This is a massive milestone for us and an honour to be trusted by so many people who are on their job search journey. I believe a big part of our success is the platform’s user-friendly interface and its ability to match candidates with the right job,” said Marc Privett, head of product and customer insights at Careers24. It is not only new job seekers