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18:48 Top 5 on Fin24: Coming soon to your ATM: Commemorative Randelas, how VBS allegedly dealt with ‘R1.5bn fraud’ and SA business remains unreformed

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19:31 Top 5 on Fin24: How SA's broadband speed really stacks up against other countries, ABSA reboots image and SA's saving habits

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  • Trade Wars: China to import less soy first time since 2004

    14 July 2018 10:46 AM 23

    China has been gobbling up the world’s soybeans at breakneck speed over the past decade. But as the trade spat with the US escalates, its imports of the oilseed are set to decline for the first time in 15 years. China will bring in 95 million metric tons of soybeans in the 2018-2019 season, the US Department of Agriculture (USDA) said on Thursday in its monthly

  • Top 5 on Fin24: Coming soon to your ATM: Commemorative Randelas, how VBS allegedly dealt with ‘R1.5bn fraud’ and SA business remains unreformed

    13 July 2018 6:48 PM 147

    Cape Town - A roundup of Friday's top economic and finance reads on Fin24. South Africans withdrawing money from ATMs may be in for a pleasant surprise - a souvenir of former President Nelson Mandela, who was born 100 years ago this month. The South African Reserve Bank has started stocking ATMs with commemorative bank notes in remembrance of the late Madiba

  • Steinhoff proceeding with sale of Austrian subsidiary Kika-Leiner

    13 July 2018 6:02 PM 28

    Steinhoff announced on Friday afternoon that following the go-ahead from the competition authorities, it had completed the sale of the Austrian operating company of furniture retailer Kika-Leiner. The sale of the Kika-Leiner operating companies in the Czech Republic and Slovakia remains conditional upon merger clearance being received from their respective

  • Erin Energy CEO, other top leaders resign

    13 July 2018 1:42 PM 32

    Three months after it filed for bankruptcy, the top leadership of JSE-listed Erin Energy has resigned, including its Chief Executive Officer Femi Ayoade. The Houston-based energy company is dual-listed on the New York Stock Exchange and the local bourse. In a short statement on Friday afternoon, Erin Energy said its board has accepted the resignations

  • Coming soon to your ATM: Commemorative Randelas that depict Madiba's life

    13 July 2018 12:46 PM 97

    South Africans withdrawing money from ATMs may be in for a pleasant surprise - a souvenir of former President Nelson Mandela, who was born 100 years ago this month. The South African Reserve Bank has started stocking ATMs with commemorative bank notes in remembrance of the late Madiba, South Africa's first democratically elected president. Each note will reflect

  • Rand almost 2% stronger to dollar

    12 July 2018 4:22 PM 32

    The rand was almost 2% stronger by late afternoon trade - up 1.96% to trade at R13.28/$ by 17:45. During the morning, the rand had gained 0.55% against the dollar, showing some resilience despite ongoing international trade tensions between the US and China over tariffs. By 12:31, the local currency was trading at R13:46/$, after opening at R13.54 to the greenback

  • Public servants quit, cash out pension and then return, report finds

    12 July 2018 5:43 AM 31

    Public servants are resigning to cash out their pensions only to rejoin the public service, according to a report by the public service commission. The commission on Wednesday released its report on efficiency and effectiveness in the public service for the period between January 1 and March 31, 2018. It observed a "lack of control" of resignations by public

  • Top 5 on Fin24: How SA's broadband speed really stacks up against other countries, ABSA reboots image and SA's saving habits

    11 July 2018 7:31 PM 71

    Cape Town - A roundup of Wednesday's top economic and finance reads on Fin24. South Africans are adopting better financial habits and saving, but their savings aren’t catering for long term goals, research has revealed. According to the Old Mutual Savings and Investment Monitor which tracks financial attitudes and behaviour of SA’s working metro population

  • INFOGRAPHIC: How SA's broadband speed really stacks up against other countries

    11 July 2018 12:24 PM 29

    The results are in – South Africa came 76th out of 200 countries in the worldwide broadband speed league 2018. It jumped up four places from its 2017 ranking, which was 80th out of 186 countries. Based on over 163 million speed tests, carried out over 12 months, the speed league ranks countries across the world for their broadband speed. Among African

  • Criticise us, but give us a chance, SAA CEO implores South Africans

    11 July 2018 11:32 AM 25

    It is very important that South Africans give the new board and management at South African Airways (SAA) the opportunity to turn the national airline around financially, CEO Vuyani Jarana told Fin24 on Wednesday. "South Africans must support the airline. I can only shape its future, since I was not involved with what happened at the airline in the past. Yet there