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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


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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  • Discovery's profits point to 'competitive advantage', not market failure

    06 July 2018 5:35 PM 32

    Discovery Health's profitability is a result of its competitive advantage, not a market advantage, says its CEO, Jonathan Broomberg. The company has issued a statement on the Health Market Inquiry's findings, which were released on Thursday after four years. The inquiry began in 2014 as a result of increasing prices in the private healthcare sector

  • Grindrod seeks to social retain grant customers with cheap accounts

    06 July 2018 5:31 PM 24

    Grindrod is seeking to retain as many as possible of the 5.4 million bank accounts it's set to lose following South Africa’s decision to appoint a new distributor of welfare grants, tempting recipients with affordable banking services such as EasyPay. Government has asked the Post Office to handle more than $10 billion of annual social security payments

  • Eskom, McKinsey settle over R1bn fee

    06 July 2018 3:53 PM 33

    McKinsey, Eskom and the Asset Forfeiture Unit (AFU) have reached a settlement regarding the controversial fee McKinsey earned from Eskom, the company has said. The settlement enables McKinsey to voluntarily return its fees for the 2016 Turnaround Programme, the management consulting firm said in a statement late on Friday afternoon. In June, it was reported

  • Copper's collapse tops $1 000 as Trump picks fight with China

    06 July 2018 11:03 AM 38

    Copper’s flashing a powerful warning about expectations for economic growth after US President Donald Trump chose to embark on a major escalation of his administration’s global trade war, imposing tariffs on $34bn of imports from China, which vowed to respond in kind. The metal has lost more than $1 000 since closing at a four-year high of $7 332 a metric

  • VAT, fuel price hikes: Ramaphosa gives ministers 2 weeks for plan to ease consumer pain

    06 July 2018 10:28 AM 34

    Government will in two weeks’ time announce a package of economic measures to cushion the public from the crippling effects of high fuel price hikes and the VAT increase, President Cyril Ramaphosa said on Friday. Addressing business and government leaders in Pretoria ahead of the BRICS Summit later this month, Ramaphosa said a panel made up of various

  • Elon Musk’s team in talks with Thai officials to help with cave rescue

    05 July 2018 7:37 PM 28

    Representatives for Elon Musk are in talks with Thai authorities about aiding in the rescue of a boys’ soccer team stuck in a cave, said a spokesperson for the billionaire. Musk’s companies could help by trying to locate the boys’ precise location using Space Exploration Technologies Corp. or Boring Co. technology, pumping water or providing heavy-duty

  • Rand steady as US celebrates Fourth of July

    04 July 2018 12:42 PM 32

    The rand was steady against the dollar on Wednesday, after opening at R13.67 to the greenback. "We expect a quiet day in the forex markets Wednesday as the US celebrates Independence Day," said Bianca Botes of Peregrine Treasury Solutions. At 14:35, the local currency was changing hands at R13.71, 0.3% weaker on the day. Andre Botha from TreasuryONE

  • JSE closes firmer after muted start

    03 July 2018 4:08 PM 41

    The JSE closed firmer on Tuesday following a flat trading session in which the index struggled to find a catalyst for direction. Local equities got off to a slow start after a mixed trading session in Asian markets. In Europe, shares were lifted following the agreement between Angela Merkel’s conservative party over a dispute concerning migration. The migration

  • S&P raises Capitec, African Bank's national rating

    03 July 2018 11:03 AM 31

    Standard and Poor’s has raised African Bank and Capitec's national scale credit rating after revising its mapping table for South Africa and financial institutions, the global ratings agency said on Tuesday. S&P raised African Bank's rating from zaBBB to zaA-, and Capitec's from zaAA- to zaAA. The ratings agency kept African Bank’s short term national

  • IN FULL: 'We will go all the way' to fight 'unfair' SARS Commission – Moyane lawyer

    02 July 2018 5:21 PM 103

    Suspended SARS Commissioner Tom Moyane’s first step in his fight against the SARS Commission of Inquiry has been shot down by retired Judge Robert Nugent in a scathing ruling delivered on Monday. It came as no surprise, according to Moyane’s attorney Eric Mabuza, when Judge Nugent refused to grant rulings sought by Moyane in Friday's submissions, made by Advocate