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31-40 results from 150 for query «financials»

06 September 2016 6:37 PM MARKET WRAP: JSE closes flat despite positive GDP data

THE JSE closed flat on Tuesday as the market appeared unaffected by better-than-expected GDP growth data and as rand hedges lost ground on the stronger currency. The rand gained 2.5% against the dollar in its strongest one-day performance in more than a month after the South African economy grew a seasonally adjusted and annualised 3.3% in the second 15

02 September 2016 3:58 AM Myeni nominated for second SAA term

THE Treasury has put forward a list of potential candidates to make up the new permanent South African Airways (SAA) board, but it may just find it difficult to convince the potential incumbents to jump on board the crisis-ridden airline as some have declined or are hesitant about the nomination. Controversial board chair Dudu Myeni has been nominated 19

01 September 2016 4:29 AM Gupta grilling for Eskom bosses

Eskom faced a grilling from Parliament on Wednesday, in an open war that has drawn other state-owned entities (SOEs), including Denel, into a battle with Finance Minister Pravin Gordhan. This came after Eskom chief executive Brian Molefe and board chairman Ben Ngubane denied any underhanded tactics in giving the Guptas tenders to supply coal to Eskom 19

25 August 2016 3:20 PM No hope for SA universities, says Jansen

Outgoing University of the Free State vice chancellor‚ Professor Jonathan Jansen‚ said this with disconcerting confidence at a luncheon that he hosted at the Cape Town Club on Wednesday to discuss current events‚ prior to his departure for the US. Jansen said history would show that the turning point in the destruction of South African universities was when President 24

25 August 2016 9:31 AM JSE opens flat as banks recover from Gordhan fallout

THE JSE opened flat in early morning trade on Thursday as banks and financials recovered after a torrid session on Wednesday. Banks were under pressure on the weaker rand and foreign selling following the threat by the Hawks to arrest Finance Minister Pravin Gordhan. The banking index closed 5.13% down on Wednesday. Gordhan’s statement after the JSE’s 25

24 August 2016 4:29 PM MARKET WRAP: JSE firmer while rand wobbles on Gordhan summons

THE JSE closed firmer on Wednesday as the rand went into free fall following a demand, confirmed by him late on Tuesday, that Finance Minister Pravin Gordhan appear before the Hawks regarding the formation of a "rogue unit" at the South African Revenue Service when he was commissioner there. Gordhan said late on Wednesday that he would not present himself 21

24 August 2016 4:03 PM JSE closes higher as rand-hedge gains outweigh banking rout

THE JSE closed firmer on Wednesday on the weaker rand as the all share shrugged off softer emerging-market sentiment. The weaker rand supported rand hedges on the day, but banks, general retailers and property stocks were sharply lower. Platinum and gold shares also gained, despite commodity prices retreating on the day. The Turkish lira lost ground 29

22 August 2016 6:20 AM Hong Kong threat to block broke SAA

The standoff between President Jacob Zuma and the National Treasury over who should lead SAA is propelling the airline into an unprecedented crisis, with a major international destination threatening to ground all flights in the next two weeks. Hong Kong's registrar of companies has given the airline until September 6 to submit its annual financial statements 21

11 August 2016 10:09 PM Glencore cuts production, turn in prices helps

Should benefit from stronger commodity prices. Glencore’s half-year production figures, wherein output for most of its commodities was down, should not have come as surprise. The commodities trader closed a number of mines in response to a weaker price environment and had previously provided guidance figures stating that year-on-year production numbers 50

05 August 2016 6:51 AM Rand, stocks slip ahead of elections

Stocks slipped to an almost two-week low on Tuesday with financials among the biggest decliners on the index but gold mining companies kept the downside momentum in check.(SABC) South Africa's rand lost some ground against the US dollar on Tuesday with traders taking a cautious stance ahead of local government elections on Wednesday and global economic 21