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41-50 results from 150 for query «financials»

28 June 2016 3:47 AM Brexit fallout batters markets

BRITAIN’s decision to leave the EU sent new shock waves through the markets on Monday, with the pound falling to historic lows against the dollar, despite the country’s leaders’ attempts to ease political and economic turmoil unleashed by the move. The rand, JSE and other emerging markets took a hard knock with the all share closing down more than 3% and the rand losing 25

17 May 2016 9:47 AM Vodacom 'surprised' by 'Please Call Me' ruling

Speaking to ITWeb − after the group's financial year-end results presentation in Johannesburg yesterday − Vodacom CEO Shameel Joosub said negotiations with Kenneth Nkosana Makate "should start anytime now" to determine compensation for the ‘Please Call Me' idea. "The Constitutional Court overturned the decisions of both the Supreme Court and High Court 16

07 May 2016 9:15 AM Zuma commits to assisting SAA with challenges

President Jacob Zuma has committed to assist South African Airways (SAA) overcome the challenges the airline is facing. Zuma paid a visit to the state-owned airline’s headquarters on Friday as part of his monitoring programme. He held meetings with staff and the board in which he received reports about the performance of the company. “I'm pleased by the board 22

01 March 2016 10:49 PM Don’t panic: Barclays Africa, Absa are here to stay

But Barclays’ exit doesn’t send a positive message to foreign investors. JOHANNESBURG – Customers of Barclays Africa needn’t worry about the safety of their deposits following news that Barclays Plc will sell down its 62.3% interest in the African banking group to a non-controlling stake over the next two to three years. But while Barclays Africa is in safe hands 10

19 February 2016 11:09 AM JSE weaker as MTN suffers biggest one-day drop in 17 years

THE JSE was lower at midday on Friday as investors shunned MTN Group shares following its interim trading update. It plunged 19.34% to R123.97, the biggest one-day drop in 17 years. Just before the close of the JSE Sens service on Thursday, MTN told its shareholders that it expected a 20% decline in headline earnings per share (HEPS) due to a poor performance 9

27 January 2016 7:50 PM Apple set another sales record, but its stock is tanking. Here’s why

The world’s favourite smartphone maker still rakes in billions, but it’s struggling to deliver the momentum it once did Apple’s earnings this week were a classic case of good news, bad news. First, the good news: the company posted record first-quarter revenue of $75.9 billion (U.S.) and record quarterly net income of $18.4 billion. Now, the bad: iPhone 32 2

29 December 2015 5:42 PM Rand gains, stocks slump for second day straight

South Africa's rand made modest gains against the dollar on Tuesday in thin trade, pulling away from two-week lows as a recent bout of global risk aversion eased. Stocks declined for a second straight day as Anglo American and financials weighed on the Johannesburg Securities Exchange. By 1530 GMT the rand had firmed 0.2% to 15.2820 per dollar, inching 22

28 December 2015 6:58 AM Sadder, wiser markets emerge from wild ride

A relative sense of calm and stability has returned to South African markets near the end of what has been a roller-coaster ride for investors this month and, indeed, this year. The JSE All Share index is relatively flat in rand terms so far after a buoyant start to 2015. In dollar terms, the picture looks uglier after the benchmark dropped 24% because 38

11 December 2015 12:07 PM JSE slips to four-month low as investors turn hostile towards SA markets

The JSE took a thrashing at midday on Friday as investors punished local stocks amid negative sentiment towards the country. At 12pm‚ the all share was down 1.06% to a four-month low at 48‚465.40 points. The blue-chip top 40 index had shed 2.32%. Earlier in the session‚ the all share dropped more than 2%. Investors are exiting the South African market 15

10 December 2015 7:07 PM Rand hits record low after Nene booted

Johannesburg - South African assets suffered on Thursday in the wake of President Jacob Zuma's shock sacking of the finance minister, pushing the rand to an all-time low, bonds to their weakest since recession times and stocks lower. By 1545 GMT the rand had weakened 1.3 percent to 15.1650 per dollar, paring some losses after plunging more than 5 percent 12