Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «rand»

04 January 2019 8:44 AM Rand extends gains against dollar, JSE positive

The rand extended gains against the dollar on Friday morning, firming by almost 1%. On Thursday the local currency reversed earlier losses to the end the day over 1% stronger against the greenback as the dollar weakened. The rand opened Friday at 14.29/$ and was trading at 14.16/$ at 10:17. This is its best level since mid-December 2018. Bianca Botes 110

28 December 2018 9:55 AM Energy department confirms huge fuel price drop for January

The retail price of petrol (93 ULP & LRP) will go down by R1.22 per litre in January, the Department of Energy announced on Friday. Petrol (95 ULP & LRP) will decrease by R1.23 per litre, while diesel (0.05% sulphur) will go down by R1.53 per litre and diesel (0.005% sulphur) will decrease by R1.55 per litre. Over the same period the rand - on average 112

10 December 2018 6:00 AM Markets LIVE: Rand trudges through early morning trade

The sell-off in emerging markets is continuing to add pressure to the local currency, pushing it to R14.10/$ during international trading sessions, Bianca Botes of Peregrine Treasury Solutions noted in a market update. "The local unit has been prone to volatility caused by global geopolitical elements and specifically the trade war. "While non-farm payrolls 102

07 December 2018 3:57 PM JSE holds on to gains as in tentative trading

The JSE rebounded on Friday following consecutive sessions of losses due to negative global sentiment. Global markets were relatively tentative ahead of the release of the all-important Non-Farm Payrolls data out of the USA which was pencilled for release at 15:30. The number came in worse than expected as the US economy managed to add 155 000 jobs versus 172

05 December 2018 12:35 PM Eskom is said to propose moving debt to state, cutting jobs

The company’s executives outlined the proposal to move the debt onto the government’s balance sheet to bond investors in London this week, according to Sanchay Singla, a money manager at Legal & General who attended a meeting with them. The executives said they hadn’t formally raised the issue with Finance Minister Tito Mboweni or the National Treasury 104

03 December 2018 5:21 AM 'Eskom employee' caught driving at 162km/h to 'deal with load shedding'

Four people were arrested on Sunday for driving way over the speed limit in Ekurhuleni east of Johannesburg. One speedster claimed to be an Eskom employee who was "dealing with load shedding issues". The Ekurhuleni Metropolitan Police Department's High Speed Unit arrested the four on Sunday between 05:00 and 11:00 on the stretch of the N3 freeway southbound 64

02 December 2018 9:44 AM Petrol price to decrease by R1.84c per litre

South Africans will be paying R1.84c less for a litre of both grades 93 and 95 of petrol from Wednesday, according to the department of energy. Diesel will decrease by R1.45c and R1.47c, while illuminating paraffin will decrease R1.33c and R1.87c. Earlier in the month the Automobile Association had estimated that the price of petrol would decrease by R1.85 per litre 89

02 December 2018 7:49 AM Naspers CFO plans 'significant investments' in coming months

Naspers has its sights set on acquisitions as Africa’s largest company by market value targets “significant investments” for its $10bn cash pile in the next couple of months, Chief Financial Officer Basil Sgourdos said. “In the first half of this year we have done about $750m in deals, and there are some near-term opportunities coming up,” Sgourdos said by phone 98

30 November 2018 9:27 AM Blue Bulls confirm appointment of new CEO

Cape Town - The Blue Bulls Company have announced the appointment of Alfonso Carl Meyer as their new Chief Executive Officer. Meyer, who currently resides in Mossel Bay, will officially start in his new role on January 1, 2019. This will allow the Loftus debutant a one month overlap period with incumbent CEO Barend van Graan. Meyer spent 10 years between 73

30 November 2018 7:22 AM Markets LIVE: Tokyo stocks open flat, rand stable

Tokyo stocks opened flat on Friday as investors took wait-and-see attitudes ahead of a US-China summit during the G20 this weekend.The benchmark Nikkei 225 index was down just 0.01% or 2.19 points at 22 260.41 in early trade, while the broader Topix index was up 0.08% or 1.38 points at 1 660.85. "As investors step aside to wait for the US-China summit 95