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Today’s Top 8 Business Stories – 20 September

  1) South African Central Bank Holds Rate as Fiscal Risks Loom South Africa’s central bank kept its benchmark interest rate unchanged and may only continue its easing when uncertainties about government finances and the nation’s credit ratings have been cleared up. The Monetary Policy Committee voted unanimously to maintain the repurchase rate at 6.5%, […]

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Today’s Top 8 Business Stories – 10 September

  1) Platinum Giants Seek Mediation After Union Declares Dispute Anglo American Platinum Ltd. and Sibanye Gold Ltd. will seek mediation to break the deadlock in wage negotiations with South Africa’s largest platinum-mining labor union. The producers said they will try to resolve the standoff internally, rather than apply to the nation’s Commission for Conciliation, […]

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Today’s Top 8 Business Stories – 9 September

By Asset Management 1) Old Mutual Again Blocks Its CEO From Getting Back to Work Old Mutual Ltd. directors barred Peter Moyo from resuming his duties as chief executive officer, opening a new round in their bitter feud. The 56-year-old, accompanied by his lawyer, arrived at the company’s headquarters by 8:30 a.m. dressed in a […]

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Today’s Top 8 Business Stories – 6 September

By Asset Management 1) Robert Mugabe, Zimbabwe’s Hero Who Turned Villain, Dies at 95 Robert Mugabe, who ruled Zimbabwe for 37 years and plunged the southern African nation into political and economic chaos as he violently clung to power, has died. He was 95. “It’s with the utmost sadness that I announce the passing” of Mugabe, […]

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Today’s Top 8 Business Stories – 4 September

By Asset Management 1) MTN, Shoprite Bear Brunt of Backlash to South African Xenophobia Mobile-phone giant MTN Group Ltd. and grocer Shoprite Holdings Ltd. are among South African firms facing a backlash to xenophobic violence in their home country. Shoprite stores were attacked in at least one area of Nigeria’s commercial capital, Lagos, according to […]

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Today’s Top 8 Business Stories – 3 September

1) South Africa Dodges Recession as Growth Recovers From Power Cuts South Africa averted a second recession in as many years after economic growth rebounded in the second quarter. The economy grew an annualized 3.1% in the three months through June, compared with a revised 3.1% contraction in the first quarter, Statistics South Africa said […]

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Today’s Top 8 Business Stories – 2 September

By Asset Management 1) ‘Too Big to Fail’ Makes Eskom Debt a Good Bet in Low-Yield World South Africa’s pledge not to let Eskom Holdings SOC Ltd. fail is enticing yield-starved investors to the company’s dollar debt. Bondholders from New York to Seoul say they’re happy to hold onto the power company’s securities — and […]

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Today’s Top 8 Business Stories – 23 August

By Asset Management 1) Naspers Says It Has Enough Votes to Proceed With Prosus Listing Naspers Ltd. has received enough votes from shareholders to proceed with a listing of international assets including a stake in China’s Tencent Holdings Ltd. in Amsterdam next month. Africa’s largest company by market value needed support from at least 75% […]

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Today’s Top 8 Business Stories – 22 August

By Asset Management 1) South Africa to Seek Budget Spending Cuts as Debt Climbs South Africa is seeking to cut government budgets as it moves to contain debt after promising billions of rands to rescue its power utility and a weak economy damps tax collection. The National Treasury has asked departments to prepare proposals on […]

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China’s stimulus Explained (2019)

What is the word on China’s stimulus? As mentioned before, from what we’ve seen so far, there have been no real stimulus, except for a slight increase in total social finance early in the year, after last year’s tightening. Initially as China’s economy continues to improve the need for stimulus have fallen away, in fact […]

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Top Overnight Stories You Should Know in South Africa.

View all JSE Listed Shares Prices and Indices  1) Stocks Rally on Fed Signals; Treasury Yields Dip Stocks in Asia rose after Federal Reserve Chairman Jerome Powell signalled an openness to interest-rate cuts, giving a boost to risk appetite that remains fragile amid trade-war tensions. Treasury yields gave back some of Tuesday’s rise. Japan led […]

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SA STOCKS THAT’LL BENEFIT FROM AN ANC VICTORY IN THE UPCOMING POLLS

The Swiss-based global firm UBS AG through its Johannesburg branch, recently listed a basket of 20 stocks that investors should focus on ahead of the 2019 elections on 8 May. Assuming the ruling party achieves a 55-60% win on the day, UBS AG predicts the market will rally in supporting South African assets. Aveshen Pillay, […]

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