Finances

SAnews.biz


 

South African The Foschini Group plucks Retail Apparel

The Australian - 18 minutes ago
We are excited to be partnering with The Foschini Group, a pre-eminent retailer in South Africa, UK and Australia, and we look forward to further expanding and enhancing our offering with their support,'' Mr Novis said. The Foschini Group currently...

International business weighs on Tiger Brands

Business Day (registration) - 51 minutes ago
The company said a strong domestic performance was partially diluted by "tough trading conditions in exports" and its international business, coupled with a "decline in income from associates". Group turnover from continuing operations increased 7% to ...and...

Business Unusual

Independent Online - 1 hour ago
From the South African cabinet reshuffle to the outcome of the US elections and Brexit, the “shocks” we have witnessed say more about our own arrogance, complacency and blinkered vision than about them being unexpected events. This is because we...

South Africa's Tiger Brands H1 profit rises over 6 pct

Reuters Africa - 1 hour ago
JOHANNESBURG May 25 (Reuters) - South African consumer goods maker Tiger Brands said on Thursday half-year earnings rose 6.3 percent, buoyed by the grains division in its home market, but flagged a slowdown in the second half. Headline earnings ...and...

Inflation drop may mean cheaper interest

Independent Online - 1 hour ago
Johannesburg - South Africa's consumer price inflation for April fell within the South African Reserve Bank's targeted 3 to 6 percent range for the first time since August last year, brightening the prospects of a rate cut later this year as some ...and...

Net1 Founder to Retire After South African Welfare Controversy

Bloomberg - 2 hours ago
Net1 won a contract in 2012 to distribute welfare in South Africa. Two years later the country's Constitutional Court ruled the contract invalid and instructed the South African Social Security Agency to find a new provider. When it failed to do so by ...and...

Africa Needs To Encourage Entrepreneurship

Huffington Post South Africa (blog) - 2 hours ago
The success and execution of these policies has hit a ceiling due to inadequate technical and business management skills; lack of experienced mentoring of entrepreneurs; barriers to business entry, and lack of access to finance. South African economic ...and...

Baxter's salary is 'no one's business'

Times LIVE - 2 hours ago
Newly appointed Bafana Bafana head coach Stuart Baxter (L) shakes hands with SA Football Association (SAFA) Danny Jordaan a press conference at SAFA House on May 15, 2017 in Johannesburg, South Africa. Image by: Lee Warren/Gallo Images ...and...

Morgan ton sets up England win over South Africa

Business Standard - 2 hours ago
England captain Eoin Morgan's fine century laid the platform for a 72-run win over South Africa in the day/night first one-day international at Headingley on Thursday. Victory over the Proteas, the world's number-one ranked ODI side, gave England a ...and...

South Africa's competitive advantage in the developing world ...

Brand South Africa (press release) (registration) (blog) - 4 hours ago
South Africa's approach to policy sets a benchmark for developing countries, writes Miller Matola, Brand SA CEO.and...

News via Google. See more news matching 'Business South Africa'


 

Net1 Founder to Quit After South African Welfare Controversy

BloombergQuint - 56 minutes ago
(Bloomberg) -- Net1 UEPS Technologies Inc.'s founder and chief executive officer, Serge Belamant, will retire early after a storm of controversy over a contract it holds in South Africa to distribute billions of dollars of welfare payments to 17 ...and...

Africa remains world's second-fastest growing region

Lusaka Times - 3 hours ago
In 2016, Africa as a whole maintained its position as the world's second-fastest growing economies behind South Asia, according to data released during the Financial Presentation at the African Development Bank Group's Annual Meetings, which entered ...and...

Debt soars

News24 - 3 hours ago
South Africa's debt has grown substantially since the financial crisis of 2008 as a result of low economic growth and rising demands on government finances, according to Finance Minister Malusi Gigaba. Delivering his maiden budget speech in Parliament ...and...

South Africa | Tsogo Sun gaming weakened after ouster of Finance ...

Macau Daily Times - 7 hours ago
Tsogo Sun Holdings Ltd. said its South African casino business suffered last month as the firing of Finance Minister Pravin Gordhan weakened consumer ...and...

SAA seeks Zuma intervention to release blocked African funds

ch-aviation - 4 hours ago
A South African parliamentary committee will consider asking President Jacob Zuma to engage with his counterparts in Angola, Nigeria, Senegal and Zimbabwe concerning South African Airways (SA, Johannesburg O.R. Tambo) cash which is trapped in ...and...

State must nationalise all private banks

EFF - 11 hours ago
The financial sector is one of the most important components of South Africa's economy, and one which should be transformed to facilitate meaningful economic participate by the majority of black people particularly poor, unemployed and women. Ownership ...and...

Gigaba has dropped 'radical' from his economic transformation. Here's why

News24 - 15 hours ago
But in the National Treasury budget vote speech, which outlines the department's plans for the next financial year, Finance Minister Malusi Gigaba notably did not mention the word “radical” at all – just “economic transformation”. ... “Economic...

Tanzania struggles to get bonds to finance standard gauge railway

africanews - 17 hours ago
Tanzania's president John Pombe Magufuli has been lobbying heads of states and other countries overseas like Chine to get financial assistance. He recently reached out to South Africa's president Jacob Zuma to help Dar-Es-Salaam secure a low interest ...and...

IDC approves R218m loan for development of Free State gas project

Creamer Media's Mining Weekly - 17 hours ago
South Africa's State-owned Industrial Development Corporation (IDC) has approved R218-million in loan finance to support the further development of a natural gas resource in the Free State through the creation of a 107-km pipeline network and ...and...

International Finance Corporation partners with AfDB

New Business Ethiopia - 18 hours ago
Over the past decade, the number of women entrepreneurs in Africa has grown steadily. Whether in steel manufacturing companies in South Africa, textile and clothing designers in Ethiopia, high-tech developers in East Africa or cocoa agro-processing ...and...

News via Google. See more news matching 'Finance South Africa'


Banco Santander, S.A. (SAN) Rating Lowered to Neutral at Citigroup Inc

The Cerbat Gem - 4 hours ago
Banco Santander, S.A. (NYSE:SAN) was downgraded by Citigroup Inc from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, April 25th. SAN has been ... Banco Santander, SA is a retail and commercial bank.and...

Banco Santander, S.A. (SAN) Position Cut by Aull & Monroe Investment Management Corp

The Cerbat Gem - 5 hours ago
Aull & Monroe Investment Management Corp cut its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,004 ...and...

The BNP Paribas SA (BNPQY) Stock Rating Upgraded by Zacks Investment Research

BangaloreWeekly - 5 hours ago
BNP Paribas SA (NASDAQ:BNPQY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday, May 4th. According to Zacks, “BNP PARIBAS is a European leader in global banking and ...and...

Banco Santander, S.A. (SAN) Declares Quarterly Dividend of $0.06

Sports Perspectives - 6 hours ago
Banco Santander, logo Banco Santander, S.A. (NYSE:SAN) announced a quarterly dividend on Wednesday, April 19th. Stockholders of record on Friday, April 28th will be paid a dividend of 0.0588 per share by the bank on Friday, May 12th. This represents a ...and...

The Analysts Set Banco Santander, SA (SAN) PT at $6.75

BangaloreWeekly - 10 hours ago
About Banco Santander, Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the ...and...

Banking for the unbanked: FNB leads the way

www.sagoodnews.co.za - 21 hours ago
Johannesburg; 24 May 2017; FNB has become the first bank in South Africa to introduce a non-cash dispensing ATM with deposit capability. These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking ...and...

Sociedad Quimica y Minera S.A (SQM) Had Its TP Raised by Professional Analysts at Deutsche Bank to $38.00; 12 ...

High Point Observer - 21 hours ago
Among 7 analysts covering Sociedad Quimica y Minera de Chile (NYSE:SQM), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Sociedad Quimica y Minera de Chile has $38 highest and $17 lowest target. $24.20's average target is -31.79% ...and...

Bank of Montreal Can Raises Stake in Banco Santander, S.A. (SAN)

Chaffey Breeze - 1 day ago
Banco Santander, logo Bank of Montreal Can increased its stake in Banco Santander, S.A. (NYSE:SAN) by 30.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 809,785 shares of the ...and...

Banco Santander, S.A. (SAN) Shares Bought by Todd Asset Management LLC

Sports Perspectives - 2 days ago
Todd Asset Management LLC boosted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 61.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,467,646 shares of the bank's stock ...and...

Bargain bank stocks grab investor interest

eNCA - 2 days ago
The market appeared overly pessimistic about the effect that the downturn in SA would have on banks' asset quality, said Jaap Meijer, MD of research at Arqaam Capital. “Valuations of most of SA's banking stocks imply structurally higher badloan...

News via Google. See more news matching 'SA Banks'


King IV: JSE Listings Requirements update and implementation dates announced

Lexology (registration) - 17 hours ago
On 22 May 2017, the Johannesburg Stock Exchange (“JSE”) announced that it has made amendments to the JSE Listings Requirements in relation to the adoption of the King IV Report on Corporate Governance and other governance...

Master Plastics lists on Joburg stock exchange

Caj News Africa - 21 hours ago
JOHANNESBURG, (CAJ News) – MASTER Plastics has listed on the Johannesburg Stock Exchange (JSE), becoming the sixth company to list on the Containers and Packaging sector. Its listing on the AltX (alternative public equity exchange) board follows ...and...

New listings out do Sanlam

Independent Online - 21 hours ago
Sanlam's unimpressive debut on the Johannesburg Stock Exchange (JSE) this week contrasts with several other listings where the shares are already trading at a very large premium to their issue price, Craig Macdonald, a director of New Listings, says.and...

Sanlam ship still listing at its moorings

Independent Online - 21 hours ago
But the festive season lull on the JSE often provides the perfect backdrop for a corporate raid, and Sanlam's a sitting duck for any cash flush institution prepared for a longer term view. I wouldn't recommend piling into the shares just yet, but if ...and...

Malbak shares a 'steal' right now

Independent Online - 21 hours ago
On the surface Malbak, the recently formed packaging arm of the Rembrandt Group, must rank as one of the blander investment options on the Johannesburg Stock Exchange (JSE). But then again one should always scratch the surface especially...

News via Google. See more news matching 'JSE stock exchange'