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Welcome, Business Insider South Africa

Business Insider Australia - 4 minutes ago
Business Insider's rapid global expansion continues with the launch of a South African edition. Business Insider South Africa went live on Friday, February 23rd, in partnership with Media24, the largest media company in Africa. Spread across ...and...

South Africa's NUM union says members not paid at Gupta-owned Optimum mine

Business Standard - 20 minutes ago
South Africa's main commercial banks have cut all ties with the Guptas, citing reputational risk. NUM spokesman Livhuwani Mammburu said the union's members were concerned the nonpayment of salaries was linked to the Baroda pullout as it was the last ...and...

Unpacking the latest tax hikes in South Africa

African Independent - 28 minutes ago
South Africa's 2018 budget seemed to be all about tax hikes. The most significant was the first increase in Value Added Tax (VAT) since 1993 from 14% to 15%. Sibonelo Radebe asked Muneer Hassan to make sense of the tax increases. What is your general ...and...

South Africa: The Ministers Who Should Go In Ramaphosa's Cabinet Reshuffle

AllAfrica.com - 56 minutes ago
President Cyril Ramaphosa will soon make an announcement of a Cabinet reshuffle, after asking the opposition to be patient and give him time to apply his mind. Here are a few suggestions of heads that need to roll sooner, rather than later. Bathebile ...and...

The Gupta empire is crumbling‚ says OUTA

Times LIVE - 1 hour ago
The once-powerful Gupta empire is collapsing‚ with at least eight businesses filing for business rescue‚ the Organisation Undoing Tax Abuse said on Friday. “It was inevitable that the empire would implode. South Africans are fierce defenders of justice ...and...

REVEALED: More Gupta-owned companies apply for business rescue

News24 - 2 hours ago
By taking a resolution to go into business rescue, the management of the companies effectively secure the means to appoint the business rescue practitioner of their choice. Their identity has not yet been confirmed. Bank of Baroda, which suddenly ...and...

UPDATE 2-South Africa's NUM union says members not paid at Gupta-owned Optimum mine

Reuters - 2 hours ago
JOHANNESBURG, Feb 23 (Reuters) - South Africa's National Union of Mineworkers (NUM) said on Friday its members had not been paid on time at the Optimum coal mine, owned by the Gupta family, and would not return to work at the operation which has ...and...

How South Africa's Cleaning House After Zuma Eviction: QuickTake

Bloomberg - 3 hours ago
Even before South African President Jacob Zuma quit under pressure on Feb. 14, having dragged the country through a succession of graft scandals during his almost nine-year tenure, prosecutors were already going after people in his circle. Among the ...and...

UPDATE 1-South Africa's anti-graft watchdog says minister misled parliament

Reuters Africa - 3 hours ago
JOHANNESBURG, Feb 23 (Reuters) - A South African minister inadvertently misled parliament when she said a local consultancy firm linked to business friends of former President Jacob Zuma had no contracts with state power utility Eskom, an anti-graft ...and...

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South Africa: The Ministers Who Should Go In Ramaphosa's Cabinet Reshuffle

AllAfrica.com - 56 minutes ago
Des Van Rooyen was appointed finance minister for a few hours by former president Jacob Zuma. After a huge public outcry and the markets taking a knock, he was replaced by former finance minister Pravin Gordhan. He first denied, and then admitted that ...and...

Eskom Remains a Key Risk to South Africa's Finances, Fitch Says

BloombergQuint - 1 hour ago
(Bloomberg) -- South Africa's power utility remains a major risk to the nation's fiscal targets even as this week's budget reverses some of the deterioration in the country's finances, Fitch Ratings Ltd. said. Eskom Holdings SOC Ltd.'s “medium-term ...and...

How South Africa's Cleaning House After Zuma Eviction: QuickTake

Bloomberg - 3 hours ago
Even before South African President Jacob Zuma quit under pressure on Feb. 14, having dragged the country through a succession of graft scandals during his almost nine-year tenure, prosecutors were already going after people in his circle. Among the ...and...

UPDATE 1-South Africa's anti-graft watchdog says minister misled parliament

Reuters Africa - 3 hours ago
She said the information was signed off by Anoj Singh, former Eskom chief financial officer on behalf of the utility's CEO. Brown said Singh had told her that no payments were made to Trillian, a consultancy linked to the Gupta family. Brown said when ...and...

Gigaba the biggest enabler of state capture

Bonang Mohale - 5 hours ago
Cape Town – Current Finance Minister Malusi Gigaba is the “biggest enabler” of state capture, according to Business Leadership South Africa CEO Bonang Mohale. Mohale was speaking at the launch of Business Insider South Africa on Friday, where he ...and...

Farmers relieved as Gigaba extends lifeline to water, agriculture

Fin24 - 6 hours ago
FINANCE Minister Malusi Gigaba has given South Africa's drought-stricken agriculture sector a lifeline thanks to billions of rand that will be injected into water infrastructure, drought relief, support for emerging black farmers as well as land reform ...and...

OPINION: 4AX geared to be Africa's Nasdaq?

Independent Online - 6 hours ago
CAPE TOWN - Which of South Africa's new exchanges will be South Africa's version of the US Nasdaq composite, an index which is heavily weighted towards information technology companies? 4 Africa Exchange (4AX) shows promise. Early start-up phase...

2018 Budget Speech: Mixed Reactions from Markets and Civil Society

Political Analysis South Africa - 7 hours ago
On Wednesday, 21 February, South African Finance Minister, Malusi Gigaba delivered his first and possibly last budget speech as finance minister amid speculation that he will be let go once President Cyril Ramaphosa reshuffles his cabinet. The 2018 ...and...

Treasury: economy on way to recovery

Independent Online - 8 hours ago
Finance Minister Malusi Gigaba delivered the B udget to Parliament on Wednesday. He is trying to spearhead a more stable economic landscape, says the writer. Picture: EPA. JOHANNESBURG - The national Treasury yesterday embarked on charm offensive to ...and...

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BANKINTER SA MADRID REGISTERED SHARES S (OTCMKTS:BKIMF) Could Improve Your Long Portfolio After Less ...

BZ Weekly - 8 minutes ago
Bankinter, S.A. provides various banking services and products for individual and corporate customers, and small and medium-sized enterprises in Spain and internationally. The company has market cap of $10.09 billion. The firm offers private banking ...and...

Itau Unibanco Hldg Sa (ITUB) Holder Harding Loevner LP Upped Position

KL Daily - 41 minutes ago
Harding Loevner Lp increased its stake in Itau Unibanco Hldg Sa (ITUB) by 10.88% based on its latest 2017Q3 regulatory filing with the SEC. Harding Loevner Lp bought 6.46M shares as the company's stock declined 15.42% while stock markets rallied. The ...and...

Harding Loevner LP Raised Its Itau Unibanco Hldg Sa (ITUB) Holding

KL Daily - 41 minutes ago
Harding Loevner Lp increased its stake in Itau Unibanco Hldg Sa (ITUB) by 10.88% based on its latest 2017Q3 regulatory filing with the SEC. Harding Loevner Lp bought 6.46 million shares as the company's stock declined 15.42% while stock markets rallied ...and...

RecFish SA supportive of Sir Joseph Banks net ban

Port Lincoln Times - 8 hours ago
RecFish SA director Dr Michael Sierp has referred to the net fishing restrictions at Sir Joseph Banks Group as a “good result”. Primary Industries and Regions SA informed Tumby Bay District Council in December the lagoon in the group would be off...

Gupta mine shutdown won't leave SA in darkness: Eskom

SowetanLIVE Sunday World - 9 hours ago
The mine's CEO George van der Merwe held a meeting with the workers on Thursday but could not guarantee that they would be paid. He cited problems encountered with the Bank of Baroda‚ the only bank that has been handling the Gupta-owned company's ...and...

Aristotle Capital Management Llc Increased Banco Bilbao Vizcaya Argenta (NYSE:BBVA) Stake by $24.17 Million

KL Daily - 10 hours ago
More notable recent Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) news were published by: Valuewalk.com which released: “BBVA To Purchase Online Bank Simple For $117 Million” on February 21, 2014, also Marketwatch.com with their article: “Banco ...and...

Banking Association 'Relieved' Ramaphosa Is Now President

HuffPost South Africa - 10 hours ago
The president also committed to abide by the rulings of the Constitutional Court, especially those regarding the SA Social Services Agency (SASSA) and the distribution of social grants. This commitment to the rule of law is essential for business and ...and...

Inca Investments Llc Decreased Galicia (NASDAQ:GGAL) Stake By $15.45 Million

BZ Weekly - 13 hours ago
The institutional investor held 762,200 shares of the commercial banks company at the end of 2017Q4, valued at $50.19M, down from 999,918 at the end of the previous reported quarter. Inca Investments Llc who had been investing in Galicia for a number ...and...

Understated Factors You Should Consider Before Investing In Banco Latinoamericano de Comercio Exterior SA (NYSE ...

Simply Wall St - 18 hours ago
Banco Latinoamericano de Comercio Exterior SA's (NYSE:BLX) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$1.13B. Since a ...and...

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Low week as African markets record losses

The Southern Times - 1 hour ago
Overall, it was a low market week in terms of the stocks performance in African markets with the majority of the markets showing loses. As at 21 February 2018, the African stocks saw movers from Egypt, Nigeria, Kenya and Zimbabwe. The South African JSE...

Afrimat predicts headline earnings to fall by 20%

BizNis Africa - 2 hours ago
Afrimat, a Johannesburg Stock Exchange (JSE)-listed black empowered open-pit mining group that supplies industrial minerals and construction materials is publishing a voluntary business update for the year ending 28 February 2018. At this time a ...and...

Namibia raised N$2,9b on JSE since 2012

Namibian - 6 hours ago
During the 2015/16 financial year, government had intentions of listing another N$800 million bond on the Johannesburg Stock Exchange (JSE) to fund the budget deficit for that period. The issuing of this bond was built on the 2012 listing, which was to ...and...

OPINION: 4AX geared to be Africa's Nasdaq?

Independent Online - 6 hours ago
To start a business with the JSE as the incumbent is remarkable. The challenge 4AX faced, and still faces, is that it is “unknown”. “We need to educate and convince the market that our offering is a legitimate and well-regulated listing and trading...

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