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  • Pinnacle shares continue to plummet as the JSE investigates the IT firm
  • Yesterday, shares of Pinnacle Holdings fell 25% as news emerged that a director of the company was facing alleged corruption charges. Today, the share continues its free fall. The JSE is now investigating the company following release of the news. Let's take a closer look at what's causing the company's share price to tank… Shares of Pinnacle continue to fall under heavy selling pressure To... ››› more
  • [26 March 2014]
  • Shares in Pinnacle plunge 25% on the back of corruption allegations
  • Earlier today, Pinnacle Holdings announced that one of its directors was facing charges of corruption after allegedly trying to secure a contract. Investors didn't take the news well. By market close, shares in Pinnacle were down 25%. Let's take a closer look at the news and the impact on Pinnacle's share price… A director of Pinnacle faces corruption charges In a statement released over th... ››› more
  • [25 March 2014]
  • Along with world markets, the JSE fell as investors worry about growth in China
  • Yesterday, the JSE took a knock as concerns over economic growth in China continue. The JSE wasn't the only market to slide under the pressure. International markets were all under strain. Why are investors so concerned? Let's take a closer look at what's going on… It was a bad day on stock markets across the world The JSE’s Top 40 Index tumbled “just over 1%”yesterday, reports Fin24.... ››› more
  • [13 March 2014]
  • The platinum sector strike rumbles on as the CCMA and the Chamber of Mines squabble
  • The talks to try and bring an end to the seven week long strike in the platinum sector are still on hold. Over the last couple of days, the Chamber of Mines' chief negotiator made public comments about the Commission for Conciliation, Mediation and Arbitration's (CCMA) ability at brokering talks. This led the CCMA to hit back. This latest development makes it unlikely that talks will resume soon. ... ››› more
  • [11 March 2014]
  • Bitcoin prices dip but are rising again after the Mt Gox shenanigans
  • Over the last couple of weeks there's been a lot of coverage over the demise of the Mt Gox exchange. The price of Bitcoin took a knock, but it's back on the road upwards once again. Let's take a closer look at what's going on with Bitcoin prices after this latest bout of scandal… What happened with Mt Gox? The first Bitcoin exchange, Mt Gox, went down on 25 February, David Zeiler in Money M... ››› more
  • [10 March 2014]
  • Sasol's earnings rise nearly 27% as a weaker rand boosts performance
  • Earlier today, Sasol Ltd released its results for the six months to the end of December. The energy and chemical company reported a solid growth in earnings over the period. The weaker rand helped Sasol's performance for the six months. And shareholders will be pleased to hear that it significantly increased its interim dividend. Let's take a closer look at what Sasol's results revealed… Sasol... ››› more
  • [10 March 2014]
  • The gold price rallies as tensions grow in Ukraine
  • Gold has hit a four month high today. The yellow metal is benefitting from its safe haven status. Investors worried about the growing tensions between Ukraine and Russia have turned to gold. The gold price has risen more than 1% today. Let's take a closer look at what's going on with the yellow metal… Global stocks markets are under pressure The growing tensions between Russia and Ukraine h... ››› more
  • [03 March 2014]
  • Telkom boss hits out at MTN and Vodacom over fighting rate cuts
  • The CEO of Telkom Sipho Maseko has criticised MTN and Vodacom over their moves to try and stop the lowering of mobile termination rates. In full page advertisements in the Sunday papers, Mr Maseko says MTN and Vodacom are standing in the way of what's best for South Africa. Let's take a closer look at what's going on… Telkom’s CEO published an open letter to bosses of MTN and Vodacom The ... ››› more
  • [03 March 2014]
  • The rand remains vulnerable as tensions mount between Ukraine and Russia
  • The rand is on shaky ground as investors around the world are on edge over tension between Ukraine and Russia. This is putting pressure on emerging markets and their currencies. Last week, the rand put in its best performance for weeks. And shrugged off news about the larger than forecast trade account deficit. Let's take a closer look at what's going on with the local currency… The rand weake... ››› more
  • [03 March 2014]
  • The petrol price jumps higher yet again
  • On Friday, the Department of Energy announced hefty fuel price hikes to take effect from this week. This follows last week's warning from the AA of impending increases in the price of petrol and diesel. Filling up an average tank is going to cost an extra R20 a time. Let's take a closer look at the spiralling costs of filling your car… The fuel price is at an all-time high The latest hike w... ››› more
  • [03 March 2014]
  • SA's trade account shows a massive deficit in January
  • Earlier today, the South African Revenue Service (SARS) released the trade account data for January. The numbers showed that after recording a surplus in December, the trade account recorded a huge deficit last month. Let's take a closer look at why this happened… The trade account reflected a R17.1 billion deficit For January, the trade account revealed a “deficit of R17.06 billion,” r... ››› more
  • [28 February 2014]
  • Mondi impresses investors with record results
  • Earlier today, Mondi Ltd released its results for the full year to the end of December. The paper and packaging giant surprised with a solid set of results boasting jumps in earnings and profits. The share price responded favourably to the news. Let's take a closer look at what the results revealed… Mondi shares soar on back of results The market greeted Mondi’s results with open arms tod... ››› more
  • [28 February 2014]
  • Platinum producers and the AMCU to resume talks tomorrow
  • Earlier today, it emerged the top three platinum producers and the Association of Mineworkers and Construction Union (AMCU) will restart wage talks tomorrow. This as the strike enters its sixth week. With production severely affected and losses mounting, the pressure is on to find a resolution. Let's take a closer look at what's been going on… Implats’ CEO and AMCU’s president discussed th... ››› more
  • [27 February 2014]
  • Implats boosts earnings 8% despite challenges
  • Earlier today, Impala Platinum (Impala) released its results for the six months to the end of December. The platinum producer, which is currently contending with crippling strike action, posted a decent set of numbers. The weaker rand helped to offset lower platinum prices. Let's take a closer look at what the results showed… A weaker rand helped lift revenue Implats’ revenue over the per... ››› more
  • [27 February 2014]
  • The producer inflation index takes a jump higher to 7%
  • Earlier today, Stats SA released its producer price index (PPI) for January. The data showed that producer inflation jumped to 7%. This was higher than economists had predicted. The higher level in producer inflation mirrors an increase in consumer inflation for January reported earlier this month. It looks like the rand's weakness is starting to show through… PPI added 0.5% from December to J... ››› more
  • [27 February 2014]
  • Vodacom joins MTN's bid to fight ICASA over rate cuts
  • It emerged earlier today that Vodacom is to follow in MTN's footsteps. It is legally challenging the Independent Communication Authority of South Africa's (ICASA) decision to slash mobile termination rates (MTRs). At the end of January, ICASA announced its plan to cut the rates. Vodacom began legal proceedings yesterday. Let's take a closer look at what's going on… Today, Vodacom revealed it... ››› more
  • [26 February 2014]
  • Budget: Gordhan cuts economic growth forecast for 2014
  • This afternoon, Finance Minister Pravin Gordhan presented his budget to parliament. As economists expected, Mr Gordhan cut economic growth forecasts for 2014/2015. But he left the following two year projections unchanged. The rand fell slightly after his address. Let's take a closer look at what the Finance Minister said about South Africa's economy in his budget… As expected, in his budget ad... ››› more
  • [26 February 2014]
  • Brian Joffe takes over as chairman at Adcock Ingram
  • Last week, Adcock Ingram's biggest shareholders forced the then current chairman to step down from his position. This happened after the Public Investment Corporation (PIC) and Bidvest substantially increased their stakes in the local drug maker. Both requested Brian Joffe, CEO of Bidvest, take on the role. And today, news confirmed that Mr Joffe is now the new chairman of Adcock. Let's take a clo... ››› more
  • [26 February 2014]
  • The rand continues to hold its ground around six week highs
  • The rand has managed to remain steady against the dollar over the past few days, inching stronger. This as all eyes in South Africa will turn to Finance Minister Pravin Gordhan this afternoon as he announces the budget. Analysts don't think the budget will contain any shocks as the government gears up for elections in May. Let's take a closer look at what's going on with the rand… This morning... ››› more
  • [26 February 2014]
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