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  • The JSE closes in the red as mining and resource counters drag it down
  • Yesterday, shares on the Johannesburg Stock Exchange closed firmly lower. This took the local bourse down to its worst level in a week. As the rand continued to firm, shares paid the price. And some bad performances also played their part. Let's take a closer look at what happened on the JSE yesterday… The JSE fell to a low not seen in a week, showing “a mixed picture,” reports BDLive. The... ››› more
  • [26 February 2014]
  • Shoprite's shares suffer as slower consumer spending hits
  • Earlier today, Shoprite released its results for the six months to the end of December. The retailer's results showed poor growth in profits over the period. Lacklustre spending by consumers hit sales. Investors didn't like what they saw either, punishing the share down. Let's take a closer look at what Shoprite's results revealed… Shoprite plans to look “for growth outside a sluggish South ... ››› more
  • [25 February 2014]
  • The South African economy grows to 3.8%
  • Earlier today, Stats SA released the rate of economic growth for the final quarter of 2013. The gross domestic product (GDP) data exceeded the expectations of economists. The lack of strikes over the quarter helped boost growth. Let's take a closer look at what the data reveals… Over the last three months of 2013, the “economy grew by 3.8%,” reports IOL. That’s in comparison to the 0.7% ... ››› more
  • [25 February 2014]
  • Sun International's share price drops on poor trading update
  • Earlier today, Sun International released a trading update covering the six months to the end of December. In the profit and dividend update, the gaming company said it saw a large fall in profits over the period. The company is planning job losses while it restructures its business. Let's take a closer look at what Sun International revealed in its trading update… Sun International said that ... ››› more
  • [24 February 2014]
  • Eskom continues to struggle to provide enough power to fuel the country
  • Last week, Eskom had to declare a state of emergency as it struggled to produce enough energy to keep SA running. After lifting the second state of emergency on Friday, today the power utility warns its supplies are still severely constrained. It looks like SA might be in for another tough week when it comes to its electricity supply. Let's take a closer look at what's going on… It looks like ... ››› more
  • [24 February 2014]
  • Nedbank surprises investors as it boosts earnings 15%
  • Earlier today, Nedbank released its full-year results to the end of December. These were better than forecast, with earnings beating expectations. Shares in Nedbank responded well to the results. Let's take a closer look at what Nedbank's results revealed… In its results, Nedbank reported growth in “diluted headline earnings per share (HEPS) by 15%,” reports BDLive. They came in at 1,829c,... ››› more
  • [24 February 2014]
  • The rand continues to lose its battle against the dollar
  • The local currency has been under immense pressure this week on the back of poor sentiment weighing on emerging market currencies. There are also factors closer to home playing a part in the rand's poor performance. Yesterday, reports reveal that a massive fuel hike looks likely at the start of March. And a recent survey suggests that the rand's lack lustre performance in affecting confidence in t... ››› more
  • [21 February 2014]
  • The 11 week long strike at Northam hits the platinum producer's results
  • Earlier today, Northam Platinum released its results for the six months to the end of December. The platinum producer showed the devastating effect of an 11 week strike. Northam reported large losses for the period. Let's take a closer look at what Northam's results revealed… Northam says that for the six months to the end of December, it lost R749 million in sales, says IOL. This follows an 1... ››› more
  • [21 February 2014]
  • Eskom declares a power emergency as supplies are under severe pressure
  • Yesterday, the power utility Eskom declared a power emergency. Eskom is responsible for providing 95% of the electricity supplies in SA. Eskom says its power supply was under severe pressure and asks users to cut down on usage. Let's take a look at why Eskom declared this latest power emergency… Yesterday afternoon, Eskom declared a power emergency, reports Fin24. The company says that this wa... ››› more
  • [21 February 2014]
  • Motorists beware: Fuel prices are set to soar again
  • After prices at the pumps jumped substantially higher at the start of the month, motorists can't expect any respite come March. Today, the Automobile Association of South Africa (AA) warned it expects a large hike in fuel prices again. This as the rand continues its struggle against the dollar and oil prices rise. Let's take a closer look at what you could be paying at the pump come 5 March… F... ››› more
  • [20 February 2014]
  • Emerging market currencies buckle under renewed pressures
  • The rand has fallen sharply since last night as it and other emerging market currencies battle against a torrent of bad news. A host of factors are stacking up against them. The rand has fallen through R11 to the dollar again and continues to weaken as the day progresses. Let's take a closer look at what's causing so many problems… Last night, the rand went through “the psychologically key 1... ››› more
  • [20 February 2014]
  • Facebook is to buy WhatsApp for a staggering $19 billion
  • Yesterday, social networking giant Facebook announced it's acquiring messaging service WhatsApp for $19 billion. The cash and stock deal sees Facebook trying to ensure its market share across different users. Let's take a closer look at what the deal means for Facebook… Facebook surprised the market yesterday with “an eye popping cash and stock deal worth up to $19 billion” for WhatsApp, r... ››› more
  • [20 February 2014]
  • The three strike-stricken platinum producers won't hike the current wage offer
  • Yesterday, the CEOs of the three platinum producers affected by the strike by members of the Association of Mineworkers and Construction Union (AMCU) said they won't increase their wage offer. At a media briefing, the trio said that they can't afford to pay anything higher. Let's take a closer look at what happened… Yesterday the CEOs of Anglo American Platinum (Amplats), Impala Platinum (Impl... ››› more
  • [20 February 2014]
  • Shares in Adcock Ingram rally as its chairman is forced to step down
  • Earlier today, it emerged that after pressure from its largest shareholders, drug maker, Adcock Ingram's chairman has stepped down. This follows a battle over Adcock between CFR Pharmaceuticals and Bidvest. Shares in Adcock rose on the news. Let's take a closer look at what's going on… Adcock Ingram said today that its chairman Khotso Makhele had stepped down from his post, says IOL. This led ... ››› more
  • [19 February 2014]
  • Consumer inflation jumps higher as the weaker rand bites
  • This morning, Stats SA released its consumer inflation data for January. The consumer price index (CPI) jumped to 5.8% in January. This is higher than economists had forecast. The weak rand is the main driving force behind the higher rate. Let's take a closer look at what the data revealed… Consumer inflation in January “accelerated 5.8% year-on-year” last month, reports Fin24. It’s up 0... ››› more
  • [19 February 2014]
  • The AMCU promises to continue striking until its members get R12,500
  • It's coming up for four weeks since workers downed tools at the world's three top platinum producers. Members of the Association of Mineworkers and Construction Union (AMCU) are striking over wage demands. Despite talks beginning within days of the start of the strike, the union and the platinum producers remain poles apart. Let's take a look at what's going on… Yesterday, the AMCU continued t... ››› more
  • [18 February 2014]
  • Strong demand for gold could lead to a deficit in 2014
  • The price of gold eased today after hitting a three-and-a-half-month yesterday. So far this year, investors have shown that their appetite for the yellow metal is strengthening. Could demand outstrip supply this year? Let's take a closer look at what's going on with gold… Yesterday gold price hit a “three-and-a-half month peak,” says the SABC. Concerns about the US’s economy and a “wea... ››› more
  • [18 February 2014]
  • With consumer inflation out tomorrow, the rand wobbles
  • After strengthening at the end of last week, today the rand weakened slightly against the dollar. There is renewed pressures on emerging market currencies. And of local concern is the release of consumer inflation data tomorrow. Let's take a closer look at what's going on with the local currency… The rand weakened this morning “along with most emerging market currencies,” says IOL. This ... ››› more
  • [18 February 2014]
  • The JSE closes firmly higher lifted by Naspers and a firmer rand
  • It was a bumper day on the JSE as the local bourse closed higher. Helping boost the local market was multinational media giant Naspers. The company soared to an all-time high. And a stronger rand helped out the banks. Let's take a closer look at what happened on the JSE on the first trading day of the week… Yesterday saw the JSE finish the day “at its highest level in four weeks,” reports ... ››› more
  • [18 February 2014]
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