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  • Bernanke bids farewell to the Fed, slashing another $10 billion off its stimulus
  • Late yesterday, the US Federal Reserve said it was reducing its monthly stimulus programme by a further $10 billion a month. That's the second month in a row that the US central bank has cut its stimulus amount. US stocks didn't take kindly to the news. Let's take a closer look at what happened… Following the end of the US Federal Reserve’s open market committee meeting, it “announced a $1... ››› more
  • [30 January 2014]
  • The rand reacts badly to news of an interest rate hike
  • The rand fell sharply yesterday after the announcement by Reserve Bank governor Gill Marcus. Ms Marcus revealed that the central bank had decided to hike interest rates by 0.5%. The hike comes into effect today. The news send the rand down hitting fresh five lows. Let's take a closer look at what's going on with the local currency… Yesterday afternoon, the market was in for a bit of a surprise... ››› more
  • [30 January 2014]
  • The JSE slipped into negative territory on news of a rate hike
  • Yesterday, the Johannesburg Stock Exchange kicked off the day strongly higher. But after the South African Reserve Bank announced a surprise interest rate hike, the market did an about turn. Let's take a closer look at what happened on the JSE yesterday… The JSE started yesterday off comfortably higher. But closed down as the local bourse struggled to contend with the day’s events. The JS... ››› more
  • [30 January 2014]
  • Talks continue to try and end strikes at the top three platinum producers
  • Today sees the final day of government initiated talks between the Association of Mineworkers and Construction Union (AMCU) and the world's top three platinum producers. Members of the AMCU downed tools on Thursday on demands for higher wages. Wage talks began on Friday, but it's unsure as to whether a new deal will emerge that end the sector crippling strike. Let's take a closer look at what's go... ››› more
  • [29 January 2014]
  • Telecom regulator slashes fees sending MTN and Vodacom shares lower
  • Earlier today, the Independent Communications Authority of South Africa (ICASA) announced that from the start of March cross network fees would halve. Shares in MTN and Vodacom fell on the news. Let's take a closer look at what the regulator's move means… Back in October last year, ICASA announced its intention to slash the fees paid for mobile operators to use each other’s networks. At the ... ››› more
  • [29 January 2014]
  • US authorities charge two men with money laundering over their Bitcoin dealings
  • Last night it emerged that the US authorities arrested and charged two men with money laundering. One of the men is CEO of a well-known Bitcoin exchange and vice chair of the Bitcoin Foundation. Once again, controversy surrounds Bitcoin. Let's take a closer look at what happened… Yet again Bitcoin is hitting the headlines for all the wrong reasons. Yesterday, the US Department of Justice re... ››› more
  • [28 January 2014]
  • Talks resume as the strike in the platinum sector continues
  • The strike continues across the three biggest platinum producers in South Africa. Despite ongoing talks that started on Friday between the producers, government officials and the Association of Mineworkers and Construction Union, there is no end in sight at the moment. Let's take a closer look at what's going on with the strike… Thursday saw the start of a mass strike across the three biggest ... ››› more
  • [27 January 2014]
  • The rand continues to weaken as pressures mount
  • The rand has continued to weaken further today. The local currency is suffering from the ongoing strikes in the platinum sector. Add to that a general weakness in emerging markets and the US Federal Reserve's monetary policy meeting this week. The rand is struggling to find any good news to give it a boost. Let's take a closer look at what's going on with the rand… The rand traded weaker “ag... ››› more
  • [27 January 2014]
  • Gold nearly touches a seven week high
  • Over the last six weeks, the price of gold has been edging higher. Yesterday saw bullion make its biggest one day gain in over three months. So what's going on with the gold price? Let's take a closer look at the price of the yellow metal… This morning saw gold nearly touching “its highest [level] in seven weeks,” reports Fin24. The yellow metal is heading “for a fifth straight weekly cl... ››› more
  • [24 January 2014]
  • The JSE storms into the record books again
  • Yesterday, the Johannesburg Stock Exchange closed at record highs. On a day that saw the start of strike action across the three top platinum producers, platinum companies were the best performers of the day. Let's take a closer look at what happened on the JSE yesterday… The JSE’s Top 40 Index and the All Share Index both hit record highs yesterday, reports Fin24. The platinum producers wer... ››› more
  • [24 January 2014]
  • Marriott buys Protea in a multi-million dollar deal
  • Yesterday, it emerged that US hotel group Marriott International will acquire the South African hotel chain Protea Hospitality. The deal, worth $186 million (R2.04 billion), should go through at the beginning of April. Let's take a closer look at what this means for Protea in South Africa… Protea Hospitality, which is unlisted, is in the process of “finalising an agreement for US hotel giant... ››› more
  • [23 January 2014]
  • Shoprite bears the brunt of weaker sales
  • Earlier today, Shoprite released an operational update covering the six months to the end of December. But investors are disappointed with the retailer's lacklustre growth in sales. The share is down heavily since the update came out. Let's take a closer look at what the update revealed… Shoprite shares dropped today “after their latest sales figures disappointed investors,” reports Fin24.... ››› more
  • [17 January 2014]
  • Bitcoin Derivatives: Are things about to get messy?
  • The US-based digital currency startup Coinbase now handles transactions for more than 19,000 businesses and 750,000 individuals. As a result, Coinbase holds many bitcoins in its own wallet… Thereby exposing itself to the risk posed by Bitcoin's price volatility. And just like any other company whose profitability depends on the main commodity they trade in… They've found something that could p... ››› more
  • [17 January 2014]
  • Mr Price's trading update disappoints investors
  • Earlier today, Mr Price released its trading update for its third quarter. And in spite of posting a rise in sales, investors didn't like what they saw. Shares in Mr Price fell on the news. Let's take a closer look at what the trading update revealed… Mr Price “failed to impress investors with a 15% rise in third quarter sales,” says IOL. This reflects the “lofty expectations” for one ... ››› more
  • [16 January 2014]
  • A strong dollar pushes the rand lower
  • The rand continues to struggle to keep its footing. Yesterday, the rand and other emerging market currencies weakened further as the dollar continued to strengthen. The rand is heading in the right direction to touch R11 to the greenback. Let's take a closer look at what's putting renewed pressure on the local currency… Yesterday, the rand weakened further against the dollar, touching “a low... ››› more
  • [16 January 2014]
  • Massmart shares rise 5.6% on the back of its sales update
  • Yesterday, Massmart released a sales update covering the year to 29 December. And in spite of Massmart saying in the update that the growth in sales was “muted,” the market liked what it saw. Shares in Massmart soared swiftly higher. Let's take a closer look at what Massmart's sales update revealed… Yesterday, Massmart revealed that it saw a “near 10% rise in full year sales,” reports ... ››› more
  • [16 January 2014]
  • Retail sales surprise in November
  • Earlier today, Stats SA released its retail sales data for November. The numbers surprised to the upside, well exceeding economists' expectations. But is this just a flash in the pan? Let's take a closer look at what the data reveals… Retail sales in South Africa grew “at 4.2% year-on-year in November,” reports Fin24. This well exceeded expectations. Stats SA also revised October’s re... ››› more
  • [15 January 2014]
  • The lengthy strike continues as the NUM rejects Northam's latest offer
  • The strike by members of the National Union of Mineworkers (NUM) at Northam Platinum is in its eleventh week. And today, the union announced that it had rejected the latest offer by Northam. Let's take a closer look at what's going on… Earlier today, the National Union of Mineworkers (NUM) announced that it had “rejected the latest pay over” from Northam Platinum, says MoneyWeb. The NUM... ››› more
  • [15 January 2014]
  • The South African manufacturing sector contracts in December
  • Earlier today, Kagiso Tiso Holdings released the purchasing managers' index for December. It showed that manufacturing activity in South Africa drifted into contraction territory at the end of the year. Let's take a closer look at what the data revealed… The Kagiso Tiso Holdings purchasing managers’ index (PMI) fell “2.5 points” last month from November, reports Fin24. This is a signal o... ››› more
  • [15 January 2014]
  • Telkom's suspended CFO told to repay R6 million loan immediately
  • Back in mid-November, Telkom admitted it had lent its suspended chief financial officer R6 million. Telkom suspended Jacques Schindehütte the month before for undisclosed reasons. Late yesterday it emerged that Telkom demands that Mr Schindehutte immediately pays back the borrowed money. Let's take a closer look at what's going on… Yesterday, Telkom said that “it is claiming back the R6 mil... ››› more
  • [15 January 2014]
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