Sappi’s results for the quarter ended December showed a 15 percent rise to $197m in earnings before interest, taxes, depreciation, and amortisation, excluding special items.
With activity in currency markets remaining subdued following holidays in Asia, the rand struggled to find takers as investors awaited South African President Cyril Ramaphosa’s state of the nation speech on Thursday and the annual budget later in ...
The stock slumped 8.2% by midday in Tokyo on Monday, the most since June 2016 on an intraday basis, after operating income in games fell 14% to 73 billion yen ($666 million) for the holiday quarter.
Google’s parent company beat Wall Street’s estimates for revenue and profit, but the bigger-than-expected spending prompted investors to question whether cash funneled into Alphabet’s newer businesses will generate the returns that its search engi...
JOHANNESBURG – The markets’ attention will zoom in on President Cyril Ramaphosa this week to shed light on potential measures to keep Eskom afloat after it garnered a R15 billion loan facility on Friday.
However, amid the opportunities, the sector faces a number of challenges including weak infrastructure, high ticket prices, poor connectivity and lack of liberalisation.
Business Unity SA (Busa) warned that Eskom would constrain investment in South Africa and contribute to stagnant economic growth, significant job losses and grid defection.
The surge in share prices, which is mainly driven by demand from local investors, has seen the index record a year-to-date gain of 7.4 percent.
A market research firm, Ovum, had predicted that there would be a drop in spending on traditional communication services offered by the incumbent telcos by 36 per cent in the next ten years.
“I think it’s unlikely,” said Johnson when asked if Luckin might overtake Starbucks in China by the end of 2019, pointing to the 18 percent growth in new Chinese stores the company racked up in the fourth quarter.
“Daimler urgently needs efficiency measures,” Evercore ISI analyst Arndt Ellinghorst said on Wednesday.
INTERNATIONAL – GoPro reported its first profit in five quarters on Wednesday and topped Wall Street estimates for revenue, as it cut costs and saw strong demand for the latest action cameras from its flagship HERO line.
INTERNATIONAL - Tencent-backed Maoyan Entertainment, China’s biggest movie-ticketing platform by sales, fell 1.1 percent in its Hong Kong stock debut on Monday, the latest in a string of weak starts among Chinese tech firms listing in the financia...
The policy shift caught some investors off-guard as only just the previous day the Reserve Bank of Australia (RBA) had steered clear of an easing signal when holding its official cash rate at a record low 1.50% for the 30th straight month.
CAPE TOWN - The South African economy has benefited significantly from Platinum Group Metals (PGM) which has produced 221 million ounces of PGMs valued at R1.2 trillion (US$170 billion) between 1980 and 2015.
Washington, United States | AFP | Twitter shares took a pounding Thursday as an unsettling update on its global user base offset upbeat figures on revenues and profits in the past quarter.
, Washington, United States, Feb 8 – Twitter shares took a pounding Thursday as an unsettling update on its global user base offset upbeat figures on revenues and profits in the past quarter.
INTERNATIONAL - Snap Inc said the number of people using its Snapchat app would remain at current levels this quarter, easing worries the company would continue to lose users to rival Facebook Inc’s Instagram and sending its shares up more than 20...
JOHANNESBURG (Reuters) - Investors on Friday raised their bets on a weaker South African rand as the options premium for buying currency jumped and implied volatility rose to its highest in a month, just days ahead of the budget speech and nationa...
The company said yesterday that the engagements were meant to ensure the sustainability of the domestic industry and market stabilisation.
Kenya is the largest exporter of avocado in Africa as of 2017, according to statistics from the multilateral agency International Trade Centre.