Shares set fresh records, lifted by US housing data

18 January 2020, 1:42 PM
Key world equity indexes scaled new highs on Friday, boosted by a surge in US housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro on expectations of solid economic growth.
READ MORE
Former SARS officials to appear in court over corruption charges 9 April 2018, 7:39 AM

Three former SARS executives are expected to appear in the Pretoria Regional Court on charges related to the so-called rogue unit in the Revenue Services that was allegedly set up to spy on the National Prosecuting Agency.

PPF welcomes Lamberti’s resignation 8 April 2018, 10:25 AM

The Progressive Professionals Forum (PPF) says the resignation of Mark Lamberti from the Eskom board was long overdue.

DA resolves to reverse VAT increase 8 April 2018, 6:59 AM

The Democratic Alliance (DA) has adopted a resolution to do away with the VAT increase.

SIU probe into Eskom, Transnet welcomed 7 April 2018, 8:08 PM

Parliament's Standing Committee on Public Accounts has welcomed a decision by President Cyril Ramaphosa that Transnet and Eskom be probed by the Special Investigations Unit, saying it is long overdue.

DA resolves to do away with VAT increase 7 April 2018, 7:45 PM

The Democratic Alliance (DA) has adopted a resolution to do away with the Value Added Tax (VAT) increase that was recently announced by the former Minister of Finance, Malusi Gigaba, during the 2018 budget speech in February.

Lamberti resigns from Eskom Board 7 April 2018, 2:49 PM

Eskom has confirmed the resignation of Mark Lamberti as the power utility's Board Director with immediate effect.

Outa welcomes investigations into Eskom coal contracts 7 April 2018, 11:06 AM

The Organisation Undoing Tax Abuse, Outa, has welcomed President Cyril Ramaphosa's announcement authorising the Special Investigating Unit to investigate Eskom's coal contracts, as well as Transnet's operations.

Cwele warns social grant beneficiaries against misinformation 7 April 2018, 9:49 AM

Post and Telecommunications Minister Siyabonga Cwele warned social grant beneficiaries against allowing anyone to misinform them.

UK rolls out sugar tax in battle against obesity 6 April 2018, 4:49 PM

The UK put into force on Friday a tax on sugary drinks as part of an anti-obesity policy as some scholars say the sugar tax had already produced results.

End in sight for Nehawu strike in North West 6 April 2018, 2:41 PM

Trade union Nehawu and the Portfolio Committee on Health have condemned the manner in which the provincial government has handled the ongoing strike by Nehawu members in the North West.

Workers want govt intervention in embattled Gupta-owned mine 6 April 2018, 12:22 PM

Over 1000 mine-workers at a Gupta-owned Shiva Uranium mine in Klerksdorp in the North West, are pleading with the Mineral Resources Department to force the Gupta family to sell the operation to save jobs.

South African rand to hold most gains since start of 2018 6 April 2018, 8:03 AM

South Africa's rand is expected to hold onto most of this year's gains against the dollar supported by improving domestic economic growth.

Greed is causing conflicts in mining communities: Mantashe 6 April 2018, 5:57 AM

Mineral Resources Minister Gwede Mantashe says greed is the cause of conflicts in mining communities.

Motsepe resisting pressure to close Modikwa Platinum Mine 5 April 2018, 6:03 PM

Mining mogul and the Executive Chair of African Rainbow Minerals, Patrice Motsepe says he has been resisting pressure from shareholders to close down the Modikwa Platinum Mine in Burgersfort on the border of Mpumalanfa and Limpopo where six miners were brutally killed.

Johannesburg property owners object valuations 5 April 2018, 5:18 PM

Johannesburg residents whose properties have allegedly been over-valued have been flocking to various centres across the city to lodge objections ahead of Friday's deadline.

EFF shuts down Pick n Pay store in Kathu 5 April 2018, 2:23 PM

Members of the Economic Freedom Fighters (EFF) have shut down the Pick n Pay store at Kathu in the Northern Cape during a protest.

Standard Bank PMI managed to stay above point mark 5 April 2018, 11:13 AM

The Standard Bank Purchasing Managers' Index, which measures private sector activity, declined slightly in March.

IPP to improve economy: Radebe 5 April 2018, 9:54 AM

Minister of Energy, Jeff Radebe, says the Renewable Energy Independent Power Producer Projects (REIPPPs) will create jobs during construction and operation amounting to about 61 000 in rural areas.

Anglo Plat and ARM condemn bus attack 5 April 2018, 9:27 AM

Mining companies, Anglo Platinum and African Rainbow Minerals, have condemned an incident in which six mine workers were killed and 28 others injured when their bus was torched.

Radebe signs renewable energy contracts 4 April 2018, 8:49 PM

Minister of Energy Jeff Radebe has finally signed the 27 Renewable Energy Independent Power Producer Projects including the Power Purchase Agreements with Eskom. The 27 projects are worth R56 billion in new direct investments in the energy sector and will create 58 thousand jobs. These projects will benefit mostly rural areas and their communities. The […]

Global markets in the red as US, China face-off 4 April 2018, 8:06 PM

Global markets were seeped in the red on Wednesday as investors feared that a trade war between China and the US was about to start.

Taxify launches safety security app 4 April 2018, 3:23 PM

Ride hailing service drivers will be able to summon help at a push of a button if they feel their lives are being threatened.

Tiger Brands has five days to respond to lawsuit: Malusi 4 April 2018, 10:53 AM

Lawyer at Richard Spoor attorneys Thami Malusi says Tiger Brands Limited has about five days to respond and tell them whether they will oppose to the application of the lawsuit filed against them by Richard Spoor Attorneys.

Sars satisfied with tax collection 4 April 2018, 9:07 AM

Acting Commissioner at the South African Revenue Services (Sars), Mark Kingon, says the key areas where the Revenue service fell short to meeting their estimated target was in domestic Value Added Tax (Vat) and imported vat.

Property mogul Pam Golding passes away 4 April 2018, 6:07 AM

The South African Estate Agency Affairs Board says the passing of South African property mogul and leading businesswoman, Pam Golding has left a void in the property market.

Motorists urged to fill up as fuel prices rise 3 April 2018, 7:10 PM

Motorists are urged to fill up tonight (Tuesday) as the price of fuel is set to increase significantly.

New SAPO social grant cards to be ready in six months 3 April 2018, 6:46 PM

Social Development says the new post office social grant cards will be ready in six months.

SARS acting commissioner pleased with tax collected in 2017/2018 financial year 3 April 2018, 4:33 PM

South African Revenue Services (Sars) Acting Commissioner Mark Kingon says he is pleased with the amount of tax collected in the 2017/2018 financial year.

SARS announces R1 216.6 billion preliminary revenue collections 3 April 2018, 12:40 PM

The South African Revenue Service (SARS) has collected R1216.6 billion in the financial year 2017/18 in its preliminary results, which will be subject to final audit.

SA motorists brace themselves for fuel hike 3 April 2018, 8:06 AM

Petrol will go up by as much as 72 cents per litre for 95 octanes, 69 cents a litre for 93 octane and diesel will go up by 65 cents.