Mining activity halted at Harmony Gold’s Kusasalethu mine following deaths

23 October 2021, 10:30 AM
Mining activity have been halted at South Africa's largest gold producer, Harmony Gold's Kusasalethu mine near Carletonville in Gauteng, following the death of two employees.
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Walmart recalls 3,900 room sprays due to possible dangerous bacteria 23 October 2021, 3:20 AM

Walmart Inc (WMT.N) is recalling about 3,900 bottles of an aromatherapy spray due to the possible presence of a rare and sometimes fatal bacteria, the US Consumer Product Safety Commission (CPSC) said on Friday.

Petrol price set to go over R19.00 a litre in November 22 October 2021, 7:10 PM

Motorists should brace themselves for a hefty petrol price increase in November.

South Africa to call on rich nations to do more at COP26 22 October 2021, 5:07 PM

South Africa will tell rich countries at climate talks next week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks to help end its own reliance on coal.

‘Apple’s talks with Chinese battery makers CATL and BYD mostly stalled’ 22 October 2021, 12:39 PM

Apple Inc's (AAPL.O) talks with China's CATL and BYD over battery supplies for its planned electric vehicle have been mostly stalled after they refused to set up teams and build US plants that would solely cater to the tech giant, three people with knowledge of the discussions said.

Dollar set for another week of losses even as Fed tapering looms 22 October 2021, 9:11 AM

The dollar was heading for a second week of declines on Friday as sentiment stayed tilted towards riskier assets, while an intervention by the Australian central bank put a halt to the Aussie dollar's recent surge.

IMF projects 5% growth for SA’s economy 22 October 2021, 7:53 AM

The International Monetary Fund says it expects South Africa's economy to grow by 5% in 2021 before growth slows down to 2.2% percent in 2022.

Dollar higher on upbeat US data but set for weekly losses 22 October 2021, 4:10 AM

The dollar was firmer early on Friday, helped higher by upbeat economic data though was headed for its second week of declines while commodities currencies slipped as traders rejigged their positions after this week's brisk rally.

US airlines, White House say vaccine mandate will not impact holiday travel 22 October 2021, 3:27 AM

Two major US airlines and the White House said they do not think the Biden administration's executive order mandating federal contractors require employee vaccinations by December 8 will impact holiday travel or result in employees leaving.

IBM weighs on the Dow; Nasdaq and S&P gain ground 21 October 2021, 11:05 PM

The Dow was weighed down on Thursday by a collapse in IBM shares after a disappointing quarterly report, but the Nasdaq gained and the S&P 500 index touched a record high with help from high-profile stocks such as Tesla Inc.

NUMSA accepts 6% wage offer tabled by SEIFSA 21 October 2021, 9:22 PM

The National Union of Metalworkers of South Africa (NUMSA) has officially accepted the six percent wage offer that was tabled by the main employer body, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA), over a week ago.

Germany’s FlixMobility buys U.S. bus company Greyhound from FirstGroup 21 October 2021, 8:19 PM

German transport company FlixMobility has bought U.S. bus company Greyhound from Britain's FirstGroup for an enterprise value of about $46 million, it said on Thursday (October 21).

SEIFSA announces end of strike action by Numsa following landmark wage agreement 21 October 2021, 3:14 PM

The marathon strike in the steel and engineering sector is finally over. The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has announced that it has reached a landmark wage agreement with the National Union of Metalworkers of South Africa (NUMSA).

Barclays third quarter profit doubles amid global merger frenzy 21 October 2021, 1:03 PM

Barclays reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in advisory mandates and equities trading.

Numsa strike is over, landmark wage agreement reached 21 October 2021, 12:56 PM

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has announced that it has reached a landmark wage agreement with the National Union of Metalworkers of South Africa (Numsa).

Labour market scarcity set to last years, says outgoing CEO of Randstad 21 October 2021, 8:56 AM

Labour market shortages will be a major theme "for years to come", the chief executive of global staffing group Randstad said on Thursday, as he announced he was stepping step down in March after eight years in the post.

6.2 million South Africans have filed their taxes: SARS 21 October 2021, 7:43 AM

With the tax filing season underway, the South African Revenue Service (SARS) says so far, about 6.2 million South Africans have filed their taxes.

Numsa calls for an urgent meeting of all its regions 21 October 2021, 6:10 AM

The National Union of Metalworkers of South Africa (Numsa) has called an urgent meeting of all its regions to discuss whether or not to call off its protracted wage strike in the steel and engineering sector.

Inflation Trade? Nestle Reaps Benefits From Higher Prices 21 October 2021, 1:30 AM

Nestle raised its full-year sales target on Wednesday after the world’s largest food group reaped the benefits of price hikes on its products ranging from pet food to bottled water with a forecast-beating third quarter.

Yen hits four-year low versus dollar as risk appetite improves 20 October 2021, 11:32 PM

The dollar steadied in early European trading on Wednesday, after an improvement in global risk appetite saw riskier currencies gain and the yen hit a four-year low against the dollar overnight.

China’s commodity prices tumble after planner mulls coal intervention 20 October 2021, 8:25 PM

Bitcoin is on the cusp of an all-time high, its latest rally fuelled by the launch of the first US bitcoin futures exchange-traded fund that investors think could make the cryptocurrency accessible for swathes of new investors. 

Big fossil fuel producers’ plans far exceed climate targets: UN 20 October 2021, 11:30 AM

Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday.

US workers face job losses as COVID-19 vaccine mandates kick in 20 October 2021, 1:49 AM

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against COVID-19.

Wall Street ends higher as investors bet on positive earnings season 19 October 2021, 11:51 PM

US stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate.

Price of potatoes decrease in SA, demand expected to increase during festive season 19 October 2021, 7:23 PM

The price of potatoes in South Africa has decreased in recent weeks.

NUMSA and steel industry still to find common ground to implement wage increase 19 October 2021, 7:07 PM

NUMSA members downed tools indefinitely three weeks ago, demanding an eight percent increase across the board.

R1.5 billion approved to support businesses affected by July unrest: Patel 19 October 2021, 5:00 PM

Department of Trade, Industry and Competition (DTIC) Minister Ebrahim Patel says R1.5 billion has been approved to support businesses affected by the looting and unrest in July.

ACSA reports a revenue loss of R2.6 billion for the financial year 2020-2021 19 October 2021, 2:46 PM

The company says the poor results reflect the devastating impact of Covid-19 on the tourism and aviation industry. 

Fuel price hike of catastrophic proportions expected in November 19 October 2021, 12:55 PM

The Automobile Association of South Africa says South Africans should brace themselves for a fuel price hike of what they are calling catastrophic proportions, in November.

Dollar softens amid bets other central banks to outpace Fed tightening 19 October 2021, 4:03 AM

The dollar languished near the bottom of its recent range against major peers on Tuesday, knocked back by weak US factory data overnight and on market wagers of faster normalisation of monetary policy in other countries.

Dollar edges lower after weak US factory production data 18 October 2021, 11:42 PM

The dollar dipped on Monday after data showed production at US factories fell by the most in seven months in September, erasing earlier gains on expectations that the Federal Reserve may be closer to raising interest rates than previously expected.