Markets Weaken as JSE Falls, Makhanda Property Gains Momentum, Cape Town Tightens Rental Rules and Pick n Pay Expands Loyalty Push
Markets Weaken as JSE Falls, Makhanda Property Gains Momentum, Cape Town Tightens Rental Rules and Pick n Pay Expands Loyalty Push Tuesday’s economic and business news reflected a mixed national picture, with South African financial markets closing lower, property demand strengthening in Makhanda, and new regulatory pressure building in Cape Town’s short-term rental sector. At […]
JSE Slips as Mining and Financials Weigh, while Robben Island Upgrade, Hotel Expansion and Tax Stance Shape Broader News Flow
JSE Slips as Mining and Financials Weigh, while Robben Island Upgrade, Hotel Expansion and Tax Stance Shape Broader News Flow The Johannesburg Stock Exchange (JSE) ended yesterday weaker, with the All Share Index (ASI) falling 1.03% to 120,005 as broad-based losses in resource and financial stocks outweighed gains in a handful of energy and industrial […]
JSE Rallies on Mining Surge as Retail Growth, Bank Tech Push and SIU Probe Shape the Backdrop
JSE Rallies on Mining Surge as Retail Growth, Bank Tech Push and SIU Probe Shape the Backdrop The FTSE/JSE All Share Index closed firmly higher at the end of last week, rising 2.13% to 121,249 as a strong rally in mining shares lifted the market. Gains in platinum and gold counters drove most of the […]
JSE Slips as Resources Drag, while Fresh Turmoil at SAA and High-profile Court Ruling Dominate Headlines
JSE Slips as Resources Drag, while Fresh Turmoil at SAA and High-profile Court Ruling Dominate Headlines The Johannesburg Stock Exchange (JSE) ended yesterday on the back foot, as renewed weakness in resource counters and softer financials offset gains in industrial and technology shares, highlighting a market still highly sensitive to commodity movements and global uncertainty. […]
South Africa Appoints New US Ambassador as Mining Output Surges and JSE Closes Lower on Resource Weakness
South Africa Appoints New US Ambassador as Mining Output Surges and JSE Closes Lower on Resource Weakness South Africa’s business and economic landscape on Wednesday was shaped by three main developments: the appointment of Roelf Meyer as the country’s new ambassador to the United States, a sharp increase in mining production driven largely by platinum […]
ZEP Relief Signalled as Growth Outlook Dims, While Markets Extend Gains
ZEP Relief Signalled as Growth Outlook Dims, While Markets Extend Gains A shift in government’s approach to Zimbabwean Exemption Permit (ZEP) holders, a downgrade to South Africa’s economic growth outlook, and renewed warnings about the state of the mining sector shaped developments on Tuesday, even as financial markets moved higher. Deputy Home Affairs Minister Njabulo […]
Dams, Decay and Doubt: South Africa Faces Mounting Pressure Across Water, Work and Markets
Dams, Decay and Doubt: South Africa Faces Mounting Pressure Across Water, Work and Markets South Africa is confronting a widening set of pressures that cut across its economy, infrastructure and labour market. Proposed restrictions on access to major public dams have triggered fierce resistance from property and tourism stakeholders, billions of rand continue to disappear […]
DA Leadership Shift and Mixed Market Close Mark Weekend News Flow
DA Leadership Shift and Mixed Market Close Mark Weekend News Flow Cape Town Mayor Geordin Hill-Lewis is now the leader of the Democratic Alliance (DA), confirming a leadership transition that places him at the helm of South Africa’s main opposition party as it operates inside the Government of National Unity. The appointment comes at a […]
Robben Island Fraud Storm Deepens as Broader Economic and Retail Developments Unfold
Robben Island Fraud Storm Deepens as Broader Economic and Retail Developments Unfold Robben Island, once home to the late president Nelson Mandela and one of Cape Town’s most visited tourist attractions, has been thrust into a growing fraud and governance controversy. At the same time, Shoprite has launched a new AI-driven shopping assistant and new […]
Bozell Outlines Shared Values with Pretoria while JSE Rallies Nearly 4%, New Billionaire Emerges and RMH Takeover Moves Forward
Bozell Outlines Shared Values with Pretoria while JSE Rallies Nearly 4%, New Billionaire Emerges and RMH Takeover Moves Forward What appears to be a renewed diplomatic push between Pretoria and Washington took centre stage on Wednesday, as newly appointed United States ambassador to South Africa, Leo Brent Bozell III, formally assumed his post and set […]