Business News 20.2.2018 09:31 am

AngloGold Ashanti says full year production rises 4 percent

The company said it had also delivered a strong exploration result, with most of the year’s production replaced given success across a broad front.

AngloGold Ashanti said on Tuesday its production rose 4 percent year-on-year in the year to December 2017, above the top end of guidance.

AngloGold Ashanti says full year production rises 4 percent
AngloGold Ashanti says full year production rises 4 percent

AngloGold Ashanti says full year production rises 4 percent

The company said it had also delivered a strong exploration result, with most of the year’s production replaced given success across a broad front.

Residential property: A 10-year bear market
Business News

Residential property: A 10-year bear market

Sell Western Cape, buy KwaZulu-Natal.
The self-driving car of investments
Business News

The self-driving car of investments

Would you let a machine manage your unit trust?
3 retirement myths busted
Business News

3 retirement myths busted

Risk and investment planning ‘inextricably linked’.
Can SA be a developmental state under Ramaphosa?
Business News

Can SA be a developmental state under Ramaphosa?

It may be a long shot for now. The new president must implement reform measures to growth the economy and root out corruption.
When Zimbabwe was the freest economy in the world
Africa

When Zimbabwe was the freest economy in the world

It was just a few years ago, when the MDC managed the country’s purse strings.
Clicks employees to share R1.3bn through BEE scheme
Business News

Clicks employees to share R1.3bn through BEE scheme

Clicks said the second and final payment would be made in 2019, adding to R34 million in dividends given to employees over the past six years.
Amplats says has delivered on restructuring portfolio, repositioning business
Business News

Amplats says has delivered on restructuring portfolio, repositioning business

Amplats said it had repositioned its portfolio with 70 percent of production in the first half of the cost curve after completing the disposal of Amandelbult mineral resources.
Winds of positive change blowing over markets
Business News

Winds of positive change blowing over markets

Anthea Gardner of Cartesian Capital shares her outlook for the markets.
Sassa set to give CPS more powers in grant distributions
Business News

Sassa set to give CPS more powers in grant distributions

CPS also wants to be paid a ‘reasonable’ fee if its contract with Sassa is extended for another six months.
SA’s rand weakens on Zuma’s refusal to resign
Business News

SA’s rand weakens on Zuma’s refusal to resign

The local currency had fallen to 11.99 early on Tuesday as markets awaited the outcome of an ANC meeting on Zuma’s fate, before climbing to around 11.88 later in the day after the party said it was recalling him.
Stats SA data reveals WC as SA’s highest job creator
Business News

Stats SA data reveals WC as SA’s highest job creator

Western Cape MEC for Economic Opportunities Alan Winde said according to the statistics, the Western Cape created 92,000 jobs in the last quarter of 2017.
Payment clearing house BankservAfrica appoints new chairperson
Business News

Payment clearing house BankservAfrica appoints new chairperson

BankservAfrica is an automated clearing house based in Johannesburg and operates both nationally and across Africa.
Vodacom says revenue up 6.7 percent to R22.6bn in quarter to December 2017
Business News

Vodacom says revenue up 6.7 percent to R22.6bn in quarter to December 2017

odacom said it added 2.5 million active customers during the quarter.
Will Viceroy’s Capitec report become a self-fulfilling prophecy?
Business News

Will Viceroy’s Capitec report become a self-fulfilling prophecy?

While the market takes comfort in Capitec’s damage control, there are concerns about a run on the bank.
Fears of another Sassa crisis intensify
Business News

Fears of another Sassa crisis intensify

Little progress in the Post Office’s plans to take over social grants. The blame is laid at Sassa’s door.
Benguela Fund Managers: Viceroy is right
Business News

Benguela Fund Managers: Viceroy is right

The boutique firm had already expressed similar concerns to Capitec.
MMI Holdings says Nicolaas Kruger to step down as CEO
Business News

MMI Holdings says Nicolaas Kruger to step down as CEO

Nicolaas Kruger would step down as CEO from mid February according to MMI Holdings.
At its current price, is Steinhoff a buy?
Business News

At its current price, is Steinhoff a buy?

Simon Brown advises investors to take caution.
8 things you didn’t know about former Steinhoff CEO Markus Jooste
Business

8 things you didn’t know about former Steinhoff CEO Markus Jooste

Former Steinhoff CEO Markus Jooste has sent shockwaves with his recent resignation from Steinhoff. 
Moody’s downgrades Steinhoff 4 notches in fallout from accounting irregularities
Business News

Moody’s downgrades Steinhoff 4 notches in fallout from accounting irregularities

Steinhoff said earlier this week its CEO Markus Jooste had resigned and that it had asked for an investigation into the discrepancies, triggering a heavy sell-off in its shares.
Five things you need to know about Steinhoff
Business News

Five things you need to know about Steinhoff

The German and South African-based company made a crippling announcement this week, citing accounting irregularities.
Steel and engineering industries welcome Absa’s November Purchasing Managers’ Index
Business News

Steel and engineering industries welcome Absa’s November Purchasing Managers’ Index

The PMI data released on Friday improved from 47.8 percent in October 2017 to 48.6 percent in November 2017.
Handy guide to Black Friday spending
Business News

Handy guide to Black Friday spending

Avoid any financial hangover this Black Friday by making conscious comparisons and purchases.


hot tips of the day
BEST BET

VALUE BET

RACE MEETING

hot tips of the day

poll

today in print