Fin24 News

03/22/2017 04:35 AM | Mashaba echoes Trump in targeting undocumented migrants
Mayor Herman Mashaba, who has been likened to US President Donald Trump, says he’s on a mission to clean up Johannesburg - and the prime targets in his sights are undocumented immigrants.

03/22/2017 04:14 AM | China firm to buy Chevron SA assets
China Petroleum & Chemical Corp. agreed to buy Chevron's South African assets for about $900m as part of its plan to expand in international markets.

03/22/2017 04:07 AM | Rand vs dollar: Why rand as main currency would be prudent
It would be prudent for Zimbabwe to use the rand rather than the US dollar, says Kupukile Mlambo, Deputy Governor of the Reserve Bank of Zimbabwe.

03/22/2017 03:51 AM | S&P holds Eskom rating steady
Standard & Poor’s has kept Eskom's credit rating at BB-, following more certainty of government support and the outcome of the Nersa ruling on tariff hikes.

03/22/2017 03:41 AM | Fears of jobs bloodbath grow over SA chicken crisis
Poultry producers, especially those in KwaZulu-Natal, are on the brink of closing shop, warns Agriculture Minister Senzeni Zokwana.

03/22/2017 03:38 AM | Eskom makes changes to the executive committee
Eskom has announced changes in the power utility's executive committee structure.

03/22/2017 03:07 AM | BMF growls over "useless" Financial Sector Charter
The Financial Sector Charter that stipulates good practice and black economic empowerment requirements for the industry “are useless”, says the Black Management Forum.

03/22/2017 02:40 AM | SA bans imports from Brazil over rotten meat scandal
South Africa has cracked the whip on some meat imports from Brazil following a scandal involving unsafe meat being exported to various countries, which could include SA.

03/22/2017 02:33 AM | Tencent profits jump 43% on mobile gaming success
Chinese technology giant Tencent reported a profit boost, helped by the growing popularity of its mobile games.

03/22/2017 12:53 AM | Rand cheers narrow deficit, easing CPI
The rand hit 20-month lows following a boost from a narrow current account deficit and lower consumer price inflation.

03/21/2017 11:39 PM | MUST READ: SA expatriate in Philippines dismisses high life myth
South Africans working abroad hardly live extravagantly or travel the world over - and the job comes at the painful cost of friends and family, says an expatriate.

03/21/2017 11:34 PM | Bets are on first SA rate cut in more than four years
Traders are adding to bets on the first rate cut in more than four years after data showed the current-account deficit narrowed and consumer inflation slowed for a second month.

03/21/2017 11:29 PM | Mercantile responds to black bank takeover bid proposal
The National Empowerment Fund has not approached Mercantile Bank or its holding company to express interest in purchasing Mercantile Bank, it has announced.

03/21/2017 09:53 PM | JSE wilts as investors join global flight to safe havens
Global stock markets have been a sea of red and investors on the JSE also joined the flight to safety, buying bonds and precious metals.

03/21/2017 09:43 PM | Uber launches new safety feature for SA
Cab-hailing service Uber has introduced Real-Time ID check to South Africa, a feature prompts Uber driver-partners to share a selfie from time to time before going online.

03/21/2017 09:30 PM | Nedbank CEO: We fared best among big 4 on transformation targets
Nedbank has acknowledged that its workforce profiles at senior management level should focus more on African employees.

03/21/2017 08:27 PM | Banks close accounts as last resort - SARB's Naidoo
It is not the intent of banking legislation to close the bank accounts of individuals and businesses, says Reserve Bank deputy governor Kuben Naidoo.

03/21/2017 08:11 PM | National Empowerment Fund mulling offer to create black-owned bank
National Empowerment Fund CEO Philisiwe Mthethwa says the fund is considering an offer of R12.2bn for Mercantile Bank, which will be selling its South African bank.

03/21/2017 07:25 PM | Black people still used as tokens - Zodwa Ntuli
Black people are still used as tokens in companies in South Africa that have not transformed adequately, says Zodwa Ntuli of the black empowerment commission.

03/21/2017 07:20 PM | SA current account deficit narrows to 1.7% of GDP
Improved dividend receipts, higher commodity prices and improved demand for domestic goods helped reduce the current account deficit, says the Reserve Bank.