The US Federal Reserve announced, as widely expected, that it would start scaling back its pandemic-era bond purchases, a process known as “tapering“, by reducing its $120bn-a-month programme monthly by $15bn, which means it should end its support of the economy by the end of June or July next year. Fed chair Jerome Powell, however, kept …
The JSE leaped 1.19% to 68,587.27 points in a busy corporate news day, with helium producer Renergen leading the charge. The emerging helium and natural gas producer surged as much as 18% in intraday trade before ending the day at a still substantial 14.88% after the dual-listed group reported an over 600% increase in methane and …
Market wrap: JSE leaps 1.19% in busy corporate news day Read More »
The petrol price hit a whopping R19.50 on Wednesday and experts already expect our wallets to take a few more body blows over the coming months with more increases in sight. Petrol has increased by R5 a litre since January and we’re almost certain to be paying R20 a litre by the year end as …
Editorial: Petrol prices hammer the purse strings Read More »
South Africa is one of the world’s biggest carbon criminals, with Eskom recently surpassing China and the US combined on emitting sulphur dioxide. It’s no wonder that some of the world’s superpowers have pledged R131bn over the next three to five years to help pay for rehab to rid us of our coal addiction. The announcement at COP26, …
The local stock market closed 0.47% firmer at 67,782.20 points despite a slump in commodity prices. Kumba Iron (-7.80%), Exxaro (-4.93%), BHP (-2.68%) and Anglo American (-0.89%) bled after iron ore prices plummeted to below $100 a ton amid shrinking steel output in China and signs that economic growth is facing mounting headwinds. Bloomberg reports …
Market wrap: JSE stands firm despite iron ore blow Read More »
Startlingly low voter turnout will leave many a politician biting their nails today as the results trickle in from yesterday’s local government elections. Some early predictions see the Democratic Alliance holding onto the Cape Town metro and 34-year-old Geordin Hill-Lewis becoming the next mayor, the ANC should hold onto Buffalo City but may struggle in …
Low voter turnout in our sixth round of municipal elections since 1994 is casting a shadow over our democracy, with millions of disillusioned South Africans opting to make their mark by staying away. Mere hours before the polls closed last night only about 8 million of the country’s total of 26.2 million registered voters made their mark, …
While you were asleep: Crucial municipal vote marred by low voter turnout Read More »
The JSE ended the week in the red as weaker metal prices weighed on commodity stocks to drag the bourse down 0.44% at 67,464.69 points. For the month of October, however, it was metals prices that kept the JSE afloat. Bloomberg reports the mining index, which represents about 40% of the benchmark equities index, rose …
Market wrap: Weak metal prices weigh on JSE and rand Read More »
We don’t need much to distract us from the real problems, and it’s not a bad thing. This time it’s Mark Zuckerberg serving up the weekend table talk, meta new name for Facebook and he’s feeling the sting of the brutal internet. Social media rival Twitter was first on the bandwagon, but for the masses Meta meant maul Mark. Bloomberg …
While you were asleep: Meta what you must, the internet is brutal Read More »
The JSE ended in positive territory on a bubbling performance from the world’s largest beer maker, one of the top 10 stocks by market value that gained alongside seven of its peers. Anheuser-Busch InBev jumped 13.55% after the brewer posted a surprise increase in third-quarter profit, buoyed by beer sales in Brazil and upgraded its forecast …
Market wrap: JSE bubbles as world’s biggest brewer posts surprise profit rise Read More »
