(Reuters) – Workers at state-owned logistics firm Transnet will go on strike starting this Thursday over a wage dispute, two labour unions said, in a move that could halt the export of key minerals and other cargo. Transnet has been operating below capacity due to a shortage of locomotives, poor maintenance and vandalism and theft of …
Transnet workers to strike this week over wages – unions Read More »
(Reuters) – South Africa’s rand strengthened in early trade on Tuesday, ahead of the central bank’s biannual monetary policy review due later in the day. At 0635 GMT, the rand traded at 17.7200 against the dollar, 0.76% stronger than its previous close. The dollar index, which measures the currency against six rivals, was last down …
Rand strengthens ahead of central bank policy review Read More »
(Reuters) – Sibanye-Stillwater said on Monday that it had raised its stake in Finnish battery chemical maker Keliber to 84.96%, in its bid to boost the production of lithium hydroxide. The South Africa-listed miner had taken a 30.29% stake in Keliber in February as part of its diversification strategy into battery metals. It had offered …
Sibanye-Stillwater raises stake in Finland’s Keliber Read More »
(Reuters) – South African manufacturing activity contracted in September as extensive power cuts weighed on production and new sales orders declined, a survey showed on Monday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) was at 48.2 points in September from 52.1 points in August, falling below the 50-point mark that separates expansion from contraction. “Even …
South African factory activity contracts in September- Absa PMI Read More »
(Reuters) – South Africa’s rand firmed in early trade on Monday, ahead of a local purchasing managers’ index (PMI) survey and new vehicle sales data that could give some clues on the health of the economy. At 0639 GMT, the rand traded at 18.0375 against the dollar, 0.21% stronger than its previous close. The dollar …
Rand firms ahead of local PMI, vehicle sales data Read More »
LONDON (Reuters) – President Cyril Ramaphosa will make a state visit to Britain, Buckingham Palace said on Monday, the first such visit since King Charles succeeded his late mother Queen Elizabeth last month. Ramaphosa and his wife, Tshepo Motsepe, have accepted an invitation from the new British monarch for the Nov. 22-24 state visit, the …
TOKYO (Reuters) – The Bank of Japan kept ultra-low interest rates on Thursday and vowed to hold them there to support economic growth as it swam against a global tide of monetary tightening by central banks fighting to rein in soaring inflation. The decision came after the U.S. Federal Reserve delivered its third straight rate …
Japan keeps rates ultra-low, defying global race to tighten Read More »
JOHANNESBURG (Reuters) – The rand traded weaker early on Monday, bruised by a strong dollar and lengthy power cuts by state-owned utility Eskom. At 0630 GMT, the rand traded at 17.6925 against the dollar, around 0.4% weaker than its previous close. The dollar was up over 0.3% against a basket of currencies, as investors braced …
LONDON (Reuters) -Leaders and monarchs from across the globe gathered in London on Monday to bid farewell to Britain’s Queen Elizabeth at a state funeral of inimitable pageantry, marking the passing of a beloved figure who unified the nation through her 70-year reign. Thousands of people lined the streets to witness the passage of the …
Leaders and monarchs gather for final farewell to Queen Elizabeth Read More »
(Reuters) – South Africa’s rand slid in early trade on Friday, as the U.S. dollar hovered near its recent peaks on expectations that the Federal Reserve would need to hike rates more to tame inflation. At 0701 GMT, the rand traded at 17.6100 against the dollar, 0.13% weaker than its previous close. “The more immediate, …
Rand slides as dollar steadies ahead of Fed; stocks fall Read More »
