South Africa experienced strong foreign direct investment (FDI) inflows in the first three months of the year despite a slew of sovereign ratings downgrades.
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Plans for the restructured SAA received a major boost yesterday when the government committed to fund the R10billion needed to conclude the final stages of the airline's business rescue plan.
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Anglo American Platinum (Amplats) lost 521600 platinum group metals (PGMs) ounces in the second quarter ended in June, due to the impact of shutdowns.
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Property Reit Hyprop Investments said yesterday its dividend per share for the year to June 30 was expected to be at least 15 percent, or 111.7 cents, per share less than the previous year.
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South African households are buckling under the Covid-19 outbreak as 58percent of them are reported to be under financial stress, according to the latest survey by Old Mutual Savings & Investment Monitor.
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Kumba Iron Ore yesterday reported production during the six months ended June had dropped 11percent as lockdown regulations since March had had an extensive impact on mining production.
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Richemont’s share price declined by more than 5percent yesterday after the Swiss luxury goods company's sales for the first quarter to the end of June nearly halved.
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The South African economy extended its longest downward cycle since 1945 as restrictions to curb the spread of the coronavirus weighed on output.
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Billionaires looked after by Swiss bank UBS are looking to move some of their cash out of equities after profiting from an unprecedented sell-off and rapid rebound from March to May.
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Following the endless stream of Covid-19 headlines, extended lockdowns and associated economic hardships, we are all suffering from Armageddon fatigue.
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