Mail & Guardian
Mail & Guardian
Ray Faure

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Ray Faure

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Brace for a 33c petrol price hike, say economists

The price of petrol is likely to rise by at least 33c a litre next Wednesday — but the increase could be far higher, say economists.

Manuel: World got global response to crisis

South Africa has come away from the G20 summit feeling that a fair amount has been achieved, Finance Minister Trevor Manuel said on Friday.

JSE boosted by resources, miners

SA stocks were sharply firmer in noon trade on Thursday as the recovery in resources and mining stocks continued amid generally firmer world markets.

Industrials keep market aloft

The JSE was firmer on Friday, held aloft by industrial stocks which received a shot in the arm from news that British American Tobacco will be listed.

Nedbank reports increase in earnings

Nedbank Group has reported a 6,8% increase in diluted headline earnings per share from 673 cents to 719 cents for the six months ended June.

Business confidence dips in October

After bouncing back to 98,7 in October, the SACCI Business Confidence Index (BCI) dipped to 96,9 in October, which is its lowest level since June 2004. The South African Chamber…

Discovery could face millions of rands in claims

Three hundred former and present members of Discovery Health are suing the insurer for R852Â 000 in connection with an ancillary fee that they believe was charged illegally. But…

JSE lower in line with world markets

The JSE remained lower at noon Wednesday in tandem with overseas markets but miners managed modest gains amid better precious metal prices and concerns over wage talks. At noon…

Rate hike seems unavoidable, analysts say

With CPIX breaching the upper limit of the South African Reserve Bank’s (SARB) inflation target of 3% to 6% for the first time in 44 months in April, economists feel that an…

JSE down on Asian markets, commodities

The JSE was weaker in noon trade on Tuesday as weakness in Asian markets and lower commodity prices weighed on the market. At 11.55am, the all-share index was off 0,59%, with…

Nedbank CEO smiles over turnaround

Nedbank — once regarded by many as the doyen of South Africa’s so-called "big four" banks before losing some of its sheen — continues to make major strides in its turnaround…

Alexander Forbes ready to move forward

Peter Moyo, CEO of financial and risk services provider Alexander Forbes, says the group is now firmly focused on extracting growth and shareholder value from its businesses in…

JSE hits new high

Despite a firmer rand, the JSE hit a new all-time high on Tuesday morning, with the all-share index breaking through the key 24 000 barrier. However, some traders described the…

JSE up with resources leading charge

Despite a slightly stronger rand, the JSE was up almost 100 points in midday trade on Monday, with resource stocks leading the charge. Dealers said resource stocks had received a…

JSE weaker on rand, profit-taking

A stronger rand and some profit-taking saw the JSE in the red in noon trade on Wednesday after two days of strong gains. Dealers said profit-taking on resources giant Anglo…

Vehicle sales not slowing down yet

With the base of demand for new cars growing substantially over the past five years and overall rates of economic growth expected to remain buoyant, the remaining months of 2006…

FNB announces $30m sponsorship for 2010 Cup

First National Bank (FNB), which is heavily invested in South African soccer, announced on Thursday that it will sponsor the 2010 Fifa World Cup to the tune of $30-million (about…

SAA operating profit dwindles from R1b to R300m

Spiralling fuel costs, a strike and a later-than-planned introduction of new routes saw South African Airways’ (SAA) operating profit for the year ended March dwindle from…

‘Beginning of the end of the great SA banking rip-off’

Flamboyant United Kingdom businessman Sir Richard Branson on Monday launched the Virgin Money credit card in the South Africa, predicting that it would lead to the biggest…

Planes: Hypodermic needles designated as dangerous

Hypodermic needles have been designated as dangerous items — as opposed to prohibited articles — on passenger aircraft by the chief of civil aviation. This follows the alleged…