Mail & Guardian
Mail & Guardian
ray faurelatest news & developments

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.

Ramos to become new Absa CEO

Banking group Absa announced on Friday that exiting Transnet boss Maria Ramos is to take over as CEO of the group in March next year.

RMB Holdings reports drop in earnings

Financial services group RMB Holdings has reported a 6% decline in headline earnings per share to 311,7 cents for the year ended June.

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.

JSE lower, Anglo, firm rand weigh

The JSE was weaker in quiet trade at midday, weighed down by a firmer rand, lower metal prices and what was described as a disappointing production report from Anglo American.…

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…

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 a tad firmer ahead of MPC

Notwithstanding a slightly firmer rand, the JSE was marginally firmer in quiet, sideways trade at noon on Thursday ahead of the Reserve Bank’s Monetary Policy Committee (MPC)…

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…

Nedbank seen delivering on commitments

Nedbank is putting its money where its mouth is — delivering on the commitments it made to shareholders as part of its turnaround strategy two years ago. Monday saw the group…

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…