Ray Faure
latest news & developmentsManuel: 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…