Stocks

Much of the enthusiasm for a new financial order might well be misaligned

US shares were battered earlier in the week by consumer price index data showing widespread inflation pressures

South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19

Wealthy millennials are investing heavily in big tech companies

The business of sport in South Africa is coming under the focus of the Competition Commission on concerns that some practices may be uncompetitive

Stocks have booked a 1.6% gain, led by Kumba Iron Ore’s upbeat guidance for its full-year results.

The gold production company has reported record highs at its Tau Lekoa flagship mine and restructuring at other operations.

The Johannesburg stock exchange has started discussions with contractors to begin building a co-location service that will speed up trading.

The JSE proved its resilience this week, with stocks rising to a two-month high on Wednesday, despite concerns about labour unrest.

The rand has held steady against the dollar in early trade but looked vulnerable after hitting a four-year low in the previous session.

Europe and Asia joined Wall Street’s sell-off on Tuesday, sending world stocks to their lowest since April 2003.

The JSE slipped into weaker territory by noon on Wednesday as negative sentiment seeped back and weighed on global markets.

Shares in SA banks fell on Tuesday after Fitch downgraded its outlook on Absa, Investec and Nedbank, citing deteriorating conditions in the economy.

The JSE remained firm in morning trade on Monday, held up by impressive gains in resources and precious metal prices.

A world equities rally mostly stalled on Monday as investors questioned whether the much-vaunted US rescue plan would resolve a global crisis.