Anchor Capital said that South African markets closed in the green yesterday, led by gains in mining sector stocks.
Business Report
Media Production
Cape Town, Western Cape 972 followers
South Africa's most widely read financial daily
About us
Business Report is South Africa’s leading business-focused publication, with more than a million loyal readers visiting our platforms a day. A member of the Independent Media group, it is staffed and edited by award-winning journalists. Our readers are spread across a variety of industries and are generally well-educated professionals in positions of influence. Our readers include executives, Cabinet Ministers, private investors and entrepreneurs.
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https://www.iol.co.za/business-report
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Updates
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The property industry received a boost from the decision by the South African Reserve Bank (SARB) to cut the interest rate by 25 basis points during its Monetary Policy Committee (MPC) meeting on Thursday.
Interest rate cut brings cautious optimism to South Africa’s property market
iol.co.za
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The National Energy Regulator of South Africa’s (Nersa) downward adjustment of the over 36% tariff increase Eskom had applied for to accrue savings for the consumer of about R1 billion in the next three years came as cold comfort to business, consumer and civic organisations who felt the power utility had been allowed to squeeze them out of pocket.
Nersa’s tariff decision provides little solace for consumers as Eskom’s costs escalate
iol.co.za
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Sandton is still a vibrant property node, Estienne de Klerk, the South African CEO of Growthpoint Properties, said this week.
Growthpoint SA CEO: Sandton remains vibrant property hub despite market challenges
iol.co.za
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The International Monetary Fund (IMF) is weighing proposals for South Africa’s government to adopt a "debt-ceiling" strategy akin to that of the US government, aiming to address the nation’s rapidly escalating and unsustainable debt burden.
IMF proposes debt ceiling strategy for South Africa to tackle unsustainable debt
iol.co.za
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Today's edition of Business Report is ready for you to read, make sure you get yourself a copy! You can also catch up on the latest business news throughout the day by visiting our website: https://lnkd.in/ezdyFbNV
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South Africa plans to raise $50 million (R992m) to help fund a bid to host a Formula 1 race, Sports Minister Gayton McKenzie said in an interview.
Africa’s richest nation to raise $50 million for Formula 1 bid
iol.co.za
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The South African Reserve Bank (SARB) has adopted a circumspect stance regarding the potential for further interest rate cuts this year amidst a backdrop of uncertain global economic conditions.
SARB strikes a cautious tone on further interest rate cuts amid global uncertainties
iol.co.za
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Glencore’s coal production from South Africa fell by 7% in 2024 due to constrained export rail capacity under Transnet, although the company on Thursday said it would ramp up output once capacity was restored.
Glencore’s South Africa coal output drops 7% in 2024 due to rail capacity issues
iol.co.za
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Parliament’s Portfolio Committee on Communications and Digital Technologies has proposed the removal of business rescue practitioners (BRPs) of the South African Post Office (SAPO), Anoosh Rooplal and Juanito Damons, in a decisive move reflecting growing frustration over its precarious state.
Parliament committee calls for dismissal of SA Post Office business rescue practitioners
iol.co.za