en-za-hotdailynews: 2015-08-02 South Africa Business

Gold miners still a drag for the PIC's pensioners
Times LIVE
A derelict gold mine shaft's winding gear sits in front of the setting sun on July 15, 2013 in Johannesburg, South Africa. Image: Christopher Furlong/Getty Images. The Public Investment Corporation (PIC), which invests on behalf of the Government ...
South African unions divided over gold producers' wage offer   Reuters Africa
Sibanye says strike is unlikely   Independent Online
South African Gold Mines See Unions Likely Accepting Pay Offer   Bloomberg
BDlive
all 30 news articles »

Rand recovers from 14-year lows on trade surplus
Times LIVE
South Africa's rand touched a new 14-year low against the dollar on Friday but later turned firmer, helped by data showing a surplus in the trade balance for the second month in a row. The local unit hit its weakest in the session at 12.7700/dollar, a ...
South Africa's rand recovers from 14-year lows on trade surplus   Reuters Africa
Another trade surplus in June as exports outstrip imports   BDlive
South Africa Trade Surplus Rises in June as Oil Imports Drop   Bloomberg
Pound Sterling Live
all 11 news articles »

What financial services can learn from stokvels
Moneyweb.co.za
JOHANNESBURG – The financial services sector needs to learn from informal savings clubs, such as stokvels, and adopt the benefits they offer of easy access, transparency and simplicity, says Old Mutual research manager, Lynette Nicholson. Discussing ...

South Africans To Build Emergency Funds   3BL Media (press release)
Learning to live on less?   Independent Online

all 4 news articles »

BDlive

Platinum Group dismisses liquidation claims
eNCA
The Platinum Group has released a statement dismissing reports that ii has been placed in liquidation. Photo: Supplied source / shopdisplay website. CAPE TOWN - The Platinum Group on Friday dismissed reports that it has been placed under liquidation.
PG dismisses liquidation reports   Independent Online
Aca Joe owner placed under liquidation   BDlive
Platinum Group Services denies alleged liquidation   The Citizen (press release) (blog)

all 7 news articles »

'Kickback' scandal engulfs Transnet
M&G Centre for Investigative Journalism
NEWSFLASH: Neotel confirms CEO and CFO have taken special leave pending an investigation of suspected commission payments in Transnet contracts. NEWSFLASH: Neotel confirms CEO and CFO have taken special leave pending an investigation of ...

Neotel CEO and CFO on 'special leave'   Eyewitness News
Neotel CEO, CFO placed on special leave   Moneyweb.co.za
Neotel board reports possible bribery to police   MyBroadband
htxt.africa
TechCentral
BusinessTech
all 15 news articles »

Nevsun lowers 2015 guidance
Creamer Media's Mining Weekly
JOHANNESBURG (miningweekly.com) – TSX- and NYSE-listed Nevsun Resources on Friday revised its 2015 production guidance downwards to 140-million to 150-million pounds of copper owing to unplanned plant stoppages during the first half of the year.
Nevsun Continues to Generate Free Cash Flow in Q2 2015   Junior Mining Network
Nevsun Resources Price Target Lowered to C$4.80 at Scotiabank (NSU)   Dakota Financial News
Nevsun Resources (NSU) Announces Quarterly Earnings Results, Misses Estimates ...   The Legacy
Watch List News
WallStreet Scope
all 25 news articles »

Kenya's East African Breweries to defend Tanzania investment, FY profit jumps
Reuters Africa
NAIROBI, July 31 (Reuters) - Kenya's East African Breweries Ltd (EABL) said on Friday it would try to convince Tanzanian authorities not to revoke its acquisition of a controlling stake in Tanzania's second-largest brewery. Tanzania's Fair Competition ...

EABL reports 40 per cent jump in full-year profit to Sh9.5 billion   The Standard Digital News (satire) (press release) (registration) (blog)
UPDATE 2-Kenya's East African Breweries to defend Tanzania investment, FY ...   Reuters
Diageo Unit to Focus on Tanzanian Growth After Merger Threatened   Bloomberg
AllAfrica.com
K24 TV
all 21 news articles »

Diamondcorp Plc's Buy Rating Reaffirmed at Panmure Gordon (DCP)
The Legacy
Diamondcorp Plc logo Panmure Gordon reissued their buy rating on shares of Diamondcorp Plc (LON:DCP) in a resaerch note published onFriday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 23 ($0.36) price objective on the stock.
Diamondcorp Plc's Buy Rating Reaffirmed at Northland Securities (DCP)   Mideast Time
Mining Sector: DiamondCorp falls on slower than planned tunnel work   Interactive Investor
Diamondcorp (LON:DCP) Stock Rating Reaffirmed at WH Ireland; The GBX 17.90 ...   OctaFinance.com
Dakota Financial News
Proactive Investors UK
all 15 news articles »

Nigeria's Dangote Flour 9-mo pretax loss widens to 9.55 bln naira
Reuters Africa
LAGOS (Reuters) - Nigeria's Dangote Flour reported a wider nine-month pretax loss of 9.55 billion naira ($48 million) versus 6.28 billion a year ago, the local unit of South Africa's Tiger Brands said on Friday. Revenue rose to 33.10 billion naira in ...
UACN, Dangote Sugar refinery profit falls   BusinessDay

all 49 news articles »

Petrol Rate Slashed By Rs 2.43/Litre, Diesel Comes Down By Rs 3.60/Litre
Mizo News
Recently State-controlled oil firms have declared yet another reduction in fuel rates. In the newest diminution, petrol cost has been slashed by Rs 2.43 per litre and diesel by Rs 3.60 per litre effective tonight.
Himachal Pradesh hikes VAT on diesel by 4.50 per cent   Economic Times
Petrol Price Cut by Rs. 2.43/Litre, Diesel Cut by Rs. 3.60/Litre   NDTV
IOC to cut diesel, gasoline prices from Saturday   Reuters
Firstpost
Reuters Africa
Daily News & Analysis
all 164 news articles »

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