HOME CAREERS CONTACT US LOGIN

13h32 South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said.  Full story
11/12 South African exchange operator JSE launched an investigation on Monday into whether Steinhoff broke disclosure rules, heaping pressure on the retailer as it tries to contain an accounting scandal.  Full story
15h18 The South African revenue service (SARS) is concerned about falling tax compliance as some tax payers have stopped paying their taxes over unhappiness with the government, the agency said on Tuesday.  Full story
07/12 Shocked Steinhoff shareholders have wiped more than $12 billion off its value since it revealed "accounting irregularities" and parted ways with its chief executive, in a dramatic fall from grace for the South African retailer.  Full story
08/12 Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.  Full story
06/12 Steinhoff International shares crashed on Wednesday after it revealed accounting irregularities and its CEO quit, shocking investors who had backed the rapid reinvention of a South African furniture chain into an international retail empire.  Full story
18h02 Revenue for the year was R52 million (2016:R14.3 million) and gross profit came in at R11.4 million (2016: R7.6 million). Operating loss of R1.9 million was recorded (2016:profit of 255 000).. . .  Full story
15h18 The South African revenue service (SARS) is concerned about falling tax compliance as some tax payers have stopped paying their taxes over unhappiness with the government, the agency said on Tuesday.. . .  Full story
13h14 South Africa's manufacturing output rose 2.2 percent year-on-year in October, beating market expectations, after falling by a revised 1.7 percent in September, Statistics South Africa said on Tuesday.. . .  Full story
11h16 South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources. . .  Full story
11h03 South Africa's Department of Trade and Industry and the Companies and Intellectual Property Commission said on Tuesday they would investigate whether retailer Steinhoff had breached domestic company laws.. . .  Full story
22h24 Britain's biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs, its operator said on Tuesday, disrupting gas flows and sending international crude. . .  Full story
21h45 Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.. . .  Full story
21h38 /p>. . .  Full story
21h00 Shares in Glencore-owned Katanga Mining Ltd, surged for the second straight day on Tuesday on news it has restarted a copper and cobalt mining operation that will become one of the world's biggest producers of. . .  Full story
20h39 The British government on Tuesday began a long-delayed hunt for a new head of the Serious Fraud Office (SFO) after announcing plans to create a new national economic crime centre with the power to. . .  Full story
23h04 Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $20,000-mark is within reach.  Full story
15h46 Israel's markets regulator said on Tuesday bitcoin-based companies would not be included in any indexes on the Tel Aviv Stock Exchange (TASE) but that does not mean they should be banned from trading.  Full story
12h18 The Seoul-based operator of the world's busiest virtual currency exchange Bithumb said on Tuesday it will fully comply with potential regulations from the South Korean government and adequately capitalize itself to protect its clients.  Full story
11/12 The European Union needs to consider regulating bitcoin, European Central Bank ratesetter Ewald Nowotny said on Monday, citing the risk of money laundering.  Full story
08/12 Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than an hour on the U.S.-b  Full story
18h18 South Africa's rand weakened on Tuesday as an upcoming conference of the ruling African National Congress (ANC) party to pick a new leader and bets of higher interest rates in the United States kept investors. . .  Full story
13h32 South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter. . .  Full story
07h39 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story
11/12 A weaker pound, rising oil prices and growing confidence in the financial sector helped pushed British shares higher and well ahead of their European peers on Monday.. . .  Full story
11/12 South Africa's rand firmed against the dollar on Monday as the greenback retreated, while a recovery of Steinhoff's shares following a week of turmoil at the global retailer lifted blue chip stocks.. . .  Full story
22h55 A Russian pipeline project that would boost Moscow's ability to manipulate European energy markets can be slowed by Denmark but ultimately Germany would be needed to stop it, U.S. State Department officials said on Tuesday.. . .  Full story
22h13 Canadian asset manager Desjardins Group is partnering with five credit union centrals and insurer Cumis Group to form a wealth management firm with about C$55 billion ($42.74 billion) in assets under management.. . .  Full story
21h43 U.S. Treasury yields rose on Tuesday as stronger-than-forecast data on producer prices in November offset average demand at a $12 billion auction of 30-year bonds. The two-year yield reached its highest. . .  Full story
21h06 When U.S.-based scientist Christopher Cantrell heard President Donald Trump pull the United States out of the Paris climate accord, he did not imagine that six months later he would be shaking the French leader's hand. . .  Full story
21h00 Canada on Tuesday scrapped plans to buy 18 Boeing Co jets and made clear the company had little chance of winning a larger contract for 88 fighters unless it dropped a challenge against planemaker. . .  Full story
21h52 Major European stock indexes closed higher on Tuesday as the S&P and the Dow advanced further into record territory, while Brent crude oil slipped after reaching $65 per barrel for the first time since. . .  Full story
21h52 One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned.. . .  Full story
21h41 The U.S. dollar rose to almost one-month highs against a basket of currencies on Tuesday as the Federal Reserve began a two-day policy meeting where it is widely expected to raise interest rates for. . .  Full story
20h54 Gold prices retreated to a near five-month low on Tuesday as investors braced for a widely expected U.S. interest rate increase this week and looked for clues about further hikes from the Federal Reserve.. . .  Full story
20h06 . . .  Full story
17h58 Somalia's economic growth is expected to pick up next year and in 2019 after drought and security issues cut growth this year, the International Monetary Fund said on Tuesday.. . .  Full story
16h50 Access Bank Ghana shareholders have approved a programme of capital raising via bonds and rights issues worth 450 million cedis ($100 mln), the bank said on Tuesday.. . .  Full story
16h50 The International Monetary Fund expects economic growth in Namibia to reach 4 percent in the 2019/2020 financial year, driven by growth in mining, the fund's senior official said on Tuesday.. . .  Full story
16h46 Guinea will receive a loan package worth $650 million under a new three-year programme with the International Monetary Fund (IMF), Finance Minister Maladho Kaba told reporters on Tuesday.. . .  Full story
16h30 A major Nigerian oil union that has threatened to launch a nationwide strike next week will meet government officials on Wednesday to discuss their labour dispute, the union's general secretary said on Tuesday.. . .  Full story
16h41 Middle East stock markets mostly rose on Tuesday after the shutdown of a North Sea pipeline pushed Brent oil above $65 a barrel for the first time since mid-2015.. . .  Full story
15h14 Chinese lenders' short-term household loans almost doubled last month from a year ago, according to central bank data, as regulators clamp down on other opaque forms of borrowing to tame risks linked to a. . .  Full story
14h58 India's retail inflation in November breached the central bank's medium-term target of 4 percent, which could put pressure on it to raise policy rates in 2018.. . .  Full story
14h00 Saudi Aramco signed on Tuesday 13 memoranda of understanding (MOUs) worth around 6.3 billion riyals ($1.68 billion) with local and foreign companies as part a drive to expand the kingdom’s industrial base and manufacture a. . .  Full story
13h45 Less than two weeks after OPEC's decision to extend oil production cuts, Libya and Nigeria – the only two exempt members of the group – are signalling their intent to raise output next year.. . .  Full story
23h19 Europe's biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, in a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon.  Full story
23h16 An explosion and fire that ripped through Austria's main gas pipeline hub on Tuesday killed one person and injured 21 others, prompting Italy to declare a state of emergency as flows from the strategic site were cut off for most of the day.  Full story
23h08 Australian shares are expected to open flat on Wednesday with gains in financial stocks set to be offset by weaker materials stocks. Financial stocks are expected to mirror their Wall Street peers, while materials are set to fall on lower commodity prices. The local share price index future  Full story
23h06 Canada's main stock index ended marginally higher on Tuesday, boosted by gains for some financial and materials stocks as well as consumer names, while energy companies weighed with lower oil prices.  Full story
23h03 The S&P 500 and the Dow registered record closing highs on Tuesday with a boost from bank stocks as investors eyed a potential cut in U.S. corporate taxes and continued economic growth after strong inflation data.  Full story
USA Week Ahead
08/12 Stocks that have been lackluster so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year.  Full story


Social Media
Like Sharenet on Facebook          Follow Sharenet on Twitter
Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa