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UK's May stands firm as Brexit backers plot her removal

After months of veiled threats and dark warnings, the pro-Brexit army of hardliners have finally mobilized

Forex shortages hit Zimbabwe's local bourse

The Zimbabwe Stock Exchange is the latest institution in the southern African country to be hit by critical foreign currency shortages.

Postbank: State bank in the making singles out customers at the bottom of the pyramid

With double the required amount of capital in hand, Postbank says it's ready to be a fully fledged bank, able to offer loans to a largely ignored market segment.

Zimbabwe raises gold miners' forex allowances after output halt

Zimbabwe's central bank increased the amount of foreign exchange that gold companies can retain after a shortage forced some mines to close.

Zimbabwe must be supported, Ramaphosa tells EU hosts

Zimbabwe was part of the agenda of talks President Cyril Ramaphosa had with European Union leaders.

Markets WRAP: Pound takes Brexit tumble as rand gains

The rand was trading 2.51% stronger against the pound on Thursday afternoon after Prime Minister Theresa May was hit by two Cabinet resignations, and news she may face a no-confidence vote over Brexit.

Basa urges protection of property rights in expropriation move

The Banking Association of South Africa has urged government to protect property rights as Parliament adopted the report recommending the Constitution be amended to allow for expropriation without compensation.

Rothschild not in business with Eskom - Radebe

Eskom is not doing business with the Rothschild Group - where former finance minister Trevor Manuel serves as deputy chair - despite meetings and correspondence between the two, Energy Minister Jeff Radebe has said.

New mobile data rules: Relief coming for consumers as Icasa settles case with Cell C, MTN

Icasa says it has reached a settlement with Cell C and MTN over the implementation of data rules.

SA economy 'like stuck record' in record 5-year slump - report

SA's economy has been stuck repeating the same limited movements for a record 59 months, says the latest BankservAfrica Economic Transaction Index report.

Global stocks mixed as draft Brexit deal causes fractures

Global stocks including the JSE traded relatively mixed on Thursday as the British Prime Minister tried to save the draft Brexit deal.

Numsa to challenge court order barring violence in plastics strike

Numsa vowed on Thursday to challenge a recent decision by the Labour Court to grant a temporary contempt of court order to prevent violence in the strike in the plastics sector.

Mediclinic interim results disappointing due to Swiss impact - CEO

Mediclinic's first half group performance was impacted by actions taken at Hirslanden to address structural changes across the Swiss healthcare environment

Is May's time up? Brexit backers plot leadership challenge

After months of veiled threats and dark warnings, the pro-Brexit army of hardliners have finally mobilized.

Apple's outlook dims as suppliers worldwide sound the alarm

The bad news keeps piling up for Apple ahead of the crucial holiday season.

The Foschini Group to take on Amazon with bold new e-commerce plan

The Foschini Group has unveiled plans to reposition its e-commerce platform into a diverse marketplace, covering everything from food to pets, decor and even drones.

National NUM intervenes in Gold Fields impasse amid ongoing violence

This is the first time that the union's national leadership has met with Gold Fields since the beginning of the strike.

Marie Antoinette pendant fetches $36 million, shattering estimate

A pearl and diamond pendant owned by Marie Antoinette before she was beheaded during the French revolution sold for $36m at an auction on Wednesday, shattering its estimated sale price of up to $2m.

Agri SA says adoption of resolution on land expropriation will damage economy

The federation of agricultural organisations says the adoption by a committee of Parliament of a resolution to alter the Constitution to allow for expropriation without compensation will hurt investor confidence.

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