aurora
- businessweekly
- February 4, 2020
- 75 views
Stocks firmer as China’s markets recoup some virus losses
SYDNEY/TOKYO – Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although investor sentiment remained fragile with oil near 13-month lows.
- businessweekly
- February 4, 2020
- 51 views
Anglo American to decide this year on fate of South African thermal coal assets
CAPE TOWN – Global miner Anglo American expects to decide this year whether to sell its South African thermal coal business, Chief Executive Mark Cutifani told Reuters on Monday.
- businessweekly
- February 4, 2020
- 101 views
Hwange business group seeks partners
A Hwange business group has said it was seeking strategic partnerships with local and foreign firms to attract investment to the coal-rich district.
- businessweekly
- February 4, 2020
- 163 views
Top businessmen fingered in corruption
Prominent local businessman, Kudakwashe Tagwirei- who has vast business interests in the fuel sector – was on Monday accused of involvement in corruption, including illegal foreign currency trading stifling economic…
- businessweekly
- February 3, 2020
- 68 views
Unanswered questions
South Africans need to know what maintenance is needed to get existing power stations operating reliably enough to avoid long-term loadshedding. In the short term the country’s best option may be for predictable power cuts while the maintenance backlog is addressed.
- businessweekly
- February 3, 2020
- 59 views
Like an unreliable car bought with debt
Ending the power cuts has to begin with understanding Eskom’s precarious financial position.
- businessweekly
- February 3, 2020
- 78 views
South Africa’s energy crisis has triggered lots of ideas: why most are wrong
Since late last year South Africans have, once again, been subjected to power cuts by the power utility, Eskom. The need for what’s called loadshedding – planned power outages – led to the recent resignation of Eskom’s chairperson and a flurry of concern about the current and future reliability of electricity supply. It has also raised questions about the lack of progress in resolving Eskom’s financial and operational crises since Cyril Ramaphosa became the country’s president in early 2018.
- businessweekly
- February 3, 2020
- 70 views
Global slowdown
In a bid to soften the blow on China’s economy, the country’s central bank cut reverse repo rates by 10 basis points and injected 1.2 trillion yuan ($173.8 billion) of liquidity into the markets on Monday.
- businessweekly
- February 3, 2020
- 71 views
Global stocks at seven-week lows as virus fears hit China after holiday
A gauge of global stocks was near seven-week lows on Monday as Asian stocks plunged on their first trading day after a long break, amid fears the coronavirus epidemic would hit demand in China.
- businessweekly
- February 3, 2020
- 62 views
Rand firmer as virus selloff pauses
South Africa’s rand firmed on Monday to back below the key 15.00 per dollar mark, mostly on profit-taking and month-end positioning after a steep slide triggered by global coronavirus fears dragged the currency to its weakest level in three months.