South African business sentiment has risen to an almost two-year high, underpinned by the end of load shedding.
Browsing: Investment
President Cyril Ramaphosa told China’s Xi Jinping on Monday he wanted to narrow South Africa’s trade deficit with Beijing.
The rand strengthened to a 13-month high on Friday, supported by improved investor sentiment.
Nvidia’s quarterly forecast on Wednesday failed to meet lofty expectations of investors.
President Cyril Ramaphosa said the unity government is forging closer ties with business, with positive spin-offs for the country.
Naspers has urged South African regulators not to smother digital platforms with red tape.
Temu owner PDD Holdings has become the latest company to surprise investors with a gloomy outlook.
Inflation fell more than expected in July, opening the way for interest rate cuts from next month.
Blue Label Telecoms said on Wednesday that its full-year core headline earnings per share will take a knock.
GoPro plans to cut about 15% of its workforce this year as part of a restructuring plan to reduce operating expenses.