Lockdown hits FirstRand and Absa earnings hard

Absa's interim earnings will almost be extinguished by rising bad debts while Firstrand's full year numbers could fall as much as 45%.

4 hours ago
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PETER BRUCE: End to lockdown won’t turn our pumpkin economy into a fairy tale

SA’s leaders have managed to turn an emergency into a disaster, with trust gone and corruption the new normal

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SPOSORED | Part 6: The Essential Business Guide Podcast by Nedbank

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Anchor reports record half-year inflows

Assets under management and advice at the end of June amounted to R64.9bn, a 13% increase from the end of December

56 minutes ago
Exxaro pays interim dividend after jump in coal exports

The weaker rand helped offset lower prices during the group’s half-year to end-June, when it operated as an essential service

1 hour ago
Falling weekly deaths fuel hope coronavirus pandemic has turned

Number of fatalities falls for the second consecutive week after three months of increasing mortalities

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Business Day: Why every story is your business

Read about the new campaign for SA's foremost business publication

Guptas speak out on Eskom and SIU’s bid to recoup R3.8bn from the family

Gupta family lawyer Rudi Krause says the summons is ‘one of the worst drafted legal documents I have ever seen’

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Transnet to retreat from West Africa to focus on Sadc

The 15-nation African bloc is critical for SA’s economic future, says new CEO Portia Derby

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Reserve Bank’s Prudential Authority to appeal ruling that cleared Danny Msiza

A high court judge set aside the adverse findings made against the ANC MP over the VBS Mutual Bank looting

MTN investment Jumia takes lockdown revenue hit

African e-commerce heavyweight also pays $5m to settle class action lawsuits alleging IPO misstatements and omissions

Total brings rig to drill fresh prospect at Mossel Bay gas find

The energy giant’s move to the next phase of its exploration project shows confidence in SA, says the government

PPC considers R1.25bn rights issue to refinance operations

SA’s biggest cement maker owes lenders R750m and balance will go towards its other units in Sub-Saharan Africa

Harmony delays annual results by a month

SA's largest gold miner says output has dropped 15% because of lockdown disruptions

ALLAN SECCOMBE: The final straw is being laid

The Covid-19 pandemic might just be the catalyst that forces change in SA

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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.

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JSE faces mixed Asian markets on Thursday

karl gernetzky

US stimulus deadlock and geopolitical tension weigh on sentiment, while locally there are hopes of a lockdown easing

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Ramaphosa set to ease lockdown and may lift booze and tobacco bans

Genevieve Quintal and Claudi Mailovich

Optimism rises that there will be a return to alcohol, tobacco sales

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Lockdown hits FirstRand and Absa earnings hard

Warren Thompson

Absa's interim earnings will almost be extinguished by rising bad debts while Firstrand's full year numbers could fall as much as 45%.

Read More

Opinion

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EDITORIAL: Let’s open up, but safety first

Expectations are high that President Cyril Ramaphosa will sanction resumption of all economic activities

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STREET DOGS: The Covid news puzzle

There are three separate phases of the puzzle in the US that reveals an odd association with the news

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Why state stimulus measures are like (bad) karma

For every year of stimulus (which isn’t really stimulus), there is an equal and opposite year of debt payback, writes Neil Emerick

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