US crude stocks fell 7.1-million barrels in the week to August 12, Energy Information Administration data shows
It has not made up for all the destruction it wreaked on SA
Labour federation hopes national strike will bring economy to a standstill so government has to acknowledge the socioeconomic crisis facing SA
The party’s internal leadership contest in December is expected to gain momentum once the the nomination process kicks off
The JSE now has 92 ETF listings with a combined market capitalisation of R118bn
The rand will continue to lose value if we don't adopt policies that create a superior emerging market with a far lower risk premium
The claim by Sars that it costs the country R31bn is wrong — the real cost is about R4bn a year
The president said the meeting, held in DRC, looked at ‘very positive’ initiatives that Sadc member states have embarked on
British player heads to the third round after trouncing Australian Open winner Victoria Azarenka
From Cape Agulhas to where the first Land Rover design was sketched in the sands of Red Wharf Bay in 1947
MTN maintained its final dividend at R4.50, taking its total dividend for 2017 to R7, the same as in 2016.
In 2015, before its Nigerian fine, MTN shareholders received a total dividend of R13.10 per share.
More bad dividend news for shareholders in the mobile network’s results for the year to end-December released on Thursday morning is that its new management intends adopting a "rebased progressive dividend policy" — which translates into cutting its total dividend for 2018 down to R5.
It will then grow from R5 by 10%-20% a year "over the medium term", the results statement said.
MTN reduced its debt to R79.7bn from R87bn, and said it needed to cut future dividends to reduce it further.
"Going forward, we will manage our holding company gearing at levels that are appropriate for a business with our corporate structure and risk profile," the company said in its results statement.
The group’s overall revenue for 2016 declined by 10% to R133bn.
SA overtook Nigeria as MTN’s largest rev...
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