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Get the latest Business and Financial news in South Africa as it happens.

Sanlam Musiekfeesat at the US Woordfees

All of South Africa’s literary and music enthusiasts will make their way to the energetic streets of Stellenbosch for the annual Stellenbosch University Woordfees, from 4 – 13 March 2016. Following the success of the inaugural introduction of the concept “Every word is a masterpiece” last year –Musiekfees sponsor Sanlam …

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Crisis-hit French nuclear firm woos SA

French power utility EDF’s shares might have dropped 7% on Monday after its financial director resigned over the funding of a controversial UK nuclear project, but there was no sign of distress at the EDF’s Flamanville 3 nuclear power station construction site, where a group of South African journalists were …

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Keep an eye on Barclays Africa, Old Mutual

Among this week’s “five shares to watch” are Barclays and Old Mutual, which have announced they’d be selling their African operations or parts thereof. Overberg Asset Management’s Kirk Swart lists his five shares to watch this week. Barclays plc announced recently that it intends to trim its 62% holding in …

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Municipalities write off R574m as bad debt

south african rand

Generally speaking, spending by municipalities has increased from the first quarter of this year, but is still poor performance compared to the second quarter of the previous year, National Treasury said on Friday. Its latest report on local government revenue and expenditure covers the second quarter of the 2015/2016 financial …

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Trump a mixed bag uncertainty

donald trump

At first glance, Donald Trump is everything Wall Street likes – a billionaire whose real estate empire has provided huge business for banks, and whose luxury towers house the rich and famous. But his surprise success in the fight to win the Republican nomination for the US presidency has sent …

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