South African markets face global risk sentiment, commodity moves and overseas developments on August 6 after the rand strengthened and the JSE Top-40 gained.
Southern Africa
South Africa’s private sector stayed in expansion in July, but growth slowed as weak demand, softer hiring and inventory cuts weighed on activity.
The South African rand held steady as traders weighed U.S.-Iran developments and awaited U.S. jobs data for clues on the Federal Reserve’s next move.
Nedbank’s half-year profit was broadly flat as stronger income offset rising credit costs, while the South African lender raised its interim dividend.
South Africa proposes rules requiring authorised providers to report cross-border crypto transfers, tightening oversight while public consultation runs.
South Africa's rand strengthened as investors awaited manufacturing PMI and vehicle sales data for fresh signals on the country's economic momentum.
Johannesburg –The South African rand weakened against the U.S. dollar on Friday despite stronger-than-expected trade data, as investors remained focused on global market sentiment and…
Cape Town—The Orange Basin, one of the world's most promising offshore petroleum provinces shared by South Africa and Namibia, is emerging as a striking example…
Johannesburg – AngloGold Ashanti reported a 58% increase in second-quarter profit, buoyed by stronger global gold prices that boosted earnings during the period.
Luanda –Angola's largest telecommunications operator, Unitel, has been hit by a cyberattack that disrupted voice, mobile data and internet services across the country, just one…