The transaction doesn’t require shareholder approval under Johannesburg Stock Exchange rules because it doesn’t meet the exchange’s threshold for a related-party transaction.
Futures fell as much as 1.3% in Chicago before paring some losses.
A look at whether the Top40’s lowest weekly close of the year presents a buying opportunity, and analysis of the state of SA’s mining sector.
Spot gold edged 0.3% higher to $4 206.86 an ounce as of 11:49 a.m. Singapore time, while silver rose 0.5% to $61.12.
Brent for December settlement fell 1.7% to $102.93 a barrel at 11:21 a.m. a.m. in Singapore.
Copper rose 0.5% to $14 618 a ton on the London Metal Exchange as of 11:54 a.m. in Singapore, after gaining almost 2% last week.
The South African central bank warned in its recent Monetary Policy Review that the fuel shock is 'massive and persistent,' and its policy priority is to prevent inflation from becoming entrenched.
Appeals to the Council for Medical Schemes for changes that would allow medical aids to spend less and therefore charge less.
Chris Bradley described the glass cliff phenomenon, in which female leaders are more likely to be offered top jobs at struggling companies, as ‘a very convenient way to always be a victim in the rain’.
Despite a dire trading update, the smart money may be starting to see it this way.