Economy

South Africa's rand firms on weaker dollar

South Africa's rand firmed against the dollar on Monday as the greenback retreated, while a recovery of Steinhoff's shares following a week of turmoil at the global retailer lifted blue chip stocks.

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Global markets soften as central banks in focus

European stock markets softened Monday, weighed down by a cautious start on Wall Street, as investors prepared for a number of central bank policy meetings later this week, traders said.

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US manufacturing services see continued growth

United States manufacturing and services firms expect to see a stronger economy and rising revenue into 2018, according to a semi-annual survey released Monday.

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Arcelor Mittal SA selects Verster as CEO

Arcelor Mittal South Africa has chosen the former head of construction firm Aveng to take over as chief executive from next February, the steelmaker said on Monday.

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Uber's London license appeal to be heard 2018

Uber will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.

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Dutch retailer pulls infant milk in French health scare

Dutch value-for-money retailer Kruidvat pulled some of its own-brand infant milk off the shelves Monday following an international recall by French baby milk maker Lactalis amid a salmonella scare.

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US stocks edge up, shrugging off New York explosion

Wall Street stocks edged higher early Monday as investors shrugged off an explosion near Times Square that resulted in a handful of injuries, none life-threatening.

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EU defends Brexit deal

The European Union said on Monday that last week's Brexit agreement was a "deal between gentlemen" and not legally binding, but insisted that it had the full backing of the British government.

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Futures inch up as Bitcoin grabs investor interest

United States stock futures pointed to a higher opening for Wall Street on Monday, with the launch of Bitcoin futures raising investor interest in crypto currency related companies.

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Metrofile to buy Kenyan records management company

South Africa’s information management firm Metrofile said on Monday it had concluded a deal to acquire the entire issued share capital of Kenya’s G4S Secure Data Solutions, the largest records company in East Africa.

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