UK approves sale of Chelsea FC to US investor Todd Boehly
The sale of Chelsea FC to US investor Todd Boehly has been approved by the UK government, bringing a close to Russian billionaire Roman Abramovich’s near 20-year ownership of the…
Water outages loom over major SA hub
Hundreds of thousands of people in one of South Africa’s most important economic regions risk having their taps run dry within weeks. A severe drought has depleted dams in the…
US Futures, Europe stocks slide on economy concern: markets wrap
US equity futures fell, and European stocks opened lower, as concern that high inflation is cutting into corporate performance overshadowed bargain hunting of beaten-down stocks. Futures on the S&P 500…
Stocks, futures retreat after big China data miss: markets wrap
Stocks in Europe fell along with US equity futures as poor Chinese economic data fueled concerns about the global outlook, pouring cold water on last week’s brief revival of risk…
Post Office no longer paying R350 grant
The SA Post Office (Sapo) will no longer pay out the R350 Social Relief of Distress (SRD) grant in a bid to reduce long queues for other grant beneficiaries at…
Bitcoin drops below $ 30,000 for the first time since July 2021
Bitcoin dropped below $ 30,000 on Tuesday for the first time since July 2021, bringing its decline from a November record high to about 55% amid a global flight from…
What Audi and Porsche stand to gain from joining Formula 1
The announcement that Porsche and Audi want to lend their names to Formula 1 comes at a high point of popularity in the US for the world’s most glamorous racing…
Bonds drop, US futures steady as Fed hike looms: markets wrap
Bonds fell Wednesday and US equity futures were little changed as investors braced for the biggest Federal Reserve interest rate-hike since 2000 and awaited more clues on how aggressively it…
Pressure groups offer the best hope for South Africa’s democracy
South Africans have learned that democracy is not simply a destination that they reached with the formal end of apartheid on April 27, 1994. It is also a lifelong quest…
Clicks reports 26% rise in half-year profits
JSE-listed pharmacy and healthcare retail giant Clicks Group reported a 26% surge in diluted headline earnings per share (Heps) for the six months ended February 28 2022 on Thursday. The…