FIN24 – Business News

FIN24 – Business News

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, South Africa’s premier site for up-to-date business and finance news, stock market data, economic analysis, personal finance and investment information.

’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. | De Beers expects a rebound in diamond market as economies reopen

While the US market was opening up, public protests over racism in the world's largest diamond market has seen some retailers close shop. | Africa has to weather the coronavirus storm without massive stimulus packages

For advanced economies dealing with economic disruptions from the coronavirus pandemic, the response of choice has been massive stimulus packages. Africa is doing without them. | Clicks vows to appeal High Court blow in battle with independent pharmacies

The Independent Community Pharmacy Association says no pharmacy should have a conflict of interest and it's prepared to challenge Clicks "all the way to Constitutional Court" . | US jobless claims hit 42 million

Another 1.9 million Americans have filed unemployment claims, bringing the total to over 42 million, according to the latest figures from the US department of labor. | OPINION | What's it going to take to get workers back to the office?

If you want to innovate, you can't do it alone, says Andrew Robinson. | Absa investors approve non-binding climate change resolution

Absa shareholders have agreed that the bank must include in next year's reporting an assessment of its exposure to climate change risk in its lending portfolios. | SA farmers turn to commercial banks as Land Bank stalls

Land Bank, which supplies about 30% of loans in the agricultural industry, missed a loan repayment in April that triggered a cross-default provision in some of its bonds. | Govt says lost tax revenue from smoking ban 'outweighed' by harm cigarettes cause

The government has argued that emerging research shows smoking leads to more severe cases of Covid-19, and prohibition is necessary to reduce strain on SA's health system. | Africa needs at least a 3-year debt halt to avert depression, says Ghana’s finance minister

African economies could swing into a depression without a debt moratorium of at least three years, Ghana’s Minister of Finance Ken Ofori-Atta said. | Gordhan: Coronavirus delayed work on Eskom debt solution

Finding a solution for Eskom's R450 billion debt will be prioritised once issues surrounding the Covid-19 crisis settle, Public Enterprises Minister Pravin Gordhan has said. | FIN24 SPEAKS | Anglo American execs on how Covid-19 will affect SA's mining industry

Fin24 editor Ron Derby speaks to the CEOs of Kumba Iron Ore, Anglo Coal and De Beers SA about the impact of the pandemic as thousands of miners return to work. | OPINION | Retired and stressed out by the market? Review your options

The economic fallout of the coronavirus pandemic means many pensioners could be taking a significant hit. Duane Naicker looks at how retirees can navigate lockdown losses. | New PIC head Abel Sithole's long to-do list from workers and business

Workers expect Sithole to prioritise their issues, while the business community wants him to accelerate transformation in the JSE and push its developmental mandate more. | Pretoria hospital leads the pack in green building standards

The Cintocare Hospital in Pretoria has received the Green Building Council of South Africa's first Custom Healthcare Green Star certification awarded in Africa. | Oppenheimer, Cisco-backed Harambe raises $1 million for African tech startups

Harambe Entrepreneur Alliance, whose backers include Cisco Systems and a foundation of Jonathan Oppenheimer, raised $1 million for African tech startups needing capital. | Sipho Pityana appointed as Absa lead independent director

Pityana will replace Mohamed Husain who had served as the lead independent since 2018 as he's due to retire on Thursday, 4 June 2020. | Amplats processing unit shut down again after water leak

The platinum producer said on Wednesday a water leak had been detected in the high-pressure cooling section of the Anglo Converter Plant Phase B unit. | Google takes down software to remove Chinese apps

Google has removed from its Play Store an Indian mobile app designed to detect and delete Chinese software from smartphones. | US gun stocks on the up as background checks surge 75% in May

Background checks for gun buyers have risen for 13 straight months, with the trend set to continue.

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