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News For South African Rand

South African budget highlights - Reuters Africa

CAPE TOWN Feb 22 (Reuters) - South African Finance Minister Pravin Gordhan unveiled his 2012/13 budget on Wednesday. Following are highlights: BUDGET DEFICIT * Budget deficit projected at 4.6 percent of GDP for the fiscal year to March 2013, ...

Shoprite sees scope for 700 stores in Nigeria - Reuters

... 41 billion rand vs 33.1 billion rand * Shares little changed (Adds CEO comment, updates shares) By Tiisetso Motsoeneng JOHANNESBURG, Feb 21 - Nigeria has the potential to become as big a retail market for South Africa's Shoprite as its home base, ...

S.Africa's Imperial H1 flat, sees similar H2 - Reuters

* H1 headline EPS 727 cts vs 725 cts * H1 revenue up 22 pct to 38.39 bln rand * Says good performance to continue in H2 (Adds details) JOHANNESBURG, Feb 22 (Reuters) - South African logistics group Imperial on Wednesday reported flat first-half ...

South African Rand Retreats to Two-Week Low as Metal Prices, Stocks Fall - Bloomberg

The rand slumped to a three-week low after stocks and commodity prices tumbled as Europe's creditor countries struggled to bridge divisions over a rescue of Greece, damping demand for riskier assets. South Africa's currency retreated as much as 1.5 ...

South African Markets - Factors to watch on Feb 21 - Reuters

SOUTH AFRICAN MARKETS South African stocks ended little changed on Monday, as gains by Anglo American Platinum and other platinum producers were counterbalanced by a decline in retailers such as Shoprite ahead of earnings. The rand strengthened against ...

Corruption puts strain on South Africa budget - TrustLaw

George Glynn's at ET) By Stella Mapenzauswa JOHANNESBURG, Feb 21 (Reuters) - Lucas Netshiavha feels resentful whenever he sees the slice of his salary taken by South Africa's taxman, since - so he believes - a large chunk will end up in the pockets of ...

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