News Formal

Rand slips as Woolworths, Old Mutual lead stocks higher

  • 📰 eNCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

The rand slumped to a one month low on Tuesday as data pointed to continued weakness in the economy.

are due on Wednesday and mining production data on Thursday.

The Johannesburg All-Share index and Top-40 index registered near one-month highs as department chain Woolworths and insurer Old Mutual posted strong gains.Woolworths gained 8.30 percent after it said it appointed Levi Strauss executive Roy Bagattini as CEO, cheering investors keen for a fresh pair of hands to tackle the department chain’s struggling Australian business., Peter Moyo, a shift in legal fortunes for the country’s No.2 insurer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand reverses all of 2019’s gains, and falls furtherThe local currency has been battered by the country’s economic outlook and continued pressure by Eskom
Source: BDliveSA - 🏆 12. / 63 Read more »

Court rules Old Mutual does not have to reinstate ex-CEO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The High Court in Johannesburg on Tuesday has ruled that Old Mutual does not have to reinstate its sacked chief executive Peter Moyo.
Source: SABC News Online - 🏆 32. / 51 Read more »