Black economic empowerment in South Africa

JSE: 18% of top 100 black-owned

Black investors currently own 18% of the available share capital in the top 100 companies listed on South Africa's stock exchange, according to an independent study commissioned by the JSE.

SA plans for 'massive' rail investment

With most of the country's commuter rail system reaching the end of its life span, the government is planning a massive investment in new rail infrastructure and technologies - including proposed high speed rail projects - that is expected to run for the next 20 years.

South Africa courts Islamic investors

South African Islamic investors and financiers are likely to be recognised via a new insertion in the Income Tax Act, at a time when a growing number of countries are changing their regulations to attract investors who can only put their money into Shariah-compliant assets.

Third-party insurance 'vital for SA'

While compulsory third-party car insurance is crucial for the motor insurance industry as a whole, says a local insurer, it is important that the scheme does not become an additional financial burden on the taxpayer.

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MARKET REPORTS

Rand lifted by euro

The rand firmed in midday trade on Thursday as it tracked a stronger euro.

JSE firms on PMI data

The JSE added 725 points on Wednesday pushed by better than expected PMI data in China.

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