RC 260825SAfm
Tuesday, 25 August 2026
A stronger rand and gold price led the market conversation, alongside warnings over Broadband Infraco’s financial distress and new compliance risks for employers of foreign nationals.
- 18:08
The rand strengthened to R15.94 against the dollar, ranking as the third-best performing major currency, supported by a weaker US dollar, commodity prices and improved domestic conditions.
- 18:18
Gold Fields reported sales volumes up 18%, production up 12% and cash flow up 134% year on year, while using stronger finances to invest, reduce debt and reward shareholders.
- 18:35
Broadband Infraco has R1.5 billion in assets against R1.8 billion in liabilities, leaving it technically insolvent after accumulated losses of about R836 million since 2020.
- 18:27
Proposed immigration-law changes could impose fixed fines of R100,000 to R1 million or more on employers of undocumented foreign nationals; the bill remains before Parliament’s portfolio committee.
- 18:55
India is relaxing market-access requirements for South African citrus after negotiations dating back to 2017, helping exporters diversify beyond concentrated traditional markets.