
FlySafair Plans Pilot Lockout Over South African Strike Threat
The lockout threatens to disrupt the carrier's operations for two weeks, the union said in a statement on Sunday.

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Bloomberg
29 minutes ago
- Bloomberg
Goldman, Investec See Room for Three S. Africa Rate Cuts in 2025
South Africa's tame inflation has created room for the central bank to cut interest rates at each of its three remaining meetings this year, according to Goldman Sachs Group Inc. and Investec Bank Ltd Annual inflation inched up to 3% in June from 2.8% in May, data on Wednesday showed. That was less than the 3.1% median estimate of 12 economists in a Bloomberg survey.


Bloomberg
2 hours ago
- Bloomberg
Emirates Adds Mauritius Flight as Island Mulls Opening to Rivals
Emirates is ramping up its presence in Mauritius by adding a third daily flight to the island nation, seeking to buttress its position as the country considers opening up to other carriers. Starting in December, the peak of the holiday season travel, the world's largest airline will offer another service to the Indian Ocean hotspot using a Boeing Co. 777 twin-aisle jetliner, the carrier said. That's on top of two daily flights between Dubai and Mauritius now with the giant Airbus SE A380 double deckers.
Yahoo
3 hours ago
- Yahoo
Harmony Gold (HMY) Stock Sinks As Market Gains: What You Should Know
Harmony Gold (HMY) closed at $14.83 in the latest trading session, marking a -1.33% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.78%. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 0.61%. Shares of the gold miner have appreciated by 6.67% over the course of the past month, outperforming the Basic Materials sector's gain of 6.63%, and the S&P 500's gain of 5.88%. The investment community will be closely monitoring the performance of Harmony Gold in its forthcoming earnings report. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.85 per share and a revenue of $0 million, indicating changes of +190.82% and 0%, respectively, from the former year. It is also important to note the recent changes to analyst estimates for Harmony Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.71% upward. Harmony Gold presently features a Zacks Rank of #1 (Strong Buy). Valuation is also important, so investors should note that Harmony Gold has a Forward P/E ratio of 5.27 right now. For comparison, its industry has an average Forward P/E of 12.14, which means Harmony Gold is trading at a discount to the group. It is also worth noting that HMY currently has a PEG ratio of 0.09. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Mining - Gold industry had an average PEG ratio of 0.57. The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 12, finds itself in the top 5% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research