• Tuesday, September 16 2014
Picture: THE TIMES

SABMiller leaps 12% on takeover talks

11 hour(s) ago

SABMiller stock rises in afternoon trade on Monday, after separate reports that Anheuser-Busch InBev wants to buy brewer, which in turn wants to take over Heineken

Economy

South Africa’s worsening current account deficit ‘is credit negative’

Picture: REUTERS
7 hour(s) ago

Ratings agency says widening deficit reflects effect of strikes, sluggish global demand and declining commodity prices and increases downside risks to growth outlook

Mining

AngloGold makes quick U-turn on planned overhaul after shareholder revolt

AngloGold Ashanti CEO Srinivasan Venkatakrishnan presents the group's results for the financial year to end-2013 on Wednesday.  Picture: MARTIN RHODES
7 hour(s) ago

Ways to trim net debt of $3bn are still sought after investors reject diluting rights issue

Markets

Bond market remains nervous despite rate hike appearing unlikely

Picture: THINKSTOCK
7 hour(s) ago

Pressure on yields extends to government-backed debt instruments including those of Sanral and Eskom, writes Fifi Peters

African News

Sadc summit to address problems in Lesotho

Southern African Development Community (Sadc) chairman Zimbabwean President Robert Mugabe, left, shares a lighter moment with President Jacob Zuma as the Sadc troika prepares to meet on Monday.  Picture: GCIS
7 hour(s) ago

President Jacob Zuma hoping for high-level support to end political dispute in Lesotho while summit will also be looking at disarmament of a DRC militia group

Asia-Pacific

Economists dial down Chinese growth forecasts after weak August data

A couple on a scooter ride past construction projects and completed apartment buildings in Haikou, Hainan province, China. Picture: BLOOMBERG
11 hour(s) ago

Data showing Chinese economy quickly lost steam in August causes some economists to trim their 2014 growth forecasts for country

Politics

DA accuses ANC of ‘dirty tricks in struggle to cling to power’ in Oudtshoorn

Young ostriches are seen in a camp on the Ostrich Safari farm just outside Oudtshoorn.  Picture: SUNDAY TIMES
10 hour(s) ago

DA constituency head leads march by hundreds of DA supporters and residents to municipal offices ‘to demonstrate concern for state of democracy’

Labour

Wage deal averts clothing strike

A woman works on machines at a Newcastle clothing factory. Picture: REUTERS
7 hour(s) ago

Union settles for increases of 7% to 11%

Labour

Sacked Generations actors prepared to return to work

BIG EARNERS: Former 'Generations' actors address the media in Johannesburg this week about being axed from the popular soapie. Picture: KEVIN SUTHERLAND
10 hour(s) ago

City Press online reports that in letter drafted by Generations Actors’ Guild, actors have agreed to return to work, but negotiations are still under way

BEWARE: Breaches by hacktivist groups often entail humiliating or vandalising a company, invariably for political aims because of its perceived moral or ethical transgressions.  Picture: THINKSTOCK

Digital citizenship comes with responsibility

The benefits of digital technology are matched by criminals who use sophisticated programs to operate — we need to know how to protect ourselves from them, blogs Ayesha Dawood

Columnists

The Oscar Pistorius trial has bred some emotional and often irrational discussions, writes Songezo Zibi

UNEMBARGOED: Trial reveals SA’s confused discourse

Columnists

Mark Barnes promo

Come September 18, the Scots and the English will decide whether or not it’s been long enough, writes Mark Barnes

STRAIGHT TALK: All eyes on Scotland the brave

Asia-Pacific

Nobel Laureates urge Zuma to give Dalai Lama a visa

Dalai Lama
10 hour(s) ago

Fourteen Nobel Peace Laureates ask President Jacob Zuma to guarantee Dalai Lama a visa to SA, after Tibetan spiritual leader is forced to abandon trip to country

African Business

Kenya’s president approves 5% capital gains tax

Kenyan President Uhuru Kenyatta is seen at President Jacob Zuma’s inauguration ceremony at the Union Buildings in Pretoria on Saturday. Picture: REUTERS/SIPHIWE SIBEKO
8 hour(s) ago

Uhuru Kenyatta signs into law capital gains tax that investors say could affect investment in property, equities and country’s nascent oil and mining sectors

Americas

Apple receives record pre-orders for new iPhones

Dummies of new Apple iPhone 6 and 6 Plus are displayed with a figure of the late Apple founder Steve Jobs at a mall selling smartphones in Hong Kong on Friday.  Picture: REUTERS
9 hour(s) ago

Apple says it received record 4-million first-day pre-orders of new iPhone 6 and iPhone 6 Plus, meaning many customers will have to wait until October for phones

Mining

AngloGold pulls the plug demerger

AngloGold Ashanti CEO Srinivasan Venkatakrishnan. Picture: MARTIN RHODES
12 hour(s) ago

News that AngloGold Ashanti will not proceed with proposed plan to spin off global operations and capital raising sends company’s shares higher

Americas

Automobiles drag US factory production lower

Picture: THINKSTOCK
11 hour(s) ago

US manufacturing output falls for the first time in seven months in August as motor vehicle production declines

Picture: THINKSTOCK

Global events drive SA pension fund returns

The fate of our market is increasingly in the hands of overseas investment managers, writes Peter Brooke

Energy

Eskom not taking part in nuclear acquisition

Picture: THINKSTOCK
20 hour(s) ago

Formerly designated ‘owner and operator’ of SA’s nuclear programme, utility will not be involved in the up coming nuclear procurement

Mining

Finding new deposits of diamonds ‘crucial’

SHINE: Diamond buyer Elliot Tannenbaum, from the Leo Schachter Diamond Group, looks at uncut diamonds at De Beers’ offices in London in August this year. Picture: REUTERS
19 hour(s) ago

Synthetic diamonds ‘can threaten the market’ if supply of natural diamonds cannot keep up with demand

Energy

NEWS ANALYSIS: A nuclear tale that sounds too good to be true

Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES
18 hour(s) ago

Despite the good ‘build now, pay later’ message, the probability is that it will be business and consumers that not only pay later, but pay much more, writes Carol Paton

Industrials

Rob Davies credits intervention for factories’ health

Trade and Industry Minister Rob Davies. Picture: MARTIN RHODES
20 hour(s) ago

Trade and industry minister ascribes positive gains the manufacturing industry has made to government intervention

Politics

NEW ANALYSIS: Years of band-aid therapy over Nkandla pay off for Zuma

President Jacob Zuma's  Nkandla homestead in KwaZulu-Natal. Picture: SUNDAY TIMES
19 hour(s) ago

Nkandla issue continues to fester like a sore for both country and ANC, writes Paul Vecchiatto

Energy

Treasury backs power price hikes

Picture: THINKSTOCK
20 hour(s) ago

Package of measures including tariff increases and equity injection approved for Eskom, which needs an extra R225bn over next three years

Mining

Union may strike if Sibanye cuts jobs

Neal Froneman. Picture: MARTIN RHODES
17 hour(s) ago

Sibanye Gold could face strike action if restructure process being evaluated by the mining house involves job cuts, says National Union of Mineworkers

Energy

First power for Medupi on track

Eskom's Medupi station. Picture: ARNOLD PRONTO
18 hour(s) ago

Eskom begins 100-day countdown when synchronisation of first of Medupi power station’s six units with national grid is scheduled to take place

Europe

Besieged Hollande to face confidence vote

French President Francois Hollande. Picture: REUTERS
18 hour(s) ago

Experts say French government unlikely to lose confidence vote, but will almost certainly reveal splits in François Hollande’s ruling Socialist Party

Financial Services

Investec sells Irish mortgages to Lone Star

Investec. Picture: MARTIN RHODES
13 hour(s) ago

Investment bank says deal is part of plan to simplify, reshape banking business, follows sale of UK loans to private-equity firms

Europe

OECD slashes growth forecasts, urges aggressive ECB action

STRESS TESTS: A euro sign sculpture is seen in front of the headquarters of the European Central Bank in Frankfurt, Germany. It is unclear whether the ECB exercise, involving a rigorous review of 131 banks’ assets and liabilities, will be sufficient to get more credit flowing into the ‘real economy’. Picture: MARTIN LEISSL/BLOOMBERG
13 hour(s) ago

OECD urges much more aggressive ECB stimulus to ward off risk of deflation in a subdued eurozone

Financial Services

DBSA returns to profitability with disbursement record

Patrick Dlamini. Picture: AVUSA
13 hour(s) ago

Development Bank of Southern Africa says disbursements supported infrastructure projects in SA, Southern African Development Community

Property

Residential property market picking up

Picture: THINKSTOCK
20 hour(s) ago

Real estate agencies believe the market has moved back to pre-recession levels

Business

Bookmakers want gaming companies to lose licences

Picture: REUTERS
19 hour(s) ago

Associations issue notices to all SA’s provincial gambling boards requesting them to withdraw sports betting licences issued to the three main players

Europe

Kiev accuses Kremlin trying to eliminate Ukraine

Arseniy Yatsenyuk. Picture: AFP PHOTO
18 hour(s) ago

Ukrainian Prime Minister Arseniy Yatsenyuk calls on world leaders not to trust Russian President Vladimir Putin despite his decision to sign Moscow up to a truce to end the five-month war

Energy

Ipsa plans to take advantage of Eskom’s falling reserve margin

Picture: THINKSTOCK.
17 hour(s) ago

JSE’s only listed independent power producer has addressed legacy issues and is gearing up to seize opportunities offered by Eskom’s shrinking reserve margin

Europe

Swiss banks rethink business models to survive

A Credit Suisse cash services sign placed at a cafe outside a Credit Suisse bank branch in Zurich, Switzerland. Picture: BLOOMBERG
17 hour(s) ago

Already reeling from the painful process of making amends for allowing foreign nationals to hide assets from the taxman back home, the secretive sector is now bracing for another seismic shift

Europe

Ukrainian president may have tough time selling his company

Petro Poroshenko. Picture: AFP PHOTO
17 hour(s) ago

A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity that would normally have multinational confectioners drooling

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Cartoons

HANDS ON: Sindile Ngonyama’s flair for drawing led him to pursue a career in architecture. Picture: SUPPLIED

Quality of life is this architect’s keystone

Sindile Ngonyama’s deprived upbringing has shaped his theory on the built environment, writes Patricia McCracken

Arts & Entertainment

CRUCIAL CD COLLECTION: CSNY 1974

21 hour(s) ago

Hearing Only Love Can Break Your Heart as a full-throated four piece affair is worth quite a lot of the asking price, writes Richard Haslop

Columnists

Fortress finance pulls up the virtual drawbridge

SETTING RECORDS: JPMorgan boss Jamie Dimon has overhauled risk controls. Picture: REUTERS
21 hour(s) ago

Western governments need to keep up pressure on financial companies to improve cyber defence plans, provide tangible assistance, writes Gillian Tett

Elias Pelembe. Picture: GALLO IMAGES/CHARLE LOMBARD

Celtic pay the price for costly error

Despite being a man down, the Bloemfontein side give Sundowns a run for their money

Soccer

Debut for Falcao as Manchester United win

Picture: THINKSTOCK
18 hour(s) ago

Radamel Falcao makes debut as Manchester United belatedly kickstarts season with breezy 4-0 win against Queens Park Rangers

Other Sport

Let’s make Pacquiao fight happen, says Mayweather

Floyd Mayweather. Picture: GALLO IMAGES, LEFTY SHIVAMBU
19 hour(s) ago

It took just minutes after Floyd Mayweather scored dominant win over Argentine Marcos Maidana before undefeated welterweight champion faced inevitable question

Opinion

In terms of the All Blacks, being beatable and being beaten is not the same

ALL-OUT EFFORT: New Zealand’s Richie McCaw reacts as he scores a try during the Bledisloe Cup rugby Test match against the Australian Wallabies at Stadium Australia in Sydney on Saturday. Picture: REUTERS

Mark Keohane asks what it means for the Boks if, at their best, a poor performing New Zealand team can still beat them

Markets

Economy

Life

Sport

Multimedia

 
All Share 51376.570.25% up
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FTSE 100 6804.210.00% same
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ASX 5472.20-0.06% down
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Data supplied by INET BFA
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Data supplied by INET BFA
Standard Bank

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Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.

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The Third Umpire

AngloGold CEO Srinivasan Venkatakrishnan. The share plunge that greeted his announcement that the group is to hive off its SA assets must be disconcerting, but there is an inescapable logic to the move. Give it time.

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Aspen CEO Stephen Saad, whose risky debt-funded offshore expansion strategy has paid off in spades. There was a lot that could have gone wrong with the plan in a volatile world, but it didn't, and he came out on top.

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Leader of the opposition in Parliament Mmusi Maimane. The motion of no confidence he tabled yesterday was always going to be defeated, but it was important that the process be followed anyway. Next stop the courts?

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  • All Share : 51376.57
    Change: 0.25%
    Top 40 : 46032.07
    Change: 0.36%
    Financial 15 : 14657.42
    Change: -1.00%
    Industrial 25 : 61153.12
    Change: 1.17%
    Resource 10 : 54862.24
    Change: -0.51%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6804.21
    Change: 0.00%
    Dow Jones : 17031.14
    Change: 0.00%
    Hang Seng : 24356.99
    Change: 0.00%
    ASX : 5472.20
    Change: -0.06%
    S&P 500 : 1984.130
    Change: -0.07%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.9683
    Change: 0.04%
    ZAR/GBP : 17.8078
    Change: 0.11%
    ZAR/EUR : 14.1980
    Change: 0.07%
    ZAR/JPY : 0.1024
    Change: 0.05%
    ZAR/AUD : 9.9076
    Change: 0.06%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1233.5450
    Change: 0.07%
    Platinum : 1366.0000
    Change: 0.59%
    Silver : 18.6605
    Change: 0.09%
    Palladium : 836.0000
    Change: 0.84%
    Brent Crude Oil : 97.970
    Change: 0.09%
    All data is delayed by 15 min
    Data supplied by INET BFA
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