• Wednesday, September 17 2014

Retail & Consumer

Clover down on ‘constrained environment’

Clover CE Johann Vorster. Picture: ARNOLD PRONTO
3 hour(s) ago

The full recovery of higher input costs, like a roughly R50m increase in the costs of raw milk, could not immediately be passed on to consumers

Mining

Petra sells rare blue diamond for $27.6m

The 232-carat white diamond, worth as much as $20m, discovered by Petra Diamonds at its Cullinan mine, east of Pretoria. PICTURE: PETRA DIAMONDS
3 hour(s) ago

Revenue from diamond auctions could accelerate dividend payments and fund Petra’s capital expenditure

Energy

S&P delays Eskom credit rating decision

Picture: THINKSTOCK
1 day(s) ago

Ratings agency says it waiting to get more detail on Treasury rescue package before making decision, which could leave Eskom in junk status

Financial Services

Profitable DBSA plans to commit R1.9bn to equity investments

Development Bank of Southern Africa CEO Patrick Dlamini. Picture: PUXLEY MAKGATHO
1 day(s) ago

Investments will focus on infrastructure and form part of company’s plan to diversify income and generate returns from activities beyond lending

Telecoms & Technology

MTN boosts its loan facilities, driving talk of an acquisition

Picture: CHARLES GALLO/GALLO IMAGES
1 day(s) ago

MTN increases borrowing ability dramatically, fuelling analysts’ speculation that an acquisition may be on the cards

Industrials

PPC exports to Africa offset slow sales in SA

Picture: THINKSTOCK
1 day(s) ago

Cement maker PPC says exports into rest of Africa ‘buoyant’

Land & Agriculture

Zeder finally wins over feisty AV shareholders

Zeder Investments CEO Norman Celliers
1 day(s) ago

Zeder’s proposal to buy out AV minority shareholders in a R2.3bn scrip swap transaction 86% supported by AV shareholders

Media & Advertising

Moneyweb to move house to save costs

Moneyweb chairman Paul Jenkins. Picture: FINANCIAL MAIL
2 day(s) ago

Moneyweb currently operates from the mixed-use Melrose Arch precinct in Johannesburg — which is considered one of SA’s prime real estate developments

Energy

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

Picture: THINKSTOCK.
2 day(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

Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES

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

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

Mining

Sibanye shares fall on news of possible job cuts at shaft Cooke 4

Neal Froneman. Picture: MARTIN RHODES
1 day(s) ago

Company has started consultation with labour and other stakeholders that could lead to a restructuring of the loss-making Cooke 4 shaft in Westonaria

Mining

De Beers looks hard at its future in Kimberley

Picture: THINKSTOCK
1 day(s) ago

De Beers may be coming to the end of its involvement in Kimberley after more than a century of mining diamonds there

Business

Bookmakers want gaming companies to lose licences

Picture: REUTERS
2 day(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

Land & Agriculture

Capespan buys stake in clearing specialist

Capespan MD Johan Dique. Picture: FINANCIAL MAIL
2 day(s) ago

Capespan MD Johan Dique says acquisition of Aspen will unlock significant synergies in its fruit logistics operations

Mining

Union may strike if Sibanye cuts jobs

Neal Froneman. Picture: MARTIN RHODES
2 day(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

Standard Bank

Strategic planning crucial for commercial businesses

Head of Commercial Banking at Standard Bank Craig Polkinghorne. Picture: STANDARD BANK
15 day(s) ago

Good management and business practices remain the key disciplines for South African businesses during tough economic conditions

Featured partner

Opinion

Alternatives to investment

Here are a few things you might want to do while whittling away the time

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

Finding new deposits of diamonds ‘crucial’

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

Energy

Eskom not taking part in nuclear acquisition

Picture: THINKSTOCK
2 day(s) ago

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

Retail & Consumer

Heineken family said to have rejected SABMiller takeover bid

Picture: SUNDAY TIMES
2 day(s) ago

SABMiller said to have made offer to help defend itself against a potential bid by world’s largest brewing company AB InBev

Industrials

Rob Davies credits intervention for factories’ health

Trade and Industry Minister Rob Davies. Picture: MARTIN RHODES
2 day(s) ago

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

Energy

First power for Medupi on track

Eskom's Medupi station. Picture: ARNOLD PRONTO
2 day(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

Land & Agriculture

Tongaat share spikes despite falling prices

Picture: THINKSTOCK
2 day(s) ago

Tongaat’s share price has jumped 51.5% since late March to R164.50, while Illovo Sugar’s stock has gained 5.4% over the same period to R27.75

Property

Residential property market picking up

Picture: THINKSTOCK
2 day(s) ago

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

Business Times

Cops delay Telkom CEO's day in court

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
2 day(s) ago

Delays in police inquiry stall court bid by the man who accused Telkom CEO Sipho Maseko of driving with cloned number plates

Business Times

Return to sender as Post Office staff strike

A van smoulders after burning out at the Saxonwold depot in Rosebank, Johannesburg, after it was set alight by striking workers.  Picture: MICHAEL ETTERSHANK.
2 day(s) ago

South African Post Office has been plagued by five long strikes over the past three years, with the biggest strike costing the organisation more than R100-million

Business Times

Accounts of Pikoli row don’t add up

Nonkululeko Gobodo. Picture: FINANCIAL MAIL
2 day(s) ago

Nonkululeko Gobodo says her firm does not bow to ANC influence — despite the state contracts

Retail & Consumer

Retailers strive to adapt as customers struggle

Picture: THE TIMES
6 day(s) ago

Supermarket chains turn to innovative promotions to attract cash-strapped consumers, writes Zeenat Moorad

Energy

Eskom to raise more debt, get state equity injection

Picture: THINKSTOCK
2 day(s) ago

Treasury approves support package for SA power utility, which is scrambling to keep the lights on and maintain its own liquidity

Business Times

Under-fire NUM says it is still blue-collar

Members of the National Union of Mineworkers listen to proceedings at a hearing into the Marikana massacre last year.  Picture: SOWETAN
2 day(s) ago

National Union of Mineworkers says alliance with the ANC does not mean it has lost touch with the working class

Business Times

SA vineyards make African inroads

Picture: THINKSTOCK
2 day(s) ago

Local wine producers trying to capitalise on the booming middle-class market in Africa

Business Times

Meet tech’s new wearable

2 day(s) ago

Not since Steve Jobs’s black turtleneck has a piece of clothing been so talked about after an Apple product unveiling

Opinion

High court vindicates watchdog’s inquiry into private health sector

Netcare. Picture: FINANCIAL MAIL

Judgment in Netcare vs KPMG makes it clear market inquiry is a truth-seeking exercise, carried out by the commission in line with its constitutional mandate

Opinion

Decisions best reached with instinct and analysis

Picture: THINKSTOCK

Expertise can always be enhanced by the power of data analysis and the implementation of scientific techniques

Energy

Treasury backs power price hikes

Picture: THINKSTOCK
2 day(s) ago

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

Business Times

Watch rivals scorn new Apple timepiece

The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, on Tuesday.  Picture: REUTERS
2 day(s) ago

Long-awaited smartwatch looks 'too feminine', design will not stand the test of time, says luxury giant LVMH’s watch guru

African Business

Belarus to set up joint ventures, assembly plants in SA

Picture: THINKSTOCK
5 day(s) ago

Possible partnership between Black Business Council, Minsk Automobile and Kaya Automobiles for the manufacturing of buses on the cards

Economy

Manufacturing and mining output plunges

Picture: THINKSTOCK
5 day(s) ago

Sectors account for 20% of GDP, and performance supports case for weak economic growth and unchanged interest rates

Business

Competition appeal initiative snubbed

Yasmin Carrim. Picture: MARTIN RHODES
5 day(s) ago

Tribunal with a broader economic ambit proposed, writes Amanda Visser

Opinion

Black business must show it can produce a Sanlam

Africans need to demonstrate that they can start, build and sustain solid businesses

Opinion

Somalis caught between devil and spaza shop

People who are entrepreneurial enough to risk death and set up business among people who loathe them cross our borders daily

Trade & Industry

Reprieve in store for SA fruit farmers

Picture: THINKSTOCK
5 day(s) ago

Hard-pressed citrus farmers may soon receive revenue fillip if US alters regulations to allow more SA exports of oranges and grapefruit

Land & Agriculture

Land Bank seeks World Bank loan for emerging farmers

Picture: THINKSTOCK
7 day(s) ago

If granted, the loan would allow the bank to expand its activities in financing emerging farmers

Energy

SA key to success of Congo’s Inga 3 project

Tina Joemat-Pettersson. Picture: GCIS
7 day(s) ago

Project, which is part of ambitious plan to harness power of Congo River, will be important catalyst for industrial development in Africa

Trade & Industry

SA hopes to resume Iran oil imports in three months, says Mfeketo

Picture: THINKSTOCK
7 day(s) ago

South Africa halted crude purchases from Iran in June 2012 because of Western sanctions imposed against that country’s nuclear programme

Land & Agriculture

Forestry industry claims regulations stunted timber plantations’ growth

Picture: THINKSTOCK
8 day(s) ago

Forestry South Africa says state broke its promises on timber plantations

Financial Services

State Bank of India to lend to SA firms

Ismail Momoniat. Picture: ROBERT TSHABALALA
9 day(s) ago

India’s largest lender has faith local businesses will grow, despite slow movement upwards this year

Property

Failed property deals raise questions

Keillen Ndlovu, head of the Stanlib Property Income Fund. Picture: FINANCIAL MAIL
9 day(s) ago

Collapse of Vukile’s bid for Synergy shows suitors must try harder to assess true value, say analysts

Trade & Industry

SA citrus growers halt fruit exports to EU

Picture: CLEMENGOLD
9 day(s) ago

EU export stoppage costs growers around R1bn as they aim to prevent a permanent ban over citrus black spot

Transport & Tourism

Row hits Durban BRT network plan

Durban's beachfront. Picture: SUNDAY TIMES
9 day(s) ago

A bitter standoff is threatening the construction of Durban’s R22bn bus rapid transport network with throngs of job seekers halting work on the project last week

Economy

Mechanisation ‘equals profit, thus jobs’

Picture: THINKSTOCK
8 day(s) ago

Productivity SA CEO Bongani Coka says SA should embrace technology and mechanisation instead of dreading it

Financial Services

FirstRand warns SA is vulnerable to slowing capital flows

Picture: THINKSTOCK
8 day(s) ago

Banking group cautions that ‘negative retail credit cycle will continue to emerge’ as reflected in higher levels of arrears in vehicle asset finance, card books

 
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Gold 1235.66000.08% up
Platinum 1366.00000.44% up
Silver 18.6390-0.37% down
Palladium 844.00000.84% up
Brent Crude Oil 99.1600.11% up
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