• Friday, September 04 2015
  • JSE Sens
Cranes unload iron ore from a ship at a port in Rizhao, Shandong province, China.  Picture: REUTERS

ARM committed to pay dividends, despite weak markets

Mining company says reduction in headline earnings is largely result of decline in average realised dollar prices for iron ore, manganese ore, platinum, nickel, export thermal coal, copper

Mining

Implats to raise R4bn to bolster its balance sheet

Impala Platinum CEO Terence Goodlace  says the R4bn it aims to raise will be used to complete new low-cost shafts at its two new mines.  Picture: MARTIN RHODES

Platinum producer's announcement draws mixed reactions and concern of stock dilution

Financial Services

Sanlam cash to bolster offshore assets

Sanlam CEO Ian Kirk Sanlam, speaking in Sandton on Thursday, said surplus capital would be used to bulk up companies in which it is invested in Africa, India and Malaysia. Picture: MARTIN RHODES

Group reports faster growth in new business volumes — the only one of its peers to buck the trend

Mining

Sibanye confirms talks over Rustenburg mine

Sibanye Gold CEO Neal Froneman addresses the media on the group’s results in Sandton on Thursday. He expressed doubts about the viability of listing two Amplats mines. Picture: MARTIN RHODES

Sibanye wants Rustenburg mines and concentrator plant and not Amplats’s Union mine

Financial Services

MiWay banks on new units

Picture: THINKSTOCK

Short-term insurer MiWay sees half-year underwriting profits nearly double — putting it on course to topple OUTsurance

Mining

Impala Platinum proposes equity raise of R4bn

Mining. Picture: THINKSTOCK

Platinum producer to use rights issue to fund new-generation mines as it scales back output from operations over next five years

Financial Services

Sanlam weathers ‘challenging’ first half

Picture: GALLO IMAGES/CHARLES GALLO

Financial services company says conditions are not supportive of growth in new business, middle-income market segment bears brunt of economic pressures

Transport & Tourism

MPs alarmed as SAA executives fail to explain R85m contract

Picture: SUNDAY TIMES

National carrier's executives hazy on R85m catering contract awarded to a German company

Business

Companies lagging in transformation, says BMF

Picture: THINKSTOCK

Study shows that Corporate SA engaged in malicious compliance and gate-keeping to keep blacks away from the table

Opinion

How ‘failures’ can inspire success

Bottles  being processed at a  brewing company. Picture: ISTOCKPHOTO

Certain customers are studied for clues on what sells, writes Tim Harford

Boxes containing chocolate on displayed at Swiss chocolatier Lindt & Spruengli in Kilchberg, near Zurich. The confectionery maker plans to open its first shop in South Africa. Picture: REUTERS/ARND WEIGMANN

Lindt seeks sweet spot with boutique

Switzerland-listed Lindt & Sprüngli to open first boutique in South Africa for premium chocolate lovers

Retail & Consumer

Dipula embarks on acquisition trail

Dipula Income Fund CEO Izak Petersen. Picture: FINANCIAL MAIL

Black-owned fund raises above R200m in new shares issue to pay for various acquisitions

Property

Growthpoint mulls ways to lift returns

Norbert Sasse, Growthpoint CEO, addresses the media on the group’s results on Wednesday. He says there is very little the firm can buy in SA at the right price. Picture: MARTIN RHODES

South Africa’s largest listed property may need to dispose of weaker or noncore assets to raise distribution

Media & Advertising

Caxton looks to efficiencies as purchase masks malaise

JM Busha head of equities Farai Mapfinya. Picture: FREDDY MAVUNDA

Media house looks at purchase options and warns trading conditions likely to remain difficult

Retail & Consumer

Rainbow Farms and TSB help lift RCL Foods earnings

Miles Dally. Picture: LEON GROVE

Diversified food producer overcomes challenging conditions to benefit from acquisitions and restructuring initiatives

Odgers Berndtson

Leading with passion is the only way to lead

Virgin Active SA managing director Ross Faragher-Thomas. Picture: SUPPLIED

Passion and energy have become critical and complementary attributes for today’s business leaders, says MD of Virgin Active SA Ross Faragher-Thomas

Featured Partner

Opinion

COMPANY COMMENT: Naspers; Hyprop

Picture: REUTERS

Naspers jittery as Tencent wobbles, while Hyprop Investments has established itself as one of the most reliable listed property stocks on the JSE


International companies


Asia-Pacific

White elephants abound in India’s aviation plan

Picture: THINKSTOCK

Failure to co-ordinate leaves new airports unused while hubs burst at the seams, writes Tommy Wilkes

Europe

New Carlsberg CEO warns of lower profit

CHEERS: Danish brewer Carlsberg’s first-quarter operating profit and revenue beat forecasts on Tuesday. Picture: REUTERS

Cees ’t Hart says he will review company’s strategy after a poor second quarter forced world’s fourth-largest brewer to cut its profit outlook for the year

Retail & Consumer

A Grand Parade of gaming and Burger King roll-outs

A Burger King outlet at Park Station in Johannesburg. Picture: THE TIMES

Empowerment group happy to refocus on Sunwest gaming asset to help fund roll-out of Burger King

Apple is able to tie different products and activities into comprehensive packages of services. Instead of just producing a personal computer or its operating software, Apple pioneered a vision of delivering the whole package of hardware such as one sees with the iPhone. Picture: REUTERS/CARLO ALLEGRI

Apple’s latest challenge: topping its own success

As Apple prepares to introduce latest iPhones next week, company’s biggest challenge is one of its making: how to top its own success

Americas

Judge grants Uber drivers’ bid to be staff

Ruling allows drivers to challenge status as contractors to entitle them to unemployment and workers’ compensation and right to form unions

Developers of smartphone dating app Paktor log in to their accounts to show their Paktor profiles at their office in Singapore. Homegrown apps hope their understanding of local cultural norms will give them a leg up over global rivals such as US-based Tinder, which has millions more users but which is seen as conduit for finding sexual partners, as well as friends. Picture: REUTERS/EDGAR SU

Vodacom to improve coverage as usage grows

Vodacom to invest R180m in network infrastructure as smartphone and tablet ownership in townships rockets

Europe

Steel bosses see mines as chasing phantoms

Voestalpine CE Wolfgang Eder at the company's headquarters in Linz, Austria. Picture: BLOOMBERG/AKOS STILLER

Steel industry scion perplexed by denial among biggest iron-ore mines of new reality

Media & Advertising

Diversification into packaging lifts Caxton

Picture: THINKSTOCK

Publishing and printing group says restructuring of commercial printing divisions, closure of nonperforming stationery business in Ladysmith boosted results

Retail & Consumer

Woolworths appoints new CEO

Woolworths SA CEO Zyda Rylands. Picture: TREVOR SAMSON

Retailer announces appointment of long-time employee Zyda Rylands as new CEO

Europe

Volkswagen board says Winterkorn to remain as CEO

Volkswagen CEO Martin Winterkorn arrives at a company shareholders' meeting in Hamburg, Germany. Picture: BLOOMBERG/MICHELE TANUSSIS

Proposal opens door to appointment of an outsider as strong independent chairman to replace Ferdinand Piech

Healthcare

Day hospitals add up for Advanced

Picture: THINKSTOCK

Advanced Health set to cash in on growing trend towards cost-effective medical services

Transport & Tourism

South African Airways still making a loss

SAA. Picture: GALLO IMAGES/ALON SKUY

National carrier says operating environment in 2014 was difficult because of increased competition, effects of Ebola, xenophobia on tourism, weak currency, legacy impairments, finance costs

Retail & Consumer

First Krispy Kreme store to open in Rosebank

Picture: THE NEW YORK TIMES/OZIER MUHAMMAD

Global doughnut company, coffee retailer says first store in SA will be opened in Rosebank at the end of November, marks its first venture into Africa

Retail & Consumer

Cashbuild sees space for more stores

Werner de Jager. Picture: FINANCIAL MAIL

Company reports 35% rise in full-year profit, signalling improvement in building materials market

Telecoms & Technology

Stellar puts part of DigiCore proceeds to use in Torre acquisition

Picture: THINKSTOCK

Shareholders consent to disposal of 19.26% holding in vehicle tracking and fleet management company

Property

Offshore exposure helps property firms meet targets

Picture: THINKSTOCK

Listed property companies beat weak economy and a volatile JSE to surpass forecasts

Financial Services

Foreign banks find corporate niche in SA

Picture: THINKSTOCK

Citibank heads crowd of foreign banks with local branches vying for business in SA’s corporate sector

Americas

Google redesigns iconic logo for the fifth time

New Google logo. Picture: AFP/GOOGLE

Google unveils redesign of its iconic logo, the fifth such modification since the search engine giant started in 1998

Industrials

Rescuer for embattled Evraz still to be named

Picture: EVERAZ HIGHVELD

Deadline missed to name bidders for embattled steel maker while publication of business rescue plan pushed back two weeks

Retail & Consumer

Australia’s Cotton On to open 40 stores across SA

The Cotton On store in Sandton, Johannesburg.  Picture: COTTON ON GROUP

Three of its highest grossing stores are based in South Africa

Asia-Pacific

Probe into 7-Eleven wage fraud claims

Convenience store giant 7-Eleven is accused of unfair labour practices that exploit its vulnerable workers who are often international students. File picture: REUTERS/TIM WIMBORNE

Media probe shows 620 franchisee stores in Australia doctor payrolls and underpay workers

Property

Hyprop on high after revamps, extensions

Picture: HYPROP INVESTMENTS LIMITED

Results please analysts but there is concern about future domestic opportunities

Retail & Consumer

Mr Price’s shares in bargain bin

Picture: MICHAEL ETTERSHANK

Budget retailer blames downturn on poor fashion offerings and ‘very late onset of winter’

Opinion

COMPANY COMMENT: Kaap Agri share price gets ploughed under

Picture: THINKSTOCK

Shares of Kaap Agri have taken a suprising tumle in recent weeks

Opinion

COMPANY COMMENT: Sekunjalo; market panic

Iqbal Survé.  Picture: FINANCIAL MAIL

Sekunjalo Investment Holdings continues to hike stake in JSE-listed subsidiary African Empowerment Equity Investments, while there was panic again in markets on Tuesday

Business

Brian Joffe slams BEE for ‘not working’

Bidvest CEO Brian Joffe. Picture: MARTIN RHODES

Bidvest chief executive Brian Joffe says SA needs more black entrepreneurs and fewer people on government grants

Mining

SA gold faces uncertain future

Picture: THINKSTOCK

Upended by toxic combination of falling prices, intensifying labour disputes and surging cost of exploration, country’s largest producers are flailing

Asia-Pacific

No let-up in Macau casino slump as Chinese stay away

People cross a road near the Lisboa Casino in Macau. Chinese punters are avoiding the city amid a crackdown on graft. Picture: BLOOMBERG/JEROME FAVRE

Casino downturn drags Macau’s GDP to lowest since 2011 as new gambling resorts fail to attract Chinese

Retail & Consumer

Actis acquires minority stake in Coricraft

Natalie Kolbe, a partner at Actis. Picture: RUSSELL ROBERTS

Private equity player acquires minority stake in Coricraft Group, a move that will enable furniture retailer to aggressively expand store footprint

Americas

Chrysler continues strong sales streak

Reid Bigland. Picture: BLOOMBERG/SCOTT EELLS

Car maker’s North American unit beats estimates, driven by sales of Ram trucks and Jeep SUVs

Mining

DRDGold cuts distributions, may keep cash for buyback

Niël Pretorius. Picture: MARTIN RHODES

CEO Niël Pretorius’s comments inspire 20% rise as prospects for long-term share holders improve

Opinion

COMPANY COMMENT: MiX; Growthpoint

Norbert Sasse, Growthpoint CEO, addresses the media on the group’s results on Wednesday. He says there is very little the firm can buy in SA at the right price. Picture: MARTIN RHODES

Market might have taken more notice of MiX Telematics’s new strategic signals were it not for the prevailing ructions on bourses

Opinion

Starbucks not guaranteed instant success in SA

Starbucks. Picture: BLOOMBERG/CRAIG WARGA

Taste Holdings will have to wrestle with smaller coffee shops to establish Starbucks brand in South Africa, most obviously against Famous Brands

Financial Services

Deloitte acquires all of investment advisory firm

Deloitte Africa CEO Lwazi Bam. Picture: FINANCIAL MAIL

Deloitte Africa CEO Lwazi Bam says the group will be better equipped to advise inbound and intra-Africa investors with the acquisition of Frontier Advisory

National

Ramaphosa to update MPs on state-owned firms

Deputy President Cyril Ramaphosa addresses the South Africa-China business forum in Beijing, China, on Wednesday.  Picture: GCIS

Deputy President Cyril Ramaphosa to brief Parliament on Eskom, SAA and South African Post Office at sitting of the National Council of Provinces

Industrials

ArcelorMittal SA steel mills to close as industry crisis bites

ArcelorMittal SA's Vanderbijlpark plant. Picture: FINANCIAL MAIL

ArcelorMittal SA latest to mull job cuts and review operations

African Business

Africa’s richest man plans cement plant in Zimbabwe

Aliko Dangote. Picture: REUTERS/AKINTUNDE AKINLEYE

Aliko Dangote plans mining and power generation projects in investment-starved Zimbabwe as well as to set up a large cement factory

Industrials

Europe and UK operations boost Bidvest

Brian Joffe. Picture: MARTIN RHODES

Bidvest’s SA business, which provides nearly half of total revenues and profits lags far behind performances of its Europe and UK operations

Financial Services

Blue Financial agrees to funding structure

Blue Financial Services CEO Johan Meiring. Picture: FINANCIAL MAIL

Board approves funding structure for Blue Financial Services that would see a cash boost from unidentified shareholders

Property

Europe beckons as Texton moves beyond office niche

Picture: THINKSTOCK

Offshore property exposure poised for rapid expansion in Texton Property Fund's drive to diversify

Industrials

Bidvest remains focused on expanding in Africa despite slow progress

Bidvest CE Brian Joffe. Picture: FINANCIAL MAIL

Industrial conglomerate says southern African operations performed ‘relatively well’ as many markets in emerging market division faced economic challenges

Retail & Consumer

Pioneer rises to market challenge

Picture: THE TIMES

Company reports stellar growth despite increased competition, maize deflation and exiting of key businesses

Retail & Consumer

Bittersweet choice in Woolworths’ checkout aisles

Woolworths store at the V&A Waterfront in Cape Town.

Retailer has bittersweet treat for its customers — it’s removing all chocolates and other sugary goodies from its checkout queue

Americas

US retailers prod China for lower prices after devaluation

Picture: REUTERS

US retailers are starting to negotiate with Chinese suppliers to take advantage of lower manufacturing costs after China devalues yuan

Industrials

Afrox restructure hits sales, costs decline

Picture: FINANCIAL MAIL

African Oxygen enjoys healthy cash flow while net debt down to R354m from R677m

Retail & Consumer

Retailers rue costs of power outages

Picture: THINKSTOCK

Drop in foot traffic at malls stores without emergency power damper sales

JSE Sens

Standard Bank

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