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Financial Services

Electronic system for SA state bonds

Picture: MICHAEL ETTERSHANK
11 hour(s) ago

SA will implement an electronic trading system for government bonds, mandating primary dealers to quote two-way prices on the securities

Property

Newtown Junction opens this week

HOME: Newtown is one of Johannesburg’s pockets of excellence that has attracted young professionals and students. Picture: SUNDAY TIMES
11 hour(s) ago

THE R1.3bn Newtown Junction mixed-use development opens on Thursday, promising to inject economic activity into Johannesburg’s inner city, which is slowly being revived.

Financial Services

Koseff wants SA to be more ‘investor friendly’

Investec CEO Stephen Koseff addresses investors at a briefing in Sandton on Tuesday. Picture: MARTIN RHODES
11 hour(s) ago

SA should work harder at creating a more welcoming environment for investors if unemployment is to be reduced and society developed, says Investec CEO

Financial Services

Alexander Forbes upbeat over equity deal

Alexander Forbes. Picture: MARTIN RHODES
11 hour(s) ago

Alexander Forbes will not update the market this week on any changes in its share register after the unbundling of the preference shares

Mining

Village to open sales process for platinum

Village Main Reef CEO Ferdi Dippenaar. Picture: FINANCIAL MAIL
12 hour(s) ago

Miner to be left with one gold mine but is looking at opportunities

Business Times

Hunt for Aurora's Bhanas

Mine worker.  Picture: EPA
1 day(s) ago

The search is on for the Bhana family after the sheriff of the court's efforts to attach their assets to execute a R15.5-million court order were stymied by locked doors

Picture: THINKSTOCK

Entertainment at home set for a huge makeover

New entrants take on leader MultiChoice

Business Times

Shoprite hit by dispensing fee pricing system

Shoprite CEO Whitey Basson. Picture: RUSSELL ROBERTS
1 day(s) ago

Group’s MediRite chain left out of pocket

Opinion

STRAIGHT TALK: Monopolies must fear technology

Mark Barnes: Is bigger always better? Does global corporate creep always, at the margin, create net value, or is it just a habit?

Opinion

COMPANY COMMENT: Remgro; Pivotal Property Fund

Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL

Remgro will keep banking on Unilever, while Pivotal Property Fund is backing Sandton to turn it into a successful listed property company


International companies


Europe

Tesco cuts profit outlook, suspends staff after accounting error

ONLINE SHOPPING:  Tesco says it is building its online business to attract more big-spenders. Picture: BLOOMBERG/SIMON DAWSON
5 hour(s) ago

Tesco cuts its profit forecast for third time this year and suspends four members of staff after finding fault in accounts, another blow to reputation of Britain’s biggest grocer

Energy

Total to sell off more assets, cuts oil output target

Picture: THINKSTOCK
8 hour(s) ago

Total steps up plans to sell off assets, cut investments and reduce operating costs to deliver on a promise to generate $15bn in free cash flow in 2017

Americas

Ellison steps aside to make space for co-CEOs of Oracle

VICTORY: Oracle CEO Larry Ellison lifts the America’s Cup with members of Oracle Team USA. Picture: REUTERS
3 day(s) ago

Larry Ellison to stay at tech company as executive chairman, but analysts question wisdom of Safra Catz, Mark Hurd entering job-sharing arrangement

Asia-Pacific

Investors snap up shares in China’s Alibaba

SEEKING FUNDS: Alibaba chairman Jack Ma arrives at the Ritz-Carlton hotel in Hong Kong for a meeting with prospective investors on Monday, as the company began its road show for its imminent listing. Picture: BLOOMBERG
3 day(s) ago

Initial public offering of Chinese e-commerce giant is one of biggest ever, gives company market value that surpasses Walt Disney, Boeing, Amazon, eBay

A street sign is pictured in front of a factory with the logo of Siemens AG company in Berlin in this October 9, 2012 file photo.  Picture: REUTERS

Siemens to buy Dresser-Rand to tap US shale gas boom

Germany’s Siemens agrees to buy US oilfield equipment maker Dresser-Rand for $7.6bn in cash, aiming to catch up with arch-rival General Electric

Americas

Microsoft judgment has far-reaching effects

Picture: MARTIN RHODES
2 day(s) ago

Many companies have reacted cancelling contracts with US service providers where they feel security of their data may be compromised, writes Brigit Rubinstein

Asia-Pacific

Sony declines as mobile unit adds to woes

LOW SALES: An attendee pauses to checks his mobile device in front of an advert for Sony’s Xperia Z smartphone in this file picture. Picture: BLOOMBERG
3 day(s) ago

Company projects a loss of ¥230bn for the year, writes Sonali Basak

Investec. Picture: MARTIN RHODES

Increased assets under management lift Investec

CE Stephen Koseff says impairments in South Africa are low at present, but may edge up if economy remains weak

Mining

Gold Fields aims to cut debt by $300m over two years, says Holland

Nick Holland. Picture: MARTIN RHODES
4 day(s) ago

CE says miner does not need to get bigger in terms of production, and any acquisition will be aimed at growing cash flow and total returns to shareholders

Retail & Consumer

Nestlé to revamp South African factories

The Nestlé logo on the company’s building in Mexico City. Picture: REUTERS
4 day(s) ago

Swiss food group Nestlé will invest in expanding coffee factory in South Africa, revamping other facilities producing consumer goods

Companies

Crash aside, the new-look CIPC means business

Picture: THINKSTOCK
4 day(s) ago

New system set to make life easier for companies that are frustrated by slow service from understaffed Companies and Intellectual Property Commission

Telecoms & Technology

Focus on fibre optic cable network for Vodacom

Vodacom branding on the Ponte Building in Hilbrow, Johannesburg, in 2011. Picture: GALLO IMAGES/FOTO24/FELIX DLANGAMANDLA
4 day(s) ago

Company plans to use its agreed acquisition of Neotel to speed up introduction of high-speed fibre optic cable for businesses and homes in SA

Retail & Consumer

Expectations of Remgro mount as share price discount narrows

Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL
4 day(s) ago

Investment behemoth facing great market expectations, with results showing share price discount on underlying investments has been whittled down to just a sliver

Retail & Consumer

Richemont slides on lower sales update

A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture: BLOOMBERG
4 day(s) ago

Research house reduces its growth rate forecast

Retail & Consumer

Total to woo high-end customers with Thrupps forecourt offering

NEW BEGINNINGS: An artist’s impression of the new Total SA, Famous Brands and Thrupps offering.
4 day(s) ago

Famous Brands and Total are testing a new forecourt grocer that analysts say could rival Engen’s Woolworths offering

Telecoms & Technology

EOH looking abroad for acquisitions

EOH CEO Asher Bohbot. Picture: SUNDAY TIMES
4 day(s) ago

Technology firm aims to have its business outside SA contribute a quarter of its total revenue in the medium term

Mining

De Beers’ model aims to boost sector credit

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG
5 day(s) ago

Company says it has developed model to underpin economic base of cutting, polishing and jewellery making segment of diamond industry

Retail & Consumer

Strong euro knocks Richemont

A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture: BLOOMBERG
5 day(s) ago

Luxury goods maker says low growth in Europe, decreases in Asia-Pacific region, Japan offset strong performance in Middle East, US markets

Financial Services

FirstRand takes sector lead despite lagging Africa growth

Emilio Pera, lead finance director at EY. Picture: FINANCIAL MAIL
5 day(s) ago

FirstRand ahead of Standard Bank, Barclays Africa and Nedbank with R9.9bn in headline earnings for the first half of 2014

Retail & Consumer

Pizza Hut returns to South Africa

5 day(s) ago

Pizza Hut chain is returning after a six-year absence with new focus on delivery meals and plan to use country as platform to enter other parts of the continent

Energy

Eskom not complying with order, says Westinghouse

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

Company says Eskom has failed to hand over documents related to the awarding of a R4bn tender to Areva NP Proprietary

Mining

Anxious De Beers studies market in second-hand diamonds

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
5 day(s) ago

Expert estimates the recycled diamond market is worth about $1bn

Financial Services

Anchor Group ‘may pay half its earnings in dividends’

Picture: THINKSTOCK
5 day(s) ago

Anchor Group raises R60m in its listing on the JSE’s Alternative Exchange

Mining

RBPlat completes first-stage of housing project

Royal Bafokeng Platinum CEO Steve Phiri. Picture: SUNDAY TIMES
5 day(s) ago

Royal Bafokeng Platinum housing strategy may serve as model for other mining companies to meet long-standing demand from National Union of Mineworkers

Retail & Consumer

Clover down on ‘constrained environment’

Clover CE Johann Vorster. Picture: ARNOLD PRONTO
5 day(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

Opinion

COMPANY COMMENT: Sasol, JD Group

Picture: FINANCIAL MAIL

Sasol not neglecting spending in SA, while consumer financing is not JD Group’s game, and nor is transparency

Business Times

AngloGold advisers left out in the cold

GOLD SMELTING: Job creation could best be achieved by industrial development. It was believed that manufacturing could employ a much higher proportion of workers than mining because of its greater need for skilled labour.  Picture: PIETER DE RAS
1 day(s) ago

Red faces as company does U-turn on restructuring and right issue plans

Asia-Pacific

Hitachi Construction sees no mining recovery

Yuichi Tsujimoto, president and chief executive officer of Hitachi Construction Machinery. Picture: BLOOMBERG
3 day(s) ago

With demand uncertain, Hitachi Construction is choosing to spend more on energy conservation rather than expansion

Asia-Pacific

SpiceJet shrinking size of fleet

RETURN TO SENDER: A SpiceJet aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India, in this file picture. Picture: BLOOMBERG
3 day(s) ago

Indian budget airline seeks to lower costs by flying fewer and newer aircraft in a bid to return to profit amid intensifying competition from AirAsia

Americas

Ellison steps aside to make space for co-CEOs of Oracle

VICTORY: Oracle CEO Larry Ellison lifts the America’s Cup with members of Oracle Team USA. Picture: REUTERS
3 day(s) ago

Larry Ellison to stay at tech company as executive chairman, but analysts question wisdom of Safra Catz, Mark Hurd entering job-sharing arrangement

Opinion

COMPANY COMMENT: Steinhoff; Compu-Clearing Outsourcing

Steinhoff CEO Markus Jooste. Picture: FINANCIAL MAIL

Ellerines an unlikely target for Steinhoff, while there appeared to be a real air of desperation when a punter took a costly nibble of perennially profitable CompuClear

Opinion

COMPANY COMMENT: Discovery; property merger

AMBITIOUS: Discovery CEO Adrian Gore announces results for the year to June in Sandton on Wednesday. The insurer reported operating profit increased 23% to R5bn, and had averaged 22% growth a year over the past decade.
Picture: MARTIN RHODES

Big Brother watches Discovery members, while the merger of Octodec Investments and Premium Properties gets the green light from the Competition Commission

Asia-Pacific

Investors snap up shares in China’s Alibaba

SEEKING FUNDS: Alibaba chairman Jack Ma arrives at the Ritz-Carlton hotel in Hong Kong for a meeting with prospective investors on Monday, as the company began its road show for its imminent listing. Picture: BLOOMBERG
3 day(s) ago

Initial public offering of Chinese e-commerce giant is one of biggest ever, gives company market value that surpasses Walt Disney, Boeing, Amazon, eBay

Business

SA needs ‘better companies, not more funding’

Picture: SUNDAY TIMES
4 day(s) ago

Raizcorp CEO Allon Raiz tells EY Africa Tax Conference that money is available, but many small businesses have no compelling economic right to exist

Companies

Boards of five state-owned companies risk being declared delinquent

Picture: THINKSTOCK
4 day(s) ago

Letter of warning to boards of directors of five state-owned firms an indication of commission’s proactive approach to holding boards of companies to account for failures in corporate governance

Trade & Industry

UK wants bids from SA’s defence firms

Picture: THINKSTOCK
4 day(s) ago

UK government department is seeking joint ventures and industrial partnerships with country’s defence companies

Property

Pivotal property deal spurs listing

Picture: THINKSTOCK
4 day(s) ago

Property fund plans to list on the JSE before the end of the year, becoming the latest company to join the R300bn listed property sector

Telecoms & Technology

Jasco withholds dividend as it seeks growth

Jasco CEO Pete da Silva. Picture: FINANCIAL MAIL
4 day(s) ago

CEO Pete da Silva says company is planning to go on an aggressive investment drive in the wake of successful three-year restructure

Companies

CIPC website back up after crash

Picture: THINKSTOCK
5 day(s) ago

Companies and Intellectual Property Commission confirms e-services ‘up and running’, says unavailability of Telkom was reason for downtime

Healthcare

MARKET WATCH: Healthcare shares continue rally as investors see value

Picture: THINKSTOCK
5 day(s) ago

Analyst says stocks are attractive because demand for healthcare is inelastic — if someone needs medical care, it cannot be delayed or postponed

Telecoms & Technology

MTN SA boss sees no way round cuts

LEANER: MTN SA CEO Ahmad Farroukh, who headed the Nigerian operation when it underwent a restructuring similar to the one MTN SA faces, talks to Business Day on Tuesday. Picture: MARTIN RHODES
5 day(s) ago

Firm needs to return to earlier growth and margins, says CEO

Mining

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

Neal Froneman. Picture: MARTIN RHODES
6 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

AngloGold about-turn on split, rights issue

AngloGold Ashanti CEO Srinivasan Venkatakrishnan.  Picture: FINANCIAL MAIL
6 day(s) ago

Shareholder hostility sinks plan to split company in two

Financial Services

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

Development Bank of Southern Africa CEO Patrick Dlamini. Picture: PUXLEY MAKGATHO
6 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

Mining

De Beers looks hard at its future in Kimberley

Picture: THINKSTOCK
6 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

 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6773.63-0.94% down
Dow Jones 17204.41-0.44% down
All Share 50485.53-1.90% down
ASX 5368.200.00% same
S&P 500 1995.780-0.73% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 11.18661.13% up
GBP/ZAR 18.29841.43% up
EUR/ZAR 14.35531.11% up
JPY/ZAR 0.10271.18% up
AUD/ZAR 9.91750.33% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1217.21000.20% up
Platinum 1330.2000-0.06% down
Silver 17.81500.08% up
Palladium 802.0000-0.87% down
Brent Crude Oil 96.700-1.28% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 50485.53
    Change: -1.90%
    Top 40 : 45244.57
    Change: -1.99%
    Financial 15 : 14700.86
    Change: -1.90%
    Industrial 25 : 59982.62
    Change: -1.59%
    Resource 10 : 53383.38
    Change: -2.77%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6773.63
    Change: -0.94%
    Dow Jones : 17196.51
    Change: -0.48%
    Hang Seng : 23955.49
    Change: 0.00%
    ASX : 5368.20
    Change: 0.00%
    S&P 500 : 1995.180
    Change: -0.76%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.1864
    Change: 1.13%
    ZAR/GBP : 18.2991
    Change: 1.43%
    ZAR/EUR : 14.3270
    Change: 0.92%
    ZAR/JPY : 0.1027
    Change: 1.20%
    ZAR/AUD : 9.9222
    Change: 0.38%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1217.7100
    Change: 0.24%
    Platinum : 1330.7000
    Change: -0.02%
    Silver : 17.8300
    Change: 0.17%
    Palladium : 801.7500
    Change: -0.90%
    Brent Crude Oil : 96.760
    Change: -1.21%
    All data is delayed by 15 min
    Data supplied by INET BFA
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