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Lewis. Picture: FINANCIAL MAIL

Lewis to appeal consumer tribunal’s ruling on credit probe

The furniture retailer, facing a possible investigation of every credit agreement it has entered since 2007, is lodging an appeal in the High Court in Pretoria

Energy

Eskom looks set to control nuclear build

Picture: iStock

The government has again stalled the publication of the request for proposals by the Department of Energy, which had been expected on Friday

Mining

Alexkor posts another loss after undershooting diamond mining target

SPARKLE: A 25.5-carat blue diamond found at Petra Diamonds' Cullinan mine. Picture: PETRA DIAMONDS

The state-owned company has outsourced deep-sea alluvial mining to International Mining and Dredging SA, but the contractor hit teething problems

Transport & Tourism

SAA needs a cash injection, the airline’s directors say

Picture: SUNDAY TIMES

State guarantees mean it can continue as a going concern for another year but its balance sheet still needs to be strengthened

Companies

Coal optimist Quinton van der Burgh on why he bought into Richards Bay terminal

Coal mining and events businessman Quinton van der Burgh surrounded by the typical bevy of beauties that has earned him flak over his perceived chauvinistic playboy role in promoting his events company. Picture: YOUTUBE

His Burgh Group joined with Vitol to buy the stake from the Guptas’ Tegeta Exploration and Resources

Mining

Coal of Africa’s cash balance at $19.5m

Picture: ISTOCK

Company has generated no revenue this financial year as all its operations are on care and maintenance, auditors express doubt that it can continue as a going concern

Opinion

COMPANY COMMENT: MTN Nigeria has no billions to smuggle

A man passes an MTN board in Lagos, Nigeria.  Picture:  AFP PHOTO/PIUS UTOMI EKPEI

The Nigerian government seems to be on a desperate scramble to find new revenue streams

ArcelorMittal SA's Vanderbijlpark plant. Picture: FINANCIAL MAIL

Has ArcelorMittal SA really avoided ‘the usual suspects’ in its BEE deal?

A former government-appointed commissioner, a development bank finance chief and a former deputy finance minister will become shareholders

Retail & Consumer

Woollam cleared of Lewis insider trading

Dave Woollam. Picture: SUPPLIED

The FSB closes its investigation into shareholder activist Dave Woollam’s trading in Lewis shares after finding no evidence of insider trading

Financial Services

Digital finance ‘vital for Africa’

In modern capitalist countries, amassed economic power defines the royalty of the day, says the writer.  Picture: THINKSTOCK

The widespread use of digital finance could boost annual GDP of all emerging economies by 6% — or $3.7-trillion — by 2020, research shows

Healthcare

Second-biggest open medical scheme to raise premiums next year

Picture: iSTOCK

Bonitas Medical Fund has joined other medical schemes in announcing above-inflation premium increases for next year

Opinion

Evidence against nuclear raises doubt about process

Tina Joemat-Pettersson. Picture: TREVOR SAMSON

The absence of an updated integrated resource plan suggests Tina Joemat-Pettersson speaks with a forked tongue


International companies


Europe

Barclays FX ‘superstar’ trader Ashton loses dismissal suit

Barclays. Picture: AFP PHOTO/NIKLAS HALLEN

Ashton is the most high-profile of more than half a dozen traders and sales people who were fired as banks rushed to appease regulators

Europe

Adidas boss will draw on previous game

Kasper Rorsted.   Picture: REUTERS

Investors are banking on him repeating improvements to profitability he achieved at consumer goods maker Henkel.

Picture: REUTERS/FABIAN BRIMMER

Volkswagen will pay $1.21 billion to settle US dealer claims

VW still faces billions of dollars in potential civil and potential criminal US fines for violating emissions laws
Andrew Canter. Picture: FINANCIAL MAIL

Land Bank must tighten up if it wants funds

Futuregrowth insists the Land Bank tightens its approval requirements, and improves transparency and public disclosure of its governance structure

Industrials

ArcelorMittal paves way for R2.3bn BEE deal in SA

Wim de Klerk. Picture: BUSINESS DAY

The deal will ensure its recently improved relations with the government are further strengthened after years of acrimony

Europe

Deutsche Bank shares fall further as CEO talks to staff

John Cryan. Picture: REUTERS

John Cryan says in a letter to staff that the bank remains robust — but investors are not reassured and the shares have plumbed fresh lows

Industrials

Astrapak strategy pays off as interim profits rise

Astrapak CEO Robin Moore.  Picture: FINANCIAL MAIL

The packaging company reports a 67% surge in first-half after-tax profit as core markets perform well

Companies

SAA guarantee a ‘material impairment’ for Treasury

Dudu Myeni. Picture: TREVOR SAMSON

The department has received an unqualified audit, despite a Public Service Commission probe of the appointment of a service provider

Healthcare

Second-biggest open medical scheme to raise premiums next year

Picture: iSTOCK

Bonitas Medical Fund has joined other medical schemes in announcing above-inflation premium increases for next year

Americas

Chill runs through Wall Street after Wells Fargo hits its CEO where it hurts

Picture: REUTERS

The bank made the unprecedented move of denying John Stumpf a $41m payout in the wake of a fake accounts scandal

Healthcare

GlaxoSmithKline completes the sale of its stake in Aspen Pharmacare

Aspen Pharmacare CEO Stephen Saad. Picture: FINANCIAL MAIL

This ends uncertainty for shareholders in Africa’s largest generics maker, says CEO Stephen Saad

Europe

Apple makes landmark Battersea Power Station its new London home

Picture: AFP PHOTO/TIMOTHY A CLARY

The technology giant’s plan to move its UK HQ to the iconic 1930s power station a salve for Brexit fears

JSE Sens

Standard Bank

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