• Wednesday, August 27 2014
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A worker unloads a truck at Durban harbour. Picture: REUTERS

‘Resilient’ Imperial weathers tough conditions

2 hour(s) ago

Car dealer and logistics group says most divisions showed good growth, but slow markets in Europe, poor economic growth at home dampened overall result

Transport & Tourism

Imperial warns of more pain ahead

Picture: THINKSTOCK
3 hour(s) ago

Car dealer and logistics group says short-term outlook is daunting, vehicle import business ‘severely depressed’ by the knock-on effect of weakening rand

Mining

High Court revokes R16m in illegal payments by Aurora to financial consultants

A stranded miner at Aurora’s mine in Grootvlei, Springs, in December 2010. Picture: ROBERT TSHABALALA
7 hour(s) ago

It is a small victory in the efforts of the respective liquidators of Aurora and Pamodzi Group to claw back some of the billions of rand owed to creditors

Telecoms & Technology

MTN denies inadequate employee consultation over layoffs

Picture: CHARLES GALLO/GALLO IMAGES
9 hour(s) ago

Trade union Solidarity says MTN staff are not being given opportunities to suggest alternatives to retrenchments, writes Karl Gernetzky

Industrials

Impairments, Gold Coast woes hit Aveng

TRYING TIMES: Aveng CEO Kobus Verster addresses the media at the company's results in Sandton on Tuesday. Picture: MARTIN RHODES
5 hour(s) ago

The construction and engineering group says that a decline in public-sector construction work over the past year has had to be offset by private-sector projects

Mining

Coal of Africa rises on news of fresh funds

Coal of Africa CEO David Brown. Picture: ROBERT TSHABALALA
5 hour(s) ago

CoAL has been raising funds through the sale of various non-core assets, but it has been negotiating for some time to sell its Mooiplaats colliery

Financial Services

Brimstone considers options

Brimstone CEO Mustaq Brey. Picture: SUNDAY TIMES
5 hour(s) ago

Reporting interim results, Brimstone shows its option-based investment in financial services giants Nedbank and Old Mutual carry a substantial gross value

Property

SA Corporate’s solid results could signal better days ahead

Rory Mackey. Picture: RUSSELL ROBERTS
5 hour(s) ago

SA Corporate Real Estate Fund has finally turned the corner after completing internalisation of its management company

Financial Services

Finbond sees future beyond Abil crisis

CEO and founder of Finbond Willie van Aardt. Photo: FINANCIAL MAIL
5 hour(s) ago

Finbond, which offers short-term unsecured loans and accepts retail deposits, says that its business model remains sustainable and is different from the way African Bank operated

Redefine Properties' head office in Rosebank, Johannesburg.

COMPANY COMMENT: Fountainhead; Gold Fields

Redefine misjudged Fountainhead bid, while Gold Fields is still grappling with the best way to mine its South Deep mine — about eight years after buying it

Financial Services

Vunani CEO pleased with group’s lack of gearing

Vunani CEO Ethan Dube. Picture: FINANCIAL MAIL
4 hour(s) ago

CEO Ethan Dube says that although Vunani has sold its property asset management business, it intends to build another similar business

Transport & Tourism

OneLogix to boost Southern African presence

OneLogix CEO Ian Lourens. Picture: FINANCIAL MAIL
5 hour(s) ago

Logistics and transport group wants to take its smaller businesses into other Southern African countries where its largest division, Vehicle Delivery Services, already has a footprint

Opinion

THICK END OF THE WEDGE: Eskom CE choice is the perfect meddle

Tshediso Matona is arguably the most experienced of government’s directors-general, but compared to Brian Dames, his experience of Eskom is a mere glancing blow

Opinion

COMPANY COMMENT: Market likes growth story of Ascendis

Picture: THINKSTOCK

Recently listed Ascendis, with no real track record other than a rapid accumulation of operating assets, is trading close to a record high


International companies


Europe

Swiss private banks review secrecy

9 hour(s) ago

The elite of Swiss private banks begin lifting the veil on their books after a radical shift in their business model, amid tougher international regulations

World

Companies prepare to dive into ‘internet of things’ in smart homes

A man tours a showroom of Samsung Electronics in Seoul. Picture REUTERS
9 hour(s) ago

Samsung and its rivals Google and Apple are battling to build and expand software systems that allow users to control a vast range of devices with a few taps of a mobile device

Asia-Pacific

Sony says PlayStation users’ info safe after hackers target game sites

Picture: REUTERS
2 day(s) ago

Sony says hackers have taken down network without compromising users’ personal data, while FBI is investigating bomb scare on flight carrying Sony executive

Picture: REUTERS

Popularity of discount retailers is growing among America’s poor

Big stores have been struggling as consumers have been slow to return to pre-recession spending, write Jilian Mincer and Lisa Baertlein

Asia-Pacific

Metals industry realises potential of 3-D printers

Picture: THINKSTOCK
2 day(s) ago

Suppliers backing research into 3-D printing technology, which can produce components faster and cheaper than traditional manufacturing

Iliad CEO Eugene Beneke.  Picture: FINANCIAL MAIL

Iliad Africa revenue grows despite ‘dim environment’

Although Iliad Africa has realigned its business, growth has been hindered by the reduction of unsecured lending, rising debt and utility costs

Mining

CoAL looks to raise £38m as Vele output halt, extra costs bite

Picture: THINKSTOCK
1 day(s) ago

Coal of Africa says it has entered into agreements with investors to raise about £38.225m through issue of up to 695,000,000 new shares

Financial Services

Why trading in Abil shares was not suspended by the JSE

Picture: THINKSTOCK
1 day(s) ago

JSE GM Andre Visser says JSE will consider suspending a company’s shares only in very particular circumstances

Financial Services

Investec offers One Place for banking by wealthy clients

Picture: THINKSTOCK
1 day(s) ago

One Place is plugged into 6,500 platforms, including offshore share accounts, loyalty reward programmes and insurance policies held at various institutions

Telecoms & Technology

Solidarity urges MTN to find alternative plan to layoffs

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

Letters were served to MTN’s employees, notifying them of the layoffs last Friday

Retail & Consumer

Distell earmarks R500m for its foray into the rest of Africa

Distell MD Richard Rushton. Picture: DISTELL
1 day(s) ago

Liquor group says it it will fund the war chest through a cost saving and supply chain efficiency programme

Telecoms & Technology

Pinnacle surges as charges dropped

Picture: BUSINESS DAY
1 day(s) ago

National Prospecting Authority drops bribery charges against an executive director of the technology group

Transport & Tourism

Sun rides out ‘subdued’ year

Carnival City in Gauteng. Picture: SOWETAN
1 day(s) ago

Gaming and leisure group makes the most of the weak hand that it was dealt in the year to end June

Retail & Consumer

Shoprite is taking stock outside SA

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

Continental retail kingpin Shoprite ‘has a hard time’ with supplies from South African manufacturers

Companies

Delta selling Australian plant as it winds down

Picture: THINKSTOCK
2 day(s) ago

Delta discontinued its Australian operations prior to the six-month period, but is trying to sell the property of its plant site

Financial Services

NCR defends action taken over African Bank woes

Picture: MICHAEL ETTERSHANK
2 day(s) ago

National Credit Regulator says it did everything in its power to act against the reckless lending practices of African Bank

Business Times

Making of a Mark at Truworths

Truworths CEO Michael Mark. Picture: FINANCIAL MAIL
3 day(s) ago

It will be the end of an era at Truworths when Michael Mark, one of the longest-standing and most successful CEOs of a JSE-listed company, steps down at the end of next June

Business Times

STOCK TALK: Control of Naspers is still a mystery

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
3 day(s) ago

Ann Crotty looks at Naspers, BHP Billiton and Bidvest's takeover of Adcock Ingram

Americas

Seabridge upbeat on selling stake in Canadian mine

Picture: THINKSTOCK
5 day(s) ago

The prospect of finding a partner for its project in British Columbia improves as mining dealmaking activity revives, says Seabridge

Business Times

Unmasking threat scares Naspers off

Picture: SHELLEY CHRISTIANS
3 day(s) ago

A bid to unmask Naspers’s complex web of ownership appears to be behind Media24’s dramatic decision to abandon its plan to buy the 20% in Paarl Media it does not already hold.

Mining

Gold Fields increases earnings amid rationalisation exercises

Gold Fields CEO Nick Holland. Picture: MARTIN RHODES
5 day(s) ago

Gold Fields posts net earnings of $19m for the six months to June compared to a $102m loss for the same period a year earlier

Healthcare

STOCKWATCH: Adcock shares jump as Bidvest looks to raise stake

Bidvest CEO Brian Joffe. Picture: MARTIN RHODES
4 day(s) ago

Shares in struggling drug maker surge more than 7% on news that top shareholder Bidvest Group is looking to raise stake, a move that could trigger a full buy-out

Financial Services

African Bank woes ‘won’t do Nedbank unit much harm’

5 day(s) ago

African Bank’s collapse has had a less than 1% effect on Nedbank Private Wealth’s income portfolio, says division managing executive

Mining

Exxaro coal exports shoot up by 43%

Picture: THINKSTOCK
6 day(s) ago

Trading conditions during past six months challenging as the average price of export coal dropped more than expected

Opinion

COMPANY COMMENT: Resilient; Metair

Metair CEO Theo Loock.  Picture: ROBERT BOTHA

Resilient leads rally in listed property sector, while Metair’s start-stop battery technology is a big market opportunity

Opinion

SIGN POST: Smartphone taxi apps go Uber large

Exactly a year after Uber arrived in SA to change the face of private taxi services, it is about to disrupt the world of metered taxis

Companies

Advtech sets aside R3bn for low-fee schools

Advtech CEO Frank Thompson. Picture: FINANCIAL MAIL
1 day(s) ago

It seems that the success of PSG-controlled Curro Holdings in the high-growth lower-fee private school market has prompted Advtech to broaden its pitch

Companies

Workforce shares soar as interim earnings treble

Picture: GALLO IMAGES/FOTO24/LOANNA HOFFMAN
1 day(s) ago

Recruitment group now benefiting from government policies — especially incentives for job creation and training

Property

Texton stands out in poorly performing office sector

Texton Property Fund CEO Rob Kane. Picture: FINANCIAL MAIL
1 day(s) ago

Texton CEO Rob Kane has said that 2014 has been a ‘cornerstone’ year for the fund

Media & Advertising

Naspers deal derailed after Caxton request

Picture: SHELLEY CHRISTIANS
2 day(s) ago

Caxton may have given the competition authorities ‘even more reason’ to investigate Media24 parent company Naspers’s shareholding structure

Property

Texton grows distributions despite struggling office sector

Property commercial Picture: THINKSTOCK
2 day(s) ago

Property fund says it has ‘performed well’ during busy, positive year, fundamental changes have led to solid platform from which to grow asset base

Mining

Shaft Sinkers upbeat after clients help out

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
2 day(s) ago

Shaft Sinkers is putting in place a £9.2m convertible note programme to restore its working capital after taking severe hits

Property

Redefine bid for Fountainhead falls at last hurdle

Picture: THINKSTOCK
2 day(s) ago

SA’s second biggest locally-based listed property company has been trying to gain control of Fountainhead since late in 2012

Science & Environment

iMfolozi coal mines raise concerns

PARTNER: Andrew Zaloumis says fostering a good relationship with those who live adjacent to the park is crucial. Picture: ARNOLD PRONTO
2 day(s) ago

Among fears being raised are that being close to the iMfolozi River, the major river feeding the Lake St Lucia estuary and iSimangaliso World Heritage site, any pollution from the mines would pollute the wildlife sanctuary

Telecoms & Technology

Sentech to run pilot of digital radio

Picture: THINKSTOCK
2 day(s) ago

State-owned broadcasting signal distributor’s move will open the airwaves to more radio stations and improved audio quality

Telecoms & Technology

MTN thrives while JSE indices flag

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

MTN Group has added about R54bn to its market capitalisation since its well-received interim results early this month

Financial Services

FirstRand ‘to get cheap funds from new gold bond’

Picture: THINKSTOCK
2 day(s) ago

FirstRand Bank sells world’s first gold corporate bond

Opinion

Transformation is about more than just black CEOs

If we are serious about real transformation, people need to be thinking of how to transform the credit committees

Opinion

COMPANY COMMENT: Litha; Capitec

Picture: SUNDAY TIMES

The market has recently grown immune to the charms of Litha, while the ghost of Saambou is sending shivers through the market, with Capitec falling 5%

Industrials

Joint venture aims to manufacture electronics

Picture: THINKSTOCK
2 day(s) ago

Grand Parade Investments and Telllumat enter into joint venture, with newly created company looking to position itself as manufacturer of choice for electronic products

Business Times

Top Eskom man makes way for Matona

Tshediso Matona. Picture: TREVOR SAMSON
3 day(s) ago

Eskom's Dan Marokane was evidently instructed to drop out of the race for the Eskom CEO position to make way for government appointee Tshediso Matona

Mining

Light in the tunnel for Shaft Sinkers

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
2 day(s) ago

Shaft Sinkers putting deal in place to recapitalise the company, but costs UK-listed group its chairman

Americas

Discount retail battle heats up

Billionaire investor Carl Icahn. Picture: REUTERS
8 day(s) ago

Dollar General has offered to buy Family Dollar Stores for $8.95bn, trumping an offer by Dollar Tree

Mining

Gold Fields’s South Deep woes grow with R12bn Kebble suit

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

Persistent troubles with South Deep remain, as legacy adds to output problems

Energy

Exxaro to increase higher-margin coal exports

Exxaro Resources CEO Sipho Nkosi. Picture: MARTIN RHODES
5 day(s) ago

Exxaro set to ramp up higher-value coal exports from its Grootegeluk mine after amending its agreement with Eskom

Retail & Consumer

Truworths seeks new CEO for smooth transition

Picture: MICHAEL ETTERSHANK
5 day(s) ago

Truworths International looking for new CEO to replace Michael Mark

Mining

Billiton spin-off offers JSE investors a rarity

BHP Billiton CFO Graham Kerr. Picture: PUXLEY MAKGATHO
6 day(s) ago

Miner still committed to South Africa, and demerger plan is beneficial to the country

Europe

Glencore keeps promise to return cash to shareholders

Picture: REUTERS
6 day(s) ago

Commodities group announces share buyback programme of up to $1bn as it report forecast-beating first-half profit

 
All Share 51659.16-0.14% down
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Resource 10 57830.96-0.12% down
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Standard Bank
 
FTSE 100 6825.670.04% up
Dow Jones 17106.700.00% same
All Share 51638.15-0.18% down
ASX 5648.900.26% up
S&P 500 2000.0200.00% same
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Standard Bank
 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1285.36000.37% up
Platinum 1421.50000.60% up
Silver 19.45000.37% up
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Brent Crude Oil 102.7600.25% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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