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Investec. Picture: MARTIN RHODES

Increased assets under management lift Investec

1 day(s) ago

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

Financial Services

Finbond may seek commercial licence

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

Mutual bank to investigate possibility of lending

Mining

Gold Fields aims to sell project to cut its debt

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

Miner hopes to sell its Arctic Platinum Project by the end of the year as it looks to cut its debt by $300m over the next two years, says CEO Nick Holland

Mining

Petra’s higher diamond output ‘will allow early dividends’

Petra Diamonds CEO Johan Dippenaar poses with the Cullinan Heritage diamond. Picture: BLOOMBERG
1 day(s) ago

Strong results, operational performances and cash generation over the past two years has put company in a position to discuss bringing forward its dividend payment, says CEO

Industrials

Afrox seals R400m oxygen deal

Picture: FINANCIAL MAIL
1 day(s) ago

Company signs 10-year contract extension with Scaw Metals Group to supply 50 tonnes of oxygen a day to Scaw’s Wadeville steel works in Johannesburg

Telecoms & Technology

Altech joins video-on-demand boom

Altech CEO Craig Venter. Picture: MARTIN RHODES
1 day(s) ago

Company says video-on-demand service Node differs from other offerings in that it also offers home automation, security systems and internet telephony

Retail & Consumer

Namibia brewery builds up steam for SABMiller

Picture: SUNDAY TIMES
1 day(s) ago

SABMiller’s first Namibian brewery has started producing its Carling Black Label brand, and will be fully operational later this year

ARB Holdings CEO Byron Nichles. Picture: ARNOLD PRONTO

Bearing Man celebrates birthday and performance

Subsidiary of JSE-listed Invicta Holdings celebrates 40th birthday as its annual revenues tip R4bn

Financial Services

Receiver pushes to liquidate Sharemax

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

SA Revenue Service institutes motion proceedings to have Sharemax’s business rescue proceedings terminated and for the matter to be wound up

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

Opinion

Black business must show it can produce a Sanlam

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


International companies


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
1 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
1 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

Asia-Pacific

Hitachi Construction sees no mining recovery

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

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

Americas

Dollar General’s hostile offer hits bondholders

A Family Dollar store is seen in Chicago, in this June 25 2012 file photo.  Picture: REUTERS
1 day(s) ago

Retailer’s hostile bid to buy Family Dollar Stores threatens to tip its credit rating to speculative-grade levels

Europe

Vodafone and Liberty should consider merger

A customer waits outside the shuttered entrance of a Vodafone store ahead of opening in London. Picture: BLOOMBERG
1 day(s) ago

Cable and phone groups find benefits in working together, write Amy Thomson and Kristen Schweizer

Picture: MARTIN RHODES

Microsoft judgment has far-reaching effects

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
1 day(s) ago

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

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
1 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

Europe

Holcim and Lafarge enter talks with EU to expedite merger

Picture: THINKSTOCK
1 day(s) ago

Companies in a bid to obtain speedier approval of their plan to create the world’s biggest cement maker

Nick Holland. Picture: MARTIN RHODES

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

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
2 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
2 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
2 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
2 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
2 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.
2 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
2 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
3 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
3 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
3 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

3 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
3 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
3 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
3 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
3 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
3 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

SA needs ‘better companies, not more funding’

Picture: SUNDAY TIMES
2 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
1 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
2 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
2 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

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

Telecoms & Technology

Jasco withholds dividend as it seeks growth

Jasco CEO Pete da Silva. Picture: FINANCIAL MAIL
2 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
3 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
3 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
3 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
4 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
4 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
4 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
4 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

Land & Agriculture

Capespan buys stake in clearing specialist

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

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

Media & Advertising

Moneyweb to move house to save costs

Moneyweb chairman Paul Jenkins. Picture: FINANCIAL MAIL
5 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

Business Times

Steady SABMiller a good bet in emerging markets

Picture: FINANCIAL MAIL
6 day(s) ago

Emerging markets have become a focal point for investors wanting to ride on the profits of consumer goods companies that are either entrenched in, or moving into, developing countries

Business Times

Sasol cuts off cash to Durban oil exploration

Sasol CEO David Constable announces the company's audited financial results for the year ending June 30 2013 on Monday. Picture: ARNOLD PRONTO
6 day(s) ago

Sasol, which is exploring for oil and gas off the Durban coast in partnership with Italy's Eni, halts spending on project until there is certainty on minerals amendment bill

 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6837.920.00% same
Dow Jones 17279.740.00% same
All Share 51547.020.00% same
ASX 5437.300.00% same
S&P 500 2010.4000.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 11.07950.18% up
GBP/ZAR 18.05580.36% up
EUR/ZAR 14.19551.65% up
JPY/ZAR 0.10170.11% up
AUD/ZAR 9.90270.12% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1216.40000.04% up
Platinum 1339.00000.30% up
Silver 17.84500.14% up
Palladium 813.00000.62% up
Brent Crude Oil 98.3900.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51547.02
    Change: 0.00%
    Top 40 : 46226.20
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    Financial 15 : 15023.67
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    Industrial 25 : 61020.09
    Change: 0.00%
    Resource 10 : 55151.20
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6837.92
    Change: 0.00%
    Dow Jones : 17279.74
    Change: 0.00%
    Hang Seng : 24306.16
    Change: 0.00%
    ASX : 5437.30
    Change: 0.00%
    S&P 500 : 2010.400
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.0795
    Change: 0.18%
    ZAR/GBP : 18.0558
    Change: 0.36%
    ZAR/EUR : 14.1955
    Change: 1.65%
    ZAR/JPY : 0.1017
    Change: 0.11%
    ZAR/AUD : 9.9027
    Change: 0.12%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1216.4000
    Change: 0.04%
    Platinum : 1339.0000
    Change: 0.30%
    Silver : 17.8450
    Change: 0.14%
    Palladium : 813.0000
    Change: 0.62%
    Brent Crude Oil : 98.390
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
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