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Times Media Group. Picture: MARTIN RHODES

Times Media Group swings back into profit

11 hour(s) ago

Media company says core operations performed satisfactorily in difficult environment as it focused on costs, efficiencies, growth, market share

African Business

Transnet opens Maputo joint centre

Picture: THINKSTOCK
12 hour(s) ago

Transnet and port and rail operators in Swaziland and Mozambique unveil Maputo Corridor joint operating centre, company says

BusinessDay

Net1 shares slide on threat of action against unit

Social Development Minister Bathabile Dlamini. Picture: TREVOR SAMSON
14 hour(s) ago

Net1 UEPS Technologies takes beating in early trade on JSE on news National Consumer Tribunal has been asked to cancel registration of Moneyline Financial Services

Industrials

Gordhan’s shock departure from PPC sparks fear for African plans

Ketso Gordhan. Picture: MARTIN RHODES
20 hour(s) ago

Ketso Gordhan resigns due to differences of opinion with the board, regarding board procedures for the approval of certain decisions, says PPC

Mining

Pallinghurst sits tight on dividends

Pallinghurst chairman Brian Gilbertson. Picture: SOWETAN
19 hour(s) ago

Money being ploughed back into businesses but shareholders will be paid ‘in chunks’

Mining

Coal of Africa leaps on sale of Mooiplaats to Blackspear

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

But share price has halved over past year, reflecting company’s constrained financial position and weak global coal prices

Property

Investec Australia fund rights issue eyes R1.2bn

20 hour(s) ago

Investec Australia Property Fund’s share price jumps as much as 7.8% to an intraday high of R12.29

Business

SA streamlines company registration procedures, MPs hear

Picture: THINKSTOCK
19 hour(s) ago

CIPC making strong gains in improving efficiency as it moves towards a paperless, electronic system of dealing with transactions

Telecoms & Technology

DiData in two deals to increase internet connectivity

Picture: THINKSTOCK
20 hour(s) ago

Dimension Data and MultiChoice will launch a new company called WirelessCo that will build an open-access WiFi network

Picture: THINKSTOCK

Rosatom announces SA nuclear power deal

Rosatom says agreement had been signed in Vienna with Tina Joemat-Pettersson for large-scale nuclear power plant development in SA, amid scepticism as Zuma stays silent

Mining

Rockwell lifts sales with output boost

Rockwell Diamonds CEO James Campbell. Picture: FINANCIAL MAIL
18 hour(s) ago

Rockwell Diamonds increases production by 6% to 3,764 carats in the three months to end-August

Companies

Clients vote for Standard as SA’s top retail stockbroker

WINNER: Standard Online Share Trading head Brett Duncan, centre, flanked by Financial Mail deputy editor Ron Derby, left, and Intellidex MD Stuart Theobald at the awards luncheon on Monday. Picture: CHRIS WESSELS
20 hour(s) ago

Standard Online Share Trading wins the overall award for best stockbroker, and the ‘people’s choice’ award

Opinion

COMPANY COMMENT: Why Investec stock is beloved of investors

Investec. Picture: MARTIN RHODES

Specialist bank and asset manager’s lending and investment fees make up 75% of income, and rest comes from lower-quality, nonrecurring business of trading income

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?


International companies


Industrials

Electronics giant Philips to split in historic move

Philips CEO Frans van Houten. Picture: REUTERS
15 hour(s) ago

Philips will split company in two, separating its healthcare-lifestyle division from lighting business in dramatic streamlining move

Europe

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

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
1 day(s) ago

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

Asia-Pacific

Alibaba IPO ranks as world’s biggest after additional shares sold

Alibaba.com's head office in Hangzhou, Zhejiang Province, China. Picture: BLOOMBERG
1 day(s) ago

Overwhelming demand sees IPO initially raise $21.8bn and then send Alibaba’s stock surging 38% in its debut

Picture: THINKSTOCK

Total keeps tabs on costs

Total plans to cut costs and sell more assets after lowering forecasts for production growth

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
1 day(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

Net1 UEPS chairman and CEO Serge Belamant.  Picture: ROBERT BOTHA

Net1 credit unit’s future threatened

Net1 threatened with the loss of its registration and the ability to operate because of its alleged breach of the National Credit Act

Mining

Village to open sales process for platinum

Village Main Reef CEO Ferdi Dippenaar. Picture: FINANCIAL MAIL
1 day(s) ago

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

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
1 day(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

Opinion & Analysis

Acsa could put Eskom on the right path

OR Tambo International Airport in Johannesburg. Picture: ACSA
1 day(s) ago

An initial public offering of even a non-controlling share would help to establish its value to its shareholders, writes Brian Kantor

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
1 day(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.

Business Times

Hunt for Aurora's Bhanas

Mine worker.  Picture: EPA
2 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

Financial Services

Increased assets under management lift Investec

Investec. Picture: MARTIN RHODES
4 day(s) ago

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
5 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
5 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
5 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
5 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
5 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
5 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.
5 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
5 day(s) ago

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

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
6 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
6 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
6 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
6 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: 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

Industrials

PPC CEO and executive director Ketan Gordhan resigns

Ketso Gordhan. Picture: MARTIN RHODES
1 day(s) ago

Stock prices take a knock as Ketan Gordhan resigns with immediate effect due to ‘differences of opinion with board’

Financial Services

Alexander Forbes upbeat over equity deal

Alexander Forbes. Picture: MARTIN RHODES
1 day(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

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
2 day(s) ago

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

Business Times

Entertainment at home set for a huge makeover

Picture: THINKSTOCK
2 day(s) ago

New entrants take on leader MultiChoice

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

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

Business Times

Shoprite hit by dispensing fee pricing system

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

Group’s MediRite chain left out of pocket

Asia-Pacific

Hitachi Construction sees no mining recovery

Yuichi Tsujimoto, president and chief executive officer of Hitachi Construction Machinery. Picture: BLOOMBERG
4 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
4 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
4 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
4 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
5 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
5 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
5 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
5 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
6 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
6 day(s) ago

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

Mining

De Beers’ model aims to boost sector credit

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG
6 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
6 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
6 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

6 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

 
All Share 50053.91-0.85% down
Top 40 44873.06-0.82% down
Financial 15 14523.85-1.20% down
Industrial 25 59247.61-1.23% down
Resource 10 53477.610.18% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6676.080.00% same
Dow Jones 17055.870.00% same
All Share 50053.91-0.85% down
ASX 5415.900.00% same
S&P 500 1982.770-0.58% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 50053.91
    Change: -0.85%
    Top 40 : 44873.06
    Change: -0.82%
    Financial 15 : 14523.85
    Change: -1.20%
    Industrial 25 : 59247.61
    Change: -1.23%
    Resource 10 : 53477.61
    Change: 0.18%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6676.08
    Change: 0.00%
    Dow Jones : 17055.87
    Change: 0.00%
    Hang Seng : 23837.07
    Change: 0.00%
    ASX : 5415.90
    Change: 0.00%
    S&P 500 : 1982.770
    Change: -0.58%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.1623
    Change: 0.00%
    ZAR/GBP : 18.2988
    Change: 0.01%
    ZAR/EUR : 14.3461
    Change: 0.04%
    ZAR/JPY : 0.1027
    Change: 0.13%
    ZAR/AUD : 9.8730
    Change: -0.09%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1221.5500
    Change: -0.03%
    Platinum : 1333.0000
    Change: 0.45%
    Silver : 17.7735
    Change: 0.16%
    Palladium : 816.2500
    Change: 0.65%
    Brent Crude Oil : 96.860
    Change: 0.01%
    All data is delayed by 15 min
    Data supplied by INET BFA
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