• Thursday, April 24 2014
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Picture: THINKSTOCK

Platinum the only laggard in Anglo’s stable

11 hour(s) ago

Anglo American announces increase in production across all operations, but Association of Mineworkers and Construction Union strike knocks platinum

Mining

Sishen and Kolomela help to boost Kumba’s production

Picture: REUTERS
11 hour(s) ago

Kumba Iron Ore says production recovery plan continuing but was hampered by ‘excessive rainfall that affected waste removal’

Mining

Amplats warns of fall in production due to strike

Picture: THINKSTOCK
11 hour(s) ago

Anglo American Platinum says there is potential for further declines due to three-month work stoppage at Rustenburg, Union mines

Mining

Sibanye gives ‘solid performance’, eyes platinum assets

Sibanye Gold CEO Neal Froneman.  Picture: SUNDAY TIMES
9 hour(s) ago

Sibanye Gold pushes March quarter production higher despite having to contend with fire at Driefontein, shaft-related incidents at Beatrix, Kloof

Retail & Consumer

Clicks weathers tough conditions

Picture: SUNDAY TIMES
10 hour(s) ago

Clicks Group manages modest increase in earnings amid decline in consumer activity as escalating living costs, slowdown in credit take their toll

Property

Long-term leases give Rebosis confidence of fund’s performance

Rebosis Property Fund CE Sisa Ngebulana. Picture: FINANCIAL MAIL
9 hour(s) ago

Rebosis Property Fund says it has increased assets under management through ‘yield-enhancing strategic acquisitions’

Retail & Consumer

Burger King targets expansion in meat manufacturing venture

A Burger King outlet at Park Station in Johannesburg. Picture: THE TIMES
15 hour(s) ago

The R50m facility, in Elsies River, Cape Town, has been established through a joint venture with Excellent Meat

Markets

JSE escapes system gremlin with little damage

Picture: JSE
15 hour(s) ago

Losses for investors avoided only because no major trades or earnings results were booked in the morning session

Mining

Ferrochrome production starts at Lion Two

15 hour(s) ago

The 350,000-tonnes-a-year phase two expansion of the Lion ferrochrome plant will raise the GlencoreXstrata-Merafe chrome venture’s total installed capacity to more than 2.3-million tonnes a year

Mining

Special gems add to Petra revenue growth

Picture: THINKSTOCK
15 hour(s) ago

Petra Diamonds grows revenue above market expectations in the March quarter, boosted by strong diamond prices and the sale of seven special stones

Financial Services

Russia’s Gazprombank opens in South Africa

Picture: THINKSTOCK
1 day(s) ago

The bank’s deputy chairman Oleg Vaksman will launch the bank in Johannesburg

Picture: SUNDAY TIMES

For SA banks, technology is no money saver

Rather than cutting costs, innovation is the price of staying competitive, writes Gillian Jones

Financial Services

Sanlam takes control of Malaysia firm

Sanlam CEO Johan van Zyl. Picture: MARTIN RHODES
15 hour(s) ago

South African insurer sees opportunities in focus on lower end of market

Financial Services

‘Impressive’ share surge for Abil, Capitec

Picture: SUNDAY TIMES
15 hour(s) ago

Shares in South Africa’s largest unsecured lender, African Bank Investments Ltd, rocket 11% ahead of its full-year results on May 19

Industrials

Imports of MGs being reconsidered

15 hour(s) ago

Jebb McIntosh, CEO of importer Combined Motor Holdings, admits the group is reconsidering its commitment to the brand

Transport & Tourism

Marriott brings its brands to SA’s hotel market

15 hour(s) ago

It will still retain the identity of Protea Hotels’ brands in South Africa and the rest of Africa

Business

Joburg to sell bonds in bid to raise funds for infrastructure

15 hour(s) ago

Johannesburg is set to lead a resurgence in municipal bond sales as South African cities raise money to improve decaying water systems, sanitation and electricity infrastructure

Opinion

COMPANY COMMENT: Aquarius Platinum; platinum-sector strikes

Aquarius Platinum CEO Jean Nel

Aquarius taking right steps for investors, while reduction in the platinum industry’s workforce looks likely

Opinion

IN THE MARKETS: Cutifani being diplomatic about Rustenburg mines

Anglo American CEO Mark Cutifani is clutching at straws with his comments on operations in Rustenburg


International companies


Europe

Barclays expected to cut 7,500 jobs

Picture: REUTERS
15 hour(s) ago

UK’s second-largest bank by assets could eliminate 7,500 jobs at its investment bank to improve returns at securities unit

Americas

Call for Buffett to reject Coca-Cola plan

15 hour(s) ago

Buffett owes it to shareholders of Berkshire Hathaway to vote against Coca-Cola’s executive-compensation plan, says money manager who controls stakes in both firms

APPREHENSIVE: Glencore CEO Ivan Glasenberg has raised concerns about pricing pressure on mining companies. Picture: BLOOMBERG

Australian coal miners fanning supply glut

Australian mining companies prolonging supply glut that has driven coal prices to a four-year low because of freight contracts that make it cheaper to ship at a loss than to cut output
Picture: REUTERS

Toyota to introduce affordable, SA-made sedan

Toyota’s creation of a new budget car category will challenge importers of popular Korean vehicles

Property

Delta pays R488m for Durban buildings

1 day(s) ago

The black-controlled company is spending nearly half a billion rand on the Old Mutual Centre and The Marine

Financial Services

Real People to focus on lending to small firms after Wizzit acquisition

1 day(s) ago

Real People Group CEO Neil Grobbelaar says that the acquisition will fill a ‘gaping hole in our armoury’

Opinion

COMPANY COMMENT: Newmont-Barrick; Santam

Picture: THINKSTOCK

Timing will restrict merger opportunities for global gold giants, while Santam’s decision to unwind its European businesses is not a complete surprise

Opinion

COMPANY COMMENT: Quality Beverages; SABMiller

QB may be better off jiving in the clover while SABMiller’s admission that it is reviewing strategic options for its shareholding in Tsogo Sun will have turned a few heads

Retail & Consumer

Unilever raid ‘part of collusion probe’

Acting competition commissioner Tembinkosi Bonakele. Picture: FINANCIAL MAIL
2 day(s) ago

Competition Commission says it is too early to say what documents and electronic data were seized

Retail & Consumer

Pick n Pay’s loyalty mobile app ‘a hit with customers’

Picture: FINANCIAL MAIL
2 day(s) ago

Supermarket chain says that 115,000 customers have to date downloaded its Smart Shopper loyalty app

Retail & Consumer

Weak sales growth likely in Clicks’ interims

Picture: SUNDAY TIMES
2 day(s) ago

Curbing of credit and a moderation in income growth are worsening downtrend in consumer activity

Mining

A BHP Billiton spin-off may not be the best bet for shareholders

BHP Billiton’s signboard outside Richards Bay. Picture: SUNDAY TIMES
2 day(s) ago

Analysts say global miner could do better with outright sale of assets it no longer wants, which could include SA operations

Business

HCI not rattled by latest move from SABMiller

HCI executive chairman Johnny Copelyn.  Picture: FINANCIAL MAIL
4 day(s) ago

Executive chairman heading off to Spain on holiday and will on his return attend to the implications of SABMiller’s announcement that it was reviewing strategic options for its 39.6% stake in Tsogo Sun

Financial Services

Stanlib eyes a bigger share of Africa spoils

Stanlib CEO Seelan Gobalsamy.
4 day(s) ago

Next step is to build Stanlib into the "asset manager of choice in Africa", says new chief executive Seelan Gobalsamy

Retail & Consumer

New broom at Pick n Pay brushes up results

Richard Brasher. Picture: BUSINESS DAY
4 day(s) ago

British former head of Tesco who was parachuted in last year to lead Pick n Pay’s turnaround admits that the retailer was not even in the race for space until recently

Financial Services

Ubank stops lending to mineworkers

Ubank CEO Luthando Vutula.  Picture: SOWETAN
4 day(s) ago

Ubank reeling from effects of 13-week strike in the platinum-mining sector

Retail & Consumer

Pick n Pay’s turnaround paying off

Richard Brasher. Picture: BUSINESS DAY
8 day(s) ago

Full-year profit increase of 25% shows some evidence of turnaround

Land & Agriculture

Tribunal confirms commission’s ruling on Oceana-Foodcorp deal

Picture: THINKSTOCK
9 day(s) ago

Fishing company Oceana and Foodcorp ordered to sell Foodcorp’s fishing rights along with Glenryck brand, as condition for approval of transaction

Property

Randburg mall revamp ‘a success’

Laurence Rapp, CEO of Vukile Property Fund. Picture: BUSINESS DAY
7 day(s) ago

Vukile spends R207m on upgrading mall, increasing footfall 20% in last quarter of last year

African Business

Standard’s Africa index declines on Zimbabwe stocks

A Zimbabwe Stock Exchange official walks past an electronic display screen at the close of trading in Harare on Monday. Picture: REUTERS
7 day(s) ago

Zimbabwean stocks have been Africa’s worst performers, falling for a sixth day to the lowest since January last year

Financial Services

Ashburton goes off the beaten track

Ashburton CEO Boshoff Grobler. Picture: SUNDAY TIMES
7 day(s) ago

Stephen Cranston looks at the business of Ashburton, which has just moved into its new Sandton premises

Mining

Firms take on Goliath over rights at Wit Nigel

7 day(s) ago

Covenant Mining and White Water Gold serve papers on Goliath Gold, claiming ownership of its Wit Nigel prospecting right

Property

Atlantic Leaf buys into UK-based Seahawk

1 day(s) ago

The deal will see Atlantic Leaf acquire a 30% share in a portfolio of 30 retail warehouse properties in the UK

Mining

Aquarius share price reflects rights issue

Picture: SUNDAY TIMES
1 day(s) ago

Miner’s share price adjusts downwards by 42% as the company goes ex-rights in a $225m rights issue designed to buy back a large portion of a $300m convertible bond

Industrials

ELB Group acquires B&W Instrumentation and Electrical

1 day(s) ago

The transaction will result in the delisting from the AltX of B&W’s shares, which last traded at 34c before being suspended

Land & Agriculture

Sekunjalo set to settle with commission over fishing

Sekunjalo Investments CEO Khalid Abdulla. Picture: FINANCIAL MAIL
1 day(s) ago

Shares up 3.9% as interims show higher profit, but no dividend yet

Companies

Thembeka Capital doubles dividend

1 day(s) ago

Thembeka disposes of R472m in ‘small’ assets, including holdings in MTN Group’s and Sasol’s empowerment vehicles

Property

SA Corporate concludes Joburg inner city deal

1 day(s) ago

JSE-listed company acquiring the entire issued share capital of Affordable Housing Company and its portfolio of 27 Johannesburg inner city properties, worth about R953m

Telecoms & Technology

$130m for cell towers in Africa

CONNECTED: A cellphone tower in Johannesburg. Picture: SUNDAY TIMES
2 day(s) ago

IHS Holding raises further $130m which will be used to accelerate its plans for expansion into new and existing markets

Land & Agriculture

Poultry producers poised for a rebound

Picture: THINKSTOCK
2 day(s) ago

Lower maize prices, trade relief could help it emerge from woes this year, writes Nick Hedley

Financial Services

Net1 on the ropes over R10bn deal

Net1 UEPS chairman and CEO Serge Belamant.  Picture: ROBERT BOTHA
4 day(s) ago

Constitutional Court delivers potentially fatal blow to Net1’s R10bn contract to handle social grant payments to about 21.6-million beneficiaries

Retail & Consumer

Politics and Pattison do not make a perfect mix

WALKING AWAY: Grant Pattison, Massmart CEO, had to adjust to cultural differences following the Walmart merger. Picture: SIMON MATHEBULA
4 day(s) ago

Young dealmaker embarks on a search for some new excitement, writes Chris Barron

Retail & Consumer

JSE puts the ‘uncle in the furniture business’ on the spot

Joshua Doore, part of the JD Group. Picture: SUNDAY TIMES
4 day(s) ago

JD Group will have to explain to the JSE why it broke the exchange’s listings rules by ditching a number of independent directors

Mining

RBPlat ahead of schedule on new mine

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

Though the company’s operations are close to Rustenburg, it has not been affected by the platinum strike by 70,000 mine workers

Financial Services

Santam seeking to unwind international division

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

International diversification strategy will now focus on partnering with parent company Sanlam’s emerging markets division

Asia-Pacific

Deutsche Bank top in South Korea after breweries deal

Deutsche Bank. Picture: MARTIN RHODES
2 day(s) ago

Deal puts the firm on course for a record advisory year in the country

Retail & Consumer

Steinhoff has long wanted to shift its listing

Steinhoff CEO Markus Jooste. Picture: FINANCIAL MAIL
4 day(s) ago

Analysts say European listing was highly complex, with company having had to weigh up exchange-control requirements and tax regulations

Retail & Consumer

Lewis scores as rivals languish in the comfort zone

Lewis Group CEO Johan Enslin. Picture: FINANCIAL MAIL
4 day(s) ago

Business model differs in that it is more conservative, decentralised and ensures close relationships between store managers and the communities they serve

Telecoms & Technology

Sponsorship of cycle club puts spoke in MTN's wheels

4 day(s) ago

MTN to extend tender awarded to company to manage call centres after the cellular giant picks up potential conflict of interest involving SA boss and company executive

Financial Services

Sasfin baits its banking hook

Sasfin CEO Roland Sassoon. Picture: FINANCIAL MAIL
4 day(s) ago

Sasfin Holdings CEO aims to lure more high-income clients with a new suite of products

Opinion

COMPANY COMMENT: Reunert; SA companies in Australia

Picture: THINKSTOCK

Reunert’s decision to exit retail cellphone market may be sign that the main casualties termination rate cuts will be the industry’s middlemen

Opinion

ON THE MONEY: Investor diversity on the JSE would aid capital raising for risky ventures

Treasury thinks private investors will make bad decisions if they invested without an asset manager

 
All Share 48934.510.59% up
Top 40 43900.890.58% up
Financial 15 13742.310.34% up
Industrial 25 55468.320.44% up
Resource 10 57685.721.12% up
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
FTSE 100 6703.000.42% up
Dow Jones 16491.06-0.06% down
All Share 48934.510.59% up
ASX 5515.500.00% same
S&P 500 1876.1000.04% up
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
USD/ZAR 10.62810.51% up
GBP/ZAR 17.85630.63% up
EUR/ZAR 14.69820.57% up
JPY/ZAR 0.10390.67% up
AUD/ZAR 9.84020.20% up
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
Gold 1291.74000.61% up
Platinum 1412.00000.79% up
Silver 19.70501.35% up
Palladium 801.00002.43% up
Brent Crude Oil 110.2901.08% up
All data is delayed by 15 min.
Data supplied by I-Net Bridge

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  • All Share : 48934.51
    Change: 0.59%
    Top 40 : 43900.89
    Change: 0.58%
    Financial 15 : 13742.31
    Change: 0.34%
    Industrial 25 : 55468.32
    Change: 0.44%
    Resource 10 : 57685.72
    Change: 1.12%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • FTSE 100 : 6703.00
    Change: 0.42%
    Dow Jones : 16491.06
    Change: -0.06%
    Hang Seng : 22562.80
    Change: 0.00%
    ASX : 5515.50
    Change: 0.00%
    S&P 500 : 1875.850
    Change: 0.02%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • ZAR/USD : 10.6283
    Change: 0.51%
    ZAR/GBP : 17.8563
    Change: 0.63%
    ZAR/EUR : 14.6971
    Change: 0.57%
    ZAR/JPY : 0.1039
    Change: 0.68%
    ZAR/AUD : 9.8388
    Change: 0.18%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • Gold : 1292.2650
    Change: 0.65%
    Platinum : 1412.0000
    Change: 0.79%
    Silver : 19.6929
    Change: 1.29%
    Palladium : 801.0000
    Change: 2.43%
    Brent Crude Oil : 110.290
    Change: 1.08%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
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