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Property

MAS Real Estate to list on JSE to ‘boost visibility, improve liquidity of shares’

MAS Real Estate CEO Lukas Nakos. Picture: FINANCIAL MAIL
20 hour(s) ago

Western Europe-focused MAS Real Estate will list on Thursday as it looks to become more liquid rand hedge counter for South African investors

Mining

Harmony mine plan weighs on stock

Harmony Gold CEO Graham Briggs. Picture: MARTIN RHODES
1 day(s) ago

Harmony’s shares fall 1.71% to R20.18 as investors worry over significant financing requirements

Industrials

OneLogix to invest PostNet proceeds in growth plans

OneLogix CEO Ian Lourens. Picture: FINANCIAL MAIL
1 day(s) ago

The deal involves the sale of the master franchise for the PostNet brand in SA, which was started in 1994 and now has 287 stores

Transport & Tourism

Visa rules dampen Cullinan confidence

Picture: THINKSTOCK
1 day(s) ago

CEO says perceptions around Ebola and the government’s new visa regulations could mute the company’s performance

Mining

Cons Murch applies for business rescue

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

Parent Village Main Reef is in a buyout process in which a number of its businesses and assets are being sold

Picture: THINKSTOCK

MMI enters broking with Imara SP Reid deal

MMI plans to leverage off its distribution networks in Momentum and Metropolitan

Mining

Tharisa shareholder opposes share conversion

Tharisa CEO Phoevos Pouroulis at the JSE on Thursday. Picture: RUSSELL ROBERTS
1 day(s) ago

Platinum and chrome miner CEO says the latest potential claim is unrelated to the recently reported claim of $4.8m against Tharisa chairman Loucas Pouroulis

Opinion

COMPANY COMMENT: Texton Property Fund; African Bank

CEO Rob Kane in front of the Vunani offices, now known as Texton Property Fund. Picture: FINANCIAL MAIL

PDNA Property Investments already owns 5% of Texton, so the deal takes its BEE ownership to 25%, while curator Tom Winterboer seems to be making steady progress in reviving African Bank


International companies


World

Facebook ditches Bing, plans to introduce own search tool

Picture: REUTERS
2 day(s) ago

New search engine is said to give users ability to filter through old comments and other information from friends, allowing for more accurate experience

Americas

PayPal follows startups into alternative loan market

COMPROMISED: EBay said cyber criminals raided its network three months ago, stealing some 145-million user records, including passwords, from a database. Picture: BLOOMBERG
1 day(s) ago

Programme seen as crucial for payments-processing group before it spins off from eBay next year

EE shop. Picture: REUTERS/ SUZANNE PLUNKETT

BT’s mobile plans raise rivals’ fears

Planned acquisition of EE will give the former phone monopoly an incentive to favour its own traffic, which could result in unfair speed advantages
Eskom CEO Tshediso Matona. Picture: SIMPHIWE NKWALI

A crisis for SA, but not for Eskom, says Matona

Parastatal ordered by government to delay maintenance for World Cup and beyond, CEO admits

Industrials

Estcourt blast plunges Masonite into full-year loss

Picture: THINKSTOCK
3 day(s) ago

Hardboard group to post headline loss per share of 77c-92c, a sharp drop from the previous year’s 500c earnings, as it finalises an insurance claim

Mining

Pouroulis faces $4.8m shares claim

Mining magnate Loucas Pouroulis. Picture: FINANCIAL MAIL
3 day(s) ago

Cayman Islands-registered fund claims Loucas Pouroulis has not paid for shares he had agreed to buy

Financial Services

Peer-to-peer lender moves into SME field

Sean Emery. Picture: ROBERT TSHABALALA
3 day(s) ago

Rainfin’s decision to diversify can help in facilitating growth in the small business sector

Business Times

Unpicking why the lights went dim at Ellies

Ellies CEO Wayne Samson. Picture: Russell Roberts
4 day(s) ago

It has been a torrid year for Ellies — a share-price slump, a mid-year cash crunch, an expected first-half loss, a rights offer and a restructuring. CEO Wayne Samson finally breaks his silence

Business Times

Caxton trumpets R2bn cash pile

Picture: THINKSTOCK
3 day(s) ago

Company’s R2.2bn cash pile represents a ‘war chest’ that enables it to exploit any opportunities that are available, says chairman

Business Times

‘Cement tie-up does not make business sense’

Paul Stuiver, CEO of PPC. Picture: FINANCIAL MAIL
3 day(s) ago

A tie-up between PPC and Afrisam would create an entity with just under 60% of the South African market and raise considerable competition concern

Business Times

Media moguls’ brave new world

Blackstar executive chairman Andrew Bonamour.   Picture: FINANCIAL MAIL
3 day(s) ago

Shareholders will welcome tie-up with Tiso, but journalists might bite their nails

Business Times

Ivanhoe drills into mistrust at Platreef

Robert Friedland, executive chairman of Ivanhoe Mines. Picture: MARTIN RHODES
3 day(s) ago

Secret payments and confusion about who benefits from resource extraction have bred mistrust between communities, traditional authorities and Ivanhoe

Opinion

COMPANY COMMENT: PPC; Specialised property funds

Bheki Sibiya. Picture:  RUSSELL ROBERTS

PPC comes full circle — but with dents and globally specialised property funds are proving popular among investors

Education

Advtech’s Centurus deal gets nod but shares fall

Picture: THINKSTOCK
2 day(s) ago

Competition Commission approves education group’s purchase of Pecanwood, Southdowns and Tyger Valley colleges as group fends off competition from Curro

Transport & Tourism

OneLogix sells PostNet to Dubai’s Aramex

OneLogix CEO Ian Lourens. Picture: FINANCIAL MAIL
3 day(s) ago

South African logistics group sells courier, printing and copying chain PostNet for R191m to Aramex, which competes with DHL and FedEx and is focusing more on Africa

Industrials

Big bonuses for Omnia executives

Picture: THINKSTOCK
3 day(s) ago

Senior executives of the specialised chemicals maker to receive R439.7m — half will be settled in cash

Americas

Have publishers shot themselves in the foot with Google News shutdown?

PRIVACY ISSUES: Pedestrians walk in front of Google’s headquarters in Mountain View, California. The US company has started to comply with the EU’s ‘right to be forgotten’ ruling. Picture: BLOOMBERG/DAVID PAUL MORRIS
6 day(s) ago

Google shuts down news offering in Spain after court ruling that will compel search engine to pay licence revenue to Spanish publishers

Americas

McDonald’s to pare menu, review ingredients

Fast Food. Picture: BLOOMBERG FILE PHOTO
6 day(s) ago

Fast-food giant outlines plans for major changes to its food offerings — from items it sells to how they are made

Opinion

ON THE MONEY: Restoring African Bank not on cards

African Bank will never be the standalone entity that the Reserve Bank had hoped back in August, writes Stuart Theobald

Opinion

ON THE MONEY: Fidentia decision a perversion of justice

‘Actual’ loss means destroying your investors’ wealth, most obviously by stealing it

Industrials

Aveng’s Mokolo Crocodile problems nearly over

Aveng CEO Kobus Verster. Picture: RUSSELL ROBERTS
6 day(s) ago

Construction company expects its problematic pipeline contract to be handed over in February, bringing to an end a contract awarded in 2011 that has accumulated losses amid delays

Industrials

Afrisam outlines PPC merger plan

PIC chief investment officer Daniel Matjila. Picture: TREVOR SAMSON
6 day(s) ago

Afrisam says in merger proposal the companies need scale to compete against conglomerates across Africa, including Nigeria’s Dangote Cement and merging European giants Holcim and Lafarge

Europe

HSBC axes head of foreign exchange

The retreat by international banks such as HSBC from the Middle East has pushed Arab lenders to step up to the plate. Picture: BLOOMBERG/MATTHEW LLOYD
7 day(s) ago

Move is broadly in the context of a global investigation into manipulation of currency markets which saw HSBC and five other banks fined a total of $4.3bn last month

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Calendar

Grand Parade Grand Parade AGM
  • All Share : 48766.03
    Change: 3.14%
    Top 40 : 43105.05
    Change: 3.58%
    Financial 15 : 15228.29
    Change: 2.85%
    Industrial 25 : 61099.03
    Change: 3.65%
    Resource 10 : 41432.43
    Change: 3.68%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6407.43
    Change: 1.12%
    Dow Jones : 17356.87
    Change: 0.00%
    Hang Seng : 22851.95
    Change: 1.18%
    ASX : 5189.70
    Change: 0.96%
    S&P 500 : 2012.890
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.5021
    Change: -1.11%
    ZAR/GBP : 18.0138
    Change: -0.60%
    ZAR/EUR : 14.1864
    Change: -1.19%
    ZAR/JPY : 0.0971
    Change: -0.90%
    ZAR/AUD : 9.4327
    Change: -0.25%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1209.4400
    Change: 1.60%
    Platinum : 1211.7000
    Change: 1.65%
    Silver : 16.2000
    Change: 2.86%
    Palladium : 790.5000
    Change: 2.00%
    Brent Crude Oil : 63.170
    Change: 3.25%
    All data is delayed by 15 min
    Data supplied by INET BFA
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