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Top Companies 2014
Neville Nicolau. Picture: BUSINESS DAY

Basil Read appoints Neville Nicolau as new CEO

22 hour(s) ago

Construction firm appoints former Anglo American Platinum head as CEO with effect from September 1

Industrials

Rand weakness boosts Hulamin’s export volumes

Picture: THINKSTOCK
21 hour(s) ago

Aluminium products maker says better sales of rolled products from second half of last year, slight improvement in conversion margins underpin growth

Mining

Buoyant Anglo eyes productivity

Anglo American CEO Mark Cutifani. Picture: MARTIN RHODES
1 day(s) ago

Anglo American will bring productivity and operational lessons from its Australian coal operations to those in SA

Retail & Consumer

Woolworths’ feud with Lew appears over

Solomon Lew. Picture: BLOOMBERG
1 day(s) ago

Retailer pays R2.1bn for Australian retail billionaire Solomon Lew’s Country Road stake

Telecoms & Technology

Solar computer is a product of Africa

IMPI Mk1. Picture: CAPSULE TECHNOLOGIES
1 day(s) ago

Capsule Technologies, a Cape Town-based technology firm, has designed Africa’s first solar-powered desktop computer running on Android

Mining

De Beers becomes shining light in Anglo stable

Picture: THINKSTOCK
22 hour(s) ago

De Beers vaults into top spot as the key contributor to underlying earnings in the first half of the Anglo American financial year, generating $469m

Land & Agriculture

Zeder gets ‘fair and reasonable’ view for deal

Zeder Investments CEO Norman Celliers
22 hour(s) ago

The proposed R2.3bn merger of PSG-aligned agri-business investor Zeder with unlisted Agri-Voedsel has been given the thumbs-up by an independent assessor

Property

Cartel watchdog ‘must review mall exclusivity’

Picture: THINKSTOCK
22 hour(s) ago

The call to address exclusivity clauses in shopping-mall leases may be anticompetitive and restrain economic growth

Picture: THINKSTOCK

Country’s shareholders need greater say on executive pay

The exact nature of any ‘say on pay’ regulation should be coupled with an equally vigorous debate on regulation and policy related to job creation, writes Jon Duncan

Mining

Gold miners lend Rand Refinery R1.2bn to replace ‘lost’ gold

Picture: REUTERS
22 hour(s) ago

If Rand Refinery utilises the facility, the loan will be converted to equity after two years

Financial Services

Banking index races past JSE’s all share

Picture: MICHAEL ETTERSHANK
22 hour(s) ago

Banks have been recovering from a ‘heavy sell-off’ after the Reserve Bank ‘unexpectedly’ hiked the repo rate by 50 basis points in January

Opinion

COMPANY COMMENT: Telkom; African Bank

Picture: CHARLES GALLO/GALLO IMAGES

Telkom will shed jobs one way or another, while Department of Trade and Industry could be Abil’s unlikely white knight

Opinion

ON THE MONEY: New credit legislation could deliver a fresh blow to African Bank

African Bank is already against the ropes after vast bad debt write-offs


International companies


Europe

Leading banks face suit for allegedly rigging price of silver

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

Deutsche Bank, HSBC Holdings and Bank of Nova Scotia are accused in a lawsuit of unlawfully manipulating the price of the metal and its derivatives

Americas

Exit of brewer’s CEO makes merger less likely

SABMiller CEO Alan Clark
1 day(s) ago

The retirement of Molson Coors Brewing CEO Peter Swinburn may be bad news for investors betting on a merger between Anheuser-Busch InBev and SABMiller

Europe

UK agency charges Alstom with corruption

Picture: AFP
4 day(s) ago

Alstom charged with corruption by UK prosecutors after a five-year probe

A guard stands on a train carrying the remains of victims of Malaysia Airlines MH17 downed over rebel-held territory in eastern Ukraine after it arrived in the city of Kharkiv, eastern Ukraine on Tuesday. Picture: REUTERS

NEWS ANALYSIS: Malaysia Airlines’ outlook bleak after twin tragedies

Airline experts say the twin tragedies are pushing crisis-hit Malaysia Airlines to the brink of financial collapse

Opinion & Analysis

Murdoch the deal maker overshadows the innovator

Media magnate Rupert Murdoch.  Picture: REUTERS
4 day(s) ago

Cable companies face new online and digital competition. This is difficult for them but good for consumers, and cannot be solved by mergers, writes John Gapper

Picture: THINKSTOCK

Small firms may not be South Africa's saviours

Ebrahim-Khalil Hassen: Re-examine the belief that a million start-ups will create jobs and assets

Mining

Anglo to refocus on assets that offer best value

Anglo American CEO Mark Cutifani. Picture: MARTIN RHODES
4 day(s) ago

CEO Mark Cutifani says Anglo American will sell some unspecified assets, will concentrate on assets that best match chosen areas of focus, skills to drive returns

Business Times

Lonmin in murky BEE plan

2 day(s) ago

Lonmin stands accused of bulldozing through an empowerment deal with the Bapo Ba Mogale community, on whose land it has been mining for decades

Business Times

Absa Wealth bleeds talent at the top amid mutters over pay

Absa Capital CE Stephen van Coller answers questions at the Pinnacle Point  commission of inquiry in Cape Town on Monday. Picture: TREVOR SAMSON
1 day(s) ago

Trueman Zuma, head of its Global Research and Investments operation, calls it quits

Business Times

Nedbank boss plans leadership shake-up

Picture: RUSSELL ROBERTS
1 day(s) ago

Dave Macready, the head of the lender’s wealth division, is likely to be announced as Ingrid Johnson's successor

Retail & Consumer

Soft drink sales drive gains by SABMiller

Carbonated soft drinks are popular thirst-quenchers and you don't have to avoid them altogether if you are concerned about your health. Moderation is the key. Picture: THINKSTOCK
4 day(s) ago

Lower margin business greatly outpaces lager volume growth of 1%, writes Nick Hedley

Telecoms & Technology

Telkom bid to end reform stalemate

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
4 day(s) ago

Company hopes for union deal on job cuts as it hires one of SA’s top labour mediators to resolve the impasse

Telecoms & Technology

Vodacom takes hit from rate changes

Vodacom branding on the Ponte Building in Hilbrow, Johannesburg, in 2011. Picture: GALLO IMAGES/FOTO24/FELIX DLANGAMANDLA
5 day(s) ago

Mobile operator Vodacom says ‘dramatic decrease’ in mobile termination rates affected revenue, but customer base grew during period under review

Telecoms & Technology

Growth outside SA boosts Vodacom

Vodacom CEO Shameel Joosub. Picture: FREDDY MAVUNDA
4 day(s) ago

Mobile money service M-Pesa and data help offset lower mobile termination rates

Mining

Lonmin lowers sales guidance due to strike

A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERS
1 day(s) ago

Platinum producer says existing banking facilities enough to cover costs of five-month strike, will require increased working capital during ram-up

Europe

Kingfisher clueless on what caused trading slowdown

Picture: THINKSTOCK
4 day(s) ago

Kingfisher not sure why it suffered a sharp slowdown in trading last month, particularly in France and Poland

Middle East

Saudi Arabia to welcome foreign money to bourse

6 day(s) ago

Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year

Europe

Royal Mail cuts revenue forecast

A Royal Mail postbox in Manchester, northern England. Picture: REUTERS
6 day(s) ago

Britain’s Royal Mail says growing competition cut its revenue expectations from parcel deliveries, leaving it reliant on tight cost control and its traditional letters business

Asia-Pacific

China’s Xiaomi plans to challenge Samsung and Apple

Picture: THINKSTOCK
6 day(s) ago

In just four years, Xiaomi Corporation has evolved from startup to outselling Apple in China by offering inexpensive devices packed with high-end features

Markets

Investors seek metals on gains in demand

Picture: THINKSTOCK
6 day(s) ago

But analysts predict 2014’s rallies will end, write Agnieszka Troszkiewicz and Luzi Ann Javier

Americas

DuPont forecasts rise in profit

6 day(s) ago

US chemicals producer forecasts higher third-quarter profit across most of its business units

Americas

Herbalife rises as accusations fail to impress

Traders work at a post that trades Herbalife stock on the floor of the New York Stock Exchange in January 2013. Picture: REUTERS
6 day(s) ago

Herbalife shares rebound as much as 14%, as hedge-fund manager Bill Ackman struggles to convince investors the seller of weight-loss shakes is guilty of fraud

Americas

Lockheed Martin’s aircraft division sees its stock soaring

6 day(s) ago

US government contractor tops analysts’ estimates for second-quarter profit and sales on the strength of its aircraft division

Industrials

Oil and gas groups turn to equity raising

Picture: FINANCIAL MAIL
5 day(s) ago

Companies believe equity raising will be easier this year than in the past two years as Africa attracts more investor interest

Financial Services

Life offices feel effect of weaker economy

Picture: THINKSTOCK
5 day(s) ago

Life insurers experiencing a fall in premium growth in the second quarter of the year, professional services firm EY says

Opinion

COMPANY COMMENT: Oil price; retail groups

Picture: THINKSTOCK

SA more vulnerable to oil price volatility, while South African retail groups seem to have a hunger for global growth and scale

Opinion

THE LAST WORD: He who pays the expert calls the tune

There’s nothing like a company crash to reveal just how empty words like ‘independent’ and ‘expert’ can actually be

Business

FSB to end firms’ unlicensed share trading

23 hour(s) ago

Rules require guarantees and expensive infrastructure, writes Sikonathi Mantshantsha

Business Times

Why Tsogo loan isn't easy money after all

Tsogo Sun CEO Marcel von Aulock.   Picture: TSOGO SUN
1 day(s) ago

It turns out it is not quite the payout for the privileged we've been told about, writes Ann Crotty

Mining

Anglo-BHP ‘talks’ may signal sell-off

Anglo American CEO Mark Cutifani. Picture: ROBERT RUSSELL
4 day(s) ago

Reports of talks about firms selling their jointly owned manganese assets in SA and Australia could herald the start of a series of asset sales by Anglo

Europe

Nokia returns to profit on restructure

Picture: REUTERS
4 day(s) ago

Nokia jumps back into profit, boosted by a restructuring after it lost its leading position in handsets and sold its phone division to Microsoft

Energy

Eskom not the main culprit in electricity outages

Picture: THINKSTOCK
4 day(s) ago

Power outages are still likely as municipalities fail to upgrade infrastructure, writes Charlotte Mathews

Mining

Anglo-BHP ‘talks’ may signal sell-off

Anglo American CEO Mark Cutifani. Picture: ROBERT RUSSELL
4 day(s) ago

Reports of talks about firms selling their jointly owned manganese assets in SA and Australia could herald the start of a series of asset sales by Anglo

Companies

Adcorp bids to buy temp firm Kelly Group

Adcorp's chief financial officer Anthony Sher.  Picture: FINANCIAL MAIL
4 day(s) ago

Adcorp makes formal offer to buy the 71% of human resources provider Kelly Group it does not own

Opinion

COMPANY COMMENT: Invicta Holdings; Murray & Roberts

Picture: MICHAEL ETTERSHANK

Invicta’s investment sights set overseas, while M&R Cementation wins ‘first major award’ of R2.6bn in the De Beers Venetia underground diamond mine project

Opinion

COMPANY COMMENT: Metair; Poynting

Battery connection jolts Metair shares, while Poynting clinches Radio Network Solutions acquisition

Financial Services

Alex Forbes gives shares to staff

Alexander Forbes CEO Edward Kieswetter. Picture: FINANCIAL MAIL
4 day(s) ago

Alexander Forbes allocates free shares to every full-time employee on condition that they will be with the company for the next three years

Europe

Credit Suisse set to exit commodities

Credit Suisse Group CEO Brady Dougan. Picture: BLOOMBERG
6 day(s) ago

Credit Suisse will exit commodities trading and cut expenses at its foreign exchange and rates businesses, as a $2.6bn fine to settle a US tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008

Retail & Consumer

Strong African demand boosts SABMiller

Picture: SOWETAN
5 day(s) ago

Brewer says growth in Africa, Europe balanced by slower momentum in North America, reduction in net producer revenue in Australia in difficult trading conditions

Americas

Microsoft to focus on ending Nokia’s losses

Picture: MARTIN RHODES
5 day(s) ago

Software company announces intention to get loss-making phone unit to break-even within two years, stock rises in after-hours trade

Telecoms & Technology

Weak demand drags Ellies’ earnings down

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

Manufacturing group attributes decline to weak demand in its consumer and services unit, and margin pressure

Industrials

Murray & Roberts rises on winning of contract for De Beers’ Venetia mine

Murray & Roberts CEO Henry Laas. Picture: FINANCIAL MAIL
6 day(s) ago

Underground diamond mine project in Limpopo is set to see overall investment of about R20bn over seven years

Mining

Amplats unveils details of mine sales

Chris Griffith. Picture: MARTIN RHODES
7 day(s) ago

Number of suitors show interest, while Amplats gives no time-line for sale and names no potential buyers for the assets

Mining

Amplats debt position worsened

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES
6 day(s) ago

‘Very weak’ interim results irrelevant after five-month work stoppage, analyst says

Mining

Kumba bears brunt of fall in iron ore prices

Kumba Iron Ore CEO Norman Mbazima at media round table on the group's results in Illovo, Johannesburg, on Tuesday. Picture: MARTIN RHODES
7 day(s) ago

Kumba Iron Ore says strong supply of iron ore, particularly from Australia, put pressure on prices, but company pays strong dividend

Industrials

WBHO is another SA firm drawing US investors

Picture: SOWETAN
6 day(s) ago

Construction group launches its sponsored American depositary receipt programme on the over-the-counter market in the US through the Bank of New York Mellon

Retail & Consumer

New stores help grow Cashbuild’s revenue

A Cashbuild outlet in Rustenburg, North West. Picture: MARTIN RHODES
6 day(s) ago

Cashbuild says revenue is up 6% for the fourth quarter of its 2014 financial year

Business Times

Banks in firing line over R699

Picture: THINKSTOCK
8 day(s) ago

Hundreds of motorists granted urgent Tuesday court hearing

Mining

Kumba bears brunt of fall in iron ore prices

Kumba Iron Ore CEO Norman Mbazima at media round table on the group's results in Illovo, Johannesburg, on Tuesday. Picture: MARTIN RHODES
7 day(s) ago

Kumba Iron Ore says strong supply of iron ore, particularly from Australia, put pressure on prices, but company pays strong dividend

Financial Services

SizweNtsalubaGobodo plans to expand in Africa

Nonkululeko Gobodo. Picture: FINANCIAL MAIL
7 day(s) ago

Local audit and accounting firm SNG will expand its operations into 14 African countries by spring

Retail & Consumer

Kellogg’s maintenance hits breakfast tables

Picture: BLOOMBERG
7 day(s) ago

Fewer South Africans got it all this morning as maintenance work at Kellogg’s halted production of All-Bran Flakes — and it is unlikely to resume soon

 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6796.010.12% up
Dow Jones 16982.590.00% same
All Share 52235.230.59% up
ASX 5580.600.19% up
S&P 500 1978.9100.00% same
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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