• Friday, August 28 2015
  • JSE Sens
Picture: REUTERS

Volkswagen to invest R4.5bn in new models, Uitenhage factory

14 hour(s) ago

Group says it will invest more than R4.5bn by 2017 for new models, infrastructure at Uitenhage vehicles factory to help VW continue to dominate SA passenger car market

Financial Services

African Bank’s ‘good bank’ gets approval for financial services licence

Picture: MICHAEL ETTERSHANK
14 hour(s) ago

Curator says ‘good bank’ received Reserve Bank authorisation to be established and Financial Services Board approval for financial services provider licence

Retail & Consumer

Woolworths reaps benefits of David Jones takeover

Picture: FINANCIAL MAIL
18 hour(s) ago

Company says acquisition of iconic Australian chain has transformed it into retailer with significant scale across sub-Saharan Africa, Australasia

Mining

Lonmin expects cash costs to stay below guidance

16 hour(s) ago

Platinum producer says it expects underlying cash costs to remain below its guidance, indicating that its deep cost-cutting measures are beginning to bear fruit

Retail & Consumer

Weak sub-Saharan markets hurt Massmart’s earnings

Makro store in Midrand, Johannesburg. Picture: SOWETAN/ANTONIO MUCHAVE
19 hour(s) ago

Retailer paints bleak picture of local economy, says it expects trading conditions to remain constrained going into second half of its financial year

Industrials

Ferrochrome maker in business rescue, blames labour and outages

Picture: THINKSTOCK
22 hour(s) ago

International Ferro Metals points finger at ‘militant union activity’ and state-ordered safety stoppages of its furnaces

Property

Tower lifts annual dividend 16% as revenue improves

Picture: THINKSTOCK
21 hour(s) ago

Impressive results follow aggressive growth that has seen fund’s property assets more than double on Croatia expansion

Opinion

COMPANY COMMENT: AngloGold; Telkom

Picture: THINKSTOCK

AngloGold CEO believes cutting interest payments is one of the ways the company will return to paying dividends it is, while it’s back to the drawing board for Telkom

Picture: THINKSTOCK

What CEOs need to know about managing millennials

DHL Express sub-Saharan Africa MD says company aims to move leadership teams towards 21st century leadership styles

Retail & Consumer

Italtile lifts full-year trading profit

Picture: THINKSTOCK
18 hour(s) ago

Building materials retailer attributes performance to better execution of basic retail principles, best practice in store, improvements in back-end functions

Industrials

Earnings down at Murray & Roberts

Henry Laas. Picture: ARNOLD PRONTO
21 hour(s) ago

Big falls in revenue and attributable earnings at construction and engineering company mainly due to subdued markets

Property

Acquisitions not a top priority for Growthpoint

Norbert Sasse, Growthpoint CEO, addresses the media on the group’s results on Wednesday. He says there is very little the firm can buy in SA at the right price. Picture: MARTIN RHODES
21 hour(s) ago

Growthpoint needs to bed down its acquisitions and consolidate in current challenging conditions, says CEO Norbert Sasse

Odgers Berndtson

Leading with passion is the only way to lead

Virgin Active SA managing director Ross Faragher-Thomas. Picture: SUPPLIED
11 hour(s) ago

Passion and energy have become critical and complementary attributes for today’s business leaders, says MD of Virgin Active SA Ross Faragher-Thomas

Featured Partner

Opinion

COMPANY COMMENT: Imperial; Super Group

Picture: MICHAEL ETTERSHANK

Imperial looks strong despite weak rand while African Logistics may be an impediment to Super Group’s growth


International companies


Asia-Pacific

Production cuts may do little to lift gold price

Vehicles and machinery operate in the open pit mine at Norton Gold Fields’ operations in Australia. If history is any guide, global gold producers’ cutbacks will have little effect on the market.  Picture: BLOOMBERG/CARLA GOTTGENS
1 day(s) ago

When mines last pared operations, bullion still slid as much as 29%, writes Thomas Biesheuvel

Europe

Zurich bid buoys RSA Insurance shares

Zurich Financial Services CEO Martin Senn addresses a World Economic Forum in Davos, Switzerland. Picture: BLOOMBERG/CHRIS RATCLIFF
1 day(s) ago

Zurich Insurance Group's conditional £5.6bn offer for British firm offers gateway to UK and Latin America

Europe

Tesco weighs bids for Korean unit

Tesco. Picture: REUTERS/TOBY MELVILLE
1 day(s) ago

British retailer under pressure to push through sale of its South Korean unit as it battles to recover from accounting scandal and market share losses in UK

Coca-Cola.  Picture: REUTERS/JACKY NAEGELEN

Coca-Cola set to meet goal for water replenishment

Coca-Cola uses mix of systems to restore water it uses such as waste treatment and reforestation projects

Asia-Pacific

Luxury cars park in new markets

Two Wraith cars, centre, at the end of the production line at the Rolls-Royce plant in Goodwood, UK. Luxury car makers are increasingly targeting emerging markets such as Kazakhstan. File picture: BLOOMBERG/CHRIS RATCLIFFE
1 day(s) ago

Demand for upmarket vehicles in frontier markets — such as Kazakhstan and Azerbaijan — is forecast to grow

Picture: THINKSTOCK

Zurich SA into black on broker action

South African unit of Zurich Insurance narrows its underwriting deficit to R108m

Healthcare

Adcock Ingram to dispose of loss-making Indian business

Workers in action at Adcock Ingram’s warehouse in Midrand, Gauteng. picture: SUNDAY TIMES/ SIMPHIWE NKWALI
1 day(s) ago

Drug maker says it will sell Cosme Farma, has failed to make significant inroad into Indian pharmaceutical market

Mining

Assore pays final dividend despite tough year

Assore chairman Desmond Sacco. Picture: SUNDAY TIMES
1 day(s) ago

Mining holding company says lower prices for iron, manganese ores, increased costs in electricity, labour affected financial results

Telecoms & Technology

Buyers ringing up Cell C, says 75% owner

Picture: THINKSTOCK
1 day(s) ago

Dubai-based Oger Telecom takes its time over offers for its Cell C stake from six SA and international companies

Telecoms & Technology

MTN shares take biggest hit on JSE as naira wanes

A vendor holds cellphones and airtime cards at a stall operated by MTN in Kigali, Rwanda. The industry is growing in leaps and bounds across the continent. File picture: BLOOMBERG
2 day(s) ago

Lack of hard currency in Nigeria hurts MTN's ability to arrange early repayment of about $500m of debt held there

Healthcare

Adcock swings back into profitability

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
1 day(s) ago

Drug maker reinstates dividend payment, says board remains optimistic, but view is tempered by recent material devaluation of rand

Property

Growthpoint says ‘solid’ domestic portfolio boosts distribution growth

Growthpoint Properties' headquarters in Sandton. Picture: FINANCIAL MAIL
1 day(s) ago

Growthpoint reports 7.5% rise in full-year distribution per share to 173.4c, which is at top end of forecast, thanks to solid performance from domestic portfolio

Financial Services

Circum seeks partner for Ethiopia potash project

Picture: REUTERS
1 day(s) ago

Circum Minerals is on cusp of raising $2.6bn towards a potash project in Ethiopia, promising a mine that delivers some of the lowest-cost fertiliser ingredients in the world

Mining

Chilean mines sold as Anglo cuts back

A worker walks past a board outside Anglo American offices in Johannesburg. Picture:  REUTERS/SIPHIWE SIBEKO
2 day(s) ago

Disposals will cut payroll by 54,000 jobs and raise at least $3bn to cut debt

Mining

AngloGold uses sale to cut debt costs

Picture: THINKSTOCK
2 day(s) ago

Proceeds from US gold mine sale earmarked for offer to holders of AngloGold's most expensive debt

Financial Services

Scheme to help poor comes a cropper

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

Standard Bank fails to support Access Point product designed to meet its Financial Sector Code obligations to the poor, writes Stephen Timm

Innovation

Finland helps retrenched Nokia employees discover there is life after layoff

A Nokia official displays a new $99 phone in its mid-range Asha line at a launch in New Delhi on Thursday. Picture: REUTERS
2 day(s) ago

State grants, entrepreneurship programmes and other training provide workers’ with relatively soft landing that has fueled booming start-up sector, writes Mark Scott

Innovation

Google eyes a medical coup

Shunned by consumers on its launch, Google Glass is turning out to be a boon for the medical profession. Picture: REUTERS
2 day(s) ago

Google Glass that so famously flopped with consumers looks to medical profession for business, writes Olga Kharif

Industrials

Acquisitions lift Imperial’s profits

Picture: THINKSTOCK
2 day(s) ago

Company says despite signs of recovery in second half, global economic growth expectations have declined amid slowdown in China, dollar strength

Industrials

UK dealerships drive up Super Group sales

Picture: THINKSTOCK
2 day(s) ago

Super Group achieves growth despite significant drop in new car sales in domestic market

World

Buffett leads fall of world’s richest

Warren Buffett. Picture: BLOOMBERG/JEFF KOWALSKY
3 day(s) ago

World’s 400 richest people lose $182bn in a week in market rout with Berkshire Hathaway’s Warren Buffett worst hit

Property

Rockcastle grows Polish portfolio

Rockcastle CEO Spiros Noussis. Picture: SUPPLIED BY ROCKCASTLE
2 day(s) ago

Company’s plans to grow in eastern European gain momentum with three further investments in Poland

Health

Ordinary Skincare balsam cuts mustard globally

Claire Jamieson, co-founder of Ordinary Skincare, the second local cosmetics brand to trade on Amazon.co.uk. Picture: SUPPLIED
3 day(s) ago

In major boost Amazon.co.uk offers firm a huge trading platform, writes Graham Wood

Opinion

ON THE MONEY: Racism in banking remains an issue

Transformation in the industry is in a worse position than it was 10 years ago

Opinion

Four simple rules could solve BEE conundrum

Picture: THINKSTOCK

Focus on transparent, unencumbered, broad-based black economic empowerment that benefits recipients from day one

Asia-Pacific

Vedanta moots closing aluminium refinery

A  Vedanta Resources logo outside its headquarters in Mumbai, India. Picture: BLOOMBERG/ADEEL HALIM
21 hour(s) ago

Prices of the metal — which is used in beverage cans, aircraft and motor vehicles — tumbled 26% in the past year

Telecoms & Technology

Telkom moots acquisition to expand its mobile business

Jabu Mabuza. Picture: MARTIN RHODES
21 hour(s) ago

Mobile business acquisition such as Cell C to provide much needed scale after Competition Commission scuttles infrastructure-sharing deal with MTN

Financial Services

Santam dividend up 10% despite higher claims

Picture: THINKSTOCK
21 hour(s) ago

Drought stings Santam’s crop insurance division while direct insurer MiWay outperforms group

Property

Rebosis eyes expansion after acquiring Ascension stake

Sisa Ngebulana. Picture: FINANCIAL MAIL
1 day(s) ago

Rebosis Property Fund secures Ascension Properties as subsidary, enabling it to expand office portfolio and roll out aggressive acquisition strategy

Mining

De Beers to reinvest in marketing

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG
1 day(s) ago

World’s largest diamond producer to target US and China — two biggest gem markets — at year-end holiday season

Opinion

EDITORIAL: A long regulatory road

MTN. Picture: BLOOMBERG/NADINE HUTTON

We need to watch that SA’s increasingly drawn-out regulatory processes don’t become a deterrent to doing deals

Opinion

COMPANY COMMENT: Metair; Fortress Income Fund

Metair CEO Theo Loock.  Picture: ROBERT BOTHA

Metair’s bright future dispels interim cloud while Fortress Income Fund wants the whole of Capital

Property

Hospitality sheds more light on units

Picture: THINKSTOCK
1 day(s) ago

New swap ratio plan of one A share for every 3.5 B shares aimed at addressing unit holders’ discontent

Property

Tower Property Fund expands portfolio with first offshore acquisition

Picture: THINKSTOCK
1 day(s) ago

Diversified property fund reports 42% increase in distributable earnings for year to May 2015 as its portfolio grows strongly, fund makes first offshore acquisition

Industrials

Imperial stays in the hunt for new deals

Mark Lamberti. Picture: MARTIN RHODES
1 day(s) ago

Group concerned about business volumes going into the next financial year

Mining

China slowdown hits Billiton hard

BHP Billiton CEO Andrew Mackenzie.  Picture: REUTERS
1 day(s) ago

BHP Billiton releases worst annual operating performance in a decade amid falling commodities prices

Industrials

Iliad revenue falls but footing stable

Iliad CEO Eugene Beneke.  Picture: FINANCIAL MAIL
1 day(s) ago

Iliad Africa expects marginal revenue growth for the rest of the year as a subdued building materials industry continues to prove challenging, this following a 1% revenue decline in the six months ended June

Retail & Consumer

HomeChoice tightens up on credit

Shirley Maltz, CEO of HomeChoice Holdings. Picture: HETTY ZANTMAN
2 day(s) ago

Company boosts cash-collection ability with in-house call centre as it tightens credit requirements

Asia-Pacific

BHP reports worst underlying profit in a decade

BHP Billiton. Picture: BLOOMBERG
2 day(s) ago

Miner says it will cut spending more deeply to shore up dividends after plunging iron ore, copper, coal, oil prices take large bite out of profits

Americas

Money floods into online news ventures

BuzzFeed’s $200m capital injection from NBCUniversal is the latest sign of confidence in the ability of digital media to connect with readers. File picture: AFP PHOTO/NICHOLAS KAMM
2 day(s) ago

Rising earning power of digital-focused millennials sparks race for their attention as investors anticipate new ways to generate revenue from news

Asia-Pacific

Fortescue profits slashed by glut

Andrew Forrest. Picture: BLOOMBERG/JASON ALDEN
2 day(s) ago

Full-year profit tumbles greater-than-expected 88% amid iron-ore price drubbing

Property

Accelerate buys Old Mutual stake in Portside building

Picture: THINKSTOCK
2 day(s) ago

Property fund rolls out aggressive growth plan that has included some significant office acquisitions

Mining

South32 in talks with Eskom on Khutala

Graham Kerr. Picture: PUXLEY MAKGATHO
2 day(s) ago

Talks focus on capital investment needs to extend life of Khutala, which supplies Kendal power station

Companies

Advtech posts strong results

Frank Thompson. Picture: FINANCIAL MAIL
2 day(s) ago

Private education group looks to new finance strategy to underpin renewed growth prospects

Industrials

ARB expects more headwinds for electrical division

Picture: THINKSTOCK
3 day(s) ago

ARB’s lighting division improves profit in the period but must overcome major funding and load-shedding hurdles

Americas

Metal prices force junior miners to shift gears

People talk over jars of marijuana at the California Heritage Market in Los Angeles. Some miners are buying into the Canadian medical marijuana industry to restore value to shareholders. Picture: REUTERS/DAVID MCNEW
2 day(s) ago

Firms move away from exploration to new ventures, write Euan Rocha, Nicole Mordant and Jim Regan

JSE Sens

Standard Bank

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