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Anglo American CEO Mark Cutifani. Picture: MARTIN RHODES

Anglo to refocus on assets that offer best value

1 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

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

Telecoms & Technology

Growth outside SA boosts Vodacom

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

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

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
2 day(s) ago

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

Financial Services

Alex Forbes gives shares to staff

Alexander Forbes CEO Edward Kieswetter. Picture: FINANCIAL MAIL
1 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

Companies

Adcorp bids to buy temp firm Kelly Group

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

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

Mining

Anglo-BHP ‘talks’ may signal sell-off

Anglo American CEO Mark Cutifani. Picture: ROBERT RUSSELL
1 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

Energy

Eskom not the main culprit in electricity outages

Picture: THINKSTOCK
1 day(s) ago

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

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

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
1 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
1 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

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

UK agency charges Alstom with corruption

Picture: AFP
1 day(s) ago

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

Europe

Nokia returns to profit on restructure

Picture: REUTERS
1 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

Mining

Anglo-BHP ‘talks’ may signal sell-off

Anglo American CEO Mark Cutifani. Picture: ROBERT RUSSELL
1 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

Media magnate Rupert Murdoch.  Picture: REUTERS

Murdoch the deal maker overshadows the innovator

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

Europe

Kingfisher clueless on what caused trading slowdown

Picture: THINKSTOCK
1 day(s) ago

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

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

Middle East

Saudi Arabia to welcome foreign money to bourse

3 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
3 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
3 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
3 day(s) ago

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

Americas

DuPont forecasts rise in profit

3 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
3 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

3 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
2 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
2 day(s) ago

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

Mining

Zimplats praised as it shifts mining crews from danger

Impala Platinum CEO Terence Goodlace. Picture: MARTIN RHODES
2 day(s) ago

Company diverts mining crews and their equipment from a collapsed section of its Bimha mine in Zimbabwe, in a bid to keep production losses to a minimum

Mining

Long-term focus on what is lucrative

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

Dwindling production and prices for BHP Billiton’s thermal coal, aluminium and manganese operations underscored focus on more lucrative commodities

Mining

Kumba’s premium on lumpy iron ore drops

RAMPING UP PRODUCTION: Kumba Iron Ore CEO Norman Mbazima addresses the media at the group’s results  presentation in Illovo on Tuesday. Picture: MARTIN RHODES
3 day(s) ago

Weaker rand keeps revenue flat as ore prices fall 19%

Companies

Moody’s downgrades Vodafone to Baa1

ASPIRATIONS: With potential buyers likely tied up with other deals, Vodafone will be on its own into building up out its internet infrastructure and restoring revenue growth.  Picture: BLOOMBERG
2 day(s) ago

Downgrade reflects the company’s weak operating performance and the expectation of lower cash-flow generation, particularly in Germany and Italy

Mining

Billiton boosts iron-ore output 20% for year to June

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

World’s biggest mining company gained 19% in the June quarter from the same period last year, beating analysts’ expectations

Transport & Tourism

SA train deal helps to double Alstom’s order book

Picture: AFP
2 day(s) ago

Jump in orders is due to a contract with the Passenger Rail Agency of SA worth R51bn, as well as orders in the firm’s renewable power and grid divisions

Markets

Investors seek metals on gains in demand

Picture: THINKSTOCK
3 day(s) ago

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

Financial Services

Banks ‘are focusing on traditional business’

Picture: THINKSTOCK
3 day(s) ago

As banks build capital buffers in response to regulatory pressure, they are ditching riskier businesses and focusing on traditional banking

Europe

Number of US shares in dark pool falls further

Picture: BLOOMBERG/CHRIS RATCLIFFE
4 day(s) ago

Barclays sees the number of US shares traded in its dark pool decline for a second week after being sued by New York for allegedly lying to customers

World

NEWS ANALYSIS: Brics banks unlikely to unseat IMF, World Bank

Picture: REUTERS
5 day(s) ago

By creating their own multilateral financial institutions, the Brics emerging-market powers are shaking up global economic governance

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

Europe

Credit Suisse set to exit commodities

Credit Suisse Group CEO Brady Dougan. Picture: BLOOMBERG
3 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

Americas

Microsoft to focus on ending Nokia’s losses

Picture: MARTIN RHODES
3 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

Retail & Consumer

Strong African demand boosts SABMiller

Picture: SOWETAN
2 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

Mining

Amplats debt position worsened

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

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

Mining

Amplats unveils details of mine sales

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

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

Industrials

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

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

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

Telecoms & Technology

Weak demand drags Ellies’ earnings down

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

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

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

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
4 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
3 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
4 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
6 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
4 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
4 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
4 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

Mining

Amplats to sell mines and exit joint ventures

Amplats chief executive Chris Griffith. Picture: MARTIN RHODES
5 day(s) ago

Anglo American Platinum says it will exit Union, Rustenburg mines, Pandora join venture operation as result of capital-constrained environment

Retail & Consumer

Clover-Bowler deal ‘would make sense’

GREEN PASTURES:  Clover CEO Johann Vorster presenting results at the  Crown Plaza Hotel in Rosebank on Tuesday. Picture: ARNOLD PRONTO
4 day(s) ago

Both companies have issued cautionary announcements of negotiations — though neither has revealed with whom

Companies

Ansie Ramalho appointed project leader on update of King reports

Ansie Ramalho, CEO of the Institute of Directors in Southern Africa. Picture: FINANCIAL MAIL
8 day(s) ago

Institute of Directors in Southern Africa says roles of CEO, project manager of King 3 update have been split, Angela Oosthuizen is new CEO

Mining

Amplats output drops 39% on strike action

Amplats chief executive Chris Griffith. Picture: MARTIN RHODES
8 day(s) ago

Platinum output plummets to 715,000oz in the first half of the year to the end of last month compared with 1.17-million ounces a year earlier

Media & Advertising

No cash-flow crisis, says Mail & Guardian CE

Hoosain Karjieker.   Picture: SOWETAN
8 day(s) ago

The Star reports that the M&G is facing a cash crunch so severe that suppliers, contributors and some staff have not been paid for months

Mining

Amplats output drops 39% on strike action

Amplats chief executive Chris Griffith. Picture: MARTIN RHODES
8 day(s) ago

Platinum output plummets to 715,000oz in the first half of the year to the end of last month compared with 1.17-million ounces a year earlier

Mining

Kumba’s Kolomela mine offsets Sishen difficulties

8 day(s) ago

Kumba reports sales for the first half up 2% to 22.5-million tonnes

Business Times

Wonga under NCR's whip

6 day(s) ago

Online micro-lender SA has a month to shape up or face the music

 
All Share 51550.160.00% same
Top 40 46384.910.00% same
Financial 15 14633.290.00% same
Industrial 25 58750.010.00% same
Resource 10 60439.130.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6791.550.00% same
Dow Jones 16960.570.00% same
All Share 51550.160.00% same
ASX 5574.200.00% same
S&P 500 1978.3400.00% 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
 
Gold 1308.30000.04% up
Platinum 1479.50000.31% up
Silver 20.72500.12% up
Palladium 880.00000.57% up
Brent Crude Oil 108.3900.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51550.16
    Change: 0.00%
    Top 40 : 46384.91
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    Financial 15 : 14633.29
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    Industrial 25 : 58750.01
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    All data is delayed by 15 min
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  • FTSE 100 : 6791.55
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    Dow Jones : 16960.57
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    All data is delayed by 15 min
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  • ZAR/USD : 10.5125
    Change: 0.04%
    ZAR/GBP : 17.8475
    Change: 0.14%
    ZAR/EUR : 14.1193
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    ZAR/JPY : 0.1033
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    ZAR/AUD : 9.8879
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    All data is delayed by 15 min
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  • Gold : 1308.3000
    Change: 0.04%
    Platinum : 1479.5000
    Change: 0.31%
    Silver : 20.7250
    Change: 0.12%
    Palladium : 880.0000
    Change: 0.57%
    Brent Crude Oil : 108.390
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
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