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Christo Wiese. Picture: TREVOR SAMSON

STOCKWATCH: Steinhoff enters record territory on Pepkor acquisition

14 hour(s) ago

Steinhoff International touches levels last seen in early July as shareholders cheer company’s latest move to buy Africa’s largest retail chain, Pepkor Holdings

Media & Advertising

Naspers to expand e-commerce platforms on Schibsted deal

Picture: SHELLEY CHRISTIANS
16 hour(s) ago

Internet and media group will further expand e-commerce platforms in Latin America, Southeast Asia after reaching agreement with Oslo-based Schibsted

Retail & Consumer

Court bans in-store Woolworths protests

A Woolworths Food store with restaurant
11 hour(s) ago

Pro-Palestine boycott group welcomes order to meet retailer’s representatives by December 10

Energy

Ageing infrastructure, emergency measures hit Eskom’s profit, says CEO

Eskom's Medupi station. Picture: ARNOLD PRONTO
16 hour(s) ago

Ageing infrastructure, disproportionately expensive emergency electricity generation methods take toll on power utility, which sees net profit drop 24% to R9.3bn

Retail & Consumer

Rhodes Food Group ‘proves resilient in constrained environment’

Picture: THINKSTOCK
17 hour(s) ago

Rhodes benefits from strong trading for year to end September 28 in regional, international businesses, with offshore sales helping to stem effects of weak rand

Healthcare

Netcare to spend R2bn on expansion

Dr Richard Friedland, CEO of Netcare. Picture: FINANCIAL MAIL
23 hour(s) ago

Netcare to spend R2bn to expand facilities during its 2015 financial year in expectation of strong demand for hospital services, says CEO

Retail & Consumer

Steinhoff to buy retail chain Pepkor for R62.8bn

Shoprite chairman Christo Wiese
18 hour(s) ago

Steinhoff will buy 92.3% of Pepkor from investment vehicles controlled by retail billionaire Christo Wiese and from Brait

Retail & Consumer

Shoppers trust big brands in hard times

A Woolworths Food store with restaurant
23 hour(s) ago

While they may purchase them, a majority of South African consumers say they are not loyal to store brands, study shows

Retail & Consumer

Quantum turnaround ‘not yet convincing’

Picture: THINKSTOCK
22 hour(s) ago

Revenue in SA remains unchanged, with growth coming from small but growing operations in Zambia and Uganda

Financial Services

Mercantile Bank aims to lure entrepreneurs

Banking customers. Picture: THINKSTOCK
22 hour(s) ago

Mercantile Bank launches private clients offering aimed solely at entrepreneurs

Industrials

Defy launches R120m fridge production line in East London

Defy employees work on the factory line in Wilsonia in this September 2011 file photo: Picture: SOWETAN
1 day(s) ago

Company has invested R500m in expanding factories in SA over last three years

A Woolworths Food store with restaurant

Shoppers trust big brands in hard times

While they may purchase them, a majority of South African consumers say they are not loyal to store brands, study shows

Property

Nepi shifts aim to Slovakia and Serbia targets

Picture: THINKSTOCK
22 hour(s) ago

New Europe Property Investments announces R1.4bn book build to partly pay for Promenada Mall in Bucharest and to finance acquisitions in Slovakia and Serbia

National

Kumba sets bar high in building of ‘new Dingleton’ as mine expands

An aerial view of the host site of the relocation and the town of Kathu. Some of the 3,131 Dingleton residents have already been moved and the resettlement project will be concluded in 2017.
23 hour(s) ago

Kumba Iron Ore has spent twice as much money on relocating one community as the amount the government has ring-fenced for the improvement of distressed mining towns around the country

Property

Acsion banks on small investors with listing

Picture: THINKSTOCK
1 day(s) ago

The listing is expected to be accompanied by the initial raising of R200m

Energy

Industry ‘must cut 10% of power usage’

Majuba power station. Picture: ESKOM
2 day(s) ago

Eskom declares power emergency for industrial customers, requiring them to immediately reduce usage

Industrials

Sasol changes move through the ranks

Sasol CE David Constable. Picture: MARTIN RHODES
1 day(s) ago

The full effect on jobs will be known only once the restructuring is complete in June

Retail & Consumer

SABMiller to export to Canada and enter Brazil again

Picture: THE TIMES
1 day(s) ago

Brewer has plans to re-enter Brazilian market while also distributing own beers in Canada, adding two new markets to group’s Latin American unit

Opinion

COMPANY COMMENT: SABMiller; property developers

Picture: THINKSTOCK

SABMiller’s strategy requires country-specific approaches, while offshore property players may be the better investment for South Africans looking for exposure to listed property next year


International companies


Europe

French oil giant Total to face trial on Iran corruption charges

Christophe de Margerie.   Picture: CHRIS RATCLIFFE/BLOOMBERG
15 hour(s) ago

Total ordered to face trial over charges it bribed officials in Iran to acquire oil and gas concession, says judicial source

Americas

Rosier outlook for retail during festive season

Picture: REUTERS
23 hour(s) ago

Cheaper oil and confident consumers will boost chain stores, writes Joseph Ciolli

Asia-Pacific

Samsung likely to focus on change in leaders

Lee Kun Hee, chairman of Samsung Electronics, left, and Lee Jae Yong, vice-president of Samsung Group. Picture: BLOOMBERG FILE PHOTO
22 hour(s) ago

Group’s first management restructure since family patriarch’s heart attack set to focus on the executives leading the world’s biggest smartphone business

Picture: SHELLEY CHRISTIANS

Naspers to expand e-commerce platforms on Schibsted deal

Internet and media group will further expand e-commerce platforms in Latin America, Southeast Asia after reaching agreement with Oslo-based Schibsted

Europe

Pressing a Google breakup

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
21 hour(s) ago

Some European legislators, backed by members German government, are preparing draft resolution calling for breakup of Google

Netcare. Picture: FINANCIAL MAIL

Netcare climbs to record high on annual results

Shares of private hospital group power to record high after company increases annual profit, reveals expansion plans that signal future earnings growth will remain strong

Healthcare

Neil Diamond tickets among Bestmed ‘costs’

Medical aid fraud drives up the cost of your contributions by an estimated R2,500 a year. Picture: THINKSTOCK
2 day(s) ago

Bestmed accused the council of acting improperly to remove the trustees

Mining

Hulamin will hold 40% stake in aluminium casthouse in BEE deal

Picture: THINKSTOCK
1 day(s) ago

Hulamin will hold 40% of Isizinda Aluminium, a black economic empowerment vehicle, which is buying BHP Billiton’s Bayside aluminium casthouse in Richards Bay

Business Times

STOCK TALK: Bird flu boon for SA companies

Picture: THINKSTOCK
2 day(s) ago

The freeze on European Union imports is a gift for local poultry producers, writes Ann Crotty

Asia-Pacific

Biggest miner defends its plan to split the company

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

New entity — provisionally named NewCo — will be dual-listed in Sydney and London, with an additional listing in Johannesburg

Business Times

Suddenly it’s about sharing and caring

Sipho Maseko. Picture: FINANCIAL MAIL
2 day(s) ago

Telkom should not be the whipping boy of the telecoms industry, says CEO

Retail & Consumer

Consumer plight hits Woolworths

A Woolworths Food store with restaurant
4 day(s) ago

Retailer has been wooing its competitors’ grocery shoppers by offering broader ranges, branded goods and bulk buys

Financial Services

Investec double-digit profit growth ‘could improve’

Investec CEO Stephen Koseff addresses investors at a briefing in Sandton on Tuesday. Picture: MARTIN RHODES
4 day(s) ago

The group still has a large amount of legacy debt

Industrials

Nampak to dispose of ‘poor performers’

Andre de Ruyter. Picture: SUPPLIED BY NAMPAK
4 day(s) ago

Packaging group selling most of its corrugated, sacks and tissue divisions in SA to Ethos Private Equity

Asia-Pacific

Heap leaching technology test shows promise

A cyanide solution percolates through a pile of gold bearing ore during 'heap leaching' at Newmont Mining's operations in Nevada, the US. Picture: BLOOMBERG/STEPHEN HILGER
4 day(s) ago

If promising tests in Chile pan out the technology will be used at the Olympic Dam mine

World

Bargains in iron ore ripe for the picking

ASSET: A clump of iron ore from a mine. Picture: REUTERS
4 day(s) ago

Mines face production costs that are too high for the market

World

Uber under fire after series of missteps

Travis Kalanick. Picture: BLOOMBERG/BRENT LEWIN
4 day(s) ago

CEO Kalanick took to Twitter to distance firm from the strife

Europe

RBS’s penalty highlights banks’ need to upgrade

A pedestrian passes a Royal Bank of Scotland branch in the City of London. Picture: REUTERS
4 day(s) ago

Built on decades of consolidation, the banks are trying to simplify incremental technology upgrades

Asia-Pacific

Heap leaching technology test shows promise

A cyanide solution percolates through a pile of gold bearing ore during 'heap leaching' at Newmont Mining's operations in Nevada, the US. Picture: BLOOMBERG/STEPHEN HILGER
4 day(s) ago

If promising tests in Chile pan out the technology will be used at the Olympic Dam mine

Financial Services

Investec double-digit profit growth ‘could improve’

Investec CEO Stephen Koseff addresses investors at a briefing in Sandton on Tuesday. Picture: MARTIN RHODES
4 day(s) ago

The group still has a large amount of legacy debt

Financial Services

Bus division gives HCI earnings surprise lift

Picture: SUNDAY TIMES
4 day(s) ago

Golden Arrow Bus Services, acquired for R250m in 2004, more than doubles its contribution

Opinion

COMPANY COMMENT: PPC; Nashua Mobile

Bheki Sibiya. Picture:  RUSSELL ROBERTS

PPC’s antics show up in its numbers, Reunert will not be regretting its decision to close Nashua Mobile

Energy

Minister pushed for Kgadima at PetroSA

Tina Joemat-Pettersson. Picture: GCIS
2 day(s) ago

Documents contradict Energy Minister Tina Joemat-Pettersson denials that she recommended Tshepo Kgadima to serve as PetroSA chair

Mining

Tshipi is keen to buy Billiton’s Hotazel mine

Picture: THINKSTOCK
1 day(s) ago

Consolidation of these operations could make SA’s exports competitive

Mining

Gold Fields to pounce on stragglers

Gold Fields CEO Nick Holland. Picture: MARTIN RHODES
4 day(s) ago

Gold Fields is on the hunt for mines sold by companies feeling the pain of a low gold price, and CEO Nick Holland expects to make a purchase next year

Business Times

Government’s belt tightening hits Tsogo Sun

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

Tsogo Sun reports flat headline earnings a share for the interim period, spent nearly R7-billion on assets and refurbishments to bulk up for future growth

Business Times

Mr Chairman, meet Theo Botha

Shareholder activist Theo Botha. Picture: RUSSELL ROBERTS
2 day(s) ago

Sasol’s new chairman has had his first tense encounter with shareholder activist Theo Botha

Business Times

Pricey cloud of smoke over BAT

Picture: THINKSTOCK
2 day(s) ago

A fine by the UK government raises further concern about the global business practices of British American Tobacco

Industrials

Nampak to dispose of ‘poor performers’

Andre de Ruyter. Picture: SUPPLIED BY NAMPAK
4 day(s) ago

Packaging group selling most of its corrugated, sacks and tissue divisions in SA to Ethos Private Equity

Asia-Pacific

‘Massive expansions of iron ore are over,’ says BHP chief

Andrew Mackenzie. Picture: BLOOMBERG/IAN WALDIE
4 day(s) ago

In top metals consumer China, growth in its vast factory sector stalled in November

Opinion

COMPANY COMMENT: Cadiz; Pan African Resources

Picture: THINKSTOCK

Cadiz loses assets as turnaround recedes, while Pan African Resources has finally drawn a line beneath its foray into Mozambique

Opinion

Blow after blow for ArcelorMittal

Forcing a struggling behemoth to adopt pricing below import parity makes it vulnerable to imports

World

Twitter eases pain of sharing tweets through direct messages

A Twitter logo made from Californian vehicle licence plates is shown at the company's headquarters in San Francisco, California. Picture: REUTERS
4 day(s) ago

Company says users can now share tweets through direct messages, a feature aimed to make it easier to continue public conversations in private forum

Energy

PetroSA chair faces criminal charges

Tina Joemat-Pettersson. Picture: GCIS
6 day(s) ago

Former cabinet minister Zola Skweyiya is considering laying criminal charges against new PetroSA chairman Tshepo Kgadima after he failed to recover the R3m he gave to the latter

African Business

Tiger takes another hit on Nigerian adventure

Tiger Brands CEO Peter Matlare. Picture: MARTIN RHODES
6 day(s) ago

Close to R1bn of R1.5bn written off as Tiger CEO Peter Matlare admits the company should have been more circumspect in its approach

Transport & Tourism

Minister intervenes in SAA debacle to ensure ‘fair process’ to resolve matter

SAA. Picture: GALLO IMAGES/ALON SKUY
5 day(s) ago

Public Enterprises Minister Lynne Brown says she has intervened in impasse between chief executive of SAA Monwabisi Kalawe and board of SAA

Asia-Pacific

Biggest miner defends its plan to split the company

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

New entity — provisionally named NewCo — will be dual-listed in Sydney and London, with an additional listing in Johannesburg

Property

Redefine BDL’s sights set on portfolio of 100

Redefine Properties International CEO Mike Watters. Picture: FINANCIAL MAIL
5 day(s) ago

The only other listed hotel exposure option for South African investors is Hospitality Property Fund

Share search

Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.

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