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Top Companies 2014
PIC chief investment officer Daniel Matjila. Picture: TREVOR SAMSON

PIC targets top JSE firms in bid for growth

7 hour(s) ago

Public Investment Corporation in new strategic thrust to act as a catalyst for economic growth

Industrials

AECI aims to reduce reliance on weak SA

AECI CEO Mark Dytor. Picture: MARTIN RHODES
7 hour(s) ago

JSE-listed AECI plans to start producing explosives in Australia by year-end as it tries to generate half its sales from outside SA within three years

Telecoms & Technology

Bain wins Telkom contract ‘without open bidding’

Picture: CHARLES GALLO/GALLO IMAGES
16 hour(s) ago

Letter shows there was no record of a published or archived competitive process that led to the selection of Bain

Mining

Gem Diamonds soars on Letšeng

Gem Diamonds CEO Clifford Elphick. Picture: SUNDAY TIMES
7 hour(s) ago

Gem Diamonds reports an 80% jump in revenue for the interim period and a one-third increase in output

Mining

Petra’s second-largest shareholder sells two thirds of its stake in miner

Petra Diamonds CEO Johan Dippenaar. Picture: FINANCIAL MAIL
21 hour(s) ago

Awal Bank places 43-million shares with UK and international institutions at a discount of 12% to the stock’s Monday close

Mining

Accident shuts Northam shaft for weeks

Mine worker.  Picture: EPA
1 day(s) ago

Northam Platinum cut production in half at its key producing mine after a large weight fell down a shaft, shutting it for up to six weeks

Property

Newly listed Delta fund aims to raise $90m for African assets

Picture: THINKSTOCK
1 day(s) ago

First pan-African property income fund, Delta International, believes it can raise $90m over the next two months

Lynne Brown. Picture: TREVOR SAMSON

Eskom to name CEO ‘within weeks’

Appointment comes at a critical time for Eskom, which is facing a cash crisis to which no solution has yet been found

Retail & Consumer

SA craft lager earns gold at Berlin festival

Picture: STELLENBRAU
6 hour(s) ago

SA’s burgeoning craft beer industry has been thrust onto the global map with a Stellenbosch-based brewer winning the best lager prize

Telecoms & Technology

BCX’s new CEO will stay if takeover is approved

7 hour(s) ago

Business Connexion’s new CEO, Isaac Mophatlane, says he will not implement big changes at the company

Opinion

COMPANY COMMENT: Exxaro; AECI

Picture: THINKSTOCK

Exxaro still needs rail to cash in on exports, while AECI says the strike has cost it about R250m in the six months to June

Opinion

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

Litigation bites at Deutsche, UBS

Deutsche Bank. Picture: MARTIN RHODES
7 hour(s) ago

US regulators are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders

Gadgets & Gear

L’Oréal make-up goes virtual for selfie age

Picture: THINKSTOCK
7 hour(s) ago

New app is one way of attracting attention in competitive world of cosmetics, but is also latest step in digital direction for manufacturers of consumer products

Picture: MARTIN RHODES

Chinese regulator announces anti-monopoly probe of Microsoft

Regulator says it is conducting an anti-monopoly investigation into Microsoft over Windows operating system, in latest in growing number of competition probes
Picture: THINKSTOCK

Exxaro buy lifts its coal export capacity

Exxaro has doubled its ability to export coal through the privately owned Richards Bay Coal Terminal through its $472m acquisition of Total Coal SA

Mining

Merafe rallies on rosy outlook for half-year

Picture: THINKSTOCK
1 day(s) ago

Merafe Resources rises to its highest in more than three years after saying interim earnings will more than double on ferrochrome output

Industrials

Basil Read appoints Neville Nicolau as new CEO

Neville Nicolau. Picture: BUSINESS DAY
2 day(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
2 day(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
2 day(s) ago

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

Americas

Exit of brewer’s CEO makes merger less likely

SABMiller CEO Alan Clark
2 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

Land & Agriculture

Zeder gets ‘fair and reasonable’ view for deal

Zeder Investments CEO Norman Celliers
2 day(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
2 day(s) ago

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

Opinion & Analysis

Small firms may not be South Africa's saviours

Picture: THINKSTOCK
9 day(s) ago

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
5 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

3 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
2 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
2 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
5 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
5 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
6 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
5 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
2 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
5 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

7 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
7 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
7 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

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

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

Mining

Petra increases output but considers closing mine

SPARKLE: A 25.5-carat blue diamond found at Petra Diamonds' Cullinan mine. Picture: PETRA DIAMONDS
1 day(s) ago

Petra has six mines, five in South Africa and one in Tanzania

Retail & Consumer

BAT Zimbabwe turns a profit despite revenue slump

CARGO: Cigarettes are seen during the manufacturing process in the British American Tobacco cigarette factory in Germany. Picture: REUTERS
1 day(s) ago

Cigarette sales volumes are in line with the same period last year, BAT Zimbabwe says

Mining

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

Picture: REUTERS
2 day(s) ago

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

Telecoms & Technology

Solar computer is a product of Africa

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

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

Opinion

COMPANY COMMENT: Trans Hex; Hulamin

Picture: THINKSTOCK

Trans Hex hoping to copy Petra’s success, while Hulamin increases normalised earnings and headline earnings per share hugely in the first half

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

Europe

Leading banks face suit for allegedly rigging price of silver

Deutsche Bank. Picture: MARTIN RHODES
2 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

Retail & Consumer

Woolworths’ feud with Lew appears over

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

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

Business

FSB to end firms’ unlicensed share trading

2 day(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
3 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
5 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
5 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
5 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
5 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
5 day(s) ago

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

Financial Services

Alex Forbes gives shares to staff

Alexander Forbes CEO Edward Kieswetter. Picture: FINANCIAL MAIL
5 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

Industrials

Oil and gas groups turn to equity raising

Picture: FINANCIAL MAIL
6 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
6 day(s) ago

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

Europe

Credit Suisse set to exit commodities

Credit Suisse Group CEO Brady Dougan. Picture: BLOOMBERG
7 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
6 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
7 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
7 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
7 day(s) ago

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

Mining

Amplats debt position worsened

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES
8 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
8 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
7 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
8 day(s) ago

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

 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6804.07-0.05% down
Dow Jones 16912.110.00% same
All Share 51863.16-0.73% down
ASX 5615.100.62% up
S&P 500 1969.9500.00% same
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Standard Bank
 
USD/ZAR 10.60780.09% up
GBP/ZAR 17.96170.01% up
EUR/ZAR 14.21490.01% up
JPY/ZAR 0.1038-0.04% down
AUD/ZAR 9.9348-0.08% down
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Standard Bank
 
Gold 1298.4900-0.05% down
Platinum 1480.20000.42% up
Silver 20.5475-0.08% down
Palladium 881.00000.80% up
Brent Crude Oil 107.560-0.15% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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