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Land & Agriculture

Tongaat Hulett looks to cash in on sales of vast tracts of land

Picture: THINKSTOCK

CEO Peter Staude says the company’s land development initiatives could have a record year

Retail & Consumer

Diversity pays off for Famous Brands

Kevin Hedderwick. Picture: FAMOUS BRANDS

CEO Kevin Hedderwick says company has reached its goal of becoming an integrated branded food services franchisor

Retail & Consumer

Verimark changes focus to local as weak rand bites

Verimark CEO Michael van Straaten. Picture: FINANCIAL MAIL

Direct retailer Verimark plans to counter currency threats with shops abroad including in African countries

Land & Agriculture

Tough times for Illovo Sugar’s local output

Picture: THINKSTOCK

Drought and frost have left cane growers hard hit, with ‘considerable cane yield losses’

Retail & Consumer

Rhodes Food earnings surge, plans payout

Picture: THINKSTOCK

Profit after tax soars 52.6% as the group increases market share in key product categories

SAA. Picture: GALLO IMAGES/ALON SKUY

EDITORIAL: Beware costly middlemen

SAA can do a lot more for aspirant black entrepreneurs by boosting business than it can by spending its cash on the enrichment of middlemen

Companies

BMW, Nissan build electric car grid

The BMW i3, the electric car produced by BMW is unveiled against the backdrop of Tower Bridge during the world premiere launch in London, in 2013. BMW offers the i3 — a battery-powered compact car— with a unique option: the use of a sport-utility vehicle.  Picture: BLOOMBERG/SIMON DAWSON

First charging hub is likely to be in Cape Town and plans for more will be extended to other major urban centres

Property

High debt levels take the shine off Delta’s grand 15.7% growth

Picture: THINKSTOCK

Delta’s assets are predominantly government-tenanted offices in Durban and Pretoria but the fund has diversified into other sectors

Opinion

COMPANY COMMENT: Investec; Tongaat Hulett

Investec. Picture: MARTIN RHODES

Black and white with red spots at Investec, while record cash flows at Tongaat Hulett suggest directors are comfortable with the company's medium-term prospects


International companies


Asia-Pacific

Australian brewer finds joy in solid gold

Allen Kelly.  Picture: BLOOMBERG/CARLA GOTTGENS

Doray Minerals MD fears the mining firm may be in the sights of rivals, writes David Stringer

Asia-Pacific

Rio targets $6bn for Oyu Tolgoi mine

Heavy machinery operate inside an open pit at the Oyu Tolgoi copper-gold mine, jointly owned by Rio Tinto's Turquoise Hill Resources unit and state-owned Erdenes Oyu Tolgoi, in the Gobi desert, Mongolia. File picture: BLOOMBERG/BRENT LEWIN

Rio Tinto Group prepares a war chest to develop one of the world’s largest untapped deposits of copper and gold

Europe

Workers in Turkey mull Renault offer

Striking workers wait at a Renault factory in western Turkey on Friday. AFP PHOTO/OZAN KOSE

Renault offers a risk-free cash payment to striking workers in western Turkey who downed tools in wage dispute

Picture: REUTERS

Watchdogs snapping at Facebook’s heels

Move over Google, Facebook is the latest US tech company Europeans love to hate

Asia-Pacific

Vodafone India said to be weighing IPO as share hits 14-year high

STRATEGY: Pedestrians walk past a vegetable vendor sitting in front of a closed store displaying the Vodafone logo in Mumbai, India. Picture: BLOOMBERG

Indian business is wireless carrier Vodafone Group’s biggest unit by customers

Picture: THINKSTOCK

CFM leaps ahead with aircraft fuel efficiency

Joint venture CFM International ahead with Leading Edge Aviation Propulsion — Leap — motors that will power most of the next generation of planes

Americas

McDonald’s CEO gets grilled at first annual meeting

Picture: MARTIN RHODES

Shareholders take new CEO Steve Easterbrook to task over wages, advertising and food

Americas

BlackBerry cuts jobs worldwide as it consolidates businesses

Picture: REUTERS

Company does not specify how many employees will be affected

Land & Agriculture

Tongaat headline earnings drop to R945m

Picture: THINKSTOCK

Sugar producer records 14.6% drop in full-year headline earnings to R945m due to reduction in sugar volumes and lower prices

African Business

MTN warns over Nigeria fuel crisis

MTN. Picture: BLOOMBERG/NADINE HUTTON

Nigeria’s biggest mobile phone operator MTN has warned that its network faces shutdown

Property

German assets boost Sirius

Picture: THINKSTOCK

German business park owner Sirius Real Estate grows its net asset value per share 13% in the year to March

Financial Services

Regulations stymie developments, says HCI

Johnny Copelyn. Pictures: ESA ALEXANDER

HCI CEO Johnny Copelyn says regulatory difficulties are holding up ‘significant development of several of our businesses’

Transport & Tourism

SAA jet fuel plan ‘will set it back’

Picture: SUNDAY TIMES

SAA has said it will allocate half of its R20bn procurement spend, including on jet fuel, to black industrialists

Retail & Consumer

Quantum Foods revenue hit by SA operations

Picture: MARIANNE SCHWANKHART

Recently listed poultry business says it has achieved ‘credible’ set of results in first half of financial year, with report its first since unbundling from Pioneer Food Group

Retail & Consumer

Dividend rise sign of an upbeat Richemont

A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture: BLOOMBERG

Biggest factor in the steep fall in bottom line profits stems from foreign exchange hedging tactics which caused ‘noncash, mark-to-market’ losses

Retail & Consumer

Rhodes Food to declare first dividend in September

Picture: THINKSTOCK

Rhodes, which listed on JSE in October 2014, says business continues to generate strong operating cash flows and board plans to declare first dividend in September

Retail & Consumer

Famous Brands records 14th consecutive year of growth

Picture: FINANCIAL MAIL

Fast-food franchise group sees share price rally as much as 2.72% at opening of JSE, following release of full-year results, with record turnover and profit announced

Transport & Tourism

Gibela Rail confident of meeting 2017 target

Lucky Montana, left, group CEO of Prasa, and Gibela Rail MD Marc Granger are optimistic about the regulatory progress being made towards delivering the first 20 trains being built in Brazil. File picture: MARTIN RHODES

Programme on track despite claims of nepotism in empowerment deals, writes Nicky Smith

Retail & Consumer

Krispy Kreme doughnuts coming to SA

Picture: THE NEW YORK TIMES/OZIER MUHAMMAD

Global doughnut company Krispy Kreme planning to open 31 shops in South Africa over next five years in first venture into Africa

Europe

Dutch government ‘to push ABN AMRO listing’

Eurogroup president and Dutch Finance Minister Jeroen Dijsselbloem gives a press conference after finance ministers met at the European Council in Brussels on Monday.  Picture: AFP PHOTO/EMMANUEL DUNAND

Dutch Finance Minister Jeroen Dijsselbloem’s plan expected on Friday for possibly the country’s biggest IPO

Opinion

COMPANY COMMENT: Pioneer; Mining Charter

Picture: THE TIMES

Pioneer’s small steps lead to Africa growth while the spate between mines and the state hurts SA’s image

Europe

UK banks face further fines

Picture: BLOOMBERG/CHRIS RATCLIFFE

Barclays and Royal Bank of Scotland face up to £7bn in additional fines for misconduct within two years

Mining

De Beers tailings operation up for sale

Picture: THINKSTOCK

De Beers puts operation to recover diamonds from tailings at Kimberley up for sale, seeking to extend life of its second-largest source of local diamonds beyond 2018

Healthcare

Aspen agrees to sell portfolios to Strides in Singapore and India

Aspen Pharmacare Holdings says transactions form part its strategy to focus attention on areas where most value can be added

Retail & Consumer

Mr Price eyes earnings rise

Picture: MICHAEL ETTERSHANK

Mr Price Group expect headline earnings per share of between 902c and 933c, despite factors weighing on consumer spending

Mining

Chamber of Mines urges carbon tax delay

Mike Teke. Picture: MARTIN RHODES

Chamber of Mines president Mike Teke calls proposed tax an ‘absurdity’ in the light of heavy losses in the carbon-intensive industry

Opinion

COMPANY COMMENT: Tiger Brands; NVest Financial Holdings

Peter Matlare, CEO of Tiger Brands. Picture: MARTIN RHODES

Wily staff make new headaches for Tiger Brands, while NVest Financial Holdings aims to list on the AltX shortly

Opinion

COMPANY COMMENT: Oceana; Theo Botha

Oceana CEO Francois Kuttel. Picture: FINANCIAL MAIL

Will Oceana be bitten fishing in new seas? And shareholder activist Theo Botha says it is not his aim to give companies a hard time with questions at annual general meetings

Mining

BHP broke law with officials’ Beijing trips

People walk through the foyer of the BHP Billiton headquarters in Melbourne, Australia, in this file picture. Picture: BLOOMBERG

Australian miner to pay $25m to settle US SEC claims it offered hospitality packages to 176 foreign officials ‘involved with BHP Billiton contract negotiations or regulatory dealings’

Telecoms & Technology

Dimension Data to boost spend on cloud offerings

Picture: THINKSTOCK

Dimension Data is targeting $4bn of revenues from data centre management in three to five years

Media & Advertising

Blackstar confirms name change to Tiso Blackstar

Picture: SUNDAY TIMES

Investment holding company says scheme of arrangement to acquire all ordinary shares in issued share capital of Times Media Group is ‘unconditional’

Land & Agriculture

Oceana on course to become big fish after R4.6bn US acquisition

Oceana CEO Francois Kuttel. Picture: FINANCIAL MAIL

Fishing conglomerate, which has Tiger Brands as an anchor shareholder, will acquire 100% of Louisiana-based Daybrook Fisheries

Retail & Consumer

Weaker naira puts pressure on Tiger Brands

Food producer says performance was held back by foreign exchange losses in Nigeria-based Dangote Flour Mills

Financial Services

Coronation to stay on mandate despite dip

Anton Pillay. Picture: FINANCIAL MAIL

Though Coronations stock has dropped 22% so far this year, its fund managers won’t change its long term, valuation-driven investment philosophy

Telecoms & Technology

Dimension Data set for more acquisitions

Derek Wilcocks. Picture: RUSSELL ROBERTS

Dimension Data in discussions to buy one of two companies operating in the software-applications market as part of its growth strategy

African Business

Bourses in Africa plan to cross-list more ETFs

Picture: MICHAEL ETTERSHANK

JSE says SA, Nigeria and Kenya planning to cross-list more exchange-traded funds on their stock markets to boost liquidity of the securities

Retail & Consumer

Astral hatching plan to expand presence in Africa

Astral Foods CEO Chris Schutte. Picture: FINANCIAL MAIL

The continent offers huge rewards for poultry producer Astral Foods with low per-capita chicken consumption a big opportunity

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Calendar

Famous Brands Famous Brands finals
Illovo Sugar Illovo Sugar finals
Reinet Reinet finals
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