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Bidvest CEO Brian Joffe. Picture: MARTIN RHODES

STOCKWATCH: Adcock shares jump as Bidvest looks to raise stake

20 hour(s) ago

Shares in struggling drug maker surge more than 7% on news that top shareholder Bidvest Group is looking to raise stake, a move that could trigger a full buy-out

Mining

Gold Fields’s South Deep woes grow with R12bn Kebble suit

Nick Holland. Picture: MARTIN RHODES
1 day(s) ago

Persistent troubles with South Deep remain, as legacy adds to output problems

Energy

Exxaro to increase higher-margin coal exports

Exxaro Resources CEO Sipho Nkosi. Picture: MARTIN RHODES
1 day(s) ago

Exxaro set to ramp up higher-value coal exports from its Grootegeluk mine after amending its agreement with Eskom

Retail & Consumer

Truworths seeks new CEO for smooth transition

Picture: MICHAEL ETTERSHANK
1 day(s) ago

Truworths International looking for new CEO to replace Michael Mark

Financial Services

African Bank woes ‘won’t do Nedbank unit much harm’

1 day(s) ago

African Bank’s collapse has had a less than 1% effect on Nedbank Private Wealth’s income portfolio, says division managing executive

Mining

Billiton spin-off offers JSE investors a rarity

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

Miner still committed to South Africa, and demerger plan is beneficial to the country

Mining

Gold Fields production unaffected by safety stoppages

Picture: THINKSTOCK
1 day(s) ago

Gold miner says it maintained its full-year production forecast despite severely disrupted production due to work to improve support in tunnels

Europe

Glencore keeps promise to return cash to shareholders

Picture: REUTERS
2 day(s) ago

Commodities group announces share buyback programme of up to $1bn as it report forecast-beating first-half profit

The Big Picture

Picture: SUNDAY TIMES
Capitec is in the same market as African Bank, so it is hard to see how it can be unaffected by Abil’s woes   Read More

Mining

Gold Fields increases earnings amid rationalisation exercises

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

Gold Fields posts net earnings of $19m for the six months to June compared to a $102m loss for the same period a year earlier

Industrials

Italtile profit up despite retail sector ills

Nick Booth. Picture: SUPPLIED BY ITALTILE
1 day(s) ago

The group’s higher-income customers and integrated supply chain supports growth

Opinion

THICK END OF THE WEDGE: Eskom CE choice is the perfect meddle

Tshediso Matona is arguably the most experienced of government’s directors-general, but compared to Brian Dames, his experience of Eskom is a mere glancing blow

Opinion

COMPANY COMMENT: Market likes growth story of Ascendis

Picture: THINKSTOCK

Recently listed Ascendis, with no real track record other than a rapid accumulation of operating assets, is trading close to a record high


International companies


World

Action to end banks being ‘too big to fail’

Picture: THINKSTOCK
1 day(s) ago

Government leaders expected to agree that the world’s top banks must issue special bonds to increase the amount of capital that can be tapped in a crisis

Europe

Russia takes aim at McDonald’s

Picture: MARTIN RHODES
1 day(s) ago

Russian authorities launch nationwide inspections of McDonald’s restaurants

Europe

Watchdog finds bans against Standard Chartered more effective than a fine

Picture: REUTERS
1 day(s) ago

Authorities are finding that banning banks from certain businesses is a more effective punishment than just fining them for wrongdoing

Americas

Regulators crack down on errant US banks

Picture: THINKSTOCK
1 day(s) ago

Regulators give some of the biggest global banks verbal warnings as they crack down on the firms’ poor grasp of their own weaknesses

Workers carry out routine checks at a gas refinery in Suining, Sichuan province. Picture: REUTERS

NEWS ANALYSIS: China seems to be getting the pricing balance right for natural gas

Developments show the tightrope Beijing is walking by increasing natural gas prices, writes Clyde Russel

Americas

Seabridge upbeat on selling stake in Canadian mine

Picture: THINKSTOCK
1 day(s) ago

The prospect of finding a partner for its project in British Columbia improves as mining dealmaking activity revives, says Seabridge

Europe

Glencore keeps promise to return cash to shareholders

Picture: REUTERS
2 day(s) ago

Commodities group announces share buyback programme of up to $1bn as it report forecast-beating first-half profit

Picture: THINKSTOCK

Exxaro coal exports shoot up by 43%

Trading conditions during past six months challenging as the average price of export coal dropped more than expected

Energy

State set for tighter control of Eskom

Tshediso Matona. Picture: TREVOR SAMSON
2 day(s) ago

New CEO Tshediso Matona cites failure to account and will have to ensure utility complies with proposed bill that Department of Public Enterprises is working on

Industrials

ARB posts growth across divisions despite stasis of SA’s infrastructure plans

ARB Holdings CEO Byron Nichles. Picture: ARNOLD PRONTO
2 day(s) ago

Electrical and lighting equipment supplier sees continued growth in year ended June despite subdued markets

Retail & Consumer

Massmart leads fall in retail shares as consumers battle

Picture: THINKSTOCK
2 day(s) ago

Massmart’s trading warning is the retail sector’s second blow following Shoprite’s full-year earnings miss earlier this week

Property

Property springs pleasant surprises

Picture: THINKSTOCK
3 day(s) ago

Listed property share prices rally about 5% over the past two weeks, on better than expected results reported by real estate counters

Industrials

Invicta’s plans for secondary listing gain pace

Invicta CEO Arnold Goldstone. Picture: TREVOR SAMSON
3 day(s) ago

The company wants to derive half of its revenue from outside SA in the medium term, from about 22% now

Mining

Gold Fields sells stake in Peruvian project

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

Gold miner says it will retain 1.5% net smelter royalty on sales of gold, copper, silver coming from Chucapaca concession area

Transport & Tourism

Sun International in deal with Thai group

Picture: THINKSTOCK
4 day(s) ago

South African gaming giant teams up with Minor International to reduce exposure to African hotel operations

Industrials

Logistics plan gives Super Group’s results a lift

Super Group CEO Peter Mountford. Picture: FINANCIAL MAIL
4 day(s) ago

Industrial transportation operator’s earnings growth is due to its integrated logistics plan

Asia-Pacific

BHP unveils spin-off as profit just misses forecasts

People walk through the foyer of the BHP Billiton headquarters in Melbourne, Australia, in this file picture. Picture: BLOOMBERG
3 day(s) ago

Top global miner will spin off a roughly $14bn company to shareholders, mostly offloading assets acquired in 2001 merger with Billiton, as it looks to focus on strongest businesses

Americas

Discount retail battle heats up

Billionaire investor Carl Icahn. Picture: REUTERS
4 day(s) ago

Dollar General has offered to buy Family Dollar Stores for $8.95bn, trumping an offer by Dollar Tree

Asia-Pacific

Rio Tinto reviews stake in Papua New Guinea mine

Picture: REUTERS
4 day(s) ago

An abandoned mine with a potential copper and gold resource worth more than $60bn is in play after Rio Tinto Group said it is reviewing its controlling stake

Opinion

COMPANY COMMENT: Resilient; Metair

Metair CEO Theo Loock.  Picture: ROBERT BOTHA

Resilient leads rally in listed property sector, while Metair’s start-stop battery technology is a big market opportunity

Opinion

SIGN POST: Smartphone taxi apps go Uber large

Exactly a year after Uber arrived in SA to change the face of private taxi services, it is about to disrupt the world of metered taxis

Industrials

Smaller margins offset Transpaco volumes

Picture: THINKSTOCK
2 day(s) ago

Packaging group sees better sales volumes offset by contracting margins

Property

Hospitality falls despite beating growth forecast

The Radisson Blu hotel in Summerstrand, Port Elizabeth.  Picture: THE HERALD
2 day(s) ago

Hotel-focused real estate investment trust’s shares decline despite beating its forecast distribution growth for year ended June

Financial Services

Capitec moves to reassure funders

Picture: THE TIMES
4 day(s) ago

Moody’s downgrade of unsecured lender draws flak as action seen as reaction to fallout from African Bank’s spectacular implosion

Companies

STOCKWATCH: Pinnacle Holdings share price bounces back

Picture: BUSINESS DAY
2 day(s) ago

After losing 65% of value in past six months, information and communication technology group’s stock climbs 21.4% in late afternoon after release of update

Opinion

Transformation is about more than just black CEOs

If we are serious about real transformation, people need to be thinking of how to transform the credit committees

Opinion

COMPANY COMMENT: Litha; Capitec

Picture: SUNDAY TIMES

The market has recently grown immune to the charms of Litha, while the ghost of Saambou is sending shivers through the market, with Capitec falling 5%

Mining

BHP Billiton confirms sale plans for most SA assets

TIME TO ACCOUNT: BHP Billiton CEO Andrew Mackenzie prepares to discuss the company's annual results at a meeting in Sydney on Tuesday. Picture: REUTERS
3 day(s) ago

Global resources group plans to spin off noncore businesses estimated to be worth $16bn — including most of its assets in SA

Asia-Pacific

Samsung buys Quietside to enhance its smart home business

A man tours a showroom of Samsung Electronics in Seoul. Picture REUTERS
3 day(s) ago

This is the South Korean firm’s second such acquisition within a week after saying on Friday it purchased SmartThings, a US-based platform developer

Mining

Harmony to shut unprofitable shaft, with job cuts on cards

Harmony Gold CEO Graham Briggs. Picture: MARTIN RHODES
3 day(s) ago

Miner says it will temporarily close Target 3 shaft because it is bleeding money, a move that could affect up to 1,500 jobs

Asia-Pacific

NEWS ANALYSIS: Demerger brings deal between BHP and Billiton full circle

People walk through the foyer of the BHP Billiton headquarters in Melbourne, Australia, in this file picture. Picture: BLOOMBERG
4 day(s) ago

Shareholders stand to reap benefits of having high-margin resource company with top-quality assets that should be able to deliver stronger profits, writes Clyde Russell

Europe

Telecom Italia targets Vivendi Brazilian unit

4 day(s) ago

Telecom Italia is reportedly preparing an offer valued at as much as €7bn to outbid Telefónica in the race to buy Vivendi’s Brazilian broadband unit GVT

Industrials

Turkish unit bolsters Metair revenue

Metair CEO Theo Loock.  Picture: ROBERT BOTHA
4 day(s) ago

Automotive product manufacturer and distributor’s Turkish vehicle and industrial battery acquisition boosts half-year revenue

Industrials

KAP lifts dividend on disposals

Jo Grove.  Picure: MARTIN RHODES
4 day(s) ago

KAP Industrial Holdings shares close 3.58% higher after company reports 21% rise in earnings, 50% dividend increase for year to June

Energy

SA urged to harness fuel cell project

It is the first time ever in the world that platinum fuel cells, used in a Kroonstad community test project, are being used as a prime power source for households. Picture: CHARLOTTE MATHEWS
4 day(s) ago

Development could spur a high-technology downstream industry — if Energy Department includes fuel cells in masterplan

Property

MAS aims at listing on JSE main board

Picture: MICHAEL ETTERSHANK
4 day(s) ago

AltX-listed Europe-focused property investment company believes it is on track to graduate to the JSE’s main board this year

 
All Share 51197.160.00% same
Top 40 45982.920.00% same
Financial 15 14634.640.00% same
Industrial 25 59591.940.00% same
Resource 10 57365.320.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6775.250.00% same
Dow Jones 17001.220.00% same
All Share 51197.160.00% same
ASX 5640.500.00% same
S&P 500 1988.4000.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 10.68850.17% up
GBP/ZAR 17.72900.36% up
EUR/ZAR 14.16700.04% up
JPY/ZAR 0.10290.08% up
AUD/ZAR 9.96090.09% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1281.11000.04% up
Platinum 1422.00000.28% up
Silver 19.43500.13% up
Palladium 886.50000.62% up
Brent Crude Oil 102.2900.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51197.16
    Change: 0.00%
    Top 40 : 45982.92
    Change: 0.00%
    Financial 15 : 14634.64
    Change: 0.00%
    Industrial 25 : 59591.94
    Change: 0.00%
    Resource 10 : 57365.32
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6775.25
    Change: 0.00%
    Dow Jones : 17001.22
    Change: 0.00%
    Hang Seng : 25112.23
    Change: 0.00%
    ASX : 5640.50
    Change: 0.00%
    S&P 500 : 1988.400
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.6885
    Change: 0.17%
    ZAR/GBP : 17.7290
    Change: 0.36%
    ZAR/EUR : 14.1670
    Change: 0.04%
    ZAR/JPY : 0.1029
    Change: 0.08%
    ZAR/AUD : 9.9609
    Change: 0.09%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1281.1100
    Change: 0.04%
    Platinum : 1422.0000
    Change: 0.28%
    Silver : 19.4350
    Change: 0.13%
    Palladium : 886.5000
    Change: 0.62%
    Brent Crude Oil : 102.290
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
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