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Top Companies 2014
Sibanye Gold CEO Neal Froneman.  Picture: SUNDAY TIMES

Sibanye eyes five potential platinum targets

5 hour(s) ago

Sibanye Gold looking at potential targets in platinum sector, with one being the Amplats mines up for sale in Rustenburg

Transport & Tourism

Pensioners win right to Transnet class action

Picture: THINKSTOCK
5 hour(s) ago

Transnet will have to defend itself against an R85bn claim from former employees who have accused it of mismanaging its retirement funds

Companies

Runners a step ahead of commission

Picture: THINKSTOCK
5 hour(s) ago

So-called ‘runners’ are interfering with the Companies and Intellectual Property Commission by bypassing its normal registration procedures for a hefty fee

Business

Cellphone, time-share firms scrutinised

Picture: THINKSTOCK
3 hour(s) ago

Cellphone and timeshare firms are under the spotlight of the consumer authorities for their alleged abuse of consumer rights

Mining

‘Missing’ Rand Refinery gold weighs on Sibanye’s results

Sibanye Gold CEO Neal Froneman. Picture: MARTIN RHODES
6 hour(s) ago

Headline earnings fall to R652m in the first half from R881m, equating to 84c versus 156c

Companies

Grand Parade in empowerment deal with Spur

Picture: DAILY DISPATCH
6 hour(s) ago

Spur Corporation will soon be clutching more than R360m in net cash after confirming an empowerment deal with Grand Parade Investments

Industrials

Investors worry about Sappi’s $2.3bn debt

Steve Binnie. Picture: BUSINESS DAY
6 hour(s) ago

Sappi’s share price falls 5.37% to R40.69 despite the pulp and paper products group indicating it is on track to report a profitable 2014

Financial Services

Abraaj overlooks SA’s problems in order to invest

6 hour(s) ago

Private equity firm shrugs off unrest, saying Africa is the last piece of frontier markets left, writes Evan Pickworth

Property

Mall owner Intu expects boost after disappointing earnings

Intu Properties CE David Fischel. Picture: FINANCIAL MAIL
6 hour(s) ago

Intu’s net asset value per share rises to £3.72, reflecting a £573m or 44p per share property valuation gain

Financial Services

Ubank to spend R500m on IT upgrades

Ubank CEO Luthando Vutula.  Picture: SOWETAN
6 hour(s) ago

This forms part plans to improve its lending and transactional banking offering

Investec. Picture: MARTIN RHODES

Move to circumvent rule on executives’ pay

Investec could face shareholder opposition to executive remuneration and the composition of its board next week

Mining

BHP Billiton smelter discount has cost Eskom R11.5bn

Picture: THINKSTOCK
3 hour(s) ago

Case study finds that BHP Billiton’s special pricing agreement for its smelters in the Richards Bay industrial development zone has now cost Eskom R11.5bn

Telecoms & Technology

Vodacom aiming for 10-million for M-Pesa

Vodacom branding on the Ponte Building in Hilbrow, Johannesburg, in 2011. Picture: GALLO IMAGES/FOTO24/FELIX DLANGAMANDLA
6 hour(s) ago

The revamped service also comes with a Visa-branded card that will enable users to withdraw cash from ATMs and make payments at any shop

Financial Services

Investec lifts profits despite softer rand

Investec. Picture: MARTIN RHODES
6 hour(s) ago

Investec increases operating profit 25% in the quarter ending June, although the rand depreciated against the pound about 22% and distorted results

Telecoms & Technology

FoneWorx buys 35% stake in BMI

6 hour(s) ago

The acquisition will strengthen FoneWorx’s venture into the business processing and consulting market through newly created division Knowledge 350 degrees

Opinion

COMPANY COMMENT: Investec; Transnet

Investec CEO Stephen Koseff. Picture: MARTIN RHODES

Market eyes Investec over Kensington sale, while Transnet boss says SA’s declining economic outlook will affect the parastatal but probably not too much

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


World

NEWS ANALYSIS: Rio Tinto’s lesson: new commodity boom on its way

Smoke billows from chimneys at the Rio Tinto alumina refinery in Gove, 650km east of Darwin in Australia's Northern Territory.  Picture: REUTERS
6 hour(s) ago

The real lesson of the company’s humiliating exit from its Mozambique coal assets is that the wheels of the next commodity boom are now in motion, writes Clyde Russell

Europe

Emerging markets trip up Diageo

Diageo brands include Guinness stout. Picture: REUTERS
6 hour(s) ago

World’s largest spirits maker by sales posts weaker-than-expected earnings, hurt by slowdown in China and volatility in other emerging markets

Europe

Siemens’ energy business falls flat

Picture: REUTERS
6 hour(s) ago

The news is a setback for CEO Joe Kaeser as he seeks to improve profitability after the German company lost ground to competitors

French bank BNP Paribas. Picture: AFP PHOTO/PASCAL GUYOT

BNP posts largest loss after fine

Bank posts largest loss in its 14-year history after paying a record fine for doing business with Sudan and other countries blacklisted by the US

Europe

Alcatel eyes positive free cash flow by end of 2015

Alcatel-Lucent chief executive officer Michel Combes. Picture: REUTERS
6 hour(s) ago

Telecom equipment maker has not posted regular profits since it was created in a transatlantic merger in 2006

Samaritan's Purse medical personnel transport a person who died from the Ebola virus in the Case Management Center in Foya, Liberia. Picture: REUTERS/SAMARITAN'S PURSE

SAA not suspending routes over Ebola

SAA has not had notification from a ‘competent’ authority in SA to initiate travel-related health warnings to deal with the deadly virus, but ports of entry are on high alert

Industrials

Sappi stock falls as quarterly report fails to impress investors

Picture: MICHAEL ETTERSHANK
16 hour(s) ago

Pulp and fine paper product producer has a tough day of trading on JSE, closing over 5% down despite releasing a healthy third-quarter report

Mining

NUM signs three-year wage deal with Kumba

Picture: MAKWENA MANAMELA
1 day(s) ago

Union reaches wage settlement with Kumba Iron Ore, securing a 17.5% increase for lowest category of employees

Economy

PIC targets top JSE firms in bid for growth

PIC chief investment officer Daniel Matjila. Picture: TREVOR SAMSON
2 day(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
2 day(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

Mining

Exxaro buy lifts its coal export capacity

Picture: THINKSTOCK
3 day(s) ago

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

Asia-Pacific

Chinese regulator announces anti-monopoly probe of Microsoft

Picture: MARTIN RHODES
2 day(s) ago

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

Mining

Merafe rallies on rosy outlook for half-year

Picture: THINKSTOCK
2 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
4 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
3 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
4 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
4 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
4 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
4 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
11 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
7 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

5 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
4 day(s) ago

Trueman Zuma, head of its Global Research and Investments operation, calls it quits

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

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

Financial Services

Barclays Africa to expand in Nigeria

Maria Ramos. Picture: MARTIN RHODES
1 day(s) ago

Barclays Africa unlikely to buy any banks in Nigeria as they are too expensive, says CEO Maria Ramos

Industrials

Grindrod, Brimstone complete empowerment deal

Grindrod CEO Alan Olivier. Picture: MARTIN RHODES
1 day(s) ago

Consortium that has taken an 8.4% stake in the listed shipping and logistics group also includes Calulo and Solethu, previously invested in subsidiaries

Europe

BAT’s earnings burnt by stronger pound

Picture: REUTERS
1 day(s) ago

British American Tobacco’s first-half earnings fall 9%, hurt by lower cigarette consumption and a stronger pound

Europe

New Barclays is ‘starting to emerge’

Barclays CEO Antony Jenkins. Picture: PUXLEY MAKGATHO
1 day(s) ago

Barclays Africa’s UK parent reports its underlying profits fell 8% in the second quarter

Financial Services

Barclays to focus on corporate lending in SA

Absa Group CEO Maria Ramos. Picture: MARTIN RHODES
1 day(s) ago

Barclays Africa Group is focusing on lending to companies in South Africa to counter drop in retail credit as financial health of households deteriorates

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

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

Property

Capital Property returns to double-digit growth

Capital Property Fund MD Barry Stuhler. Picture: FINANCIAL MAIL
1 day(s) ago

Capital’s strategy to increase exposure to rand hedge sister companies Nepi and Rockcastle pays off as it achieves double-digit distribution growth for first time in three years

Energy

Eskom to name CEO ‘within weeks’

Lynne Brown. Picture: TREVOR SAMSON
2 day(s) ago

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
2 day(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

Bain wins Telkom contract ‘without open bidding’

Picture: CHARLES GALLO/GALLO IMAGES
2 day(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
2 day(s) ago

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

Telecoms & Technology

BCX’s new CEO will stay if takeover is approved

Isaac Mophatlane. Picture: JEREMY GLYN
2 day(s) ago

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

Mining

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

Petra Diamonds CEO Johan Dippenaar. Picture: FINANCIAL MAIL
2 day(s) ago

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

Property

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

Picture: THINKSTOCK
3 day(s) ago

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

Mining

Petra increases output but considers closing mine

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

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

Mining

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

Picture: REUTERS
4 day(s) ago

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

Retail & Consumer

BAT Zimbabwe turns a profit despite revenue slump

Picture: REUTERS
2 day(s) ago

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

Mining

Accident shuts Northam shaft for weeks

Mine worker.  Picture: EPA
3 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

Telecoms & Technology

Solar computer is a product of Africa

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

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

Retail & Consumer

Woolworths’ feud with Lew appears over

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

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

 
All Share 50904.76-0.96% down
Top 40 45749.69-1.02% down
Financial 15 14459.90-0.68% down
Industrial 25 58387.04-0.70% down
Resource 10 58856.29-1.72% down
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
 
USD/ZAR 10.74270.40% up
GBP/ZAR 18.08140.10% up
EUR/ZAR 14.38950.46% up
JPY/ZAR 0.10440.28% up
AUD/ZAR 9.96850.24% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1285.49000.20% up
Platinum 1461.70000.32% up
Silver 20.37000.17% up
Palladium 872.50000.63% up
Brent Crude Oil 105.800-0.21% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 50918.34
    Change: -0.93%
    Top 40 : 45746.03
    Change: -1.03%
    Financial 15 : 14452.94
    Change: -0.73%
    Industrial 25 : 58379.88
    Change: -0.71%
    Resource 10 : 58871.50
    Change: -1.70%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6650.38
    Change: -1.18%
    Dow Jones : 16563.30
    Change: 0.00%
    Hang Seng : 24533.37
    Change: -0.90%
    ASX : 5547.60
    Change: -1.34%
    S&P 500 : 1930.670
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.7430
    Change: 0.41%
    ZAR/GBP : 18.0804
    Change: 0.09%
    ZAR/EUR : 14.3877
    Change: 0.45%
    ZAR/JPY : 0.1044
    Change: 0.28%
    ZAR/AUD : 9.9678
    Change: 0.23%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1285.4300
    Change: 0.19%
    Platinum : 1461.7000
    Change: 0.32%
    Silver : 20.3750
    Change: 0.19%
    Palladium : 872.5000
    Change: 0.63%
    Brent Crude Oil : 105.770
    Change: -0.24%
    All data is delayed by 15 min
    Data supplied by INET BFA
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