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An Ellerines store in Randburg, Johannesburg.  Picture: MICHAEL ETTERSHANK

Lewis agrees to buy Beares from Ellerines

7 hour(s) ago

After ‘competitive bid process’ administrators accept offer from Lewis Group, binding agreement is subject to approval from competition authorities

Mining

Harmony shuts Kusasalethu mine to remove illegal miners

NO ENTRY: Harmony Gold's Kusasalethu mine in Carletonville, where miners were locked out because of a strike. Picture: SOWETAN
1 hour(s) ago

Gold miner halts output at Kusasalethu mine for two weeks to try to remove illegal miners who have been trespassing and are believed to be starting fires

Industrials

PPC calls shareholder meeting to consider removal of board

Ketso Gordhan. Picture: MARTIN RHODES
53 minute(s) ago

SA’s biggest cement maker will hold shareholders’ meeting to consider removal of entire board after getting request from investors representing 10% of company

Healthcare

Aspen buys stake in milk formula producer

Aspen Pharmacare CEO Stephen Saad. Picture: SUNDAY TIMES
6 hour(s) ago

Drugmaker says acquisition of 50% of New Zealand baby formula company is part of its strategy to enter billion-dollar Asian industry

Transport & Tourism

DHL to invest €30.5m in new SA facilities

Picture: AVUSA
5 hour(s) ago

Investments bring state-of-the-art infrastructure, IT systems and world-class services to support businesses operating in Africa, says CEO Roger Crook

Transport & Tourism

More blood set to flow at SAA as chair acts

Lynne Brown. Picture: TREVOR SAMSON
13 hour(s) ago

Two board meetings called as well as a meeting with the SAA executive committee, from which, insiders say, CEO Monwabisi Kalawe was excluded

Mining

Amcu strike drives up mine productivity

DiamondCorp CEO Paul Loudon.   Pictue: ROBERT BOTHA
13 hour(s) ago

The strike has starkly revealed productivity inefficiencies at the mining project near Kroonstad

Financial Services

HCI partnership breaks up in the spotlight

HCI meeting. Picture: TREVOR SAMPSON
13 hour(s) ago

CEO Johnny Copelyn says HCI sees only downside to the ‘avalanche of press interest’, with no public benefit.

Financial Services

Nedbank to plough cash into expansion

Picture: RUSSELL ROBERTS
13 hour(s) ago

Even with capital adequacy ratios above regulatory requirements group not contemplating a special dividend

HCI meeting. Picture: TREVOR SAMPSON

HCI subsidiary offers boisterous sideshow

KWV investor queries CEO’s lack of experience

Financial Services

African banking operations may boost full-year earnings for Barclays

Zimbabweans queue to withdraw cash outside the Barclays bank in the capital Harare, in the September 30 2008 file photo.  Picture: REUTERS
13 hour(s) ago

Barclays Africa Group shows improvement in bad debts in the South African home loan book and good loan growth in corporate and investment banking

Retail & Consumer

AVI’s group revenue up despite consumer constraints

AVI CEO Simon Crutchley. Picture: FINANCIAL MAIL
13 hour(s) ago

The group’s mix of fashion and food and beverage brands has rendered it more resilient than rivals like Pioneer Foods and Tiger Brands

Opinion

COMPANY COMMENT: Platinum producers; niche insurers

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES

Producers take stock in a sea of platinum, while insurers may start listing bonds to raise capital to meet looming regulatory requirements

Opinion

ON THE MONEY: Boardroom wars negatively affect all facets of HCI and PPC

Both cases are examples of how egos and shareholder-value don’t mix, and boards should ensure clashes are managed, writes Stuart Theobald


International companies


Europe

VW quarterly sales beat forecasts as earnings grow 16%

13 hour(s) ago

After years of rapid sales gains to pursue its goal of surpassing Toyota Motor Corporation as the world’s biggest car maker, Volkswagen has shifted focus to protect profit

Europe

Citigroup sets aside $600m more to cover legal costs

ON THE SPOT: Traders work at the trading post that trades Citigroup stock on the floor of the New York Stock Exchange in October 2012. Picture: REUTERS
13 hour(s) ago

Barclays prepares £500m in the third quarter to cover potential fines

Americas

Apple’s Tim Cook says he is ‘proud to be gay’

Apple CEO Tim Cook.  Picture: REUTERS
1 day(s) ago

Apple CE Tim Cook says he wants to support others who find it difficult to reveal their sexual orientation

Picture: MARTIN RHODES

Microsoft joins fitness bandwagon

New fitness band has 10 smart sensors to monitor the heart rate all day, measure calories burned, track sleep and provided guided workouts

Asia-Pacific

Analysts bullish despite Samsung profit outlook

An employee assists a customer at a Samsung shop in the central district of Hong Kong, China. Picture: BLOOMBERG
1 day(s) ago

Loyalty to Samsung underscores growing disconnect between the stock’s rating and price, which is headed for its biggest annual drop in 14 years

Tom Winterboer.  Picture: RUSSELL ROBERTS

African Bank’s ‘good’ spin-off seeks licence

Ten new board members have been nominated, and are expected to be installed by end-November

Trade & Industry

Transnet coal terminal put on hold

Brian Molefe.  Picture: PUXLEY MAKGATHO
1 day(s) ago

Follows industry agreement struck with the major players to provide extra capacity to junior miners — Transnet Group CEO Brian Molefe

National

SACP wants exchange controls and state ownership of Sasol back

Higher Education and Training Minister Blade Nzimande addresses a press briefing after delivering his budget vote speech in Parliament on Tuesday.  Picture: TREVOR SAMSON
1 day(s) ago

Proposals contained in a discussion document, Going to the Root, on the second, ‘radical’ phase of the national democratic revolution

Financial Services

Sparks to fly at HCI meeting

Marcel Golding. Picture: SUNDAY TIMES
1 day(s) ago

Shareholder activist Theo Botha is expected to question chief financial officer Kevin Govender’s trades in Ellies’s shares

Telecoms & Technology

Metrofile buys eFile to get into the UAE

CEO of Metrofile Graham Wackrill
2 day(s) ago

Dubai-based eFile is one of the fastest-growing imaging and information management companies in the Gulf Co-operation Council countries

Mining

Trans Hex clinches De Beers mine

Trans Hex CEO Llewellyn Delport. Picture: FINANCIAL MAIL
1 day(s) ago

The transaction value is largely associated with Trans Hex assuming the rehabilitation liability of R166m

Media & Advertising

E.tv chief operating officer quits with immediate effect

E.tv chief operating officer Bronwyn Keene-Young. Picture: FINANCIAL MAIL
2 day(s) ago

Bronwyn Keene-Young says she is leaving free-to-air operations to protect her young family, her resignation follows that of Barbara Hogan, Marcel Golding

Telecoms & Technology

Vodacom faces stiff competition as new operator enters Tanzania

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

Vietnam-based competitor Viettel plans to become the country’s eighth cellphone network by investing $1bn in a new third-generation mobile technology

Mining

Implats has ‘still not returned to full production’

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

Impala Platinum says four fatal accidents and subsequent closure of operations interrupted its progress in restarting operations during first two months of quarter

Europe

Banks woo former female employees to help close gender gaps

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange in this September 11 2013 file photo.  Picture: REUTERS
3 day(s) ago

Banks have greatly improved their male-female ratio at the lowest and highest ranks but face a challenge retaining women in the middle of their career, when many have children

Healthcare

Ascendis Health to buy SG Diagnostics

Ascendis CEO Karsten Wellner. Picture: TREVOR SAMSON
3 day(s) ago

Company says it considers entry into the medical diagnostics market as strategic for many reasons, including the global trend in healthcare towards preventative care

Financial Services

HCI chief vows e.tv will resist pressure

HCI CEO Johnny Copelyn. Picture: FINANCIAL MAIL
2 day(s) ago

Claims of political interference by former nonexecutive director Barbara Hogan

Energy

Sasol lays $9bn basis for a US ‘Secunda’

Sasol CEO David Constable announces the company's audited financial results for the year ending June 30 2013 on Monday. Picture: ARNOLD PRONTO
3 day(s) ago

Chemicals complex will test management’s ability to bring a substantial development outside SA into production on time and on budget

Transport & Tourism

Emirates row moves into diplomatic channels

Emirates. Picture: REUTERS/CAREN FIROUZ
2 day(s) ago

Officials say the fourth flight was agreed to in the context of the 2010 Soccer World Cup

Americas

‘Breakthrough’ awarded to Merck oncology drug

Picture: THINKSTOCK
3 day(s) ago

Drug maker says it has won a ‘breakthrough’ designation from regulators that will bring its most promising oncology drug to lung-cancer patients faster

African Business

SizweNtsalubaGobodo obtains licence in Cameroon

Nonkululeko Gobodo. Picture: FINANCIAL MAIL
3 day(s) ago

Company has also acquired the skills and intellectual property of corporate strategy firm African Business Solutions as it builds its practice in the rest of Africa

Retail & Consumer

The rich and hungry lift Famous Brands

Tashas Restaurant in Athol Square, Sandown. Picture: FINANCIAL MAIL
3 day(s) ago

Hungry higher-income South Africans have given Famous Brands’ upmarket chains such as tashas and Turn ’n Tender a boost

Property

Africrest secures funding to help grow portfolio

Rands. Picture: THINKSTOCK
4 day(s) ago

Financing facility with Futuregrowth Asset Management to help Africrest grow portfolio from about R500m to more than R1.3bn in next five years

Retail & Consumer

Shoprite rallies on strong first quarter results

Picture: SUNDAY TIMES
3 day(s) ago

Share price jumps the most in more than five years after food retailer reports stronger than expected growth in first quarter

Opinion

COMPANY COMMENT: Anglo American; Sasol

Picture: FINANCIAL MAIL

Anglo CEO Cutifani is on a triple mission, while Sasol is no stranger to mega-projects outside SA

Property

Safari Investments almost doubles earnings

Picture: THINKSTOCK
1 day(s) ago

CEO Francois Marais excited by the retail node the group is developing in Atteridgeville

Industrials

Astute Angolan buy boosts CIG profit

CIG CEO Raoul Gamsu. Picture: FINANCIAL MAIL
1 day(s) ago

Company’s new Angolan investment hailed as one of its ‘savviest’ deals after it contributed just under a third of the group’s full-year profit

Telecoms & Technology

MICROmega sees rapid earnings rise this year

MICROmega CEO Greg Morris. Picture: RUSSELL ROBERTS
1 day(s) ago

Investment group says it is in the early stage of a ‘rapid growth period’ and anticipates further rise in earnings in this financial year

World

Performance chasm befalls gold miner stocks

Gold is seen stacked in one-kilogram bars at a Tanaka Kikinzoku Kogyo KK store in Tokyo, Japan.  Picture: BLOOMBERG/KIYOSHI OTA
2 day(s) ago

A chasm is opening up between the best-and worst-performing gold mining stocks as the price of the metal languishes near a four-year low

Europe

Austrian bank’s former CE given suspended jail term for bribing politician

Former CEO of Bayrische Landesbank, Werner Schmidt, at the regional court in Munich on Monday. Former managers are accused of embezzlement in relation to the purchase of Austrian Hypo Group Alpe Adria. Picture EPA
3 day(s) ago

German court hands former BayernLB CE Werner Schmidt a suspended prison sentence of 18 months for bribing Austrian politician

Mining

Cooke mines boost Sibanye’s production

Neal Froneman. Picture: MARTIN RHODES
3 day(s) ago

Gold producer says there were significant cost increases during quarter due to annual wage increases, higher winter power tariff

Opinion

STOCK TALK: Keeping it in the family ...

HCI CEO Johnny Copelyn. Picture: FINANCIAL MAIL

Shareholders gnash teeth as sparks fly in boardrooms

Opinion

A better way to deal with 'free' services

Cell C CEO Jose dos Santos. Picture: PUXLEY MAKGATHO

Idea that ‘this infrastructure is mine and you can't use it like that’ is no longer a viable game to be playing, writes Jose Dos Santos

Retail & Consumer

Domino’s eyes a large slice of the pizza market

A Domino's outlet in the US. Picture: TASTE HOLDINGS
2 day(s) ago

Company is eyeing 150 trading outlets in SA as competition in the category heats up and the pizza wars begin

Telecoms & Technology

Adapt IT in R200m software deal

Adapt IT CEO Sbu Shabalala. Picture: SUNDAY TIMES
2 day(s) ago

The acquisition will expand geographical reach, and diversify and bolster customer base, especially in the financial services industry

Mining

Cooke’s inclusion pushes Sibanye Gold to record

Neal Froneman. Picture: MARTIN RHODES
2 day(s) ago

Sibanye produced 1.43-million ounces of gold last year and is on track to produce 1.61-million ounces this year

Europe

Bank stress test relief lifts European assets

Picture: REUTERS
4 day(s) ago

European stocks, low-rated government bonds and single currency all rise as financial markets give tentative thumbs-up to eurozone bank health checks

Financial Services

Nedbank third-quarter loan income up 8.4%

Picture: RUSSELL ROBERTS
4 day(s) ago

Nedbank, which earlier this month took 20% stake in Ecobank to expand continental reach, said earnings from loans rose to R17bn

Industrials

PPC lawyers demand Gordhan’s silence

Ketso Gordhan. Picture: MARTIN RHODES
3 day(s) ago

Attorneys says the company has been faithful to the terms of former CEO’s departure and refrained from divulging the true reasons behind his resignation

Financial Services

Golding quits HCI and Hogan follows

Marcel Golding. Picture: TREVOR SAMSON
3 day(s) ago

Executive chair Marcel Golding and nonexecutive director and former cabinet minister Barbara Hogan resign over allegations of political interference at e.tv

Mining

Sphere Minerals reviews plan to develop iron mine in Africa

Mining. Picture: THINKSTOCK
3 day(s) ago

Glencore controlled firm slows plans to develop $900m iron-ore mine in Africa after prices of the steel-making material plunged

Property

Residential is Reit target for Arrowhead

Arrowhead chief operating officer Mark Kaplan. Picture: FINANCIAL MAIL
2 day(s) ago

Only 2% of investment-grade residential property in SA is listed, whereas about 14% of developed markets and 15% of developing markets’ residential properties are listed

Europe

Africa’s ‘frontier’ markets offer hopes of high returns

A euro sign stands outside the European Central Bank’s headquarters in Frankfurt, Germany. Picture: REUTERS
4 day(s) ago

Facing subdued growth at home, growing number of Western investors hoping continent’s budding exchanges can help them tap in

Europe

ECB ups the ante as 25 banks fail stress tests

STRESS TESTS: A euro sign sculpture is seen in front of the headquarters of the European Central Bank in Frankfurt, Germany. It is unclear whether the ECB exercise, involving a rigorous review of 131 banks’ assets and liabilities, will be sufficient to get more credit flowing into the ‘real economy’. Picture: MARTIN LEISSL/BLOOMBERG
4 day(s) ago

Of all banks that failed assessment, 12 have already covered their shortfalls in the year to September 30

Financial Services

SizweNtsalubaGobodo founder leaves

Nonkululeko Gobodo. Picture: FINANCIAL MAIL
4 day(s) ago

SA’s largest black-owned accounting firm will keep its name and continue to be led by CEO Victor Sekese

JSE Sens

 
All Share 49722.882.18% up
Top 40 44384.992.42% up
Financial 15 15178.822.91% up
Industrial 25 60698.412.83% up
Resource 10 47168.650.75% up
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 11.05640.97% up
GBP/ZAR 17.68290.92% up
EUR/ZAR 13.85920.24% up
JPY/ZAR 0.0988-0.76% down
AUD/ZAR 9.72761.43% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1168.5050-2.63% down
Platinum 1232.2000-0.79% down
Silver 15.9800-3.24% down
Palladium 789.25001.84% up
Brent Crude Oil 85.140-1.28% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 49722.88
    Change: 2.18%
    Top 40 : 44384.99
    Change: 2.42%
    Financial 15 : 15178.82
    Change: 2.91%
    Industrial 25 : 60698.41
    Change: 2.83%
    Resource 10 : 47168.65
    Change: 0.75%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6524.93
    Change: 0.95%
    Dow Jones : 17352.21
    Change: 0.91%
    Hang Seng : 23998.06
    Change: 0.00%
    ASX : 5505.00
    Change: 0.00%
    S&P 500 : 2012.720
    Change: 0.91%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.0562
    Change: 0.97%
    ZAR/GBP : 17.6849
    Change: 0.93%
    ZAR/EUR : 13.8559
    Change: 0.22%
    ZAR/JPY : 0.0987
    Change: -0.80%
    ZAR/AUD : 9.7295
    Change: 1.44%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1168.5750
    Change: -2.63%
    Platinum : 1232.2000
    Change: -0.79%
    Silver : 15.9800
    Change: -3.24%
    Palladium : 789.2500
    Change: 1.84%
    Brent Crude Oil : 85.170
    Change: -1.24%
    All data is delayed by 15 min
    Data supplied by INET BFA
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