• Tuesday, October 21 2014
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SPARKING GROWTH: An employee works in a ferronickel smelter owned by state miner Aneka Tambang  in the Pomala district in Indonesia's South Sulawesi province. The country accounts for roughly 7%  of the world's total nickel mine output. Picture:REUTERS

Norilsk severs its connection with Africa

12 hour(s) ago

Norilsk stated its intention to sell its 50% of Nkomati Nickel, which it owned jointly with JSE-listed African Rainbow Minerals, and its 85% stake in Tati Nickel Mining in Botswana towards the end of last year

Industrials

PPC raises defences against Foord ‘demand’

Ketso Gordhan. Picture: MARTIN RHODES
12 hour(s) ago

Foord says it has been able to gain the support of another shareholder, Visio Capital Management, to support its bid to replace the board

Mining

RBPlat’s new mine suffers difficulties

Royal Bafokeng Platinum CEO Steve Phiri. Picture: SUNDAY TIMES
12 hour(s) ago

Target date for steady state production now extended by six months

Financial Services

MMI plans to set up India joint venture

22 hour(s) ago

Group will become first South African insurer to enter the health insurance market in a South Asian country

Financial Services

Guardrisk eyes Kenya and Mozambique

Guardrisk MDHerman Schoeman. Picture: FINANCIAL MAIL
12 hour(s) ago

Specialist insurer Guardrisk sees opportunities to introduce cell captive insurance

Healthcare

Aspen seals therapy licensing deal

Aspen Pharmacare CEO Stephen Saad. Picture: FINANCIAL MAIL
12 hour(s) ago

Drugs manufacturer signs agreements to acquire license rights to innovative unmodified oral testosterone replacement therapy from US specialty pharmaceutical firm

National

Sasol does not need to use registered mail to distribute AGM notices, says court

Picture: SOWETAN
1 day(s) ago

Sasol is given permission to distribute notice of AGM to shareholders through means other than mail, because it believes Post Office will not deliver in time

Mining

Wesizwe Platinum set for the ‘perfect storm’

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
1 day(s) ago

A weak platinum price, which could remain so for up to 18 months, had rendered a large number of shafts unprofitable and capital expenditure had been cut to a minimum, says chief operating office

Cider products. Picture: ROBBIE TSHABALALA/FINANCIAL MAIL

Rekorderlig targets changing tastes

Swedish cider company, which entered the SA market last month, is looking to tap into the same trend which is buoying craft beer producers

Industrials

Sappi redeems part of R750m bond

FUTURE: Workers stand beside storage towers at Sappi’s Ngodwana wood mill in Mpumalanga on  Wednesday. Picture: BLOOMBERG
12 hour(s) ago

Paper group faces a number of local and offshore debt obligations over the next five years

Retail & Consumer

Cashbuild reports 10% jump in revenue for September quarter

A Cashbuild outlet in Rustenburg, North West. Picture: MARTIN RHODES
12 hour(s) ago

The group’s 18 new stores opened since July 1 last year have contributed 6% of the revenue increase

Opinion

Businesses must focus on common good

Picture: THINKSTOCK

Not enough of the ‘benefits’ of business are actually trickling down to society and where it has, it has done so at an immense cost

Opinion

COMPANY COMMENT: PSG; CNH Industrial

Piet Mouton, CEO of PSG. Picture: FINANCIAL MAIL

Enough adventure for PSG for now, while CNH Industrial as begun rolling out buses and extra-heavy trucks from its new Iveco plant in Pretoria


International companies


Europe

Air France KLM, Delta, Alitalia offer concessions to settle EU probe

GETTING A LIFT: An Airbus A320 aircraft, operated by Alitalia, taxis on the tarmac at Fiumicino Airport in Rome, Italy, on Friday. The airline has secured a €500m rescue package. Picture: BLOOMBERG
2 hour(s) ago

Skyteam alliance partners offer to give up slots at three airports and make other concessions to try to settle European Union antitrust investigation

Europe

Court rejects Lufthansa bid to block strike

Airplane of German air carrier Lufthansa lands at the airline's main hub in Frankfurt. Picture: REUTERS
3 hour(s) ago

German labour court finds no grounds to declare walkout by pilots over retirement benefits illegal, strike began at short-haul fleet, later extended to long-haul services

Europe

Total CEO dies in plane accident

Christophe de Margerie. BLOOMBERG/FABRICE DIMIER
9 hour(s) ago

Christophe de Margerie is killed when business jet collides with snow plough during takeoff at Vnukovo International Airport in Moscow

DRIVE-BY SHOT: A ban on liquor advertising could force smaller agencies to close. Picture: RUSSELL ROBERTS

Ebola hits Heineken sales in Sierra Leone

Company’s Sierra Leone unit sends staff home and halts expansion plans as it joins growing number of firms cutting operations in West African nations hit hardest by Ebola outbreak

Europe

Adidas stock jumps as ‘imminent’ bid for Reebok is noted

INVESTOR CONFIDENCE: An official 2014 World Cup football printed with an Adidas logo, in Sion May 31 2014, Switzerland. Picture: REUTERS
12 hour(s) ago

Group of investors plans to bid about €1.7bn for the company’s Reebok unit

A customer waits outside the shuttered entrance of a Vodafone store ahead of opening in London. Picture: BLOOMBERG

Vodacom ‘makes sense’ for Vodafone

With speculation that government’s stake in Vodacom could be up for sale, analyst says it would make sense for its UK parent to buy them

Markets

Platinum stock above ground remains a puzzle

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

Analysts predicted a surging market as a record five-month labour stoppage in SA wiped out more than 1-million ounces of output worth $1.28bn

Mining

AngloGold likely to replace Goldman, UBS after $2.1bn share plan failed

AngloGold Ashanti CEO Srinivasan Venkatakrishnan. Picture: MARTIN RHODES
4 day(s) ago

World’s third-biggest gold producer talking to potential new advisers after having to abandon sale and asset split five days after it was announced in September

Property

Pivotal brings big portfolio and pipeline to JSE

Phase 1 of Pivotal Property Fund's Alice Lane development in Sandton.  Picture: PIVOTAL PROPERTY FUND
4 day(s) ago

Property punters will soon have another chance to invest in the real estate pipeline of a leading developer when Pivotal Property Fund lists R9.2bn portfolio

Retail & Consumer

Pick n Pay turnaround shows modest results

Picture: FINANCIAL MAIL
4 day(s) ago

Slower sales volumes and dip in market share signal that its road to recovery might be a longer and bumpier one than expected

Europe

London Mining throws in the towel

Picture: THINKSTOCK
4 day(s) ago

Iron-ore miner, which owns the Marampa mine in Sierra Leone, has been battling high costs, a sharp drop in iron prices and the impact of the Ebola

Retail & Consumer

Tiger Brands rushes to shore up trust after food recall

Picture: THINKSTOCK
4 day(s) ago

Range of sauces and ready-to-eat rice produced in India recalled after testing positive for banned carcinogenic colourants

Financial Services

WesBank to finance car buyers in Nigeria

Picture: THINKSTOCK
4 day(s) ago

The move into Africa’s largest economy should help FirstRand grow its revenue contribution from the rest of the continent beyond the existing 10%

Mining

Profit shifting report false, says Lonmin

A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERS
5 day(s) ago

Report claiming Lonmin is engaging in two transfer pricing arrangements is misleading and false, the company says

Property

SA’s Reits to receive environmental rating, says MSCI

Growthpoint Properties' headquarters in Sandton. Picture: FINANCIAL MAIL
5 day(s) ago

Assets under management by signatories of UN’s principles for responsible investment now total about $45-trillion

Retail & Consumer

Pick n Pay half-year profit up 32% on cost cuts

Picture: BUSINESS DAY
5 day(s) ago

Company is in middle of a turnaround plan that includes slashing costs and streamlining its supply chain while still opening new stores

Mining

Department to engage parties on terminated Aquarius Platinum deal

HARD TIMES: Mining is the linchpin of the Rustenburg economy and the town is struggling as a result of the strike. Picture: THE TIMES
5 day(s) ago

Aquarius agreed in January to sell its stakes in its mothballed Blue Ridge Platinum and Sheba’s Ridge Platinum mines to a Chinese consortium for $37m

Retail & Consumer

SA’s Tiger Brands recalls products after finding carcinogens

Picture: THINKSTOCK
5 day(s) ago

Company says it found traces of colourants methyl yellow and Sudan 1 in some of the products made between June and July of this year at a factory in India

Transport & Tourism

Air traffic firm seeks to land growth possibilities

OR Tambo International Airport in Johannesburg. Picture: ACSA
5 day(s) ago

SA’s two state-owned air traffic and airport management firms look to broaden their growth opportunities, with both assisting countries in Africa to build skills capacity

Mining

Waterberg coal miners collaborate on resources

Picture: THINKSTOCK
5 day(s) ago

The three most advanced coal companies in the Waterberg region work with Sasol to develop the area’s coal resources

Telecoms & Technology

Le Roux company buys into Digicore

Capitec chairman Michiel le Roux in this 2007 file picture: Picture: SUNDAY TIMES
5 day(s) ago

Investment firm linked to former Capitec Bank prime mover Michiel le Roux takes sizeable stake in vehicle tracking specialist Digicore

Transport & Tourism

Tsogo aims to sweat assets for growth

Marcel von Aulock.  Picture: MARTIN RHODES
5 day(s) ago

The hotel and casino operator has little room to further improve efficiencies unlike some of its competitors

Telecoms & Technology

Datatec profit falls but group maintains full-year outlook

Datatec CEO Jens Montanana. Picture: ARNOLD PRONTO
5 day(s) ago

Datatec maintains its full-year revenue forecast of above $6bn as it expects a better second-half performance

Opinion

STRAIGHT TALK: Too many rules disable boards

Rules made for boards can often excuse behaviour, rather than guide it

Business Times

Activist Botha ruffles Tsogo Sun's feathers

Shareholder activist Theo Botha. Picture: RUSSELL ROBERTS
2 day(s) ago

Tension at Tsogo Sun's annual general meeting as shareholder activist Theo Botha gets under the skin of chairman Johnny Copelyn

Business Times

Leaked audit report points to Post Office chaos

Post Office employees on a strike at the Witpost Mail Centre in Ormonde, Johannesburg.  Picture: BAFANA MAHLANGU
2 day(s) ago

Old problems at South African Post Office not addressed as fraud spikes

Retail & Consumer

Pick n Pay to seek African expansion via Ghana

Richard Brasher. Picture: BLOOMBERG/SIMON DAWSON
1 day(s) ago

The West African nation is forecast to grow 6.9% this year, way ahead of SA’s less than 2% projection

Industrials

Quarterly results in line, says Mondi

Picture: THE TIMES
4 day(s) ago

Paper and packaging maker says September quarter underlying operating profit of €174m in line with management’s expectations

Industrials

Bidvest, Grindrod deal abandoned on reputation concerns

Picture: SUNDAY TIMES
5 day(s) ago

Bidvest unable to satisfy itself as to the ‘potential reputational impact from recent negative publicity relating’ to CPS’s social grant contract

Retail & Consumer

Watchdog conditionally approves Clover, Dairybelle deal

Picture: THINKSTOCK
5 day(s) ago

Farmers expressed concerns over the market for the procurement of raw milk and their concerns also relate to continued collusion in market

Opinion

COMPANY COMMENT: Super Group; alcohol advertising laws

A sign on a fence at Ford's stamping operations in Dagenham, London. Picture: REUTERS

Super Group strikes deal to buy Allen Ford, while liquor producers and retailers seem to be on the same page regarding pending laws to ban alcohol advertising

Opinion

COMPANY COMMENT: Glencore; global real estate markets

Picture: REUTERS

Glasenberg set his sights on next target, while South African investors wanting to share in the recovery in global real estate markets are becoming spoilt for choice

Telecoms & Technology

Government considers selling stake in Vodacom to support Eskom, say sources

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

The government has approached financial advisers about the possible disposal of its about 13.91% stake in Vodacom

Industrials

Quarterly operating profit in line with expectations, says Mondi

Mondi CEO David Hathorn. Picture: FINANCIAL MAIL
5 day(s) ago

Caroline Learmonth of Barclays Africa equity research says third quarter seasonally weak for Mondi but company on track for year

Mining

Delays end Chinese Aquarius deal

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

The move raises concerns about the platinum miner’s finances

Telecoms & Technology

Telkom cuts jobs in turnaround bid

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

Last month 302 managers took voluntary packages and 105 may be retrenched at the month-end

Financial Services

Kagiso Tiso sticking with MMI partnership

Picture: THINKSTOCK
5 day(s) ago

Kagiso says it is happy with its partnership with insurer MMI and looks set to stay invested at least until 2017

Land & Agriculture

Global traders take on banks for agrifinance

Picture: THINKSTOCK
5 day(s) ago

Commodity traders and investors compete for a shrinking market share, writes Gillian Jones

Mining

Aquarius sale agreement with consortium is terminated

Aquarius Platinum CEO Jean Nel
6 day(s) ago

Platinum producer says delay in securing various South African regulatory approvals led to cancellation of agreement to sell two mines to Chinese consortium

Industrials

Dawn approaches global stage after selling stake to Grohe

Dawn CEO Derek Tod. Picture: MARTIN RHODES
6 day(s) ago

Japanese-owned German manufacturer now owns 51% of Dawn’s manufacturing operations

Telecoms & Technology

Telkom expects earnings to slump

Picture: GALLO IMAGES
8 day(s) ago

Telkom says the drop is due to the previous corresponding period’s results being boosted by R2.2bn recognised on post-retirement medical aid liability during the same period last year

Transport & Tourism

Super Group acquires UK Ford motor dealer for R606m

A sign on a fence at Ford's stamping operations in Dagenham, London. Picture: REUTERS
11 day(s) ago

Fleet management company announces it has acquired UK’s second-largest Ford motor dealer, Allen Ford

Transport & Tourism

Low-cost carrier Mango enjoys soaring demand

A Mango plane over the N4 freeway near OR Tambo International Airport. Picture: GALLO IMAGES/SOWETAN
11 day(s) ago

Profitable low-cost carrier owned by state company SAA plans to add new routes and planes as a slower domestic economy increases demand for cheaper flights

JSE Sens

 
All Share 48530.471.96% up
Top 40 43385.892.13% up
Financial 15 14140.502.18% up
Industrial 25 58200.022.51% up
Resource 10 49878.411.17% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6372.331.68% up
Dow Jones 16572.161.05% up
All Share 48530.471.96% up
ASX 5312.500.00% same
S&P 500 1933.5901.55% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 10.9990-0.16% down
GBP/ZAR 17.7501-0.35% down
EUR/ZAR 14.0074-0.66% down
JPY/ZAR 0.1030-0.05% down
AUD/ZAR 9.6810-0.12% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1252.31500.46% up
Platinum 1284.20001.68% up
Silver 17.59501.02% up
Palladium 775.25002.55% up
Brent Crude Oil 85.6600.30% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 48530.47
    Change: 1.96%
    Top 40 : 43385.89
    Change: 2.13%
    Financial 15 : 14140.50
    Change: 2.18%
    Industrial 25 : 58200.02
    Change: 2.51%
    Resource 10 : 49878.41
    Change: 1.17%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6372.33
    Change: 1.68%
    Dow Jones : 16570.18
    Change: 1.04%
    Hang Seng : 23088.58
    Change: 0.00%
    ASX : 5312.50
    Change: 0.00%
    S&P 500 : 1933.040
    Change: 1.52%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.9997
    Change: -0.15%
    ZAR/GBP : 17.7434
    Change: -0.38%
    ZAR/EUR : 13.9840
    Change: -0.82%
    ZAR/JPY : 0.1031
    Change: 0.09%
    ZAR/AUD : 9.6806
    Change: -0.12%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1252.3500
    Change: 0.46%
    Platinum : 1284.0000
    Change: 1.66%
    Silver : 17.5950
    Change: 1.02%
    Palladium : 775.2500
    Change: 2.55%
    Brent Crude Oil : 85.720
    Change: 0.37%
    All data is delayed by 15 min
    Data supplied by INET BFA
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