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Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES

Eskom plans to defend nuclear tender

2 hour(s) ago

Eskom says it will ‘vigorously oppose’ an application by Japanese-US nuclear specialists to suspend the award of a R4.3bn contract for Koeberg to its French rival, Areva

Retail & Consumer

Woolworths hopes basket shoppers turn to trollies

Picture: THINKSTOCK
3 hour(s) ago

Through a supermarket play, the no-longer niche retailer is tackling Pick n Pay and Checkers head-on

Mining

Ramp-up to leave Implats tapped out

DIFFICULT SITUATION: Impala Platinum CEO Terence Goodlace addresses the media on the group’s outlook. Picture: MARTIN RHODES
1 hour(s) ago

Implats will run down its R4bn cash pile by the end of the year to ramp its mines back to full production after a five-month strike

Retail & Consumer

Massmart takes knock from Game

A Game store, operated by Massmart, in Rosebank, Johannesburg. Picture: SUNDAY TIMES
2 hour(s) ago

Massmart’s Game continues to underperform, weighing on profitability, as sales of durable goods fall due to pressure on consumers

Mining

Motala said to have sought political favour

Enver Motala. A key player in liquidations. Picture: RUSSELL ROBERTS/FIANACIAL MAIL
2 hour(s) ago

Former lead liquidator of Pamodzi Gold’s mines was forced out of the team of provisional liquidators managing the Pamodzi assets by the master of the High Court

Property

Texton bucks trend with double-digit growth

CEO Rob Kane in front of the Vunani offices, now known as Texton Property Fund. Picture: FINANCIAL MAIL
1 hour(s) ago

Despite offices having been the worst-performing sector of the SA property market in recent years, Texton Property Fund still achieves double-digit growth in income payouts

Retail & Consumer

Woolworths’ food sales grow ‘ahead of pack’

HIGH STAKES: Woolworths shareholders will decide on Tuesday  whether or not to approve what  would be the biggest offshore investment to date by a South African retailer. Picture: JAMES OATWAY
22 hour(s) ago

Retailer says bigger store ‘supermarket’ strategy has performed well, encourages customers to ‘spend more with us’

Healthcare

Adcock says it’s ‘too early to return to profitability’ as restructuring continues

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
22 hour(s) ago

Having fallen to net loss of R962m in nine months to June, drug maker says it is too early to provide investors with ‘any comfort regarding return to profitability in short term’

Energy

Westinghouse launches legal action against Eskom

Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES
23 hour(s) ago

US company says it has asked Johannesburg High Court to order Eskom to provide it with relevant documentation supporting its decision to award contract to Areva

Picture: REUTERS
Company indicates it is feeding a voracious growth appetite in fledgling fast-food chain Burger King, and has consequently delayed the dividend ...   Read More

Healthcare

Adcock divides to conquer as it seeks recovery from loss

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
1 hour(s) ago

New management of drug maker Adcock Ingram begins reorganisation of the business, splitting it into five divisions

Land & Agriculture

Safcol aims at exports to China, India to counter rising costs

Picture: THINKSTOCK
1 hour(s) ago

Operating costs are being driven by the rising cost of leasing sawmills, and high transport and labour costs

Mining

Implats undertakes strategic review of its assets, says Goodlace

DIFFICULT SITUATION: Impala Platinum CEO Terence Goodlace addresses the media on the group’s outlook. Picture: MARTIN RHODES
20 hour(s) ago

Chief financial officer Brenda Berlin says Implats has no plans to raise further finance as it has cash of R4.3bn and has saved more than R5bn

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: Construction industry; Telkom

Picture: SUSANA GONZALEZ/BLOOMBERG

State not building up construction sector, while Telkom’s CFO appointment is likely to be an internal one to ensure continuity


International companies


Asia-Pacific

Qantas is upbeat for a return to profit

FLYOVER: A Qantas Airways and an Emirates Airlines Airbus A380 fly in formation during a flyover at an altitude of around 450m above Sydney on Sunday. Picture: REUTERS
4 hour(s) ago

The group says it will be profitable in the six months to December as an oversupply of seats subsides and a A$2bn cost-cutting programme starts to pay off

Asia-Pacific

Malaysia Airlines mourns as new ordeal looms

Malaysia Airlines planes sit on the tarmac at Kuala Lumpur International Airport. Picture: REUTERS
1 day(s) ago

A quarter of airline’s staff may lose their jobs at unprofitable airline that was hit by two aircraft disasters this year

Telefónica. Picture: BLOOMBERG

Vivendi warms to Telefónica’s raised GVT offer

Vivendi says Telefónica’s offer is ‘particularly attractive’ because it will generate a capital gain of more than €3bn
A Game store, operated by Massmart, in Rosebank, Johannesburg. Picture: SUNDAY TIMES

Massmart half-year profit down 25%

Retailer reports a 25.2% fall in half-year profit as debt-laden consumers battling rising living costs cut back on spending

Mining

Slow recovery from strike for Impala Platinum

Picture: THE TIMES
1 day(s) ago

Platinum producer says margins will be under pressure in short to medium term, strategic review of operations, projects will determine new way forward

Mining

CoAL rises on ‘take or pay’ settlement

Coal of Africa chairman David Brown. Picture: FINANCIAL MAIL
1 day(s) ago

Coal of Africa gains further 13.56% on news that it had raised $64.9m by placing shares

World

Steel profits hurt in hunt for sales

DEMAND: Steel production takes place at the Baosteel GroupCorp. facilities in Shanghai, China.  Baosteel says iron-ore prices have further to fall. Picture: BLOOMBERG
1 day(s) ago

World’s biggest steel makers hurting profits by chasing at any cost

Industrials

‘Difficult’ contractual space hits Basil Read

Picture: BLOOMBERG
1 day(s) ago

Contract difficulties resulted in a high proportion of work remaining uncertified, says mid-tier construction and engineering group

Financial Services

‘Low-profile dude’ and self-styled visionary

DYNAMIC: Leon Kirkinis, who resigned as African Bank Investments Limited CEO saw himself as a champion of the poor in lending to South Africans ignored or deemed too risky by conventional banks. Picture: RUSSELL ROBERTS
1 day(s) ago

Kirkinis pursued a path to riches through SA’s poorest provinces, write Renee Bonorchis and Chris Spillane

BusinessDay

COMPANY COMMENT: Fountainhead; Gold Fields

Redefine Properties' head office in Rosebank, Johannesburg.
3 day(s) ago

Redefine misjudged Fountainhead bid, while Gold Fields is still grappling with the best way to mine its South Deep mine — about eight years after buying it

Americas

Johnson & Johnson's specifically targeted recruitment strategy pays

Picture: BLOOMBERG
1 day(s) ago

Avoiding a flood of applicants and getting the right people for the job can be tricky, writes Victoria Stilwel

Industrials

ArcelorMittal stands firm on its pricing model, says CEO

Paul O’Flaherty.  Picture: PUXLEY MAKGATHO
1 day(s) ago

Loss-making steel producer has faced barrage of criticism over pricing methodology, which has artificially inflated domestic steel prices

Financial Services

Healthier Santam keeps eye on weather

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

Short-term insurer concerned about possible hailstorms in the last quarter of year, with favourable weather conditions critical to profitability

Property

Growthpoint in talks to take over Acucap Properties

Norbert Sasse,  CEO of Growthpoint. Picture: JEREMY GLYNN
1 day(s) ago

JSE’s largest property group by market value in talks to take over Acucap Properties, says CEO Norbert Sasse

Companies

SA firms face high debt costs after Abil failure

Picture: THINKSTOCK
1 day(s) ago

Flaws exposed in the Africa’s biggest corporate bond market have prevented investors from selling Abil’s debt

Industrials

‘Difficult’ contractual space hits Basil Read

Picture: BLOOMBERG
1 day(s) ago

Contract difficulties resulted in a high proportion of work remaining uncertified, says mid-tier construction and engineering group

Industrials

RCL resumes dividend despite loss

Rainbow Chicken CEO Miles Dally. Picture: FINANCIAL MAIL
1 day(s) ago

Food producer signals intention to resume dividend payments, unveils plans to diversify business away from poultry

Industrials

M&R sees oil, gas and energy diversification by 2020

Murray & Roberts CEO Henry Laas. Picture: FINANCIAL MAIL
1 day(s) ago

Murray & Roberts specifically targeting oil and gas, mining, energy and industrial markets, says CEO Henry Laas

Telecoms & Technology

Mustek hikes pay-out on sales growth of desktop computers

Picture: THINKSTOCK
1 day(s) ago

Desktop computer sales showing resilience due to demand for larger screens and more powerful processors, says computer company

Telecoms & Technology

MTN denies inadequate employee consultation over layoffs

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

Trade union Solidarity says MTN staff are not being given opportunities to suggest alternatives to retrenchments, writes Karl Gernetzky

Transport & Tourism

Imperial warns of more pain ahead

Picture: THINKSTOCK
1 day(s) ago

Car dealer and logistics group says short-term outlook is daunting, vehicle import business ‘severely depressed’ by the knock-on effect of weakening rand

Financial Services

Santam profit rises on ‘turnaround in crop-insurance business’

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

Short-term insurer Santam says first-half headline earnings per share to end June increased by 119% to 799c

Mining

High Court revokes R16m in illegal payments by Aurora to financial consultants

A stranded miner at Aurora’s mine in Grootvlei, Springs, in December 2010. Picture: ROBERT TSHABALALA
2 day(s) ago

It is a small victory in the efforts of the respective liquidators of Aurora and Pamodzi Group to claw back some of the billions of rand owed to creditors

Industrials

Iliad Africa revenue grows despite ‘dim environment’

Iliad CEO Eugene Beneke.  Picture: FINANCIAL MAIL
2 day(s) ago

Although Iliad Africa has realigned its business, growth has been hindered by the reduction of unsecured lending, rising debt and utility costs

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

Companies

SA firms face high debt costs after Abil failure

Picture: THINKSTOCK
1 day(s) ago

Flaws exposed in the Africa’s biggest corporate bond market have prevented investors from selling Abil’s debt

Financial Services

Santam profit rises on ‘turnaround in crop-insurance business’

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

Short-term insurer Santam says first-half headline earnings per share to end June increased by 119% to 799c

Industrials

ArcelorMittal stands firm on its pricing model, says CEO

Paul O’Flaherty.  Picture: PUXLEY MAKGATHO
1 day(s) ago

Loss-making steel producer has faced barrage of criticism over pricing methodology, which has artificially inflated domestic steel prices

Property

Growthpoint in talks to take over Acucap Properties

Norbert Sasse,  CEO of Growthpoint. Picture: JEREMY GLYNN
1 day(s) ago

JSE’s largest property group by market value in talks to take over Acucap Properties, says CEO Norbert Sasse

Industrials

M&R sees oil, gas and energy diversification by 2020

Murray & Roberts CEO Henry Laas. Picture: FINANCIAL MAIL
1 day(s) ago

Murray & Roberts specifically targeting oil and gas, mining, energy and industrial markets, says CEO Henry Laas

Industrials

‘Difficult’ contractual space hits Basil Read

Picture: BLOOMBERG
1 day(s) ago

Contract difficulties resulted in a high proportion of work remaining uncertified, says mid-tier construction and engineering group

Financial Services

Healthier Santam keeps eye on weather

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

Short-term insurer concerned about possible hailstorms in the last quarter of year, with favourable weather conditions critical to profitability

Mining

CoAL rises on ‘take or pay’ settlement

Coal of Africa chairman David Brown. Picture: FINANCIAL MAIL
1 day(s) ago

Coal of Africa gains further 13.56% on news that it had raised $64.9m by placing shares

Property

Growthpoint benefits from acquisitions, weak rand

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

Property company warns that slowing economic growth and rising interest rates will take toll on rental demand

Industrials

Rising costs, strikes hit Imperial’s results

Mark Lamberti. Picture: TYRONE ARTHUR
21 hour(s) ago

Poor GDP growth, rising wage and transport costs, and labour disruptions in SA all help diluted headline earnings per share fall 7%

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%

Industrials

Impairments, Gold Coast woes hit Aveng

TRYING TIMES: Aveng CEO Kobus Verster addresses the media at the company's results in Sandton on Tuesday. Picture: MARTIN RHODES
2 day(s) ago

The construction and engineering group says that a decline in public-sector construction work over the past year has had to be offset by private-sector projects

Mining

Coal of Africa rises on news of fresh funds

Coal of Africa CEO David Brown. Picture: ROBERT TSHABALALA
2 day(s) ago

CoAL has been raising funds through the sale of various non-core assets, but it has been negotiating for some time to sell its Mooiplaats colliery

Financial Services

Vunani CEO pleased with group’s lack of gearing

Vunani CEO Ethan Dube. Picture: FINANCIAL MAIL
1 day(s) ago

CEO Ethan Dube says that although Vunani has sold its property asset management business, it intends to build another similar business

Transport & Tourism

OneLogix to boost Southern African presence

OneLogix CEO Ian Lourens. Picture: FINANCIAL MAIL
2 day(s) ago

Logistics and transport group wants to take its smaller businesses into other Southern African countries where its largest division, Vehicle Delivery Services, already has a footprint

Companies

Advtech sets aside R3bn for low-fee schools

Advtech CEO Frank Thompson. Picture: FINANCIAL MAIL
3 day(s) ago

It seems that the success of PSG-controlled Curro Holdings in the high-growth lower-fee private school market has prompted Advtech to broaden its pitch

Companies

Workforce shares soar as interim earnings treble

Picture: GALLO IMAGES/FOTO24/LOANNA HOFFMAN
3 day(s) ago

Recruitment group now benefiting from government policies — especially incentives for job creation and training

Property

Texton stands out in poorly performing office sector

CEO Rob Kane in front of the Vunani offices, now known as Texton Property Fund. Picture: FINANCIAL MAIL
3 day(s) ago

Texton CEO Rob Kane has said that 2014 has been a ‘cornerstone’ year for the fund

Media & Advertising

Naspers deal derailed after Caxton request

Picture: SHELLEY CHRISTIANS
4 day(s) ago

Caxton may have given the competition authorities ‘even more reason’ to investigate Media24 parent company Naspers’s shareholding structure

Property

Texton grows distributions despite struggling office sector

Property commercial Picture: THINKSTOCK
3 day(s) ago

Property fund says it has ‘performed well’ during busy, positive year, fundamental changes have led to solid platform from which to grow asset base

Mining

Shaft Sinkers upbeat after clients help out

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

Shaft Sinkers is putting in place a £9.2m convertible note programme to restore its working capital after taking severe hits

Telecoms & Technology

MTN thrives while JSE indices flag

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

MTN Group has added about R54bn to its market capitalisation since its well-received interim results early this month

Industrials

Joint venture aims to manufacture electronics

Picture: THINKSTOCK
4 day(s) ago

Grand Parade Investments and Telllumat enter into joint venture, with newly created company looking to position itself as manufacturer of choice for electronic products

 
All Share 51013.52-0.23% down
Top 40 45703.01-0.30% down
Financial 15 14688.55-0.30% down
Industrial 25 59474.59-0.44% down
Resource 10 56478.050.14% up
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Standard Bank
 
FTSE 100 6827.410.32% up
Dow Jones 17079.570.00% same
All Share 51029.28-0.20% down
ASX 5624.600.06% up
S&P 500 1996.7400.00% same
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USD/ZAR 10.5988-0.22% down
GBP/ZAR 17.60690.00% same
EUR/ZAR 13.9645-0.27% down
JPY/ZAR 0.1021-0.23% down
AUD/ZAR 9.9192-0.20% down
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Gold 1288.1750-0.12% down
Platinum 1426.50000.60% up
Silver 19.52250.11% up
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Brent Crude Oil 102.9500.48% up
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  • All Share : 51029.25
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  • ZAR/USD : 10.6035
    Change: -0.17%
    ZAR/GBP : 17.6025
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    ZAR/EUR : 13.9664
    Change: -0.25%
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  • Gold : 1287.8100
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