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Education

Advtech shareholders to take on board

Advtech CEO Frank Thompson. Picture: ROBERT TSHABALALA

AGM may provide clues as to whether an unsolicited R6bn takeover attempt by larger rival Curro Holdings stands a chance

Industrials

Bidders line up for distressed Evraz

Steel coils.  Picture: BLOOMBERG

Bidders stump up $10m by deadline, but no details emerge of the preferred candidates for SA’s second largest steel maker

Industrials

Imports spur plunge in Hulamin profits

Aluminium coils. Picture: BLOOMBERG

Hulamin reports dramatic fall in operating profit amid rising competition in domestic and foreign aluminium markets

Industrials

NEWS ANALYSIS: Ideology hampers recovery of a sector on its knees

Economic Development Minister Ebrahim Patel. Picture: TREVOR SAMSON

State’s desire to use metals production and beneficiation to ‘re-industrialise’ the country is paralysed by contradiction, writes Mark Allix

Industrials

Group Five joins list of battered builders

Picture: THINKSTOCK

Construction company expects a fall of up to 53% in fully diluted headline earnings per share for the year ended June

Telecoms & Technology

Vodacom, finance chief part ways

Picture: THINKSTOCK

Financial executive and replacement have worked alongside one another for more than 18 months to prepare for the role, says insider

Industrials

Group Five plunges to four-month low

Project management has long been associated with engineering and construction, but companies in other spheres are increasingly turning to it.  Pictures: SUNDAY TIMES

Stocks in construction company slide after it says it expects annual profits to be sharply lower, Group Five provides no reasons for decline

Companies

Pick n Pay plans new stores and jobs

Picture: FINANCIAL MAIL

Retailer plans to employ 5,000 people a year as it opens new stores in SA, despite challenging conditions

Economy

Fewer companies liquidated in June, Stats SA data show

Picture: THINKSTOCK

Fewer companies were liquidated last month compared with previous month and year ago, despite difficult economic conditions such as weak demand

Opinion

COMPANY COMMENT: Lonmin; listed property sector

A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERS

Dim view of Lonmin's move to reduce jobs while two big deals could mark the end of consolidation in listed property for the year

Picture: THE NEW YORK TIMES/OZIER MUHAMMAD

Dunkin’ Brands plans to move into SA

Speciality ice-cream franchisor wants to open 50 Baskin-Robbins outlets in SA over the next five years

Retail & Consumer

Starbucks serves up a tepid brew in Johannesburg

Picture: REUTERS

US coffee chain plans to move into SA and the rest of the continent but China is the main focus

Financial Services

Blue’s bid to convert debt to equity hits obstacle

Johan Meiring. Picture: FINANCIAL MAIL

Pan-African lender needs capital to move forward and wants its funders to convert about R468m of debt into equity

Mining

Petra on track to become SA’s king of diamonds

Petra Diamonds CEO Johan Dippenaar poses with the Cullinan Heritage diamond. Picture: BLOOMBERG

Petra Diamonds to reach 5-million carats by 2019 as it deepens two key mines in SA — positioning it to overtake De Beers

Odgers Berndtson

Generation Y: meet the new CEO

Picture: SHUTTERSTOCK

The challenge will be for firms to develop a better understanding of this new generation of managers, and to adapt working conditions to accommodate them, writes Odgers Berndtson

Featured Partner

Odgers Berndtson

Challenges facing CEOs in changing global business environment

Picture: THINKSTOCK

Executive search firm Odgers Berndtson’s sub-Saharan Africa CEO, Jamie Robertson, looks at major trends that have emerged in executive search field over last decade

Featured Partner

Nedbank

Make taking your business to the next level happen, with Nedbank

Nedbank Business Banking believes in demonstrating importance of successful partnerships, role they play in championing the growth of clients’ businesses

Featured Partner

Opinion

ON THE MONEY: Abil business rescue move may see shareholders pocket some money

More really bad news for taxpayers, who are on the line for a R7bn guarantee


International companies


Europe

UBS shareholders can expect another 50% dividend payout, says CEO

Sergio  Ermotti . Picture: BLOOMBERG/GIANLUCA COLLA

CEO Sergio Ermotti says the bank also plans to distribute a special dividend in addition to payout promised more than a year ago

Asia-Pacific

Lead-heavy noodles have insurers drooling

Maggi noodles. Picture: REUTERS/DANISH SIDDIQUI

Big demand for policies as Nestlé fights regulator, write Anto Antony and Bhuma Shrivastava

Picture: THINKSTOCK

Pearson says it is in talks to sell The Economist share

Report suggests discussions are being held with other shareholders in The Economist, which include the Schroder, Cadbury, Rothschild and Agnelli families
Aluminium coils. Picture: BLOOMBERG

Hulamin reports 34% drop in first-half operating profit

Aluminium products maker and marketer Hulamin reports 34% drop in first-half operating profit due to electricity shortages and planned maintenance

Europe

Fiat Chrysler to pay record $90m for recall lapses

Picture: REUTERS

Automaker Fiat Chrysler to pay record $90m for lapses in recalls of its vehicles under deal reached with US regulators

Americas

Facebook to scale up mobile internet service

Picture: REUTERS

Social network plans to scale up service to offer free basic internet on mobile phones to boost usage, company has introduced application in 17 countries over past year

Middle East

Teva drops Mylan deal in favour of Allergan

Teva International. Picture: BLOOMBERG/AKOS STILLER

Allergan’s generic drug business could be a smoother ride that will bring bigger returns, faster

Markets

Gold price’s decline credit negative for SA mines, says Moody’s

Picture: BLOOMBERG

Global rating agency Moody’s says decline in gold price credit negative for AngloGold Ashanti and Gold Fields as it will lower their revenues

Mining

Anglo to axe a third of global workforce

Anglo American CEO Mark Cutifani. Picture: MARTIN RHODES

Removal of a third of its 152,000-strong global workforce comes as Anglo prepares for a more difficult second half of the year

Mining

Lonmin plunges as more cuts loom

Picture: MICHAEL ETTERSHANK

Analysts estimate more than two-thirds of the industry is loss-making at prevailing prices

Energy

Bid to fire PetroSA executives meets legal hurdle

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

Documents say PetroSA’s board is divided on the assignment of blame for the continuous underperformance of crucial large capital projects

Telecoms & Technology

MTN chief ready to make tough calls

Mteto Nyati.  Picture: ROBERT TSHABALALA

New CEO wants to push costs down and build double-digit growth, writes Thabiso Mochiko

Property

Redefine seals deal to acquire Fountainhead Property Trust

Andrew Konig. Picture: MARTIN RHODES

Redefine Properties’ drawn-out battle to acquire Fountainhead Property Trust is over, with takeover deal receiving overwhelming approval from unit holders

Mining

De Beers moves to get over rough patch

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG

Diamond miner’s move is also to help the market unblock a congested manufacturing pipeline and low diamond jewellery sales this year

Opinion

Pearson chooses digital path with FT’s sale

Copies of the Financial Times newspaper sit in a rack at a newsstand in London, Britain, on Thursday.   Picture: REUTERS

Britain’s Financial Times faces new chapter in 127-year history after owner Pearson says it plans to sell paper to Japan’s Nikkei media group

Mining

Exxaro in BEE partner loan deal

Picture: THINKSTOCK

BEE shareholder Mainstreet 333 has to raise about R400m to avoid selling part of its stake or breaching finance agreements with lenders

Americas

Tobacco giant wins bid to halt payment

Picture: THINKSTOCK

Canadian appeal court rules British American Tobacco subsidiary Imperial Tobacco Canada and others will not have to make a preliminary deposit of C$1.13bn

Opinion

The best is still ahead for black accounting firms

Nonkululeko Gobodo. Picture: SUNDAY TIMES

Many black accounting firms are coming of age, with SizweNtsalubaGobodo and Ngubane & Company marking their 20th and 30th anniversaries. Yet growth spurt needed after at least 20 years in operation

Opinion

COMPANY COMMENT: Reinet; General Retailers Index

Picture: THINKSTOCK

Reinet continues to cut back on tobacco while J537 index has recorded positive growth every year since 2008 (bar 2013)

Mining

Infrasors sets buyout vote

Mine. Picture: SOWETAN

Industrial minerals miner calls general meeting to vote on Afrimat’s offer to buy out minority shareholders for R1.35 a share

Retail & Consumer

Africa and Latin America help lift SABMiller revenue

Picture: FINANCIAL MAIL

Analysts see emerging markets success story for SABMiller in volume and price growth

Telecoms & Technology

MTN Group stands to benefit from end of sanctions against Iran

A vendor holds cellphones and airtime cards at a stall operated by MTN in Kigali, Rwanda. The industry is growing in leaps and bounds across the continent. File picture: BLOOMBERG

As Iran, world powers come closer to approving deal that will begin process of lifting sanctions against Iran, some say MTN could see funds of up to $1.1bn repatriated into coffers

Industrials

ArcelorMittal considers closing some plants

Steel production. Picture: BLOOMBERG

Steel producer says sales volumes from refurbished Newcastle plant have not met expectations due to ‘surge in imports’

Mining

‘Solid’ quarterly results for South32

Picture: ARDBEL

Investors await full-year financial numbers for cost guidance and 2016 production targets

Energy

Documents in suspension battle reveal PetroSA’s financial disaster

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

Scale of financial disaster unfolding at state-owned petroleum company PetroSA publicly revealed for first time in court documents

Mining

Northam’s Booysendal mine returns to normal operations

Platinum. Picture: REUTERS

Northam Platinum mine returns to normal operations after disruptions caused by community protests around town of Steelpoort

Mining

Impairment charges to hit BHP’s underlying profit

BHP Billiton. Picture: BLOOMBERG

Global resources group warns it will incur charge to its full-year underlying profit mostly due to its copper business

Standard Bank

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