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Standard Bank joint CEO Sim Tshabalala.  Picture: FINANCIAL MAIL

Standard Bank growth fair when excluding global businesses

7 hour(s) ago

Global markets business shows headline loss of R3.8bn, of which R1.6bn was a result of fraud in China and R1.7bn partly due to volatile international markets

Healthcare

Aspen first-half basic earnings per share up 27% to 539.1c

A new blood thinner is looking much safer than conventional drugs to protect patients from heart attack and stroke. Picture: THINKSTOCK
6 hour(s) ago

Group says strong results achieved despite forex losses of R343m caused by the US dollar strengthening relative to the group’s major trading currencies

Mining

Exxaro swings to a loss on R5.76bn write down of its Congo mine

Picture: THE TIMES
8 hour(s) ago

Miner, however, reports a strong performance in SA at its coal business where revenue grew 21% to R3.3bn compared to 2013

Financial Services

‘Sound performance’ for Sanlam as it lifts annual dividend 13%

Picture: GALLO IMAGES/CHARLES GALLO
9 hour(s) ago

Company says diversified nature of group’s operations, together with the strength of the Sanlam brand, enabled it to withstand challenging financial challenges

Telecoms & Technology

MTN to spend R30bn on infrastructure upgrades

Sifiso Dabengwa. Picture: MARTIN RHODES
14 hour(s) ago

MTN will invest close to R30bn this year with the lion’s share set for Nigeria and SA as company targets 17.5-million new users

Financial Services

Standard Bank annual earnings flat

Standard Bank's new environmentally friendly building in Rosebank. Picture: MARTIN RHODES
9 hour(s) ago

Bank’s second-largest contributor to group earnings, the Corporate and Investment Bank division, saw headline earnings decline by 23%

Financial Services

MMI has R1bn for Africa acquisitions

MMI CEO Nicolaas Kruger. Picture: MARTIN RHODES
13 hour(s) ago

Group also looking for potential acquisitions in SA, possibly to build its short-term insurance business or to grow in the middle market

Media & Advertising

Battle for set-top box control heats up

Picture: THINKSTOCK
14 hour(s) ago

At issue is whether set-top boxes should have a built-in access control mechanism to protect free-to-air providers from piracy

Norbert Sasse,  CEO of Growthpoint. Picture: JEREMY GLYNN

Growthpoint CEO pleased with sustainable distribution

CEO Norbert Sasse says financial engineering undertaken by other funds unsustainable

Mining

Anglogold Ashanti may sell assets to cut debt

AngloGold Ashanti CEO Srinivasan Venkatakrishnan. Picture: MARTIN RHODES
14 hour(s) ago

CEO Srinivasan Venkatakrishnan says world’s third-largest gold producer plans to cut its net debt by $1bn

Mining

Mining sector ‘ripe for deals’

Picture: ARDBEL
14 hour(s) ago

Large swathes of the mining sector around the world are in financial difficulty, which could see ’significant quantities’ of distressed mining assets with low valuations

Cliffe Dekker Hofmeyr

What makes for a winning law firm in current economic conditions?

Brent Williams. Picture: Jasper Coetzee
15 day(s) ago

Awards, recognition of work of specialist lawyers, successful practice teams indicate Cliffe Dekker Hofmeyr remains on right track, writes Brent Williams

Featured partners

Opinion

COMPANY COMMENT: Business indicators; Glencore

Picture: THINKSTOCK

Company results over the past few weeks reflect the state of SA Inc, while Glencore takes a firm line upply discipline in its coal business


International companies


Americas

Apple to make larger iPad

Apple CEO Tim Cook holds up the new iPad Air during an Apple event in San Francisco last week. Picture: REUTERS
9 hour(s) ago

Apple suppliers have been told to start production of larger-screen iPad in second half of year as US tech giant wrestles with new designs for enterprise market

Americas

Tech companies add $69bn to offshore profits

Picture: REUTERS
11 hour(s) ago

Stockpiles offshore profits held in low-tax nations, writes Richard Rubin

Companies

General Electric CEO Jeff Immelt’s crude problem

General Electric CEO Jeffrey Immelt waves as he leaves after a meeting with France's President Francois Hollande to discuss the future of French engineering group Alstom at the Elysee Palace in Paris, France, in this April 28 2014 file photo.  Picture: REUTERS
1 day(s) ago

GE bet heavily on the energy boom but oil has since gone south, creating a gap for activist investors and forcing Immelt to defend his business decisions since empire-builder Jack Welch

Europe

Areva nuclear group announces €4.8bn loss

The headquarters of France's nuclear group Areva. Picture: AFP
1 day(s) ago

French nuclear group confirms record net losses in 2014 after it is forced to absorb costs linked to project delays

Picture: THINKSTOCK

Mukuru.com launches money transfers from SA to Botswana

UK-based online money transfer company launches money transfers from SA to Botswana in corridor that traditionally has been dominated by SA banks

Europe

Standard Chartered rules out share sale as profit plunges 25%

Standard Chartered.  Picture: REUTERS/BOBBY YIP
1 day(s) ago

Standard Chartered vows to cut costs and shrink its loan book in an effort to quell concerns about its capital strength

Americas

Fraud takes a bite out of Apple Pay

Picture: REUTERS
1 day(s) ago

Some banks witness growing incidence of fraud on Apple’s mobile-payment service as criminals exploit vulnerabilities

Tom Winterboer.  Picture: RUSSELL ROBERTS

African Bank’s spin-off ‘good bank’ could be set up by June

Curator can make offer to creditors owed R48bn only once Banks Act amendment is passed into law, possibly in April

Americas

Tinder takes swipe at generating revenue

Picture: THINKSTOCK
2 day(s) ago

Tinder launches premium service, its first effort to generate revenue, plans to introduce advertising by end March

Retail & Consumer

More Poco stores for Western Cape

Markus Jooste. Picture: FINANCIAL MAIL
14 hour(s) ago

Retailer’s expansion plans prompted by trial Strand outlet, which exceeds expectations

Europe

BAT eyes rest of Brazil’s Souza Cruz

Picture: THINKSTOCK
1 day(s) ago

The bid highlights the paucity of acquisition targets in the $783bn tobacco industry, says analyst

African Business

Bindura Nickel eyes smelter restart

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
1 day(s) ago

Bindura Nickel Corporation will restart smelter by December after raising $20m from five-year bond, says official

Asia-Pacific

Graft crackdown knocks Macau casino revenue

Picture:  AFP PHOTO/ FILES/PHILIPPE LOPEZ
1 day(s) ago

Gaming revenue almost halves as crackdown on corruption in China keeps high-stakes gamblers away

Retail & Consumer

Burger King banks on about 250 outlets

A Burger King outlet at Park Station in Johannesburg. Picture: THE TIMES
2 day(s) ago

Aggressive expansion has been held back by the various approvals required by the respective municipalities

Retail & Consumer

Cashbuild defies tough times

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

Earnings for six months ended December soar despite ‘difficult trading conditions’

Mining

Higher production boosts Merafe

The bill confirms the practice of allowing investors, including mining houses, to freely repatriate returns, subject to taxation and applicable legislation.  Picture:MARIANNE PRETORIUS
1 day(s) ago

Junior partner in SA chrome venture with Glencore posts improved annual results on the back of higher production

Industrials

Torre Industries declares a maiden dividend

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

Torre says this is an indication ‘of the confidence that the board has in the long-term ability of the group to sustain earnings and free cash flow’

Mining

Strong operational performance boosts RBPlat

Picture: THINKSTOCK
2 day(s) ago

But Royal Bafokeng Platinum warns production at Styldrift project has been pushed back by six months because of difficulties at shaft

Mining

Weaker commodity markets hit Glencore’s earnings

Picture: REUTERS
2 day(s) ago

Resources company says it has decided to curtail coal production at Optimum, some coal operations in Australia to align volumes, qualities with demand

Retail & Consumer

Cashbuild ‘positive’ about top line trading performance

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

Company reports 31% increase in interim operating profits ‘due to continued focus on margins within the competitive environment’

Industrials

Joffe doubts PIC will sell Adcock

Brian Joffe. Picture: MARTIN RHODES
2 day(s) ago

Industrial conglomerate lowers ambition of full takeover of Adcock Ingram following sharp rise in share price of struggling drug-maker

Financial Services

Santam unit MiWay eyes life insurance

Picture: SANTAM
2 day(s) ago

Less adverse weather last year compared to previous years also helped Santam generate better margins

Americas

GSK and Novartis seal swaps

A Novartis logo on its headquarters in Mumbai, India. Picture: REUTERS
2 day(s) ago

Companies complete a series of asset swaps worth more than $20bn that will ’reshape both drug makers’

Opinion

Mining compact ignores crucial players

Bafokeng mine. Picture: BLOOMBERG/NAASHON ZALK

Ignoring the concerns of mining community organisations is tantamount to signal jamming

Telecoms & Technology

Naspers aims to grow TV offering in Nigeria

Picture: SHELLEY CHRISTIANS
1 day(s) ago

Naspers broadcasts English Premier League soccer and international dramas in Africa through its MultiChoice unit

Retail & Consumer

Competition Commission approves Steinhoff takeover of Pepkor

Markus Jooste. Picture: FINANCIAL MAIL
1 day(s) ago

Commission says it has recommended that Competition Tribunal approve Steinhoff’s R62.8bn takeover of clothing retailer Pepkor, without conditions

Financial Services

STOCKWATCH: Capitec cashes in on African Bank’s misfortunes

Picture: THE TIMES
1 day(s) ago

Despite drifting lower on Wednesday, tightly held Capitec shares have surprised analysts over past six months with sharp upward trend, outperforming all bigger banks over period

Industrials

Torre’s first payout way ahead of expectations

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

Industrial services company has its detractors as small-cap companies that grow rapidly from acquisitions have often come unstuck

Industrials

Eqstra turnaround restores confidence of investors

Eqstra Holdings Interim Results with CEO Walter Hill in Sandton. Picture: MARTIN RHODES
1 day(s) ago

Shares rise nearly 20% after company reports its after-tax profit had risen 7.8% in its interim results to December

Financial Services

Barclays Africa eyes faster expansion

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

It has applied for a commercial banking licence in Nigeria and one for an insurance business in Kenya

Telecoms & Technology

MTN SA feels competitors’ heat as annual revenue declines

MTN. Picture: BLOOMBERG/NADINE HUTTON
1 day(s) ago

Network operator says it expects to build on positive momentum gained on revenue, subscriber additions in the second half of 2014

Opinion

THE LAST WORD: A sweet something for Steinhoff in JD deal

Investors should keep a watchful eye on Steinhoff for signs that it may overstep the traditional rules of a parent-child relationship

Opinion

COMPANY COMMENT: Discovery; Shoprite

CEO Adrian Gore addresses the media and analysts regarding Discovery's results in Sandton, Johannesburg, on Tuesday. Picture: MARTIN RHODES

Discovery intent on further growth while Shoprite’s CEO Whitey Basson says exclusivity clauses an agressive retail discounting

Industrials

Mpact says year ended December a ‘successful’ one despite challenges

Mpact CEO Bruce Strong at the company's listing on the JSE in July 2011.  Picture: MARTIN RHODES
1 day(s) ago

Mpact reports 11.9% rise in annual revenue to R8.6bn, with group ‘confident in strategy, well-established market positions and ability to generate shareholder returns’

Financial Services

MMI profits rise despite challenging conditions

Nicolaas Kruger, MMI Group CEO addresses the media and analysts in Sandton on Wednesday.
Picture: MARTIN RHODES
1 day(s) ago

Group reports 13% rise in interim operating profit to R1.5bn compared with year-earlier period, despite ‘economically challenging, highly competitive conditions’

Industrials

Toyota SA CEO Johan van Zyl appointed head of European operations

Picture: REUTERS
1 day(s) ago

Van Zyl will take on his added responsibilities on April 1, as president and CEO of Toyota Motors Europe, but will remain in charge of South African company and African region

Mining

Royal Bafokeng to raise R3bn debt for first phase at Styldrift

Royal Bafokeng Platinum CEO Steve Phiri. Picture: SUNDAY TIMES
1 day(s) ago

The R11bn Styldrift mine will be RBPlat’s second mine and the board recently approved advancing a definitive study into expanding the mine

Retail & Consumer

Pioneer goes into food partnership in Nigeria

Picture: THINKSTOCK
1 day(s) ago

ProNutro maker will pay $7m as it invests in a majority stake of newly formed company Food Concepts Pioneer

Retail & Consumer

Steinhoff is set for Frankfurt

Markus Jooste. Picture: FINANCIAL MAIL
1 day(s) ago

Steinhoff expects the competition authorities to approve its R62.8bn takeover of Pepkor within the next two week

Industrials

Eqstra shares surge after swinging into profit

Eqstra Holdings Interim Results with CEO Walter Hill in Sandton. Picture: MARTIN RHODES
2 day(s) ago

Leasing firm makes biggest intraday gain after announcing first-half profit due to cost cuts, closure of loss-making businesses

Mining

Khulubuse Zuma loses Aurora court bid

Controversial businessman and nephew of President Jacob Zuma, Khulubuse Zuma, arrives for his uncle's inauguration ceremony at the Union Buildings in Pretoria on Saturday. Picture: AFP PHOTO/POOL/MUJAHID SAFODIEN
2 day(s) ago

Urgent application by Khulubuse Zuma to have claims of more than R1.5bn against Aurora Empowerment Systems set aside is dismissed by High Court in Pretoria

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Standard Bank Standard Bank finals
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