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Neal Froneman. Picture: MARTIN RHODES

Sibanye Gold to boost capex 10% this year

7 hour(s) ago

This is despite the mining company’s rivals cutting costs and reducing capital

Retail & Consumer

Lewis revenue for last nine months up 4%

Picture: THINKSTOCK
6 hour(s) ago

This is an improvement on revenue growth of 1.6% and merchandise sales decline of 3.5% reported for six months ended September 2014

Companies

PPC’s new board has work cut out

PPC chairman Bheki Sibiya gestures at the group’s annual general meeting in Sandton on Monday. The position of chairman faces a vote on Tuesday. Picture: MARTIN RHODES
12 hour(s) ago

PPC’s newly constituted board will have to work fast to arrest cement maker’s decline in market value and repair dented public image

Financial Services

Diversified portfolio on cards for Reinet

Richemont executive chairman and CEO Johann Rupert. Picture: SUNDAY TIMES
12 hour(s) ago

For first time Reinet provides a rand-based update of net asset value, stating this figure at R65bn as at end of last month

Transport & Tourism

Bidvest and Budget sever ties

Picture: THINKSTOCK
11 hour(s) ago

From next month, its vehicle hire business will trade as Bidvest Car Rental

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

Sappi seeks more product from every tree

The paper company will build a pilot plant to produce high-strength nanocellulose, writes Nick Hedley

Opinion

COMPANY COMMENT: Shaft Sinkers; Tribunal delays

Picture: THINKSTOCK

Shaft Sinkers’ local branch needs lifeline, while the wheels of justice can grind extremely slowly and with much complexity in the competition arena


International companies


Europe

Aer Lingus mulls new €1.36bn takeover offer from BA owner

An Aer Lingus cabin crew boards a flight. The Irish government, which holds 25.1% of the airline, is facing mounting political pressure not to sell. Picture: AFP PHOTO / PETER MUHLY
11 hour(s) ago

Successful takeover will give airline more of highly valuable but scarce take-off and landing slots at London Heathrow

Industrials

Stimulus plan puts bonds in the limelight

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

Quantitative easing in Europe will make Sappi’s debt more enticing, ways analyst

Picture: REUTERS

Facebook denies hacker group was responsible for outage

Users unable to log on to Facebook and Instagram for about an hour on Tuesday morning
Picture: THINKSTOCK

Investec sees sparkle in diamond miners

There appears to be increased industry discipline, meaning no headlong rush into expansionary projects, say analysts

Retail & Consumer

Fuel-hedging strategy sees AVI profit curbed

Picture: REUTERS
1 day(s) ago

AVI uses fuel oil swaps for hedging purposes, so as to manage a portion of its exposure

Financial Services

Mergence plans to expand ‘impact’ investments to R2bn

Picture: THINKSTOCK
1 day(s) ago

Impact investing combines a social purpose, such as addressing environmental, social or governance concerns, while making competitive returns

Business Times

No ordinary windfall for Mr Price brass

Picture: MICHAEL ETTERSHANK
2 day(s) ago

Two founding directors of clothing retailer agree with analysts who believe company's high share price is not sustainable

Business Times Feed

Reserve Bank lashes fuel 'Ponzi'

Picture: THINKSTOCK
2 day(s) ago

Banking registrar warns Carmol's auditors over 'misleading' claims

Business Times

Chinese hot for CRG's mine of broken promises

Central Rand Gold CEO Johan du Toit. Picture: FINANCIAL MAIL
2 day(s) ago

Three potential buyers are preparing to bid for South African gold company

Business Times

Biotech gems: a needle in a Heystek

Picture: THINKSTOCK
2 day(s) ago

Biotechnology sits at very edge of scientific envelope and backing this kind of research and development with your own money is not for fainthearted

Opinion

ON THE MONEY: Problem is not the top 1% of society

Debate has nothing to do with top 1%, but rather with what, practically, would achieve outcomes we want against poverty, writes Stuart Theobald

Healthcare

Life Healthcare to take on commission

Picture: FINANCIAL MAIL
12 hour(s) ago

Commission says merger will result in Lowveld increasing its prices if it becomes part of Life

World

Axis Capital and PartnerRe to merge

Picture: THINKSTOCK
11 hour(s) ago

Axis Capital CE Albert A Benchimol will serve as CEO, with seven Axis Capital directors and seven PartnerRe directors

Industrials

PPC’s earnings hit by weak trading environment

Picture: THINKSTOCK
1 day(s) ago

Cement company expects earnings for first half of 2015 to decline due to weak trading environment, one-off tax credit last financial year and increased finance costs

Telecoms & Technology

Cell C allots R2.4bn for 4G expansion

Jose dos Santos. Picture: PUXLEY MAKGATHO
1 day(s) ago

Cell C’s clients in many areas, especially in Gauteng, complain about the network’s poor quality

Mining

Amplats warns of earnings plunge

Picture: SUNDAY TIMES
1 day(s) ago

Miner warns it expects its headline earnings for the year to December to be about half those for the same period in 2013

Industrials

PPC takes first step to ending board uncertainty

Darryll Castle
1 day(s) ago

PPC shareholders will pick six new board members from a reduced list of 10 nominees at the cement maker’s annual general meeting

Opinion

AB Inbev licking its lips over SABMiller

Picture: FINANCIAL MAIL

Every set of results from SABMiller must remind shareholders just how much of an emerging-market player the group is

Opinion

ON THE MONEY: Profit shifting is all about the people

We should aim to improve net flow into SA and not fret about outflow alone, writes Stuart Theobald

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