• Wednesday, April 16 2014
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Picture: FINANCIAL MAIL

Cost-cutting, new stores boost Pick n Pay

21 hour(s) ago

Despite increasing financial pressure of consumers, the retailer posts a 7.7% rise in turnover amid turnaround strategy to regain market share

Land & Agriculture

Tribunal confirms commission’s ruling on Oceana-Foodcorp deal

Picture: THINKSTOCK
18 hour(s) ago

Fishing company Oceana and Foodcorp ordered to sell Foodcorp’s fishing rights along with Glenryck brand, as condition for approval of transaction

Media & Advertising

JSE clears Blackstar of alleged insider trading

Times Media Group CEO Andrew Bonamour.  Picture: PUXLEY MAKGATHO
18 hour(s) ago

Blackstar cleared by JSE after accusations it was involved in insider trading

Land & Agriculture

Competition Tribunal explains Afgri, AgriGroupe merger ruling

15 hour(s) ago

Decision to make deal with companies and government departments a precondition to merger was aimed at ‘allaying public interest concerns’

Telecoms & Technology

Datacentrix pleased with ‘robust position, sound balance sheet’

18 hour(s) ago

Technology company achieves ‘healthy revenue growth’ of 19% in challenging environment, and reports final dividend of 20.49c per share

Retail & Consumer

SABMiller shares down on release of financial results

SABMiller CEO Alan Clark
18 hour(s) ago

Global brewer says it has continued to deliver top-line growth despite a slowdown in net producer revenue growth and a number of headwinds

Telecoms & Technology

Business Connexion up more than 5% on interim results

Business Connexion CEO Benjamin Mophatlane. Picture: FINANCIAL MAIL
18 hour(s) ago

Markets react positively to information technology group’s financial results which were boosted by ‘pleasing’ performance by the group’s service’s division

Mining

Sibanye stalks platinum assets as gold dwindles

Sibanye Gold CEO Neal Froneman. Picture: MARTIN RHODES
1 day(s) ago

CEO says miner hopes to expand its portfolio by the end of this year

Telecoms & Technology

Nashua Mobile sells back subscribers

Picture: THINKSTOCK
1 day(s) ago

Reunert rallies as subsidiary plans to return clients to Vodacom, MTN

Growthpoint Properties' headquarters in Sandton. Picture: FINANCIAL MAIL

Growthpoint eyes Acucap, Sycom stakes

Property group targets bigger share in planned merged entity

Retail & Consumer

Steinhoff ‘may relocate from SA’

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

Company is exploring moving its home base from South Africa to Germany to be closer to its biggest markets

Retail & Consumer

SAB’s soft drinks unit aims to cut 400 staff

Picture: SHAUN HARRIS
1 day(s) ago

SAB says about 1,300 section 189 letters have been issued to management and frontline workers at Amalgamated Beverage Industries

Mining

Aquarius bond-buyback plan finds favour

Aquarius Platinum CEO Jean Nel
1 day(s) ago

Move answers long-standing question of repayment strategy, writes Andre Janse van Vuuren

Opinion

IN THE MARKETS: Cutifani being diplomatic about Rustenburg mines

Anglo American CEO Mark Cutifani is clutching at straws with his comments on operations in Rustenburg

Opinion

COMPANY COMMENT: Redefine Properties; Namec

Redefine Properties International CEO Mike Watters. Picture: FINANCIAL MAIL

Redefine merger talk recalls bidding war, while the National Association of Manufacturers in Electronic Components is set to manufacture digital television decoders at Dube TradePort


International companies


Europe

Peugeot falls on recovery strategy

1 day(s) ago

French automotive group, fighting to recover from crisis with new Chinese shareholder, presents a global recovery strategy

World

In-flight Wi-Fi to become the norm for airlines

HIGH FLYER: A passenger uses a wireless tablet on an American Airlines airplane equipped with Gogo Inflight internet service. Picture: REUTERS
1 day(s) ago

Choosing the right system in which to invest is a major decision, write Alwyn Scott and Victoria Bryan

An offshore oil platform near Angola. Picture: THINKSTOCK

Total agrees to $16bn Angola offshore project

Total to go ahead with Angola offshore Kaombo oil project after reducing cost to $16bn, an advance that could help the country keep up oil production over the long run
Picture: REUTERS

State cracks whip on waste disposal firms

At least three firms are under investigation or face penalties for violations including fraud and operating illegal facilities

Mining

Anglo seeks buyer for Rustenburg operations

Anglo American CEO Mark Cutifani. Picture: MARTIN RHODES
2 day(s) ago

Plans to concentrate on opencast platinum mine at Mogalakwena

Industrials

Africa’s builders benefit from broadening economies, says Group Five’s Upton

Group Five CEO Mike Upton. Picture: FINANCIAL MAIL
1 day(s) ago

Construction firms moving beyond mainstay mining work as rising wealth and urbanisation spark demand for shopping centres and better roads

Opinion

ON THE MONEY: Investor diversity on the JSE would aid capital raising for risky ventures

Treasury thinks private investors will make bad decisions if they invested without an asset manager

Opinion

COMPANY COMMENT: Coal of Africa; SA platinum industry

Coal of Africa CEO David Brown. Picture: ROBERT TSHABALALA

Investec gives CoAL a qualified backing, while SA’s platinum industry has fundamental issues to deal with beyond the three-month strike at mines around Rustenburg

Financial Services

Investec expects to repatriate $600m to UK after Australian unit sale

Investec CEO Stephen Koseff. Picture: SUNDAY TIMES
2 day(s) ago

Sale and restructuring of the businesses means Investec will no longer have banking operations in Australia

Retail & Consumer

Changing of the guard at retail giant Massmart

Massmart CEO Grant Pattison. Picture: FINANCIAL MAIL
2 day(s) ago

CEO Pattison cites mostly ‘selfish reasons’ for decision to resign

Mining

A tenacious survivor in tricky Barberton

 Michael McChesney, CEO of Vantage Gold Fields
2 day(s) ago

Vantage Gold Fields is counting on lower costs to succeed where others have failed, writes Brendan Ryan

Media & Advertising

TMG buys into Kenya media group for R195m

Times Media Group CEO Andrew Bonamour. Picture: BUSINESS DAY
2 day(s) ago

Deal gives Times Media Group exposure to television, radio and newspaper assets in East Africa’s largest economy

Telecoms & Technology

Nashua Mobile to dispose of its MTN and Vodacom subscriber bases

Picture: THINKSTOCK
1 day(s) ago

SA’s largest telecoms companies Vodacom and MTN are set to spend R2.2bn in a buy-out deal of subscribers signed with Nashua Mobile

Retail & Consumer

Woolworths’ top-secret mission down under

Woolworths CEO Ian Moir. Picture: FINANCIAL MAIL
2 day(s) ago

Woolworths adopted code names to keep David Jones deal from prying eyes, writes Adele Shevel

Industrials

Strategy shift planned at Murray & Roberts

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

Murray & Roberts says it might be time for it to cut its exposure to civil construction work

Retail & Consumer

SAB stalwart on how Miller got its froth back

Norman Adami, chairman of SAB. Picture: SYDNEY SESHIBEDI
2 day(s) ago

Norman Adami, retiring after 35 years with SAB, looks back on his career at the brewer

Retail & Consumer

Cotton On leads the way in Australian retail clothing invasion

2 day(s) ago

Australian retailers have expanded at a voracious rate in SA, and top of the list is Cotton On

Telecoms & Technology

Will Telkom’s turnaround work?

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
2 day(s) ago

It seems Telkom CEO Sipho Maseko has let slip its turnaround strategy — but the big question is whether it can work

Mining

JSE debutant Tharisa banks on new technology

Tharisa CEO Phoevos Pouroulis at the JSE on Thursday. Picture: RUSSELL ROBERTS
5 day(s) ago

Platinum group metals firm seeks new way to produce chrome alloys

Mining

De Beers investigates SA sales, pricing leaks

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG
5 day(s) ago

De Beers launches investigations into how secret documents on the pricing and details of diamond sales in South Africa were leaked into the market

Financial Services

Derivatives trading unit boosts Purple revenue

5 day(s) ago

Purple Group increases revenue 35% to R48.9m in the six months ended February

Financial Services

Standard Bank Group stock surge may have peaked

5 day(s) ago

Standard Bank Group shares at risk of pausing after surging to record in its best monthly gain since December 2012, says RMB Morgan Stanley

Mining

Trans Hex sees rough diamond momentum

Trans Hex CEO Llewellyn Delport. Picture: FINANCIAL MAIL
1 day(s) ago

Group reports strong diamond sales from March tender

Financial Services

Musa, Swiss partner to help SMEs in healthcare

1 day(s) ago

Musa Capital the partner in investment fund that plans to develop SMEs providing health services to the poor in African countries

Mining

Metal-hungry China buys Glencore Xstrata copper mine for $6bn

Glencore Xstrata CEO Ivan Glasenberg. Picture: REUTERS
1 day(s) ago

Chinese consortium buys Las Bambas copper mine in Peru from Glencore Xstrata in China’s biggest acquisition of a mine

Property

Resilient announces R1bn rights offer

Resilient Property Income Fund CEO Des de Beer. Picture: FINANCIAL MAIL
1 day(s) ago

Diversified property group says proceeds from rights offer likely to be used to finance pipeline of acquisitions, developments, strategic opportunities

Industrials

Cashbuild falls nearly 10% in April

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

Shares in mass retailer of building materials have fallen 9.71% so far in April, in period of ‘tough trading conditions’

Companies

JSE’s brand undergoes modern makeover

Picture: BUSINESS DAY
2 day(s) ago

The JSE has launched a new brand, logo and website to give it a more modern, accessible and African appearance

Companies

International operations carry Phumelela

Phumelela CEO Rian du Plessis. Picture: RUSSELL ROBERTS
2 day(s) ago

Gaming group pulls off profitable finish to half-year to end January thanks to convincing growth dash by offshore operations

Financial Services

Standard Bank to broaden affordable housing loans

Picture: SUNDAY TIMES
2 day(s) ago

Bank sets itself target of additional R6bn in affordable housing loans by end of next year

Retail & Consumer

Walmart’s bet on Massmart misses the spot

POWER CENTRES: Massmart CEO Grant Pattison delivers the company’s annual results in Johannesburg on Thursday. Picture: RUSSELL ROBERTS
2 day(s) ago

R16.5bn deal has failed to generate returns expected or necessary to justify steep R148/share that Walmart forked out

Companies

Sol Kerzner quits, but you haven’t heard the last of him

Sol Kerzner. Picture: THE TIMES
2 day(s) ago

Sol Kerzner is not retiring, even though the 78-year-old hotel magnate has sold out of the group that made him a global powerhouse

Retail & Consumer

Massmart CEO to ride off into the sunset

Massmart CEO Grant Pattison. Picture: BUSINESS DAY
2 day(s) ago

Grant Pattison says he wants a fresh challenge in an entirely new industry

Retail & Consumer

Woolworths’ Moir is a continental commuter

2 day(s) ago

There is something intrinsically street smart about Woolworths boss Ian Moir

Financial Services

Sasfin Bank on the prowl for wealthy individuals to boost profile

Sasfin CEO Roland Sassoon. Picture: FINANCIAL MAIL
2 day(s) ago

Roland Sassoon, Sasfin Holdings CEO, aims to lure more high-income clients with a new suite of products

Retail & Consumer

Goldman Sachs upgrades Truworths

2 day(s) ago

Could retail stocks be finding their way back onto the buyers’ list of investment banks?

Industrials

Questions linger over WBHO collusion

Competition Tribunal chairman Norman Manoim. Picture: BUSINESS DAY
5 day(s) ago

Possible further layer of deceit in tender for Sishen-Saldanha railway line upgrades

Financial Services

Investec sells Australian business

Investec. Picture: MARTIN RHODES
5 day(s) ago

Investec sells Australian professional finance, asset finance and leasing businesses to Bank of Queensland for $440m

Financial Services

French bank BNP Paribas to buy out RCS in SA

Peter Schlebusch, Standard Bank group head of personal and business banking. Picture: FINANCIAL MAIL
5 day(s) ago

BNP Paribas Personal Finance to buy 100% of RCS, a retail credit card and loan provider owned by Foschini and Standard Bank, in R2.6bn deal

Retail & Consumer

Taste soars up to 17% on Domino’s Pizza rights

Taste Holdings CEO Carlo Gonzaga
5 day(s) ago

Taste Holdings shares up as much as 17% as it secures exclusive master franchise rights to bring global Domino’s Pizza brand to SA

Retail & Consumer

Pattison resigns as Massmart CEO

Massmart CEO Grant Pattison. Picture: FINANCIAL MAIL
4 day(s) ago

Guy Hayward to succeed Grant Pattison, while Kuseni Dlamini will take the place of chairman Mark Lamberti

Industrials

SA share of Toyota world recall is 100,000 cars

Picture: REUTERS
5 day(s) ago

More than 100,000 local Toyota owners may need to get vehicles checked as part of Japanese car manufacturer’s global recall of 6-million vehicles

Opinion

COMPANY COMMENT: Vunani; Poynting

Poynting CEO Andre Fourie.  Picture: FINANCIAL MAIL

Vunani looks serious about spreading its wings in Africa outside South Africa. It has announced it had signed a co-operation agreement with Nigerian investment banking group BGL

Opinion

COMPANY COMMENT: Aquarius Platinum; SABMiller

Aquarius Platinum CEO Jean Nel

A difficult choice for Aquarius Platinum will bring relief, while consolidation of SABMiller operations indicates dilution of South Africa as group’s original home

 
All Share 47789.760.00% same
Top 40 42905.650.00% same
Financial 15 13461.070.00% same
Industrial 25 54300.020.00% same
Resource 10 55963.010.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
FTSE 100 6541.610.00% same
Dow Jones 16262.560.00% same
All Share 47789.760.00% same
ASX 5412.600.60% up
S&P 500 1842.9800.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
USD/ZAR 10.5491-0.01% down
GBP/ZAR 17.65800.05% up
EUR/ZAR 14.58300.04% up
JPY/ZAR 0.1032-0.39% down
AUD/ZAR 9.87650.07% up
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
Gold 1301.8150-0.06% down
Platinum 1438.20000.08% up
Silver 19.5425-0.04% down
Palladium 793.25000.54% up
Brent Crude Oil 109.190-0.16% down
All data is delayed by 15 min.
Data supplied by I-Net Bridge

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  • All Share : 47789.76
    Change: 0.00%
    Top 40 : 42905.65
    Change: 0.00%
    Financial 15 : 13461.07
    Change: 0.00%
    Industrial 25 : 54300.02
    Change: 0.00%
    Resource 10 : 55963.01
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • FTSE 100 : 6541.61
    Change: 0.00%
    Dow Jones : 16262.56
    Change: 0.00%
    Hang Seng : 22706.18
    Change: 0.15%
    ASX : 5412.60
    Change: 0.60%
    S&P 500 : 1842.980
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • ZAR/USD : 10.5491
    Change: -0.01%
    ZAR/GBP : 17.6580
    Change: 0.05%
    ZAR/EUR : 14.5830
    Change: 0.04%
    ZAR/JPY : 0.1032
    Change: -0.39%
    ZAR/AUD : 9.8765
    Change: 0.07%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • Gold : 1301.3550
    Change: -0.10%
    Platinum : 1438.0000
    Change: 0.07%
    Silver : 19.5275
    Change: -0.12%
    Palladium : 793.0000
    Change: 0.51%
    Brent Crude Oil : 109.340
    Change: -0.02%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
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