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Picture: THINKSTOCK

No smooth sailing yet for new CIPC website, online systems

1 hour(s) ago

Launch of new Companies and Intellectual Property Commission website and online transactions services has not been without glitches

Property

Attacq grows net asset value per share 24% in first year on JSE

Attacq CEO Morné Wilken. Picture: ARNOLD PRONTO
50 minute(s) ago

CEO says group benefited from diverse investment portfolio, which includes stake in Europe-focused MAS Real Estate and indirect stake in African Land

Telecoms & Technology

Vodacom voices concern at Icasa’s new rate

Picture: MARTIN RHODES
11 hour(s) ago

Mobile phone network operator says it’s concerned about mobile termination rates published by the Icasa, which unfairly favours ‘certain companies’

Industrials

Bullish Astrapak approaches end of restructuring process

Picture: THINKSTOCK
10 hour(s) ago

Costs to rationalise the business have been offset by sale of properties and other assets

Mining

CoAL poised to ‘exploit resource base’

Coal of Africa chairman David Brown. Picture: FINANCIAL MAIL
4 hour(s) ago

Coal of Africa says during past financial year company has made great progress in resolving legacy issues that prevented it from creating value

BusinessDay

Accéntuate remains upbeat as strikes hit performance

Accentuate CEO Fred Platt.  Picture: FINANCIAL MAIL
8 hour(s) ago

Results send infrastructure supplies group share price down 12.28%, or 7c, to 50c

Healthcare

Advanced Health plans three hospitals a year

Picture: THINKSTOCK
8 hour(s) ago

Recently listed private healthcare company hoping to have 20 day hospitals in SA in the medium term

Healthcare

Ascendis clinches R1bn debt refinance package

Ascendis CEO Karsten Wellner. Picture: TREVOR SAMSON
8 hour(s) ago

Acquisitive healthcare conglomerate confirms long-awaited R1bn debt refinance and growth-funding package

Industrials

Evraz reports first-half net loss of R302m as steel sales fall

Picture: THINKSTOCK
23 hour(s) ago

Evraz Highveld Steel and Vanadium reports net loss of R302m for six months ended June 30 2014 from loss of R10m at same time a year ago

Capitec CEO Gerrie Fourie

Capitec targets credit card, insurance market entry

Bank always looking for opportunities to diversify its business but is not exploring secured credit

Mining

Amplats financial director Nqwababa resigns to join Sasol

Bongani Nqwababa. Picture: MARTIN RHODES
9 hour(s) ago

Bongani Nqwababa, whose resignation takes effect from March next year, will join Sasol as new chief financial officer and executive director

Telecoms & Technology

DigiCore’s diluted headline earnings per share slip

server technology Picture: THINKSTOCK
21 hour(s) ago

No final dividend as board keeps cash for future growth

Opinion

COMPANY COMMENT: Accéntuate; PPC

PPC CEO Ketso Gordhan. Picture: FINANCIAL MAIL

Economy weighs down Accéntuate, while Ketso Gordhan continues to grab headlines

Opinion

Branson’s big holiday offer will benefit Virgin more than staff

New unlimited leave policy Richard Branson offers is not as rosy as it sounds, writes Lucy Kellaway

Industrials

Bowler Metcalf increases diluted headline earnings per share 11%

Bowler Metcalf CEO Friedel Sass. Picture: FINANCIAL MAIL
21 hour(s) ago

The plastics packaging specialist says the results were good in a year of mixed fortunes

Financial Services

Investors face a long wait for Abil resolution

Picture: MICHAEL ETTERSHANK
1 day(s) ago

Update issued on African Bank says senior unsecured debt holders, subordinated debt holders should form committees to work with curator


International companies


Europe

Allianz not reeling in subsidiary Pimco

Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO). Picture: REUTERS/JIM YOUNG
12 hour(s) ago

German insurer says it has no plans to increase oversight of Pimco after shock departure of co-founder sent shares in the parent tumbling

Europe

Watchdog to clarify Apple and Fiat tax probes

Picture: REUTERS
12 hour(s) ago

European Union regulators will provide more details on the launch of in-depth inquiries into Ireland and Luxembourg’s respective tax arrangements with Apple and Fiat

Europe

LVMH’s Tag Heuer unit faces job cuts

Picture: REUTERS
12 hour(s) ago

Swiss watch market growing at a slower pace than expected, leading to output and job cuts at Tag Heuer

Americas

CEO says Pimco ready for new leadership model

Douglas Hodge, CEO of Pimco, speaks at the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York, in this file picture. Picture: BLOOMBERG
12 hour(s) ago

Pimco moving away from founder-led model and $2-trillion asset manager’s flagship fund ‘does not define Pimco’

Picture: REUTERS

Greenberg’s battle over AIG bail-out begins

Investor says rescue of insurer trampled rights, write Andrew Zajac, Patrick G Lee and David Voreacos

Europe

Lloyds sacks staff over Libor scandal

DISPUTE: Pedestrians pass the entrance to a Lloyds TSB bank branch, part of the Lloyds Banking Group, in London. Picture: REUTERS
12 hour(s) ago

Banking group dismisses eight employees and reclaims bonuses after fine of £226m for rigging benchmark interest rates

Europe

UBS braces for fines

Pedestrians wait to cross a road outside a branch of UBS bank branch in Zurich, Switzerland, in this file picture. Picture: BLOOMBERG
12 hour(s) ago

Swiss bank faces new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates

BID: A worker attaches cables to a turbine unit during assembly inside the GE Power and Water plant, operated by General Electric in Veresegyház, Hungary. Picture: BLOOMBERG

GE eyes expansion of healthcare and energy operations in SA

While GE’s other business units include mining, water, and oil and gas products, its biggest focus in SA is transport

Mining

Perfect storm forming around beleaguered platinum miner Lonmin

A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERS
4 day(s) ago

Lonmin is reviewing its business after a five-month strike that shut its mines in the first half of this year

Europe

Doors open as Antwerp Diamond Bank closes

Picture: THINKSTOCK
4 day(s) ago

De Beers says plans to wind down Antwerp Diamond Bank will create opportunities for other lenders in the $15bn gem-finance market

Europe

Lloyds Bank sells further 11.5% stake in TSB

Picture: CHRIS RATCLIFFE
4 day(s) ago

Demand for the shares outstripped number available several times over, enabling Lloyds to sell the shares to mainly long-term investors

Financial Services

Pimco co-operating with SEC probe of fund’s asset pricing

Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO). Picture: REUTERS/JIM YOUNG
5 day(s) ago

The probe is the latest hurdle for the company that is dealing with record redemptions at its main mutual fund and negative publicity following the departure of its former CEO

Business Times

AngloGold unfazed by flop, says Pityana

Sipho Pityana. Picture: ROBERT TSHABALALA
2 day(s) ago

Chair spins shareholders' rejection of proposed split as positive feedback and a vindication of leadership

Healthcare

Swiss firm buys SA community chemists

Picture: THINKSTOCK
4 day(s) ago

Shogun Holdings und Finanz has acquired a majority stake in Alpha Pharm, a group of about 900 independent pharmacies

Retail & Consumer

Lewis’s debtors’ book outperforms peers

Picture: THINKSTOCK
4 day(s) ago

Lewis Group’s liquidity has strengthened over the past year due to the initiation of its listed debt programme

Mining

Miranda share trade suspended

CoAL CEO John Wallington. Picture: FINANCIAL MAIL
5 day(s) ago

The company is ’financially distressed’ and ’has effectively ceased to do business’

Mining

Lonmin denies tax evasion claims

6 day(s) ago

Company says financials have always been properly audited and has always met with South African tax compliance requirements

Media & Advertising

Times Media Group swings back into profit

Times Media Group. Picture: MARTIN RHODES
7 day(s) ago

Media company says core operations performed satisfactorily in difficult environment as it focused on costs, efficiencies, growth, market share

African Business

Transnet opens Maputo joint centre

Picture: THINKSTOCK
7 day(s) ago

Transnet and port and rail operators in Swaziland and Mozambique unveil Maputo Corridor joint operating centre, company says

Americas

BlackBerry set to launch Passport as turnaround enters critical phase

6 day(s) ago

BlackBerry is set to launch an unconventional new smartphone dubbed the Passport

Industrials

Electronics giant Philips to split in historic move

Philips CEO Frans van Houten. Picture: REUTERS
7 day(s) ago

Philips will split company in two, separating its healthcare-lifestyle division from lighting business in dramatic streamlining move

Europe

Siemens to buy Dresser-Rand to tap US shale gas boom

A street sign is pictured in front of a factory with the logo of Siemens AG company in Berlin in this October 9, 2012 file photo.  Picture: REUTERS
8 day(s) ago

Germany’s Siemens agrees to buy US oilfield equipment maker Dresser-Rand for $7.6bn in cash, aiming to catch up with arch-rival General Electric

Business

SA streamlines company registration procedures, MPs hear

Picture: THINKSTOCK
7 day(s) ago

CIPC making strong gains in improving efficiency as it moves towards a paperless, electronic system of dealing with transactions

Financial Services

Net1 credit unit’s future threatened

Net1 UEPS chairman and CEO Serge Belamant.  Picture: ROBERT BOTHA
7 day(s) ago

Net1 threatened with the loss of its registration and the ability to operate because of its alleged breach of the National Credit Act

Telecoms & Technology

DiData in two deals to increase internet connectivity

Picture: THINKSTOCK
7 day(s) ago

Dimension Data and MultiChoice will launch a new company called WirelessCo that will build an open-access WiFi network

Mining

Village to open sales process for platinum

Village Main Reef CEO Ferdi Dippenaar. Picture: FINANCIAL MAIL
8 day(s) ago

Miner to be left with one gold mine but is looking at opportunities

Financial Services

Koseff wants SA to be more ‘investor friendly’

Investec CEO Stephen Koseff addresses investors at a briefing in Sandton on Tuesday. Picture: MARTIN RHODES
8 day(s) ago

SA should work harder at creating a more welcoming environment for investors if unemployment is to be reduced and society developed, says Investec CEO

Opinion & Analysis

Acsa could put Eskom on the right path

OR Tambo International Airport in Johannesburg. Picture: ACSA
8 day(s) ago

An initial public offering of even a non-controlling share would help to establish its value to its shareholders, writes Brian Kantor

Opinion

It's square, but the suits should like it

There's no question people will find the phone weird at first, writes Arthur Goldstuck, but all it needs is niche acceptance to be a success

Media & Advertising

Blackstar slashes debt to R77.6m

Times Media Group. Picture: MARTIN RHODES
1 day(s) ago

Investment group says it raised funds from the cashflows of Robor, where it owns a 17.5% stake

Industrials

Gordhan set for fight over PPC leadership

Ketso Gordhan. Picture: ARNOLD PRONTO
1 day(s) ago

Ketso Gordhan, who resigned as CEO of PPC, is gearing up for a battle for his reinstatement, lining up a series of meetings this week with shareholders to build support

Mining

Exxaro plans R16bn Waterberg investment

Picture: THINKSTOCK
1 day(s) ago

Coal and iron-ore company Exxaro to raise exports and add higher-value products

Industrials

Bowler Metcalf to merge soft-drink bottlers

Bowler Metcalf CEO Friedel Sass. Picture: FINANCIAL MAIL
1 day(s) ago

After months of rumour-mongering, company confirms it will pour Quality Beverages, maker of Jive brand, into new and bigger offering

Opinion

Cell giants own a cow, others enjoy the cream

The thinking by large mobile operators that expansion, with cost cutting and efficiency programmes, will continue to generate large profits may be expecting too much, writes Duncan McLeod

Opinion

Class-action storm brewing on the horizon

Picture: FINANCIAL MAIL

With murmurs of a class action being launched over African Bank, it seems the mechanism is increasingly considered to obtain recourse for aggrieved consumers, writes Lerato Zikalala

Industrials

Aveng to sell SA property to raise cash

Picture: BUSINESS DAY
1 day(s) ago

Construction and engineering firm will raise R1.4bn through sale of New Zealand-based Electrix business, and also intends selling majority of its SA property portfolio

Business Times

Nuclear deal with Russia 'not only up to Zuma', says Sipho Pityana

Picture: THINKSTOCK
2 day(s) ago

There is no need to panic about a secret nuclear energy deal President Jacob Zuma may or may not have signed with the Russians, says AngloGold Ashanti chairman

Business Times

Boycott a 'buycott' for Dis-Chem

Ivan Saltzman. Picture: RUSSELL ROBERTS
2 day(s) ago

CEO of Dis-Chem says campaign to stop retailers selling products from Israel has been unsuccessful and has instead boosted sales

Business Times

Altron's shares take a beating

Picture: THINKSTOCK
2 day(s) ago

Investors dump Altron shares after disappointing trading update for six months to August dashed hopes of higher full-year earnings

Media & Advertising

Analyst expects more cuts at TMG

Times Media Group and Blackstar director Andrew Bonamour. Picture: SOWETAN/SUNDAY WORLD
4 day(s) ago

AlphaWealth fund manager Keith Mclachlan says Times Media Group’s results to end-June look reasonable but revenue is disappointing

Mining

Rockwell may look at old diamond deposits

Rockwell Diamonds CEO James Campbell. Picture: FINANCIAL MAIL
4 day(s) ago

Rockwell Diamonds CEO says a number of older, mothballed diamond deposits could be revisited if rough diamond prices increase

Energy

Rosatom announces SA nuclear power deal

Picture: THINKSTOCK
7 day(s) ago

Rosatom says agreement had been signed in Vienna with Tina Joemat-Pettersson for large-scale nuclear power plant development in SA, amid scepticism as Zuma stays silent

Mining

Rockwell lifts sales with output boost

Rockwell Diamonds CEO James Campbell. Picture: FINANCIAL MAIL
7 day(s) ago

Rockwell Diamonds increases production by 6% to 3,764 carats in the three months to end-August

Financial Services

Net1 shares slide on threat of action against unit

Social Development Minister Bathabile Dlamini. Picture: TREVOR SAMSON
7 day(s) ago

Net1 UEPS Technologies takes beating in early trade on JSE on news National Consumer Tribunal has been asked to cancel registration of Moneyline Financial Services

Industrials

Gordhan’s shock departure from PPC sparks fear for African plans

Ketso Gordhan. Picture: MARTIN RHODES
7 day(s) ago

Ketso Gordhan resigns due to differences of opinion with the board, regarding board procedures for the approval of certain decisions, says PPC

Mining

BHP opts for a London listing after all

BHP Billiton CEO Andrew Mackenzie.  Picture: REUTERS
5 day(s) ago

The decision marks the latest management U-turn in an industry that is having to respond to rising shareholder activism

Property

Investec Australia fund rights issue eyes R1.2bn

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

Investec Australia Property Fund’s share price jumps as much as 7.8% to an intraday high of R12.29

Mining

Pallinghurst sits tight on dividends

Pallinghurst chairman Brian Gilbertson. Picture: SOWETAN
7 day(s) ago

Money being ploughed back into businesses but shareholders will be paid ‘in chunks’

Mining

Coal of Africa leaps on sale of Mooiplaats to Blackspear

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

But share price has halved over past year, reflecting company’s constrained financial position and weak global coal prices

Companies

Clients vote for Standard as SA’s top retail stockbroker

WINNER: Standard Online Share Trading head Brett Duncan, centre, flanked by Financial Mail deputy editor Ron Derby, left, and Intellidex MD Stuart Theobald at the awards luncheon on Monday. Picture: CHRIS WESSELS
7 day(s) ago

Standard Online Share Trading wins the overall award for best stockbroker, and the ‘people’s choice’ award

Industrials

PPC CEO and executive director Ketan Gordhan resigns

Ketso Gordhan. Picture: MARTIN RHODES
8 day(s) ago

Stock prices take a knock as Ketan Gordhan resigns with immediate effect due to ‘differences of opinion with board’

 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6632.42-0.21% down
Dow Jones 17142.880.42% up
All Share 49336.31-0.07% down
ASX 5296.800.00% same
S&P 500 1983.4400.29% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 11.30680.35% up
GBP/ZAR 18.33800.23% up
EUR/ZAR 14.2640-0.22% down
JPY/ZAR 0.10300.07% up
AUD/ZAR 9.88230.63% up
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Data supplied by INET BFA
Standard Bank
 
Gold 1207.1500-0.67% down
Platinum 1302.00000.00% same
Silver 17.0000-2.71% down
Palladium 771.5000-1.72% down
Brent Crude Oil 95.230-2.03% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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