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Picture: BUSINESS DAY

STOCKWATCH: Pinnacle Holdings share price bounces back

7 hour(s) ago

After losing 65% of value in past six months, information and communication technology group’s stock climbs 21.4% in late afternoon after release of update

Mining

BHP Billiton confirms sale plans for most SA assets

TIME TO ACCOUNT: BHP Billiton CEO Andrew Mackenzie prepares to discuss the company's annual results at a meeting in Sydney on Tuesday. Picture: REUTERS
18 hour(s) ago

Global resources group plans to spin off noncore businesses estimated to be worth $16bn — including most of its assets in SA

Mining

Harmony plans to idle Target 3

Harmony Gold CEO Graham Briggs. Picture: MARTIN RHODES
19 hour(s) ago

Harmony Gold Mining Company says it plans to idle its loss-making Target 3 operation in the country and starts talks with labour unions

Telecoms & Technology

Vodacom to spend R1bn on upgrading Gauteng network

Vodacom branding on the Ponte Building in Hilbrow, Johannesburg, in 2011. Picture: GALLO IMAGES/FOTO24/FELIX DLANGAMANDLA
19 hour(s) ago

Vodacom says it will invest R1bn in upgrading its network and adding new base stations in Gauteng

Property

Property springs pleasant surprises

Picture: THINKSTOCK
19 hour(s) ago

Listed property share prices rally about 5% over the past two weeks, on better than expected results reported by real estate counters

Industrials

Invicta’s plans for secondary listing gain pace

Invicta CEO Arnold Goldstone. Picture: TREVOR SAMSON
19 hour(s) ago

The company wants to derive half of its revenue from outside SA in the medium term, from about 22% now

Financial Services

Capitec moves to reassure funders

Picture: THE TIMES
1 day(s) ago

Moody’s downgrade of unsecured lender draws flak as action seen as reaction to fallout from African Bank’s spectacular implosion

Mining

Gold Fields sells stake in Peruvian project

Gold Fields CEO Nick Holland. Picture: MARTIN RHODES
1 day(s) ago

Gold miner says it will retain 1.5% net smelter royalty on sales of gold, copper, silver coming from Chucapaca concession area

The Big Picture

Picture: SUNDAY TIMES
Capitec is in the same market as African Bank, so it is hard to see how it can be unaffected by Abil’s woes   Read More

Healthcare

Adcock not yet out of the woods

Adcock Ingram's headquarters in Midrand, Johannesburg. Picture: FINANCIAL MAIL
1 day(s) ago

Drug maker’s shares fall in nine months ending in June after warnings of headline loss

Telecoms & Technology

AdaptIT to boost empowerment credentials

Picture: THINKSTOCK
1 day(s) ago

Listed technology firm could add new investors as it undertakes capital-raising exercise

Opinion

Transformation is about more than just black CEOs

If we are serious about real transformation, people need to be thinking of how to transform the credit committees

Opinion

COMPANY COMMENT: Litha; Capitec

Picture: SUNDAY TIMES

The market has recently grown immune to the charms of Litha, while the ghost of Saambou is sending shivers through the market, with Capitec falling 5%


International companies


Europe

Glencore keeps promise to return cash to shareholders

Picture: REUTERS
9 hour(s) ago

Commodities group announces share buyback programme of up to $1bn as it report forecast-beating first-half profit

Europe

Maersk lifts profit forecast on higher shipping volumes

A Maersk shipping vessel. Picture: BLOOMBERG
14 hour(s) ago

World’s largest container-shipping line says earnings are rising because of higher freight volumes and lower costs

Asia-Pacific

Billiton down after disappointing investors

BHP Billiton’s signboard outside Richards Bay. Picture: SUNDAY TIMES
14 hour(s) ago

Billiton’s share price fell after it disappointed investors hoping for share buyback programme

Home Depot CEO Frank Blake is focusing on boosting sales at existing centres and investing in e-commerce, rather than on opening new shops. Picture: BLOOMBERG

Better weather sees good gains in quarter for Home Depot

Largest home-improvement retailer in US posted second-quarter profit that topped analysts’ estimates and raised its forecast for year

Americas

US probe clears AstraZeneca over heart drug trial

Picture: REUTERS
13 hour(s) ago

US government has cleared AstraZeneca Plc over a major clinical trial used to win marketing approval for important new heart drug

Picture: SHELLEY CHRISTIANS

STOCK TALK: Naspers uses its cents to keep in Beijing's good books

Strong results from Tencent shows just how much money you can make in that Asian country when you stay on the government's right side, writes Ann Crotty

Transport & Tourism

Sun International in deal with Thai group

Picture: THINKSTOCK
1 day(s) ago

South African gaming giant teams up with Minor International to reduce exposure to African hotel operations

Industrials

Logistics plan gives Super Group’s results a lift

Super Group CEO Peter Mountford. Picture: FINANCIAL MAIL
1 day(s) ago

Industrial transportation operator’s earnings growth is due to its integrated logistics plan

Americas

Discount retail battle heats up

Billionaire investor Carl Icahn. Picture: REUTERS
1 day(s) ago

Dollar General has offered to buy Family Dollar Stores for $8.95bn, trumping an offer by Dollar Tree

Asia-Pacific

BHP unveils spin-off as profit just misses forecasts

People walk through the foyer of the BHP Billiton headquarters in Melbourne, Australia, in this file picture. Picture: BLOOMBERG
1 day(s) ago

Top global miner will spin off a roughly $14bn company to shareholders, mostly offloading assets acquired in 2001 merger with Billiton, as it looks to focus on strongest businesses

Telecoms & Technology

Lenovo working with US agencies on lucrative deals

Picture: REUTERS
5 day(s) ago

Chinese company still believes it can close purchases this year of IBM’s low-end server unit and Google’s Motorola Mobility unit

Telecoms & Technology

Tencent coining it in mobile gaming market

Picture: REUTERS
5 day(s) ago

Chinese web giant raked in almost $500m in revenue in second quarter from users

Financial Services

Reserve Bank disputes Moody’s downgrade of Capitec

Picture: THE TIMES
3 day(s) ago

Central bank disagrees with the rationale behind the two-notch rating cut for the local lender

Business Times

More jitters as Moody's whacks Capitec

Picture: SUNDAY TIMES
3 day(s) ago

Moody’s warned of its ‘heightened concerns’ about the risk of Capitec’s consumer lending focus

Mining

BHP Billiton spinoff of assets to raise up to $12bn

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

Company has already sold assets worth $5.2bn since January 2012 as part of plans to simplify its portfolio

Retail & Consumer

Lewis Group slides as CEO says trading was challenging

Lewis Group CEO Johan Enslin. Picture: FINANCIAL MAIL
2 day(s) ago

Friday marked the fourth consecutive day of losses making the week ended August 15 its weakest in eight months

Healthcare

Litha Healthcare expects drop in first-half headline earnings

Litha Healthcare CEO Selwyn Kahanowitz. Picture: FINANCIAL MAIL
2 day(s) ago

Company expects earnings per share and headline earnings per share for six months ended June 2014 to be between 100% and 120% lower from year-earlier period

Business Times

Matona tipped for Eskom hot seat

Public enterprises director-general Tshediso Matona. Picture: FINANCIAL MAIL
3 day(s) ago

Eskom is also trying to fill other executive positions in an extremely challenging period for the utility

Business Times

Board beguiled by toxic charm

Leon Kirkinis. Picture: BUSINESS DAY
3 day(s) ago

Loose Cannon Abil CEO Leon Kirkinis wielded the power and could talk himself out of trouble, writes Chris Barron

Business Times

Coronation's Abil move stirs up storm

Karl Leinberger, chief investment officer at Coronation Fund Managers. Picture: FINANCIAL MAIL
3 day(s) ago

Coronation's R4bnexposure to micro lender is small change compared with R30bn it made on Naspers's rise

Mining

Northam aims to double output

Picture: THINKSTOCK
5 day(s) ago

Northam will ramp up its new Booysendal to full production by October next year, giving it total annual production of 460,000 ounces of platinum group metals

Mining

Harmony cuts its net loss as output grows 3%

Harmony Gold CEO Graham Briggs. Picture: MARTIN RHODES
5 day(s) ago

R1.4bn impairment against Phakisa mine and R127m loan to Rand Refinery kept Harmony Gold running at a loss in 2014

Mining

Atlatsa talks to Amplats about status of Bokoni joint venture

Atlatsa chief commercial officer Joel Kesler
5 day(s) ago

Amplats CEO says as part of a restructuring, it could exit Bokoni joint venture with Atlatsa

Opinion

SIGN POST: Smartphone taxi apps go Uber large

Exactly a year after Uber arrived in SA to change the face of private taxi services, it is about to disrupt the world of metered taxis

Opinion

COMPANY COMMENT: Abil; SA banking system

Picture: FINANCIAL MAIL

Coronation shorted the truth in Abil’s fall, while concern about banking system largely abated after bail out

Asia-Pacific

NEWS ANALYSIS: Demerger brings deal between BHP and Billiton full circle

People walk through the foyer of the BHP Billiton headquarters in Melbourne, Australia, in this file picture. Picture: BLOOMBERG
1 day(s) ago

Shareholders stand to reap benefits of having high-margin resource company with top-quality assets that should be able to deliver stronger profits, writes Clyde Russell

Europe

Telecom Italia targets Vivendi Brazilian unit

1 day(s) ago

Telecom Italia is reportedly preparing an offer valued at as much as €7bn to outbid Telefónica in the race to buy Vivendi’s Brazilian broadband unit GVT

Asia-Pacific

Samsung buys Quietside to enhance its smart home business

A man tours a showroom of Samsung Electronics in Seoul. Picture REUTERS
1 day(s) ago

This is the South Korean firm’s second such acquisition within a week after saying on Friday it purchased SmartThings, a US-based platform developer

Mining

Harmony to shut unprofitable shaft, with job cuts on cards

Harmony Gold CEO Graham Briggs. Picture: MARTIN RHODES
1 day(s) ago

Miner says it will temporarily close Target 3 shaft because it is bleeding money, a move that could affect up to 1,500 jobs

Opinion

THE LAST WORD: Grovel, grovel, Telkom's in trouble

There's a special place in corporate hell for companies that release crucial announcements late on Fridays, before public holidays or over Christmas

Opinion

COMPANY COMMENT: Spar; Bell Equipment

Shoppers at a Spar outlet in Rustenburg, North West. Picture: MARTIN RHODES

Spar’s Irish purchase gets analysts’ nod, while Bell Equipment has been hurt by a number of unforeseen events in its home market and internationally

Industrials

Turkish unit bolsters Metair revenue

Metair CEO Theo Loock.  Picture: ROBERT BOTHA
1 day(s) ago

Automotive product manufacturer and distributor’s Turkish vehicle and industrial battery acquisition boosts half-year revenue

Industrials

KAP lifts dividend on disposals

Jo Grove.  Picure: MARTIN RHODES
1 day(s) ago

KAP Industrial Holdings shares close 3.58% higher after company reports 21% rise in earnings, 50% dividend increase for year to June

Retail & Consumer

Truworths results expected to show consumers under pressure

Picture: MICHAEL ETTERSHANK
1 day(s) ago

Plight of SA’s indebted consumers will likely be reflected when clothing retailer Truworths reports its full-year results

Asia-Pacific

China finds Mercedes-Benz guilty of price-fixing

A Mercedes-Benz sign is seen at a dealership in downtown Shanghai, China, in this August 5 2014 file photo.   Picture: REUTERS
2 day(s) ago

German car maker guilty of manipulating prices for after-sales services in China, foreign manufacturers have cut prices in effort to appease regulators

Energy

SA urged to harness fuel cell project

It is the first time ever in the world that platinum fuel cells, used in a Kroonstad community test project, are being used as a prime power source for households. Picture: CHARLOTTE MATHEWS
1 day(s) ago

Development could spur a high-technology downstream industry — if Energy Department includes fuel cells in masterplan

Property

MAS aims at listing on JSE main board

Picture: MICHAEL ETTERSHANK
1 day(s) ago

AltX-listed Europe-focused property investment company believes it is on track to graduate to the JSE’s main board this year

Asia-Pacific

Rio Tinto reviews stake in Papua New Guinea mine

Picture: REUTERS
1 day(s) ago

An abandoned mine with a potential copper and gold resource worth more than $60bn is in play after Rio Tinto Group said it is reviewing its controlling stake

African Business

Exxon ends South Sudan oil plans with Total

Picture: BLOOMBERG/DANIEL ACKER
5 day(s) ago

In sign of faltering investor confidence as civil war enters eighth month in South Sudan, US’s largest oil company pulls out of exploration plans

Transport & Tourism

City Lodge to expand in East Africa

Picture: THINKSTOCK
2 day(s) ago

Hotel group is looking for other opportunities to add hotels in capital cities across East and Southern Africa

Financial Services

Capitec downgrade ‘no cause for alarm’, says Jonas

Picture: SUNDAY TIMES
2 day(s) ago

But Deputy Finance Minister Mcebisi Jonas warns Moody’s downgrade of Capitec Bank is indication more can be done to strengthen regulatory regime

Markets

STOCKWATCH: Capitec falls in wake of Moody’s downgrade

Picture: MICHAEL ETTERSHANK
2 day(s) ago

Shares in unsecured lender tumble after rating downgrade, but analyst calls decision ‘illogical’, says business model is vastly different to African Bank

Financial Services

Consumer lending takes its toll on Capitec’s rating

Picture: THE TIMES
2 day(s) ago

Moody’s downgrades Capitec’s deposit ratings and its national-scale issuer ratings, along with the bank’s standalone bank financial strength rating

Business Times

Lending balloon blamed on deficient oversight

Abil CEO Leon Kirkinis. Picture: FINANCIAL MAIL
3 day(s) ago

Ineffective oversight of the National Credit Act played a major role in the African Bank crisis and in the reckless ballooning of unsecured lending, say experts

Business Times

Standard Bank pays for risky business

Picture: SUNDAY TIMES
3 day(s) ago

Lethargic attitude to home market costs lender, writes Thekiso Anthony Lefifi

Asia-Pacific

Potential buyers for BHP’s Nickel West

People walk through the foyer of the BHP Billiton headquarters in Melbourne, Australia, in this file picture. Picture: BLOOMBERG
14 hour(s) ago

After excluding Australia’s Nickel West from major restructuring, BHP Billiton is in talks with interested parties over buying all or part of it

JSE Sens

 
All Share 51436.590.14% up
Top 40 46313.200.25% up
Financial 15 14529.76-0.76% down
Industrial 25 59637.730.09% up
Resource 10 58762.701.02% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6755.48-0.35% down
Dow Jones 16979.130.35% up
All Share 51436.590.14% up
ASX 5629.200.00% same
S&P 500 1986.5100.25% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 10.73680.91% up
GBP/ZAR 17.81790.80% up
EUR/ZAR 14.23530.42% up
JPY/ZAR 0.10350.16% up
AUD/ZAR 9.97000.75% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1291.6600-0.30% down
Platinum 1426.5000-0.52% down
Silver 19.48500.14% up
Palladium 867.0000-1.14% down
Brent Crude Oil 102.2900.01% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51436.59
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    Top 40 : 46313.20
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    Financial 15 : 14529.76
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    All data is delayed by 15 min
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    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.7368
    Change: 0.91%
    ZAR/GBP : 17.8179
    Change: 0.80%
    ZAR/EUR : 14.2353
    Change: 0.42%
    ZAR/JPY : 0.1035
    Change: 0.16%
    ZAR/AUD : 9.9700
    Change: 0.75%
    All data is delayed by 15 min
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  • Gold : 1291.6600
    Change: -0.30%
    Platinum : 1426.5000
    Change: -0.52%
    Silver : 19.4850
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    Brent Crude Oil : 102.290
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    All data is delayed by 15 min
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