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Kenneth Brown. Picture: SUNDAY TIMES

Guptas’ Tegeta threatens Treasury

The Gupta company has threatened to interdict the Treasury to keep a possibly damning report on Eskom coal contracts out of the public domain

Transport & Tourism

Shipping worsens Grindrod loss

Picture: GRINDROD

Along with shipping impairments and foreign exchange losses, the group posted an attributable loss of R1.1bn

Retail & Consumer

Threats of repossession were part of Lewis’s deceit, shareholder Woollam says

Lewis. Picture: FINANCIAL MAIL

On Monday the High Court will hear evidence of alleged deception in the battle between furniture retailer Lewis and shareholder Dave Woollam

Media & Advertising

Naspers’s credit rating may be cut to junk at next S&P review

Picture: SHELLEY CHRISTIANS

Global internet and media group is squeezed between lower revenue and rising costs because it pays US dollars to licence its pay-TV programmes while earning rand

Mining

South32 to pay first dividend as earnings beat forecasts

Picture: ISTOCK

World’s biggest manganese producer will pay its inaugural dividend and is monitoring two potential investment opportunities

Retail & Consumer

Woolworths manages to grow aftertax profit

Woolworths store at the V&A Waterfront in Cape Town.

CEO Ian Moir says both SA and Australia are becoming more competitive with arrival of northern hemisphere retailers and increasing promotional activity

Telecoms & Technology

Icasa makes rules on the run, says Telkom CEO Sipho Maseko

Sipho Maseko. Picture: BUSINESS DAY

Telkom is considering legal action to challenge the Independent Communications Authority of SA's decision to auction radio frequency spectrum licences

Financial Services

Alexander Forbes gets new CEO

Andrew Darfoor. Picture: SUPPLIED

The financial services provider appoints veteran Andrew Darfoor as its CEO after a six-month search

President Jacob Zuma speaks during a monitoring visit to South African Airways on Friday.  Picture: GCIS

Nothing sinister about Zuma taking over parastatals, Presidency says

Presidency emphatic that new structure under president will not directly run projects or ‘usurp responsibilities’ of line-function ministers

Property

Globe Trade income grows as portfolio expands

Picture: THINKSTOCK

GTC says its plans are on track and it intends to pay its first dividend to South African investors in 2018

Retail & Consumer

TFG on track over growth goals

A Foschini  store. Picture: SUNDAY TIMES

Austerity will be a key focus as medium-and long-term growth targets remain in reach

Retail & Consumer

Massmart halves its interim dividend

Makro store in Midrand, Johannesburg. Picture: SOWETAN/ANTONIO MUCHAVE

South African subsidiary of US retailer Walmart cuts its dividend despite reporting rise in aftertax profit for the half-year ended June 26

Opinion

COMPANY COMMENT: Pitiful Lewis affidavits reveal employee battle

Lewis Stores. Picture: FREDDY MAVUNDA/FINANCIAL MAIL

There is something moving about the affidavits signed by former Lewis employees in support of the case being taken by Dave Woollam against four Lewis directors


International companies


Americas

Battle in China drives Uber to $1.3bn loss

Travis Kalanick. Picture: REUTERS/DANISH SIDDIQUI

With the costly fight for part of China’s ride-sharing market out of the way, Uber increases its focus on mapping, driverless cars and car fleets for hire

Americas

Facebook opens way for businesses to message WhatsApp’s 1-billion users

Picture: BLOOMBERG

The strategy is an important step for Facebook as it attempts to make money from its most expensive acquisition

Europe

Pfizer snaps up AstraZeneca unit

The Pfizer logo at their world headquarters in New York, the US. Picture: REUTERS/ANDREW KELLY

Pharma giant Pfizer settles for a $725m piece of a company it once tried to acquire

Picture: REUTERS/JEAN-PAUL PELISSSIER

Some of world’s largest energy companies battling high debt levels

Exxon Mobil, Royal Dutch Shell, BP and Chevron hold combined net debt of $184bn — more than double their debt levels in 2014, when oil prices began steep descent

Americas

Monsanto’s dispute with India escalates

Picture: ISTOCK

The seed giant has withdrawn its next-generation genetically modified cotton seeds over demand that it share its technology with local companies

Koeberg nuclear power station. Picture: SUNDAY TIMES

Eskom denies it made false claims in court battle over R5bn tender

New documents do not support nuclear vendor Westinghouse’s ‘unfounded and self-serving claims’ it was deceptive about plans to replace steam generators at Koeberg, says Eskom

Mining

Glencore coal production plunge

Picture: REUTERS

The decline in Glencore’s coal output adds to concerns over lack of investment or expansions amid price woes

Mining

Harmony Gold turns predator on deal hunt to fill output gap

Peter Steenkamp. Picture: MARTIN RHODES

With company likely to lose about 40% of production over next six years due to mines reaching end of lives, big acquisition a necessity, says CEO Peter Steenkamp

Opinion

ON THE WATER: Human frailty to Facebook change

Facebook is not the egalitarian free-for-all its users envisage — it is a business, and a pretty good one so far

Trade & Industry

Car makers flag SA as base for drive into Africa

GEARING UP:  With the appropriate policies and strategies, the South African vehicle manufacturing industry could be rivalled by operations in countries such as Ethiopia, Kenya and Nigeria. Picture: SUPPLIED

Supplying the continent with kits and components identified as a growth prospect, writes Mark Smyth

Telecoms & Technology

Blue Label sees no obstacles to acquiring Cell C stake

Blue Label Telecoms joint CEO Brett Levy. Picture: BUSINESS DAY

The acquisition is part of the process of recapitalising SA’s third mobile network operator

Industrials

Bidcorp bullish about UK despite Brexit

Bidcorp CEO Bernard Berson blows the traditional horn after his company   listed on the JSE on Monday.   Picture: RICHARD STREVER/  ZOOM PHOTOGRAPHY

Although the pound has weakened and inflation expectations are higher, consumer confidence remains strong

Mining

Jubilee spoilt for choice over concentrator

Picture: SUPPLIED

The platinum producer has the pick of three third-party plants on offer or to build its own concentrator

Asia-Pacific

Samsung plans a second life for its high-end smartphones

The Samsung S7 and S7 edge smartphones. Picture: REUTERS

The world’s top smartphone maker will launch a programme next year to refurbish premium models and resell them

JSE Sens

Standard Bank

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Calendar

Massmart Massmart interims
Sibanye Sibanye interims
Woolworths Woolworths finals
Italtile Italtile finals
South32 South32 interims
Assore Assore finals
Grindrod Grindrod interims
OneLogix OneLogix finals
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