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Impala Platinum's Marula mine.  File picture: TYRONE ARTHUR

Implats terminates sale of Marula mine

Impala Platinum terminates sales process of Marula mine, preferring to keep the asset within the company to "optimise performance" at the mine

Trade & Industry

Choppies shares rise after JSE listing

Choppies CEO Ramachandran Ottapathu. Picture: CALVIN ANDERSON

Botswana grocer, which joined food retailers and wholesalers sector, is fourth African company to have inward secondary listing on local bourse

Industrials

Poor Nampak results see shares dive

Andre de Ruyter. Picture: SUPPLIED BY NAMPAK

Glass division drags company down while general metal packaging in Nigeria hit by lower demand, as a result of election uncertainty and the fall in the oil price

Retail & Consumer

Lewis beats market expectations

Picture: THINKSTOCK

Furniture retailer says its performance improved in second half of the year, but trading conditions remain tough, particularly in lower to middle income market

African Business

Pembani has $345m to power up Africa

Former MTN CEO Phuthuma Nhleko. Picture: KEVIN SUTHERLAND

Fund set up by Johann Rupert and Phuthuma Nhleko amasses significant war chest to invest in electricity generation, transport and logistics in Africa

MTN. Picture: BLOOMBERG/NADINE HUTTON

Apple the king of the brands as Chinese move into the top

African giant MTN drops off the latest dollar-based BrandZ Top 100 Most Valuable Global Brands list as rand swoons

Property

Vukile portfolio focus pays off

Laurence Rapp, CEO of Vukile Property Fund. Picture: BUSINESS DAY

Counter has started to appear on property fund managers’ stock-pick lists in recent months

Opinion

COMPANY COMMENT: MTN; slow markets

MTN apology may not pacify customers while analysts warn of a market lull before the storm


International companies


Asia-Pacific

Lee family extends grip on Samsung Group

Lee Jae Yong. Picture: BLOOMBERG/SEONGJOON CHO

Samsung Group is revamping businesses as its leadership hands over to a new generation amid pressure from the South Korean government

Asia-Pacific

Vodafone India said to be weighing IPO as share hits 14-year high

STRATEGY: Pedestrians walk past a vegetable vendor sitting in front of a closed store displaying the Vodafone logo in Mumbai, India. Picture: BLOOMBERG

Indian business is wireless carrier Vodafone Group’s biggest unit by customers

Companies

Charter close to deal to acquire Time Warner Cable

A man walks past the Time Warner Cable headquarters in New York.   Picture: REUTERS

Deal could create major rival to Comcast, marks triumph for Charter Communications, which was rejected by Time Warner Cable last year

Picture: REUTERS

Mexico must grow ports to cope with jump in car exports

Government earmarks $4.6bn for port infrastructure expansion but some manufacturers are sceptical the 2018 goal will be met

Asia-Pacific

Third Chinese company in danger of debt default

Workers clean the windows of a building in Beijing's commercial district on Monday. China and 30 other countries have set up the $50bn Asian Infrastructure Investment Bank. Picture:  REUTERS/KIM KYUNG-HOON

Bottle maker says that it will not be able to fully repay bond, raising concern it will become the third company to default in the onshore note market this year as the economy slows

A Domino's outlet in the US. Picture: TASTE HOLDINGS

Domino’s a good starter, but Taste has appetite for more

Multifranchise specialist Taste launches an ambitious five-year growth plan

Editorials

EDITORIAL: Beware costly middlemen

SAA. Picture: GALLO IMAGES/ALON SKUY

SAA can do a lot more for aspirant black entrepreneurs by boosting business than it can by spending its cash on the enrichment of middlemen

Management

Adcorp’s bold strategy reaps R13bn reward

Picture: THINKSTOCK

Workforce management company’s growth-by-acquisition strategy boosts its total revenue 13%

National

Legal adviser finds axing of SABC board members illegal

Parliamentary legal advisors Zuraya Adhikarie and Nathi Mjemxawa at the end of the session of the communications committee meeting regarding 3 SABC board members dismissed. Picture: TREVOR SAMSON

Parliament’s legal services office finds removal of three board members of troubled South African Broadcasting Corporation was not in line with Broadcasting Act

Retail & Consumer

Diversity pays off for Famous Brands

Kevin Hedderwick. Picture: FAMOUS BRANDS

CEO Kevin Hedderwick says company has reached its goal of becoming an integrated branded food services franchisor

Retail & Consumer

Verimark changes focus to local as weak rand bites

Verimark CEO Michael van Straaten. Picture: FINANCIAL MAIL

Direct retailer Verimark plans to counter currency threats with shops abroad including in African countries

Telecoms & Technology

Double blow for MTN in its two biggest markets

Motorists gather at a petrol station of state-owned energy company Nigerian National Petroleum Corporation in Abuja on Monday as fuel supplies ran dry. Picture: REUTERS

Nigerian fuel shortages and strike in SA threaten to disrupt MTN Group’s network services

Financial Services

Alexander Forbes expects to swing back to earnings growth

Alexander Forbes. Picture: MARTIN RHODES

SA’s largest retirement fund administrator expects to swing back to earnings growth in full-year results, following completion of capital restructuring

Property

Vukile expects economic conditions to remain tough

Picture: THINKSTOCK

Property fund says property portfolio performed well in difficult economic environment, with retail outperforming other sectors

Companies

Adcorp grows full-year headline earnings

Picture: THINKSTOCK

Adcorp reports 58% increase in headline earnings per share to end February 2015 and increases final dividend by 10%

Retail & Consumer

Taste benefits from increase in corporate store ownership

A Domino's outlet in the US. Picture: TASTE HOLDINGS

Fast food restaurant group says soft sales performance of fish category expected to continue, while new store openings will be minimised in coming year

Land & Agriculture

Tongaat Hulett looks to cash in on sales of vast tracts of land

Picture: THINKSTOCK

CEO Peter Staude says the company’s land development initiatives could have a record year

Europe

CFM leaps ahead with aircraft fuel efficiency

Picture: THINKSTOCK

Joint venture CFM International ahead with Leading Edge Aviation Propulsion — Leap — motors that will power most of the next generation of planes

Property

High debt levels take the shine off Delta’s grand 15.7% growth

Picture: THINKSTOCK

Delta’s assets are predominantly government-tenanted offices in Durban and Pretoria but the fund has diversified into other sectors

Europe

Workers in Turkey mull Renault offer

Striking workers wait at a Renault factory in western Turkey on Friday. AFP PHOTO/OZAN KOSE

Renault offers a risk-free cash payment to striking workers in western Turkey who downed tools in wage dispute

Opinion

COMPANY COMMENT: Investec; Tongaat Hulett

Investec. Picture: MARTIN RHODES

Black and white with red spots at Investec, while record cash flows at Tongaat Hulett suggest directors are comfortable with the company's medium-term prospects

Asia-Pacific

Australian brewer finds joy in solid gold

Allen Kelly.  Picture: BLOOMBERG/CARLA GOTTGENS

Doray Minerals MD fears the mining firm may be in the sights of rivals, writes David Stringer

Asia-Pacific

Rio targets $6bn for Oyu Tolgoi mine

Heavy machinery operate inside an open pit at the Oyu Tolgoi copper-gold mine, jointly owned by Rio Tinto's Turquoise Hill Resources unit and state-owned Erdenes Oyu Tolgoi, in the Gobi desert, Mongolia. File picture: BLOOMBERG/BRENT LEWIN

Rio Tinto Group prepares a war chest to develop one of the world’s largest untapped deposits of copper and gold

Europe

Watchdogs snapping at Facebook’s heels

Picture: REUTERS

Move over Google, Facebook is the latest US tech company Europeans love to hate

Industrials

Nampak loses R4bn in market value on interim results

Nampak shares shed a a hefty 13%, knocking off R4bn in market value, as weak SA economic environment takes toll on the local packaging group

Companies

BMW, Nissan build electric car grid

The BMW i3, the electric car produced by BMW is unveiled against the backdrop of Tower Bridge during the world premiere launch in London, in 2013. BMW offers the i3 — a battery-powered compact car— with a unique option: the use of a sport-utility vehicle.  Picture: BLOOMBERG/SIMON DAWSON

First charging hub is likely to be in Cape Town and plans for more will be extended to other major urban centres

Opinion

COMPANY COMMENT: Tiger Brands; NVest Financial Holdings

Peter Matlare, CEO of Tiger Brands. Picture: MARTIN RHODES

Wily staff make new headaches for Tiger Brands, while NVest Financial Holdings aims to list on the AltX shortly

Opinion

COMPANY COMMENT: Oceana; Theo Botha

Oceana CEO Francois Kuttel. Picture: FINANCIAL MAIL

Will Oceana be bitten fishing in new seas? And shareholder activist Theo Botha says it is not his aim to give companies a hard time with questions at annual general meetings

Healthcare

Aspen agrees to sell portfolios to Strides in Singapore and India

Aspen Pharmacare Holdings says transactions form part its strategy to focus attention on areas where most value can be added

Mining

De Beers tailings operation up for sale

Picture: THINKSTOCK

De Beers puts operation to recover diamonds from tailings at Kimberley up for sale, seeking to extend life of its second-largest source of local diamonds beyond 2018

Europe

UK banks face further fines

Picture: BLOOMBERG/CHRIS RATCLIFFE

Barclays and Royal Bank of Scotland face up to £7bn in additional fines for misconduct within two years

Retail & Consumer

Mr Price eyes earnings rise

Picture: MICHAEL ETTERSHANK

Mr Price Group expect headline earnings per share of between 902c and 933c, despite factors weighing on consumer spending

Mining

Chamber of Mines urges carbon tax delay

Mike Teke. Picture: MARTIN RHODES

Chamber of Mines president Mike Teke calls proposed tax an ‘absurdity’ in the light of heavy losses in the carbon-intensive industry

Mining

BHP broke law with officials’ Beijing trips

People walk through the foyer of the BHP Billiton headquarters in Melbourne, Australia, in this file picture. Picture: BLOOMBERG

Australian miner to pay $25m to settle US SEC claims it offered hospitality packages to 176 foreign officials ‘involved with BHP Billiton contract negotiations or regulatory dealings’

Telecoms & Technology

Dimension Data to boost spend on cloud offerings

Picture: THINKSTOCK

Dimension Data is targeting $4bn of revenues from data centre management in three to five years

Media & Advertising

Blackstar confirms name change to Tiso Blackstar

Picture: SUNDAY TIMES

Investment holding company says scheme of arrangement to acquire all ordinary shares in issued share capital of Times Media Group is ‘unconditional’

Land & Agriculture

Oceana on course to become big fish after R4.6bn US acquisition

Oceana CEO Francois Kuttel. Picture: FINANCIAL MAIL

Fishing conglomerate, which has Tiger Brands as an anchor shareholder, will acquire 100% of Louisiana-based Daybrook Fisheries

Retail & Consumer

Weaker naira puts pressure on Tiger Brands

Food producer says performance was held back by foreign exchange losses in Nigeria-based Dangote Flour Mills

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Dipula Income Fund Dipula Income Fund interims
  • All Share : 52933.34
    Change: -0.06%
    Top 40 : 46885.86
    Change: -0.07%
    Financial 15 : 17018.06
    Change: -0.11%
    Industrial 25 : 67072.38
    Change: -0.15%
    Resource 10 : 41857.72
    Change: 0.28%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • FTSE 100 : 7033.33
    Change: 1.21%
    Dow Jones Industrial : 18171.93
    Change: 0.72%
    All Share : 52933.34
    Change: -0.06%
    ASX All Ordinaries : 5724.2
    Change: 0.00%
    S&P 500 index : 2119.6
    Change: 0.73%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • ZAR/USD : 12.0828
    Change: 0.02%
    ZAR/GBP : 18.4527
    Change: -0.52%
    ZAR/EUR : 13.1316
    Change: -0.02%
    ZAR/JPY : 0.0969
    Change: -0.82%
    ZAR/AUD : 9.311
    Change: -0.28%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • N/A : 1186.88
    Change: -0.04%
    Platinum US$/oz : 1116.89
    Change: -0.62%
    Silver US$/oz : 16.67
    Change: -0.48%
    Palladium US$/oz : 785.42
    Change: 0.50%
    Brent Crude : 62.6
    Change: -2.14%
    All data is delayed by 15 min
    Data supplied by Profile Data
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