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Eqstra Holdings Interim Results with CEO Walter Hill in Sandton. Picture: MARTIN RHODES

Eqstra shares surge after swinging into profit

5 hour(s) ago

Leasing firm makes biggest intraday gain after announcing first-half profit due to cost cuts, closure of loss-making businesses

Mining

Khulubuse Zuma loses Aurora court bid

Controversial businessman and nephew of President Jacob Zuma, Khulubuse Zuma, arrives for his uncle's inauguration ceremony at the Union Buildings in Pretoria on Saturday. Picture: AFP PHOTO/POOL/MUJAHID SAFODIEN
4 hour(s) ago

Urgent application by Khulubuse Zuma to have claims of more than R1.5bn against Aurora Empowerment Systems set aside is dismissed by High Court in Pretoria

Industrials

Torre Industries declares a maiden dividend

Picture: GALLO IMAGES/FOTO24/LOANNA HOFFMAN
7 hour(s) ago

Torre says this is an indication ‘of the confidence that the board has in the long-term ability of the group to sustain earnings and free cash flow’

Mining

Strong operational performance boosts RBPlat

Picture: THINKSTOCK
11 hour(s) ago

But Royal Bafokeng Platinum warns production at Styldrift project has been pushed back by six months because of difficulties at shaft

Mining

Weaker commodity markets hit Glencore’s earnings

Picture: REUTERS
9 hour(s) ago

Resources company says it has decided to curtail coal production at Optimum, some coal operations in Australia to align volumes, qualities with demand

Retail & Consumer

Cashbuild ‘positive’ about top line trading performance

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

Company reports 31% increase in interim operating profits ‘due to continued focus on margins within the competitive environment’

Industrials

Joffe doubts PIC will sell Adcock

Brian Joffe. Picture: MARTIN RHODES
14 hour(s) ago

Industrial conglomerate lowers ambition of full takeover of Adcock Ingram following sharp rise in share price of struggling drug-maker

Financial Services

Santam unit MiWay eyes life insurance

Picture: SANTAM
15 hour(s) ago

Less adverse weather last year compared to previous years also helped Santam generate better margins

Picture: GALLO IMAGES

Government ‘will not sell Telkom to rescue Eskom’

Minister of telecommunications and postal services says government will not select fixed-line operator because it will lead expansion of internet access

Financial Services

Barclays Africa makes modest gains as key markets feel pressure

Picture: BLOOMBERG/CHRIS RATCLIFFE
9 hour(s) ago

Barclays Africa reports 6% increase in full-year revenue to R63.2bn for year ended December 2014 as number of key markets come under pressure

Industrials

Accentuate cost management helps grow interim earnings

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

Biggest immediate threat to Accentuate and especially its flooring production plant in East London is load shedding

Cliffe Dekker Hofmeyr

What makes for a winning law firm in current economic conditions?

Brent Williams. Picture: Jasper Coetzee
13 day(s) ago

Awards, recognition of work of specialist lawyers, successful practice teams indicate Cliffe Dekker Hofmeyr remains on right track, writes Brent Williams

Featured partners

Opinion

THE LAST WORD: A sweet something for Steinhoff in JD deal

Investors should keep a watchful eye on Steinhoff for signs that it may overstep the traditional rules of a parent-child relationship


International companies


Americas

Tinder takes swipe at generating revenue

Picture: THINKSTOCK
8 hour(s) ago

Tinder launches premium service, its first effort to generate revenue, plans to introduce advertising by end March

Europe

Barclays boss targets investment unit

Antony Jenkins.  Picture: REUTERS
14 hour(s) ago

CEO has pledged to dismantle the fixed income-dominated investment bank created by predecessor Robert Diamond

Americas

GSK and Novartis seal swaps

A Novartis logo on its headquarters in Mumbai, India. Picture: REUTERS
14 hour(s) ago

Companies complete a series of asset swaps worth more than $20bn that will ’reshape both drug makers’

Hewlett-Packard CEO Meg Whitman could be hoping to grow revenue in China with the acquisition of Wi-Fi networking gear maker Aruba which already has a foothold there. Picture: REUTERS

Hewlett-Packard aims to boost networking unit with acquisition

Shares see slight dip after HP agrees to pay $3bn, with debt and cash, for Aruba Networks in largest acquisition in several years

Americas

Buffett looks to succession, signals future growth problem

Berkshire Hathaway chairman Warren Buffett.  Picture: REUTERS
2 day(s) ago

In letter to shareholders, Warren Buffett says future pace of gains ‘will not come close’ to those of the past

A Burger King outlet at Park Station in Johannesburg. Picture: THE TIMES

Burger King banks on about 250 outlets

Aggressive expansion has been held back by the various approvals required by the respective municipalities

Industrials

Afrox hopes to lift earnings margin after restructuring

Brett Kimber. Picture: FINANCIAL MAIL
14 hour(s) ago

Industrial gases company looks for opportunities to close manufacturing plants and will likely target older, less efficient facilities

Property

SA Corporate reports improved performance of retail portfolio

Rory Mackey. Picture: RUSSELL ROBERTS
14 hour(s) ago

Group acquires a R1.1bn portfolio of residential and retail property in the Johannesburg inner city from Affordable Housing Company

Business Times

Nedbank results leave market cold

Mike Brown. Picture:MARTIN RHODES
2 day(s) ago

Some analysts weren’t overly impressed by the company’s results, saying that Nedbank’s earnings had only ‘marginally’ beat expectations

African Business

‘No reason to panic’ over Nigeria

A security officer checks a man outside the Nigerian Stock Exchange in Lagos. Picture: REUTERS
1 day(s) ago

A weakened economy on the collapse of the oil price in the second half of 2014, and terrorism particularly in the north of the country, have dented Nigerian equities

Business Times

Going places under her own steam

Phuti Mahanyele has long been singled out as one of South Africa's  exceptional business leaders. Picture: TSHEKO KABASIA
2 day(s) ago

Phuti Mahanyele is confident about her future — and the outlook for SA — as she quits CEO post

Business Times

BEE group in bid to scrap R664m Lonmin deal

Kholisile Dingiswayo and Moipone Tabi, members of the Serodumo Sa Rona in Bapong, North West. Picture: SOWETAN
2 day(s) ago

Lonmin is bracing itself for a bitter fight as members of the Bapo ba Mogale community go to court this week in a bid to unravel its R664m empowerment deal

Retail & Consumer

Spur eyes 21 new restaurants across SA, expansion in Africa

Picture: DAILY DISPATCH
5 day(s) ago

Company says total restaurant sales are up 14.1% to R3.2bn from year earlier, but warns protracted periods of load-shedding are likely to affect restaurant turnover

Financial Services

Fallout from African Bank failure hits Liberty

Thabo Dloti. Picture: MARTIN RHODES
5 day(s) ago

Financial services company reports slight drop headline earnings after sentiment towards money market funds soured in wake of African Bank crash

Mining

Pan African Resources under pressure in interim period

Picture: ARDBEL
5 day(s) ago

Gold and platinum mining company says lower gold output due to Evander mine extracting lower-grade ore, oil contamination of Biox plant increased costs

Americas

Google tries harder to push Android phones at work

Mock-ups of the Samsung Galaxy Note 4 smartphone are displayed at the company's flagship store in Seoul, South Korea. Picture: BLOOMBERG
5 day(s) ago

Google introduces technology to encourage companies and their employees to use Android smartphones for work

Financial Services

MMI Holdings sees headline earnings falling by up to 30%

MMI Holdings CEO Nicolaas Kruger. Picture: FINANCIAL MAIL
5 day(s) ago

Financial services group says its interim headline earnings will drop as much as 30% due to impact of investment markets

Retail & Consumer

Shoprite bemoans rising power costs

Shoprite CEO Whitey Basson. Picture: RUSSELL ROBERTS
5 day(s) ago

Shoprite CEO Whitey Basson says the trading environment in SA is really not that conducive to making 20% increases in turnover and profits

Companies

Companies: Some relief for small businesses

Picture: THINKSTOCK
5 day(s) ago

Amendments make turnover tax regime more attractive

Telecoms & Technology

Mustek grows despite desktop slowdown

Picture: THINKSTOCK
5 day(s) ago

Personal computer assembler Mustek will push its variety of low-cost tablets

Healthcare

Discovery to grow Vitality in the US with new partner

CEO Adrian Gore addresses the media and analysts regarding Discovery's results in Sandton, Johannesburg, on Tuesday. Picture: MARTIN RHODES
5 day(s) ago

The US insurer, which Discovery has not yet named, will launch a suite of products similar to those of Discovery Life in SA

Opinion

Mining compact ignores crucial players

Bafokeng mine. Picture: BLOOMBERG/NAASHON ZALK

Ignoring the concerns of mining community organisations is tantamount to signal jamming

Retail & Consumer

JD Group debt stance grows debtors’ costs

Picture: THINKSTOCK
14 hour(s) ago

Company plans to use R4.7bn proceeds from the sale of its bad-debt laden loan book to pay down debts

Financial Services

Nedbank’s BEE share shrinks

Dr Reuel Khoza addresses the World Summit on Sustainable Development in Johannesburg. His retirement in May marks the end of an era. Picture: UNITED NATIONS
1 day(s) ago

Further dilution looms as deal matures, raising questions on another deal to meet financial sector code target

Financial Services

Old Mutual earnings profile ‘will change’

Old Mutual. Picture: BLOOMBERG/SIMON DAWSON
1 day(s) ago

Group targets earnings growth in UK and rest of Africa as dominant South African business falters

Transport & Tourism

Transnet to roll out new locomotives in July, says CEO

Transnet. Picture: BLOOMBERG/DEAN HUTTON
1 day(s) ago

Transnet will roll out new locomotives in July after General Electric completes its technical design, CEO announces

Business Times

Telkom won’t foot bill for broadband

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

Minority shareholders will be relieved to learn that Telkom does not have to bear burden of entire bill for R98bn national broadband rollout project

Mining

Pan African expects Evander boost

Picture: ARDBEL
1 day(s) ago

Tailings project could be the precursor to a much larger tailings treatment project of 1-million tonnes a month at Evander

Energy

PetroSA plans to cut jobs on slow Mthombo

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES
1 day(s) ago

National oil company to cut staff numbers by up to 40% as revenue spirals

Opinion

COMPANY COMMENT: Discovery; Shoprite

CEO Adrian Gore addresses the media and analysts regarding Discovery's results in Sandton, Johannesburg, on Tuesday. Picture: MARTIN RHODES

Discovery intent on further growth while Shoprite’s CEO Whitey Basson says exclusivity clauses an agressive retail discounting

Opinion

ON THE MONEY: New bourse may deter investors

SA has a small economy with a relatively small group of possible listings

Europe

Royal Bank of Scotland to pull out of 25 countries

Royal Bank of Scotland. Picture: REUTERS/TOBY MELVILLE
4 day(s) ago

State-controlled lender to drastically shrink investment banking operations to allow it to refocus on local lending in Britain

Business Times

Little hope for Joffe’s Adcock move

Bidvest CEO Brian Joffe. Picture: MARTIN RHODES
2 day(s) ago

Analysts say there’s practically no chance of widespread shareholder support for the deal

Business Times

Q&A: Whitey on the budget, poor growth and Eskom

Shoprite CEO Whitey Basson. Picture: MARTIN RHODES
2 day(s) ago

Shoprite enjoyed a steamy 42% share price rally from October to end-January, but the fun appears to be over. CEO Whitey Basson discusses the numbers

Business Times

TopTV rescue may cost IDC millions

Former US vice-president Al Gore at the Johannesburg launch of TopTV in April 2010. Picture: SUNDAY TIMES
2 day(s) ago

Industrial Development Corporation is facing a R477m court demand from one of the empowerment shareholders in the former TopTV

Companies

Economic growth in UK and US buoys Old Mutual

Old Mutual. Picture: BLOOMBERG/SIMON DAWSON
4 day(s) ago

Financial services company says its focus is on integrating acquisitions, delivering operational improvements, creating value from investments

Americas

Mexican moguls turn focus to oil as global majors back off

Carlos Slim, the world’s third-richest man, is among the Mexican tycoons making space in their business empires for oil investments as Mexican energy laws change. File picture: REUTERS
4 day(s) ago

Country’s energy laws are opening up, writes Adam Williams

Property

Capco rides wave of rising property valuations

Capital & Counties Properties CEO Ian Hawksworth. Picture: FINANCIAL MAIL
4 day(s) ago

The value of its properties in Covent Garden in London rose by a third, from £1.2bn at the end of December 2013 to £1.6bn

Americas

Petrobras scandal becomes a risk to contracts

A file picture of Petrobras oil platforms at Campos basin in Rio de Janeiro. The state oil company is embroiled in a growing corruption scandal. Picture: REUTERS
4 day(s) ago

Rolls-Royce, GE and EAS shipyard may be latest casualties of the corruption scandal at Petrobras as Brazil's oil major cancels contracts

Retail & Consumer

Game’s food sales boost Massmart

A Game store, operated by Massmart, in Rosebank, Johannesburg. Picture: SUNDAY TIMES
4 day(s) ago

Massmart’s Game division now earns about a fifth of its total sales from food

JSE Sens

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Merafe Merafe finals
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