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AngloGold Ashanti CEO Srinivasan Venkatakrishnan. Picture: MARTIN RHODES

AngloGold investors revolt

15 hour(s) ago

Gold miner AngloGold Ashanti faces possible shareholder revolt over plans for $2.1-billion rights issue and asset split

Business Times

Bitter turnaround medicine for Ellerines

An Ellerines store in Randburg, Johannesburg.  Picture: MICHAEL ETTERSHANK
14 hour(s) ago

Group may shut 40% of its stores, axe 2 800 jobs

Business Times

High noon for Net1 over grants

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

Showdown looming between Net 1 UEPS Technologies and Social Development Minister Bathabile Dlamini over whether third parties should be allowed to "deduct" money from social grant payments

Business Times

Retail power gives Steinhoff muscle

Steinhoff CEO Markus Jooste. Picture: FINANCIAL MAIL
14 hour(s) ago

Even furniture rivals admire group's success

Business Times

New ‘African Bank’ to list by February

Financial services leader in Africa for PwC Tom Winterboer. Picture: FINANCIAL MAIL
14 hour(s) ago

A new 'African Bank' will be listed on the JSE by February, though details remain murky

Financial Services

Transaction Capital tightens lending criteria

ON THE MOVE: Commuters queue for minibus taxis in Johannesburg. BAW South Africa plans to build the Inyathi minibus in South Africa. Picture: SUNDAY TIMES
2 day(s) ago

Transaction Capital lowers approval rates in its minibus financing business by tightening its lending criteria, it says ahead of its closed period

Financial Services

Rand Merchant Insurance lifts dividend, eyes prospects

Picture: THINKSTOCK
2 day(s) ago

RMI, the shareholder of reference for Discovery, OUTsurance and MMI, reports an 18% increase in basic earnings per share

Retail & Consumer

STOCKWATCH: Spur hits one-month high on results

Picture: THINKSTOCK
3 day(s) ago

Prospects for 2015 appear promising with increased focus on expansion, both locally and in its international operations, writes Fifi Peters

Financial Services

African Bank gets ready for licence bid

Financial services leader in Africa for PwC Tom Winterboer. Picture: FINANCIAL MAIL
2 day(s) ago

‘Good bank’ explores secured lending through vehicle finance, and will be able to list by second half of February, says curator

Picture: FINANCIAL MAIL

Steady SABMiller a good bet in emerging markets

Emerging markets have become a focal point for investors wanting to ride on the profits of consumer goods companies that are either entrenched in, or moving into, developing countries

Business Times

Sasol cuts off cash to Durban oil exploration

Sasol CEO David Constable announces the company's audited financial results for the year ending June 30 2013 on Monday. Picture: ARNOLD PRONTO
14 hour(s) ago

Sasol, which is exploring for oil and gas off the Durban coast in partnership with Italy's Eni, halts spending on project until there is certainty on minerals amendment bill

National

Grants agency told to protect beneficiary data

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

CPS threatened with court action if it fails to sign service-level agreement which will protect beneficiary data and prohibit third-party deductions from grant payments

Mining

Billionaire investor takes on AngloGold

AngloGold Ashanti CEO Srinivasan Venkatakrishnan.  Picture: FINANCIAL MAIL
2 day(s) ago

John Paulson, whose hedge fund holds 6.6% of AngloGold Ashanti, opposes the mining company’s plan to raise $2.1bn from investors while spinning off non-South African assets

Opinion

COMPANY COMMENT: Foundries; lease exclusivity

Picture: THINKSTOCK

Foundries struggle as scrap exports rise, while much finger-pointing is going on in the lease exclusivity controversy

Opinion

Black business must show it can produce a Sanlam

Africans need to demonstrate that they can start, build and sustain solid businesses


International companies


Business Times

Watch rivals scorn new Apple timepiece

The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, on Tuesday.  Picture: REUTERS
13 hour(s) ago

Long-awaited smartwatch looks 'too feminine', design will not stand the test of time, says luxury giant LVMH’s watch guru

Europe

Scotland banks consider new place to call home

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

To avoid uncertainty, Lloyds and RBS may decide to relocate, writes Stephen Morris in London

Europe

MasterCard loses EU court battle over fees

Visa Europe’s offer from last month would bring its cross-border credit-card fees into line with those of its main rival MasterCard.   Picture: REUTERS
2 day(s) ago

Europe’s highest court supports broader regulatory drive to cut cost of using payment cards

A man waits outside the Apple Store in advance of an Apple special event in the Manhattan borough of New York on Tuesday.  Picture: REUTERS

There’s no more shaking the Apple tree

Lack of surprises at product launch keeps share steady

Americas

Twitter may raise $1.5bn in first debt market foray

The Twitter logo is displayed on the floor of the New York Stock Exchange on Friday. Twitter Inc shares jumped 73% in a frenzied trading debut that drove the seven-year-old company's market value to around $25bn.  Picture: REUTERS
2 day(s) ago

The microblogging company is selling convertible bonds in two $650m pieces, one maturing in five years and one in seven years

Spur CE Pierre van Tonder. Picture: FINANCIAL MAIL

Spur beefs up its stake in food war

Talk of Burger King deal to compete with Famous Brands

Europe

Sanctions start to hurt Rosneft

Picture: REUTERS
4 day(s) ago

Kremlin’s prized oil firm cutting staff and production and selling stakes in Siberian fields

Telecoms & Technology

Cell C weighs up a challenge to Icasa

Cell C CEO Jose dos Santos. Picture: PUXLEY MAKGATHO
4 day(s) ago

Vodacom-MTN duopoly ‘will take root’, leaving Cell C with a cut in income

Mining

AngloGold says asset split will add value

AngloGold Ashanti CEO Srinivasan Venkatakrishnan. Picture: MARTIN RHODES
3 day(s) ago

Miner’s SA business to become debt-free multi-commodity player and a London-listed gold-focused company holding a suite of international mines

Europe

Telefonica to sell shares worth €3.6bn for acquisition of E-Plus

Picture: REUTERS
4 day(s) ago

Citigroup, HSBC Holdings, Morgan Stanley and UBS are helping Telefonica Deutschland Holding sell the shares for €3.24 apiece

Media & Advertising

Naspers ‘plans sale of Swiss retailer’

Picture: SHELLEY CHRISTIANS
2 day(s) ago

Ricardo.ch, which sells fashion and electronics and operates online marketplaces for cars and other products, might be valued at as much as $500m

Land & Agriculture

Afgri partners with East African exchange

Afgri CEO Chris Venter. Picture: FINANCIAL MAIL
2 day(s) ago

The agri-services and industrial foods group has partnered with East Africa’s fledgling commodities exchange to be its collateral manager

Mining

Petmin swims against tide as it eyes SA coal

Picture: THINKSTOCK
2 day(s) ago

Iron ore and coal company leaves its dividend unchanged for the year to June to conserve cash to pursue new opportunities in coal in SA

Financial Services

Hollard eyes Indonesian middle class as pilot shows potential

Picture: THINKSTOCK
2 day(s) ago

Insurance group wants to create and test products that tap into the emerging middle class and take advantage of the low levels of insurance penetration

Financial Services

Sasfin to enter minibus financing market

Sasfin CEO Roland Sassoon. Picture: FINANCIAL MAIL
3 day(s) ago

Financial services company looks to lend about R250m in a move that will see it compete with SA Taxi and likely reduce cost of borrowing for minibus operators

Healthcare

Aspen offshore move pays off

Aspen Pharmacare CEO Stephen Saad. Picture: FINANCIAL MAIL
3 day(s) ago

Drugs manufacturer’s SA business suffers declining revenue on slowing state business

Mining

Obvious logic to split in AngloGold assets

Picture: THINKSTOCK
3 day(s) ago

London-listed Newco gets growth prospects, SA unit the less productive mines, writes Allan Seccombe

Energy

Sacoil buys firm to develop Lagia oil field in Egypt

Oil refinery. Picture: THINKSTOCK
3 day(s) ago

JSE-listed oil and gas company buys Mena International Petroleum Company for total of $14.1m in shares and assumption of liabilities

Retail & Consumer

Steinhoff property surge is over — CEO

Steinhoff CEO Markus Jooste. Picture: FINANCIAL MAIL
3 day(s) ago

Fewer retail-chain takeover opportunities in Europe mean growth in the number of stores it owns will become ‘more organic’

Financial Services

Transaction Capital expects household finances to remain strained

Picture: THINKSTOCK
3 day(s) ago

Financial services group says slow growth in employment, elevated inflation are eroding disposable income

Media & Advertising

Times Media unveils video-on-demand service

Picture: THINKSTOCK
4 day(s) ago

Online streaming service will enable consumers to watch their favourite TV series, movies and documentaries anytime and anywhere

Opinion

COMPANY COMMENT: Sasol, JD Group

Picture: FINANCIAL MAIL

Sasol not neglecting spending in SA, while consumer financing is not JD Group’s game, and nor is transparency

Europe

Air France-KLM to spend €1bn growing budget unit Transavia

Air France-KLM chairman and CEO Alexandre de Juniac speaks during its annual results presentation in Paris last month. Picture: REUTERS
3 day(s) ago

The plan would create up to 250 new pilot jobs by 2019 and grow Transavia’s fleet to more than 100 aircraft from about 50 at present

Mining

Glencore sells debt in Australia as it considers acquisitions

Glencore Xstrata CEO Ivan Glasenberg
2 day(s) ago

Company is selling debt in Australia for the first time after the discount for shifting funds out of the local currency climbed to an almost two-year high

Retail & Consumer

Retailers strive to adapt as customers struggle

Picture: THE TIMES
3 day(s) ago

Supermarket chains turn to innovative promotions to attract cash-strapped consumers, writes Zeenat Moorad

Opinion

COMPANY COMMENT: Steinhoff; Compu-Clearing Outsourcing

Steinhoff CEO Markus Jooste. Picture: FINANCIAL MAIL

Ellerines an unlikely target for Steinhoff, while there appeared to be a real air of desperation when a punter took a costly nibble of perennially profitable CompuClear

Opinion

COMPANY COMMENT: Discovery; property merger

AMBITIOUS: Discovery CEO Adrian Gore announces results for the year to June in Sandton on Wednesday. The insurer reported operating profit increased 23% to R5bn, and had averaged 22% growth a year over the past decade.
Picture: MARTIN RHODES

Big Brother watches Discovery members, while the merger of Octodec Investments and Premium Properties gets the green light from the Competition Commission

Healthcare

MMI to spend R1.3bn on group growth

Nicolaas Kruger, MMI Group CEO addresses the media and analysts in Sandton on Wednesday.
Picture: MARTIN RHODES
3 day(s) ago

Insurer wants to grow the business organically and through acquisitions in SA as well as its international operations

Companies

PSG’s BEE shareholders ‘set free’

Picture: THINKSTOCK
3 day(s) ago

Shareholders in unlisted BEE group Thembeka Investments will receive a sizeable premium payout as part of an unwinding scheme

Retail & Consumer

Spur notes payday-related spikes in sales

Picture: DAILY DISPATCH
3 day(s) ago

Restaurant chain says spending remains constrained among lower- and middle-income families, has noticed marked increase in spending mid-month, month-end

Mining

Petmin insists it remains ‘a going concern’

Picture: ARDBEL
3 day(s) ago

Diversified miners says group is cash generative, there is sufficient liquidity, funding available to finance operations for foreseeable future

Financial Services

FirstRand on track to open Ghana bank

Sizwe Nxasana. Picture: MARTIN RHODES
4 day(s) ago

CEO Sizwe Nxasana wants to be ‘up and running’ early next year

Financial Services

RMB shrugs off difficult operating environment

Rand Merchant Bank. Picture: MARTIN RHODES
4 day(s) ago

Banking group says rough conditions due to uncertainty in global macroeconomic arena combined with subdued domestic demand growth, protracted industrial action

Retail & Consumer

Steinhoff hikes dividend in policy move

Steinhoff CEO Markus Jooste. Picture: FINANCIAL MAIL
4 day(s) ago

Helped by positive currency swings, furniture group reports almost one-third rise in full-year profit, declares full-year cash dividend of 150c per share

Land & Agriculture

Farming unit helps lift profit for Capespan

Capespan MD Johan Dique. Picture: FINANCIAL MAIL
4 day(s) ago

Stalwart of local fruit industry reports 186% hike in operating profit

Healthcare

Health-brands firm Ascendis to pay maiden dividend

Ascendis CEO Karsten Wellner. Picture: TREVOR SAMSON
4 day(s) ago

CEO Karsten Wellner says the company aims to hold dividend payments at 20%-25% of earnings

Property

Investec sells UK mortgage businesses

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

Investec sells UK mortgage assets to funds managed by Blackstone Tactical Opportunities Advisors

Financial Services

Sanlam names Van Zyl’s successor

Ian Kirk. Picture: RUSSELL ROBERTS
4 day(s) ago

Insurer announces that Ian Kirk, CEO of short-term insurance business Santam, will succeed CEO Johan Van Zyl

Energy

Eskom seals contract with Areva as Westinghouse threatens lawsuit

Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES
6 day(s) ago

Bid loser alleges corruption in R4bn Koeberg contract and wins court order forcing Eskom and Areva to deliver winning bid documents to it

 
All Share 51247.710.00% same
Top 40 45865.200.00% same
Financial 15 14805.820.00% same
Industrial 25 60443.300.00% same
Resource 10 55141.380.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6806.960.00% same
Dow Jones 16987.510.00% same
All Share 51247.710.00% same
ASX 5490.70-0.75% down
S&P 500 1985.5400.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 11.05410.21% up
GBP/ZAR 17.96360.19% up
EUR/ZAR 14.33140.26% up
JPY/ZAR 0.10310.34% up
AUD/ZAR 9.96260.31% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1232.31500.44% up
Platinum 1370.00000.59% up
Silver 18.66500.45% up
Palladium 841.00001.33% up
Brent Crude Oil 97.3400.35% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51247.71
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    Top 40 : 45865.20
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    Financial 15 : 14805.82
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    Industrial 25 : 60443.30
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    Resource 10 : 55141.38
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    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6806.96
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    Dow Jones : 16987.51
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    Hang Seng : 24595.32
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    ASX : 5490.70
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    S&P 500 : 1985.540
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    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.0540
    Change: 0.21%
    ZAR/GBP : 17.9627
    Change: 0.19%
    ZAR/EUR : 14.3310
    Change: 0.26%
    ZAR/JPY : 0.1031
    Change: 0.32%
    ZAR/AUD : 9.9621
    Change: 0.30%
    All data is delayed by 15 min
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  • Gold : 1231.8100
    Change: 0.40%
    Platinum : 1369.2000
    Change: 0.53%
    Silver : 18.6625
    Change: 0.43%
    Palladium : 839.0000
    Change: 1.08%
    Brent Crude Oil : 97.360
    Change: 0.37%
    All data is delayed by 15 min
    Data supplied by INET BFA
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