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Media & Advertising

Times Media sees drop in first-half headline earnings


Times Media Group expects headline earnings of 67c per share in six months ended December 2014 from 196c per share in year-earlier period

Financial Services

Capitec looks set to rival big four banks


Main customer haemorrhage appears to have come from Barclays Africa, which used to be dominant with a customer base of between 10-million and 12-million


Investec builds stake in Sydney

Sydney, Australia. Picture: BLOOMBERG/BRENDON THORNE

Group hopes office property, situated in a fast-growing decentralised node in Australia's top city, will attract tenants seeking lower rentals


Nampak expects R76.4m impairment following sale of flexible division

Andre de Ruyter. Picture: SUPPLIED BY NAMPAK

Packaging group says impairment of about R76.4m will be accounted for in results for six-month period ending March 2015

Financial Services

Big banks set to ‘stay profitable’


FirstRand, Standard Bank, Barclays Africa and Nedbank all grow headline earnings despite weak economic growth

Financial Services

Credit controls steer Capitec higher


Financial results show bank group is managing bad debts and attracting more customers

Tom Winterboer.  Picture: RUSSELL ROBERTS

African Bank creditors in last-ditch effort

Amendment bill ‘infringes on the rule of law, the right to equal treatment under the constitution, and the right to property’


Jubilee gears up to sell off power assets

Jubilee Platinum CEO Leon Coetzer. Picture: FINANCIAL MAIL

Jubilee bought the smelting assets in Middelburg in 2010 and has invested in them to make them strong revenue generators

The Field Office

The magic of technology


People are starting to realise just how important technological changes in the workplace are. The trends for mobility and bring your own device (BYOD) are gaining momentum

Brand Voice


COMPANY COMMENT: Andulela; Jubilee Platinum


Andulela Investment Holdings seems to be the perfect stock for investment masochists, while Jubilee finds ConRoast a tough sell

International companies


Berkshire and 3G Capital to take over Kraft

Warren Buffett’s Berkshire Hathaway and Jorge Paulo Lemann’s 3G Capital have agreed to buy HJ Heinz, ending the independence of the iconic tomato sauce maker that can trace its roots to the 1860s. File picture: Bloomberg

Merged with HJ Heinz, Berkshire and 3G will invest another $10bn and call the new giant Kraft Heinz Company


Speculation swirls around possible takeover of Neptune Orient

Neptune Orient said last month it would sell APL Logistics, its supply and freight-management unit, to Japan’s Kintetsu World Express. File Picture: BLOOMBERG

Global shipping company will benefit from the US’s economic recovery and return to profit in 2015, say analysts

Picture: REUTERS

Modular mojo: Toyota re-engineers its appeal

Toyota is looking to cast off reputation for making reliable, but often dull, cars in wide-ranging review of its designs, technologies, factories and supply deals

Microsoft apps to be pre-installed on some Android devices

In bid to get Microsoft’s mobile apps into as many hands as possible, company is teaming up with unlikely allies: companies that make smartphones powered by Android software


Telefónica to sell Britain’s O2 for $13.83bn to Hutchison

Telefónica. Picture: BLOOMBERG

Spanish telecommunications company Telefónica reaches deal to sell British cellphone operator to Hutchison Whampoa of Hong Kong


Macau diversifies tourism as casino sector struggles

Macau CE Fernando Chui Sai-On chats with Las Vegas Sands  CEO Sheldon Adelson (right) during the opening ceremony of Sands Cotai Central in  Macau. The city's gaming revenue is expected to fall for a second year. File picture: REUTERS/TYRONE SIU

Macau city’s CE says ‘adjustment’ period of slower growth will need to be counteracted with a broader range of attractions

Telecoms & Technology

Teraco plans new data centre as demand rises


New R500m data centre will be completed in 2017 and is set to be the biggest in southern Africa


Simmering problems unearthed at Wescoal

André Boje. Picture: MARTIN RHODES

Mediator called in to steady SA’s largest coal-trading company as shareholders push for more independent directors

Retail & Consumer

Clover looks for new pastures and fast-growing economies in Africa

Clover CE Johann Vorster. Picture: ARNOLD PRONTO

Dairy group’s long-life products could appeal to urbanised middle classes with higher incomes on the continent


Glencore’s Japanese coal deal expected to be set at six-year low

Picture: REUTERS

Slump in oil and liquefied natural gas prices, and the prospect of nuclear reactors restarting in Japan, is undermining demand for coal

Retail & Consumer

Emperor to fall with R9.4bn casino bid

Peermont Global's flagship Emperors Palace casino.

Sun International surprises with a R9.4bn buyout offer for debt-laden Peermont Global and its flagship Emperors Palace casino

Financial Services

Capitec weathers African Bank storm


Unsecured lender says there was some depositor hesitation in wake of African Bank curatorship, but by year-end clients proved to be ‘unaffected by drama’


Talk of strategic dissent as Advtech CEO quits

Leslie Maasdorp. Picture: WORLD ECONOMIC FORUM

Speculation points to differences of opinion with directors over a strategy to break into the affordable school market


Basil Read stock plummets

Neville Nicolau. Picture: BUSINESS DAY

Earnings per share to plunge to a loss of between 349% and 369% lower than last year, construction and engineering group warns


Amazon wins approval to test drones outdoors


Federal Aviation Administration has issued experimental airworthiness certificate to prototype drone, allowing test flights over private, rural land

Business Times

Naspers eyes R2,000 mark on Tencent


The rise of local media group Naspers, whose share price has crossed the R1800 mark, shows no signs of abating


Hyundai sticks to tried strategy

Picture: REUTERS

Market ‘is becoming more diverse, more complex and the international economic situation more volatile’, Wesbank CEO warns

Business Times

‘Lavish spending’ at teetering Waterberg

Stephen Miller, executive director at Waterberg Coal. Picture: SUNDAY TIMES

Claims of extravagant spending by Waterberg Coal’s top brass under the spotlight after Standard Bank demands the coal junior repay R400-million borrowed two years ago by April 9

Business Times

Stock plunge rocks Basil Read

Neville Nicolau. Picture: BUSINESS DAY

Action looms over insider trading as perfect storm hits construction firm


Tesla to upgrade cars via web

Tesla Motors Inc CEO Elon Musk.  Picture: REUTERS

Tesla Motors commits to series of upgrades for Model S electric cars that it will deliver to owners via internet


You can't have it both ways, Vodafone

A customer waits outside the shuttered entrance of a Vodafone store ahead of opening in London. Picture: BLOOMBERG

UK parent's antimerger logic holds true in South Africa too


Lufthansa, Airbus shares slide on French Alps aircraft crash

A Germanwings Airbus A320 registration D-AIPX is seen at the Berlin airport in this March 29 2014 file photo. Picture: REUTERS

Shares in European aircraft maker Airbus and German airline Lufthansa tumble after passenger jet in its low-cost division, Germanwings, crashes in French Alps


Mexico gets $350m boost as GM Cruze arrives

Chevrolet cars are seen at a General Motors dealership.  Picture: REUTERS

GM so far has identified only three plants that will make the next-generation Cruze, including in China


Beijing to close more coal-fired power plants

This picture taken last week shows traffic in heavy smog in Beijing. Coal usage in China will fall as cities such as Beijing move to cleaner fuel sources to tackle pollution. Picture: AFP PHOTO

Facing pressure at home and abroad leading polluter China turns to gas-fired stations


SABC board nominee turned down

Media Development and Diversity Agency CEO Lumko Mtimde failed to provide proof of his qualifications. File Picture: FINANCIAL MAIL

Proponent of media appeals tribunal turned down after failing to supply proof of educational qualifications


COMPANY COMMENT: Conduit Capital; Pallinghurst Resources


Shake-up at Conduit is raising eyebrows, while Pallinghurst Resources has both time and cash on its side, according to CEO Arne Frandsen


COMPANY COMMENT: Microsoft; Transaction Capital

Microsoft. Picture: BLOOMBERG / MIKE KANE

One Window may be closing for Microsoft, while Transaction Capital continues to perform ahead of its growth target


Wescoal boardroom drama rattles investors


Demand for independent directors comes after two previous calls by shareholders ignored


Audit call ‘triggered’ removal of Eskom execs

Eskom CEO Tshediso Matona. Picture: SIMPHIWE NKWALI

Call for proposals from auditing firms for a review of Eskom’s tendering processes may have been the trigger for the suspensions, with tenders above R300m facing probe


Aurora directors took ‘calculated risk’

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

Liquidators hope to ultimately recover about R1,5bn — which they say was lost due to the actions of Aurora


Lawyer asks court to treat Khulubuse Zuma ‘differently’

Aurora mine workers are pictured here clashing with police after their protest over a lack of food at their hostel and the company's failure to pay their wages. The last remaining 100 workers or so have gone on strike at cash-strapped miner, Aurora's Grootvlei Mine in Springs. Picture:  SOWETAN

During Aurora's time running the mines, pending a full sale, workers went without full pay for four months, assets were stripped and there was illegal mining

Financial Services

Anchor distances itself from Clarus ‘Ponzi’ scheme


Anchor Group CEO says there is no room for impropriety in R300m of Clarus’s unit trusts it administers


Pallinghurst is looking on the upside

Brian Gilbertson. Picture: SOWETAN

Shares climb nearly 4.5% after reporting a more than trebling in annual profit to $55m from $14.7m a year earlier

Telecoms & Technology

Cognition adds sport research to stable


Consulting and research firm buys 63% of BMi Sport Group — its third acquisition in nine months

Business Times

Job ad for CEO’s butler raises eyebrows — and red flag

A job advert in The Times raises eyebrows because it has a rather bizarre list of requirements


Attacq share hits record despite doubts about strategy

Attacq CEO Morné Wilken. Picture: ARNOLD PRONTO

Capital growth property group shrugs off scepticism about development plans as share price scales record heights


Final hurrah for Yahoo’s China unit

Marissa Mayer. Picture: REUTERS

Yahoo is looking for new ways to trim expenses as it comes under pressure from investors


African operations help lift ELB interim sales


Increase in sales mainly driven by higher activity in its African engineering and equipment operations, say ELB Group

Business Times

Advtech delays results as rumours swirl

Leslie Maasdorp. Picture: WORLD ECONOMIC FORUM

Speculation growing that Advtech is on the radar of a potential foreign buyer, as mystery continues to surround the delay in the release of the school group's year-end result

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