• Friday, July 03 2015
  • JSE Sens
  • Subscribe
  • Register

Telecoms & Technology

PIC scores big in Vodacom stake buy

PIC chief investment officer Daniel Matjila. Picture: TREVOR SAMSON

PIC secured itself a 10% discount when it came to the government’s rescue by buying its 13.9% stake in cellphone operator Vodacom

Mining

Xtract bets on gold in Mozambique

GOLD SMELTING: Job creation could best be achieved by industrial development. It was believed that manufacturing could employ a much higher proportion of workers than mining because of its greater need for skilled labour.  Picture: PIETER DE RAS

Miner focuses on Manica gold prospect in Mozambique as well as a copper dump retreatment project in Northern Cape

Mining

South32 shares take a beating as commodity prices drop

Picture: THINKSTOCK

Some BHP Billiton shareholders who own South32 stock likely to join sell-off to rebalance their portfolios

Financial Services

Kagiso Trust plans new equity fund

Picture: THINKSTOCK

Partnership with big businesses take centre stage with and the finer details expected in the next few months

Telecoms & Technology

Government sells its stake in Vodacom

Vodacom branding on the Ponte Building in Hilbrow, Johannesburg, in 2011. Picture: GALLO IMAGES/FOTO24/FELIX DLANGAMANDLA

Government agrees to sell stake in mobile network provider to Public Investment Corporation to raise funds Eskom

Mining

STOCKWATCH: Assore shares drop after warning of drop in earnings

Rio Tinto’s Hamersley Iron ship is loaded with iron ore in Western Australia in this undated company handout photo. Picture: BLOOMBERG

Shares in mining company slide to 10-year lows after it announces it expects more than 50% decline in full-year headline earnings

Picture: GETTY IMAGES

Rumbles over Uber as bus system deal inked

City of Johannesburg wants ‘some regulation over moving force’ of app-based taxi service Uber

Financial Services

Investec plans to spread chief duties

Investec. Picture: MARTIN RHODES

Investec’ s board approves plan that will see group CEO Stephen Koseff and MD Bernard Kantor delegate more of their operational responsibilities — perhaps a sign that group is preparing for their departure

Odgers Berndtson

Odgers Berndtson connects SA’s top CEOs and MBA students

Odgers Berndtson MD Leon Ayo. Picture: MIKE TURNER

For second year running leading executive search firm Odgers Berndtson will connect SA’s top CEOs and MBA students with its CEO For A Day programme, writes Leon Ayo

Featured Partner

Opinion

COMPANY COMMENT: Equity markets; Cell C

Picture: MICHAEL ETTERSHANK

Equity markets on an even keel amid crisis, while Cell CEO Jose dos Santos fumes over spectrum allocation


International companies


Europe

New Deutsche Bank CEO delays overhaul, warns staff to behave

John Cryan.  Picture: REUTERS

John Cryan delays implementing strategic overhaul by three months, but tells staff to expect tough reforms as he shakes up group he says has become too diversified

Europe

Diageo offloads resort and golf venue

Picture: THINKSTOCK

Diageo sells Gleneagles Hotel to group led by private-equity firm Ennismore Capital

Americas

Tesla owners gripe over recharge waiting

Elon Musk.  Picture: REUTERS

Tesla owners’ superchargers are the equivalent of gas pumps to quickly recharge their battery-powered vehicles

Anglo American CEO Mark Cutifani. Picture: REUTERS

Anglo planning job cuts as investors push for bolder overhaul, sources claim

Anglo American planning to cut staff at head offices around world in effort to respond to commodity price rout , sources csay

Europe

European firms feel Aegean waves

Picture: THINKSTOCK

Greece’s turmoil ripples across corporate Europe as market rout sabotages planned bond sales and stock offerings

stock data business XXX   Picture: THINKSTOCK

London Metal Exchange has plan to curb long delays

World’s oldest and biggest market for industrial metals, the London Metal Exchange, seeks to bolster oversight of warehouses

Mining

Amplats helps miners dig a way out of debt

GAME CHANGER: Amplats’s Rustenburg mine is among those up for sale, in a  development that will offer opportunities for transformation and black  ownership in the mining sector. Picture: SYDNEY SESHIBEDI, THE TIMES

Reducing repayments eases pressure on companies and employers, writes Allan Seccombe

Energy

Oando sells downstream assets for $461.3m to ease net debt

Picture: THINKSTOCK

Sold downstream assets include Oando Marketing, a fuel retailing business with more than 400 outlets in Nigeria, Ghana and Togo among others

African Business

Congo miner reveals sale after IMF rebuke

Workers drill in a gold mine in Kibali, Democratic Republic of Congo. Picture: BLOOMBERG/SIMON DAWSON

DRC’s Gecamines discloses sale of copper mine to Glencore’s Mutanda unit after IMF and the Carter Center criticises its lack of transparency

Companies

Cold comfort for Shoprite in top court’s ruling on wine licence

Deputy Chief Justice Dikgang Moseneke. Picture: MARTIN RHODES

By a narrow majority, the Constitutional Court decided a licence to sell wine alongside other groceries was ‘property’ in terms of the Constitution

Property

Indluplace buys nine buildings for R420m

Property fund. Picture: THINKSTOCK

JSE’s first residential-focused real estate investment trust acquires nine high-rise apartment buildings in Hillbrow and Joubert Park

Europe

Davis’s X2 turns its focus to Rio Tinto coal

Mick Davis. Picture: BLOOMBERG

Former Xstrata boss under pressure to find deal to invest $5.6bn fund, writes Silvia Antonioli

Asia-Pacific

Australian iron ore exports set to surge

Rio Tinto’s Hamersley Iron ship is loaded with iron ore in Western Australia in this undated company handout photo. Picture: BLOOMBERG

Forecasts see 10% export rise — more than double the gain this year — as new mine backed by billionaire Gina Rinehart ramps up output

Americas

Willis Group, Towers Watson agree $18bn merger

Picture: THINKSTOCK

Insurance broker Willis Group Holdings to combine with financial services provider Towers Watson & Co to create new insurance, personnel and risk company

Telecoms & Technology

MTN Zakhele granted extension to continue trading shares until October

Picture: THINKSTOCK

Financial Services Board grants MTN Zakhele licence exemption though to end October ahead of news of listing

Industrials

Argent returns to black despite strike action

Picture: THINKSTOCK

Company to close Giflo in automotive side because of ‘poor margins’ and ongoing labour dispute with the National Union of Metalworkers of SA

Europe

Bank wary of ultra-low global interest rates

Picture: THINKSTOCK

Bank for International Settlements warns global economic growth remains uneven, debt in many areas high and rising, and explosion of credit growth shows renewed financial imbalances

Americas

Sony plans $3.6bn offering

Picture: REUTERS

Sony to issue new shares for first time since 1989, part of capital-raising plan that highlights potential of its fast-growing sensor business, but leaves some investors nervous

Opinion

COMPANY COMMENT: Naspers; Coast2Coast

Picture: SHELLEY CHRISTIANS

Naspers needs more than a sterling effort while the bigger C2C stake stems from a funding arrangement on one of Ascendis’s earlier acquisitions

Media & Advertising

Naspers sees e-commerce as the key to future growth

Picture: THINKSTOCK

CEO Bob van Dijk says India features high in their development spend and M&A spend, as well as Nigeria, SA, Brazil and Turkey

Telecoms & Technology

Stringent terms for Vodacom-Neotel merger

Tembinkosi Bonakele. Picture: FINANCIAL MAIL

Conditions cover black economic empowerment stake and infrastructure investment

Europe

German prosecutors investigate Deutsche Bank

Deutsche Bank. Picture: BLOOMBERG/KRISZTIAN BOCSI

Prosecutors say they are investigating five individuals in connection with Deutsche Bank’s participation in global interest rate rigging scandal

Companies

Mahindra aims for double-digit growth in Africa

The extended wheelbase provides for a larger load box.  Picture: QUICKPIC

Utility and tractor producer sets up Africa-focused business unit, hopes aggressive expansion will help spur 10-fold increase in business

KWV seeks to tap into Russia and US

Bid for new overseas markets to increase profit and make KWV Holdings a global, diversified alcoholic beverages group

Opinion

ON THE MONEY: BEE deals beneficial, but be careful

American and European monetary policy makers are largely to thank for the R317bn in black wealth creation in SA

Opinion

COMPANY COMMENT: Listed property index; KWV

Picture: THINKSTOCK

Property sticking to comeback promise while Paarl-based liquor group KWV’s annual general meeting of probably won’t be a festive occasion given that the over-the-counter share price has stumbled to 550c

Financial Services

New African Bank set for slow rise from ashes

Tom Winterboer.  Picture: RUSSELL ROBERTS

Questions remain on what led to the failure of the unsecured lender and who should be held responsible

Telecoms & Technology

Cost routing is TeleMasters’ future bet

Picture:  THINKSTOCK

Communications group has faith in least-cost routing market deemed unviable in recent years because of falling mobile prices

Industrials

Hudaco reaps rewards of acquisitions

Picture: THINKSTOCK

Industrial products distributor Hudaco reports stellar results as acquisition strategy to reduce dependence on SA’s mining and manufacturing sectors ‘pays off’

Property

SA office spaces are all dressed up — with no one to fill them

Picture: THINKSTOCK

Sluggish economy hits property funds as few companies seek new office space, writes Alistair Anderson

Financial Services

African Bank reduces first-half loss

Picture: MICHAEL ETTERSHANK

Troubled unsecured lender says lower monthly disbursements, paydown of loans, which decreased income from operations, affected earnings

Mining

Political royalty told to pay for Aurora

EQUAL: President Jacob Zuma and Michael Hulley at the Constitutional Court in 2008. Picture: THE TIMES

Aurora Empowerment Systems’s directors and management — including elements of SA’s political elite — stand personally liable for about R1.7bn

Standard Bank

Share search

Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.

Calendar

No events scheduled
  • All Share : 52215.4673
    Change: 0.63%
    Top 40 : 46627.77
    Change: 0.68%
    Financial 15 : 16624.47
    Change: 0.54%
    Industrial 25 : 67563.2737
    Change: 0.55%
    Resource 10 : 39071.9264
    Change: 1.16%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • FTSE 100 : 6608.59
    Change: 0.00%
    Dow Jones Industrial : 17757.91
    Change: 0.00%
    All Share : 52215.4673
    Change: 0.63%
    ASX All Ordinaries : 0
    Change: 0.00%
    S&P 500 index : 2077.42
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • ZAR/USD : 12.2853
    Change: 0.31%
    ZAR/GBP : 19.1421
    Change: 0.39%
    ZAR/EUR : 13.6226
    Change: 0.40%
    ZAR/JPY : 0.0993
    Change: 0.40%
    ZAR/AUD : 9.3197
    Change: -0.28%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • N/A : 1165.89
    Change: 0.00%
    Platinum US$/oz : 1084
    Change: 0.00%
    Silver US$/oz : 15.7
    Change: 0.00%
    Palladium US$/oz : 692.57
    Change: 0.00%
    Brent Crude : 61.8
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by Profile Data
Content