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Gold Fields CEO Nick Holland. Picture: MARTIN RHODES

Gold Fields to pounce on stragglers

2 day(s) ago

Gold Fields is on the hunt for mines sold by companies feeling the pain of a low gold price, and CEO Nick Holland expects to make a purchase next year

Transport & Tourism

Tsogo Sun places bet on growing casinos

Tsogo Sun CEO Marcel von Aulock.   Picture: TSOGO SUN
2 day(s) ago

CEO Marcel von Aulock says casino and hotel customers were under enormous pressure

Financial Services

Bus division gives HCI earnings surprise lift

Picture: SUNDAY TIMES
2 day(s) ago

Golden Arrow Bus Services, acquired for R250m in 2004, more than doubles its contribution

Financial Services

Investec double-digit profit growth ‘could improve’

Investec CEO Stephen Koseff addresses investors at a briefing in Sandton on Tuesday. Picture: MARTIN RHODES
2 day(s) ago

The group still has a large amount of legacy debt

Industrials

Nampak’s biggest deal to be Nigerian

Picture: THINKSTOCK
132 day(s) ago

Company plans to expand in Nigeria through acquisitions that may exceed its largest takeover deal to counter slowing growth in its main SA market

Industrials

Nampak to dispose of ‘poor performers’

Andre de Ruyter. Picture: SUPPLIED BY NAMPAK
2 day(s) ago

Packaging group selling most of its corrugated, sacks and tissue divisions in SA to Ethos Private Equity

Retail & Consumer

Edcon aims to get more credit for customers

Picture: Robbie Tshabalala
2 day(s) ago

Move will allow retail group to grow sales in a tough cycle when rivals are curbing credit extension due to high consumer debt levels

Retail & Consumer

Consumer plight hits Woolworths

A Woolworths Food store with restaurant
2 day(s) ago

Retailer has been wooing its competitors’ grocery shoppers by offering broader ranges, branded goods and bulk buys

BHP Billiton’s signboard outside Richards Bay. Picture: SUNDAY TIMES

Biggest miner defends its plan to split the company

New entity — provisionally named NewCo — will be dual-listed in Sydney and London, with an additional listing in Johannesburg

Mining

Bank cuts nickel price forecast on rising output of alternative metal

Picture: THINKSTOCK
2 day(s) ago

Stockpiles in warehouses the London Metal Exchange monitors expand 49%

Asia-Pacific

‘Massive expansions of iron ore are over,’ says BHP chief

Andrew Mackenzie. Picture: BLOOMBERG/IAN WALDIE
2 day(s) ago

In top metals consumer China, growth in its vast factory sector stalled in November

Asia-Pacific

Heap leaching technology test shows promise

A cyanide solution percolates through a pile of gold bearing ore during 'heap leaching' at Newmont Mining's operations in Nevada, the US. Picture: BLOOMBERG/STEPHEN HILGER
2 day(s) ago

If promising tests in Chile pan out the technology will be used at the Olympic Dam mine

Opinion

COMPANY COMMENT: PPC; Nashua Mobile

Bheki Sibiya. Picture:  RUSSELL ROBERTS

PPC’s antics show up in its numbers, Reunert will not be regretting its decision to close Nashua Mobile


International companies


Asia-Pacific

Google looks to get back into China

PRIVACY ISSUES: Pedestrians walk in front of Google’s headquarters in Mountain View, California. The US company has started to comply with the EU’s ‘right to be forgotten’ ruling. Picture: BLOOMBERG/DAVID PAUL MORRIS
2 day(s) ago

Google is considering bringing version of Play mobile-app store to China, a tentative but important step back into a country that Google mostly exited in 2010

Americas

Mega-merger fever returns to Wall Street

Wall Street. Picture: REUTERS
3 day(s) ago

Low-cost financing, strong equity markets, more confidence in corporate boardrooms, increasingly competitive deal landscape is driving activity

World

Uber under fire after series of missteps

Travis Kalanick. Picture: BLOOMBERG/BRENT LEWIN
2 day(s) ago

CEO Kalanick took to Twitter to distance firm from the strife

World

Bargains in iron ore ripe for the picking

ASSET: A clump of iron ore from a mine. Picture: REUTERS
2 day(s) ago

Mines face production costs that are too high for the market

Asia-Pacific

Heap leaching technology test shows promise

A cyanide solution percolates through a pile of gold bearing ore during 'heap leaching' at Newmont Mining's operations in Nevada, the US. Picture: BLOOMBERG/STEPHEN HILGER
2 day(s) ago

If promising tests in Chile pan out the technology will be used at the Olympic Dam mine

BHP Billiton’s signboard outside Richards Bay. Picture: SUNDAY TIMES

Biggest miner defends its plan to split the company

New entity — provisionally named NewCo — will be dual-listed in Sydney and London, with an additional listing in Johannesburg

World

Twitter eases pain of sharing tweets through direct messages

A Twitter logo made from Californian vehicle licence plates is shown at the company's headquarters in San Francisco, California. Picture: REUTERS
2 day(s) ago

Company says users can now share tweets through direct messages, a feature aimed to make it easier to continue public conversations in private forum

Asia-Pacific

‘Massive expansions of iron ore are over,’ says BHP chief

Andrew Mackenzie. Picture: BLOOMBERG/IAN WALDIE
2 day(s) ago

In top metals consumer China, growth in its vast factory sector stalled in November

Europe

RBS’s penalty highlights banks’ need to upgrade

A pedestrian passes a Royal Bank of Scotland branch in the City of London. Picture: REUTERS
2 day(s) ago

Built on decades of consolidation, the banks are trying to simplify incremental technology upgrades

Miners at Gold Fields' Driefontein mine, west of Johannesburg. Picture: SOWETAN

Gold price and poor weather hit Gold Fields

Gold producer says South Deep has come to end of underground support programme, this has disrupted production, has had knock-on effect

Mining

Gemfields plans to make Faberge profitable in two years’ time

A  Faberge enamel and two colour gold egg bonbonniere. Picture: BLOOMBERG
3 day(s) ago

Although Gemfields is aiming to increase the number of Faberge stores from five to about 12 to 15 in the next few years it is not looking to grow it further

Mining

Keaton to pay dividend at end of financial year

Keaton Energy CEO Mandi Glad. Picture: RUSSELL ROBERTS
3 day(s) ago

CEO Mandi Glad is optimistic about coal sales in SA

Industrials

Tribunal goes easy on struggling Civcon

Picture: THINKSTOCK
3 day(s) ago

Company undergoing a business rescue when it heard about the investigations

Mining

Tonnes of coal drives Wescoal to extend stay

Andre Bojé, CEO of Wescoal. Picture: FINANCIAL MAIL
3 day(s) ago

Miner will continue with its mining operations across the boundary

African Business

Ex-CE of Ellerines at helm of Zimbabwe’s Innscor

Picture: THINKSTOCK
3 day(s) ago

Former CE of failed furniture retailer heads largest fast food, retail group in Zimbabwe, but has to shuttle between two countries because he has no work permit

Financial Services

Stock boom propels Sanlam’s India fund

Picture: GALLO IMAGES/CHARLES GALLO
4 day(s) ago

South Africans brave enough to diversify offshore also did well over three years — the Old Mutual Global Equity fund was the best performer at the end of October

Industrials

No brawl as PPC posts poor results

Bheki Sibiya. Picture:  RUSSELL ROBERTS
4 day(s) ago

Investors and spectators will have to wait until December 8 to get some insight into how the extraordinary move by activist shareholders to replace the entire board plays out

Companies

S&P upbeat on future of SA corporate bonds

Picture: THINKSTOCK
4 day(s) ago

In many developing markets there was a lot of subinvestment rated bonds, but there was little of this in SA

Telecoms & Technology

Business Connexion targets 17% on equity

Business Connexion CEO Isaac Mophatlane. Picture: SOWETAN
4 day(s) ago

This will be achieved through a combination of divisional profitability improvements, an enhanced debt profile, share buybacks, further acquisitions

Property

MAS focuses on Germany as it aims to treble its portfolio

MAS Real Estate CEO Lukas Nakos. Picture: FINANCIAL MAIL
4 day(s) ago

Company offers local investors direct exposure to property returns generated in large European markets

Telecoms & Technology

Business Connexion ready to play its part in ‘internet of things’

Business Connexion CEO Isaac Mophatlane. Picture: SOWETAN
5 day(s) ago

Technology group says as world moves towards every ‘thing’ being connected, boundaries between traditional markets, other industries are disappearing

Healthcare

Aspen wants more of state’s antiretroviral tender

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

Drug maker eyeing bigger slice in upcoming R24bn state tender for ARVs after investing billions upgrading its manufacturing sites

Retail & Consumer

Toyota aims to replicate Prius success with fuel cell Mirai

Picture: REUTERS
5 day(s) ago

Car maker will introduce its first mass-market fuel cell car next month, hoping to replicate success of its Prius hybrid

Opinion

COMPANY COMMENT: Telkom; Life Healthcare

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO

Telkom price seems to defy the odds, while Life Healthcare offers great prospects because it has more latitude to expand offshore

Transport & Tourism

Minister intervenes in SAA debacle to ensure ‘fair process’ to resolve matter

SAA. Picture: GALLO IMAGES/ALON SKUY
3 day(s) ago

Public Enterprises Minister Lynne Brown says she has intervened in impasse between chief executive of SAA Monwabisi Kalawe and board of SAA

African Business

Tiger takes another hit on Nigerian adventure

Tiger Brands CEO Peter Matlare. Picture: MARTIN RHODES
3 day(s) ago

Close to R1bn of R1.5bn written off as Tiger CEO Peter Matlare admits the company should have been more circumspect in its approach

Energy

PetroSA chair faces criminal charges

Tina Joemat-Pettersson. Picture: GCIS
3 day(s) ago

Former cabinet minister Zola Skweyiya is considering laying criminal charges against new PetroSA chairman Tshepo Kgadima after he failed to recover the R3m he gave to the latter

Property

Redefine BDL’s sights set on portfolio of 100

Redefine Properties International CEO Mike Watters. Picture: FINANCIAL MAIL
3 day(s) ago

The only other listed hotel exposure option for South African investors is Hospitality Property Fund

Industrials

ArcelorMittal slides after news of problems with restarting Newcastle blast furnace

Steel coils.  Picture: BLOOMBERG
3 day(s) ago

ArcelorMittal SA says given the timing of the problem, imports were not an option

Energy

SacOil aims to diversify via new projects

Thabo Kgogo. Picture: SACOIL
3 day(s) ago

The waters off Mozambique are the site of the world’s largest natural-gas discovery in a decade

Retail & Consumer

Buying patterns of fresh produce suggest ‘local is still lekker’

Picture: FINANCIAL MAIL
3 day(s) ago

Most consumers make it clear they will not pay more for a local product just because it is produced in SA, says Pick n Pay executive

Industrials

Austro eyes acquisitions to realise growth

Paul Mansour. Picture: FINANCIAL MAIL
3 day(s) ago

Company will look at opportunities in the power and fuel sectors in sub-Saharan Africa

Opinion

COMPANY COMMENT: Cadiz; Pan African Resources

Picture: THINKSTOCK

Cadiz loses assets as turnaround recedes, while Pan African Resources has finally drawn a line beneath its foray into Mozambique

Opinion

Blow after blow for ArcelorMittal

Forcing a struggling behemoth to adopt pricing below import parity makes it vulnerable to imports

Energy

SA’s firms would play role in nuclear build

POWER GENERATION: French nuclear group Areva built the two nuclear reactors in operation on the Koeberg site in the Western Cape.
4 day(s) ago

Government has already signed co-operation agreements with Russia, China, France and South Korea

Retail & Consumer

Investment in Africa ‘must be for the long term’

Picture: THINKSTOCK
4 day(s) ago

There is a deficit between economic growth and the rate of infrastructure investment

Mining

Miners unite to market platinum

Anglo American Platinum CEO Chris Griffith. Picture: ARNOLD PRONTO
4 day(s) ago

Global council formed with offices planned for Asia and the US

Property

Rockcastle to move from AltX to JSE main board

Picture: MICHAEL ETTERSHANK
5 day(s) ago

Rockcastle’s listing will be transferred to main board of JSE from next Tuesday, and will not affect current listing on Stock Exchange of Mauritius

Financial Services

Investment fee reform mooted

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
4 day(s) ago

Financial Services Board suggests doing away with the payment of commission on investment products

Companies

Reunert targets acquisitions

Picture: THINKSTOCK
4 day(s) ago

Group warns that economic and social uncertainties would make organic growth challenging

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Calendar

Business Connexion Business Connexion finals
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Austro Austro finals
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