• Wednesday, September 17 2014
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Picture: THINKSTOCK

CIPC website back up after crash

8 hour(s) ago

Companies and Intellectual Property Commission confirms e-services ‘up and running’, says unavailability of Telkom was reason for downtime

Healthcare

MARKET WATCH: Healthcare shares continue rally as investors see value

Picture: THINKSTOCK
8 hour(s) ago

Analyst says stocks are attractive because demand for healthcare is inelastic — if someone needs medical care, it cannot be delayed or postponed

Retail & Consumer

Pizza Hut returns to South Africa

9 hour(s) ago

Pizza Hut chain is returning after a six-year absence with new focus on delivery meals and plan to use country as platform to enter other parts of the continent

Mining

De Beers’ model aims to boost sector credit

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG
17 hour(s) ago

Company says it has developed model to underpin economic base of cutting, polishing and jewellery making segment of diamond industry

Retail & Consumer

Strong euro knocks Richemont

A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture: BLOOMBERG
12 hour(s) ago

Luxury goods maker says low growth in Europe, decreases in Asia-Pacific region, Japan offset strong performance in Middle East, US markets

Financial Services

FirstRand takes sector lead despite lagging Africa growth

Emilio Pera, lead finance director at EY. Picture: FINANCIAL MAIL
15 hour(s) ago

FirstRand ahead of Standard Bank, Barclays Africa and Nedbank with R9.9bn in headline earnings for the first half of 2014

Retail & Consumer

Clover down on ‘constrained environment’

Clover CE Johann Vorster. Picture: ARNOLD PRONTO
15 hour(s) ago

The full recovery of higher input costs, like a roughly R50m increase in the costs of raw milk, could not immediately be passed on to consumers

SHINE: Diamond buyer Elliot Tannenbaum, from the Leo Schachter Diamond Group, looks at uncut diamonds at De Beers’ offices in London in August this year. Picture: REUTERS

Anxious De Beers studies market in second-hand diamonds

Expert estimates the recycled diamond market is worth about $1bn

Financial Services

Anchor Group ‘may pay half its earnings in dividends’

Picture: THINKSTOCK
15 hour(s) ago

Anchor Group raises R60m in its listing on the JSE’s Alternative Exchange

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


Europe

Airbus to sell off business units

STRATEGY: A member of staff works on an aircraft on the Eurofighter Typhoon production line at BAE system’s Warton plant near Preston, northern in England on September 7, 2012. Europe’s defence industry is struggling as cash-strapped governments cut back on military spending. Picture: REUTERS
17 hour(s) ago

Company plans to sell half a dozen businesses with combined annual revenues of about €2bn, simplifying its defence and space division to focus on warplanes, missiles, launchers and satellites

Americas

Tax credit for global Brazilian companies

Picture: THINKSTOCK
17 hour(s) ago

The tax credit would improve companies’ competitiveness abroad by relieving them of a burden that other firms operating in the same countries don’t face

PASSIONATE: Bafana Bafana supporters pose during an address in Johannesburg to mark 10 days to the African Nations Cup. Picture: SOWETAN

Nissan backs soccer with Africa as goal

Japanese car maker hoping that if it plays ball with African consumers, they will return the favour by kicking out its rivals
Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES

Eskom not complying with order, says Westinghouse

Company says Eskom has failed to hand over documents related to the awarding of a R4bn tender to Areva NP Proprietary

Mining

AngloGold about-turn on split, rights issue

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

Shareholder hostility sinks plan to split company in two

Financial Services

Profitable DBSA plans to commit R1.9bn to equity investments

Development Bank of Southern Africa CEO Patrick Dlamini. Picture: PUXLEY MAKGATHO
1 day(s) ago

Investments will focus on infrastructure and form part of company’s plan to diversify income and generate returns from activities beyond lending

Telecoms & Technology

MTN boosts its loan facilities, driving talk of an acquisition

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

MTN increases borrowing ability dramatically, fuelling analysts’ speculation that an acquisition may be on the cards

Energy

Ipsa plans to take advantage of Eskom’s falling reserve margin

Picture: THINKSTOCK.
2 day(s) ago

JSE’s only listed independent power producer has addressed legacy issues and is gearing up to seize opportunities offered by Eskom’s shrinking reserve margin

Energy

Eskom not taking part in nuclear acquisition

Eskom's Medupi station. Picture: ARNOLD PRONTO
2 day(s) ago

Formerly designated ‘owner and operator’ of SA’s nuclear programme, utility will not be involved in the up coming nuclear procurement

Mining

Finding new deposits of diamonds ‘crucial’

SHINE: Diamond buyer Elliot Tannenbaum, from the Leo Schachter Diamond Group, looks at uncut diamonds at De Beers’ offices in London in August this year. Picture: REUTERS
2 day(s) ago

Synthetic diamonds ‘can threaten the market’ if supply of natural diamonds cannot keep up with demand

Business Times

Bitter turnaround medicine for Ellerines

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

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

Mining

Union may strike if Sibanye cuts jobs

Neal Froneman. Picture: MARTIN RHODES
2 day(s) ago

Sibanye Gold could face strike action if restructure process being evaluated by the mining house involves job cuts, says National Union of Mineworkers

Land & Agriculture

Tongaat share spikes despite falling prices

Picture: THINKSTOCK
2 day(s) ago

Tongaat’s share price has jumped 51.5% since late March to R164.50, while Illovo Sugar’s stock has gained 5.4% over the same period to R27.75

Europe

Swiss banks rethink business models to survive

A Credit Suisse cash services sign placed at a cafe outside a Credit Suisse bank branch in Zurich, Switzerland. Picture: BLOOMBERG
2 day(s) ago

Already reeling from the painful process of making amends for allowing foreign nationals to hide assets from the taxman back home, the secretive sector is now bracing for another seismic shift

Business Times

New ‘African Bank’ to list by February

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

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

Business Times

High noon for Net1 over grants

Net1 UEPS chairman and CEO Serge Belamant.  Picture: ROBERT BOTHA
3 day(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

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
3 day(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

Business Times

Retail power gives Steinhoff muscle

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

Even furniture rivals admire group's success

Financial Services

Rand Merchant Insurance lifts dividend, eyes prospects

Picture: THINKSTOCK
5 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
6 day(s) ago

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

Business Times

AngloGold investors revolt

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

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

Financial Services

African Bank gets ready for licence bid

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

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

Retail & Consumer

Spur beefs up its stake in food war

Spur CE Pierre van Tonder. Picture: FINANCIAL MAIL
5 day(s) ago

Talk of Burger King deal to compete with Famous Brands

Europe

Sanctions start to hurt Rosneft

Picture: REUTERS
7 day(s) ago

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

Media & Advertising

Naspers ‘plans sale of Swiss retailer’

Picture: SHELLEY CHRISTIANS
5 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

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

Mining

RBPlat completes first-stage of housing project

Royal Bafokeng Platinum CEO Steve Phiri. Picture: SUNDAY TIMES
17 hour(s) ago

Royal Bafokeng Platinum housing strategy may serve as model for other mining companies to meet long-standing demand from National Union of Mineworkers

Telecoms & Technology

MTN SA boss sees no way round cuts

LEANER: MTN SA CEO Ahmad Farroukh, who headed the Nigerian operation when it underwent a restructuring similar to the one MTN SA faces, talks to Business Day on Tuesday. Picture: MARTIN RHODES
17 hour(s) ago

Firm needs to return to earlier growth and margins, says CEO

Mining

Sibanye shares fall on news of possible job cuts at shaft Cooke 4

Neal Froneman. Picture: MARTIN RHODES
1 day(s) ago

Company has started consultation with labour and other stakeholders that could lead to a restructuring of the loss-making Cooke 4 shaft in Westonaria

Mining

De Beers looks hard at its future in Kimberley

Picture: THINKSTOCK
1 day(s) ago

De Beers may be coming to the end of its involvement in Kimberley after more than a century of mining diamonds there

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

Land & Agriculture

Capespan buys stake in clearing specialist

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

Capespan MD Johan Dique says acquisition of Aspen will unlock significant synergies in its fruit logistics operations

Media & Advertising

Moneyweb to move house to save costs

Moneyweb chairman Paul Jenkins. Picture: FINANCIAL MAIL
2 day(s) ago

Moneyweb currently operates from the mixed-use Melrose Arch precinct in Johannesburg — which is considered one of SA’s prime real estate developments

Business Times

Steady SABMiller a good bet in emerging markets

Picture: FINANCIAL MAIL
3 day(s) ago

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

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
5 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

National

Grants agency told to protect beneficiary data

Social Development Minister Bathabile Dlamini. Picture: TREVOR SAMSON
5 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
5 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

Retail & Consumer

Steinhoff property surge is over — CEO

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

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

Mining

Glencore sells debt in Australia as it considers acquisitions

Glencore Xstrata CEO Ivan Glasenberg
5 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

Land & Agriculture

Afgri partners with East African exchange

Afgri CEO Chris Venter. Picture: FINANCIAL MAIL
5 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
5 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

Retail & Consumer

Retailers strive to adapt as customers struggle

Picture: THE TIMES
6 day(s) ago

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

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
6 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
6 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
6 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

Financial Services

Transaction Capital expects household finances to remain strained

Picture: THINKSTOCK
6 day(s) ago

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

Mining

Petmin insists it remains ‘a going concern’

Picture: ARDBEL
6 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
7 day(s) ago

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

 
All Share 51173.03-0.01% down
Top 40 45814.29-0.15% down
Financial 15 14844.800.81% up
Industrial 25 60422.80-0.53% down
Resource 10 54924.710.23% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6780.90-0.17% down
Dow Jones 17156.850.15% up
All Share 51173.03-0.01% down
ASX 5411.400.00% same
S&P 500 2001.5700.13% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 11.03461.26% up
GBP/ZAR 17.95571.38% up
EUR/ZAR 14.19520.58% up
JPY/ZAR 0.10190.16% up
AUD/ZAR 9.8889-0.03% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51173.03
    Change: -0.01%
    Top 40 : 45814.29
    Change: -0.15%
    Financial 15 : 14844.80
    Change: 0.81%
    Industrial 25 : 60422.80
    Change: -0.53%
    Resource 10 : 54924.71
    Change: 0.23%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6780.90
    Change: -0.17%
    Dow Jones : 17156.85
    Change: 0.15%
    Hang Seng : 24376.41
    Change: 0.00%
    ASX : 5411.40
    Change: 0.00%
    S&P 500 : 2001.570
    Change: 0.13%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.0336
    Change: 1.25%
    ZAR/GBP : 17.9460
    Change: 1.33%
    ZAR/EUR : 14.1909
    Change: 0.55%
    ZAR/JPY : 0.1018
    Change: 0.15%
    ZAR/AUD : 9.8843
    Change: -0.07%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1223.5200
    Change: -0.90%
    Platinum : 1352.0000
    Change: -0.59%
    Silver : 18.5650
    Change: -0.76%
    Palladium : 835.0000
    Change: -0.24%
    Brent Crude Oil : 98.700
    Change: -0.27%
    All data is delayed by 15 min
    Data supplied by INET BFA
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