• Sunday, August 30 2015
  • JSE Sens

Retail & Consumer

Bittersweet choice in Woolworths’ checkout aisles

Woolworths store at the V&A Waterfront in Cape Town.
1 day(s) ago

Retailer has bittersweet treat for its customers — it’s removing all chocolates and other sugary goodies from its checkout queue

Mining

Thabazimbi exit by Kumba suits Aquila

Picture: ISTOCK
1 day(s) ago

Baosteel subsidiary Aquila Resources sees its iron-ore deposit near Thabazimbi filling gap left by Kumba Iron Ore

Retail & Consumer

Stronger dollar mutes Massmarts hopes

Makro store in Midrand, Johannesburg. Picture: SOWETAN/ANTONIO MUCHAVE
1 day(s) ago

Many African countries in which Massmart operates are facing double-dip challenges from stronger dollar and weaker commodity prices

Retail & Consumer

Retailers rue costs of power outages

Picture: THINKSTOCK
1 day(s) ago

Drop in foot traffic at malls stores without emergency power damper sales

Property

Nepi nets another mall in Bucharest

Picture: THINKSTOCK
1 day(s) ago

New Europe Property Investments to acquire shopping centre in Romania in a deal worth €86m

Industrials

Basil Read returns to profitability

Neville Nicolau. Picture: FREDDY MAVUNDA
1 day(s) ago

Under new CE, Neville Nicolau, construction company has embarked on restructuring drive that aims to cut costs, improve operational performance

Retail & Consumer

Italtile lays down marker with big gains

Picture: THINKSTOCK
1 day(s) ago

Building materials retailer records double-digit growth in turnover and trading profit with sales boost from lower-to-middle-income customers

Opinion

COMPANY COMMENT: MiX; Growthpoint

Norbert Sasse, Growthpoint CEO, addresses the media on the group’s results on Wednesday. He says there is very little the firm can buy in SA at the right price. Picture: MARTIN RHODES

Market might have taken more notice of MiX Telematics’s new strategic signals were it not for the prevailing ructions on bourses

Picture: REUTERS

Volkswagen to invest R4.5bn in new models, Uitenhage factory

Group says it will invest more than R4.5bn by 2017 for new models, infrastructure at Uitenhage vehicles factory to help VW continue to dominate SA passenger car market

Industrials

Afrox restructure hits sales, costs decline

Picture: FINANCIAL MAIL
1 day(s) ago

African Oxygen enjoys healthy cash flow while net debt down to R354m from R677m

Financial Services

Top forex brokerage suspended over ponzi scheme

Picture: THINKSTOCK
1 day(s) ago

Action against foreign exchange brokerage ACM Gold and Trading latest in string of regulatory crackdowns

Industrials

Earnings down at Murray & Roberts

Henry Laas. Picture: ARNOLD PRONTO
2 day(s) ago

Big falls in revenue and attributable earnings at construction and engineering company mainly due to subdued markets

Odgers Berndtson

Leading with passion is the only way to lead

Virgin Active SA managing director Ross Faragher-Thomas. Picture: SUPPLIED
2 day(s) ago

Passion and energy have become critical and complementary attributes for today’s business leaders, says MD of Virgin Active SA Ross Faragher-Thomas

Featured Partner

Opinion

COMPANY COMMENT: AngloGold; Telkom

Picture: THINKSTOCK

AngloGold CEO believes cutting interest payments is one of the ways the company will return to paying dividends it is, while it’s back to the drawing board for Telkom


International companies


Americas

US retailers prod China for lower prices after devaluation

Picture: REUTERS
1 day(s) ago

US retailers are starting to negotiate with Chinese suppliers to take advantage of lower manufacturing costs after China devalues yuan

Asia-Pacific

Uber China closes $1bn fundraising round, sources say

Picture: BLOOMBERG/ANDREW HARRER
1 day(s) ago

Uber closes fundraising round early, according to two people with knowledge of matter, with investors still hopeful for ride service despite strong domestic competition

Picture: REUTERS

Publishers brace for Apple’s ad-blocking

Sites already struggling to monetise growing mobile audience concerned about prospect of iPhone, iPad users being able to activate ad-blocking
Picture: THINKSTOCK

What CEOs need to know about managing millennials

DHL Express sub-Saharan Africa MD says company aims to move leadership teams towards 21st century leadership styles

Retail & Consumer

Woolworths reaps benefits of David Jones takeover

Picture: FINANCIAL MAIL
2 day(s) ago

Company says acquisition of iconic Australian chain has transformed it into retailer with significant scale across sub-Saharan Africa, Australasia

Mining

Lonmin expects cash costs to stay below guidance

2 day(s) ago

Platinum producer says it expects underlying cash costs to remain below its guidance, indicating that its deep cost-cutting measures are beginning to bear fruit

Industrials

Ferrochrome maker in business rescue, blames labour and outages

Picture: THINKSTOCK
2 day(s) ago

International Ferro Metals points finger at ‘militant union activity’ and state-ordered safety stoppages of its furnaces

Property

Tower lifts annual dividend 16% as revenue improves

Picture: THINKSTOCK
2 day(s) ago

Impressive results follow aggressive growth that has seen fund’s property assets more than double on Croatia expansion

Financial Services

Zurich SA into black on broker action

Picture: THINKSTOCK
2 day(s) ago

South African unit of Zurich Insurance narrows its underwriting deficit to R108m

Healthcare

Adcock Ingram to dispose of loss-making Indian business

Workers in action at Adcock Ingram’s warehouse in Midrand, Gauteng. picture: SUNDAY TIMES/ SIMPHIWE NKWALI
3 day(s) ago

Drug maker says it will sell Cosme Farma, has failed to make significant inroad into Indian pharmaceutical market

Mining

Assore pays final dividend despite tough year

Assore chairman Desmond Sacco. Picture: SUNDAY TIMES
3 day(s) ago

Mining holding company says lower prices for iron, manganese ores, increased costs in electricity, labour affected financial results

Telecoms & Technology

Buyers ringing up Cell C, says 75% owner

Picture: THINKSTOCK
3 day(s) ago

Dubai-based Oger Telecom takes its time over offers for its Cell C stake from six SA and international companies

Property

Hospitality sheds more light on units

Picture: THINKSTOCK
3 day(s) ago

New swap ratio plan of one A share for every 3.5 B shares aimed at addressing unit holders’ discontent

Healthcare

Adcock swings back into profitability

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
3 day(s) ago

Drug maker reinstates dividend payment, says board remains optimistic, but view is tempered by recent material devaluation of rand

Property

Growthpoint says ‘solid’ domestic portfolio boosts distribution growth

Growthpoint Properties' headquarters in Sandton. Picture: FINANCIAL MAIL
3 day(s) ago

Growthpoint reports 7.5% rise in full-year distribution per share to 173.4c, which is at top end of forecast, thanks to solid performance from domestic portfolio

Financial Services

Circum seeks partner for Ethiopia potash project

Picture: REUTERS
3 day(s) ago

Circum Minerals is on cusp of raising $2.6bn towards a potash project in Ethiopia, promising a mine that delivers some of the lowest-cost fertiliser ingredients in the world

Asia-Pacific

Production cuts may do little to lift gold price

Vehicles and machinery operate in the open pit mine at Norton Gold Fields’ operations in Australia. If history is any guide, global gold producers’ cutbacks will have little effect on the market.  Picture: BLOOMBERG/CARLA GOTTGENS
3 day(s) ago

When mines last pared operations, bullion still slid as much as 29%, writes Thomas Biesheuvel

Europe

Zurich bid buoys RSA Insurance shares

Zurich Financial Services CEO Martin Senn addresses a World Economic Forum in Davos, Switzerland. Picture: BLOOMBERG/CHRIS RATCLIFF
3 day(s) ago

Zurich Insurance Group's conditional £5.6bn offer for British firm offers gateway to UK and Latin America

Property

Rebosis eyes expansion after acquiring Ascension stake

Sisa Ngebulana. Picture: FINANCIAL MAIL
3 day(s) ago

Rebosis Property Fund secures Ascension Properties as subsidary, enabling it to expand office portfolio and roll out aggressive acquisition strategy

Financial Services

Scheme to help poor comes a cropper

Standard Bank. Picture: MARTIN RHODES
3 day(s) ago

Standard Bank fails to support Access Point product designed to meet its Financial Sector Code obligations to the poor, writes Stephen Timm

Telecoms & Technology

MTN shares take biggest hit on JSE as naira wanes

A vendor holds cellphones and airtime cards at a stall operated by MTN in Kigali, Rwanda. The industry is growing in leaps and bounds across the continent. File picture: BLOOMBERG
4 day(s) ago

Lack of hard currency in Nigeria hurts MTN's ability to arrange early repayment of about $500m of debt held there

Opinion

COMPANY COMMENT: Imperial; Super Group

Picture: MICHAEL ETTERSHANK

Imperial looks strong despite weak rand while African Logistics may be an impediment to Super Group’s growth

Opinion

ON THE MONEY: Racism in banking remains an issue

Transformation in the industry is in a worse position than it was 10 years ago

Financial Services

African Bank’s ‘good bank’ gets approval for financial services licence

Picture: MICHAEL ETTERSHANK
2 day(s) ago

Curator says ‘good bank’ received Reserve Bank authorisation to be established and Financial Services Board approval for financial services provider licence

Retail & Consumer

Italtile lifts full-year trading profit

Picture: THINKSTOCK
2 day(s) ago

Building materials retailer attributes performance to better execution of basic retail principles, best practice in store, improvements in back-end functions

Property

Acquisitions not a top priority for Growthpoint

Norbert Sasse, Growthpoint CEO, addresses the media on the group’s results on Wednesday. He says there is very little the firm can buy in SA at the right price. Picture: MARTIN RHODES
2 day(s) ago

Growthpoint needs to bed down its acquisitions and consolidate in current challenging conditions, says CEO Norbert Sasse

Asia-Pacific

Vedanta moots closing aluminium refinery

A  Vedanta Resources logo outside its headquarters in Mumbai, India. Picture: BLOOMBERG/ADEEL HALIM
2 day(s) ago

Prices of the metal — which is used in beverage cans, aircraft and motor vehicles — tumbled 26% in the past year

Telecoms & Technology

Telkom moots acquisition to expand its mobile business

Jabu Mabuza. Picture: MARTIN RHODES
2 day(s) ago

Mobile business acquisition such as Cell C to provide much needed scale after Competition Commission scuttles infrastructure-sharing deal with MTN

Financial Services

Santam dividend up 10% despite higher claims

Picture: THINKSTOCK
2 day(s) ago

Drought stings Santam’s crop insurance division while direct insurer MiWay outperforms group

Opinion

Four simple rules could solve BEE conundrum

Picture: THINKSTOCK

Focus on transparent, unencumbered, broad-based black economic empowerment that benefits recipients from day one

Opinion

EDITORIAL: A long regulatory road

MTN. Picture: BLOOMBERG/NADINE HUTTON

We need to watch that SA’s increasingly drawn-out regulatory processes don’t become a deterrent to doing deals

Mining

De Beers to reinvest in marketing

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

World’s largest diamond producer to target US and China — two biggest gem markets — at year-end holiday season

Property

Tower Property Fund expands portfolio with first offshore acquisition

Picture: THINKSTOCK
3 day(s) ago

Diversified property fund reports 42% increase in distributable earnings for year to May 2015 as its portfolio grows strongly, fund makes first offshore acquisition

Industrials

Imperial stays in the hunt for new deals

Mark Lamberti. Picture: MARTIN RHODES
3 day(s) ago

Group concerned about business volumes going into the next financial year

Mining

China slowdown hits Billiton hard

BHP Billiton CEO Andrew Mackenzie.  Picture: REUTERS
3 day(s) ago

BHP Billiton releases worst annual operating performance in a decade amid falling commodities prices

Industrials

Iliad revenue falls but footing stable

Iliad CEO Eugene Beneke.  Picture: FINANCIAL MAIL
3 day(s) ago

Iliad Africa expects marginal revenue growth for the rest of the year as a subdued building materials industry continues to prove challenging, this following a 1% revenue decline in the six months ended June

Americas

Coca-Cola set to meet goal for water replenishment

Coca-Cola.  Picture: REUTERS/JACKY NAEGELEN
3 day(s) ago

Coca-Cola uses mix of systems to restore water it uses such as waste treatment and reforestation projects

Europe

Tesco weighs bids for Korean unit

Tesco. Picture: REUTERS/TOBY MELVILLE
3 day(s) ago

British retailer under pressure to push through sale of its South Korean unit as it battles to recover from accounting scandal and market share losses in UK

Asia-Pacific

Luxury cars park in new markets

Two Wraith cars, centre, at the end of the production line at the Rolls-Royce plant in Goodwood, UK. Luxury car makers are increasingly targeting emerging markets such as Kazakhstan. File picture: BLOOMBERG/CHRIS RATCLIFFE
3 day(s) ago

Demand for upmarket vehicles in frontier markets — such as Kazakhstan and Azerbaijan — is forecast to grow

Retail & Consumer

HomeChoice tightens up on credit

Shirley Maltz, CEO of HomeChoice Holdings. Picture: HETTY ZANTMAN
4 day(s) ago

Company boosts cash-collection ability with in-house call centre as it tightens credit requirements

Asia-Pacific

BHP reports worst underlying profit in a decade

BHP Billiton. Picture: BLOOMBERG
4 day(s) ago

Miner says it will cut spending more deeply to shore up dividends after plunging iron ore, copper, coal, oil prices take large bite out of profits

Americas

Money floods into online news ventures

BuzzFeed’s $200m capital injection from NBCUniversal is the latest sign of confidence in the ability of digital media to connect with readers. File picture: AFP PHOTO/NICHOLAS KAMM
4 day(s) ago

Rising earning power of digital-focused millennials sparks race for their attention as investors anticipate new ways to generate revenue from news

Asia-Pacific

Fortescue profits slashed by glut

Andrew Forrest. Picture: BLOOMBERG/JASON ALDEN
4 day(s) ago

Full-year profit tumbles greater-than-expected 88% amid iron-ore price drubbing

Property

Accelerate buys Old Mutual stake in Portside building

Picture: THINKSTOCK
4 day(s) ago

Property fund rolls out aggressive growth plan that has included some significant office acquisitions

JSE Sens

Standard Bank

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