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Companies

PSG sets aside Curro rights issue funds

Piet Mouton, CEO of PSG. Picture: FINANCIAL MAIL
2 day(s) ago

Education group to take lion’s share of R500m for investments

Mining

BHP Billiton stats give share price a boost

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

Miner achieves record iron ore and metallurgical coal production

Mining

Firms take on Goliath over rights at Wit Nigel

2 day(s) ago

Covenant Mining and White Water Gold serve papers on Goliath Gold, claiming ownership of its Wit Nigel prospecting right

Media & Advertising

Blackstar plans to increase TMG stake to 34.9%

Times Media Group CEO Andrew Bonamour.  Picture: PUXLEY MAKGATHO
2 day(s) ago

Blackstar looking to raise stake in Times Media Group to 34.9% over the medium term

Transport & Tourism

SABMiller could let HCI gain control of Tsogo

Picture: THINKSTOCK
3 day(s) ago

Global brewing giant could offer Hosken Consolidated Investments a chance to take outright control of gaming and leisure group Tsogo Sun

Retail & Consumer

Pick n Pay’s turnaround paying off

Richard Brasher. Picture: BUSINESS DAY
3 day(s) ago

Full-year profit increase of 25% shows some evidence of turnaround

Mining

Aquarius Platinum shares rise 40% in a week

Aquarius Platinum CEO Jean Nel
3 day(s) ago

Investors pile into Aquarius Platinum shares, driving the stock up nearly 40%

Financial Services

Banks’ pullback on unsecured lending may hurt SA

3 day(s) ago

Consumption could drop as banks pull back on unsecured lending, says head of Boston Consulting Group’s financial institutions practice

FirstRand group CEO Sizwe Nxasana. Picture: MARTIN RHODES

Can FirstRand’s cautious approach keep it ahead of its peers?

Dominance of franchises such as RMB, FNB stand it in good stead, but question is whether lead is sustainable, writes Phakamisa Ndzamela

African Business

Standard’s Africa index declines on Zimbabwe stocks

A Zimbabwe Stock Exchange official walks past an electronic display screen at the close of trading in Harare on Monday. Picture: REUTERS
2 day(s) ago

Zimbabwean stocks have been Africa’s worst performers, falling for a sixth day to the lowest since January last year

Financial Services

Ashburton goes off the beaten track

Ashburton CEO Boshoff Grobler. Picture: SUNDAY TIMES
2 day(s) ago

Stephen Cranston looks at the business of Ashburton, which has just moved into its new Sandton premises

Property

Randburg mall revamp ‘a success’

Laurence Rapp, CEO of Vukile Property Fund. Picture: BUSINESS DAY
2 day(s) ago

Vukile spends R207m on upgrading mall, increasing footfall 20% in last quarter of last year

Opinion

COMPANY COMMENT: Quality Beverages; SABMiller

QB may be better off jiving in the clover while SABMiller’s admission that it is reviewing strategic options for its shareholding in Tsogo Sun will have turned a few heads

Opinion

IN THE MARKETS: Cutifani being diplomatic about Rustenburg mines

Anglo American CEO Mark Cutifani is clutching at straws with his comments on operations in Rustenburg


International companies


World

Distributions, management fees and maintenance costs collide

2 day(s) ago

Energy infrastructure partnerships are incentivised to reward investors — but there’s a catch, write Isaac Arnsdorf and Alex Nussbaum

Europe

Tesco aims to improve profits by cutting prices

A customer looks at a meat display at a Tesco store in Bishop's Stortford, southern England, in this November 26 2012 file photo.  Picture: REUTERS
2 day(s) ago

UK retailer’s boss vows to win back shoppers with millions of pounds of price cuts, after second year of falling profits

Asia-Pacific

Japan rules on Mt Gox bitcoin exchange failure

2 day(s) ago

Failed Bitcoin exchange Mt Gox placed in administration by Japanese court

Daimler CEO Dieter Zetsche. Picture: REUTERS

Daimler sells stake to Rolls-Royce in engine joint venture

World’s third-biggest maker of luxury cars will receive €2.43bn for 50% stake in engine joint venture it is selling to Rolls-Royce Holdings

Americas

How to get a car to the top of the Empire State Building

The new 2015 Ford Mustang GT is seen on the observation deck of the Empire State Building in New York on Wednesday. Picture: REUTERS
2 day(s) ago

Ford celebrates 50th birthday of Mustang by displaying new model of convertible on top of Empire State Building in New York

Picture: THINKSTOCK

Tribunal confirms commission’s ruling on Oceana-Foodcorp deal

Fishing company Oceana and Foodcorp ordered to sell Foodcorp’s fishing rights along with Glenryck brand, as condition for approval of transaction

World

Zinc, lead producers ‘remain profitable’

3 day(s) ago

Zinc and lead producers making enough money to invest in new output, according consultancy

Healthcare

Debt terms for Litha Healthcare revised

3 day(s) ago

Group announces debt restructuring deal following negotiations with FirstRand Bank

Opinion

COMPANY COMMENT: Reunert; SA companies in Australia

Picture: THINKSTOCK

Reunert’s decision to exit retail cellphone market may be sign that the main casualties termination rate cuts will be the industry’s middlemen

Opinion

COMPANY COMMENT: Redefine Properties; Namec

Redefine Properties International CEO Mike Watters. Picture: FINANCIAL MAIL

Redefine merger talk recalls bidding war, while the National Association of Manufacturers in Electronic Components is set to manufacture digital television decoders at Dube TradePort

Telecoms & Technology

Datacentrix pleased with ‘robust position, sound balance sheet’

3 day(s) ago

Technology company achieves ‘healthy revenue growth’ of 19% in challenging environment, and reports final dividend of 20.49c per share

Retail & Consumer

SABMiller shares down on release of financial results

SABMiller CEO Alan Clark
3 day(s) ago

Global brewer says it has continued to deliver top-line growth despite a slowdown in net producer revenue growth and a number of headwinds

Industrials

State cracks whip on waste disposal firms

Picture: REUTERS
5 day(s) ago

At least three firms are under investigation or face penalties for violations including fraud and operating illegal facilities

Mining

Anglo seeks buyer for Rustenburg operations

Anglo American CEO Mark Cutifani. Picture: MARTIN RHODES
5 day(s) ago

Plans to concentrate on opencast platinum mine at Mogalakwena

Industrials

Africa’s builders benefit from broadening economies, says Group Five’s Upton

Group Five CEO Mike Upton. Picture: FINANCIAL MAIL
4 day(s) ago

Construction firms moving beyond mainstay mining work as rising wealth and urbanisation spark demand for shopping centres and better roads

Financial Services

Investec expects to repatriate $600m to UK after Australian unit sale

Investec CEO Stephen Koseff. Picture: SUNDAY TIMES
5 day(s) ago

Sale and restructuring of the businesses means Investec will no longer have banking operations in Australia

Retail & Consumer

Changing of the guard at retail giant Massmart

Massmart CEO Grant Pattison. Picture: FINANCIAL MAIL
5 day(s) ago

CEO Pattison cites mostly ‘selfish reasons’ for decision to resign

Mining

A tenacious survivor in tricky Barberton

 Michael McChesney, CEO of Vantage Gold Fields
5 day(s) ago

Vantage Gold Fields is counting on lower costs to succeed where others have failed, writes Brendan Ryan

Media & Advertising

TMG buys into Kenya media group for R195m

Times Media Group CEO Andrew Bonamour. Picture: BUSINESS DAY
5 day(s) ago

Deal gives Times Media Group exposure to television, radio and newspaper assets in East Africa’s largest economy

Telecoms & Technology

Nashua Mobile to dispose of its MTN and Vodacom subscriber bases

Picture: THINKSTOCK
4 day(s) ago

SA’s largest telecoms companies Vodacom and MTN are set to spend R2.2bn in a buy-out deal of subscribers signed with Nashua Mobile

Companies

International operations carry Phumelela

Phumelela CEO Rian du Plessis. Picture: RUSSELL ROBERTS
5 day(s) ago

Gaming group pulls off profitable finish to half-year to end January thanks to convincing growth dash by offshore operations

Financial Services

Standard Bank to broaden affordable housing loans

Picture: SUNDAY TIMES
5 day(s) ago

Bank sets itself target of additional R6bn in affordable housing loans by end of next year

Retail & Consumer

Woolworths’ top-secret mission down under

Woolworths CEO Ian Moir. Picture: FINANCIAL MAIL
5 day(s) ago

Woolworths adopted code names to keep David Jones deal from prying eyes, writes Adele Shevel

Industrials

Strategy shift planned at Murray & Roberts

Murray & Roberts CEO Henry Laas. Picture: FINANCIAL MAIL
5 day(s) ago

Murray & Roberts says it might be time for it to cut its exposure to civil construction work

Retail & Consumer

SAB stalwart on how Miller got its froth back

Norman Adami, chairman of SAB. Picture: SYDNEY SESHIBEDI
5 day(s) ago

Norman Adami, retiring after 35 years with SAB, looks back on his career at the brewer

Retail & Consumer

Cost-cutting, new stores boost Pick n Pay

Picture: FINANCIAL MAIL
3 day(s) ago

Despite increasing financial pressure of consumers, the retailer posts a 7.7% rise in turnover amid turnaround strategy to regain market share

Media & Advertising

JSE clears Blackstar of alleged insider trading

Times Media Group CEO Andrew Bonamour.  Picture: PUXLEY MAKGATHO
3 day(s) ago

Blackstar cleared by JSE after accusations it was involved in insider trading

Mining

Sibanye stalks platinum assets as gold dwindles

Sibanye Gold CEO Neal Froneman. Picture: MARTIN RHODES
4 day(s) ago

CEO says miner hopes to expand its portfolio by the end of this year

Telecoms & Technology

Telkom chief prescribes the right medicine

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
3 day(s) ago

Decisive CEO Maseko has the support of an experienced board, writes Thabiso Mochiko

Retail & Consumer

SABMiller’s Africa sales slow growth

Picture: SUNDAY TIMES
3 day(s) ago

CE Alan Clark cites headwinds and a challenging fourth quarter

Retail & Consumer

Pick n Pay’s CEO ‘stops the rot’ at the retailer

Richard Brasher. Picture: BUSINESS DAY
3 day(s) ago

Retailer to focus on improving in-store experience with better products, stock availability and customer service

Land & Agriculture

Competition Tribunal explains Afgri, AgriGroupe merger ruling

3 day(s) ago

Decision to make deal with companies and government departments a precondition to merger was aimed at ‘allaying public interest concerns’

Telecoms & Technology

Business Connexion up more than 5% on interim results

Business Connexion CEO Benjamin Mophatlane. Picture: FINANCIAL MAIL
3 day(s) ago

Markets react positively to information technology group’s financial results which were boosted by ‘pleasing’ performance by the group’s service’s division

Telecoms & Technology

Nashua Mobile sells back subscribers

Picture: THINKSTOCK
4 day(s) ago

Reunert rallies as subsidiary plans to return clients to Vodacom, MTN

Property

Growthpoint eyes Acucap, Sycom stakes

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

Property group targets bigger share in planned merged entity

Retail & Consumer

Steinhoff ‘may relocate from SA’

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

Company is exploring moving its home base from South Africa to Germany to be closer to its biggest markets

Retail & Consumer

SAB’s soft drinks unit aims to cut 400 staff

Picture: SHAUN HARRIS
4 day(s) ago

SAB says about 1,300 section 189 letters have been issued to management and frontline workers at Amalgamated Beverage Industries

Mining

Aquarius bond-buyback plan finds favour

Aquarius Platinum CEO Jean Nel
4 day(s) ago

Move answers long-standing question of repayment strategy, writes Andre Janse van Vuuren

Mining

Trans Hex sees rough diamond momentum

Trans Hex CEO Llewellyn Delport. Picture: FINANCIAL MAIL
4 day(s) ago

Group reports strong diamond sales from March tender

Financial Services

Musa, Swiss partner to help SMEs in healthcare

4 day(s) ago

Musa Capital the partner in investment fund that plans to develop SMEs providing health services to the poor in African countries

Mining

Metal-hungry China buys Glencore Xstrata copper mine for $6bn

Glencore Xstrata CEO Ivan Glasenberg. Picture: REUTERS
4 day(s) ago

Chinese consortium buys Las Bambas copper mine in Peru from Glencore Xstrata in China’s biggest acquisition of a mine

Property

Resilient announces R1bn rights offer

Resilient Property Income Fund CEO Des de Beer. Picture: FINANCIAL MAIL
4 day(s) ago

Diversified property group says proceeds from rights offer likely to be used to finance pipeline of acquisitions, developments, strategic opportunities

Industrials

Cashbuild falls nearly 10% in April

A Cashbuild outlet in Rustenburg, North West. Picture: MARTIN RHODES
4 day(s) ago

Shares in mass retailer of building materials have fallen 9.71% so far in April, in period of ‘tough trading conditions’

Companies

JSE’s brand undergoes modern makeover

Picture: BUSINESS DAY
5 day(s) ago

The JSE has launched a new brand, logo and website to give it a more modern, accessible and African appearance

Opinion

ON THE MONEY: Investor diversity on the JSE would aid capital raising for risky ventures

Treasury thinks private investors will make bad decisions if they invested without an asset manager

Opinion

COMPANY COMMENT: Coal of Africa; SA platinum industry

Coal of Africa CEO David Brown. Picture: ROBERT TSHABALALA

Investec gives CoAL a qualified backing, while SA’s platinum industry has fundamental issues to deal with beyond the three-month strike at mines around Rustenburg

 
All Share 48362.220.00% same
Top 40 43446.520.00% same
Financial 15 13650.320.00% same
Industrial 25 54866.520.00% same
Resource 10 56852.550.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
FTSE 100 6625.250.00% same
Dow Jones 16408.540.00% same
All Share 48362.220.00% same
ASX 5444.800.00% same
S&P 500 1864.8500.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
USD/ZAR 10.50250.12% up
GBP/ZAR 17.64270.24% up
EUR/ZAR 14.48680.03% up
JPY/ZAR 0.10260.17% up
AUD/ZAR 9.79580.14% up
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
Gold 1294.90000.39% up
Platinum 1407.50000.32% up
Silver 19.57000.20% up
Palladium 794.00000.63% up
Brent Crude Oil 109.5300.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge

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  • All Share : 48362.22
    Change: 0.00%
    Top 40 : 43446.52
    Change: 0.00%
    Financial 15 : 13650.32
    Change: 0.00%
    Industrial 25 : 54866.52
    Change: 0.00%
    Resource 10 : 56852.55
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • FTSE 100 : 6625.25
    Change: 0.00%
    Dow Jones : 16408.54
    Change: 0.00%
    Hang Seng : 22760.24
    Change: 0.00%
    ASX : 5444.80
    Change: 0.00%
    S&P 500 : 1864.850
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • ZAR/USD : 10.5025
    Change: 0.12%
    ZAR/GBP : 17.6427
    Change: 0.24%
    ZAR/EUR : 14.4868
    Change: 0.03%
    ZAR/JPY : 0.1026
    Change: 0.17%
    ZAR/AUD : 9.7958
    Change: 0.14%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • Gold : 1294.9000
    Change: 0.39%
    Platinum : 1407.5000
    Change: 0.32%
    Silver : 19.5700
    Change: 0.20%
    Palladium : 794.0000
    Change: 0.63%
    Brent Crude Oil : 109.530
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
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