• Friday, May 29 2015
  • JSE Sens
  • Subscribe
  • Register
Picture: MICHAEL ETTERSHANK

TFG stock dives despite good results

CEO Doug Murray surprised at negative market reaction to results after fashion retailer The Foschini Group finishes 7.63% lower

Retail & Consumer

Edcon aims to sew up debt with capital restructuring

Picture: Robbie Tshabalala

There can be no assurance that current discussions will be successful, warns retailer

Industrials

Esor curbs loss as ‘problem deals’ end

Picture: SUNDAY TIMES

Bigger headline loss per share reflects the 'final effects' of legacy loss-making contracts in its civil engineering business

Financial Services

African Bank says it may delay listing to establish track record

Picture: FINANCIAL MAIL

African Bank Investments share sale may be years away as new entity builds up a track record

Financial Services

Reinet cuts back tobacco habit

Richemont executive chairman and CEO Johann Rupert. Picture: SUNDAY TIMES

Johann Rupert's company sees improved balance in the investment portfolio — courtesy of some value-adding deal making — as well as a recent commitment to paying dividends

Mining

Anglo American announces changes to South African leadership structure

Anglo American CEO Mark Cutifani. Picture: RUSSELL ROBERTS

Mining giant announces leadership changes that are expected to bring greater effectiveness and alignment across group’s diversified mining businesses in SA

Picture: THINKSTOCK

Jobs take the helm at gold talks

Proposals will be considered with regard to their impact on the sustainability of the industry and employment security

Industrials

Mercedes-Benz SA chief says policy and labour stability are key

Mercedes-Benz SA CEO Arno van der Merwe.  Picture: QUICKPIC

Car maker celebrates first million cars after 57 years building Mercedes-Benz vehicles in SA, sees ‘less than 10 years’ for the the second million

Property

Acsion out to attract diverse investors

Picture: THINKSTOCK

‘Tightly held and not especially liquid’ company plans measures to loosen grip of mostly private individual investors

Opinion

COMPANY COMMENT: Oceana; African Bank

I&J’s new trawler “Ramoen” that will arrive in Cape Town in August 2015. Image courtesy of I&J

Oceana lures market with Daybrook data while African Bank restructuring announcement contains one surprise


International companies


Americas

Amazon to pay tax to locals, but just a little

Picture: BUSINESS DAY

Amazon is one of the highest-profile targets of an international drive against tax avoidance

Americas

Property in Bel Air may fetch $500m

Nile Niami, a film producer and speculative residential developer, says the house will have almost every amenity available and will boast a 30-car garage and casino. Picture: BLOOMBERG/HANS VESTBERG

Los Angeles mansion set to be one of the largest in US history, writes John Gittelsohn

Hans Vestberg. Picture: REUTERS/FREDRICK SANDBERG

Ericsson seeks way to remain relevant after Nokia bulks up with Alcatel merger

Ericsson toyed with offer for Alcatel-Lucent late last year, but walked away because of concern over a lack of savings and other benefits
Picture: THINKSTOCK

Acsion lifts net asset value in maiden quarterly results

Recently listed property group says it will reinvest in existing portfolio, focus on development expertise to ensure above-average net asset value growth

Telecoms & Technology

MICROmega upbeat after strong results

Picture: THINKSTOCK

Micromega, which operates in occupational health and safety, technology, and stockbroking industries, reports strong performances from its businesses

Financial Services

Weaker euro benefits Reinet

Richemont executive chairman and CEO Johann Rupert. Picture: SUNDAY TIMES

Global specialist investment vehicle says appreciation of other currencies against common currency boosted its performance

Industrials

Rising energy costs, outages threaten ArcelorMittal SA

Theo Botha. Picture: SUNDAY TIMES

Steel producers under pressure to apply ‘developmental’ pricing as the sector is considered key to downstream industrialisation

Retail & Consumer

Edcon looking to dispose of noncore assets to pay off debt

Picture: Robbie Tshabalala

Retailer Edcon in talks with interested buyers for a number of its noncore assets which it is considering selling to help repay its debt

Energy

PetroSA does a Tsotsi on executives

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

Top three executives at the company, including CEO Nosizwe Nokwe-Macamo, to be put on forced leave by board ahead of probe

Industrials

Aveng shares plummet to 10-year low

Picture: BUSINESS DAY

Sharp drop in the share price has pushed Aveng into the small-cap index along with all the JSE’s other construction companies

Financial Services

Blue Financial Services may be forced to sell up if plan fails

Blue Financial Services CEO Johan Meiring. Picture: FINANCIAL MAIL

Troubled unsecured lender has been in limbo since 2008 when it expanded into a number of African countries, notably Nigeria

Retail & Consumer

Massmart keeps sales growing at 9.5% rate

Makro store in Midrand, Johannesburg. Picture: SOWETAN/ANTONIO MUCHAVE

Sales growth in Massbuild’s five stores in Botswana and Mozambique remain ‘very strong’, with a net 19 new stores in SA and six new stores in Africa this year

Property

Dipula ‘may improve in six months’

Dipula Income Fund CEO Izak Petersen. Picture: FINANCIAL MAIL

Dipula's first-half performance fails to impress analysts, but CEO Izak Petersen says he is confident the fund’s growth will gain momentum

Companies

Apple the king of the brands as Chinese move into the top

MTN. Picture: BLOOMBERG/NADINE HUTTON

African giant MTN drops off the latest dollar-based BrandZ Top 100 Most Valuable Global Brands list as rand swoons

Mining

Implats terminates sale of Marula mine

Impala Platinum's Marula mine.  File picture: TYRONE ARTHUR

Stagnant metal prices and the abundance of platinum assets for sale on the market ‘has made the sale difficult’

Americas

Mexico must grow ports to cope with jump in car exports

Picture: REUTERS

Government earmarks $4.6bn for port infrastructure expansion but some manufacturers are sceptical the 2018 goal will be met

Asia-Pacific

Third Chinese company in danger of debt default

Workers clean the windows of a building in Beijing's commercial district on Monday. China and 30 other countries have set up the $50bn Asian Infrastructure Investment Bank. Picture:  REUTERS/KIM KYUNG-HOON

Bottle maker says that it will not be able to fully repay bond, raising concern it will become the third company to default in the onshore note market this year as the economy slows

Opinion

COMPANY COMMENT: Nampak; Rhodes Food

Picture: THINKSTOCK

Results focus on Nampak's operations while Rhodes Food Group’s attractive interim results must been considered in the context of higher interest payments

Property

Top hotel, apartment block for Cape Town’s CBD

Picture: THINKSTOCK

Radisson Blu Hotel and Residence planned for lower city centre in R1bn project

Financial Services

Africa Bank’s junior creditors to get some money back under restructuring plan

Picture: FINANCIAL MAIL

Restructuring plan may please some investors who had not expected to get anything back

Industrials

Esor full-year headline loss per share narrows

Picture: SUNDAY TIMES

Struggling construction group Esor says its headline loss per share has narrowed from 24.4c to 18.8c in the year to February

Retail & Consumer

Lewis cuts credit but sales grow

Lewis Group CEO Johan Enslin. Picture: FINANCIAL MAIL

Company rejects 40 of every 100 applications for credit to acquire furniture during the reporting period

Asia-Pacific

Australian brewer finds joy in solid gold

Allen Kelly.  Picture: BLOOMBERG/CARLA GOTTGENS

Doray Minerals MD fears the mining firm may be in the sights of rivals, writes David Stringer

Opinion

COMPANY COMMENT: Investec; Tongaat Hulett

Investec. Picture: MARTIN RHODES

Black and white with red spots at Investec, while record cash flows at Tongaat Hulett suggest directors are comfortable with the company's medium-term prospects

Opinion

COMPANY COMMENT: Tiger Brands; NVest Financial Holdings

Peter Matlare, CEO of Tiger Brands. Picture: MARTIN RHODES

Wily staff make new headaches for Tiger Brands, while NVest Financial Holdings aims to list on the AltX shortly

Asia-Pacific

Rio targets $6bn for Oyu Tolgoi mine

Heavy machinery operate inside an open pit at the Oyu Tolgoi copper-gold mine, jointly owned by Rio Tinto's Turquoise Hill Resources unit and state-owned Erdenes Oyu Tolgoi, in the Gobi desert, Mongolia. File picture: BLOOMBERG/BRENT LEWIN

Rio Tinto Group prepares a war chest to develop one of the world’s largest untapped deposits of copper and gold

Europe

Watchdogs snapping at Facebook’s heels

Picture: REUTERS

Move over Google, Facebook is the latest US tech company Europeans love to hate

Industrials

Nampak loses R4bn in market value on interim results

Nampak shares shed a a hefty 13%, knocking off R4bn in market value, as weak SA economic environment takes toll on the local packaging group

Companies

BMW, Nissan build electric car grid

The BMW i3, the electric car produced by BMW is unveiled against the backdrop of Tower Bridge during the world premiere launch in London, in 2013. BMW offers the i3 — a battery-powered compact car— with a unique option: the use of a sport-utility vehicle.  Picture: BLOOMBERG/SIMON DAWSON

First charging hub is likely to be in Cape Town and plans for more will be extended to other major urban centres

Healthcare

Aspen agrees to sell portfolios to Strides in Singapore and India

Aspen Pharmacare Holdings says transactions form part its strategy to focus attention on areas where most value can be added

Mining

De Beers tailings operation up for sale

Picture: THINKSTOCK

De Beers puts operation to recover diamonds from tailings at Kimberley up for sale, seeking to extend life of its second-largest source of local diamonds beyond 2018

Europe

UK banks face further fines

Picture: BLOOMBERG/CHRIS RATCLIFFE

Barclays and Royal Bank of Scotland face up to £7bn in additional fines for misconduct within two years

Retail & Consumer

Mr Price eyes earnings rise

Picture: MICHAEL ETTERSHANK

Mr Price Group expect headline earnings per share of between 902c and 933c, despite factors weighing on consumer spending

Mining

Chamber of Mines urges carbon tax delay

Mike Teke. Picture: MARTIN RHODES

Chamber of Mines president Mike Teke calls proposed tax an ‘absurdity’ in the light of heavy losses in the carbon-intensive industry

JSE Sens

null

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

African Dawn Capital African Dawn Capital finals
Chrometco Chrometco finals
Nutrition Holdings Nutrition Holdings finals
PSV Holdings PSV Holdings finals
Spanjaard Spanjaard finals
Visual International Holdings Visual International Holdings finals
  • All Share : 52754.39
    Change: -0.11%
    Top 40 : 46768.5
    Change: -0.10%
    Financial 15 : 16817.83
    Change: -0.48%
    Industrial 25 : 67009.16
    Change: -0.17%
    Resource 10 : 41892.63
    Change: 0.75%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • FTSE 100 : 7028.84
    Change: -0.17%
    Dow Jones Industrial : 18126.12
    Change: -0.20%
    All Share : 52754.39
    Change: -0.11%
    ASX All Ordinaries : 5774.9
    Change: 0.00%
    S&P 500 index : 2120.79
    Change: -0.13%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • ZAR/USD : 12.1487
    Change: 0.09%
    ZAR/GBP : 18.5331
    Change: -0.15%
    ZAR/EUR : 13.2882
    Change: -0.10%
    ZAR/JPY : 0.0976
    Change: 0.10%
    ZAR/AUD : 9.2937
    Change: 0.09%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • N/A : 1189.98
    Change: 0.01%
    Platinum US$/oz : 1119.05
    Change: 0.23%
    Silver US$/oz : 16.76
    Change: 0.54%
    Palladium US$/oz : 782.47
    Change: 0.74%
    Brent Crude : 62.94
    Change: 0.22%
    All data is delayed by 15 min
    Data supplied by Profile Data
Content