Bonus row causes strike at Lanxess chrome mine
DAX-listed speciality German chemicals group says NUM breached ‘long-standing’ agreement over bonuses, precipitating violent strike at chrome mine near Rustenburg
Companies
Guardrisk offers ‘being considered’
Alexander Forbes group CEO says offers for Guardrisk Holdings will only be considered if there are 'synergies'
Telecoms & Technology
MTN cracks top 100 in most valuable brands survey
MTN ranked 79th in the annual Millward-Brown BrandZ Top 100 Most Valuable Global Brands survey
Companies
Platinum-group metals are back in favour
Demand for platinum, palladium is set to rise as mining strikes lead to shortages, writes Nicholas Larkin
Transport & Tourism
SA Express upbeat about breaking even this year
Airline will not need a bail-out of the type contemplated for its larger sibling SAA, says CEO Inathi Ntshanga
Industrials
Phaswana appointed as co-chairman at Mondi
Standard Bank chairman Fred Phaswana joins international packaging and paper group Mondi to replace Cyril Ramaphosa
Industrials
Sasol Chemical Industries questions expert testimony on propylene prices
Expert testifies that the pricing of purified propylene is more complex than for many other petrochemicals
African Business
Zimbabwean brewer reports 14% revenue increase
Delta Corporation declares a second-half dividend of 2.23 US cents after posting a 14% increase in revenue
Severe lack of supply chain skills ‘hindering trade for SA’
University of Johannesburg’s 2012 Supply Chain Skills Gap Survey shows severe shortage of supply chain skills in South AfricaOpinion
COMPANY COMMENT: Ceres lifts Pioneer as grain weighs on profit
Pioneer Food Group’s Ceres division has proved a boon for the company in its interim reporting period
Mining
Buildmax says all its business units are profitable
Open-cast mining contractor and building materials distributor reports that its profit gained strong traction in the year to February
Industrials
Austro back into profit after write-downs
Provider of industrial power and woodworking equipment reports it has moved from posting an interim headline loss of 3.4c per share last year to headline earnings of 2.8c per share
International companies
School dropout’s $253m Tumblr pay day
Tumblr CEO says company will retain its distinctive and irreverent character under a new ownerAmericas
NEWS ANALYSIS: Yahoo ‘buying firms like it is 1999’
‘It’s just not clear yet whether this is the best way for Yahoo to spend about $1bn’
Asia-Pacific
Sprint gets SoftBank waiver for Dish talks
Sprint Nextel says Japanese suitor granted it waiver to consider $25.5bn rival bid by Dish Network
Europe
Marks & Spencer plans to focus on paying shareholders
UK’s largest clothing retailer to spend less on bringing business up to speed with competitors as it moves beyond recovery
Americas
Chinese firms look to escape US markets
Blackstone leads bid for Nasdaq-listed Chinese computer company — latest in string of deals to delist mainland groups roundly abandoned by US investors
Europe
Vodafone to retain Verizon payout as sales slide
Vodafone says it will not distribute £2.1bn dividend from Verizon Wireless to investors
Americas
Apple CEO Cook defends tech giant’s tax compliance
Apple CEO Tim Cook defends his company’s use of offshore tax shelters before US senators
Europe
World’s biggest security provider G4S gets CEO as Buckles leaves
Nick Buckles to step down almost a year after company bungled contract to guard London’s Olympic Games
Europe
Burberry profit rises on China, Hong Kong retail growth
UK luxury-goods maker reports full-year profit that beats estimates, boosted by strong demand in China and Hong Kong
Europe
Louis Vuitton’s lead over rivals narrows
Louis Vuitton losing ground as most valuable luxury brand as competitors gain, new research report shows
Americas
Dimon keeps JPMorgan chairman title after bruising battle
Shareholders let JPMorgan Chase & Co CEO Jamie Dimon keep his chairman title by even greater margin than last year
Multimedia
Barloworld says all business units performing ahead of last year
Performance of automotive and logistics units and Bucyrus business lift group’s revenueHealthcare
Netcare CEO says Competition Commission must also probe pharmaceuticals
CEO Richard Friedland says he is disappointed that Competition Commission’s planned inquiry into private healthcare sector will exclude pharmaceutical sector
Retail & Consumer
Pioneer feels pinch as consumers cut spending
Pioneer Food Group reports 0.6% drop in headline earnings per share for six months ended March as rising utility, education and transport costs put strain on households
Industrials
Protech Khuthele says results ‘vindicate’ board’s view on Eqstra offer
Construction, engineering and readymix group says move to profit shows progress in its strategic turnaround programme
Media & Advertising
E.tv deal ‘to give Seardel another string to its bow’
Seardel CEO says inclusion of e.tv holding company Sabido will give institutional investors more direct access to media group’s performance of the
Companies
Sasol plans office behemoth in Sandton
Petrochemicals giant consolidating Gauteng offices into new building that will be among the country’s largest private, single-tenanted office developments
Financial Services
Abil reels as dividend cut disappoints investors
Unsecured lending bubble fears mount after ‘horrific’ results
Media & Advertising
State fund invests in Independent group
Government Employees Pension Fund will acquire 25% stake in newspaper group Independent News & Media South Africa
Energy
Labat Africa looks to diversify into oil with Namibia deal
Labat Africa aims to invest in an oil and petroleum company in Namibia, in a bid to reposition its model following a troubled history
Telecoms & Technology
Vodacom posts a 23% rise in earnings
Group revenue rises 4.5% to R69.9bn as continued smartphone penetration pays off and company ends year with 51.7-million customers
Europe
NEWS ANALYSIS: Verizon windfall revives Vodafone growth plans
Vodafone Group’s investors have ideas for the $100bn or more that the company stands to pocket for its stake in Verizon Wireless
Healthcare
Netcare’s earnings rise, helped in part by weaker rand
Hospital group says half-year earnings driven by strong performance at local operations, while UK profit dented by higher proportion of National Health Service patients
Energy
Firestone Energy investors get extra time to consider offer
Firestone Energy shareholders have until beginning of next month to decide on merits of a complex offer for their shares made by Waterberg Coal Company
Transport & Tourism
Transport strike dashes Autopax hope of renewed profit
Strike ruins prospect of state-owned bus company reporting its first profit after 10 consecutive years of losses
Americas
Yahoo splashes out $1.1bn to buy blogging network Tumblr
Yahoo confirms it is buying Tumblr as CEO seeks to lure users and advertisers with priciest acquisition to date
Companies
Tax breaks for the angels
Venture capital companies can now trade as trusts and give tax breaks to those who are prepared to throw some money behind small business
Transport & Tourism
Why Fastjet failed to take flight
Glitch with Fastjet’s website scuppers local launch date of the low-cost carrier
Financial Services
Liberty shares rise on ‘good all round’ update
Liberty Holdings’ share price increases as operational improvements continue to benefit insurance and asset management businesses
Mining
Former Kebble firm ‘unlikely to use assets’
Randgold & Exploration has mineral assets on its books, including platinum and iron ore, but has few hopes of bringing them into production itself
Telecoms & Technology
Companies ‘struggling’ with data processing
Too many companies in South Africa are struggling to use information technology to benefit themselves
Mining
Eqstra buys back shares to ‘grow shareholder value’
Contract miner and equipment leasing group repurchases 8-million shares in the open market, as it looks to enhance shareholder value
Labour
Strike fears as NUM demands 60% increases
Union to seek pay rises of up to 60% from gold and coal producers, raising prospect of fresh strikes as companies battle higher costs and falling prices in an already heated labour climate
Mining
Venkat stepping into a cauldron at AngloGold
Srinivasan Venkatakrishnan steps into the big shoes of mining veteran Mark Cutifani at a trying time in the history of SA’s biggest gold miner
Financial Services
Finbond earnings in black as it plans growth
Finbond Group is a favourite on the JSE after shares increased at news of new mutual bank
Media & Advertising
Seardel, HCI retract transaction notice
Hosken Consolidated Investments and Seardel cancelled deal that was to create new media platform
Telecoms & Technology
Takeover of Altech ‘was Altron’s plan’
CEO says shareholders will back offer to buy remaining shares
Companies
Curro’s investor offer sparks price jitters
Shares in private school operator Curro seesawed this week — but one man unfazed by the volatility of the stock is Piet Mouton, CEO of the PSG Group
Retail & Consumer
Nando’s hots up as competition bites
Slowly but surely, the peri-peri chicken chain is pecking its way to international success
JSE Sens
- AMS: ANGLO AMERICAN PLAT LTD - Tri-partite agree on interventions to mitigate job cuts at Anglo American Platinum
- JBL: JUBILEE PLATINUM PLC - Operations Update
- GRT: GROWTHPOINT PROPERTIES LIMITED - Successful completion of a R2,520 million equity raise for acquisition and development opportunities
- LON: LONMIN PLC - Regulatory release - Update on union recognition negotiations
- TAS: TASTE HOLDINGS LIMITED - Reviewed provisional condensed consolidated results for the year ended 28 February 2013
- MDC: MEDICLINIC INTERNATIONAL LIMITED - Audited results of Mediclinic International Limited and declaration of cash dividend
- REI: REINET INVESTMENTS S.C.A - Consolidated audited financial results for the year ended 31 March 2013
- REI: REINET INVESTMENTS S.C.A - Consolidate.../02
- BTI: BRITISH AMERICAN TOBACCO PLC - Transaction In Own Shares
- LEW: LEWIS GROUP LIMITED - Audited results for the year ended 31 March 2013
- FIRSTRAND BANK LIMITED - New Instrument Listing - FRC174
- GFI: GOLD FIELDS LIMITED - Voluntary announcement - Dealings in securities by prescribed officer
- GFI: GOLD FIELDS LIMITED - Dealings in securities by a director of a major subsidiary
- OAS: OASIS CRESCENT PROPERTY FUND - Notification to Unitholders of the Fund
- FFA: FORTRESS INCOME FUND LIMITED - Acceptance of Linked Units in terms of the Fortress Unit Purchase Trust
| All Share | 41815.36 | 0.00% | same |
| Top 40 | 37302.58 | 0.00% | same |
| Financial 15 | 12000.90 | 0.00% | same |
| Industrial 25 | 47656.81 | 0.00% | same |
| Resource 10 | 47000.85 | 0.00% | same |
Data supplied by I-Net Bridge
| FTSE 100 | 6803.87 | 0.00% | same |
| Dow Jones | 15387.58 | 0.00% | same |
| All Share | 41815.36 | 0.00% | same |
| ASX | 5142.10 | -0.27% | down |
| S&P 500 | 1669.160 | 0.00% | same |
Data supplied by I-Net Bridge
| USD/ZAR | 9.5726 | 0.27% | up |
| GBP/ZAR | 14.5008 | 0.23% | up |
| EUR/ZAR | 12.3574 | 0.23% | up |
| JPY/ZAR | 0.0932 | 0.06% | up |
| AUD/ZAR | 9.3566 | -0.09% | down |
Data supplied by I-Net Bridge
| Gold | 1378.6850 | 0.35% | up |
| Platinum | 1465.5000 | 0.58% | up |
| Silver | 22.5323 | 0.37% | up |
| Palladium | 746.5000 | 0.88% | up |
| Brent Crude Oil | 103.590 | -0.31% | down |
Data supplied by I-Net Bridge
Share search
In depth: Budget 2013
Top 100 Companies 2012
Click here to view or download Business Times's full Top 100 Companies 2012 report (PDF, 7MB)
Calendar
| African Bank | African Bank interims
|
| Barloworld | Barloworld interims
|
| Evraz Highveld | Evraz Highveld Steel & Vanadium Q1 financial results and AGM.
|
| Vodacom | Vodacom finals
|
| Pioneer Foods | Pioneer Foods interims
|
| Netcare | Netcare interims
|
| Protech | Protech Khutele finals
|
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