Michael Jordaan to step down as FNB CEO
Michael Jordaan to step down as First National Bank CEO at the end of this year after more than a decade at the helm
Healthcare
Mediclinic reports R740m loss for year
Mediclinic International posts R740m loss, knocked by series of one-off items, including refinancing of Swiss debt and buyout of interests in its Dubai operation
Retail & Consumer
Massmart sharpens focus on back of rising sales
Retailer reports sales for the first 21 weeks of the 2013 financial year up 9.8% and comparable sales growth 5.6% higher
Companies
Acquisitions buoy recruitment giant Adcorp
Sector CEOs believe the industry is ripe for consolidation with about 2,000 companies operating in the sector
Mining
Amplats, parties agree on measures, plans to preserve jobs
Amplats agreement reached on measures to preserve jobs raises hope for easing of tensions
Labour
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'
Opinion
What is your company’s foreign policy?
Andrew Hammond
Some of the most enlightened firms recognise the need for a shift toward a strategic 'corporate foreign policy'
Opinion
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
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
Industrials
Phaswana appointed as co-chairman at Mondi
Standard Bank chairman Fred Phaswana joins international packaging and paper group Mondi to replace Cyril Ramaphosa
International companies
School dropout’s $253m Tumblr pay day
Tumblr CEO says company will retain its distinctive and irreverent character under a new ownerIndustrials
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
Americas
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
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 revenueRetail & Consumer
Resilient Lewis Group lifts headline earnings 14% in tough market
Lewis Group puts resilient performance in challenging trading environment down to success of decentralised model of the business
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
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
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
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
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
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
JSE Sens
- ARD: ARDOR SA LIMITED - Renewal Of Cautionary Announcement
- RGT: RGT SMART MARKET INTELLIGENCE LTD - Audited Condensed Results for the Year Ended 28 February 2013
- JSE LIMITED - Index Change Advice - 20130527 New Bond Capital Deletion
- BVT: THE BIDVEST GROUP LIMITED - Director's Dealings
- ITU: INTU PROPERTIES PLC - Issue of Shares, and Director and PDMR Shareholding
- ANG: ANGLOGOLD ASHANTI LIMITED - Dealings by Director
- LNF: LONDON FINANCE AND INVEST. GRP PLC - Dealing in securities by directors
- NTC: NETCARE LIMITED - Dealings in securities by director of major subsidiary
- ABSA BANK LIMITED - AB010 and AB011 - Interest Rate Reset
- PSG: PSG GROUP LIMITED - Dealing in PSG Group Limited shares by an associate of a director
- COH: CURRO HOLDINGS LIMITED - Change statement, distribution of integrated report and notice of annual general meeting
- THE STANDARD BANK OF SA LTD - The Standard Bank of South Africa Limited
- LAF: LONRHO PLC - Additional Listing Announcement
- LNF: LONDON FINANCE AND INVEST. GRP PLC - Interim Management Statement
- FMC: FORBES & MANHATTAN COAL CORP - Changes to the Board
| All Share | 41836.02 | 0.05% | up |
| Top 40 | 37309.67 | 0.02% | up |
| Financial 15 | 11971.78 | -0.24% | down |
| Industrial 25 | 47413.26 | -0.51% | down |
| Resource 10 | 47611.41 | 1.30% | up |
Data supplied by I-Net Bridge
| FTSE 100 | 6840.27 | 0.54% | up |
| Dow Jones | 15471.13 | 0.54% | up |
| All Share | 41836.02 | 0.05% | up |
| ASX | 5142.10 | 0.00% | same |
| S&P 500 | 1679.940 | 0.65% | up |
Data supplied by I-Net Bridge
| USD/ZAR | 9.5661 | 0.20% | up |
| GBP/ZAR | 14.3981 | -0.48% | down |
| EUR/ZAR | 12.3083 | -0.17% | down |
| JPY/ZAR | 0.0923 | -0.89% | down |
| AUD/ZAR | 9.2704 | -1.01% | down |
Data supplied by I-Net Bridge
| Gold | 1374.1850 | 0.02% | up |
| Platinum | 1473.0000 | 1.10% | up |
| Silver | 22.5500 | 0.45% | up |
| Palladium | 750.5000 | 1.42% | up |
| Brent Crude Oil | 103.140 | -0.74% | 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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