Why Fastjet failed to take flight
Glitch with Fastjet’s website scuppers local launch date of the low-cost carrier
Telecoms & Technology
Altron CEO says takeover by Altech makes sense
Altech, Altron bosses say consolidation would be good for investors and find favour among shareholders
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
Retail & Consumer
Nando’s hots up as competition bites
Slowly but surely, the peri-peri chicken chain is pecking its way to international success
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
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
National
Report calls for listing of some state companies
Call for greater mix of debt and equity finance surprises analysts
Gym chains move up, down and into Africa
The gym business is largely recession-proof in South Africa — and now the country’s two big chains are taking aim at lower-income groupsIndustrials
Sasol Chemical Industries claims contested at Tribunal
Industrial expert shoots down claims by Sasol Chemical Industries that investments in the polymer market happened only after Sasol was privatised
Opinion
Why lenders can do with philosophy
Stuart Theobald
The recasting of lending from pariah status to core economic activity had to confront its moral status
Retail & Consumer
Richemont’s stock soars on solid growth
Sparkling results help allay fears on demand for luxuries
International companies
JPMorgan investors to decide Jamie Dimon’s future
Group of investors has demanded independent chairman to safeguard firm from possible future scandalsEurope
Glencore wields axe on Xstrata top brass
Glencore bosses tighten their grip on the miner and trader as shareholders vote out all former Xstrata directors
World
Kabel falls on Vodafone web deal
Germany’s largest cable operator falls the most since February after Vodafone strikes a deal to gain access to fast internet lines, reducing its need to purchase cable assets
World
Thomas Cook stock surges on refinancing plan
Tour operator Thomas Cook says it plans to raise £1.6bn to restructure its borrowing as it cuts jobs and closes shops to pare costs
Americas
S&P downgrades Buffett’s Berkshire
Standard & Poor’s lowers Berkshire Hathaway’s credit grade by one level after the ratings company revises its criteria for evaluating insurers
Multimedia
Tax move may end usefulness of trusts
Dividend withholding tax proves obstacle for estate planners, writes Ruan JoosteEurope
LSE seeks partners to grow revenue
Exchanges are looking to buy each other due to falling trading volumes in an uncertain economic climate and increased regulation
Mining
Pan African looks to offset output drop at mine
Pan African Resources looking for ways to offset expected drop in output at newly acquired Evander gold mine as operations move into lower-grade part of mine
Land & Agriculture
Changes to product mix pays off for Sovereign Food Investments
Group feels effects of poultry imports and rising administrative costs, with margins likely to be further squeezed this year as costs cannot be passed on to consumers
Companies
Richemont chairman Rupert taking year-long sabbatical
Johann Rupert leaving luxury goods company in good hands with recently named joint CEOs to take reins at a time of uncertainty in key market China
Transport & Tourism
Pakistani aviation group makes offer to 1time liquidators
New buyer for bankrupt 1time Airline emerges from an unlikely quarter
Healthcare
Takeover expected to make Cipla Medpro’s pricing more competitive
Move by India’s Cipla offers savings, and may put pressure on competitors in South Africa
Industrials
PPC posts flat operating profit as costs rise
Cement maker’s shares fall 1% as steep increase in costs undermines revenue rise, with empowerment, indigenisation deals hitting earnings per share
Industrials
Strong SA, Zimbabwe sales boost PPC results
However, net profit down 20% on reporting standards and indigenisation charges
Transport & Tourism
Redefine, BDL merge to form ‘largest hotel management group’ in UK
Move combines financial strength and operational experience of Redefine Hotels with management and development expertise of BDL
African Business
Orange to target aid to firms entering Africa
Orange Business Services plans to double its revenues in Africa over the next five years
Retail & Consumer
Spar profit rises despite slowdown
Retailer reports 12.6% rise in first-half profit even as consumer spending is pressured by high levels of unemployment and reduced access to credit
Mining
Boardroom coup sees former BP boss take chair at Glencore Xstrata
Shareholders vote John Bond out at first AGM of merged commodities giant, propelling once ‘vilified’ BP boss Tony Hayward into the limelight
Property
The Success Academy to focus on Centurion
Office property developer intends to rapidly expand portfolio in Centurion, citing its niche sector and geographical focus as a contributor to the firm’s performance and outlook
Telecoms & Technology
Tencent’s higher profit lifts Naspers share price
China’s largest internet firm by revenue, which is about 30% owned by Naspers, posts first-quarter profit that beats analyst estimates
Europe
ThyssenKrupp write-down could signal it is ready to sell troubled unit
German steel maker takes another write-down on value of its Steel Americas business, driving it to a quarterly loss, but raising hopes it is closer to selling asset
Europe
HSBC may cut 14,000 more jobs in cost-cutting drive
HSBC will redouble cost-cutting efforts as Europe’s largest bank seeks to drive earnings and dividend growth in the face of muted revenue
JSE Sens
- FSE: FIRESTONE ENERGY LIMITED - Takeover Panel Findings
- VOD: VODACOM GROUP LIMITED - Preliminary results for the year ended 31 March 2013
- VOD: VODACOM GROUP LIMITED - Preliminary re.../02
- PKH: PROTECH KHUTHELE HOLDINGS LIMITED - Audited abridged report for the year ended 28 February 2013
- BAW: BARLOWORLD LIMITED - Interim results for the six months ended 31 March 2013
- BAW: BARLOWORLD LIMITED - Interim results f.../02
- LAB: LABAT AFRICA LIMITED - Execution of a Letter of Intent and Renewal of Cautionary Announcement
- ABL: AFRICAN BANK INVESTMENTS LIMITED - Uuaudited interim results and interim cash dividend declaration for the six months ended 31 March 2013
- PFG: PIONEER FOOD GROUP LIMITED - Unaudited condensed consolidated interim financial statements for the six months ended 31 March 2013
- PFG: PIONEER FOOD GROUP LIMITED - Unaudited.../02
- BNT: BONATLA PROPERTY HOLDINGS LIMITED - Disposal of properties, Acquisition of additional shares, Renewal of cautionary and Withdrawal of cautionary
- LAF: LONRHO PLC - TR1 Notification of Major Interest in shares
- HCI: HOSKEN CONSOLIDATED INVESTMENTS LTD - Repurchase of HCI Ordinary Shares from SACTWU for cash and an indirect stake in Sabido and Cautionary Announcement
- HCI: HOSKEN CONSOLIDATED INVESTMENTS LTD - CANCELLATION OF S331865 Sale of stake in Sabido by HCI to Seardel and Cautionary Announcement
- SHP: SHOPRITE HOLDINGS LIMITED - Appointment as member of the audit and risk committee
| All Share | 41413.44 | 0.00% | same |
| Top 40 | 36771.80 | 0.00% | same |
| Financial 15 | 12096.10 | 0.00% | same |
| Industrial 25 | 47171.07 | 0.00% | same |
| Resource 10 | 45563.81 | 0.00% | same |
Data supplied by I-Net Bridge
| FTSE 100 | 6723.06 | 0.00% | same |
| Dow Jones | 15354.40 | 0.00% | same |
| All Share | 41413.44 | 0.00% | same |
| ASX | 5190.50 | 0.59% | up |
| S&P 500 | 1667.470 | 0.00% | same |
Data supplied by I-Net Bridge
| USD/ZAR | 9.3978 | -0.03% | down |
| GBP/ZAR | 14.2779 | 0.39% | up |
| EUR/ZAR | 12.0711 | 1.84% | up |
| JPY/ZAR | 0.0915 | 0.14% | up |
| AUD/ZAR | 9.1882 | 0.30% | up |
Data supplied by I-Net Bridge
| Gold | 1344.8500 | 0.12% | up |
| Platinum | 1445.5000 | 1.15% | up |
| Silver | 21.3885 | 1.58% | up |
| Palladium | 733.5000 | -0.07% | down |
| Brent Crude Oil | 104.500 | -0.11% | 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
| Holdsport | Holdsport finals (approx date) 
|
| Spar Group | Spar Group interims
|
| Datatec | Datatec finals
|
| Value Group | Value Group finals
|
| Seardel | Seardel finals (approx date)
|
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