Famous Brands flags rise in first-quarter sales
Sales at franchises rose 16.8% in first quarter, Famous Brands says in trading update, with strong growth seen in rest of Africa and ‘gorilla brands’
Financial Services
Alexander Forbes ‘on right strategic path’
Rise in profit and performance of retail client segment confirms company is making the ‘correct strategic choices’, says CE Edward Kieswetter
Healthcare
Aspen aims to buy Glaxo’s thrombosis drugs, plant
SA’s biggest generic drug maker says deal to buy GlaxoSmithKline’s thrombosis drugs and manufacturing site could lift turnover by £300m
Financial Services
Insurance firms’ rally ‘boosted by equity markets’
Share prices of SA’s four major insurers increase as JSE all share index climbs over 1%
Companies
New leader in Iran may offer respite to MTN, Sasol
Investments in the country by the two South African multinationals have been hurt by damaging western sanctions
Property
Acucap-Sycom merger ‘would make sense’
Analyst says potential merger of Acucap Properties and Sycom Property Fund ‘makes commercial sense’
Mining
Rockwell CEO says company has turned the corner
Rockwell Diamonds poised to be a different company in as new mine comes into production and it shows profit for the first time at its Tirisano asset
State companies may have to use pension funds to fund investment, says Gigaba
Public Enterprises Minister Malusi Gigaba says state-owned companies need new ‘resource mobilisation’ strategies as ‘funding from financial markets has shrunk’Retail & Consumer
Burger King sees working parents gap in SA market
Burger King plans to open about 12 branches in South Africa next year as it seeks to tap into the country’s $1.9bn-a-year fast-food market
Retail & Consumer
Foodcorp finds no debt buyers in takeover offering
South African food company fails to attract single valid offer to redeem remaining euro-denominated debt to meet terms of a takeover
Retail & Consumer
Iliad pins hopes for higher profits on rebranding exercise
Building materials retailer Iliad Africa believes rebranding itself will give impetus to its quest for stronger profits
Telecoms & Technology
‘Integrated strategy’ neglects Telkom Mobile
Analysts have previously voiced concerns about mobile unit’s viability, writes Thabiso Mochiko
International companies
Boeing launch sharpens rivalry
Launch of larger version of its flagship Dreamline aircraft sharpens battle with rival Airbus in booming market for fuel-efficient, long-distance aircraftEurope
Raytheon seeks new markets for armaments
World’s largest missile maker turning to exports of products to prop up revenue as US curbs defence spending
Europe
H&M posts drop in second-quarter earnings
Fashion retailer enters third quarter with higher inventories than planned after bad weather and sluggish consumer morale in Europe knock profit
Europe
Liberty Media joins race against Vodafone for Kabel Deutschland
Vodafone faces battle for Germany’s largest cable company, although rival bidder has greater regulatory and funding hurdles to overcome
Europe
Maersk plans alliance with two biggest shipping rivals
World’s three biggest container shipping companies agree to share vessels in bid to minimise losses caused by overcapacity and falling freight rates
Telkom split of wholesale and retail promises lower prices
The functional separation has raised speculation that a structural separation of Telkom could be on the cardsRetail & Consumer
SABMiller to get bite of Kopparberg Brewery apple
World’s second-largest brewer SABMiller, in line with its plan to grow its categories, enters agreement for long-term licensing of Kopparberg cider products
Property
Van Niekerk named as new Fountainhead CEO
Former SA Corporate Real Estate Fund MD Len van Niekerk says property trust’s focus will be upgrades, extensions and refurbishments of retail assets
Property
JSE clears Redefine in R10bn portfolio battle
Ruling likely to be a blow to Growthpoint Properties’ ambitions to acquire Fountainhead’s R10bn portfolio
Retail & Consumer
Edcon secures franchise rights to UK’s Dune brand
A standalone Dune store will open in Sandton City Shopping Centre in August, with store-in-store concepts opening in four Edgars branches during November
Companies
A formula for Servest with a smile
Resurgent group aiming to double R4bn turnover, writes Evan Pickworth
Financial Services
No upfront fee product proves win for Liberty
Liberty expects to raise R5bn in retail investments by the end of the year through its recently launched no upfront fees investment product, Liberty Evolve
Financial Services
Standard regains lead in banking market
The battle is not over with rival FirstRand nipping at lender’s heels, writes Maarten Mittner
Media
Irish parent approves Independent News & Media SA sale
Controversial sale of Independent News & Media South Africa to Sekunjalo consortium to proceed after shareholders give the go-ahead
Europe
Liberty Media joins race against Vodafone for Kabel Deutschland
Vodafone faces battle for Germany’s largest cable company, although rival bidder has greater regulatory and funding hurdles to overcome
Asia-Pacific
Samsung set to launch faster phone model
Head of its mobile business at Samsung Electronics says company plans to sell a faster version of flagship Galaxy S4 smartphone
Europe
Hollande backs fraud-accused CE
France Telecom shares jump after President Francois Hollande backs CEO to keep his job
Energy
Nordex awarded wind farm contract
Construction of the Eastern Cape wind farm south of Bedford will start in the third quarter of next year
JSE Sens
- GIYANI GOLD CORPORATION - Abridged Pre-Listing Statement
- JSE LIMITED - Index Change Advice - 20130624 Amalgamated Appliance Holdings Deletion
- DTC: DATATEC LIMITED - Transfer of shares from treasury
- IPL: IMPERIAL HOLDINGS LIMITED - Change to the Executive Management of the Group
- MVS: MVELASERVE LIMITED - Further cautionary announcement
- ASR: ASSORE LIMITED - Assmang Approves Ferromanganese Joint Venture in Malaysia
- ARI: AFRICAN RAINBOW MINERALS LIMITED - Assmang approves Ferromanganese Joint Venture in Malaysia
- CLR: CLOVER INDUSTRIES LIMITED - Dealing in securities by a director of the company and a director of a major subsidiary of the company
- AME: AFRICAN MEDIA ENTERTAINMENT LIMITED - Publication of reviewed result for the year ended 31 March 2013 Omission
- BIDVESTCO LIMITED - New Instrument Listing - BIDC32
- PGFP: PSG FINANCIAL SERVICES LIMITED - Acquisition Of Securities By Clients Of Allan Gray Proprietary Limited ("Allan Gray")
- MMP: MARSHALL MONTEAGLE PLC - Dealing by directors
- INGUZA INVESTMENTS (PTY) LIMITED - New Instrument Listing - ING217
- INDWA INVESTMENTS LIMITED - New Instrument Listing - INA339
- HLM: HULAMIN LIMITED - Acceptance Of Rights To Participate In Share Incentive Plans By Executive Directors And Company Secretary
| All Share | 40784.31 | -0.53% | down |
| Top 40 | 36391.61 | -0.57% | down |
| Financial 15 | 11117.02 | -1.12% | down |
| Industrial 25 | 46858.79 | -0.34% | down |
| Resource 10 | 46546.70 | -0.64% | down |
Data supplied by I-Net Bridge
| FTSE 100 | 6348.82 | -0.40% | down |
| Dow Jones | 15306.93 | -0.07% | down |
| All Share | 40784.31 | -0.53% | down |
| ASX | 4841.80 | 0.00% | same |
| S&P 500 | 1651.230 | -0.04% | down |
Data supplied by I-Net Bridge
| USD/ZAR | 9.9551 | -0.45% | down |
| GBP/ZAR | 15.5841 | -0.31% | down |
| EUR/ZAR | 13.3406 | -0.35% | down |
| JPY/ZAR | 0.1045 | -0.18% | down |
| AUD/ZAR | 9.4899 | 0.01% | up |
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| Gold | 1373.3995 | 0.39% | up |
| Platinum | 1425.2000 | -0.96% | down |
| Silver | 21.7290 | 0.30% | up |
| Palladium | 698.5000 | -1.20% | down |
| Brent Crude Oil | 106.150 | 0.12% | up |
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In depth: Budget 2013
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