• Wednesday, August 27 2014
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TRYING TIMES: Aveng CEO Kobus Verster addresses the media at the company's results in Sandton on Tuesday. Picture: MARTIN RHODES

Impairments, Gold Coast woes hit Aveng

1 hour(s) ago

The construction and engineering group says that a decline in public-sector construction work over the past year has had to be offset by private-sector projects

Mining

Coal of Africa rises on news of fresh funds

Coal of Africa CEO David Brown. Picture: ROBERT TSHABALALA
1 hour(s) ago

CoAL has been raising funds through the sale of various non-core assets, but it has been negotiating for some time to sell its Mooiplaats colliery

Financial Services

Brimstone considers options

Brimstone CEO Mustaq Brey. Picture: SUNDAY TIMES
1 hour(s) ago

Reporting interim results, Brimstone shows its option-based investment in financial services giants Nedbank and Old Mutual carry a substantial gross value

Industrials

Iliad Africa revenue grows despite ‘dim environment’

Iliad CEO Eugene Beneke.  Picture: FINANCIAL MAIL
1 hour(s) ago

Although Iliad Africa has realigned its business, growth has been hindered by the reduction of unsecured lending, rising debt and utility costs

Property

SA Corporate’s solid results could signal better days ahead

Rory Mackey. Picture: RUSSELL ROBERTS
1 hour(s) ago

SA Corporate Real Estate Fund has finally turned the corner after completing internalisation of its management company

Financial Services

Finbond sees future beyond Abil crisis

CEO and founder of Finbond Willie van Aardt. Photo: FINANCIAL MAIL
1 hour(s) ago

Finbond, which offers short-term unsecured loans and accepts retail deposits, says that its business model remains sustainable and is different from the way African Bank operated

Mining

CoAL looks to raise £38m as Vele output halt, extra costs bite

Picture: THINKSTOCK
23 hour(s) ago

Coal of Africa says it has entered into agreements with investors to raise about £38.225m through issue of up to 695,000,000 new shares

Financial Services

Investec offers One Place for banking by wealthy clients

Picture: THINKSTOCK
1 day(s) ago

One Place is plugged into 6,500 platforms, including offshore share accounts, loyalty reward programmes and insurance policies held at various institutions

Redefine Properties' head office in Rosebank, Johannesburg.

COMPANY COMMENT: Fountainhead; Gold Fields

Redefine misjudged Fountainhead bid, while Gold Fields is still grappling with the best way to mine its South Deep mine — about eight years after buying it

Financial Services

Vunani CEO pleased with group’s lack of gearing

Vunani CEO Ethan Dube. Picture: FINANCIAL MAIL
36 minute(s) ago

CEO Ethan Dube says that although Vunani has sold its property asset management business, it intends to build another similar business

Transport & Tourism

OneLogix to boost Southern African presence

OneLogix CEO Ian Lourens. Picture: FINANCIAL MAIL
1 hour(s) ago

Logistics and transport group wants to take its smaller businesses into other Southern African countries where its largest division, Vehicle Delivery Services, already has a footprint

Opinion

THICK END OF THE WEDGE: Eskom CE choice is the perfect meddle

Tshediso Matona is arguably the most experienced of government’s directors-general, but compared to Brian Dames, his experience of Eskom is a mere glancing blow

Opinion

COMPANY COMMENT: Market likes growth story of Ascendis

Picture: THINKSTOCK

Recently listed Ascendis, with no real track record other than a rapid accumulation of operating assets, is trading close to a record high


International companies


Asia-Pacific

Sony says PlayStation users’ info safe after hackers target game sites

Picture: REUTERS
2 day(s) ago

Sony says hackers have taken down network without compromising users’ personal data, while FBI is investigating bomb scare on flight carrying Sony executive

Asia-Pacific

Metals industry realises potential of 3-D printers

Picture: THINKSTOCK
2 day(s) ago

Suppliers backing research into 3-D printing technology, which can produce components faster and cheaper than traditional manufacturing

Americas

Women under-represented in Silicon Valley venture capitalists

ROLE MODEL: Bindi Karia, a vice-president at Silicon Valley Bank, right, is one of the few women managers in Silicon Valley. Picture: BLOOMBERG
2 day(s) ago

While other sectors have improved their gender diversity, the industry’s gender balance hasn’t budged, writes Sarah McBride

Picture: REUTERS

Popularity of discount retailers is growing among America’s poor

Big stores have been struggling as consumers have been slow to return to pre-recession spending, write Jilian Mincer and Lisa Baertlein

Asia-Pacific

NEWS ANALYSIS: China seems to be getting the pricing balance right for natural gas

Workers carry out routine checks at a gas refinery in Suining, Sichuan province. Picture: REUTERS
5 day(s) ago

Developments show the tightrope Beijing is walking by increasing natural gas prices, writes Clyde Russel

Picture: THINKSTOCK

Why trading in Abil shares was not suspended by the JSE

JSE GM Andre Visser says JSE will consider suspending a company’s shares only in very particular circumstances

Telecoms & Technology

Solidarity urges MTN to find alternative plan to layoffs

Picture: CHARLES GALLO/GALLO IMAGES
1 day(s) ago

Letters were served to MTN’s employees, notifying them of the layoffs last Friday

Retail & Consumer

Distell earmarks R500m for its foray into the rest of Africa

Distell MD Richard Rushton. Picture: DISTELL
1 day(s) ago

Liquor group says it it will fund the war chest through a cost saving and supply chain efficiency programme

Telecoms & Technology

Pinnacle surges as charges dropped

Picture: BUSINESS DAY
1 day(s) ago

National Prospecting Authority drops bribery charges against an executive director of the technology group

Transport & Tourism

Sun rides out ‘subdued’ year

Carnival City in Gauteng. Picture: SOWETAN
1 day(s) ago

Gaming and leisure group makes the most of the weak hand that it was dealt in the year to end June

Retail & Consumer

Shoprite is taking stock outside SA

Shoprite CEO Whitey Basson. Picture: RUSSELL ROBERTS
2 day(s) ago

Continental retail kingpin Shoprite ‘has a hard time’ with supplies from South African manufacturers

Companies

Delta selling Australian plant as it winds down

Picture: THINKSTOCK
2 day(s) ago

Delta discontinued its Australian operations prior to the six-month period, but is trying to sell the property of its plant site

Financial Services

NCR defends action taken over African Bank woes

Picture: MICHAEL ETTERSHANK
2 day(s) ago

National Credit Regulator says it did everything in its power to act against the reckless lending practices of African Bank

Business Times

Making of a Mark at Truworths

Truworths CEO Michael Mark. Picture: FINANCIAL MAIL
2 day(s) ago

It will be the end of an era at Truworths when Michael Mark, one of the longest-standing and most successful CEOs of a JSE-listed company, steps down at the end of next June

Business Times

STOCK TALK: Control of Naspers is still a mystery

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
2 day(s) ago

Ann Crotty looks at Naspers, BHP Billiton and Bidvest's takeover of Adcock Ingram

Americas

Seabridge upbeat on selling stake in Canadian mine

Picture: THINKSTOCK
5 day(s) ago

The prospect of finding a partner for its project in British Columbia improves as mining dealmaking activity revives, says Seabridge

Business Times

Unmasking threat scares Naspers off

Picture: SHELLEY CHRISTIANS
2 day(s) ago

A bid to unmask Naspers’s complex web of ownership appears to be behind Media24’s dramatic decision to abandon its plan to buy the 20% in Paarl Media it does not already hold.

Mining

Gold Fields increases earnings amid rationalisation exercises

Gold Fields CEO Nick Holland. Picture: MARTIN RHODES
5 day(s) ago

Gold Fields posts net earnings of $19m for the six months to June compared to a $102m loss for the same period a year earlier

Healthcare

STOCKWATCH: Adcock shares jump as Bidvest looks to raise stake

Bidvest CEO Brian Joffe. Picture: MARTIN RHODES
4 day(s) ago

Shares in struggling drug maker surge more than 7% on news that top shareholder Bidvest Group is looking to raise stake, a move that could trigger a full buy-out

Financial Services

African Bank woes ‘won’t do Nedbank unit much harm’

5 day(s) ago

African Bank’s collapse has had a less than 1% effect on Nedbank Private Wealth’s income portfolio, says division managing executive

Mining

Exxaro coal exports shoot up by 43%

Picture: THINKSTOCK
6 day(s) ago

Trading conditions during past six months challenging as the average price of export coal dropped more than expected

Industrials

Italtile profit up despite retail sector ills

Nick Booth. Picture: SUPPLIED BY ITALTILE
5 day(s) ago

The group’s higher-income customers and integrated supply chain supports growth

Energy

State set for tighter control of Eskom

Tshediso Matona. Picture: TREVOR SAMSON
6 day(s) ago

New CEO Tshediso Matona cites failure to account and will have to ensure utility complies with proposed bill that Department of Public Enterprises is working on

World

Action to end banks being ‘too big to fail’

Picture: THINKSTOCK
5 day(s) ago

Government leaders expected to agree that the world’s top banks must issue special bonds to increase the amount of capital that can be tapped in a crisis

Europe

Russia takes aim at McDonald’s

Picture: MARTIN RHODES
5 day(s) ago

Russian authorities launch nationwide inspections of McDonald’s restaurants

Europe

Watchdog finds bans against Standard Chartered more effective than a fine

Picture: REUTERS
5 day(s) ago

Authorities are finding that banning banks from certain businesses is a more effective punishment than just fining them for wrongdoing

Opinion

COMPANY COMMENT: Resilient; Metair

Metair CEO Theo Loock.  Picture: ROBERT BOTHA

Resilient leads rally in listed property sector, while Metair’s start-stop battery technology is a big market opportunity

Opinion

SIGN POST: Smartphone taxi apps go Uber large

Exactly a year after Uber arrived in SA to change the face of private taxi services, it is about to disrupt the world of metered taxis

Companies

Advtech sets aside R3bn for low-fee schools

Advtech CEO Frank Thompson. Picture: FINANCIAL MAIL
1 day(s) ago

It seems that the success of PSG-controlled Curro Holdings in the high-growth lower-fee private school market has prompted Advtech to broaden its pitch

Companies

Workforce shares soar as interim earnings treble

Picture: GALLO IMAGES/FOTO24/LOANNA HOFFMAN
1 day(s) ago

Recruitment group now benefiting from government policies — especially incentives for job creation and training

Property

Texton stands out in poorly performing office sector

Texton Property Fund CEO Rob Kane. Picture: FINANCIAL MAIL
1 day(s) ago

Texton CEO Rob Kane has said that 2014 has been a ‘cornerstone’ year for the fund

Media & Advertising

Naspers deal derailed after Caxton request

Picture: SHELLEY CHRISTIANS
2 day(s) ago

Caxton may have given the competition authorities ‘even more reason’ to investigate Media24 parent company Naspers’s shareholding structure

Property

Texton grows distributions despite struggling office sector

Property commercial Picture: THINKSTOCK
1 day(s) ago

Property fund says it has ‘performed well’ during busy, positive year, fundamental changes have led to solid platform from which to grow asset base

Mining

Shaft Sinkers upbeat after clients help out

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
2 day(s) ago

Shaft Sinkers is putting in place a £9.2m convertible note programme to restore its working capital after taking severe hits

Property

Redefine bid for Fountainhead falls at last hurdle

Picture: THINKSTOCK
2 day(s) ago

SA’s second biggest locally-based listed property company has been trying to gain control of Fountainhead since late in 2012

Science & Environment

iMfolozi coal mines raise concerns

PARTNER: Andrew Zaloumis says fostering a good relationship with those who live adjacent to the park is crucial. Picture: ARNOLD PRONTO
2 day(s) ago

Among fears being raised are that being close to the iMfolozi River, the major river feeding the Lake St Lucia estuary and iSimangaliso World Heritage site, any pollution from the mines would pollute the wildlife sanctuary

Telecoms & Technology

Sentech to run pilot of digital radio

Picture: THINKSTOCK
2 day(s) ago

State-owned broadcasting signal distributor’s move will open the airwaves to more radio stations and improved audio quality

Telecoms & Technology

MTN thrives while JSE indices flag

Picture: CHARLES GALLO/GALLO IMAGES
2 day(s) ago

MTN Group has added about R54bn to its market capitalisation since its well-received interim results early this month

Financial Services

FirstRand ‘to get cheap funds from new gold bond’

Picture: THINKSTOCK
2 day(s) ago

FirstRand Bank sells world’s first gold corporate bond

Opinion

Transformation is about more than just black CEOs

If we are serious about real transformation, people need to be thinking of how to transform the credit committees

Opinion

COMPANY COMMENT: Litha; Capitec

Picture: SUNDAY TIMES

The market has recently grown immune to the charms of Litha, while the ghost of Saambou is sending shivers through the market, with Capitec falling 5%

Industrials

Joint venture aims to manufacture electronics

Picture: THINKSTOCK
2 day(s) ago

Grand Parade Investments and Telllumat enter into joint venture, with newly created company looking to position itself as manufacturer of choice for electronic products

Business Times

Top Eskom man makes way for Matona

Tshediso Matona. Picture: TREVOR SAMSON
2 day(s) ago

Eskom's Dan Marokane was evidently instructed to drop out of the race for the Eskom CEO position to make way for government appointee Tshediso Matona

Mining

Light in the tunnel for Shaft Sinkers

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
2 day(s) ago

Shaft Sinkers putting deal in place to recapitalise the company, but costs UK-listed group its chairman

Americas

Discount retail battle heats up

Billionaire investor Carl Icahn. Picture: REUTERS
8 day(s) ago

Dollar General has offered to buy Family Dollar Stores for $8.95bn, trumping an offer by Dollar Tree

Mining

Gold Fields’s South Deep woes grow with R12bn Kebble suit

Nick Holland. Picture: MARTIN RHODES
5 day(s) ago

Persistent troubles with South Deep remain, as legacy adds to output problems

Energy

Exxaro to increase higher-margin coal exports

Exxaro Resources CEO Sipho Nkosi. Picture: MARTIN RHODES
5 day(s) ago

Exxaro set to ramp up higher-value coal exports from its Grootegeluk mine after amending its agreement with Eskom

Retail & Consumer

Truworths seeks new CEO for smooth transition

Picture: MICHAEL ETTERSHANK
5 day(s) ago

Truworths International looking for new CEO to replace Michael Mark

Mining

Billiton spin-off offers JSE investors a rarity

BHP Billiton CFO Graham Kerr. Picture: PUXLEY MAKGATHO
6 day(s) ago

Miner still committed to South Africa, and demerger plan is beneficial to the country

Europe

Glencore keeps promise to return cash to shareholders

Picture: REUTERS
6 day(s) ago

Commodities group announces share buyback programme of up to $1bn as it report forecast-beating first-half profit

Mining

Gold Fields production unaffected by safety stoppages

Picture: THINKSTOCK
5 day(s) ago

Gold miner says it maintained its full-year production forecast despite severely disrupted production due to work to improve support in tunnels

 
All Share 51666.36-0.12% down
Top 40 46397.67-0.17% down
Financial 15 14830.310.12% up
Industrial 25 60077.16-0.30% down
Resource 10 57902.890.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6827.840.07% up
Dow Jones 17106.700.00% same
All Share 51659.63-0.14% down
ASX 5648.900.26% up
S&P 500 2000.0200.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 10.6449-0.30% down
GBP/ZAR 17.6290-0.17% down
EUR/ZAR 14.0332-0.16% down
JPY/ZAR 0.1024-0.11% down
AUD/ZAR 9.9387-0.01% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1285.00500.34% up
Platinum 1421.50000.60% up
Silver 19.45950.42% up
Palladium 886.50000.62% up
Brent Crude Oil 102.8800.37% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51659.45
    Change: -0.14%
    Top 40 : 46388.89
    Change: -0.19%
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    Industrial 25 : 60088.28
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    Dow Jones : 17106.70
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    Change: -0.30%
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  • Gold : 1285.3200
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