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Maria Ramos. Picture: MARTIN RHODES

Barclays Africa eyes faster expansion

3 hour(s) ago

It has applied for a commercial banking licence in Nigeria and one for an insurance business in Kenya

Financial Services

African Bank’s spin-off ‘good bank’ could be set up by June

Tom Winterboer.  Picture: RUSSELL ROBERTS
3 hour(s) ago

Curator can make offer to creditors owed R48bn only once Banks Act amendment is passed into law, possibly in April

Retail & Consumer

Steinhoff is set for Frankfurt

Markus Jooste. Picture: FINANCIAL MAIL
2 hour(s) ago

Steinhoff expects the competition authorities to approve its R62.8bn takeover of Pepkor within the next two week

Industrials

Eqstra turnaround restores confidence of investors

Eqstra Holdings Interim Results with CEO Walter Hill in Sandton. Picture: MARTIN RHODES
2 hour(s) ago

Shares rise nearly 20% after company reports its after-tax profit had risen 7.8% in its interim results to December

Retail & Consumer

Cashbuild defies tough times

A Cashbuild outlet in Rustenburg, North West. Picture: MARTIN RHODES
2 hour(s) ago

Earnings for six months ended December soar despite ‘difficult trading conditions’

Mining

Higher production boosts Merafe

The bill confirms the practice of allowing investors, including mining houses, to freely repatriate returns, subject to taxation and applicable legislation.  Picture:MARIANNE PRETORIUS
2 hour(s) ago

Junior partner in SA chrome venture with Glencore posts improved annual results on the back of higher production

Mining

Royal Bafokeng to raise R3bn debt for first phase at Styldrift

Royal Bafokeng Platinum CEO Steve Phiri. Picture: SUNDAY TIMES
1 hour(s) ago

The R11bn Styldrift mine will be RBPlat’s second mine and the board recently approved advancing a definitive study into expanding the mine

Retail & Consumer

Pioneer goes into food partnership in Nigeria

Picture: THINKSTOCK
1 hour(s) ago

ProNutro maker will pay $7m as it invests in a majority stake of newly formed company Food Concepts Pioneer

Picture: SHELLEY CHRISTIANS

Naspers aims to grow TV offering in Nigeria

Naspers broadcasts English Premier League soccer and international dramas in Africa through its MultiChoice unit

Industrials

Torre’s first payout way ahead of expectations

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

Industrial services company has its detractors as small-cap companies that grow rapidly from acquisitions have often come unstuck

Europe

BAT eyes rest of Brazil’s Souza Cruz

Picture: THINKSTOCK
1 hour(s) ago

The bid highlights the paucity of acquisition targets in the $783bn tobacco industry, says analyst

Cliffe Dekker Hofmeyr

What makes for a winning law firm in current economic conditions?

Brent Williams. Picture: Jasper Coetzee
13 day(s) ago

Awards, recognition of work of specialist lawyers, successful practice teams indicate Cliffe Dekker Hofmeyr remains on right track, writes Brent Williams

Featured partners

Opinion

THE LAST WORD: A sweet something for Steinhoff in JD deal

Investors should keep a watchful eye on Steinhoff for signs that it may overstep the traditional rules of a parent-child relationship


International companies


Asia-Pacific

Graft crackdown knocks Macau casino revenue

Picture:  AFP PHOTO/ FILES/PHILIPPE LOPEZ
1 hour(s) ago

Gaming revenue almost halves as crackdown on corruption in China keeps high-stakes gamblers away

Europe

Barclays increases war chest for legal battle

Picture: BLOOMBERG/CHRIS RATCLIFFE
1 hour(s) ago

Barclays sets aside extra £750m to cover cost of settling investigation into alleged currency rigging

Americas

Tinder takes swipe at generating revenue

Picture: THINKSTOCK
20 hour(s) ago

Tinder launches premium service, its first effort to generate revenue, plans to introduce advertising by end March

Barack Obama. Picture: AFP PHOTO/POOL/SAUL LOEB

Obama hits at China’s new rules on US tech

US president sharply criticises China’s plans for new rules on US technology companies

Americas

Hewlett-Packard aims to boost networking unit with acquisition

Hewlett-Packard CEO Meg Whitman could be hoping to grow revenue in China with the acquisition of Wi-Fi networking gear maker Aruba which already has a foothold there. Picture: REUTERS
1 day(s) ago

Shares see slight dip after HP agrees to pay $3bn, with debt and cash, for Aruba Networks in largest acquisition in several years

Picture: GALLO IMAGES/FOTO24/LOANNA HOFFMAN

Torre Industries declares a maiden dividend

Torre says this is an indication ‘of the confidence that the board has in the long-term ability of the group to sustain earnings and free cash flow’

Retail & Consumer

Burger King banks on about 250 outlets

A Burger King outlet at Park Station in Johannesburg. Picture: THE TIMES
1 day(s) ago

Aggressive expansion has been held back by the various approvals required by the respective municipalities

Mining

Strong operational performance boosts RBPlat

Picture: THINKSTOCK
23 hour(s) ago

But Royal Bafokeng Platinum warns production at Styldrift project has been pushed back by six months because of difficulties at shaft

Mining

Weaker commodity markets hit Glencore’s earnings

Picture: REUTERS
22 hour(s) ago

Resources company says it has decided to curtail coal production at Optimum, some coal operations in Australia to align volumes, qualities with demand

Retail & Consumer

Cashbuild ‘positive’ about top line trading performance

A Cashbuild outlet in Rustenburg, North West. Picture: MARTIN RHODES
23 hour(s) ago

Company reports 31% increase in interim operating profits ‘due to continued focus on margins within the competitive environment’

Industrials

Joffe doubts PIC will sell Adcock

Brian Joffe. Picture: MARTIN RHODES
1 day(s) ago

Industrial conglomerate lowers ambition of full takeover of Adcock Ingram following sharp rise in share price of struggling drug-maker

Financial Services

Santam unit MiWay eyes life insurance

Picture: SANTAM
1 day(s) ago

Less adverse weather last year compared to previous years also helped Santam generate better margins

Americas

GSK and Novartis seal swaps

A Novartis logo on its headquarters in Mumbai, India. Picture: REUTERS
1 day(s) ago

Companies complete a series of asset swaps worth more than $20bn that will ’reshape both drug makers’

Americas

Buffett looks to succession, signals future growth problem

Berkshire Hathaway chairman Warren Buffett.  Picture: REUTERS
2 day(s) ago

In letter to shareholders, Warren Buffett says future pace of gains ‘will not come close’ to those of the past

Europe

Barclays boss targets investment unit

Antony Jenkins.  Picture: REUTERS
1 day(s) ago

CEO has pledged to dismantle the fixed income-dominated investment bank created by predecessor Robert Diamond

Industrials

Afrox hopes to lift earnings margin after restructuring

Brett Kimber. Picture: FINANCIAL MAIL
1 day(s) ago

Industrial gases company looks for opportunities to close manufacturing plants and will likely target older, less efficient facilities

Property

SA Corporate reports improved performance of retail portfolio

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

Group acquires a R1.1bn portfolio of residential and retail property in the Johannesburg inner city from Affordable Housing Company

Business Times

Nedbank results leave market cold

Mike Brown. Picture:MARTIN RHODES
2 day(s) ago

Some analysts weren’t overly impressed by the company’s results, saying that Nedbank’s earnings had only ‘marginally’ beat expectations

African Business

‘No reason to panic’ over Nigeria

A security officer checks a man outside the Nigerian Stock Exchange in Lagos. Picture: REUTERS
2 day(s) ago

A weakened economy on the collapse of the oil price in the second half of 2014, and terrorism particularly in the north of the country, have dented Nigerian equities

Business Times

Going places under her own steam

Phuti Mahanyele has long been singled out as one of South Africa's  exceptional business leaders. Picture: TSHEKO KABASIA
2 day(s) ago

Phuti Mahanyele is confident about her future — and the outlook for SA — as she quits CEO post

Business Times

BEE group in bid to scrap R664m Lonmin deal

Kholisile Dingiswayo and Moipone Tabi, members of the Serodumo Sa Rona in Bapong, North West. Picture: SOWETAN
2 day(s) ago

Lonmin is bracing itself for a bitter fight as members of the Bapo ba Mogale community go to court this week in a bid to unravel its R664m empowerment deal

Opinion

Mining compact ignores crucial players

Bafokeng mine. Picture: BLOOMBERG/NAASHON ZALK

Ignoring the concerns of mining community organisations is tantamount to signal jamming

Industrials

Eqstra shares surge after swinging into profit

Eqstra Holdings Interim Results with CEO Walter Hill in Sandton. Picture: MARTIN RHODES
17 hour(s) ago

Leasing firm makes biggest intraday gain after announcing first-half profit due to cost cuts, closure of loss-making businesses

Mining

Khulubuse Zuma loses Aurora court bid

Controversial businessman and nephew of President Jacob Zuma, Khulubuse Zuma, arrives for his uncle's inauguration ceremony at the Union Buildings in Pretoria on Saturday. Picture: AFP PHOTO/POOL/MUJAHID SAFODIEN
16 hour(s) ago

Urgent application by Khulubuse Zuma to have claims of more than R1.5bn against Aurora Empowerment Systems set aside is dismissed by High Court in Pretoria

National

Government ‘will not sell Telkom to rescue Eskom’

Picture: GALLO IMAGES
21 hour(s) ago

Minister of telecommunications and postal services says government will not select fixed-line operator because it will lead expansion of internet access

Financial Services

Barclays Africa makes modest gains as key markets feel pressure

Picture: BLOOMBERG/CHRIS RATCLIFFE
21 hour(s) ago

Barclays Africa reports 6% increase in full-year revenue to R63.2bn for year ended December 2014 as number of key markets come under pressure

Industrials

Accentuate cost management helps grow interim earnings

Accentuate CEO Fred Platt.  Picture: FINANCIAL MAIL
1 day(s) ago

Biggest immediate threat to Accentuate and especially its flooring production plant in East London is load shedding

Retail & Consumer

JD Group debt stance grows debtors’ costs

Picture: THINKSTOCK
1 day(s) ago

Company plans to use R4.7bn proceeds from the sale of its bad-debt laden loan book to pay down debts

Financial Services

Nedbank’s BEE share shrinks

Dr Reuel Khoza addresses the World Summit on Sustainable Development in Johannesburg. His retirement in May marks the end of an era. Picture: UNITED NATIONS
2 day(s) ago

Further dilution looms as deal matures, raising questions on another deal to meet financial sector code target

Opinion

COMPANY COMMENT: Discovery; Shoprite

CEO Adrian Gore addresses the media and analysts regarding Discovery's results in Sandton, Johannesburg, on Tuesday. Picture: MARTIN RHODES

Discovery intent on further growth while Shoprite’s CEO Whitey Basson says exclusivity clauses an agressive retail discounting

Opinion

ON THE MONEY: New bourse may deter investors

SA has a small economy with a relatively small group of possible listings

Financial Services

Old Mutual earnings profile ‘will change’

Old Mutual. Picture: BLOOMBERG/SIMON DAWSON
2 day(s) ago

Group targets earnings growth in UK and rest of Africa as dominant South African business falters

Transport & Tourism

Transnet to roll out new locomotives in July, says CEO

Transnet. Picture: BLOOMBERG/DEAN HUTTON
1 day(s) ago

Transnet will roll out new locomotives in July after General Electric completes its technical design, CEO announces

Business Times

Telkom won’t foot bill for broadband

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
2 day(s) ago

Minority shareholders will be relieved to learn that Telkom does not have to bear burden of entire bill for R98bn national broadband rollout project

Mining

Pan African expects Evander boost

Picture: ARDBEL
2 day(s) ago

Tailings project could be the precursor to a much larger tailings treatment project of 1-million tonnes a month at Evander

Energy

PetroSA plans to cut jobs on slow Mthombo

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES
2 day(s) ago

National oil company to cut staff numbers by up to 40% as revenue spirals

Business Times

Little hope for Joffe’s Adcock move

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

Analysts say there’s practically no chance of widespread shareholder support for the deal

Business Times

Q&A: Whitey on the budget, poor growth and Eskom

Shoprite CEO Whitey Basson. Picture: MARTIN RHODES
2 day(s) ago

Shoprite enjoyed a steamy 42% share price rally from October to end-January, but the fun appears to be over. CEO Whitey Basson discusses the numbers

Europe

Royal Bank of Scotland to pull out of 25 countries

Royal Bank of Scotland. Picture: REUTERS/TOBY MELVILLE
5 day(s) ago

State-controlled lender to drastically shrink investment banking operations to allow it to refocus on local lending in Britain

JSE Sens

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Calendar

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Glencore Glencore finals
Royal Bafokeng Platinum Royal Bafokeng Platinum finals
Merafe Merafe finals
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