Why Fastjet failed to take flight
Glitch with Fastjet’s website scuppers local launch date of the low-cost carrier
National
Report calls for listing of some state companies
Call for greater mix of debt and equity finance surprises analysts
Industrials
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
Retail & Consumer
Richemont’s stock soars on solid growth
Sparkling results help allay fears on demand for luxuries
Industrials
Strong SA, Zimbabwe sales boost PPC results
However, net profit down 20% on reporting standards and indigenisation charges
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
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
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 groupsLand & 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
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
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
International companies
Glencore wields axe on Xstrata top brass
Glencore bosses tighten their grip on the miner and trader as shareholders vote out all former Xstrata directorsWorld
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
Europe
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
Multimedia
Tax move may end usefulness of trusts
Dividend withholding tax proves obstacle for estate planners, writes Ruan JoosteCompanies
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
Sasol rival says its expansion thwarted by propylene prices
Safripol’s ability to provide effective competition to Sasol is limited by its reliance on Sasol
Americas
Google rolls out music service for mobile gadgets
Launch of Google Play All Access comes at kickoff of Google developers’ conference in San Francisco
Europe
Prospects improve for UK sale of Lloyds bank stake
Britain’s largest retail bank Lloyds expects to return to profit this year, increasing the government’s chances of selling its stake before next general election in 2015
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
Europe
SocGen faces bribery scandal at Russian unit
Rosbank CE Vladimir Golubkov held in Moscow on suspicion of receiving six-figure bribe, jeopardising Société Générale’s plans to turn around its Russian unit
Europe
Italian bank Monte dei Paschi pares losses
Weakest of Italy’s top five banks also improves asset quality, stems outflows in first quarter, in first signs of recovery from derivatives scandal
Telecoms & Technology
Battle for instant-messaging market looms
BlackBerry’s decision to extend its popular messaging system to other mobile operating platforms could add to its consumer appeal and boost competition in instant-messaging space, writes Thabiso Mochiko
JSE Sens
- 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
- BFS: BLUE FINANCIAL SERVICES LIMITED - Trading update
- DST: DISTELL GROUP LIMITED - Retraction Announcement
- DST: DISTELL GROUP LIMITED - CANCELLATION OF S331860 Dealings In Securities By A Director Of A Major Subsidiary
- FIRSTRAND BANK LIMITED - New Instrument Listing - FRC171
- GFI: GOLD FIELDS LIMITED - Dealing in Securities
- AMS: ANGLO AMERICAN PLAT LTD - Disclosure Of Acquisition Of Securities Of The Company
- ALT: ALLIED TECHNOLOGIES LIMITED - Firm Intention to make an Offer to Acquire Altech Minority Shareholders
- ATN: ALLIED ELECTRONICS CORPORATION LTD - Firm Intention to make an Offer to Altech Minority Shareholders
- HCI: SEARDEL INVESTMENT CORPORATION LTD - Sale of stake in Sabido by HCI to Seardel and Cautionary Announcement
- HCI: HOSKEN CONSOLIDATED INVESTMENTS LTD - Sale of stake in Sabido by HCI to Seardel and Cautionary Announcement
| 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 | 5159.80 | 0.00% | same |
| S&P 500 | 1667.470 | 0.00% | same |
Data supplied by I-Net Bridge
| USD/ZAR | 9.4046 | 0.05% | up |
| GBP/ZAR | 14.2711 | 0.34% | up |
| EUR/ZAR | 12.0825 | 1.94% | up |
| JPY/ZAR | 0.0911 | 0.15% | up |
| AUD/ZAR | 9.1670 | 0.39% | up |
Data supplied by I-Net Bridge
| Gold | 1360.1000 | 0.37% | up |
| Platinum | 1455.0000 | 0.28% | up |
| Silver | 22.2600 | 0.16% | up |
| Palladium | 738.5000 | 0.61% | up |
| Brent Crude Oil | 104.640 | 0.00% | same |
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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