Takeover of Altech ‘was Altron’s plan’
CEO says shareholders will back offer to buy remaining shares
Mining
Eqstra buys back shares to ‘grow shareholder value’
Contract miner and equipment leasing group repurchases 8-million shares in the open market, as it looks to enhance shareholder value
Mining
Protech Khutele returns to profit in full year
Mining services and equipment leasing group, subject of hostile takeover by Eqstra, says market conditions remain unchanged but turnaround is on track
Industrials
Barloworld headline earnings up 31%
Industrial group grows half-year revenue by 11%, with CEO Clive Thompson praising ‘strong’ financial performance, especially from new acquisitions
Media & Advertising
Seardel, HCI retract transaction notice
Hosken Consolidated Investments and Seardel cancelled deal that was to create new media platform
Labour
Strike fears as NUM demands 60% increases
Union to seek pay rises of up to 60% from gold and coal producers, raising prospect of fresh strikes as companies battle higher costs and falling prices in an already heated labour climate
Financial Services
Liberty shares rise on ‘good all round’ update
Liberty Holdings’ share price increases as operational improvements continue to benefit insurance and asset management businesses
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
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
Vodacom posts a 23% rise in earnings
Group revenue rises 4.5% to R69.9bn as continued smartphone penetration pays off and company ends year with 51.7-million customersOpinion
Commercial prosecution in collapse
Stuart Theobald
Brown uses the court system to frustrate curators of Fidentia, while his juniors get jail sentences for helping the state, writes Stuart Theobald
Financial Services
Abil witnesses 26% drop in headline earnings
Fall follows leading unsecured lender’s risk reduction measures intended to strengthen the quality of the loan book and sustain profitable growth
Financial Services
Finbond earnings in black as it plans growth
Finbond Group is a favourite on the JSE after shares increased at news of new mutual bank
Business
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 groups
Retail & Consumer
Nando’s hots up as competition bites
Slowly but surely, the peri-peri chicken chain is pecking its way to international success
International companies
Wells Fargo peaks on home sales rebound
US home lender and bank closes at record high as strength in economy and housing markets spur buyersEurope
Miner ENRC rejects $4.8bn bid to go private
Metals producer being investigated by UK’s Serious Fraud Office rejects bid to take the company private
Americas
JPMorgan investors to decide Jamie Dimon’s future
Group of investors has demanded independent chairman to safeguard firm from possible future scandals
Europe
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
Multimedia
Report calls for listing of some state companies
Call for greater mix of debt and equity finance surprises analystsCompanies
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
Transport & Tourism
Why Fastjet failed to take flight
Glitch with Fastjet’s website scuppers local launch date of the low-cost carrier
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
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
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
Business
Tax move may end usefulness of trusts
Dividend withholding tax proves obstacle for estate planners, writes Ruan Jooste
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
JSE Sens
- VODACOM GROUP LIMITED - Final dividend No 8 for the year ended 31 March 2013 - correction of net dividend
- JSE: JSE LIMITED - Grant and acceptance of shares (allocation 4) under long Term Incentive Scheme 2010 ("LTIS 2010")
- INDWA INVESTMENTS LIMITED - Full Capital Redemption - IND321
- ANG: ANGLOGOLD ASHANTI LIMITED - Retirement of Directors
- PTXTEN: PROP INDEX TRACKER COL INV SCHEME - Listing of 300 000 additional PropTrax TEN Securities - PTXTEN
- TMT: TREMATON CAPITAL INVESTMENTS LTD - DISPOSAL BY TREMATON OF SHOPRITE CENTRE RUSTENBURG
- NGPLT: NEW GOLD ISSUER LIMITED - Listing of additional NewGold platinum debentures - NGPLT
- SER: HOSKEN CONSOLIDATED INVESTMENTS LTD - Clarifying announcement in respect of sale of stake in Sabido by HCI to Seardel
- NTC: NETCARE LIMITED - Unaudited interim results of the six months ended 31 March 2013
- NTC: NETCARE LIMITED - Unaudited interim re.../02
- BTI: BRITISH AMERICAN TOBACCO PLC - Transaction in own shares
- 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
| All Share | 41393.30 | -0.05% | down |
| Top 40 | 36799.83 | 0.08% | up |
| Financial 15 | 12071.56 | -0.20% | down |
| Industrial 25 | 47382.96 | 0.45% | up |
| Resource 10 | 45361.47 | -0.44% | down |
Data supplied by I-Net Bridge
| FTSE 100 | 6735.18 | 0.18% | up |
| Dow Jones | 15354.40 | 0.00% | same |
| All Share | 41422.72 | 0.02% | up |
| ASX | 5185.40 | 0.50% | up |
| S&P 500 | 1667.470 | 0.00% | same |
Data supplied by I-Net Bridge
| USD/ZAR | 9.3970 | -0.03% | down |
| GBP/ZAR | 14.2952 | 0.51% | up |
| EUR/ZAR | 12.0907 | 2.01% | up |
| JPY/ZAR | 0.0917 | 0.31% | up |
| AUD/ZAR | 9.1963 | 0.39% | up |
Data supplied by I-Net Bridge
| Gold | 1350.3350 | 0.53% | up |
| Platinum | 1449.5000 | 1.43% | up |
| Silver | 21.4750 | 1.99% | up |
| Palladium | 736.0000 | 0.27% | up |
| Brent Crude Oil | 104.410 | -0.20% | 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
| African Bank | African Bank interims
|
| Barloworld | Barloworld interims
|
| Evraz Highveld | Evraz Highveld Steel & Vanadium Q1 financial results and AGM.
|
| Vodacom | Vodacom finals
|
| Pioneer Foods | Pioneer Foods interims
|
| Netcare | Netcare interims
|
| Protech | Protech Khutele finals
|
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