PIC considers Altron buyout offer for Altech
Six years ago, the PIC’s shareholder activism scuttled Altron’s plans to buy out Altech’s minority shareholders
Property
Investec Property Fund doubles size of portfolio to R4.2bn
‘Balanced portfolio’ delivers solid performance, while group’s comfortable gearing ratio allows agile response to acquisition opportunities, CEO says
Companies
Non-casino gaming, advertising boosts HCI
Hosken Consolidated Investments sees overall increase of 6.4% in headline earnings in the year ended March
Labour
Amcu optimistic on reaching deal to cut Amplats job losses
Amplats, Department of Mineral Resources and four unions will hold talks at the CCMA to ensure that all alternatives to retrenchment have been explored
Healthcare
Actis could be a suitor for Adcock Ingram
London-based private equity firm Actis has emerged as a possible bidder for South Africa’s second-biggest drug maker, according to a source close to the deal
Companies
Authorities probe Zambia Sugar for tax evasion
Parent Illovo Sugar denies allegations that its subsidiary is not paying its dues to the country, writes Khulekani Magubane
Financial Services
Hollard raises stake in Etana Insurance to 100%
Privately owned South African insurer acquires all the shares it does not own in Etana Insurance for an undisclosed amount
Retail & Consumer
Mr Price still committed to Africa agenda
Retailer’s test stores in Nigeria and Ghana ‘have performed well’
Opinion
COMPANY COMMENT: New AngloGold chief wastes no time
Srinivasan Venkatakrishnan has moved quickly to begin streamlining the world’s third-biggest gold miner
Opinion
What is your company’s foreign policy?
Andrew Hammond
Some of the most enlightened firms recognise the need for a shift toward a strategic 'corporate foreign policy'
BusinessDay
Taste seeks to open 100 new food outlets across South Africa
Taste Holdings will continue to entice cash-strapped consumers with strong value propositions, says CEO Carlo Gonzaga
Europe
Cost-cutting plan gives Britvic a fillip ahead of AG Barr merger decision
British soft drinks maker Britvic announces plans to cut costs and expand in India
Financial Services
SWIFT points to its robust growth in Africa
Financial messaging provider says at African conference that growth in its business on the continent has outpaced its global operations by more than 16%
Mining
Amplats, parties agree on measures, plans to preserve jobs
Amplats agreement reached on measures to preserve jobs raises hope for easing of tensions
International companies
Foreign banks battle to crack tough Russian market
State banks are dominant, though the former communist country remains relatively underbanked, writes Rodrigo OrihuelaEurope
Regulator fines JPMorgan unit
Britain’s Financial Conduct Authority fines wealth management unit of US bank JPMorgan Chase for being unable to show it was giving clients the right advice
Europe
Pearson effects changes to boost performance
UK-based publisher unveils further shake-up that it says will take some time to implement
Americas
BNY Mellon to hire up to 100 new staff
World’s largest custody bank hiring up to 100 people in its wealth-management unit to counter lacklustre earnings in other businesses
Europe
Cost-cutting plan gives Britvic a fillip ahead of AG Barr merger decision
British soft drinks maker Britvic announces plans to cut costs and expand in India
Asia-Pacific
Sony considers IPO for its entertainment unit
Sony directors discuss whether to adopt billionaire Daniel Loeb’s proposal for IPO of its entertainment business
Americas
Clearwire approves Sprint’s new bid
Board approves Sprint Nextel’s new takeover bid of $3.40 a share, or about $2.5bn
Multimedia
Mediclinic reports R740m loss for year
Mediclinic International posts R740m loss, knocked by series of one-off items, including refinancing of Swiss debt and buyout of interests in its Dubai operationCompanies
Reinet Investments’ net asset value rises
Reinet Investments sees its net asset value rise 10% to €4.02bn in the year ended March
Companies
Growthpoint ‘to acquire high-quality assets’
Growthpoint Properties intends using proceeds of R2.52bn equity raising to bolster quality of its portfolio
Europe
Lloyds, RBS ‘can meet’ capital demands in UK
Britain’s biggest state-owned lenders say they will not need additional equity to help plug £25bn capital shortfall among country’s banks
Companies
Platinum-group metals are back in favour
Demand for platinum, palladium is set to rise as mining strikes lead to shortages, writes Nicholas Larkin
Financial Services
Michael Jordaan to step down as FNB CEO
Michael Jordaan to step down as First National Bank CEO at the end of this year after nearly a decade at the helm
Companies
Guardrisk offers ‘being considered’
Alexander Forbes group CEO says offers for Guardrisk Holdings will only be considered if there are 'synergies'
Retail & Consumer
Massmart sharpens focus on back of rising sales
Retailer reports sales for the first 21 weeks of the 2013 financial year up 9.8% and comparable sales growth 5.6% higher
Labour
Bonus row causes strike at Lanxess chrome mine
DAX-listed speciality German chemicals group says NUM breached ‘long-standing’ agreement over bonuses, precipitating violent strike at chrome mine near Rustenburg
Industrials
Barloworld says all business units performing ahead of last year
Performance of automotive and logistics units and Bucyrus business lift group’s revenue
Telecoms & Technology
MTN cracks top 100 in most valuable brands survey
MTN ranked 79th in the annual Millward-Brown BrandZ Top 100 Most Valuable Global Brands survey
Americas
Dimon keeps JPMorgan chairman title after bruising battle
Shareholders let JPMorgan Chase & Co CEO Jamie Dimon keep his chairman title by even greater margin than last year
Companies
Platinum-group metals are back in favour
Demand for platinum, palladium is set to rise as mining strikes lead to shortages, writes Nicholas Larkin
Retail & Consumer
Resilient Lewis Group lifts headline earnings 14% in tough market
Lewis Group puts resilient performance in challenging trading environment down to success of decentralised model of the business
Mining
Jubilee weighs offer to toll-treat platinum-bearing material
CEO says deal can help with cost of restoring suspended PhokaThaba operation back to production
Companies
Acquisitions buoy recruitment giant Adcorp
Sector CEOs believe the industry is ripe for consolidation with about 2,000 companies operating in the sector
Financial Services
Abil reels as dividend cut disappoints investors
Unsecured lending bubble fears mount after ‘horrific’ results
Media & Advertising
State fund invests in Independent group
Government Employees Pension Fund will acquire 25% stake in newspaper group Independent News & Media South Africa
Europe
Louis Vuitton’s lead over rivals narrows
Louis Vuitton losing ground as most valuable luxury brand as competitors gain, new research report shows
Industrials
Phaswana appointed as co-chairman at Mondi
Standard Bank chairman Fred Phaswana joins international packaging and paper group Mondi to replace Cyril Ramaphosa
Industrials
Sasol Chemical Industries questions expert testimony on propylene prices
Expert testifies that the pricing of purified propylene is more complex than for many other petrochemicals
Transport & Tourism
SA Express upbeat about breaking even this year
Airline will not need a bail-out of the type contemplated for its larger sibling SAA, says CEO Inathi Ntshanga
Mining
Buildmax says all its business units are profitable
Open-cast mining contractor and building materials distributor reports that its profit gained strong traction in the year to February
African Business
Zimbabwean brewer reports 14% revenue increase
Delta Corporation declares a second-half dividend of 2.23 US cents after posting a 14% increase in revenue
Energy
Firestone Energy investors get extra time to consider offer
Firestone Energy shareholders have until beginning of next month to decide on merits of a complex offer for their shares made by Waterberg Coal Company
Transport & Tourism
Transport strike dashes Autopax hope of renewed profit
Strike ruins prospect of state-owned bus company reporting its first profit after 10 consecutive years of losses
Americas
Yahoo splashes out $1.1bn to buy blogging network Tumblr
Yahoo confirms it is buying Tumblr as CEO seeks to lure users and advertisers with priciest acquisition to date
Companies
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
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
JSE Sens
- INP: INVESTEC LIMITED - Publication of Circulars
- FIRSTRAND BANK LIMITED - Full Capital Redemption - FRS67 FRC11
- JDG: JD GROUP LIMITED - Resignation of JD Group Executive Director
- JSE LIMITED - Index Change Advice - 20130531 Arrowhead Properties (B) Shares In Issue Update
- JSE LIMITED - Index Change Advice - 20130531 Arrowhead Properties (A) Shares In Issue Update
- FPT: FOUNTAINHEAD PROPERTY TRUST - Director's Dealings
- TBX: THABEX LIMITED - R45 million investment to develop the Monastery Kimberlite Project, cautionary and update on listing on JSE
- MRF: MERAFE RESOURCES LIMITED - Changes to the Board Committee
- RGT: RGT SMART MARKET INTELLIGENCE LTD - Posting of Joint Circular to Shareholders of RGT
- LON: LONMIN PLC - REGULATORY RELEASE
- RBW: RAINBOW CHICKEN LIMITED - Dealings in securities by a director of a major subsidiary
- PFG: PIONEER FOOD GROUP LIMITED - Dealing In The Company´s Shares By A Director
- THE STANDARD BANK OF SA LTD - The Standard Bank of South Africa Limited
- AND: ANDULELA INVESTMENT HOLDINGS LTD - Change to the board of Directors
- THE STANDARD BANK OF SA LTD - The Standard Bank of South Africa Limited
| All Share | 40855.89 | 0.00% | same |
| Top 40 | 36312.44 | 0.00% | same |
| Financial 15 | 11688.69 | 0.00% | same |
| Industrial 25 | 46366.22 | 0.00% | same |
| Resource 10 | 46042.72 | 0.00% | same |
Data supplied by I-Net Bridge
| FTSE 100 | 6696.79 | 0.00% | same |
| Dow Jones | 15294.50 | 0.00% | same |
| All Share | 40855.89 | 0.00% | same |
| ASX | 4971.80 | -1.37% | down |
| S&P 500 | 1650.510 | -0.29% | down |
Data supplied by I-Net Bridge
| USD/ZAR | 9.5479 | 0.32% | up |
| GBP/ZAR | 14.3995 | 0.17% | up |
| EUR/ZAR | 12.3331 | 0.08% | up |
| JPY/ZAR | 0.0933 | -0.11% | down |
| AUD/ZAR | 9.2366 | -0.33% | down |
Data supplied by I-Net Bridge
| Gold | 1393.2450 | 0.12% | up |
| Platinum | 1463.0000 | 0.48% | up |
| Silver | 22.5120 | -0.27% | down |
| Palladium | 741.0000 | 1.09% | up |
| Brent Crude Oil | 102.470 | 0.03% | up |
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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