Aspen aims to buy Glaxo’s thrombosis drugs, plant
SA’s biggest generic drug maker says deal to buy GlaxoSmithKline’s thrombosis drugs and manufacturing site could lift turnover by £300m
Retail & Consumer
SABMiller to get bite of Kopparberg Brewery apple
World’s second-largest brewer SABMiller, in line with its plan to grow its categories, enters agreement for long-term licensing of Kopparberg cider products
Property
Van Niekerk named as new Fountainhead CEO
Former SA Corporate Real Estate Fund MD Len van Niekerk says property trust’s focus will be upgrades, extensions and refurbishments of retail assets
Telecoms & Technology
Telkom split of wholesale and retail promises lower prices
The functional separation has raised speculation that a structural separation of Telkom could be on the cards
Property
JSE clears Redefine in R10bn portfolio battle
Ruling likely to be a blow to Growthpoint Properties’ ambitions to acquire Fountainhead’s R10bn portfolio
Retail & Consumer
Edcon secures franchise rights to UK’s Dune brand
A standalone Dune store will open in Sandton City Shopping Centre in August, with store-in-store concepts opening in four Edgars branches during November
Companies
A formula for Servest with a smile
Resurgent group aiming to double R4bn turnover, writes Evan Pickworth
Burger King sees working parents gap in SA market
Burger King plans to open about 12 branches in South Africa next year as it seeks to tap into the country’s $1.9bn-a-year fast-food marketOpinion
Big four banks letting their clients in Mthatha down
Phakamisa Ndzamela
Majority of big-four banks demonstrate that poor service delivery is not restricted to government services
Telecoms & Technology
‘Integrated strategy’ neglects Telkom Mobile
Analysts have previously voiced concerns about mobile unit’s viability, writes Thabiso Mochiko
Financial Services
Standard regains lead in banking market
The battle is not over with rival FirstRand nipping at lender’s heels, writes Maarten Mittner
International companies
Boeing launch sharpens rivalry
Launch of larger version of its flagship Dreamline aircraft sharpens battle with rival Airbus in booming market for fuel-efficient, long-distance aircraftEurope
Maersk plans alliance with two biggest shipping rivals
World’s three biggest container shipping companies agree to share vessels in bid to minimise losses caused by overcapacity and falling freight rates
Europe
TeliaSonera names Africa, Asia veteran as CEO
TeliaSonera taps manager with emerging-markets experience as the biggest Swedish phone company targets regions such as Asia to reverse falling sales
Europe
Liberty Media joins race against Vodafone for Kabel Deutschland
Vodafone faces battle for Germany’s largest cable company, although rival bidder has greater regulatory and funding hurdles to overcome
Media
Irish parent approves Independent News & Media SA sale
Controversial sale of Independent News & Media South Africa to Sekunjalo consortium to proceed after shareholders give the go-ahead
Asia-Pacific
Samsung set to launch faster phone model
Head of its mobile business at Samsung Electronics says company plans to sell a faster version of flagship Galaxy S4 smartphone
Europe
Hollande backs fraud-accused CE
France Telecom shares jump after President Francois Hollande backs CEO to keep his job
How a small factory in Port Elizabeth conquered the world
By investing in the Eastern Cape, mechanisation and making astute acquisitions, Aspen’s CEO has built up an R80bn company, writes Ray HartleyFinancial Services
No upfront fee product proves win for Liberty
Liberty expects to raise R5bn in retail investments by the end of the year through its recently launched no upfront fees investment product, Liberty Evolve
Telecoms & Technology
CEO insists Telkom is on a new path
Company set to sell off noncore and poorly performing assets
Transport & Tourism
Fastjet sets off on new flight path
Controversial low-cost carrier will not be selling tickets in SA any time soon
Telecoms & Technology
Jury is still out on ailing Telkom
Telkom’s leadership has made some bold moves in the past few months, but the jury is still out on whether this is enough to turn around the ailing fixed-line operator
Energy
Nordex awarded wind farm contract
Construction of the Eastern Cape wind farm south of Bedford will start in the third quarter of next year
Media & Advertising
AME grows revenue by 5% to R216.7m
Africa Media Entertainment says it is confident next year’s revenue will compare favourably with the previous reporting period
Europe
ABB promotes top manager Spiesshofer to CE
ABB names one of its top managers as its new CE, calming investor fears of a management vacuum after the surprise resignation of CEO Joe Hogan
Business
Cadac Pension Fund under scrutiny
Claims emerge of pensioners’ money used to buy gleaming headquarters and irregularities in appointment of provisional curator of Cadac Pension Fund
JSE Sens
- EQS: EQSTRA HOLDINGS LIMITED - Disposal of securities by Investec Asset Management Holdings (Pty) Ltd ("Investec")
- TKG: TELKOM SA SOC LIMITED - Settlement of the Multiple Complaints Referral
- UBU: UBUBELE HOLDINGS LIMITED - Notification to shareholders: demand for a general meeting
- PRIVATE RES MORT SERIES 2 (PTY) LTD - New Financial Instrument Listing - PR2C1H
- PRIVATE RES MORT SERIES 2 (PTY) LTD - Private Residential Mortgages (RF) Limited - New Financial Instrument Listing - PR2D1H
- DGC: DIGICORE HOLDINGS LIMITED - Dealings in securities by directors of a major subsidiary and company secretary of Digicore
- FIRSTRAND BANK LIMITED - Interest Rate Reset - FRC78 FRC79 FRC82 FRC95 FRC98 FRC110 FRC117
- CMA: COMMAND HOLDINGS LIMITED - Changes to the Board
- DTC: DATATEC LIMITED - Dealing in securities by an associate of a director
- HAR: HARMONY GOLD MINING COMPANY LIMITED - Impairment of Hidden Valley asset
- PRIVATE RES MORT SERIES 2 (PTY) LTD - New Financial Instrument Listing - PR2B1H
- PRIVATE RES MORT SERIES 2 (PTY) LTD - New Financial Instrument Listing - PR2A1H
- MTN: MTN GROUP LIMITED - Dealing in securities by a director
- AEA: AFRICAN EAGLE RESOURCES PLC - Correction of prior announcement with regard to terms of 2010 transaction with Jacana Resources Limited ("Jacana")
- 1TM: 1TIME HOLDINGS LIMITED - Renewal of cautionary announcement
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In depth: Budget 2013
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