State fund invests in Independent group
Government Employees Pension Fund will acquire 25% stake in newspaper group Independent News & Media South Africa
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
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
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
Financial Services
Abil reels as dividend cut disappoints investors
Unsecured lending bubble fears mount after ‘horrific’ results
Industrials
Barloworld says all business units performing ahead of last year
Performance of automotive and logistics units and Bucyrus business lift group’s revenue
Energy
Labat Africa looks to diversify into oil with Namibia deal
Labat Africa aims to invest in an oil and petroleum company in Namibia, in a bid to reposition its model following a troubled history
Media & Advertising
E.tv deal ‘to give Seardel another string to its bow’
Seardel CEO says inclusion of e.tv holding company Sabido will give institutional investors more direct access to media group’s performance of the
Netcare CEO says Competition Commission must also probe pharmaceuticals
CEO Richard Friedland says he is disappointed that Competition Commission’s planned inquiry into private healthcare sector will exclude pharmaceutical sectorOpinion
COMPANY COMMENT: Vodacom is looking abroad again
Vodacom looks for expansion opportunities while the JSE tells a contrasting tale of two unsecured lenders
Retail & Consumer
Pioneer feels pinch as consumers cut spending
Pioneer Food Group reports 0.6% drop in headline earnings per share for six months ended March as rising utility, education and transport costs put strain on households
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
Industrials
Protech Khuthele says results ‘vindicate’ board’s view on Eqstra offer
Construction, engineering and readymix group says move to profit shows progress in its strategic turnaround programme
Industrials
Austro back into profit after write-downs
Provider of industrial power and woodworking equipment reports it has moved from posting an interim headline loss of 3.4c per share last year to headline earnings of 2.8c per share
Companies
Sasol plans office behemoth in Sandton
Petrochemicals giant consolidating Gauteng offices into new building that will be among the country’s largest private, single-tenanted office developments
International companies
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 yearAsia-Pacific
Sprint gets SoftBank waiver for Dish talks
Sprint Nextel says Japanese suitor granted it waiver to consider $25.5bn rival bid by Dish Network
Europe
Ryanair focus on short-haul market pays off
Europe’s biggest discount airline boosts full-year profit 13% as it adds routes and aircraft to target short-haul markets
Americas
Goldman ‘selling $1.1bn stake in Chinese bank’
Goldman Sachs seeking to end a seven-year investment in Industrial & Commercial Bank of China, says a person with knowledge of the matter
Americas
Actavis to buy Warner Chilcott in $8.5bn deal
Largest US maker of generic drugs by market value agrees to acquire Warner Chilcott for $8.5bn, including net debt
Multimedia
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 customersEurope
NEWS ANALYSIS: Verizon windfall revives Vodafone growth plans
Vodafone Group’s investors have ideas for the $100bn or more that the company stands to pocket for its stake in Verizon Wireless
Healthcare
Netcare’s earnings rise, helped in part by weaker rand
Hospital group says half-year earnings driven by strong performance at local operations, while UK profit dented by higher proportion of National Health Service patients
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
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
Former Kebble firm ‘unlikely to use assets’
Randgold & Exploration has mineral assets on its books, including platinum and iron ore, but has few hopes of bringing them into production itself
Telecoms & Technology
Companies ‘struggling’ with data processing
Too many companies in South Africa are struggling to use information technology to benefit themselves
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
Media & Advertising
Seardel, HCI retract transaction notice
Hosken Consolidated Investments and Seardel cancelled deal that was to create new media platform
Telecoms & Technology
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
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
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
National
Report calls for listing of some state companies
Call for greater mix of debt and equity finance surprises analysts
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
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
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
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
Retail & Consumer
Nando’s hots up as competition bites
Slowly but surely, the peri-peri chicken chain is pecking its way to international success
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
JSE Sens
- FIRSTRAND BANK LIMITED - New Instrument Listing - FRC174
- GFI: GOLD FIELDS LIMITED - Voluntary announcement - Dealings in securities by prescribed officer
- GFI: GOLD FIELDS LIMITED - Dealings in securities by a director of a major subsidiary
- OAS: OASIS CRESCENT PROPERTY FUND - Notification to Unitholders of the Fund
- FFA: FORTRESS INCOME FUND LIMITED - Acceptance of Linked Units in terms of the Fortress Unit Purchase Trust
- MML: METMAR LIMITED - Cautionary announcement
- BEG: BEIGE HOLDINGS LIMITED - Appointment of Interim Financial Director, Change in Directors' Status and Resignation of Director
- EXX: EXXARO RESOURCES LIMITED - Acceptance of conditional awards granted in terms of the Long Term Incentive Plan (LTIP)
- WHL: WOOLWORTHS HOLDINGS LIMITED - Disclosure of significant holding of Woolworths Holdings ordinary shares
- BWI: B&W INSTRUMENTATION & ELECTRICAL LD - Order Book Update
- INVESTEC BANK LIMITED - Investec Bank Limited Credit Linked Note - IVC014
- RLO: REUNERT LIMITED - Appointment Of New Member Of Social And Ethics Committee
- RBW: RAINBOW CHICKEN LIMITED - Dealings in securities by a director of a major subsidiary
- CMA: COMMAND HOLDINGS LIMITED - Results of the general meeting
- ABL: AFRICAN BANK INVESTMENTS LIMITED - Dealing in securities by a director
| All Share | 41815.36 | 1.79% | up |
| Top 40 | 37302.58 | 2.07% | up |
| Financial 15 | 12000.90 | 1.42% | up |
| Industrial 25 | 47656.81 | 1.47% | up |
| Resource 10 | 47000.85 | 3.42% | up |
Data supplied by I-Net Bridge
| FTSE 100 | 6803.87 | 0.00% | same |
| Dow Jones | 15387.58 | 0.00% | same |
| All Share | 41815.36 | 1.79% | up |
| ASX | 5154.40 | -0.03% | down |
| S&P 500 | 1669.160 | 0.17% | up |
Data supplied by I-Net Bridge
| USD/ZAR | 9.5775 | 0.32% | up |
| GBP/ZAR | 14.5164 | 0.34% | up |
| EUR/ZAR | 12.3784 | 0.40% | up |
| JPY/ZAR | 0.0934 | 0.25% | up |
| AUD/ZAR | 9.3744 | 0.10% | up |
Data supplied by I-Net Bridge
| Gold | 1380.4550 | 0.48% | up |
| Platinum | 1468.5000 | 0.79% | up |
| Silver | 22.6425 | 0.86% | up |
| Palladium | 747.5000 | 1.01% | up |
| Brent Crude Oil | 103.560 | -0.34% | down |
Data supplied by I-Net Bridge
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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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Login or Register.Change: 1.79%
Change: 2.07%
Change: 1.42%
Change: 1.47%
Change: 3.42%
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Change: 0.00%
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Change: 0.07%
Change: 0.17%
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Change: 0.32%
Change: 0.32%
Change: 0.39%
Change: 0.21%
Change: 0.08%
Data supplied by I-Net Bridge
Change: 0.45%
Change: 0.79%
Change: 0.66%
Change: 1.01%
Change: -0.34%
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