• Thursday, October 02 2014
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Picture: RUSSELL ROBERTS

Nedbank to acquire 20% shareholding in Ecobank

50 minute(s) ago

The move, which was largely expected by market, will help local bank to catch up with rivals in Africa as Ecobank is present in 36 countries

Companies

OneLogix enters share participation scheme with employees

Picture: THINKSTOCK
3 hour(s) ago

Logistics, transport group says scheme is part of drive to improve compliance with new black economic empowerment codes

Mining

Amplats ‘struggling to make headway’ in direct sales plan

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES
8 hour(s) ago

Less than a year after tearing up a $57m annual supply contract with its main buyer, Amplats struggles to implement a new strategy of selling directly to end users

Energy

Eskom asks Waterberg Coal to add 10 years to planned supply deal

Picture: THINKSTOCK
8 hour(s) ago

Eskom asks developing coal miner Waterberg Coal to lengthen the supply agreement they are discussing to 40 years, underscoring its eagerness to source more coal

Industrials

Poynting posts loss after Aucom purchase

8 hour(s) ago

Antenna manufacturer Poynting reports accounting loss of R107m for the year ended June from a profit of R7m the previous year. Its results initially sent its share price down 5%

Science & Environment

Experts highlight cracks in mine closure model

Picture: THE TIMES
7 hour(s) ago

Mining companies operating in SA can use laws governing the sector to bypass their environmental responsibilities and undermine the closure model

Mining

Village Main Reef takes hit after operating profit fall

Mine worker.  Picture: EPA
7 hour(s) ago

The company, which has aspirations of transforming itself into a resource investment holding company, says it will consider selling more of its assets, including the company itself

Telecoms & Technology

Cell C plans to fight Icasa’s rates

Picture: THINKSTOCK
1 day(s) ago

Cell C plans to take legal action against the communications regulator in a bid to reverse the new termination rates

Mining

CoAL pushes back restarting Vele plant

Coal of Africa CEO David Brown. Picture: ROBERT TSHABALALA
1 day(s) ago

CEO David Brown says the cost of the plant modifications has reduced to $25m from $43m as Vele will produce two products, thermal and semi-soft coking coal, instead of three

Picture: FINANCIAL MAIL

SA’s post-1994 miracle now ‘under threat’

Concern percolates over SA’s stunted growth as union activism, unemployment and political uncertainty sap business and consumer confidence

Property

Redefine takes ‘strategic’ stake in Emira fund

Redefine Properties' head office in Rosebank, Johannesburg.
8 hour(s) ago

Redefine Properties buys 11% ‘strategic’ stake in Emira Property Fund, and plans to increase its holding in a company it sees as a potential takeover target

Companies

COMPANY COMMENT: Capitec, Redefine Properties

Picture: SUNDAY TIMES
13 hour(s) ago

Capitec surprises market watchers

Opinion

COMPANY COMMENT: Evraz Highveld Steel; Bowler Metcalf

Picture: THINKSTOCK

Evraz reflects weak global economy, while there is some interesting number crunching to be done over Bowler Metcalf’s ‘smerger’

Opinion

Branson’s big holiday offer will benefit Virgin more than staff

New unlimited leave policy Richard Branson offers is not as rosy as it sounds, writes Lucy Kellaway

Trade & Industry

York Timber’s year earnings halve

Picture: THINKSTOCK
1 day(s) ago

York accepts market conditions are difficult but company positions itself to perform better in the next financial year, says CEO


International companies


Europe

Sainsbury’s stock falls to six-year low

Sainsbury’s is the UK’s third-biggest grocer. Picture: REUTERS
7 hour(s) ago

The British grocer cuts annual sales forecast, saying it will review its dividend as part of a wider examination of the business

Americas

Bonds still reeling from Pimco shock

DEFIANCE JANUS-FACED: Bill Gross, co-founder and former joint chief investment officer of Pacific Investment Management Company, speaks at the Morningstar Investment Conference in Chicago, Illinois, earlier this year. Picture: REUTERS
7 hour(s) ago

Bill Gross’s surprise departure from Pimco sparks selloffs in some of his biggest wagers, such as inflation-protected US government bonds

Europe

Banks eye losses on Spain’s motorways

Picture: THINKSTOCK
7 hour(s) ago

Foreign banks drag out a €2.3bn rescue plan for bankrupt Spanish motorways, seeking better terms to recoup more of the money they lent the nine toll road companies

Picture: BUSINESS DAY

UK lender Wonga writes off debt for 330,000 customers

Short-term lender, which operates in SA, is writing off debt worth about £220m, after being forced to overhaul lending practices by Britain’s financial regulator

Europe

Rocket Internet shares slide on debut

Oliver Samwer, CEO of German venture capital group Rocket Internet, walks past the German DAX index board during the initial public offering at the Frankfurt stock exchange on Thursday.  Picture: REUTERS
2 hour(s) ago

Global e-commerce investor plunges within minutes of making its stock market debut in Frankfurt as investors give it lukewarm reception

Attacq CEO Morné Wilken. Picture: ARNOLD PRONTO

Higher profit justifies Attacq listing

Developer announces a 24% increase in net asset value per share for the year ending June 30

Financial Services

Blue Financial Services takes steps towards having suspension lifted

Blue Financial Services CEO Johan Meiring. Picture: FINANCIAL MAIL
1 day(s) ago

Company bids to speed up conclusion of delayed financial results

Mining

Amplats financial director Nqwababa resigns to join Sasol

Bongani Nqwababa. Picture: MARTIN RHODES
2 day(s) ago

Bongani Nqwababa, whose resignation takes effect from March next year, will join Sasol as new chief financial officer and executive director

Financial Services

Capitec targets credit card, insurance market entry

Capitec CEO Gerrie Fourie
2 day(s) ago

Bank always looking for opportunities to diversify its business but is not exploring secured credit

Companies

No smooth sailing yet for new CIPC website, online systems

Picture: THINKSTOCK
2 day(s) ago

Launch of new Companies and Intellectual Property Commission website and online transactions services has not been without glitches

Property

Attacq grows net asset value per share 24% in first year on JSE

Attacq CEO Morné Wilken. Picture: ARNOLD PRONTO
2 day(s) ago

CEO says group benefited from diverse investment portfolio, which includes stake in Europe-focused MAS Real Estate and indirect stake in African Land

Mining

CoAL poised to ‘exploit resource base’

Coal of Africa chairman David Brown. Picture: FINANCIAL MAIL
2 day(s) ago

Coal of Africa says during past financial year company has made great progress in resolving legacy issues that prevented it from creating value

Telecoms & Technology

Vodacom voices concern at Icasa’s new rate

Picture: MARTIN RHODES
2 day(s) ago

Mobile phone network operator says it’s concerned about mobile termination rates published by the Icasa, which unfairly favours ‘certain companies’

BusinessDay

Accéntuate remains upbeat as strikes hit performance

Accentuate CEO Fred Platt.  Picture: FINANCIAL MAIL
2 day(s) ago

Results send infrastructure supplies group share price down 12.28%, or 7c, to 50c

Healthcare

Advanced Health plans three hospitals a year

Picture: THINKSTOCK
2 day(s) ago

Recently listed private healthcare company hoping to have 20 day hospitals in SA in the medium term

Healthcare

Ascendis clinches R1bn debt refinance package

Ascendis CEO Karsten Wellner. Picture: TREVOR SAMSON
2 day(s) ago

Acquisitive healthcare conglomerate confirms long-awaited R1bn debt refinance and growth-funding package

Telecoms & Technology

DigiCore’s diluted headline earnings per share slip

server technology Picture: THINKSTOCK
2 day(s) ago

No final dividend as board keeps cash for future growth

Industrials

Bullish Astrapak approaches end of restructuring process

Picture: THINKSTOCK
2 day(s) ago

Costs to rationalise the business have been offset by sale of properties and other assets

Industrials

Evraz reports first-half net loss of R302m as steel sales fall

Picture: THINKSTOCK
3 day(s) ago

Evraz Highveld Steel and Vanadium reports net loss of R302m for six months ended June 30 2014 from loss of R10m at same time a year ago

Business Times

AngloGold unfazed by flop, says Pityana

Sipho Pityana. Picture: ROBERT TSHABALALA
4 day(s) ago

Chair spins shareholders' rejection of proposed split as positive feedback and a vindication of leadership

Industrials

GE eyes expansion of healthcare and energy operations in SA

BID: A worker attaches cables to a turbine unit during assembly inside the GE Power and Water plant, operated by General Electric in Veresegyház, Hungary. Picture: BLOOMBERG
3 day(s) ago

While GE’s other business units include mining, water, and oil and gas products, its biggest focus in SA is transport

Mining

Perfect storm forming around beleaguered platinum miner Lonmin

A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERS
6 day(s) ago

Lonmin is reviewing its business after a five-month strike that shut its mines in the first half of this year

Europe

Doors open as Antwerp Diamond Bank closes

Picture: THINKSTOCK
6 day(s) ago

De Beers says plans to wind down Antwerp Diamond Bank will create opportunities for other lenders in the $15bn gem-finance market

Europe

Lloyds Bank sells further 11.5% stake in TSB

Picture: CHRIS RATCLIFFE
6 day(s) ago

Demand for the shares outstripped number available several times over, enabling Lloyds to sell the shares to mainly long-term investors

Healthcare

Swiss firm buys SA community chemists

Picture: THINKSTOCK
6 day(s) ago

Shogun Holdings und Finanz has acquired a majority stake in Alpha Pharm, a group of about 900 independent pharmacies

Opinion

It's square, but the suits should like it

There's no question people will find the phone weird at first, writes Arthur Goldstuck, but all it needs is niche acceptance to be a success

Transport & Tourism

SA Express, SAA fail as ‘going concerns’

A South African Airways Airbus A320. Picture: SAA
1 day(s) ago

Two of the state’s airlines are so financially stricken that they cannot meet the criteria of a going concern unless they get more financial support from the government

National

Manuel joins board of Rothschild

Trevor Manuel. Picture: MARTIN RHODES
1 day(s) ago

The appointment of Trevor Manuel as deputy chairman raises questions on whether Rothschild in SA is creating a succession plan as chairman Wiseman Nkuhlu is now a septuagenarian

Telecoms & Technology

Gijima plans to raise R100m

Picture: THINKSTOCK
1 day(s) ago

About 60% of the money will be used for working capital, and 40% towards capital expenditure

Companies

Transnet, BHP Billiton sign R24bn coal train deal

Transnet's new locomotives Picture: SUNDAY TIMES
1 day(s) ago

State logistics company says it has signed deal with global mining group BHP Billiton to provide trains to bring coal to coast for export

Opinion

Cell giants own a cow, others enjoy the cream

The thinking by large mobile operators that expansion, with cost cutting and efficiency programmes, will continue to generate large profits may be expecting too much, writes Duncan McLeod

Opinion

Class-action storm brewing on the horizon

Picture: FINANCIAL MAIL

With murmurs of a class action being launched over African Bank, it seems the mechanism is increasingly considered to obtain recourse for aggrieved consumers, writes Lerato Zikalala

Industrials

Bowler Metcalf increases diluted headline earnings per share 11%

Bowler Metcalf CEO Friedel Sass. Picture: FINANCIAL MAIL
2 day(s) ago

The plastics packaging specialist says the results were good in a year of mixed fortunes

Financial Services

Investors face a long wait for Abil resolution

Picture: MICHAEL ETTERSHANK
3 day(s) ago

Update issued on African Bank says senior unsecured debt holders, subordinated debt holders should form committees to work with curator

Media & Advertising

Blackstar slashes debt to R77.6m

Times Media Group. Picture: MARTIN RHODES
3 day(s) ago

Investment group says it raised funds from the cashflows of Robor, where it owns a 17.5% stake

Industrials

Gordhan set for fight over PPC leadership

Ketso Gordhan. Picture: ARNOLD PRONTO
3 day(s) ago

Ketso Gordhan, who resigned as CEO of PPC, is gearing up for a battle for his reinstatement, lining up a series of meetings this week with shareholders to build support

Mining

Exxaro plans R16bn Waterberg investment

Picture: THINKSTOCK
3 day(s) ago

Coal and iron-ore company Exxaro to raise exports and add higher-value products

Industrials

Bowler Metcalf to merge soft-drink bottlers

Bowler Metcalf CEO Friedel Sass. Picture: FINANCIAL MAIL
3 day(s) ago

After months of rumour-mongering, company confirms it will pour Quality Beverages, maker of Jive brand, into new and bigger offering

Industrials

Aveng to sell SA property to raise cash

Picture: BUSINESS DAY
3 day(s) ago

Construction and engineering firm will raise R1.4bn through sale of New Zealand-based Electrix business, and also intends selling majority of its SA property portfolio

Business Times

Nuclear deal with Russia 'not only up to Zuma', says Sipho Pityana

Picture: THINKSTOCK
4 day(s) ago

There is no need to panic about a secret nuclear energy deal President Jacob Zuma may or may not have signed with the Russians, says AngloGold Ashanti chairman

Business Times

Boycott a 'buycott' for Dis-Chem

Ivan Saltzman. Picture: RUSSELL ROBERTS
4 day(s) ago

CEO of Dis-Chem says campaign to stop retailers selling products from Israel has been unsuccessful and has instead boosted sales

Business Times

Altron's shares take a beating

Picture: THINKSTOCK
4 day(s) ago

Investors dump Altron shares after disappointing trading update for six months to August dashed hopes of higher full-year earnings

Media & Advertising

Analyst expects more cuts at TMG

Times Media Group and Blackstar director Andrew Bonamour. Picture: SOWETAN/SUNDAY WORLD
6 day(s) ago

AlphaWealth fund manager Keith Mclachlan says Times Media Group’s results to end-June look reasonable but revenue is disappointing

Mining

Rockwell may look at old diamond deposits

Rockwell Diamonds CEO James Campbell. Picture: FINANCIAL MAIL
6 day(s) ago

Rockwell Diamonds CEO says a number of older, mothballed diamond deposits could be revisited if rough diamond prices increase

Retail & Consumer

Lewis’s debtors’ book outperforms peers

Picture: THINKSTOCK
6 day(s) ago

Lewis Group’s liquidity has strengthened over the past year due to the initiation of its listed debt programme

Financial Services

Pimco co-operating with SEC probe of fund’s asset pricing

Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO). Picture: REUTERS/JIM YOUNG
7 day(s) ago

The probe is the latest hurdle for the company that is dealing with record redemptions at its main mutual fund and negative publicity following the departure of its former CEO

Energy

Rosatom announces SA nuclear power deal

Picture: THINKSTOCK
9 day(s) ago

Rosatom says agreement had been signed in Vienna with Tina Joemat-Pettersson for large-scale nuclear power plant development in SA, amid scepticism as Zuma stays silent

 
All data is delayed by 15 min.
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Standard Bank
 
FTSE 100 6446.39-1.69% down
Dow Jones 16728.89-0.45% down
All Share 48189.06-1.40% down
ASX 5298.500.00% same
S&P 500 1930.480-0.81% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 11.2058-0.49% down
GBP/ZAR 18.0698-0.82% down
EUR/ZAR 14.1867-0.14% down
JPY/ZAR 0.10360.37% up
AUD/ZAR 9.84440.12% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1215.89500.25% up
Platinum 1270.0000-0.49% down
Silver 17.0410-0.73% down
Palladium 770.5000-0.58% down
Brent Crude Oil 92.630-1.62% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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Attacq Attacq finals
  • All Share : 48189.06
    Change: -1.40%
    Top 40 : 42956.68
    Change: -1.66%
    Financial 15 : 13973.33
    Change: -1.45%
    Industrial 25 : 57046.58
    Change: -1.37%
    Resource 10 : 50641.24
    Change: -2.08%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6446.39
    Change: -1.69%
    Dow Jones : 16728.89
    Change: -0.45%
    Hang Seng : 22932.98
    Change: 0.00%
    ASX : 5298.50
    Change: 0.00%
    S&P 500 : 1930.480
    Change: -0.81%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.2058
    Change: -0.49%
    ZAR/GBP : 18.0698
    Change: -0.82%
    ZAR/EUR : 14.1867
    Change: -0.14%
    ZAR/JPY : 0.1036
    Change: 0.37%
    ZAR/AUD : 9.8444
    Change: 0.12%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1215.8950
    Change: 0.25%
    Platinum : 1270.0000
    Change: -0.49%
    Silver : 17.0410
    Change: -0.73%
    Palladium : 770.5000
    Change: -0.58%
    Brent Crude Oil : 92.630
    Change: -1.62%
    All data is delayed by 15 min
    Data supplied by INET BFA
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