Alexander Forbes plans are paying off
CEO upbeat on three-year-old turnaround strategic review
Retail & Consumer
Famous Brands proves way to consumers’ hearts is through stomach
Despite tough economic climate and rivals feeling pinch, Famous Brands forges ahead with 16.8% overall franchise sale increase for quarter March to May
Financial Services
Strate seeks clarity on new securities requirements
Under pressure to continue supplying shareholder information, SA’s central securities depositary requests guidelines on interpretation of new legislative requirements
Financial Services
Push to keep asset management fees low
Treasury report on costs will finalise the retirement reform process, writes Evan Pickworth
Property
Growthpoint’s ‘green’ office block in Midrand ready for occupation
New building is kept bright by daylight harvesting and daylight sensors as well as energy-efficient lighting, among other green features
Property
Tower Property Fund aims to rise above rest with listing
Tower Property Fund aims to be first new property listing under JSE’s recently launched real estate investment trust structure
Retail & Consumer
National Empowerment Fund sweet on KwaZulu-Natal ice-cream business
National Empowerment Fund invests R15m in KwaZulu-Natal-based Sticks and Licks to expand ice-cream distribution business
Top mine bosses take pay cuts after failed deals
Largest mining companies traded in London cut pay for their CEOs by an average 23% last yearBusiness
State companies may have to use pension funds to fund investment, says Gigaba
Public Enterprises Minister Malusi Gigaba says state-owned companies need new ‘resource mobilisation’ strategies as ‘funding from financial markets has shrunk’
Financial Services
Assupol shares to trade on over-the-counter market
Insurer will now trade shares on the over-the-counter market at a price of about R2.50 per share
Mining
Jubilee takeover of Platinum Australia to proceed
Jubilee Platinum takeover of Platinum Australia is back on track after dispute with JIC Mining Services comes to an end
Financial Services
Insurance firms’ rally ‘boosted by equity markets’
Share prices of SA’s four major insurers increase as JSE all share index climbs over 1%
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
Raytheon seeks new markets for armaments
World’s largest missile maker turning to exports of products to prop up revenue as US curbs defence spending
Europe
Banks rush in to offer record loan to Glencore Xstrata
World’s biggest publicly traded commodity supplier signs $17.3bn of revolving credit facilities, as the 80 banks backing the deal count on winning more business from the company
Europe
H&M posts drop in second-quarter earnings
Fashion retailer enters third quarter with higher inventories than planned after bad weather and sluggish consumer morale in Europe knock profit
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
New leader in Iran may offer respite to MTN, Sasol
Investments in the country by the two South African multinationals have been hurt by damaging western sanctionsHealthcare
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
Mining
Rockwell CEO says company has turned the corner
Rockwell Diamonds poised to be a different company in as new mine comes into production and it shows profit for the first time at its Tirisano asset
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
Financial Services
Alexander Forbes ‘on right strategic path’
Rise in profit and performance of retail client segment confirms company is making the ‘correct strategic choices’, says CE Edward Kieswetter
Retail & Consumer
Foodcorp finds no debt buyers in takeover offering
South African food company fails to attract single valid offer to redeem remaining euro-denominated debt to meet terms of a takeover
Telecoms & Technology
‘Integrated strategy’ neglects Telkom Mobile
Analysts have previously voiced concerns about mobile unit’s viability, writes Thabiso Mochiko
Property
Acucap-Sycom merger ‘would make sense’
Analyst says potential merger of Acucap Properties and Sycom Property Fund ‘makes commercial sense’
Europe
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
Retail & Consumer
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 market
Retail & Consumer
Iliad pins hopes for higher profits on rebranding exercise
Building materials retailer Iliad Africa believes rebranding itself will give impetus to its quest for stronger profits
Financial Services
Standard regains lead in banking market
The battle is not over with rival FirstRand nipping at lender’s heels, writes Maarten Mittner
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
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
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
JSE Sens
- GRF: GROUP FIVE LIMITED - Dealing in securities by a director of a major subsidiary
- ELR: ELB GROUP LIMITED - Dealing in securities by a director
- TRU: TRUWORTHS INTERNATIONAL LIMITED - Notice of an acquisition of a beneficial interest in Truworths securities
- GDN: GOODERSON LEISURE CORPORATION LTD - Director`S Dealing In Securities By Executive Director
- NGPLT: NEW GOLD ISSUER LIMITED - Listing of additional NewGold debentures
- CMP: CIPLA MEDPRO SOUTH AFRICA LIMITED - Update on fulfilment of conditions precedent relating to the scheme and appointments of joint acting CEO´s
- EHS: EVRAZ HIGHVELD STEEL & VANADIUM LTD - Renewal of Existing Cautionary Announcement
- BTI: BRITISH AMERICAN TOBACCO PLC - Transaction in own shares
- ABL: AFRICAN BANK LIMITED - African Bank issues R1 billion of senior unsecured bonds
- CSP: CHEMICAL SPECIALITIES LIMITED - Condensed consolidated audited results 2013
- AFRICAN BANK LIMITED - New Instrument Listing - ABL17
- ATL: ATLATSA RESOURCES CORPORATION - Confirmation of record date for 28 June 2013, shareholders meetings
- GIYANI GOLD CORPORATION - Abridged Pre-Listing Statement
- JSE LIMITED - Index Change Advice - 20130624 Amalgamated Appliance Holdings Deletion
- DTC: DATATEC LIMITED - Transfer of shares from treasury
| All Share | 40043.19 | -1.82% | down |
| Top 40 | 35718.43 | -1.85% | down |
| Financial 15 | 10918.97 | -1.78% | down |
| Industrial 25 | 45943.84 | -1.95% | down |
| Resource 10 | 45714.01 | -1.79% | down |
Data supplied by I-Net Bridge
| FTSE 100 | 6225.19 | -1.95% | down |
| Dow Jones | 15112.19 | 0.00% | same |
| All Share | 40093.52 | -1.69% | down |
| ASX | 4743.90 | -2.02% | down |
| S&P 500 | 1628.930 | 0.00% | same |
Data supplied by I-Net Bridge
| USD/ZAR | 10.2889 | 1.01% | up |
| GBP/ZAR | 15.9024 | 0.85% | up |
| EUR/ZAR | 13.5748 | 0.29% | up |
| JPY/ZAR | 0.1048 | -0.56% | down |
| AUD/ZAR | 9.4477 | -0.02% | down |
Data supplied by I-Net Bridge
| Gold | 1311.7000 | -2.36% | down |
| Platinum | 1402.5000 | -0.39% | down |
| Silver | 20.3179 | -4.20% | down |
| Palladium | 684.5000 | -0.65% | down |
| Brent Crude Oil | 104.370 | -1.65% | down |
Data supplied by I-Net Bridge
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In depth: Budget 2013
Top 100 Companies 2012
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| Alexander Forbes | Alexander Forbes Preference Share Investments finals
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