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
Financial Services
Abil stock plunges again on results
African Bank Investments plumbs fresh eight-year low as earnings fall and dividend is slashed, adding to sharp drop earlier this month on profit warning
Healthcare
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 sector
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
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
Media & Advertising
E.tv deal ‘to give Seardel to 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
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
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
Telecoms & Technology
Companies ‘struggling’ with data processing
Too many companies in South Africa are struggling to use information technology to benefit themselves
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
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 customersOpinion
Commercial prosecution in collapse
Stuart Theobald
Brown uses the court system to frustrate curators of Fidentia, while his juniors get jail sentences for helping the state, writes Stuart Theobald
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
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
Media & Advertising
Seardel, HCI retract transaction notice
Hosken Consolidated Investments and Seardel cancelled deal that was to create new media platform
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
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
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
International companies
Wells Fargo peaks on home sales rebound
US home lender and bank closes at record high as strength in economy and housing markets spur buyersEurope
Drug maker Elan looks to deals as defence
Irish drug firm announces second large pharmaceutical deal inside a week
Europe
Miner ENRC rejects $4.8bn bid to go private
Metals producer being investigated by UK’s Serious Fraud Office rejects bid to take the company private
Americas
JPMorgan investors to decide Jamie Dimon’s future
Group of investors has demanded independent chairman to safeguard firm from possible future scandals
Multimedia
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 GroupRetail & Consumer
Pioneer’s earnings dip as margins squeezed
Revenue rises by 11% to R10.2bn in half-year to March, but constrained consumer spending meant group could not pass cost increases on to consumers
Industrials
Barloworld headline earnings up 31%
Industrial group grows half-year revenue by 11%, with CEO Clive Thompson praising ‘strong’ financial performance, especially from new acquisitions
Business
Gym chains move up, down and into Africa
The gym business is largely recession-proof in South Africa — and now the country’s two big chains are taking aim at lower-income groups
Financial Services
Abil witnesses 26% drop in headline earnings
Fall follows leading unsecured lender’s risk reduction measures intended to strengthen the quality of the loan book and sustain profitable growth
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
Mining
Protech Khutele returns to profit in full year
Mining services and equipment leasing group, subject of hostile takeover by Eqstra, says market conditions remain unchanged but turnaround is on track
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
Transport & Tourism
Redefine, BDL merge to form ‘largest hotel management group’ in UK
Move combines financial strength and operational experience of Redefine Hotels with management and development expertise of BDL
JSE Sens
- MMH: MIRANDA MINERAL HOLDINGS LIMITED - Trading Statement
- EMIRA PROPERTY FUND - Interest Rate Reset - EPF001
- PNC: PINNACLE TECHNOLOGY HOLDINGS LTD - Acquisition announcment
- EMIRA PROPERTY FUND - Full Capital Redemption - EPFC04
- AFP: ALEXANDER FORBES PREF SHARE INV LTD - Alexander Forbes Equity Holdings Proprietary Limited receives expressions of interest in Guardrisk
- VKE: VUKILE PROPERTY FUND LIMITED - Announcement - 60 Day Rule Extension
- PWK: PICK N PAY HOLDINGS LIMITED - No Change Statement and notice of AGM
- PIK: PICK N PAY STORES LIMITED - No Change Statement and notice of AGM
- PSG: PSG FINANCIAL SERVICES LIMITED - No change statement and notice of meetings
- CIL: CONSOLIDATED INFRASTRUCTURE GRP LTD - Dealings in securities by an associate of a director of Consolidated
- ZED: ZEDER INVESTMENTS LIMITED - No change statement and notice of annual general meeting
- LBH: LIBERTY HOLDINGS LIMITED - Change in Directorate
- ZED: ZEDER INVESTMENTS LIMITED - CVH Disposal, Management Agreement Amendment, posting of circular and notice of general meeting
- SOL: SASOL LIMITED - Dealings in securities by an "associate" of a director of a major subsidiary of the Company
- SSK: STEFANUTTI STOCKS HOLDINGS LTD - Change to the Board
| All Share | 41079.55 | -0.81% | down |
| Top 40 | 36545.18 | -0.62% | down |
| Financial 15 | 11832.90 | -2.18% | down |
| Industrial 25 | 46966.65 | -0.43% | down |
| Resource 10 | 45445.86 | -0.26% | down |
Data supplied by I-Net Bridge
| FTSE 100 | 6755.63 | 0.48% | up |
| Dow Jones | 15335.28 | -0.12% | down |
| All Share | 41079.55 | -0.81% | down |
| ASX | 5185.40 | 0.00% | same |
| S&P 500 | 1666.290 | -0.07% | down |
Data supplied by I-Net Bridge
| USD/ZAR | 9.4428 | 0.45% | up |
| GBP/ZAR | 14.4070 | 1.29% | up |
| EUR/ZAR | 12.1665 | 0.87% | up |
| JPY/ZAR | 0.0923 | 1.02% | up |
| AUD/ZAR | 9.2606 | 1.09% | up |
Data supplied by I-Net Bridge
| Gold | 1394.6350 | 3.81% | up |
| Platinum | 1494.5000 | 4.58% | up |
| Silver | 22.9250 | 8.89% | up |
| Palladium | 749.5000 | 2.11% | up |
| Brent Crude Oil | 104.790 | -0.01% | 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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Change: -0.62%
Change: -2.18%
Change: -0.43%
Change: -0.26%
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Change: 0.48%
Change: -0.12%
Change: 0.00%
Change: 0.00%
Change: -0.07%
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Change: 0.45%
Change: 1.29%
Change: 0.87%
Change: 1.02%
Change: 1.09%
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Change: 3.81%
Change: 4.58%
Change: 8.89%
Change: 2.11%
Change: -0.01%
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