Market News

Market News (INET BFA)

Small business owners shut down civil engineering project in Uitenhage

A group of small business owners demanded that workers on an erosion control project in Uitenhage rip up the work they had done and go home. Photo: Thamsanqa Mbovane There was chaos at a river bank behind busy Ponana Tini Road in KwaNobuhle, Uitenhag...

ITAC Investigates Country Hopping on Clear Float Glass

...fs had been received: • Rebate of customs duty on: sodium hydroxide (caustic soda), in aqueous solution - submitted by SAPPI Southern Africa (Pty) Ltd T/A SAPPI Tugela Mill as local manufacturers of caustic soda cannot meet domestic demand. Represe...

South32 closes door on its SA coal business

JOHANNESBURG South32 has closed the door on its South African lossmaking local coal business that impaired $504million (R7.68billion) in the year ended in June announcing Seriti Resources as the preferred bidder for the assets.South32 said it had entered...

South African Markets - Factors to watch on Aug. 23

...icators, debt and currency market moves and political events may affect South African markets on Friday. COMPANIES Northam Platinum will publish full-year results. Hulamin and Grindrod will publish half-year results. SOUTH AFRICAN MA...

Africa Top10 Business News

...Working Groups comprised of officials in the relevant departments have begun work on five of the indicators: starting a business, paying taxes, registering property, trading across borders, and dealing with construction permits. The president positioned t...

BUSINESS MAVERICK: Costs are dwarfing SA retail profits

... new store rollouts - which add to expenses. In a recent trading update for the six months to June 2019, Massmart said it expected to report headline earnings per share loss of about 245.5c. The company said this was as a result of lower sales growt...

Italtile defies difficult market

..., manufacturing sales for the period rose by a modest 1.4%. CEO Jan Potgieter. Image: Supplied Potgieter, who was CEO of Massmart’s Massdiscounters division for just over six years until 2013, became He says ’s good performance comes down to what it is d...

Construction worker critically injured in nine meter

...opter ambulance was activated to airlift the patient to hospital for further treatment. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911 In other news Zodwa Wabantu has a way to dissolve all the fat In her body - Watch Summer is ...

What do CMOs really want from their agency?

... their relationship with agencies is largely on the thought leadership front. Builders Superstore launched by Massmart Massmart launches a new format for the DIY market with its new format, Builders Superstore, which will service customers with homes si...

Mali unveils new mining code

AngloGold Ashanti among producers assessing the impact of the new mining code on its Mali operations

Should you ever buy shares?

Steinhoff, Tongaat, EOH So many companies have all but collapsed in the past 2 years, says personal finance expert Warren Ingram.

Another blow for Cell C as S&P downgrades its debt to ‘default'

...ntrol its capital expenditure and operating costs. Cell C's declining fortunes have hit its largest shareholder, JSE-listed Blue Label Telecoms, sending its shares to their lowest close since listing in November 2007. On Thursday they closed 7.43% down ...

Debt Act not a relief for everyone

The National Clothing Retail Federation - which includes retailers such as the Mr Price Group, Woolworths, The Foschini Group and the Edcon group - is not ruling out taking legal action over the recently signed National Credit Amendment Act. The Act, in...

MD's sudden exit is part of a shake-up at Omnia

...uite and an outside vision on the company, he said. Gobalsamy, a chartered accountant and former CEO of emerging markets for Liberty Holdings, has been finance director since March 2019. A relative newcomer at Omnia, Gobalsamy had previously been on the ...

The importance of letting companies (like SOEs) fail

...vate company and become a part owner. For example, the biggest (by market capitalisation) private company on the JSE is AB Inbev. You can buy a share for around R1,500 excluding broker fees and taxes. This is not true of any SOE - including SAX. It ...

Why we need to market SA as a business conference destination

...ourists bring. One visitor segment that is lucrative, and ideally suited to South Africa, is conferencing. The global business events industry is worth $1 trillion (R15.2 trillion) a year, and our country is uniquely positioned to increase our share o...

Cell C credit rating cut to D by S&P on missed interest payments

...ing to plan. The company, based in Johannesburg, is struggling to service an almost R9bn debt load. Though a stake stale to Blue Label Telecoms in 2017 helped it cut borrowings, the company is still struggling. In the meantime, it is working on creati...

Bid to clean Africa's most toxic town

... Day partner Richard Meeran. Leigh Day was involved in a previous class action against Anglo American and Anglo Gold Ashanti, which won compensation of R500-million for miners suffering from silicosis and silico-tuberculosis, both lung diseases related ...

Should you ever buy shares?

:35 PM Steinhoff, Tongaat, EOH So many companies have all but collapsed in the past 2 years, says personal finance expert Warren Ingram.

Mali unveils new mining code

...ting in the country including Barrick Gold, B2Gold and Hummingbird Resources had no immediate comment on the new code. AngloGold Ashanti is assessing the impact of the new mining code on its Mali operations, which make up less than 3% of the company’s pr...

Dividend bonanza from Exxaro despite weak coal sales

The resources group has benefited from increased income from its investments and selling down its Tronox stake. Exxaro is paying a special dividend after selling most of its stake in US titanium producer Tronox as it optimises its portfolio of assets. ...

Volatility in global markets supports stronger gold price

Pressures are mounting around the US interest rate. Retailers were struggling on the JSE on Thursday, with Mr Price having been hardest hit by a 13% drop in its share price, owing to lower volume sales. Dudu Ramela discusses the latest happenings on the l...

BUSINESS MAVERICK: Costs are dwarfing SA retail profits

...ill remain in that position until costs come down or volumes go up. The arithmetic is pretty simple: if you are running a business, the route to profitability is to ensure that you sell at a cost that is high enough to cover all your expenses. Simple? J...

South32 finds buyer for SA Energy Coal

The diversified mining group says selling its SA coal operations will strengthen its balance sheet and improve margins. South32 says it's entered exclusive talks with Seriti Resources for its South Africa Energy Coal Business (SAEC) as it divests of t...

Business News - 22 Aug 2019

Ramaphosa wants a discussion on prescribed assets, South32 confirms that Seriti is in line for its coal assets and Exxaro declares a special dividend.

Special dividend as Italtile turns 50

The tile maker and retailer said it ended the year with cash in excess of its requirements. Italtile has rewarded shareholders with an extra dividend payment after weathering a difficult trading environment. And to mark its 50th year of existence, it's...

GLOBAL MARKETS-Asian stocks shaky before Powell's speech as...

...s traders cling to Merkel's backstop comments * Better-than-expected European manufacturing PMIs are little help * Asian stock markets: https://tmsnrt.rs/2zpUAr4 By Tomo Uetake TOKYO, Aug 23 (Reuters) - Asian shares struggled to make any headway on Fri...

3 Bedroom House for Sale in Coniston Park

... 54 : "Cape Town - BingNews Time to Deliver: How Walmart Approaches Last-Mile Convenience Around the World: South Africa’s Massmart also uses a network of third-party and owned vehicles, including crowdsourced provider Wumdrop, which operates in 16 Mak...

Old Mutual fires Moyo, again

...media, including protected disclosures about board chairman Trevor Manuel's legal fees and a "triple conflict of interest" with Old Mutual plc and Rothschild. Manuel is non-executive deputy chairman and a senior adviser to Rothschild's SA unit, which help...

Aandele mening: Exxaro Resources

... BJM, Noah Financial Innovation en Standard Bank gewerk het as deel van die navorsingspan in die tesourie-afdeling van CIB. Exxaro Resources het in 2010 ’n bestendige bultendens van ’n laagtepunt van 4 345 sent per aandeel begin, maar nadat hy in April ...

Friday Briefing: SA's self-imposed economic crisis

... week that the country has not requested nor does it need a bail-out, the rumours persist. Reports suggest that investors like (Remgro chairman) Johann Rupert who has pushed the IMF line and business leaders like Mcebisi Jonas who has done the same may be...

UPDATE: Centurion rank ‘blueprint' for future developments - metro

...ge was speaking at the sod-turning ceremony at the new construction site on Wednesday afternoon. The rank is being developed by Redefine Properties, the owner of the nearby Centurion Mall in a public-private partnership with the metro. "We want the new ra...

Eskom could soon get new top coal supplier as South32 picks bidder

...ng the company the space to strike a deal without interference from other parties. Seriti was incorporated in 2017 and acquired Anglo American’s Eskom-tied coal mines which supply about 24-million tons or 20% of Eskom’s coal. BL Premium This article i...

Manuel breaks silence on Moyo

... its UK operations. Moyo said Manuel had a "triple conflict of interest as he was chair of Old Mutual Group SA, Old Mutual plc and Rothschild (a corporate advisory firm) when the insurer was in the throes of its separation from 2015 to 2018. Manuel sa...

Business News - 22 Aug 2019

Ramaphosa wants a discussion on prescribed assets, South32 confirms that Seriti is in line for its coal assets and Exxaro declares a special dividend.

ITALTILE LIMITED - SARB Approval of Special Dividend

ITE 201908230019A SARB Approval of Special Dividend ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 (‘Italtile’ or ‘the Company’) SARB APPROVAL OF SPECIAL DIVIDE...

Business blitz: Ndalo Nubian Hair

...ng hair and often used her grandmother as the perfect beauty canvass. No older than 10 years old, Sibisi showed promise as a business woman when she garnered in her first set of paying clients. After completing her high school studies, Sibisi was on...

Business Day TV: Stock picks — Wells Fargo and Zambezi Platinum

Drikus Combrinck from Capicraft and Gerbrand Smit from NeFG Fund Management talk to Drikus Combrinck from Capicraft chose Wells Fargo & Company as his stock pick of the day and Gerbrand Smit from NeFG Fund Management chose Zambezi Platinum. Combrinck...

Bitcoin price back above $10,000 as crypto markets flash green

...surge past $10,927 (Aug. 16 close) in the next couple of days, a double-bottom bullish breakout would be confirmed. Altcoin markets in the green The number two cryptocurrency by market cap, Ether (ETH) is up by 3.89% and changing hands at $193. Despit...

Wig entrepreneurs turns business into crowning glory

...f harsh chemical hair treatments set the wheels in motion for a Gugulethu woman to turn restoring her own crowning glory into a business that helps other women do the same. For Barbara Thandeki, 47, establishing her wig-making business has been a perso...

Climate risk lifting insurance premiums for coal mining company Exxaro

...IS ARTICLE FONT SIZE: -+ JOHANNESBURG (miningweekly.com) - Johannesburg Stock Exchange-listed coal-mining and energy company Exxaro Resources said on Thursday that it was experiencing higher insurance premiums in the renewal of its insurance policies. ...

Glencore, Trafigura pick up aluminium in Qingdao court auctions

BEIJING, Aug 23 (Reuters) - Commodity traders Glencore PLC and Trafigura have picked up a combined 70,479 tonnes of aluminium over the past week by winning online auctions of metal inventory dating back to China’s 2014 Qingdao warehousing scandal, accordi...

Is Blue Label Telecoms Headed for Delisting on the JSE?

N ot so long ago Blue Label Telecoms was one of the darlings of the JSE, with its share price showing no signs of slowing down. Blue Label Telecoms listed on the JSE in November 2007 at R6.75 a share and attracted global tech giant Microsoft as an inve...

BRIEF-NEPI Rockcastle HY HEPS Of 24.56 Euro Cents

Aug 23 (Reuters) - NEPI Rockcastle PLC NRPJ.J : * ACHIEVED 29.02 EUROCENTS IN DISTRIBUTABLE EARNINGS PER SHARE FOR FIRST HALF OF 2019, 9.6% HIGHER THAN LAST YEAR * DECLARES A DISTRIBUTION OF 29.02 EURO CENTS PER SHARE FOR HY * SEES DISTRIBUTABLE EARNING...

African Markets - Factors to watch on Aug. 23

...ng company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - GLOBAL MARKETS Asian shares struggled to make headway on Friday as uncertainty over how much fur...

WATCH: How Italtile made shareholders smile

Italtile CEO Jan Potgieter talks to about the group's full-year results Italtile has weathered a tough retail environment and delivered another consecutive year of growth. Trading profit was 18% higher, which boosted net cash on its books, and the group ...

Leroy Merlin ploughs over R1bn into SA business

If all goes according to plan, French home improvement retailer Leroy Merlin, which opened its first South African store in September last year, will have invested R1 billion into its SA operations by the start of 2020. The company is opening its second s...

Business Day TV: How asset sales boosted Exxaro

...coal operations are profitable, but equity investments and asset sales made large contributions. CEO Mxolisi Mgojo joined Business Day TV to talk about the company’s results....

Coveting your neighbour's big house can be a costly business

Your neighbour's sprawling home could be the cause of your deep-seated envy and dissatisfaction with your own humble abode. New research from Iowa State University in the US has found that people are more likely to be dissatisfied with their house if it...

GLENCORE PLC - GLN - Transactions in own shares 22 August 2019

Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 23 August 2019 Tr...

South32 to invest in infrastructure improvements

...R MEDIA REPORTER SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ JOHANNESBURG (miningweekly.com) - Diversified miner South32’s manganese production increased by 3% year-on-year to 5.5-million tonnes for the financial year ended June 30. In a t...

ITALTILE LIMITED - SARB Approval of Special Dividend

SARB Approval of Special Dividend ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 ("Italtile or "the Company) SARB APPROVAL OF SPECIAL DIVIDEND Shareholders are re...

UPDATE 1-Glencore, Trafigura pick up aluminium in Qingdao court auctions

... alumina inventories for sale on JD.com (Adds detail, background) By Tom Daly BEIJING, Aug 23 (Reuters) - Commodity traders Glencore PLC and Trafigura have picked up a combined 70,479 tonnes of aluminium over the past week by winning online auctions o...

Sesimpiwe makes it her business to achieve

Sesimpiwe Mbatha (18) will be flying the Msinga flag high abroad after receiving a bursary to study towards a degree in Business Science in America. As the country celebrates Women’s Month, Msinga Municipality Mayor, Buyisiwe Ngcobo, led a heart-warming ...

Nepi Rockcastle ‘on track' to meet full-year dividend guidance

Acquisitions and developments help property company lift distributable earnings in the first half to end-June Nepi Rockcastle, the most valuable landlord listed on the JSE, says it is on track to grow distributable earnings per share by 6% in the year end...

Cash taken during business robbery

A security guard was assaulted during a robbery on Market Street last Friday afternoon, says Springs police spokesperson Capt Johannes Ramphora. The victim says she was at work when she was approached by two men, one armed with a firearm, the other wit...

Business Day TV: How asset sales boosted Exxaro

Exxaro CEO Mxolisi Mgojo talks to about the company's interim results Diversified miner Exxaro reported a 42% jump in interim headline earnings per share (HEPS), despite the prices of coal and other commodities declining sharply over the period. Most of ...

Vox introduces hardware-as-a-service offering in boost to SA business

...able access to a wide variety of IT infrastructure - as well as the management thereof. "Despite an increasingly competitive business environment where every rand counts, many business owners are still buying technology-based equipment outright rather ...

Exxaro CEO Mxolisi Mgojo urges SA Govt to fast-track Eskom reform plan

By David McKay - August 22, 2019 Exxaro CEO, Mxolisi Mgojo and Minerals Council president. Pic: Martin Rhodes. EXXARO Resources CEO, Mxolisi Mgojo, called on the private sector to apply similar pressure on government that characterised the groundswell ...

Meet the POWER Business Boost finalists

We’re celebrating SA’s entrepreneurial spirit with POWER Business Boost . Being an entrepreneur takes passion and grit and entrepreneurship is not for the faint-hearted. POWER 98.7 has launched an exciting feature to help small to medium-sized busin...

South African Markets - Factors to watch on Aug. 23

...pany announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday. COMPANIES Northam Platinum NHMJ.J will publish full-year results. Hulamin HLMJ.J and Grindrod GNDJ.J will p...

GLENCORE PLC - GLN - Transactions in own shares 22 August 2019

GLN 201908230024A GLN - Transactions in own shares - 22 August 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00...

ZAMBEZI PLATINUM (RF) LIMITED - Release of annual report

ZPLP 201908230003A Release of annual report ZAMBEZI PLATINUM (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration number 2014/106927/06) JSE preference share code: ZPLP ISIN code: ZAE000202552 (‘Zambezi Platinum' or the ‘compan...

Separation of duties is essential in South African businesses

... crime is also starting to reach alarming proportions. This doesnt only encompass spectacular wellpublicised events such as the Steinhoff collapse (the result presumably of corporate manipulation and fraud on a massive scale) but also to smaller often cov...

EMERGING MARKETS-Currencies weaken before Powell speaks; yuan drops

...M00000CUS is on track for a fifth straight week of losses, amid worries about an escalation in U.S.-China trade war, U.S. bonds markets warning a recession is on the horizon and a slump in Argentina's markets. China's yuan CNY= fell for a seventh straight...

Exxaro (EXX) interim financial results for the period ending June 2019

We take a look at the latest interim year financial results for coal mining giant, Exxaro(JO:EXXJ) resources for the period ending June 2019. And good news for shareholders is the fact that Exxaro is paying a massive interim dividend as well as a big fat ...

Anglo American SA faces class-action lawsuit in Zambia

The miner faces allegations by Zambians ill with lead poisoning at the old Kabwe mine, but Anglo denies responsibility Anglo American SA faces a class-action lawsuit on behalf of communities made ill by lead poisoning at the defunct Kabwe mine in Zambia. ...

Professionalising franchising could weed out unscrupulous business owners

Franchising worldwide continues having a 90% success rate as opposed to 10% for those starting a business on their own and whilst the sector in South Africa contributes around R721 billion to the country's GDP, there are still many businesses masquerading...

BRIEF-Italtile Announces SARB Approval Of Special Dividend

Aug 23 (Reuters) - Italtile Ltd ITEJ.J : * JSE: ITE - SARB APPROVAL OF SPECIAL DIVIDEND * ITALTILE - REQUISITE SOUTH AFRICAN RESERVE BANK APPROVAL RECEIVED; SPECIAL DIVIDEND TO BE DISTRIBUTED AS PER TIMETABLE IN RESULTS ANNOUNCEMENT

World markets rise ahead of US Fed rate cut hopes

The dollar also rose as the markets overwhelmingly expect another rate cut to come out of the Jackson Hole symposium London - World stock markets and the dollar rose on Friday as investors looked to a speech by US Federal Reserve chair Jerome Powell for c...

Centurion rank ‘blueprint' for future developments - metro

... sod-turning ceremony at the new Centurion taxi rank construction site on Wednesday afternoon. The rank is being developed by Redefine Properties, the owner of the nearby Centurion Mall in a public-private partnership with the metro. "We want the new ...

Mr Price shares take a beating on weak trading update figures

...wing taking a cue from Mr Price. Truworths fell 3.41 percent to R51.60, while Woolworths eased 3.27percent lower to R51.75. The Foschini Group fell 2.63percent to R144.74, while Pepkor declined 1.41percent to R16.09. Statistics South Africa recentl...

GLENCORE PLC - GLN - Holding(s) in Company

GLN 201908230027A GLN - Holding(s) in Company Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switze...

Cell C Defaults on Interest Payments, Shares in Biggest Investor Tanks 7%

...ompleted prior to recapitalization, including the signature of a binding long-form agreement with MTN Group, possibly shareholder and regulatory approvals, and the restructuring of bilateral facilities, said S&P Ratings. "We lowered our issue ratin...

Northam Platinum FY profit soars

Higher metal prices, low costs and ‘solid’ performance helps miner. South Africa’s Northam Platinum said on Friday its annual profit soared, underpinned by a surge in metal prices, improved performance and low costs. Normalised headline earning per share...

Digital multimeter for improved measurements

...er offers an array of handy features that make the job of the electrical contractor easier. Electrical accessories supplier and Bidvest Group subsidiary Voltex has been appointed the exclusive distributor in South Africa. Issues electrical contractors fac...

JSE firms a little as markets await clarity on US monetary policy

...nd the DAX 30 0.55%. Naspers was up 0.78% to R3,456.46, tracking earlier gains in Hong Kong-listed Tencent. Diversified miner Glencore was up 1.22% to R42.99 and Anglo American 1.12% to R314.48. AngloGold Ashanti had lost 1.73% to R324 while Sibanye ga...

Oil price steadies as markets await Fed steer

...onomy or does he highlight the growing downside risks? Investors’ interpretation of Powell’s policy bias is set to sway markets," said FXTM market analyst Han Tan. Traders will comb through Powell's speech later on Friday at a meeting of glo...

Villagers at mercy of global mine

Jerry Kekana might see his dream home reduced to rubble if his community lose their court battle against mining giant Anglo American Platinum which wants at least 100 families to vacate tribal trust land at Mapela near Mokopane in Limpopo. Anglo, which...

JSE could open higher on Friday ahead of Fed chair speech

...rose 0.5% in Australia. A number of JSE-listed companies are expected to report financial results on Friday. Landlord Nepi Rockcastle is due to report half-year numbers, as is Grindrod. Grindrod has warned that total headline losses for the six months ...

EMERGING MARKETS-Currencies weaken before Powell speaks; yuan drops

...s is on track for a fifth straight week of losses, amid worries about an escalation in U.S.-China trade war, U.S. bonds markets warning a recession is on the horizon and a slump in Argentina’s markets. China’s yuan fell for a seventh straight session, e...

Cigarette firms pin hopes on rising demand for oral tobacco

...g and fashion-forward audience, the humble oral nicotine has undergone a makeover, in some cases removing tobacco altogether. British American Tobacco (BAT) is pushing a brand called Lyft - slender white pouches, infused with eucalyptus and pine tree fibr...

Unpacking the North Coast shopper at iLembe Business@Breakfast

What does the North Coast shopper look like? What, when and where do they shop? And what does this mean for your business? These questions and more will be answered on April 28 when Business Unit Director at TNS Research Surveys, Lynne Krog, brea...

Where will the yellow brick road lead?

...organ in a note following the gold firm’s interim results presentation in mid-August. "Therefore, we prefer close peer AngloGold, which has minimal hedging in place and has full exposure in the current gold price, it said. It is, though, a question o...

S.AFRICA'S OMNIA CEO RESIGNS, FINANCE DIRECTOR APPOINTED AS REPLACEMENT

...ed by the current group finance director. Seelan Gobalsamy, who has served in senior executive roles at institutions including Liberty Holdings, STANLIB Limited and Old Mutual, will assume the role of CEO with immediate effect. The company said de Lange...

Exxaro CEO Mxolisi Mgojo urges SA Govt to fast-track Eskom reform plan

By David McKay - August 22, 2019 Exxaro CEO, Mxolisi Mgojo and Minerals Council president. Pic: Martin Rhodes. EXXARO Resources CEO, Mxolisi Mgojo, called on the private sector to apply similar pressure on government that characterised the groundswell ...

Judicial inquiries have cost SA almost R300m - so far

...mmanuel Lediga. The commission heard startling evidence about investment decisions made by the state asset manager regarding AYO Technologies and Steinhoff. The 54.5m cost includes a request for additional funding of R40 211m during the adjustment budg...

Another blow for Cell C downgraded for poor debt profile

...has been lowered further to SD (selective default) from CCC.Cell Cs challenges have also not spared hit its largest shareholder Blue Label Telecoms knocking of R3 billion from the companys stock at the Johannesburg Stock Exchange.In a statement on Thursda...

Costs are dwarfing SA retail profits

...new store rollouts - which add to expenses. In a recent trading update for the six months to June 2019, Massmart said it expected to report headline earnings per share loss of about 245.5c. The company said this was as a result of lower sales growth -...

Northam reports record annual operating profit

... large capital expenditure hump, the company has set its sights on reducing its expensive exposure to Zambezi preference shares Northam Platinum reported its highest ever operating profit as its growth strategy took root and the company benefited from hig...

Cell C downgraded by S&P

...ny, based in Johannesburg, is struggling to service an almost 9 billion rand ($590 million) debt load. Though a stake sale to Blue Label Telecoms Ltd. in 2017 helped it cut borrowings, the company is still struggling. S&P reduced the rating from selec...

Five things making headlines in South Africa today

...ecial dividend of 897 cents per share for the period. Read: Exxaro buoyed by equity investments as core profit falls 3. Italtile reports a 7% increase in Heps Tile retailer Italtile, whose chains include CTM and Top T, is reporting a 7% increase in hea...

UPDATE 3-Oil prices steadies as markets await Fed steer

...e heard from Fed members earlier this week, we could see it supporting oil," said Michael McCarthy, chief market analyst at CMC Markets in Sydney. McCarthy also said Brent has good support at $60 a barrel on technical charts and may have some upside pote...

Tesla's solar business in trouble after fires at Walmart shops

...lmart, a lawyer for Tesla said the company had tried to resolve the matter amicably. "My client continues to prefer a business solution to this dispute, but Walmart’s conduct has put the parties on a collision course for litigation, the attorney for Tesla...

How to take over (or pass on) the family business

pexels.com, 2019 Taking over the family business - or passing it on - can pose numerous challenges. The Money Show ’s Bruce Whitfield interviewed small business expert Pavlo Phitidis, the founder of Aurik Business Accelerator. Phitidis advised bot...

Champagne socialist? Julius Malema slammed for flying business class

...t? The EFF leader, who flew into Cape Town ahead of Thursday’s session of Parliament, was pictured sat in the luxury of business class during a domestic flight. He was also accused of taking in a few sips of Moet, an opulent brand of champagne, after he...

Unintended consequences of low interest rates

...e fiscal risks posed by the stateowned enterprises and the increasing debt burden. Rob Price is the head of asset allocation at Alexander Forbes.PERSONAL FINANCE ...

Naspers to separate Tencent stake

A guide to Friday’s vote on the proposed spinoff. Naspers shareholders will gather in Cape Town on Friday to vote on the proposed spinoff and Amsterdam listing of the company’s international technology interests. Africa’s largest company by market value ...

Glencore, Trafigura buy metal in Qingdao court auctions

...tail on copper, other aluminium auctions) By Tom Daly BEIJING, Aug 23 (Reuters) - Commodity traders Glencore PLC and Trafigura have picked up a combined 70,479 tonnes of aluminium over the past week by winning online auctions o...

PPC LIMITED - Dealing in Securities by an Associate of a Director

Dealing in Securities by an Associate of a Director PPC Ltd (Incorporated in the Republic of South Africa) Company registration number: 1892/000667/06 JSE / ZSE code: PPC JSE ISIN: ZAE 000170049 JSE code: PPC003 JSE ISIN: ZAG000117524 ("PPC or "Company) ...

Women in leadership positions share their experiences

...ntrepreneur and former Flight Centre Associate and Doreen Kosi who is a Former Legal & Corporate Affairs Vice President SAB AB InBev Africa Zone. For more news, visit: sabcnews.com...

S.Africa's Omnia CEO resigns, finance director appointed as replacement

...by the current group finance director. Seelan Gobalsamy, who has served in senior executive roles at institutions including Liberty Holdings, STANLIB Limited and Old Mutual, will assume the role of CEO with immediate effect. The company said de La...

Anglo appoints Goldman Sachs to assist with $1bn share buyback

22ND AUGUST 2019 BY: SIMONE LIEDTKE Anglo American has appointed Goldman Sachs as its principal for buying back its shares on the JSE and UK trading venues, in line with the proportion of Anglo’s shareholder register in South Africa and the UK. Anglo ...

Oil prices steadies as markets await Fed steer

...e heard from Fed members earlier this week, we could see it supporting oil," said Michael McCarthy, chief market analyst at CMC Markets in Sydney. McCarthy also said Brent has good support at $60 a barrel on technical charts and may have som...

JSE firms a little as markets await clarity on US monetary policy

...-week losing streak, with risk assets finding some favour ahead of a pivotal speech by US Federal Reserve chair Jerome Powell. Markets are betting on at least two more 25 basis point cuts from the Fed, and investors are waiting to see if Powell may flag ...

Vox introduces hardware-as-a-service offering in boost to SA business

...calable access to a wide variety of IT infrastructure - as well as the management thereof. "Despite an increasingly competitive business environment where every rand counts, many business owners are still buying technology-based equipment outright rather ...

South African Markets - Factors to watch on Aug. 23

...economic indicators, debt and currency market moves and political events may affect South African markets on Friday. COMPANIES Northam Platinum NHMJ.J will publish full-year results. Hulamin HLMJ.J and Grindrod GNDJ.J will publish half-year results. SOU...

Are these six, SA's most important venture capitalists?

...ca’s new heavyweight shaking up the VC scene. In August last year former PPC Cement head Ketso Gordhan took the helm as CEO of the (see this ) and he’s already creating waves in the VC sector. The R1.4-billion SA SME Fund is capitalised presently b...

ZAMBEZI PLATINUM (RF) LIMITED - Release of annual report

Release of annual report ZAMBEZI PLATINUM (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration number 2014/106927/06) JSE preference share code: ZPLP ISIN code: ZAE000202552 ("Zambezi Platinum or the "company) RELEASE OF ANNUAL REPO...

Man seriously injured in bike crash

...motorbike rear-ended a SUV on Pentz Road in Table View. According to ER24 spokesperson Russell Meiring, paramedics along with Life Healthcare and Community medics, arrived at the scene to find the SUV and motorbike in the street. The biker was found ...

Cell C won't be able to repay its debts without a plan: S&P

...rest payments in January of that year. In the meantime, Cell C is working on creating an expanded roaming agreement with MTN Group Ltd., Africa’s largest mobile phone company by sales, Craigie Stevenson said. It’s also seeking funding from a South Afri...

GLENCORE PLC - GLN - Holding(s) in Company

GLN - Holding(s) in Company Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 23 August 2019 ...

Mr Price shares take a beating on weak trading update figures

...owing taking a cue from Mr Price. Truworths fell 3.41 percent to R51.60 while Woolworths eased 3.27percent lower to R51.75. The Foschini Group fell 2.63percent to R144.74 while Pepkor declined 1.41percent to R16.09. Statistics South Africa recently said r...

Omnia appoints Seelan Gobalsamy as its new CEO

...ral senior executive roles across emerging markets for almost two decades, and previously served as CEO for emerging markets at Liberty Holdings. ADVERTISEMENT Commenting on his new role, Gobalsamy said his immediate focus would be to "protect the compa...

Child airlifted from Robert Broom Drive accident

... Annemarie Lombard, the Executive Head of Curro, has responded with the following statement: "Dear Parents and Guardians, Curro Holdings is aware of an incident at Curro Krugersdorp this morning whereby a learner was involved in an accident outside ...

New KIM on the block means business

Update KNYSNA NEWS - Although Knysna DA came out triumphant after the ward 5 by-elections on Wednesday (21 August), they lost a large percentage to the new kid on the block, Knysna Independent Movement in the Brenton and Belvidere area. In 2016, the...

Unintended consequences of low interest rates

...cal risks posed by the state-owned enterprises and the increasing debt burden. Rob Price is the head of asset allocation at Alexander Forbes. PERSONAL FINANCE ...

Good-for-You, Zero-Carb Sugar Replacement Launches in SA

...ilt, but a new homegrown product is promising to offer a sweetening solution unlike any other. Launched in a joint venture with Pioneer Foods, local entrepreneur Deborah Good’s FreeSweet claims to bridge the gap between sugar and artificial sweeteners by...

Creating your Instagram business account in three simple steps

Instagram has one billion active users , where 25 million of those users are business accounts. Eighty percent of Instagram users follow at least one business account. By creating an Instagram account dedicated to your business, you open up a door where p...

How to take over (or pass on) the family business

Taking over the family business - or passing it on - can pose numerous challenges. The Money Show’s Bruce Whitfield interviewed small business expert Pavlo Phitidis, the founder of Aurik Business Accelerator. Phitidis advised both generations: For a de...

UPDATE 3-Oil prices steadies as markets await Fed steer

...omy or does he highlight the growing downside risks? Investors’ interpretation of Powell’s policy bias is set to sway markets, said FXTM market analyst Han Tan. Traders will comb through Powell’s speech later on Friday at a meeting of global central ban...

NASPERS LIMITED - Results of Annual General Meeting

NPN 201908230051A Results of Annual General Meeting NASPERS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) Share code: NPN ISIN: ZAE000015889 LSE ADS code: NPSN ISIN: US 6315121003 (‘Naspers’ or ‘the com...

Italtile plans to open more store despite weak trading conditions

JSE-listed supplier of ceramic tiles Italtile said it planned to open more stores in South Africa and abroad, despite the subdued economy, which has constrained consumer spending. Chief executive Jan Potgieter said the group would target Botswana and K...

C$ falls amid escalated tensions, markets await Fed conference

* Canadian dollar falls 0.1% against the greenback * Canada retail sales were unchanged in June * U.S. oil prices decrease 2.8% * Bond prices move higher across the yield curve By Levent Uslu TORONTO, Aug 23 (Reuters) - The Canadian dollar weakened ...

Naspers shareholders voting on Amsterdam listing

...ting in Cape Town will decide the proposed spin-off and Amsterdam listing of the company’s international technology interests Naspers shareholders will gather in Cape Town on Friday, August 23, to vote on the proposed spin-off and Amsterdam listing of the...

Julius Malema hits back at critics over viral business class photo

A photo showing EFF leader Julius Malema sitting in business class on a flight has gone viral on social media. The picture drew another of responses both defending and slamming the Red Berets' command in chief Malema himself replied to some of the com...

Naspers to separate Tencent stake: a guide to today's vote

Naspers shareholders will gather in Cape Town on Friday to vote on the proposed spinoff and Amsterdam listing of the company's international technology interests. Africa's largest company by market value is creating a new entity called Prosus NV to hol...

Naspers gets shareholder green light for Prosus mega-listing

Basil Sgourdos Naspers has received enough votes from shareholders to proceed with an Amsterdam listing of assets including a R1.9-trillion stake in Chinese Internet giant Tencent Holdings. Africa’s largest company by market value secured sufficient...

R2.5m drug stash seized at business in Cape Town

Police spokesperson Sgt Noloyiso Rwexana said 3.5kg of "tik" (crystal methamphetamine), 70 ecstasy tablets, 1,600 mandrax tablets, 900g of "rock" and 900g of cocaine were found. In addition to a "substantial stash of cash", 187 rounds of ammunition wer...

South African Markets - Factors to watch on Aug. 23

...pany announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday. COMPANIES Northam Platinum will publish full-year results. Hulamin and Grindrod will publish ha...

Naspers says it has enough votes to proceed with Prosus listing

Shareholders give Naspers the green light to list its Tencent stake as well. Naspers has received enough votes from shareholders to proceed with a listing of international assets including a stake in China’s Tencent in Amsterdam next month. Africa’s larg...

How to take over (or pass on) the family business

Taking over the family business - or passing it on - can pose numerous challenges. The Money Show ’s Bruce Whitfield interviewed small business expert Pavlo Phitidis, the founder of Aurik Business Accelerator. Phitidis advised both generations: How ...

NASPERS LIMITED - Results of the General Meeting of Naspers Shareholders

Results of the General Meeting of Naspers Shareholders NASPERS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) Share code: NPN ISIN: ZAE000015889 LSE ADS code: NPSN ISIN: US 6315121003 (‘Naspers’ or ‘the compan...

Steinhoff's bid to crowbar R1.1bn from former execs

If you’ve got it, you hold onto it for dear life, seems to be what two of Steinhoff’s former top executives are doing. They’re obviously claiming that they jolly-well-earned the R1.1bn the company wants back. Former CEO, Markus Jooste somewhat ingeniousl...

MOVES-Glencore hires former PetroIneos executive for refining team

LONDON, Aug 22 (Reuters) - Global miner and trader Glencore GLEN.L has hired former PetroIneos executive Mehdi Rghioui as a refining optimisation manager, according to his LinkedIn (NYSE:LNKD) account and a source familiar with the matter. Rghioui worked...

Naspers gets enough votes for Prosus listing

Naspers Ltd. received enough votes from shareholders to proceed with an Amsterdam listing of assets including a $125 billion stake in Chinese internet giant Tencent Holdings Ltd. Africa's largest company by market value secured sufficient backing after a...

NASPERS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting NASPERS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) Share code: NPN ISIN: ZAE000015889 LSE ADS code: NPSN ISIN: US 6315121003 (‘Naspers’ or ‘the company’) RESULTS OF ANNUA...

Naspers shareholders give Prosus listing green light

(Bloomberg) - Naspers Ltd. received enough votes from shareholders to proceed with an Amsterdam listing of assets including a $125bn stake in Chinese internet giant Tencent Holdings Ltd.Africa’s largest company by market value secured sufficient backing ...

Malema claps back at man who posted photo of him in business class

A Twitter user who took a photograph of Economic Freedom Fighters (EFF) leader Julius Malema sitting in business class on a flight and supposedly "enjoying some Moet & Chandon champagne (he appears to be reading a book in the photograph and no glass o...

R2.5m drug stash seized at business in Cape Town

Two people were arrested when police swooped on a business and discovered a large quantity of drugs, ammunition and cash in Goodwood, Cape Town. The drugs, estimated to be worth around R2.5m, were seized on Thursday during an "intelligence-led joint op...

MOVES-Glencore hires former PetroIneos executive for refining team

LONDON, Aug 22 (Reuters) - Global miner and trader Glencore has hired former PetroIneos executive Mehdi Rghioui as a refining optimisation manager, according to his LinkedIn account and a source familiar with the matter. Rghioui worked for PetroIneos fo...

Naspers gets shareholder green light for Prosus mega-listing

Basil Sgourdos Naspers has received enough votes from shareholders to proceed with an Amsterdam listing of assets including a R1.9-trillion stake in Chinese Internet giant Tencent Holdings. Africa’s largest company by market value secured sufficient backi...

Man seriously injured in bike crash

...motorbike rear-ended a SUV on Pentz Road in Table View. According to ER24 spokesperson Russell Meiring, paramedics along with Life Healthcare and Community medics, arrived at the scene to find the SUV and motorbike in the street. The biker was found ...

Loeries and Barron T-Shirt competition winners announced

...and campaigns. Major Partners of the Loeries DStv Media Sales, Gearhouse Category Partners AB InBev, Barron, Brand South Africa, Dove, Facebook, Gagasi FM, Google, JCDecaux, Nando’s, Tsogo Sun, Vodacom, Woolworths Additional Partners and Offici...

Cell C is technically insolvent says analyst

A senior market analyst is challenging Cell Cs largest shareholder Blue Label Telecoms to provide financial evidence that SAs third largest mobile operator is solvent.David Shapiro deputy chairman of Sasfin Securities says its disturbing that shareholders...

Brothers-in-law band together to build shared transport business

Andrew Robarts and James Champion are the business partners and general managers of Zeelo South Africa. They are also brother-in-laws living and working in Umhlanga Rocks, Durban. Before Zeelo, Champion was in sales for a large corporate before being ...

Northam posts record operating profit in full-year earnings

Northam Platinum [ JSE: NHM ] has reported a record operating profit of R2.4bn for the full year to the end of June - up from R823m - representing an increase of 192.7% from the previous year. The group's audited annual financial results were released ...

MTN Nigeria, Most Valuable Company On NSE -Reports

Mergers, Acquisitions and Financial Results It’s hardly been three months since the Nigerian division of South Africa’s MTN Group Ltd. finally listed on the Nigerian Stock Exchange, but it seems that listing was a good idea because MTN has quickly becom...

GLOBAL MARKETS-Stocks and oil fall, yen rallies as Trump...

...are concerns that these latest comments from Trump on China will push the U.S. into recession," said Marvin Loh, senior global markets strategist at State Street (NYSE:STT). Stocks that benefit during economic expansions fell the most, also hinting at re...

Africa energy chamber says to explore business opportunities in China

...ets. "The investment appetite of Chinese companies for Africa is only getting stronger given current international trade and business dynamics," he said. "Our visit will be consolidating several relationships we have developed over the past two year...

INSPIRING! How this Gugulethu wig entrepreneur is transforming lives

..., Langa, Mitchell’s Plain, Stellenbosch and Gugulethu to strengthen and grow their businesses. With its sponsors Distell and Absa, the SBA provides a platform for small business owners to gain business, financial and operational knowledge over nine month...

South Africa's Naspers gets shareholder approval to list unit

Aug 23 (Reuters) - E-commerce giant Naspers NPNJn.J said on Friday it had received shareholders' approval to list its newly created Prosus subsidiary on Euronext Amsterdam. The company said it was on track to list the unit on Euronext Amsterdam on Sept. ...

Italtile plans to open more stores despite weak trading conditions

DURBAN JSElisted supplier of ceramic tiles Italtile said yesterday it planned to open more stores in South Africa and abroad despite the subdued economy which has constrained consumer spending.Chief executive Jan Potgieter said the group would target Bot...

Standard Bank expecting the Ivory Coast to start taking off

JOHANNESBURG Standard Bank Group expects its investment into Frenchspeaking West African countries to start taking off once its Ivory Coast business becomes established and Senegal becomes operational.The real growth acceleration will come after 2020 Joe...

Mali's new mining code shortens stability period to 10 years -ministry

...d customs regimes. operating in the country include Barrick Gold Corp ABX.TO , B2Gold BTO.TO , Hummingbird Resources HUMR.L and AngloGold Ashanti ANGJ.J . Lassana Guindo, a technical advisor at the ministry who is in charge of the new code, said the shor...

China Molybendum's Congo mine blames mining tax, low metal prices for loss

...o protect the mine. The mine’s struggles reflect a more difficult operating environment for miners in DRC in general. Glencore earlier this month said it would halt production at its Mutanda cobalt mine in DRC, the world’s biggest, for an expected two...

Municipalities owing Eskom disrupt Vodacom network

...electricity distribution infrastructure and debts are affecting smooth operations of providing communications to some areas. Vodacom Group chief technology officer Andries Delport says: "It’s not just load-shedding; we sometimes find municipalities don’t...

UPDATE 1-South Africa's rand firms on weaker dollar after Fed chair speech

...nts, while the benchmark Top-40 index .JTOPI declined 0.39% to 48,248 points. Retailers were among the biggest decliners, with Massmart MSMJ.J shedding 7.81% to 40.26 rand, while Shoprite SHPJ.J fell 3.61% to 116.29 rand. "The whole retail index was not...

One dead in truck vs car collision in Umhlanga

...s sadly declared deceased on the scene . All necessary authorities were on scene. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911 In other news Fans mad after Cassper Nyovest postpones #FillUp2019 again It’s been almost a m...

JSE softer as bearish sentiment persists

...such as Harmony Gold [JSE:HAR] climb 4.65% to close at R52.49, while Gold Fields [JSE:GFI] surged 2.68% to close at R89.37. Intu Properties [JSE:ITU] closed amongst the day’s biggest gainers after advancing 8.71% to close at R6.49, while Tsogo Sun Hotels ...

Standard Bank expecting the Ivory Coast to start taking off

JOHANNESBURG - Standard Bank Group expects its investment into French-speaking West African countries to start taking off once its Ivory Coast business becomes established and Senegal becomes operational. "The real growth acceleration will come after 202...

Mali's new mining code shortens stability period to 10 years -ministry

...iscal and customs regimes. Companies operating in the country include Barrick Gold Corp , B2Gold, Hummingbird Resources and AngloGold Ashanti. Lassana Guindo, a technical advisor at the ministry who is in charge of the new code, said the shorter stabi...

Internal fraud rocks Jumia

...rm Interswitch renews plans to go public in London and Lagos later this year with JP Morgan Chase & Co., Citigroup Inc. and Standard Bank Group Ltd. behind the financial technology company. Insiders speculate the value to be at between US$1.3-billio...

South Africa's Naspers gets shareholder approval to list unit

Aug 23 (Reuters) - E-commerce giant Naspers said on Friday it had received shareholders’ approval to list its newly created Prosus subsidiary on Euronext Amsterdam. The company said it was on track to list the unit on Euronext Amsterdam on Sept. 11, alo...

UPDATE 1-South Africa's rand firms on weaker dollar after Fed chair speech

... while the benchmark Top-40 index declined 0.39% to 48,248 points. Retailers were among the biggest decliners, with Massmart shedding 7.81% to 40.26 rand, while Shoprite fell 3.61% to 116.29 rand. "The whole retail index was not looking all that healt...

MTN Nigeria Receives Mobile Money Licence

...access to convenient mobile money services - which have been a huge success all across the African continent. South Africa's MTN Group, which holds a majority stake in MTN Nigeria, had said that it would be applying for a mobile banking license in Nige...

No new notes will be issued in Zimbabwe

... the highest rate since runaway moneyprinting and associated hyperinflation forced the country to abandon its currency in 2009. Exxaro. BUSINESS REPORT ...

South Africa's rand firms on weaker dollar after Fed chair speech

...oints, while the benchmark Top-40 index declined 0.39% to 48,248 points. Retailers were among the biggest decliners, with Massmart shedding 7.81% to 40.26 rand, while Shoprite fell 3.61% to 116.29 rand. "The whole retail index was not looking all ...

BUSINESS MAVERICK: Quo vadis South Africa's rhino rancher supreme?

By Ed StoddardEdStoddardZA John Hume, the owner of the world's largest private rhino population, has almost run out of finance to maintain his herd. He is planning to sell off a Mpumalanga nature estate next month and it might be the last roll of the di...

Cameroon: encouraging the business climate

.... We interviewed Ekoko Mukete, Vice-President of the Cameroon Chamber of Commerce, on the institution’s work to encourage the business climate in Cameroon....

Digital critical for African business survival - report

As businesses continue to face skills shortages, digital will change the landscape. Africa’s private business leaders are optimistic and confident about future growth and embracing digitisation, according to a recent PwC report. Dudu Ramela discusses the ...

Italtile to test lighting retail market

The tile manufacturer is setting up five pilot stores in Johannesburg Tile and bathroom-ware firm Italtile, whose brands include CTM and Top T, is eyeing a foray into the lighting market, with five pilot stores to be set up before the end of August, CEO J...

Mr Price falls as much as 14% as SA consumer 'remains constrained'

...he lowest in more than two years in Johannesburg, dragging peers down with it. Truworths International Ltd . slipped 3.6% and Woolworths Holdings Ltd . 2.6% as an index of general retailers dropped the most in seven months. Economic expansion, unemploy...

Strike two as Old Mutual fires CEO Peter Moyo again; braces for backlash

...d disclosures by him about the Board Chair’s legal fees and a "triple conflict of interest with Old Mutual plc and Rothschild. The Board is satisfied that these matters have been appropriately dealt with in terms of the Old Mutual Group’s governance proce...

Exxaro CEO Mxolisi Mgojo urges SA Govt to fast-track Eskom reform plan

EXXARO Resources CEO, Mxolisi Mgojo, called on the private sector to apply similar pressure on government that characterised the groundswell of opposition to state capture when Jacob Zuma was the president of South Africa. Speaking in his capacity as a...

Cell C debt downgraded to ‘default'

...n facilities due last month. The operator’s woes continue to hurt the share price of its largest shareholder, JSE-listed Blue Label Telecoms, which plunged to new lows on Thursday below R3/share - it closed the day’s session at R2.78 after earlier drop...

Exxaro CEO adds his voice to SA Inc's call for action

Mxolisi Mgojo’s comments come even as the company’s profit doubles in the first half of the year Exxaro Resources’ Mxolisi Mgojo is the latest CEO of a large listed company to express concern over the perilous state of the South African economy. "We are...

WATCH: Steinhoff's legal woes leave very little for those holding stock

INTERNATIONAL - Steinhoff International Holdings may have about 15 billion (R252bn) of assets and stakes in profitable companies such as Pepkor Holdings, but you won’t see that reflected in the share price. The market capitalisation of the embattled re...

Here is why Tshego Ketshabile is getting better every day

...p you know I got the vibe Hit me up you know I got the vibe () One excited fan commented on this video saying; Ayo TaRi : Cassper needs to start promoting this kid more he is sleeping on the boy's talent Did you know that Tshego Ketshabile and ar...

We're all victims of fraud

...ancial sphere, adding to what feels like an ever-growing list. Fidentia, Masterbond, the Tannenbaum saga, Bernie Madoff, Enron, Steinhoff the list goes on and on. Even though security has been tightened, technology has improved and even stricter regulati...

Thomas Middelhoff reflects on failure in German business

...e as a cautionary tale for businesspeople in Germany and beyond. Mr Middelhoff’s stellar rise was unusual in staid Teutonic business culture. He climbed to the top of Bertelsmann through a combination of hard work, unwavering belief in his instincts, sh...

GLOBAL MARKETS-Stocks retreat as investors eye Fed's Jackson Hole meet

...n Hole meeting gets underway * U.S. factory sector contracts for first time in a decade -IHS Markit (Updates prices with U.S. markets, changes comment, dateline; previous LONDON) By Saqib Iqbal Ahmed NEW YORK, Aug 22 (Reuters) - An index of global s...

Coal miner plans new climate change strategy

Exxaro plans ‘structural changes' to make its business sustainable in the long term. South Africa's Exxaro Resources said it's working on a new strategy for its business founded on coal mining amid investor and public concerns about the impact of climate ...

Cash-strapped Denel taps the bond markets

... that is struggling to stay afloat has sold R50m worth of two-year floating-rate notes Arms manufacturer, Denel is tapping bond markets - and finding buyers for its debt - even after seeking emergency funding in the past two months to pay staff salaries. ...

Women homeowners' clout prompts SA retailer to change

Italtile to bring a more ‘feminine touch' to its stores, CEO says. Increasing numbers of South African women are becoming homeowners, prompting Italtile to make changes at its stores selling tiles, bathroomware and home-finishing products. "More and more...

Sundowns starlet Keletso Makgalwa could miss crucial Olympic qualifier

...top three finishers go onto the men’s football tournament at next year’s Tokyo Olympics. The first leg is at Bidvest Stadium in Johannesburg on Friday‚ September 6 and the return leg in Zimbabwe on September 10. Notoane is keeping faith with the maj...

Asset sales lift Exxaro's H1 earnings

South Africa's largest coal miner reported solid results for the six months ended June 2019. Exxaro survived a period of stage six load shedding and commodity price declines. Interim revenue is up 10 per cent to R12 billion. Core HEPS for the period is al...

Key lessons from inspiring women in business

JOHANNESBURG - Women attending the 20th annual Women in Business Conference at the UCT Graduate School of Business heard powerful stories from women who are disrupting industries and changing the world. "Don’t mimic men. If you want to lead, then foc...

Stock markets play waiting game before Fed chief speech

Global stock markets softened on Thursday as investors avoided risk on the eve of a speech by Federal Reserve head Jerome Powell, hotly anticipated for clues on the interest rate outlook. The British pound, meanwhile, gained on optimism that an orderly ...

Global markets flat due to uncertainty about US interest-rate cuts

...of the US Fed's July meeting show deep splits among policymakers over whether to have cut interest rates in July London - Share markets flatlined on Thursday as uncertainty over the outlook for US interest-rate cuts following the release of minutes from t...

Exxaro interim earnings up 42%, expects coal demand to hold steady

JOHANNESBURG - Coal and heavy minerals mining company Exxaro said on Thursday its headline earnings per share were up 42 percent to R17.30 in the six months ended June 30. Exxaro said revenue increased by two percent to R12 billion, but net operating ...

Government master plan to make producers more competitive

...oped across priority industries as part of President Cyril Ramaphosas reimagined industrial strategy for South Africa.JSElisted RCL Foods last week flagged that its earnings for the year ended June were likely to plummet more than previously forecast on t...

Finding the marketing metrics that impact business growth

...rand managers, CEOs and marketing directors disillusioned and frustrated by digital execution and its ability to deliver real business results. Brands need a 360 view on metrics that matter to their business When brands are monitoring the correct metri...

Loeries tackles cultural awareness with Google's Rare jury training

...companies and campaigns. Major Partners of the Loeries DStv Media Sales, Gearhouse Category Partners AB InBev, Barron, Brand South Africa, Dove, Facebook, Gagasi FM, Google, JCDecaux, Nando’s, Tsogo Sun, Vodacom, Woolworths Additional Partners ...

A painless legal sop to poorer debtors

...rovisions for this bill in their provisions for bad debts in their last set of results. Among banks, Capitec Bank Holdings Ltd . has the highest exposure to the targeted income group and one-time impairments could erase 13% of EPS and 4.7% of recurring...

Ramaphosa to brief lawmakers as SA seeks to cut spending

...cal consolidation and would be viewed positively by markets and credit ratings agencies, said Elna Moolman, an economist at Standard Bank Group. Retaining the country’s last investment-grade credit rating by Moody‘s Investors Service depends on how gover...

Exxaro interim earnings up 42% expects coal demand to hold steady

JOHANNESBURG Coal and heavy minerals mining company Exxaro said on Thursday its headline earnings per share were up 42 percent to R17.30 in the six months ended June 30.Exxaro said revenue increased by two percent to R12 billion but net operating profit...

GLOBAL MARKETS: I'm goin' to Jackson

Central bankers will gather at their annual Jackson Hole as warning signals from financial markets add to rising pressure to come up with ways to support the global economy Central bankers will gather at their annual Jackson Hole meeting in Wyoming this w...

Improved trading boosts Assore's profits

JOHANNESBURG - Mining and trading company Assore yesterday told shareholders that headline earnings would likely jump by up to 28 percent in the 2019 financial year, owing to improved trading conditions. It projected headline earnings would increase to R...

LETTER: Why is JCI hiding behind lawyers?

...ncial statements is meaningless. Simply put, and brushing aside the convoluted arguments of JCI’s lawyers: Steinhoff has spent millions on forensics and has already produced financials that comply with SA’s laws in the wake of a huge fraud discovered in ...

Entries open for MTN Business App of the Year

...pment or IoT spaces are invited to submit their original tech solutions for consideration for this year’s editions of the MTN Business App of the Year Awards and IoT Conference & Awards. These awards celebrate talent and out-of-the-box thinking aimed...

Exxaro buoyed by equity investments as core profit falls

Half-year headline profit up 42%. South African miner Exxaro Resources on Thursday reported a 42% rise in half-year headline profit as income from equity investments offset lower core earnings. Headline earnings per share (Heps) rose to R17.30 per share ...

Values of M&A deals rocket threefold

...o 136 in the first six months of 2019.The first big deal was the $5bn spinoff of payTV group MultiChoice to its shareholders by Naspers. The second was Naspers acquisition of Russian company Kekh eKommerts OOO for $1.2bn. Total SAs acquisition of Anadarko...

No room for fraudsters - insurers take a firm stance

...ty as the number of irregular claims continues to climb. Brad Toerien, chief executive of life insurer FMI, a division of Bidvest Life Ltd, said there had been a significant increase in fraudulent claims in South Africa in recent years, costing the indu...

Blue Label Telecoms Shares Continue Downward Spiral

blue label telecoms T hings keep getting worse for the JSE-listed group. At 12:20 today, Blue Label Telecoms shares fell 6.1% to slide all the way to R2.92 a share, pushing the company's market value way below the R19.3 billion in October 2016 when ...

Empowering small-scale women farmers in SA

... Women in Farming, were from left: Dinah Mabokwane, Carol Sekgobela, Takalani Netshitenzhe (chief officer of corporate affairs, Vodacom Group), Anne Githuku-Shongwe (UN Women South Africa multi-country office representative), Mmule Madihlaba, Rachel Madih...

Values of M&A deals rocket threefold

...in the first six months of 2019. The first big deal was the $5bn spin-off of pay-TV group MultiChoice to its shareholders by Naspers. The second was Naspers’ acquisition of Russian company Kekh eKommerts OOO for $1.2bn. Total SA’s acquisition of Ana...

London Markets: British stocks slide as Johnson continues European tour

British stocks ambled lower on Thursday after signs emerged the Federal Reserve wasn't rushing to cut interest rates, as a European tour by U.K. Prime Minister Boris Johnson did little to suggest the country would exit the European Union with a mutual agr...

Exxaro CEO Mxolisi Mgojo urges SA Govt to fast-track Eskom reform plan

EXXARO Resources CEO, Mxolisi Mgojo, called on the private sector to apply similar pressure on government that characterised the groundswell of opposition to state capture when Jacob Zuma was the president of South Africa. Speaking in his capacity as a...

REDEFINE PROPERTIES LIMITED - New financial instrument listing: RDFB24

Release Date: 22/08/2019 16:02 Code(s): RDFB24 Wrap Text New financial instrument listing: RDFB24 REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration no: 1999/018591/06) Company code: BIRDF (Approved as a REIT by...

BRIEF-Italtile Says PwC To Replace Ernst & Young As Auditors From Nov 1

Aug 22 (Reuters) - Italtile Ltd ITEJ.J : * CHANGES TO THE BOARD OF DIRECTORS AND MANDATORY ROTATION OF AUDITORS * NOMAGUGU MTETWA HAS TENDERED HER RESIGNATION AS A NON-EXECUTIVE DIRECTOR * NDUMI MEDUPE HAS TENDERED HER RESIGNATION AS A NON-EXECUTIVE DIR...

SOUTH32 LIMITED - Changes Relating To Buy-Back (Appendix 3D)

Changes Relating To Buy-Back (Appendix 3D) South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32 ADR: SOUHY ISIN: AU000000S320 south32.net 22 August 2019 ...

GLOBE TRADE CENTRE S.A. - H1 2019 Results

GTC 201908220002A H1 2019 Results GLOBE TRADE CENTRE S.A. (Incorporated and registered in Poland with KRS No. 61500) (Share code on the WSE: GTC.S.A) (Share code on the JSE: GTC ISIN: PLGTC0000037) (‘GTC’ or ‘the Company’) H1 2019 RESULTS PROFIT BE...

Sheppie High learners get business savvy - photo gallery

Port Shepstone High School has been a hive of activity lately. One of the highlights has been when the Grade 11 Business Studies class held their annual market day and it was a huge success - with delicious tasty treats available to tempt all palates! ...

Seriti in pole position for South32's SA coal assets

... provide a further update to the market in the December 2019 half-year, South32 CEO Graham Kerr said in a statement. South 32 did not say what the offer price was, as it is still subject to negotiation. The construct of the proposed deal is noteworthy a...

South32 settles on buyer for South Africa assets, reports impairment

...UTY EDITOR: AUSTRALASIA SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ PERTH (miningweekly.com) - Diversified miner South32 on Thursday reported a pre-tax impairment charge of $504-million over its South African Energy Coal assets for the year...

UPDATE 1-UK Stocks-Factors to watch on Thursday, Aug 22

... slump in annual operating profit, hit by a drop in sales and traffic at its casinos and bingo halls earlier in the year. * BRITISH AMERICAN TOBACCO: Four dominant e-cigarette makers including a unit of British American Tobacco face a probe into the hea...

Asset sales allow Exxaro to declare special dividend

Exxaro Resources, which supplies coal to Eskom, says it will pay shareholders a special dividend of 897c a share after half-year net profit doubled thanks to asset sales. The company said on Thursday profit in the six months to end-June rose to R6.4bn, f...

Jaws of Life used to free woman trapped in car

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Hydrogen window of opportunity ‘wide open' as climate crisis intensifies

...e electrode assemblies, which form the heart of fuel cells. The Johannesburg Stock Exchange-listed Impala Platinum has donated 16 ha of land near its refinery in Springs to the Gauteng Industrial Development Zone (IDZ), a provincial initiative that has t...

South Africa is turning away wealthy investors

Recent news reports indicate South Africa is facing a weakening economy, high unemployment levels and a worrying skills exodus. However, the country is also not doing enough to encourage investors to come to South Africa. This is according to Stefan...

UPDATE 1-South Africa's Exxaro buoyed by equity investments as...

... million) from 1.05 billion in the prior period, boosted by the company's 21% stake in Sishen Iron Ore Company, a subsidiary of Kumba Iron Ore Limited KIOJ.J . Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 29% to 2.81 bill...

More girls are studying science because they have the lab to learn in

...town Girls High School A subject such as science is easier to grasp when you are able to experience it, she says. The Anglo American Group Foundation is one of the dedicated instruments through which the company channels its corporate social investmen...

Budget retailer Mr Price posts lower comparable sales

Aug 22 ( ) - South African budget retailer Mr Price Group MRPJ.J on Thursday posted a 2.5% drop in comparable store sales for the first four months of its financial year, but said it was seeing signs of recovery into the spring and summer. Mr Price, know...

First stateof theart taxi rank in Centurion is now just six months away

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Which money transfer service is cheapest?

...common money transfer options used by the banks for those who do not have a bank account are Western Union and MoneyGram. Bidvest notes that when using their service through Western Union, you can send up to R3,000 worldwide without proof of income or add...

Mr Price says apparel sales have gone backwards

Winter fashion markdowns hit the group as consumers feel the pinch Mr Price Group says retail sales from its fashion stores, the company’s biggest division, fell in the first four months of its new financial year as SA’s weak economy forced it to slash pr...

JSE faces cautious start on Thursday as traders focus on the Fed

...y Naspers, were flat in Hong Kong. JSE-listed mining giant BHP Group was 0.5% higher in Australia. Meanwhile, Exxaro Resources is due to publish half-year results on Thursday. The group said recently headline earnings per share for the six months to end...

South African Markets - Factors to watch on Aug 22

...ny announcements, debt and currency market moves and political events may affect South African markets on Thursday. COMPANIES Exxaro financial results POLITICAL EVENTS President Ramaphosa answers questions in parliament SOUTH AFRICAN MARKETS South Af...

UPDATE 1-UK Stocks-Factors to watch on Thursday, Aug 22

... a 22% slump in annual operating profit, hit by a drop in sales and traffic at its casinos and bingo halls earlier in the year. BRITISH AMERICAN TOBACCO: Four dominant e-cigarette makers including a unit of British American Tobacco BATS.L face a probe int...

Budget retailer Mr Price posts lower comparable sales

Aug 22 (Reuters) - South African budget retailer Mr Price Group on Thursday posted a 2.5% drop in comparable store sales for the first four months of its financial year, but said it was seeing signs of recovery into the spring and summer. Mr Price, know...

METALS-Base metals decline as Fed minutes temper rate-cut hopes

...outside China, confirmed the receipt of a renewed operating licence from Malaysia for its processing plant there. * SOUTH32: Australian miner South32 Ltd reported a bigger-than-expected 25% drop in annual profit as the trade war between China and the Un...

Sasol stuck in Louisiana mud

...oject’s problems. That’s the kind of thing investors associate - fairly or unfairly - with the likes of Steinhoff. One of the most striking aspects of cost escalation in the initial stages was that much of it was related to labour - a risk often associa...

GLOBAL MARKETS-Stocks nudge down as investors crave clarity on Fed stance

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Are you injecting effective processes into an ineffective business system?

... renders them short-term at best. The solution lies in ensuring that your organisation is fit-for-purpose and able to do business with efficiency , competitiveness, and initiative. The achievement of a requisite organisation is not just executive accou...

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Exxaro interim earnings up 42 pct, expects coal demand to hold steady

JOHANNESBURG, August 22 (ANA) - Coal and heavy minerals mining company Exxaro said on Thursday its headline earnings per share were up 42 percent to R17.30 in the six months ended June 30. ANA NEWS WIRE Disclaimer: The African News Agency (ANA) is a ...

Rand steady as markets bet on US rate cuts

The US Federal Reserve has played down the chance of an aggressive interest rate cutting cycle, but traders are unconvinced The rand was steady on Thursday morning, holding on to the 1.17% gain against the dollar it registered on Wednesday, with the marke...

New era in drilling dawns for Kumba

Anglo American Kumba Iron Ore and the South African-based drilling service provider Rosond have entered into a R2 billion multi-year agreement to develop and implement the next generation drilling contract. The partnership is a culmination of a long-ter...

How to reposition and rebrand your business

...f newness and freshness with its intended target market. Mobile networks and TV channels also rebrand themselves to meet new business objectives. There are many reasons for a channel or a brand to do a 360° rebrand. It's either to establish dominance i...

CEE MARKETS-FX move sideways, PFNonwovens drops after poor Q2

BUDAPEST/PRAGUE, Aug 22 (Reuters) - Central Europe's currencies moved sideways on Thursday as markets looked for clarity over the U.S. interest rate outlook, while shares in Czech artificial textile maker PFNonwovens fell to a 4-1/2-year low after a poor ...

GLOBAL MARKETS-Stocks nudge down as investors crave clarity on Fed stance

...truggles in August * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh By Tom Wilson LONDON, Aug 22 (Reuters) - Share markets flatlined on Thursday as uncertainty over the outlook for U.S. interest rate cuts following the release of minutes from...

Opel Combo Cargo gets down to business

...t, we can see the logic - a comfortable, happy driver is less likely to make mistakes, get angry or distracted and crash your business investment. All of which made the Opel Combo Cargo a pleasant vehicle to drive around town. A racer it is not, but...

What Will US Recession Mean For African Markets

...an the tariffs and sanctions as it now poses the threat of economic hardships. With bond yields plummeting and weakening global markets, a recession for the U.S is more likely than ever according to some economists. So what will a U.S economic crisis mean...

Italtile declares special dividend thanks to excess cash

...it will pay an additional dividend to shareholders thanks to its growing cash pile. The increase in profits meant net cash on Italtile’s books increased 77% to R1.2bn. Italtile said its CTM chain was showing signs of a turnaround, while Italtile Retai...

#Loeries2019 finalists: Final batch

...Ball Vodacom Vodacom Red BurntOnion and Castle Lite Brand Team Castle Lite Ultimate House Party AbInBev Castle Lite FILM - BRANDED CONTENT FILM - SINGLE Hanzo Films FZE Lost and Found by Samsonite Samsonite Cosmolite Net#work BBDO W...

Mr Price shares plunge after retailer warns of lower sales of apparel

Mr Price says apparel sales have gone backwards Winter fashion markdowns have hit the group as consumers feel the pinch Mr Price Group’s shares plunged to their worst level in more than two years after the company said retail sales from fashion stores...

Old Mutual issues new termination notice to Peter Moyo

...disclosures by him about the Board Chair’s legal fees and a "triple conflict of interest with Old Mutual plc and Rothschild. The Board is satisfied that these matters have been appropriately dealt with in terms of the Old Mutual Group’s governance process...

Exxaro buoyed by equity investments as core profit falls

Half-year headline profit up 42%. South African miner Exxaro Resources on Thursday reported a 42% rise in half-year headline profit as income from equity investments offset lower core earnings. Headline earnings per share (Heps) rose to R17.30 per share ...

Commercial Property for Sale in Cotswold - Port Elizabeth Business News

Commercial Property for Sale in Cotswold : Excellent business investment opportunity parallel to Cape Road with high visibility. This large property comprises of ample rooms with the perfect layout for offices or even a crèche. The property Source: "P...

Standard Bank Reports Solid Results for the Period Ended 30 June 2019

...14.0%, which supported the interim dividend of 454 cents per share, an increase of 6% on the prior period. Sim Tshabalala, Standard Bank Group CEO says: "Standard Bank Group’s African-focused strategy has delivered continued headline earnings growth, d...

How to amp up your online marketing: Your business's recipe for success

When a consumer is looking for a retail store that sells purple scarves, they are likely to take the following steps: 1. Log onto Google 2. Find a store that is close by 3. Look at the store's reviews 4. Pick the best provider 5. Head out and buy tha...

Global markets flat due to uncertainty about US interest-rate cuts

... the US Fed's July meeting show deep splits among policymakers over whether to have cut interest rates in July London - Share markets flatlined on Thursday as uncertainty over the outlook for US interest-rate cuts following the release of minutes from t...

Absa not considering branch closures

... its successes to digital technologies as it tries to reinvent itself after separating from its parent Barclays in 2017.In 2018 Barclays Africa Group was officially renamed Absa Group and started trading under its new name and new share code (ABG) on the ...

Empowering small-scale women farmers in SA

... Women in Farming, were from left: Dinah Mabokwane, Carol Sekgobela, Takalani Netshitenzhe (chief officer of corporate affairs, Vodacom Group), Anne Githuku-Shongwe (UN Women South Africa multi-country office representative), Mmule Madihlaba, Rachel Madih...

Mr Price shares plunge after retailer warns of lower sales of apparel

Mr Price Group's shares plunged to their worst level in more than two years after the company said retail sales from fashion stores, its biggest division, fell in the first four months of the new financial year, as SA's weak economy forced it to slash pri...

Improved trading boosts Assores profits

JOHANNESBURG Mining and trading company Assore yesterday told shareholders that headline earnings would likely jump by up to 28 percent in the 2019 financial year owing to improved trading conditions.It projected headline earnings would increase to R6.53...

JSE slips as US Federal Reserve remains in the spotlight

...e JSE all share slipped 0.85% to 54,175.50 points and the top 40 was down 0.92%. Industrials were down 1.01% and banks 1.17%. Italtile jumped 10.4% to R13.80 after the tile manufacturer said its trading profit increased 18% to R1.7bn in the year to end-...

Futureproofing SA's magazine industry

...e value to customers. Understanding your audience, creating valuable content Another successful example is the Foschini Group, which has - according to the Audit Bureau of Circulations of South Africa - a solid hold on the youth category with their pub...

What Will US Recession Mean For African Markets

...an the tariffs and sanctions as it now poses the threat of economic hardships. With bond yields plummeting and weakening global markets, a recession for the U.S is more likely than ever according to some economists. So what will a U.S economic crisis mean...

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Entries Open for MTN Business App of the Year Awards, IoT Awards

...t or the IoT spaces are invited to submit their original tech solutions for consideration for this year’s editions of the MTN Business App of the Year Awards and IoT Conference & Awards. These awards celebrate the talent and out-of-the-box thinking...

Italtile CEO: How the company is dealing with SA's building industry slump

Tile retailer Italtile has seen a 7 per cent increase in its headline earning per share for its full year 2019 results. The company’s store network increased by 7 per cent to 189 stores from 176 in 2018. Italtile CEO, Jan Potgieter joins CNBC Africa for m...

Italtile to test lighting retail market

The tile manufacturer is setting up five pilot stores in Johannesburg Tile and bathroom-ware firm Italtile, whose brands include CTM and Top T, is eyeing a foray into the lighting market, with five pilot stores to be set up before the end of August, CEO...

GLOBAL MARKETS-Stocks retreat as investors eye Fed's Jackson Hole...

...on Hole meeting gets underway * U.S. factory sector contracts for first time in a decade -IHS Markit (Updates prices with U.S. markets, changes comment, dateline; previous LONDON) By Saqib Iqbal Ahmed NEW YORK, Aug 22 (Reuters) - An index of global sto...

Weaker retail sector sentiment dominates JSE trend

...so recorded gains on the day as it climbed 3.42% to close at R59.35, while Nampak [JSE:NPK] rose 3.16% to close at R9.80. Massmart [JSE:MSM] bucked the trend recorded in other retailers as it gained 2.78% to close at R43.67. Gold miner Harmony Gold [JSE:H...

South Africa's Exxaro half-year earnings surge 42%, EBITDA drops

JOHANNESBURG, Aug 22 (Reuters) - South African miner Exxaro Resources said on Thursday its half-year earnings surged 42%, as solid income from its equity investments offset lower EBITDA. Core headline earnings per share (HEPS) rose to 17.30 rand per sha...

MR PRICE GROUP LIMITED - Trading update to 22 August 2019

Mr Price Group Limited Registration number 1933/004418/06 Incorporated in the Republic of South Africa ISIN: ZAE 000026951 JSE share code: MRP ("the company" or "the group") TRADING UPDATE TO 22 AUGUST 2019 During the first four months (18 weeks to 3 Au...

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Cash-strapped Denel taps the bond markets

The struggling, state-owned arms manufacturer that is struggling to stay afloat has sold R50m worth of two-year floating-rate notes

Shut out of China, Canada finds canola buyers in drought-damaged Europe

... market access as an industry, said Chad Molesky, merchandising manager at Viterra, which is half-owned by commodity trader Glencore PLC. Canadian canola sales to the EU have climbed for several years. But this crop year they could range between 1.3 mil...

Dismissal of Gabonese judge stirs controversy

Gabonese judges are reacting to the suspension of Paulette Ayo Mba Akolly, President of the Libreville Court of Appeal. Akolly had approved an opposition request for a medical examination of President Ali Bongo. The aim was to ensure that he was capable o...

MultiChoice call centre workers to down tools on Friday

...in24 was unable to immediately reach MultiChoice for comment by phone on Thursday evening. MultiChoice was previously part of Naspers and unbundled from its parent company in September 2018. The company listed on the JSE in February....

Sundowns starlet Keletso Makgalwa could miss crucial Olympic qualifier

...top three finishers go onto the men’s football tournament at next year’s Tokyo Olympics. The first leg is at Bidvest Stadium in Johannesburg on Friday‚ September 6 and the return leg in Zimbabwe on September 10. Notoane is keeping faith with the maj...

Ghana s head of public procurement suspended for selling contracts

...tigative documentary was found engaging in acts of selling government contracts using a private company. His company, Talents Discovery Limited, had been awarded contracts from across key government institutions and they were reported to be demanding cuts...

BRIEF-Northam Refinances Its Five-Year R3.5 Bln RCF And Increases...

Aug 22 (Reuters) - Northam Platinum Ltd NHMJ.J : * JSE: NHM - NHM002 - NORTHAM REFINANCES ITS FIVE-YEAR R3.5 BILLION RCF AND INCREASES ITS R2 BILLION DMTN PROGRAMME LIMIT TO R5 BILLION * NORTHAM PLATINUM - INTEREST RATE ON NORTHAM'S R500 MILLION GENERAL...

WATCH: Steinhoffs legal woes leave very little for those holding stock

INTERNATIONAL Steinhoff International Holdings may have about 15 billion (R252bn) of assets and stakes in profitable companies such as Pepkor Holdings but you wont see that reflected in the share price.The market capitalisation of the embattled retailer ...

Harmony Gold Seeks To Acquire New Assets Amid Depleting Reserves

By Felix Njini Harmony Gold is assessing the acquisition of new assets, including AngloGold Ashanti Ltd.’s last underground operation in South Africa, as the company seeks to bolster growth and replace depleting reserves. While gold output rose 17% ...

Exxaro CEO adds his voice to SA Inc's call for action

Mxolisi Mgojo’s comments come even as the company’s profit doubles in the first half of the year Exxaro Resources’ Mxolisi Mgojo is the latest CEO of a large listed company to express concern over the perilous state of the South African economy. the c...

Mali's new mining code ends tax exemptions, other protections

...it was proposed without consultation. Companies with stakes in industrial gold mines in Mali include Barrick Gold Corp, AngloGold Ashanti, B2Gold and Hummingbird Resources. (Reporting by Tiemoko Diallo Writing by Edward McAllister Editing by Leslie Adle...

UPDATE 4-E-cigarette firms probed over health concerns by U.S. House panel

...s Inc, 35% owned by Marlboro maker Altria Group Inc, Fontem Ventures, Japan Tobacco Inc, and Reynolds American Inc, a unit of British American Tobacco Plc. The letter to Juul asked if the company has conducted or financed studies on the health implicati...

How the JSE has faired in the last year

...ot for the outstanding performance of about 10 large index stocks, including the likes of Naspers, AB InBev, BHP Billiton and Anglo American. Meanwhile, Eight of the 10 best performers on the JSE over the past year were mining companies. To find out more ...

OP-ED: Edwin Cameron: From an orphanage in Queenstown to Constitution Hill

Throughout his career, Edwin Cameron has been recognised for his brilliance, commitment to human rights and social justice, and his HIV-Aids activism. As a youngster in the little orphanage home in New Orleans, I was the bugler of the institution. When ...

Assore lifted by improved trading conditions

The mining holding company says full-year headline earnings will rise by as much as 28%. Assore says it will report a rise in full-year earnings due to generally stronger market and trading conditions for its key products. The mining holding company...

Sponsored Content: Investing offshore is about why, not when

If the idea of investing offshore causes a paradoxical mix of comfort and confusion for you, you are not alone. We all know that putting all our eggs in one basket is not a good thing! International diversification is a comforting benefit of offshore in...

Business Maverick: Down on the bayou, Sasol's mega-project sings the blues

...e project’s problems. That’s the kind of thing investors associate - fairly or unfairly - with the likes of Steinhoff. One of the most striking aspects of cost escalation in the initial stages was that much of it was related to labour - a risk often as...

Australia's South32 reports 25% drop in annual underlying profit

Aug 22 (Reuters) - Australian miner South32 Ltd S32.AX posted a 25% drop in annual underlying profit on Thursday, hurt by lower prices for aluminium. The miner's underlying net profit for the year ended June 30 came in at $992 million, compared with $1.33...

REDEFINE PROPERTIES LIMITED - New financial instrument listing: RDFB23

RDFB23 201908220050A New financial instrument listing: RDFB23 REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration no: 1999/018591/06) Company code: BIRDF (Approved as a REIT by the JSE) (‘Redefine’) NEW FINANCI...

NEPI ROCKCASTLE PLC - Results presentation live webcast

NRP 201908220058A Results presentation live webcast NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V JSE and Euronext share code: NRP ISIN: IM00BDD7WV31 (‘NEPI Rockcastle’ or ‘Company’) RESULTS PRESENTAT...

Tseliso Rangaka Q&A #Loeries2019

...Please tell us a bit about your professional achievements. Ogilvy Cape Town ECD, Loeries Chairperson, Cannes Grand Prix Win for ABInBev Carling Black Label 2018, Cannes Jury member for Radio and Audio 2019 2 What makes you excited about brand communicatio...

Mali's new mining code ends tax exemptions, other protections

...t was proposed without consultation. Companies with stakes in industrial gold mines in Mali include Barrick Gold Corp ABX.TO , AngloGold Ashanti ANGJ.J , B2Gold BTO.TO and Hummingbird Resources HUMR.L ....

Australia's South32 reports 25% drop in annual underlying profit

Aug 22 (Reuters) - Australian miner South32 Ltd posted a 25% drop in annual underlying profit on Thursday, hurt by lower prices for aluminium. The miner’s underlying net profit for the year ended June 30 came in at $992 million, compared with $1.33 bill...

Redefine partners with City Parks to uplift Rosebank's Library Park

Redefine Properties has earmarked R2 million towards beautifying and upgrading the Library Park infrastructure as part of Johannesburg City Parks & Zoo's commitment to maintaining Rosebank's green beltways. Work on the park started during June 2019...

Business Maverick: Down on the bayou, Sasol's mega-project sings the blues

...eclared the most progressive in the world. The hope that truth, justice and accountability in politics, business and society is not simply fairy tale dust sprinkled in great electoral speeches; but rather a cause that needs to be intentionally acted upon ...

UPDATE 1-Australia's South32 in talks to sell South Africa coal business

... on talks to sell South Africa energy-coal business, charge, background on aluminium prices) Aug 22 (Reuters) - Australia’s South32 Ltd said on Thursday it was in talks to sell its South Africa energy-coal business to Seriti Resources and reported a big...

BUSINESS MAVERICK: Quo vadis South Africa's rhino rancher supreme?

...was once declared the most progressive in the world. The hope that truth, justice and accountability in politics, business and society is not simply fairy tale dust sprinkled in great electoral speeches; but rather a cause that needs to be intentionally a...

UPDATE 1-Australia's South32 in talks to sell South Africa coal business

(Adds details on talks to sell South Africa energy-coal business, charge, background on aluminium prices) Aug 22 (Reuters) - Australia’s South32 Ltd said on Thursday it was in talks to sell its South Africa energy-coal business to Seriti Resources and r...

BUSINESS MAVERICK: Quo vadis South Africa's rhino rancher supreme?

John Hume, the owner of the world's largest private rhino population, has almost run out of finance to maintain his herd. He is planning to sell off a Mpumalanga nature estate next month and it might be the last roll of the dice for a man who gambled on r...

UPDATE 1-Australia's South32 in talks to sell South Africa coal business

...ils on talks to sell South Africa energy-coal business, charge, background on aluminium prices) Aug 22 (Reuters) - Australia's South32 Ltd S32.AX said on Thursday it was in talks to sell its South Africa energy-coal business to Seriti Resources and repor...

Acer's latest Chromebook means serious business

The latest Acer Chromebooks for business have arrived in South Africa. BRYAN TURNER reviewed the Acer Chromebook 715. Click below to read the review. The Chromebook market has been perceived as very consumer-focused, until the recent introductio...

UPDATE 1-Australia's South32 in talks to sell South Africa coal business

(Adds details on talks to sell South Africa energy-coal business, charge, background on aluminium prices) Aug 22 (Reuters) - Australia's South32 Ltd S32.AX said on Thursday it was in talks to sell its South Africa energy-coal business to Seriti Resources...

Business News - 21 Aug 2019

Zuma's Seriti Commission's findings has been set aside, Sasol denies sharing price-sensitive information on Lake Charles and inflation surprises to the downside in July.

GLOBAL MARKETS-Asia shares find support, still waiting on stimulus

* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Asia aided as strong retail earnings lift Wall St * Fed minutes show division on rate cuts, yields rise * Trump says no longer looking at tax cuts * PMI surveys, ECB minutes due later Thursday By Wa...

GLOBAL MARKETS-Asia shares find support, still waiting on stimulus

* Asian stock markets : tmsnrt.rs/2zpUAr4 * Asia aided as strong retail earnings lift Wall St * Fed minutes show division on rate cuts, yields rise * Trump says no longer looking at tax cuts * PMI surveys, ECB minutes due later Thursday By Wayn...

BRIEF-South32 Provides South Africa Energy Coal Divestment Update

Aug 22 (Reuters) - South32 Ltd S32.AX : * HAVE RECOGNISED A PRE-TAX, IMPAIRMENT CHARGE OF US$504M WITHIN OUR 30 JUNE 2019 FINANCIAL RESULTS * SOUTH AFRICA ENERGY COAL OPERATION WILL CONTINUE TO BE REPORTED IN GROUP'S UNDERLYING RESULTS * SOUTH AFRICA ENE...

Resilient: back on track

The mall owner has cleaned up its balance sheet, but winning back its darling status might be harder Resilient Reit shareholders, who have taken a colossal knock on both capital and income growth, will no doubt welcome the prospect of inflation-linked div...

What next for the PIC?

... new board with a highly regarded chair and considering a range of sanctions for employees involved in the Ayo transaction - a highly irregular process in which the value of the PIC’s investment plummeted 80% - the PIC is considering other ways in which t...

Ayo Technology: a good investment? Us?

Self-serving arguments and attempts to deflect blame make up the bulk of Ayo’s response to the legal action launched by the PIC, which pumped R4.3bn into the company and wants its money back Iqbal Surve-linked Ayo Technology Solutions says the Public Inve...

BACKSTORY: Basil Read's Khathutshelo ‘K2' Mapasa

...icularly for unskilled and poor compatriots. What is the one investment you wish you had made, or made earlier? Anglo American in January 2016, when it was trading at less than R60 a share. What do you consider to be the most overrated virtue? Loyalty...

More girls are studying science because they have the lab to learn in

As South Africa celebrates a generation of freedom, Anglo American acknowledges its deep roots in the country and looks ahead to its contribution in the next 25 years and beyond. Over the next five weeks experience 25 Reasons to Believe with City Press as...

ROB ROSE: Markus Jooste goes stalingrad

While the former CEO of Steinhoff initially admitted to ‘mistakes’, his strategy has shifted. Now he plans to use every technicality he can find

The holes in employer pension funds

...inning "A pension fund is part of what you give to employees as a benefit, says Anne Cabot-Alletzhauser, head of the Alexander Forbes Research Institute. "But does anybody actually regard it as a benefit? In other words, are pension funds in their curre...

Boardroom coup: engineering chaos at PSV Holdings

...ast week. That’s less than an eighth of what Markus Jooste was paid as CEO of Steinhoff over the years. But Mbalati believes the company could grow fiftyfold in value to R5bn within five years. And that growth, he says, lies in the gas industry, rather t...

Stocks Slip as Traders Mull Fed; U.S. Yields Dip: Markets Wrap

...ank hosts its annual central banking symposium in Jackson Hole, Wyoming, starting Thursday.Here are the main moves in markets: Stocks Japan’s Topix index fell 0.1% as of 1:30 p.m. in Tokyo.Hong Kong’s Hang Seng slid 0.9%.The Shanghai Composite Index fel...

RESILIENT REIT LIMITED - RES41 - Interest Payment Notification

RES41 201908220006A RES41 - Interest Payment Notification Resilient REIT Limited (Incorporated in the Republic of South Africa) (Registration No. 2002/016851/06) Company code: BIRPIF (Approved as a REIT by the JSE) Bond code: RES41 ISIN: ZAG0001486...

BRIEF-Exxaro Resources Reports HY HEPS Of 1 730 Cents, Up 42%

Aug 22 (Reuters) - Exxaro Resources Ltd EXXJ.J : * JSE: EXX - EXX - REVIEWED INTERIM FINANCIAL RESULTS: SIX MONTH PERIOD ENDED 30 JUNE 2019, INTERIM DIVIDEND AND SPECIAL DIVIDEND * EXXARO RESOURCES LTD - SPECIAL DIVIDEND OF 897 CENTS PER SHARE * EXXARO R...

South African Markets - Factors to watch on Aug 22

...2 (Reuters) - The following company announcements, debt and currency market moves and political events may affect South African markets on Thursday. COMPANIES Exxaro financial results POLITICAL EVENTS President Ramaphosa answers questions in parliamen...

Italtile declares special dividend thanks to excess cash

Italtile, the maker of tiles and home products whose retail brands include CTM, says it will pay an additional dividend to shareholders thanks to its growing cash pile. "Notwithstanding the exceptionally difficult trading conditions experienced over the ...

Seriti Resources in negotiations to buy South32's coal business in SA

...t 22 (ANA) - South African coal mining group Seriti Resources said on Thursday it had entered into exclusive negotiations with South32 regarding the sale and acquisition of the Australian-listed miner's South Africa Energy Coal (SAEC) business....

MR PRICE GROUP LIMITED - Trading update to 22 August 2019

MRP 201908220003A Trading update to 22 August 2019 Mr Price Group Limited Registration number 1933/004418/06 Incorporated in the Republic of South Africa ISIN: ZAE 000026951 JSE share code: MRP (‘the company’ or ‘the group’) TRADING UPDATE TO 22 A...

SOUTH32 LIMITED - 2019 Full Year Financial Results Presentation

S32 201908220014A 2019 Full Year Financial Results Presentation South32 Limited (Incorporated in Australia under the Corporations Act 2001) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32 ADR: SOUHY ISIN: AU000000S320 south32.net 22 August 2019 ...

Markets LIVE: Stocks drift as traders mull Fed; US yields dip

Stocks drift as traders mull Fed; US yields dip Adam Haigh Futures in the US and Europe dipped and stocks in Asia drifted Thursday as investors found little in minutes from the Federal Reserve's latest meeting to alter expectations for more aggressive...

African Markets - Factors to watch on August 22

...ng company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - GLOBAL MARKETS Asian shares edged ahead on Thursday after Wall Street got a boost from strong r...

GLOBE TRADE CENTRE S.A. - H1 2019 Results

H1 2019 Results GLOBE TRADE CENTRE S.A. (Incorporated and registered in Poland with KRS No. 61500) (Share code on the WSE: GTC.S.A) (Share code on the JSE: GTC ISIN: PLGTC0000037) ("GTC or "the Company) H1 2019 RESULTS PR...

BRIEF-Italtile FY HEPS 101,8 Cents

Aug 22 (Reuters) - Italtile Ltd ITEJ.J : * PRELIMINARY REVIEWED CONDENSED GROUP RESULTS FOR THE YEAR ENDED 30 JUNE 2019 AND DIVIDEND DECLARATION * FY SYSTEM-WIDE TURNOVER: R10,0 BILLION UP 15% * FY EARNINGS PER SHARE: 102,6 CENTS * FY HEADLINE EARNINGS...

Rassie's six-year contract looks like good business

Seventeen months ago there was much grumbling that SA Rugby had offered Rassie Erasmus a six-year contract to be director of rugby. Much of the outrage stemmed from the implication that it was also a six-year contract to coach the Springboks. Althoug...

Seriti in pole position for South32's SA coal assets

...pulted into the position of SA’s second-largest coal producer, with Exxaro Resources ranking first by a small margin. South 32 did not say what the offer price was, as it is still subject to negotiation. The commodity upside relates to the export pric...

Seriti Resources said to win bid for South32 coal assets

... EMAIL THIS ARTICLE FONT SIZE: -+ JOHANNESBURG - Seriti Resources, a South African mining company, won a bid to acquire South32's thermal-coal assets in the country, according to two people familiar with the process. Final offers were in a range ...

South Africa's Exxaro half-year earnings surge 42%, EBITDA drops

JOHANNESBURG, Aug 22 (Reuters) - South African miner Exxaro Resources EXXJ.J said on Thursday its half-year earnings surged 42%, as solid income from its equity investments offset lower EBITDA. Core headline earnings per share (HEPS) rose to 17.30 rand p...

RESILIENT REIT LIMITED - RES41 - Interest Payment Notification

RES41 - Interest Payment Notification Resilient REIT Limited (Incorporated in the Republic of South Africa) (Registration No. 2002/016851/06) Company code: BIRPIF (Approved as a REIT by the JSE) Bond code: RES41 ISIN: ZAG000148628 ("Resilient) IN...

MR PRICE GROUP LIMITED - Trading update to 22 August 2019

MRP Trading update to 22 August 2019 Mr Price Group Limited Registration number 1933/004418/06 Incorporated in the Republic of South Africa ISIN: ZAE 000026951 JSE share code: MRP ("the company" or "the group") TRADING UPDATE TO 22 AUGUST 2019 During t...

SOUTH32 LIMITED - Notification of Dividend (Appendix 3A)

Notification of Dividend (Appendix 3A) South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32 ADR: SOUHY ISIN: AU000000S320 south32.net 22 August 2019 ...

Bowmans and PWC Continue Probing Troubled Cell C

...ot doing a thorough job. South Africa is already under scrutiny after alleged corporate governance failures at EOH, Steinhoff and Tongaat Hullet that eroded value for investors on the JSE. It is, therefore, also critical that Deloitte acts above boa...

Hindsight is 20/20 when it comes to offshore investing

...urns local investors could have generated by investing offshore. However, as Hannes van Zyl, principal investment consultant at Alexander Forbes says, "hindsight is always 20/20. According to Van Zyl, the ultimate return when investing in assets denomin...

Diaspora Bond Definition

What Is a Diaspora Bond? A diaspora bond is a bond issued by a country to its expatriates. These bonds allow developing countries in need of financing to look to expats in wealthy countries for support. Diaspora bonds offer migrants discounts on governme...

NPO seeks to empower business community

A LOCAL non-profit organisation has invited the business community, and other interested parties, to join them at their business breakfast, which takes place at the end of the month. The People Upliftment Programme (POPUP) seeks to transform lives and u...

AYO TECHNOLOGY SOLUTIONS LIMITED - Change to the Board

Change to the Board AYO TECHNOLOGY SOLUTIONS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1996/014461/06 JSE share code: AYO ISIN: ZAE000252441 ("AYO Technology" or "the Company") CHANGE TO THE BOARD The board of directo...

Library Park to benefit from Redefine-JCPZ partnership

Redefine Properties has earmarked R2m towards beautifying and upgrading the Library Park infrastructure as part of Johannesburg City Parks & Zoo's (JCPZ) commitment to maintaining Rosebank's green beltways. Work on the park started during June 2019 an...

Russia's Rosneft to switch to euros in oil products tenders - traders

...lls the bulk of its oil products for export at annual tenders as well as at a number of spot or short-term tenders. BP, Glencore, Trafigura, Vitol and Cetracore are among top buyers. Rosneft contacted buyers about the switch from dollars to euros in e...

Proximity is pushing cloud computing, and the big three, close to the edge

...n of the platform. Cloud providers in China - such as Alibaba Group and Tencent Holdings, of which Naspers owns 31% - invested in carrier China Unicom two years ago. And more such investments and partnerships could be coming, Sharma said. For other tech...

UK abstention from meetings will not block EU business - Commission

...s that the United Kingdom remains committed to the duty of sincere cooperation and will not stand in the way of conduct of EU business during this time, a spokeswoman for the European Commission told a news briefing in Brussels. "As far as the Commissio...

Betting on booze: Investing in big-brand liquor companies

...o drinking their more expensive products. Should investors consider big-brand liquor companies like Diageo, LVMH, or JSE-listed Distell? According to my industry colleague Wayne McCurrie, the global booze business is in turmoil. He pointed out on Twitt...

Gabonese judge sitting on Bongo s medical eligibility case suspended

...nds the president’s health following months abroad for treatment and recuperation from a stroke. On August 12, Judge Paulette Ayo Mba, who is president of Libreville Court of Appeal, ruled that a petition seeking an order for the president to undergo heal...

Can carbon capture help coal lose its villainous hue?

...uring the carbon emissions from coal-fired power stations and storing them underground London - In late February, Peter Coates, Glencore’s non-executive director, appeared at an event in Sydney to make a rare intervention from a mining leader - a full-thr...

Three Comrades winners in SA 50km World Champs squad

...Bester is manager. The insinuation was that favouritism was the criteria for selection. A strong argument was made that Massmart’s Lizzy Babili should have been selected given her stellar showing in both the 56km Two Oceans Marathon as well as the 87.7k...

Imbalie Beauty delays AGM after making Naspers-like error

...lay its AGM at the final hour after realising that it had not sent its annual report to shareholders. In June, JSE-heavyweight Naspers said it had to postpone its listing on Amsterdam’s Euronext exchange after some of its circulars were sent to the wrong...

GLENCORE PLC - GLN: Notification Of Major Share Holdings.

GLN 201908210039A GLN: Notification Of Major Share Holdings. GLENCORE PLC (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW6...

In Sectional Titles, maintenance is a collective business

| Legal, MyProperty News > Legal - 21 Aug 2019 Finding enough money for maintenance tasks is a constant struggle in most Sectional Title (ST) schemes, even if they do have a sizeable reserve fund, but no matter how stretched t...

KAP Industrial looks to BEE deal for value

DURBAN - KAP Industrial Holdings’ investment of R7.8 billion in the last two financial years has failed to lift earnings in the year to end June after the diversified industrial group reported a 25percent decline in earnings, impacted by costs of a broad-...

Markets LIVE: Former Old Mutual exec appointed to Absa board

| Fin24 Former Chief Operating Officer of Old Mutual Emerging Markets Rose Keanly has been appointed independent non-executive director to Absa board. "Rose retired as the former Chief Operating Officer of Old Mutual Emerging Markets in February 2018,...

Op-Ed: Negotiating petroleum deals in Nigeria, DRC and Senegal

...able and US firms continue to invest in new projects like the EGLNG backfilling project with Noble, Atlas Oranto, Glencore Marathon and the state. What’s the way forward? African leaders and African nations cannot afford this sort of mistakes anymore....

Tekkie Town vendors in new win over Steinhoff

Former Tekkie Town executives have claimed another victory over Steinhoff International after the Western Cape High Court ruled in their favour.

‘Building pipeline of competent artisans'

...ways for youth to enter the job market and be job ready. He began his working career in 1985 as an electrician apprentice at Anglo American in Welkom, qualifying as an electrician in 1989. In 1995 he was appointed as an electrical training officer a...

Kapstadt FC get a luckycup deal

...apstadt has relaunched their annual football festival as the Lucky Star Cup following a successful long term agreement with the Oceana Group's Lucky Star. Now in its ninth year, this year's three-day event promises to be the biggest yet with Lucky Star...

7 things you need to know today

...nt on Wednesday.2. Tekkie Town vendors in new win over SteinhoffFormer Tekkie Town executives have claimed another victory over Steinhoff International after the Western Cape High Court ruled in their favour.3. Shoprite falls 9% tanking with other retail ...

Automation of CX is the only way to grow your business

...ng more with less. Working in an agile way. These phrases are typically mentioned when describing essential components of doing business in the digital age. Kevin South, Head of Digital & CX at Seacom Emerging technologies like cloud, robotics and AI ...

Harmony engaging PNG govt on Wafi-Golpu, evaluating organic prospects

...nvestment criteria. Other organic prospects include the Mispah Tailings Reclamation project, which was acquired from AngloGold Ashanti as part of the Moab Khotsong transaction and the Central Plant Reclamation project, also a surface tailings retreatme...

Alibaba puts off its planned Hong Kong listing

Chinese e-commerce giant to wait until political tensions ease and market conditions are more favourable, sources say Hong Kong/New York - China's biggest e-commerce company Alibaba Group has delayed its up to $15bn listing in Hong Kong amid growing pol...

EMERGING MARKETS-Currencies gain as investors look for Fed hints

...ries of a global slowdown, expectations policymakers will turn to monetary and fiscal stimulus have run high, helping financial markets stabilise after a stormy week. The won KRW= gained 0.4% to its highest in nearly three weeks amid easing tensions with...

ShowMe's Guide to Markets in the Winelands near Paarl

Markets are the new ‘in' thing - and for good reason - it's a great outing for families as there is a combination of shopping, food, drinks, kiddies entertainment to be had and fresh goods on offer. Paarl and the Winelands has a great selection of market...

EMERGING MARKETS-Currencies gain as investors look for Fed hints

...f a global slowdown, expectations policymakers will turn to monetary and fiscal stimulus have run high, helping financial markets stabilise after a stormy week. The won gained 0.4% to its highest in nearly three weeks amid easing tensions with Japan. Th...

Harmony Gold eyes potential in AngloGold Ashanti assets

Harmony Gold is examining growth opportunities including AngloGold Ashanti’s Mponeng mine, it said on Tuesday after posting a 19% jump in annual earnings. Chief Executive Peter Steenkamp said Harmony was interested in projects including Mponeng, the wo...

African Markets - Factors to watch on August 21

...ng company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. GLOBAL MARKETS Asian shares fell on Wednesday as fresh worries about a global recession led investors to ...

South African Markets - Factors to watch on August 21

...pany announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday. ECONOMIC EVENTS - Statistics South Africa publishes July consumer price inflation data at 08...

Glencore, BP stuck with tainted Russian crude

* Some 600,000 tonnes of tainted oil remain unsold * Glencore hardest hit among Russian oil buyers By Olga Yagova, Vladimir Soldatkin and Dmitry Zhdannikov MOSCOW, Aug 21 (Reuters) - BP and Glencore are struggling to sell around 600,000 tonnes of ta...

SASOL LIMITED - Response to Investor Enquiries

Response to Investor Enquiries Sasol Limited Sasol Ordinary Share codes: JSE: SOL NYSE: SSL Sasol Ordinary ISIN codes: ZAE000006896 US8038663006 Sasol BEE Ordinary Share code: JSE: SOLBE1 Sasol BEE Ordinary ISIN code: ZAE0...

Get the basics right to grow, business chamber boss urges metro

... basics right - that is the key to turning around Nelson Mandela Bay’s economic slump. The city cannot grow and attract new business if the roads are in a bad state, if there are constant water disruptions and an irregular electricity supply, Nelson Man...

TELKOM SA SOC LIMITED - Interest payment notification - TL26

Interest payment notification - TL26 Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) JSE Alpha Code: BITEL INTEREST PAYMENT NOTIFICATION Bondholders are advised of the following interest payment...

Hammerson names AIG exec as new finance chief

(Adds details on salary, quote, background) Aug 21 (Reuters) - Shopping centre operator Hammerson Plc on Wednesday appointed AIG executive James Lenton as its new finance chief, months after saying Timon Drakesmith would step down from the r...

BRIEF-Assore Sees FY HEPS Of R59,33 To R63,31

Aug 21 (Reuters) - Assore Ltd ASRJ.J : * TRADING STATEMENT * HEPS FOR FY19 ARE ANTICIPATED TO BE BETWEEN R59,33 (INCREASE OF 20%) AND R63,31 (INCREASE OF 28%), FROM R49,53 PER SHARE IN FY18 * WORLD MANGANESE ALLOY MARKET OVERSUPPLY WORSENED IN H2, WHICH...

Caution is the word on Asian markets ahead of Fed minutes

...onetary and fiscal stimulus to keep growth going. Much depends on what the Federal Reserve does with US interest rates, making markets hyper-sensitive to the minutes - due later on Wednesday - of its last meeting. Traders are also awaiting the central b...

Important facts about getting into the food trucks business

The stereotype that food trucks business was more of an ugly enterprise that would sell unhealthy food is so overrated. Currently, this is one business that is stealing the attention of most people. These are the most sought locations because of how conve...

3 Business loans to consider as a construction business owner

There are different types of construction business loans for construction companies. However, in order to determine the best type of loan for your company, you need to know what your business needs. If you’re looking to apply for construction business ...

Getting it right pitching your business to prospective clients

... Before beginning any pitch, you need to understand who you are pitching to. Let’s use the extreme example of pitching your business idea to a group of varsity students and pitching the same idea to seasoned bankers. The tone, the content and the foc...

Rat catchers back in business in Port Elizabeth

Rats in Port Elizabeth need to take a second look over their shoulders as 15 of the best rat catchers in town are back in business. Fifteen spotted eagle owls have been released back into the wild in the city after being rehabilitated from secondary poiso...

ASSORE LIMITED - Trading Statement

Trading Statement Assore Limited (Incorporated in the Republic of South Africa) Registration number: 1950/037394/06 Share code: ASR ISIN: ZAE000146932 ("Assore", "the group or "the Company) TRADING STATEMENT Shareholders of Assore ("Shareholders) are a...

Glencore, BP stuck with tainted Russian crude

* Some 600,000 tonnes of tainted oil remain unsold * Glencore hardest hit among Russian oil buyers By Olga Yagova, Vladimir Soldatkin and Dmitry Zhdannikov MOSCOW, Aug 21 (Reuters) - BP and Glencore are struggling...

SASOL LIMITED - Response to Investor Enquiries

SOL SOLBE1 201908210003A Response to Investor Enquiries Sasol Limited Sasol Ordinary Share codes: JSE: SOL NYSE: SSL Sasol Ordinary ISIN codes: ZAE000006896 US8038663006 Sasol BEE Ordinary Share code: JSE: SOLBE1 Sasol BEE Ordinary ISIN code: ZAE0001...

Business Blitz: Jideka

...ion and will carry on onto my Spring/Summer 19 collection. What skills did you find were important for not only running your business but ensuring that the product is of top quality and consumers are buying it? I always said if I were to go back in ...

Steinhoff and Pepkor blocked from selling Tekkie Town shares

The Western Cape High Court has prevented Steinhoff and its subsidiary, Pepkor Holdings, from selling or dealing in the shares of shoe retailer Tekkie Town, in a ruling handed down on Tuesday. The previous owners of Tekkie Town, led by founder Braam va...

GLENCORE PLC - GLN: Transactions In own Shares-20 August 2019

GLENCORE PLC (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 21 August 2019 Tr...

SA gold results: Not yet glistering, but at these prices…

...sharp departure from recent years when Harmony was deeply in the red. Speculation in this regard has centred on AngloGold Ashanti’s Mponeng operation, the world’s deepest mine, which the company has put up for sale. However, AngloGold CEO Kelvin Dushnis...

Bowmans and PWC Continue Probing Troubled Cell C

...Even, S&P rating agency downgraded Cell C’s rating profile, placing it deeper into ‘junk’ status in June. Last week, Blue Label Telecoms shares took a nosedive after MTN announced that Cell C owes it R393 million and because of non-payment it has wri...

What Makes Tesla's Business Model Different?

Tesla did not invent the first electric car, but it did invent was the first successful business model for bringing compelling electric cars to the market.

Prepare your business to benefit from AI

If data is the new oil, artificial intelligence (AI) can arguably be its best drill, able to uncover insights and mine real business value from the huge and complex data sets that typify modern organisations. Enterprises are not blind to the massive oppor...

South African Markets - Factors to watch on August 21

... Wednesday. ECONOMIC EVENTS - Statistics South Africa publishes July consumer price inflation data at 0800 GMT. COMPANIES - Assore ASRJ.J sees full-year HEPS of 59.33 rand to 63.31 rand. AFRICAN MARKETS South Africa's rand firmed on Tuesday, pulling b...

Tekkie Town vendors in new win over Steinhoff

DURBAN Former Tekkie Town executives have claimed another victory over Steinhoff International after the Western Cape High Court ruled in their favour.The Tekkie Town vendors brought the urgent application in the Western Cape High Court on April 25 seeki...

Ladies aim at legendary status - Port Elizabeth Business News

...nd women was the driving force behind the IIE’s Varsity College Port Elizabeth’s recently hosted annual such as women and business, self worth and living your Source: "Port Elizabeth business - BingNews . SA’s wool sector has R5bn question for Chi...

UPDATE 1-UK Stocks-Factors to watch on Aug 21

... Plc INCH.L appointed former Unilever ULVR.L executive Gijsbert de Zoeten as chief financial officer in place of Richard Howes. HAMMERSON: Shopping centre operator Hammerson Plc HMSO.L appointed AIG (NYSE:AIG) AIG.N executive James Lenton as its new finan...

Design ideas from the August issue of SA Home Owner

...neutral aesthetic, while the use of natural textures develops a feeling of authentic luxury. blu_line Nicole Russell of Italtile : "For bathroom design, vintage could easily refer to an English cottage look with a cosy feel with a chic and sophistic...

#Loeries2019 finalists: Second batch

...Own your situation RB Durex Ogilvy Johannesburg 1120under5 KFC Add Hope Ogilvy Johannesburg Smash the Label ABInBev - Castle Lager Castle Lager BRANDTRUTH//DGTL FNB Switch with a Selfie - Social Media Campaign First National Bank (FNB) ...

SA municipal districts must all have Silicon Valley skills hubs

...evelopment in this regard, by offering enterprise development and support that is digital economy specific. Naspers, South Africa and Africa’s largest technology investor , is already investing more than R1.4-billion over the next couple of years, to fu...

Business robbery goes wrong and leaves one dead

A suspect was killed during a business robbery that went wrong in Bram Fischerville on Friday, 16 August. According to Captain Kay Makhubele, the Provincial Police spokesperson, they caught the group of suspects during a joint intelligence-driven opera...

Hammerson names AIG exec as new finance chief

...on pound takeover bid by rival Klepierre last year. The company also walked away from a deal to buy smaller rival Intu Properties Plc in the first half of last year. ($1 = 0.8239 pounds) (Reporting by Shashwat Aw...

South African Markets - Factors to watch on August 21

ASSORE: 31,410 0 (0.00%) 21/08/2019 00:00 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday. ECONOMIC EVENTS - Statist...

Alibaba puts off its planned Hong Kong listing

Hong Kong/New York - China's biggest e-commerce company Alibaba Group has delayed its up to $15bn listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter say. Alibaba's Hong Kong-listing pla...

How to interpret financial results

.... Why it matters: Cash in the bank is irrefutable and cannot be fudged by fancy accounting. Given the Steinhoff debacle, actual cashflow is important. The free cashflow after capital expenditure indicates how much cash the business requires each year to k...

JSE set for mixed start on Wednesday as monetary policy takes centre stage

...ose marginally. Australia’s main benchmark shed 1.1%. Chinese Internet and gaming giant Tencent, which is 31% owned by Naspers, rose 0.6% in Hong Kong. JSE-heavyweight BHP Group, on the other hand, fell 2.3% in Australia. The mining giant on Tuesday rep...

Applications Open For The Anglo American Learnership Programme 2020

...tion Functionality Assessment (RFA) & medical certificate of fitness, and Selection of Candidates will be based upon the Anglo American Platinum selection and recruitment procedure. 5. Additional Information. Anglo American Platinum shall apply th...

Business Maverick: Beyond AGOA - Prosper Africa

Despite the trade war between the US and practically everywhere, led by US President Donald Trump, African trade with the US is growing sharply under America's African Growth and Opportunity Act, the 18th forum of which took place earlier in August in Abi...

Business Maverick: Beyond AGOA - Prosper Africa

... in August in Abidjan, Cote d’Ivoire. The 18 th AGOA Forum that took place earlier in August was once again a reminder to business not only to make the most of AGOA, but also to start thinking beyond it. South Africa, along with the majority of coun...

GLOBAL MARKETS-Stocks rise with focus on stimulus; U.S. yield curve flat

...the improved risk sentiment drove safe-haven yields higher while the yen and gold edged lower. There was muted reaction across markets to minutes from the late July meeting at the Federal Reserve. Policymakers debated cutting interest rates more aggressi...

S.Africa's Omnia CEO resigns, finance director appointed as replacement

...ed by the current group finance director. Seelan Gobalsamy, who has served in senior executive roles at institutions including Liberty Holdings LBHJ.J , STANLIB Limited and Old Mutual OMUJ.J , will assume the role of CEO with immediate effect. The compa...

Look to overseas markets to grow your business

...lied to some of the largest retailers in the world, such as Walmart, Amazon, Canadian Tire Corporation in the Americas, Massmart and divisions, Pick n Pay, The Building Company (previous Steinbuild), Take-A-Lot in Africa and Barbeques Galore in Australia....

Tekkie Town acquisition 'clearly plotted'

Markus Jooste, former Steinhoff CEO. Photo source: The Citizen GEORGE NEWS - Justice Nathan Erasmus of the Western Cape High Court on Tuesday 20 August handed down reasons for his ruling in April by which he interdicted Steinhoff from dealing with its...

Blue Label share price closes at its lowest since listing

Concerns about its associate Cell C continue to weigh on the group, with Blue Label stock down 13% so far this week The Blue Label Telecoms share price suffered more losses on Wednesday as concerns about its associate Cell C continue to weigh on the group...

20 August 2019

Pieter Engelbrecht, Shoprite Holdings’ CEO discusses the sluggish economy the company finds itself in. National Treasury is seeking to curb Section 12J significantly, by implementing a R2.5m limit as part of the Draft Taxation Amendment Bill - Darryn Faul...

LETTER: ANC a family business that looks after itself

A near bankrupt state will not be able to fund a grand scheme such as NHI The ANC is run like a family business; as such, all decisions are made for their own benefit. The proposed national health insurance (NHI) scheme is one such grandiose project that ...

Business Maverick: Discovery's red flags

...rvices group Discovery have been at pains to convince the market that National Health Insurance will not necessarily hurt their business. But is the share price slump just about NHI? and lays the groundwork for the establishment of a central fund that w...

Uber-rival Bolt enters European food delivery business

...Food this year in South Africa, Latvia and Lithuania as well. Bolt, which until early this year was called Taxify, has grabbed business from Uber (NYSE:UBER) mostly in major African cities and Eastern Europe. It now operates in 30 countries. Bolt is a l...

BHP pays record dividend

...nal payout of 78 US cents to shareholders, taking its total dividend for the year 18% higher to 133c. BHP, formerly known as BHP Billiton, said the bumper payout followed a five-year period in which it managed to grow total production volumes by 10% wh...

Solly Moeng: If SA were a business, we'd have axed those at the top

...verning party, if and when these issues crop up. After all, where there is money, there is temptation. Look at what happened at Steinhoff, to choose just one example. That is probably human nature. So, we could be going back to focus on several companie...

How companies behave matters

...or corporate governance in recent years. The most high profile was the lack of board oversight that allowed the Steinhoff fraud to perpetuate, but there are a number of other examples. MTN, for instance, was hit with a substantial fine in Nigeria because...

The good, the bad and the ugly on the JSE

...y do not follow the calendar like humans do. A similar list of share performances since the start of the year would show Massmart to be the worst with its drop of 55%, followed by Netcare and Discovery, which both lost around 35% since the JSE reopened f...

ANALYSIS: #CR17 email leaks: Separating the myths from the facts, Part Two

...nated R1-million almost a year after the conclusion of the campaign, in October 2018; Hosken Consolidated Investments director Johnny Copelyn donated R2-million in August 2018. Why would donors continue to give money after the campaign had successfully...

GLOBAL MARKETS-Asian shares fall on recession fears; eyes on Fed minutes

* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * MSCI ex-Japan down 0.2%; Nikkei falls 0.7% * U.S. President Trump says he had to 'take China on' * Eyes on Fed minutes, Jackson Hole meeting By Swati Pandey SYDNEY, Aug 21 (Reuters) - Asian shares fe...

PRESS DIGEST- British Business - Aug 21

Aug 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Prime Minister Boris Johnson will tell German Chancellor Angela...

Wildlife on the coalfields, biodivesity in the winelands

As South Africa celebrates a generation of freedom, Anglo American acknowledges its deep roots in the country and looks ahead to its contribution in the next 25 years and beyond. Over the next five weeks experience 25 Reasons to Believe with City Press...

GLOBAL MARKETS-Asian shares fall on recession fears; eyes on Fed minutes

* Asian stock markets : tmsnrt.rs/2zpUAr4 * MSCI ex-Japan down 0.2%; Nikkei falls 0.7% * U.S. President Trump says he had to ‘take China on’ * Eyes on Fed minutes, Jackson Hole meeting By Swati Pandey SYDNEY, Aug 21 (Reuters) - Asian shares fel...

Tekkie Town founder swapping back Aldrie Jooste's "fools gold"

Those who shared the Steinhoff executive suite with former CEO Markus Jooste now refer to him as "Aldrie (all three) - because using only one of Afrikaans’s three worst swearwords is deemed insufficient. Another of "Aldrie’s one-time bosum buddies, entrep...

Business Maverick: Discovery's red flags

...rvices group Discovery have been at pains to convince the market that National Health Insurance will not necessarily hurt their business. But is the share price slump just about NHI?

Business Maverick: Discovery's red flags

...rvices group Discovery have been at pains to convince the market that National Health Insurance will not necessarily hurt their business. But is the share price slump just about NHI? Of all of the listed companies likely to be impacted by the arrival of...

Uber-rival Bolt enters European food delivery business

...this year in South Africa, Latvia and Lithuania as well. Bolt, which until early this year was called Taxify, has grabbed business from Uber mostly in major African cities and Eastern Europe. It now operates in 30 countries. Bolt is a late entrant to ...

HAMMERSON PLC - Appointment of Chief Financial Officer

Appointment of Chief Financial Officer Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 (‘Hammerson’ or ‘the Company’) Board Change 21 August 2019 Appointment of Chief...

TELKOM SA SOC LIMITED - Interest payment notification - TL26

TL26 201908210019A Interest payment notification - TL26 Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) JSE Alpha Code: BITEL INTEREST PAYMENT NOTIFICATION Bondholders are advised of the fol...

Applications Open For The Anglo American Learnership Programme 2020

...tion Functionality Assessment (RFA) & medical certificate of fitness, and Selection of Candidates will be based upon the Anglo American Platinum selection and recruitment procedure. 5. Additional Information. Anglo American Platinum shall apply th...

SA poultry industry, govt work to open up new export markets

JOHANNESBURG, August 21 (ANA) - South Africa's poultry industry is working with the government to open up new export markets as part of a master plan currently under development to re-invigorate the sector, the department of trade and industry said on Wed...

Gartner identifies three technologies to transform business in Africa

...oT) and low earth orbit satellite systems. The Hype Cycle identifies 24 key technologies and describes how they will impact business performance in Africa during the next 10 years (see Figure 1). Thirteen of these technologies will mature within the n...

Solly Moeng: If SA were a business, we'd have axed those at the top

... destination or country brands. I chose the latter. Her concerns are, of course, legitimate. We could be talking about the SA business sector and how it deals with the same things occurring within our governing party, if and when these issues crop up. A...

Tekkie Town vendors in new win over Steinhoff | IOL Business Report

...s related to it, including Pepkor Holdings and Pepkor Speciality, in any way that would prevent the possible restitution of the business and shareholding to its founder Braam van Huyssteen and the other previous owners of Tekkie Town. Van Huyssteen and ...

Fact check: CR17 email leaks

...nated R1-million almost a year after the conclusion of the campaign, in October 2018; Hosken Consolidated Investments director Johnny Copelyn donated R2-million in August 2018. Why would donors continue to give money after the campaign had successfully ...

Steinhoff's legal woes leave little for those holding stock

Steinhoff International Holdings may have about 15bn (R255.1bn) of assets and stakes in profitable companies such as Pepkor Holdings, but you will not see that reflected in the share price. Steinhoff International Holdings may have about 15bn (R255.1bn...

GLENCORE PLC - GLN: Transactions In own Shares-20 August 2019

GLN 201908210012A GLN: Transactions In own Shares-20 August 2019 GLENCORE PLC (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T...

HAMMERSON PLC - Appointment of Chief Financial Officer

HMN 201908210005A Appointment of Chief Financial Officer Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 (‘Hammerson’ or ‘the Company’) Board Change 21 August 2...

Tekkie Town vendors in new win over Steinhoff | IOL Business Report

Tekkie Town vendors in new win over Steinhoff busrep Former Tekkie Town executives have claimed another victory over Steinhoff International after the Western Cape High Court ruled in their favour. Judge Nathan Erasmus yesterday handed down the reason...

Australia shares end lower as global growth fears hit Asia markets

...m Federal Reserve Chair Jerome Powell at the end of the week. "Concerns about global growth returned to haunt the markets and Australia was doubly affected because of pressure on industrial metals," said Michael McCarthy, chief market strate...

South African Markets - Factors to watch on August 21

...pany announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday. ECONOMIC EVENTS - Statistics South Africa publishes July consumer price inflation data at 0800 GMT. CO...

Business robbed in Old Paarl Road

Two armed robbers hit a local business in Old Paarl Road on Tuesday 13 August. The robbery took place at about 19:20 when two armed men walked into the shop and held the cashier at gunpoint. The cashier was then assaulted with the firearm and was taken ...

Uber-rival Bolt enters European food delivery business

...his year in South Africa, Latvia and Lithuania as well. Bolt, which until early this year was called Taxify, has grabbed business from Uber mostly in major African cities and Eastern Europe. It now operates in 30 countries. Bolt is a late entrant to...

MTN granted permission to bring digital banking to Nigeria

...r banking services - this is intended to give millions of Nigerians without bank accounts access to mobile money services. MTN Group, which has a majority stake in MTN Nigeria, had said it would apply for a mobile banking license in Nigeria and hoped t...

Debt relief law ‘no cause for alarm' for investors

...with the targeted income groups accounting for an average of 40% of shoppers at The Foschini Group, Truworths International and Mr Price Group. A 5% debtors’ book write-off would have a 2% negative earnings-per-share impact for Foschini and Truworths and...

Infection Prevention - Life Fourways Hospital

Infection prevention Life Healthcare takes infection prevention seriously. It is a key priority, and to ensure the highest standards our comprehensive, well-entrenched infection prevention programme is aligned with evidence-based international best pra...

S.Africa's Omnia CEO resigns, finance director appointed as replacement

...d by the current group finance director. Seelan Gobalsamy, who has served in senior executive roles at institutions including Liberty Holdings, STANLIB Limited and Old Mutual, will assume the role of CEO with immediate effect. The company said de Lang...

OMNIA HOLDINGS LIMITED - Changes to the Board of Directors

...l business leader, who has assumed senior executive roles across Emerging Markets for close to 20 years at institutions such as Liberty Holdings, STANLIB Limited and Old Mutual. To further strengthen the Board composition, and to support the executive ma...

Challenges to free trade curb commodity demand

...l returns to investors from the mining sector are hitting a peak. While the company joined rivals including Rio Tinto Group and Anglo American plc in using the windfall from iron ores recent price gains to boost returns its annual earnings and dividends m...

VIDEO: Mayor officially launches Centurion taxi rank construction

...shwane mayor on Wednesday. In addition to mayor Stevens Mokgalapa, the ceremony was also attended by MMCs, metro officials and Redefine properties representatives. The new rank will be located on the corner of South Street and Hendrik Verwoerd Drive. Th...

JSE firmer as SA inflation slows

...well as Shoprite [JSE:SHP] which dropped 1.35% to close at R125.15. Other significant losses on the day were recorded for Exxaro Resources [JSE:EXX] which lost 2.03% to close at R134.46, MTN Group [JSE:MTN] which lost 1.56% to close at R102.55, and Anglo ...

MyPR.co.za: When unions are under pressure the LRA's teeth are bared

...nd fair democratic society. Violence and intimidation has been a big part of the strikes seen in South Africa. The latest Sibanye Gold strike was accompanied by a number of deaths allegedly associated with the strike. As Mcebisi Jonas writes, in his lates...

OMNIA HOLDINGS LIMITED - Changes to the Board of Directors

...ader, who has assumed senior executive roles across Emerging Markets for close to 20 years at institutions such as Liberty Holdings, STANLIB Limited and Old Mutual. To further strengthen the Board composition, and to support the executive management tea...

What will US recession mean for African markets

...an the tariffs and sanctions as it now poses the threat of economic hardships. With bond yields plummeting and weakening global markets, a recession for the U.S is more likely than ever according to some economists. So what will a U.S economic crisis mean...

Steinhoff, Pepkor prevented from selling shares in Tekkie Town

The matter is to be resolved either in discussion with Steinhoff, or in a court case - former CEO Bernard Mostert. DUDU RAMELA: Steinhoff suffered another bruising yesterday [Monday]. The Western Cape High Court prevented the company and its subsidiary, P...

GLOBAL MARKETS-Stocks rise with focus on stimulus; U.S. yield curve flat

... improved risk sentiment drove safe-haven yields higher while the yen and gold edged lower. There was muted reaction across markets to minutes from the late July meeting at the Federal Reserve. Policymakers debated cutting interest rates more aggressive...

Fitness saves lives - Are you up for making a difference?

FIBO Global Fitness Africa presented by Dis-Chem Pharmacies partners with Matrix Fitness and Hot Cares on Hot 91.9FM. The FIBO Africa CEO Bootcamp powered by Matrix Fitness aims to raise R91,900 for Hot Cares by challenging company CEOs and their staff to...

DStv cuts charges as rivalry heats up

...t to ward off competition in the Kenyan market by its biggest rival Netflix. Loading... Showmax is owned by Naspers - which is also behind pay-TV company MultiChoice. Using devices such as Android-based TV boxes - which connect to the Internet, ...

Chart Of The Day: Why Gold Is A Win-Win, No Matter What Happens In Markets

Gold is in a comfortable win-win scenario that's likely to see it rise whether monetary policy is eased by the U.S. Federal Reserve or not. Both lower interest rates and recession would boost the price of the yellow metal, historically viewed as the ultim...

GLOBAL MARKETS-Stocks lead risk rally amid stimulus, recession talk

...es on Fed minutes, Jackson Hole meeting for rate outlook * Renault (PA:RENA), Fiat tie-up hopes boost shares (Updates with U.S. markets, changes comments, byline, dateline from previous LONDON) By Rodrigo Campos NEW YORK, Aug 21 (Reuters) - A global equ...

Markets LIVE: Former Old Mutual exec appointed to Absa board

...d that the group's valuation ahead of its IPO was inflated, Iqbal Surve, the head of investment holding company Sekunjalo, said AYO had done nothing wrong. Breaking News Latest news right now Top news stories of the day Top news stories of the day...

#Loeries2019 Announces This Year's Finalists

...pse Public Relations & King James MAN IN A VAN NETFLIX NETFLIX DNA Brand Architects iLobola Nge Bhubesi AB inBev Lion Lager King James Group The 200 Year Old Sanlam Sanlam Impact BBDO Stop Dowrymongering UN Women UN Women The Jupiter Drawing Room, Cap...

NEPI ROCKCASTLE PLC - Results of annual general meeting

NRP 201908210056A Results of annual general meeting NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V JSE and Euronext share code: NRP ISIN: IM00BDD7WV31 (‘NEPI Rockcastle’ or ‘Company’) RESULTS OF ANNUAL...

How US-China trade war is disrupting commodity markets

The World Bank says agricultural prices are expected to fall 2.6 per cent this year on average, amid ample stocks but foresees a 1.7 per cent rise in 2020 on expected cuts in U.S. crop plantings and higher costs of energy and fertilizers. For a focus on t...

NEPI ROCKCASTLE PLC - Results of annual general meeting

Results of annual general meeting NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V JSE and Euronext share code: NRP ISIN: IM00BDD7WV31 ("NEPI Rockcastle or "Company) RESULTS OF ANNUAL GENERAL MEETING Shareh...

Look to overseas markets to grow your business

..., what is the secret to success and how did de Beer know that the international market was the best way to grow his business? "Firstly, the opportunity for major growth and international expansion needs to exist or you need to have the vision and abilit...

Debt relief law ‘no cause for alarm' for investors

Analysts say SA's big retailers, including The Foschini Group, Truworths and Mr Price, have already planned for the projected impact on their bad debt A new South African law bringing relief to overindebted, lower-income consumers is unlikely to deal as...

Day 3 judging finalists!

...norr TBWA\Hunt Lascaris Johannesburg Tweet Machine Standard Bank Brand Digitas Liquorice I See A New Perspective Distell Scottish Leader Digitas Liquorice Goodness Calendar Unilever Knorr TBWA\Hunt Lascaris Johannesburg Twitter Tug of War Datsun South Afr...

Omnia CEO resigns, finance director appointed as replacement

...ed by the current group finance director. Seelan Gobalsamy, who has served in senior executive roles at institutions including Liberty Holdings, Stanlib Limited and Old Mutual, will assume the role of CEO with immediate effect. The company said de Lange...

Booming blueberry industry eyes Asian markets

SA does not have access to key markets such as China and South Korea at a time when blueberry imports are growing phenomenally in Asia SA’s booming blueberry industry is looking to gain access to the Asian markets, saying this will create an additional 12...

#Loeries2019: Day 3 judging finalists!

...ey Advertising Africa (Pty) Ltd A Better Bunny Chow The Bowery Bunny Chows Sunshinegun Fabric of the Nation Castle Lager - ABInBev Castle Lager 500ml cans FCB Joburg (Pty) Ltd The Phonetic Can Coca-Cola Coca-Cola GRAPHIC DESIGN - POSTERS & ENVIRONMENT...

How South Africa's new debt relief bill will impact banks

...Group Ltd, the second-most exposed lender, could see a one-time blow to EPS of 9.8%, while FirstRand Ltd could lose 8.6%, Standard Bank Group Ltd 7.4% and Nedbank Group Ltd 6.5%. As unsecured loans account for just 8% of total unsecured advances by ban...

Barefoot and hurting; Steinhoff's socks to be sued off

If its shareholders look at Steinhoff’s assets and stakes in profitable companies, they could be fooled into thinking they’ll be getting something back. But it’s a shimmering mirage. Litigation threatens its very ability to continue operating. Christo Wi...

Empowering small-scale women farmers in SA

... Women in Farming, were from left: Dinah Mabokwane, Carol Sekgobela, Takalani Netshitenzhe (chief officer of corporate affairs, Vodacom Group), Anne Githuku-Shongwe (UN Women South Africa multi-country office representative), Mmule Madihlaba, Rachel Madih...

Audit firm rotation is being taken up on a voluntary basis

...r than simply a failure of the auditor. Irba is also involved in strengthening audit committees, which, in cases such as Steinhoff’s have failed to exercise proper oversight over audits. Agulhas suggested that Irba might set standards to enable auditors ...

KAP Industrial looks to BEE deal for value

DURBAN KAP Industrial Holdings investment of R7.8 billion in the last two financial years has failed to lift earnings in the year to end June after the diversified industrial group reported a 25percent decline in earnings impacted by costs of a broadbase...

Look to overseas markets to grow your business

... distribution and licencing partnerships with global brands Nexgrill and Kitchen Aid (licenced from Whirlpool) and opened markets in Europe, South America, the USA and Australia. This led to the establishment of Global Leisure Group, a partnership between...

GLOBAL MARKETS-Stocks lead risk rally amid stimulus, recession talk

* Eyes on Fed minutes, Jackson Hole meeting for rate outlook * Renault, Fiat tie-up hopes boost shares (Updates with U.S. markets, changes comments, byline, dateline from previous LONDON) By Rodrigo Campos NEW YORK, Aug 21 (Reuters) - A global equit...

Edge computing threatens Amazon's cloud business

...f dollars along the way. In fact, cloud computing has done more to fuel Amazon’s earnings in recent years than its e-commerce business. But there’s a threat looming on the horizon, quite literally at the edge of the network. With so many mobile devices a...

Asian markets drop as traders await Powell speech

... Reserve boss Jerome Powell at the end of the week. Rising hopes for China-US trade talks have provided a much-needed lift to markets over the past two days but with few fresh catalysts, dealers are keeping their powder dry ahead of Friday's address. ...

MIDEAST STOCKS-Most major Gulf markets fall, banks weigh on Saudi index

... lower second-quarter profit * Qatar ends winning streak By Maqsood Alam Aug 21 (Reuters) - Most major Gulf stock markets fell on Wednesday, with Saudi banking shares pushing that index down the most, amid rising regional geopolitical tensio...

KAP Industrial looks to BEE deal for value

KAP Industrial Holdings' investment of R7.8 billion in the last two financial years has failed to lift earnings in the year to end June.

SUPPORTING SA'S WOMEN IN BUSINESS

... South Africa women in early-stage entrepreneurial activity dropped by 15.7% in 2018. This essentially means that only 18.8% of business owners are female in the country, compared to 46.4% in Ghana, which is ranked as the country with the highest women-le...

GLENCORE PLC - GLN: Notification Of Major Share Holdings.

GLN: Notification Of Major Share Holdings. GLENCORE PLC (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 21 A...

Why sustainable IT equates to sustainable business

Although South African business leaders may feel somewhat besieged by bad news and murmurs of ‘unbearable’ Eskom tariff hikes, tech-fuelled innovation is providing business with new options to lower energy consumption. Such innovation and technological ...

Hype Cycle highlights technologies that will transform business

...ide more functionality to users, Mann added. The Hype Cycle identifies 24 key technologies and describes how they will impact business performance in Africa during the next 10 years (see Figure 1). Thirteen of these technologies will mature within the n...

KAP Industrial looks to BEE deal for value

KAP Industrial Holdings' investment of R7.8 billion in the last two financial years has failed to lift earnings in the year to end June.

Riverbed wins Sasol business

Through-the-line creative communications agency Riverbed has been selected as the corporate communications agency for Sasol following a recent pitch. Riverbed's PR division has seen significant growth against the back of the agency's ideas-led approach to...

20 August 2019

:18 PM Pieter Engelbrecht, Shoprite Holdings’ CEO discusses the sluggish economy the company finds itself in. National Treasury is seeking to curb Section 12J significantly, by implementing a R2.5m limit as part of the Draft Taxation Amendment Bill - Da...

Coega favoured as investments flow in - Port Elizabeth Business News

... Coega Development Corporation, has secured an additional 18 new investments valued at R2.6 billion Source: "Port Elizabeth business - BingNews . Eastern Cape MEC sees gaming as a source of revenue for the province : gaming could lead to an increase...

Resilient CEO sees ‘positive outcome' from FSCA investigation

...ter. The real estate investment trust (Reit) and linked companies Fortress, Nepi Rockcastle and Lighthouse Capital (formerly Greenbay Properties) were rocked by allegations of insider trading and share price manipulation last year that saw more than R100...

Harmony's losses narrow as production rises

..., it was 3% higher in rand terms. Production costs increased by 35% to R5.24 billion due to Moab Khotsong, which it bought from AngloGold Ashanti in 2017, as well as continuing production at Hidden Valley. It halved its basic loss per share to 498c due to...

Shoprite recovers after 'testing' year

...s presentation failed to raise confidence levels. Pick and Pay down 7%, Woolies down 4.75%, and so it goes. Dischem breaks R20, Steinhoff 95c and Discovery battling to hold R100. Blue Label -5%. -- David Shapiro (@davidshapiro61) August 20, 2019 Shopr...

BHP Billiton achieves new records

The figures prove that mining is a big industry. BHP Billiton’s results for the year to end-June are nothing short of astounding. Not only because the group announced that profit more than doubled, but also because of the sheer size of the numbers in the ...

Bunge CEO Sees Optimization Plan in Place by Mid-2020

...al Grain after dwindling returns and valuations drew takeover interest from rivals Archer-Daniels-Midland Co. and Glencore (LON:GLEN) Plc. Bunge has beaten earnings estimates in the past two quarters and its shares have outperformed those of ADM this year...

Business News - 20 Aug 2019

Mantashe says nuclear will be explored in cost-efficient ways, Shoprite describes its full-year as 'testing' and BHP sounds a warning around global growth.

KAP maintains dividend after tough year

...e industrial group has reported a 31% dip in net profit partly due to charges associated with an empowerment deal last year. KAP Industrial has spent the past year completing a number of expansion projects and bedding down acquisitions made since mid-2...

Steinhoff and Pepkor blocked from selling Tekkie Town shares

...t corporate form and prevents any sale or cession of its shares by its current owners The Western Cape High Court has prevented Steinhoff and its subsidiary, Pepkor Holdings, from selling or dealing in the shares of shoe retailer Tekkie Town, in a ruling ...

SA assets are helping Resilient bounce back in 2019

The property company is surviving the weakest SA retail environment in years Property company Resilient Reit will be wary of buying SA commercial property, which could hinder the steady progress of its local portfolio. Its board declared a final divid...

CR lawyer death mystery

...ler. The report said some of Farber’s other prominent clients included major banks such as Nedbank, Investec and Bidvest, and that it appeared from the leaked FNB statements that "Farber was running two attorneys trust accounts, one under the name of F...

Steinhoff and Pepkor blocked from selling Tekkie Town shares

...corporate form and prevents any sale or cession of its shares by its current owners The Western Cape High Court has prevented Steinhoff and its subsidiary, Pepkor Holdings, from selling or dealing in the shares of shoe retailer Tekkie Town, in a ruling ...

When unions are under pressure the LRA's teeth are bared

... and fair democratic society. Violence and intimidation has been a big part of the strikes seen in South Africa. The latest Sibanye Gold strike was accompanied by a number of deaths allegedly associated with the strike. As Mcebisi Jonas writes, in his lat...

Kings of local soccer: Mzansi's 5 richest football club owners

...nes in the mining industry and has a net worth estimated to be $2.9 billion according to Mzansi Diaries. The founder of African Rainbow Minerals acquired Sundowns in 2003 and is well-known for his philanthropy....

PROVIDENT FUND PAYS ONLY R 2000

...e from 1996 to 1999. But when she applied for the money from her provident fund she only got R2 000. WHAT I DID I spoke to Alexander Forbes to seek answers. SOLUTION Alexander Forbes’ Shamiela Johr said Mercia left the fund in 1996 and the full ...

You're the One! National Talent Search

...he value of R1m. You’re the One! is a multinational singing and instrumental competition to be hosted in selected malls of Attacq, Atterbury, Growthpoint and Hyprop across South Africa and Namibia and will provide a new stage for the Southern African P...

GLOBAL MARKETS-Safe havens rise as recession concerns trigger easing bets

... elections in Italy after the announced resignation of Prime Minister Giuseppe Conte added to global uncertainties, but Italian markets have been jittery over infighting within the coalition and Italian yields fell after the announcement. The key for ma...

Land Bank seeks collaboration with Black Business Council

The Land Bank is seeking a collaboration with the Black Business Council in providing emerging farmers with post finance support. The bank hosted a roundtable discussion on the bank's funding opportunities today in Johannesburg. Mbalenhle Mthethwa filed...

Foreign business owners at a loss

...n, had been running a successful spaza shop in Mapetla for eight years before last week. He was unsure how he would rebuild his business. Adimsu lost almost R300 000. "To open a shop is a lot of money. I’ve had the supermarket since 2011 and they’ve ta...

Nkosi means business

INSTINCT: Sbu Nkosi. Photo: Willem Loock/BackpagePix. Voice Sports Team | August 20, 2019 Sbu Nkosi proved that he means business in the Springboks’ 24-18 win over Argentina at Loftus last weekend. With Cheslin Kolbe preferred in the No.14 jumper, N...

Government, business let down Marikana victims

...es in this area since 2001, I suspected that additional, processual factors were at play. So I studied how interactions between business and government created the underlying conditions that gave rise to the massacre. I paid particular attention to two ke...

Cigna seeks sale of group benefits insurance business -sources

...avid French Aug 20 (Reuters) - U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. T...

Gender equality makes good business sense

...n are forging ahead in previously male-dominated sectors, with scores of influential women taking key positions in politics and business. Alongside this progress, we are seeing advances in women’s spending power that has fundamentally changed what compani...

Automation of CX the only way to grow business

...ng more with less. Working in an agile way. These phrases are typically mentioned when describing essential components of doing business in the digital age, writes Kevin South, Head of Digital & CX at SEACOM. Emerging technologies like cloud, robot...

Steinhoff 'clearly plotted' Tekkie Town transfer path - judge

The transfer path of Tekkie Town and its shares in late 2016 to Steinhoff subsidiary Pepkor (then known at Steinhoff Africa Retail or STAR) were clearly plotted before the first transfer took place, in the view of the Cape High Court. This is one of the...

A renewable tax boost for SA business - analysts

...r options mentioned. The maximum installation allowed is a system where less than 1MW is used for electricity generation by the business. As a general rule of thumb, Eskom says each megawatt of a coal power station’s capacity can supply around 650 average...

GLOBAL MARKETS: Big oil, big deal

Saudi Aramco will take a 20% stake in Reliance Industries' refining and petrochemicals business, marking the energy giant's latest expansion into the Asian refineries industry The long game When Austria sold a 3.5bn 100-year bond two years ago at a yield...

Harmony Gold hunts for deals amid depleting South Africa reserves

(Bloomberg) - Harmony Gold Mining Co. is assessing the acquisition of new assets, including AngloGold Ashanti Ltd .’s last underground operation in South Africa, as it seeks to replace depleting reserves. While gold output rose 17% in the year through ...

Drug & Alcohol Abuse school tour

...ting to create a country with responsible youth who grow up to be responsible members of society. Our sponsors this year were Sappi, Lightness Productions, S Hlatshwayo Attorney, WaterDynamix, StickIt, RM Construction, Sagatronics, Grand Rapid Spur, Atlan...

Asian markets mostly rise on optimism for trade, stimulus

Most Asian markets rose Tuesday on the back of hopes for central bank and government stimulus measures around the world, while investors were also cheered by further signs of easing tensions in the China-US trade war. Trading floors around the world hav...

SA assets are helping Resilient bounce back in 2019

The property company is surviving the weakest SA retail environment in years Property company Resilient Reit will be wary of buying SA commercial property, which could hinder the steady progress of its local portfolio. The company, which is recovering fr...

Bayer to sell its Animal Health business unit to Elanco

US-based company Elanco Animal Health has entered into a definitive agreement to acquire Bayer’s Animal Health business, Bayer announced recently. Transaction between Elanco and Bayer The transaction is valued at 7,6 billion US dollars, consisting of ...

Harmony Gold had eight fatalities in 2019 alone

...n gold production over the 2018/19 financial year thanks in part to its acquisition of Moab Khotsong in the North West from AngloGold Ashanti last year. In August 2018, the National Union of Mineworkers (NUM) threatened to go on strike at the Moab Khots...

Man struck by bus, left seriously injured in Claremont

...ng when he was struck by a bus at the Main and Ralph Road intersection in Claremont, Western Cape. ER24 paramedics, along with Life Healthcare, arrived on the scene at 08h20 to find the Metro Services already in attendance. On assessment, medics found t...

SA's deputy trade minister says govt must establish markets for SMEs

JOHANNESBURG - Deputy minister of trade and industry, Fikile Majola, has urged government to explore the idea of establishing markets for small business operators to trade their goods and products in South African townships, in a bid to revive the failing...

Armenia gives go-ahead to gold mine blocked by green activists

TBILISI, Aug 20 (Thomson Reuters Foundation) - The Anglo-American operator of a gold mine in Armenia that has been blocked for a year by environmental protesters said the government had given it the green light to restart work after a study found it posed...

Brian Joffe's Long4Life warns of lower half-year earnings

... partly because of lower trading profits from Chill Beverages, which makes the Fitch & Leedes drinks brand. Joffe, the Bidvest founder who also started and heads Long4Life, said at the group’s AGM on Tuesday that Chill Beverages had been "the area ...

GLOBAL MARKETS-Stocks inch higher as stimulus hopes spur tentative rebound

...n Hole symposium * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh By Tommy Wilkes LONDON, Aug 20 (Reuters) - Stock markets edged higher on Tuesday as investors welcomed signs that more monetary and fiscal stimulus was on its way, hoping more ...

One trapped in collision between three trucks

...the man to hospital for further treatment. All necessary authorities are on scene. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911 In other news Lady Zamar took to Twitter to address social media bullies Award-winning muso L...

#PODCAST: The Art of storytelling in your business

Since March 2019, the podcast "How I Built This" with Flying Kite's Charles Hsuan, interviews growing small-to-medium-sized business owners to find out about their journeys towards entrepreneurship success. Toni Rams and Charles Hsuan Hsuan was recently i...

NW mine helps boost Harmony's 2019 production

...over the 2018/19 financial year thanks in part to its acquisition of the Moab Khotsong Mining Operations in the North West from AngloGold Ashanti. Harmony Gold’s Chief Financial Officer, Boipelo Lekubo, tells OFM News this effectively resulted in a 23...

How to Make a Business Case for Content

For most CEOs, delivering against the core objectives of the organization is the top priority. Therefore, it is important for marketers to clearly understand larger organizational goals and map their work to them.

Two companies present offers in Jordan wheat tender

...AI, Aug 20 (Reuters) - Two companies have presented offers in Jordan’s 120,000 tonne wheat tender on Tuesday, traders said. Glencore and Nibulon are both particpating in the tender, for which results are due later Tuesday, they said. (Reporting by Maha ...

Harmony Gold seeks to acquire new assets amid depleting reserves

Harmony Gold is assessing the acquisition of new assets, including AngloGold Ashanti Ltd.’s last underground operation in South Africa, as the company seeks to bolster growth and replace depleting reserves. While gold output rose 17% in the year through...

Swan Securities' outlook for Mauritian markets

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Embattled Steinhoff sees shares fall below R1, despite creditor deal

(Bloomberg) - Steinhoff International Holdings NV slumped to fresh lows on Monday, even after the embattled global retailer secured a long-awaited restructuring agreement on about 9bn ($10bn) of debt. The stock fell 5.5% to 6 euro cents in Frankfurt, w...

Global markets calm down on talk of fiscal stimulus

... could instead wait for a formal vote to make it clear he is being unseated by the far-right Northern League. The key for markets now is whether pledges for more accommodative policy, either monetary or fiscal or a combination of the two, are enough to ...

WATCH: Two arrested for Blue Route Mall jewellery store robbery

...rom harming people who are shopping in the mall with their families According to Gavin Jones coastal asset manager of retail at Growthpoint Properties which manages 11 shopping centres in the Western Cape more robberies have taken place in the province th...

Kap Industrial keeps dividend unchanged as annual profit falls

...xpansion projects and tech investments, and those will be commissioned during financial year 2020 Kap Industrial, which counted Steinhoff as a major investor until March, has kept its annual dividend unchanged even as profits fell by nearly a third, partl...

S.Africa's KAP Industrial Holdings posts 25% fall in annual profit

KAP: 471 -16 (-3.29%) 20/08/2019 00:00 JOHANNESBURG, Aug 20 (Reuters) - South Africa's KAP Industrial Holdings on Tuesday reported a 25% fall in full-year profit citing the impact of an accounting change on a black economic empowerment transaction...

CEE MARKETS-Czech bond yields up from lows; regional currencies drift

...up about 2 basis points on the day. "It could be profit taking ... after such a big rally, one Prague dealer said, adding markets will take their cue from the ECB’s September meeting, when more policy easing is expected. The market is largely ignoring...

GLOBAL MARKETS-Safe-havens rise as recession concerns boost hopes...

(Updates prices with U.S. markets, changes comment, byline, dateline from previous LONDON) * Bank shares hit by prospect of lower rates * Focus shifting to Fed minutes, Jackson Hole symposium * Demand concerns drag oil prices lower By Rodrigo Campos ...

Steinhoff's legal woes leave little for those holding stock

Steinhoff International Holdings may have about 15bn (R255.1bn) of assets and stakes in profitable companies such as Pepkor Holdings, but you will not see that reflected in the share price. The market capitalisation of the embattled retailer languished a...

Argentina in red again, lagging steady Latam markets

...arked by worries about escalation in U.S.-China trade tension, recession worries and a slump in Argentina's assets, financial markets steadied as major economies including China and Germany unveiled plans to support growth. With the U.S. dollar slipp...

Inversion, submersion and dispersion

...nd 20% decline in Richemont. All three are big components of the local benchmark. This year, only Naspers and mining companies have performed well, the latter can still largely be viewed as a recovery from the pre-2016 rout in commodity prices, with the w...

Retailers struggle as JSE closes weaker

...ican Rainbow Minerals [JSE:ARI] advanced 2.335 to end the day at R164.25. Other significant gainers on the day included Sappi [JSE:SAP] which gained 1.23% to close at R44.57, Anglo American Platinum [JSE:AMS] which added 1.96% to close at R816.67, and B...

WE'RE HIRING: Economics writer, markets writer

...dly take note that should we do not respond to you in the next 21 days, you may regard your application as unsuccessful. Markets writer Reporting to: News editor/editor Department: Editorial Location: Johannesburg Position overview Business Day and...

Why Steinhoff is barred from selling its shares in Tekkie Town

...ormer Tekkie Town CEO and current CEO of Mr.Tekkie joins CNBC Africa to disclose the reasons behind the judgement which stopped Steinhoff from selling its shares in Tekkie Town. The Judge finally ruled that Tekkie Town did and does not exist for debt serv...

JOB AD: Economics writer, markets writer

Here's your chance to join the team at one of SA's most innovative publishers An ability to manage multiple stories simultaneously under strict deadlines and to weigh in quickly with smart analysis; Qualified applicants may submit their CV, cover lett...

Smart Media named Dis-Chem magazine partner

In-store advertising innovators has been appointed as the advertising sales partner for both the Dis-Chem Pharmacy Benefits and the Parent & Child Benefits magazines. The publications are quarterly (Spring/Summer/Autumn/Winter) with the next issues ou...

Drug & Alcohol Abuse school tour

...ting to create a country with responsible youth who grow up to be responsible members of society. Our sponsors this year were Sappi, Lightness Productions, S Hlatshwayo Attorney, WaterDynamix, StickIt, RM Construction, Sagatronics, Grand Rapid Spur, Atlan...

OCCUPATIONAL HEALTH BUSINESS FOR SALE

Sale includes 2 mobile booths and all medical equipment. Contact owner for selling price on 078-460-9302 or shamshaad@daohs.co.za

Nurturing strategic partnerships to build your business

Share this with your network You don’t build a big business on your own. As it grows bigger and faster, you need different kinds of partnerships to help you. Good business partners are crazy difficult to find, which is why these partnerships are of stra...

Business support systems and 5G

...n Sub-Saharan Africa by 2021, the fifth generation of cellular mobile communications is already impacting on the development of business support systems (BSS), with complex usage-cases that require integration with a wide range of other systems or complex...

Global markets calm down on talk of fiscal stimulus

...as investors dumped equities and poured their money into government debt and other safe-haven assets, some calm has returned to markets this week as traders welcomed talk of more stimulus in China and Germany. In early European trade, the pan-region Euro...

People in protest-hit Hong Kong eye Malaysia's second-home programme

KUALA LUMPUR (Reuters) - A Malaysian programme to attract wealthy foreigners to live in the Southeast Asian nation has drawn 251 applications from Hong Kong residents this year, compared with 193 approved last year from the Chinese-ruled city, a governmen...

Is Rosette Ncwana really dating an Oppenheimer?

... post. According to his bio, he is a member of South Africa’s Oppenheimer mining family - you know, the billionaires who own Anglo American-De Beers. "Today is the day you were brought into this world to be a blessing and inspiration to the people aroun...

Shoprite misses forecasts despite stronger home market

... * Rest of Africa reports trading loss of $17 mln (Adds details) By Nqobile Dludla JOHANNESBURG, Aug 20 (Reuters) - Shoprite Holdings missed full-year earnings forecasts on Tuesday, hit by inventory shortages in South Africa and currency deval...

GLOBAL MARKETS-Shares inch higher as stimulus hopes spur rebound

...as investors dumped equities and poured their money into government debt and other safe haven assets, some calm has returned to markets this week as traders welcomed talk of more stimulus in China and Germany. In early European trade, the pa...

A new chapter in state capture: the cult of Bosasa

...thor of Gangster State James-Brent Styan , a former financial and parliamentary journalist, is the best-selling author of Steinhoff: Inside SA’s Biggest Corporate Crash. Paul Vecchiatto has more than 16 years’ experience as a parliamentary correspo...

Cosatu pledges support for ANC investment proposal

...ney has always been invested in rescuing companies, using Edcon as an example. READ: Trade unionist testifies about ill-fated Steinhoff investment She said the main issue is to ensure correct management takes place at the state-owned enterprises. Losi sai...

Local films at the 27th Hilton Arts Festival

...resented by Hilton College and tiso blackstar in association with Grindrod, Black Coffee, Extreme Events, DWR, Absa, Bidvest Car Rental, FNB, KZN Dept of Art & Culture, BASA, Southern Sun PMB, Stella Artois, Redlands Hotel, Martizburg Sun, Caxton,...

Black-owned asset managers diversify into private markets

Black-owned asset management firms are introducing product offerings that cater towards increased interest from institutional investors towards real assets such as infrastructure and private equity. That's one of findings from 27four Investment Manager...

Inversion, submersion and dispersion

...nd 20% decline in Richemont. All three are big components of the local benchmark. This year, only Naspers and mining companies have performed well, the latter can still largely be viewed as a recovery from the pre-2016 rout in commodity prices, with the w...

Technologies that are set to transform African business

...ide more functionality to users, Mann adds. The Hype Cycle identifies 24 key technologies and describes how they will impact business performance in Africa during the next 10 years. Thirteen of these technologies will mature within the next two to 10 y...

Day 2 judging finalists!

...EKLAM HIZMETLERI A.S. Shirt LAND ROVER Apparel TBWA REKLAM HIZMETLERI A.S. Polo Shirt LAND ROVER Apparel Promise Boetie / Bhuti Ab InBev Castle Lager Promise I.T. Guy / It-Girl Ab InBev Castle Lager Promise Protestor / Professor Ab InBev Castle Lager Joe ...

Pair jailed for 21 years after bubblegum links them to R8m BAT heist

Durban Two men who pleaded guilty to robbing British American Tobacco South Africa (BAT) drivers and stealing their stock have received a total sentence of over 400 years collectively. Enock Richotso pleaded guilty to 12 counts of robbery with aggravatin...

#YMZStories: The Business of Sneaker Customisation - Black Faff

In this episode of #YMZStories we sit down with Thabiso Radebe, founder of Black Faff to breakdown their journey in the business of customising sneakers and collaborating with different brands. Black Faff has been in the business for years, and as a co...

Cosatu pledges support for ANC investment proposal

...ibility of using private and public pension funds to rescue the country's state-owned enterprises. Pension fund administrator Alexander Forbes has warned if these plans go ahead, there may be a financial exodus as people withdraw their retirements funds...

Harmony Gold seeks to acquire new assets amid depleting reserves

The Mponeng mine being sold by AngloGold is one possibility. Harmony Gold Mining is assessing the acquisition of new assets, including AngloGold Ashanti’s last underground operation in South Africa, as the company seeks to bolster growth and replace deple...

JSE subdued as global market caution prevails

....75% to R4.03, despite earlier saying it expected a decline in headline earnings per share for the six months to end-August. Naspers was up 0.85% to R3,427.86. gernetzkyk@businesslive.co.za...

KAP Industrial posts 25% fall in annual profit

Attributes fall to the impact of an accounting change on a BEE transaction. South Africa’s KAP Industrial on Tuesday reported a 25% fall in full-year profit citing the impact of an accounting change on a black economic empowerment transaction. Headline e...

Shoprite Holdings strike affects trading profit

DURBAN Shoprite Holdings reported a decline of 14.3 percent decline in trading profit to R6.9 billion for the year to end June negatively impacted by the strike in the first half of the year slow economic growth in the country and currency devaluations ...

Steinhoff shares hit new lows even after creditor deal reached

Shares fall below R1 for the first time on the JSE. Steinhoff International slumped to fresh lows on Monday, even after the embattled global retailer secured a long-awaited restructuring agreement on about 9 billion euros ($10 billion) of debt. The stock...

Day 1 judging finalists!

...nstitutional Eclipse Public Relations & King James Man in a Van Netflix Netflix DNA Brand Architects iLobola Nge Bhubesi AB inBev Lion Lager King James Group The 200 Year Old Sanlam Sanlam Impact BBDO Stop Dowrymongering UN Women UN Women The Jupiter ...