Market News

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How UN Women's global ‘HeforShe' initiative seeks to drive gender equality

The movement is gathering momentum globally and seeks to actively involve men and boys in a movement that was originally conceived as "a struggle for women by women". UN Women's ‘HeForShe' initiative Johannesburg - 9 October 2018 - Gender equality is a fundamental human right but remains a distant dream for many women worldwide. The United Nations' HeforShe is a solidarity campaign for the advancement of gender equality.

Griet Halloween 2018 Release Their Official Lineup Times - Here It Is and More

While Cape Town may be synonymous for its overwhelming amount of outdoor festivals occurring all summer long - there's holiday the Mother City doesnt really nail down too well - Halloween . Sure there are parties here and there but Gauteng, on the other hand, is the Halloween Capital with the countries biggest and best Halloween events taking place there. This year Griet in collaboration with Halloween SA and RAM will present Halloween 2018 - taking place at the massive sporting grounds - Loftus in Pretoria where festival goers can look forward to three spooky stages with one helluva line featuring both local and international talent.

BHP iron-ore output up, FY copper guidance trimmed

PERTH (miningweekly.com) - Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore, with record quarterly production reported from the Jimblebar mine, in the Pilbara, while port operations and rail network reliability in the region also improved.

Vector secures $35m in additional debt

PERTH (miningweekly.com) - ASX-listed junior Vector Resources has secured a $35-million debt funding for its Adidi-Kanga gold project, in the Democratic Republic of Congo. Dubai-based FT General Trading will provide the funding, which will be used for payments relating to the acquisition of the Adidi-Kanga project, the completion of a definitive feasibility study (DFS), and for the project's future potential development, Vector said.

De Beers loses its sparkle as rough diamond sales decline

The Ratings Game: Netflix downgraded at KeyBanc due to pace of spending and length of time for a return VBS Mutual Bank fraudsters must be brought to account - Sanco By IoL Business Report On 17 October 2018 · Leave a Comment De Beers, which is majority owned by Anglo American, yesterday reported its biggest decline in rough diamond sales this year.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

JSE opens in the red despite surge in international markets

Choppy rand affects banks negatively as Naspers loses ground while retailers slip ahead of August sales data The JSE opened weaker on Wednesday, just holding above 53,000 points, despite strong performances from global markets on Tuesday. Mediclinic was an early casualty on a disappointing trading update, plummeting nearly 20%, while Naspers was on the back foot again after closing higher on Tuesday. The Dow gained 2.

WATCH: Stock picks — Standard Chartered and AngloGold Ashanti

Nic Norman Smith from Lentus Asset Management chose Standard Chartered as his stock pick of the day and Greg Katzenellenbogen from Sanlam Private Wealth chose AngloGold Ashanti. Standard Chartered is listed in the UK, but is an Asian focused bank. Norman Smith said: "So as one can imagine with the negativity around China and there as been a substantial drop in its share price.

THE SHAKE-UP: Flaunting your wealth is okay, but only when acquired cleanly

JOHANNESBURG - Khosi Madzonga had it all: a helicopter, ski jaunts in Alaska, fleets of flashy cars and homes in some of the country's most sought-after addresses. So good did the young woman feel about her fortunes that she thought it extremely unfair to confine them to herself. She generously shared the joy with the world, posting endless images of herself and her possessions on social media.

Land sale doesnt add up

All Sectional Title Marketing Market Durban Industry Agricultural International Cape Town Johannesburg Pretoria Commercial Auctions Residential Cities and Towns Home Loans « TINY HOUSES ARE THE... | Main | Digitisation of... » Friday Oct 05, 2018 Land sale doesnt add up This week, Mayor Patricia de Lille asked City of Cape Town manager Lungelo Mbandazayo to initiate a forensic investigation into Site B on the foreshore, auctioned to Growthpoint Properties in 2016.

Samarco could begin partial production in 2020 after dam burst - Vale CEO

RIO DE JANEIRO - Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020, Vale's CEO said on Tuesday. Samarco halted operations in late 2015 after one of its dams collapsed, killing 19 people and causing one of Brazil's worst ever environmental disasters. The incident happened when the dam, designed to hold back mine waste from the Samarco iron pellets operation in Mariana, burst and unleashed a trail of destruction across hundreds of kilometers in Minas Gerais and Espírito Santo states.

Attacq, Tricolt to launch first high-rise luxury apartments in Waterfall City

Attacq has partnered with property development company Tricolt to launch Ellipse Waterfall, the first high-rise luxury apartments in Waterfall City. The development is comprises four towers, the Newton, Kepler, Da Vinci and Galileo, totalling 590 apartments. The first phase of development is set to be completed by 2021.

Griet Halloween 2018 Release Their Official Lineup Times - Here It Is and More

While Cape Town may be synonymous for its overwhelming amount of outdoor festivals occurring all summer long - there's holiday the Mother City doesnt really nail down too well - Halloween . Sure there are parties here and there but Gauteng, on the other hand, is the Halloween Capital with the countries biggest and best Halloween events taking place there. This year Griet in collaboration with Halloween SA and RAM will present Halloween 2018 - taking place at the massive sporting grounds - Loftus in Pretoria where festival goers can look forward to three spooky stages with one helluva line featuring both local and international talent.

WATCH: Rand benefits from surging stock markets

Here's What to Say When People Tell You Not to Be India's got 4G everywhere. So why's video streaming rubbish? By IoL Business Report On 17 October 2018 · Leave a Comment Get the latest market update and top stories from our newsrooms across South Africa, Africa and the world.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Asia Markets: Asian markets jump following Wall Street's big gains

Facebook denies new claim it kept lid on video metrics problem Source: Astros Were Not Cheating Against Red Sox In Game 1 Of ALCS By MarketWatch.com - Top Stories On 17 October 2018 · Leave a Comment Asian stock markets were sharply higher in early trading Wednesday, following even-bigger increases Tuesday on Wall Street.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Fin24.com | Follow Markets LIVE: Jeff Bezos $4.7bn richers on US stocks surge

7 things you need to know today How are lego emotions changing? Help us find out. By fin24.com On 17 October 2018 · Leave a Comment Welcome to Fin24's inaugural Markets LIVE blog, a one-stop shop for our users to keep up to date with the day's markets and business news.

Dollar gains for a second day as markets eye Fed minutes

* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Saikat ChatterjeeLONDON, Oct 17 (Reuters) - The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before the release of Fed minutes later in the day.Still, moves were muted in currency markets, contrary to the big gains in global stocks and drops in government bond yields in markets such as Italy.

JSE opens in the red despite surge in international markets

Choppy rand affects banks negatively as Naspers loses ground while retailers slip ahead of August sales data The JSE opened weaker on Wednesday, just holding above 53,000 points, despite strong performances from global markets on Tuesday. Mediclinic was an early casualty on a disappointing trading update, plummeting nearly 20%, while Naspers was on the back foot again after closing higher on Tuesday. The Dow gained 2.

Emerging markets suffer, whether prudent or not

You can do the right thing and still be punished, at least for a while. When most of the big powers are tightening the reins, emerging-market economies are going to suffer. It's true for the frugal nations as well as the profligate.

Gareth Ackerman urges business to speak up about damage to economy

THETO MAHLAKOANA: Structure of Nedlac keeps vital voices away from the table Nugent: Sars revamp benefited tax dodgers Gareth Ackerman urges business to speak up about damage to economy By Business Day On 17 October 2018 · Leave a Comment Pick n Pay chairman Gareth Ackerman says the private sector needs to step out of the shadows and do what it can to halt the damage politicians have been inflicting on the economy. Ackerman, whose father Raymond founded Pick n Pay more than 50 years ago, said on Tuesday that politics had "wreaked havoc on the economy and we must endeavour to not let the run-up to the [2019] election do any more damage".   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

BitCo home and business fibre promotion at 2018 MyBroadband Conference

Oct 17th, 2018 BitCo Telecoms is coming to the 2018 MyBroadband Conference on 18 October at Gallagher Estate, Midrand with promotional offers no one can resist. Home fibre promotion BitCo recently launched home fibre and will be offering MyBroadband Conference delegates the chance to save of up to R3,600 when signing up. When selecting a 50Mbps, 100Mbps or 200Mbps line speed, installation and activation will be at no charge - which means you save R2,224.

10 traits that make for a good small business leader

Small to medium businesses make up 91% of South Africa's formalised businesses . They create 60% of all jobs and contribute to around 34% of the GDP. This ability to catalyse economic impact is why effective leaders of small businesses play such an integral role.

Zambian power firm CEC divests from telecoms business

Copperbelt Energy Corp (CEC) has sold its 50% stake in CEC Liquid Telecom to Pan-African telecoms group Liquid Telecommunication Holdings, the power firm said on Tuesday. CEC, Zambia's main supplier of power for its mines, and Liquid Telecom were equal partners in the joint telecoms firm since 2011, which is a market leader and has been rolling out a fibre optic network across Zambia. The power firm did not disclose the amount it sold its stake for or why it had decided to dispose of its investment.

Gaming is a big business in SA

Computer gaming has evolved dramatically in the last two years, as it follows the money,.

Gaming is a big business in SA

The clue that gaming has become big business in South Africa was delivered by a nongaming brand. When Comic Con, an American popular culture convention that has become a mecca for comics enthusiasts, was hosted in South Africa for the first time last month, it used gaming as the major drawcard. More than 45 000 people attended.

Mayor's team, chamber get down to business

Key stakeholders meet to discuss economic development of the metro Key stakeholders meet to discuss economic development of the metro The Nelson Mandela Bay Chamber and members of the mayoral committee, including mayor Mongameli Bobani, met on Tuesday to discuss economic development in the metro, including tourism, expansion of the airport and a one-stop-shop for investors..

Midlands business worming its way into great compost36m ago | NETWORK

Durban - On a sprawling farm overlooking a lush Midlands valley, John Brash and Brett Shaw are creating a lucrative business revolving around worms. The Castings Project was formed about two years ago and has three board members. In December they started their enterprise with one inverted tyre of worms - about 90kg of the delightfully named red wrigglers from Australia - snuggled into a blanket of compost, which have multiplied into a ton, or about 1000kg of the squirming critters.

Hard for Gold Fields to walk from South Deep whilst it is making losses

By David McKay - October 16, 2018 Share on Facebook Tweet on Twitter South Deep mine GOLD Fields CEO, Nick Holland's call on shareholders last week to exercise "patience" in respect of the firm's South Deep mine may be a precursor to eventually exiting from the operation and, in so doing, finally bringing the curtain down on the firm's long-standing exposure to South African gold mining. "They are now very impatient, and one can understand it but I think we need to calmly look where we are and evaluate the best way forward," said Holland in an interview with Bloomberg News regarding ongoing losses at South Deep. "There is a large resource base there, it's well-drilled and we have spent a lot on infrastructure development costs.

De Beers posts eighth sight sales of $475m, says overall demand is "steady"

DE Beers, Anglo American's 85%-owned diamond producer, sold an estimated $475m in diamonds in its eighth sight or ‘cycle' of the year, a year-on-year increase of $99m. Sales reflected "steady overall demand", said Bruce Cleaver, CEO of De Beers Group. Sales in the eighth sight of 2017 totalled $376m.

FORTRESS REIT LIMITED - TRP121: Notification of an acquisition of beneficial interest in securities

FFB FFA FIFB11 FIFB14 FIFB12 FIFB15 FIFB08 FIFB10 FIFB09 201810160038A TRP121: Notification of an acquisition of beneficial interest in securities FORTRESS REIT LIMITED (previously Fortress Income Fund Limited) (Incorporated in the Republic of South Africa) (Registration number 2009/016487/06) JSE share codes: FFA ISIN: ZAE000248498 FFB ISIN: ZAE000248506 Bond Company code: FORI (Approved as a REIT by the JSE) (‘Fortress') TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES In compliance with section 122(3)(b) of the Companies Act, No 71 of 2008 (‘the Companies Act'), regulation 121(2)(b) of the Companies Act Regulations 2011 and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Fortress has received notification from Public Investment Corporation SOC Ltd (‘PIC') of the acquisition by PIC of Fortress A ordinary shares, such that PIC now holds 10.442% of Fortress' A ordinary shares in issue.

Private, public collaboration ‘key to address health disparities'

Section 27 executive director Mark Haywood slammed both government and the private healthcare sector on their failure to redress health imbalances. 54 mins ago Out of 55.5 million people, 40 million South Africans - among them the elderly with no income, children, the unemployed and unemployable - are solely dependent on the public healthcare system, says Netcare Limited director for strategy and health policy Melanie da Costa.

Morris returns for Proteas limited-overs tour to Australia

CAPE TOWN, SOUTH AFRICA - JANUARY 02: Chris Morris during the South African national cricket team training session at PPC Newlands on January 02, 2018 in Cape Town, South Africa. (Photo by Shaun Roy/Gallo Images/) Chris Morris returns from injury to the Proteas squad for the three-match ODI series and the one-off T20I to be played in Australia at the end of this month. Morris was sidelined by injury for the most recent series against Sri Lanka but had been a regular selection for the Proteas in white-ball cricket previously, having played in 14 ODIs in 2017 and all five against India at the start of this year.

UPDATE 1-UK Stocks-Factors to watch on Oct 17

(Adds company news items, futures) Oct 17 (Reuters) - Britain's FTSE 100 index is seen opening up 27 points higher at 7,087 on Wednesday, according to financial bookmakers, with FTSE 100 futures up 0.4 percent ahead of the cash market open. * ASOS: British online fashion retailer ASOS narrowly beat forecasts with a 28 percent rise in 2017-18 profit, maintained guidance for its new financial year and said its potential was "huge".

UK Stocks-Factors to watch on Oct 17

Oct 17 (Reuters) - Britain's FTSE 100 index is seen opening up 27 points higher at 7,087 on Wednesday, according to financial bookmakers. * BHP: The world's biggest miner, BHP, said on Wednesday its first-quarter iron ore production rose 8 percent on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production, citing outages at key mines. * ANGLO AMERICAN: Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December and a planned ramp-up to 26.

Fake news websites are still making money off Google Adsense

Search giant Google has been identified as a major enabler for the proliferation of disinformation, or "fake news", websites… Its advertising platform, Google Adsense, provides several of these websites with the means to make money using the adverts it displays on their sites. Despite claiming extensive policies governing the use of its platform, it appears Google is either unable, or unwilling, to adequately address the abuse of its platform. After Coronation Fund Managers had their advertising agency report one such website to Google, the website continued using Google Ads for another month.

World's top miner embracing the boom in electric car batteries

BHP Billiton is boosting sales of the top-quality nickel that's needed for electric vehicle batteries. BHP Billiton is boosting sales of the top-quality nickel that's needed for electric vehicle batteries, another sign the world's biggest miner is targeting more opportunities in the booming sector. Sales of refined nickel, a category that includes the premium products used for battery production, jumped 18% in the three months to September 30 from a year earlier, according to a statement Wednesday.

Private, public collaboration ‘key to address health disparities'

Out of 55.5 million people, 40 million South Africans - among them the elderly with no income, children, the unemployed and unemployable - are solely dependent on the public healthcare system, says Netcare Limited director for strategy and health policy Melanie da Costa. Addressing the Forbes-Philips Future of Health Summit on the state of healthcare in South Africa yesterday, Da Costa said collaboration between the private and public health sector was key in addressing health disparities in the country where government sought to bring into the fold people who were not medically insured and unable to afford cover through the National Health Insurance (NHI).

Sybrin has a new location

Sybrin, a multinational ICT company that offers a wide range of end-to-end software solutions built on its low-code business digitisation platform, has moved premises. Founded in 1991, Sybrin has more than 600 software installations in 21 countries, with a staff complement of over 240. Sybrin is part of the EOH Group, the largest ICT service provider in Africa and a leader in technology and business services.

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

16TH OCTOBER 2018 BY: REUTERS SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ RIO DE JANEIRO - Anglo American should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5-million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner's Brazil chief said on Tuesday. The company halted production at its Minas Rio mine after two leaks in March in a pipeline that channels slurry more than 500 km from the mine in Minas Gerais state to a port in Rio de Janeiro state.

Steinhoff: This is why things went so very, very wrong

The Steinhoff fall was partly brought on by corporate greed, arrogance and entitlement, delegates at the Certified Fraud Examiner African Conference in Sandton heard on Tuesday. Professor Daniel Malan from the Centre for Corporate Governance at the University of Stellenbosch said the board of directors running the retailer were described as "a club of friendship and trust" - which is "not the way you want to describe a board of directors of a multinational organisation"..

Sub Saharan borrowers unfazed by Emerging Markets turbulence

LONDON — There are advantages to coming off a low base. As their financial sectors start catching up to the world's more sophisticated markets, Sub Saharan African countries have been growing their global borrowing presence. So how have they been impacted by recent rocking of the Emerging Market boat through the well documented crises in Argentina and Turkey.

GLOBAL MARKETS-Asia shares echo Wall St cheer, China more muted

* Asian stock markets: tmsnrt.rs/2zpUAr4 * Nikkei up more than 1 pct, but China stocks lag * Netflix surges on strong results, lifts FANG sector * Dollar mixed as risk sentiment favours emerging markets By Wayne Cole SYDNEY, Oct 17 (Reuters) - Asian equities got some welcome relief on Wednesday after upbeat U.S.

Asian markets stage rally after strong Wall St lead

Asian markets staged a much-needed rally on Wednesday as investors tracked Wall Street's best performance in more than six months thanks to a healthy round of earnings reports. Bargain-buyers took advantage of the strong readings from some of the world's top firms to step back into the mix, with a dip in US Treasury yields and a US announcement of trade talks with Japan, the EU and Britain helping sentiment. The news helped distract from long-running worries about the trade war between China and the United States that shows no sign of abating.

Markets LIVE: Dow surges over 2%, rand firms below R14.20/$

Asian markets staged a much-needed rally on Wednesday as investors tracked Wall Street's best performance in more than six months thanks to a healthy round of earnings reports. However, "perhaps a bit surprising is that local equity markets are not exactly knocking it out of the park this morning". "I suspected they would take their lead from the US equity froth.

Creating Your Own Successful Bitcoin Business-Part 47

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Creating Your Own Successful Bitcoin Business-Part 47

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Gigaba's rules have really hurt my business

More than 30 of his clients have been off-loaded at various airports around the world due to South Africa's much-criticised travel restrictions. He has also personally paid thousands of rands to compensate clients for damages suffered as a result, tour and safari operator Holger Jensen of Jensen Safaris has told Moneyweb. This has had a devastating effect on his 38-year-old business and has left South Africa's reputation as a tourist destination in tatters, he says.

PSG has big plans for retirement villages

Investment company PSG Group said on Tuesday it had ambitious plans to make its newly acquired property company a premium retirement hotspot. PSG bought a 50% stake in Evergreen, which is part of the Amdec Group, in September 2017. The retirement village investment recently secured four new properties to develop.

PE Business News: Investment Corporation Dubai invests R355m in SA game reserve

PE : Investment Corporation Dubai invests R355m in SA game reserve : Promote your business on BuyPE and MyPR. Investment Corporation Dubai invests R355m in SA game reserve: DURBAN - The Investment Corporation Dubai, is investing R355.5 million to upgrade the Shamwari Private Game Reserve in Port Elizabeth, Eastern Cape.

Gareth Ackerman urges business to speak up about damage to economy

Pick n Pay chairman Gareth Ackerman says the private sector needs to step out of the shadows and do what it can to halt the damage politicians have been inflicting on the economy. Ackerman, whose father Raymond founded Pick n Pay more than 50 years ago, said on Tuesday that politics had "wreaked havoc on the economy and we must endeavour to not let the run-up to the [2019] election do any more damage". "Business's voice has been mute for too long, the truth of it is that the economy has run out of road," he said.

JAMAL KHASHOGGI: Assassination of journalist, world returns to normal business

When President Trump perceives that his own interests are threatened, he will say pretty much anything, regardless of how outrageous it sounds.Photograph by Brendan Smialowski / AFP / Getty Donald Trump, Jamal Khashoggi, and the Post-Truth World By John Cassidy, THE NEW YORKER Donald Trump has been lying for so long now, and on such a regular basis, that it's easy for people to get blasé about it. That is playing into his hands.

GLOBAL MARKETS-Asia shares rally as Wall St bounce relieves

* Asian stock markets : tmsnrt.rs/2zpUAr4 * Nikkei rallies more than 1 pct after Wall St bounce * Netflix surges on strong results, lifts FANG sector * Dollar mixed as risk sentiment favours emerging markets By Wayne Cole SYDNEY, Oct 17 (Reuters) - Asian equities got some much needed relief on Wednesday after upbeat U.S.

PRESS DIGEST- British Business - Oct 17

Oct 17 (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 British trade minister Liam Fox suggested on Tuesday that the UK may end up staying in transition for a "few more months" beyond the end of December 2020, according to a source.

The Wall Street Journal: Interim CEO of USA Gymnastics quits amid fallout of anti-Nike tweet

Jack Dorsey on Twitter's Role in Free Speech and Filter Bubbles Richemont clarifies its dividend tax position By MarketWatch.com - Top Stories On 17 October 2018 · Leave a Comment Four days after being named interim president and CEO of the embattled USA Gymnastics federation, Mary Bono resigned after a recent tweet surfaced in which she criticized U.S.

Papa John's taps Havas Media as integrated media agency of record

Richemont clarifies its dividend tax position Market data - October 16 2018 By Advertising Age On 17 October 2018 · Leave a Comment Papa John's said it has tapped Havas Media as its new integrated media agency of record. The pizza chain says the decision, effective Oct. 1, comes after a competitive review.

VBS Volume 1 - let's explore any potential crimes

Last week the Reserve Bank released ‘Volume 1' (suggesting other volumes might follow) of a report entitled ‘VBS Mutual Bank — The Great Bank Heist'. The report was compiled by a team of investigators led by Advocate Terry Motau (SC). The report does not contain extensive legal analysis of the possible criminal offences committed by participants in the heist and does not make findings of criminal guilt.

REPORTER'S NOTEBOOK: Tito Mboweni comes to Parliament to talk VBS scandal and multiple failures that made it possible

Tito Mboweni is sworn in as South Africa's new finance minister on 9 October 2018. Photo: Leila Dougan Finance Minister Tito Mboweni said on Tuesday that it was ‘a huge concern' that South Africa was failed by VBS Mutual Bank external auditors - a clear reference to KPMG, which again finds itself amid scandal - but also the internal auditors, the bank's board compliance committee and a host of others, who should have spoken up and did not. Mboweni's comments in Parliament were unusually candid.

Anglo sees Minas Rio ramp-up target reached around 2021

(Adds no immediate comment from Bahrain Steel, Prumo)By Alexandra AlperRIO DE JANEIRO, Oct 16 (Reuters) - Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December and a planned ramp-up to 26.5 million tonnes per year is likely to be reached in 2021, the miner's Brazil chief said on Tuesday.The company halted production at the Minas Rio mine after two leaks in March in a pipeline that channels slurry more than 500 km (310 miles) from the mine in Minas Gerais state to a port in Rio de Janeiro state.

Market data - October 16 2018

Richemont clarifies its dividend tax position Market data - October 16 2018 By Business Day On 17 October 2018 · Leave a Comment Market data including bonds, unit trusts and fuel prices   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

PSG still sees significant growth potential in SA

… despite prevailing conditions and sub-par economic growth prospects. PSG Group, the investment holding company behind market darlings Capitec and Curro, still sees significant growth potential in South Africa despite trading conditions hampered by sub-par economic growth. "The reality is that if you look at many of our core companies within the group, they still have fairly small market shares - and you can grow, even in a constrained or difficult environment, by taking market share," says PSG Group CEO Piet Mouton.

How do local equity managers stack up against the index?

It depends which index you use. The 12 months to the end of June this year was a tough period for the local stock market. After the rally on the JSE in the second half of last year, a lot of those gains were given up in 2018.

Richemont clarifies its dividend tax position

Sars will ensure the full 20% dividends tax is deducted. South African investors in stocks that have a primary listing elsewhere, such as Richemont, British American Tobacco, and Anheuser-Busch, will know that claiming back the difference paid in dividend withholding taxes can be an administrative nightmare. Swiss-headquartered Companie de Financiere Richemont is particularly aware of the challenges involved and goes to some lengths to keep shareholders informed of the steps necessary to claim the tax back in their particular jurisdiction.

Growing retirement capital to maximum potential

Jaco van Tonder of Investec Asset Management shares some guidelines on how to ensure that your retirement income lasts a lifetime. Content hosted by iono.fm NOMPU SIZIBA: If you're a pensioner or you're about to get there, you need to consider whether your retirement fund will be properly invested to grow the capital to its maximum potential, given that these days people can live so much longer.

Fin24.com | PSG pleased with results despite demanding conditions

Digital ads have gotten too aggressive and intrusive for some people The New DIY: Custom Fine Jewelry By fin24.com On 16 October 2018 · Leave a Comment JSE-listed investment holding company PSG Group says it has weathered demanding economic conditions during the six months to August 2018.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Sibanye-Stillwater vaults as much as 22% on another day of gold...

SHARES in Sibanye-Stillwater climbed by more than a fifth during mid-morning trade on the Johannesburg Stock Exchange today - a development the company said was reflective of its "better outlook". "We are recovering from the significant negativity from the first quarter and the market is starting to reflect the better outlook," said James Wellsted, head of investor relations for the firm which was 17.6% stronger at the time of writing but appeared to be correcting.

Northam set fair for year of debt reduction, helped by stronger PGM basket price

NORTHAM Platinum's efforts to cut debt were progressing as planned assisted by an R8,000 per platinum ounce improvement in the basket price which had also decreased the likelihood of further consolidation in the platinum sector in South Africa. The PGM basket was worth some R30,000 per platinum oz compared to R22,000/oz previously. "We are cutting debt pretty much as we guided," said Paul Dunne, CEO of Northam in a roundtable with media.

Has the water crisis made SA's business more resilient?

In One Chart: How Corporate America's lobbying on tariffs has surged — in one chart Gold is good. Gold is strong. Populist governments in Eastern Europe are stockpiling it By Business Day On 16 October 2018 · Leave a Comment Smaller firms are more resilient than larger ones, which often have higher levels of inertia and resource rigidity than smaller ones, writes Hamieda Parker   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Business success in Zimbabwe no longer hinges on political connections: DIDG

Fin24.com | It's up to the boss, Kingon says on heading SARS permanently How Storytelling Can Help Young Doctors Become More Resilient By IoL Business Report On 16 October 2018 · Leave a Comment DIDG executive chairperson says under Robert Mugabe, political clout was the ingredient for success in business and to get lucrative tenders.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

RIO DE JANEIRO - Anglo American should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5-million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner's Brazil chief said on Tuesday. The company halted production at its Minas Rio mine after two leaks in March in a pipeline that channels slurry more than 500 km from the mine in Minas Gerais state to a port in Rio de Janeiro state.

Tastic Rice and Rise Against Hunger partner for #WorldFoodday to end world hunger

JOHANNESBURG -  Tastic Rice and Rise Against Hunger (RAH) have partnered for World Food day to distribute food and aid the global hunger relief organisation with the aim of ending hunger by 2030.  Tastic Rice has committed to providing enough rice to pack meals for a year, equating to more than 5 million meals for the less fortunate in 2019.  On World Food Day, Tastic Rice has taken up the challenge to pack their first 10 000 meals in just 60 minutes and these food parcels will be distributed to Early Childhood Development Centres across South Africa.

Stocks rebound with earnings in focus; oil little changed

* U.S. Treasury yields little changed after last week's run-up* Sterling up after wages post steep gains (Updates prices, comment)By Rodrigo CamposNEW YORK, Oct 16 (Reuters) - Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

RIO DE JANEIRO, Oct 16 (Reuters) - Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner's Brazil chief said on Tuesday.The company halted production at its Minas Rio mine after two leaks in March in a pipeline that channels slurry more than 500 km (310 miles) from the mine in Minas Gerais state to a port in Rio de Janeiro state.

Med crude-Urals diffs in NWE stay weak, CPC Blend edge lower

MOSCOW, Oct 16 (Reuters) - Urals crude differentials in northwest Europe were stable on Tuesday after losing 90 cents a barrel in the previous trading session, while CPC Blend estimates edged lower. Urals crude exports and transit shipments from the Baltic Sea ports of Primorsk and Ust-Luga between Nov. 1 and 6 will rise to 1.

A business born from the arts hub

JOHANNESBURG - A young businessman who refused to quit has started a diversified production company as a creative vehicle to venture into entrepreneurship. Clive Mathibe is co-founder and creative director of 2nd Round Productions, based in the arts hub of Newtown in Johannesburg. He established the company with Tlhapang Petso in 2012 and were later joined by business partners Lebohang Toko and Chateau Matjila.

Zambian power firm CEC divests from telecoms business

LUSAKA (Reuters) - Copperbelt Energy Corp (CEC) has sold its 50 percent stake in CEC Liquid Telecom to pan-African telecoms group Liquid Telecommunication Holdings Ltd., the power firm said on Tuesday. CEC, Zambia's main supplier of power for its mines, and Liquid Telecom were equal partners in the joint telecoms firm since 2011, which is a market leader and has been rolling out a fibre optic network across Zambia.

GLOBAL MARKETS-Stocks rebound with earnings in focus; oil little changed

* U.S. Treasury yields little changed after last week's run-up * Sterling up after wages post steep gains (Updates prices, comment) By Rodrigo Campos NEW YORK, Oct 16 (Reuters) - Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.

PSG pleased with results despite demanding conditions

JSE-listed investment holding company PSG Group [JSE:PSG] said on Tuesday it has weathered demanding economic conditions during the six months to August 2018, with recurring earnings per share increasing by 22% to R5.03 compared to R4.12 in 2017.

GLOBAL MARKETS-Stocks rebound with earnings in focus; oil little changed

* U.S. Treasury yields little changed after last week's run-up * Sterling up after wages post steep gains (Updates prices, comment) By Rodrigo Campos NEW YORK, Oct 16 (Reuters) - Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.

WP teen Bird blasts maiden century to earn place in SA cricket history

JOHANNESBURG - Jonathan Bird became the youngest player in South African cricket history to have scored a senior List A century on debut when he blasted 104 for Western Province against Easterns at WPCC on Sunday. He was one of three centurions for Western Province over the weekend, whose performances were hailed by WP coach Paul Adams. Bird scored his century while just a tender 17 years and 186 days old in his maiden senior List A appearance.

Kumba invests heavily on women, youth to drive growth

Increased procurement from local suppliers is one of the demands government has made to mining companies in the newly released mining charter. JSE listed Kumba Iron Ore has been at the forefront of black economic empowerment but what about local supplier development? Themba Mkhwanazi, CEO of Kumba Iron Ore joins CNBC Africa for more..

US corporate earnings provide catalyst for stock gains

The JSE closed firmer on Tuesday as global stocks shifted their attention to earnings releases from giants such as Goldman Sachs and Morgan Stanley. Despite the Chinese mainland benchmark struggling, gains were recorded for the Nikkei and the Hang Seng which firmed by 1.25% and 0.

Hottest JSE-listed shares to buy, right now

Every Monday on The Money Show , Bruce Whitfield asks an investment professional to share what she or he is buying. This week he interviewed Ashraf Mohamed, a Portfolio Manager at Arqaam Capital. Mohamed believes these are the best buys right now: African Rainbow Minerals Bidvest For more detail listen to the interview in the audio below.

Tough markets hit BlackRock results; shares slump 4 percent

(Adds details on results, CEO quote)By Trevor HunnicuttOct 16 (Reuters) - BlackRock Inc reported a better-than-expected quarterly profit on Tuesday, helped by lower taxes, but the company's sales growth sank as investors cut risk in their portfolios.The company's revenue and earnings before interest and taxes nonetheless fell short of Wall Street's estimates as BlackRock reported its lowest sales of equity, bond and other long-term investments since the second quarter of 2016.Investors pulled money from the asset manager's institutional stock index funds, while putting more into ostensibly lower risk bond funds and continued to flock to its booming iShares exchange-traded funds (ETFs) business as a low-cost way to access the market.

Wells Fargo to shift European investment banking business to Paris as Brexit looms

(Adds details of London headcount, shares)Oct 16 (Reuters) - Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.The San Francisco-based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London.The company said a new subsidiary based in Paris would provide capital markets and investment banking services for European and international customers who require access to the EU and the European Economic Area.

Has the water crisis made SA's business more resilient?

Smaller firms are more resilient than larger ones, which often have higher levels of inertia and resource rigidity than smaller ones, writes Hamieda Parker Disruptions such as the Western Cape drought can make businesses more resilient. According to research from the UCT Graduate School of Business (GSB), businesses that are able to adapt to one crisis are more likely to be able to survive multiple disruptions. The City of Cape Town recently announced that it would be relaxing the strict water restrictions for residents as well as commercial and industrial users following good winter rain and with local dams more than 70% full.

Zambian power firm CEC divests from telecoms business

LUSAKA, Oct 16 (Reuters) - Copperbelt Energy Corp (CEC) has sold its 50 percent stake in CEC Liquid Telecom to pan-African telecoms group Liquid Telecommunication Holdings Ltd., the power firm said on Tuesday. CEC, Zambia's main supplier of power for its mines, and Liquid Telecom were equal partners in the joint telecoms firm since 2011, which is a market leader and has been rolling out a fibre optic network across Zambia.

Business Pick n Pay store card: debt trap or helping hand? By Thandi Skade

Pick n Pay store card: debt trap or helping hand? Print this articl Could Pick n Pay's store card lead consumers into deeper debt? When Pick n Pay initially announced the launch of its credit offering in the form of a store card, the reaction was mixed. Cash-strapped consumers welcomed the relief and signed up for a credit account en masse.  Within seven months of launch, 56 000 consumers had signed up for an account, with the retailer extending a whopping R1 billion in credit by April this year.

Money flies across tarmac as business jet show kicks off

On the eve of the world's largest business jet show, deals began in earnest as planemakers polished plans for supersonic jets and unveiled new luxury aircraft featuring high-speed WiFi and hot showers at 40,000 feet. After years of sluggish sales, potential buyers at the National Business Aviation Association annual corporate jet show are looking closely at new aircraft models with longer ranges and technology for smoother rides, while weighing the advantage of recent U.S.

Bakkie rollover leaves seven injured at the Morris and Long Market intersection in Bo-Kaap

Seven people were left injured this morning following a vehicle rollover at the Morris and Long Market intersection in Bo-Kaap, Western Cape. ER24 paramedics, along with Metro and Fire, Life Healthcare and Community Medics, arrived on the scene to find the bakkie lying on its roof in the road. The occupants that had been traveling on the back of the vehicle were scattered around on the scene.

Want the big job? 4 women on top of their game tell us how to get that seat at the table

Only 29% of senior roles in South Africa are filled by women - how do we get to 50%? Earlier this year the Grant Thornton report revealed that only 29% of senior roles in South Africa are now filled by women. While this is a small improvement on previous findings, it's important to note that 20% of local businesses still have no women at all in senior positions. What will it take to get to 50%? How can we as women tackle this disparity and drive change in South Africa? We asked some of South Africa's most inspiring female leaders to share their thoughts, and their insider tips, with us.

Copper smelter hits cause physical squeeze in Asia: Andy Home

(The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.

Bakkie rollover leaves seven injured

Seven people were left injured this morning following a vehicle rollover at the Morris and Long Market intersection in Bo-Kaap, Cape Town, Western Cape . ER24 paramedics, along with Metro and Fire, Life Healthcare and Community Medics, arrived on the scene to find the bakkie lying on its roof in the road. The occupants that had been traveling on the back of the vehicle were scattered around on the scene.

Wall St gains after strong earnings from blue-chips

* Tech, healthcare sectors top gainers out of 11 S&P sectors* Goldman Sachs, Morgan Stanley rise after qtrly profit beat* UnitedHealth rises on qtrly earnings beat, FY profit raise* Adobe rises after positive analyst day* Indexes gain: Dow 0.7 pct, S&P 0.7 pct, Nasdaq 1.

Copper smelter hits cause physical squeeze in Asia

London - The copper market is currently experiencing a squeeze on physical metal. This is unexpected. The London Metal Exchange (LME) price is treading water just above the $6,000 level, struggling to fend off bearish macro funds.

Foschini details Black Friday 2018 deals for South Africa

Foschini has detailed the Black Friday specials available from 17 of its retail brands. These deals will be available from its online portal from midnight on 22 November until midnight on 26 November. The MyTFGWorld website offers exclusive deals on books from Reader's Warehouse, flowers from SA Florist, and a free retro phone with any Pylones purchase.

BONANG MATHEBA TO HOST AWIEF AWARDS

The queen B*, Bonang Matheba has been revealed as the host of the 2018 Africa Women Innovation & Entrepreneurship Forum (AWIEF) awards. The awards, now in their fourth year, are set to "recognize, honour and celebrate women entrepreneurs and business owners in Africa and across industry sectors, for their economic performance and contribution to Africa's growth and social development," says AWIEF. This extends to both emerging and established women entrepreneurs.

Caxton Newspapers updating business database, agents to knock on your door

The Caxton Local Newspapers division is currently updating its business database and has deployed agents who are expected to complete this task in the next few months. Carl Shelton and Buhraan Mamdoo will be in your area interacting with both residents and business owners. They will also be taking photographs of businesses run from private homes.

Shivambu says he never paid attention to brother's business until VBS scandal broke

It was only after the failed VBS Mutual Bank's R1.89-billion looting scandal that Economic Freedom Fighters (EFF) deputy president Floyd Shivambu paid attention to his brother Brian's work for VBS majority shareholder, Vele Investments. On Tuesday, Shivambu again distanced himself from allegations that he received R10-million from his brother Brian , after the latter was paid R16-million by the bank for doing consultancy work for Vele Investments.

dti: The dti To Lead Agro-Processing Companies On Mission To Explore New Markets At Paris Trade Fair

The Department of Trade and Industry (the dti) will lead a delegation of 38 agro-processing companies on a mission to explore new markets at the 27th edition of the Salon International de l'alimentation (SIAL) International Food Exhibition, that will be taking place in Paris, France from 21-25 October 2018.   SIAL is the world's largest food products exhibition to be held this year. It is the global showcase for the food industry with unrivalled geographic coverage of Europe and the rest of the world which specialises in the food processing industry.

UPDATE 1-Wooing investors, Rwanda hosts first tantalum-tracking blockchain

* Anglo American has used blockchain to track diamonds * PRG clients include Kemet, supplier to Apple (Adds background, detail) By Clement Uwiringiyimana and Barbara Lewis KIGALI/LONDON, Oct 16 (Reuters) - Rwanda's mining boss announced on Tuesday the world's first blockchain project to track tantalum from the pit-face to the refinery, part of a push to woo investors seeking a conflict-free source of minerals. The project is the work of Circulor, a British start-up specialised in blockchain, and Power Resources Group (PRG), which has mining and refining operations in Rwanda and Macedonia. Francis Gatare, chief executive of Rwanda's Mines, Petroleum and Gas Board, said it was vital for Rwanda to prove it was a conflict-free source of tantalum, used amongst other things in mobile phones, and other minerals.

Big tobacco's hopes for vaping go up in smoke

Revenue from next-generation products will be 10% less than the £1bn BAT anticipated British American Tobacco (BAT) has taken a match to its forecasts for sales of its alternatives to traditional cigarettes — and sent a warning about how fast consumers are shifting to vapes and other smoking alternatives. Revenue from so-called next-generation products will be 10% less than the £1bn BAT had previously anticipated, the maker of Dunhill and Lucky Strike said on Tuesday. The primary cause for the shortfall was the Japanese market, where demand for tobacco-heating devices has stagnated, even if BAT's Glo product is gaining market share.

Google's fake news merry-go-round

Search giant Google has been identified as a major enabler for the proliferation of disinformation, or "fake news", websites. Its advertising platform, Google Adsense, provides several of these websites with the means to make money using the adverts it displays on their sites. Despite claiming extensive policies governing the use of its platform, it appears Google is either unable, or unwilling, to adequately address the abuse of its platform.

Hard for Gold Fields to walk from South Deep whilst it is making losses

GOLD Fields CEO, Nick Holland's call on shareholders last week to exercise "patience" in respect of the firm's South Deep mine may be a precursor to eventually exiting from the operation and, in so doing, finally bringing the curtain down on the firm's long-standing exposure to South African gold mining. "They are now very impatient, and one can understand it but I think we need to calmly look where we are and evaluate the best way forward,"  said Holland in an interview with Bloomberg News regarding ongoing losses at South Deep . "There is a large resource base there, it's well-drilled and we have spent a lot on infrastructure development costs.

Stand A Chance To Win A Lotto Bursary 2019

Tue, 10/16/2018 - 06:31 The Bursary Lottery is giving away another R740 000 in education! Stand a chance to win 1 of 10 spots for a 1-year full-time Advanced Diploma in User Centered Design Red & Yellow is the business school where talented people go to develop the career skills they need to thrive in this digital world. Stand a chance to win 1 of 10 spots to a brand new Advanced Diploma in User Centered Design at Red & Yellow School, each valued at R74 000. This course is designed specifically for graduates and will take UX (user experience) and design to the next level.

#OrchidsandOnions: Absa ad is on the money

An Onion to the painfully slow SA Post Office for its lightning-fast branded vehicle. I won't post it, because I doubt whether it would get there. Screen grabs from the ad.

Huge halaal opportunity for the Cape as Muslim population grows

Asian shares are slightly stronger after last week's battering Attacq to build high-rise apartments and hotels at Waterfall City By IoL Business Report On 16 October 2018 · Leave a Comment With the global Muslim population set to grow 31% by 2060, the Western Cape has the opportunity to establish itself as the halaal hub of Africa.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Fin24.com | Motorists could see 8th fuel hike as tensions rise in Saudi Arabia

Cost of merely existing a reality for many South Africans WATCH: Stock picks — AngloGold Ashanti, Gold Fields and Vodacom By fin24.com On 16 October 2018 · Leave a Comment Based on unaudited mid-month data from the Central Energy Fund, the AA has warned of an eighth consecutive fuel price increase next month, with petrol possibly increasing by 40 cents per litre.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Dept reassures Listeria outbreak is over

The reassurance from the Department of Agriculture, Forestry and Fisheries comes a month after Health Minister Aaron Motsoaledi also announced that there is no longer listeria in South Africa. | CAPE TOWN - There are no longer any traces of listeria in South Africa.This is according to the Department of Agriculture, Forestry and Fisheries which gave Parliament an update on the Listeriosis outbreak.

Cost of merely existing a reality for many South Africans

Market Snapshot: U.S. stocks poised to rise after Monday's tech-driven selloff WATCH: Stock picks — AngloGold Ashanti, Gold Fields and Vodacom By IoL Business Report On 16 October 2018 · Leave a Comment Our new Cabinet has the unenviable task of stimulating enough growth to create jobs   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Western Province's young debutant Jono Bird makes history

Jonathan Bird is the youngest player in South African cricket history to have scored a senior List A century on debut when he blasted 104 for Western Province against Easterns at WPCC on Sunday. He was one of three centurions for Western Province over the weekend, whose performances were hailed by WP coach Paul Adams. Bird scored his century while just a tender 17 years and 186 days old in his maiden senior List A appearance.

Black Friday 2018 in South Africa - You will need a valid TV licence

If you want to buy a new TV, you must have a valid TV licence with you. This needs to be checked by the retailer you are buying the TV from, but on high-traffic days like Black Friday, this can lead to bottlenecks. South Africans got a taste of this in recent years, when the demand for TV sales during Black Friday took down the SABC's TV licence system.

JSE unmoved on Tuesday morning after Chinese inflation scare

WATCH: Stock picks — AngloGold Ashanti, Gold Fields and Vodacom By Business Day On 16 October 2018 · Leave a Comment The JSE opened flat on Tuesday with a weaker bias on softer Chinese markets and after the Dow ended Monday in the red, with US retail sales in September coming in lower than expected. Resources were lower on a firmer rand which was at R14.3259 to the dollar from R14.

Banking In A Cashless Society Requires African Solutions For African Problems

African economies are well positioned to benefit from rapidly accelerating technological change if they can harness the current open landscape for innovation. East Africa is already a global leader in mobile payments, while mobile money accounts in sub-Saharan Africa are on an upward charge. Apart from being able to leapfrog the limitations and costs of physical infrastructure, the continent stands to benefit from having the youngest, tech-savvy workforce in the world in the next decade.

African partner countries pleased with SKA progress

Science and Technology Minister Mmamoloko Kubayi-Ngubane says the partner countries in the African Very Long Baseline Interferometry Network (AVN) projects are happy with progress that has been made to prepare for the construction of telescopes in their respective countries.  Kubayi-Ngubane addressed a media briefing shortly after opening the 5th Square Kilometre Array (SKA) and AVN projects African Ministerial Forum meeting in Cape Town on Tuesday.  "We will be issuing a final communiqué at the end of the day once the Ministers have gone through the details and that will include [a response to the question of which country will launch a telescope next].

BAT warns of forex headwinds on 2018 earnings

Expectations are that the industry volume will be down about 3.5% for the full year British American Tobacco (BAT) shares dipped in and out of positive territory on Tuesday morning, after the global cigarette company said foreign exchange headwinds would take the shine off its 2018 earnings. BAT is the second-biggest company on the JSE with a market capitalisation of R1.

Exposing the puppet masters behind the Sunday Times scandal

In February last year, I sat down with former Sunday Times journalist Stephan Hofstatter in a Johannesburg coffee shop after he had told a mutual friend that he wanted to see me. I assumed Hofstatter wanted to explain his role in the SARS rogue unit stories to me as I had long been a fierce critic of the work of the Sunday Times investigations unit. But why to me? I didn't know him at all.

Papa Penny to help previously disadvantaged with funeral cover business

Print this articl Musician and TV personality Penny Penny expands his empire to include a funeral cover business aimed at helping the previously disadvantaged The Shangaan Disco King, whose real name is Eric Nkovani, posted a flyer promoting the newly launched Penny Penny Funeral Cover on his Instagram account. The reality TV star announced his latest business venture months after a failed bid to be the Premier of Limpopo. Benefits of the plan include free groceries, tombstones, cows, airtime and tents.

New kind of business school

At a recent meeting, ALLON RAIZ, founder and CEO of Raizcorp, realised that in order for today's youth to become entrepreneurs, teachers, the curriculum and the parents need continually expose them to entrepreneurial thinking from a young age. Several years ago, I found myself in a meeting with my business partner and two of my staff members. In front of us was a client who was sharing some of the frustrations in his business.

Agri-business a core component of Project Koba-Tlala

Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula's ambitious initiative to involve local communities in among others the fresh produce supply chain to SA National Defence Force (SANDF) units and bases is providing a positive spin-off for Reserve Force members. That South Africa has a high unemployment rate is common knowledge with people battling to find work. One such workplace - for want of a better word - is the Reserve Force and while exact numbers are not available it is believed a large percentage of South Africa's part-time soldiers only gainful employment is when called up.

SA agro-processing companies seek new markets in France

Rand firms to two-week high against softer dollar Market Snapshot: U.S. stocks poised to rise after Monday's tech-driven selloff By IoL Business Report On 16 October 2018 · Leave a Comment The dti will lead a delegation of 38 companies to explore new markets at the Salon International de l'alimentation International Food Exhibition   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

What flying Business Class is really like

We walk past those spacious seats with all that extra legroom on our way to Economy. It's like the ultimate walk of shame. Yet, what do Business Class flyers actually experience when flying? All airlines offer different luxuries.

Cannabis Watch: Marijuana stocks to watch: Canopy Growth is the cannabis business's $4 billion gorilla

JSE unmoved on Tuesday morning after Chinese inflation scare The Wall Street Journal: ‘I'm 100% With You,' Trump tells Mattis after hinting at the secretary's departure By MarketWatch On 16 October 2018 · Leave a Comment Smith Falls, Ontario-based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer, after it announced that Corona beer-maker Constellation Brands Inc. was going to invest an additional $4 billion in the company.

Melbourne's Werribee suburb to have its own central business district

The western suburb of Melbourne, Werribee, is set to have its own central business district within 30 years. The news was revealed by Kate Roffey, a member of Wyndham City Council: "We'll have a Werribee skyline." "It's obviously not going to be your New York or Sydney style skyline, but we will have some height and scale here.

Attacq introduces ‘Ellipse Waterfall' - First High-Rise Luxury Apartments in Waterfall City

/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement. JSE listed Attacq Limited (Attacq) has partnered with Tricolt, a leading property development company, to launch the first high-rise luxury apartments in Waterfall City. Ellipse Waterfall is set to transform urban luxury living in Gauteng's fastest growing business node.

WATCH: Stock picks — AngloGold Ashanti, Gold Fields and Vodacom

Market Snapshot: U.S. stocks poised to rise after Monday's tech-driven selloff By Business Day On 16 October 2018 · Leave a Comment Gary Booysens from RandSwiss and Nick Kunze from Bridge Fund Managers talk to Business Day TV   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Papa Penny goes into funeral cover business

The Shangaan Disco King, whose real name is Eric Nkovani, posted a flyer promoting the newly launched Penny Penny Funeral Cover on his Instagram account. The reality TV star announced his latest business venture months after a failed bid to be the Premier of Limpopo. Benefits of the plan include free groceries, tombstones, cows, airtime and tents.

Gigaba's rules have really hurt my business

Families lose money, dream holidays turn into nightmares, tourists are going elsewhere. Read the full article here. This content was originally published by Moneyweb.

3 Cost-effective ways to recognise contribution

- 10:39 My very good friend, Google, tells me that there are 44 800 000 articles on the importance of recognition in the workplace.  Fair enough, it is about 20 000 000 results less than what you will find when you type in Kardashians, but that is a topic for another day.  The point is that despite the overwhelming evidence that employees who are recognised in the workplace, perform better and are more committed to company goals, employee recognition seldom forms part of any manager or leader's key performance indicators.

Critical darlings 'Raw' and 'A Ghost Story' come first and only to Showmax in SA

Just in time for Halloween, both of these arthouse favourites have a 91% critics score on Rotten Tomatoes. Bored of the current glut of bigger-is-better prequels, sequels, and remakes at cinemas? Miss the days of Cinema Nouveau, when art-house movies were actually available in South Africa? Then we have good news for you: A Ghost Story and Raw are coming first and only to Showmax in South Africa this October, just in time for Halloween. Both arthouse favourites have a 91% critics score on Rotten Tomatoes.

Gigaba's rules have really hurt my business

Families lose money, dream holidays turn into nightmares, tourists are going elsewhere. More than 30 of his clients have been off-loaded at various airports around the world due to South Africa's much-criticised travel restrictions. He has also personally paid thousands of rands to compensate clients for damages suffered as a result, tour and safari operator Holger Jensen of Jensen Safaris has told Moneyweb.

Inaugural Mr. Tekkie store to open in Cape Town on October 25

Mr. Tekkie, the shoe retailer founded by former executives and staff of Tekkie Town, plans to open its first store in Cape Town in late October.  The inaugural store, to be opened on October 25, will be located on the corner of St Georges Mall and Strand Street in the Cape Town central business district.

Strong sterling weighs on FTSE 100 as earnings flow in, Merlin stumbles

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3 pct* Strong sterling weighs on dollar earners* British American Tobacco falls on revenue target cut* Oil majors decline* Merlin drops 7 pct after flagging cost pressuresBy Helen ReidLONDON, Oct 16 (Reuters) - Britain's top stock index tumbled on Tuesday, lagging European peers as sterling's climb dragged multinational exporters' shares down, while weak results weighed on Legoland owner Merlin.The FTSE 100 was down 0.

British American Tobacco cuts sales target for new products

(Adds finance chief comments, shares, background)By Martinne GellerLONDON, Oct 16 (Reuters) - British American Tobacco cut its full-year revenue target for cigarette alternatives such as vaping pens and tobacco heating devices, citing a flat market in Japan and a product recall in the United States.The world's second-biggest international tobacco company by revenue is pinning its hopes for volume growth on next-generation products, as demand for traditional cigarettes wanes.But regulators are closely watching the new products.

WP teen Bird blasts maiden century to earn place in SA cricket history

Jonathan Bird became the youngest player in South African cricket history to have scored a senior List A century on debut when he blasted 104 for Western Province against Easterns at WPCC on Sunday. | JOHANNESBURG - Jonathan Bird became the youngest player in South African cricket history to have scored a senior List A century on debut when he blasted 104 for Western Province against Easterns at WPCC on Sunday.He was one of three centurions for Western Province over the weekend, whose performances were hailed by WP coach Paul Adams.

Strong sterling weighs on FTSE 100 as earnings flow in, Merlin stumbles

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 down 0.3 pct * Strong sterling weighs on dollar earners * British American Tobacco falls on revenue target cut * Oil majors decline * Merlin drops 7 pct after flagging cost pressures By Helen Reid LONDON, Oct 16 (Reuters) - Britain's top stock index tumbled on Tuesday, lagging European peers as sterling's climb dragged multinational exporters' shares down, while weak results weighed on Legoland owner Merlin. The FTSE 100 was down 0.

Property Point Creates R1bn in Procurement Opportunities for Small Businesses

Property Point, the Growthpoint Properties initiative, has officially facilitated more than R1bn successful procurement opportunities for small businesses operating in South Africa's property sector Property Point was launched by Growthpoint Properties in 2008, and this year represents a decade of its success in developing sustainable small businesses. Over the past 10 years, it has facilitated market opportunities worth R1.14bn for the 168 SMEs that have taken part in its two-year enterprise and supplier development programmes.

The importance of Directors' Meeting minutes

By 16, 2018 "A company must keep minutes of the meetings of the board, and any of its committees…" (Extract from the Companies Act) Steinhoff and other high profile corporate scandals both here and overseas highlight the need for directors to ensure that their board and committee meetings (and the decisions taken at them) are correctly and accurately recorded. The point is that as a company director you are given wide powers by our Companies Act, but you also have to comply with a raft of fiduciary duties and statutory responsibilities. Failure to do so exposes both your company and you personally to substantial risk.

JSE unmoved on Tuesday morning after Chinese inflation scare

Global tensions keep investors on the sidelines amid rising tensions between US and Saudi Arabia The JSE opened flat on Tuesday with a weaker bias on softer Chinese markets and after the Dow ended Monday in the red, with US retail sales in September coming in lower than expected. Resources were lower on a firmer rand which was at R14.3259 to the dollar from R14.

Huge halaal opportunity for Western Cape

Asian shares are slightly stronger after last week's battering Attacq to build high-rise apartments and hotels at Waterfall City By IoL Business Report On 16 October 2018 · Leave a Comment With the global Muslim population set to grow 31% by 2060, the Western Cape has the opportunity to establish itself as the halaal hub of Africa.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Automation, digitalisation and IoT: how Industry 4 will impact SA's mines

Schneider Electric's Marc Ramsay speaks to Vector about mining, digitalisation and the adoption of new energy mixes in industry. Marc Ramsay Mining is traditionally a long-term investment and customers' commitment to long-term capital projects, expansions and enhancements is one of the biggest challenges in helping them to deal with variability and variation in their own organisations, said Schneider Electric vice president Industry Business Marc Ramsay in an interview with Vector. He says the company views customers' challenges as its own, and has two approaches towards addressing these challenges: by helping customers to manage power, and by assisting them on the road to digitalisation, i.

WATCH: Stock picks — AngloGold Ashanti, Gold Fields and Vodacom

Gary Booysens from Rand Swiss chose to go short on Anglogold Ashanti and long Gold Fields, while Nick Kunze from Bridge Fund Managers chose Vodacom as his stock pick of the day. Booysens said Gold Fields has been struggling with its South Deep operation and CEO Nick Holland recently asked for more time to get the operation back on track. "It just shows that although gold miners operate very independently from one another, they do face similar pressures internationally.

Business discrimination in the workplace

BAT warns that smoking alternatives will miss goal this year Gold holds close to two-and-a-half-month high By IoL Business Report On 16 October 2018 · Leave a Comment Many female business owners say they've encountered gender discrimination from potential investors.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Europe Markets: Italian stocks flirt with best day in 3 weeks amid EU budget clash

NerdWallet: Penny pinching on Halloween costumes? Try these saving secrets Why companies have the edge dealing with customer complaints behind closed doors By MarketWatch On 16 October 2018 · Leave a Comment Italy's benchmark on Tuesday was set for its best day in three weeks, while U.K. stocks lagged behind the broader European equity market, as brewing political drama continued to result in outsize moves in those eurozone regions.

EMERGING MARKETS-Emerging markets hope for cooling of Saudi tensions

* EM stocks set for second gain in 9 sessions * China factory-gate inflation cools for third month * Hungary c.bank boosts gold reserves By Sruthi Shankar and Aaron Saldanha Oct 16 (Reuters) - Emerging stock and currency markets drew some comfort on Tuesday from signs Saudi Arabia will acknowledge the death of a missing journalist in a botched interrogation while lukewarm Chinese inflation data cooled concerns over the yuan's fall. The Saudi riyal rebounded from a two-year low after reports by CNN and the New York Times suggested the country would admit Jamal Khashoggi died while in its custody.

Degree of calm returns to stock markets; Italy helps out

* World stocks crawl higher, still nursing heavy losses* European shares edge up from 22-month lows* Focus turns to earnings season* Dollar inches higher, yen slips from recent one-month highs* Italy's cabinet approves expansionary budget* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Dhara RanasingheLONDON, Oct 16 (Reuters) - World stocks nudged higher on Tuesday, as focus turned to earnings season and a rebound in Italian assets helped battered equities find firmer ground for now.In Europe, shares rallied 0.

the dti to Lead Agro-Processing Companies on Mission to Explore New Markets at Paris Trade Fair

The Department of Trade and Industry ( the dti ) will lead a delegation of 38 agro-processing companies on a mission to explore new markets at the 27th edition of the Salon International de l'alimentation (SIAL) International Food Exhibition, that will be taking place in Paris, France from 21-25 October 2018. SIAL is the world's largest food products exhibition to be held this year. It is the global showcase for the food industry with unrivalled geographic coverage of Europe and the rest of the world which specialises in the food processing industry.

Investor lays into mining executives for preserving their jobs over value

By David McKay - October 15, 2018 Share on Facebook Tweet on Twitter Piet Viljoen, executive chairman, RECM MINING company executive focused too much attention on production growth and reserve replacement because it was more interested in preserving itself than on investor returns - a claim at a recent conference that drew a reaction from at least one CFO. "The reason mining companies want to replace the whole time is because you've got a bunch of well-paid executives sitting at the top that need a job to carry on. They can't mine themselves out of existence.

Sibanye-Stillwater vaults as much as 22% on another day of gold share gains

By David McKay - October 15, 2018 Share on Facebook Tweet on Twitter SHARES in Sibanye-Stillwater climbed by more than a fifth during mid-morning trade on the Johannesburg Stock Exchange today - a development the company said was reflective of its "better outlook". "We are recovering from the significant negativity from the first quarter and the market is starting to reflect the better outlook," said James Wellsted, head of investor relations for the firm which was 17.6% stronger at the time of writing but appeared to be correcting.

Attacq to build high-rise apartments and hotels at Waterfall City

Attacq has partnered with two Joburg-based private developers, Tricolt and Barrow Properties, on two separate developments totalling R2bn within this new precinct. Some R2 billion in new property investment - including high-rise residential towers, a new hotel and office blocks - is on the cards for a new higher density mixed-use precinct within JSE-listed Attacq Limited's burgeoning Waterfall City mega development in Gauteng. The precinct is directly adjacent to the 131 000 m2 Mall of Africa.

BAT warns that smoking alternatives will miss goal this year

The London-based tobacco company's shares have lost a third of their value this year amid a selloff of cigarette makers. British American Tobacco Plc said revenue from smoking alternatives will miss expectations this year, and that currency shifts are hurting earnings growth and debt reduction. Key insights Alternatives to cigarettes are growing more slowly than expected due to weakness in Japan and a product in the US called Vuse Vibe.

Attacq to build high-rise apartments and hotels at Waterfall City

Attacq has partnered with two Joburg-based private developers, Tricolt and Barrow Properties, on two separate developments totalling R2bn within this new precinct. Read the full article here. This content was originally published by Moneyweb.

Kevin Hedderwick and Antony Ball join Real Foods

"We want to deliver consistent, sustainable growth." Former Famous Brands CEO, Kevin Hedderwick and former CEO of Brait, Antony Ball have joined the board of Real Foods, the owners of Kauai and Highveld Honey. CEO, Dean Kowarski says the team is extremely proud and feels privileged to have people of this caliber join the business.

Tiger Brands surges with polony back on the menu

Tiger Brands' share price rose by more than 5 percent on the JSE after the group announced that it would re-open its Germiston value-added meat products processing facility, which was affected by the listeriosis outbreak. The Germiston facility was closed in March as a precautionary measure after the listeriosis bacteria was detected there. The group also recalled all ready-to-eat Snax products.

De Beers warns that weak rupee may take sparkle out of diamond sales

The world's largest source of rough diamonds by value is on track to beat the full-year sales for 2017 The latest rough diamond sales from De Beers, the world's largest source of rough diamonds by value, put it on track to beat the full-year sales for 2017. De Beers, which is 85%-owned by Anglo American, said it had achieved sales of $475m for the eighth of 10 annual sales during the month to October 12. De Beers holds large four-day sales events in the Botswana capital of Gaborone called sights, but it does sell diamonds between those events.

Court challenge to Mpumalanga coal mine

First published by  GroundUp While much of her work was widely admired and supported, the legacy of the late Edna Molewa, who was Environmental Affairs minister, is not uncontested. And perhaps nowhere more so than in her decision to allow a new coal mine to be developed within a critical biodiversity and water conservation area of the highly threatened Mpumalanga grasslands. This week, from Tuesday to Thursday (16 - 18 October), that decision - and by extension also Molewa's environmental legacy - will be under the spotlight in the Pretoria High Court.

WP's young debutant Jono Bird makes history

Jonathan Bird became the youngest player in South African cricket history to have scored a senior List A century on debut when he blasted 104 for Western Province against Easterns at WPCC, Cape Town, Western Cape on Sunday. He was one of three centurions for Western Province over the weekend, whose performances were hailed by WP coach Paul Adams. Bird scored his century while just a tender 17 years and 186 days old in his maiden senior List A appearance.

The Men Who Looted VBS Bank Have Been Living The High Life [Images]

Watch enough series about drug dealers and criminals (hey, it beats that Kardashian and Love Island garbage), and you'll know that the golden rule seems to be keeping your newfound wealth on the down-low. Don't be flashy, because that can attract unwanted attention, or something alone those lines. That didn't seem to be a worry for Tshifhiwa Matodzi, former chair of VBS Bank, Robert Madzonga, CEO of Vele Investments and a former COO of VBS, and Kabelo Matsepe, a former leader of the ANC Youth League in Limpopo.

The Men Who Looted VBS Bank Have Been Living The High Life [Images]

Watch enough series about drug dealers and criminals (hey, it beats that Kardashian and Love Island garbage), and you'll know that the golden rule seems to be keeping your newfound wealth on the down-low. Don't be flashy, because that can attract unwanted attention, or something alone those lines. That didn't seem to be a worry for Tshifhiwa Matodzi, former chair of VBS Bank, Robert Madzonga, CEO of Vele Investments and a former COO of VBS, and Kabelo Matsepe, a former leader of the ANC Youth League in Limpopo.

It's not weird, it's wonderful! The oddest places to order using Uber Eats

South Africans can all agree they get an insurmountable food craving at the most awkward of times. Sometimes, these cravings become so overpowering, the only choice is to give in and eat up. With all of the delicious food available, South Africans are spoilt for choice, making their cravings extend far beyond what is accessible at the time.

Court challenge to Mpumalanga coal mine

While much of her work was widely admired and supported, the legacy of the late Edna Molewa, who was environmental affairs minister, is not uncontested. And perhaps nowhere more so than in her decision to allow a new coal mine to be developed within a critical biodiversity and water conservation area of the highly threatened Mpumalanga grasslands. Enda Molewa, who died in September, granted permission for coal to be mined in a protected area, when she was minister of environmental affairs.

UPDATE 1-UK Stocks-Factors to watch on Oct 16

(Adds company news items and futures) Oct 16 (Reuters) - Britain's FTSE 100 index is seen opening 1 point higher at 7,031 with FTSE 100 futures up 0.01 percent ahead of the cash market open on Tuesday. * BELLWAY: British housing developer Bellway Plc launched a cost savings program on Tuesday to boost margins after reporting a more than 14 percent rise in full-year pre-tax profit and reiterating a warning about future margins.

Win A Lotto Bursary 2019

Tue, 10/16/2018 - 06:31 Win a bursary valued at R66 000! Bursary Lotto are giving you an opportunity to be given 1 of 67 spots for a 2-year part-time Advanced Diploma in Digital Marketing. We are thankful to the Red & Yellow Creative School of Business who kicked things off. They have an amazing Social Promise of ensuring that at least 10% of their students don't have to pay for themselves, and they are generously offered 67 bursaries valued at over R5 000 000 to the Bursary Lottery community.

#CampaignRadar: Metropolitan's new brand campaign

Metropolitan recently launched its new brand campaign, built on the promise of "What matters to you, matters to us." [embedded content] "Our new brand campaign is a very public and bold return to our roots — a social pact with our customers, both current and future, as well as our employees and shareholders alike," explains Llewellyn Allen, Metropolitan divisional chief marketing officer. "In a sometimes-chaotic world driven by mass production and anonymity, we believe that people want to be seen for their everyday personal pursuits to better life for themselves and their families.

Steady Asian markets bodes well for the JSE

Asian stocks were generally flat on Tuesday morning, raising the hope that emerging markets have finally halted their slide Asian stocks were generally flat on Tuesday morning, raising the hope that emerging markets have finally halted their slide. Tokyo's Nikkei 225 index was up 0.28% while Hong Kong's Hang Seng index was down 0.

UK Stocks-Factors to watch on Oct 16

Oct 16 (Reuters) - Britain's FTSE 100 index is seen opening 1 point higher at 7,031 on Tuesday, according to financial bookmakers. * BP: Global oil major BP said on Monday fuel price controls are "not good", days after India asked state-run fuel retailers to shield customers from record-high costs by cutting margins. * ASTRAZENECA: AstraZeneca will keep its freeze on manufacturing investments in Britain if the country's exit from the European Union fails to give enough clarity on future trading relations, the drugmaker's chairman was quoted as saying on Monday.

5 things you need to know in SA business today and 12 top career tips

1. EFF leader Julius Malema will brief the media today on the allegations that his party - and its chief whip Floyd Shivambu - received millions from VBS. Yesterday, the  presidency "categorically" rejected allegations  that President Cyril Ramaphosa knew about corruption at VBS Bank but did not take action.

Don't Let Late Payments Kill Your Business - Here are 8 Ways to Deal

Research by Xero last year found that getting paid is the number one financial challenge for half of South Africa's small businesses, resulting in both increased stress and reduced productivity and that on average, these businesses spend 10.4 hours a month on debt recovery. "Smaller businesses regularly rely on their payments to come in on time to be able to pay their overheads, which include their suppliers, salary, and rental payments.

Reasons for your small business to consider automation

In recent years, automation has been on the tip of many business owners' tongues. While it's certainly a big corporate buzzword, there is a good reason behind it. Thanks to the latest digital innovations, automation can save your startup plenty of time and money.

Steady Asian markets bodes well for the JSE

Fin24.com | Trump says US attendance uncertain at Saudi investment meeting Drought puts millions of Afghans in urgent need of food — UN By Business Day On 16 October 2018 · Leave a Comment Asian stocks were generally flat on Tuesday morning, raising the hope that emerging markets have finally halted their slide   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Creative Cloud minting big profits for Adobe as it eyes new markets

Adobe has given a bullish sales forecast for next year, signalling the software maker's expanding product suite will continue to attract customers. Revenue may grow 20% in fiscal 2019, with sales increasing evenly across the central business units, the San Jose, California-based company said on Monday in a statement. That growth rate would push revenue to about US$10.

The dti To Lead Agro-processing Companies On Mission To Explore New Markets At Paris Trade Fair

The Department of Trade and Industry (the dti) will lead a delegation of 38 agro-processing companies on a mission to explore new markets at the 27th edition of the Salon International de l'alimentation (SIAL) International Food Exhibition, that will be taking place in Paris, France from 21-25 October 2018.   SIAL is the world's largest food products exhibition to be held this year. It is the global showcase for the food industry with unrivalled geographic coverage of Europe and the rest of the world which specialises in the food processing industry.

EDITORIAL: Choppy waters ahead for emerging markets

Fin24.com | Nene rand rollercoaster: Who could have benefited? Bafana Bafana coach Stuart Baxter defends Percy Tau against the critics By Business Day On 16 October 2018 · Leave a Comment The end of free or almost free money in developed markets is posing a challenge to countries around the world, with highly-indebted economies most at risk.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Steady Asian markets bodes well for the JSE

Asian stocks were generally flat on Tuesday morning, raising the hope that emerging markets have finally halted their slide Asian stocks were generally flat on Tuesday morning, raising the hope that emerging markets have finally halted their slide. Tokyo's Nikkei 225 index was up 0.28% while Hong Kong's Hang Seng index was down 0.

Creating Your Own Successful Bitcoin Business-Part 46

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Creating Your Own Successful Bitcoin Business-Part 46

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

How Famous Brands' UK burger business went from bad to worse

How food and education go hand in hand Sars faces R1bn repair bill to avoid collapse of IT infrastructure By Business Day On 16 October 2018 · Leave a Comment The group said on Monday it had reduced the value of Gourmet Burger Kitchen by R874m, following a R373m write-down five months ago   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Adobe gives strong 2019 forecast as it looks to bolster suite of business offerings

Adobe Inc gave a bullish sales forecast for next year, signaling the software maker's expanding product suite will continue to attract customers. Revenue may grow 20% in fiscal 2019, with sales increasing evenly across the central business units, the San Jose, California-based company said Monday in a statement. That growth rate would push revenue to about $10.

VBS heist: My brother's business is above-board, says Shivambu

Form here EFF deputy president Floyd Shivambu has come to the defence of his brother Brian after he was implicated in a damning report into the collapse of the VBS Mutual Bank. Brian Shivambu is named in a forensic report, by Advocate Terry Motau, into the Limpopo-based mutual bank as having received R16 million from holding company Vele Investment. He has since denied any wrongdoing, slamming Motau for not affording him an opportunity to tell his side of the story.

5 things you need to know in SA business today and 12 top career tips

1. EFF leader Julius Malema will brief the media today on the allegations that his party - and its chief whip Floyd Shivambu - received millions from VBS. Yesterday, the  presidency "categorically" rejected allegations  that President Cyril Ramaphosa knew about corruption at VBS Bank but did not take action.

Tiger Brands surges with polony back on the menu

Tiger Brands' share price rose by more than 5 percent on the JSE after the group announced that it would re-open its Germiston value-added meat products processing facility, which was affected by the listeriosis outbreak. The Germiston facility was closed in March as a precautionary measure after the listeriosis bacteria was detected there. The group also recalled all ready-to-eat Snax products.

AB InBev may slash generous dividend

Food and drinks giant likely to cut payouts to reduce debt, analysts say Anheuser-Busch InBev is the most generous big food and beverage company in the world when it comes to paying cash out to shareholders. That largesse could end as soon as next week. The reason? The Belgian beermaker is the most indebted company in the industry, in both absolute terms and relative to earnings.

Creditors call the shots at Steinhoff

As management asks for an extension on the lock-up agreement. BUSINESS NEWS - The management of Steinhoff International Holdings is desperately fending off assorted creditors, lawsuits and other predators while trying to restore the multi-brand furniture and homeware retailer to some level of financial sustainability. In a market update, management has simultaneously tried to assure shareholders that all is under control at the struggling retail and manufacturing firm, while announcing that it has asked creditors to allow an extension of the lock-up agreement, delaying it from October 20 to November 20.

Creditors call the shots at Steinhoff

As management asks for an extension on the lock-up agreement. BUSINESS NEWS - The management of Steinhoff International Holdings is desperately fending off assorted creditors, lawsuits and other predators while trying to restore the multi-brand furniture and homeware retailer to some level of financial sustainability. In a market update, management has simultaneously tried to assure shareholders that all is under control at the struggling retail and manufacturing firm, while announcing that it has asked creditors to allow an extension of the lock-up agreement, delaying it from October 20 to November 20.

Tiger Brands to hand out food parcels on World Food Day

Over 14 million South Africans go to bed hungry, with children being the most affected. | JOHANNESBURG - Over 14 million South Africans go to bed hungry, with children being the most affected.Tuesday marks World Food Day and the aim once again is to raise awareness about food scarcity and hunger in the globe.

UPDATE 1-British American Tobacco cuts revenue target for new products

(Adds details) LONDON, Oct 16 (Reuters) - British American Tobacco , the second-biggest international tobacco company by revenue, cut its full-year revenue target for next-generation products on Tuesday, citing a flat market in Japan and a product recall in the United States. The company said it expected revenue from cigarette alternatives — tobacco-heating devices and e-cigarettes — to reach 900 million pounds ($1.18 billion) this year, down from a previous target of 1 billion pounds.

British American Tobacco cuts revenue target for new products

LONDON, Oct 15 (Reuters) - British American Tobacco , the second-biggest international tobacco company by revenue, cut its full-year revenue target for next-generation products on Tuesday, citing a flat market in Japan and a product recall in the United States. The maker of Lucky Strike and Dunhill cigarettes said currency fluctuations would hurt its full-year adjusted earnings per share growth by 7 percent, assuming rates were unchanged for the rest of the year. On a constant currency basis, the company expects to exceed its target for high single-digit adjusted earnings per share growth.

Creditors call the shots at Steinhoff

The management of Steinhoff International Holdings is desperately fending off assorted creditors, lawsuits and other predators while trying to restore the multi-brand furniture and homeware retailer to some level of financial sustainability. In a market update, management has simultaneously tried to assure shareholders that all is under control at the struggling retail and manufacturing firm, while announcing that it has asked creditors to allow an extension of the lock-up agreement, delaying it from October 20 to November 20. In July this year, 90% of creditors agreed to the lock-up agreement (LUA), which gave management essential breathing space to restructure the debts belonging to the company.

Steinhoff asks creditors for another extension

Fin24.com | Nene rand rollercoaster: Who could have benefited? Bafana Bafana coach Stuart Baxter defends Percy Tau against the critics By Business Day On 16 October 2018 · Leave a Comment The group needs an extra month to finalise the details of an agreement that would freeze debt repayments for three years   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Attacq to bring residential development to Waterfall City

Fin24.com | Nene rand rollercoaster: Who could have benefited? Bafana Bafana coach Stuart Baxter defends Percy Tau against the critics By Business Day On 16 October 2018 · Leave a Comment Attacq to build a new residential development in Waterfall City, which forms part of the greater Waterfall node   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Steinhoff asks creditors for another extension

The group needs an extra month to finalise the details of an agreement that would freeze debt repayments for three years Steinhoff International Holdings has asked its creditors to give it another 30 days to finalise the details of an agreement that would freeze debt repayments for three years and give management time to restructure the embattled group. The terms of the so-called lock-up agreement were due to be finalised on October 20 but on Monday the embattled group said it had asked creditors to agree to an extension to November 20. "We have continued to receive significant support from creditors under the lock-up agreement and we remain in positive discussions with them," said acting CEO Danie van der Merwe in a statement on Monday.

Asia Markets: Asian markets rise, driven by oil-company gains

Key Words: Twitter creates filter bubbles, and ‘we need to fix it,' says Jack Dorsey Key Words: Jeff Bezos chides rivals, says Amazon will continue to work with Pentagon By MarketWatch On 16 October 2018 · Leave a Comment A day after a broad selloff, Asian stock markets gained in early trading Tuesday, despite modest losses on Wall Street.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Standard Bank gets serious about Bitcoin, Blockchain

CAPE TOWN - Standard Bank said on Monday, that the financial institute would be launching a number of events to help explain the benefits and risks of emerging technology in the financial services sector. Naomi Snyman, Blockchain Lead at Standard Bank, said that not a day goes by without talk about how Blockchain will change the financial services industry and the world as we know it. "You could say that Blockchain, and its sibling Bitcoin have become the new "IT" words.

Glencore to cut 30% of workforce at Australia's Hail Creek

Glencore bought the mine from Rio Tinto in March Glencore will cut about 30% of its workforce at its Hail Creek coal mine in Australia following a review of its operations. The mine's workforce will be reduced to 930 from 1,360, said Glencore, which bought the mine from Rio Tinto in March. The miner, which began operational management of Hail Creek from August 1, said it would introduce a seven days on, seven days off roster system, meaning that employees at the mine would work seven days and take the next seven days off.

ANC top six officials in Limpopo to discuss VBS report

The African National Congress (ANC) top six officials have met the Limpopo leadership to discuss the alleged involvement of senior provincial party members in the looting of VBS mutual bank. Provincial party treasurer, Danny Msiza and deputy chairperson and Vhembe executive mayor Florence Radzilani are among the 53 persons implicated in the VBS scandal. ANC spokesperson Pule Mabe says Luthuli House is calling for urgent action for those involved in the bank scandal.

Attacq to bring residential development to Waterfall City

The Mall of Africa owner plans to add high-rise apartments to the growing node Attacq, the owner of one of the country's largest shopping centres, Mall of Africa and the newly built PwC office tower, is branching into residential property with a R1.2bn high-rise apartment development called Ellipse Waterfall. The new residential development will be situated in the heart of Waterfall City, which forms part of the greater Waterfall node.

EDITORIAL: Choppy waters ahead for emerging markets

The end of free or almost free money in developed markets is posing a challenge to countries around the world It's like being midway through a detective thriller: it's clear there is something going on in emerging markets, but it's not clear what. At least not yet. Two things are apparent, however.

LETTER: Communists have no place in business portfolios

Blaming the apartheid regime for our current economic malaise is in part correct as bantu education resulted in the great majority of our population over the age of, say, 40 being economically illiterate and so unable to either understand or refute the garbage preached by the unions and the SA Communist Party (SACP). This includes a good many who are the ANC-nominated representatives in parliament. On top of that, the ANC insists on appointing communists to key positions of economic importance in the government, such as the minister of trade & industry.

How Famous Brands' UK burger business went from bad to worse

The value of Gourmet Burger Kitchen has been reduced by R874m, following a R373m write-down five months ago Famous Brands, owner of Steers and Wimpy, has now reduced the value of its premium burger chain in the UK by more than half since it bought the business two years ago. The offshore acquisition has blighted the company's otherwise solid track record, analysts say, comparing it to Woolworths' overzealous move to buy Australian department store chain David Jones in 2014. Famous Brands, which bought Gourmet Burger Kitchen (GBK) for £120m (R2.

Pressure on JSE continues, but gold miners shine

Global market sentiment spurs investors to pile into safe-haven assets as Naspers's fall is bad news for local bourse The JSE started the week on a negative note on Monday, with pressure on market heavyweight Naspers potentially putting the local bourse on track for its fourth consecutive weekly loss. Global market sentiment has become strongly risk off, with a series of political issues, including strained US-China relations, prompting investors to pile into safe-haven assets. This has benefited local gold miners, which gained 8.

Veritas pays homage to leading industry figures

Thereby five luminaries received the 2018 Living Legends Scroll of Honour for their dedication to and enthusiasm and passion for the local wine and brandy industries. Albert Eksteen graduated with an LLB degree from the University of Stellenbosch and joined KWV Legal Administration in 1985, becoming the Company Secretary 12 years later. During his career of 31 years he represented KWV and the wine producers in general in various negotiations and discussions with government and the industry.

Global steel body raises forecast for 2018, 2019 demand, but risks remain

* Expects steel demand to rise by 3.9 pct in 2018* Sees demand-growth at 1.4 pct the following year* Warns that trade tensions are clouding global economic outlook (Adds comment, detail)By Yuka ObayashiTOKYO, Oct 16 (Reuters) - The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for global demand growth for the material used in everything from cars to construction, but warned that the outlook was clouded by trade tensions.

BUSINESS: Microsoft co-founder Paul Allen dies at 65

(Reuters) - Microsoft Corp (MSFT.O) co-founder Paul Allen, who had been suffering from non-Hodgkin's lymphoma, a form of cancer, passed away at the age of 65 on Monday, his family said. Seattle Seahawks owner and Microsoft co-founder Paul Allen takes a photo prior to ringing the opening bell at the New York Stock Exchange January 30, 2014.

AFRICA: Trumpism killing EAC integration,says business executive

Mr Nicholas Nesbitt, chairperson of the East African Business Council, during an interview with journalists from across the six partner states of the East African Community in Nairobi recently. PHOTO BY STEPHEN KAFEERO  DAILY MONITOR - You are in the tech industry. What opportunities can East Africa leverage from the sector? I firmly believe the time is now for East Africa to really leapfrog and catch up with other parts of the developing world, and the way to do that is with digitisation.

PRESS DIGEST- British Business - Oct 16

Oct 16 (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 Paul Moraviec, the chief executive of ConvaTec Group Plc resigned on Monday.

The Business of Wine & Food Tourism Conference

Special Event Date: Wednesday, 17-Oct-2018 Time: 8:55 AM - 6:30 PM Venue: Spier Wine Estate The Business of Wine & Food Tourism conference has become a must-attend event for the tourism industry. The theme for 2018 will be Innovation and local and international speakers will present on what's hot and happening in the world of wine & food tourism. wineandfood.

China to show off its zeal to import but business awaits policies

By John RuwitchSHANGHAI, Oct 16 (Reuters) - China will soon host a huge trade fair to highlight its commitment to free trade and show off its willingness to import, but sceptical foreign businesses and diplomats say they want to see concrete policy changes to improve market access.The China International Import Expo, announced by President Xi Jinping in 2017, is aimed at calming mounting foreign concern about China's trade practices and to signal its willingness to narrow its trade gap with the United States and others.Authorities have been pulling out all the stops to ensure the success of the Nov.

Attacq introduces Waterfall's first high-rise luxury apartments

Attacq Limited along with Tricolt have announced plans to launch the first high-rise luxury apartments in Waterfall City, Ellipse Waterfall. Set to transform urban luxury living in Gauteng's fastest growing node, residents will be able to select the ideal living space to meet their requirements. From executive one-bedroom apartments of 444 square meters to flagship three-bedroom duplex penthouses, offering up to 372 square meters of living space, including rooftop gardens and heated pools.

Creditors call the shots at Steinhoff

As management asks for an extension on the lock-up agreement. The management of Steinhoff International Holdings is desperately fending off assorted creditors, lawsuits and other predators while trying to restore the multi-brand furniture and homeware retailer to some level of financial sustainability. In a market update, management has simultaneously tried to assure shareholders that all is under control at the struggling retail and manufacturing firm, while announcing that it has asked creditors to allow an extension of the lock-up agreement, delaying it from October 20 to November 20.

The Wall Street Journal: Climate change could crush beer makers — and drinkers — new study finds

Birthing the next royal baby will probably be cheaper than the average American birth The Wall Street Journal: Saudis weigh saying Khashoggi was killed by mistake By MarketWatch On 15 October 2018 · Leave a Comment Brewers including Anheuser-Busch InBev SA, Molson Coors Brewing Co. and Carlsberg A/S are taking steps to maintain supplies of barley, the main crop used in beer, amid climate change. A new study suggests their preparations might not be enough.

PE Business News: South African Airways Celebrates 20 Years of Excellent Service In Nigeria With Remarkable Global Recogniti

Promote your business on BuyPE and MyPR . South African Airways Celebrates 20 Years of Excellent Service In Nigeria With Remarkable Global Recognition. : SAA services the South African domestic market with destinations like Johannesburg, Durban, Cape Town, Port Elizabeth , and East London … and long haul amenity kits in Business and Economy Class.

Fin24.com | Yuan decision may top bill for `directionless' emerging markets

Inflation suddenly cools off after rapid rise, but it doesn't mean Fed will skip a rate hike Here's a map of all the Sears and Kmart stores closing in the US By fin24.com On 15 October 2018 · Leave a Comment Emerging markets will likely be beholden this week to a series of key decisions in the US.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Business Flutterwave completes series A extension round of financing, welcomes former Visa Chairman and CEO to its board

Award-winning payments technology company, Flutterwave has announced the completion its Series A Extension round of financing. The latest round of financing includes investments from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, and Raba Capital, among others. Flutterwave has now raised over $20 million to date and its largest investors include Green Visor Capital and Greycroft Partners.

Business Google introduces the first motorbike navigation mode in Africa, and its in Kenya!

Google has said it would offer motorbike mode on google maps in Kenya, offering the voice navigation for bike riders. This is the first in Africa as Google already provides the service in India and some other Asian nations. "For over a million Kenyans, boda bodas are a convenient and affordable way to move and transport goods from one place to another," Google said in a statement.

Yuan decision may top bill for `directionless' emerging markets

Emerging markets will likely be beholden this week to a series of key decisions in the US. Top of the list is an announcement due as early as Monday on whether the US Treasury will name China a currency manipulator, a label that may have repercussions for the next phase of the deepening trade dispute between the two countries. Then there's the Trump administration's reaction to the freeing of an American pastor held in Turkey for two years.

Nigeria swap deal shows renminbi's African rise

Nigeria 's signing of a new currency swap deal with China will boost financial stability and promote broader African-Chinese economic cooperation, according to analysts. Nigeria is the third African country to sign a swap deal with China, after Egypt and South Africa . "By reducing the dollar component of trade settlements between Nigeria and China, the cost of doing business between the two countries will fall and the naira should strengthen," says Linus Iwuajoku, head of enterprise intelligence at Diamond Bank, a Nigerian commercial bank.

WATCH: Checkout the winners MTN Business App of the Year Awards

Eskom warns of load shedding The Moneyologist: My wife and her sister bought a house for their mother—then it all went wrong By IoL Business Report On 15 October 2018 · Leave a Comment MTN has announced the winners of the Business App of the Year Awards and Khula! has won the grand prize.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Steinhoff asks creditors for restructuring extension

South African retailer Steinhoff  has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday. An accounting scandal wiped more than 90% off Steinhoff's market value and forced it to sell assets to generate working capital. Creditors agreed in July to hold off on their debt claims for three years, throwing the company a lifeline.

Hottest JSE-listed shares to buy, right now (by Arqaam Capital)

Every Monday on The Money Show, Bruce Whitfield asks an investment professional to share what she or he is buying. This week he interviewed Ashraf Mohamed, a Portfolio Manager at Arqaam Capital. Mohamed believes these are the best buys right now: African Rainbow Minerals Bidvest For more detail listen to the interview in the audio below.

1 Dead in Taxi rollover on the South Coast

KwaZulu-Natal: At 16H20 Monday afternoon Netcare 911 responded to reports of a serious collision on the N2 Umgababa on the KZN South Coast. Reports from the scene indicate that the driver of a mini-bus taxi lost control resulting in a rollover. One person sustained sadly died with many others injured.

Today, 19:40 Navigating the water ways

Paseka Lesolang may have just turned 30, but he has been at the forefront of a brand new industry for the past 10 years. The founder and managing director of Water, Hygiene, Convenience (WHC) produces several products that save water, including the Leak-Less Valve, which can ensure that up to 700 litres of fresh municipal water lost every day due to a single leaky toilet can be saved. He invented the device in his grandmother's garage when he was in matric after becoming annoyed with the incessant hissing of her leaking toilet.

Rand rallies on Moody's, stocks track Asia lower

A decision by Moody's to delay its review on South Africa's sovereign debt buoyed the rand to its strongest in a week as it rallied for the third straight session against the dollar on Monday. Stocks followed Asian stocks lower over concerns that trade war tensions between the United States and China were starting to affect economic growth in the world's second biggest economy. The rand was 1.

Fairlawns Boutique Hotel & Spa to host The Travelling Art Gallery

05 November 2018, Johannesburg, Fairlawns Boutique Hotel & Spa, will be collaborating with The Travelling Art Gallery to showcase South African artists at an exclusive Art Auction Dinner. The Travelling Art Gallery, started by Barbara Lenhard and Florian Gast, is an artists' initiative to exhibit talented South African artists, across the globe. Fairlawns, nestled in Sandton, is a well-known patron of the Arts and boasts over five acres of beauty, which is itself sheer artistry.

South African rand rallies on Moody's, stocks track Asia lower

New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg JOHANNESBURG (Reuters) - A decision by Moody's to delay its review on South Africa's sovereign debt buoyed the rand to its strongest in a week as it rallied for the third straight session against the dollar on Monday.Stocks followed Asian stocks lower over concerns that trade war tensions between the United States and China were starting to affect economic growth in the world's second biggest economy. The rand was 1.

Mzansi Super League team names and logos unveiled

The six Mzansi Super League (MSL) T20 tournament teams, their names and official logos were unveiled at a Media Briefing at the Cricket South Africa (CSA) offices on Monday. The competing teams (and their home venues) are: Cape Town Blitz (PPC Newlands) Durban Heat (Kingsmead) Jozi Stars (Bidvest Wanderers) Nelson Mandela Bay Giants (St George's Park) Paarl Rocks (Eurolux Boland Park) Tshwane Spartans (Supersport Park Centurion) The MSL T20 will run from 16 November to 16 December with the 32-match competition fixtures and tickets set to be announced shortly. "It was a thorough and well audited process that led to the six winning bids from our Members as well as the collective contribution from all stakeholders involved that led to the final names and logos which we also had to make sure met our objectives for this event," said Cricket South Africa Chief Executive Thabang Moroe.

Med crude-Urals diffs in NWE fall to 5-month lows

MOSCOW, Oct 15 (Reuters) - Urals crude differentials in northwest Europe hit their lowest level since May 4 on Monday on ample supply and sluggish demand for October barrels, while traders expect preliminary loading plans for early October to emerge on Tuesday. Russia's Surgutneftegaz added an extra cargo of Urals crude oil to the loading plan from Ust-Luga port in October, while Baltic cargoes with prompt loading dates were slow to clear, traders said on Monday. Backwardation in Brent CFDs has put additional pressure on prompt Urals cargoes, they added.

GroundUp: Court challenge to Mpumalanga coal mine

Archive Photo: Edna Molewa Case is significant for the future of South Africa's protected areas. First published by  GroundUp While much of her work was widely admired and supported, the legacy of the late Edna Molewa, who was Environmental Affairs minister, is not uncontested. And perhaps nowhere more so than in her decision to allow a new coal mine to be developed within a critical biodiversity and water conservation area of the highly threatened Mpumalanga grasslands.

Court Challenge to Coal Mine

By John Yeld While much of her work was widely admired and supported, the legacy of the late Edna Molewa, who was Environmental Affairs minister, is not uncontested. And perhaps nowhere more so than in her decision to allow a new coal mine to be developed within a critical biodiversity and water conservation area of the highly threatened Mpumalanga grasslands. This week, from Tuesday to Thursday (16 - 18 October), that decision - and by extension also Molewa's environmental legacy - will be under the spotlight in the Pretoria High Court.

MTN brings back Mahala Calls for prepaid subscribers

MTN For immediate release: 15th October 2018 JOHANNESBURG , South Africa, 15th OCTOBER 2018, African Press Association (APA) - From tomorrow, MTN will be bringing back Mahala Calls, as part of the MTN Zone offering - just in time for long summer days and holiday trips. MTN knows how important it is to stay in touch with loved ones and is always looking at ways to make this easier and more affordable for customers. MTN's latest offering does just that.

Fairlawns Boutique Hotel & Spa to host The Travelling Art Gallery

Artist; Corne Theron Photo: Fairlawns Boutique Hotel 05 November 2018, Johannesburg , Fairlawns Boutique Hotel & Spa, will be collaborating with The Travelling Art Gallery to showcase South African artists at an exclusive Art Auction Dinner. The Travelling Art Gallery, started by Barbara Lenhard and Florian Gast, is an artists' initiative to exhibit talented South African artists, across the globe. Fairlawns, nestled in Sandton, is a well-known patron of the Arts and boasts over five acres of beauty, which is itself sheer artistry.

Mondi continues with €340m containerboard machine investment in Slovakia

Fin24.com | Saudis begin internal probe into journo's disappearance as US tensions intensify Harvard on trial, Saudi Arabia threat, Amy Winehouse hologram By IoL Business Report On 15 October 2018 · Leave a Comment Mondi Limited said on Monday that it was proceeding with its investment in new 300 000 tonne kraft top white machine at Ruzomberok in Slovakia.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Global stocks resume downtrend

The rally recorded in global stocks on Friday was short-lived as they resumed their downtrend on Monday. The downtrend was led Asian markets which opened weaker on Monday erasing most of the previous session's gains. The Nikkei fell by 1.

WATCH: Checkout the winners MTN Business App of the Year Awards

DURBAN - MTN has announced the winners of the Business App of the Year Awards and Khula! has won the grand prize.  Khula is a  supply chain solution for emerging farmers, connecting them directly to the formal marketplace.  The app creates ‘one big virtual farm' consisting of multiple emerging farms to crowd-source and deliver on bulk orders from supermarkets, restaurant chains and for home delivery.

Famous Brands sees $6m impairment as UK burger business struggles

Sears Adds to the Depressingly Long List of Bankrupt Retailers-and Sends a Chilling Message to All Brands I knew nothing about #VBSBankHeist before report - Ramaphosa By IoL Business Report On 15 October 2018 · Leave a Comment Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of R874m.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

A business born from the arts hub

Tips to grow your wealth 10 Signs You're More Persuasive and Influential Than You Think By IoL Business Report On 15 October 2018 · Leave a Comment A young businessman who refused to quit has started a diversified production company as a creative vehicle to venture into entrepreneurship.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Papa Penny's funeral cover business has plans of going international

Johannesburg - TV personality Papa Penny now has his own funeral cover.   The reality star shared the news of his new endeavor on Instagram, posting a flyer of the company trading as Penny Penny Funeral Cover.   Speaking to  The Juice , Papa Penny's nephew Laas, who is also a partner in the company, said this is one of the many ways his uncle has chosen to give back to his community.

Aerion's supersonic business jet to meet U.S. noise standards

ORLANDO, Florida, Oct 15 (Reuters) - Aerion Supersonic, the developer of a $120 million supersonic business jet, said on Monday it would be able to take off and land without regulatory changes in the United States in a potential boost to efforts to bring back faster air travel.General Electric's GE Aviation unit has completed initial designs for a purpose-built engine for Aerion's AS2 jet, which could be flying in five years, the companies said on the eve of the world's largest business jet show."We're on track to fly in 2023, and before that year is out cross the Atlantic at supersonic speed, which will be the first supersonic crossing since the Concorde's retirement 20 years earlier," Aerion chief executive Tom Vice said ahead of the Oct.

Wits Business School Addresses the Energy Sector Skills Shortage

/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement. The energy landscape in Africa is changing dramatically. Opportunities abound for investments, partnerships and other initiatives in the sector, particularly in oil and gas and renewable energy.

Business Here's what you need to know about Heineken Lagos Fashion Week 2018

Heineken Lagos Fashion Week, one of the major events in African Fashion calendar which will feature thousands of fashion experts, enthusiasts and media across the continent and beyond The plans for the event was made known officially during a press cocktail that took place on the 11th of October 2018 in Lagos which had in attendance officials of the event major sponsors, Heineken. T According to organisers of LFW, its tents at Oniru will open between 10 am - 10 pm to participants, designers and models. During the cocktail, Obabiyi Fagade, Senior Brand Manager Heineken, reiterated his company's commitment to inspiring African consumers to break boundaries through the LFW platform.

UPDATE 2-South African rand rallies on Moody's, stocks track Asia lower

* Rand rallies for third session to fresh one-week best * Government bonds also firmed * Stocks fall, Naspers dips almost 6 percent (Updates prices, adds analyst quote) JOHANNESBURG, Oct 15 (Reuters) - A decision by Moody's to delay its review on South Africa's sovereign debt buoyed the rand to its strongest in a week as it rallied for the third straight session against the dollar on Monday. Stocks followed Asian stocks lower over concerns that trade war tensions between the United States and China were starting to affect economic growth in the world's second biggest economy. The rand was 1.

20 Injured in N3 taxi rollover near Tweedie

KwaZulu-Natal: At 14H05 Monday afternoon Netcare 911 responded to reports of a collision on the N3 south bound near Tweedie. Reports from the scene indicate that the driver of a mini-bus taxi lost control resulting in a rollover. A total of ten occupants sustained injuries ranging from minor to moderate.

Luxury high-rise apartments to be developed in Waterfall City

Tax Guy: How to game the new standard deduction — and 3 other ways to cut your 2018 tax bill Rand firms to R14.36 to embattled dollar, despite risk-off global trade By Business Day On 15 October 2018 · Leave a Comment Ellipse Waterfall, a partnership between JSE-listed Attacq and Tricolt, will bring urban luxury living to one of Gauteng's fast-growing business nodes   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Britain's FTSE shrugs off Brexit impasse while Convatec and Superdry sink

* FTSE 100 up 0.5 pct; midcaps down 0.9 percent* Gains in multinationals provide support* Financials lead FTSE 100 losers* Warnings sink ConvaTec and Superdry (Updates prices, adds details)By Danilo Masoni and Helen ReidMILAN/LONDON, Oct 15 (Reuters) - Britain's top share index managed a modest gain on Monday as a deadlock in Brexit talks depressed domestic stocks but helped multinational exporter companies as it weakened the pound.

Beer lovers face price spikes, shortages as climate changes - study

Prices will spike the most in Ireland, Italy, Canada and Poland. Climate change will brew trouble for beer lovers in coming decades as it shrinks yields of barley, the top grain used to make the world's most popular alcoholic drink, a study published on Monday said. Extreme weather events featuring both heat waves and droughts will occur as often as every two or three years in the second half of the century if temperatures rise at current rates, the study said.

UPDATE 1-Britain's FTSE shrugs off Brexit impasse while Convatec and Superdry sink

* FTSE 100 up 0.5 pct; midcaps down 0.9 percent * Gains in multinationals provide support * Financials lead FTSE 100 losers * Warnings sink ConvaTec and Superdry (Updates prices, adds details) By Danilo Masoni and Helen Reid MILAN/LONDON, Oct 15 (Reuters) - Britain's top share index managed a modest gain on Monday as a deadlock in Brexit talks depressed domestic stocks but helped multinational exporter companies as it weakened the pound.

Nedbank to buy back shares from minority shareholders

South Africa's Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old Mutual. Old Mutual, which holds 52 percent of Nedbank, has been dismantling its conglomerate structure, created after a series of acquisitions, since it moved its headquarters and primary listing to London in 1999. As part of the plan, it spun-off a majority stake in Nedbank on Monday and now holds around 19.

Fin24.com | Cape Town, Western Cape to enhance multi-billion halal tourism sector

Fin24.com | Steinhoff completes disposal of Austrian subsidiary Kika-Leiner Muslim tourists are likely to wield major spending power in the next 15 years, says Cape Town mayor Patricia de Lille - so Cape Town and the Western Cape plan to reposition as specialist tourist destinations for Islamic followers. Read the full article here.

Beer lovers face price spikes, shortages as climate changes -study

By Timothy GardnerWASHINGTON, Oct 15 (Reuters) - Climate change will brew trouble for beer lovers in coming decades as it shrinks yields of barley, the top grain used to make the world's most popular alcoholic drink, a study published on Monday said.Extreme weather events featuring both heat waves and droughts will occur as often as every two or three years in the second half of the century if temperatures rise at current rates, the study said.Average global barley yields during extreme events are expected to drop between 3 and 17 percent, depending on the conditions, said the study, published in the journal Nature Plants.

Paul Brandus: Like Hoover and Dubya, will Trump eat his words about the economy?

Why Anheuser-Busch InBev may cut its generous dividend Here's the painting Trump is displaying at the White House that everyone is talking about By MarketWatch On 15 October 2018 · Leave a Comment There are reasons to be concerned the U.S. economy, far from being the best it's ever been, is slowing down, writes Paul Brandus.

Beer lovers face price spikes, shortages as climate changes -study

WASHINGTON, Oct 15 (Reuters) - Climate change will brew trouble for beer lovers in coming decades as it shrinks yields of barley, the top grain used to make the world's most popular alcoholic drink, a study published on Monday said. Extreme weather events featuring both heat waves and droughts will occur as often as every two or three years in the second half of the century if temperatures rise at current rates, the study said. Average global barley yields during extreme events are expected to drop between 3 and 17 percent, depending on the conditions, said the study, published in the journal Nature Plants.

GLOBAL MARKETS-West-Saudi tensions lift safe havens; stocks slip

* Oil wobbles as West criticizes Saudi over missing journalist * Europe stocks tick higher after touching 22-month low * Safe havens shine: Yen, Swiss franc, gold rise (Updates after U.S. market open, changes dateline; previous LONDON) By Rodrigo Campos NEW YORK, Oct 15 (Reuters) - Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over economic growth, with investors flocking to traditional safe havens like the Japanese and Swiss currencies, as well as gold.

Steinhoff completes disposal of Austrian subsidiary Kika-Leiner

Retailer Steinhoff has completed the sale of Kika-Leiner property, the group said in a notice to shareholders on Monday afternoon. The retailer had announced intentions to sell the Austrian subsidiary in July this year. At the time CEO Danie van der Merwe said the Kika-Leiner businesses were loss-making and required "significant investment" to turnaround, Fin24 previously reported.

Why Anheuser-Busch InBev may cut its generous dividend

Collapse of Sars's digital platform is ‘imminent'‚ IT exec tells inquiry By Business Day On 15 October 2018 · Leave a Comment The Belgian beermaker pays its shareholders way more than the industry average, yet its $109bn debt is much higher. This is clearly unsustainable   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Cameroon gaming startup trains new generation of business superheroes

Olivier Madiba Off a dusty path in the capital city, flanked by chickens roosting in the grass, one of Cameroon's most successful digital startups is capitalising on its success to foster a new generation of entrepreneurs. Founded in 2013, Kiro'o Games has grown to become Central Africa's first major video games studio. It draws on African mythology rather than Hollywood for inspiration, as in its fantasy role-playing game "Aurion: Legacy of the Kori-Odan".

Vodacom Business launches its own SD-WAN product

A Software-Defined Wide Area Network - or SD-WAN - has become something of a staple in enterprises, and now Vodacom has launched its own offering. Through Vodacom Business, the network operator has become the first telecoms firm in South Africa to launch an SD-WAN product, which is curious. It's not so much that Vodacom offers an SD-WAN now but rather that it took so long.

A business born from the arts hub

A young businessman who refused to quit has started a diversified production company as a creative vehicle to venture into entrepreneurship..

Check out these Joburg markets

Every weekend across the country there are easy-going markets that are family-friendly and provide a number of activities - from live music, art and food stalls, as well as petting zoos and play areas for children. The list is endless. Gauteng is filled with farmers markets which have become popular over recent years, attracting not only South Africans, but also international tourists.

Europe Markets: Europe markets struggle as global stocks teeter

Real Foods appoints two new board members German voters are getting tired of immigration debate By MarketWatch On 15 October 2018 · Leave a Comment European stock markets wobbled at the start of the week, with investors carefully watching the U.S. for direction, as earnings season gets under way.

One of Goldman Sachs' ex-top strats set up a little advisory business

Remember Bobby Vedral? He's the former Goldman Sachs partner who managed cross asset global market strats for Goldman's securities division. Vedral left Goldman in March and has just turned up running a little advisory operation of his own. Titled ‘Macro Eagle', Vedral's new venture revolves around a series of monthly macro-focused newsletters in which he shares his opinions on everything from Brazil, Brexit, Italy and Turkey to Elon Musk smoking pot.

Famous Brands sees R874m impairment as UK burger business struggles

South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of R874-million, sending its shares down 7%. The company blamed the impairment on the difficult trading conditions and sustained underperformance of its UK Gourmet Burger Kitchen (GBK) business. For the six months ended August 31, the company expects GBK to record an operating loss of £2.

BREAKING NEWS: Local cyclists banned for doping

According to a press release released by the South African Institute for Drug-Free Sport (SAIDS) earlier today, the 2017 South African marathon champion and Sabie resident was charged for suspicious variations in his Athlete Biological Passport (ABP) that indicated doping. He could not satisfactorily explain to a panel of international experts appointed by SAIDS the reasons for the variation. During the Sappi Mankele MTB Challenge in March, Knox finished in second place with a time of 2:29,40.

How failing can put an entrepreneur on the path to success

Failure may be inevitable, but it isn't final. Every stumbling block is also a stepping stone to success. These entrepreneurs who are not afraid of a failure share valuable lessons in entrepreneurship, perseverance and the purpose of embarking on this journey.

City of Johannesburg CA Training Programme 2019

Mon, 10/15/2018 - 12:38 The City of Johannesburg Metropolitan Municipality is committed to developing and increasing financial management skills within the public sector by creating more professional training opportunities for prospective Chartered Accountants. The City's Academy for Chartered Accountants Training Programme The programme is geared towards providing trainees with the opportunity of gaining valuable hands-on work experience, dedicated training in financial management and all its disciplines, a broad exposure to a variety of Local Government business operations and management functions. The programme is designed to strengthen the public sectors financial skills base with the intention to retain local government trained chartered accountants.

DStv subscribers can now get the JOOX music streaming service for free

Johannesburg - DStv subscribers can now use the JOOX music streaming service for free, for up to five family members. JOOX has millions of local and international songs and offers users unique features, such as karaoke and in-app competitions and rewards along with exclusive artist content, great playlists and the hottest charts. HERE'S MORE ABOUT THE NEW DEAL:  HOW TO ACTIVATE YOUR SUBSCRIPTION:  To activate your JOOX subscription today and enjoy the very best of music streaming, simply download the app from your app store, tap on the DStv banner in the main menu or your profile image, select JOOX VIP and then DStv Customers.

Luxury high-rise apartments to be developed in Waterfall City

Ellipse Waterfall, a partnership between JSE-listed Attacq and Tricolt, will bring urban luxury living to one of Gauteng's fast-growing business nodes Nearly a decade into its life, Attacq is building residential assets in the Waterfall precinct for the first time. JSE-listed Attacq, which owns Mall of Africa and the PwC office tower, has partnered with Tricolt, a leading property development company, to launch the first high-rise luxury apartments in Waterfall City. If these succeed, other residential assets will be added to the precinct.

Who benefited after KPMG ‘died for the sins of others'?

PRETORIA - When the Gupta shenanigans started they were aimed at not only to discredit former president Jacob Zuma but to also depose him as the country's elected president. My view is that there was never a genuine intention to rid South Africa of corruption. Corporate corruption is rampant and nobody wants to deal with it.

Why AB InBev may cut its generous dividend, in four charts

Anheuser-Busch InBev is the most generous big food-and-beverage company in the world when it comes to paying cash out to shareholders. That largess could end as soon as next week. The reason? The Belgian beermaker is the most indebted company in the industry, in both absolute terms and relative to earnings.

Global markets retreat as tension between West and Saudi Arabia intensifies

Blue Flag beaches remain scarce along eThekwini's coastline Japan's prime minister announces sales tax hike from 8% to 10% By Business Day On 15 October 2018 · Leave a Comment A bounceback in oil prices and rising tension global add to a cocktail of concerns that battered global stocks last week   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

6 Ways Being A Mom Helped Me In Business

When you become a mom, you don't just learn how to parent, you learn a valuable set of skills that can help you in your business as well. I know having kids has helped me to run my business better.  Time management.

Dawn raids by regulators at your business?

In a climate of increased competition law enforcement, having the right tools at your disposal is imperative.   The South African Competition Commission has established a reputation for relentlessly pursuing its cartel enforcement objectives. Over the past three years, the Commission has raided over 70 companies and conducted hundreds of cartel investigations.

Environmental group seeks to revoke Greek coal power plants permit

ATHENS, Oct 15 (Reuters) - Environmental campaign group ClientEarth has launched a legal challenge seeking to revoke a permit for two coal-fired power plants in Greece, one of which has yet to be built, it said on Monday. ClientEarth said it launched the action with the Greek branches of Greenpeace and the World Wildlife Fund (WWF) because Greece had failed to comply with Greek and European Union laws when renewing the permit. "Greece's power plants have an abysmal track record of shaky permitting, which consistently fails to protect its citizens and the environment from the harmful effects of burning lignite", ClientEarth lawyer Eleni Diamantopoulou said in a statement.

Joox partners with DStv so you can stream music for free

Multichoice's DStv is on a path to "put together the best 360 entertainment package in South Africa", according to a press release announcing a new partnership. The new partner? Local streaming service (think a South African Spotify), Joox… which, not coincidentally, is also part of the Naspers stable that includes DStv, Showmax, Voov and others. If you're a DStv subscriber, you're in for a treat.

Ford, Uber, cancel plans for Saudi event after journalist vanishes

Currencies: Dollar slips as yen and franc havens gain Attacq, Tricolt start R1.2bn high-riser project in Waterfall City By IoL Business Report On 15 October 2018 · Leave a Comment The cancellations could pressure other firms like Goldman Sachs, Mastercard, Bank of America to reconsider their plans to attend the investor event.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Attacq, Tricolt start R1.2bn high-riser project in Waterfall City

Ford, Uber, cancel plans for Saudi event after journalist vanishes Steinhoff reassures investors it has made ‘substantial progress' with creditors By IoL Business Report On 15 October 2018 · Leave a Comment The first high-rise residential apartments are to be built in the heart of Waterfall City at a total development cost of R1.2bn.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Alumina wake-up call for the aluminium supply chain: Andy Home

(The opinions expressed here are those of the author, a columnist for Reuters)* Alumina price turbulence: https://tmsnrt.rs/2OqGq29* Global alumina production: https://tmsnrt.rs/2Ou4QHRBy Andy HomeLONDON, Oct 15 (Reuters) - The alumina market is experiencing a year of unprecedented turbulence.

Policy UN Women's global HeforShe initiative to drive gender equality

Gender equality is a fundamental human right but remains a distant dream for many women worldwide. The "Achieving gender equity is a moral duty, a business imperative, and just plain common sense. Women embody half the world's talent, skill and energy - and more than half of its purchasing power.

COLUMN-Alumina wake-up call for the aluminium supply chain: Andy Home

(The opinions expressed here are those of the author, a columnist for Reuters) * Alumina price turbulence: tmsnrt.rs/2OqGq29 * Global alumina production: tmsnrt.rs/2Ou4QHR By Andy Home LONDON, Oct 15 (Reuters) - The alumina market is experiencing a year of unprecedented turbulence.

Why Anheuser-Busch InBev may cut its generous dividend

The Belgian beermaker pays its shareholders way more than the industry average, yet its $109bn debt is much higher. This is clearly unsustainable Anheuser-Busch InBev is the most generous big food-and-beverage company in the world when it comes to paying cash out to shareholders. That largess could end as soon as next week.

Metals Stocks: Gold advances, tests territory last visited in July

Steinhoff reassures investors it has made ‘substantial progress' with creditors Sugar industry review seeks to recognise black cane growers By MarketWatch On 15 October 2018 · Leave a Comment Gold prices rebound Monday from Friday's brief respite, heading back toward territory last reached in late July, as stock markets indicate more red was on the way and a leading dollar index declines.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Eliminating human error in industrial…

In the South African industrial manufacturing and retail industries, businesses are faced with economic pressure and constantly increasing demand. This requires constant innovation and the application of best practice, especially in the effective management of warehouses, finance, planning, production and supply chain processes. While these processes are often managed by dedicated staff, the propensity for human error leads to monumentally damaging operational inefficiencies - and the larger the business, the greater the damage.

Steinhoff reassures investors it has made ‘substantial progress' with creditors

Oil price climbs on tensions over missing Saudi journalist Sugar industry review seeks to recognise black cane growers By Business Day On 15 October 2018 · Leave a Comment The struggling furniture retailer says it has achieved some important milestones necessary to stalilise the group   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

How to bring South Africa's fuel prices down - Use Sasol!

How to bring South Africa's fuel prices down - Use Sasol! Just a quick thought: I have noticed that, quite apart from the large percentage of the debilitating fuel prices in South Africa being due to government taxes, our fuel is much more expensive than in the African countries surrounding us. (Check out these comparisons). What strikes one when you look at these comparisons, is that countries which produce oil or gas pass the advantage on to their citizens in the form of cheaper fuel prices, which makes perfect sense.

Sugar industry review seeks to recognise black cane growers

Steinhoff reassures investors it has made ‘substantial progress' with creditors By Business Day On 15 October 2018 · Leave a Comment The review follows complaints by the SA Farmers Development Association to the government that it is not adequately represented within the industry   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Rand firms, stocks dip 2% tracking Asia

Stocks fall, Naspers dips almost 6% Read the full article here . This content was originally published by Moneyweb . Original publishers retain all rights.

South African rand firms, stocks dip 2 percent tracking Asia

JOHANNESBURG (Reuters) - South Africa's rand firmed against the dollar on Monday while stocks fell, tracking weaker Asian stocks amid worries that trade war tensions were starting to take a toll on economic growth in China. The rand was 0.5 percent stronger at 14.

Tiger Brands surges with polony back on the menu

DURBAN - Tiger Brands' share price rose by more than 5 percent on the JSE after the group announced that it would re-open its Germiston value-added meat products processing facility, which was affected by the listeriosis outbreak.  The Germiston facility was closed in March as a precautionary measure after the listeriosis bacteria was detected there. The group also recalled all ready-to-eat Snax products.

#HelpIsEverything - Get Gold Business from FNB.

Business can mean many things… Whatever business means to you, it takes a bank that does more to help start, run and grow your business. Get Gold Business from FNB. www.

Wits Business School addresses the energy sector skills shortage

The energy landscape in Africa is changing dramatically.  Opportunities abound for investments, partnerships and other initiatives in the sector, particularly in oil and gas and renewable energy. The World Bank's Africa Energy project portfolio currently carries 48 projects totalling $3-billion.

Famous Brands sees $60 mln impairment as UK burger business struggles

JOHANNESBURG (Reuters) - South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of 874 million rand ($60 million), sending its shares down 7 percent.The company blamed the impairment on the difficult trading conditions and sustained underperformance of its UK Gourmet Burger Kitchen (GBK) business. For the six-months ended August 31, the company expects GBK to record an operating loss of 2.

The most hilariously bad business names ever

It's amazing how many bad ideas actually turn into business brands. These are the company or product names that make you wonder: What were they thinking? Were they high or just clueless? Did the marketing director not have access to an internet search engine, or at least a dictionary? Just for the fun of it, we pulled together this roster of the worst company names — maybe someone's late-night ideas that don't really hold up to the light of day. Our criteria for this completely subjective list include: Incredibly poor taste Groan-worthy or nausea-inducing puns URL fails And now, in no particular order, but starting with a name that tops the category of "incredibly poor taste"… Click or swipe to view the gallery.

Supply chain solution Khula! bags 2018 MTN Business App of the Year grand prize

Khula!, a supply chain solution that connects emerging farmers directly to the formal marketplace, has won the grand prize at the 2018 MTN Business App of the Year Awards. Khula! was also announced as the winner of the Best Agriculture Solution category at a gala event that was held in Johannesburg last Wednesday (10 October). As part of the grand prize, Khula! developers won a trip to Silicon Valley in the US valued at R200 000.

Steinhoff kicks can down the road, asks creditors for extension

JOHANNESBURG — Steinhoff's management is currently doing everything it can to try and delay the seemingly inevitable. The embattled company has now asked creditors for an extension of a lock-up agreement. Creditors, as well as enraged shareholders with class-action lawsuits, are circling around the company, looking to pounce and get their pounds of flesh.

PIC under scrutiny over R70bn ‘unlisted' investments

The PIC, Africa's largest asset manager, has come under intense scrutiny for some of its controversial investments decisions lately. | CAPE TOWN - The Public Investment Corporation (PIC) has not disclosed details of R70 billion worth of its "unlisted" investments. The Democratic Alliance (DA) says the PIC has disclosed detailed information about investments in its "unlisted investment portfolio" for the past two years before the medium-term budget policy statement, but not this time around.

Attacq launches 26-storey high-rise luxury apartment building

South Africa 4th Floor West Tower, Sandown Mews, 88 Stella Rd. Sandton, Gauteng South Africa 2196 +27113840300 CNBC Africa Nigeria 6th Floor (East & West Wing), South Atlantic Petroleum Towers, 1 Adeola Odeku Street, Victoria Island, Lagos State Nigeria +234 (1) 279 8034/ 5 CNBC Africa Kenya 4th Floor CVS Plaza Business Park Nairobi Kenya +254 728202051 CNBC Africa Rwanda RBA office KG7 Avenue Kacyiru Kigali Rwanda +250-734175008 Admin Office: 1st floor Kigali Convention Centre Kigali Roundabout Kimihurura Kigali Rwanda.

Rand firms, stocks dip 2% tracking Asia

Stocks fall, Naspers dips almost 6% Rand firmed against the dollar on Monday while stocks fell, tracking weaker Asian stocks amid worries that trade war tensions were starting to take a toll on economic growth in China. The rand was 0.5% stronger at 14.

Court challenge to coal mine

While much of her work was widely admired and supported, the legacy of the late Edna Molewa, who was Environmental Affairs minister, is not uncontested. And perhaps nowhere more so than in her decision to allow a new coal mine to be developed within a critical biodiversity and water conservation area of the highly threatened Mpumalanga grasslands. This week, from Tuesday to Thursday (16 - 18 October), that decision - and by extension also Molewa's environmental legacy - will be under the spotlight in the Pretoria High Court.

DStv adds free Joox music streaming to bouquets

MultiChoice said on Monday that it is adding the Joox VIP streaming music service as a free value-add to DStv Premium, Compact and Compact Plus subscribers as the pay-television operator fights to retain market share in an increasingly competitive environment. The music streaming service — which competes with similar services from Spotify Technology, Apple and Google — is owned by Tencent, in which MultiChoice parent Naspers holds a 31.2% stake.

Stephen van Coller in EOH share buying spree

EOH Holdings CEO Stephen van Coller Newly appointed EOH Holdings CEO Stephen van Coller is snapping up the JSE-listed IT services group's shares, a regulatory filing on Monday shows. Between 9 October and 12 October, Van Coller, who joined EOH from MTN Group, bought 250 000 shares worth a combined R8.3-million.

What to Do Right Now if Your Business is Facing a Financial Crisis

Has your small business been blindsided by an unexpected financial emergency and do not know what to do? Whether it's a loss of a major account, medical expenses, or an emergency office repair, an unexpected change of your business financial situation can be incredibly stressful. "The bills still need to be paid, the utilities need to stay on, your employees need to be paid, and you need to put food on the table, so how should you cope with a financial crisis of your business?", says Petro  Surman  Independent Financial Adviser and Owner of  Pro-Sure Brokers . 1.

Famous Brands sees R874m impairment as UK burger business struggles

The company expects the sustained underperformance of its UK Gourmet Burger Kitchen (GBK) business to record an operating loss of 2.6 million pounds. South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of R874 million ($60 million), sending its shares down 7%.

SHARE TO WATCH: Remgro the single most attractive share on the JSE

IKEA has a plan to get Indians to actually buy its furniture Trade-war-weary investors turn to gold By IoL Business Report On 15 October 2018 · Leave a Comment If I had to choose only one share to invest in on the JSE, it would probably be investment holding company Remgro… writes Amelia Morgenrood.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

R2 billion investment in Joburg inner-city developments

ABSA Towers Main and Jewel City to be redeveloped and linked to Maboneng.   Divercity Urban Property Fund is investing R2bn in Johannesburg as part of its strategy to create thriving mixed-use inner-city precincts. This investment, the largest in the Johannesburg CBD for some years, is focused on the redevelopment of the iconic ABSA Towers Main building and Jewel City.

JSE starts week on a negative note as Naspers plunges

Famous Brands warns shareholders of severe indigestion from UK deal By Business Day On 15 October 2018 · Leave a Comment The internet and media company is tracking losses in its associate, Tencent, while a slightly firmer rand has failed to lift banks and retailers   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

A big bad bear market or a correction?

‘I think what we're seeing at the moment is unsettling for investors but it's a very healthy correction, a very badly needed correction' - Tony Bell, Vunani Fund Managers. Content hosted by iono.fm RYK VAN NIEKERK: Welcome to this Market Commentator podcast, it is the weekly show where I speak to leading investment professionals.

Why South Africa's Nedbank is buying back shares from minority shareholders

Nedbank Group Ltd to buy back its stock from shareholders who hold less than 100 Nedbank shares. JOHANNESBURG (Reuters) - South Africa's Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old Mutual. Old Mutual, which holds 52 percent of Nedbank, has been dismantling its conglomerate structure, created after a series of acquisitions, since it moved its headquarters and primary listing to London in 1999.

Capital & Regional discloses new share issuance, and plunges almost 20%

The scrip dividend shares will rank pari passu in all respects with the company's existing issued ordinary shares, meaning there will be no special preference for the new shares Property company Capital & Regional, which owns a number of shopping centres in the UK, plunged 19.3% to R7.21 in morning trade on Monday after announcing a new share issuance of 3.

Steinhoff asks creditors for restructuring extension

A sign is seen in a Poundland store in London JOHANNESBURG (Reuters) - South African retailer Steinhoff, has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday. An accounting scandal wiped more than 90 percent off Steinhoff's market value and forced it to sell assets to generate working capital. Creditors agreed in July to hold off on their debt claims for three years, throwing the company a lifeline.

UPDATE 1-South African rand firms, stocks dip 2 percent tracking Asia

* Stocks fall, Naspers dips almost 6 percent (Update prices and analyst quote) JOHANNESBURG, Oct 15 (Reuters) - South Africa's rand firmed against the dollar on Monday while stocks fell, tracking weaker Asian stocks amid worries that trade war tensions were starting to take a toll on economic growth in China. The rand was 0.5 percent stronger at 14.

Investor lays into mining executives for preserving their jobs over value

MINING company executive focused too much attention on production growth and reserve replacement because it was more interested in preserving itself than on investor returns - a  claim at a recent conference that drew a reaction from at least one CFO. "The reason mining companies want to replace the whole time is because you've got a bunch of well-paid executives sitting at the top that need a job to carry on. They can't mine themselves out of existence.

Sibanye-Stillwater vaults as much as 22% on another day of gold share gains

SHARES in Sibanye-Stillwater climbed by more than a fifth during mid-morning trade on the Johannesburg Stock Exchange today - a development the company said was reflective of its "better outlook". "We are recovering from the significant negativity from the first quarter and the market is starting to reflect the better outlook," said James Wellsted, head of investor relations for the firm which was 17.6% stronger at the time of writing.

Steinhoff reassures investors it has made ‘substantial progress' with creditors

The struggling furniture retailer says it has achieved some important milestones necessary to stalilise the group Struggling furniture retailer Steinhoff issued a statement on Monday morning in which acting CEO Danie van der Merwe reassured investors it was making "substantial progress" with its creditors. In a separate statement, industrial holding company KAP said Van der Merwe would be leaving its board at its annual general meeting in November. "Over the last three months we have made substantial progress with the restructuring process, achieving a number of important milestones necessary to stabilise the group's finances," Van der Merwe said in Monday morning's media release.

Cosatu: stop treating private sector corruption differently to public sector

The Congress of Trade Unions of South Africa (Cosatu) has called on law enforcement, the media and the public in general to stop treating corruption in the private sector differently to that in the public sector.  The organization issued a statement related to the looting that has occurred at VBS Bank and pointed out the difference in the outrage expressed versus the low volume outrage expressed at the Steinhoff saga. The statement "noted with utter repulsion the reports detailing the vulgar corruption that took place at VBS Bank.

Stephen van Coller in EOH share buying spree

The counter has shed more than two-thirds of its value in the past 12 months. Newly appointed EOH Holdings CEO Stephen van Coller is snapping up the JSE-listed IT services group's shares, a regulatory filing on Monday shows. Between October 9 and October 12, Van Coller, who joined EOH from MTN Group, bought 250 000 shares worth a combined R8.

Polymetal obtains controlling stake in noncore Veduga

Gold miner Polymetal International has obtained a controlling interest in the Veduga deposit in Russia's Northern Yenisey belt, opening the door for "multiple strategic options" for the noncore asset. The miner has agreed to increase its stake in the Veduga deposit to 74.3% through the acquisition of a 31.

Those involved in "Great Bank Heist" must be dealt with swiftly - Ramaphosa

President Cyril Ramaphosa wants developments around the VBS scandal to be dealt with swiftly, adding that all the individuals implicated should face the music The president said this on Saturday during his address at the Fundraising Gala Dinner hosted by the ANC KwaZulu-Natal Musa Dladla Region. South Africa was being looked at by international investors which is why it was important that issues such as corruption were dealt with speed, Ramaphosa said. He said the VBS saga was concerning just as the Steinhoff scandal that broke out last year.

EDITOR'S LUNCHBOX: Robert Nugent is biased against me, Tom Moyane protests

Jacob Zuma started repaying his R7.8m VBS loan 18 months after the loan was granted, and ‘Perhaps the Guptas were among the few who knew that VBS was not a safe place for their money,' Stuart Theobald writes Stories of note Bytes from the digital world Tom Moyane describes himself as the most successful Sars commissioner in democratic history, calling the Nugent inquiry a witch-hunt and saying that he has been targeted by Pravin Gordhan out of "envy and downright jealousy". Former president Jacob Zuma started repaying his R7.

Good Business Basics: Lack of foresight is disappointing

My work engagements require me attending meetings across the province, many of them in government-owned buildings. I am appalled at the condition of most of these premises, the lack of care and maintenance and the apparent lack of concern for hard earned infrastructure, designed to last for generations. ALSO READ :  Good Business Basics: Municipal structures are in trouble The most recent of my experiences was an inspection of the Ugu Sports and Leisure Centre, for an upcoming Chamber event, which barely a few years after construction, looks shabby and decrepit in the extreme.

Creating Your Own Successful Bitcoin Business-Part 45

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

7 Tips on how to keep your customers happy55m ago | BUSINESS

While every business aspires to getting new customers, it's important not to forget that real success is being able to keep the customers you already have. With so many competitors around, how do you keep your customers coming back to you? Here are 7 tips on how you can offer an excellent customer experience that will set your business apart, written in collaboration with Merchants. 1.

Famous Brands sees $60 mln impairment as UK burger business struggles

JOHANNESBURG, Oct 15 (Reuters) - South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of 874 million rand ($60 million), sending its shares down 7 percent. The company blamed the impairment on the difficult trading conditions and sustained underperformance of its UK Gourmet Burger Kitchen (GBK) business. For the six-months ended August 31, the company expects GBK to record an operating loss of 2.

Rand strikes resilient note as global markets wobble

The UK just announced a long-term strategy to tackle loneliness By Business Day On 15 October 2018 · Leave a Comment On Friday, Moody's Investors Service deferred its decision to review SA's debt rating to a later date   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

The global ties that are fueling the volatile currency markets

The world's currency markets have been through some turbulent times. None more so than the past few weeks, when emerging market countries have seen their currencies dip significantly . Specifically, countries such as Argentina, Indonesia and Turkey have seen their currencies plummet - with the largest factor for the decline being the U.

Global markets retreat as tension between West and Saudi Arabia intensifies

London — World markets turned tail again on Monday, as a bounceback in oil prices and rising tension between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Asia had seen Japan's Nikkei and China's main bourses take fresh tumbles on trade and currency jitters and Europe's Stoxx 600 dipped to a new 22-month low in early trading as the gloom refused to lift. The ebbing confidence boosted traditional safe-haven assets.

Hong Kong stocks weighed down by falls for mainland markets

* HSI down 1.38 pct, with HSCE losing 1.5 pct IT sub-index dropped as much as 3 pct* Stocks led lower by mainland market, trade war worriesBy Noah SinHONG KONG Oct 15 - The Hong Kong stock market closed lower on Monday, weighed down by the falling mainland market and concerns over the US-China trade conflict continued to limit investors' appetite.

China private group GCL hires CNOOC execs to fast-track gas business - sources

* Hires CNOOC gas execs to fast-track development * Explores gas in Ethiopia, plans gas export from Djibouti * Plans 3 mln tpy LNG receiving terminal in Rudong, Jiangsu By Chen Aizhu BEIJING, Oct 15 (Reuters) - China's privately owned GCL Group Holding has hired senior officials from state oil and gas major CNOOC to fast-track its burgeoning natural gas business, three senior company officials said. GCL is planning a liquefied natural gas (LNG) export project in the African country of Djibouti and a LNG receiving terminal in east China. reut.

The Small Business Corner: Dogtown SA

WE at people magazine believe in the small business enterprise as a driver of our economy. We are strong supporters of individuals who exhibit an entrepreneurial spirit and who are creating jobs. And that's why we want to give them our full support.

FEATURE-Crowdfunded solar panels aim to supercharge business in Africa

KISII, Kenya, Oct 15 (Thomson Reuters Foundation) - Like many small-scale farmers in densely populated Kisii County in western Kenya, James and Janet Torori long depended on bananas, maize and a single dairy cow for food and income. "Like everyone else around here we have relied on two crops to support our family and it has not been easy earning a decent income considering that what we have been producing is what everyone else produces," James Torori said. But over the last year they've found another promising source of cash: Using green electricity from a local solar micro-grid to power a hatchery and raise chicks for sale.

Centrica subsidiary to buy U.S.-based retail electricity business

LONDON, Oct 15 (Reuters) - * Centrica subsidiary Direct Energy Business has agreed to buy the retail electricity business of Source Power and Gas LLC, a wholly owned indirect U.S. subsidiary of Australian power company ERM Power Limited, Centrica said on Monday * Source Power & Gas is a Sugar Land, Texas, based retail energy provider serving commercial and industrial customers.

Stephen van Coller in EOH share buying spree

The counter has shed more than two-thirds of its value in the past 12 months. Newly appointed EOH Holdings CEO Stephen van Coller is snapping up the JSE-listed IT services group's shares, a regulatory filing on Monday shows. Between October 9 and October 12, Van Coller, who joined EOH from MTN Group, bought 250 000 shares worth a combined R8.

Standard Bank talks Bitcoin and blockchain technology

Standard Bank is launching a series of events to explore the benefits and risks of emerging technology solutions in the world of financial services. "If harnessed correctly, powerful technologies like blockchain can unleash new avenues for growth and revolutionise the way Africans bank," said Naomi Snyman, Blockchain Lead at Standard Bank Group. There is, however, a misperception that banks are scared of, or reluctant to, engage with emerging technologies.

Glencore to cut jobs at Australia's Hail Creek coal mine

Oct 15 (Reuters) - Glencore Plc said it would cut about 30 percent of its workforce at its Hail Creek coal mine in Australia, after a review of the operations.The mine's workforce will be reduced to 930 from 1360, said Glencore, which bought the mine from Rio Tinto in March.(Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely) 2018-10-15 10.

Embracing the cognitive engine in the pursuit of insights from analytics

Original equipment manufacturers (OEM) are hard pressed to innovate, cut costs and utilise value driving tools to streamline their operations. In a digital world, achieving this requires the ability to draw real insights from data analytics; and this in turn requires the ability to analyse data in a unique and powerful way. Recognising this need in the market, Modernising Management (a Top 5 South African Qlik Master Reseller [SAQMR] Gold and OEM Partner) recently launched its innovative Analytics2Insight platform.

What leads companies down the path of corruption...and how to avoid it

Several countries in South Africa and globally have been embroiled in corruption scandals one after the other. These are companies that were once thought to be reputable and upright. Companies like VBS, Steinhoff, Fidentia, Enron and KPMG have lost their good reputation after drawing attention to corruption in South Africa.

Media must be diligent about its independence - Ton Vosloo

When the founders of the Nasionale Pers, today Naspers, started the company in 1915 , it consisted of a single newspaper title, De Burger. Today it is regarded as one of the largest media and technology companies in the world which has services in more than 130 countries. It has diversified to include pay TV, telecommunications and e-commerce industries, among others.

A look at the new R1.2 billion high-rise luxury apartments in Waterfall City

Listed developer Attacq has partnered with property development company, Tricolt, to launch the first high-rise luxury apartments in Waterfall City. The development is comprised of four towers - the Newton, Kepler, Da Vinci and Galileo - totalling 590 apartments. The first phase of development is set to be completed by 2021 - with apartment prices ranging from R1.

Glencore's Hail Creek restructuring hits 400 jobs

PERTH (miningweekly.com) - Diversified miner Glencore has announced plans to ‘reconfigure' its Hail Creek coal mine, in Queensland, resulting in nearly 400 job losses. The miner announced that the two-dragline operation would be reconfigured into a truck-and-shovel mine, with a seven-day on, seven-day off roster.

Britain's FTSE relatively stable as Brexit impasse has mixed impact

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct; midcaps down 0.7 percent* Gains in international stocks provide support* Banks, housebuilders lead FTSE 100 losers* Warnings hit heavily ConvaTec and SuperdryBy Danilo MasoniMILAN, Oct 15 (Reuters) - Britain's top share index was steady on Monday as a deadlock in Brexit talks depressed domestic stocks but helped internationally focused companies as it weakened the pound.

UPDATE 1-Glencore to cut jobs at Australia's Hail Creek coal mine

(Adds details on restructuring, background on mine) Oct 15 (Reuters) - Glencore Plc said it would cut about 30 percent of its workforce at its Hail Creek coal mine in Australia, following a review of its operations. The mine's workforce will be reduced to 930 from 1360, said Glencore, which bought the mine from Rio Tinto in March. The miner, which began operational management of Hail Creek from Aug.

What leads companies down the path of corruption...and how to avoid it

Several countries in South Africa and globally have been embroiled in corruption scandals one after the other. These are companies that were once thought to be reputable and upright. Companies like VBS, Steinhoff, Fidentia, Enron and KPMG have lost their good reputation after drawing attention to corruption in South Africa.

SqwidNet heightens Sigfox influence with Fidelity ADT

Private and commercial security services firm Fidelity ADT has chosen to partner with South African Sigfox operator SqwidNet. According to statement issued by SqwidNet, Fidelity ADT will use Sigfox services to "improve customer experience, efficiencies and explore new markets and services, ensuring they are continuously improving for their customers." Carel Wessels, Group Chief Technology Officer of the Fidelity Security Group, said, "Fidelity ADT offers 24/7 monitoring and armed response services for private and commercial premises in South Africa.

Steinhoff asks creditors for restructuring extension

JOHANNESBURG - South African retailer Steinhoff , has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday. An accounting scandal wiped more than 90% off Steinhoff's market value and forced it to sell assets to generate working capital. Creditors agreed in July to hold off on their debt claims for three years, throwing the company a lifeline.

Warning to new owners of acquired farmland

PRESIDENT Cyril Ramaphosa yesterday warned land redistribution beneficiaries against engaging in corruption over proceeds of businesses operating on their acquired land. Ramaphosa was handing over lucrative land to KwaMkhwanazi communities in Richards Bay, on the KZN North Coast. The land has massive sugarcane and timber plantations.

Kevin Hedderwick joins Kauai owner ahead of possible listing plans

Real Foods, the unlisted holding company of Kauai, has recruited two former JSE-listed company CEOs as directors The unlisted holding company of the Kauai chain of health food outlets, Real Foods, has recruited two former JSE-listed company CEOs as directors ahead of "potential future listing plans". Former Famous Brands CEO Kevin Hedderwick has joined as group strategic director and former Brait CEO Antony Ball has also joined its board, Real Foods said in a media release on Monday. Besides the Kauai chain, Real Foods owns what it describes as SA's largest honey supplier, Highveld Honey, and Nü Health Food Café and Kohu.

Trade-war-weary investors turn to gold

Steinhoff requests 1 month lock-up agreement extension By Business Day On 15 October 2018 · Leave a Comment Metal rises as Asian shares resumed their fall and investors grapple with the effect of the China-US trade war and higher US interest rates   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

GLOBAL MARKETS-European stocks sink to 22-month low amid rising Saudi tensions

* Oil jumps, Saudi shares fall amid missing journalist fears * European stocks sink after China, Japan again weaken * Yen, Swiss franc, gold, bunds among safe havens to shine By Marc Jones LONDON, Oct 15 (Reuters) - World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Asia had seen Japan's Nikkei and China's main bourses take fresh tumbles on trade and currency jitters and Europe's STOXX 600 dipped to a new 22-month low in early trading as the gloom refused to lift. The ebbing confidence boosted traditional safe haven assets.

Fin24.com | WATCH: Markets look to earnings, EU summit to cure recent pains

Nedbank to buy back shares from minority shareholders Rent the Runway Wants to Lend You Your Look By fin24.com On 15 October 2018 · Leave a Comment Growing hopes that the UK and the European Union could cut a Brexit deal at a key summit were dashed over the weekend. Talks broke up in stalemate.

EMERGING MARKETS-Turkish lira firms on hopes of improving U.S. ties, EM stocks falter again

* Asia gloom persists, rupee slides after WPI data * Saudi riyal under pressure from Khashoggi case * Bank stocks lead rally on Turkey's main stock index By Sruthi Shankar and Aaron Saldanha Oct 15 (Reuters) - Turkey's lira and stocks rose on Monday on hopes of a thaw in relations between Ankara and Washington while a late rally last week on Wall Street offered little respite for other emerging market stocks, which hovered near 1-1/2-year lows. Emerging markets were under pressure on worries of the U.S.

Take your business to new levels by hosting webinars and online courses

Technology is moving at a high-speed and if you are looking for ways to keep and even out do your competitors, why not host your own webinars and online courses. With the technology available now, doing so may not be as difficult as you think. One product you might want to try out is Movavi's Video Capture software .

Huawei Releases Industry Business Service of the Industry Enablement Platform to Promote ...

/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement. After the recent success of HUAWEI CONNECT 2018 event held in Shanghai, Huawei has released the Industry Business Service of its industry enablement platform. As one of the core components of the platform, this service has been accrued by Huawei's years of experience in digital transformation.

Cannabis a new golden goose for booze business

The world's major alcohol producers can no longer ignore the pot phenomenon, as young consumers may increasingly swap beer and cocktails for joints and cannabis-infused drinks.  Some have seized the moment. Constellation Brands, maker of Corona beer and Svedka vodka, has poured $4bn into the Canadian cannabis firm Canopy Growth.

Ask your clients to nominate you for the Best of Zululand business competition

FEELING resentful because your company never wins the Best of Zululand competition? Now is your chance to get all your customers or clients to nominate you! The nomination form has been published in the Zululand Observer newspaper for the past few months, so all you need to do is gather a stack of Zululand Observers and convince your customers to fill them in. Original nomination forms need to be completed and sent to the Zululand Observer by Friday, 2 November. The nomination process forms an important part of our annual Best of Zululand Readers' Choice Awards, in which we allow the public to choose their favourite companies.

Creating Your Own Successful Bitcoin Business-Part 45

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

The business of health care

JOHANESSBURG - Spiralling costs in health care have seen South African private healthcare consumers paying progressively more for their medical scheme membership in recent years, yet many members find that their day-to-day benefits, and sometimes even their chronic benefit limits, run out long before the end of the year. "With a significant and growing proportion of the public requiring long-term medicine for chronic illnesses, this has become a major cost driver for medical schemes and the members they serve," said Louis Scheepers, the acting chief executive of Medipost Pharmacy. Chronic medicines are a lifeline to those living with conditions such as diabetes, high blood pressure, liver diseases and HIV, yet many people are unaware that there are measures they can take to help reduce the costs associated with treatment.

WATCH: Markets look to earnings, EU summit to cure recent pains

Growing hopes that the UK and the European Union could cut a Brexit deal at a key summit on Wednesday were dashed over the weekend as talks broke up in stalemate on Sunday. Even a surprise trip to Brussels by Brexit Secretary Dominic Raab to meet his EU counterpart, Michel Barnier, failed to break the deadlock. In a sign of how bad things have gotten, there will be no further attempt to resolve the impasse before EU leaders gather for their long-scheduled summit.

Rand strikes resilient note as global markets wobble

On Friday, Moody's Investors Service deferred its decision to review SA's debt rating to a later date The rand was on firmer footing on Monday morning, putting it near a two-week high against the struggling dollar. The local currency again appeared resilient in the face of the wobbly global sentiment. Equities from Asia to Europe were lower again, after showing signs of stability by the end of last week.

Yen gains as geopolitical tension weighs on currency markets

* Yen hits highest since Sept. 18; Swiss franc also up* Saudi tensions, China growth worry discourage risk taking* Euro/dollar flat; sterling whacked by Brexit impasse* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, Oct 15 (Reuters) - The yen hit a one-month high and the Swiss franc gained on Monday as rising geopolitical tension and investor anxiety about the global economy left investors skittish at the start of the week.

Ramaphosa calls for harsh action against 'VBS crooks'

Ramaphosa calls for harsh action against 'VBS crooks' 22:41 13/10/2018 Sesona Ngqakamba President Cyril Ramaphosa wants developments around the VBS scandal to be dealt with swiftly, adding that all the individuals implicated should face the music. The president said this on Saturday during his address at the Fundraising Gala Dinner hosted by the ANC KwaZulu-Natal Musa Dladla Region. READ: ANC referring VBS report to its Integrity Commission South Africa was being looked at by international investors which is why it was important that issues such as corruption were dealt with speed, Ramaphosa said.

Glencore to cut jobs at Australia's Hail Creek coal mine

Oct 15 (Reuters) - Glencore Plc said it would cut about 30 percent of its workforce at its Hail Creek coal mine in Australia, after a review of the operations. The mine's workforce will be reduced to 930 from 1360, said Glencore, which bought the mine from Rio Tinto in March. Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely.

Real Foods appoints ex-CEOs Kevin Hedderwick and Antony Ball

Former Famous Brands group chief executive Kevin Hedderwick has joined the Real Foods board as group strategic director, while Antony Ball, the former co-founder, CEO and major shareholder of Brait, has also joined the Real Foods board as of 1 October 2018. KauaiReal Foods is a multi-brand group focused on natural food, taking advantage of the global trend towards health and wellness. The company owns Kauai, Nü Health Food Café and Kohu as well as Highveld Honey, the largest honey supplier in South Africa Dean Kowarski, Real Foods CEO, comments that the company is delighted to welcome both Hedderwick and Ball to the board as the business continues to experience strong organic growth and also embarks on an acquisitive growth strategy.

Steinhoff requests extension from creditors

JOHANNESBURG - Steinhoff International Holdings said it had asked creditors to agree to an extension of the lock-up agreement, delaying it to November 20 from October 20. "We have continued to receive significant support from creditors under the lock-up agreement and we remain in positive discussions with them," Danie van der Merwe, acting head of Steinhoff, said in the statement on Monday.  "Negotiations on the implementation documentation are now well advanced and the one-month extension to the long stop date will give us the necessary time to complete that process ahead of any necessary restructuring processes being launched.

Thabazimbi assets transferred to Amsa for R1

Storm hits Bulls, and then some bad weather too Sunrun CEO: Why #MeToo Hasn't Had More Impact on Silicon Valley By IoL Business Report On 15 October 2018 · Leave a Comment Kumba Iron Ore has officially transferred the Thabazimbi mine in Limpopo to ArcelorMittal South Africa (Amsa) after all conditions were met.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Bitcoin Has Leapt Sharply Higher — Here's Why

In rural India, birth control and family planning are the mother-in-law's purview Steinhoff requests one-month lock-up agreement extension By Forbes Magazine On 15 October 2018 · Leave a Comment Bitcoin, which just last week had its first major sell-off in weeks, has this morning jumped more than 5%…   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

‘Emerging economies struggle to contain capital outflows'

China's stocks extend $3tr rout as consumer firms crumble Fin24.com | Steinhoff requests one-month lock-up agreement extension By IoL Business Report On 15 October 2018 · Leave a Comment Policymakers attending IMF-World Bank meetings had a message for leading economies: current monetary and trade policies risk undermining us all.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Oil rises as focus turns to geopolitical tension

Futures Movers: Crude prices wobble with investors wary over growing U.S./Saudi tensions Steinhoff requests 1 month lock-up agreement extension By Business Day On 15 October 2018 · Leave a Comment Brent edges higher after the disappearance of a Saudi journalist stokes worry about supply, although concern about long-term demand caps gains   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

WATCH: Rand rebounded due to decline in US stocks

Artificial Intelligence Is the Wave of the Future (And It Always Will Be) Toyota employees return to work By IoL Business Report On 15 October 2018 · Leave a Comment Get the latest market update and top stories from our newsrooms across South Africa, Africa and the world.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Steinhoff requests 1 month lock-up agreement extension

Oil rises as focus turns to geopolitical tension By IoL Business Report On 15 October 2018 · Leave a Comment Steinhoff International Holdings said it has asked creditors to agree to an extension of the lock-up agreement.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Futures Movers: Crude prices wobble with investors wary over growing U.S./Saudi tensions

OPINION: Setting up the Sovereign Wealth Fund made easier by Mboweni's appointment Oil rises as focus turns to geopolitical tension By MarketWatch On 15 October 2018 · Leave a Comment Oil prices kicked off the week on a stronger note, then gave up gains as Saudi Arabia lashed out over international pressure linked to a missing dissident journalist.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Need to Know: Call of the day: Don't rule out $400 oil if the U.S. sanctions Saudi Arabia

Crypto markets roiled as traders question tether's dollar peg 7 things you need to know today By MarketWatch On 15 October 2018 · Leave a Comment "If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure. The truth is that if Washington imposes sanctions on Riyadh, it will stab its own economy to death."   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

How An Event Planning Software Platform Went Global Overnight

Storm hits Bulls, and then some bad weather too Sunrun CEO: Why #MeToo Hasn't Had More Impact on Silicon Valley By Forbes Magazine On 15 October 2018 · Leave a Comment It took two years to build the right platform for Tame's event planning tool. It paid off: within 48 hours of the launch it was being used in 50 countries all over the world.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Toyota employees return to work

WATCH: Rand rebounded due to decline in US stocks You'll soon be able to make 3D foot scans to buy shoes online By IoL Business Report On 15 October 2018 · Leave a Comment Toyota South Africa Motors (Tsam) has obtained an interim interdict to stop the strike.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

OPINION: The dalliance of energy and the environment

Iconic US retailer Sears files for Chapter 11 bankruptcy Crypto markets roiled as traders question tether's dollar peg By IoL Business Report On 15 October 2018 · Leave a Comment The relationship between primary energy sources and the environment is a curious one… writes Bheki Gila.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Numsa plastic sector workers to strike over wages

Florida toll rises to 17 Iconic US retailer Sears files for Chapter 11 bankruptcy By IoL Business Report On 15 October 2018 · Leave a Comment Thousands of National Union of Metalworkers are expected to strike in more than 450 companies in the plastic sector over wages and benefits.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Mboweni's Move

Anthea Gardner returns from Half Ironman to tackle the burning issues in the business and finance world. Our 5th finance minister in 3 years, the Rand has been volatile but strengthened as Moody's did not downgrade us. Trump criticises the US FED.

South Africa's Nedbank to buy back shares from minority shareholders

Customers queue to draw money from an ATM outside a branch of South Africa's Nedbank in Cape Town JOHANNESBURG (Reuters) - South Africa's Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old Mutual.Old Mutual, which holds 52 percent of Nedbank, has been dismantling its conglomerate structure, created after a series of acquisitions, since it moved its headquarters and primary listing to London in 1999.As part of the plan, it spun-off a majority stake in Nedbank on Monday and now holds around 19.

JSE starts week on a negative note as Naspers plunges

The internet and media company is tracking losses in its associate, Tencent, while a slightly firmer rand has failed to lift banks and retailers The JSE opened more than 1% lower on Monday morning, putting it potentially on track for a fourth consecutive week of losses, as market heavyweight Naspers fell sharply. Naspers fell 4.92% to R2,765, tracking losses in Hong Kong associate Tencent, which has lost about $250bn in market capitalisation from its January share price high.

Fin24.com | Steinhoff requests one-month lock-up agreement extension

China's stocks extend $3tr rout as consumer firms crumble Rand firmer, stocks down in early trade By fin24.com On 15 October 2018 · Leave a Comment Steinhoff International says it has asked creditors to agree to an extension of the lock-up agreement, delaying it to November 20 from October 20.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Lights Camera Connie!

Connie Ferguson's success on the small screen has won her millions of fans. She is now looking for billions in the business world. Eight summers ago, in a studio in the Northcliff neighborhood of Johannesburg, South African singer and actor Dineo Moeketsi was a bundle of nerves, auditioning for a role in the TV drama series, Rockville .

Steinhoff asks creditors for restructuring extension

An accounting scandal wiped more than 90% off Steinhoff's market value and forced it to sell assets to generate working capital. | JOHANNESBURG - South African retailer Steinhoff, has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday.An accounting scandal wiped more than 90% off Steinhoff's market value and forced it to sell assets to generate working capital.

Nedbank to buy back shares from minority shareholders

Odd-lot holders are shareholders who hold less than 100 Nedbank shares, estimated to be 1.5% of its ordinary shares in issue. | JOHANNESBURG - Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old Mutual.

R2bn being invested in Johannesburg's inner city

Divercity Urban Property Fund is investing R2 billion in Johannesburg as part of its strategy to create thriving mixed-use inner-city precincts. This investment, the largest in the Johannesburg CBD for some years, is focused on the redevelopment of the iconic Absa Towers Main building and Jewel City. An artist's impression of Jewel City redeveloped and linked to Maboneng .

South Africa's Nedbank to buy back shares from minority shareholders

JOHANNESBURG, Oct 15 (Reuters) - South Africa's Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old Mutual . Old Mutual, which holds 52 percent of Nedbank, has been dismantling its conglomerate structure, created after a series of acquisitions, since it moved its headquarters and primary listing to London in 1999. As part of the plan, it spun-off a majority stake in Nedbank on Monday and now holds around 19.

Competition Commission spends R15m on protection for senior staff

Sowetan SABC's soccer blackout likely to affect PSL games After a weekend in which the SABC blacked-out Bafana-Bafana's record win on its platforms, soccer fans could be up in arms as they may no longer be able to watch Premier Soccer League on the public broadcaster. Court order keeps trains on tracks The rail agency has been given a lifeline by the court after it rescinded a a notice to suspend its safety permit that would have seen millions of commuters stranded today. The Citizen NPA boss move hailed The legal fraternity and rule-of-law watchdog, Freedom Under Law have expressed excitement at the decision by President Ramaphosa to invite legal organisations to participate in the selection and interviewing of candidates to fill the position of NDPP Shaun Abrahams.

The VBS scandal and the democratisation of corruption

The greatest risk any democracy will face is that the system comes across as interested only in serving those few who are politically connected. When democracy is seen as only protecting the interests of the few, the broader masses tend to disengage and seek alternative means through which to pursue their interests in society. A democracy that does not enjoy wider legitimacy runs the risk of collapsing into anarchy where powerful interest groups compete for resources while everyone else stands by waiting to receive the crumbs from the battle involving the powerful and connected.

JSE likely to open weaker as global gloom returns to markets

Bourses lose ground again on Monday morning, indicating Friday's rise was just a short respite in a downward run that began on September 25 Markets were gloomy again on Monday morning, indicating Friday's rise was just a short respite in a downward run that began on September 25. Naspers, which rebounded 8.5% on Friday from a 6.

SqwidNet collaborates with Discovery Insure to drive local innovation

Discovery Insure, a subsidiary of Discovery Limited, has concluded a partnership with SqwidNet "Already recognised by Frost & Sullivan as the Enabling Technology Leader in the LPWAN (low-power wide-area network) industry, SqwidNet is a leader in market research, local investment, and technology development," says Phathizwe Malinga, Managing Director at SqwidNet. "This is an opportunity for us to cement our commitment to driving innovation through IoT in South Africa." To date, SqwidNet's open access ecosystem has created inventive solutions that have addressed and overcome significant local challenges.

Woman killed after being struck by car on the M41

KwaZulu-Natal: At 07H00 Monday morning Netcare 911 responded to reports of a Pedestrian vehicle collision on the M4 west bound at the Mount Edgecombe offramp. Reports from the scene indicate that an adult female was struck down by a light motor vehicle. The patient was assessed on scene by an Emergency Care Practitioner and found to have no signs of life and sadly declared deceased.

THE FT COLUMN: The blazing torch of academia moving from Britain

Harmony's 11-year investigation not a good sign for Steinhoff cases SA's political cancer is almost impossible to heal By Business Day On 15 October 2018 · Leave a Comment Since taking over as the world's torchbearer in academic excellence after World War 2, Britain and its cousin the US may be losing that mantle again   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Spain are above England's level, says goal-shy Kane

Harmony's 11-year investigation not a good sign for Steinhoff cases SA's political cancer is almost impossible to heal By Business Day On 15 October 2018 · Leave a Comment ‘It will be a tough game, but these are the experiences you want to be in,' says England's Harry Kane   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Sainthood for Paul VI and slain archbishop

Harmony's 11-year investigation not a good sign for Steinhoff cases By Business Day On 15 October 2018 · Leave a Comment Pope Francis wore a blood-stained rope belt that belonged to Romero, who was murdered at the altar   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

How loss-making regional airlines buck the global trend

Harmony's 11-year investigation not a good sign for Steinhoff cases SA's political cancer is almost impossible to heal By Business Day On 15 October 2018 · Leave a Comment The aviation industry in Southern Africa is expected to report a collective $300m loss during 2018, while the industry in the rest of the world is likely to return a profit of $33.8bn over the period.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

MICHAEL MORRIS: Land not the most pressing issue, not even for EFF voters

Harmony's 11-year investigation not a good sign for Steinhoff cases SA's political cancer is almost impossible to heal By Business Day On 15 October 2018 · Leave a Comment A new Institute of Race Relations poll shows voters are more concerned about crime, education, jobs and health care   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

SA miners realise they have to reward investors with a pot of gold

Harmony's 11-year investigation not a good sign for Steinhoff cases By Business Day On 15 October 2018 · Leave a Comment Firms struggle to woo disenchanted international investors, who feel they are at the back of the queue when benefits are handed out   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Where the Jobs Summit fell short

Harmony's 11-year investigation not a good sign for Steinhoff cases By Business Day On 15 October 2018 · Leave a Comment Confining input to the Jobs Summit to Nedlac and its invitees only closed out vital contributions needed from brightest minds from SA and the world, big business and future employment issues such as artificial intelligence and the Future of Work, writes Bernard Swanepoel   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

This graph shows what happened to DStv when Netflix launched in South Africa

MultiChoice has made no secret of the fact that DStv is under pressure thanks to Netflix's popularity in South Africa. Naspers chairman Koos Bekker previously said MultiChoice is struggling against Netflix, which he perceives as a major threat to the company. MultiChoice SA CEO Calvo Mawela has also stated that Netflix has an unfair advantage over DStv in South Africa, and that a regulatory change is needed to address this problem.

An entrepreneur's guide to running a clean business

The world and South Africa are plagued by scandals of corruption and alleged wrongdoing in politics and business alike. You may recall the ENRON scandal in the nineties, though we aren't short of examples closer to home: the Gupta saga and ethical indiscretions at Steinhoff, McKinsey and KPMG have most recently shone the spotlight on unethical business practices in South Africa. Some of the allegations against these companies have not yet been put to trial, but the collateral damage is done.

Fin24.com | An entrepreneur s guide to running a clean business

Though indiscretions at Steinhoff, McKinsey and KPMG shone a spotlight on unethical business practices, research shows that some small businesses are just as bad, and using smarter ways to conceal it, says Jannie Roussouw..

Embracing the cognitive engine in the pursuit of insights from analytics

Original equipment manufacturers (OEM) are hard pressed to innovate, cut costs and utilise value, driving tools to streamline their operations. In a digital world, achieving this requires the ability to draw real insights from data analytics; and this in turn requires the ability to analyse data in a unique and powerful way. Recognising this need in the market, Modernising Management (a Top 5 South African Qlik Master Reseller [SAQMR] Gold and OEM Partner) recently launched its innovative Analytics2Insight platform.

Business owner warns residents of fake customers

A local business owner has come forward to urge fellow business owners to be vigilant after he fell victim to theft under the guise of the suspects being interested customers. The cabinet maker and furniture restorer said he both regular and new customers visit his business daily. So, when a BMW came to his house with two unknown faces it didn't come as a surprise.

With border open, Ethiopia and Eritrea are back in business

For two decades, little besides soldiers, refugees and rebels moved across Ethiopia and Eritrea's closed border, but today the once-barren no man's land teems with activity. Horse-drawn carts, buses full of visitors and trucks piled high with bricks and plywood make their way across the frontier, watched by relaxed soldiers from the two nations' armies who just months ago stared each other down from trenches carved into the rocky soil. After 20 years of bloody conflict and grim stalemate, the Ethiopia-Eritrea border is bustling once again, revitalising frontier towns and allowing the countries' long-estranged populations to reacquaint themselves.

Fin24.com | An entrepreneur's guide to running a clean business

Fin24.com | Emerging-market bulls start to overtake the bears, survey shows How Financial Institutions Can Put Risk Management Back in the Driver's Seat By fin24.com On 15 October 2018 · Leave a Comment Though indiscretions at Steinhoff, McKinsey and KPMG shone a spotlight on unethical business practices, research shows that some small businesses are just as bad, and using smarter ways to conceal it, says Jannie Roussouw .

German business loses patience with Brexit negotiations

NEELS BLOM: Cold, calculated unity in a cause that has no substance Judge Nugent urges court to dismiss Tom Moyane's challenge German business loses patience with Brexit negotiations By Business Day On 15 October 2018 · Leave a Comment At stake for the country are 50,000 jobs as separation of the UK from the EU without transitional agreement is still a possibility   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Top small business honours for PMB company20m ago | NETWORK

Durban - Investing in staff and providing customised solutions for clients has been the key to the success for the Pietermaritzburg engineering business that came out tops in the small business category in the KwaZulu-Natal Exporter of the Year Awards held recently. Anderson Engineering Food and Chemical Equipment (Pty) Ltd managing director Hennie de Jager said the company's staff was "very proud" to have won the award. The business, which employs 56 staff, focuses on creating engineering solutions, largely in the food and pharmaceutical manufacturing sectors, nationally and internationally.

An entrepreneur's guide to running a clean business

The world and South Africa are plagued by scandals of corruption and alleged wrongdoing in politics and business alike. You may recall the ENRON scandal in the nineties, though we aren't short of examples closer to home: the Gupta saga and ethical indiscretions at Steinhoff, McKinsey and KPMG have most recently shone the spotlight on unethical business practices in South Africa. Some of the allegations against these companies have not yet been put to trial, but the collateral damage is done.

Fin24.com | An entrepreneur s guide to running a clean business

Though indiscretions at Steinhoff, McKinsey and KPMG shone a spotlight on unethical business practices, research shows that some small businesses are just as bad, and using smarter ways to conceal it, says Jannie Roussouw..

Crypto markets roiled as traders question tether's dollar peg

Tether, the digital coin used as a substitute for the US currency on crypto markets around the world, has broken its historically tight link with the greenback. Traders are increasingly questioning their faith in the cryptocurrency world's most important dollar peg. Tether, the digital coin used as a substitute for the US currency on crypto markets around the world, has broken its historically tight link with the greenback.

JSE likely to open weaker as global gloom returns to markets

Bourses lose ground again on Monday morning, indicating Friday's rise was just a short respite in a downward run that began on September 25 Markets were gloomy again on Monday morning, indicating Friday's rise was just a short respite in a downward run that began on September 25. Naspers, which rebounded 8.5% on Friday from a 6.

Steinhoff requests one-month lock-up agreement extension

Steinhoff International [ JSE:SNH ] said it has asked creditors to agree to an extension of the lock-up agreement, delaying it to November 20 from October 20. "We have continued to receive significant support from creditors under the lock-up agreement and we remain in positive discussions with them," Danie van der Merwe, acting head of Steinhoff, said in the statement on Monday. "Negotiations on the implementation documentation are now well advanced and the one-month extension to the long stop date will give us the necessary time to complete that process ahead of any necessary restructuring processes being launched.

Steinhoff requests one-month lock-up agreement extension

Delaying it until November 20. Steinhoff International Holdings said it has asked creditors to agree to an extension of the lock-up agreement, delaying it to November 20 from October 20. "We have continued to receive significant support from creditors under the lock-up agreement and we remain in positive discussions with them," Danie van der Merwe, acting head of Steinhoff, said in the statement on Monday.

Steinhoff asks creditors for restructuring extension

JOHANNESBURG, Oct 15 (Reuters) - South African retailer Steinhoff, has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday. An accounting scandal wiped more than 90 percent off Steinhoff's market value and forced it to sell assets to generate working capital. Creditors agreed in July to hold off on their debt claims for three years, throwing the company a lifeline.

Tiger Brands surges with polony back on the menu

Fin24.com | An entrepreneur's guide to running a clean business Poetry Africa to sing the praises of praise poetry By IoL Business Report On 15 October 2018 · Leave a Comment Shares gains over 5% after firm announces it will re-open its meat products processing facility, which was affected by the listeriosis outbreak.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Harmony's 11-year investigation not a good sign for Steinhoff cases

How Financial Institutions Can Put Risk Management Back in the Driver's Seat Sainthood for Paul VI and slain archbishop By Business Day On 15 October 2018 · Leave a Comment It has taken 11 years for the Financial Sector Conduct Authority to investigate and come up with a fine for Harmony Gold's misleading but unintentional profit statement, suggesting that Steinhoff's case might take even longer to conclude.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Tiger Brands surges with polony back on the menu

DURBAN - Tiger Brands' share price rose by more than 5 percent on the JSE after the group announced that it would re-open its Germiston value-added meat products processing facility, which was affected by the listeriosis outbreak.  The Germiston facility was closed in March as a precautionary measure after the listeriosis bacteria was detected there. The group also recalled all ready-to-eat Snax products.

Steinhoff sinks on insider trading claims

Steinhoff share price was on a free-fall, shedding more than 17% after allegations that Jooste tipped his friends to sell shares..

Harmony's 11-year investigation not a good sign for Steinhoff cases

Record-setting R30m fine slapped on the mining house after an arduous 11-year investigation The recent record-setting R30m fine slapped on Harmony Gold by the financial sector watchdog for an 11-year old contravention of laws governing financial markets will discourage hopes of a speedy resolution to regulatory action at Steinhoff, where the Financial Sector Conduct Authority (FSCA) is investigating allegations of insider trading and market manipulation. Harmony, which was the world's fifth-largest gold producer and was listed on five stock exchanges, including the New York Stock Exchange, was slapped with the record fine for releasing false and misleading information in April 2007. On April 25 2007 the company reported a headline profit of 58c a share for the three months to end-March 2007 instead of a headline loss as a result of the flawed implementation of a new computerised accounting system, which failed to pick up R250m of costs.

Historical events that happened on October 15 in history

Are you clued up on history? Check out these events that happened on this day back in history? 1889 - Queen Victoria issues charter for the formation of the British South Africa Company. 1926 - SA artist Rexon Mathebula is born. 1951 - A Dakota airliner Paardeberg crashes into Ingeli Mountain.

ArcelorMittal sees strategic value in mothballed Thabazimbi mine

Steelmaker mulls reopening operations after taking full control of the asset Having secured full ownership of the asset for a paltry sum, ArcelorMittal SA will decide in a few years whether it can restart operations at the Thabazimbi mine Kumba Iron Ore stopped two years ago. The Thabazimbi mine in Limpopo was jointly owned by the companies and was a source of iron ore for ArcelorMittal, which blended it with ore from Kumba's flagship Sishen mine in the Northern Cape. After a failure of the pit wall in 2015, Kumba, an Anglo American subsidiary and Africa's largest iron ore miner, decided to shut the marginal operation, triggering talks with SA's leading steelmaker to buy the mine.

Cannabis a new golden goose for booze business

Svedka vodka has poured $4bn into the Canadian cannabis firm Canopy Growth The world's major alcohol producers can no longer ignore the pot phenomenon, as young consumers may increasingly swap beer and cocktails for joints and cannabis-infused drinks. Some have seized the moment. Constellation Brands, maker of Corona beer and Svedka vodka, has poured $4bn into the Canadian cannabis firm Canopy Growth.

German business loses patience with Brexit negotiations

At stake for the country are 50,000 jobs as separation of the UK from the EU without transitional agreement is still a possibility With just under six months until Brexit day, German business is losing patience with negotiations ahead of a vital deadline, warning more stridently of the risks of a no-deal departure. "Europe must stop a worst-case Brexit scenario," Joachim Lang, director of the Federation of German Industry (BDI) said last week, warning that "a separation of the UK from the EU without a departure or transitional agreement or clarification of the future relationship is still a possibility". At stake for Germany are some 50,000 jobs the BDI says depend directly on business with the UK.

Asia Markets: Asian markets resume their fall, with tech stocks leading the way

Glen Weyl on Technology and Social Innovation The Wall Street Journal: U.S. women secure 2019 World Cup berth By MarketWatch On 15 October 2018 · Leave a Comment Asian stock markets lost ground in early trading Monday following Friday's regional bounce that eased last week's pain.

SA miners realise they have to reward investors with a pot of gold

Firms struggle to woo disenchanted international investors, who feel they are at the back of the queue when benefits are handed out As SA mining companies struggle to get through the doors of North American investors to make a pitch, boards are increasingly pushing to change the way they manage their cash, debt, asset pipeline and rewards for shareholders. At the Joburg Indaba mining conference, a number of finance directors and investor relations officials spoke about the changes wrought on their business and a shift in shareholder sentiment towards resource companies, which, by and large, have had a dismal track record in capital allocation and returns for shareholders. Chairing a panel discussion, Anglo American director and former fund manager Jim Rutherford spoke of his past frustration in dealing with mining companies, particularly in the gold sector, which were obsessed with growth at the expense of investors.

SA miners ‘need to fix bad dividend record'

Firms struggle to woo disenchanted international investors, who feel they are at the back of the queue when benefits are handed out As SA mining companies struggle to get through the doors of North American investors to make a pitch, their boards are pushing to change the way they manage their cash, debt, asset pipeline and rewards for shareholders. At the Joburg Indaba mining conference, a number of finance directors and investor relations officials spoke about the changes wrought on their business and a shift in shareholder sentiment towards resource companies, which, by and large, have had a dismal track record in capital allocation and returns for shareholders. Chairing a panel discussion, Anglo American director and former fund manager Jim Rutherford spoke of his past frustration in dealing with mining companies, particularly in the gold sector, which were obsessed with growth at the expense of investors.

Sanlam Investment Managers falls in line on voting transparency

Ten years after SA's largest fund manager, the Public Investment Corporation, shook up the investment community by disclosing details of how it votes at company annual shareholder meetings, Sanlam Investment Managers (SIM) has finally fallen into line with what's become the industry standard at a time when disclosure requirements are set to be beefed up. SIM, which manages over R400bn in investments, is one of the largest asset managers in the country. All of its major competitors — including Allan Gray, Coronation, Investec, Old Mutual and Stanlib — have been disclosing voting details for years.

SA's rich investors pursue responsible investing

Global manager Schroders tracks behaviour and finds that shareholders back firms with the best environmental and social records SA's wealthy investors are putting more of their money in companies with the best track records in environmental, social and corporate governance due to heightened awareness and debate about these issues in the country. "SA investors had one of the highest engagements on these topics," said Jessica Ground, global head of stewardship at Schroders, the global investment manager that tracks behaviour and ambitions of the world's wealthy investors. The company tracks the behaviour of those investing at least €10,000 a year (about R168,000) across 30 countries.

GLOBAL MARKETS-Asian shares slip on lingering trade, U.S. rates worries

* Asian shares resume descent after rebound Friday * Oil jumps, Saudi shares tumble on Khashoggi's disappearance * Pound falls after no agreement reached ahead of EU summit By Hideyuki Sano TOKYO, Oct 15 (Reuters) - Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.

Utter carnage on global markets - but these South African shares are rallying

Stock markets around the world were taking a hammering Thursday as rising fears about global economic growth and ongoing trade tensions continued to rattle investor confidence. US stocks saw their second consecutive day of losses, with the S&P 500 and Dow Jones both down more than 1% in morning trade. Concerns in Asia are exacerbated by investor doubts that fresh stimulus from China's central bank will help prevent US President Trump's trade war from triggering an economic slowdown.

Italian cabinet due to approve budget as EU, markets fret

* Budget raises deficit target for next year* Details of financial bill still to be hammered out* Brussels has criticised fiscal plan* PM Conte says it will be "change of gear" for ItalyBy Gavin JonesROME, Oct 15 (Reuters) - The Italian cabinet is due to meet on Monday to approve a 2019 budget which envisages a jump in the deficit that has upset financial markets and drawn criticism from the European Commission and other international bodies.The government, backed by the right-wing League and the anti-establishment 5-Star Movement, has already issued the financial framework for the budget, raising the target for next year's deficit to 2.4 percent of gross domestic product.

Navigating the nuances of offshore investment

Offshore wrappers are providing some of the solutions. South Africans initially took money offshore in large part because of political uncertainty and concerns over the future of the economy and the rand, and in many cases with less concern about the investment vehicle or the return. But over the last few years, there has been a change in the approach of South African investors to international investments, and offshore investment has become far more nuanced.

Tencent delays IPO due to weak markets

This empowerment practitioner helps businesses unlock tangible shared values in SA The Psychology Of Navigating A Volatile Stock Market By IoL Business Report On 14 October 2018 · Leave a Comment Tencent Music Entertainment has delayed its planned US initial public offering (IPO) until at least November.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Tencent delays IPO due to weak markets

INTERNATIONAL - Tencent Music Entertainment has delayed its planned US initial public offering (IPO) until at least November as the owner of China's most popular music apps prefers to wait for global stock markets to stabilize, three sources said. The music arm of tech giant Tencent Holdings is expected to raise at least $2 billion and was originally planning to launch its offering as soon as next week, the sources said. However, Wall Street on Wednesday suffered its worst one-day drop in eight months, with the S&P 500 .

Uganda's Safe Boda App moves to dominate new markets

On to Uganda now where an entrepreneur was inspired by a tragic loss to keep commuters safe. After launching the ride-hailing app based on improving the safety of motorbike taxis, or boda bodas as they are locally known; The brand has made its way into Kenya's capital Nairobi. And Safeboda plans to expand to 20 other countries, as CGTN's Alexandria Majalla reports Subscribe to us on YouTube: http://ow.

No more talk: Go to jail

The public is outraged yet again by the SA Reserve Bank's release of The Great Bank Heist - a report into blatant looting at VBS Mutual Bank . Sadly, South Africans are all too familiar with the script. This one has different characters but, as is always the case, the victims are the same - the poor and the most vulnerable of our society.

Grand Parade chairman declares war against shareholders

Hassen Adams, founder and executive chairman of Grand Parade Investments (GPI), is fuming and has accused a small group of shareholder activists of launching a ‘hostile takeover' on the company. The shareholders, who collectively hold 12.5% of GPI, have requested - and been granted - an extraordinary general meeting (EGM), which will be held on October 31.

Motsepe gives university R168m boost

South African business baron Patrice Motsepe made King Mswati III of the Kingdom of eSwatini smile from ear to ear when the Motsepe Foundation donated a staggering €10 million (R168 million) to the University of eSwatini (Uneswa). Motsepe did his high school education at St Marks High School in Mbabane in 1979, before enrolling for a Bachelor of Law degree which he completed in 1984 at the then University of Swaziland. Speaking on behalf of others who were recognised by the university, Motsepe called for respect for all human beings because "they may become great once through with their studies".

Motsepe gives eSwatini university a €10m boost

South African business baron Patrice Motsepe made King Mswati III of the Kingdom of eSwatini smile from ear to ear when the Motsepe Foundation donated a staggering €10 million (R168 million) to the University of eSwatini (Uneswa). Motsepe did his high school education at St Marks High School in Mbabane in 1979, before enrolling for a Bachelor of Law degree which he completed in 1984 at the then University of Swaziland. Speaking on behalf of others who were recognised by the university, Motsepe called for respect for all human beings because "they may become great once through with their studies".

1 Dead, 1 critical, 2 serious following Mogale City house fire

Gauteng: At 00H51 Sunday morning Netcare 911 responded to reports of a house fire in Mogale City in the West Rand. Reports from the scene indicate that an elderly female Tragically died and three other people, two males and a female sustained injuries in the fire. The patients were treated on scene and transported to hospital for further assessment and care under the care of an Advanced life support paramedic.

Ramaphosa speaks out about #VBSBankHeist

Johannesburg - President Cyril Ramaphosa on Saturday broke his silence on the VBS scandal, saying that "those who have done wrong against our people should be made to account without delay". An independent report commissioned by the SA Reserve Bank to probe the collapse of the mutual bank found that there was "wide-scale looting and pillaging of the monies placed on deposit at VBS".  The monies were clients' life savings and deposits, including millions of rands deposited by municipalities.

VBS scandal: Culprits must face the music - Cyril Ramaphosa

President says those who do wrong against the people of SA must know that there will be consequences VBS scandal: Those involved must face the music, says Ramaphosa President Cyril Ramaphosa wants developments around the VBS scandal to be dealt with swiftly, adding that all the individuals implicated should face the music. The president said this on Saturday during his address at the Fundraising Gala Dinner hosted by the ANC KwaZulu-Natal Musa Dladla Region. South Africa was being looked at by international investors which is why it was important that issues such as corruption were dealt with speed, Ramaphosa said.

Women miners gather in Rustenburg

Over 3 000 women employed in mining gathered in Rustenburg in the North West over the weekend to highlight the abuse and discomfort of working in the male dominated sector. The plight and safety of women miners in the Rustenburg platinum belt remains a pressing concern, six years after the tragic rape and murder of Pinky Mosiane at Anglo Platinum's Khomanani mine, and five years after the fatal attack on Cynthia Setuke at Aquarius Platinum's Kwezi Shaft. To counter these difficulties the Women in Mining Rustenburg Tripartite Forum was formed to encourage women to speak out on harassment.

Safety of women in mining under spotlight

Six years since the tragic rape and murder of Pinky Mosiane at Anglo Platinum's Khomanani mine. And five years since the fatal attack of Cynthia Setuke at Aquarius Platinum's Kwezi Shaft. The plight and safety of women miners in the Rustenburg platinum belt in North West remains a grave concern.

The moral character of our republic

If you speak to someone from the Durban township of KwaMashu, they will most likely know the name Njengabantu Sithole. He was a legendary comrade who was renowned for his bravery, intellect and leadership skills. Njengabantu survived assassination attempts at the hands of Inkatha Freedom Party goons and security force hit squads.

Reports: Ramaphosa knew about VBS looting spree, did nothing

JOHANNESBURG - President Cyril Ramaphosa allegedly knew about the widespread looting at VBS Mutual Bank last year but did not take action to stop it. The City Press is reporting that a major VBS shareholder informed the then deputy president early last year about the bank heist and apparently promised to do something about it then. On Wednesday, the South African Reserve Bank released a damning report in which 53 individuals and companies are implicated in the looting almost R2 billion of the indebted bank.

Rescue Crews use Jaws of Life to free crash victims in Sandton

Gauteng: At 09H12 Sunday morning Netcare 911 responded to reports of a collision on the N1 South bound under the Bowling Bridge in Sandton. Reports from the scene indicate that two light motor vehicles and a heavy motor vehicle were involved in a collision. An occupant of one of the light motor vehicles was trapped in the wreckage and Fire and Rescue Services as well as the Netcare 911 Rescue Technician used the "Jaws of Life" to free the patient.

Ramaphosa Knew About VBS Looting Spree - Reports

EWN President Cyril Ramaphosa allegedly knew about the widespread looting at VBS Mutual Bank last year but did not take action to stop it. The City Press is reporting that a major VBS shareholder informed the then deputy president early last year about the bank heist and apparently promised to do something about it then. On Wednesday, the South African Reserve Bank released a damning report in which 53 individuals and companies are implicated in the looting almost R2 billion of the indebted bank.

Ramaphosa calls for VBS saga to be dealt with quickly

"Those who get involved in acts of corruption and maleficence, we need to hold them accountable for their deeds," Ramaphosa said to loud applause and cheerers. "If people have done wrong against the people of South Africa, they must know that there would be consequences and that the consequences are going to be quite harsh against them. "… The VBS saga is the most concerning one just as must as the Steinhoff saga as well, we need to speed up the process of ensuring that those who have done wrong against our people should be made to account without delay.

Empowering women in business

The South Rand Spar Distribution Centre, near OR Tambo, hosted its second annual Vuca (Volatile, Uncertain, Complex, Ambiguous) Women's Networking Programme on September 25. The event aims to recognise the many significant roles women play in society, and, that women can make a difference despite the disruptions caused by the multiple roles they play at any given time in their lives. Most often women juggle careers, motherhood, marriage and studying at the same time.

Ramaphosa calls for action against those linked to VBS bank ‘looting'

President Cyril Ramaphosa says those corrupt individuals need to be held accountable. | JOHANNESBURG - President Cyril Ramaphosa has called for strong action to be taken against those accused of corruption in the VBS Mutual Bank saga. Ramaphosa addressed business leaders in KwaZulu-Natal during a fundraising gala dinner on Saturday.

The benefits of boutique

Smaller, independent firms have risen, making inroads into the market share dominated by life- and bank-owned asset managers in the preceding decades. Up until the last two decades, few investors would risk entrusting their assets to a small management firm, preferring to leave the task of preserving and growing their wealth up to larger, more established asset managers. However, smaller, independent firms have risen up since the 1990s, making inroads into the market share dominated by life- and bank-owned asset managers in the preceding decades.

Retirement funds negotiate lower-cost pensions

Trustees secure lower institutional rates offered to big investors Retirement funds are securing pensions at significantly lower costs than those you will be offered as an individual when you need to secure a monthly income after you stop working. These lower costs - anything from 0.6% to 0.

PE Business News: This empowerment practitioner helps businesses unlock tangible shared values in SA

PE : This empowerment practitioner helps businesses unlock tangible shared values in SA : Promote your business on BuyPE and MyPR. This empowerment practitioner helps businesses unlock tangible shared values in SA: Today, Zevoli provides strategy development, review and re-alignment services aimed at designing and implementing ESD programmes that support the achievement of overall business objective … the form… Source: "Port Elizabeth" business - BingNews. Business Process Leader Distribution […] - MyPE News : Promote your business on BuyPE and MyPR.

PE Business News: This empowerment practitioner helps businesses unlock tangible shared values in SA

Promote your business on BuyPE and MyPR . This empowerment practitioner helps businesses unlock tangible shared values in SA : Today, Zevoli provides strategy development, review and re-alignment services aimed at designing and implementing ESD programmes that support the achievement of overall business objective … the form… Source: "Port Elizabeth" business - BingNews . Business Process Leader Distribution and Settlement FMCG - Port Elizabeth : A well-known Beverage Company based in Port Elizabeth is seeking to employ a Business Process Leader: Distribution & Settlement.

Business This entrepreneur is exploring the untapped market of dried fruits in Nigeria

In 2016, Afie Braimoh launched She began experimenting by drying fruits in her kitchen dehydrator and after some weeks of doing that, gave out samples at her office, church and to friends and family. The feedback she got encouraged her to seek and get the approval of the National Agency for Food and Drugs Administration and Control (NAFDAC) in Nigeria. In less than a year after her launch, SACFruits was in over 70 stores across the country.

Huawei to invest 1bn yuan in cloud business

VBS fallout extends to insurance industry ‘If stock prices reflect fundamentals, why are they so volatile?' and other awkward questions for your financial adviser By IoL Business Report On 14 October 2018 · Leave a Comment Huawei Technologies Co Ltd plans to invest 1 billion yuan over the next three year to develop AI capabilities for its cloud business.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Struggling with a broken business compass

Another finance minister, another chapter, in this growing book South Africa, "oh troubled" land. Tito Mboweni, widely regarded along with his colleagues Gill Marcus and Maria Ramos to have been the architects of the financial direction we took after the 1994 elections, will have to call on the team again to assist him to whip this economy into shape. He needs to also quickly resurrect those policies which saw the country start to move forward after years of isolation.

Does business rescue really rescue your business?

A case for law column - local legal expert advice for free about 1 hour ago Elmariese Vermeulen Countless businesses have fallen victim to the harsh economic climate in South Africa over the past few years and many companies have consequently been left out in the cold. In the past, struggling companies have enlisted the ‘emergency services' of liquidation. However, this process only arrives to call the time of death of a company instead of assisting in the resuscitation process.

Thieves walk away with till after business robbery on 5th Avenue

Sami's Super Store on 5th Avenue was robbed on last Thursday afternoon. Shop owner Samsu Uddin was with his worker and four customers when four black men entered and two produced firearms and instructed them to go to the back. The suspects searched all of them and took two cellphones and a customer's car keys for his white Golf 7 which was parked in front of the shop, and the cash till.

Empowering women in business

The South Rand Spar Distribution Centre, near OR Tambo, hosted its second annual Vuca (Volatile, Uncertain, Complex, Ambiguous) Women's Networking Programme on September 25. The event aims to recognise the many significant roles women play in society, and, that women can make a difference despite the disruptions caused by the multiple roles they play at any given time in their lives. Most often women juggle careers, motherhood, marriage and studying at the same time.

Europe Markets: European stocks fail to hold gains and book biggest weekly decline in 8 months

NewsWatch: Here's how much damage has been done to the stock market during a powerful rout CryptoWatch: Bitcoin holds above $6,000 but ends week lower; Bets against Ether hit record By MarketWatch On 12 October 2018 · Leave a Comment European equities on Friday finish the day lower as a rally falters, helping to cement the sharpest weekly drop from the most of the main eurozone benchmarks since February.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Egypt looks to tap Asian debt markets under debt restructuring

NUSA DUA, Indonesia, Oct 13 (Reuters) - Egypt is considering issuing bonds in currencies other than the euro and the US dollar after launching a roadshow in Asia, Finance Minister Mohamed Maait told Reuters on Saturday, as the government steps up efforts to improve its debt structure. The minister met investors in Seoul last week and plans to continue the marketing trip to Singapore, Japan and Malaysia among other countries, Maait said in an interview on the sidelines of the International Monetary Fund and World Bank annual meetings in the resort island of Bali. Egypt raised 2 billion euro in bonds in April, its first issue in the single currency, and is planning to sell more euro-denominated debt next year.

Ramaphosa calls for harsh action against 'VBS crooks'

President Cyril Ramaphosa wants developments around the VBS scandal to be dealt with swiftly, adding that all the individuals implicated should face the music. The president said this on Saturday during his address at the Fundraising Gala Dinner hosted by the ANC KwaZulu-Natal Musa Dladla Region. READ: South Africa was being looked at by international investors which is why it was important that issues such as corruption were dealt with speed, Ramaphosa said.

Strong demand, pre-election spending drives Zim brewer's sales through the roof

The plausible, wild theory of how Jamal Khashoggi could have recorded his own death Ether creator claims he's No billionaire By IoL Business Report On 13 October 2018 · Leave a Comment AB InBev brewing partner in Zimbabwe posts record half-year lager sales.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Day 1 With Call of Duty: Black Ops 4's Blackout — Solid, But Strangely Unrewarding

Exxaro looks to fill Eskom coal shortage Box Office: ‘Venom' Falls 70% As It Swings Past $300M Worldwide By Forbes Magazine On 13 October 2018 · Leave a Comment First impressions of Call of Duty: Black Ops 4's Blackout battle royale mode, a solid entry into the genre, but one that has some issues.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Strong demand, pre-election spending drives Zim brewer's sales through the roof

INTERNATIONAL - Zimbabwe's largest brewer Delta Corporation on Wednesday announced a record 54 percent rise in lager sales by volume in the half-year to September, driven by strong demand and pre-election spending, which drove revenues up by more than a third. Delta, which is 40 percent owned by Anheuser-Busch InBev (AB InBev), said in a trading update that revenues increased 37 percent during the March-to-September period, boosting profitability and cashflow. However, the company said its soft drinks output, which grew 3 percent, was affected by shortages of imported raw materials, which caused production stoppages.

10-Year-old killed in pedestrian vehicle collision in Hammanskraal

Gauteng: At 12H48 Saturday afternoon Netcare 911 responded to reports of a Pedestrian vehicle collision on the N1 Danie Joubert Freeway in Hammanskraal. Reports from the scene indicate that a 10-year-old female was knocked down by a light motor vehicle. The patient was assessed on scene by an Advanced life support paramedic and found to have no signs of life and Tragically declared deceased.

Johannesburg rubbish collection backlog cleared

JOHANNESBURG - The City of Johannesburg says the rubbish collection backlog has been cleared. The streets of Johannesburg were left with bins full of rubbish for almost a week. That's after the City failed to renew on time a multimillion-rand contract with Avis SA, the vehicle-rental company in the Barloworld group.

$1trln powder keg threatens the corporate bond market

These Are The Skills That Your Kids Will Need For The Future (Hint: It's Not Coding) The Wall Street Journal: Uptick in migration from Guatemala stumps U.S. officials By IoL Business Report On 13 October 2018 · Leave a Comment They were once models of financial strength—corporate giants like AT&T, Bayer and British American Tobacco.

2 Injured in Witkoppen crash

Gauteng: At 07H13 Saturday morning Netcare 911 responded to reports of a collision on Witkoppen road in Sunninghill Sandton. Reports from the scene indicate that a light motor vehicle and a SUV were involved in a collision. One person sustained minor injuries and another person declined ambulance transportation to hospital.

Exxaro looks to fill Eskom coal shortage

Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages..

5 Injured in Pietermaritzburg crash

KwaZulu-Natal: At 12H19 Saturday afternoon Netcare 911 responded to reports of a collision on CB Downes Road in Mkondeni Industrial Area, Pietermaritzburg. Reports from the scene indicate that two light motor vehicles were involved in a collision. A total of five patients sustained moderate injuries.

Seven injured in Krugersdorp crash

Gauteng: At 08H52 Saturday morning Netcare 911 responded to reports of a collision on Adcock Street in Kagiso Krugersdorp. Reports from the scene indicate that two light motor vehicles were involved in a collision. A total of seven patients sustained injuries ranging from minor to serious.

Tip-off results in successful drug bust

Following an intelligence-driven integrated operation, the South African Police Service in Ekurhuleni West teamed up with the Drug Enforcement Unit from Ekurhuleni Metro Police Department and had a successful drug-bust with subsequent arrests. Police responded to a tip-off, which led the integrated team to a house in Palm Ridge where police arrested two suspects aged 29 and 38 respectively, for dealing in and for possession of drugs after seizing an undisclosed amount of cash and drugs: CAT and crystal meth. After investigating, police were led to a house in Katlehong where police seized more quantities of CAT, paraphernalia of the South African Police Service was also found at the office.

Kingsmead confirmed as T20 League host venue

Kingsmead joins Bidvest Wanderers Stadium, SuperSport Park, St. George's Park, PPC Newlands and Eurolux Boland Park as the bases for the tournament. Kingsmead has been confirmed as one of the six venues for the T20 League tournament.

So you're about to retire - now what?

Contemplating the financial implications of retirement is one of the most important issues in life. With this in mind, Gary Fisher, certified financial planner and head of Member Education Services at Alexander Forbes, has noted some of the most important financial decisions required as you embark on the next chapter of your life: 1. What financial options do I have when I reach retirement age as stipulated by my employer? You no longer have to retire from your retirement fund when you retire from the service of your employer and start earning a pension immediately, you may elect to retire from the fund after normal retirement age as set out in your fund's rules, said Fisher.

Rand rallies as Moody's seen holding fire, stocks rebound

Rand shakes off bears as risk demand returns. The rand continued to rally on Friday, lifted by a deep Wall Street selloff and near unanimous bets that Moody's will keep the country's credit rating at investment grade. Stocks snapped a four-day losing streak to end the week positive, led by market heavyweight Naspers.

Costatu wants VBS and Steinhoff ‘looters' to be treated the same

The Congress of South African Trade Unions is calling on law enforcement agencies to act decisively against the identified culprits in the corruption scandal at VBS Bank. The union is calling for no mercy to be shown to those implicated wants their assets to be seized to send a clear message to all future criminals The federation has also noted the biased coverage and phoney outrage from some hysterical hypocrites in the media, who accidentally did not demonstrate the same level of hysteria when Steinhoff was looted. Steinhoff liars and looters need to be treated the same way as VBS looters and not differently.

30-year-old man killed after being struck by car on John Vorster Drive, Pretoria

Gauteng: At 19H08 Friday night Netcare 911 responded to reports of a Pedestrian vehicle collision on the R80 John Vorster Drive in Pretoria. Reports from the scene indicate that an adult male aged approximately 30-years-old was struck down by a light motor vehicle. The patient was assessed by a Netcare 911 Emergency Care Practitioner and was found to have no signs of life and declared deceased.

What DStv and Telkom have in common

MultiChoice and Telkom are both well-known companies in South Africa and have dominated the market in their respective arenas. MultiChoice, through its DStv service, was the number one option when it came to entertainment. If you wanted movies, TV series, and sport, DStv was the place to go.

Exxaro looks to fill Eskom coal shortage

JOHANNESBURG - Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations, supplies more than 90 percent of the nation's power and is one of its most indebted state firms. "We have made offers to Eskom, they have from what I hear, approved those offers," Exxaro's chief executive officer Mxolisi Mgojo told Reuters in an interview.

Thabazimbi mine transfer to AMSA finalised

The transfer of ownership of the Thabazimbi iron-ore mine, from Kumba Iron Ore to steel producer ArcelorMittal South Africa (AMSA) has been finalised, Kumba said on Friday. Kumba in early 2017 agreed to transfer the mine, in Limpopo, to AMSA, for R1, plus the assumed liabilities. Until 2014, the mine was a captive mine owned and run by Kumba subsidiary Sishen Iron Ore Company, but was funded by and supplied ore exclusively to AMSA.

Kingsmead confirmed as T20 League host venue

Durban - Cricket fever has started to grip KwaZulu-Natal fans of the game after Kingsmead was confirmed as one of the six host venues for the new T20 League competition. Kingsmead joins Bidvest Wanderers Stadium, SuperSport Park, St. George's Park, PPC Newlands and Eurolux Boland Park as the bases for the tournament, following an independent assessment by Nielsen Sport.

Gus Silber: Remembering Pik Botha and His Whataboutery

Whataboutery is the art, in debate and dialogue, of evading a question by deflecting attention to an issue of supposedly equal or greater significance… writes Gus Silber . It is the easiest and cheapest of rhetorical tactics, dating all the way back to the schoolyard - "I know I am, but what are you?" - which is why it is so beloved of politicians and their flock. A current example can be found in the airing of the dirty laundering of monies allegedly paid by the embattled VBS Bank to the EFF's Floyd Shivambu, via his brother, Brian .

Hulu and Verizon sponsor Fox's Sunday night reduced-ads experiment

Fin24.com | South Africa among the losers as $85 oil opens chasm between emerging markets MARKET WRAP: JSE snaps losing streak on Naspers, but overall picture still negative By Advertising Age On 12 October 2018 · Leave a Comment Hulu and Verizon are sponsoring Fox's first experiment in reducing commercial loads on Sunday nights. This Sunday, Fox will introduce its branded-content breaks and so-called jaz pods, which are one-minute commercial breaks, during its primetime lineup of animated series "The Simpsons," "Bob's Burgers" and "Family Guy," as well as the new comedy "Rel.

UPDATE 1-U.S. Gulf of Mexico oil output down 32 pct from storm -regulator

(Adds details on returning workers and production restarts) HOUSTON, Oct 12 (Reuters) - U.S. Gulf of Mexico producers have cut oil output by 32 percent and natural gas production by 13 percent as a result of the lingering effects of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Friday, citing reports from 27 companies.

Capitol Report: Khashoggi outcry may spur Saudis to step up their already-powerful lobbying

Pastor freed in Turkey and on his way home to US Flanked by musicians, Trump signs music copyright bill into law By MarketWatch On 12 October 2018 · Leave a Comment The furor over Saudi Arabia's alleged role in the disappearance of Jamal Khashoggi could lead the country to ramp up its already-powerful lobbying and public-relations efforts in Washington, D.C., says the author of "The Foreign Policy Auction.

Flanked by musicians, Trump signs music copyright bill into law

Capitol Report: Khashoggi outcry may spur Saudis to step up their already-powerful lobbying ETF Investing: Market carnage has investors fleeing from bonds, but not stocks By MarketWatch On 12 October 2018 · Leave a Comment Joined by Kid Rock, original Beach Boys member Mike Love, and other stars, President Trump signed the Music Modernization Act on Thursday to close loopholes in existing copyright legislation.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Kassandra Should Have Been The Only Hero Option In ‘Assassin's Creed Odyssey'

"Feeling a little fuzzy": Reviews pour in for the world's longest flight Taxify now embedded in Google Maps in SA By Forbes Magazine On 12 October 2018 · Leave a Comment Kassandra is the reason Assassin's Creed Odyssey works so well, and the game is worse if you don't choose her.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Capitol Report: Elon Musk makes little-noticed visit to White House

Fin24.com | Relief for global stocks sees JSE close firmer "Miranda Sings" and the Exhausting Aspects of Having a Viral Persona By MarketWatch On 12 October 2018 · Leave a Comment Elon Musk made a little-noticed visit to the White House on Thursday, though it's unclear who the Tesla Inc. chief executive met with or what his purpose was.

Capitol Report: Economic inequality could cause U.S. debt downgrade, Moody's says

Liberty and the FCSA partner to educate communities on unclaimed benefits Usain Bolt is slowly but surely becoming a soccer player By MarketWatch On 12 October 2018 · Leave a Comment Rising disparity between the most well-off Americans and those on the lower rungs of the economic ladder will require more resources just at the moment when politics becomes even more polarized as a result, leaving the deficit to keep swelling, credit-ratings agency Moody's said.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Bank earnings fail to light a fire under stocks

ETF Investing: Market carnage has investors fleeing from bonds, but not stocks PSG jumps after saying it expects 40% rise in HEPS By MarketWatch On 12 October 2018 · Leave a Comment The third-quarter earnings season kicked off as expected on Friday, with three of the nation's biggest banks delivering reports that initially impressed, but lost some of their shine as the trading session progressed.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Fin24.com | South Africa among the losers as $85 oil opens chasm between emerging markets

The rise of the silent meeting MARKET WRAP: JSE snaps losing streak on Naspers, but overall picture still negative By fin24.com On 12 October 2018 · Leave a Comment Oil prices have been creeping upwards for more than a year, quietly gaining ground as emerging-market investors fretted about trade and the end of cheap money.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

PSG jumps after saying it expects 40% rise in HEPS

Bank earnings fail to light a fire under stocks The rise of the silent meeting By Business Day On 12 October 2018 · Leave a Comment The investment company expects interim HEPS to leap due to a fair-value adjustment of its holding in agribusiness investor Zeder   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

#RandReport: Rand rallies as Moody's seen holding fire, stocks rebound

JOHANNESBURG - South Africa's rand continued to rally on Friday, lifted by a deep Wall Street selloff and near unanimous bets that Moody's will keep the country's credit rating at investment grade. Stocks snapped a four-day losing streak to end the week positive, led by market heavyweight Naspers. At 1530 GMT the rand was 1.

#FearlessWoman: Amy Kleinhans-Curd merging business and education

Amy Kleinhans-Curd is a business woman, philanthropist and sought-after public speaker and sits on the board of several international companies. READ ALSO:  #FearlessWoman: Dr. Rolene Struass personifies 'beauty with a purpose' Kleinhans-Curd was the first woman of colour to be titled Miss South Africa , becoming an icon for millions around the country.

Winners of 2018 MTN Business App of the Year Awards announced

The 7th edition of the MTN Business App of the Year Awards took place on Thursday, 11 October 2018 at the Sandton Convention Centre, Johannesburg South Africa. The prestigious award was attended by dignitaries from the public and private sector, members of the app development community, and other related stakeholders. The MTN Business App of the Year Awards sees both small businesses and large corporates converging, and working together for the greater good of society.

TRUMP cannot condemn Saud's MBS because of business deals

FILE - This is a July 4, 1988 file photo of Donald Trump's yacht, the Trump Princess, in New York City. In 1991, as Trump was teetering on personal bankruptcy and scrambling to raise cash, he sold his 282-foot Trump Princess yacht to Saudi billionaire Prince Alwaleed bin-Talal for $20 million, a third less than what he had reportedly paid for it. Donald Trump's business ties to Saudi Arabia run long and deep, and he's often boasted about his business ties with the kingdom.

Venerable Colt to next-gen Triton - How Mitsubishi's bakkie business happened

Mitsubishi isn't South Africa's largest bakkie brand but its customers are some of the most loyalist. Although market share has fluctuated since the brand's local reintroduction in the mid-1990s, this year celebrates 40 years of Mitsubishi bakkies, globally.  To mark the occasion, we present a retrospective, chronicling the Mitsubishi 1t bakkie timeline.

Farming app Khula wins best agriculture solution at the MTN Business Awards

Last night was the MTN Business Awards and there was huge uproar on stage as the announcement of best app of the year award went to Khula Agriculture Technology. Khula is an app designed for emerging farmers to connect them directly to the formal market place. Matthew Piper and Karidas Tshintsholo, founders of this budding technology join CNBC Africa for more.

East London crime response officer busted for Oriental Plaza business robbery

A Crime Intelligence driven operation was conducted by members of East London Detectives, Crime intelligence with assistance of East London Crime Prevention on Friday night. "They followed an information on bussiness robbery that took place at the Oriental Plaza in East London," said police spokesperson, W/O Hazel Mqala. "The information led to an arrest of two male suspects, aged 28 and 38 years old.

BUSINESS: Sears aims to close up to 150 stores in bankruptcy

Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources (Reuters) - Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday.

PE Business in the news: Tiger Brands is back in business

: Promote your business on BuyPE and MyPR. Tiger Brands is back in business: Tiger Brands is "back in business" after it's Germiston plant was issued with … frozen sausages and even salami commenced on Friday. Studio Tel (Port Elizabeth): 083 913 8 955 (VAS rates apply) Stud… Source: "Port Elizabeth" business - BingNews.

PE Business in the news: Tiger Brands is back in business

: Promote your business on BuyPE and MyPR. Tiger Brands is back in business: Tiger Brands is "back in business" after it's Germiston plant was issued with … frozen sausages and even salami commenced on Friday. Studio Tel (Port Elizabeth): 083 913 8 955 (VAS rates apply) Stud… Source: "Port Elizabeth" business - BingNews.

Three predictions for the future of business from the CEOs of TaskRabbit, Stripe, and LinkedIn

UN membership vote, stocks bounce back, scared bees Trump Today: Trump Today: President hails American pastor Brunson's release by Turkey "The digital revolution is whipping through our lives like a Bengali typhoon," wrote Louis Rossetto, the founder of an upstart magazine called Wired, in its inaugural issue in 1993. "If you're looking for the soul of our new society in the wild metamorphosis, our advice is simple. Get Wired.

PE Business in the news: Tiger Brands is back in business

Promote your business on BuyPE and MyPR . Tiger Brands is back in business : Tiger Brands is "back in business" after it's Germiston plant was issued with … frozen sausages and even salami commenced on Friday. Studio Tel ( Port Elizabeth ): 083 913 8 955 (VAS rates apply) Stud… Source: "Port Elizabeth" business - BingNews .

PE Business in the news: Tiger Brands is back in business

Promote your business on BuyPE and MyPR . Tiger Brands is back in business : Tiger Brands is "back in business" after it's Germiston plant was issued with … frozen sausages and even salami commenced on Friday. Studio Tel ( Port Elizabeth ): 083 913 8 955 (VAS rates apply) Stud… Source: "Port Elizabeth" business - BingNews .

Exxaro looks to fill Eskom coal shortage

South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom , which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations, supplies more than 90% of the nation's power and is one of its most indebted state firms. "We have made offers to Eskom.

Fin24.com | South Africa among the losers as $85 oil opens chasm between emerging markets

The rise of the silent meeting MARKET WRAP: JSE snaps losing streak on Naspers, but overall picture still negative By fin24.com On 12 October 2018 · Leave a Comment Oil prices have been creeping upwards for more than a year, quietly gaining ground as emerging-market investors fretted about trade and the end of cheap money.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

South Africa among the losers as $85 oil opens chasm between emerging markets

South Africa found itself among countries like Turkey, Chile, India and other countries that bore the brunt of an ongoing surge in the Brent crude price sweeping through economies of the world.  Oil prices have been creeping upwards for more than a year, quietly gaining ground as emerging-market investors fretted about trade and the end of cheap money. But now that crude is near the highest in four years, it's suddenly a hot topic.

Fin24.com | Markets wrap: stocks gain with earnings in focus, treasuries dip

Numsa vows to challenge interdict against strike at Toyota SA Moody's expected to hold its outlook for SA at stable By fin24.com On 12 October 2018 · Leave a Comment Stocks have staged a broad recovery as strong trade data from China buoyed markets, with investor focus turning to third-quarter earnings at the end of a tumultuous week.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

GRAPHIC-Take Five: World markets themes for the week ahead

(Refiles to fix chart in theme 5)LONDON, Oct 12 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/HELTER SKELTER The past week's stock market slide has wiped $2.6 trillion off the value of global equity.

GLOBAL MARKETS-Shares rebound but remain on track for weekly loss

* Tech stocks lead Wall St's bounce after two-day slide * Gold pulls back from two-month highs as stocks rebound * China trade surplus with U.S. hits all-time peak * Dollar recovers as equity sell-off eases * Yields rise after U.

World stock markets rebound from rout

Global stock markets staged a mild rebound Friday, one day after ferocious losses sparked by heightened economic concerns, notably over rising US interest rates that have drawn attacks from President Donald Trump on his "crazy" central bank. Asia enjoyed healthy gains, with star performer Hong Kong surging 2.1 percent, Shanghai up 0.

Africa Top10 Business News

1 Will Crypto be Endorsed in Africa? As the use of cryptocurrencies gains momentum, African central banks, gripped by crypto-phobia, are pressing panic buttons, with some taking the easy way out by banning the use and trading in cryptocurrencies in their territories. African Business Magazine explores the root of the fear. SOURCES:  African Business Magazine 2 Zimbabwe's Economic Reforms Hit the Pocket The country's markets have been roiled after a tax increase last week triggered panic buying of gasoline and spurred individuals to turn to equities as a refuge against rising prices.

INFOGRAPHIC: Common challenges faced by small business owners

An inaugural small business survey released by Yoco - a fintech startup listed state economy and lack of cash flow as some of the most common challenges faced by small businesses. The Small Business Pulse survey ran in August 2018, with 3 621 responses from small business in Yoco's database of over 28 000 merchants, suggests that small business operators remain positive about the potential for their businesses to grow and become more profitable, as well as their ability to employ more staff. On a scale from -100 to 100, with 0 being completely neutral, the overall Pulse score for small businesses sits at 32, indicating a level of optimism.

BUSINESS: General Electric postpones releasing Q3 earnings

GE pushes third-quarter earnings to October 30 (Reuters) - General Electric Co (GE.N) said on Friday it has pushed back its third-quarter earnings release date to Oct. 30 to allow new Chief Executive Officer Larry Culp complete business reviews and site visits.

China's Huawei to invest 1 bln yuan in cloud business over 3 years

HONG KONG, Oct 12 (Reuters) - China's Huawei Technologies Co Ltd, the world's largest telecom-equipment maker, plans to invest 1 billion yuan ($145 million) over the next three year to develop artificial intelligence (AI) capabilities for its cloud business, it said on Friday.Zheng Yelai, president of Huawei's cloud unit, also said the company planned to start offering public cloud service in South Africa, as it is "a strong base from which to develop cloud business in the African continent".Huawei established BU in 2017 to go into the public cloud service market in China, currently dominated by Alibaba.

Britain's FTSE fails to rebound in worst week since February

* FTSE 100 down 0.16 pct* Pound falls amid Brexit angst* Tobacco stocks fall* Patisserie Valerie suspended (Adds closing prices)By Julien Ponthus and Helen ReidLONDON, Oct 12 (Reuters) - UK shares failed to rebound on Friday and posted their worst weekly loss since a market correction in February as a new sell-off hit stock markets across the globe, amid worries about protectionism and fast-rising U.S.

Relief for global stocks sees JSE close firmer

The JSE rebounded on Friday along with other global equity markets following a resurgence led by Asian stocks. Tencent Holdings which has broken stock market records on the course of its sell-off over the past couple of weeks, ricocheted to close 8.01% higher at $HK288.

Exxaro to supply Eskom with coal?

Eskom said in September it was trying to secure new contracts with companies to ensure it had enough coal. | JOHANNESBURG - Exxaro says it's looking to supply coal to Eskom, which has been hit by supply shortages, posing a threat to South Africa's power supply.Eskom, which has , supplies more than 90% of the country's power and is one of its most indebted state firms.

Ashwell Prince to coach WC T20 League franchise

The Western Cape will have two franchises in Cricket South Africa's new T20 League, one based at Newlands and the other in Paarl. | CAPE TOWN - Western Province Cricket CEO Nabiel Dien has been proactive or perhaps gone for the logical option as he confirmed to EWN Sport that Ashwell Prince and his coaching staff will take charge of the new franchise.The Western Cape will have two franchises in Cricket South Africa (CSA)'s new T20 League, one based at Newlands and the other in Paarl.

Reconstruction of Clanwilliam Dam to create 4 000 jobs

Pepkor executives to go after Christo Wiese for Steinhoff damages A surefire way to stand out in the phone market is to add more cameras By IoL Business Report On 12 October 2018 · Leave a Comment The construction of the Clanwilliam Dam in the Cederberg district in the Western Cape is envisaged to create more than 4 000 job opportunities.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Capitol Report: Corporate America begins to distance itself from Saudi money due to Khashoggi affair

The market under Trump has still risen more than under every modern president—except Obama Exxaro looks to fill Eskom coal shortage By MarketWatch On 12 October 2018 · Leave a Comment As the outcry grows over the alleged murder of Washington Post columnist Jamal Khashoggi, some U.S. companies are cutting ties with Saudi Arabia — and more could follow suit.

Numsa vows to challenge interdict against strike at Toyota SA

Exxaro looks to fill Eskom coal shortage Fin24.com | Markets wrap: stocks gain with earnings in focus, treasuries dip By IoL Business Report On 12 October 2018 · Leave a Comment The National Union of Metal Workers of South Africa said it would challenge a labour court interdict against a strike by its members at Toyota.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

UPDATE 1-In crackdown, U.S. FDA seeks details on new electronic cigarettes

(Adds comment from companies and stock reaction) By Chris Kirkham LOS ANGELES, Oct 12 (Reuters) - Faced with a proliferation of new electronic cigarettes and a sharp rise in teen vaping, the U.S. Food and Drug Administration on Friday sent letters to 21 electronic cigarette manufacturers seeking information to assess whether the products are being marketed illegally.

UPDATE 1-South African rand rallies as Moody's seen holding fire, stocks rebound

* Rand shakes off bears as risk demand returns * Market rebound over 2 pct, Naspers surges 8 pct (Adds latest prices, analyst comments) JOHANNESBURG, Oct 12 (Reuters) - South Africa's rand continued to rally on Friday, lifted by a deep Wall Street selloff and near unanimous bets that Moody's will keep the country's credit rating at investment grade. Stocks snapped a four-day losing streak to end the week positive, led by market heavyweight Naspers. At 1530 GMT the rand was 1.

4 Injured in N3 Midlands rollover

KwaZulu-Natal: At 15H00 Friday afternoon Netcare 911 responded to reports of a collision on the N3 North bound near the Lion's River offramp in the KZN Midlands. Reports from the scene indicate that the driver of a light motor vehicle lost control resulting in the vehicle rolling over. Four people sustained minor injuries and were treated on scene and transported to hospital for further treatment.

Two injured in N1 Midrand crash

Gauteng: At 12H21 Friday afternoon Netcare 911 responded to reports of a collision on the N1 North bound just before the New Road offramp in Midrand. Reports from the scene indicate that two light motor vehicles were involved in a collision. Two people sustained minor injuries, one person was transported to hospital and the other declined ambulance transportation.

PSG jumps after saying it expects 40% rise in HEPS

The investment company expects interim HEPS to leap due to a fair-value adjustment of its holding in agribusiness investor Zeder Stellenbosch-based Investment company PSG Group said on Friday it expected headline earnings per share to rise as much as 40.5% in the six months to end-August, bolstered by a fair-value gain in its Zeder holding. Attributable headline earnings per share are expected to be between 32.

South Africa's Exxaro looks to fill Eskom coal shortage

The logo of South African coal mining company Exxaro is seen outside the company's Pretoria headquarters By Tanisha HeibergJOHANNESBURG (Reuters) - South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations, supplies more than 90 percent of the nation's power and is one of its most indebted state firms."We have made offers to Eskom, they have from what I hear, approved those offers," Exxaro's chief executive officer Mxolisi Mgojo told Reuters in an interview.

Some e-cigarettes may need to halt sales after latest FDA move

U.S. health officials dialed up their efforts to halt an epidemic of underage electronic-cigarette use, warning tobacco companies including British American Tobacco that their products may be violating the law and could need to come off the market.

Woman injured in N1 Sandton rollover

Gauteng: At 11H18 Friday morning Netcare 911 responded to reports of a collision on the N1 North bound just before the Allendale road offramp in Sandton. Reports from the scene indicate that a light delivery vehicle hit a Heavy motor vehicle after losing control resulting in the bakkie rolling several times. An adult female sustained minor injuries and was treated on scene before being transported by another private ambulance service to hospital for further treatment.

In crackdown, U.S. FDA seeks details on new electronic cigarettes

By Chris KirkhamLOS ANGELES, Oct 12 (Reuters) - Faced with a proliferation of new electronic cigarettes and a sharp rise in teen vaping, the U.S. Food and Drug Administration on Friday sent letters to 21 electronic cigarette manufacturers seeking information to assess whether the products are being marketed illegally.

China's Huawei to invest 1 bln yuan in cloud business over 3 years

HONG KONG, Oct 12 (Reuters) - China's Huawei Technologies Co Ltd, the world's largest telecom-equipment maker, plans to invest 1 billion yuan ($145 million) over the next three year to develop artificial intelligence (AI) capabilities for its cloud business, it said on Friday. Zheng Yelai, president of Huawei's cloud unit, also said the company planned to start offering public cloud service in South Africa, as it is "a strong base from which to develop cloud business in the African continent". Huawei established BU in 2017 to go into the public cloud service market in China, currently dominated by Alibaba.

3 questions to ask yourself when considering a business venture

Vere Shaba, an award-winning green building innovator, made a big mistake when she entertained an offer from a Spanish company. The entrepreneur, who is the director of engineering consulting firm Shaba Green Building Design and Engineering, always wanted to be a green engineer and worked hard to get there, but she got sidetracked (and lost a friend) when she chose to sell a product from the Spanish company instead of focusing on her business goals. READ MORE: 5 rules to help you discern good business advice Is this worth my time? "If you remember why you started out in your career or business in the first place, you will know when to say no.

Arcserve Unveils Business Continuity Cloud, the Market's Only Cloud-Born Solution to Safeguard Complex IT Infrastructures Am

Arcserve Business Continuity Cloud is the first solution to fully integrate all data protection processes under one cloud-based console for multi-generational IT infrastructures, such as those running a mix of non-x86, x86, and public and private clouds In a departure from alternative data protection providers that have simply taken on-premises products and migrated them to the cloud, Arcserve uniquely enables economies of scale with the only solution architected specifically for cloud backup, disaster recovery, high availability and email archiving New data being released by Arcserve found that nearly half of global IT decision-makers have less than one hour to recover business-critical data before it starts impacting revenue, despite only 26 percent being extremely confident in their ability to do so; cites resource constraints, backup acquisition and support costs, and multiple backup tools as leading challenges of safeguarding business-critical data To read the full Press Release click here. Subscribe to our Newsletters here Telecoms EN News update Telecoms and ICT in Africa - Issue no 946 12 October 2.

Shivambu carries on like it's business as usual

It seems to be the biggest threat to the EFFs credibility yet - the explosive revelation that Floyd Shivambu may have received R10 million from VBS Bank, and that his party may have received R1.3 million , in what appears to be the looting of the bank at the expense of some of South Africa's poorest people. The party has been reacting, though, as if it's business as usual.

Advice 3 questions worth asking yourself before getting into business By DESTINY MAN REPORTER

3 questions worth asking yourself before getting into business Print this articl Going into business always seems like a great idea, but actually, there are many propositions in which you shouldn't become entangled. Here are three questions you have to ask yourself before jumping the gun Vere Shaba, an award-winning green building innovator, made a big mistake when she entertained an offer from a Spanish company. The entrepreneur, who is the director of engineering consulting firm Shaba Green Building Design and Engineering, always wanted to be a green engineer and worked hard to get there, but she got sidetracked (and lost a friend) when she chose to sell a product from the Spanish company instead of focusing on her business goals.

Nigerian Business Woman, Jennifer Obayuwana, is Rewriting Style Norms, One Bold Look at a Time

Executive Director at one of Nigeria's leading luxury groups, Polo Limited, Lagos-based Jennifer Obayuwana is no stranger to fashion, especially when it comes to her personal style. She chats to ELLE SA's Dimeji Alara on her style inspirations, and the best places to hang out in Lagos! Tell us about yourself and what you do. I like to call myself 'The Underboss' because I am under the tutelage of my father, the founder of Polo Limited, the foremost luxury goods company in Nigeria.

How small business boosts the economy

"In South Africa, small and medium-sized enterprises (SMEs) make up 90% of formal businesses; contribute roughly 34% towards Gross Domestic Product (GDP); and provide employment to about 60% of the labour force." This is according to CEO of Old Mutual Wealth, Kerrin Land, in an interview with The Citizen. These stats prove that small businesses in South Africa are vital to a successful economy.

Markets wrap: stocks gain with earnings in focus, treasuries dip

Stocks staged a broad recovery on Friday as strong trade data from China buoyed markets, with investor focus turning to third-quarter earnings at the end of a tumultuous week. The dollar steadied as Treasury yields ticked higher. US equity-index futures jumped, suggesting the S&P 500 may snap its six-day losing streak when American markets open.

METALS-Aluminium breaks six-session losing streak as markets recover

* Aluminium holds above band of technical support * Shanghai zinc inventories jump 48.5 pct over two weeks (Updates with official prices) By Eric Onstad LONDON, Oct 12 (Reuters) - Aluminium rebounded on Friday, breaking a six-session losing streak, as speculators and consumers regarded the lower prices as good value against a background of recovering share markets. The metal touched a two-week low on Thursday amid a broad sell-off sparked by a global rout in equities.

Aluminium breaks six-session losing streak as markets recover

* Aluminium holds above band of technical support* Shanghai zinc inventories jump 48.5 pct over two weeks (Adds analyst comment, updates prices, changes dateline from MELBOURNE)By Eric OnstadLONDON, Oct 12 (Reuters) - Aluminium rebounded on Friday, breaking a six-session losing streak, as speculators and consumers regarded the lower prices as good value against a background of recovering share markets.The metal touched a two-week low on Thursday amid a broad sell-off sparked by a global rout in equities.

World stock markets rebound from rout

Global stock markets staged a mild rebound on Friday, one day after ferocious losses sparked by heightened economic concerns, notably over rising US interest rates that have drawn attacks from President Donald Trump on his "crazy" central bank. Asia enjoyed healthy gains, with star performer Hong Kong surging 2.1%, Shanghai up 0.

GLOBAL MARKETS-Resurgent shares still set for biggest weekly loss since Feb

* Asian, European shares bounce; sentiment cautious * VIX volatility gauge retreats from 8-month high * China trade surplus with U.S. hits all-time peak By Ritvik Carvalho LONDON, Oct 12 (Reuters) - Shares worldwide were set for their biggest daily gains in nearly a month on Friday as European and Asian markets recovered from a days-long sell-off that left them set for their worst week since February.

Exxaro looks to fill Eskom coal shortage

Eskom is facing coal shortages at 10 power stations, and is looking to finalise new contracts by the end of October. South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations, supplies more than 90% of the nation's power and is one of its most indebted state firms.

South Africa's Exxaro looks to fill Eskom coal shortage

* Eskom faces coal shortages at 10 power stations * Utility aims to finalise new contracts by end Oct By Tanisha Heiberg JOHANNESBURG, Oct 12 (Reuters) - South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations, supplies more than 90 percent of the nation's power and is one of its most indebted state firms. "We have made offers to Eskom, they have from what I hear, approved those offers," Exxaro's chief executive officer Mxolisi Mgojo told Reuters in an interview.

MTN faces mounting pressure from Nigeria on $8bn claim

MTN Group Ltd. is facing mounting pressure to transfer $8.1 billion to Nigeria after the country's central bank argued the wireless carrier should pay interest on the disputed repatriation of dividends until it surrenders the full amount.

10 Ways to Create a Meditation Space at Home

Image: Gaelle Marcel / Unsplash It's becoming increasingly important to make a conscious effort to take a time-out from tech and to make more time for thoughtful rumination. While you might not be a practising yogi, creating a meditation space at home might be just what you need to encourage more rest and relaxation. With the rise in popularity of concepts around ‘self-care' and increased internet searches for terms like ‘meditation spaces' and ‘meditation garden', it's clear we're all looking for ways to slow down the pace of our lives a little.

Fin24.com | Tiger Brands reopens meat processing plant after listeriosis outbreak

Oil prices jump 1% after two days of heavy losses Treasury bends own rules, incurs R770m in irregular expenditure: AG By fin24.com On 12 October 2018 · Leave a Comment Tiger Brands is re-opening its meat products processing facility that was closed following a major listeriosis outbreak.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Treasury bends own rules, incurs R770m in irregular expenditure: AG

Fin24.com | Tiger Brands reopens meat processing plant after listeriosis outbreak Grow: Don't let technology turn you into a jerk at work By IoL Business Report On 12 October 2018 · Leave a Comment Treasury flouted its own policies and regulations, incurred nearly R770m in irregular expenditure and paid R67m for goods and services not received.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

NerdWallet: 3 things you should hold off buying until Black Friday

Next Avenue: Are we doomed by a trillion-ton killer iceberg or giant blobs of fat in the sewers? WATCH: Stock picks — Discovery and Remgro By MarketWatch On 12 October 2018 · Leave a Comment Some deals are worth waiting for until Nov. 23—and what to do if you can't wait.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Flexing their muscles, debt collectors see an opportunity to fend off robocall rules

WATCH: Stock pick — Naspers World shares bounce after rout, set for worst week since February By MarketWatch On 12 October 2018 · Leave a Comment Debt collectors say they're getting tuned out in FCC's new robocall regulations.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Tiger Brands to re-open Germiston facility after listeriosis outbreak

American, Delta, and United Airlines Will Never Let You Do This One Thing During a Flight (This Might Actually Be a Good Thing) Five things making headlines in South Africa today By IoL Business Report On 12 October 2018 · Leave a Comment Packaged goods company Tiger Brands said it would re-open its Germiston Value Added Meat Products processing facility.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

World shares rebound but still set for worst week since February

Pepkor executives to go after Christo Wiese for Steinhoff damages Anti-apartheid veteran Eric ‘Stalin' Mtshali dies aged 87 By Business Day On 12 October 2018 · Leave a Comment Asian and European shares bounce back, as China' trade surplus with US hits record high   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Anti-apartheid veteran Eric ‘Stalin' Mtshali dies aged 87

World shares rebound but still set for worst week since February Pepkor executives to go after Christo Wiese for Steinhoff damages By Business Day On 12 October 2018 · Leave a Comment Mtshali was a member of the SACP‚ an anti-apartheid icon and one of the key figures in the formation of the South African Council of Trade Unions   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Rate of Ebola infection in DRC rises as health authorities struggle

Pepkor executives to go after Christo Wiese for Steinhoff damages By Business Day On 12 October 2018 · Leave a Comment Efforts are being hampered by insecurity in the region, where militia groups carry out frequent attacks, and through locals' mistrust of health workers   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Pepkor executives to go after Christo Wiese for Steinhoff damages

Anti-apartheid veteran Eric ‘Stalin' Mtshali dies aged 87 Rate of Ebola infection in DRC rises as health authorities struggle By Business Day On 12 October 2018 · Leave a Comment When Wiese merged Pepkor with Steinhoff in 2015,  execs were asked to exchange their shares in the business for Steinhoff shares   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

High hopes for marijuana activists and corporates

As the smoke clears after SA's recent cannabis judgment, marijuana activists are looking to make the most of the ruling, while corporates are trying capitalise on legislative leniency. But not everyone's pleased Forget headache-inducing champagne and run-of-the-mill cakes — weed-loving South Africans can now celebrate their weddings by sharing joints and pot brownies with their guests. "That's a private, invite-only function — of course you can have a cannabis wedding," says marijuana activist Myrtle Clarke.

Is your investment worth the risk?

I'm sure that most readers are familiar with the term "danger pay".  For many years, it was a term that was associated mainly with soldiers that had to do service in very dangerous areas.  These days it can even include extra insurance benefits against events like kidnappings for families whose occupations require them to relocate to areas where such a risk is high.

We've dodged the kleptocratic bullet - 7 reasons to be hopeful - Marius Oosthuizen

CAPE TOWN — We've dodged the kleptocratic bullet of state capture and it has yet to shatter the half-full glass of significant post-Zuptoid change. Yet we remain a country that has moved from the ICU to a High Care ward, says strategist, teacher and ethicist, Marius Oosthuizen. Urging the politically-frozen middle class to get off their backsides and stop outsourcing the country's future to lone heroes within their ranks, he provides solid evidence of post-Zuptoid change that can be leveraged to turn this country around within a decade or two.

'VBS funds bought useless things'

Deputy editor at Financial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested for the R2 billion that was stolen at VBS Mutual Bank. He says it is not surprising because nobody was arrested in a much bigger heist at Steinhoff where R200 billion vanished. Read: R10 million siphoned from VBS to Floyd Shivambu's personal account "Some people are sitting in Dubai for an even much bigger heist of the State and nothing whatsoever was done about it.

Competition Commission data challenged

Legalbrief Today recently reported: The Competition Commission's preliminary report into the private healthcare industry came under fire at the Hospital Association's annual conference recently when a lawyer described the data as flawed. According to a Beeld report, Anthony Norton, of law firm Nortons Inc, said in his presentation the findings and recommendations of the commission should be reviewed as there were major problems with the data. He said the commission had used ‘old data' - dating from 2010 to 2015 - to ascertain market share of the hospital groups.

Tiger Brands meat products back on the shelves

South Africa 4th Floor West Tower, Sandown Mews, 88 Stella Rd. Sandton, Gauteng South Africa 2196 +27113840300 CNBC Africa Nigeria 6th Floor (East & West Wing), South Atlantic Petroleum Towers, 1 Adeola Odeku Street, Victoria Island, Lagos State Nigeria +234 (1) 279 8034/ 5 CNBC Africa Kenya 4th Floor CVS Plaza Business Park Nairobi Kenya +254 728202051 CNBC Africa Rwanda RBA office KG7 Avenue Kacyiru Kigali Rwanda +250-734175008 Admin Office: 1st floor Kigali Convention Centre Kigali Roundabout Kimihurura Kigali Rwanda.

Court says Colombia votes cannot block mining, oil projects

BOGOTA - Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors, and forced some to alter investment plans, like AngloGold Ashanti which suspended a potential $2-billion project last year. The ruling on the suit brought by Mansarovar Energy Colombia, a joint venture between India's ONGC-Videsh and China's Sinopec, was backed five to one by magistrates, the court said.

SA Handbag Thieves Using Kids With Great Success [Video]

Crime in South Africa is becoming such a lucrative business that criminals are now bringing in children to help out. A video has been doing the rounds on social media showing what appears to be a woman using a small child to steal a phone from an older lady's handbag. The theft happened at the Vincent SuperSpar in East London, reports News24 .

SA Handbag Thieves Using Kids With Great Success [Video]

Crime in South Africa is becoming such a lucrative business that criminals are now bringing in children to help out. A video has been doing the rounds on social media showing what appears to be a woman using a small child to steal a phone from an older lady's handbag. The theft happened at the Vincent SuperSpar in East London, reports News24 .

Market meltdown relents with global rally, rand continues to rebound

Global markets rally on Friday, pausing after several days of aggressive selling. "It's a pause for breath, we've had a sharp drawdown and now the market has taken a breath," Kerry Craig, global market strategist at JPMorgan Asset Management said. Stocks in Asia and Europe are higher, while US futures point to gains of more than 1% in US equities when the market opens in a few hours.

Eliminating human-error in industrial manufacturing and retail

In the South African industrial manufacturing and retail industries, businesses are faced with economic pressure and constantly increasing demand. This requires constant innovation and the application of best practice, especially in the effective management of warehouses, finance, planning, production and supply chain processes. While these processes are often managed by dedicated staff, the propensity for human error leads to monumentally damaging operational inefficiencies - and the larger the business, the greater the damage.

Britain's FTSE stages modest rebound after global sell-off

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* Asian shares bounce back* FTSE 100 up 0.6 pct* Tobacco stocks fall* Patisserie Valerie suspendedBy Julien Ponthus and Helen ReidLONDON, Oct 12 (Reuters) - UK shares staged a modest recovery on Friday after a broad sell-off and a burst of volatility hit stock markets across the globe, amid worries about protectionism and fast-rising U.S.

Pepkor executives to go after Christo Wiese for ...

When Wiese merged Pepkor with Steinhoff in 2015, execs were asked to exchange their shares in the business for Steinhoff shares A group of senior executives of Pepkor Holdings intends to seek compensation directly from the company's previous chair, Christo Wiese, due to damages they incurred as a result of the Steinhoff debacle, new court papers show. This was according to the testimony of Dawie van Niekerk, the previous chief operating officer of Tekkie Town, a business Pepkor acquired from Steinhoff in 2017. Pepkor was previously named Steinhoff Africa Retail (Star) before changing its name in June.

EDITOR'S LUNCHBOX: No trucks to take out the City of Joburg's trash

This is how VBS seems to have used a loan from the PIC as a slush fund, and Trevor Manuel takes Anthony Butler's version of history to task Stories of note Bytes from the digital world It turns out the reason Johannesburg's refuse was not collected for a week was that the DA-controlled city failed to pay rent for its garbage trucks. VBS Mutual Bank appears to have used a R350m loan from the Public Investment Corporation as a slush fund. In my opinion Matters of debate Former finance minister Trevor Manuel was irked enough by the history recounted by university lecturer Anthony Butler in his column, , to write a rebuttal.

'I hope the EFF leaders are listening, what's happening is dissapointing'

Senior ANC officials, along with members of the EFF are among those being fingered in the scandal relating to more than R1 billion being syphoned out of VBS Mutual Bank. Callers on the Eusebius Mckaiser Show weighed in on what has happened on VBS Mutual Bank. READ: A caller Xolani, says when he was going through his social media timelines, and in conversations with his colleagues, there seem to be conversations that suggest that people shouldn't too hard on those that siphoned money from VBS Mutual Bank because they are black.

'I hope the EFF leaders are listening, what's happening is dissapointing'

Senior ANC officials, along with members of the EFF are among those being fingered in the scandal relating to more than R1 billion being syphoned out of VBS Mutual Bank. Callers on the Eusebius Mckaiser Show weighed in on what has happened on VBS Mutual Bank. READ: A caller Xolani, says when he was going through his social media timelines, and in conversations with his colleagues, there seem to be conversations that suggest that people shouldn't too hard on those that siphoned money from VBS Mutual Bank because they are black.

UPDATE 1-European stocks claw back losses, but on track for worst week since Feb

* Euro STOXX up 0.4 pct * Argenx tops STOXX on positive broker note * Chipmakers AMS, Siltronic jump * Luxury stocks claw back losses (Updates prices, adds quotes, details) By Helen Reid LONDON, Oct 12 (Reuters) - European stocks staged a half-hearted recovery on Friday from a sharp selloff on world markets, after Asian shares also had a partial bounceback overnight. Euro zone stocks initially jumped 1 percent but rapidly shed some of those gains.

Glam it up!

Get it rounded up three Lowvelders who felt they needed a few tips on make-up application relevant to their age, not a makeover, but rather a lesson in how to apply what, where. Make-up has been an integral part of humankind for thousands of years. The ancient Egyptians were the leaders in this field by using copper and lead ore to create ways to enhance their beauty.

Takealot said to be planning Gauteng customer centre

South Africa's largest online retailer, Naspers-controlled Takealot.com, is said to be planning a Gauteng customer collections centre. Though the company is tight-lipped about its plans, TechCentral understands from sources that the old Caltex filling station on the New Road bridge over the N1 freeway in Midrand, north of Johannesburg, is the site that has been identified for the new facility.

Is your investment worth the risk?

I'm sure that most readers are familiar with the term "danger pay".  For many years, it was a term that was associated mainly with soldiers that had to do service in very dangerous areas.  These days it can even include extra insurance benefits against events like kidnappings for families whose occupations require them to relocate to areas where such a risk is high.

Confidence levels among consulting engineers hit rock-bottom

Indians love Bryan Adams because ‘Summer of 69' is almost a Hindi song now Naspers second-biggest loser in emerging market selloff By IoL Business Report On 12 October 2018 · Leave a Comment Confidence levels in the consulting engineering sector deteriorated to their lowest level ever in the first six months of this year.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Asia, Europe stage market fightback after global rout

Asian and European stock markets rallied on Friday after two days of ferocious selling sparked by higher US interest rates, trade war fears and attacks by President Donald Trump on his "crazy" central bank. Equities across Asia closed in the green after another topsy-turvy session that saw stocks initially suffer further heavy losses before bouncing back strongly. European markets followed Asia's lead, with Paris and Frankfurt enjoying a strong opening, both up more than 1%.

'VBS stolen money bought the most useless things like Ferraris and helicopters'

Deputy editor at Financial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested for the R2 billion that was stolen at VBS Mutual Bank. He says it is not surprising because nobody was arrested in a much bigger heist at Steinhoff where R200 billion vanished. Some people are sitting in Dubai for an even much bigger heist of the State and nothing whatsoever was done about it.

JSE bounces back on retailers and banks

Naspers is an early leader as analysts say market heavyweight offers 'value' after Tencent jumps 7% in Hong Kong trade on upbeat Chinese data The JSE all share rose at the opening on Friday as Asian markets gained from oversold levels, despite another sharp retraction on Wall Street. The Dow closed 2.13% lower on Thursday, but the Hang Seng rose 2% in Hong Kong trade with Chinese internet company Tencent jumping more than 7% as it continued with its share repurchase programme, buying back shares for a 22nd straight session.

Bins full of rubbish in Joburg due to bungled city contract

The streets of Johannesburg‚ including some in the richest suburbs of the economic heart of South Africa‚ were left with bins full of rubbish for almost a week after the city failed to timeously renew a multimillion-rand contract with Avis SA‚ the vehicle-rental company in the Barloworld group. Mayor Herman Mashaba‚ who was elected as the DA's mayor after the 2016 local government elections‚ having run on a ticket of improving governance‚ has emphasised cleaning up the city. This includes his monthly city-wide cleaning campaign‚ in which residents are encouraged to join in.

'VBS stolen money bought the most useless things like Ferraris and helicopters'

Deputy editor at Financial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested for the R2 billion that was stolen at VBS Mutual Bank. He says it is not surprising because nobody was arrested in a much bigger heist at Steinhoff where R200 billion vanished. Read: Some people are sitting in Dubai for an even much bigger heist of the State and nothing whatsoever was done about it.

Green reappointed as National Director of…

Richard Green has been reappointed as National Director of SAMBRA with effect from September 2018 after a break of eight years working ‘on the other side' of the motor repair industry. He joins at a critical time when the SAMBRA national executive committee is striving to maintain collaborative business partnerships in order to manage industry critical issues. "I look forward to engaging with truly collaborative business partners in the near future to ensure those relationships are maintained and hopefully improved.

Fin24.com | Gold comes alive in biggest jump since '16 after equities roiled

Tiger Brands re-opens processing facility Asian shares find their feet, but Shanghai rout continues By fin24.com On 12 October 2018 · Leave a Comment Gold may have finally snapped out of its inertia after receiving another shot in the arm as weaker-than-expected US inflation data raised speculation that the Fede may slow the pace of interest rate increases.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Fin24.com | Rand on front foot as currency firms to under R14.50/$

Naspers second-biggest loser in emerging market selloff Apartheid super-salesman turned democrat, Pik Botha, dead at 86 By fin24.com On 12 October 2018 · Leave a Comment The rand strengthened almost 1.5% against the dollar in early trade as the US currency continued its slide on poor inflation data.

Calls for stricter financial controls in SA

"Our prosecution system is letting us down." Following the scandals at Steinhoff and VBS Mutual Bank, more and more financial organisations are calling for tighter financial controls in South Africa. Professor Rossouw talks to Classic Business Breakfast with Moneyweb about why current controls need to be re-looked at and that the SARB should rethink the current legal framework.

Redefine appoints Amanda Dambuza to its board

Redefine Properties has appointed IT professional Amanda Dambuza to its board with effect from 2 November 2018. Dambuza, a highly accomplished technology executive and a seasoned entrepreneur, served as Barclay Africa's CIO before venturing to start Uyandiswa, a consulting firm where she is the CEO. She has more than 18 years of experience in technology and digital disruption.

SqwidNet and Discovery unite on IOT drive

Discovery Insure, a subsidiary of Discovery Limited, has concluded a partnership with SqwidNet, the Sigfox Operator in South Africa. SqwidNet says "South Africa sits on the edge of the fourth industrial revolution" and the company wants to focus on developing relationships that are designed to ignite digital transformation and foster ongoing innovation. Phathizwe Malinga, Managing Director at SqwidNet, said, "This is an opportunity for us to cement our commitment to driving innovation through IOT in South Africa.

Australian shares inch up amid subdued investor interest; NZ rises

* Metals and mining stocks gain big* Energy, real estate stocks drag benchmark* Aussie cenbank warns of housing slowdownOct 12 (Reuters) - Australian shares closed slightly firmer on Friday, but finished lower for a second consecutive week after heavy losses resulting from a global sell-off in the previous session.The S&P/ASX 200 index finished 0.2 percent, or 11.

Tencent is a huge falling knife - time to catch it?

Image: Chris Yunker Is it time to catch the global stock market's biggest falling knife? For watchers of Tencent Holdings, whose largest shareholder is South Africa's Naspers, it's an increasingly pressing question. The Chinese Internet giant's record-breaking selloff is getting worse, with Thursday's 6.8% rout bringing losses since late January to US$252-billion — by far the biggest wipeout of shareholder wealth worldwide.

Shares in India's United Breweries slide following antitrust raids

By Abhirup RoyMUMBAI, Oct 12 (Reuters) - Shares in India's United Breweries Ltd fell as much as 3 percent on Friday, a day after Reuters reported the brewer and two of its global rivals, had been raided in India as part of an ongoing investigation into price-fixing allegations.Reuters reported on Thursday that the Competition Commission of India conducted search and seizure operations at the offices of India's United Breweries (UB), Denmark's Carlsberg and the world's largest brewer Anheuser-Busch InBev (AB InBev) in at least two Indian cities.The United Breweries stock was down 1.

Saving vs Investing

Conventional economics say you can foretell a country's future by its domestic savings rate. In South Africa's case, the national savings rate is precariously low, particularly compared with some BRICS member countries. For example, South Africa's savings rate is less than 18% of GDP compared to over 42% in China.

Mokopane : ‘Businesses are closing due, houses are standing empty due to lack of municipal services'

President of the Mokopane Business Chamber, Andy Goetsch wrote a letter on behalf of the Business Chamber to voice their concerns to the Acting Municipal Manager, Kenny Maleluka MOKOPANE - Although he believes that Mokopane has a great future, the business sector is standing still, despite the fact that the town has the richest platinum mine in the world and a second platinum mine in progress, which will be equal to Anglo Platinum Mine. This affects the whole community, business people, workers, the public and unemployed, says President of the Mokopane Business Chamber, Andy Goetsch. Goetsch wrote a letter on behalf of the Business Chamber to voice their concerns to the Acting Municipal Manager, Kenny Maleluka.

Creating Your Own Successful Bitcoin Business-Part 44

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Creating Your Own Successful Bitcoin Business-Part 44

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

French and Benelux stocks-Factors to watch on Oct 12

Oct 12 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. ANHEUSER-BUSCH INBEV: India's antitrust watchdog raided the offices of three top beer companies including Anheuser-Busch InBev on Thursday as part of an investigation of price-fixing allegations. ENGIE: Engie was awarded a contract to provide 100 electric buses to Santiago de Chile's public transportation system.

Stock losses muted in Asia after global rout

It has been a rough couple of days in the market. BUSINESS NEWS - Some Asian stock markets opened in the red Friday, but losses were relatively muted as traders took a breather after a global rout sparked by fears over higher US interest rates. Japan's main Nikkei-225 index began the day more than one percent lower but bounced back in the first hour of trade.

Stock losses muted in Asia after global rout

Tokyo - Asia's main stock markets traded lower on Friday, but losses were relatively muted as investors took a breather after a global rout sparked by fears over higher US interest rates. Equities in Japan and China were marginally in the red but other smaller markets rebounded into positive territory as the fightback began from a broad-based capitulation over the past two days. In Tokyo, the main Nikkei-225 index began the day more than 1% lower but bounced back to flirt with positive territory after its mid-session break, down only 0.

Tiger Brands is back...

Tiger Brands is "back in business" after it's Germiston plant was issued with a certificate of acceptability by the Health Department in Ekurhuleni. According to the company their facility went through a rigorous assessment. Tiger Brands had to recall all their processed meat products and suspend their operations at several of their Value Added Meat Product (VAMP) facilities, following the worst Listeriosis outbreak in World history.

Tiger Brands re-opens processing facility after listeria outbreak

JOHANNESBURG - Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more than 200 people. The Health Department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March resulting in a class action lawsuit filed against the company..

Barloworld Equipment South Africa

Barloworld Equipment has been the southern African dealer for Cat products, including earthmoving machines and power systems, since 1927.

Tiger Brands Opens Meat Processing Plant After Listerosis Outbreak

FILE: The Enterprise factory in Germiston. Picture: Thomas Holder/EWN JOHANNESBURG: Tiger Brands says its meat processing plant in Ekurhuleni has met strict health requirements and is now re-opened. The company sent out a statement on Friday, saying the facility was closed following a major listerious outbreak.

Tiger Brands re-opens listeriosis-hit factories

JOHANNESBURG - Tiger Brands has re-opened its listeriosis-hit factories in Germiston and Polokwane. The sites were found to have been the source of the world's largest outbreak of the disease, which killed more than 200 people. Health authorities have given Tiger Brands the green light to resume production of processed meat including bacon and frozen sausages.

Tiger Brands to re-open Germiston facility after listeriosis outbreak

JOHANNESBURG - Packaged goods company Tiger Brands said on Friday it would re-open its Germiston Value Added Meat Products (VAMP) processing facility after it was issued a certificate of acceptability by the Ekurhuleni health department following rigorous assessments of the factory. Tiger Bands recalled processed meat products and suspended operations at several of its VAMP facilities earlier this year over a listeriosis outbreak. On Friday it said the certificate of acceptability issued to its Germiston plant endorsed the factory's standards and operating procedures for the safe production of food products.

WATCH: Stock picks — Discovery and Remgro

Oil prices jump 1% after two days of heavy losses By Business Day On 12 October 2018 · Leave a Comment Graeme K?rner from K?rner Perspective and independent analyst Frans de Klerk spoke to Business Day TV about their picks of the day   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Glencore optimistic about its prospects after Zuma presidency

Form here By  Lloyd Gedye When Swiss commodities giant Glencore announced its interim results in June, it made it known that it has plans to expand in a post-Zuma South Africa. The fact that Glencore's former business partner, Cyril Ramaphosa, is now president would have likely played a role in that decision. Ramaphosa was selected by Glencore to be its BEE partner in Shanduka Coal in 2005, and again for Glencore's South African-based company Optimum Coal in 2012.

Tiger Brands reopens factories that were sources of listeriosis outbreaks

Tiger Brands has reopened its Germiston factory‚ which was closed in March along with a Polokwane factory and an abattoir in Clayville after they were found to be the sources of deadly listeria bacteria. "After rigorous assessments of the factory were completed‚ the Ekurhuleni department of health issued a certificate of acceptability to the company for the Germiston processing facility‚" Tiger Brands said on Friday morning. Its Polokwane factory received a certificate of acceptability from the Capricorn municipality on September 12‚ allowing it to resume canning Enterprise-branded meat products.

Tiger Brands reopens meat processing plant after listeriosis outbreak

Tiger Brands is re-opening a meat products processing facility that was closed following a major listeriosis outbreak , it said in a statement on Friday. The listeriosis outbreak in South Africa was first noted in October last year, when the NICD discovered an increase in listeria throughout South Africa, with more than 365 documented cases. In a statement issued on Friday, Tiger Brands said rigorous assessments of the factory had been completed, and the Ekurhuleni Department of Health issued a Certificate of Acceptability to the Company for the Germiston processing facility.

Tiger Brands reopens Germiston polony factory

Tiger Brands has reopened its Germiston factory‚ which was closed in March along with a Polokwane factory and an abattoir in Clayville after they were found to be the sources of deadly listeria bacteria. "After rigorous assessments of the factory were completed‚ the Ekurhuleni department of health issued a certificate of acceptability to the company for the Germiston processing facility‚" Tiger Brands said on Friday morning. Its Polokwane factory received a certificate of acceptability from the Capricorn municipality on September 12‚ allowing it to resume canning Enterprise-branded meat products.

Tiger Brands reopens Germiston polony factory

Tiger Brands has reopened its Germiston factory‚ which was closed in March along with a Polokwane factory and an abattoir in Clayville after they were found to be the sources of deadly listeria bacteria. "After rigorous assessments of the factory were completed‚ the Ekurhuleni department of health issued a certificate of acceptability to the company for the Germiston processing facility‚" Tiger Brands said on Friday morning. Its Polokwane factory received a certificate of acceptability from the Capricorn municipality on September 12‚ allowing it to resume canning Enterprise-branded meat products.

S.Africa's Tiger Brands re-opens processing facility after listeria outbreak

Boxes of Jungle Oats, one of South Africa's Tiger Brands original products, sit on a shelf in a Cape Town convenience store JOHANNESBURG (Reuters) - Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. The health department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March resulting in a class action lawsuit filed against the company.(Reporting by Tanisha Heiberg; editing by Jason Neely) 2018-10-12 09.

Naspers second-biggest loser in emerging market selloff

Lego, Coke and other big brands are turning to crowdfunding for R&D Fin24.com | Rand on front foot as currency firms to under R14.50/$ By Business Day On 12 October 2018 · Leave a Comment Chinese stocks, including Tencent, have taken the biggest hit, but Naspers has suffered more   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Tiger Brands reopens Germiston polony factory

After 'rigorous assessments' the factory has been given the all-clear to resume production after it was closed during the listeriosis crisis.  Tiger Brands has reopened its Germiston factory which was closed in March along with a Polokwane factory and an abattoir in Clayville after they were found to be the sources of deadly listeria bacteria. "After rigorous assessments of the factory were completed, the Ekurhuleni department of health issued a certificate of acceptability to the company for the Germiston processing facility," Tiger Brands said.

Tiger Brands reopens processing facility after listeria outbreak

Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. The health department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March resulting in a class action lawsuit filed against the company. To watch Creamer Media's latest video reports, click here.

Tiger Brands re-opens processing facility

Following its closure in March after being implicated in the listeria outbreak. Read the full article here. This content was originally published by Moneyweb.

Tiger Brands re-opens processing facility after listeria outbreak

Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. The health department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March. The incident prompted the company to suspend production at its Polokwane and Germiston facilities which produce polony and other cold meats and resulted in a class action lawsuit filed against the company.

Naspers shares take a pounding

JOHANNESBURG - The shares of local tech, media and entertainment group Naspers fell 6.47 percent yesterday, continuing to take a beating from its 31 percent holding in Chinese internet giant Tencent Holding, and dragging the local bourse lower. Naspers, with the fifth spot on the JSE, fell for the fifth day running, losing 7 percent of value this week.

UPDATE 1-S.Africa's Tiger Brands re-opens processing facility after listeria outbreak

(Adds detail, background, shares) JOHANNESBURG, Oct 12 (Reuters) - Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. The health department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March. The incident prompted the company to suspend production at its Polokwane and Germiston facilities which produce polony and other cold meats and resulted in a class action lawsuit filed against the company.

Tiger Brands re-opens processing facility after listeria outbreak

Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. | JOHANNESBURG - Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people.The Health Department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March resulting in a class action lawsuit filed against the company.

Tiger Brands to re-open Germiston processing facility

Packaged goods company Tiger Brands said on Friday it would re-open its Germiston Value Added Meat Products (VAMP) processing facility after it was issued a certificate of acceptability by the Ekurhuleni health department following rigorous assessments of the factory. Tiger Bands recalled processed meat products and suspended operations at several of its VAMP facilities earlier this year over a listeriosis outbreak. On Friday it said the certificate of acceptability issued to its Germiston plant endorsed the factory's standards and operating procedures for the safe production of food products.

Tiger Brands reopens Germiston polony factory

After 'rigorous assessments' the factory has been given the all-clear to resume production after it was closed during the listeriosis crisis Tiger Brands has reopened its Germiston factory which was closed in March along with a Polokwane factory and an abattoir in Clayville after they were found to be the sources of deadly listeria bacteria. "After rigorous assessments of the factory were completed, the Ekurhuleni department of health issued a certificate of acceptability to the company for the Germiston processing facility," Tiger Brands said on Friday morning. Its Polokwane factory received a certificate of acceptability from the Capricorn municipality on September 12, allowing it to resume canning Enterprise-branded meat products.

Tiger Brands re-opens processing facility

Following its closure in March after being implicated in the listeria outbreak. Tiger Brands said on Friday it had re-opened a facility that was closed after South The health department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March resulting in a class action lawsuit filed against the company..

WATCH: Stock picks — Discovery and Remgro

Graeme K?rner from K?rner Perspective chose Discovery as his stock pick of the day, and independent analyst Frans de Klerk chose Remgro. K?rner said Discovery had made a nice comeback despite all the fear around China. He said the business model was really kicking into gear and the company had spent a lot of money on the bank.

S.Africa's Tiger Brands re-opens processing facility after listeria outbreak

JOHANNESBURG, Oct 12 (Reuters) - Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. The health department recalled processed meat products known as "polony" and closed some processing facilities after the source of the outbreak was traced to a factory owned by Tiger Brands unit Enterprise Foods in March resulting in a class action lawsuit filed against the company. (Reporting by Tanisha Heiberg; editing by Jason Neely).

Tiger Brands is back in business

Tiger Brands is "back in business" after it's Germiston plant was issued with a certificate of acceptability by the Health Department in Ekurhuleni. According to the company their facility went through a rigorous assessment. Tiger Brands had to recall all their processed meat products and suspend their operations at several of their Value Added Meat Product (VAMP) facilities, following the worst Listeriosis outbreak in World history.

THE MAMPOFUS TAKE ON THE SHOW BUSINESS BY ...

IT'S A FAMILY affair for the Mampofu siblings, who are planning on taking show business by storm. Actors Oros, Lunathi and Prince are climbing the ladder to the top and they are keeping it in the family. Speaking to Sun Buzz this week, the trio said they had formed their own company called The Mampfu's.

Business schools: the battle for relevance

Ideas highlighted at a recent US conference bode well for the relevance and impact of business education in the fourth industrial revolution Since McGill University professor Henry Mintzberg famously pointed out that MBA programmes were labouring under irrelevant curriculums and producing graduates well versed in theory but weak in practice, business schools around the world have been wrestling with the question of relevance. It's a discomfort that has intensified in the past decade in the wake of the financial crisis of 2008 and now, with the onset of the fourth industrial revolution that threatens to remake the world as we know it. At the heart of the debate is the question of what we, as business schools, teach.

The benefits of being a 'business fox' when scenario planning

If you've attended a talk by Clem Sunter, you'll know all about the importance of being more fox than hedgehog in business - here are the red flags to watch for as we approach 2019, in the hope of a once-again thriving economy and what your business needs to focus on to play its part. "I'm so pleased we're wearing aprons as this is so slurpy!" This might not be typical business dialogue, but these and similar exclamations were par for the course at the Cape Town version of Ads24's Food For Thought event... By Leigh Andrews 1 day ago Post ‘gastronomic adventure' at the Ads24 Food for thought summit, dialogue director Prof Nick Binedell introduced one of the day's key speakers, master scenario planner Clem Sunter.

BIG NAMES TO TALK BIG DATA AT BUSINESS OF WINE & FOOD CONFERENCE

If we don't know what we don't know, how can we tap into the true potential of South Africa's wine and food tourism, argues tourism maven Mari Biggs. The convener of this year's The Business of Wine & Food Tourism Conference has lined up several high-profile international and local speakers, some of whom will discuss the role of big data as part of the event's wider theme of innovation. The conference takes place on 17 October at Spier near Stellenbosch.

Danske Bank has started to close parts of Estonia business - spokesman

COPENHAGEN, Oct 12 (Reuters) - Danske Bank is in the process of closing down its local customer business in Estonia, which has been at the centre of an investigation into alleged money laundering, a spokesman for the bank told Reuters on Friday."We're writing to both private and corporate customers that we have to close down their products and services," the spokesman said.Danske said in April it would close its local customer business in Estonia.

4 Hot Township Business Ideas and Opportunities

This article forms part of  SME South Africa's Township Entrepreneurship series . In the month of October we will explore the complexities, challenges and success stories of the township entrepreneurship ecosystem. South Africa's townships have always been a hive for entrepreneurial activity, however the over-saturation of certain sectors has affected the chances of their success.

Start-ups & innovators pitch their business ideas at Youth Connect Africa Summit

This year's Youth Connect Africa Summit under the theme Connecting youth for continental transformation gave a platform for start-ups and innovators to pitch their business ideas in front of a crowd and potential investors in a session dubbed ‘Face the gorillas'. CNBC Africa filed this report. https://www.

Two appear in court for business burglary

Media Statement from KwaZulu Natal Media Centre Corporate Communication and Liaison South African Police Service Two suspects aged 30 and 40 are due to appear today in the Nkandla Magistrate's Court facing a burglary charge. They were arrested on Tuesday night this week after an intensive investigation by Nkandla detectives. Some of cash which was taken during burglary on the business premises was recovered from the suspects.

Challenges that come with owning a business

As the world observed Mental Health Day this week, the international community reflected on how much more needs to be done to create awareness. According to the World Health Organisation, depression affects people of all ages, from all walks of life, in all countries. 27 year old entrepreneur and owner of famous sock brand, Skinny Sbu Socks-Sibusiso Ngwenya, knows all about going through a rough patch and feeling despondent as trying to run a viable business proved to come with ups and downs.

Industry Events: African Real Estate & Infrastructure Summit 2018, Sub Saharan Power Summit 2018 and Cement Business & Indus

Event: African Real Estate & Infrastructure Summit 2018 Date: 11 to 12 October 2018 Event location: Sandton Convention Centre, Johannesburg, South Africa Event Description: African Real Estate & Infrastructure Summit which showcases a collection of Africa's top real estate and infrastructure projects. This exclusive, high-level two day exhibition and interactive conference is attended by over 300 property professionals, developers, investors, city and municipal planners and offers a platform to explore the future of urban development in African cities. Contact Details : E-mail: meagan.

Adidas CEO explains why he doesn't worry about Kanye West being bad for business

Kanye West and US president Donald Trump in the White House on Thursday. (Getty) Kanye West is an important collaborator for Adidas, as he designs and develops his Yeezy line with the athletic wear company. He's also outspoken and has many opinions on culture, philosophy, and US President Donald Trump.

Research studies launched on small and medium business growth

- 09:13 South African SMEs (small and medium enterprises) are estimated to represent 90% of formal businesses, provide employment to about 60% of the labour force and contribute approximately 34% of the country's GDP. In an effort to further grow this sector and boost a struggling economy, leading global financial services firm, J.P.

How to start and grow your own business with funds you find yourself

More on KFM Ray White interviews Yiedi CEO Jayshree Naidoo about the special challenges female entrepreneurs face and how to prepare for them. 92 days ago ‘Americans are brilliant at consumerism! Brilliant!' (lessons from the US of A) Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature..

Kenyan shilling firms amid excess liquidity in money markets

NAIROBI, Oct 12 (Reuters) - The Kenyan shilling firmed against the dollar on Friday supported by diaspora remittances and slow importer demand countering excess liquidity in local money markets, traders said. At 0912 GMT, commercial banks quoted the shilling at 100.70/90 per dollar, compared with 100.

China shrugs off weak markets with $3 bln dollar bond sale

* Third time China sells dollar bonds in 14 years* Drew $13.2 billion in final orders* Comes against backdrop of trade war with United States (Adds banker comment)By Julia FiorettiHONG KONG, Oct 12 (Reuters) - China has sold $3 billion of sovereign dollar bonds, its third such sale in the last 14 years and the first one with a 30-year tranche, drawing healthy investor demand against a backdrop of global market turmoil and a trade war with the United States.China sold $1.

the dti to Lead Agro-Processing Companies on Mission to Explore New Markets at Paris Trade Fair

The Department of Trade and Industry ( the dti ) will lead a delegation of 38 agro-processing companies on a mission to explore new markets at the 27th edition of the Salon International de l'alimentation (SIAL) International Food Exhibition, that will be taking place in Paris, France from 21-25 October 2018. SIAL is the world's largest food products exhibition to be held this year. It is the global showcase for the food industry with unrivalled geographic coverage of Europe and the rest of the world which specialises in the food processing industry.

Naspers second-biggest loser in emerging market selloff

Chinese stocks, including Tencent, have taken the biggest hit, but Naspers has suffered more London — A selloff in global stocks tore like a wrecking ball through emerging equities on Thursday with the key index flirting with its biggest daily tumble since the surprise Brexit vote stunned markets in June 2016. The recent selloff in emerging markets has been driven by a relatively narrow group of stocks, wrote Richard Turnill, global chief investment strategist at BlackRock, the world's biggest asset manager. "The 10 bottom performers in the MSCI EM Index (are) accounting for nearly 40% of the hit," Turnill wrote in a note to clients.

Family business' entrepreneurial spirit trumps tough times

: The current economic landscape is having a detrimental effect on both consumer and business confidence, however, PWC's Family Business Survey: New vines from strong roots 2016/2017 reveals that South Africa's family business sector is set for quick and aggressive growth over the next five years. This is according to Anton Roelofse, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS), who says that the report reveals that whilst other businesses are struggling to create revenue, around 78 percent of South African family businesses reported growth during 2017, and 62 percent are expecting to grow steadily over the next five years. "These growing businesses are essential to bolster the struggling economy, so if a person finds themselves in a position to take over a family business, this may be a great opportunity for them to consider.

Creating Your Own Successful Bitcoin Business-Part 44

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Creating Your Own Successful Bitcoin Business-Part 44

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Arcserve unveils business continuity cloud

Arcserve Southern Africa has lauched Arcserve Business Continuity Cloud, to restore access to critical data, systems and applications across complex, multi-generational IT infrastructures ranging from non-x86 and x86, to software as a service (SaaS) and infrastructure as a service (IaaS). According to new data being released by Arcserve, 64% of global IT decision-makers agree that protecting business-critical data has not become easier over the past five years, despite efforts to adopt solutions to simplify and reduce costs. Further, as backup infrastructures are increasingly becoming more costly and complex, the tolerance for data loss is diminishing.

Developing A Business Model That Works

Use these six tips to create the financial section of a business plan that will get your company off the ground. The following excerpt is from Scott Duffy's book Breakthrough. What's the first step in figuring out how to execute your big idea? Creating a working model for your business.

Tencent Music delays $2 bln U.S. IPO due to weak markets - sources

By Julie Zhu and Julia FiorettiHONG KONG, Oct 12 (Reuters) - Tencent Music Entertainment has delayed its planned U.S. initial public offering (IPO) until at least November as the owner of China's most popular music apps prefers to wait for global stock markets to stabilise, three sources said.

Why global markets are collapsing right now, and who you should blame for it

Markets are falling all over the world, but this should not come as a surprise. A major correction in the asset markets has been building for a while. There have been 10 years of economic growth since the great financial crisis of 2008 and a bull market in stocks of pretty much the same length.

Gain the right insights into your modern business

Data makes the world go round. We see it in every industry, and businesses around the world including South Africa are realising the value their data holds to make timely decisions and adapt to market changes. To leverage the advantages data offers, SMEs need insight into their operations and the data that flows in and out.

Stock losses muted in Asia after global rout

It has been a rough couple of days in the market. BUSINESS NEWS - Some Asian stock markets opened in the red Friday, but losses were relatively muted as traders took a breather after a global rout sparked by fears over higher US interest rates. Japan's main Nikkei-225 index began the day more than one percent lower but bounced back in the first hour of trade.

Fin24.com | Jooste, Steinhoff knowingly paid us in ‘fool's gold', says ex-Tekkie Town CEO in court papers

Sanlam seals $1bn deal for Morocco's SAHAM Outside the Box: 7 things early retirees can do when the stock market turns on them Fin24.com | Jooste, Steinhoff knowingly paid us in ‘fool's gold', says ex-Tekkie Town CEO in court papers By fin24.com On 12 October 2018 · Leave a Comment Steinhoff created STAR to insulate valueable assets against the subsequent Steinhoff collapse, claims a former Tekkie Town executive.

Members look for value, sustainability and choice in their medical scheme

Josua Joubert, principal officer of CompCare Wellness Medical Scheme Diverse, innovative benefit design strikes a chord with corporates and individuals "Value, sustainability and choice are among the most important attributes companies and individuals look for when choosing a medical scheme," says Josua Joubert, principal officer of CompCare Wellness Medical Scheme. "Companies have employees with differing needs and if everyone within the company can find the perfect product option to fit their lifestyle, needs and pocket within a single medical scheme, it is not only ideal but also highly cost-effective." "We pride ourselves on a customer-centric approach and a value proposition that provides a blend of affordability, choice and benefit richness underpinned by a personalised approach.

ANC, EFF have failed black people

Mfesane Siboto Ngugi wa Thiong'o, in his novel , as well as other luminaries, narrate the socio-political African chronology and social sciences through novel reconstructions.  The permeating theme is as follows: Africa was colonised by the white Europeans. At a later stage, the African states won political independence from the western rulers.

South Africa to start 4G spectrum auction by April 2019

South Africa will hold a long-delayed auction of 4G mobile spectrum by April as the government seeks to extend high-speed internet to a greater portion of Africa's most industrialized economy, said Telecommunications Minister Siyabonga Cwele. The sale is likely to attract interest from wireless carriers including Vodacom Group Ltd and MTN Group Ltd, which have long bemoaned a lack of opportunities to expand services. An auction was delayed in previous years by a dispute between the government and the industry regulator over how to proceed.

Rand traders seem upbeat about Moody's rating review

Asian shares have set a positive tone for the JSE, while in company news, flooring group Accentuate is to report a much deeper loss Foreign exchange traders appeared confident Moody's will not cut SA's sovereign credit rating to junk on Friday, with the rand slightly stronger at R14.57/$ at 6.30am.

Stock losses muted in Asia after global rout

Japan's main Nikkei-225 index began the day more than one percent lower but bounced back in the first hour of trade. Chinese stocks, which have seen a ferocious sell-off in recent days, also opened with marginal losses, the benchmark Shanghai Composite shedding 0.36 percent.

Business minds meet at Edenview Business Forum

The Edenview Business Forum (EBF) was formally launched at Mercure Hotel, Bedfordview on October 3. Also read:  Edenview Business Forum to launch Four key partners came together to make the launch a success. They were Business Partners Ltd, Mercure Hotel, Shereno Printers and Eastgate.

Jooste, Steinhoff knowingly paid us in 'fool's gold', says ex-Tekkie Town CEO in court papers

Steinhoff created Steinhoff Africa Retail (STAR) - now called Pepkor - to insulate valuable assets against coming legal headwinds arising from the subsequent Steinhoff collapse. This is the most explosive claim made by former Tekkie Town CEO Bernard Mostert in an answering affidavit filed in the Western Cape High Court in Cape Town on Thursday. There is no rational basis for Pepkor to claim that the Steinhoff shares former shareholders in Tekkie Town received in exchange for their Tekkie Town shares, constituted "a handsome price", Mostert responded to in the restraint of trade application brought by Pepkor against him, Tekkie Town founder Braam van Huyssteen and four others.

Growing government control over resources sounds alarm bells

Resource nationalism takes various forms including higher royalties and taxes imposed on companies Alarm bells are sounding for the mining industry over growing government control of resources in Sub-Saharan Africa, as states try to cash in on higher commodity prices and secure votes ahead of elections. This phenomenon — dubbed resource nationalism — is unlike outright nationalisation seen in the 1960s and 1970s when governments took full control of mines. Instead it takes various forms, including higher royalties and taxes imposed by states on companies, and the introduction or increase of compulsory minimum quotas for ownership.

Johannesburg suburbs left full of rubbish as city bungles Avis contract

Pikitup drivers arrived to fetch vehicles and were told they could not use them The streets of Johannesburg, including in some of the richest suburbs of the economic heart of SA, were left with bins full of rubbish for almost a week after the city failed to renew a multimillion-rand contract with Avis SA, the vehicle-rental company in the Barloworld Group, on time. Mayor Herman Mashaba, who was elected as the DA's first mayor after the 2016 local government elections, having run on a ticket of improving governance, has placed an emphasis on cleaning up the city. This includes his monthly city-wide cleaning campaign in which residents are encouraged to join in.

Malaysia to abolish death penalty

Capital punishment is mandatory for murder and carried out by hanging Kuala Lumpur — Malaysia has decided to abolish the death penalty, a senior minister said Thursday, with more than 1,200 people on death row set to win a reprieve following a groundswell of opposition to capital punishment. Executions are mandatory for murder, kidnapping, possession of firearms and drug trafficking, among other crimes, and is carried out by hanging — a legacy of British colonial rule. Human Rights Watch hailed the "fabulous news", with its deputy director for Asia Phil Robertson saying the move would increase pressure on other countries in the region to follow suit.

Asia Markets: Stocks in Japan and China fall, but losses at least slow down

The Margin: Boston Dynamics' Atlas robot can now do parkour, so don't bother running away The New York Post: Turkish officials claim audio proves Saudis killed missing journalist By MarketWatch On 12 October 2018 · Leave a Comment An uncertain start for some Asian stock markets following Thursday's drubbing evolved into broad gains Friday as trading progressed — with the notable exceptions of Japan and China. Still, the region will post big weekly declines absent a huge move higher by the day's end.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Europe Markets: Italian stock index ends in bear market as Europe benchmarks mauled

The New York Post: Trump's ex-lawyer Michael Cohen now reportedly a Democrat By MarketWatch On 12 October 2018 · Leave a Comment European stocks got hammered on Wednesday, bringing vulnerable Italian markets to finish in a bear market as a Wall Street selloff continued to rattle investors around the globe.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

PRESS DIGEST- British Business - Oct 12

Oct 12 (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 Sir Martin Sorrell is closing in on another acquisition at his newly listed advertising venture, potentially placing further strain on his relationship with WPP.

Nafcoc angry at being ignored on small business input

The president of the National African Federated Chamber of Commerce and Industry (Nafcoc), Lawrence Mavundla, has criticised the small business proposals in President Cyril Ramaphosa's jobs summit framework, claiming they won't stimulate effective small business growth. Nafcoc, which claims to represent the majority of small businesses in the country, believes the government won't achieve immediate, large-scale job creation unless it eradicates "draconian" regulations that impede small business success and transforms the financial sector's approach to funding small enterprises. In his address at the opening of the jobs summit last week, Ramaphosa acknowledged the importance of small businesses in creating jobs.

Kingsmead confirmed as T20 League host venue

Durban - Cricket fever has started to grip KwaZulu-Natal fans of the game after Kingsmead was confirmed as one of the six host venues for the new T20 League competition. Kingsmead joins Bidvest Wanderers Stadium, SuperSport Park, St. George's Park, PPC Newlands and Eurolux Boland Park as the bases for the tournament, following an independent assessment by Nielsen Sport.

Court says Colombia votes cannot block mining, oil projects

(Adds confirmation of ruling, comment from miners)BOGOTA, Oct 11 (Reuters) - Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies.A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors, and forced some to alter investment plans, like AngloGold Ashanti which suspended a potential $2 billion project last year.The ruling on the suit brought by Mansarovar Energy Colombia, a joint venture between India's ONGC-Videsh and China's Sinopec, was backed 5 to 1 by magistrates, the court said.

UPDATE 1-Court says Colombia votes cannot block mining, oil projects

(Adds confirmation of ruling, comment from miners) BOGOTA, Oct 11 (Reuters) - Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors, and forced some to alter investment plans, like AngloGold Ashanti which suspended a potential $2 billion project last year. The ruling on the suit brought by Mansarovar Energy Colombia, a joint venture between India's ONGC-Videsh and China's Sinopec, was backed 5 to 1 by magistrates, the court said.

Momentum sets sights on transactional banking

Insurer eyes savings-led transactional banking capabilities integrated into rewards programme. Momentum is the latest insurance group to set its sights on transactional banking. The insurer is in the process of evaluating banks with which it can partner to gain access to a banking licence as it seeks to enhance its Multiply wellness and rewards offering.

Court says Colombia votes cannot block mining, oil projects -local media

BOGOTA, Oct 11 (Reuters) - Colombia's constitutional court has ruled that local referendums that ban mining and oil extraction cannot halt energy projects, local media reported on Thursday, after a raft of votes that spooked multinational companies.A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors and forced AngloGold Ashanti to suspended a potential $2 billion project last year.At least one municipality has said it will mount a pro-mining referendum to protect local companies and subsistence miners, while multinational miners have repeatedly called for clarity on whether the referendums, be they pro or anti-mining, are binding.

Yoox to launch data-driven private label

Yoox, the e-commerce platform dedicated to the sale of luxury and high-end fashion, is set to launch a private label in the next few days, according to an announcement made by Yoox Net-A-Porter (YNAP) CEO Federico Marchetti on 9th October during the Wired Smarter conference in London. Expanding its focus from its initial offering of luxury labels, particularly past collections, the Italian site is now making moves to become a brand creator in its own right.   Federico Marchetti at the Wired Smarter conference in London on October 9th - Wired Smarter Although the name of the upcoming label was not revealed by the company's founder and CEO, who has been leading the company's transition board since April, following the group's acquisition by Richemont, it was announced that the brand's collections will be partially conceived using data collected by YNAP over the years.

Court says Colombia votes cannot block mining, oil projects -local media

BOGOTA, Oct 11 (Reuters) - Colombia's constitutional court has ruled that local referendums that ban mining and oil extraction cannot halt energy projects, local media reported on Thursday, after a raft of votes that spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors and forced AngloGold Ashanti to suspended a potential $2 billion project last year. At least one municipality has said it will mount a pro-mining referendum to protect local companies and subsistence miners, while multinational miners have repeatedly called for clarity on whether the referendums, be they pro or anti-mining, are binding.

Ombud PA sits pretty in business class

A personal assistant at the troubled state-owned Community Schemes Ombudsman Services (CSOS) flew business class during a state-sponsored trip to Australia. CSOS staff allege Palesa Mabetha, for whom a R34?00 economy return ticket had been booked, was given a business class ticket hours before she and the rest of the group boarded their flights home. The new ticket, on Emirates Airways, cost an extra R67?000 and the CSOS's suspended acting chief ombud, Seeng Letele, used the parastatal's corporate card to pay for it.

UK fashion chain Coast goes out of business, Karen Millen buys some assets

Oct 11 (Reuters) - British clothing retailer Karen Millen has bought parts of the Coast fashion brand, which has gone into administration, PricewaterhouseCoopers (PwC) said on Thursday.Mike Denny, joint administrator and PwC director, said 24 Coast retail stores were not included in the sale to Karen Millen and would thus result in job cuts.PwC said Karen Millen has retained 600 jobs at Coast.

Donald Trump shouldn't blame the Fed if rising interest rates hurt his real estate business

The person who takes away the punch bowl at the party is never popular. Now that the US Federal Reserve is increasing interest rates, in an attempt to wean the economy from its decade-long recovery efforts and head off the possibility of inflation, it is getting its share of criticism. Much of it is from President Donald Trump, who said Fed President Jay Powell is "going loco.

Business Google to shutdown Google+ after it failed to disclose data leak

Global tech giant, Google has announced that it will be shutting down its Google+ social network after news emerged that data from almost 500,000 users were exposed through a bug that was in its system for 2 years. According to the Guardian UK, the company was reluctant to disclose to the general public that it had exposed user data, especially when it discovered this around the same time Facebook and its CEO Mark Zuckerberg were facing severe backlash for harvesting facebook users data for political consulting firm Cambridge Analytica. The tech company feared a regulatory audit of its activities, the sort that made Mark Zuckerberg appear before the US Congress a few months back.

G20 talks trade, global markets plummet, RIP American cheese

Fin24.com | ‘There is beauty in SA's economic crisis' - Ralph Mathekga Thrillist writers win $50,000 annual salary in victory for union By Quartz On 11 October 2018 · Leave a Comment Example Brief Card content from today's brief: https://qz.com/emails/daily-brief/1420402/   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Equites distinguished logistics portfolio continues to impress

Equites Property Fund has announce a growth of 11.7% in its distribution per share for the six months ended on the 31st of August 2018 to 68.12 cents as well as a growth of 49% in the fair value of its property portfolio over the corresponding period in August 2017, from R6.

Isn't it time to legalise assisted suicide?

It was with sadness that I read that Professor Sean Davison, the founder of the right-to-die organisation Dignity SA, who recently appeared in court, was charged with premeditated murder and released on bail of R20 000. He is accused of assisting in the suicide of his friend, Dr Anrich Burger, who was left quadriplegic after a car crash. As we know, (medically) assisted suicide is illegal in South Africa.

Kingsmead confirmed as T20 League host venue

Durban - Cricket fever has started to grip KwaZulu-Natal fans of the game after Kingsmead was confirmed as one of the six host venues for the new T20 League competition. Kingsmead joins Bidvest Wanderers Stadium, SuperSport Park, St. George's Park, PPC Newlands and Eurolux Boland Park as the bases for the tournament, following an independent assessment by Nielsen Sport.

Deepening bear market sees $1tr wiped off emerging equities since 2018 peak

Selloff driven by ‘narrow group of stocks'. A selloff in global stocks tore like a wrecking ball through emerging equities on Thursday with the key index flirting with its biggest daily tumble since the surprise Brexit vote stunned markets in June 2016. A toxic cocktail of rising US Treasury yields and a strong dollar; tighter funding costs and slowing domestic growth; an escalating Sino-US trade war and rising oil prices have roiled emerging markets in recent weeks, sending MSCI's emerging market index down more than 25% from January's peak.

Rand buoyed by US inflation miss, stocks fall to 15-month low

Rand reverses slide as bulls bet on Moody's reprieve, stocks hit by Wall Street rout. South Africa's currency firmed on Thursday, trading back at a one-week best as weak inflation numbers from the United States compounded a sharp Wall Street rout, re-igniting rand bulls ahead of Moody's rating decision. Stocks plunged to levels last seen in July 2017 amid a global market sell-off but losses were soothed by market heavyweight Naspers.

Kingsmead confirmed as T20 League host venue8m ago | SPORT

Durban - Cricket fever has started to grip KwaZulu-Natal fans of the game after Kingsmead was confirmed as one of the six host venues for the new T20 League competition. Kingsmead joins Bidvest Wanderers Stadium, SuperSport Park, St. George's Park, PPC Newlands and Eurolux Boland Park as the bases for the tournament, following an independent assessment by Nielsen Sport.

Fin24.com | South Africa to start 4G spectrum auction by April 2019, says Cwele

The Fed: Trump calls Fed ‘too cute' in third straight day of criticism Stem cells and gene editing used to make mice with two mothers By fin24.com On 11 October 2018 · Leave a Comment The sale is likely to attract interest from wireless carriers including Vodacom Group and MTN Group, which have long bemoaned a lack of opportunities to expand services.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Top brewers raided by Indian watchdog in price-fixing probe -sources

* United Breweries, AB Inbev and Carlsberg under investigation* Competition Commission of India was acting on tip-off -source* CCI found "smoking gun evidence" -government sourceBy Aditya Kalra, Aditi Shah and Abhirup RoyMUMBAI, Oct 11 (Reuters) - India's antitrust watchdog raided the offices of three top beer companies on Thursday as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters.Search and seizure operations were conducted at dawn by the Competition Commission of India (CCI) at the offices of India's United Breweries, Denmark's Carlsberg and the world's largest brewer Anheuser-Busch InBev (AB InBev) in at least two Indian cities, said the three people, including one government source and an industry source.The regulator has been conducting an antitrust investigation of the three companies for the past year, said a fourth source with direct knowledge of the inquiries.

South Africa to start 4G spectrum auction by April 2019, says Cwele

South Africa will hold a long-delayed auction of 4G mobile spectrum by April as the government seeks to extend high-speed internet to a greater portion of Africa's most industrialized economy, said Telecommunications Minister Siyabonga Cwele. The sale is likely to attract interest from wireless carriers including Vodacom Group [ JSE:VOD ] and MTN Group [ JSE:MTN ], which have long bemoaned a lack of opportunities to expand services. An auction was delayed in previous years by a dispute between the government and the industry regulator over how to proceed.

Grand Parade Investments chair vows to ward off 'hostile takeover'

Dr Hassen Adams, executive chair of empowerment JSE-listed company Grand Parade Investments (GPI) [ JSE:GPL ] is determined to ward off what he calls an attempted hostile takeover by some minority shareholders. GPI holds the master franchise for Burger King in SA and has investments in, among others, the GrandWest casino property, Sun Slots gaming, Spur and Baskin-Robbins. In a SENS announcement in September shareholders were notified of an extraordinary general meeting (EGM) to be held at the end of October 2018.

How to start and grow your own business with funds you find yourself

Most businesses are self-funded, and remains so throughout their existence, says Aurik Business Accelerator founder Pavlo Phitidis. Phitidis has seen many of them grow from start-up phase all the way into business with turnovers of up to R80 million. The Money Show's Bruce Whitfield asked Phitidis to explain how to self-fund a business.

How to start and grow your own business with funds you find yourself

pexels.com (2018) Most businesses are self-funded, and remains so throughout their existence, says Aurik Business Accelerator founder Pavlo Phitidis. Phitidis has seen many of them grow from start-up phase all the way into business with turnovers of up to R80 million.

Steinhoff's shares plunge after global rout, report on retailer's ex-CEO

Steinhoff 's shares fell more than 9% on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer's former CEO advised friends to sell the firm's stock days before the shares collapsed. Traders said the retailer's losses were exacerbated by a Wall Street rout that sparked a global sell-off. Steinhoff's shares fell as much as 9.

Now may be a good time to invest in Naspers

Naspers has lost more than a third of its value this year, but is offering significant value at these levels. This is according to Nick Crail, fund manager at Ashburton Invesments, who said that the correction in Naspers share price is largely correlated to the fall in Tencent share price, as Naspers holds 31% of the shares in Tencent. "We continue to expect the Tencent share price to be the primary driver of the Naspers share price in the short to medium term.

Arcserve Unveils Business Continuity Cloud

The market's only cloud-born solution to safeguard complex IT infrastructures amid growing data protection concerns. Arcserve Southern Africa has Arcserve, LLC, the world's most experienced data protection provider, has announced the unveiling of Arcserve Business Continuity Cloud. This is the first fully-integrated, cloud-born solution to prevent the impact of unplanned downtime by immediately restoring access to critical data, systems and applications across complex, multi-generational IT infrastructures ranging from non-x86 and x86, to software as a service (SaaS) and infrastructure as a service (IaaS).

INX International Expands Business In South America With New Facility

The 2230sqm (24,000 sq foot) facility is INX International's first complex in South America since acquiring Creative Inx in December 2016. The company will use the new Itatiba, Brazil, plant to produce two-piece metal decorating inks. Guilherme Ribeiro, Financial and Administration Director for Creative INX said, ‘We are very proud to start our new operation in South America.

U.S. business group says Trump China tariffs cost $1.4 bln/month

By Ginger GibsonWASHINGTON, Oct 11 (Reuters) - A coalition of U.S. business groups fighting President Donald Trump's trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.

Business This Egyptian smartphone company is making plans to launch in Africa

Silicon Industries Corporation (SICO), an Egyptian company that manufactures mobile phones and tablets has declared plans to expand into the African market by 2019, thereby increasing its export. SICO manufactures different varieties of 3G/4G mobile phones and smartphones some of which are Nile X, Diamond 2, and SICO mini. The Sales Director, SICO, Mahmoud said the company already exports its products to the gulf and aims to start selling its phones in Kenya, Morocco, The Democratic Republic of Congo, South Africa, Nigeria, Mozambique and Ghana.

Eliminating Human Error In Industrial Manufacturing And Retail

In the South African industrial manufacturing and retail industries, businesses are faced with economic pressure and constantly increasing demand. This requires constant innovation and the application of best practice, especially in the effective management of warehouses, finance, planning, production and supply chain processes. While these processes are often managed by dedicated staff, the propensity for human error leads to monumentally damaging operational inefficiencies - and the larger the business, the greater the damage.

Global risk-off trade pummels JSE lower

All share closes weaker for eighth session running in a jittery market The JSE all share closed in the red for the eighth session running on Thursday as indications that the global equity rout might be contained fizzled out in late trade. The Dow opened firmer, but soon turned weaker again with the global sell-off gathering renewed pace. The latest market jitters relate to concern in the US that companies are already struggling with higher input costs following the eight US Federal Reserve interest-rate hikes since 2015.

JSE falls as global stock rout continues

The local bourse closed weaker on Thursday as global equity markets remained in a significant downtrend. Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday's trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.

Tbo Touch delivering happiness to Diepsloot

Tbo Touch - whose real name is Thabo Molefe - has partnered with fashion lifestyle retailer The Foschini Group (TFG) in this year's Delivering Happiness to Diepsloot event. TFG will be donating 13000 blankets and meal packs to a school in Diepsloot. Speaking to The Star yesterday, the businessman, who has been running the project over the past years with Steyn City, said: "Sometimes we should mobilise the brands to come and assist communities.

South African government will hold 4G spectrum auction by April 2019

South Africa will hold a long-delayed auction of 4G mobile spectrum by April as the government seeks to extend high-speed internet to a greater portion of Africa's most industrialized economy, said Telecommunications Minister Siyabonga Cwele. The sale is likely to attract interest from wireless carriers including Vodacom Group Ltd. and MTN Group Ltd.

CSA announces host venues for T20 League

This was carried out by Nielsen Sport who are acknowledged experts in this particular field of expertise. | CAPE TOWN - Cricket South Africa (CSA) on Thursday announced the selected venues to host the six T20 League teams following the successful completion of the independent assessment process. This was carried out by Nielsen Sport who are acknowledged experts in this particular field of expertise.

Blue Label Telecoms Execs Gave The Stock A R3 Million Vote…

Blue Label Telecoms. Image source: Blue Label Annual report Blue Label Telecoms' chairman Larry Nestadt and independent non-executive director Joe Mthimunye together bought more than R3 million worth of shares on Thursday afternoon, after the stock has dropped more than 63.7 % year-to-date.

UPDATE 1-S. Africa rand buoyed by US inflation miss, stocks fall to 15-month low

* Rand reverses slide as bulls bet on Moody's reprieve * Stocks hit by Wall Street rout * Naspers, gold stocks firmer limit losses (Adds latest prices) JOHANNESBURG, Oct 11 (Reuters) - South Africa's currency firmed on Thursday, trading back at a one-week best as weak inflation numbers from the United States compounded a sharp Wall Street rout, re-igniting rand bulls ahead of Moody's rating decision. Stocks plunged to levels last seen in July 2017 amid a global market sell-off but losses were soothed by market heavyweight Naspers. At 1530 GMT the rand was 0.

Hugo Boss selects Bullring for second Hugo store in the UK

Hugo Boss is to open a second UK location for its new Hugo brand in Birmingham this autumn, following a first opening in Westfield London in August. Hugo The 130-square-metre store will be located in the Bullring shopping centre, which houses several premium brands including Coach, Hobbs, Karen Millen, Michael Kors and Tommy Hilfiger. There is also a Hugo Boss store selling the brand's core fashion collection.

WATCH: Woman uses child to steal cellphone from shopper's handbag

Video footage of a woman appearing to use a young child to steal a phone from an elderly woman's handbag has been widely circulated on social media. The incident happened at the Vincent SuperSpar in East London. It is unclear when exactly it occurred.

LIMITED ROOM TO MANOEUVRE AS MBOWENI FACES MAMMOTH TASK TO REVIVE SA ECONOMY

Nine years after leaving his post as governor of the South African Reserve Bank, Tito Mboweni is has been appointed as the nation's finance minister and faces the unenviable task of reviving an economy that's mired in recession. He'll have limited room to maneuver. With government debt at already dangerously high levels and the country at risk of losing its sole remaining investment-grade credit rating from Moody's Investors Service, Mboweni will have little option but to stick to the National Treasury's expenditure ceilings and deficit-reduction targets.

Equites reports solid growth in H1 distributions a share, strategic acquisitions

Despite a challenging economic climate, JSE-listed real estate investment trust Equites Property Fund's portfolio continued to perform well during the six months ended August 31, which translated into an 11.7% year-on-year growth in distributions a share. Distributions a share for the period amounted to 68.

Creating Your Own Successful Bitcoin Business-Part 42

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Business Here's why the Nigerian Stock Exchange's planned e-IPO platform is important

The President of the Nigerian Stock Exchange (NSE) has said The NSE had With the spate of technology and the high level of digitization in major industries across the world, the NSE is also striving to join leading stock exchange markets using the e-IPO. Earlier this year, Mary Uduk, the acting Director General of the NSE announced plans to introduce an e-IPO in the capital market, but a few months later the project went silent. During a press briefing in July, Uduk told the press that a committee on the full automation of the primary issuance process has been set up in order to fast-track the digitization process in the Nigerian bourse.

Oil extends losses as the markets fall and US inventories climb

Gauteng prisons require urgent maintenance after ‘unsatisfactory' rating As crime rate rises, South Africans are even less happy with police response By Business Day On 11 October 2018 · Leave a Comment Brent and US crude drop by more than $1 a barrel as Hurricane Michael dodges US production sites   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

CSA announces host venues for T20 League

The selected venues are (in no order of significance): Bidvest Wanderers Stadium, SuperSport Park, Kingsmead, St. George's Park, PPC Newlands and Eurolux Boland Park. "The key mandate given to all our Members in applying to be a host venue was the primary goal of luring new and traditional fans, other sports fans and the wider general public to our stadia," commented CSA Chief Executive Thabang Moroe.

Erris appoints investment banker as CEO

Europe-focused explorer Erris Resources has appointed investment banker Anton du Plessis as CEO, succeeding Merlin Marr-Johnson, who on Thursday resigned as director and elected to step down. Erris, which has a portfolio of zinc and base metals projects in Ireland and gold projects in Sweden, said that Marr-Johnson would pursue other business interests. New CEO Du Plessis has more than 20 years' experience in the finance sector.

UN Women's global HeforShe initiative to drive gender equality

Gender equality is a fundamental human right but remains a distant dream for many women worldwide. The "Achieving gender equity is a moral duty, a business imperative, and just plain common sense. Women embody half the world's talent, skill and energy - and more than half of its purchasing power.

Hawks, NPA quick on VBS, but ‘dragging feet' on Steinhoff - De Vos

Constitutional expert Pierre de Vos has questioned the Hawks and National Prosecuting Authority's capability to investigate cases. De Vos in a tweet mentioned how the Hawks and NPA were quick to react to the VBS fraud investigation. He later questioned why it was taking the two entities so long to build a case against Steinhoff.

It's time to start rebuilding the criminal justice system

Over the past fortnight, it has seemed as though the pendulum within the criminal justice system has begun to swing back.  The damage wrought over the past half a decade through a deliberate and malicious campaign to eviscerate state law enforcement agencies left the police service (SAPS), Directorate for Priority Crime Investigation (Hawks), National Prosecuting Authority (NPA), South African Revenue Service (SARS), Independent Police Investigative Directorate (IPID) and the State Security Agency (SSA) depleted and crippled as they battled to tackle organised and complex commercial crimes.  More than that, political agendas and infighting resulted in good, capable civil servants fighting for their careers, reputations and bank balances.

Retailer trials plastic bag free store in the Western Cape

In honour of National Marine Week Woolworths has announced its intentions to turn one of its Western Cape stores into a plastic bag free zone. The initiative forms part of the retailer's new in-store reusable bag trial. The trial, which will start on 5 th November 217, will see Woolworths making entry level, reusable shopping bags available in four stores across the Western Cape including the V&A Waterfront, Palmyra, Pinelands and Steenberg.

Jooste Advised Friends to Sell Before Steinhoff Shares Collapse

JOHANNESBURG - Steinhoff's shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer's former CEO advised friends to sell the firm's stock days before the shares collapsed. Steinhoff's former Chief Executive Markus Jooste appears in parliament to face a panel investigating an accounting scandal that rocked the retailer in Cape Town, South Africa, September 5, 2018. REUTERS/Mike Hutchings Traders said the retailer's losses were exacerbated by a Wall Street rout that sparked a global sell-off.

New fund invests R2bn into Joburg inner-city redevelopment

Divercity Urban Property Fund has committed R2bn to the redevelopment of Johannesburg's inner-city precincts, starting with the iconic Absa Towers Main building and Jewel City. L-R: Wouter de Vos, CEO, Atterbury Property Fund; Rian Reyneke, CEO, Ithemba; Tebogo Mogashoa, group chairman, Talis Property Fund; and Carel Kleynhans , executive director, Ithemba The investment fund aims to renew and re-energise the country's urban centres with its focus on inner-city precinct development that combines commercial buildings with affordable residential space to create inclusive and diverse neighbourhoods. Divercity's major shareholders and stakeholders are Atterbury and Ithemba Property, with Talis Property Fund playing a major part in the formation of the fund.

Malaysia to abolish death penalty

Malaysia's cabinet has agreed to abolish the death penalty, a senior minister said on Thursday, with more than 1 200 people on death row set to win a reprieve following a groundswell of opposition to capital punishment. Capital punishment is currently mandatory for murder, kidnapping, possession of firearms and drug trafficking, among other crimes, and is carried out by hanging - a legacy of British colonial rule. Communications and multimedia minister Gobind Singh Deo confirmed the cabinet had resolved to end the death penalty.

EDITOR'S LUNCHBOX: This is how Joburg is going to be made great … again

IMF chief defends rate hikes in veiled rebuke to Donald Trump By Business Day On 11 October 2018 · Leave a Comment Former KPMG partner Sipho Malaba received R34m from VBS Mutual Bank, and AB InBev's takeover of SAB Miller has not been that great for shareholders   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

More than 1,200 prisoners on death row get reprieve as Malaysia abolishes death penalty

Malaysia has decided to abolish the death penalty, a senior minister said on Thursday, with more than 1,200 people on death row set to win a reprieve following a groundswell of opposition to capital punishment. Capital punishment is currently mandatory for murder, kidnapping, possession of firearms and drug trafficking, among other crimes, and is carried out by hanging - a legacy of British colonial rule. Human Rights Watch hailed the "fabulous news", with its deputy director for Asia Phil Robertson saying the move would increase pressure on other countries in the region to follow suit.

Here's how South African salary increases are set to be hit over the next 12 months

The technical recession continues to loom large over South Africa's economic landscape and remains a talking point among CEOs, CFOs and HR directors. This is according to a new quarterly HR report published by PwC which notes that while profits are plunging, share prices continue to be under pressure and of course shareholders want a higher return on their investment. At the same time, employees are continuously faced with increases in living costs, while taking home less pay.

Hackers steal from China's Alipay clients with users' Apple IDs

The breach also affected users of Tencent's WeChat, with Apple declining to comment Beijing — Ant Financial's Alipay, the operator of one of China's top two mobile payment apps, have said hackers have taken an unknown amount of money from accounts using stolen Apple IDs and the issue remains unresolved despite reaching out to the US giant. Ant Financial is the payment affiliate of Alibaba Group Holding Ltd. Alipay said in a post on its Toutiao social media account on Wednesday that users who have linked their accounts using Apple IDs should lower transaction limits.

Why SA's Crisis Is In The Right Direction

Although South Africa is in a period of chaos, it is at least chaos in the right direction, financial journalist Bruce Whitfield said on Wednesday. He was speaking at a business breakfast hosted by Decision Makers in Cape Town, where he featured short video clips of some of the business people he had interviewed previously. Whitfield said he is happy that Tito Mboweni is back as minister of finance.

BACKSTORY: Glacier by Sanlam CEO Khanyi Nzukuma

If you could have dinner with any three people, alive or dead, who would they be? Nelson Mandela, Richard Branson and the Dalai Lama. What's your one top tip for doing a deal? For sustainability, the best deal is where everyone wins, not a winner-takes- all situation. What are you reading at the moment? I always have a number of books on the go, but the one that is grabbing my attention now is Start with Why by Simon Sinek.

ENTREPRENEUR: Sakhile Maseko's luxury watch business is one to watch

After his bursary fell through, Maseko found suppliers of smart watches not available in SA, and an investor, and is now in business Three years ago, Sakhile Maseko was forced to sell his guitar and smartphone to keep his dream of making it in Johannesburg afloat. Thanks to the R3,000 or so in seed money that he managed to cobble together, the Swazi national, who's now 21, runs a profitable business that employs 15 people and generates sales of close to R500,000 a month. In June, Maseko even sold a stake in his operation, called Aumax, to Silvertree Internet Holdings, whose brands include Faithful to Nature, Ucook, and PriceCheck.

Joburg CBD set for R2bn urban renewal injection

Absa Towers to be redeveloped. In one of the largest private sector led property developments in the Johannesburg CBD in decades, R2 billion will be invested in the makeover of the landmark 30-storey Absa Towers Main building and the nearby Jewel City new mixed-use urban renewal precinct, which spans six city blocks. Divercity Urban Property Fund, a new company that is eyeing a JSE listing and is backed by Atterbury, a heavyweight property developer and investor, launched its ambitious plans in the CBD yesterday.

Utter carnage on global markets - but these South African shares are rallying

(Getty) Stock markets around the world sell off sharply as fears about slowing economic growth and rising interest rates spook investors. The sell-off began on Wall Street on Wednesday with the Dow Jones witnessing its third largest one-day point drop in history. The bloodbath then spread to Asia with China's most significant mainland index, the Shanghai Composite, losing more than 5%.

Drought forces two-month closure of Leagold Brazil mine

Latin America-focused Leagold on Wednesday announced a two-month shutdown of its RDM mine, in Brazil, citing continued regional drought conditions. In 2017, the RDM mine was closed on August 11 and restarted, on an intermittent basis, in early November with the onset of the region's rainy season. This year, RDM remained operational until early October as the processing plant benefitted from the water dam and pipeline that became operational in the second quarter of 2017, but CEO Neil Woodyer said that insufficient water volumes were available to continue processing operations.

Tencent selloff tops $250bn with worst day since 2011

Tencent's downward spiral is accelerating at a dizzying pace. Asia's biggest stock fell as much as 7.5% in Hong Kong on Thursday, heading for its steepest slide in seven years, as traders fled technology shares around the world.

Malaysia to abolish death penalty

Capital punishment is currently mandatory for murder, kidnapping, possession of firearms and drug trafficking, among other crimes, and is carried out by hanging, a legacy of British colonial rule. | KUALA - Malaysia's cabinet has agreed to abolish the death penalty, a senior minister said Thursday, with more than 1,200 people on death row set to win a reprieve following a groundswell of opposition to capital punishment.Capital punishment is currently mandatory for murder, kidnapping, possession of firearms and drug trafficking, among other crimes, and is carried out by hanging, a legacy of British colonial rule.

EDITOR'S LUNCHBOX: This is how Joburg is going to be made great … again

Former KPMG partner Sipho Malaba received R34m from VBS Mutual Bank, and AB InBev's takeover of SAB Miller has not been that great for shareholders Stories of note Bytes from the digital world "We are going to make Johannesburg great again," says DA mayor and Donald Trump wannabe Herman Mashaba. Former KPMG partner Sipho Malaba, who approved the 2017 financial statements, received R34m from VBS. In my opinion Matters of debate A VBS general manager's story that he was ordered to deliver by helicopter R5m cash to "Dr Dan" in the hope the collapsed bank could get a R2bn lifeline from the Public Investment Corporation requires further scrutiny, writes Carol Paton.

JSE remains under pressure as investors avoid risk assets

EFF is mum on involvement of Floyd Shivambu's brother in VBS heist By Business Day On 11 October 2018 · Leave a Comment JSE rout continues as Naspers slumps and investors avoid risk assets   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Ads24 shares literal and figurative Food For Thought

"I don't know what it is, but I dipped a finger in it and it tastes good!" "Are you knee-deep in broth?" "I'm so pleased we're wearing aprons as this is so slurpy!" This might not be typical business dialogue, but these and similar exclamations were par for the course at the Cape Town version of Ads24's Food For Thought event held on Wednesday, 10 October 2018 at the Nasdak. Ads24 GM Ane Honiball, welcoming our guests at #Ads24FFT2018 pic.twitter.

A bad week for Christo Wiese

Christo Wiese, whose empire came crumbling down in December over accounting ‘irregularities' at Steinhoff, has been dealt another blow After his ninth win this year, at the Japanese Grand Prix, Lewis Hamilton is in pole position to clinch his fifth Formula One championship. The Mercedes driver has a commanding 67-point lead and could take the title if he wins in Austin, Texas, on October 21 and if his nearest rival, Sebastian Vettel, places lower than second. Hamilton has won five of the last six races held in Austin.

South Africa's listeriosis story - the plot thickens

Tiger Brands' processed meat factories, which were closed in March when the Polokwane plant was revealed to be the source of the outbreak, have been redesigned and are due to re-open this month, so those distinctive red Enterprise polony rolls will be back in supermarket fridges soon. Meanwhile, two Joburg based law firms - Richard Spoor Attorneys and LHL Attorneys - who represent the victims, are preparing to approach the Johannesburg High Court to have have the class action against the company certified. When that's done, they can move to Phase 2 - arguing for damages for the victims and their families: medical expenses, loss of earnings, loss of amenities of life in case of the brain damaged babies, and pain and suffering.

Transnet tests the world's longest train to help miners of manganese

The September test with 375 wagons in a 4km-long train proved the concept that TFR could haul manganese in this configuration Transnet Freight Rail (TFR)successfully tested the world's longest train with the intention of serving growing demand from SA's manganese miners for access to export markets for the key steel ingredient. SA has the world's largest manganese deposits and is a leading player in supplying the mineral to steel mills, but mining companies have long complained about limited rail capacity being the bottleneck on exports. Transnet was keen to address these concerns and exploit its existing infrastructure and rolling stock combined with enhanced technology to meet demands from the sector, Lloyd Tobias, TFR's chief operating officer.

WATCH: Stock picks — Zambezi Plat and Growthpoint

Gerbrand Smit from NeFG Fund Management chose Zambezi Platinum preference shares as his stock pick of the day and Wayne McCurrie from FNB Wealth and Investments chose Growthpoint Properties. Smit said the only risk with Zambezi is Northam, although it has a strong balance sheet. "With this stock you're earning prime plus 3% per annum.

ENTREPRENEUR: Sakhile Maseko's luxury watch business is one to watch

After his bursary fell through, Maseko found suppliers of smart watches not available in SA, and an investor, and is now in business Three years ago, Sakhile Maseko was forced to sell his guitar and smartphone to keep his dream of making it in Johannesburg afloat. Thanks to the R3,000 or so in seed money that he managed to cobble together, the Swazi national, who's now 21, runs a profitable business that employs 15 people and generates sales of close to R500,000 a month. In June, Maseko even sold a stake in his operation, called Aumax, to Silvertree Internet Holdings, whose brands include Faithful to Nature, Ucook, and PriceCheck.

FEATURE-'Resilient' refugees find freedom with Australian food business

LONDON, Oct 11 (Thomson Reuters Foundation) - Muhammad Nabaei learned grit the hard way. Forced to flee his native Iran when the government cracked down on massive protests in 2009, the 33-year-old flew to Indonesia, where he bought passage to Australia with a people smuggler. It was not until 2012 that he was recognised as a refugee after years in a detention centre and moved to Melbourne, where he spent three years trying to find work - finally landing a job with a food company that actively seeks out people like him.

Togo Business Angels Network launches

The Togo Business Angels Network (TBAN) has been launched, with the aim of creating an enabling environment to encourage and financially support young entrepreneurs in the country. TBAN is the newest addition to the growing number of localised angel investor networks operating Africa-wide, spurred on by the work of parent initiative the Africa Business Angels Network (ABAN). The new network has now launched in Togo with 78 members, as the country begins to experience an "awakening of entrepreneurship", says John Agbenou of TBAN.

Brace your business for the festive shopping season

2018 has been a year of great retail activity and by August we had reached a technical recession. A recession is two consecutive quarters of negative GDP growth and our most recent dance with this emotionally taxing indicator was in 2008. Ten years apart is a concern and understanding this recession will provide an indicator for Q3 and Q4 performance.

How Much Money Do You Really Need To Start Your Micro Business?

Fin24.com | Govt considering price ceiling for unleaded petrol Wanted Online: What to see, eat and drink at the Sanlam Handmade Contemporary Fair By Forbes Magazine On 11 October 2018 · Leave a Comment How much money do you really need to start a new micro business? Today, thriving small businesses are being started with very small amounts of money. Learn how much you need to make your idea a reality.

How To Avoid Start-Up Mistakes In Your Micro Business

Next Avenue: How to find friends—and love—later in life Quote: Theodore Isaac Rubin By Forbes Magazine On 11 October 2018 · Leave a Comment Every small business owner makes mistakes. Making them in the early days or years of your micro business can be avoided by learning from the experiences of other business owners.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Multi-cloud business models will shape the future

Architects of the future build optimal businesses. In an automated, security conscious world, organisations must rethink their cloud strategies, embed security into application development, and embrace new work practices to stay relevant. Now is the time to plan your journey.

Britain's WH Smith to shut six shops in revamp as high street business slips

* High street business down, travel trading profit climbs* RBC suggests WH Smith could demerge travel, high street* Shares fall more than 8 percent (Adds details, shares, analyst comments)By Noor Zainab HussainOct 11 (Reuters) - Shares in WH Smith fell more than 8 percent on Thursday after the books, newspaper and stationery retailer said it would close six high street stores and a franchisee initiative as part of a restructuring to cope with weaker consumer spending.The company said group pretax profit fell 4 percent to 134 million pounds ($177 million) in the year ending in August and high street trading profit fell 3 percent to 60 million pounds.Hargreaves Lansdown equity analyst George Salmon said WH Smith was still delivering underlying profit growth "but that performance masks the fact WH Smith's high street division is facing some pretty tough challenges.

Huawei redefines campuses, creates new business value

On the opening day of HUAWEI CONNECT 2018, Huawei released the Smart Campus Solution and redefined campuses from three perspectives: smart mode, operational mode, campus space, and business value. Huawei aims to build secure, comfortable, efficient, green, and smart campuses. At this global ICT industry event, Huawei discussed with industry vendors how to grasp future trends, seize opportunities, promote the digital transformation of campuses, and achieve new growth as new technologies are emerging.

Oil extends losses as the markets fall and US inventories climb

Brent and US crude drop by more than $1 a barrel as Hurricane Michael dodges US production sites London — Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing US crude inventories rising more than expected. Brent crude fell $1.74 a barrel to a low of $81.

Vietnam seeks to reduce reliance on Asian rice markets, raise exports to Africa, Americas

(Recasts lead; adds government comments)By Mai Nguyen and Khanh VuHANOI, Oct 11 (Reuters) - Vietnam is seeking to reduce its reliance on Asian rice markets while boosting the output of high-quality grain to better position itself in the global market, the government said on Thursday.The Southeast Asian country aims to reduce its rice shipments to Asian markets to 50 percent of its total exports by 2030, from the current of 60 percent, the government said in a statement.Vietnam is the world's third-largest rice exporter after India and Thailand, with key buyers including China, the Philippines and Indonesia.

Utter carnage on global markets - but these South African shares are rallying

(Getty) Stock markets around the world sell off sharply as fears about slowing economic growth and rising interest rates spook investors. The sell-off began on Wall Street on Wednesday with the Dow Jones witnessing its third largest one-day point drop in history. The bloodbath then spread to Asia with China's most significant mainland index, the Shanghai Composite, losing more than 5%.

Deep Dive: Here's a dividend-investment strategy designed to outperform in down markets

Ramaphosa treads ‘softly-softly' in power play Trump's tariffs take direct aim at Chinese stocks By MarketWatch On 11 October 2018 · Leave a Comment The Reality Shares DIVCON Leaders Dividend ETF screens for quality, based on the likelihood of large-cap companies raising payouts to shareholders.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Market Extra: What Trump's tirade against ‘loco' Fed means for the markets

Keeping the lights on: fixing Eskom is Cyril Ramaphosa's toughest job BMW to pay $4.1bn to raise stake in China car venture By MarketWatch On 11 October 2018 · Leave a Comment President Donald Trump's branding of the Federal Reserve's policy actions as "crazy" and "loco" following Wednesday's steep stock-market selloff seemed both shocking and inevitable. The question for investors is whether it will make any difference at the Fed.

EMERGING MARKETS-Emerging stocks hit 17-month lows after Wall St sell-off

* Chinese equity benchmark ends at near four-year lows * S&P 500 ends Wednesday 3.3 pct lower, hitting risk appetite By Aaron Saldanha and Sruthi Shankar Oct 11 (Reuters) - Emerging market stocks joined a slide in global equities on Thursday, falling to 17-months lows as worries about growth and the future of a long-running U.S.

Battered by stormy markets, G24 urges big economies to stop trade war

NUSA DUA, Indonesia, Oct 11 (Reuters) - Finance ministers for developing nations in the Group of 24 whose economies have been battered by stormy markets urged major economies on Thursday to reform the global trading system, rather than discard it.Emerging markets have suffered capital outflows, pressuring their currencies and pushing borrowing costs up as investors avoid risky assets due to intensifying U.S.

European stock markets slide around 1.5% at open

Europe's main stock markets slid by around 1.5% at the start of trading on Thursday following heavier falls across Asia and on Wall Street. London's benchmark FTSE 100 index slumped 1.

Anglo American MINING SKILLS Learnership Programme

Learner Artisan/Apprenticeship is open to applicants residing within the Venetia Mine labour sending areas (Musina Municipality and Blouberg Municipality DURATION OF THE PROGRAMME IS 6 MONTHS: 6 months (3 months theory and 3 months practical) at Sishen Mine  .

Naspers: Still a safe bet?

Print Email South African global technology and entertainment company Naspers, which has a heavy weighting on the JSE Top 40 index, has lost more than a third of its value this year. Is this because its fundamentals have changed for the worse? Well, not at all. There are a number of separate but conspiring factors that have caused this to happen.

Steinhoff insider trading bombshell: Markus Jooste tipped off his friends

EDINBURGH — Former Steinhoff CEO Markus Jooste stepped down as news emerged that German authorities were investigating financial irregularities. But first he tipped off a few friends that the Steinhoff stock price was about to come under pressure. This has been revealed by Bloomberg news agency, which has seen a mobile phone text message that Jooste sent to at least two people, warning them that bad news was about to spill out into the open.

Stephen van Coller on his plans for fixing up EOH, driving 4IR

In this interview, Stephen van Coller explains why he joined EOH, how he's dealing with challenges at the company and what his big plans are. This article is exclusive to Biznews Premium. Members please login  here.

Universal Coal issues bullish earnings, growth forecast amid takeover bid

By David McKay - October 10, 2018 Share on Facebook Tweet on Twitter SYDNEY-listed Universal Coal has delivered an upbeat assessment of its short-term prospects saying it would lift pre-tax earnings 29% to A$93m for the 2019 financial year and boost production 28% to just over six million tonnes a year (Mt/y). The forecast comes amid a takeover bid for the company by Ata Resources Proprietary which has submitted a scrip-based A$0.35 cents/share for the company.

Boardroom battle brewing at Grand Parade

Disgruntled investors have been lining up well-qualified candidates to possibly take over from long-serving directors. Disgruntled minority shareholders at Cape Town-based empowerment company Grand Parade Investments (GPI) are intent on beefing up lean returns by shaking up the board of directors. But GPI's long-serving directors seem affronted that their servings are so underappreciated.

Stephen van Coller, CEO, EOH

"I'm not good at going into a business that's doing well." EOH CEO, Stephen van Coller, talks to Classic Business Breakfast with Moneyweb about his journey and why he's spent most of career building, changing and cleaning up businesses. Content hosted by iono.

JSE's industrial sector goes rusty

It's becoming harder to find value in a sector that has taken a beating in recent times. But there are bright spots The JSE industrial sector is looking anything but attractive for investors right now. This is probably inevitable, given that it reflects an economy struggling to keep its head above water.

Naspers shares take a pounding

Bengaluru is a window into the water wars of the future African music is going global and Spotify—like everyone else—wants in By IoL Business Report On 11 October 2018 · Leave a Comment Naspers continues to take a beating from its 31 percent holding in Chinese internet giant Tencent Holding, and dragging the local bourse lower.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Markus Jooste advised friends to sell shares before stock fell

India's gold imports slump 14% Saudi prince sheds $760m By IoL Business Report On 11 October 2018 · Leave a Comment Steinhoff International former Chief Executive Officer Markus Jooste advised friends to sell shares days before the stock collapsed.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

JSE remains under pressure as investors avoid risk assets

The all share is on track for its worst weekly loss this year, as pressure on Nasper's associate Tencent continues, and after the Dow falls 3% The all share was down almost 2% on Thursday morning, on track for its worst weekly loss in more than a year as Naspers's slump continued and risk-off trade on global markets took hold. The market heavyweight is tracking losses by Hong Kong-listed associate Tencent, which has come under pressure from investor fears that Chinese regulators are crippling its long-term growth prospects. Tencent has started buying back shares, but since it started doing this on September 7, its share price has lost 9.

Macufe fans' date with Joe Thomas

American R&B singer Joe Thomas is tonight kicking into high-gear the Mangaung African Cultural Festival (Macufe) ahead of all the weekend euphoria. The seven-time Grammy nominee teases that fans should expect a nostalgic and heart-string pulling set from his illustrious music catalogue that spans over 25 years. The 45-year-old crooner, renowned for his hits I Wanna Know and More & More, will headline the Indoor Jazz Stage tonight, alongside local jazz legend Selaelo Selota.

Digital innovation is rapidly changing the ‘payment rituals' of consumers in Africa

Nnamdi Oranye, Fintech Author and International Remittances Lead at Standard Bank Group Cash is still king in Africa, but the accessibility and acceptance of new digital payment channels is fast changing the ‘payment rituals' of consumers across the continent. Nnamdi Oranye, Fintech Author and International Remittances Lead at Standard Bank Group, says new technology has the potential to break often long-established habits of consumers and their preferred methods of paying. But it is important that any new method that comes along to change habits does so in a seamless, hassle free experience for the increasingly tech-savvy and demanding consumer of the future.

Ex-central banker Mboweni takes on a hobbling economy

The markets in recession-mired South Africa welcome Mboweni. Tito Mboweni's skill set ranges from his time as labour minister, Sarb governor and as adviser at Goldman Sachs. Picture: Moneyweb POLITICAL NEWS - South  Africa n markets rallied after the appointment of former central banker Tito Mboweni as finance minister, an ANC insider and ally of President Cyril Ramaphosa expected to focus on wooing investors and reviving an economy in recession.

Ex-central banker Mboweni takes on a hobbling economy

The markets in recession-mired South Africa welcome Mboweni. Tito Mboweni's skill set ranges from his time as labour minister, Sarb governor and as adviser at Goldman Sachs. Picture: Moneyweb POLITICAL NEWS - South  Africa n markets rallied after the appointment of former central banker Tito Mboweni as finance minister, an ANC insider and ally of President Cyril Ramaphosa expected to focus on wooing investors and reviving an economy in recession.

Thursday Morning Spice

Melania Trump: Women Need ‘Hard Evidence' To Make #MeToo Claims - Tells ABC interviewer that ‘we need to support them—and also the men—not just women.' [ beast ] Trump Mocks The #MeToo Movement At A Rally, Again - President Donald Trump mocked the #MeToo movement again at his rally in Pennsylvania on Wednesday night, citing the "rules of MeToo" as the reason he wasn't "allowed" to use an expression. [ cnn ] Cristiano Ronaldo Lawyer Acknowledges Kathryn Mayorga Agreement - Cristiano Ronaldo's Las Vegas-based attorney said his soccer star client "vehemently denies all of the allegations" made in a lawsuit filed last month, and he described the encounter in a Las Vegas hotel room in June 2009 as "consensual in nature.

UK Stocks-Factors to watch on Oct 11

Oct. 11 - Britain's FTSE 100 index is seen opening 98 points lower at 7,047 on Thursday, according to financial bookmakers. * PATISSERIE VALERIE: The owner of British café chain Patisserie Valerie was plunged into turmoil on Wednesday after discovering accounting irregularities and that tax authorities were pursuing its main trading arm for more than 1 million pounds ($1.

Grand Parade chairman declares war against shareholders

Hassen Adams, founder and executive chairman of Grand Parade Investments (GPI), is fuming and has accused a small group of shareholder activists of launching a ‘hostile takeover' on the company. The shareholders, who collectively hold 12.5% of GPI, have requested - and been granted - an extraordinary general meeting (EGM), which will be held on October 31.

Get ready for a rough day on the JSE as global rout enters second day

A slew of local corporate and economic news is due The JSE is likely to get trampled in a global stock market rout for a second day on Thursday. A worldwide share price plunge was sparked on Wednesday by what could be the start of a US tech stock bubble burst. Netflix fell 8.

Gutzeit reigns in National Enduro Championship game of thrones

It was a long time coming, but Blake Gutzeit (Bidvest bLU cRU Yamaha Racing) finally secured his maiden South African title as the curtain came down on the National Enduro Championship in Bronkhorstspruit on Sunday. The Oslo Beach star sealed back-to-back wins in the demanding and decisive double-header to add a national E2 championship  to the superenduro junior world title he won in 2017. "It feels really good!" Gutzeit told eHowzit.

Boardroom battle brewing at Grand Parade

Disgruntled investors have been lining up well-qualified candidates to possibly take over from long-serving directors Disgruntled minority shareholders at Cape Town-based empowerment company Grand Parade Investments (GPI) are intent on beefing up lean returns by shaking up the board of directors. But GPI's long-serving directors seem affronted that their servings are so underappreciated. This should make for an intriguing general meeting at the end of this month — perhaps recalling the excitement of 2007, when an unlisted GPI was desperately fending off Shaun Rai's Cape Empowerment Trust.

Bruce Whitfield on why SA's crisis is in the right direction

Although South Africa is in a period of chaos, it is at least chaos in the right direction, financial journalist Bruce Whitfield said on Wednesday. He was speaking at a business breakfast hosted by Decision Makers in Cape Town, where he featured short video clips of some of the business people he had interviewed previously. Whitfield said he is happy that Tito Mboweni is back as minister of finance .

Steinhoff ex-CEO Markus Jooste told friends to sell stock before collapse

Former Steinhoff Chief Executive Officer Markus Jooste advised friends to sell the retailer's shares days before the stock collapsed, according to a mobile phone text message seen by Bloomberg. The message, sent around November 30 to at least two people, told recipients there was impending, unspecified bad news coming. At the time, Steinhoff was in discussions with Deloitte LLP about the viability of its accounts.

Steinhoff's shares plunge after report on retailer's ex-CEO

JOHANNESBURG (Reuters) - Steinhoff's shares fell more than 9 percent on Thursday to a near two-month low after Bloomberg reported that the retailer's former CEO advised friends to sell the firm's stock days before the shares collapsed.Citing a mobile phone text message, Bloomberg said the message sent around Nov. 30 to at least two people, told recipients there was impending, unspecified bad news coming.

Steinhoff's shares plunge after report on retailer's ex-CEO

JOHANNESBURG (Reuters) - Steinhoff's shares fell more than 9 percent on Thursday to a near two-month low after Bloomberg reported that the retailer's former CEO advised friends to sell the firm's stock days before the shares collapsed. Steinhoff's former Chief Executive Markus Jooste appears in parliament to face a panel investigating an accounting scandal that rocked the retailer in Cape Town, South Africa, September 5, 2018. REUTERS/Mike Hutchings Citing a mobile phone text message, Bloomberg said the message sent around Nov.

Naspers shares take a pounding

Naspers continues to take a beating from its 31 percent holding in Chinese internet giant Tencent Holding, and dragging the local bourse lower..

New twist in Steinhoff saga

JOHANNESBURG - The embattled former Steinhoff CEO Markus Jooste, is embroiled in a new scandal. Bloomberg is reporting that Jooste warned friends to sell their shares in the retailer, days before the stock collapsed. READ : Markus Jooste blames board for Steinhoff woes Bloomberg says it's seen text messages, telling recipients there was bad news on the way.

Sea of red washes over Asian share markets, after Wall Street meltdown

BP condemns call on investors to sell down their oil stocks By Business Day On 11 October 2018 · Leave a Comment The rout has wiped hundreds of billions of dollars off global bourses, with Japan's Topix alone losing $230bn   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

All systems go for major Sanlam Emerging Markets deal

Conditions met for acquisition of Morocco-based SAHAM Finances, turning Sanlam into leading pan-African financial services group Sanlam's conclusion of its biggest acquisition to date transforms the Group into a leading financial services player in Africa, opening the way for a major growth drive on the continent. Sanlam and Santam have announced the fulfilment of all conditions precedent for the acquisition of the remaining 53.37% of Morocco-based SAHAM Finances, effective 9 October, after regulators in various jurisdictions approved the deal.

Vodacom uses tech to help digitise the retail and logistics business

As an active and key player in digital transformation, Vodacom hosted its partners to a retail & logistics vertical engagement. Among other topic discussion aspects, the vertical engagements touched on the fundamentals of securing the future success of businesses through multi-dimensional, innovative solutions. It also focussed on the digital world of logistics and explored issues relating to communication optimisation, securing and tracking assets and also focused on how digital solutions can assist in managing and developing a business' workforce.

Business welcomes Tito Mboweni's appointment as finmin

Nicola Kleyn, Dean of the Gordon Institute of Business Science and Kganki Matabane, CEO of Black Business Council joins CNBC Africa to give insight into Tito Mboweni's appointment as finance minister and how business will view this move from president Ramaphosa. https://www.cnbcafrica.

Rwanda's mentorship program aims empower youth in business

Rwanda, aims to provide an opportunity for young people from diverse backgrounds with a platform to pitch, learn and get mentorship for their businesses. For more CNBC Africa spoke to Hon. Rose Mary Mbabazi, Minister of Youth, Rwanda.

Creating Your Own Successful Bitcoin Business-Part 43

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Apple to buy part of supplier Dialog's business in $600 mln deal

* Apple has used Dialog chips to manage iPhone battery life* Dialog says will still ship products to Apple* Deal settles questions about Apple, Dialog relations (Adds bullet points, changes media identifier to DIALOG-LICENSING/APPLE)BERLIN/SAN FRANCISCO, Oct 11 (Reuters) - Apple Inc has agreed to buy a portion of chip supplier Dialog Semiconductor Plc's business in a $600 million deal, the two companies said Thursday, expanding the iPhone maker's chip operations in Europe.Since the first iPhones a decade ago, Apple has used Dialog power management chips to help its devices manage battery life. Under the deal, Apple is buying patents, a team of about 300 engineers, most of whom already worked on chips for Apple devices, and Dialog offices in Britain, Italy and Germany.

French bank Natixis examining merging payments business with Ingenico

* Ingenico has been the subject of bid interest* Payments sector has seen several M&A deals (Adds background and detail)PARIS, Oct 11 (Reuters) - French bank Natixis said it was examining a merger of its payments activities with Ingenico, which has been the subject of bid interest in a sector that has witnessed several takeover deals this year.Financial and payments firm Ingenico has a current market capitalisation of around 4 billion euros ($4.6 billion), while Natixis - which is the corporate banking arm of French bank BPCE - has a stock market value of around 18 billion euros.

Keller launches review of its Asia Pacific business

Oct 11 (Reuters) - Geotechnical services provider Keller Group said on Thursday it was reviewing its Asia Pacific (APAC) business, citing deteriorating conditions in Southeast Asian markets, especially Malaysia.The company now expects the APAC division to make a pretax loss of 12 million pounds to 15 million pounds ($15.8 million-$19.

WH Smith to restructure high street business, cites tough retail environment

(Adds details on results, British high street)Oct 11 (Reuters) - Books, newspaper and stationery retailer WH Smith said on Thursday that it plans to restructure its high street business, shoring up its operations as retailers face lower consumer spending and lingering economic uncertainties.WH Smith, which operates 839 travel outlets and 607 high street stores in the UK, said it would wind down non-core trial initiatives including Cardmarket and WHSmith Local, restructure some operational activities and close around six high street stores.The company also said group pretax profit declined 4 percent to 134 million pounds in the year ended August.

Lawyers search for patients as listeriosis battle looms with Tiger Brands

October looks set to be a roller coaster month for Tiger Brands. As the food giant prepares to reopen its polony factories‚ seven months after the world's biggest listeriosis outbreak led health officials to finger its Polokwane plant as the source‚ lawyers representing the victims are set to approach the Johannesburg High Court to have the class action against the company certified. "When that's done‚ we can proceed to argue for damages‚" said Thami Malusi of Richard Spoor Attorneys.

Steinhoff ex-CEO told friends to sell stock before collapse

Message sent by Jooste days before retailer's accounts crisis. Former Steinhoff International Holdings NV Chief Executive Officer Markus Jooste advised friends to sell the South African retailer's shares days before the stock collapsed, according to a mobile phone text message seen by Bloomberg. The message, sent around November 30 to at least two people, told recipients there was impending, unspecified bad news coming.

Lawyers search for patients as listeriosis battle looms with Tiger Brands

October looks set to be a roller coaster month for Tiger Brands. As the food giant prepares to reopen its polony factories‚ seven months after the world's biggest listeriosis outbreak led health officials to finger its Polokwane plant as the source‚ lawyers representing the victims are set to approach the Johannesburg High Court to have the class action against the company certified. "When that's done‚ we can proceed to argue for damages‚" said Thami Malusi of Richard Spoor Attorneys.

New twist in Steinhoff saga

JOHANNESBURG - The embattled former Steinhoff CEO Markus Jooste, is embroiled in a new scandal. Bloomberg is reporting that Jooste warned friends to sell their shares in the retailer, days before the stock collapsed. Bloomberg says it's seen text messages, telling recipients there was bad news on the way.

Steinhoff's Jooste advised friends by text to sell their shares before stock collapse

Steinhoff International Holdings NV's former chief executive officer Markus Jooste advised friends to sell the South African retailer's shares days before the stock collapsed, according to a mobile phone text message seen by Bloomberg. The message, sent around Nov. 30 to at least two people, told recipients there was impending, unspecified bad news coming.

Profits from coal eclipsing other metals as Glencore, Anglo benefit

By Staff Writer - October 10, 2018 Share on Facebook Tweet on Twitter PROFITS from coal mining are eclipsing income from other metals, said Bloomberg News which showed that some of the world's largest mining groups are set to produce better than ever returns from the fuel this year. "This is the sweet spot for the coal miners," Ben Davis, an analyst at Liberum Capital Markets told Bloomberg News. "Chinese coal demand is through the roof and that's because domestically they're not producing enough.

British American Tobacco named a top employer in Africa

British American Tobacco named a top employer in Africa COMPANIES / 10 OCTOBER 2018, 3:45PM / GABRIELLA STEYN Share on FacebookShare on TwitterShare on LinkedInTell a Friend CAPE TOWN - British American Tobacco has been recognised by the Top Employers Institute as one of the best companies to work for in Africa. The Top Employers Institute conducts independent and internationally verified research into how a company looks after and develops its people. Only organisations that achieve certification in at least four countries within the region earn the special 2019 Top Employers Africa recognition.

IMF's Lagarde urges countries to control 'inevitable' capital outflows amid trade, rate risks

NUSA DUA, Indonesia, Oct 11 (Reuters) - International Monetary Fund's Managing Director Christine Lagarde on Thursday urged countries to "use all the tools" to resist the consequences of inevitable capital outflows, amid trade and interest rate risks.Lagarde said these outflows of capitals are inevitable as the world braces for impacts from trade frictions and as major central banks in the West turn to a tightening cycle.She recommended more flexibility on capital flow management, adding that some emerging markets, including South East Asian countries, have been reluctant to ramp up such controls in the belief that they should only be used in exceptional circumstances.

EOH exec discusses eliminating human error in finance, planning, production & supply chains

Eliminating human error in finance, planning, production & supply chains. In the South African industrial manufacturing and retail industries, businesses are faced with economic pressure and constantly increasing demand. This requires constant innovation and the application of best practice, especially in the effective management of warehouses, finance, planning, production and supply chain processes.

Naspers share rout a buying opportunity, say analysts

BONANG MOHALE: Why inclusive growth should be at the heart of SA's policy priorities Tekkie Town fallout puts Pepkor back in the spotlight By Business Day On 11 October 2018 · Leave a Comment The group's main asset, Tencent, has lost its spot as one of the world's 10 biggest companies   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

TIM COHEN: No cheers for SA's investors as AB InBev's share price plunges 20%

PETER BRUCE: VBS should be Tito Mboweni's first port of call WANDILE SIHLOBO: Farmers' planting efforts show no sign of flagging By Business Day On 11 October 2018 · Leave a Comment Almost two years ago, SA shareholders of SABMiller voted to sell to global giant AB InBev. From their perspective it has not delivered great results   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Tencent stumbles, drags down Naspers - The Wall Street Journal

Naspers has been having a rough ride over the last few weeks and there's one likely culprit to blame: Tencent, which has seen its share price slump lately. This article is exclusive to Biznews Premium. Members please login  here.

Stock rout rolls through Asia; Dollar slides: Markets Wrap

The biggest stock sell-off since February rolled from the US through Asia on Thursday, with benchmarks from Tokyo to Hong Kong seeing declines in excess of 3%. The dollar weakened against all major peers while the yen pushed higher and some emerging-market currencies came under pressure. Treasuries, which helped trigger the stock decline when 10-year yields hit the highest since 2011, extended gains posted on Wednesday.

Sea of red washes over Asian share markets, after Wall Street meltdown

Donald Trump has used the rout to once again criticise the Federal Reserve's interest rate increases Sydney/Shanghai — Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe. "Equity markets are locked in a sharp sell-off, with concern around how far yields will rise, warnings from the IMF about financial stability risks and continued trade tension all driving uncertainty," was how ANZ analysts summed it up. The global plunge erased hundreds of billions of dollars of wealth.

Creating Your Own Successful Bitcoin Business-Part 43

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Volvo eyes airline business

The Swedes have always excelled at interior furnishings and an automotive cabin is perfect for Ikea-like functionality in a small space. MOTORING NEWS - With its latest self-driving car concept, Volvo wants to take on the airline industry without any need for a steering wheel. Volvo opened up the interior of its 360c concept to accommodate a coffee table, card table, desk and even a first-class airline-style bed.

Outsourcing data centre O&M can benefit your business

The South African data centre market continues to grow significantly, each year, and corporates faced with challenges around cost savings, lack of facilities and streamlining their business operations often look to outsourcing as an attractive solution. Outsourcing the operations and maintenance (O&M) function for data centres is another cost-effective way to ensure increased uptime, better capacity utilisation, auditable program standards, longer asset life and increased energy efficiency. When considering cost savings, however, it is essential that organisations weigh up the costs associated with outsourcing, and compare those to the value of investing in their own data centres.

Huawei redefines campuses, creating new business value

On the opening day of HUAWEI CONNECT 2018 At this event in the global ICT industry, Huawei has discussed with industry vendors how to grasp future trends, seize opportunities, promote the digital transformation of campuses, and achieve new growth as new technologies are emerging. Currently, all industries are undergoing digital transformation. Digital transformation has become an irresistible trend.

Volvo eyes airline business

The Swedes have always excelled at interior furnishings and an automotive cabin is perfect for Ikea-like functionality in a small space. MOTORING NEWS - With its latest self-driving car concept, Volvo wants to take on the airline industry without any need for a steering wheel. Volvo opened up the interior of its 360c concept to accommodate a coffee table, card table, desk and even a first-class airline-style bed.

Tito Mboweni's appointment will drive up business confidence, says Sacci

Business confidence has rebounded from its lowest level in more than a year and could surge after newly appointed finance minister Tito Mboweni delivers the medium-term budget policy statement at the end of October. Alongside the investment summit in the same week, the medium-term budget is expected to provide greater certainty, according to the South African Chamber of Commerce and Industry (Sacci). The business confidence index, which assesses the business climate, rose by 2.

Interact at breakfast

The future of mining in the Free State Goldfields, and the future of the motor industry in South Africa, will be discussed at a power business breakfast held at the Voluit Primary School in Virginia on 26 October. "It is a fund-raiser for the community, but it is envisaged to give institutions a much-needed forum to interact with small business and the community," says Joseph Taylor, organiser of the event. The guest speakers are William Taylor (senior vice-president of Sibanye Gold and Uranium Division), Stoffies Odendaal (general manager of the Beatrix Gold Mine), Robert Hart (executive engineer South Africa Assets of Harmony Gold), Francois Jansen van Rensburg (regional manager of Harmony Gold Free State operations) and Dr Casper Kruger (former vice president of Dealer Network at Toyota, former managing director of Ford Company Sub Sahara and Africa, and currently the managing director of Motor Division of the Halfway Group).

Naspers share rout a buying opportunity, say analysts

The group's main asset, Tencent, has lost its spot as one of the world's 10 biggest companies The sell-off of Naspers shares, which have dropped to their lowest level in 15 months, may be a buying opportunity, say analysts. Owing to its shrinking investment in Chinese internet giant Tencent, Naspers has slipped to its lowest valuation since July 2017. The stock, which accounts for nearly a fifth of the JSE, fell 6.

A third of JSE shares crashed by more than 15% this year - as SA suffers its longest downturn in 70 years

The South African economy is in the midst of its longest business cycle downturn in more than 73 years, according to the Reserve Bank, and things aren't looking particularly favourable right now either. The adverse business climate has impacted the stock market too this year, seeing listed companies declining year-to-date on the whole.  According to analysis done by Corion Capital, a boutique hedge fund manager, 60% of listed counters had depreciated by the end of September, with more than a third slumping in excess of 15%.

Large miners hit pay dirt with higher coal prices

The grubby commodity is shining as base metals from copper to zinc have tumbled this year For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy industry stalwart coal. Base metals from copper to zinc have tumbled this year, caught up as a proxy for trade fears and emerging-market jitters. Meanwhile, coal has ground steadily upwards, supported by strong demand from top commodities user China, and is trading near its highest price in more than six years.

The return of the governor

Delight but some trepidation that Tito Mboweni, a bold, outspoken candidate, is set to take up the reins at the Treasury The markets have reacted positively to former SA Reserve Bank governor Tito Mboweni's appointment as finance minister. An independent thinker, who doesn't suffer fools and railed against the forces of state capture, Mboweni is likely to be SA's most colourful and opinionated finance minister since Trevor Manuel. But Mboweni's appointment, after the resignation of the embattled Nhlanhla Nene, is still something of a surprise given his low profile compared to other prime contenders such as Bank governor Lesetja Kganyago and former deputy finance minister Mcebisi Jonas.

TIM COHEN: No cheers for SA's investors as AB InBev's share price plunges 20%

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Ikea eyes partnership deals to boost Russian online business

Ikea Group is looking to sign strategic partnerships with Russian companies to boost its local online business, the furniture retailer's Russia country manager Pontus Erntell said on Wednesday. The retailer plans to open more than 100 pick-up points in Russia this financial year - Reuters Ikea, known for its flat-packed self-assembly furniture, owns 14 hypermarkets in 11 Russian cities. In the past year, it has focused on bringing customers online and that business now accounts for 8 percent of its Russian turnover.

Oil extends losses as other markets fall, inventories rise

TOKYO, Oct 11 (Reuters) - Oil dropped on Thursday to extend big losses from the previous session as global stock markets suffered a rout, with crude prices also taking a hit from a weekly industry report showing U.S. crude inventories had risen more than expected.

Satellite images show coal power plants are likely to be bad business for China

China has a lot of coal power plants, and is planning to build even more. At the rate construction is going, China will have a fifth of the world's fossil-fuel power plants by 2040. If that happens, there will be no chance that the world will hit the goals set under the Paris climate agreement [.

UGANDA: Adoption Inc: The Baby Business - VIDEO

AL JAZEERA - How demand from US families seeking to adopt babies from abroad has paved the way for exploitation and fraud. The only place Florence and Jennifer see their children now is in photos. Five years ago, they sent them to stay with their sister Mariam.

BUSINESS: US stocks suffer worst loss in 8 months amid rising interest rates, tech hit hardest

Traders on the floor of the New York Stock Exchange, October 10, 2018 © Reuters / Brendan McDermid US stocks suffer worst loss in 8 months amid rising interest rates, tech hit hardest RT - US stock exchanges recorded biggest losses in 8 months as rising interest rates made investors flee risky stocks. The S&P, Dow Jones and Nasdaq plunged between 3 and 4 percent. Technology shares were among the worst affected.

Divercity invests R2 billion in Joburg inner-city developments

Wouter de Vos CEO - Atterbury Property Fund, Rian Reyneke CEO - Ithemba, Tebogo Mogashoa - Group Chairman Talis Property Fund and Carel Kleynhans - Executive Director Ithemba ABSA Towers Main and Jewel City to be redeveloped and linked to Maboneng Divercity Urban Property Fund is investing R2bn in Johannesburg as part of its strategy to create thriving mixed-use inner-city precincts. This investment, the largest in the Johannesburg CBD for some years, is focused on the redevelopment of the iconic ABSA Towers Main building and Jewel City. Newly launched Divercity is an investment fund backed by the experience of some of South Africa's leading property investors and developers.

It's war, says Grand Parade chairman

"Shareholders are attempting a hostile takeover." Hassen Adams, founder and executive chairman of Grand Parade Investments (GPI), is fuming and has accused a small group of shareholder activists of launching a ‘hostile takeover' on the company. The shareholders, who collectively hold 12.

Divercity invests in redevelopment of inner-city Joburg

Divercity Urban Property Fund has announced its R2 billion investment in Johannesburg as part of its strategy to create thriving mixed-use inner-city projects. The investment will focus on the redevelopment of the iconic Absa Towers Main building and Jewel City. Newly launched, Divercity is an investment fund backed by the experience of some of South Africa's leading property investors and developers.

Redefine appoints Amanda Dambuza as independent, non-exec director

Redefine Properties has appointed experienced IT professional Amanda Dambuza to its board with effect from 2 November 2018. Ms Dambuza's wealth of experience within technology and information governance was a crucial match for Redefine which deepens the Board's skills base and enhances its multi-disciplinary knowledge. Ms Dambuza, a highly accomplished technology executive and a seasoned entrepreneur served as Barclay Africa's CIO before venturing to start Uyandiswa, a consulting firm where she is the CEO.

Hurricane knocks out 42 percent of U.S. Gulf of Mexico oil output

(Adds status of energy pipelines)HOUSTON, Oct 10 (Reuters) - Hurricane Michael on Wednesday cut 42 percent of U.S. Gulf of Mexico daily crude oil production and nearly a third of natural gas output, the largest reductions in a year, after companies evacuated staff and shut-in platforms as a precaution.

UPDATE 3-Hurricane knocks out 42 percent of U.S. Gulf of Mexico oil output

(Adds status of energy pipelines) HOUSTON, Oct 10 (Reuters) - Hurricane Michael on Wednesday cut 42 percent of U.S. Gulf of Mexico daily crude oil production and nearly a third of natural gas output, the largest reductions in a year, after companies evacuated staff and shut-in platforms as a precaution.

Naspers: Still a safe bet?

Fasten your seatbelts and go with the flow, suggests Ashburton's Nick Crail. Content hosted by iono.fm NOMPU SIZIBA: South African global technology and entertainment company Naspers, which has a heavy weighting on the JSE Top 40 index, has lost more than a third of its value this year.

The 7th Infrastructure Africa Business Forum

Day two of the seventh annual Infrastructure Africa Business Forum took place today with topics speaking to bridging Africa's infrastructure gap, the digitalization of Africa and Transforming Africa headlining some of the panel discussions. For more news, visit: sabcnews.com.

Ex Steinhoff chief executive advised friends to sell shares before stock fell

Uniqlo replaced 90% of staff at its newly automated warehouse with robots Goldman will not rule out US naming China a currency manipulator By IoL Business Report On 10 October 2018 · Leave a Comment Steinhoff International former Chief Executive Officer Markus Jooste advised friends to sell shares days before the stock collapsed.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

U.S. Gulf of Mexico daily oil output cut by 42 pct due to Hurricane Michael

(Adds details of production cuts and staff evacuations, adds oil prices)HOUSTON, Oct 10 (Reuters) - U.S. Gulf of Mexico producers have cut daily oil production by roughly 42 percent and natural gas output by nearly 32 percent due to Hurricane Michael, the Bureau of Safety and Environmental Enforcement said on Wednesday, citing reports from 30 companies.

UPDATE 1-U.S. Gulf of Mexico daily oil output cut by 42 pct due to Hurricane Michael

(Adds details of production cuts and staff evacuations, adds oil prices) HOUSTON, Oct 10 (Reuters) - U.S. Gulf of Mexico producers have cut daily oil production by roughly 42 percent and natural gas output by nearly 32 percent due to Hurricane Michael, the Bureau of Safety and Environmental Enforcement said on Wednesday, citing reports from 30 companies.

South Africa's rand weakens, stocks hit three-month low

People walk near the reception at the Johannesburg Stock Exchange in Sandton, Johannesburg JOHANNESBURG (Reuters) - South Africa's rand weakened on Wednesday, giving back gains it made following Tito Mboweni's appointment as fiance minister, with investors banking profits ahead of a ratings decision on Friday. In the equities market, stocks were hammered by losses of market-heavyweight Naspers.At 1643 GMT the rand was 0.

Selecting the Correct Benchmark for South African Equity - adequate diversification paramount for prudent investors

Retirement fund trustees often ask us how it is possible for every investment manager pitching for business to claim to be the top performing manager or that they have consistently outperformed their benchmark for all reporting periods over the past 10 years. Ensimini Financial Services CEO, Jaco Pretorius, says the answer to this lies in understanding what and against whom the managers are comparing or measuring themselves. "Utilising inappropriate benchmarks can easily lead one to derive nonsensical conclusions.

Limited room to manoeuvre as Mboweni faces mammoth task to revive SA economy

Nine years after leaving his post as governor of the South African Reserve Bank, Tito Mboweni is has been appointed as the nation's finance minister and faces the unenviable task of reviving an economy that's mired in recession. He'll have limited room to maneuver. With government debt at already dangerously high levels and the country at risk of losing its sole remaining investment-grade credit rating from Moody's Investors Service, Mboweni will have little option but to stick to the National Treasury's expenditure ceilings and deficit-reduction targets.

Markus Jooste warned friends of impending Steinhoff crash

Former CEO sent text messages advising friends to sell shares in the company in the days leading up to the revelations of accounting irregularities Steinhoff International Holdings NV's former CEO Markus Jooste advised friends to sell the South African retailer's shares days before the stock collapsed, according to a mobile phone text message seen by Bloomberg. The message, sent on or about November 30 2017 to at least two people, told recipients there was impending, unspecified bad news coming. At the time, Steinhoff was in discussions with Deloitte about the viability of its accounts.

Can Hydrogen Cut Energy Costs For Extractive Industries?

Christopher Jackson and Patrick Molloy Mining companies face significant challenges in their efforts to decarbonize and are looking for more opportunities to incorporate dynamic technologies to aid these efforts. The challenge in many cases is to do this without limiting the efficiency of the extraction and processing systems. Renewable energy solutions can offset many of these challenges.

Jooste advised friends to sell Steinhoff stock before collapse

Steinhoff International Holdings [ JSE:SNH ] former Chief Executive Officer Markus Jooste advised friends to sell the the retailer's shares days before the stock collapsed, according to a mobile phone text message seen by Bloomberg. The message, sent in November to at least two people, told recipients there was impending, unspecified bad news coming. At the time, Steinhoff was in discussions with Deloitte about the viability of its accounts.

Hurricane Michael shuts nearly 40% of US Gulf oil output

Companies had turned off daily production of about 670,800 barrels of oil by midday on Tuesday Nearly 40% of daily crude oil production and more than one third of natural gas output was lost from offshore US Gulf of Mexico wells on Wednesday because of platform evacuations and shut-ins ahead of Hurricane Michael. Michael intensified to a Category 4 storm and is expected to hit the Florida Panhandle later on Wednesday with maximum sustained winds of 233km/h. Since Monday, oil producers — including Anadarko Petroleum, BHP Billiton, BP and Chevron — have evacuated personnel from 75 platforms as the storm makes its way through the central Gulf.

AB Inbev brewing partner in Zimbabwe posts record half year lager sales

HARARE, Oct 10 (Reuters) - Zimbabwe's largest brewer Delta Corporation on Wednesday announced a record 54 percent rise in lager sales by volume in the half-year to September, driven by strong demand and pre-election spending, which drove revenues up by more than a third. Delta, which is 40 percent owned by Anheuser-Busch Inbev, said in a trading update that revenues increased 37 percent during the March-September period, boosting profitability and cashflow. However, the company said its soft drinks output, which grew 3 percent, was affected by shortages of imported raw materials, which caused production stoppages.

FTSE 100 hits new 6-month low as Brexit hopes lift sterling

* FTSE 100 down 1.3 pct, lowest since April* Domestic stocks outperform* Homebuilder Telford drops on uncertain outlook (Updates prices, adds details)By Danilo Masoni and Helen ReidMILAN, Oct 10 (Reuters) - Britain's top share index hovered near a six-month low on Wednesday as rising hopes for a Brexit deal lifted the pound, hurting the shares of big multinational companies.The FTSE 100 retreated by 1.

Pedestrian struck down on Beyers Naude

Gauteng: At 17H39 Wednesday late afternoon Netcare 911 responded to reports of a Pedestrian vehicle collision on Beyers Naude in Nooitgedacht. Reports from the scene indicate that an adult male sustained serious injuries after being knocked down by a light motor vehicle. The patient was treated on scene by an Advanced life support paramedic and transported in a serious condition to hospital for further assessment and care.

Fin24.com | Naspers leads losses on the blue-chip index

Vietnam will ignore Google and Facebook's pleas and enforce tough cyber law Five tips to make you smarter about loans By fin24.com On 10 October 2018 · Leave a Comment The bearish sentiment in Tencent has not spared Naspers on the JSE which is also under a sharp sell-off. In today's session Naspers slumped 6.

Profits from coal eclipsing other metals as Glencore, Anglo benefit

PROFITS from coal mining are eclipsing income from other metals, said Bloomberg News which showed that some of the world's largest mining groups are set to produce better than ever returns from the fuel this year. "This is the sweet spot for the coal miners," Ben Davis, an analyst at Liberum Capital Markets told Bloomberg News. "Chinese coal demand is through the roof and that's because domestically they're not producing enough.

MSA Africa launches new Workman® tripods for confined-space entry

A leading manufacturer of high-quality safety solutions for hazardous environments such as mining, MSA Africa used Electra Mining Africa 2018 to display some of its latest products. These included the Workman® range of tripods, which are used specifically to facilitate confined-space entry via vertical descent. The latest iteration of the tripod features an improved casing for extra durability and ruggedness, according to MSA Africa Marketing Specialist Samantha Munawar.

UPDATE 1-South Africa's rand weakens, stocks hit three-month low

* Rand back to reality after Mboweni bump * Naspers drags bourse lower on Tencent weakness * Global tech stocks under pressure (Adds latest prices) JOHANNESBURG, Oct 10 (Reuters) - South Africa's rand weakened on Wednesday, giving back gains it made following Tito Mboweni's appointment as fiance minister, with investors banking profits ahead of a ratings decision on Friday. In the equities market, stocks were hammered by losses of market-heavyweight Naspers. At 1643 GMT the rand was 0.

British American Tobacco named a top employer in Africa

Tour de France trophy stolen at UK bicycle show Hong Kong ‘fearlessly' fights back against independence calls By IoL Business Report On 10 October 2018 · Leave a Comment The Top Employers Institute conducts independent and internationally verified research into how a company looks after and develops its people.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Markets seems positive about following Mboweni's appointment: Xhanti Payi

The market rally in response to the naming of Tito Mboweni as finance minister dissipated quickly today. The JSE All Share Index fell by 2 and a half percent. It was dragged lower by the biggest company on the market - Naspers - due to a global fall in tech stocks.

Business Confidence Index rises

JOHANNESBURG - The Business Confidence Index edged up last month, buoyed by increased export volumes, new vehicle sales and low inflation.  The index rose from 90.5 in August to 93.

Enrolment opens for 1st Wits Digital Business Masters degree

Enrolment is now open for places in the first Masters in Management in the field of Digital Business course at Wits Business School. The one-year course is designed to equip managers with the knowledge and skills required to guide their organisations through the complexities of digital transformation. "Digitalisation is fast becoming the driving force in business," said Brian Armstrong, Professor and BCX Chair in Digital Business at Wits Business School.

PE Business in the news: Property for Sale in Sidwell

Promote your business on BuyPE and MyPR . Property for Sale in Sidwell : This residential home with business … Floor Size … 1 800 000 Industrial Property for Sale in Sidwell Industrial warehouse for sale in Sidwell, Port Elizabeth . Offering 2 roller doors, 3 phase powe… Source: "Port Elizabeth" business - BingNews .

South African business confidence index rises in September

Business confidence in the South African economy rose in September, helped by higher export volumes, new vehicle sales and lower inflation, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's monthly business confidence index rose to 93.3 from 90.

UPDATE 1-FTSE 100 hits new 6-month low as Brexit hopes lift sterling

* FTSE 100 down 1.3 pct, lowest since April * Domestic stocks outperform * Homebuilder Telford drops on uncertain outlook (Updates prices, adds details) By Danilo Masoni and Helen Reid MILAN, Oct 10 (Reuters) - Britain's top share index hovered near a six-month low on Wednesday as rising hopes for a Brexit deal lifted the pound, hurting the shares of big multinational companies. The FTSE 100 retreated by 1.

Naspers leads losses on the blue-chip index

The JSE closed weaker on Wednesday led by Naspers which continued to slide further on the back of the downtrend in Tencent Holdings. In Hong Kong, Tencent Holdings lost another 2.52% to close at $HK286.

Divercity invests R2bn in Absa Towers, Jewel City redevelopments as part of inner city rejuvenation

Divercity Urban Property Fund is investing R2-billion in two redevelopment projects - the Absa Towers Main building and Jewel City - in Johannesburg, as part of its strategy to create thriving mixed-use inner city precincts. This investment is the largest into the Johannesburg central business district for a number of years, and was announced in the presence of Johannesburg mayor Herman Mashaba, on Wednesday. Newly launched Divercity is an investment fund backed by the experience of some of South Africa's leading property investors and developers.

Alec on Winslyn: Tito Mboweni a better man for the job at the moment

JOHANNESBURG — It was sad to see the back of Nhlanhla Nene after all he did for South Africa, but in the spirit of good governance, a foreign concept in the Zuptoid world, it had to happen. Nene saved the country from a nuclear catastrophe, and for that South Africans must be grateful. But as with any succession, it's not the character of the person leaving we should be concerned about, but rather the replacement itself.

DMR accepts Waterberg mining right application - PTM

The Department of Mineral Resources (DMR) has accepted TSX- and NYSE-listed Platinum Group Metals' (PTM's) mining right application for the large-scale Waterberg platinum group metals (PGMs) project. The application comprises a mining work programme, social and labour plan, and associated environmental applications. The application is supported by all the Waterberg joint venture partners, including Impala Platinum (Implats), Japan Oil, Gas and Metals National Corporation (Jogmec) and Mnombo Wethu Consultants.

Ex-central banker Mboweni takes on a hobbling economy

The markets in recession-mired South Africa welcome Mboweni. South Mboweni, 59, replaced Nhlanhla Nene who stepped down after admitting having meetings with the Gupta brothers, friends of former president Jacob Zuma who are at the centre of corruption allegations. Zuma and the Guptas have denied any wrongdoing.