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Combine business with pleasure in Paris - without breaking the bank

Paris is a popular business destination for corporate travellers, but it also doubles up as an ideal place to take a ‘bleisure' break, explains Flight Centre Business Travel South Africa General Manager, Ryan Potgieter. "Paris is the world's most visited city… A travel professional can certainly recommend a few skip-the-queue leisure activities to add to your itinerary." Potgieter offers his round-up of considerations to help make the most of your next short stay in the City of Lights, preventing traveller friction and ensuring your next business trip is more relaxing than the last.

Cameroon:Gaming Stars Train New Generation of Business Superheroes

[Thomson Reuters Foundation] Yaounde -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..

How a vegetable garden turned into a profitable business

Being unemployed for more than two years with four children to feed, Manuel resorted to growing vegetable in her own garden to make ends meet. The struggle for survival eventually produced the business idea, which today has turned a small garden into a profitable enterprise. "I then had the idea of starting a wholesale plant nursery in Hanover Park, Cape Town.

South Africa's parliament summons former Steinhoff CEO over accounting scandal

JOHANNESBURG, Aug 21 (Reuters) - South Africa's parliament on Tuesday summoned Steinhoff's former chief executive and ex-chief financial officer to give evidence in an inquiry over the accounting scandal at the firm. Former CEO Markus Jooste, who is under fraud investigation by the South Africa police, resigned in December when Steinhoff uncovered accounting irregularities that sent its share price crashing. The former CFO Ben la Grange will also be summoned to give evidence to the Standing Committee on Finance.

Steinhoff: Jooste, La Grange To Be Summonsed To Appear In Parly

Image: EWN Speaker Baleka Mbete has given the green light for former Steinhoff CEO Markus Jooste and CFO Ben La Grange to be summonsed to give evidence before the Standing Committee on Finance. In a statement released on Tuesday afternoon, Mbete has given approval into the nature, causes and consequences of the sudden collapse of Steinhoff's share value. The retail giant's share price crumbled after Jooste's abrupt resignation in December as details of suspected fraud emerged.

Speaker authorises summons on Steinhoff former executives Markus Jooste and Ben la Grange

The speaker of the National Assembly Baleka Mbete has authorised the standing committee on finance to issue summons on former Steinhoff CEO Markus Jooste and former CFO Ben la Grange, to give evidence at a hearing scheduled for next week. Her decision is based on legal opinion from senior counsel on the matter. Jooste, through his lawyer, has refused to attend a committee meeting on the grounds that it might prejudice any future criminal or civil case against him.

Steinhoff: Jooste, La Grange to be summonsed to appear in Parly

Speaker Baleka Mbete has given approval into the nature, causes and consequences of the sudden collapse of Steinhoff's share value. | JOHANNESBURG - Speaker Baleka Mbete has given the green light for former Steinhoff CEO Markus Jooste and CFO Ben La Grange to be summonsed to give evidence before the Standing Committee on Finance. In a statement released on Tuesday afternoon, Mbete has given approval into the nature, causes and consequences of the sudden collapse of Steinhoff's share value.

Fin24.com | JSE inches higher as rand gains, emerging markets find some reprieve

Paul Brandus: The bizarre disconnect between Trump and the White House on Russia Tesla wouldn't be as private as Elon Musk wants By fin24.com On 21 August 2018 · Leave a Comment As the dollar weakened on Tuesday after US President Donald Trump criticised the US Fed, the rand managed to make up some of its losses - which buoyed financials and retailers.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Business community played huge role in water battle - Janine Myburgh

Cape Chamber says they only know of some water-saving projects but are sure there are many more The huge role the business community has played in the battle to defeat Day Zero 21 August 2018 The Cape Chamber of Commerce and Industry says it is time to recognise the huge role the business community has played in the battle to defeat Day Zero and equip the city to deal with future droughts. " This month we have seen the announcement by Old Mutual that they have taken their whole office complex off the water grid and they deserve our thanks and congratulations," said Ms Janine Myburgh, President of the Chamber. Last month Growthpoint properties took its District building in Woodstock off the grid and announced that it planned to do the same with other buildings in the city.

Gert Sibande TVET College Graduate Business Studies Internship Programme

The Programme aims at exposing unemployed young graduates to workplace practices in order to maximize their chances of being employed. Only graduates between the ages of 18 and 35 years are legible to apply. The Gert Sibande TVET College invites graduates with relevant NC(V) qualification NQF L2- L4 or N6 Certificate in Business Studies.

A 7-step guide to starting your own trade business

Morné Stoltz, Head of MiWay Business Insurance Skilled tradesmen are always in demand. Whether you are a plumber, electrician, cabinetmaker, refrigeration expert, tiler or builder, there is a ton of work out there. For many, the best way to make the most of the opportunity is to open your own business.

Steinhoff removes two former executives amid accounts probe

Steinhoff International suspended former Chief Financial Officer Ben La Grange and ex-director Stehan Grobler. Steinhoff International suspended former Chief Financial Officer Ben La Grange and ex-director Stehan Grobler in the first action taken against current employees of the company following an accounting scandal. While both La Grange and Grobler stepped down from their roles earlier this year, they remained employed by the South African retailer on short-term consultancy contracts, Steinhoff said in an ed response to questions Tuesday.

South African retailer Pepkor's sales rise 13.8 percent

JOHANNESBURG, Aug 21 (Reuters) - Retailer Pepkor Holdings Ltd, previously known as Steinhoff Africa Retail (STAR), on Tuesday reported a 13.8 percent rise in group revenue for the nine months to the end of June, as its low prices attracted shoppers. The clothing and furniture retailer said group revenue rose to 48.

Medill News Service: In low-yield environment, litigation finance booms

Gold climbs to one-week high on frazzled dollar Fin24.com | Steinhoff suspends ex-CFO Ben La Grange amid accounts probe By MarketWatch On 21 August 2018 · Leave a Comment Investors hurt by more than a decade of low interest rates are searching for higher returns in uncharted areas, leading to a boom in the litigation finance industry, where lawsuits are funded by third parties.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Fin24.com | Steinhoff suspends ex-CFO Ben La Grange amid accounts probe

Medill News Service: In low-yield environment, litigation finance booms Labour unions push for new state pension-manager law By fin24.com On 21 August 2018 · Leave a Comment While La Grange stepped down from his roles at the firm earlier this year, he remained on short-term consultancy deals.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Business community played huge role in water battle - Janine Myburgh

Cape Chamber says they only know of some water-saving projects but are sure there are many more The huge role the business community has played in the battle to defeat Day Zero 21 August 2018 The Cape Chamber of Commerce and Industry says it is time to recognise the huge role the business community has played in the battle to defeat Day Zero and equip the city to deal with future droughts. " This month we have seen the announcement by Old Mutual that they have taken their whole office complex off the water grid and they deserve our thanks and congratulations," said Ms Janine Myburgh, President of the Chamber. Last month Growthpoint properties took its District building in Woodstock off the grid and announced that it planned to do the same with other buildings in the city.

Mineral Council's conditional revised offer an insult to skilled employees - Solidarity

Movement says the difference in the wage offers between the two categories have never been so large in the past Mineral Council's conditional revised offer an insult to skilled employees 21 August 2018 The Mineral Council made a conditional revised offer today, subject to trade unions removing the other so-called high cost claims from the table. The conditional revised salary increase offer to artisans and other senior employees is between 4% (Sibanye-Stillwater and Village Main Reef) and 5% (AngloGold Ashanti and Harmony) against a much higher offer of between 6,8% and 8,2% for Category 4-8 employees. " Although the offers are conditional, Solidarity rejects the offer in principle because of its discriminatory nature.

Steinhoff suspends ex-CFO Ben La Grange amid accounts probe

Steinhoff International Holdings has suspended former Chief Financial Officer Ben La Grange and ex-director Stehan Grobler in the first action taken against executives by the company as part of an ongoing investigation into the retailer's finances following an accounting scandal. While both La Grange and Grobler stepped down from their roles earlier this year, they remained on short-term consultancy deals, Steinhoff said in an emailed response to questions Tuesday. The company appointed auditors at PwC to probe its accounts after the uncovering of irregularities triggered a share-price collapse late last year.

Gold sector wage negotiations deadlock - union

The union declared a dispute, a move that is one step short of a strike. South However, the Minerals Council, formerly known as the Chamber of Mines, which is representing gold producers in the wage talks, said the talks were still ongoing. Gold producers have argued that above-inflation wage hikes have been adding to the cost burden in the bullion industry, which has been hit by depressed prices and labour unrest.

Steinhoff International suspends two former executives

Former CFO Ben La Grange and former director Stephan Grobler are the first Steinhoff executives to have action taken against them Steinhoff International Holdings suspended former CFO Ben La Grange and former director Stephan Grobler in the first action taken against executives by the company as part of an ongoing investigation into the retailer's finances following an accounting scandal. While both La Grange and Grobler stepped down from their roles earlier this year, they remained on short-term consultancy deals, Steinhoff said in an e-mailed response to questions on Tuesday. The company appointed auditors at PwC to probe its accounts after the uncovering of irregularities triggered a share-price collapse late last year.

NUM declares wage dispute with SA gold companies

The National Union of Mineworkers (NUM) declared a wage dispute with the Minerals Council of South Africa today. The dispute comes as wage negotiations in the gold sector resumed today when the Minerals Council, which represents about 90 percent of mining houses, made a final salary increase offer to four workers unions. Last week, the council was focusing on category 4 to 8 underground employees, while the tradesmen and other senior miners had received an offer of below the inflation rate, ranging from 3.

AngloGold profits from good cost control

"My real name is Loan": Read Kelly Marie Tran's defiant rebuke of her online trolls Y Combinator is funding a nonprofit that advocates for meat alternatives By IoL Business Report On 21 August 2018 · Leave a Comment AngloGold Ashanti turned around its profit for the six months to end June, on the back of good cost controls and a higher gold price.   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.

Cell C plans IPO for early 2020 in bid to raise funds

‘We are moving into media and content, and we have a strong fibre-to-home play,' CEO Jose dos Santos says Cell C is planning a share sale in Johannesburg by the first quarter of 2020, as SA's third-largest wireless company seeks funds for acquisitions. The exact timing of an initial public offering (IPO) will depend on market conditions, CEO Jose dos Santos said in an interview on Tuesday. In the meantime, the carrier is looking at potential fibre-to-home deals to boost its internet and data-services businesses, he said.

South African gold sector wage negotiations deadlock - union

JOHANNESBURG, Aug 21 (Reuters) - South Africa's National Union of Mineworkers (NUM) said on Tuesday that wage negotiations in the gold sector were at a deadlock and the union had declared a dispute, a move that is one step short of a strike. However, the Minerals Council, formerly known as the Chamber of Mines, which is representing gold producers in the wage talks, said the talks were still ongoing. Gold producers have argued that above-inflation wage hikes have been adding to the cost burden in the bullion industry, which has been hit by depressed prices and labour unrest.

Samarco mine reboot depends on prosecutor deal - BHP exec

SAO PAULO - Restarting operations at Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, depends on an agreement with prosecutors on building a new tailing dam system, BHP executive Bryan Quinn said in an interview. A BHP spokesman also said by phone that "there is little likelihood" of the disaster-struck mine restarting operations next year even if the company expects to have all of the licenses it needs, confirming statements made by Quinn in a separate interview with newspaper Valor Economico. A new tailing dam system is key to restarting mining operations that have stalled since 2015 when an existing dam burst, releasing a torrent of toxic mud that killed 19 people and left a trail of destruction for hundreds of kilometers.

Seriti's Teke awarded Brigadier Stokes Memorial Award

The Southern African Institute of Mining and Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and his leadership role in society. The platinum medal presented to Teke last week by Seriti's outgoing president Professor Sehliselo Ndlovu is considered the highest honour to be bestowed by the mining and metallurgical sector. The accolade was instituted in 1980 to commemorate Brigadier Ralph Stokes' influence in the South African mining industry.

Unshackled from Barclays, Absa investment bank chases growth

Absa's corporate and investment banking unit is targeting new African markets in a bid to boost earnings and deliver on chief executive officer Maria Ramos' mission to reboot the lender. Following a split from its former parent Barclays, Absa has rebranded its operations in South Africa, reshuffled management and refreshed its strategy with the ambition of doubling its market share in Africa and regaining lost ground at home. For CIB, this means finding opportunities better suited to the group's new identity, unshackled from the London-based lender, the unit's co-CEO Mike Harvey said in an interview.

Mineral Resources Committee shifts focus to mine rehabilitation

The Mineral Resources Committee will be shifting its focus to land rehabilitation after mining has been exhausted. The committee made this statement during an oversight visit to Exxaro's Leeuwpan Mine and the state-owned Africa Exploration Mining and Finance company's Vlakfontein Mine. The committee said it was impressed with Exxaro's concurrent mining and land rehabilitation programme, however, raised serious concerns with Vlakfontein's delayed rehabilitation programme when mining licenses were heavily dependent on rehabilitation programmes.

Are You Planning a Trip to Mars? Why It's Important to Dream Big

When Rotten Tomatoes rates Netflix original movies, it can only go one of two ways Fin24.com | Steinhoff ex-CFO Ben la Grange could be ordered to appear in parliament Elon Musk may be having some very down-to-earth problems at Tesla, but his SpaceX venture shows the value of reaching beyond the ordinary and the proven. To hell with small gains.

KO Challenge named Programme of the Year

Engen Award.JPG Engen's commitment to the development of South Africa's youth has been recognised, with the country's leading petroleum brand* winning the ‘Development Programme of the Year' at the 2018 Sport Industry Awards.  The 2018 Sport Industry Awards were held at the Sandton Convention Centre on Friday, 17 August 2018, to honour achievement across the business of sport, including the most outstanding and innovative work in marketing, PR, advertising, community investment and sponsorship.

NUM downs tools in Orkney

Relations between the National Union of Mineworkers (NUM) and Harmony Gold have taken another hit this week, as workers downed tools on Tuesday. The region which embarked on the protest action was NUM Matlosana, which called Harmony mining bosses uncaring, untransformed and exploitative. Central to this storm is the operation at Vaal Reefs Orkney, which was taken over by Harmony in March 2018.

Rapid Moab integration boosts Harmony Gold's cash flow

JOHANNESBURG (miningweekly.com) - The rapid integration of the Moab Khotsong gold mine into the Harmony Gold group has boosted the company's overall underground gold grade, lifted production, driven down all-in sustaining costs (AISC) and doubled free cash flow. Harmony acquired the deep-level Moab Khotsong mine from AngloGold Ashanti for $300-million on March 1, with the acquisition including the Great Noligwa mine, which presents an opportunity for Harmony to mine shaft pillars, and the Zaaiplaats resource.

Imperial unbundling to be implemented in Q4, says Akoojee

It is anticipated that the unbundling of the Imperial group will be implemented in the fourth quarter of this calendar year, says Imperial acting CE O Mohammed Akoojee . Speaking at the company's annual results announcement in Johannesburg on Tuesday, he said Imperial Holdings would be renamed Imperial Logistics upon the implementation of the unbundling, "because the entity being unbundled is Motus". Motus encompasses all things motoring in the Imperial group, from vehicle sales to aftermarket parts, while Imperial Logistics has a number of local and global supply chain interests.

Women given savvy secrets to success at business breakfast

Women who attended the South Coast Chamber of Commerce women's breakfast were in for a treat. The breakfast, themed ‘increase your bloomability', was held at Zizi's Restaurant at Umdlalo Lodge in Umtentweni recently. ALSO READ :  PICS: Chamber of Commerce hosts business breakfast for women Renowned guest speakers switched it up, sharing health tips, discussing social issues and business matters and celebrating women's month in style.

Business These are two female entrepreneurs to watch in Africa's organic skincare space

Christine Wanjiru is the founder of The products by Ayari Ani Cosmetics are made with the consumer in mind, "We communicate directly with consumers, and more times than most, develop personalized skin-care regimes," Wanjiru told The brand was officially launched in January this year with a team of five people, all of whom are in their early twenties and passionate about the Sustainable Development Goals. Particularly Goal 12 and 17 that border on responsible consumption and production, and partnerships for goals. "Balancing school and work was no easy feat but we managed to hit a sweet spot and developed a team that contributes to the overall mission and vision of the company," Wanjiru said.

Lifestyle Vusi Thembekwayo shares how travel has impacted his winning approach to business By Rea Makhokolo

Vusi Thembekwayo shares how travel has impacted his winning approach to business Print this articl As CEO, director, investor and mentor, Vusi Thembekwayo has continued to cultivate successful businesses and entrepreneurs alike Thembekwayo shared with us how travel has impacted his winning approach to business, his hidden African oasis for savouring some downtime and what entrepreneurs seeking opportunities on the continent should keep in mind as they navigate Africa's diverse and complex nuances. What is a unique, yet powerful characteristic about doing business in Africa? Complexity and ambiguity cannot be avoided when doing business on the continent. Things are not always straight-forward.

WeTransfer wants to rule the business of creativity

SoftBank revs up peer-to-peer car sharing with an investment in Getaround 9 focus-forming habits to lengthen your attention span FiftyThree, one of the best app development studios in the world, has been acquired in WeTransfer's attempt of global creative conquest. WeTransfer, the file-sharing service with 42 million monthly users across the world, has acquired FiftyThree, the studio behind the cultishly popular creative apps Paper and Paste, and the Pencil stylus. The sale price is not being disclosed.

South Africa's composite business indicator up 1.1 percent in June

JOHANNESBURG (Reuters) - The South African Reserve Bank's composite leading business cycle indicator rose 1.1 percent month-on-month in June, helped by improvements in the number of residential building plans and job advertisements, data showed on Tuesday. The indicator collects data including vehicle sales, job advertisements, business confidence and money supply to gauge the outlook for Africa's most industrialised economy.

Creditors to vote on Basil Read business rescue plan in September

Since JSE-listed Basil Read announced its entering into business rescue in June, it has secured R265-million in funding and its business rescue practitioners (BRP) have, this week, published a business rescue plan. The company's appointed BRPs - Siviwe Dongwana and John Lightfoot - believe the construction division of Basil Read can be successfully turned around, with an improvement in cash flow anticipated by the end of a two-year period in which the company will complete construction contracts, for which it will use the R265-million in funding. Upon completing these contracts, the company will be able to pursue any claims it has that are associated with any of the contracts.

Laws of Life - Business Rescue: Is it a better alternative to Liquidation?

How does Business Rescue impact employees, creditors, owners etc? In studio with Garry and team is Adriaan Smuts CA (SA) and Advocate of the High Court of South Africa, along with Caitlin Gottschalk (Bcom LLB), discussing Business Rescue in practical terms. This show is presented in collaboration with LegalTalkSA. Share this: Related.

Business Africa's first waste to energy plant launched in Addis Ababa

In what many have termed as an exciting advancenent, Africa's first waste-to-energy facility was recently launched in Addis Ababa, Ethiopia. The facility, called The construction of Reppie began in 2014 at an estimated cost of $118 million under an agreement signed between Cambridge Industries Limited and the Ethiopian government. The facility, which will be owned by Ethiopian Electric Power Corporation (EEPCo), will generate up to 25 megawatts (MW) of non-fossil-fuel power through a controlled combustion process consuming 1,400 tonnes of waste daily to add to the national electricity grid.

Laws of Life - Business Rescue: Is it a better alternative to Liquidation?

How does Business Rescue impact employees, creditors, owners etc? In studio with Garry and team is Adriaan Smuts CA (SA) and Advocate of the High Court of South Africa, along with Caitlin Gottschalk (Bcom LLB), discussing Business Rescue in practical terms. This show is presented in collaboration with LegalTalkSA.    .

Medtronic beats profit estimate on strength of cardio business

(Compares with estimates, adds shares)Aug 21 (Reuters) - Medical device maker Medtronic Plc posted a better-than-expected quarterly profit on Tuesday, helped by higher sales in its top-selling cardiac and vascular business.Shares of the Dublin-based company rose 4 percent to $93.50 in premarket trading.

Trump's Fed attack sees dollar dive and emerging markets rally

* Dollar falls for fourth day, worst run since March* Greenback weakness boosts EM FX and commodities* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* For a live blog on European stocks, type LIVE/ in an Eikon news window (Adds detail, updates prices.)By Alasdair PalLONDON, Aug 21 (Reuters) - Critical comments by U.

Ex-Steinhoff CFO Ben la Grange could be subpoenaed by Parliament

JOHANNESBURG — Trying to get ex-Steinhoff execs to appear before Parliament to account for the company's collapse seems to be as hard as trying to get the Guptas to appear at inquiries into state capture. Both Markus Jooste and ex-Steinhoff CFO Ben La Grange have now both avoided answering MPs in Parliament. Those MPs are now turning to the law to force these executives to be accountable.

Rapid Moab integration boosts Harmony Gold's cash flow

JOHANNESBURG (miningweekly.com) - The rapid integration of the Moab Khotsong gold mine into the Harmony Gold group has boosted the company's overall underground gold grade, lifted production, driven down all-in sustaining costs (AISC) and doubled free cash flow. Harmony acquired the deep-level Moab Khotsong mine from AngloGold Ashanti for $300-million on March 1, with the acquisition including the Great Noligwa mine, which presents an opportunity for Harmony to mine shaft pillars, and the Zaaiplaats resource.

Decision to subpoena Ben Le Grange welcomed - DA

Party says there is still impression that he is trying his best to dodge a grilling DA welcomes decision to subpoena Ben Le Grange of Steinhoff International Holdings N.V 21 August 2018 The former Chief Financial Officer of Steinhoff International Holdings N.V.

Oil holds steady as sanctions offset concern about demand

Blue Label Telecoms share falls on Cell C's interim results WhatsApp to tackle ‘sinister fake messages' in India By Business Day On 21 August 2018 · Leave a Comment Prices are range-bound as investor worries about the outlook for demand compete with looming sanctions against Iran   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.

BREAKING: Former PPC Cement head announced as new SA SME Fund CEO

Former PPC Cement head Ketso Gordhan was today announced as the new CEO of the  SA SME Fund . The announcement that Gordhan will take the helm of the fund — which has yet to start lending to small businesses two years after it was announced by President Cyril Ramaphosa when he was then deputy president — was made today in a press release by Discovery Health. It follows the resignation in June of Quinton Dicks, after being appointed in January last year.

What killed coal? Technology and cheaper alternatives

Maersk is about to send the first container ship through the Arctic How Brexit could smash the British pound a second time By CNN Money On 21 August 2018 · Leave a Comment President Donald Trump is on a mission to revive America's embattled coal industry by slashing environmental 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.

Metals Stocks: Gold tries to push back above $1,200 with back-to-back gains

Rand extends relief rally as Trump talks down the dollar The stacks of cash needed to buy basic goods tell Venezuela's insane inflation story By MarketWatch On 21 August 2018 · Leave a Comment Gold tried for back-to-back gains with an early advance Tuesday, flicking at the closely watched $1,200 line that some analysts see as a major determinant for gold's near-term fate.   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.

Blue Label Telecoms share falls on Cell C's interim results

EDITOR'S LUNCHBOX: Vytjie Mentor starts spilling ‘Saxonwold shebeen' beans By Business Day On 21 August 2018 · Leave a Comment Cell C's interim results show that net debt excluding leases has fallen nearly R11bn to R7.3bn at the end of June   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.

SE Asia Stocks-Most markets rise on Sino-U.S. trade-talk hopes

* Malaysia rises for third straight session * Singapore falls for ninth straight session * Thai stocks retreat ahead of trade data Aug 21 (Reuters) - Most Southeast Asian stock markets rose on Tuesday on hopes that the United States and China would be able to ease trade hostilities, while U.S. President Donald Trump's comment about the Fed rate hike cycle calmed nerves about foreign fund outflows.

Young woman inspires SA entrepreneurs with small business in a "zo-zo"

ABOUT THE AUTHOR GoodThingsGuy GoodThingsGuy: A personal crusader on a mission to empower through the power of positive thinking. Activation Architect | ... More by GoodThingsGuy > (First published on Good Things Guy) Thaini Masakane's determination and resilience has inspired thousands of people throughout the country… Unemployment stats are extremely high in South Africa but as a group of people, we are more resourceful than most.

FEATURE-Cameroon gaming stars train new generation of business superheroes

YAOUNDE, Aug 21 (Thomson Reuters Foundation) - 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".

City hands over bakery equipment to young women at Business Fair

Durban - eThekwini Municipality Mayor Zandile Gumede, recently handed over new industrial bakery equipment to Vukuyibambe co-operative which is owned by five young women at the North Regional Business Fair held from August 17- 19 at Bridge City Mall. Gumede was moved by the dedication of the young owners who currently use one of their family's kitchen to prepare their orders. "This is the kind of calibre of youth we want to see, youth with a vision.

#WomensMonth: Tough trading environment calls for supply chain innovation

With over a decade of experience in the supply chain industry, Linda Reddy, supply chain director for Nando's IMEA, has played a pivotal role in driving Nando's local supply chain. Linda Reddy, supply chain director for Nando's IMEAIn the midst of an ever-volatile economy, rising unemployment and a highly competitive business environment, Reddy believes that South Africa's fighting spirit is a driving force for better things to come. She believes the region is bursting with possibility and that the key to developing local supply chain is through investing in the potential of South Africa's people; driving win-win partnerships and unlocking innovation, ultimately enabling the country to compete with the global landscape.

Blue Label Shares Tumble on Cell C's Poor Performance

Cell C Head Office (Photo Credit: Global Roofing Solutions) Shares of JSE-listed tech firm Blue Label Telecoms tumble on news that mobile phone operator Cell C is still in the red. Blue Label Telecoms, which is valued at more than R10 billion on the JSE, owns 45% of Cell C. By 11:34 am, Blue Label Telecoms shares were trading 8% lower at R7, 70 a share.

Harmony faces a crunch year as key decisions loom on Wafi-Golpu

The Wafi-Golpu copper/gold project in Papua New Guinea is a "game changer" for Harmony and will deliver for the group in the same way that the highly profitable Mogalakwena mine does for Anglo American Platinum. That's according to Harmony CEO Peter Steenkamp who told analysts and fund managers at a presentation held in Sandton on Tuesday that the current financial year to end-June would be critical for the project. He said the environmental impact statement for Wafi-Golpu had been submitted in June 2018 and the current development timetable targeted the granting of a special mining lease (SML) by June 2019.

Softworx rebrands, integrates into EOH

Modern enterprise applications must deliver business that drive extended best-of-breed solutions. From the core enterprise resource planning (ERP) solutions through supply chain planning to extended warehouse management, asset maintenance, product life cycle management, information management (BI, data warehousing and analytics), and enterprise performance management (financial planning, forecasting, budgeting, consolidation and governance) - every element of operations can be managed to perfection. Globally, Infor provides solutions for every aspect of every business.

Mining giant injects R1-million in sustainable development

For the past five years, tyre specialist contractor Otraco has generously given R200 000 a year to the Mogalakwena incubator's training programmes, and in July this year, finalised the formal cheque handover for 2018. In a partnership with Anglo American Platinum, the company has supported the vision of training Mapela's youth and adults at the  Mogalakwena Complex , a Multi-Purpose Hub. The training centre has focused on creating environmental awareness and training and development in permaculture - agricultural ecosystems which are sustainable and self-sufficient.

The insidious cost of corruption

On the surface, the cost of direct corruption can be calculated, but the true or knock-on effect is both greater than the financial implications and is difficult to calculate. Yet, the manner in which such costs are incurred can be logically demonstrated. Mike Brown, chief executive: Nedbank GroupInvestment - both foreign and local - will suffer when it comes to malfeasance.

AngloGold flips to profit ahead of leadership handover

AngloGold Ashanti swung to a profit and is in "good shape" before its incoming chief takes the helm, according to outgoing Chief Executive Officer Srinivasan Venkatakrishnan. AngloGold's output rose, costs dropped and it reduced net debt in the first six months of the year, the Johannesburg-based company said in a statement Monday. That's a sharp reversal from a year ago, when it posted a first-half loss, dragged down by faltering output and surging costs at its underperforming South African mines.

Implats sees wider loss as it writes down Rustenburg assets

Impala Platinum said its annual loss will widen as the world's second-largest producer of the metal takes a R9.7 billion ($660 million) writedown, mostly on its struggling Rustenburg mining complex. Implats, as the company is known, is shrinking the number of shafts at Rustenburg and said earlier this month it may cut about 13 000 jobs as focus shifts to newer, lower-cost mines.

ICASA identifies three markets to start enquiry on data costs

The Independent Communications Authority of South Africa (ICASA) has published its findings in respect of the inquiry to identify priority data markets that may be prone to regulations in future. This is one of the three-pronged approaches in reducing the high cost of communication. Three broad markets will be prioritised for potential market review: Wholesale fixed access, which includes wholesale supply of asymmetric broadband origination, fixed access services and relevant facilities.

Petronas Chemicals eyeing acquisitions to boost specialty business

By A. Ananthalakshmi and Emily ChowKUALA LUMPUR, Aug 21 (Reuters) - The chemical manufacturing unit of Malaysia's state energy firm Petronas is actively looking to acquire companies to expand its specialty chemical business, its chief executive officer said on Tuesday.Petronas Chemicals Group Bhd is looking to grow aggressively in specialty chemicals, which are raw materials used to manufacture consumer products such as high-performance tyres and LCD televisions.

City hands over bakery equipment to young women at Business Fair

Durban - eThekwini Municipality Mayor Zandile Gumede, recently handed over new industrial bakery equipment to Vukuyibambe co-operative which is owned by five young women at the North Regional Business Fair held from August 17- 19 at Bridge City Mall. Gumede was moved by the dedication of the young owners who currently use one of their family's kitchen to prepare their orders. "This is the kind of calibre of youth we want to see, youth with a vision.

South Africa's composite business indicator up 1.1 percent in June

JOHANNESBURG (Reuters) - The South African Reserve Bank's composite leading business cycle indicator rose 1.1 percent month-on-month in June, helped by improvements in the number of residential building plans and job advertisements, data showed on Tuesday. A man walks past an Isuzu, Opel dealership with car prices on the window in Johannesburg, February 1, 2016.

Fin24.com | Steinhoff ex-CFO Ben la Grange could be ordered to appear in parliament

When Rotten Tomatoes rates Netflix original movies, it can only go one of two ways Term: Federal Funds Rate By fin24.com On 21 August 2018 · Leave a Comment Steinhoff International former chief financial officer Ben la Grange could be legally ordered to appear before a parliamentary committee after declining to attend a scheduled hearing next week.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Public need to move for emergency services

ER24 shares useful tips. THE public plays a vital role on accident scenes as they are often the first people to call for an ambulance or emergency assistance. The public can also provide crucial bystander CPR when a patient is showing no signs of life or is not breathing.

BEE trusts are generally badly run with a lack of quality control measures

While more than 80% of empowerment trusts have been running for more than 10 years, most have yet to set out proper policies and procedures Empowerment trusts created by South African corporations are generally poorly run, research undertaken by Intellidex found. Of the JSE's 100 largest companies, 35 have established black economic empowerment (BEE) foundations or trusts. Intellidex examined 25 of those.

Cell C affirms 2020 listing plans

Jose Dos Santos Cell C is planning a share sale in Johannesburg by the first quarter of 2020 as South Africa's third largest wireless company seeks funds for acquisitions. The exact timing of an initial public offering will depend on market conditions, CEO Jose Dos Santos said in an interview on Tuesday. In the meantime, the carrier is looking at potential fibre-to-home deals to boost its Internet and data services businesses, he said.

DA welcomes parliament decision to subpoena Steinhoff's Le Grange

WATCH: Stock picks — KAP Industrial and Remgro Australia has a lot to lose in the US-China trade war By IoL Business Report On 21 August 2018 · Leave a Comment The Democratic Alliance said it welcomed the decision by the finance committee to subpoena the former CFO of Steinhoff International Ben Le Grange.   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.

Ben la Grange could be subpoenaed to appear before MPs' meeting on Steinhoff collapse

DealBook Briefing: Tesla Supplier? Your Check May Be in the Mail Need to Know: This stock-market sector looks like ‘the clear leader right now' By Business Day On 21 August 2018 · Leave a Comment The meeting was postponed by a week, as Steinhoff representatives are at a court hearing in the Netherlands, and La Grange's lawyer says he can't make the new 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.

Need to Know: This stock-market sector looks like ‘the clear leader right now'

Ben la Grange could be subpoenaed to appear before MPs' meeting on Steinhoff collapse The cost of owning a car has shot up, and fuel is just one of the contributors By MarketWatch On 21 August 2018 · Leave a Comment The Dow is hanging out at its best level in a half-year, and you might be wondering what's gotten into this market. Retail stocks deserve credit for powering the broad market higher, says our call of the day.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Amendment to tax law will inhibit saving, investment body warns

The Association for Savings and Investment SA says proposed changes to the Income Tax Act will undermine policy consistency and encourage withdrawals, among other things An amendment to the Income Tax Act proposed by the Treasury would have a negative effect on saving in SA, the Association for Savings and Investment SA (Asisa) argued in parliament on Tuesday. "It will undermine policy consistency, negatively differentiate SA from collective investment scheme taxation in other jurisdictions, encourage withdrawals in favour of less regulated saving and promote externalisation to foreign collective investment schemes," Asisa deputy chairman Thabo Khojane said in a submission to parliament's finance committee during public hearings on the draft Taxation Laws Amendment Bill. Currently the Income Tax Act does not define what constitutes an amount of a capital nature and the Treasury has proposed an amendment in the draft bill that all gains and losses derived from the disposal of financial instruments within 12 months of their acquisition in collective investment scheme portfolios be deemed to be income of a revenue nature.

Steinhoff hit with R1 million fine for not disclosing ratings downgrade

The Johannesburg Stock Exchange (JSE) has hit Steinhoff with a R1 million fine after it failed to disclose credit downgrades by ratings agency Moody's to its shareholders. In a statement released on Tuesday (21 August), the JSE said that Steinhoff was found to be in breach of the exchange's listings requirements for failing to publish an announcement on SENS in respect of Moody's rating action of 7 December 2017 as well as for the late announcement of Moody's further rating action on 28 December 2017. "According to SIH, it was informed by Moody's of the publication of the rating downgrade on 8 December 2017 at 00h29 (SA time).

The Awards Wrap: Every winner from the Loeries

PR & Media Communication Prize Category Agency country Brand Title Product Entry company Campaign Gold PR & Media Communication Campaign South Africa Nando's #rightmyname PERi-PERi Chicken M&C Saatchi Abel Campaign Gold PR & Media Communication Campaign South Africa Joburg Ballet Breaking Ballet Joburg Ballet TBWA\Hunt Lascaris Johannesburg Campaign Silver PR & Media Communication Campaign South Africa Sanlam 2 Minute Shower Songs 2 Minute Shower Songs King James Group Campaign Silver PR & Media Communication Campaign United Arab Emirates Nissan KSA #SheDrives Institutional TBWA\RAAD Campaign Bronze PR & Media Communication Campaign South Africa Sanlam Uk'shona Kwelanga - the first WhatsApp Drama Series My Choice Funeral Plans King James Group Campaign Bronze PR & Media Communication Campaign South Africa AB InBev Not That Newlands Newlands Spring Brewery King James Group Campaign Bronze PR & Media Communication Campaign South Africa Apartheid Museum Bill of Rights Apartheid Museum Joe Public United Campaign Bronze PR & Media Communication Campaign United Arab Emirates Connect Slow Trends Connect Boundless TBWA\RAAD Live Events, Activations & Sponsorships Gold Live Activations South Africa AB InBev Soccer Song for Change - Activation Carling Black Label Ogilvy Cape Town Silver Live Events United Arab Emirates UN Women Bridal Uniform Child Marriage Impact BBDO Dubai Silver Ambient United Arab Emirates Mars The Hunger Proof Football Experience Snickers Impact BBDO Dubai Silver Ambient Israel Access Israel People Not Symbols Easy Parking Access for Handicapped Leo Burnett Israel Silver Ambient South Africa Apartheid Museum Bill of Rights Apartheid Museum Joe Public United Bronze Live Events South Africa Mercedes-Benz X-Class Launch X-Class WWP Group Bronze Live Events South Africa Absa Give Art Life L'Atelier CULLINAN Bronze Ambient South Africa Insurance driven by the AA While you were out we got in AA insurance House of Brave Bronze Ambient South Africa DARG Domestic Animal Rescue Group Tes

The no nonsense ex-crime reporter turned crisis management consultant

Print Email Janine Lazarus started out at The Citizen as a hardcore crime reporter, then became a radio presenter on Talk Radio 702, hosting a show called The Janine Lazarus Report. But her true passion really lay in giving talks or rather masterclasses, where she could give people the advice they needed and not the advice they wanted. "I get invited to a lot of events to speak about crisis communication, among other things.

DNA Brand Architects announces new appointments to its team of AllStars

First is the appointment of the agency's creative director, Sechaba Kgalala, who will head up the creative output of the agency. Supporting this are three industry professionals who will join strategy, communication and digital marketing. Kgalala has been an extension of the business for over six years, rendering web and graphic design services.

DNA Brand Architects adds marketing muscle to team of AllStars

PRISM medium size PR agency of the year 2018, , is strengthening its team of AllStars to meet the demands of its growing agency. First is the appointment of the agency's creative director who will head up the creative output of the agency. Supporting this are three talented industry gems who will join in strategy, communication and digital marketing.

Defensives drive European shares higher before U.S.-China trade talks

* European stocks edge higher* U.S.-China trade talks set for Wednesday* Defensive sectors lead gains* BHP weighs on miners after full-year results (Recasts, adds quotes and detail, updates prices)LONDON, Aug 21 (Reuters) - A bounce across defensive sectors propelled European shares higher on Tuesday, though trading was cautious before trade talks between the United States and China later in the week.

Shoprite posts surprise drop in annual profit

Shoprite reported a surprise 3.8% fall in annual earnings on Tuesday, citing a currency devaluation in Angola and lacklustre trading in other markets abroad. Africa's biggest grocery store chain reported diluted headline earnings per share of 968.

Steinhoff ex-CFO Ben la Grange could be ordered to appear in parliament

Steinhoff International's [ JSE:SNH ] former chief financial officer Ben La Grange could be legally ordered to appear before a parliamentary committee after declining to attend a scheduled hearing next week. The severity of Steinhoff's accounting crisis and subsequent impact on public-sector pension funds requires La Grange to be held to account, the finance committee said in a statement on Tuesday. It has requested the Speaker's office to issue a subpoena immediately for the former CFO to answer questions at a parliamentary briefing on August 29.

Steinhoff ex-CFO could be ordered to appear in parliament

‘The severity of Steinhoff's accounting crisis and subsequent impact on public-sector pension funds requires La Grange to be held to account', says finance committee. Steinhoff International former Chief Financial Officer Ben La Grange could be legally ordered to appear before a South African parliamentary committee after declining to attend a scheduled hearing next week. The severity of Steinhoff's accounting crisis and subsequent impact on public-sector pension funds requires La Grange to be held to account, the finance committee said in a statement Tuesday.

AngloGold profits from good cost control

AngloGold Ashanti turned around its profit for the six months to end June, on the back of good cost controls and a higher gold price..

Ogilvy wins Loeries 2018 in marathon style

Ogilvy South Africa took home 23 statues from the 2018 Loeries held in Durban, including its eighth Grand Prix in a row. The group's awards tally was led by an exceptional performance from Ogilvy Johannesburg, which claimed the Grand Prix in Film Communication for Kimberly-Clark "The World's First Baby Marathon". Winning work for Ogilvy came from a range of clients including Kimberly-Clark, AB inBev, OMO, Volkswagen, KFC and Vodacom.

China sells diesel to South Africa as refiners seek new export markets

Workers install equipment at a Sinopec underground gas storage facility in Puyang By Meng Meng and Chen AizhuBEIJING (Reuters) - State-run oil company Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business. Sinopec said on Monday it shipped its first 30,000 tonnes of diesel from its Shanghai refinery heading for South Africa.This cargo and another September shipment marked the first batch to South Africa in two years, according to Thomson Reuters Eikon shipping data.

Fin24.com | Fear rules SARS, Nugent inquiry hears

More Americans are guzzling fizzy water WATCH: How AngloGold returned to profit By fin24.com On 21 August 2018 · Leave a Comment A climate of fear has engulfed SARS to the point that some staff members are afraid to come forward to give evidence to the Nugent Commission, it was revealed on Tuesday.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Mark Hulbert: The stock market's latest sell signal has happened only 5 other times since 1895

The favorite Eid gift for Somalia's children: toy guns WATCH: Stock picks — KAP Industrial and Remgro By MarketWatch On 21 August 2018 · Leave a Comment Sound Advice Risk Indicator suggests stocks are overvalued relative to real estate, writes Mark Hulbert.   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.

Meet South Africa's most successful black women in science

Young black women are making their mark in the sciences (despite the personal beliefs of some men). It's August in South Africa, which means a month of celebrating women and all that we are capable of. there are plenty of accomplished young women launching successful careers in male dominated STEM fields, many of them doing so while navigating significant financial obstacles, or raising children, and often lacking professional support.

Cell C tops 16m subscribers, turnaround on track

Cell C's turnaround strategy is bearing fruit despite a challenging environment, the mobile operator said on Tuesday.  In a statement, the company said it had increased its subscriber base by 600 000 to 16.3 million and was on track to continue growing.

BHP declared record dividend as profit hits four-year high

(Bloomberg) -  BHP Billiton Ltd. paid out a record dividend as profits hit a four-year high on stronger prices and confirmed it'll return the bulk of almost $11 billion in asset sales to investors. The world's top miner Tuesday raised its annual dividend 42 percent, including a record final payment, though it said it'll wait to confirm how and when it'll hand back a further windfall from deals agreed last month to sell U.

South Africa's Imperial annual profit rises on acquisitions, sales

JOHANNESBURG (Reuters) - South African transport group Imperial Holdings reported a 27 percent rise in annual earnings on Tuesday, buoyed by acquisitions, higher vehicle sales and a strong performance in its auto dealership business.Imperial, which also has operations in Europe, reported basic headline earnings per share (HEPS) for the full year ending June 30 of 1,570 cents, up from 1,240 cents a year before. Headline EPS, the most widely watched profit gauge in South Africa, strips out certain one-off items.

Rand extends relief rally as Trump talks down the dollar

The rand stretched its relief rally in mid-morning trade on Tuesday, benefiting from a broad retreat in the dollar after US President Donald Trump took aim again at the US Federal Reserve for raising interest rates. The weaker dollar also played out favourably for commodity prices, notably platinum that rebounded from its lowest level since 2008. The price of platinum was up nearly 1% to $801.

Cell C plans IPO by 2020 to fund acquisitions

Cell C is planning a share sale in its home city of Johannesburg by the first quarter of 2020 as South Africa's third-largest wireless company seeks funds for acquisitions. The exact timing of an initial public offering will depend on market conditions, Chief Executive Officer Jose Dos Santos said in an interview Tuesday. In the meantime, the carrier is looking at potential fiber-to-home deals to boost its internet and data-services businesses, he said.

100 edges up as trade talk anxiety boosts defensives

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.1 pct* BHP Billiton falls 1.6 pct after results* HSBC upgrade to "buy" boosts Aggreko up 5 pct* Flat bookings outlook drives Hostelworld down 9 pctBy Helen ReidLONDON, Aug 21 (Reuters) - Britain's top share index inched up on Tuesday as investors looked to U.

City hands over bakery equipment to young women at Business Fair

Durban - eThekwini Municipality Mayor Zandile Gumede, recently handed over new industrial bakery equipment to Vukuyibambe co-operative which is owned by five young women at the North Regional Business Fair held from August 17- 19 at Bridge City Mall. Gumede was moved by the dedication of the young owners who currently use one of their family's kitchen to prepare their orders. "This is the kind of calibre of youth we want to see, youth with a vision.

Swedish healthcare firm Capio to sell French business to Vivalto Sante

STOCKHOLM, Aug 21 (Reuters) - Swedish healthcare company Capio plans to sell its French business to Vivalto Sante in a deal worth up to 455 million euros ($520 million) to focus on its less capital intensive Nordic operations.Capio, which operates in Sweden, Norway, Denmark, France and Germany and had net sales of 15.3 billion crowns ($1.

Unshackled from Barclays, Absa Investment Bank chases growth

Absa will expand its footprint across Africa and lend in sectors such as infrastructure projects, trade and commodity finance. Absa's corporate and investment banking unit is targeting new African markets in a bid to boost earnings and deliver on Chief Executive Officer Maria Ramos' mission to reboot the lender. Following a split from its former parent Barclays, Absa has rebranded its operations in South Africa, reshuffled management and refreshed its strategy with the ambition of doubling its market share in Africa and regaining lost ground at home.

WATCH: Stock picks — KAP Industrial and Remgro

WATCH: How AngloGold returned to profit WATCH: By Business Day On 21 August 2018 · Leave a Comment Nick Crail from Ashburton Investments talks to Business Day TV about KAP Industrial and Rowan Williams from Nitrogen Fund Managers discusses Remgro   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.

DA welcomes parliament decision to subpoena Steinhoff's Le Grange

The Democratic Alliance (DA) said on Tuesday it welcomed the decision by Parliament's finance committee to subpoena the former chief financial officer of Steinhoff International Ben Le Grange to appear before the committee over the company's accounting scandal. Steinhoff is still grappling with the fallout after it admitted to accounting irregularities last December, leading to a heavy sell-off of its shares while chief executive Markus Jooste was forced to step down. The DA said Le Grange had initially given an undertaking to appear before the finance committee in a "spirit of cooperation and transparency".

Mahlatsi Mashile is a rare breed in the South African manufacturing sector

Today, Mashile runs a factory in Selby, Jo'burg. Her company,  Reapso SA , which she founded in 2012 at the age of 25 after quitting her advertising job, produces workwear for different sectors such as construction, hospitality, the healthcare industry, school wear and corporate clothing. It also offers turnkey solutions, producing bespoke tailored garments according to clients' specifications.

Stricter US enforcement of sanctions strangles aid to North Korea

Quote: Helen Rowland WATCH: The year Sasol battled power cuts and a stronger rand By Business Day On 21 August 2018 · Leave a Comment A humanitarian crisis is brewing, as Washington applies strict interpretations of UN sanctions, despite improving relations with Pyongyang   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 R5bn in SA impairments push Harmony deep into the red

5 things to know before the bell WATCH: How AngloGold returned to profit By Business Day On 21 August 2018 · Leave a Comment The miner will close mines in SA in the next five years if the rand gold price does not rise, and is counting heavily on its undeveloped, 50%-owned Wafi-Golpu to be a cash spinner   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.

STEINHOFF INTERNATIONAL FINED R1M!

Steinhoff International has been fined R1 million for keeping the market in the dark. The global retailer also received a public censure from the JSE on Tuesday for failing twice to pass on news of credit ratings cuts to investors. "According to Steinhoff‚ it was informed by Moody's of the publication of the rating downgrade on December 8 2017.

Ben la Grange could be subpoenaed to appear before MPs' meeting on Steinhoff collapse

Parliament's finance committee has decided to ask parliament to issue a subpoena against former Steinhoff CFO Ben la Grange immediately to get him to appear at its meeting on the collapsed global retailer, scheduled for August 29. Parliament is also considering whether to issue a subpoena against former Steinhoff CEO Marcus Jooste. La Grange was willing to appear before the committee at its initially scheduled meeting on Wednesday, but his lawyer has informed the committee that the lawyer is not available for the new date of August 29, and so La Grange will also not appear.

European shares steady ahead of U.S.-China trade talks

(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, Aug 21 (Reuters) - European shares steadied in early trading on Tuesday as caution settled in before trade talks between the United States and China later in the week, though a weaker dollar boosted shares in international earners and commodities sectors.The pan-European STOXX 600 index was flat in percentage terms by 0723 GMT. Germany's DAX rose 0.

Implats to report record loss on plan to cut mines

STREET DOGS: The Simpsons MATTHEW BUCKLAND: Jakarta shows how to think outside the Silicon Valley box By Business Day On 21 August 2018 · Leave a Comment Plan adds to the woes of SA's mining sector, which is haemorrhaging jobs in the platinum and gold sectors   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.

Pharmaceutical makers push for extra price rise

COMPANY COMMENT: Exit of AngloGold chief will reverberate in SA SARS investigators come under scrutiny By Business Day On 21 August 2018 · Leave a Comment Falling value of rand squeezes manufacturers' profit margins on imported ingredients   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.

COMPANY COMMENT: Exit of AngloGold chief will reverberate in SA

Luc Eymael in hot water over interview snub Pharmaceutical makers push for extra price rise By Business Day On 21 August 2018 · Leave a Comment The unassuming CEO of the world's third-largest gold miner was an important player behind the scenes   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.

BHP Billiton likely to drag JSE down

Shoprite posts surprise drop in FY profit Fin24.com | SARS inquiry resumes with three senior officials set to give evidence By Business Day On 21 August 2018 · Leave a Comment The world's largest miner raised its final dividend by 47% but this failed to impress investors, while a dip for Tencent could drag Naspers down too   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.

Shoprite says turnover up 3.1% in year to July

JSE fines Steinhoff for keeping market in the dark on Moody's rating cuts Gold extends gains into a third session as dollar sags By IoL Business Report On 21 August 2018 · Leave a Comment Supermarket group Shoprite said on Tuesday its turnover increased by 3.1 percent to R145.3 billion in the 12 months to July.

JSE fines Steinhoff for keeping market in the dark on Moody's rating cuts

Harmony Gold says achieves production guidance for third straight year Shoprite says turnover up 3.1% in year to July By Business Day On 21 August 2018 · Leave a Comment The furniture retailer in the midst of an accounting scandal twice failed to pass the bad news on to investors as required by the JSE's listing rules   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.

Harmony Gold says achieves production guidance for third straight year

R114m substation will see Atlantis energy double JSE fines Steinhoff for keeping market in the dark on Moody's rating cuts By IoL Business Report On 21 August 2018 · Leave a Comment Harmony Gold said on Tuesday it achieved production guidance for the third consecutive time in the year to June 30.   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.

London Markets: FTSE 100 struggles, held back by drop in BHP

Dollar's losing streak stretches to five after Trump complaints about Fed Futuregrowth denies calling for Transnet to axe Siyabonga Gama By MarketWatch On 21 August 2018 · Leave a Comment Shares in BHP Billiton fell as investors focused on the details of the miner's earnings.   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.

FTSE-100 edges up as trade talk anxiety boosts defensives

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.1 pct * BHP Billiton falls 1.6 pct after results * HSBC upgrade to "buy" boosts Aggreko up 5 pct * Flat bookings outlook drives Hostelworld down 9 pct By Helen Reid LONDON, Aug 21 (Reuters) - Britain's top share index inched up on Tuesday as investors looked to U.

Asia Markets: Asian stocks mixed; Nikkei down slightly as dollar sags

The Wall Street Journal: Australia's prime minister fends off challenge to his leadership The US is axing an Obama-era coal pollution rule that is key to its climate change effort By MarketWatch On 21 August 2018 · Leave a Comment Asian markets were mixed in early trading Tuesday, as Chinese stocks largely rose while Japanese and Australian indexes slipped   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.

Oil prices are mixed as US fuel markets tighten while trade dispute weighs on Brent

The rand climbs as dollar hit by Trump Fed comments R114m substation will see Atlantis energy double By Business Day On 21 August 2018 · Leave a Comment West Texas Intermediate edges up, but Brent is slightly weaker as market sentiment remains cautious over demand outlook   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.

London Markets: FTSE 100 struggles, held back by drop in BHP

Dollar's losing streak stretches to five after Trump complaints about Fed Futuregrowth denies calling for Transnet to axe Siyabonga Gama By MarketWatch On 21 August 2018 · Leave a Comment Shares in BHP Billiton fell as investors focused on the details of the miner's earnings.   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: European markets flat, but BHP falls after results

Futuregrowth denies calling for Transnet to axe Siyabonga Gama Trump fed up with Fed chairman Jerome Powell over interest rate hike By MarketWatch On 21 August 2018 · Leave a Comment European stocks were little changed on Tuesday, with equities lacking catalysts to push shares decisively higher in either direction as investors looked ahead to highly anticipated comments from the U.S. Federal Reserve, which could provide insight into what monetary policy will look like over the coming months.

GLOBAL MARKETS-Trump's Fed attack sees dollar dive and stocks struggle

* Dollar falls for fourth day, worst run since March * European stocks lower with FTSE underperforming * Dollar weakness boosts EM FX and commodities * Graphic: World FX rates in 2017 tmsnrt.rs/2egbfVh * For a live blog on European stocks, type LIVE/ in an Eikon news window LONDON, Aug 21 (Reuters) - Critical comments by U.S.

Emerging markets: who's taking the biggest hits and why?

Donald Trump's trade tariffs are causing tremors in global markets. Emerging economies from Turkey to China are finding it more expensive to export to the US. Investors who put their money in safe havens after the 2012 Greek crisis are nervous again.

Vote for Will.I.Am today!

Vote for Will.I.Am today! August 20, 2018 Tim laureus, sports awards, william Vote for Will.

The three players that control South Africa's private healthcare system

South Africa's competition authorities who ensure that companies are playing according to the Competition Act's rules may not be able to step in on the issue of the county's private healthcare sector's concentrated market. In a recent inquiry published by the Competition Commission of South Africa (CCSA), it was revealed that there are three major players who basically own South Africa's private healthcare sector. Moreover, it was discovered that all three of these companies share a common ownership In other instances, this would be deemed as a contravention of the Competition Act, which promotes free-market share and fair competition but only in the case where there are signs of collusion and abuse of dominance.

Global Overview of International Knowledge Support across the Infrastructure Project Cycle

In Brisbane in 2014 the G20 outlined the importance of infrastructure creation as a primary lever for fuelling global growth and improving living standards. This was the first time that a vision of infrastructure as a driver of global productivity and growth was given a significant voice. This view of infrastructure as a global, not national, challenge is important as it allows countries to look at the broader benefits created by unlocking growth in other countries, rather than focusing on any potential detriment to their own.

BHP suffers outage at Olympic dam copper smelter

MELBOURNE - Global miner BHP Billiton said it was assessing the impact of an ongoing outage at its Olympic dam copper smelter in South Australia, as it released its annual results on Tuesday. The outage followed the failure of several boiler tubes at the acid plant, it said without offering an expected timeline for operations to resume. "Remediation and mitigation activities are underway, and underground mining operations continue as normal," it said in its full-year earnings release.

Passion is fundamental to building a career you love…and so is happiness

"I don't think that students, or even many seasoned professionals and grownups for that matter, realise that the golden thread running through any career is a passion for what you do. For me being passionate about what you do is fundamental. Waking up and being so excited that you're chomping at the bit to get down and dirty with whatever the day may hold.

BHP CEO says top miner can reward investors and fund growth

The mining company has nine major projects already underway. BHP Billiton will target higher oil output and can accelerate development of growth projects in other key commodities after using stronger profits to cut debt and reward investors. The world's biggest miner has nine major projects underway and is spending almost $1 billion (R14.

Cell C narrows losses, Ebitda rises in H1

Mobile operator Cell C has posted a 16% increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R2.4-billion, as its net loss after tax narrowed by 33% to R645-million for the first half of this year, from a net loss of R968-million in the comparative period last year. In a presentation released by 49%-owner JSE-listed Blue Label Telecoms on Tuesday, Cell C showed a year-on-year rise of 5% in revenue to R7.

Cell C reports R645-million loss, but performance improves

Cell C has reduced its net loss after tax in the first half of the 2018 financial year by 33% to R645-million on the back of an 11% improvement in service revenue to R6.9-billion. Total revenue rose 5% to R7.

Cell C reveals Black customer numbers

About 2.5 million people have browsed through the Black catalogue to date, Cell C said of its video entertainment platform on Tuesday alongside its half-year results to 30 June 2018. Black, which was launched in November 2017, has 260 000 customers on a free trial, with 60 000 transactions completed to date, the mobile operator said.

Blue Label shares tank on Cell C results

Shares in Blue Label Telecoms, which owns 45% of Cell C, fell by more than 7% on Tuesday morning after the mobile operator reported half-year results to 30 June 2018 that showed a net loss after tax of R645-million. Blue Label fell to R7.75/share shortly after 10am in Johannesburg, a decline of 7.

Resist the reflex to cut back in tough economic times

- 10:02 Business leaders face a daunting task going into the third quarter, with signs that the economy is not recovering, along with a weaker currency and less favourable outlooks on emerging markets. Instead of burying their heads in the sand, they can choose to arm themselves with the skills and attitudes to survive and thrive, says a UCT GSB academic. The latest economic data paints a grim picture for local businesses with the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index dipping yet again to 93.

JSE opens weaker in choppy trade as Trump questions Fed's actions

The JSE opened weaker on Tuesday in cautious trade as the US appeared set on implementing higher tariffs against China, while President Donald Trump has questioned further interest-rate hikes by the US Federal Reserve. The market digested a slew of company results, including BHP, Imperial Holdings, Harmony and Shoprite. The dollar weakened in response to Trump's comments, with the euro firming to $1.

The Launch of New Market Access Platform

A Market Access Platform (MAP) that aims to create a win-win relationship between high performing, black-owned suppliers and cross-industry buying organisations Macsteel is partnering in a pilot supplier development programme, Market Access Platform (MAP). It responds to an existing challenge across many corporate supply chains. It has the aim of creating a win-win relationship between high performing, black-owned suppliers and cross-industry buying organisations.

Yebo yes to BEE shares: RMB helps structure R16.4bn Vodacom deal

Vodacom inks largest BEE transaction yet in SA's ICT sector More than 85,000 black investors and about 8,500 current and past employees will soon reap the benefits of Vodacom's recent R16.4bn broad-based black economic empowerment (BEE) transaction. This BEE transaction (which remains subject to regulatory approval) by South Africa's biggest mobile operator will be the largest in the information and communication technology (ICT) sector in South Africa to date.

The JSE says Steinhoff screwed over investors - so it must pay a R1 million fine

Steinhoff Investment Holdings twice failed to announce ratings downgrades, the JSE said on Tuesday morning, breaching its listing requirements. As a result it has been publicly censured - and fined R1 million. Even after a massive collapse, that part of the Steinhoff network of companies is worth R660 million.

Enterprise resource solutions company rebrands

Softworx has been Infor's Master Partner in Africa since 2014. While Softworx has effectively represented Infor in Africa, Infor seeks to increase market share from 1% to 5% by 2020, and is re-energising its channel partner programme across the IMEA Region. The strategic decision has been made to rebrand Softworx as EOH Infor Services, effective 1 August 2018.

Harmony enters 1.5m oz gold production realm

JOHANNESBURG (miningweekly.com) - The growth aspiration of Harmony Gold to produce at a rate of 1.5-million ounces of gold a year is within a hair's breadth of becoming a foregone conclusion as production at Hidden Valley in Papua New Guinea and Moab Khotsong in South Africa click in optimally during the current financial year.

Harmony enters 1.5m oz gold production realm

JOHANNESBURG (miningweekly.com) - The growth aspiration of Harmony Gold to produce at a rate of 1.5-million ounces of gold a year is within a hair's breadth of becoming a foregone conclusion as production at Hidden Valley in Papua New Guinea and Moab Khotsong in South Africa click in optimally during the current financial year.

South Africa's Imperial annual profit rises on acquisitions, sales

JOHANNESBURG (Reuters) - South African transport group Imperial Holdings reported a 27 percent rise in annual earnings on Tuesday, buoyed by acquisitions, higher vehicle sales and a strong performance in its auto dealership business. Imperial, which also has operations in Europe, reported basic headline earnings per share (HEPS) for the full year ending June 30 of 1,570 cents, up from 1,240 cents a year before. Headline EPS, the most widely watched profit gauge in South Africa, strips out certain one-off items.

Imperial annual profit rises on acquisitions

Full year sales rose by 11% Transport group Imperial Holdings reported a 27% rise in annual earnings on Tuesday, buoyed by acquisitions, higher vehicle sales and a strong performance in its auto dealership business. Imperial, which also has operations in Europe, reported basic headline earnings per share (HEPS) for the full year ending June 30 of 1 570 cents, up from 1 240 cents a year before. Headline EPS, the most widely watched profit gauge in South Full-year Imperial sales rose 11% to R128.

Cell C Is Losing Data Users, Mobile Subscriber Growth Slows

Cell C Head Office (Photo Credit: archibuild.businesscatalyst.com) Cell C has published its first-half financial results to June 30, revealing a decline in data customers as competition intensifies in the South African market.

Cell C adds 600,000 subscribers to climb to 16.3 million

Mobile operator Cell C has narrowed its losses in the first half of the year, according to the group's results, published by Blue Label Telecoms on Tuesday. The group reported an 11% jump in service revenue to R6.86 billion for the period ended June 2018, from R6.

WATCH: Stock picks — KAP Industrial and Remgro

Nick Crail from Ashburton Investments chose KAP Industrial as his stock pick of the day and Rowan Williams from Nitrogen Fund Managers chose Remgro. Crail said that KAP is not the most exciting share. "KAP Industrials is another one that has had certain Steinhoff overhanging issues over the last year.

More than R5bn in SA impairments push Harmony deep ...

Harmony took hefty impairments against the bulk of its South African mines, pushing the company deep into an annual loss as its net debt grew substantially as a result of two key growth investments. Harmony, which has mines in SA and Papua New Guinea, is counting heavily on its undeveloped, 50%-owned Wafi-Golpu copper and gold deposit — known as a porphyry — in Papua New Guinea to be a cash spinner for the company in the future, as it faces closure of old mines in SA within the next five years. Harmony was no longer "actively hunting" further assets, CEO Peter Steenkamp said, pointing to a range of internal growth opportunities the company is exploring, as well as the company-changing potential of the undeveloped Wafi-Golpu project it shares with Australia's largest gold miner, Newcrest Mining.

SA retailers get to grips with Namibia charter

SA retailers supplying products to Namibia have to abide by that country's retail charter, which aims to control access to the local market to allow for the development of local suppliers.   The Spar Group is among those finding it challenging to operate in Namibia because local supplies are not always readily available. The retail charter was introduced by the Namibian government in 2016 to promote increased procurement of locally grown and manufactured goods.

Global miners battle to keep on their strict spending diets

Going on a crash diet seems great while you're shedding the pounds. The problem is sticking with it for the long term. That's what seems to be happening to the world's miners, which have spent the years since the commodity boom peaked in 2011 holding down salaries, eking out efficiencies and extracting the highest-quality parts of their deposits to keep costs in line with deflating prices.

Weathering the storm

Last week, everything seemed to be going wrong. It started early on Monday morning with the rand briefly spiking above R15 to the dollar in thin Asian trade as the Turkish crisis deepened. The rest of the week was hardly less volatile, with the local currency closing at R14.

Project Joy needs your help

"MY dream is to see our pre-school in a suitable building with a proper structure and with facilities to develop a child holistically," explained Bonisiwe Gwala, principal and owner of Entokozweni Pre-School. Entokozweni means "Abundant Joy" in isiZulu, however the pre-school's current situation doesn't lend much joy to concerned teachers and community members. The school, located just five minutes from the iThemba Campus in Hillcrest, is in an existing church building which is cramped, dark and has poor ventilation.

Sasol hit by a confluence of once-off items

Results for the year were disappointing. Petrochemical company Sasol has reported worse than expected results for the year to June. While the higher dollar price for oil was a benefit, this was offset by a stronger rand and hedging losses mainly due to oil put options.

After the Bitcoin boom - the people who lost their shirts

When Bitcoin was in bubble territory at the beginning of the year, we at Biznews made a bit of a cottage industry of pointing out that booms are usually followed by busts (as did plenty of other publications). But the whole point of irrational exuberance is that it is, well, irrational and despite all the warnings out there, Bitcoin found plenty of investors during the bubble months from September to February. On Monday, The New York Times profiled some of the hopefuls   who invested in Bitcoin when it was on the up and up and have since been left nursing their losses.

BHP Billiton likely to drag JSE down

Miner BHP Billiton fell 1.7% to A$32.61 in Sydney ahead of the JSE's opening on Tuesday morning, contributing to the ASX 200 index dropping 1% to 6,282 points.

SA retailers get to grips with Namibia charter

SA retailers supplying products to Namibia have to abide by that country's retail charter, which aims to control access to the local market to allow for the development of local suppliers. The Spar Group is among those finding it challenging to operate in Namibia because local supplies are not always readily available. The retail charter was introduced by the Namibian government in 2016 to promote increased procurement of locally grown and manufactured goods.

Yebo yes to BEE shares!

*Rand Merchant Bank (RMB) is a leading African Corporate and Investment Bank and a division of FirstRand Bank Limited. More than 85,000 black investors and approximately 8,500 current and past employees will soon reap the benefits of Vodacom - South Africa's biggest mobile operator's recent R16.4 billion Broad-based Black Economic Empowerment (BEE) transaction.

Cell C posts R645m net loss, grows subscriber base

SA's third biggest mobile operator, Cell C, has reported a net loss of R645 million, an improvement of 33% compared to R968 million in the previous year. The mobile operator today released its interim results for the period ended 30 June, which it says signals "how SA's third largest telecommunications service provider is on track to deliver substantial growth through its strategic initiatives". "Following the measures put in place as part of our turnaround strategy, we are seeing both a satisfactory financial performance to date and increased value offering for our customers," says Cell C CEO Jose Dos Santos.

Your six step guide to securing your business digitally

In the Global Economic Crime and Fraud Survey 2018 South Africa published by PwC, 26 percent of respondents said that cybercrime will be the most disruptive economic crime to affect organisations over the next 48 months. This is bad news for local businesses, especially smaller SMEs. "Our claims data and global research is showing that cyberattacks directed at SMEs are steadily increasing.

From Africa to Miami: The In Demand Luxury Business of Felio Siby

Staff Writer: Jeannette Ceja, Luxuria Lifestyle Florida Hailing from Gabon, Dominique Siby continues to make international headlines for his ever-growing fashion empire Felio Siby. Recently, The Luxury Network Miami member Felio Siby has landed exclusive deals with Formula One race team Sahara Force India and a Brand Partnership with renowned tennis player Tomas Berdych. Felio Siby kicked off the holiday season with his first annual "Black Christmas" event that was held at the Bay Harbour store over the weekend.

Implats to report record loss on plan to cut mines

Impala Platinum (Implats) will report a record annual loss of up to R11.7bn as it writes off the value of its Rustenburg mines — where it is starting extensive restructuring — by R9.7bn.

AngloGold ‘has the right man for top job'

The AngloGold Ashanti Kelvin Dushnisky will lead is a very different company to the one Srinivasan Venkatakrishnan headed as CEO, and the challenges facing him are mainly in Africa, which is the company's largest source of gold. Dushnisky, a Canadian who joins AngloGold as CEO in September, leaving his role as Barrick Gold president, comes to a firm that has turned to an interim profit, has rising output and has cut its South African contribution to just 10% of the group's annual gold output. Under the five-year stewardship of Venkatakrishnan, who joined AngloGold in 2004 when the company bought Ghana-focused Ashanti Goldfields in 2004, a crippling 12m oz hedge book was removed, costs were cut, assets were sold, South African mines closed or shut, and its debt burden brought down to manageable levels — all without resorting to asking shareholders to inject capital.

BHP says it is "a little more apprehensive" on short-term commodity prices

MELBOURNE, Aug 21 (Reuters) - Top global miner BHP Billiton is a little nervous about the near-term outlook for commodity prices, its chief executive said on Tuesday."We've said ... that we're a little bit more apprehensive about the short-term, but longer term, we still see a lot of strong demand for our products," Chief Executive Andrew Mackenzie told reporters after the company reported a 33 percent rise in annual profit.

BHP says it is "a little more apprehensive" on short-term commodity prices

MELBOURNE, Aug 21 (Reuters) - Top global miner BHP Billiton is a little nervous about the near-term outlook for commodity prices, its chief executive said on Tuesday. "We've said ... that we're a little bit more apprehensive about the short-term, but longer term, we still see a lot of strong demand for our products," Chief Executive Andrew Mackenzie told reporters after the company reported a 33 percent rise in annual profit.

GLOBAL MARKETS-Asia stocks capped, dollar droops following Trump comments

* MSCI Asia-Pacific index up 0.02 pct, Nikkei down 0.6 pct * Trump accuses China, Europe of manipulating their currencies * Trump also reiterates displeasure at Fed's rate hikes * Dollar/yen slips to near 3-mth low, US yields brush 6-wk trough By Shinichi Saoshiro TOKYO, Aug 21 (Reuters) - Asian stocks were capped and the dollar dipped on Tuesday after U.

Imperial preference shareholders get short deal

Perhaps they should count themselves lucky. Investors in Imperial Holdings' preference shares were dealt a blow recently with the news that the JSE-listed motor vehicle and logistics player plans to buy out all of its preference shares. The buyout is not at the issue price of the shares.

Market Extra: Here's how the Jackson Hole gathering may influence the dollar, bonds and emerging markets

The Wall Street Journal: Some Tesla suppliers now worry about getting paid New Nvidia gaming cards include AI, real-time ray tracing By MarketWatch On 20 August 2018 · Leave a Comment Market participants say Powell's remarks the Jackson Hole symposium could affect assets across the board   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.

Deep Dive: Ignore ‘multidecade growth' companies in emerging markets at your own peril

Lannett stock suffers biggest one-day selloff in 25 years after loss of key customer Latinos And (Crazy Rich) Asian Americans Are Hollywood's Final Growth Frontier By MarketWatch On 20 August 2018 · Leave a Comment Motley Fool fund manager Tony Arsta looks way beyond the short-term disruptions that are dominating the news.   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.

PE Business in the news: New sponsor, owners for Kings

: Promote your business on BuyPE and MyPR. New sponsor, owners for Kings: Port Elizabeth - A new era dawns for the Southern Kings with the … Isuzu Motors South Africa would be partnering with a consortium of predominantly black business people to sponsor them for a three- … Source: "Port Elizabeth" business - BingNews. Erna […] - MyPE News NASA Astronaut to Land in Port Elizabeth in September : Following the sold-out, three-city 2017 tour, former NASA astronaut Dr Don Thomas will be returning to South Africa, for the Living Maths Space Tour 2018, from 16 to 27 September.

Does Michael Cohen's Taxi Business Pose Trouble for Donald Trump?

By The New Yorker Business On 20 August 2018 · Leave a Comment Amy Davidson Sorkin writes about recent reports that federal prosecutors are investigating loans obtained by taxi businesses owned by Michael Cohen and his family, and how they may affect Donald Trump. Read the full article here. This content was originally published by The New Yorker Business.

Venezuela business group decries Maduro measures as improvised and risky

CARACAS, Aug 20 (Reuters) - Venezuela's main business group said on Monday that socialist President Nicolas Maduro's raft of economic measures, which include a 96 percent devaluation, are not well-planned and could cause severe harm to the crisis-wrought OPEC member. (Reporting by Corina Pons Writing by Alexandra Ulmer, Editing by Rosalba O'Brien) 2018-08-20 19.

Tesla stock battered afresh as JP Morgan slashes price target

Google Ads - Coming Soon to Billboard Near You? Implats flags wider full-year loss By MarketWatch On 20 August 2018 · Leave a Comment Tesla Inc. shares slid 3.4% early Monday to extend their recent losses, after JP Morgan slashed its stock price target to $195 from $308, putting it back where it stood on Aug.

Fin24.com | Tesla keeps sliding on doubts Musk has the money to go private

Central bankers have many issues to keep them busy at Jackson Hole meeting Crude starts week steady as Iran supply cuts soften global slowdown fears By fin24.com On 20 August 2018 · Leave a Comment Tesla has plunged further on Elon Musk's acknowledgment of the hurdles standing in the way of his effort to take the company private.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Fin24.com | Transnet CEO fights for his job as suspension looms

Sasol reviewing refinery upgrade, sale due to cleaner fuel law Fin24.com | Popo Molefe waiting on ‘proper response' from Transnet head Siyabonga Gama about suspension By fin24.com On 20 August 2018 · Leave a Comment Transnet CEO Siyabonga Gama sent a letter to the chair of the state-owned port and rail operator in a bid to fight for his job.

Ignore the drama at Tesla and focus on the stock's price zones to make money

Implats flags wider full-year loss PepsiCo to Buy SodaStream for $3.2 Billion, in Push for Healthier Options By MarketWatch On 20 August 2018 · Leave a Comment Tesla's stock can move in a wide range in a short time, enabling investors to trade around price zones, says Nigam Arora.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

From Listing Skills To Leveraging Stories: How To Show, Not Tell, Your Value

Fin24.com | Popo Molefe waiting on ‘proper response' from Transnet head Siyabonga Gama about suspension Life still financially riskier for same-sex couples By Forbes Magazine On 20 August 2018 · Leave a Comment When interviewing, you must consider what you bring to the table. But listing your skills isn't enough.

Central bankers have many issues to keep them busy at Jackson Hole meeting

What Happened When I Decided to Create the Perfect Home Office Fin24.com | Tesla keeps sliding on doubts Musk has the money to go private By Business Day On 20 August 2018 · Leave a Comment Investors will be looking for clarity on several issues, from the likely path of interest rates and balance sheet policy to the Fed chair's take on emerging-market turmoil   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.

Overseas tourists to SA still below 2013 levels

John Brennan's Choice to Confront Trump Do You Experience Micro-Inequities at Work? Here's How to Combat Them By IoL Business Report On 20 August 2018 · Leave a Comment India overtook China as the leading BRIC source country in 2014 even though India is also not a visa-exempt country.   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.

Guild sees a platinum jewellery sales rebound

Nearly 200 former CIA agents, Navy officers, ambassadors, and DOJ officials condemn Trump's Brennan action How to Help Your Spouse Cope with Work Stress By IoL Business Report On 20 August 2018 · Leave a Comment The platinum industry would not be feeling much "love" and be in a worse situation than currently had it not had the foresight 43 years 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.

Uber says transport act changes will be unfair to drivers without permits

Indra Nooyi's last act as CEO is to lead Pepsi into new, sparkling waters Asia Argento has not wrecked the movement she helped create By Business Day On 20 August 2018 · Leave a Comment The company is concerned about the delays that its drivers face in getting permits from the local authority   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.

Famous Brands' GBK acquisition sees mounting losses

Catholics skip the collection plate amid ‘moral catastrophe' of sex abuse cover-up What happened when we took a week off of Slack By IoL Business Report On 20 August 2018 · Leave a Comment GBK is "the septic wart on the overall business and should be cut out," said Anthony Clark, an analyst at Vunani Securities.   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.

Rand regains lost ground against dollar but remains fragile

Talking About Your Failures Will Make Coworkers Like You More, According to Harvard Research Rich people get richer because they earn lower returns in the stock market By Business Day On 20 August 2018 · Leave a Comment The local currency is being supported by marginal gains made by the euro ahead of the release of US Fed minutes and the central bankers' gathering at Jackson Hole   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.

Fin24.com | JSE tracks higher as US-China trade talks lift global markets

This 3D printing rocket start-up just hired a legendary SpaceX executive What happens if you die with no IRA beneficiary? You probably don't want to find out By fin24.com On 20 August 2018 · Leave a Comment All the major indices on the JSE closed firmer on Monday, as the local bourse tracked higher on optimism over the US-China trade talks.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

In One Chart: Higher highs are on the way, according to this hedge-fund manager's checklist

What happens if you die with no IRA beneficiary? You probably don't want to find out Fin24.com | Top 5 on Fin24: Popo Molefe waiting on ‘proper response' from Transnet's Gama, SA's new energy plan is imminent By MarketWatch On 20 August 2018 · Leave a Comment Steve Einhorn has helped investing legend Leon Cooperman deliver market-trouncing returns in his multibillion-dollar Omega Advisors hedge fund for nearly 20 years, and part of the duo's successful approach involves heeding a bear-market checklist. So what's it telling them now?   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

What happens if you die with no IRA beneficiary? You probably don't want to find out

Fin24.com | JSE tracks higher as US-China trade talks lift global markets In One Chart: Higher highs are on the way, according to this hedge-fund manager's checklist By MarketWatch On 20 August 2018 · Leave a Comment Having the estate inherit IRA assets usually results in the worst outcomes   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 | Uber says its SA drivers will be ‘at risk' if transport law amendments pass

7 Ways to Make Time for Your Team as a Busy Manager A Youth Group Says It Was On Time For an American Airlines Flight, But Was Denied Boarding. The Question is Why By fin24.com On 20 August 2018 · Leave a Comment The SA arm of Uber has raised concerns over proposed amendments to the National Land Transport Act, which include fines and imprisonment for operating e-hailing services without proper licenses.

Wall Street is heading for its longest bull run since World War 2

Zambia to tax internet calls to protect telecoms firms The Fed: Trump ramps up criticism of Fed chief Powell's interest-rate policy: reports By Business Day On 20 August 2018 · Leave a Comment The current bull market, which began in 2009, got a major boost when Trump pushed through tax cuts for corporates in 2017 and shows no signs of abating   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.

Fin24.com | Elon Musk says changing his way of working is not an option

German prosecutors ‘refuse to share dieselgate documents with France' Zambia to tax internet calls to protect telecoms firms By fin24.com On 20 August 2018 · Leave a Comment Elon Musk sees no option but to keep working at his current relentless pace, no matter the deepening concerns of board members and investors about his health and stability.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Swiss startup that filters plastics out of water is eyeing U.S. and China markets

Turkey takes complaint about US steel and aluminium duties to WTO Volkswagen to recall 700,000 SUVs over short-circuit risk By MarketWatch On 20 August 2018 · Leave a Comment A Swiss startup that sells a high-tech filter that removes pathogens from water, including plastic particles, is up and running almost a year after a crowdfunding campaign that helped it raise the funds needed to launch a product for home use.   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: Why this bull market may have miles to go before it sleeps

The Number One: Beat it, Michael: ‘Thriller' just gave up its title of best-selling album of all time Parts of Kampala closed off as Ugandans protest against popstar politician's arrest By MarketWatch On 20 August 2018 · Leave a Comment The bull market on stocks is on the verge of setting a record for longevity, but may have much further to run, say technical analysts.   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 pushes higher as Naspers bounces back

Farfetch, Online Retailer, to Go Public as Luxury E-Commerce Grows Cautious optimism about US-China trade talks lifts shares By Business Day On 20 August 2018 · Leave a Comment Naspers gains as associate Tencent rebounds sharply from last week's losses, while global equities benefit from hopes of a resolution to the US-China trade conflict   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.

Fin24.com | JSE tracks higher as US-China trade talks lift global markets

This 3D printing rocket start-up just hired a legendary SpaceX executive What happens if you die with no IRA beneficiary? You probably don't want to find out By fin24.com On 20 August 2018 · Leave a Comment All the major indices on the JSE closed firmer on Monday, as the local bourse tracked higher on optimism over the US-China trade talks.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Swiss startup that filters plastics out of water is eyeing U.S. and China markets

Turkey takes complaint about US steel and aluminium duties to WTO Volkswagen to recall 700,000 SUVs over short-circuit risk By MarketWatch On 20 August 2018 · Leave a Comment A Swiss startup that sells a high-tech filter that removes pathogens from water, including plastic particles, is up and running almost a year after a crowdfunding campaign that helped it raise the funds needed to launch a product for home use.   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.

Longer and longer airport passport queues kill business travel bug - Economist

EDINBURGH — In a past job, I spent at least one day a week flying between Edinburgh and London, where most of the company's clients were based. Like the many hundreds doing the same regular business trip - cheaper than train transport between Scotland's capital and The City - that meant getting up at 3.30am, heading out of the door by 4.

Farfetch targets New York listing as luxury web sales thrive

* Says plans initial public offering by end of the year* China's JD.com to buy more shares, Farfetch says* Farfetch revenue rose by 59 pct last year* Company has yet to turn a profit (Adds detail)Aug 20 (Reuters) - Online fashion retailer Farfetch aims to float on the New York Stock Exchange by the end of the year, the London-based company said on Monday, seeking to capitalise on rapid growth in luxury sales on the web.Competition to capture online shoppers has picked up among premium brands in recent years, pitting conglomerates such as Louis Vuitton owner LVMH against independent operators as some scramble to make up for a slow move into e-commerce.

City empowers emerging cooperatives at the north regional business fair

EThekwini Municipality reaffirmed its commitment to uplift and empower both the youth and the small business sector which is one of the pillars essential to growing the economy of the City. This was confirmed at the recent North Regional Business Fair held from 17- 19 August at Bridge City Mall where eThekwini Mayor Zandile Gumede handed over brand new industrial bakery equipment to Vukuyibambe co-operative which is owned by five young females. Mayor Gumede was moved by the dedication of the young owners who currently use one of their family's kitchen to prepare their orders.

StanChart sells principal finance business to Actis and ICG

* StanC completes Asia sale to Actis* Bank in talks to sell rest of business to ICG* Sale is part of strategy to refocus on core business (Recasts, adds more details, Actis comment)By Lawrence WhiteLONDON, Aug 20 (Reuters) - Standard Chartered is in talks to sell its private equity business to Intermediate Capital Group (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of its 'principal finance' investment business.StanChart has separately completed the sale of the other half of its principal finance unit, comprising its real estate investment business in Asia, to private equity firm Actis, the bank said on Monday.The UK-based bank, whose business is focused on Asia, Africa and the Middle East, did not disclose the size of that deal.

JSE tracks higher as US-China trade talks lift global markets

The JSE tracked higher on Monday as optimism over US-China trade talks lifted global stocks. Equity benchmarks in mainland China and Hong Kong rose as markets anticipated a possible solution to the tariff trade dispute which has spread jitters across the globe. The Shanghai Composite Index gained 1.

South Africa:Icasa Publishes Findings of the Inquiry Into Priority Markets

[Govt of SA] The Independent Communications Authority of South Africa (ICASA) is publishing the findings in respect of the inquiry embarked upon to identify priority markets that may be prone to regulations in future. This is one of the three-pronged approach to reducing the high cost of communication for the benefit of consumers..

PE Business in the news: New sponsor, owners for Kings

Promote your business on BuyPE and MyPR . New sponsor, owners for Kings : Port Elizabeth - A new era dawns for the Southern Kings with the … Isuzu Motors South Africa would be partnering with a consortium of predominantly black business people to sponsor them for a three- … Source: "Port Elizabeth" business - BingNews . Erna Basson Of Erabella Hair Extensions On Acting The Part And Finding The Gap : Related: How To Start A Salon And Spa Business After moving to Port Elizabeth with her now husband, Nellis Basson (who is also an entrepreneur), she started working for Gestetner and was out on a sale… Source: "Port Elizabeth" business - BingNews .

StanChart sells real estate business to Actis and ICG

(Repeats to additional subscribers without change to text)* StanC completes Asia sale to Actis* Bank in talks to sell rest of business to ICG* Sale part of strategy to refocus on core businessBy Lawrence WhiteLONDON, Aug 20 (Reuters) - Standard Chartered has completed the sale of its principal finance real estate business in Asia to private equity firm Actis, the bank said on Monday.The lender is in talks to sell the rest of the business, outside Asia, to Intermediate Capital Group (ICG), a source with direct knowledge of the deal said separately.Reuters reported in November the business has around $700 million in investments across Asia and Africa.

Rwanda celebrates and rewards business excellence

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.

JSE tracks higher as US-China trade talks lift global markets

The JSE tracked higher on Monday as optimism over US-China trade talks lifted global stocks. Equity benchmarks in mainland China and Hong Kong rose as markets anticipated a possible solution to the tariff trade dispute which has spread jitters across the globe. The Shanghai Composite Index gained 1.

Engen Knockout Challenge named Development Programme of the Year

Engen's commitment to the development of South Africa's youth has been recognised, with the country's leading petroleum brand* winning the ‘Development Programme of the Year' at the 2018 Sport Industry Awards. The 2018 Sport Industry Awards were held at the Sandton Convention Centre on Friday, 17 August 2018, to honour achievement across the business of sport, including the most outstanding and innovative work in marketing, PR, advertising, community investment and sponsorship. Engen's youth development centres on the Engen Knockout Challenge, which since inception in 2003 has grown into arguably South Africa's leading under-18 football event.

JSE pushes higher as Naspers bounces back

Naspers gains as associate Tencent rebounds sharply from last week's losses, while global equities benefit from hopes of a resolution to the US-China trade conflict The JSE started the week on a positive note, supported to some degree by the rand as well as a recovery by some shares that were sold off heavily in recent sessions. Big diversified miners found favour despite the firmer rand, with global focus dominated by US-China trade talks this week, as well as unfolding events in Turkey. Reports on Friday that negotiators from the US and China were mapping out talks with the aim of resolving the trade dispute by November, had provided support to equities, somewhat overshadowing events in Turkey, reported Dow Jones Newswires.

Top 5 on Fin24: Popo Molefe waiting on 'proper response' from Transnet's Gama, SA's new energy plan is imminent

Cape Town - A roundup of Monday's top economic and financial reads on Fin24.  Popo Molefe waiting on 'proper response' from Transnet head Siyabonga Gama about suspension Transnet Chairperson Popo Molefe has said the state-owned enterprise's board expects a "proper response" from its CEO Siyabonga Gama by Monday afternoon on why he should not be suspended after he and two other executives were placed on precautionary suspension last week. "By the time I left the office in Sandton I had not received them [responses], but I expect to receive them [Monday]," Molefe told the media after arriving at the 2017/2018 financial results presentation by the state freight and ports company in Kempton Park.

UPDATE 1-South Africa's rand firmer, focus on U.S.-China trade talks

* Rand down 10 percent so far in August * Global risk sentiment affecting currency moves * Stocks up as Naspers gains (Updates prices) JOHANNESBURG, Aug 20 (Reuters) - South Africa's rand firmed in afternoon trade on Monday, with the market focused on proposed trade talks between the United States and China this week that investors hope will ease tensions between the world's two biggest economies. At 1511 GMT, the rand traded at 14.5900 per dollar, 0.

UPDATE 1-Miners drive FTSE 100 up while weak results sink Mulberry

* FTSE 100 up 0.4 pct at close * Weak results drive Mulberry shares down 26 pct * G4S shares fall after govt takes over Birmingham prison * Sage hit by Deutsche Bank downgrade to "sell" (Updates prices at close, adds detail) By Helen Reid LONDON, Aug 20 (Reuters) - Strong mining stocks helped boost Britain's FTSE 100 on Monday, leaving last week's four-month lows behind as optimism over U.S.

The DStv Now app for smart TVs - Tested

MultiChoice recently launched three new apps for DStv Now, supporting Samsung smart TVs, Apple TV, and Android TV media players. The smart TV app is supported by certain Samsung smart TV models from 2015 onwards - with a full list available here. As a regular user of my Samsung smart TV, and a fan of DStv's SuperSport channels, I was excited to put the new app to the test.

UK luxury retailer Farfetch aims for New York listing

(Adds details on shareholders, luxury market)Aug 20 (Reuters) - Online fashion retailer Farfetch plans to float on the New York Stock Exchange, the London-based firm said on Monday, seeking to capitalise on rapid growth in luxury sales on the web.Competition to capture online shoppers has picked up among premium brands in recent years, pitting conglomerates like Louis Vuitton owner LVMH against independent operators as some firms scramble to make up for a slow move into e-commerce.Farfetch runs an online marketplace allowing people to buy luxury clothes or accessories from nearly 1,000 brands and boutiques worldwide, differing from some other models where sites hold stock.

Wall Street is heading for its longest bull run since World War 2

The current bull market, which began in 2009, got a major boost when Trump pushed through tax cuts for corporates in 2017 and shows no signs of abating New York — Bolstered by a period of extraordinary monetary stimulus followed by generous tax cuts, Wall Street stands at the cusp of another landmark this week. The US stock market on Wednesday will mark 3,453 straight days without suffering a drop of 20%. That makes it the longest "bull market" since World War II, according to leading Wall Street statisticians.

Business Why gender balance in the workplace is good for business

The imminent departure of PepsiCo CEO, Indra Nooyi has again brought to the fore the need for increased opportunities and promotions for women in the workplace. Nooyi is one of only 24 women CEO's heading the 500 largest companies in the United States. Her successful 12-year tenure as CEO of the second largest food and beverage company in the world, and the almost $30 billion dollar increase she added to the company's revenue made her a strong reference point in business circles.

Wall Street's bull run nears new landmark

Bolstered by a period of extraordinary monetary stimulus followed by generous tax cuts, Wall Street stands at the cusp of another landmark this week. The US stock market on Wednesday will mark 3,453 straight days without suffering a drop of 20 percent. That makes it the longest "bull market" since World War II, according to leading Wall Street statisticians.

South Africa's Impala Platinum flags wider full-year loss

JOHANNESBURG (Reuters) - South African producer Impala Platinum (Implats) said on Monday that it expects its full-year loss to widen due to impairments relating to its Rustenburg assets.The company flagged a headline loss per share for the year ending 30 June of between 162 and 186 cents per share, compared with a loss of 137 cents per share in 2017.Headline earnings - South Africa's most widely watched profit gauge - strip out certain one-off items.

AngloGold moves to avoid 2 000 job losses in South Africa region

JOHANNESBURG (miningweekly.com) - The once overwhelmingly dominant South Africa segment of gold mining company AngloGold Ashanti has been reduced to a mere loss-making shadow of its former self. In the six months to June 30, South Africa produced a mere 10% of the company's gold unprofitably.

Implats expects wider FY18 losses

Platinum producer Impala Platinum (Implats) expects its headline loss to widen by 18% to 36% year-on-year to between R1.1-billion and R1.3-billion for the financial year ended June 30.

Transnet CEO relaxed despite qualified accounts and looming suspension

Siyabonga Gama, CEO of rail parastatal Transnet, was his usual affable self as he addressed media on Monday about the group's impressive performance in the year to March, exhibiting no signs of anxiety about his looming suspension. The parastatal improved its net profit by 75.4% to R4.

Kellee James' Agtech Platform Mercaris Finishing Up New Funding Round, Eyeing New Ag Markets: Mogul Watch

This is the second in a Moguldom original series that shines the light on the founders featured on MogulWatch, our comprehensive list of startups that have received venture capitalist funding. At MogulWatch, you can find out how much money the moguls have received from whom, and news and data about their company. Kellee James didn t [ ] The post Kellee James Agtech Platform Mercaris Finishing Up New Funding Round, Eyeing New Ag Markets: Mogul Watch appeared first on Moguldom.

Nutrien steers potash recovery as BHP waits in the wings

WINNIPEG - Canada's Nutrien, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. BHP has been weighing an entry into potash since prices spiked a decade ago.

Emeritus status for high-flying Wits mining professor

Wits University's School of Mining Engineering in Johannesburg recently celebrated the award of an Emeritus Professorship to its long-serving and distinguished JCI Professor of Mineral Resources and Reserves, Richard (Dick) Minnitt. Speaking at the event at Wits University in July, head of school Professor, Cuthbert Musingwini, praised Professor Minnitt's scholarly contribution over many years. Having taught at the School since 1995 when he was appointed Senior Lecturer, Professor Minnitt has become well known as a leading expert in mineral resources and reserve estimations.

Implats flags wider full-year loss

After announcing job cuts earlier in the month. South African producer Impala Platinum (Implats) said on Monday that it expects its full-year loss to widen due to impairments relating to its Rustenburg assets. The company flagged a headline loss per share for the year ending 30 June of between 162 and 186 cents per share, compared with a loss of 137 cents per share in 2017.

How SA cotton industry created 5 500 jobs in four years

Since the launch of the Sustainable Cotton Cluster in 2014, production has increased more than sevenfold from 25 000 bales in 2013 to roughly 180 000 bales this coming season.. Photo: FW Archive What's the difference between the Southern African Sustainable Textile and Apparel Cluster (SASTAC) and the Sustainable Cotton Cluster? On 1 April 2014, the Department of Trade and Industry [DTI] officially launched a five-year plan to establish a national textile cluster, SASTAC, supported by a R200-million grant fund. Its aim was to improve capacity and competitiveness and to create jobs in the cotton, textile and apparel industry value chains.

How Allan Gray values stocks and why it likes Naspers, Glencore, Implats

JOHANNESBURG — Value investing is a refrain famously repeated by Warren Buffett. At its core, it simply involves buying securities that appear underpriced as per fundamental analysis. And in this interview, Allan Gray's  chief investment officer, Andrew Lapping , explains how his firm has used value investing to identify Naspers, Glencore and Impala Platinum as hot stocks.

NUM threatens to strike indefinitely at Matlosana

The National Union of Mineworkers (NUM) in Matlosana in the North West has threatened with an indefinite strike if Harmony Goldmine does not heed to their demands. This is according to NUM regional secretary, Masibulele Naki, who tells OFM News that the mine has become a complete danger to the life of workers with regard to unattended safety issues, among others, since its transition from AngloGold Ashanti. Naki says the mine seemingly doesn't want to come to the party to negotiate the working conditions of workers.

WATCH: Waltons staff down pens in wage protest

Durban - Workers at the stationery manufacturing company, Bidvest Waltons workers have walked off the warehouse floor and local stores in a wage protest. They carried placards on Monday outside the warehouse at Riverhorse Valley highlighting what they say are poor working conditions and demanded 100% bonuses.  In addition, staff demanded an 11% salary increase across the board and a minimum wage of R7 000 a month.

EDITOR'S LUNCHBOX: The SA Reserve Bank and its nationalisation, in bite-sized chunks

Ageing South Koreans meet families in North after seven decades apart End to Greece's bailout is more a day of reckoning than celebrating By Business Day On 20 August 2018 · Leave a Comment Justice Malala blames Cyril Ramaphosa for the rand's sliding to worse than R15 to the dollar, and SAP is named in a new scandal involving EOH and some water boards   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.

Mining houses present a gloomy picture during negotiations

Gold sector negotiations resumed today and during this round mining houses gave presentations on the state of affairs at the various companies. According to Solidarity General Secretary Gideon du Plessis, the Minerals Council gave a detailed response with regard to Solidarity's demands. "The trade unions, however, rejected the Council's opening offers," Du Plessis said.

Solidarity rejects gold producers wage offer

Johannesburg - Solidarity has become the second workers union to reject the latest three-year wage offer tabled by South African gold producers even though it admitted that the mining companies have presented a gloomy picture of the industry. Solidarity joins the National Union of Mineworkers (NUM) which slammed the wage offer as as a "pittance" and "insulting" to workers. The Minerals Council South Africa, formerly the Chamber of Mines, said the mining industry was facing major challenges despite the gold sector remaining a significant contributor to the South African economy.

NUM denounces gold producers' 'insulting' wage offer

Johannesburg - The National Union of Mineworkers (NUM) on Wednesday slammed the three-year wage offer tabled by South African gold producers as as a "pittance" and "insulting" to workers. South African gold mining companies on Wednesday tabled their three-year wage proposals, ranging from 5.5 percent and 6.

Minerals Council shares state of gold sector with unions

Gold producers, AngloGold Ashanti, Harmony Gold, Sibanye-Stillwater and Village Main Reef are expected to table their wage offers to the various industry unions later today. The mining companies, which directly employ around 80 000 employees, together with AMCU, NUM, Solidarity and UASA will be led in a collective bargaining forum by the Minerals Council South Africa (formerly the Chamber of Mines of South Africa). In his presentation to the unions this morning, Motsamai Motlhamme, Minerals Council chief negotiator, shared information with the unions about the state of the gold industry and noted that while the gold industry remains a significant contributor to the South African economy and its people, the industry was facing major challenges.

South Africa gold producers offer single-digit hikes

OHANNESBURG - South African gold producers have offered annual wage increases of around 5% to 6% over three years to most rank and file miners and up to 4.5% for more skilled workers, according to a document seen by Reuters. Gold producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unrest and soaring power bills.

Mine workers reject latest wage offer by gold producers

Johannesburg - Workers union in the gold mining sector on Wednesday rejected the latest and reviewed wage offer made by gold producers. This as gold wage negotiations between AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef, and representative unions, the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA, continued on Wednesday. The gold industry said it made credible offers - which ranged from 5.

CEOs earn R68 000 a day, says PwC report

JOHANNESBURG - Chief executives of companies listed on the local bourse take home an average of R68 219 a day, while corporates put a living wage at around R10 000 to R12 000 a month. This was revealed in the "Executive directors: practices and remuneration trends" report produced by PricewaterhouseCoopers (PwC) released yesterday. The study found that average pay for chief executives is R24.

Déjà vu as gold mine firms face the same spat Amplats saw off

Four gold mining companies face the same demand in freshly started wage talks from the Association of Mineworkers and Construction Union (Amcu) around provident funds that Anglo American Platinum has just seen off. The 85%-held Anglo American subsidiary was hauled before the Labour Court by Amcu to prevent it from transferring a pension fund worth about R7bn from Amplats Group Provident Fund to Old Mutual, with the union demanding it be paid into the Igula Umbrella Provident Fund. The case was dismissed on July 2, with Labour Court Judge Andre van Niekerk find-ing Amplats had watertight employment contracts allowing it to decide on the pension fund, and that it had given Igula a fair chance to compete against other funds to manage the pensions.

Déjà vu as gold mine firms face the same spat Amplats saw off

Four gold mining companies face the same demand in freshly started wage talks from the Association of Mineworkers and Construction Union (Amcu) around provident funds that Anglo American Platinum has just seen off. The 85%-held Anglo American subsidiary was hauled before the Labour Court by Amcu to prevent it from transferring a pension fund worth about R7bn from Amplats Group Provident Fund to Old Mutual, with the union demanding it be paid into the Igula Umbrella Provident Fund. The case was dismissed on July 2, with Labour Court Judge Andre van Niekerk find-ing Amplats had watertight employment contracts allowing it to decide on the pension fund, and that it had given Igula a fair chance to compete against other funds to manage the pensions.

Mother of all showdowns looms in gold mining wage talks

An industry in flux will have to look beyond wages and should consider offering unions ownership, an expert researcher says. A dramatic showdown is imminent in the gold mining sector as unions have vowed not to back down from a double-digit percentage wage increase. This while an industry analyst has warned the sector is on its last legs and job losses are on the cards if wages were hiked by anything above 5%.

South Africa's Impala Platinum flags wider full-year loss

JOHANNESBURG, Aug 20 (Reuters) - South African producer Impala Platinum (Implats) said on Monday that it expects its full-year loss to widen due to impairments relating to its Rustenburg assets. The company flagged a headline loss per share for the year ending 30 June of between 162 and 186 cents per share, compared with a loss of 137 cents per share in 2017. Headline earnings - South Africa's most widely watched profit gauge - strip out certain one-off items.

100% DESIGN SOUTH AFRICA AWARDS WINNERS

he winners of this year's 100% Design Awards. Earlier this month, 100% Design South Africa, announced its 2018 Design Award Winners at a Gala Awards Evening held at Gallagher Convention Centre. The proceedings took place at the 100% Design Café designed by leading local artisans Houtlander.

#WomensMonth: Driving the change in wine marketing

Carina Gous, the strategic advisor at Bonnievale Wines, has always had an appreciation for winemaking having grown up on a farm in the Keisie valley near Montagu. Holding an MSC and an MBA, as well as being a chemist by training, Gous has taken her knowledge and love of wine and embarked on a career in wine marketing and international business consultancy. Gous previously served as head of Distell's marketing and brand division, culminating her recognition as one of South Africa's leading wine marketing experts.

Google is getting ready to open its first retail store

This "city" for people with dementia is the future of memory care Naspers concludes $2.2 billion Flipkart sale It's looking to join the ranks of other tech giants including Apple, Amazon, and Microsoft that have their own retail stores. The company is reportedly close to finalizing a lease on a 14,000-square-foot property in Chicago, reports AdAge.

Concrete workshop at NMU

ART Nelson Mandela University's Visual Arts Department and PPC Ltd are hosting a workshop on the creative use of concrete on Thursday and Friday, August 23 and 24. The programme will cover: Lectures on new technologies in cement and concrete and unusual things people make with the material around the world..

Surprise turn for business fair bakers

Durban - Five young entrepreneurs, who went to the North Regional Business Fair at Bridge City Mall in KwaMashu to gain insight on how to grow their businesses, got more than they bargained for as they were given a full set of bakery equipment. Ntombifikile Sibiya, 23, who is part of a group of co-operatives called Vukuyibambe, had made a request for assistance from eThekwini mayor Zandile Gumede at the opening of the fair on Friday. "When the mayor was delivering a speech, there was a young lady who stood up from the audience and asked questions and also raised that they have shortcomings in terms of their equipment.

Join these women-led business organisations to help you build your own company

It's time to update your network and share your success with other women, if you haven't already. Though it's true that , there has never been a better time for women to change the statistics and climb the ladder or shatter the glass ceiling. Here's a round-up of the notable women-led organisations that could help you reach the business goals you have set for yourself.

The importance of the MICE industry and business events in South Africa

What is MICE and how does it impact our economy? During the Meetings Africa conference 2018, it was pointed out that business tourism contributed an astonishing R115bn to the South African economy. These business visitors generally spend more than the usual leisure traveller. This money is most commonly spent at hotels, conference centres, restaurants, country clubs, and convention centres.

Ladysmith Suppliers Vie for Business with Global Tyre Manufacturer

Local Ladysmith companies are being given the opportunity to potentially do business with tyre manufacturer Sumitomo Rubber South Africa (PTY) LTD (SRSA), which has been progressing with a multi-billion-rand investment into its Ladysmith manufacturing plant since 2014. SRSA - manufacturer of the popular Dunlop, Sumitomo and Falken tyre brands - recently hosted the first of several planned Supplier Exhibition Days in Ladysmith on 17 July 2018 at its Ladysmith Training Academy, in a quest to identify potential vendors from the community in which it operates. Nineteen suppliers were selected from 100 responses to adverts and notices and invited to showcase their products and services on the day.

China sells diesel to SA as refiners seek new export markets

South African shipment marks the first in two years. State-run oil company Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business. Sinopec said on Monday it shipped its first 30 000 tonnes of diesel from its Shanghai refinery heading for South Africa.

China sells diesel to South Africa as refiners seek new export markets

State-run oil company Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business. Sinopec said on Monday it shipped its first 30 000 t of diesel from its Shanghai refinery heading for South Africa. This cargo and another September shipment marked the first batch to South Africa in two years, according to Thomson Reuters Eikon shipping data.

"I was surprised by how emotionally exhilarating looking at the past can be," writes Vusi Thembekwayo of his biography-cum-b

by Jennifer on Aug 20th, 2018 Tweet Published in the Sunday Times   There are few endeavours as daunting as writing a book; the idea that you are penning your thoughts, experiences and views for the world to critique and consume. When the publisher first approached me to do a book on "the life and lessons of Vusi" project, I resisted the idea. In fact, I rejected it outright, partly because of the idea that my life is just my collective set of experiences but also because I look at my life as a story in the making.

Minerals Council says 75% of SA's gold mines unprofitable

Three-quarters of SA's gold mines are unprofitable or barely making money, says the Minerals Council SA as the sector enters wage talks that some participants hope will reflect the realities bedevilling the sector. SA's 140-year-old gold industry, for decades the world's leading source of the precious metal, is a shadow of itself barely clinging onto eighth place ahead of Mexico. Its mines are old, deep, with falling grades and productivity, and rising costs.

Venkat leaves AngloGold Ashanti satisfied that Obuasi is on track

Resolving  the issues between AngloGold Ashanti and the Ghanaian government over the Obuasi mine was a critical development before Srinivasan "Venkat" Venkatakrishnan stepped down as CEO. Venkat will leave AngloGold at the end of August to become CEO of diversified resources major Vedanta and will be replaced by Kelvin Dushnisky who was president of Barrick Gold. Speaking at media press briefing on Monday Venkat commented, "Obuasi was a loose end which I wanted tied up before my departure from the company.

WATCH: Waltons staff down pens in wage protest

Durban - Workers at the stationery manufacturing company, Bidvest Waltons workers have walked off the warehouse floor and local stores in a wage protest. They carried placards on Monday outside the warehouse at Riverhorse Valley highlighting what they say are poor working conditions and demanded 100% bonuses.  In addition, staff demanded an 11% salary increase across the board and a minimum wage of R7 000 a month.

Industrial Psychology Internship At Shoprite

Shoprite Holdings is offering internship opportunities on a a contract basis (1 February 2019 - 31 January 2020) to gain practical exposure in a multinational retail company. This internship will afford the Industrial & Organisational Psychology Interns the opportunity to register with the Health Professions Council of South Africa (HPCSA) and allows the interns to gain exposure within a multinational retail company in order to complete aspects of their Internship programme as per HPCSA requirements. The purpose of the 12 month internship program is to provide our Shoprite interns with an in-depth understanding of the field of Industrial Psychology/Organisational Development through the practical application of theoretical knowledge, towards their certification as I/O Psychologist at the end of the contract period.

Miners drive FTSE 100 up while weak results sink Mulberry

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.6 pct* Weak results drive Mulberry shares down 26 pct* G4S shares fall after govt takes over Birmingham prison* Sage hit by Deutsche Bank downgrade to "sell"By Helen ReidLONDON, Aug 20 (Reuters) - Strong mining stocks helped boost Britain's FTSE 100 on Monday, leaving last week's four-month lows behind as optimism over U.S.

European shares gain on optimism over U.S.-China trade row

* STOXX up 0.7 pct* No worsening in Turkish lira crisis* Sage falls on DB downgrade* Alitalia under pressure after Genoa bridge tragedy (Adds shares, quotes)By Julien PonthusLONDON, Aug 20 (Reuters) - Hopes that the United States and China might find a compromise to resolve their trade dispute lifted European shares on Monday, while Turkey's currency crisis showed no immediate sign of worsening.At 0835 GMT, the pan-European STOXX 600 was up 0.

New programme for Toastmasters International

Toastmasters International recently launched its brand new educational programme in Southern Africa. The programme, named Pathways, is designed to assess and meet each member's individual needs and to enable them to become better and more confident communicators and leaders. On July 21, the Modderfontein Breakfast Club committee travelled to Impala Platinum in Springs to learn how to assist new members who embark on this exciting new programme and to enjoy a wonderful variety of networking and learning opportunities.

100% DESIGN SOUTH AFRICA AWARDS WINNERS

he winners of this year's 100% Design Awards. Earlier this month, 100% Design South Africa, announced its 2018 Design Award Winners at a Gala Awards Evening held at Gallagher Convention Centre. The proceedings took place at the 100% Design Café designed by leading local artisans Houtlander.

Beyond BBBEE Points - 5 Ways Big Business Benefits from Working with SMEs

By Edge Growth , an enterprise and supplier development firm.  This is an excerpt from a post titled ‘Small suppliers for big impact: ‘Optimising your supply chain in a turbulent economy' available on the Edge Growth website.   Investing in an Enterprise and Supplier Development partnership does so much more than boost a business's B-BBEE scorecard - though it performs this function extremely effectively as well.

Creating Your Own Successful Bitcoin Business-Part 7

https://bitclub.io/clydethorburn 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 .

6 Things women need to know about business

- 11:04 "I don't mind living in a man's world, as long as I can be a woman in it" said Marilyn Monroe. Business Women require a dynamic and specialised skill set, while still enhancing womanhood which this interactive course promises. The aim is to energise, encourage, motivate and above all assist career women with their unique challenges in the South African Business World.

25 Of The Most Successful Business Ideas In South Africa

Find out who's making waves in numerous industries and how they managed to differentiate themselves in local and international industries. "Disruption is all about risk-taking, trusting your intuition, and rejecting the way things are supposed to be. Disruption goes way beyond advertising, it forces you to think about where you want your brand to go and how to get there," says Richard Branson.

AngloGold interim results June 2018

Revenue for the interim period was lower at USD2 billion (USD2.1 billion) whilst gross profit grew to USD410 million (USD325 million). Operating profit was recorded at USD119 million (loss of USD65 million).

Double win for Brett Garland in Round 5 of…

Garland increases his lead in class A and earns valuable points in the AutObarn overall points standings Brett Garland    AutObarn/Total/Ingco Tools Honda romped home to two well deserved wins in the fifth round of the 2018 AutObarn SuperHatch championship at Dezzi Raceway on Saturday, 11 August, increasing his lead in Class A and closing the gap in the overall points in the series. Class B went to Louis Scholtz Car Care Clinic Honda Civic while Reno van Heerden KWC VW Polo claimed the class C win. "Due to the amount of entries Autobarn Superhatch could not get a qualifying session on Saturday as per the norm, so the agreement was to take everyone's best lap times in free practice 1, 2 and 3," said Brett Garland.

Erna Basson Of Erabella Hair Extensions On Acting The Part And Finding The Gap

Erna Basson on says that building your own empire is one of the toughest things you can do, but also one of the most rewarding. She unpacks the lessons she has learnt that have helped her launch and grow three businesses into sustainable brands. Vital Stats Player: Erna Basson Company: Erabella Hair Extensions Est: 2017 www.

EDITOR'S LUNCHBOX: The SA Reserve Bank and its nationalisation, in bite-sized chunks

Stories of note Bytes from the digital world According to the Reserve Bank's website, 0.5% of its shares in issue are held by about 650 private shareholders whose annual dividends are capped at 10c per share, amounting to R200,000 a year. In an interview with Business Times, Reserve Bank governor Lesetja Kganyago did not talk about how a mountain has been made of a molehill by calling the buying of the tiny fraction of the central bank that the government does not already own "nationalisation", but stressed that allowing populist politicians to undermine central bank independence was the route to hyperinflation and disaster.

Fin24.com | Eskom load shedding prognosis for the week ahead

US companies warn that Americans will be the real losers in trade war with China Ghana is happy to have IMF perusing its books even after the bail-out deal ends By fin24.com On 20 August 2018 · Leave a Comment Eskom did not have to implement rotational load shedding over the past weekend and looks at what the risk is for this week.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

China sells diesel to South Africa as refiners seek new export markets

* South African shipment marks the first in two years * Domestic glut supports more exports * Refiners look to export to Australia, emerging markets By Meng Meng and Chen Aizhu BEIJING, Aug 20 (Reuters) - State-run oil company Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business. Sinopec said on Monday it shipped its first 30,000 tonnes of diesel from its Shanghai refinery heading for South Africa. This cargo and another September shipment marked the first batch to South Africa in two years, according to Thomson Reuters Eikon shipping data.

SE Asia Stocks-Most markets rise; Indonesia jumps nearly 2 pct

* Philippines falls over 1 pct on foreign selling * Thai stocks extend gains into third session Aug 20 (Reuters) - Most Southeast Asian stock markets rose in line with broader Asia on Monday as investors cheered planned Sino-U.S. trade talks, while Philippine shares fell over 1 percent on continued selling by foreign investors.

London Markets: London markets higher, buoyed by materials stocks, trade optimism

Vitaliy Katsenelson's Contrarian Edge: Investors have misdiagnosed Amazon's push into the pharmacy business FA Center: Find financial advisers who can give your portfolio a personal touch By MarketWatch On 20 August 2018 · Leave a Comment London stocks were off to a positive start for the week, led by shares of materials companies and taking a lead from global markets moving higher on trade optimism.   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: European stocks rise, led by Greece as bailout ends

Ghana is happy to have IMF perusing its books even after the bail-out deal ends Peter Morici: When economists become demagogues By MarketWatch On 20 August 2018 · Leave a Comment European stocks moved higher as trade-war optimism fuels some widespread lead the gains in Europe, while Greek stocks leapt ahead of the regional pack as the country officially emerged from its lengthy bailout program.   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.

Tajikistan: World Bank Improves Tajikistan's Road Connectivity, Increases Access to International Markets

Source: World Bank Country: Kyrgyzstan, Tajikistan, Uzbekistan Tajikistan is Central Asia's least connected, most isolated country. Tajikistan has only limited regional and international connectivity and transportation by road is often the only option, given the country's alpine topography and small rail network. The Second Phase of the Central Asia Road Links Program - CARs-2 focuses on the rehabilitation of approximately 70 kilometers of cross-border roads in the Sughd Oblast, which connects Tajikis.

AngloGold swung to a profit ahead of leadership handover

(Bloomberg) -  AngloGold Ashanti Ltd. swung to a profit and is in "good shape" before its incoming chief takes the helm, according to outgoing Chief Executive Officer Srinivasan Venkatakrishnan. AngloGold's output rose, costs dropped and it reduced net debt in the first six months of the year, the Johannesburg-based company said in a statement Monday.

Grow: How to handle a financial emergency, even if you're living hand to mouth

AngloGold CEO Srinivasan Venkatakrishnan exits on a high note with return to profit Want to Work from Home and Save Money? Salesforce, Dell, and Gartner Are Hiring for These Remote Jobs By MarketWatch On 20 August 2018 · Leave a Comment Building a healthy emergency fund isn't as hard as it sounds, even if you're scraping by.   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 higher as Naspers leads the way on firmer Tencent in Hong Kong trade

Critics say Venezuela's radical plan to issue new banknotes is likely to make things even worse By Business Day On 20 August 2018 · Leave a Comment Trade tensions reduce as a meeting between US and Chinese leader is mooted, while the lira retreats further following a ratings downgrade   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.

Nando's and Chicken Licken steal the show at advertising awards

Chicken was an unlikely hero at this year's Loerie awards‚ which recognise creative excellence in the advertising and communications industry. Joe Public United‚ which was responsible for the popular Chicken Licken Sbu 2.0 ad‚ was among the favourites lauded on Saturday‚ along with the Nando's #rightmyname campaign‚ the product of M&C Saatchi Abel.

NUM to march to Harmony Gold to raise safety concerns

The National Union of Mineworkers (NUM) in the Matlosana region in the North West said on Monday that they would march to Harmony Gold in Vaal Reefs Orkney to raise concerns around safety. Harmony Gold bought various shafts in Vaal Reefs Orkney from AngloGold Ashanti and took over the operations in March 2018. NUM Matlosana regional secretary Masibulele Naki said since Harmony took over, there has been an increase of illegal miners who are freely staying on the mine's property and were allegedly terrorising and raping women in the area.

Harmony's in race against time as suns sets over SA gold

HARMONY Gold CEO, Peter Steenkamp, has done better than many believed possible since he took over the troubled gold group in January 2016 with notable achievements including halting the collapse in gold production and acquiring the Moab Khotsong mine. He's also had some luck. No sooner had he taken over than the rand gold price took off causing a temporary surge in the Harmony share price.

Good Business Basics: The technological revolution

There exists a great deal of anxiety and uncertainty amongst both businesses and employers as the so called ‘Fourth Industrial Revolution' becomes a reality. ALSO READ :  Good Business Basics: Well-designed projects are instrumental On the part of businesses, owners and managers are grappling with the myriad technologies and applications that are springing up, almost on a daily basis, in support of this new operating environment. Decisions have to be made about the optimal combination of technology and human resources to deploy, the cost and longevity of upgraded systems, and the imperative to ensure that procedures and policies keep aligned with rapidly changing operating environments.

Vitaliy Katsenelson's Contrarian Edge: Investors have misdiagnosed Amazon's push into the pharmacy business

Outside the Box: How a CEO's personal habits can cost you money London Markets: London markets higher, buoyed by materials stocks, trade optimism By MarketWatch On 20 August 2018 · Leave a Comment Walgreens and other established drug retailers can handle Amazon's threat, writes Vitaliy Katsenelson.   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.

South Africa: Standing Committee on Public Accounts (SCOPA) tells Transnet to Stop Looting to Improve Business

Download logo The Standing Committee on Public Accounts (Scopa) has told the Transnet Board and management to stop the looting because the business is able to sustain itself very well because it makes money due to it being a monopoly. The alleged corruption and looting of resources is what is impacting negatively on Transnet. Scopa has also noted the breakdown in internal controls in the internal auditing and procurement departments.

Too much innovation could cost your business. Here's why

As the saying goes, too much of a good thing could be bad, particularly when it comes to innovation, says Kobus Engelbrecht, spokesperson for the 2018 Entrepreneur of the Year competition sponsored by Sanlam and Business/Partners. Kobus Engelbrecht, spokesperson for the 2018 Entrepreneur of the Year competition sponsored by Sanlam and Business/Partners"A cell phone that records meeting minutes and is also a high definition television screen is great, but imagine if that cell phone was enabled with artificial intelligence (AI) and could send messages without your manual input, making use of insight from your messaging and social media data history - one could assume that a few of your contacts might receive inappropriate messages," says Engelbrecht. While the technological age is full of brilliant innovations - Uber, Amazon, Netflix, Airbnb, Spotify and Facebook to mention a few - Engelbrecht says that the temptation to create the "next big thing" sometimes causes entrepreneurs to fall into the trap of disruption overload.

Retail Business Analyst

Our client, an enterprise retail software development specialist based in Mowbray, Cape Town, is looking for a to join their team.Requirements: Ideally an IT Diploma or related Degree will be an advantage but is not essential Solid Business Analysis experience Minimum requirement is Matric with at least 5+ years of on the job work experience Experience using Agile methodologies Exposure to Enterprise development will be a definite advantage Must have experience in a retail environment Email your CV to (email address) or contact Xolani on (contact number) Learn more/Apply for this position Related.

All the Reasons your Business is not Getting Funded

The top four reasons SMEs requested funding in 2017 was startup capital, buying equipment, expanding businesses and working capital. This is according to finding of the Finfind ‘ SA SMME Access to Finance Report ' released in July. Alice Leah, operations manager at Finfind, an online platform, shared with the attendees at the recently held FundEx some harsh truths about why they are possibly not getting the funding they need at the recently held funding expo for entrepreneurs, FundEx , held at the Riversands Incubation Hub .

The civil society resistance to state capture

Book Extract For a long time there was very little organised opposition to these events, but the South African media had largely managed to fend off moves to introduce formal censorship and there was still a legacy of brave, independent investigative journalism. Largely through the efforts of several such journalists, many of them associated with the amaBhungane Centre for Investigative Journalism, stories broke regularly about the corruption of government officials. The public protector's  State of Capture report did a great deal to create public outrage, but the political response was strangely muted.

UPDATE 1-European shares gain on optimism over U.S.-China trade row

* STOXX up 0.7 pct * No worsening in Turkish lira crisis * Sage falls on DB downgrade * Alitalia under pressure after Genoa bridge tragedy (Adds shares, quotes) By Julien Ponthus LONDON, Aug 20 (Reuters) - Hopes that the United States and China might find a compromise to resolve their trade dispute lifted European shares on Monday, while Turkey's currency crisis showed no immediate sign of worsening. At 0835 GMT, the pan-European STOXX 600 was up 0.

Julius Malema: ‘The EFF is in charge — the ANC is following us'

Fin24.com | AngloGold swings to profit as costs drop ahead of CEO handover With Flipkart in the bag, Walmart is ready for round two in India By Business Day On 20 August 2018 · Leave a Comment The tail is wagging the dog, a political analyst says, but the ANC denies it is following the EFF's lead on the contentious land issue   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.

Routine is the key to true creativity

AngloGold CEO Srinivasan Venkatakrishnan exits on a high note with return to profit Anton Chekhov Former US president Barack Obama famously had a wardrobe full of identical suits. As a world leader, life presents more than enough big decisions—Obama's reasoning was that it made sense to minimize the complexity of the small decisions. Artists are often thought of as rather different.

Miners drive FTSE 100 up while weak results sink Mulberry

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.6 pct * Weak results drive Mulberry shares down 26 pct * G4S shares fall after govt takes over Birmingham prison * Sage hit by Deutsche Bank downgrade to "sell" By Helen Reid LONDON, Aug 20 (Reuters) - Strong mining stocks helped boost Britain's FTSE 100 on Monday, leaving last week's four-month lows behind as optimism over U.S.

AngloGold swings back into H1 profit, Obuasi mine reboot on track

The firm posted headline earnings of $99 million for January-June, in line with figures it had previously flagged, compared with a headline loss for the same period last year of $89 million. | JOHANNESBURG - AngloGold Ashanti swung back into a first-half profit on the back of higher production and lower-than-expected retrenchment costs, Africa's top gold producer said on Monday.The firm posted headline earnings of $99 million for January-June, in line with figures it had previously flagged, compared with a headline loss for the same period last year of $89 million.

Department store set to close its doors

A popular department store is facing possible closure. Staff members of Poco Strand are uncertain about their future after they were informed the store would be closing its doors. Poco, a German brand, was set to become one of South Africa's largest homeware, furniture mega stores.

AngloGold swings to profit as costs drop ahead of CEO handover

AngloGold Ashanti [ JSE:ANG ] swung to a first-half profit after costs declined and output rose as the world's third-largest gold producer prepares for a change in leadership. Full-year production is now expected at the higher end of the previously forecast range, and costs will be at the bottom of the prior estimate, Johannesburg-based AngloGold said in a statement on Monday. AngloGold has cut back on its South African output after selling and closing unprofitable mines to curb losses.

The Small Business Corner: Shifting Sands African Couture

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.

APO AFRICA South Africa: Standing Committee on Public Accounts (SCOPA) tells Transnet to Stop Looting to Improve Business

Download logo The Standing Committee on Public Accounts (Scopa) has told the Transnet Board and management to stop the looting because the business is able to sustain itself very well because it makes money due to it being a monopoly. The alleged corruption and looting of resources is what is impacting negatively on Transnet. Scopa has also noted the breakdown in internal controls in the internal auditing and procurement departments.

CORRECTED-GLOBAL MARKETS-Shares climb on hopes for U.S.-China trade talks, Turkish lira falls

(Corrects date of talks reported by the Wall Street Journal in paragraph 4, to Aug 22 and 23 (from Aug 21 and 22)) * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh * Stocks rise in anticipation of US-China trade talks * Dollar index up 0.2 pct * Turkish lira under renewed pressure after ratings downgrades * Oil prices stabilize, gold gains By Ritvik Carvalho LONDON, Aug 20 (Reuters) - Global stocks rose on Monday amid optimism over planned trade talks between the United States and China, while Turkey's lira fell after its credit ratings were downgraded and shots were fired outside the U.

EMERGING MARKETS-Lira falls after ratings cut, shots fired at U.S. embassy

LONDON, Aug 20 (Reuters) - The Turkish lira fell on Monday after S&P Global and Moody's downgraded the country's sovereign credit rating further into junk territory and shots were fired at the U.S. embassy in Ankara, while emerging stocks rose over 1 percent.

Free State woman inspires social media users with small business in a "Zo-Zo"

Thaini Masakane has started her business inside of a small room and is inspiring hundreds of people with her drive and determination for success.   Unemployment stats are at a scary high in South Africa but as a group of people, we are more resourceful than most. Small to medium-sized businesses are the backbone of our country and for most, if there are no opportunities, they go out and make opportunities.

Darren Oates does the business for Signature…

In a near carbon copy of Signature Motorsport's race at the same track in May, Darren Oates banked two third-place podium results after his best qualifying session of the season. Clinton Bezuidenhout was once more in the wars while Altan Bouw ended the second race inside the top ten. As has become the norm in the Engen Polo Cup, qualifying was ultra close.

4 Rules to follow for business presentations

- 09:25 The business presentation is a crucial aspect of a new or prospecting business opportunity. Whether it's internal or external, a business presentation is always important and something that should be conducted in a professional manner. This is an opportunity for you to display leadership, organisation, dedication, innovation, professionalism and an interest in your work - all things that will remind your employer why they hired you and bring them to consider your position within the company.

Tips On How to Build Your First Ecommerce Business

Starting an ecommerce business is really important in this day and age because everything and everyone is online. With the sheer number of people populating the internet, only an online business can reach out to them. However, having an online business isn't just about trying to sell things on the internet.

Creating Your Own Successful Bitcoin Business-Part 7

https://bitclub.io/clydethorburn 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.

Would you pay R20mn to be in the tallest building in Rosebank?

Would you pay R20mn to be in the tallest building in Rosebank? ECONOMY / 19 AUGUST 2018, 07:00AM / DHIVANA RAJGOPAUL Share on FacebookShare on TwitterShare on LinkedInTell a Friend DURBAN - The Park Central development in Rosebank, Johannesburg will have apartments that cost between R2 million and R19.6 million. The development which was launched in 2016 had 159 units that comprise of studio, one-, two- and three-bedroom apartments and four bedroom penthouse suites.

Movers & Shakers - Annuscha Pillay

Movers & Shakers - Annuscha Pillay Published Date: 2018-08-17 | Source: DealMakers | Author: Marylou Greig | 0 Comments Movers & Shakers - Annuscha Pillay Annuscha Pillay has joined the M&A/Corporate Practice at Baker McKenzie in Johannesburg as Partner. Pillay completed her articles at Savage Jooste & Adams in Pretoria and then joined Werksmans as an associate in 2006, before being promoted to senior associate and then director in the Corporate Department in 2010. She was made a Partner at Werksmans in 2012.

SA private health care market plagued by market concentration

he preliminary findings of a recent inquiry into South Africa's private health care sector shows worrying trends. Key among the inquiry's revelations are high concentration levels in the market. For example, the report shows that 70% of the open medical schemes market is controlled by two players - Discovery Health Medical Scheme and Bonitas.

Naspers concludes $2.2 billion Flipkart sale

The company is expanding in the classifieds and online food delivery spaces. Naspers said on Monday that it has concluded the sale of its 11.2% stake in Indian e-commerce company Flipkart, realising US$2.

JSE opens higher as Naspers leads the way on firmer Tencent in Hong Kong trade

Trade tensions reduce as a meeting between US and Chinese leader is mooted, while the lira retreats further following a ratings downgrade The JSE opened in firmer territory on Monday as Naspers led the gainers, with banks and retailers shrugging of a weaker rand. Naspers opened stronger after Chinese internet company Tencent rose nearly 4% in Hong Kong as the company rebounded from last week's retreat following disappointing second-quarter earnings. Naspers owns 31.

WATCH: Week ahead - new start for Greece, but currencies in end game?

Land reform: Malema turns up heat on ANC UK's richest man forced out of the shadows Middle-class voters may punish ANC Audit watchdog chair fights Public Protector Labour brokers, mines in a jobs bloodbath Trade war or capitalist crisis, again? LONG READ: Trump tries to change the subject as Russia fallout rattles his party When SARS creates its own tax loopholes Wiese: Forensic report will reveal what went wrong at Steinhoff WATCH: Not sure how to track your spending? There's a free app for that Company Snapshot Five of SA's top financial brains, including SARB governor Lesetja Kganyago share their best savings habits. Related links: Follow Fin24 Money Clinic Do you have a question about your finances? We'll get an expert opinion. Voting Booth I am not in a position to save because: I have too much debt I earn too little I'm a shopoholic I don't want to save I have too much debt 36% 434 votes I earn too little 47% 568 votes 47 I'm a shopoholic 7% 86 votes 7 I don't want to save 11% 128 votes 11 Previous results · Suggest a vote Services Money Clinic Get your financial questions answered.

Just keep growing says Renshia Manual of GrowBox

Situated on the Cape Flats in Cape Town, wholesale nursery GrowtBox manufactures portable grow boxes made from recycled pallets for people living in disadvantaged areas to grow vegetables sustainably. By increasing food security within disadvantaged households, these vegetable boxes make it possible for individuals to grow vegetables themselves in small or limited spaces around their homes. Renshia Manuel The beneficiaries of the boxes receive training on sustainable growing methods and once training is completed, they receive a fully stocked with vegetable seedling grow boxes.

AngloGold swings back into H1 profit, Obuasi mine reboot on track

FILE PHOTO: A worker pours gold at the AngloGold Ashanti mine at Obuasi, Ghana JOHANNESBURG (Reuters) - AngloGold Ashanti swung back into a first-half profit on the back of higher production and lower-than-expected retrenchment costs, Africa's top gold producer said on Monday.The firm posted headline earnings of $99 million for January-June, in line with figures it had previously flagged, compared with a headline loss for the same period last year of $89 million.The turnaround in performance was also due to the absence of one-off, non-cash settlement costs for silicosis class action claims which hit its earnings last year.

The Turkey Drama Continues

The Turkey drama ("economic war") continues, dampening demand for Emerging Markets - the Rand hit 15 against the US$ twice last week. Elon Musk is now being investigated by the SEC and playing the sympathy card (which personally, Anthea finds hard to buy). The biggest news for the JSE this week, was the reporting of Chinese company Tencent, which sent Naspers down 8% on the day - gross margins down and operating expenses up; not a good look! Share this: Related.

Tips On How to Build Your First Ecommerce Business

Starting an ecommerce business is really important in this day and age because everything and everyone is online. With the sheer number of people populating the internet, only an online business can reach out to them. However, having an online business isn't just about trying to sell things on the internet.

Harmony impairments knock earnings by almost 45%

JOHANNESBURG - Harmony Gold on Friday raised a red flag on its annual earnings outlook, which it expects to decline by as much as 45 percent, hit by a R5.3 billion impairment charge.  The lowered forecast comes amid soft gold prices and high production costs, which saw its rival Gold Fields this month announce that it plans to cut 1 100 jobs.

AngloGold ups half-year earnings, cash flow

JOHANNESBURG (miningweekly.com) - Solid production and cost performances helped gold mining company AngloGold Ashanti to deliver higher earnings and cash flow in the first half of this year. The increase in headline earnings of $85-million compared with a loss of $93-million in the first half of 2017 for the company, which is forecasting 2018 production at the top end of its guided range, and costs at the bottom end.

WATCH: Some good news out of the embattled mining sector

For the first time in four months, mining production reflected an annual increase of 2.8% in June surprising economists who largely expected tepid growth or a contraction. The rebound comes due to a surge in platinum group metals (PGMs) production, while gold production was down 19%, reflecting the pressure that Gold Fields faces.

Platonic best friends are 'Alone Together' in new Showmax comedy

Stand-up comedians Esther Povitsky (aka Little Esther) and Benji Aflalo co-write, co-star and executive produce Alone Together , about Esther and Benji, misfit platonic best friends who want nothing more than to be accepted by the vain and status-obsessed culture of Los Angeles. Despite their constant bickering, when push comes to shove, they've got each other's back - especially since they have nobody else to hang out with. Povitsky shares more than a first name with her character, who similarly moved to LA from the midwest to try make it as a comedian but quickly found she didn't fit in.

Sasol and Shoprite kick off a busy week for JSE watchers

CARTOON: An appreciation Asian markets are slightly firmer ahead of planned China-US talks By Business Day On 20 August 2018 · Leave a Comment Sasol, Shoprite, AngloGold, Workforce and Erin Energy are among the companies diarised to release 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. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

The Turkey Drama Continues

The Turkey drama ("economic war") continues, dampening demand for Emerging Markets - the Rand hit 15 against the US$ twice last week. Elon Musk is now being investigated by the SEC and playing the sympathy card (which personally, Anthea finds hard to buy). The biggest news for the JSE this week, was the reporting of Chinese company Tencent, which sent Naspers down 8% on the day - gross margins down and operating expenses up; not a good look!.

More than R250m dedicated to deep-level mine research

The Minerals Council of South Africa has pumped millions into seismicity research associated with deep-level mines, in an effort to drastically reduce fatalities. Mponeng gold mine is the deepest mine in the world. Image: AngloGold Ashanti NATIONAL NEWS - The mining industry is spending more than R250 million through the Mine Health and Safety Council on research into seismicity associated with deep-level mines, according to Minerals Council South Africa (MCSA) CEO Roger Baxter.

More than R250m dedicated to deep-level mine research

The Minerals Council of South Africa has pumped millions into seismicity research associated with deep-level mines, in an effort to drastically reduce fatalities. Mponeng gold mine is the deepest mine in the world. Image: AngloGold Ashanti NATIONAL NEWS - The mining industry is spending more than R250 million through the Mine Health and Safety Council on research into seismicity associated with deep-level mines, according to Minerals Council South Africa (MCSA) CEO Roger Baxter.

Ebola death toll rises in DRC outbreak

AngloGold swings to profit as costs drop ahead of CEO handover Resist corrosion of corruption, Xi urges army By Business Day On 20 August 2018 · Leave a Comment Field teams also identified 2,157 ‘contacts' — people who may have been in contact with the virus   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.

#WomensMonth: Magda Wierzycka talks passion and business

When the dirty secrets of state capture and wrong doings in the boardrooms of corporate heavyweights such as KPMG and Steinhoff International started oozing out in the media, Magda Wierzycka, CEO of Sygnia was a lone voice brave enough to speak out against corruption. Magda Wierzycka, CEO: Sygnia. Photo: GSB"It is important to recognise that whatever you do in South Africa right now has political consequences," she told the University of Cape Town's Graduate School of Business' Women in Business conference.

Why you may not have a claim on your partner's living annuity

Court case highlights the lack of rights for spousal claims when it comes to a living annuity. When it comes to retirement vehicles such as a provident fund, pension fund or retirement annuity, depending on the marriage regime, a spouse could have a claim to the funds on divorce. Based on the "clean break" principle, the nonmember ex-spouse could receive a lump-sum payment from the fund.

Introducing and celebrating the Do More Foundation

As one of South Africa's leading food producers, RCL Foods has always found ways to positively contribute towards the communities and people it serves. Its ambition has been to create impactful, effective and meaningful corporate social investment, despite the scepticism of both the private and public sector in this regard. In July 2017, RCL Foods founded the Do More Foundation.

Fin24.com | Land reform: Malema turns up heat on ANC

Remgro's affordable fibre rollout starts Project Syndicate: Turkey has torn up the playbook on dealing with emerging-market crises By fin24.com On 20 August 2018 · Leave a Comment EFF leader Julius Malema, feels he's got President Cyril Ramaphosa just where he wants him.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

South Africans being led up the garden path by politicians' false promises

, fiendishly gifted Nazi spin doctor Joseph Goebbels delivered a speech to his comrades, titled "Knowledge and Propaganda". Here is the crux of his dirty message: "History proves the greatest world movements have always developed when their leaders knew how to unify their followers under a short, clear theme." With that in mind, it is painful to see many South Africans falling prey to Goebbels-type ruses today.

The Case for Competition

Students at India's private English-medium schools can barely read English MICHAEL MORRIS: Failed schools and policies, not race, are holding blacks back By Strategy & Business On 20 August 2018 · Leave a Comment When the element of competition is present, alive, and acknowledged within a team, that team is more empowered, more connected, and more likely to work together effectively. Here's why.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Search for political home ‘risks dividing' Cosatu

Brexit hits Famous Brands hard in UK First state capture hearing to start By Business Day On 20 August 2018 · Leave a Comment Debate around Cosatu's agenda at the national congress in September could destabilise the labour federation, says general secretary Bheki Ntshalintshali   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.

ADEKEYE ADEBAJO: Kofi Annan — amiable UN chief with poodle tendencies

STUART THEOBALD: Politicians must be kept away from Bank in order to maintain financial stability Sygnia plan ‘simply to get big fees out of alternative fund' By Business Day On 20 August 2018 · Leave a Comment Kofi Annan painfully discovered the ancient wisdom: one needs a long spoon to sup with the devil   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.

Post Office gives priority to clearing massive backlog

STUART THEOBALD: Politicians must be kept away from Bank in order to maintain financial stability Sygnia plan ‘simply to get big fees out of alternative fund' By Business Day On 20 August 2018 · Leave a Comment CEO Mark Barnes confident backlog will be cleared by the end of September and that normal operations will resume   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.

LUKANYO MNYANDA: Wierzycka has done investors a favour

STUART THEOBALD: Politicians must be kept away from Bank in order to maintain financial stability Sygnia plan ‘simply to get big fees out of alternative fund' By Business Day On 20 August 2018 · Leave a Comment Whether Wierzycka's comments are fair or not is almost irrelevant. She's already done a service by bringing up the subject   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.

Sygnia plan ‘simply to get big fees out of alternative fund'

LUKANYO MNYANDA: Wierzycka has done investors a favour Genius Messi ‘sees things others don't' By Business Day On 20 August 2018 · Leave a Comment CEO Magda Wierzycka certainly knows how to galvanise an audience, be they supporters or detractors   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.

Wallabies a bit wobbly before All Blacks clash

NEWS ANALYSIS: EFF's Bank bill puts ANC on the spot By Business Day On 20 August 2018 · Leave a Comment Winning at Eden Park a tall order after loss in Sydney   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.

Sasol and Shoprite kick off a busy week for JSE watchers

A busy week on the results front kicks off on Monday with Sasol, Shoprite, AngloGold, Workforce and Erin Energy all due to report. Sasol expects to report on Monday its headline earnings per share (HEPS) for the year to end-June fell by up to 26%, it warned in a trading statement on July 20. Basic earnings — which will include a R3.

SAS buys local football club SFC

The Stellenbosch Academy of Sport (SAS) recently purchased Stellenbosch Football Club (SFC), not only to create a pathway for youngsters in the Stellenbosch and Winelands area to become professional football players, but also to create more opportunities to become involved in the community. For the past two years SFC has been based at SAS, 100% owned by Remgro, which bought the club when its Pretoria-based owner put it up for sale. "In South Africa, football enjoys unrivalled support and popularity and therefore is a powerful medium to uplift communities and provide hope and inspiration," said Rob Benadie, CEO of SAS and SFC.

Korean families separated by war to have rare reunion

Spikeball: the US sport coming to a beach or backyard near you - 4 mins ago Cairo looks to curb street sheep slaughter for Eid holiday - 5 mins ago Greece leaves bailouts behind after biting austerity - 6 mins ago More bodies found in flooded Kerala as toll hits 370 - VIDE0 - 11 hours ago Search News feed Dozens of elderly and frail South Koreans will meet family members in the North later Monday, nearly seven decades after they were separated by a war that kept the peninsula and their loved ones divided. Elderly South Koreans like Kim Bong-eoh will meet family members in the North later Monday | © AFP | Ed JONES The three-day reunion — the first for three years — will take place in Mount Kumgang resort in North Korea, following a rapid diplomatic thaw on the peninsula. Millions of people were swept apart by the 1950-53 Korean War, which divided brothers and sisters, parents and children and husbands and wives and perpetuated the division of the Korean peninsula.

SA private health care market plagued by market concentration

The preliminary findings of a recent inquiry into South Africa's private health care sector shows worrying trends. Key among the inquiry's revelations are high concentration levels in the market. For example, the report shows that 70% of the open medical schemes market is controlled by two players - Discovery Health Medical Scheme and Bonitas.

How "Serial Failure" Nic Harry finally found a way to pull up his socks

Speak to Nic Haralambous, better known as Nic Harry , about the businesses he's started up, built, and sold as a serial tech entrepreneur, and he'll be happy, sooner or later, to tell you the secret of his success. He's a failure. That's because failing in business, over and over again, has taught him the hard lessons that have helped him, finally, to pull up his socks and make it big.

Accenture buys Mindtribe, Pillar

Two more acquisitions by Accenture and another by Intel were the main stories of the international ICT market last week. At home, it was very quiet. Key local news * Very good year-end figures from Adapt IT, with revenue up 35.

Asian markets are slightly firmer ahead of planned China-US talks

Sasol and Shoprite kick off a busy week for JSE watchers By Business Day On 20 August 2018 · Leave a Comment Equities creep cautiously higher as investors await developments proposed in trade talks between Beijing and Washington, and the yuan strengthens   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.

Asian markets are slightly firmer ahead of planned China-US talks

Sydney — Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed China-US trade talks and the Chinese yuan rallied away from dangerous lows. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4%, while Shanghai blue chips firmed 0.

Trump wants to end quarterly reporting on US stock markets

US president Donald Trump has asked the Securities and Exchange Commission to study the potential impact of changing its requirement that companies report their earnings every quarter. Instead, he has suggested reporting every six months. The SEC has required quarterly reports since 1934 - after the stock market crash of 1929, quarterly reports helped to build back investor trust and increase transparency.

Basil Read gets R265m in business rescue

JOHANNESBURG - Basil Read has secured R265 million in post-business rescue commencement funding, which is crucial to the successful execution of its business rescue plan.  Khathutshelo "K2" Mapasa, chief executive of Basil Read, confirmed at the weekend that Basil Read Limited, the wholly-owned subsidiary of Basil Read Holdings that housed the group's construction division, which had voluntarily been placed under business rescue in June, had signed the required agreements on August 8 for the post-business rescue commencement funding.  "I am breathing a lot better.

What's your view on: Starting and running a small business…

ROSEBANK - With Women's Month almost at an end we asked local women their thoughts on business. With tough economic times and the dynamic world of business becoming a norm, the Rosebank Killarney Gazette asked some women to share their experiences of starting and running a small business. This is what they had to say… PHINDILE RATLOU: Most men don't believe in us and they don't even trust that we can pull off a deal.

ZTE back in business in South Africa

After suspending operations around the world following a ban by the US government, ZTE South Africa is back in business, the Chinese telecommunications equipment company said on Monday. "The recent US ban led to the corporation suspending business operations across the globe including in South Africa," it said. ZTE reached a settlement with the US department of commerce on 7 June, with the "denial order" against it lifted on 15 July.

#WomensMonth: Magda Wierzycka talks passion and business

When the dirty secrets of state capture and wrong doings in the boardrooms of corporate heavyweights such as KPMG and Steinhoff International started oozing out in the media, Magda Wierzycka, CEO of Sygnia was a lone voice brave enough to speak out against corruption. Magda Wierzycka, CEO: Sygnia. Photo: GSB"It is important to recognise that whatever you do in South Africa right now has political consequences," she told the University of Cape Town's Graduate School of Business' Women in Business conference.

Brazen robbers arrive in own trucks to steal containers from business

A gang of brazen armed robbers, driving trucks, pulled into a business premises in Amanzimtoti and stole trailers and containers, recently. This was the latest in a series of criminal incidents, including house break-ins and trespassing, which were reported in the area over the past few days. ALSO READ: Tip-off leads to arrest of wanted Amanzimtoti burglar and accomplice Blue Security community and media liaison officer, Andreas Mathios said a gang of four armed robbers arrived at the business premises in Aarden Place just after midnight.

EXCLUSIVE: New plan to revive business train from Durban to PMB

Durban - Former eThekwini boss S'bu Sithole is to revive the business express train project between Durban and Pietermaritzburg which never took off since it was mooted in 2009. In an exclusive interview with the Daily News, Sithole said more investment would be required. He said since he took over as the Passenger Rail of SA (Prasa) acting chief executive, the initial route earmarked for the train, the new main line from Durban Station via Cato Ridge, had been dumped for the old main line from Durban Station via Pinetown.

Basil Read gets R265m in business rescue

Students at India's private English-medium schools can barely read English MICHAEL MORRIS: Failed schools and policies, not race, are holding blacks back By IoL Business Report On 20 August 2018 · Leave a Comment Basil Read has secured R265 million in post-business rescue commencement funding.   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.

New Plan To Revive Business Train From Durban To PMB

Former eThekwini boss S'bu Sithole is to revive the business express train project between Durban and Pietermaritzburg which never took off since it was mooted in 2009. In an exclusive interview with the Daily News, Sithole said more investment would be required. He said since he took over as the Passenger Rail of SA (Prasa) acting chief executive, the initial route earmarked for the train, the new main line from Durban Station via Cato Ridge, had been dumped for the old main line from Durban Station via Pinetown.

Naspers concludes $2.2-billion Flipkart sale

Naspers said on Monday that it has concluded the sale of its 11.2% stake in Indian e-commerce company Flipkart, realising US$2.2-billion (about R32.

Naspers completes $2.2 billion Flipkart sale

Naspers says that the sale of its 11.18% stake in Indian e-commerce company Flipkart, to US-based retailer Walmart, for $2.2 billion is closed.

AngloGold ups half-year earnings, cash flow

JOHANNESBURG (miningweekly.com) - Solid production and cost performances helped gold mining company AngloGold Ashanti to deliver higher earnings and cash flow in the first half of this year. The increase in headline earnings of $85-million compared with a loss of $93-million in the first half of 2017 for the company, which is forecasting 2018 production at the top end of its guided range, and costs at the bottom end.

AngloGold CEO Srinivasan Venkatakrishnan exits on a high note with return to profit

AngloGold Ashanti swung back into interim profit, in a busy start to the year in which it sold mines in SA, secured government agreements for a fresh attempt to mine Obuasi, and announced the departure of CEO Srinivasan Venkatakrishnan. AngloGold, the world's third-largest gold miner by production, reported a post-tax profit of $43m for the six months to end-June from a loss of $165m in the same period a year earlier. Revenue fell to $2bn from $2.

AngloGold swings to profit as costs drop ahead of CEO handover

The company has cut back on its South African output after selling and closing unprofitable mines to curb losses. AngloGold Ashanti swung to a first-half profit after costs declined and output rose as the world's third-largest gold producer prepares for a change in leadership. Full-year production is now expected at the higher end of the previously forecast range, and costs will be at the bottom of the prior estimate, Johannesburg-based AngloGold said in a statement Monday.

UPDATE 1-AngloGold swings back into H1 profit, Obuasi mine reboot on track

(Adds details) JOHANNESBURG, Aug 20 (Reuters) - AngloGold Ashanti swung back into a first-half profit on the back of higher production and lower-than-expected retrenchment costs, Africa's top gold producer said on Monday. The firm posted headline earnings of $99 million for January-June, in line with figures it had previously flagged, compared with a headline loss for the same period last year of $89 million. The turnaround in performance was also due to the absence of one-off, non-cash settlement costs for silicosis class action claims which hit its earnings last year.

Sasol and AngloGold kick off a busy week for JSE watchers

A busy week on the results front kicks off on Monday with Sasol, AngloGold, Workforce and Erin Energy all due to report. Sasol expects to report on Monday its headline earnings per share (HEPS) for the year to end-June fell by up to 26%, it warned in a trading statement on July 20. Basic earnings — which will include a R3.

Remgro's affordable fibre rollout starts

NEWS ANALYSIS: EFF's Bank bill puts ANC on the spot Solly Msimanga to remain as mayor while on campaign By Business Day On 20 August 2018 · Leave a Comment Remgro unit Dark Fibre Africa is now targeting low-income areas   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.

AngloGold Ashanti swings back into H1 profit

JOHANNESBURG, Aug 20 (Reuters) - AngloGold Ashanti swung back into a first-half profit on the back of higher production and lower-than-expected retrenchment costs, Africa's top gold producer said on Monday. The company posted headline earnings of $99 million for January-June, in line with what it had flagged to the market, compared with a headline loss for the same period last year of $89 million. The turnaround in performance was also due to the absence of one-off, non-cash settlement costs for silicosis class action claims.

Steinhoff on track with restructuring

Steinhoff is on track to begin implementing its much-anticipated restructuring programme in late October, the company said on Friday. The group's Asia-Pacific operation is negotiating a long-term debt facility of A$200m — A$250m to help refinance its existing working capital facilities. Friday's announcement, the first monthly progress report, was made in line with obligations Steinhoff had given to its international creditors in the lock-up agreement that was finalised on July 20.

Business economists say Trump tariffs will harm US: survey

WASHINGTON - Business economists overwhelmingly worry President Donald Trump's trade wars will harm the US economy, according to a survey released on Monday. The Trump administration on Thursday is due to impose its latest round of punitive tariffs on China, putting 25 percent duties on another $16-billion in imports, with Beijing poised to retaliate dollar-for-dollar. The twice-yearly survey by the National Association for Business Economics also found respondents were split on December's sweeping tax cuts, but agreed Congress should do more to shrink the expanding budget deficit.

EXCLUSIVE: New plan to revive business train from Durban to Pietermaritzburg

Durban - Former eThekwini boss S'bu Sithole is to revive the business express train project between Durban and Pietermaritzburg which never took off since it was mooted in 2009. In an exclusive interview with the Daily News, Sithole said more investment would be required. He said since he took over as the Passenger Rail of SA (Prasa) acting chief executive, the initial route earmarked for the train, the new main line from Durban Station via Cato Ridge, had been dumped for the old main line from Durban Stati.

RESIDENTS BLAME BUSINESS PEOPLE!

A WAR on foreign shops seems to be brewing again. This was after three shops and a car belonging to a foreigner were burned in Inanda, Ntuzuma and KwaMashu on Thursday night. It's believed that local business owners who have been outspoken in their opposition to foreigners lately were behind the attacks.

#Loeries2018: All the Friday night winners

The Friday night winners of the 40th Annual Loerie Awards, which took place on 17 August 2018 at the Durban ICC, have been announced. Congratulations to all! Nkosenhle Madlala, councillor of the eThekwini Municipality, opened the ceremony with Loeries creative voice Donovan Goliath as emcee. Outgoing 'chair Aunty' Suhana Gordhan gave quite the speech, as always, this time on the theme of acceleration.

Sygnia plan ‘simply to get big fees out of alternative fund'

Sygnia CEO Magda Wierzycka certainly knows how to galvanise an audience, be they supporters or detractors. For those who believe the hedge fund industry has been a money-making racket for its managers, and not its clients, her declaration last week that hedge funds would be off the Sygnia menu was applauded. For the hedge fund managers who have consistently beaten the market, after fees, for a decade or more, it was part of a PR campaign designed to draw attention from Sygnia's decision to replace its fund-of-hedge fund offerings with a fund of alternative investments, which will attract fairly high fees of its own.

Two stars keep Harmony hopeful

Harmony Gold has given a bullish assessment of its Hidden Valley and Moab Khotsong investments, saying on Friday these had already helped reduce all-in sustaining costs for the year to end-June. The two investments Harmony pinned its hopes on for higher margins and improved cash generation also assisted with an increase in the underground recovered grade by 8%, the company said. The low-grade gold miner's headline earnings per share, however, are expected to decline 40%-45% to between R1.

Asia Markets: Asian markets mostly gain on U.S.-China trade-talk hopes

When ‘Truth Isn't Truth' — Mr. Orwell, Meet Donald Trump's Presidency By MarketWatch On 20 August 2018 · Leave a Comment Asian stock markets mostly gained in early trading Monday, following advances on Wall Street on Friday after reports that the U.S.

Australian iron ore miner Fortescue's annual profit halves

(Recasts, adds CEO and analyst quotes)MELBOURNE, Aug 20 (Reuters) - Australia's Fortescue Metals said on Monday that its annual profit halved as prices for its lower quality iron ore fell, and pledged to wring further efficiencies from its low-cost operations.The world's fourth-largest iron ore miner said underlying net profit after tax came in at $1.08 billion, in line with expectations and down from $2.

Nation-building is central to realising NDP target of growing the economy

SA needs a solution to avoid vicious cycles and make National Development Plan's virtuous cycle feasible again, writes Dino Galetti Until recently, the National Development Plan (NDP) was revered in public discourse and a means by which many government departments set targets. For example, as of 2016 the department of higher education allocated scholarships according to the NDP's injunction to produce PhDs to transform SA into a knowledge-intensive economy. Business Day columnist Tony Leon has observed that by proposing to amend the constitution on land expropriation, President Cyril Ramaphosa has contravened the NDP's principles.

Remgro's affordable fibre rollout starts

Remgro unit Dark Fibre Africa is now targeting low-income areas Remgro's fibre businesses have started pushing into low-income areas, which were largely ignored in the first wave of broadband rollouts across SA. Dark Fibre Africa (DFA), a subsidiary of Johann Rupert's JSE-listed investment vehicle, was moving into affordable housing projects, targeting units with rents between R4,000 and R11,000, said DFA CEO Thinus Mulder. The fibre projects are being run by DFA's SA Digital Villages unit, which installs and operates fibre-to-the-home connections.

POLITICAL WEEK AHEAD: Land expropriation questions on menu in National Assembly

President Cyril Ramaphosa faces a grilling over land expropriation without compensation in the National Assembly this week when he answers questions from MPs. The week will also see the start of the inquiry into state capture on Monday and the inquiry into governance and administration of the South African Revenue Service on Tuesday. Ramaphosa's declaration a few weeks ago that the ANC was committed to amending the constitution to clarify the conditions under which the expropriation of land without compensation could take place raised many questions, which might be answered in reply to questions on Wednesday.

LETTER: State capture inquiry — a waste of even more money?

Another week, another expensive inquiry — and this time into allegations of state capture, which public enterprises minister Pravin Gordhan estimates has cost SA at least R100bn. At a cost of roughly half our annual health budget, it is not an amount to ignore. But is spending the estimated R230m for the first six months of deputy chief justice Raymond Zondo's inquiry into state capture a case of throwing good money after bad? Given SA's track record with inquiries, it is hard to argue otherwise.

Business leaders' confidence in UK economy at lowest so far this year -survey

LONDON, Aug 20 (Reuters) - Business leaders' confidence in the British economy has fallen to its lowest point this year reflecting the impact of uncertainty over Britain's exit deal with the European Union, according to a survey published on Monday.With less than eight months to go until Britain is due to leave the EU, the government is yet to agree the terms of its departure with Brussels and has stepped up planning for the possibility of failing to reach a formal agreement.The survey of 750 business leaders, carried out by the Institute for Directors (IoD) employers group, found that after general economic conditions, uncertainty around trade with the European Union was the biggest concern.

GLOBAL MARKETS-Asia shares inch up, cautious on Sino-U.S. trade talks

* Eyes on Sino-U.S. trade talks touted for this week * Nikkei flat, KOSPI leads Asia shares higher * Dollar off highs, focus on China yuan and Turkish lira By Wayne Cole SYDNEY, Aug 20 (Reuters) - Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.

Laurium Capital celebrates 10 spectacular years

‘Our aggressive fund has done double the market return … and our flexible fund after five years is still the number one flexible fund.' - Murray Winckler, co-founder of Laurium Capital. RYK VAN NIEKERK: The independently-owned asset manager, Laurium Capital, celebrated its tenth birthday in July, the company was founded in 2008 by Murray Winckler and Gavin Vorwerg, and they remain the majority shareholders and the portfolio managers across all Laurium's funds.

KZN man hospitalised after being knocked down on Church street

KwaZulu-Natal: At 08H57 Saturday morning Netcare 911 responded to reports of a Pedestrian-vehicle collision on Church street Pietermaritzburg. Reports from the scene indicate that an adult male sustained minor injuries after being knocked down by a light motor vehicle. The patient was treated on scene and transported by Netcare 911 ambulance to hospital for further treatment.

Tesla shares tumble after Musk tells of exhaustion

Washington — Tesla shares took a pounding on Friday amid fresh fears about the future of the electric carmaker after an interview with CEO Elon Musk in which he revealed his struggles with exhaustion and a lengthy but unsuccessful effort to find a number two executive. Tesla shares skidded 8.9% to $305.

Woman killed after stabbing at residence in Margate

KwaZulu-Natal: At 14H16 Sunday afternoon Netcare 911 responded to reports of a stabbing at a residence in Margate extension 3 on the KZN South Coast. Reports from the scene indicate that an adult female was found in a critical condition had sustained multiple stab wounds to her entire body. Paramedics tried fervently to resuscitated the woman on scene who went into Cardiac arrest but she tragically died.

Gauteng: Two Dead After Car is Crashed Into Tree on Leeuwpoort Street in Boksburg South

- Netcare 911 responded to an accident on Leeuwpoort Street in Boksburg South, Gauteng. On arrival Netcare 911 and other emergency medical services attended to a male and female in their 20s. Upon further assessment paramedics found that the two had sustained fatal injuries and sadly they were declared on scene.

Two seriously injured in Umhlanga crash

KwaZulu-Natal: At 17H10 Saturday late afternoon Netcare 911 responded to reports of a collision on the M4 north bound just before the Umhlanga offramp. Reports from the scene indicate that the driver of a light motor vehicle lost control resulting in the vehicle rolling several times. Two patient both believed to be in there thirties sustained serious injuries and were treated on scene by an Emergency Care Practitioner.

Motorcyclist hospitalised in Uvongo collision

KwaZulu-Natal: At 19H44 Saturday evening Netcare 911 responded to reports of a collision on Marine drive in Uvongo on the KZN South Coast. Reports from the scene indicate that two adult males both on separate motorcycles were involved in a collision. One person sustained minor injuries, the other was assessed and declined ambulance transportation to hospital.

Motorist crashes into wall in Pietermaritzburg

KwaZulu-Natal: At 20H50 Saturday night Netcare 911 responded to reports of a collision on the corners of Scania road and Foden place in Copesville Pietermaritzburg. Reports from the scene indicate that a 23-year-old male driver lost control of his vehicle hitting a wall. The patient sustained minor injuries and was treated on scene and transported to hospital for further treatment.

Gold sector salary negotiations ‘lack pragmatic approach', says Solidarity

Salary negotiations in the gold sector will resume on Tuesday when the Minerals Council is expected to make a final salary increase offer to trade unions, Solidarity said. The council had so far been focusing only on category four to eight underground employees, while the tradesmen and other senior miners had received a ridiculous offer of below the inflation rate, ranging from 3.5 percent (Sibanye-Stillwater), four percent (Village Main Reef), to 4.

Gold sector wage negotiations to resume on Tuesday

JOHANNESBURG - Salary negotiations in the gold sector will resume on Tuesday when the Minerals Council is expected to make a final salary increase offer to trade unions, Solidarity said. The council had so far been focusing only on category four to eight underground employees, while the tradesmen and other senior miners had received a ridiculous offer of below the inflation rate, ranging from 3.5%(Sibanye-Stillwater), four percent (Village Main Reef), to 4.

FutureSpace's International Arbitration Centre a breakthrough in conflict resolution

South Africa is experiencing a troubling lack of prosecutions of commercial crimes in both the public and the private sector, Judge Dennis Davis lamented at the launch of a new arbitration centre last week. This absence of accountability in the judicial system, Davis said, is a result of the dearth of highly skilled local prosecutors who are willing and able to take on long and arduous white collar cases — and appropriate spaces for them to operate. It's creating an ever widening gap in the country's legal system: a loophole for the corrupt.

Sword of Damocles hangs over miners' heads

Only a fifth of those who could lose their jobs at South Deep mine, western Johannesburg, would be able to find other jobs. So said trade union Uasa's gold mining representative, Nico van Rooyen. This week Gold Fields said it could shed 1 560 more jobs, made up of 1 100 permanent employees and 460 contractors, out of a total workforce of more than 5 500 at South Deep to try to stem the mine's losses.

#Loeries2018 winners: Three more Grands Prix on Saturday night

by MarkLives ( @marklives ) Loeries Creative Week Durban 2018 has culminated with two award evenings at the ICC Durban. On Saturday night, 18 August 2018, there were also three Grands Prix awarded — in Radio (UAE), Film Communication (South Africa) and Integrated Campaign (UAE). Congrats to all.

ALL THE WINNERS!

The full list of winners for the 40th Annual Loerie Awards, which concluded on Saturday, 18 August 2017 at the Durban ICC, have been announced. Congratulations to all! Photo by Al Nicoll / 2018 Loerie Awards / Gallo Images After a day of more leisurely events in and around the Durban beachfront and recouperating from a night of celebration, attendees were ready as ever for the second night of the 2018 Loeries Awards. MEC for Economic Development, Tourism and Environmental Affairs, Sihle Zikalala, opened the ceremony, with Loeries creative voice Donovan Goliath as emcee.

Business leaders from various sectors meet in forum for trade

Nigeria and China business are looking to strengthen bi-lateral relations and boost trade volumes. This was resolved at the forum for production capacity and investment cooperation held at the International Conference Center in Nigeria's Capital, Abuja Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.

28-Year-old suspect arrested for business robbery after a shoot-out with police

Media Statement from Eastern Cape Media Centre Corporate Communication and Liaison South African Police Service A shoot-out with police ended with one suspect arrested after a business robbery at Kenako Mall, Struandale. At about 08:30 yesterday (18 August) a shop at Kenako Mall was targeted by five (5) armed suspects. They entered the shop and demanded money.

Five nabbed for business robbery

South African Police Service Five suspects have been arrested following a business robbery and attempted murder at Batlharos. The arrest happened on 17 Aug 2018 after police followed up on information and the alleged stolen money together with live ammunition was recovered from the suspects. It is alleged that on 15 Aug 2018, the five suspects robbed two foreign nationals of an undisclosed amount of money at their tuck-shop.

Vilakazi all business for Stars reunion

AmaZulu's new midfielder Nhlanhla Vilakazi will cast sentiment aside when he faces former team Free State Stars on Sunday for the first time since switching club loyalties in the off-season. READ: Ex-SSU, AmaZulu man enters coaching Vilakazi is all business ahead of the 15h00 kick-off at King Zwelithini Stadium in Umlazi. "My feeling is normal and I take them as any other team in the PSL," said Vilakazi, who has played the first two games of the new season.

Dolphins to host Women in Sport & Business Brunch

In celebration of women's month, the Hollywoodbets Dolphins will host a Women in Sport and Business Brunch on 30 August at Kingsmead Cricket Stadium. Speaking about the event, KwaZulu-Natal Cricket Union's Marketing Manager, Nana Ngubane, said that this idea came after having a thorough discussion with her team to figure out how the union, franchise and its players can help to advance women, especially in sport and business. "For many years women in sports and business have been somewhat side-lined, however in recent years, various sport federations have been gradually trying to right the wrongs of the past - in business as well, the world is now turning to female leaders for insight and counsel," she commented.

Mark Hulbert: Why gold has performed so poorly even though stock markets are volatile

Exclusive: One of the Pilots on the Infamous Delta Flight That Turned Around Over the Atlantic Reveals What Really Happened Do we need BailCoin? FBI refuses to take cryptocurrency in videogame hacking case By MarketWatch On 18 August 2018 · Leave a Comment Market timers' sentiment still doesn't favor a strong gold rally, writes Mark Hulbert.   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.

Emerging Markets Economic Events to Oct 31

Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- MONDAY, AUGUST 20 CANBERRA - Remarks by Philip Lowe, RBA Governor, at the breakfast event to launch ASIC's National Financial Capability Strategy 2018, Canberra - 2200 GMT. MUMBAI, India - Reserve Bank of India Deputy Governor N S Vishwanathan will speak at a banking conference.

DIARY-Emerging Markets Economic Events to Oct 31

Aug 18 (Reuters) - For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington —————————————————————————————- This Diary is filed daily.

EMERGING MARKETS-Mexico peso up on NAFTA outlook, Brazil stocks dip

(Recasts with peso gains) SAO PAULO, Aug 17 (Reuters) - Mexico's peso firmed on Friday after U.S. and Mexican officials said they were close to settling differences in NAFTA trade talks, while Brazilian equities slid on presidential race jitters.

Could mechanising mines be the solutions to deaths

JOHANNESBURG - Gold Fields is the latest mine to place major job cuts on the cards. It plans to lay off over a thousand people at its South Deep mine. Impala Platinum‚ also plans to shut down five mines and cut 13,000 jobs.

Ombud raps insurer on knuckles for poor service

Judge Ron McLaren, Ombudsman for Long-term Insurance The Ombudsman for Long-Term Insurance, Judge Ron McLaren, has criticised Alexander Forbes Life for the poor handling of a disability claim that caused the complainant to suffer inconvenience and distress. The Ombudsman said the delays his office experienced in dealing with the insurer, the incomplete responses and lack of supporting documentation from them added to the frustration the complainant had experienced throughout a stressful period in her life. In awarding the complainant compensation for poor service in claims handling, the Ombudsman said: "The fact that Alexander Forbes still denies any wrongdoing and has not apologised reflects a worrying lack of customer care and a need for more insight on their part of how their conduct impacts on a claimant's experience.

Why Old Mutual's 'homecoming' is a key litmus test for SA

In June this year, Old Mutual Limited celebrated what it called its 'homecoming'. The company, which is the emerging markets business of the former Old Mutual Plc, relocated both its headquarters and its primary listing back to South Africa. This reversed the steps that Old Mutual took nearly 20 years ago when it headed to London following its demutualisation.

Minerals Council South Africa launches national day of safety and health in mining

Minerals Council South Africa has launched a National Day of Safety and Health in mining to improve the sector's safety performance. This year, the industry has recorded several mining accidents resulting in a loss of about 58 lives. The campaign is the industry's re-commitment to its goal of zero harm and ensuring that all employees are safe at all times.

Construction worker hospitalised after being crushed by forklift

Western Cape: At 14H27 Friday afternoon Netcare 911 responded to reports of an injury at a construction site in Plattekloof, Parow. Reports from the scene indicate that an adult male sustained moderate injuries when a Forklift had overturned crushing his legs. The patient was treated on scene by an Advanced life support paramedic and transported by Netcare 911 to hospital for further treatment.

Steinhoff brings in the big gun; but is it a dead cat bounce move

Embattled retailer Steinhoff, still lingering in the wake of a Markus Jooste-inspired meltdown, is looking to strengthen the top team . Paul Copley's resume includes PwC, Lehman Brothers and Kaupthing EHF — the latter two, however, were victims of the 2008 credit crisis. He is expected to join the supervisory board.

Tesla shares tumble after Elon Musk admits heavy personal toll of his workload

Tesla shares fell hard Friday after chief executive Elon Musk's comments about his struggles with exhaustion as he works to ramp up production for the electric automaker and a lengthy but unsuccessful effort to find a number two executive. Elon Musk choked up at times during the interview with the New York Times | © NORTH AMERICA/AFP/File | Joshua LOTT In late morning trade, Tesla shares skidded 7.8 percent to $309.

Rich Russians start business in fear of losing wealth

Fin24.com | Grappling with tweet aftermath, Musk acknowledges exhaustion A messaging app with data-free texts is targeting Whatsapp in South Africa By IoL Business Report On 18 August 2018 · Leave a Comment Russia's wealthiest have held an iron grip on their assets since the Soviet Union's collapse, defending their fortunes from rivals or bureaucrats.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

A hilarious new memoir reveals the absurd business of selling books today

Wigtown is a coastal "book town" in Scotland that features an Airbnb rental where bibliophiles can spend their vacation living out the romantic fantasy of running a bookstore. And indeed, according to Shaun Bythell, a year-round bookseller in the same town, it's deeply romantic work: The evocative smell of books, mixed with cat piss; the customers who openly compare prices on their laptops to Amazon; the book-loving employees, always drunk or severely hungover; the orders for erotica titles such as Tokyo Lucky Hole; and the badgering of aspiring memoirists trying to find a publisher. Bythell's own memoir, The Diary of a Bookseller, is a hilarious read about a dreary year running The Book Shop, a large used bookstore in Wigtown.

Fin24.com | Magda Wierzycka's 10 tips to run your own business

How a Guernsey woman brought a construction project to a grinding halt with an ancient plea CryptoWatch: Crypto extends turnaround, adds more than $10 billion to market value By fin24.com On 17 August 2018 · Leave a Comment Most people who say they want to run a business, never actually end up doing it. Sygnia CEO Magda Wierzycka shares lessons on what it takes to run a business or even lead a successful career.

Nigeria:Snake Rearing a Lucrative Business - Official

[Premium Times] Abubakar Ballah, the Officer-in-Charge of Snakebite Treatment and Research Centre, Kaltungo, Gombe state, has called on Nigerians to embrace snake rearing to enhance their economic status..

Five nabbed for business robbery

Media Statement from Northern Cape Media Centre Corporate Communication and Liaison South African Police Service Five suspects have been arrested following a business robbery and attempted murder at Batlharos. The arrest happened on 17 Aug 2018 after police followed up on information and the alleged stolen money together with live ammunition was recovered from the suspects. It is alleged that on 15 Aug 2018, the five suspects robbed two foreign nationals of an undisclosed amount of money at their tuck-shop.

DISCUSSION: Women in business with Florence Nokuzola Mosepele

We continue with women's moth theme and we shine the spotlight on women in business. an enterprising young woman, who started her own business as means to raise money for university tuition fees says she started her company, Cleaners on Call, to focus on cleaning services in Krugersdorp in 2009. Florence Nokuzola Mosepele joins us now in studio to tell us her story For more news, visit: sabcnews.

Africa Business News - Live

Watch Africas first and only pan-African real-time financial and business network live online..

Is Uber still a viable business?

Uber has been in operation for a decade and is perhaps about a year away from its initial public offering. In March, Uber will turn ten years old. On paper, it's one of the world's most highly valued companies.

Creating Your Own Successful Bitcoin Business-Part 6

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.

#Loeries2018 winners: Three Grands Prix on Friday night

Loeries Creative Week Durban 2018 is culminating with two award evenings at the ICC Durban. On Friday night, 17 August 2018, there were three Grands Prix awarded — in Communication Design (Turkey), Digital & Interactive Communication (South Africa) and Print Communication (SA). Congrats to all.

CEO by day, Ironman in the early mornings, after work and on weekends

: This can be said of Isuzu Motors South Africa Chief Executive Officer and Managing Director Michael Sacke, who will be participating in the upcoming Isuzu IRONMAN 70.3 World Championship, taking place on 1 and 2 September in Port Elizabeth. While he has competed in five Ironman 70.

Tesla shares tumble after Elon Musk admits heavy personal toll of his workload

Tesla shares fell hard Friday after chief executive Elon Musk's comments about his struggles with exhaustion as he works to ramp up production for the electric automaker and a lengthy but unsuccessful effort to find a number two executive. Elon Musk choked up at times during the interview with the New York Times | © NORTH AMERICA/AFP/File | Joshua LOTT In late morning trade, Tesla shares skidded 7.8 percent to $309.

Tesla shares tumble after Elon Musk admits heavy personal toll of his workload

Tesla shares fell hard Friday after chief executive Elon Musk's comments about his struggles with exhaustion as he works to ramp up production for the electric automaker and a lengthy but unsuccessful effort to find a number two executive. Elon Musk choked up at times during the interview with the New York Times | © NORTH AMERICA/AFP/File | Joshua LOTT In late morning trade, Tesla shares skidded 7.8 percent to $309.

NCC orders more due diligence on preferred bidder for 9Mobile

Mergers, Acquisitions and Financial Results The Nigerian Communications Commission (NCC) says it has ordered more due diligence on the preferred bidder selected for 9Mobile, reports Premium Times. NCC's executive vice chairman Umar Danbatta said the due diligence will determine whether the bid winner has the technical capacity as well as the financial resources to successfully run the beleaguered telecommunications company. Danbatta said the commission would soon report to its board on the result of the due diligence.

Liquid Telecom in talks to share idle spectrum

Liquid Telecom is in talks with other network operators about making its idle spectrum, or radio waves, available to them, says the company's new SA CEO, Reshaad Sha. Mobile operators say they are starved of spectrum, partly because of the government's slow shift from analogue to digital broadcasting. This makes it more expensive for them to roll out network services.

Tesla shares tumble after Elon Musk admits heavy personal toll of his workload

Tesla shares fell hard Friday after chief executive Elon Musk's comments about his struggles with exhaustion as he works to ramp up production for the electric automaker and a lengthy but unsuccessful effort to find a number two executive. Elon Musk choked up at times during the interview with the New York Times | © NORTH AMERICA/AFP/File | Joshua LOTT In late morning trade, Tesla shares skidded 7.8 percent to $309.

Tesla shares tumble after Elon Musk admits heavy personal toll of his workload

Tesla shares fell hard Friday after chief executive Elon Musk's comments about his struggles with exhaustion as he works to ramp up production for the electric automaker and a lengthy but unsuccessful effort to find a number two executive. Elon Musk choked up at times during the interview with the New York Times | © NORTH AMERICA/AFP/File | Joshua LOTT In late morning trade, Tesla shares skidded 7.8 percent to $309.

Tesla shares tumble after Elon Musk admits heavy personal toll of his workload

Tesla shares fell hard Friday after chief executive Elon Musk's comments about his struggles with exhaustion as he works to ramp up production for the electric automaker and a lengthy but unsuccessful effort to find a number two executive. Elon Musk choked up at times during the interview with the New York Times | © NORTH AMERICA/AFP/File | Joshua LOTT In late morning trade, Tesla shares skidded 7.8 percent to $309.

South Africa's rand slides as lira plunge triggers EM sell-off

JOHANNESBURG (Reuters) - South Africa's rand weakened against the dollar on Friday, tracking its emerging market peers lower as the Turkish lira slid. South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. REUTERS/Siphiwe Sibeko At 1519 GMT, the rand traded at 14.

Market concentration is plaguing South Africa's private healthcare market

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Tesla shares tumble after Musk comments on personal toll

Tesla shares fell hard Friday after chief executive Elon Musk's comments about his struggles with exhaustion as he works to ramp up production for the electric automaker and a lengthy but unsuccessful effort to find a number two executive. In late morning trade, Tesla shares skidded 7.8% to $309.

JSE struggles to maintain earlier momentum

The JSE barely closed firmer on Friday as it struggled to maintain earlier gains. The rand weakened significantly against a basket of major currencies which saw it climb above R15/$. The local currency slipped to a session low of R15.

Foreign business owners flee Zeerust

Many foreign business owners have closed shop and fled from Zeerust in South Africa's North West province. This after coming under attack from locals who accuse them of drug dealing. The Congolese Solidarity Campaign has dismissed the allegations as unfounded.

SINAI BEAUTY! How Former Beauty Queen Esther Anima Titi-Lartey Turned Her Hobby Into Business

There is a new range of beauty products that everyone is talking about for all the right reasons you could think of, the name is Sinai Beauty, founded by former beauty queen Esther Anima Titi-Lartey. The beauty brand started as a hobby for Esther, who was making different beauty products at home for self-use, then she was motivated by close friends and family to turn it into a business that she could earn money from. But, Esther wasn't interested in making just the money without delivering the best quality of products to her imminent clients, so she took time to research very well into how and which natural ingredients to properly mix to arrive at a skin-care result.

Uganda wants unit of MTN Group to list locally before license extension

KAMPALA (Reuters) - Uganda has asked the local unit of South African telecoms giant MTN Group (MTNJ.J) to list some of its shares on the local stock exchange as a condition for renewing its operating license, a top official told Reuters on Wednesday. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC) said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years.

Icasa publishes findings on priority markets inquiry

Plans to undertake a market inquiry of the identified priority markets that may require regulation intervention in terms of the Electronic Communications Act will be announced in due course, the Independent Communications Authority of South Africa (Icasa) said on Friday. Mobile services, upstream infrastructure and wholesale fixed-access have been identified as priority markets that may be prone to regulations in future to address any potential market failures and introduce pro-competitive remedies. This followed Friday's publication of the findings document on the priority markets inquiry in the electronic sector as part of a three-pronged approach to reducing the high cost of communication.

Exxaro looks to Asian markets for exports growth

New Zealand takes the step SA once contemplated, with curbs on foreign property buyers Gemfields shares fall after Zambian tax authorities raid its offices By IoL Business Report On 17 August 2018 · Leave a Comment During the six months to June, the group's total coal production was up 7% to 23 397 tons, up from 21 892 tons last 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.

Exxaro looks to Asian markets for exports growth

New Zealand takes the step SA once contemplated, with curbs on foreign property buyers Gemfields shares fall after Zambian tax authorities raid its offices By IoL Business Report On 17 August 2018 · Leave a Comment During the six months to June, the group's total coal production was up 7% to 23 397 tons, up from 21 892 tons last 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.

Magda Wierzycka's 10 tips to run your own business

Most people who say they want to run their own business don't necessarily end up doing it, but it's not necessarily a bad thing said CEO of Sygnia Asset Management Magda Wierzycka. Wierzycka was speaking at the UCT Graduate School of Business's annual Women in Business conference held in Cape Town on Friday. "Running your own business does not necessarily mean you got to set up your own corner shop or your own company.

SCOPA Tells Transnet to Stop Looting to Improve Business

Parliament, Friday, 17 August 2018 -  The Standing Committee on Public Accounts (Scopa) has told the Transnet Board and management to stop the looting because the business is able to sustain itself very well because it makes money due to it being a monopoly. The alleged corruption and looting of resources is what is impacting negatively on Transnet. Scopa has also noted the breakdown in internal controls in the internal auditing and procurement departments.

Black economic empowerment conference to promote cause for women in business

Economic Report: U.S. consumer sentiment drops to 11-month low in August 4 Keys to Living a Happy, Well-Rounded Life as a Leader By IoL Business Report On 17 August 2018 · Leave a Comment B-BBEE Commission set to host its first empowerment conference in Gauteng province to promote awareness on opportunities for women.

JSE closes slightly higher as risk-off sentiment pares earlier gains

The JSE pared earlier gains on Friday to close just modestly higher as banks and financials retreated on a weaker rand. Sentiment turned risk-off on a weaker rand after EFF leader Julius Malema introduced a bill in parliament proposing that the state become the South African Reserve Bank's sole shareholder. Banking, financial and property stocks were the major losers on the day.

Amazon has reportedly lost its smart speaker dominance

Exxaro looks to Asian markets for exports growth Gemfields shares fall after Zambian tax authorities raid its offices Google has found its groove in the smart speaker market, nearly doubling the number of devices it shipped in the last year to 5.4 million units, and eclipsing Amazon—which shipped 4.1 million during the same time period.

MTN will not sell stake in online retailer Jumia

SARS inquiry gets going again, with Moyane's objections out of the way NewsWatch: Recession indicators are flashing a yellow ‘caution' signal, Pimco says By IoL Business Report On 17 August 2018 · Leave a Comment MTN Group said it has no plans to sell its investment in online shopping platform Jumia.   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.

China Resources Beer H1 profit rises 29 pct on higher prices

* Net profit 1.5 bln yuan in 6 mnths to end-June* Co says overall beer sales volume falls 1.5 pct in H1* Average selling price up 13 pct* Says Heineken deal to boost presence in China's premium mkt (Adds company comment, updates shares)By Donny KwokHONG KONG, Aug 17 (Reuters) - China's top brewer China Resources Beer (Holdings) Co Ltd posted a 29 percent rise in first-half net profit on Friday thanks to higher prices and improved sales of premium beers, a trend it said would continue.

Cosatu threatens to down tools

The Congress of the South African trade union (Cosatu) is asking for a moratorium on the job cuts at the Impala Platinum Mine (Implats) in the North West. Cosatu, today, marched against the planned retrenchment of 13 000 jobs over a period of the next two years at Implats in Rustenburg to deliver a memorandum. Cosatu deputy General Secretary, Solly Phetoe told OFM News, if implants continues with the threats to shed 13 000 jobs, the trade union will mobilise and embark on a nation-wide shutdown.

Three dead in Ntuzuma taxi crash

KwaZulu-Natal: At 15H50 Friday afternoon Netcare 911 responded to reports of a serious collision on the Ntuzuma main road and Ithendele drive in Inanda Glebe. Reports from the scene indicate that a mini-bus taxi and a light motor vehicle were involved in a collision. Tragically two people from the taxi and one person from the car died on scene a further twelve people sustained minor injuries.

JSE's food index slumps as producers suffer from indigestion

JSE opens higher as Naspers rebounds on better Tencent Rand slides as lira plunge triggers EM sell-off By Business Day On 17 August 2018 · Leave a Comment Shares in Denny Mushrooms owner Libstar plunged 24% after a trading update, while Tiger Brands, which was under pressure on Thursday, lost a further 7.6%   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.

WATCH: Stock picks — Aspen and Shoprite

Fin24.com | Rand breaches R15/$ in volatile trade Emerging stocks set for worst week since Feb, Turkey tumbles By Business Day On 17 August 2018 · Leave a Comment Nick Kunze from Bridge Fund Managers talks to Business Day TV about Aspen Pharmacare and Chantal Marx from FNB Securities discusses Shoprite   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.

KAP's ‘annus horribilis' could be coming to an end

Just one in five women is in senior management in SA WHO expects more Ebola cases in Congo, can't reach no-go areas By Business Day On 17 August 2018 · Leave a Comment Compounding the Steinhoff woes, fires in the southern Cape burnt 10% of KAP's planted forests, an explosion affected its car-parts unit, and storms around Durban damaged its chemical and car-parts unit there   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.

South Africa's rand slides as lira plunge triggers EM sell-off

(Updates rand, adds trader comment)JOHANNESBURG, Aug 17 (Reuters) - South Africa's rand weakened 2 percent against the dollar, tracking its emerging market peers lower as the Turkish lira slid.At 1005 GMT, the rand traded at 14.9900 per dollar, 1.

Three changes for SA Schools in Aon U18 Series finale

SA Schools coach Sean Erasmus maintained continuity in selection for their third and final match in the Aon U18 International Series at SACS, against England, making only three changes to his starting team that faced France. Jean-Jacques Kotze (hooker), Celimpilo Gumede (flanker) and Stravino Jacobs (winger) have been drafted into the run-on team in place of Jacques Goosen, Sibusiso Sangweni and Wyclef Vlitoor respectively. Adrian Alberts has retained the captaincy after recovering from niggling injury that ruled him out of the opening match against Wales.

MTN under pressure to list its Uganda unit to renew operating licence there

While listing isn't a pre-condition for getting a new 10-year contract, the country wants ‘Ugandans to be part of the company' The carrier is also offering a 35% stake of its Ghanaian unit to local investors in return for access to local spectrum, in what will be that country's biggest-ever IPO. An MTN spokesperson said the carrier couldn't immediately comment on a potential Uganda listing. Kampala — MTN Group is facing pressure to list its unit in Uganda as Africa's largest mobile-phone company seeks to renew a licence in the country.

Market concentration is plaguing South Africa's private healthcare market

The preliminary findings of a recent inquiry into South Africa's private healthcare sector shows worrying trends. Key among the inquiry's revelations are high concentration levels in the market. Photo: ShutterstockFor example, the report shows that 70% of the open medical schemes market is controlled by two players - Discovery Health Medical Scheme and Bonitas.

Campbell Taps Goldman To Examine Sales Of Business Units To Pay Down Debt- CNBC

Aug 17 (Reuters) -* CAMPBELL TAPS GOLDMAN TO EXAMINE SALES OF BUSINESS UNITS TO PAY DOWN DEBT- CNBC, CITING SOURCES* CAMPBELL IS WEIGHING SALE OF AUSTRALIAN COOKIE BRAND, ARNOTTS BISCUITS AND ITS FRESH FOOD UNIT- CNBC , CITING SOURCES Source text : https://cnb.cx/2MUKXoz Further company coverage: 2018-08-17 15.

Project pitch and match business forum

The Project pitch and Match Business forum is taking place Saturday. The forum provide SA entreprenuers opportunity to pitch and match their projects or business with investors from brics and african countries. To tell us more about this forum we are joined by Dr Charles Sinkala who is the President of the SADC BUSINESS COUNCIL.

Business Is MTN's decision to sign a N200 billion loan deal a hit or miss?

Telecommunications giant, MTN Nigeria has signed a loan deal worth N200 billion in Lagos. The The loan which is said to be channelled towards the company's capital expenditure is denominated in Naira and is expected to be repaid within seven years. The event was attended by many industry players, top officials from the telecommunication companies, stakeholders in the financial sector and officials of the participating banks.

How can women work together in business?

Studies have shown that it's not easy for women to work together towards their success in business or in the workplace. If women did work together, the economy would have greater potential to grow, with associated higher employment levels. Studies also show that businesses that are led by women are more profitable and more impactful in the community.

‘You don't need R1 million to start a business'

NativeChild founder Sonto Pooe says the business was built up in small, achievable steps. Natural hair and body care brand NativeChild was born out of Sonto Pooe's struggle with unruly African hair. As a teenager, she dreamt of owning her own hair care brand that was natural and functional for African hair and skin.

EMERGING MARKETS-Brazilian equities drop amid political woes, lira rout

SAO PAULO, Aug 17 (Reuters) - Brazilian equities slid on Friday after a major opinion poll painted a grim picture for the market's favorite presidential candidates, while concerns regarding Turkey's lira currency lingered. A poll released on Friday by Sao Paulo's XP Investimentos showed right-wing populist congressman Jair Bolsonaro leading the field for October's presidential election, assuming that former leftist President Luiz Inacio Lula da Silva is barred from running due to corruption charges, which is considered likely. The poll also showed leftist former Sao Paulo Mayor Fernando Haddad gaining ground, while market-friendly centrist Geraldo Alckmin struggled to gain traction despite backing from an array of powerful political parties.

North Africa and Middle East markets must be explored

South Africa has to explore North African and Middle Eastern markets, which will grow exponentially in the next decade. Those countries do not have the capacity to grow their own food, according to Dr Holger Matthey, an economist in trade and markets at the Food and Agriculture Organization of the United Nations. South Africa has to explore North African and Middle Eastern markets, which will grow exponentially in the next decade.

Findings in respect of the inquiry into priority markets

Johannesburg - The Independent Communications Authority of South Africa (ICASA) is publishing the findings in respect of the inquiry embarked upon to identify priority markets that may be prone to regulations in future.  This is one of the three-pronged approach to reducing the high cost of communication for the benefit of consumers.  ICASA received eight submissions on the discussion document from interested stakeholders and conducted public hearings.

JSE opens higher as Naspers rebounds on better Tencent

Metair should weather currency storm JSE's food index slumps as producers suffer from indigestion By Business Day On 17 August 2018 · Leave a Comment Naspers's gains lifted the whole market, with banks and financials higher despite a weaker rand trading at R14.70 to the dollar   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.

MTN under pressure to list in Uganda

MTN Group is facing pressure to list its unit in Uganda as Africa's largest mobile phone company seeks to renew a licence in the country. While selling shares on the local bourse isn't a precondition for the granting of a new 10-year contract, the East African nation wants "Ugandans to be part of the company", according to Godfrey Mutabazi, the executive director of the country's telecommunications regulator. MTN's current licence expires in October.

Balanced funds offer promising returns-learn more at the Wealth Conference

Ahead of the upcoming Wealth Summit hosted by Jenwil Bluestar in association with The Roots and the Potchefstroom Herald on 13 September, we spoke to Hamilton van Breda, head of retail sales at Prudential Investment Managers. ‘Despite the broadly disappointing returns from South African assets in recent times, particularly equities, at Prudential we believe many assets are currently valued to offer promising inflation-beating returns over the medium term. Therefore, investors have good reason not to switch to cash, but instead to have faith in diversified portfolios like balanced funds that can provide attractive returns with lower risk,' van Breda said.

PE Business in the news: Report foresees ‘black empowerment' issue for Oceana ahead of rights allocations

Promote your business on BuyPE and MyPR . Report foresees ‘black empowerment' issue for Oceana ahead of rights allocations : South African fishing giant Oceana Group faces a number of challenges as new CEO Iran Soomra takes the wheel, including a fight to maintain quotas in the 2020 rights allocation process, reports Busine… Source: "Port Elizabeth" business - BingNews . PORT ELIZABETH ( ZA ) Port Schedules : Schedules, ports of call and prices described here above, are only for indicative and commercial purpose and cannot be considered as contractual commitment from CMA CGM.

Vodacom's YeboYethu BEE scheme smashes it - six-bagger in ten years, with more to come

LONDON — If all Black Economic Empowerment schemes delivered as well as Vodacom's YeboYethu offering, there would be no debate about a philosophy which some feel has been hijacked by elites. Vodacom's 2008 scheme, which required a minimum investment of R2,500, has delivered for 85,000 black shareholders and 8,500 staff. Their initial investment is now worth almost R16,000 - with roughly half of that about to be distributed by way of a special dividend.

Ubhale incwadi ekhuthaza intsha

NGEMUVA kokudlula ezimweni ezinzima empilweni yakhe ngesikhathi esakhula uNks Thembi ‘Shilex' Shange unqume ukuthi abhale incwadi esihloko esithi: nahlose ngayo ukukhuthaza intsha ukuba ibekezele noma kunzima. UNks Shange okhulele endaweni yaseSiginqgini e-Edendale utshele i- Echo ukuthi ubone kungcono ukuba abhale le ncwadi ukuze ezokwazi ukukhuthaza intsha ukuthi ingalilahli ithawula. Uthe lokhu kungezinye zezindlela afuna ukulekelela ngayo intsha ukuba ikwazi ukufeza amaphupho ayo noma kunzima.

Ninety SANDF Education Trust bursaries - the most yet

The SA National Defence Force (SANDF) Education Trust has this year made bursaries available to 90 scholars and students across the education spectrum, 16 more than last year. The bursaries issued across primary, secondary and tertiary education levels are worth R1.7 million in total and include two "star performers" according to Trust patron Major General Roy Andersen.

RMB plays pivotal role in Vodacom's R16.4 billion transaction

To unlock and secure BEE shareholding for another 10 years. Vodacom's landmark BEE transaction positions YeboYethu as the largest B-BBEE shareholder and 3rd largest shareholder in Vodacom Group Ltd. Moneyweb journalist Ray Mahlaka talks to RMB Corporate Finance Transactor Kgolo Qwelane about this deal in more detail.

10 shares with potential for high dividend yields

I don't want to sound like a Masterchef contender, but we all know that you can bake an amazing bread with a relatively small piece of dough. This is possible, because prior to baking, the dough should be left to rise properly in the oven, and then baked to perfection. If you (like me) become impatient, however, and open the oven before the bread is done, your half-baked bread will collapse and you may end up with a piece of bread that's even smaller than the original piece of dough.

Rand slides as lira plunge triggers EM sell-off

The rand's weakness this week has also come after concerns over South Africa's economic outlook. | JOHANNESBURG - The rand weakened 2% against the dollar, tracking its emerging market peers lower as the Turkish lira slid. At 10.

Britain's FTSE rises as miners, oil stocks rebound

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.1 pct* Trade talk optimism buoys markets* Miners, big oil boost index* Price target cuts weigh on Kingfisher, Kaz MineralsBy Kit ReesLONDON, Aug 17 (Reuters) - Britain's top share index inched higher on Friday on the back of a continued recovery in mining stocks, though investor wariness over recent geopolitical events put the index on track for its biggest weekly loss in nearly five months.The blue chip FTSE 100 index was up 0.

Afraid of no-one and ready for a long strike, union leader tells Implats

JOHANNESBURG - Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13 400 jobs, the union's president said on Thursday. Joseph Mathunjwa, who led a five-month strike in 2014, was speaking at a televised memorial marking the sixth anniversary of the "Marikana Massacre" when police shot dead 34 workers taking part in a strike at Lonmin's platinum mine there. "No-one scares us, five months was nothing," said a visibly angry Mathunjwa before thousands of his members, adding that nothing would move during the strike in the platinum belt, home to one of South Africa's most important industries and location of the majority of the world's reserves of the precious metal.

Rand slides as lira plunge triggers EM sell-off

The rand was rattled overnight by news that the EFF had introduced a bill to nationalise the central bank. South Africa's rand weakened 2% against the dollar, tracking its emerging market peers lower as the Turkish lira slid. At 10:05 GMT, the rand traded at 14.

Fleet repossession in Emfuleni to worsen service delivery problems

The municipality allegedly had a contract with the fleet provider, which ran its course and was not renewed. 2 hours ago The Emfuleni Local Municipality (ELM) has responded to the repossession of its Bidvest fleet, which was dedicated to emergency services. The ELM fleet was repossessed on Wednesday afternoon, and included vehicles belonging to the traffic, fire, water and sanitation and electricity departments, according to ward 5 DA councillor Phillip Nothnagel.

Uganda wants MTN to list locally before licence extension

Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC), said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years. "We are evaluating the conditions of [licence] renewal and that's one of the points we are discussing," he said, referring to listing shares on the local Uganda Stock Exchange.

UPDATE 1-South Africa's rand slides as lira plunge triggers EM sell-off

(Updates rand, adds trader comment) JOHANNESBURG, Aug 17 (Reuters) - South Africa's rand weakened 2 percent against the dollar, tracking its emerging market peers lower as the Turkish lira slid. At 1005 GMT, the rand traded at 14.9900 per dollar, 1.

EDITOR'S LUNCHBOX: Wake up and smell the faeces, say people living near the Vaal River

Appointing the right national director of public prosecutions may be the president's most important decision when you add David Mabuza to the mix Stories of Note Bytes from the digital world Coal from Gupta-owned mines that Eskom's former acting CEO Matshela Koko claims passed quality tests could have come from anywhere, according to investigators. The Lost Boys of Bird Island co-author Chris Steyn has accused her then employer, the Cape Times, of being excessively cautious in refusing to print the allegations presented in her book. Then Cape Times editor Tony Heard defends his decision.

KAP's ‘annus horribilis' could be coming to an end

KAP Industrial is finally seeing an end to the damage from its association with scandal-plagued Steinhoff. The supplier of timber, chemicals, car parts and other industrial products saw its shares slump 6.8% when Steinhoff's financial wrongdoing was uncovered in December.

DINNER PARTY INTEL: Markus Jooste goes to church

Disgraced former Steinhoff CEO Markus Jooste emerged from hiding on Sunday, but only for a brief while 1. Markus Jooste goes to church Disgraced former Steinhoff CEO Markus Jooste emerged from hiding on Sunday, but only for a brief while and not quite in the public eye. He attended the christening of his 10-month-old granddaughter — the child of his daughter Andrea and her husband, Stefan Potgieter — in the NG Church in Hermanus, according to Die Burger.

Gold Fields confirms Ghana pressure for local minerals purchases

THE latest twist of the African resource nationalisation screw may be coming from Ghana where the government intends enforcing the purchase of up to 30% of the gold produced in the country directly from the mining companies. According to a note in the Gold Fields' interim report for the six months to June, a letter dated July 31 from the Ghanaian government was delivered to the Ghana Chamber of Mines informing it of this action. It requested the Chamber to tell its members to "… be prepared to engage with the Ministry to finalise measures to ensure implementation by November 1, 2018".

AMCU's Mathunjwa threatens fresh wave of platinum strikes

JOSEPH Mathunjwa, president of the Association of Mineworkers & Construction Union (AMCU) has threatened a fresh round of industrial action following announcements by the country's major platinum miners they intend to cut jobs. "We will bring the platinum belt to its knees and nothing will move here," BusinessLive quoted Mathunjwa to have said at a rally to commemorate the Marikana massacre in North West province . "We don't fear you.

10 shares with potential for high dividend yields

I don't want to sound like a Masterchef contender, but we all know that you can bake an amazing bread with a relatively small piece of dough. This is possible, because prior to baking, the dough should be left to rise properly in the oven, and then baked to perfection. If you (like me) become impatient, however, and open the oven before the bread is done, your half-baked bread will collapse and you may end up with a piece of bread that's even smaller than the original piece of dough.

'The revolution is imminent'

Joseph Mathunjwa warned last week of unspecified industrial action by his Amcu at Implats over its plans to cut around a third of its workforce, in a bid to return to profits in the face of depressed prices and soaring costs. | JOHANNESBURG - Members of South Africa's Amcu mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if , the union's president said on Thursday. Joseph Mathunjwa, who led a five-month strike in 2014, was speaking at a televised memorial marking the sixth anniversary of the "Marikana Massacre" when police shot dead 34 workers taking part in a strike at Lonmin's platinum mine there.

JSE's food index slumps as producers suffer from indigestion

Shares in Denny Mushrooms owner Libstar plunged 24% after a trading update, while Tiger Brands, which was under pressure on Thursday, lost a further 7.6% The JSE's food producers index suffered a 3% slump on Friday morning following trading updates from three of its constituents. Recently listed food group Libstar's share price plunged 24% to R8.

JSE opens higher as Naspers rebounds on better Tencent

The JSE opened firmer on Friday as Naspers bounced back on an upbeat showing by Chinese internet company Tencent, in Hong Kong trade. The all share was above 57,000 points again, the same level at which it started the week before it dipped below 56,000 points in the middle of the week. Tencent was up 3% on the day after falling sharply earlier in the week on disappointing quarterly results.

Fleet repossession in Emfuleni to worsen service delivery problems

The Emfuleni Local Municipality (ELM) has responded to the repossession of its Bidvest fleet, which was dedicated to emergency services. The ELM fleet was repossessed on Wednesday afternoon, and included vehicles belonging to the traffic, fire, water and sanitation and electricity departments, according to ward 5 DA councillor Phillip Nothnagel. It was initially alleged that the ELM defaulted on payments towards the fleet, but according to a statement issued by the municipality, the contract with the fleet provider ran its course and was not renewed.

South African Mining Union Threatens Year-Long Strike, Afraid of No One

JOHANNESBURG ( ) - Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13,400 jobs, the union's president said on Thursday. President of South Africa's Association of Mine workers and Construction Union (AMCU) Joseph Mathunjwa sings before addressing Lonmin strikers at the Wonderkop stadium in Nkaneng township outside the Lonmin mine in Rustenburg May 14, 2014. REUTERS/Siphiwe Sibeko/File Photo Joseph Mathunjwa, who led a five-month strike in 2014, was speaking at a televised memorial marking the sixth anniversary of the "Marikana Massacre" when police shot dead 34 workers taking part in a strike at Lonmin's platinum mine there.

Uganda wants MTN to list locally before licence extension

Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC), said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years. "We are evaluating the conditions of [licence] renewal and that's one of the points we are discussing," he said, referring to listing shares on the local Uganda Stock Exchange.

Safa president travels to Zurich to meet business leaders

According to a Safa statement, part of the aim of his trip is to seek the football governing body's insight on how to grow Safa's digital platforms. The Safa statement: Dr Jordaan will be in Switzerland at FIFA Headquarters for most of the weekend and will touch base with a number of football business divisions. Part of the aim of his trip is to seek the football governing body's insight on how to grow SAFA's digital platforms.

eThekwini ready to host North Regional Business Fair

Durban - eThekwini Municipality's pioneering initiative of regional business fairs - invented five years ago to stimulate growth among small, medium and micro-sized enterprises (SMMEs) - will host its last leg of the regional fairs in 2018 (the North Fair) at Bridge City Mall in KwaMashu on August 17 to 19. During the first day of the North Fair, Mayor Zandile Gumede will launch the ground-breaking Radical Economic Transformation (RET) database registration roadshow and will thereafter address entrepreneurs on how to do business with the Municipality. "The database will ensure that the RET process is inclusive and opportunities reach all communities," she said.

Boeing set to acquire Millennium Space Systems to improve defence and space business

The US-based aircraft manufacturing company, Boeing, is set to purchase the small-satellite company, Millennium Space Systems, in a bid to enhance its defence and space business, Washington Business Journal reports. Millennium Space System focuses at offering cost-efficient access to space to its customers. The firm sends the small satellites into orbit more efficiently, between one and four years, as well as offering a highly-reduced rate which is thought to save hundreds of millions of dollars.

How 20-year-old Sakhile Maseko built a 'try before you buy' watch retail business

Twenty-year-old Sakhile Maseko is the founder of Aumax, a small business that sells luxury products such as watches directly to South African consumers using Facebook. The startup also offers a 'try before you buy' experience of cash on delivery. Delivery itself happens a maximum of 24 hours after an order is placed.

Professor (5 Year Contract): Business Analysis / Finance

REQUIREMENTS Professor Level Minimum DCom, DBA or PhD in a relevant discipline (Business Analysis and/or Finance) Associate Professor Level Minimum DCom, DBA or PhD in a relevant discipline (Business Analysis and/or Finance) Senior Lecturer Level PhD ideal or MBA or Masters Degree in relevant discipline (Business Analysis and/or Finance) with progress being made towards PhD RESPONSIBILITIES Teaching: Prospective candidates must have a background in the area of Business Analysis and/or Finance . In the event that the focus is Business Analysis , then the selected candidate will be primarily responsible for marketing, coordinating and driving the growth of the newly approved Postgraduate Diploma in Business Analysis (NQF8) commencing in 2019 and securing CHE accreditation and SAQA approval for the Advanced Diploma in Business Analysis (NQF7) to be launched in 2020. Insofar as the latter is concerned, this will entail the implementation of a fully-fledged online platform as the University has approval from the DHET to offer this as full on-line distance learning programme.

Business Linkages And Investment Readiness

The Africa Women Innovation & ship Forum (AWIEF) is hosting its flagship Growth Accelerator Programme for 2018, sponsored by Nedbank. The Africa Women Innovation & Entrepreneurship Forum (AWIEF) is hosting its flagship Growth Accelerator Programme for 2018, sponsored by Nedbank. AWIEF is seeking 25 ambitious, innovative and committed early-growth-stage South African women entrepreneurs, from a variety of sectors, looking for support to scale their businesses.

Business success secrets of entrepreneurs you need to know

With a majority of African nations diversifying from traditional sources of income, entrepreneurship is increasingly seen as a key to economic growth; Sean Drake, Founder and Entrepreneur of The Wealth Project joins CNBC Africa with seven secrets of what it takes for an entrepreneur to turn a business idea into reality..

SE Asia Stocks-Most markets rise on plans for U.S.-China trade talk

* Singapore sheds early gains, ends slightly lower Aug 17 (Reuters) - Most Southeast Asian stock markets ended higher on Friday after China and the United States agreed to hold their first trade talks since June later this month and the Turkish lira extended its recovery from a record low hit earlier this week. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet U.S.

Afraid of no-one and ready for a long strike, union leader tells Implats

FILE PHOTO: President of South Africa's Association of Mine workers and Construction Union Joseph Mathunjwa sings before addressing the Lonmin strikers at the Wonderkop stadium in Nkaneng township out JOHANNESBURG (Reuters) - Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13,400 jobs, the union's president said on Thursday.Joseph Mathunjwa, who led a five-month strike in 2014, was speaking at a televised memorial marking the sixth anniversary of the "Marikana Massacre" when police shot dead 34 workers taking part in a strike at Lonmin's platinum mine there."No-one scares us, five months was nothing," said a visibly angry Mathunjwa before thousands of his members, adding that nothing would move during the strike in the platinum belt, home to one of South Africa's most important industries and location of the majority of the world's reserves of the precious metal.

Elon Musk Reveals Emotional Price of "Excruciating" Year in Business

South African expat and billionaire entrepreneur Elon Musk, who lives in the US, has revealed in a highly emotional interview with the New York Times the high price that he's paid for his business success. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S.

Rwanda:Sixteen Foreign Companies Register Business in Rwanda

[New Times] Some 16 foreign firms that participated in the just-concluded Rwanda International Trade Fair have expressed interest in starting their operations in Rwanda, underlining the growing influence of the expo on investments..

BOJ may be 'stealth tapering' in stock markets, analysts say

* BOJ seen allowing greater stock moves without intervention* Analysts think BOJ has begun tapering stock purchases* BOJ has already tapered bond buying from Y80 trln targetBy Tomo UetakeTOKYO, Aug 17 (Reuters) - Japan's central bank appears to be growing more comfortable with larger declines in the country's stock prices, a sign it may have begun in the share market what analysts describe as "stealth tapering" of its massive monetary stimulus.The Bank of Japan refrained from buying stocks on two days this week when the Topix index was down more than 0.4 percent by midday, a departure from a previous pattern in which it bought exchange-traded funds (ETFs) on days when the index fell more than 0.

EMERGING MARKETS-Emerging stocks set for worst week since Feb, Turkey tumbles

LONDON, Aug 17 (Reuters) - Emerging equities were set for their worst week since February after sliding into bear territory while currencies came under fresh pressure on Friday, with Turkey's lira taking another tumble despite central bank measures earlier in the week. MSCI's benchmark emerging stocks index ended the week on a slightly calmer note, up 0.2 percent, and snapping a seven-day losing streak on tentative optimism that U.

GLOBAL MARKETS: Jet Airways under pressure

Jet Airways India was once at the forefront of India's rapidly growing market for air travel, but budget carriers and surging fuel prices are backing the airline into a corner. Shares of the carrier, part-owned by Etihad Airways PJSC, plunged 15% on Friday in Mumbai after the company postponed announcing its first-quarter earnings, less than a week after denying a report that it needs drastic measures to cut costs and bolster its finances. Barclays lures SocGen analysts Barclays Plc, one of Europe's biggest investment banks, has hired a team of equity analysts from rival Societe Generale SA as CEO Jes Staley seeks to make more money from trading stocks.

Cleaner-turned-entrepreneur inspires youth through tourism business

Jojo Tsheola has always been a big dreamer and had a keen interest in the tourism business. Even while he was working as a cleaner, he continued to believe he would accomplish his teenage dream of leaving Limpopo to make a career in tourism. He is now celebrating a decade of operating Tsheola Dinare Tours and Travel.

Comic Con to host Business of Gaming Forum

The inaugural Business of Gaming Forum will be hosted as part of Comic Con Africa 2018, and will take place on Friday, 14 September at the Kyalami Grand Prix Circuit & International Convention Centre. The Business of Gaming Forum will focus on the aspects of gaming that brands and corporates alike can tap into to further monetise their investments. The line-up of speakers includes both local and international experts on all matters relating to the business of gaming.

JSE opens higher as Naspers rebounds on better Tencent

The JSE opened firmer on Friday as Naspers bounced back on an upbeat showing by Chinese internet company Tencent, in Hong Kong trade. The all share was above 57,000 points again, the same level at which it started the week before it dipped below 56,000 points in the middle of the week. Tencent was up 3% on the day after falling sharply earlier in the week on disappointing quarterly results.

Investors pulled $1.4bn from SA, emerging markets in last week - IIF

An emerging-market selloff has picked up pace over the last week as concerns about Turkey and others have compounded longer-term worries about a global trade war, a strong dollar and rising borrowing and energy costs. | LONDON - Investors rattled by events in Turkey, China and South Africa have pulled $1.3 billion out of emerging-market stocks in the last week and $100 million from bonds, according to the Institute of International Finance, which tracks financial flows.

Take advantage of Black Friday

According to Google Trends, last year South Africa registered the largest ‘Black Friday' search interest of any country, even ahead of the US where the retail mega-event was conceived. "South African retailers first began promoting the Thanksgiving weekend double bill of Black Friday and Cyber Monday in 2014. Just three years later Facebook data shows that Black Friday 2017 was South Africa's busiest online shopping day of the year," says Brendon Williamson, chief security officer of DPO PayGate.

WATCH: Stock picks — Aspen and Shoprite

Nick Kunze from Bridge Fund Managers chose Aspen Pharmacare as his stock pick of the day and Chantal Marx from FNB Securities chose Shoprite. Kunze said that Aspen, which releases its results on September 3, is "a defensive play" in the current environment as it has been trading sideways for some time. "They are looking at fetching around R16bn for their milk business, which will help them pay off their debt which has been a concern recently for shareholders.

Nigeria's Publiseer accepted into Venture Incubation Programme

Chidi Nwaogu, Co-founder of Publiseer. Nigeria's digital publishing company, Publiseer has been accepted into the Venture Incubation Programme Winter School 2018. The programme will take place at Solution Space, Graduate School of Business, University of Cape Town, in Cape Town, from 3 September 2018 to 30 November 2018.

Nigeria's Publiseer accepted into Venture Incubation Programme

Nigeria's digital publishing company, Publiseer has been accepted into the Venture Incubation Programme Winter School 2018. The programme will take place at Solution Space, Graduate School of Business, University of Cape Town, in Cape Town, from 3 September 2018 to 30 November 2018. The programme twice every year selects 15 of the best digital startups from across Africa in the areas of fintech, e-commerce, healthtech, sport & news, IoT, energy, agritech and edtech.

Listeriosis effect bites Tiger Brands

Wall St rallies on solid earnings, US-China trade talks Key Words: Tesla's Elon Musk describes ‘excruciating' year, says ‘worst is yet to come' By IoL Business Report On 17 August 2018 · Leave a Comment Tiger Brands' share price tanks 10% after it flagged earnings were expected to slide up to 37?percent as it counts the costs of listeriosis fall-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.

Art of tweeting for business leadership

Fin24.com | Treasury crunching numbers in case zero VAT list widens revenue gap Sishen helps lift Exxaro dividend By IoL Business Report On 17 August 2018 · Leave a Comment This week Elon Musk - Tesla chief executive - tweeted: "Am considering taking Tesla private at $420. Funding secured".

KZN man shot in head while collecting water.

KwaZulu-Natal: At 18H51 Thursday evening Netcare 911 responded to reports of a shooting on the R103 Zeederburg Road, Merrivale in the KZN Midlands. Reports from the scene indicate that while collecting water from a road side tap an adult male believed to be in his forties sustained a gunshot wound to his head. The patient was assessed by an Advanced life support paramedic and found to have no signs of life and was declared deceased on the scene.

Higher coal prices lift Exxaro's earnings

JSE listed resources group, Exxaro Resources reported a 14 per cent increase in its interim revenue to R12.3 billion. CNBC Africa is joined by Exxaro CEO, Mxolisi Mgojo for more.

Listeriosis effect bites Tiger Brands

DURBAN - Tiger Brands' share price tanked 10?percent after it flagged its earnings were expected to slide up to 37?percent with consumers under pressure in a slowing economy and as it counted the costs of its listeriosis fall-out. It's expected financial performance was in stark contrast to that anticipated by RCL Foods, which reported yesterday that it expected its headline earnings a share for the year to June to increase by between 41.7?percent and 57.

Standard Bank scores 5% profit growth

DURBAN - Standard Bank reported a 5?percent increase to R12.7?billion in headline earnings for the six months to end June, boosted by 32?percent growth in its Africa regions.  The group said yesterday that the top five contributors in the Africa regions were Angola, Ghana, Mozambique, Nigeria and Uganda.

AdFocus 2018: Two weeks to go before entries close

There are fewer than two weeks to go before entries close, on August 24, for this year's FM AdFocus Awards - SA's premier advertising awards. If you have yet to enter, it's time to get busy before it's too late. Categories this year include large, medium and small agency of the year; specialist agency; digital agency; network media agency; independent media agency; PR agency; African impact; transformation; shape shifter (which replaces the new broom award); partnership; industry leader: lifetime achievement; and student of the year.

Curro to build more private schools in townships

Private education group sets aside R400 million for six new campuses; part of its R2-billion-plus capex budget. Curro's push into the lower-fee private school market has been many years in the making. Photo: Moneyweb BUSINESS NEWS - Private education group Curro Holdings plans to spend R400 million building six new campuses in the 2018 financial year.

Curro to build more private schools in townships

Private education group sets aside R400 million for six new campuses; part of its R2-billion-plus capex budget. Curro's push into the lower-fee private school market has been many years in the making. Photo: Moneyweb BUSINESS NEWS - Private education group Curro Holdings plans to spend R400 million building six new campuses in the 2018 financial year.

Fresh lessons from the Romans - droughts and deaths

The Economist recently published a thought-provoking piece on what the history of the Roman empire tells us about the cost of bad weather. Specifically, it shared a chart - you can see it on Twitter - showing a strong association between rainfall and the assassination of Roman emperors. In a nutshell, when the rains failed and people got hungry, imperial heads rolled.

UPDATE 1-China Resources Beer H1 profit rises 29 pct on higher prices

* Net profit 1.5 bln yuan in 6 mnths to end-June * Co says overall beer sales volume falls 1.5 pct in H1 * Average selling price up 13 pct * Says Heineken deal to boost presence in China's premium mkt (Adds company comment, updates shares) By Donny Kwok HONG KONG, Aug 17 (Reuters) - China's top brewer China Resources Beer (Holdings) Co Ltd posted a 29 percent rise in first-half net profit on Friday thanks to higher prices and improved sales of premium beers, a trend it said would continue.

Sishen helps lift Exxaro dividend

Fin24.com | Treasury crunching numbers in case zero VAT list widens revenue gap SA faces a water catastrophe as state dithers By Business Day On 17 August 2018 · Leave a Comment The Sishen dividend contributes more than R1.2bn, or 63%, to the R1.

Insurer ordered to pay compensation for poor service

The ombudsman for long-term insurance has ordered a well-known insurer to pay R7‚500 to a client as compensation for poor service. Judge Ron McLaren lambasted Alexander Forbes Life for the poor handling of a disability claim‚ filed by a client on medical grounds. McLaren said the delays his own office had experienced during their dealings with the insurer‚ added to the frustration the complainant "had experienced throughout a very stressful period in her life".

Calm day expected after a traumatic week

Real estate investment trust Resilient — embroiled in accusations of manipulating its share price — is expected to release results after 5pm Asian markets were buoyant on Friday morning, indicating the JSE may continue Thursday's rebound, when the all share index gained 1.65% to 56,562 points. In Hong Kong, Naspers's 31%-owned Tencent was up 3.

Creating Your Own Successful Bitcoin Business-Part 6

[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.

Art of tweeting for business leadership

Fin24.com | Treasury crunching numbers in case zero VAT list widens revenue gap Sishen helps lift Exxaro dividend By IoL Business Report On 17 August 2018 · Leave a Comment This week Elon Musk - Tesla chief executive - tweeted: "Am considering taking Tesla private at $420. Funding secured".

MS Excel - Automated Dashboards for Business Intelligence: How to Use Pivot Tables to Summarise Data

OVERVIEW No matter what business you are in, a dashboard is a critical tool in your communication armoury and as with any communication tool, presentation is everything. Although there are many tools that can be used to create a dashboard, MS Excel is commonly used due to its power, its flexibility and the fact that most people have it installed on their computer. Thistraining focuses on what you need to know to create an interactive professional-looking dashboard using MS Excel.

Alan Knott-Craig Answers: How To Build A Debt-Free Business

It's tempting to go the debt route when building your business or asset base, but be careful — debt can kill your business just as quickly. I've been offered debt secured against my shares. I can use the debt to buy a house or buy more shares in my company.

Give Your Business The Best Chance Of Success

For that to happen an entrepreneur must distil the business's reason for being and then doggedly pursue that vision. In my capacity as a business owner and venture capitalist, one of the questions I get asked most often by entrepreneurs is, "how do I ensure my business succeeds?" While there's no straightforward answer, there are important elements that I believe every entrepreneur must consider to ensure the greatest probability of success. Firstly, no business will succeed if it doesn't solve a unique pain point or problem for modern consumers or businesses.

Affordable sanitary towels made possible by local business women

Accessing sanitary towels remains a challenge facing unemployed women and young girls due to affordability. This is what motivated founders of Kgoshigadi to manufacture Nandi Pads, which are sold the community The affordable locally manufactured sanitary are sold at R15 for a packet of nine pads to locals in Soshanguve Pretoria. Korac said their work began as a charity organisation in 2012 where one of the founding members of Kgoshigadi, Tebogo Motubatse collected donations of sanitary pads from friends, family members, community members and corporate sponsors in order to supply school girls and charities in Soshanguve.

Asia Markets: Asian markets shoot higher, as tech stocks rebound

The Wall Street Journal: Why Lenovo's surprisingly good quarter may be an aberration The world is mourning the death of India's former prime minister By MarketWatch On 17 August 2018 · Leave a Comment Asian stock indexes jumped to across-the-board gains in early trading Friday, following the previous days roller-coaster trading that left markets in the red.   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.

Listeriosis effect bites Tiger Brands

Tiger Brands' share price tanks 10% after it flagged earnings were expected to slide up to 37?percent as it counts the costs of listeriosis fall-out..

Sishen helps lift Exxaro dividend

Exxaro's decision to almost double its dividend might have improved shareholder optimism on coal's prospects, but it is in fact a passive investment in iron ore that provided the fillip for investors. The dividend of R5.30 a share, as announced by the company in its interim results on Thursday, caused the share price to close almost 8% higher.

S.Korea decides not to revoke Jin Air's business license; shares surge

SEOUL, Aug 17 (Reuters) - South Korea on Friday announced its decision to not revoke the aviation business license of budget carrier Jin Air, sending its shares surging as much as 20 percent.South Korea's transport ministry said, however, it will restrict the carrier from registering new aircraft and routes for a "certain period of time." (Reporting by Heekyong Yang; Editing by Edwina Gibbs) 2018-08-17 03.

Moroccan woman vending food with motorcycle [Business Africa]

This mother represents the face of resi she vends food on a motorcycle daily in streets of Casablanca, Morocco. Zobaida al-Manzali, 34, roams the streets of Casablanca every day by motorcycle. Faced with economic hardships, the single-mother sells sandwiches to support her family.

Online business thriving in Somalia [Business Africa]

A big business in Somalia, the emerging e-commerce is generating thousands of jobs every year. It is an increasingly competitive market, and despite the war, Somalia's e-commerce is doing well. The country is witnessing a proliferation of e-commerce companies.

Nhlanhla Nene sets out shape of probe into PIC

An independent investigation is unlikely to look at specific transactions Finance minister Nhlanhla Nene has given a first indication of the shape the independent investigation into the Public Investment Corporation (PIC) will take, saying that it will look into its governance arrangements and founding legislation. His announcement indicates that the terms of reference will be narrowly defined and the investigation will not probe specific transactions. Nene announced in July that he would ask President Cyril Ramaphosa to establish an independent inquiry into the PIC following allegations that CEO Dan Matjila had misused PIC funds and that the board did not properly investigate before it cleared Matjila.

Why Standard Bank CEO Sim Tshabalala's wary of new rivals

Sim Tshabalala worries over Discovery, Tyme and ‘big platforms' Standard Bank group CEO Sim Tshabalala is bracing for the imminent launch of Discovery Bank and the potential disruption of the industry that could come from big technology. "Discovery are going to be a fierce competitor in the wealth segment and we are worried about them," he told media on the sidelines of the group's interim results presentation for the six months to June, which saw headline earnings rise by 5% to R12.7bn, helped by a strong performance from its operations in the rest of Africa.

Amcu vows to bring platinum industry to its knees

Union boss Joseph Mathunjwa warns of mass action over retrenchments that will bring down platinum belt and SA's economy A revolution that will bring the platinum mining industry to its knees and cripple SA's economy is imminent, says Joseph Mathunjwa, president of the Association of Mineworkers and Construction Union (Amcu). In the past several months, mining houses have threatened to shed thousands of jobs. Speaking at the rally to commemorate the Marikana massacre in North West, Mathunjwa dared Lonmin bosses present with his ultimatum.

Adapt IT's growing cash pile a boon as share drops

Unlike its bigger rival EOH, information technology services firm Adapt IT is raking in cash. The company's cash increased to R257.7m for the year ended June against R139.

LETTER: Horrendous hidden fraud

Something like half the investment that would otherwise be due to the client is forfeited to fund managers Magda Wierzycka's explanation of how hedge funds fluff up their performance by the dishonest use of survivorship bias has similarities to the exercise of assessing a surgeon's skill only after he has buried his mistakes (, August 15). If you asked the collective of all fund managers how good they were, they would say that they could comfortably outperform the market, even after extracting their astronomical fees. This is mathematically impossible.

Giant Drostdy Hof limited edition pack at Makro stores

The oversized packs, encourage engagement from shoppers forms part of Drostdy Hof's #CaptureYourMoments campaign. The campaign celebrates everyday experiences by encouraging consumers to take photos and then brings these photos to life on Drostdy Hof products. In order to give Makro shoppers a chance to get involved and see what the product could potentially look like, featuring their special moments, Drostdy Hof conceptualised the large limited edition packs.

GLOBAL MARKETS-Asian shares gain on U.S.-China trade talks, lira recovers

* Asian shares up slightly, developed markets shares outperform * Turkish lira maintains gains but seen vulnerable By Hideyuki Sano TOKYO, Aug 17 (Reuters) - Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early trade, a day after it hit its lowest level in a year.

Standard Bank steps up client and digital focus in competitive market

Stronger second-half revenues expected. Standard Bank is focusing on clients, digitisation and integration in response to changing client expectations and new forms of competition, says CEO Sim Tshabalala. At the presentation of Standard Bank Group results for the six months to June, where headline earnings increased 5% to R12.

5 Steps for Online Startups to Take Advantage of Black Friday

According to Google Trends, last year South Africa registered the largest ‘Black  Friday ' search interest of any country, even ahead of the US where the retail mega-event was conceived. "South African retailers first began promoting the Thanksgiving weekend double bill of Black  Friday  and Cyber  Monday  in 2014. Just  three years later  Facebook data shows that Black  Friday  2017 was South Africa's busiest online shopping day of the year.

PRESS DIGEST- British Business - Aug 17

Aug 17 (Reuters) - The following are the top stories on the business pages of British newspapers (NOTE: Reuters has not verified these stories and does not vouch for their accuracy): The Times - The heatwave and World Cup boosted consumer spending in the United Kingdom last month, giving the pound a much-needed lift, according to the Office for National Statistics. bit.ly/2PhbMF8 - School leavers are being failed by the government's apprenticeship levy because fewer are getting the training they need than before the scheme came into force, employers in Britain have said.

BUSINESS: Woman Sues Dating Agency That Failed To Find Rich Man, Wins $16,500

IBTIMES - A woman who sued a dating agency after it was unable to find her a rich boyfriend was awarded $16,500 in damages in Chelsea, United Kingdom on Wednesday. Tereza Burki, a divorcee and mother of three, took legal action against dating agency Seventy Thirty for deceit and misrepresentation. She claimed the agency had swindled her by advertising it had "high-net-worth individuals" who were actively looking for partners through the service.

3 Trends Fueling The Future Of The Fashion Business

NewsWatch: There's a quiet battle of wills between Uber drivers and customers over who cancels first How Both Donald Trump and Elon Musk Use Twitter for Incredibly Savvy Marketing MAGIC's summer 2018 tradeshow experience signals the collision of digital and physical inindustry that's fully embracing technology, while keeping the human aspects front and center Read the full article here. This content was originally published by Inc Magazine. Original publishers retain all rights.

Committee on Mineral Resources Welcomes Joint Submission by Four Unions Aimed at Improving the Safety and Health of Minework

-  The Portfolio Committee on Mineral Resources has welcomed a collaborative union submission on health and safety challenges facing the mining industry. Although generally applicable to mining, the report focused on the challenges faced by miners at Sibanye-Stillwater where 22 fatalities have been recorded since January 2018. The committee is currently on a week-long oversight visit in Gauteng and Mpumalanga provinces, visiting mines and mine companies.

JSE wrap: Stocks rebound to lift the JSE

Most of the blue-chip stocks which closed sharply lower on Wednesday recouped some of their losses to end the day firmer on Thursday. A significant shift was recorded in JSE listed miners which rose on the back of firmer metal commodity prices. Risks are still prevalent because of the Turkish crisis however, there was positive sentiment in the market today due to the potential meeting between China and the USA which could bring clarity on the trade disputes.

Families of the victims of the Marikana Massacre march to parliament demanding payment

Today marks the day that 34 miners of the Lonmin Platinum mine were gunned down in the Marikana area, by police during a strike for higher pay, six years ago. The Ex Mine Workers Union, under the banner of unpaid benefits Campaign and in  solidarity with the Right To Know Campaign, marched to parliament to hand over a memorandum of demands to Mineral resource Minister Gwede Mantashe. They are, among other things, demanding that government pay back the money owed to ex mine workers.

Fin24.com | MTN said to mull sale of shares in $1bn-rated Jumia

The first drug specifically for postpartum depression is nearing approval World stocks and EM currencies up on new US-China trade talks By fin24.com On 16 August 2018 · Leave a Comment MTN Group is exploring a sale of shares in African online retailer Jumia and values the company at as much as $1 billion, say people familiar with the matter.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Committee on Mineral Resources welcomes Joint Submission by Four Unions Aimed at Improving the Safety and Health of Minework

Download logo The Portfolio Committee on Mineral Resources has welcomed a collaborative union submission on health and safety challenges facing the mining industry. Although generally applicable to mining, the report focused on the challenges faced by miners at Sibanye-Stillwater where 22 fatalities have been recorded since January 2018. The committee is currently on a week-long oversight visit in Gauteng and Mpumalanga provinces, visiting mines and mine companies.

MTN said to mull sale of shares in $1bn-rated Jumia

MTN Group is exploring a sale of shares in African online retailer Jumia and values the company at as much as $1 billion, according to people familiar with the matter. Africa's largest wireless carrier is considering an initial public offering of the Amazon.com-style business on the Nasdaq or New York Stock Exchange, said the people, who asked not to be named as the information isn't public.

Celebrate The Queen Of Soul With Our Aretha Franklin Playlist

OPINION: Steinhoff baffles even the experts Aretha Franklin, ‘Queen Of Soul,' Dies At 76 On the day of her passing, we chose 10 songs from the legendary singer's incomparable catalogue. Aretha Franklin was, and forever will be, one of the most influential and celebrated singers of all time. Her passing has left a hole in music that no artist can replace.

DA: Mmusi Maimane: Address by DA leader, at the commemoration of the sixth anniversary of the ...

Today six years ago, 34 mineworkers were killed and 78 injured, many of them critically, because they dared to stand up and speak out about their living conditions and their wages. These men were shot down, some at point blank range, in these fields and koppies by a government and its police force whose only response to protest is brutality. A police force that was urged to take strong action against the protesting miners by the man who would go on to be elected ANC president, and by default our president.

KAP Industrial moves beyond Steinhoff pain in horrid year

KAP Industrial is finally seeing an end to the damage from its association with scandal-plagued Steinhoff International. The South African supplier of timber, chemicals, car parts and other industrial products saw its shares slump 6.8% when Steinhoff's financial wrongdoing was uncovered in December.

Mathunjwa warns Impala Platinum against job cuts

AMCU president Joseph Mathunjwa has warned that members of his union will go on strike for a year if Impala Platinum carries out plans to cut up to 13 400 jobs. Mathunjwa was addressing thousands of union members at a memorial event marking the sixth anniversary of the Marikana massacre when police shot dead 34 striking workers at Lonmin's platinum mine. Last week, Mineral Resources Minister Gwede Mantashe lashed out at GoldFields' plans to cut 1100 permanent jobs at its loss-making South Deep mine.

Mobile Fraud is Big Business: Here's How Game Developers are Fighting Back

Aretha Franklin was worth $60 million when she passed City Lodge feels the pinch from sluggish economic environment Fraud is a growing industry, but luckily, so is the anti-fraud market. Read the full article here. This content was originally published by Inc Magazine.

The Margin: Fox Business host compares Denmark to Venezuela, gets slammed as ‘fake news'

Zimbabwe is producing Chinese documentaries to help revive its tourism business Google Employees Protest Secret Work on Censored Search Engine for China By MarketWatch On 16 August 2018 · Leave a Comment Denmark may be one of the happiest places on Earth, but Danes weren't exactly smiling when Fox host and MarketWatch alum Trish Regan last weekend unleashed a diatribe comparing the Scandinavian country to Venezuela.   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.

Angry, yes. But anti-business? Italy likely to contain its bridge rage

* Genoa motorway bridge collapse killed dozens* Rome said would revoke concession of operator* Seen unlikely to follow through on threat* Government says it has pro-business agendaBy Gavin JonesROME, Aug 16 (Reuters) - Italy's government has unnerved investors with its angry reaction to this week's deadly bridge collapse, threatening to renationalise toll roads and accusing its predecessors of being in thrall to big business.But as the new anti-establishment government barks at the private sector, and at motorway operator Autostrade per l'Italia in particular, sources close to the government said it would not bite, at least not so hard as to frighten off investment.Even delivering on the prime minister's threat to revoke Autostrade's nationwide concession could be unaffordable for the heavily indebted state.

My auto-immune disease led me to a great business with health benefits

Sjogrens Disease ? What is that I thought? As it turned out it turned out that although I knew I had an auto-immune disease that the Drs thought was Fibromyalgia it was actually worse.. I was diagnosed with Sjogrens in 2017 after several years of thnking that I had a severe form of Fibromyalgia. Eventually while researching autoimmune symptoms online I came across a list of symptoms that fitted me exactly- the condition includes dry cough, dry eyes, dry skin, fatigue, joint stiffness, stiffness, swollen lymph nodes, sensitivity to sunlight causing skin rashes.

[PROMO] Leihlo La Sechaba - Women in Business TX Date: 20 August 2018

Former tenants of farms in Doornkop - outside of Soweto - accuse the City Of Joburg underpaying them for the land they handed over to the municipality. But the municipality says that land belongs to the government, and the payments were just a gesture of goodwill. For more news, visit: sabcnews.

Zimbabwe is producing Chinese documentaries to help revive its tourism business

Zimbabwe's beleaguered tourism sector is starting to re-engage its international markets, targeting tour operators who had ceased to package the country in recent years. The most high-profile example this month is a major marketing campaign signed between the Zimbabwe's tourism ministry and a Chinese firm Touchroad International which brought Zheing Zhiang TV and Radio into the country, recently, to begin filming and photographing Zimbabwe's key tourist destinations. Zimbabwe has been losing tourists to competing southern and east African countries after become something of a pariah state in the latter years under the rule of former president Robert Mugabe who ruled for 37 years.

The journey so far: Antoinette Prophy, MD, 88 Business Collective

Antoinette Prophy Antoinette Prophy is the founder and MD of 88 Business Collective, a Cape Town-based 18-month accelerator for emerging women entrepreneurs. 1. Tell us about one of the toughest situations you've found yourself in as a business owner.

South African rand surrenders gains as economy concerns weigh

A shopkeeper counts out change above her cash box at her shop in Hillcrest, west of Durban JOHANNESBURG (Reuters) - South Africa's rand surrendered its earlier gains in late trade on Thursday due to lingering concerns over the economy, while a rebound in market heavyweight Naspers brought some relief on the bourse.The rand had earlier in the session gained more than one percent as emerging markets bounced back on news that a Chinese delegation will travel to the United States in August for trade talks.The prospect of the world's two biggest economic powers preventing a looming trade war boosted investor sentiment after a worrying week for emerging markets in the wake of a currency slump in Turkey.

Market Extra: China shores up the yuan, soothing devaluation fears

WATCH: Standard Bank Group discusses 2018 interim results Walmart same-store sales grow at fastest pace in 10 years as e-commerce spending climbs By MarketWatch On 16 August 2018 · Leave a Comment Chinese authorities move to shore up the yuan on Thursday, news reports say, by draining liquidity from the offshore traded currency via restrictions on Chinese banks.   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.

WATCH: Standard Bank Group discusses 2018 interim results

Sagging economic sentiment in SA and UK hurts Truworths' earnings Fruitless and wasteful expenditure set to be axed as a deduction for tax By Business Day On 16 August 2018 · Leave a Comment SPONSORED | Standard Bank Group is announcing its 2018 half-year results on Friday   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.

Fruitless and wasteful expenditure set to be axed as a deduction for tax

WATCH: Standard Bank Group discusses 2018 interim results By Business Day On 16 August 2018 · Leave a Comment A draft amendment bill aims to make expenditure determined and reported by a public entity as fruitless and wasteful, not allowable as a tax deduction   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.

W. Africa Crude-Diffs steady, India said to buy Nigerian at tender

LONDON, Aug 16 (Reuters) - Nigerian differentials have fallen enough to whittle down an overhang of unsold cargoes and even encouraged some buying from a major Indian refiner, traders said on Thursday. * One trading source said around 30 cargoes were left from the August and September programmes combined from an originally planned 59 cargoes. This surplus was above 40 last week.

Exxaro resets shareholder rewards easing capital allocation fears

CONCERNS about the strategic direction of Exxaro Resources aired at its annual financial figures presentation in February were driven by fears it would allocate ‘spare' capital to diversifying the business instead of distributing it to shareholders, said CEO, Mxolisi Mgojo, in an interview today. "I think the fear was we would use funds we got from the sale of our stake in Tronox on diversification. But we have only spent R300m on it," said Mgojo.

Trade unions punch gold producers in the gut, again

South African gold producers are furious, after trade unions rejected yet another offer during their robust wage negotiations this week. All four unions - Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA - have rejected the offers which ranged from 6 percent to 7.2 percent for Category 4 underground employees, and 3.

Chief executive vs employee pay at South Africa's 25 biggest companies

A new report published by UK think tanks, Chartered Institute of Personnel and Development and the High Pay Centre, has revealed that the average CEO among the top 100 companies listed on the London Stock Exchange takes home a salary of £3.93 million (R73 million) per year. This represents a massive 11% increase in salaries at a time when the UK government is trying to rein in high pay among executives in the country.

Union heads to court to demand information about PIC decisions

The Public Servants Association (PSA) has filed a court application in a bid to force the minister of finance, the Public Investment Corporation (PIC) and the Government Employee Pension Fund (GEPF) to reveal information relating to the PIC board and the R5bn bridging loan granted to Eskom in February. The PSA affidavit, filed on August 7, is brought in terms of the Promotion of Access to Information Act (PAIA). The union, which represents 237 000 members in the public service, states that it is concerned about the way the GEPF and the PIC are managing government employees' pensions.

JSE bounces back as market confidence returns

The JSE staged a substantial comeback on Thursday, following Wednesday's rout, as global risk-on sentiment returned to the market. The Dow was up 1.30% at the JSE's close, following in the footsteps of better European markets, where the FTSE 100 firmed 0.

Aretha Franklin, ‘Queen Of Soul,' Dies At 76

OPINION: Steinhoff baffles even the experts David Bowie fondly misremembered the time Aretha Franklin snubbed him By Forbes Magazine On 16 August 2018 · Leave a Comment Aretha Franklin, widely regarded as one of the greatest singers of soul and gospel music, has died at the age of 76.   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.

Gold Fields boss says not resigning after S.Africa minister's rebuke

* Mines minister blames Gold Fields' bosses for lay-offs* CEO says not considering resigning* Gold Fields H1 profit unchanged (Recasts with CEO comment, adds results, share price)By Tanisha HeibergJOHANNESBURG, Aug 16 (Reuters) - Gold Fields' chief executive officer Nick Holland said on Thursday he was not considering resigning after mines minister Gwede Mantashe blamed the company's plan to cut jobs at its struggling South African mine on "poor management".Gold Fields, which posted its interim results on Thursday, said this week it planned to cut 1,100 permanent jobs at the company's last South African asset, South Deep, sending its shares plummeting.The bullion producer's plans drew scathing comments from Mantashe, a blunt-speaking former trade unionist and senior figure in the ruling African National Congress (ANC).

UPDATE 1-South African rand surrenders gains as economy concerns weigh

* Rand retreats after rising earlier in session * Naspers rebounds, taking the bourse up with it * Exxaro 2nd biggest gainer after results (Updates levels, adds stocks) JOHANNESBURG, Aug 16 (Reuters) - South Africa's rand surrendered its earlier gains in late trade on Thursday due to lingering concerns over the economy, while a rebound in market heavyweight Naspers brought some relief on the bourse. The rand had earlier in the session gained more than one percent as emerging markets bounced back on news that a Chinese delegation will travel to the United States in August for trade talks. The prospect of the world's two biggest economic powers preventing a looming trade war boosted investor sentiment after a worrying week for emerging markets in the wake of a currency slump in Turkey.

Sun City rubbishes claims that job cuts at NW mines will threaten its future

Sun City has denied a claim by MPs that mine retrenchments threaten its future. Parliament's portfolio committee on economic development said on Monday that the North West resort faced a R100-million revenue shortfall and a 30% slump in bookings. A committee statement after it met resort managers said: "Sun City is highly dependent on the disposable income of communities living in the surrounding area.

Marikana: we need justice, and we need change - Mmusi Maimane

Marikana: we need justice, and we need change - DA says this day six years ago was shameful moment that exposed our govt to the world for what it was: not visionary and compassionate Marikana: we need justice, and we need change 16 August 2018 Today six years ago, 34 mineworkers were killed and 78 injured, many of them critically, because they dared to stand up and speak out about their living conditions and their wages. These men were shot down, some at point blank range, in these fields and koppies by a government and its police force whose only response to protest is brutality. A police force that was urged to take strong action against the protesting miners by the man who would go on to be elected ANC president, and by default our president.

Coronation Exceptional Student Bursary

The is looking for students who have aspirations to pursue any commerce degree along with an exceptional track record. Coronation Fund Managers is an independent asset management company. As a pure fund management business, we know that our people are the heart of our DNA - a group of talented professionals with an extraordinary blend of skills, insights and passion.

Amplats starts construction on Polokwane sulphur dioxide abatement project

Construction of the sulphur dioxide (SO2) abatement project at Anglo American Platinum's (Amplats') Polokwane smelter got under way on Thursday. The company will implement new wet sulphuric acid (WSA) technology at the smelter and will ultimately reduce SO2 emissions by an estimated 96%, to deliver the targeted abatement levels at the smelter. The capital value of the abatement project is R1.

Gold Fields boss says not resigning after S.Africa minister's rebuke

JOHANNESBURG (Reuters) - Gold Fields' chief executive officer Nick Holland said on Thursday he was not considering resigning after mines minister Gwede Mantashe blamed the company's plan to cut jobs at its struggling South African mine on "poor management". Nick Holland, CEO of Gold Fields Limited, attends the 13th International Gold & Silver Symposium in Lima, Peru May 29, 2018. REUTERS/Mariana Bazo Gold Fields, which posted its interim results on Thursday, said this week it planned to cut 1,100 permanent jobs at the company's last South African asset, South Deep, sending its shares plummeting.

Higher coal prices lift Exxaro's earnings

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.

Afraid of no-one and ready for a long strike, union leader tells Implats

JOHANNESBURG, Aug 16 (Reuters) - Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13,400 jobs, the union's president said on Thursday. Joseph Mathunjwa, who led a five-month strike in 2014, was speaking at a televised memorial marking the sixth anniversary of the "Marikana Massacre" when police shot dead 34 workers taking part in a strike at Lonmin's platinum mine there. "No-one scares us, five months was nothing," said a visibly angry Mathunjwa before thousands of his members, adding that nothing would move during the strike in the platinum belt, home to one of South Africa's most important industries and location of the majority of the world's reserves of the precious metal.

Exxaro says revenue up 14% to R12.3 billion

Ramaphosa launches commission of inquiry into PIC Truworths posts profit decline of over 7% By IoL Business Report On 16 August 2018 · Leave a Comment Exxaro Resources said on Thursday half-year profit rose 8 percent boosted by a strong performance in its core coal 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.

OPINION: Steinhoff baffles even the experts

When Is Teamwork Really Necessary? Aretha Franklin, ‘Queen Of Soul,' Dies At 76 By IoL Business Report On 16 August 2018 · Leave a Comment A team of experts were not able to shed much light on the reasons behind Steinhoff's spectacular fall from grace.   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.

Grootgeluk boosts Exxaro's H1 coal output

JOHANNESBURG (miningweekly.com) - Diversified miner Exxaro Resources' coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017.

LVMH chooses Dentsu Aegis Network for its North American media business

The U.S. dollar will keep surging if Turkey thinks divine intervention is on the way How to Balance Creating a Healthy Work Culture While Growing Your Company By Advertising Age On 16 August 2018 · Leave a Comment Fresh off its well-heeled second-quarter sales results, LVMH Mot Hennessy Louis Vuitton has a new media agency.

Fin24.com | The business case for reducing carbon emissions

Middle children are finally getting the appreciation they deserve Want to be More Creative at Work? Read This By fin24.com On 16 August 2018 · Leave a Comment Reducing carbon emissions is increasingly becoming a business imperative, according to Dom Chennells, CFO of SOLA Future Energy.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Old Mutual's Grant Watson on navigating emerging markets volatility

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.

The Wake of South Africa's Abandoned Gold Mines

We have been covering Mining issues in South Africa extensively for the past 17 years but no subject on the matter is of greater importance than the absolute plethora of Abandoned Mines in South Africa and the devastation of Acid Mine Drainage pollution that is left in the wake. In 2008 the Auditor General of South Africa released a report on all Abandoned Mines in South Africa which gave us an alarming figure of 5,906 abandoned mines across the country. It's been some 10 years since that report and we are trying to raise the Auditor General for an update but have not heard back from them yet.

WATCH: Standard Bank Group discusses 2018 interim results

Standard Bank Group, one of South Africa's big four banks, this week released its 2018 half-year results. Standard Bank shareholders will receive a R4.30 interim dividend, an 8% increase from the R4 paid in the first half of its 2017 financial year, the bank said on Thursday.

Sun City rubbishes claims that job cuts at NW mines will threaten its future

Sun City has denied a claim by MPs that mine retrenchments threaten its future. Parliament's portfolio committee on economic development said on Monday that the North West resort faced a R100-million revenue shortfall and a 30% slump in bookings . A committee statement after it met resort managers said: "Sun City is highly dependent on the disposable income of communities living in the surrounding area.

Sagging economic sentiment in SA and UK hurts Truworths' earnings

Fashion retailer Truworths reported a 7.3% drop in diluted headline earnings per share (HEPS) in the 52-week period ended July 1, as a tough economic environment in SA and the UK weighed on sales. The century-old Truworths, whose brands include Identity and YDE in SA and Office in the UK, said merchandise sales fell 2.

Market concentration is plaguing South Africa's private health care market

The preliminary findings of a recent inquiry into South Africa's private health care sector shows worrying trends. Key among the inquiry's revelations are high concentration levels in the market. For example, the report shows that 70% of the open medical schemes market is controlled by two players - Discovery Health Medical Scheme and Bonitas.

The business case for reducing carbon emissions

Reducing carbon emissions is increasingly becoming a business imperative, according to Dom Chennells, CFO of SOLA Future Energy. He said the introduction of tax incentives and the possibility of a carbon tax on the horizon leads to reducing greenhouse gas emissions making good business sense. With a view to enable South Africa to meet its commitments in term of the Paris Agreement on Climate Change and reduce greenhouse gas emissions, the government has touted the introduction of a carbon tax from next January.

Business InTaxiads launches digital advertising inside local Nigerian taxis

InTaxiads, a digital advertising company, During the event which was held in Lagos, the company rolled out its plans for the new services as it further empowers over five thousand taxi drivers. The company revealed that digital screens which display advertisement of products and services offered by its customers will be screwed to headrests in taxis. These adverts will be clearly displayed for passengers who use taxis until they get to their destinations.

Fuel markets confirm global growth slowdown: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own)* Chartbook: https://tmsnrt.rs/2vPGI7dBy John KempLONDON, Aug 16 (Reuters) - If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system.

Spooked investors pulled $1.4 bln emerging markets in last week - IIF

By Marc JonesLONDON, Aug 16 (Reuters) - Investors rattled by events in Turkey, China and South Africa have pulled $1.3 billion out of emerging-market stocks in the last week and $100 million from bonds, according to the Institute of International Finance, which tracks financial flows.An emerging-market selloff has picked up pace over the last week as concerns about Turkey and others have compounded longer-term worries about a global trade war, a strong dollar and rising borrowing and energy costs.

Tide about to turn for markets as easy-money decade ends

By Sujata Rao and Dhara RanasingheLONDON, Aug 16 (Reuters) - Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Now the liquidity tide is about to turn, and they have only a few months to adjust.The world's four biggest central banks - the U.

COLUMN-Fuel markets confirm global growth slowdown: Kemp

* Chartbook: tmsnrt.rs/2vPGI7d By John Kemp LONDON, Aug 16 (Reuters) - If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system. Middle distillate fuels are principally burned in the high-powered engines used in trucks, railroads, ships, barges and aircraft to move freight around the world, as well as in factories, on farms and at mines and oilfields.

Spooked investors pulled $1.4 bln emerging markets in last week - IIF

LONDON, Aug 16 (Reuters) - Investors rattled by events in Turkey, China and South Africa have pulled $1.3 billion out of emerging-market stocks in the last week and $100 million from bonds, according to the Institute of International Finance, which tracks financial flows. An emerging-market selloff has picked up pace over the last week as concerns about Turkey and others have compounded longer-term worries about a global trade war, a strong dollar and rising borrowing and energy costs.

Donald Trump's steel tariffs mean Turkey needs to find new markets

Oil edges up as global markets steady and lower demand tempers gains By Business Day On 16 August 2018 · Leave a Comment The new tariffs will not put Turkish steel makers out of business, but force them to find markets across North Africa or the Middle East, or displace other imports to Europe   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.

Oil edges up as global markets steady and lower demand tempers gains

Why Alcohol Companies Are Betting on Cannabis Donald Trump's steel tariffs mean Turkey needs to find new markets By Business Day On 16 August 2018 · Leave a Comment Prices also steady as copper and equities recover from recent lows, as US crude output and inventories rise; weak Asian markets begin to dent crude demand   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.

SE Asia Stocks-Most markets fall as risk appetite remains fragile

* Singapore posts over 1-month closing low * Thailand, Vietnam shares inch higher Aug 16 (Reuters) - Most Southeast Asian stock markets tracked broader Asia to end lower on Thursday, as Turkey's currency woes and concerns of slowing economic growth in China weighed on investor risk appetite. However, news that Beijing will hold trade talks with Washington late this month helped markets cut some losses. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet with U.

Juniper Research: Mobile Merchant Transactions in Emerging Markets Drive Financial Inclusion

Mobile Country 1741 Eastern Africa 676 Featured 1890 Mobile 898 Payment News 817 Region 1590 A new study from Juniper Research forecasts that the use of mobile devices to make retail and store payments will act as a driver for financial inclusion of the unbanked in emerging markets. The research forecasts that mobile merchant transactions by unbanked individuals will grow from 1.8 billion per annum in 2018 to 3.

Donald Trump's steel tariffs mean Turkey needs to find new markets

President Donald Trump's latest broadside against Turkish steel is a new blow to one of the country's most important industries and will reshape global trade flows. Under a higher level of tariffs, Turkey will continue to lose US customers, once its most important steel market. The new tariffs will not put Turkish steel makers out of business, but force them to find new markets, likely across North Africa or the Middle East, or displace other imports to Europe.

Oil edges up as global markets steady and lower demand tempers gains

London — Oil edged higher as global markets steadied on Thursday, recouping some of the previous day's 2% slide, though a weakening outlook for crude demand kept prices in check. The oil market had felt the effects on Wednesday of a large build in US inventories that added to concern over the outlook for fuel demand, while crude was also swept lower by broader selling of industrial commodities such as copper. China and the US have implemented several rounds of tit-for-tat trade tariffs and threatened further duties on exports worth hundreds of billions of dollars, which could knock global economic growth.

Mineraleraad verhoog goud-aanbod, maar skiet nog tekort

Die Mineraleraad van Suid-Afrika (MRSA) se nuutste en tweede skuif om salarisverhogings vir vaardige werknemers tussen 3,5% (Sibanye-Stillwater) en 4,5% (AngloGold Ashanti en Harmony) te verhoog, is laer as wat Solidariteit se lede op gehoop het. Volgens Gideon du Plessis, hoofsekretaris van Solidariteit, skep dié skuif egter 'n platform vir voortgesette konstruktiewe onderhandelinge. "Die aanbod om die maandelikse behuisingstoelaag van R2 100 na R2 200 te verhoog, is 'n stap in die regte rigting, maar ook nog nie voldoende nie," het Du Plessis gesê.

KAP Industrial moves past Steinhoff-linked pain in horrible year

KAP Industrial manages to recover ground since its Steinhoff-linked crisis, but the stock's still down 13% this past year. KAP Industrial is finally seeing an end to the damage from its association with scandal-plagued Steinhoff International. The South African supplier of timber, chemicals, car parts and other industrial products saw its shares slump 6.

How roadblocks, not just minerals, fund rebels and conflict in the Congo

By  Peer Schouten For over a decade  it's been widely recognised  that rebel financing in the Democratic Republic of Congo is firmly linked to mining. First discovered by the Belgians in 1904, the Congolese soil harbours a huge amount of precious minerals. Subsequent industrial exploitation of copper and gold became the backbone of first Belgian colonialism and later Mobutu Sese Seko's kleptocracy.

Mines Minister Warns Over Consequences of Retrenchments

South Africa's minister of mineral resources, Gwede Mantashe,  has sounded a warning about the consequences of impending retrenchments in the mining sector. The minister said this in the wake of the retrenchments that Impala Platinum Mines and Gold Fields have announced that they are likely to carry out. Mantashe accused mining companies of not being committed to discussing matters meaningfully in the interest of sustaining the sector and the economy.

Tide about to turn for markets as easy-money decade ends

By Sujata Rao and Dhara RanasingheLONDON, Aug 16 (Reuters) - Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Now the liquidity tide is about to turn, and they have only a few months to adjust.The world's four biggest central banks - the U.

Ramaphosa to appoint commission of inquiry to probe PIC

President Cyril Ramaphosa has agreed to appoint a commission of inquiry into alleged impropriety at the Public Investment Corporation (PIC), the finance ministry said in a statement on Thursday. The commission's terms of reference will include a review of the PIC's governance and operating model, possible changes to the PIC's founding legislation and its memorandum of incorporation, and its investment decision-making framework. The names of the chair of the commission and the supporting team — as well as the detailed terms of reference of the commission — will be announced in due course, the statement said.

Double whammy: Tiger Brands slumps as profits hurt by costs, listeriosis

By Liezel Hill (Bloomberg) -  Tiger Brands Ltd. tumbled after Africa's largest listed packaged-food maker said full-year profit fell as much as 37 percent after one of its plants was blamed for South Africa's listeriosis outbreak. The shares dropped as much as 9.

Tencent sees first profit fall after nearly 13 years

Trump's immigration chief can fix Indians' wait for green cards—but he won't WATCH: Stock picks — Naspers and Nvidia By IoL Business Report On 16 August 2018 · Leave a Comment Shares of Chinese technology giant Tencent were set to slide 4.8 percent after it reported its first quarterly profit fall in nearly 13 years.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Shoprite offers you over 1 000 products for under R5

Gold Fields posts flat H1 profit as Chile costs bite JSE recovers at the opening on banks, but Naspers still looks fragile By IoL Business Report On 16 August 2018 · Leave a Comment Shoprite is making sure that financially-pressed customers can afford to eat, even if they have just R5 in their pockets, the group 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.

Result of general meeting

Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) (Share code: VOD ISIN: ZAE000132577) (ADR code: VDMCY ISIN: US92858D2009) ("Vodacom Group" or "the company") 1. Introduction Shareholders are referred to the announcements released on SENS on Monday 11 June 2018, Wednesday 4 July 2018 and Wednesday 18 July 2018 and published in the South African press on Tuesday 12 June 2018, Thursday 5 July 2018 and Thursday 19 July 2018 respectively setting out details of the BEE transaction between Vodacom Group and YeboYethu (RF) Limited ("YeboYethu") (the "BEE transaction"), which announcements of can be accessed on the Vodacom Group website at www.vodacom.

Has Emfuleni Municipality's basic fleet been repossessed?

The Organisation Undoing Tax Abuse claims that the Emfuleni Municipality's basic services fleet, including essential service vehicles, has been repossessed. According to OUTA the municipality allegedly defaulted on payments and all vehicles including vehicles from the traffic, water and electricity departments and fire engines were repossessed by Bidvest, from whom they were leased. Failing to honour financial obligations "The National Treasury regulations stipulate that service providers must be paid within 30 days of issuing an invoice.

Gold Fields' CEO says not considering resigning after minister criticism

FILE PHOTO: Nick Holland, CEO of Gold Fields Limited, attends the 13th International Gold & Silver Symposium in Lima JOHANNESBURG (Reuters) - Gold Fields Ltd Chief Executive Nick Holland said on Thursday he was not considering resigning after South Africa's mines minister Gwede Mantashe blamed "poor management" for planned job cuts at its South Deep mine. Mining minister Gwede Mantashe said Gold Fields' plans to slash jobs at South Deep to reduce costs is taking the "easy way out" and avoids tackling the real issue of poor management.Asked if he planned to step down, Holland told Reuters: "No.

Carlsberg raises profit outlook on higher demand for pricey beer in China and Russia

Copenhagen — Danish brewer Carlsberg raised its full-year profit outlook on Thursday, after second-quarter sales beat forecasts on growing demand for its expensive beers in China and strong sales in Russia during the World Cup. Carlsberg, the world's third-largest brewer behind Anheuser Busch InBev and Heineken, turned more positive on its 2018 outlook after a successful strategy to focus more on premium beers, especially in China, in the first half of the year. The company now expects operating profit to grow by high-single-digits in percentage terms in 2018.

Reality Sets In For South Africa: No More ‘Ramaphoria'

President Cyril Ramaphosa If there were any doubts that the euphoria following Cyril Ramaphosa's election as president of South Africa has evaporated, this week's slump in the rand has removed them. The currency has plunged to a level last seen when Jacob Zuma was still in charge, having retreated from a three-year high against the dollar amid a toxic cocktail of negative economic news, political risks and falling commodity prices. An investor retreat from emerging markets has accelerated its slide of almost 10% against the dollar this month.

Tiger Brands plunges as costs, listeriosis recall hurt profit

Full-year earnings were affected due to product recalls and plant closures. Tiger Brands tumbled after Africa's largest listed packaged-food maker said full-year profit fell as much as 37% after one of its plants was blamed for South Africa's listeriosis outbreak. The shares dropped as much as 9.

MTN has no plans to sell stake in Jumia

MTN says in the short term, it does not plan to dispose its investment in online retailer, Jumia. MTN Group, Africa's biggest mobile operator, said on Thursday it has no plans to sell its investment in online shopping platform Jumia. This comes after Bloomberg reported that MTN is exploring a sale of shares in Jumia and was considering an initial public offering of the online retailer on the Nasdaq or New York Stock Exchange.

Hawks investigating R40bn worth of Gupta looting

No suspects identified yet in investigation of State Capture at Transnet Hawks investigate cases related to Gupta-loot worth more than R40 billion 15 August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on Wednesday. He also shed some light on other high-profile investigations, such as those against Steinhoff and VBS Bank.

Get to grips with BEE and skills development in your business

Hear experts discuss these topics at our next Business Day Dialogue Skills development and compliance with the legal requirements regarding black economic empowerment (BEE) are important topics for any business in South Africa. You are invited to hear thought leaders speak about these issues at a free Business Day Dialogue presented with LFP Training, the leading provider of BEE-aligned skills development training. You'll hear about partnership opportunities while learning how to mitigate the challenges linked to BEE compliance without hindering your ability to transform your business.

Marikana: we need justice, and we need change

The following remarks were delivered today in Marikana by the Leader of the Democratic Alliance (DA), Mmusi Maimane , at the commemoration of the sixth anniversary of the Marikana massacre. Today six years ago, 34 mineworkers were killed and 78 injured, many of them critically, because they dared to stand up and speak out about their living conditions and their wages. These men were shot down, some at point blank range, in these fields and koppies by a government and its police force whose only response to protest is brutality.

South Africa's MTN has no plans to sell stake in online retailer Jumia

JOHANNESBURG, Aug 16 (Reuters) - MTN Group, Africa's biggest mobile operator, said on Thursday it has no plans to sell its investment in online shopping platform Jumia. This comes after Bloomberg reported that MTN is exploring a sale of shares in Jumia and was considering an initial public offering of the online retailer on the Nasdaq or New York Stock Exchange. "We currently have no plans to dispose of our investment in Jumia in the short term," MTN Group spokeswoman said in an emailed response to questions.

The 10 most valuable food brands in 2018

Among the stand-out trends in the latest Brand Finance report on food and beverage brands is the rise of emerging-market contenders, the strong performance of the dairy sector and, in SA, a decline of brand loyalty in tough times Nestlé and Coca-Cola are the world's two most valuable food and beverage brands respectively, according to a report by brand valuation and strategy consultancy Brand Finance. Valued at $19.4bn, Nestlé is more than double the value of second-ranked food brand Danone ($9.

Three agencies appointed to help MMI

MMI Holdings has appointed three communications agencies to manage its public relations MMI Holdings has appointed three communications agencies to manage its public relations. FleishmanHillard SA will manage the group's corporate communications; MSL Johannesburg the brand communications for Momentum; and Eclipse the communications for Metropolitan, Momentum Short-term Insurance and Multiply, Momentum's wellness and rewards programme. MMI's group head of marketing Nontokozo Madonsela says: "Our new partner agencies each demonstrated the expertise, industry knowledge and passion that we believe will help us communicate effectively with our stakeholders .

Five steps for online startups to take advantage of Black Friday

Brendon Williamson, CSO at DPO PayGate. According to Google Trends, last year South Africa registered the largest ‘Black Friday' search interest of any country, even ahead of the US where the retail mega-event was conceived. "South African retailers first began promoting the Thanksgiving weekend double bill of Black Friday and Cyber Monday in 2014.

Aury Africa Introduces RFID Track And Trace Solution For Mining

Screening and vibrating equipment solutions and services provider Aury Africa has introduced a radio-frequency identification (RFID) audit and inspection solution that is ideal for mining applications. These include inspecting plant equipment, mining machines, pumps, valves and pipes - in fact, most items of equipment that may require regular inspection and, in some cases, regulatory requirements. RFID tags use an electromagnetic field to automatically identify and track tags attached to objects and equipment.

MTN eyes sale of shares in $1 billion-rated Jumia - report

MTN Group Ltd is exploring a sale of shares in African online retailer Jumia and values the company at as much as $1 billion, according to people familiar with the matter. Africa's largest wireless carrier is considering an initial public offering of the Amazon.com Inc-style business on the Nasdaq or New York Stock Exchange, said the people, who asked not to be named as the information isn't public.

Helios Towers to invest in Congo Towers after scrapping Joburg listing

Helios Towers Plc is investing tens of millions of dollars in the Democratic Republic of Congo and looking for acquisitions as the African phone-tower operator seeks to move on from a scrapped initial public offering earlier this year. The company plans to build 1,800 kilometers (1,118 miles) of networks linking mobile towers in Congo to connect an additional 6 million people in sub-Saharan Africa's largest country, chief executive officer Kash Pandya said by phone. Helios is striving to improve coverage for Vodacom Group Plc and Orange SA, which have both been awarded 4G licences in the country, he said.

Mantashe blames Gold Fields management for South Deep hit

SOUTH African mines minister, Gwede Mantashe, laid the blame for proposed job cuts at Gold Fields' South Deep mine, west of Johannesburg, on the mining firm's top management. Reuters quoted Mantashe as saying restructuring at South Deep, which had booked Gold Fields R100m per month in cash losses, was "poor management" . Gold Fields said on 8 August that up to 1,560 jobs would be affected at South Deep after it decided to cut back on costs at the mine, considered the last major unmined gold asset in South Africa.

Fin24.com | Motor trade sales up 5% in June - Stats SA

Fin24.com | Steinhoff appoints Lehman Brothers insolvency veteran to board How to Tell If Your Company Will Succeed (Without Getting Lost in Metrics) By fin24.com On 16 August 2018 · Leave a Comment Motor trade sales increased by 5% year-on-year in June 2018 measured in current prices, according to Statistics SA.

Fin24.com | Steinhoff appoints Lehman Brothers insolvency veteran to board

Two migrant women must now convincingly testify they were pawns in Kim Jong Nam's killing Fin24.com | Motor trade sales up 5% in June - Stats SA By fin24.com On 16 August 2018 · Leave a Comment Steinhoff International has moved to appoint insolvency expert Paul Copley to its supervisory board as the troubled global retailer seeks to strengthen management.

The Wall Street Journal: Symantec targeted by Starboard for five board seats

Fin24.com | Investors dump Tiger Brands after profit warning Need to Know: ‘This is the setup I was waiting for' — a case for buying the dip in stocks By MarketWatch On 16 August 2018 · Leave a Comment Symantec Corp., which makes antivirus software that alerts millions of people to risks lurking on their computers, is now facing a potential threat of its own.

Fin24.com | Standard Bank lifts earnings, declares dividend

The Essential Pillars of a Lasting Corporate Legacy Steinhoff appoints Lehman Brothers insolvency veteran to board By fin24.com On 16 August 2018 · Leave a Comment Standard Bank has increased its headline earnings by 4.6% to R12.

Fin24.com | Investors dump Tiger Brands after profit warning

‘Crazy Rich Asians' actors hope film's success will open more doors for Asian Americans The Wall Street Journal: Symantec targeted by Starboard for five board seats By fin24.com On 16 August 2018 · Leave a Comment Tiger Brands share price slumped more than 10% after the food, home and personal care products maker warned that annual profits would be up to 37% lower than the previous year.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

‘Crazy Rich Asians' actors hope film's success will open more doors for Asian Americans

5 things to know about the IPO of Nio, AKA the ‘Chinese Tesla' Fin24.com | Investors dump Tiger Brands after profit warning By MarketWatch On 16 August 2018 · Leave a Comment ‘This will be a stream that leads into a tsunami of what needs to be represented in the right way,' said Michelle Yeoh.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

MTN may sell shares in Jumia

MTN Group is exploring a sale of shares in African online retailer Jumia and values the company at as much as US$1-billion, according to people familiar with the matter. Africa's largest wireless carrier is considering an initial public offering of the Amazon.com-style business on the Nasdaq or New York Stock Exchange, said the people, who asked not to be named as the information isn't public.

Gold wage negotiations continue: unions reject offer

Gold wage negotiations between producers, AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef, and representative unions, the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA, continued today. All four unions responded and rejected the offers made by the companies on Thursday, 2 August 2018, which ranged from 6% - 7.2% for Category 4 underground employees, and 3.

Tencent rout stokes broader contagion fears; $175bn wiped out this year - The Wall Street Journal

JOHANNESBURG — Naspers shareholders must be breathing deeply as the Tencent slide gathers momentum, already showing $175 billion has been lost in market value this year . CEO Bob van Dijk sold 2 percent of its 33 percent stake in the Chinese tech giant earlier this year to an air of distrust. Some may now be recanting those words, wondering why he didn't sell it all.

Entrepreneurs: Now is the time to change lives and grow revenues

All signs point to Africa as the most extraordinary place to be and do business in the future. So, how are we going to do business? This is the question posed by Musa Kalenga, the enthusiastic entrepreneur and strategist who was named one of the Top 200 young South Africans by Mail & Guardian, at a recent Entrepreneurship To The Point Session hosted by Property Point, the Growthpoint Properties initiative. "Enhancing quality of life in the way people experience technology is key to continuing to solve problems, not only in Africa but across the globe," says Kalenga.

Get to grips with BEE and skills development in your business

Gold Fields falls into loss, halves its interim dividend By Business Day On 16 August 2018 · Leave a Comment Hear experts discuss these topics at our next Business Day Dialogue   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.

Sundowns get down to business in Morocco ahead of Wydad Casablanca showdown

There has been no gamesmanship from Wydad Casablanca this time around as Mamelodi Sundowns seek a win in Morocco on Friday night that could almost guarantee their progression through the group stages of the 2018 Caf Champions League. Downs' quarterfinal ambitions were restored after finally getting their first win of Group C in their fourth match‚ 2-1 against AS Togo-Port in Atteridgeville last month. That result followed draws at home against Wydad and in Guinea against Horoya SC‚ before an away defeat against AS in Togo.

Women in Business seminar paves the way for success

To celebrate Women's Month, author and Director, Itumeleng Kganakga hosted a Women in Business and Leadership seminar (WIBL) at Miami Lodge on Saturday, 4 August. POLOKWANE - "This is our first annual Women in Business and Leadership seminar where I have gathered women from all walks of life to come and share their different and individual road to success stories in a quest to motivate and inspire other women in society to keep working hard until they achieve their individually set goals," explained Itumeleng. She said it is through such platforms, that women are afforded an opportunity to gather together and learn from each other.

10 reasons your small business should consider a digital marketplace

One of the many hurdles facing small business particularly in Africa is access to the market. Whether that market is physical or digital matters little because getting access to a retailer is a problem. Of course a startup could set up its own retail environment complete with secure payment facilities, a logistics department, build a reputable brand and drive traffic to its own marketplace.

Women in Business seminar paves the way for success

To celebrate Women's Month, author and Director, Itumeleng Kganakga hosted a Women in Business and Leadership seminar (WIBL) at Miami Lodge on Saturday, 4 August. POLOKWANE - "This is our first annual Women in Business and Leadership seminar where I have gathered women from all walks of life to come and share their different and individual road to success stories in a quest to motivate and inspire other women in society to keep working hard until they achieve their individually set goals," explained Itumeleng. She said it is through such platforms, that women are afforded an opportunity to gather together and learn from each other.

Get to grips with BEE and skills development in your business

Hear experts discuss these topics at our next Business Day Dialogue Skills development and compliance with the legal requirements regarding black economic empowerment (BEE) are important topics for any business in South Africa. You are invited to hear thought leaders speak about these issues at a free Business Day Dialogue presented with LFP Training, the leading provider of BEE-aligned skills development training. You'll hear about partnership opportunities while learning how to mitigate the challenges linked to BEE compliance without hindering your ability to transform your business.

What Can a CRM Platform Do For Your Business?

In essence, Customer Relationship Management (CRM) boils down to all the actions, technologies, and strategies a company implements that will manage their interactions with future and current clients. When done well, it will bolster and grow a company's revenue because customers stay longer, are more informed of your services, and you - as the business owner or service provider - are in control of the whole process. A CRM system should at the very least keep track of customer contact info, which will help marketing and sales teams coordinate their own activities; but additionally, it might also involve keeping track of how many times clients have been contacted, deal stages, or reasons for won/lost sales or deals.

The future of business publications in SA

The newly released Q2 ABC circulation figures show a depressing continuation of the ongoing circulation decline in most business and general news publications in South Africa. © rawpixel via Unsplash.com.

Aspen Is it Aspen too much?

Time to pay a visit to our old friend Aspen Pharmacare, which has perhaps lost its youthful bloom reputationally but remains on a growth tear which has lasted five years and shows no sign of abating. By way of reminder, Aspen enjoys a market capitalisation of around R131bn, operating in 50 countries and supplying product in another 100 on top of that. While it is the world's ninth-largest producer of generic medicines, it seems to have been focusing of late on specialist medicines.

MTN considers selling shares in Jumia - Sources

MTN Group Ltd. is exploring a sale of shares in African online retailer Jumia and values the company at as much as $1 billion, according to people familiar with the matter. Africa's largest wireless carrier is considering an initial public offering of the Amazon.

Five steps for online startups to take advantage of Black Friday

Brendon Williamson, CSO at DPO PayGate. According to Google Trends, last year South Africa registered the largest ‘Black Friday' search interest of any country, even ahead of the US where the retail mega-event was conceived. "South African retailers first began promoting the Thanksgiving weekend double bill of Black Friday and Cyber Monday in 2014.

WATCH: High praise for Umzumbe National Enduro double header

The South African enduro fraternity is still raving over the riveting National Enduro Championship double header that went down in Umzumbe on Friday and Saturday. The event delivered an epic track and epic riding at The Park, marking a sensational return to the KwaZulu-Natal South Coast, with locals Kyle Flanagan (Bidvest bLU cRU Yamaha Racing) and Wade Young (Sherco Factory Racing) taking the overall wins. Matt "Hollywood" Smith spoke highly of the event and organisers the Natal WFO Enduro Association in his recap below, highlighting the favourable feedback from the star-studded field and suggesting it's the front-runner for the Event of the Year honours.

Steinhoff appoints Lehman Brothers insolvency veteran to board

Steinhoff International [ JSE:SNH ] moved to appoint insolvency expert Paul Copley to its supervisory board as the troubled global retailer seeks to strengthen management and add expertise following an accounting scandal. A former partner at PwC, Copley worked as an administrator of Lehman Brothers, one of the highest-profile corporate collapses of the financial crisis of 2008. He's currently chief executive officer of Reykjavik, Iceland-based Kaupthing EHF, the restructured successor of Icelandic Bank that was also bailed out in the credit crunch.

Carlsberg sales boosted by World Cup, raises 2018 outlook

* Expects 2018 op profit to grow by high-single-digits* Sales boosted by World Cup, expensive and craft beers* Shares rise as much as 4 percentBy Jacob Gronholt-PedersenCOPENHAGEN, Aug 16 (Reuters) - Danish brewer Carlsberg raised its full year profit outlook on Thursday after second-quarter sales beat forecasts on growing demand for its expensive beers in China and strong sales in Russia during the World Cup.Carlsberg, the world's third-largest brewer behind Anheuser Busch InBev and Heineken, turned more positive on its 2018 outlook after a successful strategy to focus more on premium beers, especially in China, in the first half of the year.The company now expects operating profit to grow by high-single-digits in percentage terms this year.

Hawks turn up the heat on high profile cases

Hawks Head Lieutenant General Godfrey Lebeya says the elite crime-fighting agency is implementing a turnaround strategy in investigating high profile cases, including State capture probes. Lebeya on Tuesday briefed Parliament's Portfolio Committee on Police in Cape Town on investigations into the Estina, Steinhoff and VBS Mutual Bank cases. "We are strengthening our working relations with stakeholders in a multi-disciplinary approach… We are intensifying the awareness within government institutions and other institutions that play a role in reporting crime," he said.

Put more thought into incentives to lure manufacturing investors

It's an ambitious target, but let's hope it's a realistic one. President Cyril Ramaphosa has set himself the target of winning SA $100bn in new investment over the next few years. In recent weeks, we have seen $10bn from Saudi Arabia, matched by the United Arab Emirates with a further $10bn and, most recently, the Chinese with $14.

Competition Tribunal confirms Toyoda Gosei R6m fine

#Transnet execs must tell us what happened - Outa Exxaro almost doubles interim dividend as higher coal prices boost bottom line By IoL Business Report On 16 August 2018 · Leave a Comment Japanese manufacturer and supplier of car safety system products, including airbags, fined for price fixing, dividing markets and collusive tendering.   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.

Metair lifts interim profit but warns that Turkish exposure may tarnish full-year results

JSE recovers at the opening on banks, but Naspers still looks fragile By Business Day On 16 August 2018 · Leave a Comment The car parts maker is exposed to the embattled Turkish economy through its wholly owned subsidiary Mutlu Akü   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.

It's curtains for Ramaphoria. Case in point: Emfuleni fire engines ‘repossessed'

JOHANNESBURG — So-called Ramaphoria has been waning for a few months now, but this week has really been a thud back to reality for those Saffers still living within the Republic's borders. Yesterday, a warning from Moody's as well as Gwede Mantashe's bizarre comments on land EWC contributed towards sending the rand into a mini-tailspin against the US dollar. But while the macroeconomic picture for SA is not looking rosy at the moment, you only need to look at how dire things are for smaller municipalities and towns to see how collapse is happening all around us.

All eyes on Oceana's new CEO

All eyes are on the new CEO as Africa's largest fishing group navigates choppy seas When a financial director steps into the role of CEO, there is usually a well-grounded suspicion that the firm's strategic focus will rapidly turn inwards. Belts will be tightened to bolster cash flows, acquisitive tilts abandoned to build up margins, operations "right-sized" for efficiencies, and noncore assets hived off so that management can focus on the most profitable assets. That said, the recent — and well-deserved — elevation of Imraan Soomra from FD to CEO of Africa's largest fishing group, Oceana, won't have shareholders rushing for the lifeboats for fear of a wave of operational consolidation.

Emira quietly emerges as a top-performing property play

Demand for Emira shares is on the rebound as the company's restructuring efforts begin to gain traction After a few years of rather uninspiring returns, Emira Property Fund has quietly emerged as the top-performing property play among the JSE's 50-odd real estate counters in the year so far. The stock has notched up a total return of about 27% from January 2 to August 10, way ahead of the SA listed property index's dismal -21% over the same time. Emira was out of favour for a few years, mainly because of its overexposure to the underperforming office market.

‘Ramaphoria' evaporates as reality sets In for South Africa

Editor's note: The opinions in this article are the author's, as published by our content partner, and do not represent the views of MSN or Microsoft. (Bloomberg) -- If there were any doubts that the euphoria following Cyril Ramaphosa's election as president of South Africa has evaporated, this week's slump in the rand has removed them. The currency has plunged to a level last seen when Jacob Zuma was still in charge, having retreated from a three-year high against the dollar amid a toxic cocktail of negative economic news, political risks and falling commodity prices.

Mantashe: Going for job cuts in mine sector the easy way out

Gold Fields, which is due to report half-year results later, said this week it would , sending its shares plummeting. | JOHANNESBURG - Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", Mineral Resources Minister Gwede Mantashe said on Thursday, piling pressure on chief executive Nick Holland.Gold Fields, which is due to report half-year results later, said this week it would , sending its shares plummeting.

ANALYSE THIS: Werbeloff Equity Solutions founder Arnold Werbeloff

We analyse Arnold Werbeloff, analyst and founder of Werbeloff Equity Solutions If someone came to you tomorrow with R100m to invest in just one company, which would it be? Apple. This group commands strong (almost evangelistic) brand loyalty, dominance via a range of market-leading products and unequalled market value. Which talent would you most like to have? To predict markets with stunning accuracy every time.

News media, it's not a grudge purchase

Print Email Apart from Media24, which ranks a lowly 31 on the list of South Africa's most valuable brands, there are no other news media companies among the country's top 50 corporate front runners. A new brand valuation survey (see the top 10 below) by Brand Finance was conducted according to the internationally recognised standard on Brand Valuation - ISO 10668. It defines ‘brand' as a "marketing-related intangible asset including, but not limited to, names, terms, signs, symbols, logos, and designs, intended to identify goods, services or entities, creating distinctive images and associations in the minds of stakeholders, thereby generating economic benefits".

Hawks told to step up Gupta hunt

MPs left frustrated by slow pace in case against the fugitive brothers ANGRY MPs have warned the Hawks and the country's other law enforcement agencies to step up their hunt for the Guptas who are believed to have taken refuge from prosecution in Dubai. Appearing before Parliament's police portfolio committee yesterday, newly-appointed Hawks head Lieutenant-General Godfrey Lebeya said the unit was probing eight cases of state capture involving billions of rand. He said in some cases, statements have been taken from witnesses.

London Markets: U.K. stocks gain in rebound from previous session's drop

Exxaro almost doubles interim dividend as higher coal prices boost bottom line Copper tumbles into a bear market By MarketWatch On 16 August 2018 · Leave a Comment U.K. stocks rose in early trading on Thursday, staging a modest rebound from the previous session's sharp decline and putting them on track to snap their longest losing streak since February.

Currencies: Turkish lira aims for third straight gain against the dollar

Fin24.com | Tiger Brands cautions about impact of challenging consumer, competitive environment Hundreds of US newspapers hit back at Trump By MarketWatch On 16 August 2018 · Leave a Comment The Turkish lira rose against the dollar on Thursday, setting the troubled currency up for its third straight advance as hopes grew that the currency crisis in the country was stabilizing.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Six years on, still no justice or closure for Marikana victims

It has been described as the worst act of South African police brutality since the end of apartheid. On the afternoon of August 16 2012, some 34 striking miners were shot dead by police outside the Lonmin platinum mines on the outskirts of the dusty town of Marikana, in the country's northwest. In a video which circulated far and wide, police officers were seen spraying hundreds of bullets wildly at miners who had stubbornly gathered to demand better pay and living conditions.

S.African minister blames Gold Fields bosses for mine woes

(Adds detail, background)JOHANNESBURG, Aug 16 (Reuters) - Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", mining minister Gwede Mantashe said on Thursday, piling pressure on chief executive Nick Holland.Gold Fields, which is due to report half-year results later, said this week it would cut 1,100 permanent jobs at its South Deep mine, sending its shares plummeting."Gold Fields is sitting on the second biggest gold deposits in a mine in the world," Mantashe, told Reuters.

Hundreds of US newspapers hit back at Trump

WATCH: Stock pick — AB InBev The slide from Ramaphoria to Ramaphobia is complete By Business Day On 16 August 2018 · Leave a Comment Newspapers big and small published editorials making impassioned arguments for the importance of a free press, in a co-ordinated campaign   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 dangers of knowledge without ethics

One of the wonderful things to look forward to at graduation ceremonies is the singing of Gaudeamus Igitur. Whenever the celebratory piece is sung by a competent choir, there would be solemnity and a sense of deep reflection in the graduation hall. With Latin having long been phased out of our education, you need a translation.

WATCH: Stock pick — AB InBev

WATCH: Stock picks — Naspers and Nvidia WATCH: Stock pick — AB InBev By On 16 August 2018 · Leave a Comment Steven Schultz from Momentum talks to Business Day TV about Anheuser-Busch InBev, his stock pick 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.

5 ways e-commerce startups can take advantage of Black Friday

According to Google Trends, last year South Africa registered the largest Black Friday search interest of any country, even ahead of the US where the retail mega-event was conceived. "South African retailers first began promoting the Thanksgiving weekend double bill of Black Friday and Cyber Monday in 2014. Just three years later Facebook data shows that Black Friday 2017 was South Africa's busiest online shopping day of the year.

Emfuleni municipality hired ‘unqualified' admin manager

The Democratic Alliance (DA) has released a statement alleging that the Emfuleni Municipality (ELM) hired an administration manager for municipality that does not have the required qualifications to do the job. The party has subsequently called for the replacement of current unqualified admin manager Velile Mkhotwana. It is alleged Mkhotwana only has a matric certificate, despite the position requiring a bachelor's degree and five years' experience in management administration, according to Emfuleni municipal manager Oupa Nkoane.

[LISTEN] Kodwa: ANC emphatically against mining sector retrenchments

| 's Karima Brown interviews the ANC's head of presidency, Zizi Kodwa. JOHANNESBURG - The ANC's Zizi Kodwa says the party is emphatically against any form of retrenchment. Kodwa made the remarks during an interview on , in response to potential job losses in the mining industry.

Exxaro rings in good news with dividend lift, R1.8bn Matla deal

EXXARO Resources was "days away" from finalising an agreement with Eskom which would see the South African power utility fund R1.8bn for the renewal of coal resources at the Mpumalanga province colliery, Matla which Exxaro operates. "We have made good progress with Eskom," said Nombasa Tsengwa, head of Exxaro's coal business in a media call following publication of the firm's interim numbers ended June 30 in which the group also revised its dividend policy having largely reined-in net debt.

Thomas, Froome go head-to-head at Tour of Britain

London - Tour de France champion Geraint Thomas and the man whose crown he took in July, Chris Froome , will compete in next month's Tour of Britain rather than the final Grand Tour of the season, the Vuelta a Espana.  Both riders have rarely graced their home Tour in the past decade, Thomas finishing seventh last year in what was his first appearance since 2011 and Team Sky team-mate Froome last competing in 2009 when he finished 50th for his previous team Barloworld.  Thomas, 32, was only drawn to compete last year because the race finished in his home city of Cardiff and has been lured back for what will be his first major race since the Tour de France as this year's edition begins in Pembrey Country Park, Carmarthenshire, Wales, on September 2.

No sign of ‘Ramaphoria' as reality sets in for SA

If there were any doubts that the euphoria following Cyril Ramaphosa's election as president of South Africa has evaporated, this week's slump in the rand has removed them. The currency has plunged to a level last seen when Jacob Zuma was still in charge, having retreated from a three-year high against the dollar amid a toxic cocktail of negative economic news, political risks and falling commodity prices. An investor retreat from emerging markets has accelerated its slide of almost 10% against the dollar this month.

Copper tumbles into a bear market

Copper has posted four straight daily losses, dropping to the lowest in more than a year. Copper plunged into a bear market as concerns mount that Turkey's financial crisis and the US-China trade spat will stymie global economic growth. The red metal for delivery in three months fell 4% to settle at $5 801 a metric ton at 5:52 pm Wednesday on the London Metal Exchange.

Mantashe blames Gold Fields bosses for mine woes

JOHANNESBURG - Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", Mining Minister Gwede Mantashe said on Thursday, piling pressure on CE Nick Holland. Gold Fields, which is due to report half-year results later, said this week it would cut 1 100 permanent jobs at its South Deep mine, sending its shares plummeting. "Gold Fields is sitting on the second biggest gold deposits in a mine in the world," Mantashe, told Reuters.

A bad week for Gold Fields CEO Nick Holland

Gold Fields announced its only remaining operation in SA, South Deep, will chop 1,560 jobs Private school business Curro Holdings' interim report showed encouraging improvements in cost disciplines and operating cash flows. Expansion plans, including selected investments in Africa, are pushing ahead, and operating cash flows mean CEO Andries Greyling won't have to tap shareholders for fresh funding. Most encouraging is that problems at the lower-cost Meridian schools were quickly solved.

Serie A al via: chi vince lo scudetto dei conti

In South Africa's migrant communities, food offers a sense of belonging Uganda wants unit of MTN Group to list locally before licence extension By Forbes Magazine On 16 August 2018 · Leave a Comment Uno sguardo ai conti dei grandi club alla chiusura del calciomercato estivo.   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.

WATCH: What tepid retail numbers mean for GDP data

Exxaro almost doubles interim dividend as higher coal prices boost bottom line Standard Bank rewards shareholders with bigger interim payout By Business Day On 16 August 2018 · Leave a Comment Alexander Forbes chief economist Isaah Mhlanga talks to Business Day TV about the latest retail data and what it means for the economy   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.

New exhibition opens at FynArts Gallery

The FynArts Gallery, in collaboration with Lizamore & Associates, will showcase a solo exhibition by Lwandiso Njara entitled Engineering the New Jerusalem II, which opens on Friday 18 August. Lwandiso Njara's solo exhibition of drawings. Engineering the New Jerusalem II will open at the FynArts Gallery in The Courtyard on Friday.

South African minister blames Gold Fields bosses for mine woes

JOHANNESBURG (Reuters) - Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", mining minister Gwede Mantashe said on Thursday, piling pressure on chief executive Nick Holland. South Africa's mines minister Gwede Mantashe in a file photo, South Africa March 20, 2016. REUTERS/Siphiwe Sibeko/File Photo Gold Fields, which is due to report half-year results later, said this week it would cut 1,100 permanent jobs at its South Deep mine, sending its shares plummeting.

Is the Netherlands a tax haven for the super rich?

CAPE TOWN - When Steinhoff listed in Frankfurt in 2015, it was, in fact, a Dutch company that was listed on the stock exchange. That is also why the auditors changed from Deloitte in South Africa to Deloitte in the Netherlands. Steinhoff's head office is in Stellenbosch, and the company is managed from there.

That job offer you just got from an agency could be fake

Rand rebounds on US-China trade talk news In South Africa's migrant communities, food offers a sense of belonging By Advertising Age On 16 August 2018 · Leave a Comment Ed Raldiris, an Atlanta-based creative director, was hunting for a job in early June when he got a promising lead for a gig at IPG-owned PR firm Weber Shandwick. Radiris got an email claiming to be from the company saying it was regarding a position listed on ZipRecruiter, a job site, for a work-from-home graphic designer position. But alarm bells started to go off for Raldiris when the company asked to set up an interview via Google Hangouts on chat.

Europe Markets: European shares stage modest rebound after prior day's rout

China and US to hold fresh trade talks in next two weeks Gold bounces away from 19-month trough By MarketWatch On 16 August 2018 · Leave a Comment European stocks rose slightly in early trading on Thursday, partially reversing steep declines in the previous session, which came on the back of falling commodity prices and ongoing uncertainty surrounding the currency crisis in Turkey.   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.

The Good Life

Rand rebounds on US-China trade talk news In South Africa's migrant communities, food offers a sense of belonging By Advertising Age On 16 August 2018 · Leave a Comment By the late 19th century, the tobacco industry was in full bloom. The Civil War was over, cigarettes were easily mass produced and smoking had become an integral part of the good life. In 1890, for example, The American Tobacco Co.

Fin24.com | Monday deadline for Transnet CEO, two other execs facing suspension

Asian shares rebound from 12-month lows, on news of US-China trade talks Oil inches higher after China agrees to trade talks with the US By fin24.com On 16 August 2018 · Leave a Comment The three Transnet executives facing suspension have until Monday to plead their case.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

JSE recovers at the opening on banks, but Naspers still looks fragile

The JSE rebounded at the opening on Thursday as Naspers showed tentative signs of recovering from Wednesday's rout, despite Tencent losing another 3% in Hong Kong trade. Tencent, of which Naspers owns 31.2%, lost further ground on Thursday after retreating in the previous session following disappointing quarterly results.

#Loeries2018 finalists: Fifth batch

by MarkLives ( @marklives ) Loeries 2018 finalists are being announced all week long during Creative Week Durban, taking place 16-19 August 2018. All finalists presented here are unaudited results. All winners will be announced at the awards ceremonies, 17-18 August, at the ICC Durban.

Helios eyes DRC after scrapping listing plans

Helios Towers is investing tens of millions of dollars in the Democratic Republic of Congo and looking for acquisitions as the African phone-tower operator seeks to move on from a scrapped initial public offering earlier this year. The company plans to build 1 800km of networks linking mobile towers in Congo to connect an additional six million people in sub-Saharan Africa's largest country, CEO Kash Pandya said by phone. Helios is striving to improve coverage for Vodacom Group and Orange, which have both been awarded 4G licences in the country, he said.

Marikana: it's time Ramaphosa moved on accountability and reparations

By Mia Swart The 2012  Marikana massacre  in South Africa's North West Province, in which 34 miners were killed by the police, remains an unhealed scar in post democratic South Africa. Two of the most important unresolved issues involve accountability and reparations. Organisations such as Amnesty International have long called on the South African government to ensure that all those suspected of criminal responsibility for the killings  are prosecuted .

MIDEAST - Factors to watch - August 16

DUBAI, Aug 16 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asian shares hit one-year low on Turkey, China worries * MIDEAST STOCKS-Abu Dhabi bucks trend as Turkey concerns weigh on Gulf markets * Oil edges up as China, U.

Workers reject latest wage offer by South African gold producers

JOHANNESBURG - Workers unions on Wednesday rejected the revised three-year wage offers of up to 7.2% salary increases made by South African gold producers at the a centralised collective bargaining forum. This as the fourth round of wage negotiations between four unions - the Association of Mineworkers and Construction Union (Amcu), National Union of Mineworkers (NUM), Solidarity and UASA - and gold mining companies continued on Wednesday.

Parliament considers tougher anti-smoking Bill

A Bill that would toughen anti-smoking legislation in South Africa has been submitted to Parliament for review by lawmakers, a health ministry spokesman said on Wednesday, as a campaign against the proposed changes intensifies. The Control of Tobacco Products and Electronic Delivery Systems Bill would restrict smoking in public places, introduce plain packaging, ban point-of-sale advertising and displays, and scrap the sale of single cigarettes. It is opposed by some businesses, including Japan Tobacco International (JTI), which paid for a radio advert aired this month that encouraged the public to protest against the proposals, published by the Department of Health in May.

UPDATE 1-S.African minister blames Gold Fields bosses for mine woes

(Adds detail, background) JOHANNESBURG, Aug 16 (Reuters) - Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", mining minister Gwede Mantashe said on Thursday, piling pressure on chief executive Nick Holland. Gold Fields, which is due to report half-year results later, said this week it would cut 1,100 permanent jobs at its South Deep mine, sending its shares plummeting. "Gold Fields is sitting on the second biggest gold deposits in a mine in the world," Mantashe, told Reuters.

The slide from Ramaphoria to Ramaphobia is complete

The rand is back where it was when Zuma was in charge, and its woes are only partly the result of global factors, as Ramaphosa plays populist politics in the run-up to polls If there were any doubts that the euphoria following Cyril Ramaphosa becoming president has evaporated, this week's slump in the rand has removed them. The currency has plunged to a level last seen when Jacob Zuma was still in charge, having retreated from a three-year high against the dollar amid a toxic cocktail of negative economic news, political risks and falling commodity prices. An investor retreat from emerging markets has accelerated its slide of almost 10% against the dollar this month.

GCIS: Government commemorates Marikana tragedy

Government joins the nation in commemorating the tragic Marikana incidents which occurred six years ago on 16 August 2012. The tragic death of 44 miners and members of the South African Police Service is an incident that was deeply regrettable in our young democracy. As we remember those South Africans that lost their lives, let's also reflect on what is it that we should do to strengthen our democracy and prevent such incidences as we continue the journey to nurture our democracy and improve the lives of South Africans.

OPINION: How Eskom created the coal supply crisis

Exxaro H1 profit up 8% on coal performance India's airlines are struggling because they're chasing passengers, not profits By IoL Business Report On 16 August 2018 · Leave a Comment The "tied" mines which supply coal to Eskom's 15 large power stations are no longer delivering enough feedstock to cover demand.   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: Is the Netherlands a tax haven for the super rich?

US stocks drop on downbeat earnings, trade tensions Overwhelmed by the crowds, IKEA wants Indians to calm down By IoL Business Report On 16 August 2018 · Leave a Comment The question then is, apart from Steinhoff, what companies conveniently registered their head offices in the Netherlands, and why?   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.

Standard Bank Groups Key Focus Areas - Interim Results 2018

Standard Bank Group's Chief Executive, Sim Tshabalala, discusses the steady strategic progress for the Group's first half of 2018. For more on the 2018 interim results, visit http://reporting.standardbank.

Asia exerts downward pull, on busy day for JSE watchers

Rand rebounds on US-China trade talk news Asian shares rebound from 12-month lows, on news of US-China trade talks By Business Day On 16 August 2018 · Leave a Comment Results are due from Standard Bank, Truworths, Gold Fields and others, while Tencent's fall in Hong Kong suggests Naspers investors may have overreacted to its 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. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Hawks investigate cases related to Gupta-loot worth more than R40bn

The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40-billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on Wednesday. He also shed some light on other high-profile investigations, such as those against Steinhoff and VBS Bank.

WATCH: What the department of mineral resources wants mining companies to know

The department of mineral resources says it has noticed a worrying trend with mining companies ignoring due processes and briefing the department only as a formality, which leaves no room for meaningful engagement. This following announcements of job cuts from Impala Platinum and Gold Fields. Director-general at the department Thabo Mokoena spoke to Business Day TV about some of the department's concerns.

Aury Africa debuts RFID track-and-trace for mining

Screening and vibrating equipment solutions and services provider Aury Africa has introduced a radio-frequency identification (RFID) audit and inspection solution that is ideal for mining applications. These include inspecting plant equipment, mining machines, pumps, valves and pipes - in fact, most items of equipment that may require regular inspection and, in some cases, regulatory requirements. RFID tags use an electromagnetic field to automatically identify and track tags attached to objects and equipment.

Saftu: Saftu honours the memories of the Marikana martyrs

is a day that South Africans must never forget. The SAPS massacre of 34 striking mine workers - 16 at the Marikana Koppie and a further 18 fleeing workers at another nearby small Koppie - will always be a grim reminder of the lengths to which the mining monopolies are prepared to go to defend their profits and power. The South African Federation of Trade Unions honours the memory of those Marikana martyrs who lost their lives, and sends a message of support to their families and to the survivors, and insists that they must all be fully compensated for the trauma and hardship which they have suffered.

Marikana widows 'are suffering'

In your local headlines: The Star Widows ‘are suffering' The widows of Marikana have complained of living in abject poverty while they wait or compensation following the police massacre of 34 breadwinners six years ago. Hospital not to blame, Sobukwe's family say Struggle icon Robert Sobukwe's family refuse to blame the Midland Hospital for the death of his widow Zondeni Veronica Sobukwe a few days after being discharged from the facility in Graaff-Reinet in the Eastern Cape.  Business Day Transnet CEO in departure lounge Transnet moved to suspend CEO Siyabonga Gama and two other senior officials, accelerating the cleanup at the state-owned enterprise after the appointment of a new board in May.

Poor claims handling… a price to pay

The Ombudsman for Long Term Insurance, Judge Ron McLaren Poor service in claims handling The Ombudsman for Long Term Insurance, Judge Ron McLaren, has criticised Alexander Forbes Life for the poor handling of a disability claim that caused the complainant to suffer inconvenience and distress. The Ombudsman said the delays his office experienced in dealing with the insurer, the incomplete responses and lack of supporting documentation from them added to the frustration the complainant had experienced throughout a stressful period in her life.  In awarding the complainant compensation for poor service in claims handling, the Ombudsman said: "The fact that Alexander Forbes still denies any wrongdoing and has not apologised reflects a worrying lack of customer care and a need for more insight on their part of how their conduct impacts on a claimant's experience.

The biggest surprise in markets this year is the mighty US dollar

Last year was the worst for the US dollar since 2003. The greenback fell almost 10% against a basket of major trading partners, and analysts expected the decline to continue in 2018. The thinking was that tax cuts hadn't done much to buoy the currency at the end of the year, and other major central banks in Europe and Japan would start raising rates to close the gap with the US.

London Markets: U.K. stocks gain in rebound from previous session's drop

Exxaro almost doubles interim dividend as higher coal prices boost bottom line Copper tumbles into a bear market By MarketWatch On 16 August 2018 · Leave a Comment U.K. stocks rose in early trading on Thursday, staging a modest rebound from the previous session's sharp decline and putting them on track to snap their longest losing streak since February.

GLOBAL MARKETS-Shares, emerging market currencies steady after fresh mauling

* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh * FTSE hits record high to lift Europe * Disappointing Tencent results compound Asia's one-year lows * Lira rallies past 6 per dollar ahead of finance minister call * Rest of EM FX breathes easier as dollar dips * Oil flat after fall, metals tick up as bears claw copper By Marc Jones LONDON, Aug 16 (Reuters) - Bruised world shares and emerging market currencies fought to regain their footing on Thursday, after China said it will hold trade talks with the United States later this month and Turkey's lira continued its recovery run. Asian equities had hit one-year lows overnight as they tracked Wednesday's global falls and Tencent results disappointed, but a fresh recent high for the FTSE and modest gains elsewhere pulled Europe up early on.

EMERGING MARKETS-Bears maul emerging-market stocks; lira extends rally

LONDON, Aug 16 (Reuters) - Emerging-market equities languished in bear territory on Thursday, shrugging off the prospect of new trade talks between China and the United States, while Turkey's lira extended its rally. MSCI's benchmark emerging-markets stocks index is down around 20.7 percent from its peak in January, dogged by tit-for-tat tariffs between China and the United States and by political and economic strains in countries such as Turkey and Argentina.

Europe Markets: European shares stage modest rebound after prior day's rout

China and US to hold fresh trade talks in next two weeks Gold bounces away from 19-month trough By MarketWatch On 16 August 2018 · Leave a Comment European stocks rose slightly in early trading on Thursday, partially reversing steep declines in the previous session, which came on the back of falling commodity prices and ongoing uncertainty surrounding the currency crisis in Turkey.   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.

Oil rises as China, U.S. set for trade talks, but markets weary of slowing demand

* Beijing to send delegation to Washington in late August* But oil market sentiment remains cautious overall* U.S. crude output, inventories rise -EIA* Weak Asian markets start to eat away at crude demand (Adds comments, updates prices)By Henning GloysteinSINGAPORE, Aug 16 (Reuters) - Oil prices on Thursday recouped some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets.

Massmart Hepscuse me?

We don't judge the performance of a business solely on its headline earnings per share - it's a dangerous lone indicator. But there are some who understandably do, and for them the case of Massmart is a cause of some concern, with HEPS expected to decline by somewhere between 16% and 26% for the six months to end June 2018. Perhaps more worrying, it's the only major retail share to have declined since the Walmart transaction of 2010, with Shoprite and SPAR more than doubling in price, and Pick n Pay climbing by +68%.

JSE recovers at the opening on banks, but Naspers still looks fragile

The biggest surprise in markets this year is the mighty US dollar Metair lifts interim profit but warns that Turkish exposure may tarnish full-year results By Business Day On 16 August 2018 · Leave a Comment Naspers regained some lost ground after Wednesday's rout, but continued weakness in Tencent has raised questions about its sustainability   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.

Steinhoff appoints Lehman Brothers insolvency veteran to board

Steinhoff is seeking to strengthen management and add expertise to its board. Steinhoff International moved to appoint insolvency expert Paul Copley to its supervisory board as the troubled global retailer seeks to strengthen management and add expertise following an accounting scandal. A former partner at PwC, Copley worked as an administrator of Lehman Brothers, one of the highest-profile corporate collapses of the financial crisis of 2008.

Uganda wants unit of MTN Group to list locally before licence extension

A shopper walks past an MTN shop at mall in Johannesburg By Elias BiryabaremaKAMPALA (Reuters) - Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters on Wednesday.Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC) said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years."We are evaluating the conditions of (licence) renewal and that's one of the points we are discussing," he said referring to listing shares on the local Uganda Stock Exchange (USE).

South Africa's Exxaro H1 profit lifts boosted by coal performance

The logo of South African coal mining company Exxaro is seen outside the company's Pretoria headquarters JOHANNESBURG (Reuters) - South Africa's Exxaro Resources Ltd said on Thursday half-year profit rose 8 percent, boosted by a strong performance in its core coal business.Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in the same period last year. HEPS is the main profit gauge in South Africa, which strips out certain one-off items.

Tiger Brands shares fall sharply as it warns of woes beyond listeriosis

Market Snapshot: U.S. stock futures point to gains on easing geopolitical concerns, Cisco results By Business Day On 16 August 2018 · Leave a Comment Full-year earnings could fall by as much as 37%, it warns, thanks to a litany of woes including rising fuel and other costs, and impairments in its personal care division   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Fin24.com | Tiger Brands cautions about impact of challenging consumer, competitive environment

WATCH: Stock pick — AB InBev Currencies: Turkish lira aims for third straight gain against the dollar By fin24.com On 16 August 2018 · Leave a Comment Tiger Brands says a reasonable degree of certainty exists that its financial results will differ by at least 20% from the prior comparative period.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Red flags over EOH's water deal

Investigation by task team throws up interesting anomalies in tender — then ceases operations A leaked forensic report has raised questions over EOH's dealings with the government — at a time when the company has yet to regain the lustre that once made it a market darling. The information technology company's share price has lost more than 60% over the past year after allegations of corruption involving an SA Social Security Agency (Sassa) contract surfaced. This was followed by more allegations of corruption involving a company it acquired, Forensic Data Analysts (FDA), run by controversial businessman Keith Keating.

Tiger Brands cautions about impact of challenging consumer, competitive environment

Tiger Brands [JSE:TBS] said in a trading statement on Thursday that a reasonable degree of certainty exists that its financial results for the period ending 30 September 2018 will differ by at least 20% from the prior comparative period. Tiger Brands advised shareholders that it expects earnings per share (EPS) from total operations (including Haco) to be between R4.21 and R7.

Tiger Brands' shares fall on lower FY18 earnings expectations

JSE-listed Tiger Brands' share price fell by nearly 9.8% on Thursday morning after it announced that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year to end September 30 are likely to decrease by 22% to 37% year-on-year. It reported EPS of R19.

WATCH: Stock pick — AB InBev

WATCH: Stock picks — Naspers and Nvidia WATCH: Stock pick — AB InBev By On 16 August 2018 · Leave a Comment Steven Schultz from Momentum talks to Business Day TV about Anheuser-Busch InBev, his stock pick 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.

Exxaro rings in good news with dividend lift, R1.8bn Matla deal

EXXARO Resources was "days away" from finalising an agreement with Eskom which would see the South African power utility fund R1.8bn for the renewal of coal resources at the Mpumalanga province colliery, Matla which Exxaro operates. "We have made good progress with Eskom," said Nombasa Tsengwa, head of Exxaro's coal business in a media call following publication of the firm's interim numbers ended June 30 in which the group also revised its dividend policy having largely reined-in net debt.

WATCH: Stock picks — Naspers and Nvidia

WATCH: What the department of mineral resources wants mining companies to know By Business Day On 16 August 2018 · Leave a Comment Wayne McCurrie from FNB Wealth and Investments talks to Business Day TV about Naspers and David Shapiro from Sasfin Securities discusses Nvidia   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.

Exxaro almost doubles interim dividend as higher coal prices boost bottom line

Wall Street watchdog SEC subpoenas Tesla over Elon Musk's plan to take it private By Business Day On 16 August 2018 · Leave a Comment Coal sales benefited from higher demand from Eskom's Medupi power station, while a stronger rand diluted the gains from higher export prices for coal   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.

AB InBev launches accelerator to help fund sustainability start-ups

AB InBev has launched a new green innovation accelerator as it aims to tackle some of the most pressing sustainability issues.   AB InBev has launched a new green innovation accelerator as it aims to tackle some of the most pressing sustainability issues. Called 100+ Accelerator, the initiative will support, mentor and fund ten successful applicants so they can incubate, experiment and amplify their solutions at scale.

Tiger Brands shares fall as it warns of woes beyond listeriosis

Tiger Brands' share price fell 9% to R298.60 after it warned shareholders its listeriosis woes had been compounded by higher fuel prices and other problems.  Tiger Brands said it expected to report on November 22 that its headline earnings per share (HEPS) for the year to end-September declined by between 22% and 37%.

JSE recovers at the opening on banks, but Naspers still looks fragile

The JSE rebounded at the opening on Thursday as Naspers showed tentative signs of recovering from Wednesday's rout, despite Tencent losing another 3% in Hong Kong trade. Tencent, of which Naspers owns 31.2%, lost further ground on Thursday after retreating in the previous session following disappointing quarterly results.

Tiger Brands shares fall sharply as it warns of woes beyond listeriosis

Tiger Brands' share price fell 9% to R298.60 on Thursday morning after it warned shareholders its listeriosis woes had been compounded by higher fuel prices and other problems. Tiger Brands said it expected to report on November 22 that its headline earnings per share (HEPS) for the year to end-September declined by between 22% and 37%.

Exxaro H1 profit lifts boosted by coal performance

JOHANNESBURG - Exxaro Resources said on Thursday half-year profit rose 8%, boosted by a strong performance in its core coal business. Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in the same period last year. HEPS is the main profit gauge in South Africa, which strips out certain one-off items.

Uganda wants unit of MTN Group to list locally before licence extension

Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters on Wednesday. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC) said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years. "We are evaluating the conditions of (licence) renewal and that's one of the points we are discussing," he said referring to listing shares on the local Uganda Stock Exchange (USE).

Naspers hit as $15bn of Tencent's value evaporates

Arbitration move by Eskom threatens to delay wage deal The best way to save for retirement may be to not think about it By IoL Business Report On 16 August 2018 · Leave a Comment Naspers shares 8.2% down as Chinese internet giant Tencent reports results are below market expectations.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Standard Bank Group Interim Results for 2018

Standard Bank Group's Financial Director, Arno Daehnke, gives a snapshot of the group's financial results for the first half of 2018. For more on the interim results, visit http://reporting.standardbank.

WATCH: Stock pick — AB InBev

Steven Schultz from Momentum chose Anheuser-Busch InBev as his stock pick of the day. He favours a defensive stock at present because of market volatility. "AB InBev is a well-diversified global beer producer and has demonstrated over a long period of time the ability to grow headline earnings slightly above inflation.

Exxaro interim results June 2018

Revenue for the interim period increased to R12.3 billion (2017: R10.7 billion), net operating profit climbed to R3.

Uganda wants unit of MTN Group to list locally before licence extension

A listing of MTN's shares would be a major boost to the local bourse which is still relatively small, with 16 firms. Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters on Wednesday. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC) said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years.

WATCH: Stock picks — Naspers and Nvidia

Wayne McCurrie from FNB Wealth and Investments chose Naspers as his stock pick of the day and David Shapiro from Sasfin Securities chose Nvidia. McCurrie says Naspers is good value at R3000 per share and, "as long as you believe in Tencent management when they say everything is alright, it doesn't disturb the long-term outlook of Tencent". Nvidia makes semiconductors for the gaming industry.

Uganda wants unit of MTN Group to list locally before licence extension

KAMPALA (Reuters) - Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters on Wednesday. A shopper walks past an MTN shop at a mall in Johannesburg, South Africa, March 2, 2017. REUTERS/Siphiwe Sibeko Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC) said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years.

South Africa's Exxaro H1 profit lifts boosted by coal performance

JOHANNESBURG (Reuters) - South Africa's Exxaro Resources Ltd said on Thursday half-year profit rose 8 percent, boosted by a strong performance in its core coal business. The logo of South African coal miner Exxaro is seen outside the company's Pretoria headquarters, South Africa April 19, 2016. REUTERS/Mike Hutchings Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in the same period last year.

Anglo American expects to obtain permit for Minas-Rio mine by June 2019

SAO PAULO - Miner Anglo American Plc expects to obtain licences to expand its Minas-Rio multibillion-dollar iron-ore mine in Brazil by June next year, the company's CEO for Brazil Ruben Fernandes told Reuters on Wednesday. Minas-Rio is Anglo American's biggest development project, but it is still in ramp-up phase. The company aims at hitting a 26.

Why Naspers' Share Price Plunged Yesterday

Yesterday wasn't a great day for Naspers, with share prices dropping by as much as 10% during the course of trading. That's the biggest single-day drop since October 2008, although it had rallied back slightly towards the end of the day. Naspers, Africa's largest company in terms of value, took a beating after Chinese internet giant Tencent Holdings posted earnings that fell short of analyst estimates.

Exxaro almost doubles interim dividend as higher coal prices boost bottom line

Exxaro has almost doubled its interim dividend, declaring a dividend of R5.30 per share, as profits grew on the back of higher coal prices in the first half of the year. In its interim results for the six months to June 30, released on Thursday morning, the coal and heavy minerals mining company recorded revenue growth of 14% from a year earlier, to R12.

Why Naspers' Share Price Plunged Yesterday

Yesterday wasn't a great day for Naspers, with share prices dropping by as much as 10% during the course of trading. That's the biggest single-day drop since October 2008, although it had rallied back slightly towards the end of the day. Naspers, Africa's largest company in terms of value, took a beating after Chinese internet giant Tencent Holdings posted earnings that fell short of analyst estimates.

Isilo Steel Together with the BSC (Business Support Centre), Enhancing Businesses and Lives

Isilo Steel supports the BSC in the form of a monthly grant as well as sponsoring training for the SMMEs throughout the year The BSC was established in 1996 as a Section 21 Company to support startups as after 1994 there were new entrants into the business world. BSC's mission is to link enterprises to business opportunities in the mainstream economy through the provision of a one-stop development and support facility. Since its inception, the BSC has provided business training/counselling to over 14,000 SMMEs [Small Medium and Micro Enterprises] and has been instrumental in creating more than 2,600 jobs through ESD [Enterprise and Supplier Development] opportunities.

Women in Sport and Business Brunch

Hollywoodbets Dolphins and KwaZulu Natal Cricket Union presents the on 30 August at 9am in the VIP Room at Kingsmead Stadium. Please join in on an amazing morning spent with inspiring women as we learn to "live our passion". Guest Speakers include Margaret Hirsch, Jane Linley-Thomas and Nandi Dlepu.

How to write a one-page business plan

Writing a business plan can be daunting, but it doesn't have to be. Get your idea across quickly and clearly Potential investors don't have a lot of time so get the idea of your business across quickly and clearly. It's also a very good exercise to cut down your business plan to the absolute minimum - it forces you to trim unnecessary words and to communicate your idea clearly.

University of Pretoria launches new tech business incubator

The University of Pretoria has announced the launch of TuksNovation, a new high-tech business incubator to support postgraduate students in creating startups and employment opportunities. TuksNovation was established with the support of the Small Enterprise Development Agency (SEDA), the Department of Small Business Development, and the Department of Trade and Industry. The incubator has access to an extensive network of industry partnerships through its affiliation with the Engineering, Built Environment and Information Technology (EBIT) Faculty and is currently expanding its government and industry partner networks.

Neometals to separately list titanium and vanadium business

PERTH (miningweekly.com) - The board of ASX-listed Neometals has approved the demerger of the Barrambie titanium/vanadium project, in Western Australia, along with the associated technology assets, into a newly listed company. Neometals told shareholders on Thursday that the move would allow the company and the newly listed entity to separately focus on the development of their respective integrated lithium and titanium/vanadium strategies.

DA minds own business as EFF, PA bicker ahead of ‘frivolous' Trollip motion

Amid heightened pressure from the opposition parties that want to grab the Nelson Mandela Bay metro municipality from the ruling DA-led coalition, the party says it is not worried about the "frivolous" motion of no confidence going ahead against mayor Athol Trollip on Thursday morning. Instead of being worried, DA Eastern Cape provincial leader Nqaba Bhanga has announced progress made by the coalition government at the metro in the last two year. Bhanga said the coalition, comprising the DA, Cope, African Christian Democratic Party and the Patriotic Alliance, had made good on its promise to make the delivery of houses a priority.

Moving beyond a B-BBEE ratings mindset: Three ways supplier diversity can become part of a business' DNA

Over the past decade, the procurement function has become an important vehicle for business transformation in terms of ensuring supplier diversity and small business growth. However, this function is often underutilised by companies that regard supplier diversity as just a tickbox exercise for B-BBEE.   Consequently, many opportunities for developing SMEs and accelerating SA's economic growth are lost.

Encouraging creativity in your business!

Everyone is born with a reservoir of creativity. This is the basis of the huge toy industry, which is supported by parents who keep spending money on toys, Lego, colouring books and jigsaw puzzles, amongst other things, for their children. It's a pity that creativity and imagination are not necessarily encouraged throughout our lives; as soon as we enter the school system, rote learning dominates, and slowly many of us extinguish that creative spark! The importance of creativity All major innovations in the world are the outcome of great creative energy.

Ideas to Launch your Business for Free (Almost) - What to do While Looking for Funding

While many entrepreneurs dream of getting funding from investors, many have to start their business with little to no money. In this case, the general rule  is to go as far as you can without needing to go raise the external capital - also known as bootstrapping. Here are 6 ideas that will give you maximum bang for your limited bucks.

University of Pretoria launches new tech business incubator

The University of Pretoria has announced the launch of TuksNovation, a new high-tech business incubator to support postgraduate students in creating startups and employment opportunities. TuksNovation was established with the support of the Small Enterprise Development Agency (SEDA), the Department of Small Business Development, and the Department of Trade and Industry. The incubator has access to an extensive network of industry partnerships through its affiliation with the Engineering, Built Environment and Information Technology (EBIT) Faculty and is currently expanding its government and industry partner networks.

Why Fight Or Flight Mode Can Break Your Business

Truly successful business owners are masters of their own emotions though. Because when you aren't, things will quickly start to derail. Have you ever been in a situation where a client started shouting at the staff? It could have been at a restaurant, at a car dealership or even at a doctor's office.

SA car sales heroes: Hyundai becomes a powerhouse, Bentley's an SUV business now in Mzansi

From Hyundai becoming increasingly popular to Bentley selling more of its new Bentayga SUV than any other model in its line-up, Lance Branquinho looks at some car sales heroes in South Africa during July.  Humble Hyundai and its inoffensive, value-orientated, Korean cars. The perception has always been one of a vanilla brand, but with a burgeoning range of product at all the correct price points below R500 000, Hyundai does an impressive trade in South Africa.

Basetsana Kumalo enlightens us ahead of the FNB Business Women's Breakfast

Basetsana 'Julia' Kumalo is a South African TV personality, beauty pageant titleholder, businesswoman, and philanthropist.   Her career kicked off when she was crowned Miss Soweto and Miss Black South Africa at the age of 16. She has not stopped since, using her influence and stature as a way to improve the lives of South Africans across the board.

South Deep, a story of the big mine that couldn't

By David McKay - August 15, 2018 224 Share on Facebook Tweet on Twitter South Deep mine THERE is a story told of how Barrick executives were seen at the 2006 Denver Gold Conference conducting ‘running high fives' having earlier in the year sold the firm's stake in South Deep, the West Rand gold mine, to Gold Fields for R22bn in cold cash. An apocryphal tale delivered in hindsight perhaps, especially given Gold Fields' 12-year failure to extract anything like the kind of value paid for the asset. Yet there's no disputing the R22bn, nor the fact that the CFO who presided over the Gold Fields purchase was Nick Holland, incumbent CEO at the South African firm for ten years in April.

Aury Africa introduces RFID track-and-trace solution for mining

Screening and vibrating equipment solutions and services provider Aury Africa has introduced a radio-frequency identification (RFID) audit and inspection solution that is ideal for mining applications. These include inspecting plant equipment, mining machines, pumps, valves and pipes - in fact, most items of equipment that may require regular inspection and, in some cases, regulatory requirements. RFID tags use an electromagnetic field to automatically identify and track tags attached to objects and equipment.

Seeing the wood for the trees

"Suddenly we were sitting with all this capacity in a market that was getting much smaller." The former orphan, Saiccor Mill, suddenly became more important, and it has since become increasingly more profitable and relevant in size to the rest of Sappi. It's at this mill that the company will be investing R2.

SA is probably in a recession - and our recovery will be very noisy

Bruce Whitfield South Africa might be in its ninth recession in the last 45 years. A sharp slowdown in economic activity and concerns about land and mining policy are weighing on investment Politicians are not helping. Economists at global bank HSBC have sent a note to clients this week warning that they expect the South African economy to have contracted in the second quarter.

Tencent shares take a beating on gaming woes

Tencent has been unable to monetise PUBG Tencent slumped after the Chinese social media giant reported shockingly poor quarterly numbers, underscoring how tech superstars that led the market to new heights are showing signs of strain. Tencent — 31.2% held by South Africa's Naspers — surprised investors with its first profit drop in at least a decade after a freeze on new game approvals in China as the regulators are restructured.

Gupta-loot worth over R40 billion plundered from state coffers

The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers… Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on Wednesday. He also shed some light on other high-profile investigations, such as those against Steinhoff and VBS Bank. Transnet No suspects have been identified yet in the Hawks' investigation into Gupta-led state capture at Transnet worth R38,6bn - the largest amount of money allegedly looted in a case currently under investigation.

UPDATE 1-Carlsberg Q2 sales boosted by World Cup, raises 2018 outlook

(Adds CEO comment, Russian sales) COPENHAGEN, Aug 16 (Reuters) - Danish brewer Carlsberg on Thursday posted better-than-expected second-quarter sales and raised full-year profit outlook, buoyed by strong sales in Russia during the World Cup. Carlsberg, the world's third-largest brewer behind Anheuser Busch InBev and Heineken, has been losing ground to rivals in Russia, which accounts for around a fifth of sales. Volumes in Russia rose 10 percent in April-June following an 11 percent decline in the first quarter, the brewer said.

Library gets facelift

Nelson Mandela has been making an imprint on the world for 67 years, beginning in 1942 when he first started to campaign for the human rights of every South African. It is for this reason that the Kolomela Mine devoted this year's 67 Minutes of public service under the theme, "Action against poverty", to fix and cover books and spring clean the Jenn Haven Library in Postmasburg. On Wednesday, 18 July, the Kolomela Mine in partnership with Kolomela's contracting companies, contributed 67 minutes of their time towards giving the Jenn Haven Library a facelift.

Reality sets in for South Africa

If there were any doubts that the euphoria following Cyril Ramaphosa's election as president of South Africa has evaporated, this week's slump in the rand has removed them. The currency has plunged to a level last seen when Jacob Zuma was still in charge, having retreated from a three-year high against the dollar amid a toxic cocktail of negative economic news, political risks and falling commodity prices. An investor retreat from emerging markets has accelerated its slide of almost 10% against the dollar this month.

UK Stocks-Factors to watch on Aug 16

Aug 16 (Reuters) - Britain's FTSE 100 index is seen opening up 20 points at 7,518 on Thursday, according to financial bookmakers. * RANK GROUP: British bingo and casino operator Rank Group's full-year pre-tax profit fell more than 40 percent, its Hong Kong-listed owner Guoco Group Ltd said in a statement on Thursday. * SPORTS DIRECT: Philip Day, owner of the Edinburgh Woollen Mill Group, is in discussions with landlords to take over several House of Fraser stores in a move that could anger the chain's new owner, Sports Direct International Plc , The Times reported on Thursday.

Why you should be worried about the JSE

More than two thirds of counters in the ALSI are down for the year to date. There is good reason for investors to be cautious. BUSINESS NEWS - From the start of the year to the end of July the FTSE/JSE All Share Index (ALSI) was down 1.

Why you should be worried about the JSE

More than two thirds of counters in the ALSI are down for the year to date. There is good reason for investors to be cautious. BUSINESS NEWS - From the start of the year to the end of July the FTSE/JSE All Share Index (ALSI) was down 1.

Gold mining wage talks to continue next week

JOHANNESBURG - The gold mining sector has not reached an agreement on mineworkers' wages this week. Unions are rejecting the offer from four of the big gold producers, AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef. The offers range ranged from 6 to 7.

How a ‘perfect storm' pummeled the rand

Conditional tax-break deal with carmakers imminent Updated Figo on the chase By Business Day On 16 August 2018 · Leave a Comment Moody's warning, Naspers's slide, land expropriation without compensation and shock retail sales data contribute to the local currency's fall   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: Logistics sector a bellwether for economic activity, but it has its own peculiarities too

Competition grows in Cross Country Rally World Cup How a ‘perfect storm' pummeled the rand By Business Day On 16 August 2018 · Leave a Comment Barloworld, Imperial and Supergroup all surged in the first few months of 2018 but then subsided. The drama of this reversal has been enormous   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.

Hawks boss admits elite unit is struggling

Competition grows in Cross Country Rally World Cup How a ‘perfect storm' pummeled the rand By Business Day On 16 August 2018 · Leave a Comment Hawks boss Godfrey Lebeya admits that the crime-fighting unit does not have sufficient capacity to deal with cases, including Steinhoff, VBS and state capture   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.

Asia exerts downward pull, on busy day for JSE watchers

Thursday is a busy day for JSE watchers, with results from Standard Bank, Truworths, Gold Fields, Exxaro, Adapt IT, City Lodge Hotels, and Freedom Property Fund. Asian markets indicated the JSE is likely to suffer its third trading day of losses, with mainland China's Shanghai composite index down 0.87%, Hong Kong's Hang Seng index down 0.

Blockchain benefits still murky for most commodities trading

By Julia PayneLONDON, Aug 16 (Reuters) - Commodity firms and banks have been diving into blockchain pilot schemes over the last two years but the new technology's application for most trading has likely been over-hyped, a report by Boston Consulting Group (BCG) said.Blockchain, originally the platform behind cryptocurrency Bitcoin, is viewed by some as a solution to inefficiencies, improving transparency and reducing to the risk of fraud. But BCG believes its potential has been exaggerated.

NHI will 'nationalise' healthcare - Free Market Foundation

The National Health Insurance (NHI) proposed legislation will effectively lead to the nationalisation of health services if doctors and other providers are forced to contract to the NHI, says the Free Market Foundation.  Michael Settas, a consultant specialising in the health market industry, says while universal health coverage is a laudable objective, the need for an NHI is questionable, as South Africa's spending on healthcare is already high, and the public service should be improved to deliver better care.  The Free Market Foundation, which advocates for the deregulation of markets, held a media briefing in Sandton on Wednesday about three key documents set to shake up the healthcare industry.

‘Ramaphoria' evaporates as reality sets in for SA

It's been a disastrous week for the rand amid a toxic cocktail of negative economic news, political risks and falling commodity prices. If there were any doubts that the euphoria following Cyril Ramaphosa's election as president of South Africa has evaporated, this week's slump in the rand has removed them. The currency has plunged to a level last seen when Jacob Zuma was still in charge, having retreated from a three-year high against the dollar amid a toxic cocktail of negative economic news, political risks and falling commodity prices.

Hawks ‘working on Gupta case'

The Hawks have assured parliamentarians that they are continuing to work behind the scenes with Interpol regarding the extradition of the Guptas - from either India or Dubai - to ensure that they face charges linked to state capture. Hawks head LieutenantGeneral Godfrey Lebeya and police minister Bheki Cele said this in parliament, where they were briefing the police portfolio committee on the high-profile cases they were probing. DA and EFF MPs had earlier voiced unhappiness about the slow pace of the Hawks' investigation into state capture‚ as well as investigations into allegations of corruption at Eskom‚ Transnet‚ VBS mutual bank and retailer Steinhoff.

SE Asia Stocks-Fall as global economy risks pressure markets

* Singapore extends losses into 5th straight session * Indonesia resumes fall after previous session's gains pressured by an extending rout in Asian equities as Turkey's currency woes and protectionist U.S. trade policies sparked jitters over the global economic health.

Asia Markets: Asian markets slip, but recover from steeper early losses

Fin24.com | BOOK REVIEW: What happens to wealth as populations age? Transnet CEO and officials face suspension - chairman By MarketWatch On 16 August 2018 · Leave a Comment Asian stock markets mostly slipped lower in early trading Thursday, but pared early losses after reports that China has agreed to take part in trade negotiations with the U.S.

UPDATE 2-Oil rises as China, U.S. set for trade talks, but markets weary of slowing demand

* Beijing to send delegation to Washington in late August * But oil market sentiment remains cautious overall * U.S. crude output, inventories rise -EIA * Weak Asian markets start to eat away at crude demand (Adds comments, updates prices) By Henning Gloystein SINGAPORE, Aug 16 (Reuters) - Oil prices on Thursday recouped some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets.

Fonterra urged to dust off plan to split business in two

On Wednesday, Fonterra chairman John Monaghan halted the search for a new chief executive and appointed company insider, Mike Hurrell, as acting chief executive to replace Theo Spierings. Fonterra's decision to take stock after disappointing earnings results prompted a small rally in its share price, which has fallen by a quarter this year. It ended up 1 percent to $4.

Meet the Investor: Stephen Gugu, Viktoria Business Angels Network

Kenyan angel investor Stephen Gugu used to work in asset management for one of the largest banks in Africa. But he was bored. "After a couple of years that became boring, too much sitting in plush offices and not a lot of front line action," he said.

Is the loss-making Uber a viable business?

In March, Uber will turn 10 years old. On paper, it's one of the world's most highly valued companies. Uber has become a verb for rides on demand, changed the transportation habits of millions and pushed changes in city planning around the world.

Creating Your Own Successful Bitcoin Business-Part 5

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.

6-year-old launches business to fund love of animals & her charitable heart Addison is a business-savvy 6-year-old with a pa

Addison is a business-savvy 6-year-old with a passion for bright colours, bath bombs and of course, dogs. So she started a business to raise funds for FORA Megan Hunter, an inspirational South African who shared her own story with us last year, got on in contact to tell us about Addison. Addison is a 6-year-old with a thriving little business all built up to help raise funds for ‘Friends of Rescued Animals' (FORA).

Corporate women meet to strengthen business bonds

Ladies attended the Birchwood Hotel Women's Day, celebrating women in business. A FEW ladies from Alberton recently attended a prestigious event in Boksburg - the annual Birchwood Hotel Women's Day - which celebrates the strength of women in business. HAPPY ALBERTONIANS: Lynn Goldberg, Rossella Roco, Monica Wilson and Angelique Greyling from PepsiCo in a cheerful mood celebrating women in business.

Creating Your Own Successful Bitcoin Business-Part 5

[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.

My auto-immune disease led me to a great business with health benefits

Protection during the summer holidays is essential Sjogrens Disease ? What is that I thought? As it turned out it turned out that although I knew I had an auto-immune disease that the Drs thought was Fibromyalgia it was actually worse.. I was diagnosed with Sjogrens in 2017 after several years of thnking that I had a severe form of Fibromyalgia. Eventually while researching autoimmune symptoms online I came across a list of symptoms that fitted me exactly- the condition includes dry cough, dry eyes, dry skin, fatigue, joint stiffness, stiffness, swollen lymph nodes, sensitivity to sunlight causing skin rashes.

The business case for reducing carbon emissions

Jacob Zuma is adamant he should get state funding in corruption trial TIM COHEN: Logistics sector a bellwether for economic activity, but it has its own peculiarities too By Business Day On 16 August 2018 · Leave a Comment As the carbon tax looms, there are many ways (and ncentives) to power companies using more sustainable and sensible methods, writes Dom Chennells   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.

Is Uber finally turning into a real business?

One year after Uber founder and super-bro Travis Kalanick was ousted in favour of former Expedia head Dara Khosrowshahi, the company seems to have turned a corner. On Wednesday Uber announced year-on-year revenue growth of 63% and a narrower loss - "just" $891 million, down from $1.1 billion a year ago.

Rustenburg is a tightrope that must be traversed: Implats' Muller

By Brendan Ryan - August 15, 2018 017 Share on Facebook Tweet on Twitter Impala Platinum CEO, Nico Muller This article first appeared in The Mining Yearbook 2018 distributed through Finweek on August 9, but written a month before. The article has been updated where practical to account for subsequent events. IMPALA Platinum (Implats) CEO, Nico Muller, has been in the hot seat for just over a year since taking up the position in April 2017 and, as this Mining Yearbook goes to press, he is facing up to a "make-or-break" decision: what to do about the loss-making Rustenburg Division mines.

Naspers shares slide over Tencent earnings

Chinese internet giant Tencent Holdings second-quarter profit fell 2 per cent marking the first decline in nearly 13 years on lower than expected gaming growth and weak investment gains. Joining CNBC Africa is Dylan Bester, Director, Skycastle International Investments. https://www.

UPDATE 1-South Africa's Exxaro H1 profit lifts boosted by coal performance

(Adds detail, dividend) JOHANNESBURG, Aug 16 (Reuters) - South Africa's Exxaro Resources Ltd said on Thursday half-year profit rose 8 percent, boosted by a strong performance in its core coal business. Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in the same period last year. HEPS is the main profit gauge in South Africa, which strips out certain one-off items.

Exxaro H1 profit up 8% on coal performance

Net operating profit at its coal segment rose 12% to R3.387 billion. Exxaro Resources said on Thursday half-year profit rose 8% boosted by a strong performance in its core coal business.

South Africa's Exxaro H1 profit up 8 pct on coal performance

JOHANNESBURG, Aug 16 (Reuters) - South Africa's Exxaro Resources Ltd said on Thursday half-year profit rose 8 percent boosted by a strong performance in its core coal business. Diluted headline earnings per share (HEPS) rose to 953 cents for the six-month period ended 30 June 2018, from 882 cents in the same period last year. HEPS is the main profit gauge in South Africa and strips out certain one-off items.

The business case for reducing carbon emissions

Cost-drivers for many businesses are likely to be the ones that produce the most greenhouse gases, such as fossil-fuel generated electricity, business travel, and waste disposal Reducing carbon emissions is increasingly becoming a business imperative. The introduction of tax incentives and the possibility of a carbon tax on the horizon makes reducing greenhouse gas emissions good business sense. With a view to enable SA to meet its commitments in term of the Paris Agreement on climate change and reduce greenhouse gas emissions, the government has touted the introduction of a carbon tax from January 2019.

High School Jam 2018: Participating Schools

HIGH SCHOOL JAM 2018 Once again will ROCK the GrandWest Grand Arena this year on Saturday 18th August 2018. 9 High Schools over 1000 teenage performers, over 5000 Friends, Families and FANS will gather for the Capes favourite High School Music event and this year promises once again to be even bigger and better. The ultimate objective is to unite teenagers, schools and communities through music ,entertainment and performance on a world class stage such as the Grand Arena.

UGANDA: MTN must list on USE or lose license

Uganda wants unit of MTN Group to list locally before license extension KAMPALA (Reuters) - Uganda has asked the local unit of South African telecoms giant MTN Group (MTNJ.J) to list some of its shares on the local stock exchange as a condition for renewing its operating license, a top official told Reuters on Wednesday. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC) said Ugandans should be able to own a stake in the firm which has operated in the country for 20 years.

SA's medicines regulator hobbled by protests

SA's medicines regulator has been forced to put in place contingency plans to try and minimise the disruption to essential services caused by protests at the health department's offices in Pretoria. The South African Health Products Regulatory Authority (Sahpra) is responsible for ensuring that medicines sold in SA are safe and effective. It is housed in the health department's Civitas building, where staff have been protesting since April over the poor state of their working environment.

Hawks boss admits elite unit is struggling

The Hawks, SA's elite crime-fighting unit tasked with tackling high-profile cases, is so weak it is struggling to deal with serious commercial crimes, its own boss conceded on Wednesday. The Hawks are currently dealing with high-profile cases such as the Steinhoff saga and the VBS Mutual Bank matter. They are also leading the investigation into state capture.

Troubling times after Ayo deal fails

The collapse of the transaction with British Telecoms SA comes at a tricky juncture for the PIC and Iqbal Survé's Sekunjalo The Ayo share price has seemingly been trapped at a low of R24 since the company announced that a deal, widely assumed to have been a slam-dunk, is off for now. Investors may be waiting to hear when the deal will be back on, or to see some sign of the "list of acquisitions" Ayo referred to in a Sens statement in April. At the time, Ayo promised to announce details of all the transactions it intends concluding, in line with the JSE's requirements.

How a ‘perfect storm' pummeled the rand

The rand had another torrid day, slumping more than 3% at one point, after Moody's Investors Service sounded a warning about the country's finances and Reserve Bank governor Lesetja Kganyago said he is expecting a weak economy. After being battered together with other emerging markets in the wake of Turkey's financial crisis in the past week, domestic factors took centre stage on Wednesday, further undermining optimism from earlier in the year when President Cyril Ramaphosa replaced Jacob Zuma. A report that shows retail sales grew below market expectations in June added to concern that SA is set for its first recession in about a decade, while sentiment was also hit as ANC chair Gwede Mantashe was reported as calling for restrictions on land ownership.

Price fall adds to long-suffering platinum industry's woes

The long-suffering platinum industry was dealt another blow this week when the metal price hit its lowest level in a decade as investors fled commodities. South African producers Impala Platinum and Lonmin have already embarked on major restructuring and job cuts in the face of persistently low platinum prices in recent months. But since Monday the price slipped below $800/oz, a level last seen in 2008, after US President Donald Trump imposed sanctions against Turkey.

US beer maker's Canadian weed deal on a high

Bengaluru — Constellation Brands, the maker of Corona beer, will invest another $4bn in Canada's top cannabis producer, Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry on legal pot. Constellation was among the first major alcohol producers to invest in marijuana production when it pumped nearly $200m into Canopy last year but the latest notice makes it the biggest investment in the industry. Canada, where 4.

Zunaid Moti's extreme makeover

For all the intrigue linked to him, Zunaid Moti has won over forensic investigator Paul O'Sullivan, enlisted the services of anti-apartheid activist Lord Peter Hain and has a chrome offtake deal with Glencore Zunaid Moti is frustrated at being called controversial. The 44-year-old, who comes from Mokopane, where his father owned a large general dealership, says: "Forever and a day, as far as SA is concerned, whenever I open a newspaper, I am controversial," he says. "Good stories don't sell; they sensationalise nonsense … They deal with me as if I'm listed and owe someone in the street money.

GLOBAL MARKETS-Asian shares trim losses on renewed Sino-U.S. talks; Turkey, China worries weigh

* China announces new round of trade talks with U.S. * MSCI Asia ex-Japan hits lowest since Aug 2017 in early trade * Tencent's earnings shock weighs on investor sentiment By Tomo Uetake TOKYO, Aug 16 (Reuters) - Asian shares pulled away from one-year lows on Thursday, after Beijing said it will hold trade talks with Washington this month, although Turkey's currency crisis and fears of an economic slowdown in China kept most markets in the red.

GLOBAL MARKETS-Asian shares hit one-year low on Turkey, China worries

* MSCI Asia ex-Japan hits lowest since Aug 2017 * Tencent's earnings shock sour investor sentiment By Tomo Uetake TOKYO, Aug 16 (Reuters) - Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey's currency crisis and fears of an economic slowdown in China fanned worries about global growth. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.0 percent, while Japan's Nikkei and the Australian benchmark dropped 1.

UPDATE 1-Tencent shares slide as profit falls and regulatory outlook spooks investors

* Tencent shares fall to lowest level in a year * Regulatory measures cloud outlook for game market * Analysts broadly upbeat on longer term outlook (Updates with market open, adds analyst comment) HONG KONG, Aug 16 (Reuters) - Shares of Chinese technology giant Tencent Holdings plunged on Thursday after it reported its first quarterly profit fall in nearly 13 years and said it did not know whether it would get Chinese approval for its most popular game. Chinese censors' sometimes abrupt and haphazard regulatory measures have clouded the outlook for the world's largest market for mobile games in a country where the government can make or break a business. Tencent said late on Wednesday the biggest issue facing the company before it could return to rapid revenue growth was to gain regulatory approval to start charging for its PlayerUnknowns' Battlegrounds (PUBG) video game in China.

Tencent shares set to slide after first qtrly profit fall in 13 years

HONG KONG, Aug 16 (Reuters) - Shares of Chinese technology giant Tencent Holdings were set to slide 4.8 percent on Thursday after it reported its first quarterly profit fall in nearly 13 years and said it had no clarity on when it may get China approval for its most popular game. Tencent's shares, which have dropped 13.

Izandla Property and Sasol partner to develop new wax warehouse

Izandla Property and Sasol Wax Chemicals have partnered to develop a new logistics warehouse and offices measuring 17 020 square meters located in Sasolburg's Sasol ChemCity Eco-Industrial Park. Development began on the 1st of May with completion anticipated for the end of April 2019. This is Izandla's first development transaction since its launch in June 2017.

Anglo American expects to obtain permit for Minas-Rio mine by June 2019

SAO PAULO, Aug 15 (Reuters) - Miner Anglo American Plc expects to obtain licenses to expand its Minas-Rio multibillion-dollar iron ore mine in Brazil by June next year, the company's CEO for Brazil Ruben Fernandes told Reuters on Wednesday.Minas-Rio is Anglo American's biggest development project, but it is still in ramp-up phase. The company aims at hitting a 26.

Brazil's Samarco to pay $512.5 million to disaster victims this year - foundation

SAO PAULO (Reuters) - Brazil's Samarco Mineração SA expects to pay up to 2 billion reais ($512.5 million) this year to 19,000 families affected by the 2015 mining disaster in the state of Minas Gerais, the foundation created to pay the victims said on Wednesday. The first families to receive damages payments will be "the most vulnerable," said Roberto Waak, president of the foundation.

YES to job creation initiative? No? Maybe?

Dti puts stumbling block in path of youth work initiative. Despite the Department of Trade and Industry (Dti) scrapping some onerous Black Economic Empowerment (BEE) requirements to encourage companies to participate in a youth work experience initiative, the initiative's take-off has been stunted by the department's delays in signing and publishing it into law. The Youth Employment Service (YES), an initiative that has the ambitious goal of providing one million South Africans with paid work experience over the next three years, faces growing risks of not receiving adequate support from the private sector.

What the Princeton Review didn't reveal in its annual college financial-aid ranking

Fin24.com | Top reads on Fin24: Moody's warns of SA fiscal deficit, Gordhan announces whistleblower hotline and Hawks seeks Interpol help with Steinhoff Daily Cartoon: Wednesday, August 15th By MarketWatch On 15 August 2018 · Leave a Comment The list aims to create more transparency around expensive colleges offering surprisingly large financial-aid packages.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Naspers sheds R121bn in market value on Tencent's results

Naspers' valuation fell by more than Aspen Pharmacare's entire market capitalisation on Wednesday after its main asset, Hong Kong-listed Tencent, reported a surprise decline in earnings. The Naspers decline dragged the JSE all share index down as much as 3.4%, since the company accounts for about a fifth of the local bourse.

Rand slumps after Moody's warning on fiscal consolidation

The rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy. Moody's is the only one of the "big three" ratings agencies which still has South Africa's sovereign rating in investment grade, so any hint that the agency could lower that rating easily unsettles financial markets. President Cyril Ramaphosa, who replaced scandal-plagued Jacob Zuma as head of state in February, has staked his reputation on boosting growth and wooing foreign investors after a decade of economic stagnation.

Naspers drags JSE down, rand in biggest decline

Looting syndicate has SAA Technical ‘under siege' Glaxo's monthly anti-HIV injection as effective as daily pill regimen By IoL Business Report On 15 August 2018 · Leave a Comment Domestic currency was facing pressure from two sides with the US dollar on one side and the Turkish narrative on the other side.   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.

Hawks investigate cases related to Gupta-loot worth more than R40 billion

The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on Wednesday. He also shed some light on other high-profile investigations, such as those against Steinhoff and VBS Bank.

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

BBC CEO Kganki Matabane welcomes the newly-elected president of the council, Sandile Zungu. Picture: @KgankiMatabane/Twitter We're still a racialised society. We tend to look at things racially, even when it's not necessary… When people are having Friday dinners, they lash at Government and that informs their thinking [about] whether they need to invest… unfortunately, sometimes they vote to rather keep their money on their balance sheets because of the influence of their friends on Fridays… We need to embrace this Mandela vision… so that tomorrow can be brighter than today… we need to deracialise our thinking, deracialise our mindset and definitely deracialise our actions… — Sandile Zungu, Black Business Council We have a very single-minded focus on broadening the space for black business in the national economy… — Sandile Zungu, Black Business Council The Black Business Council (BBC) last week announced Sandile Zungu as its new president.

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

We're still a racialised society. We tend to look at things racially, even when it's not necessary… When people are having Friday dinners, they lash at Government and that informs their thinking [about] whether they need to invest… unfortunately, sometimes they vote to rather keep their money on their balance sheets because of the influence of their friends on Fridays… We need to embrace this Mandela vision… so that tomorrow can be brighter than today… we need to deracialise our thinking, deracialise our mindset and definitely deracialise our actions… We have a very single-minded focus on broadening the space for black business in the national economy… The Black Business Council (BBC) last week announced Sandile Zungu as its new president. Zungu is, according to BBC CEO Kganki Matabane, a well-respected businessman that is well-suited for the job.

World stocks tumble, hitting emerging markets as the dollar rises

Anger grows in Italy as bridge toll rises to 39 By Business Day On 15 August 2018 · Leave a Comment The dollar index hits a 13-month high, pressuring commodities; the Turkish lira extends its bounce but many early gains fizzle out, as China's yuan falls   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.

South African rand slumps after Moody's warning, stocks tumble

A street money changer counts South African Rands in Harare By Alexander Winning and Olivia Kumwenda-MtamboJOHANNESBURG (Reuters) - South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy.Moody's is the only one of the "big three" ratings agencies which still has South Africa's sovereign rating in investment grade, so any hint that the agency could lower that rating easily unsettles financial markets.President Cyril Ramaphosa, who replaced scandal-plagued Jacob Zuma as head of state in February, has staked his reputation on boosting growth and wooing foreign investors after a decade of economic stagnation.

Trump Today: Trump Today: President congratulates Republican ‘team' after primaries, defends tariffs

Broad-based rout in JSE after Moody's warning and Naspers's slump This List Reveals Which Flights Come With a Dose of Radiation 60 Times Higher Than Driving By MarketWatch On 15 August 2018 · Leave a Comment President Donald Trump on Wednesday touted Republican primary victories and said tariffs were leading the country to new trade deals, as he tweeted birthday wishes to a Democrat he has clashed with.   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.

Tesla is no longer rated by Goldman Sachs as bank takes on advisory role

Dlamini-Zuma asks grants recipients who have not received their money to be patient Broad-based rout in JSE after Moody's warning and Naspers's slump By MarketWatch On 15 August 2018 · Leave a Comment Tesla bears lose one of their own as Goldman Sachs bows out of the stock's coverage and keeps mum on the specifics of its advisor role to the car maker's going-private plans.   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.

#RandReport: Rand slumps after Moody's warning, stocks tumble

Moody's is the only one of the 'big three' ratings agencies which still has South Africa's sovereign rating in investment grade. | JOHANNESBURG - South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy.Moody's is the only one of the "big three" ratings agencies which still has South Africa's sovereign rating in investment grade, so any hint that the agency could lower that rating easily unsettles financial markets.

South Deep, a story of the mine that couldn't

THERE is a story told of how Barrick executives were seen at the 2006 Denver Gold Conference conducting ‘running high fives' having earlier in the year sold the firm's stake in South Deep, the West Rand gold mine, to Gold Fields for R22bn in cold cash. An apocryphal tale delivered in hindsight perhaps, especially given Gold Fields' 12-year failure to extract anything like the kind of value paid for the asset. Yet there's no disputing the R22bn, nor the fact that the CFO who presided over the Gold Fields purchase was Nick Holland, incumbent CEO at the South African firm for ten years in April.

Broad-based rout in JSE after Moody's warning and Naspers's slump

Dlamini-Zuma asks grants recipients who have not received their money to be patient By Business Day On 15 August 2018 · Leave a Comment The rand has weakened 3% against the dollar on renewed risk-off sentiment, and the Dow has opened 1% lower amid retreating European markets   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.

Gold Fields forced back to the drawing board on South Deep

Image: Freddy Mavunda After years of losses and failed turnarounds, Gold Fields is having to come up with another plan to save its massive South Deep mine. The Johannesburg-based company may cut about 1 560 employees and contractors at the operation, and refocus the mine plan to reduce activity and lower costs. South Deep is the world's second-biggest known body of gold-bearing ore and has the potential to produce for 70 years, yet more than a decade of poor performance has weighed on the company.

Naspers plunges as Tencent surprises with first profit drop in a decade

JOHANNESBURG — Metaphorically speaking, it was blood on the trading floors of the JSE on Wednesday as a plunge in Naspers' share price as well as concerns over South Africa's mining sector and the country's economic prospects came into sharp focus. Naspers, with its 18% weighting on the JSE, plunged over 10% in trade at one point as Tencent delivered earnings results that disappointed the market in Hong Kong. Naspers, which still has a 31% stake in Tencent , has used its cash war chest to acquire numerous businesses in recent times, but it's still heavily dependent on the Chinese tech giant's performance.

Hawks reach out to Interpol for help with Steinhoff investigation

The retail giant's in December 2017 as details of suspected fraud emerged. | CAPE TOWN - The Hawks have asked Interpol to help them get access to police and the Netherlands. Directorate for Priority Crime Investigations Head Lieutenant General Godfrey Lebeya says the Hawks have three dockets and a report in terms of the Prevention and Combatting of Corrupt Activities Act.

Unions reject gold companies' latest wage offer

Unions involved in wage bargaining talks for the gold sector have rejected the latest offer put forward by employers. Negotiations over wage adjustments and other employment benefits began last month between gold producers AngloGold Ashanti [JSE:ANG] , Harmony [JSE:HAR ], Sibanye-Stillwater [JSE:SGL]  and Village Main Reef; and unions, the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA. "All four unions have rejected these offers, which ranged from 6% - 7.

South Africa Considering Tougher Anti-Smoking Laws

JOHANNESBURG - A bill that would toughen anti-smoking legislation in South Africa has been submitted to parliament for review by lawmakers, a health ministry spokesman said on Wednesday, as a campaign against the proposed changes intensifies. A man lights a cigarette on the street in Brioude, France, June 8, 2018. REUTERS/Regis Duvignau The Control of Tobacco Products and Electronic Delivery Systems Bill would restrict smoking in public places, introduce plain packaging, ban point-of-sale advertising and displays, and scrap the sale of single cigarettes… as has been introduced in other countries.

Parliament asks Hawks boss if he'll keep letting SA be ‘raped standing up'

The slow pace of progress with investigations into state capture, the Steinhoff debacle and VBS Mutual Bank left members of Parliament (MPs) incensed on Wednesday as they fired criticism at Hawks boss Godrey Lebeya when he briefed Parliament for the first time since his appointment in May. Lebeya was briefing MPs on the status of cases reported to police and being investigated by the Directorate for Priority Crime Investigaiton (the Hawks) into the looting of billions of rand from state coffers, bank account holders and investors. Democratic Alliance MP Dianne Kohler-Barnard said members of the Gupta family had operated in South Africa for 20 years; she lamented the fact that arrest warrants were only issued once they had left the country.

Top reads on Fin24: Moody's warns of SA fiscal deficit, Gordhan announces whistleblower hotline and Hawks seeks Interpol hel

In case you missed it, here's a roundup of Wednesday's top economic and finance reads on Fin24. Hawks seeks Interpol help with Steinhoff The Directorate for Priority Crime Investigation (Hawks) has asked Interpol to help investigate financial wrongdoing at Steinhoff International [ JSE:SNH ] after the global retailer reported a hole in its accounts and the share price collapsed. There are three existing charges related to Steinhoff and while suspects haven't yet been named, the police "have got an idea" who they are, Godfrey Lebeya, head of the Hawks, told Parliament's portfolio committee on police on Wednesday.

Naspers shares slide over Tencent earnings

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Workers reject latest wage offer by SA gold producers

Workers' unions on Wednesday rejected the revised three-year wage offers of up to 7.2 percent salary increases made by South African gold producers at the a centralised collective bargaining forum. This as the fourth round of wage negotiations between four unions - the Association of Mineworkers and Construction Union (Amcu), National Union of Mineworkers (NUM), Solidarity and UASA - and gold mining companies continued on Wednesday.

Broad-based rout in JSE after Moody's warning and Naspers's slump

The JSE suffered its worst daily percentage fall in 2018 on Wednesday as the local market retreated more than 3%, dragged down by a sharp fall in Naspers and plummeting mining stocks. This followed a negative update from ratings agency Moody's about the government's finances, together with weak retail sales data in June, making it likely that the economy went into a technical recession in the first half of 2018. Moody's expects the fiscal deficit to weaken to about 4% of GDP in the year to the end of March 2019.

The "Pass Through" Deduction Isn't As Limited As You Think

Fin24.com | Downbeat Moody's, Naspers add to perfect storm for rand Rand slips 3% as SA edges towards recession IRS, pass through, pass-through, tax reform, tax deduction, small business Read the full article here. This content was originally published by Inc Magazine.

Northern Cape residents relocated to Kathu demand compensation

Northern Cape residents relocated by Kumba Iron Ore mine to Kathu have marched on the mine, demanding compensation. In 2015 the mine moved the residents from Dingleton to Kathu to expand their operations. Residents claim they were promised 2.

Campaign against anti-smoking bill intensifies

JOHANNESBURG - A bill that would toughen anti-smoking legislation in South Africa has been submitted to parliament for review by lawmakers, a health ministry spokesman said on Wednesday, as a campaign against the proposed changes intensifies. The Control of Tobacco Products and Electronic Delivery Systems Bill would restrict smoking in public places , introduce plain packaging, ban point-of-sale advertising and displays, and scrap the sale of single cigarettes. It is opposed by some businesses, including Japan Tobacco International (JTI), which paid for a radio advert aired this month that encouraged the public to protest against the proposals, published by the Department of Health in May.

Can you survive a R10,000 financial emergency?

Research published by Old Mutual, shows how many South Africans are adequately prepared for a financial crisis. In order to get a fix on the financial "robustness" of South Africa working metro households and to better understand behaviour in the face of a financial emergency, the financial service company conducted a poll in which it asked respondents how they would handle an unforeseen expense of R1,000, then R5,000, rising up to R100,000. The survey revealed that at total market level, all bar 1% of working households can handle an unforeseen expense of R1,000.

For once, Turkey's not to blame for rand's slump

Moody's pours cold water on the government's fiscal consolidation target SA working to eradicate invasive red swamp crayfish in Free State Moody's, Naspers, Sarb and Gwede Mantashe's comments on land, may have instead had a thing or two to do with it. Read the full article here. This content was originally published by Moneyweb.

Hawks brief Parliament on State Capture and other high profile cases

Members of Parliament have apparently expressed frustration at what they believe is the slow progress in state capture investigations. On Wednesday, Hawks head General Godfrey Lebeya briefed Parliament's Police Committee on some the unit's high profile cases. This was Lebeya's first appearance before the committee, two months after being appointed to the position.

Downbeat Moody's, Naspers add to perfect storm for rand

The rand headed for its biggest drop against the dollar since 2016, buffeted by headwinds, including a downbeat assessment of the economy by Moody's Investors Service and a plunge in the biggest company on the Johannesburg Stock Exchange. The currency sank as much as 3.4% against the dollar after Moody's said the pace of South Africa's fiscal consolidation will be slower than government forecasts due to weaker-than-expected economic growth and a rising public sector wage bill.

South Africa's parliament considers tougher anti-smoking bill

* New bill has gone before parliament * Japan Tobacco Intl pays for advert against new law * Bill would bring South Africa in line with WHO standard By Nomvelo Chalumbira JOHANNESBURG, Aug 15 (Reuters) - A bill that would toughen anti-smoking legislation in South Africa has been submitted to parliament for review by lawmakers, a health ministry spokesman said on Wednesday, as a campaign against the proposed changes intensifies. The Control of Tobacco Products and Electronic Delivery Systems Bill would restrict smoking in public places, introduce plain packaging, ban point-of-sale advertising and displays, and scrap the sale of single cigarettes. It is opposed by some businesses, including Japan Tobacco International (JTI), which paid for a radio advert aired this month that encouraged the public to protest against the proposals, published by the Department of Health in May.

Jaguar Mining lowers guidance, CEO resigns

The TSX-listed stock of Jaguar Mining on Wednesday fell by 25% after the Brazil-focused company released its second quarter results announcement, which contained a revised production guidance and news that Rodney Lamond is leaving his position as CEO and director. Jaguar lowered its production guidance from between 90 000 oz and 105 000 oz, to a range of 80 000 oz to 85 000 oz and warned that its Turmalina operation's 2018 output would be lower than initially thought. In the second quarter, Jaguar produced 18 819 oz at an all-in sustaining cost of $1 277/oz and generated revenue of $22.

Hawks brief Parliament on State Capture and other high profile cases

Members of Parliament have apparently expressed frustration at what they believe is the slow progress in state capture investigations. On Wednesday, Hawks head General Godfrey Lebeya briefed Parliament's Police Committee on some the unit's high profile cases. This was Lebeya's first appearance before the committee, two months after being appointed to the position.

UPDATE 3-South African rand slumps after Moody's warning, stocks tumble

* Rand slumps more than 3 percent vs dollar * Central bank says will not intervene on rand * Yields on government bonds rise * Stocks fall more than 3 percent as Naspers tumbles (Updates with bonds, stocks closing prices) By Alexander Winning and Olivia Kumwenda-Mtambo JOHANNESBURG, Aug 15 (Reuters) - South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy. Moody's is the only one of the "big three" ratings agencies which still has South Africa's sovereign rating in investment grade, so any hint that the agency could lower that rating easily unsettles financial markets. President Cyril Ramaphosa, who replaced scandal-plagued Jacob Zuma as head of state in February, has staked his reputation on boosting growth and wooing foreign investors after a decade of economic stagnation.

Ombudsman ruling - Dread disease claim paid for the second …

Although a dread disease claim under a group risk policy was declined as the claim for the same condition was paid by a previous underwriter, the Ombudsman for Long-Term Insurance recently ordered Alexander Forbes to pay a life assured for dread disease after the client had been diagnosed with cancer a second time. About the case: A woman was covered under her employer's group risk policy for dread disease. During 2013 the woman was diagnosed with localised breast cancer and a claim was paid by the "previous insurer" as the policy was previously underwritten by another insurer.

China crackdown exposes Tencent's gaming addiction

The dismal figures produced in the second quarter is boosting fears of Tencent's slowdown. A Chinese crackdown has exposed Tencent's addiction to video games. Disappointing second-quarter figures have ramped up fears of a slowdown at the web giant, which has seen its market value shrink by $170 billion to around $400 billion this year.

Emfuleni loses all vehicles - OUTA

Organisation believes the municipality should now be dissolved Emfuleni loses all vehicles 15 August 2018 The repossession of all Emfuleni municipality's basic services fleet, including essential services vehicles, comes as no surprise. Emfuleni apparently defaulted on payments. Municipalities ought to know that service providers must be paid.

For once, Turkey's not to blame for rand's slump

Moody's, Naspers, Sarb and Gwede Mantashe's comments on land, may have instead had a thing or two to do with it. It's been a tough day for the rand, and for once it's not entirely Turkey's fault. The currency slumped more than 3% as investors digested downbeat assessments of the economy by Moody's Investors Service and the governor of the South African Reserve Bank, the ruling African National Congress's view that white farmers should hand over "excess" land to the state, and a steep drop in commodity prices.

Okavango Diamond Company sales fall 16% in first half of 2018

Gaborone — Sales at Botswana's state-owned Okavango Diamond Company (ODC) fell 16% in the first half of 2018 to $260m, its MD has said, citing a high comparison base against last year's record growth. Marcus ter Haar said the company sold 1.778-million carats in the first half of 2018 compared with 1.

Hawks confirm they are working with Interpol to extradite Guptas

The DA and the EFF are unhappy about the slow pace of the extradition process, but it is a slow one and cannot be ‘bungled' The Hawks have assured the country's parliamentarians that they are continuing to work behind the scenes with Interpol regarding the extradition of the Guptas — from either India or Dubai — to ensure they face charges linked to state capture. Hawks head Lt-Gen Godfrey Lebeya and Police Minister Bheki Cele made the remarks in parliament where they were briefing the portfolio committee on police about the high-profile cases they were probing. MPs from opposition parties the DA and the EFF had earlier voiced unhappiness about the slow pace of the Hawks' investigation into state capture‚ as well as investigations into allegations of corruption at Eskom‚ Transnet‚ VBS Mutual Bank and international retailer Steinhoff.

Mantashe says farm land ownership should be capped at 12,000 hectares

Chairman of the ANC, Gwede Mantashe, was quoted as saying the state should take land without compensation from those who own more than 12,000 hectares. "You shouldn't own more than 12,000 hectares of land and therefore if you own more, it should be taken without compensation," Mantashe was quoted saying by News24, reports  Reuters. Under his proposal, all white farmers who owned more than the stipulated 12,000 hectares would give over ownership of the rest of their land to the state, who would then redistribute it, prioritising successful black farmers currently working on communal land.

UPDATE 2-South African rand slumps after Moody's warning on fiscal consolidation

* Rand slumps more than 3 percent vs dollar * Central bank says will not intervene on rand * Yields on government bonds rise * Stocks fall 3 percent as Naspers tumbles (Adds cenbank governor, retail sales, analyst quote) By Alexander Winning and Olivia Kumwenda-Mtambo JOHANNESBURG, Aug 15 (Reuters) - South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy. Moody's is the only one of the "big three" ratings agencies which still has South Africa's sovereign rating in investment grade, so any hint that the agency could lower that rating easily unsettles financial markets. President Cyril Ramaphosa, who replaced scandal-plagued Jacob Zuma as head of state in February, has staked his reputation on boosting growth and wooing foreign investors after a decade of economic stagnation.

#Loeries2018 finalists: Fourth batch

by MarkLives ( @marklives ) Loeries 2018 finalists are being announced all week long during Creative Week Durban, taking place 16-19 August 2018. All finalists presented here are unaudited results. All winners will be announced at the awards ceremonies, 17-18 August, at the ICC Durban.

Mantashe slams job losses, 'backward' leadership at Gold Fields

Gold Fields has come under fire from Mineral Resources Minister Gwede Mantashe, who has vowed to stop the company's planned 1 560 layoffs and called for new management. The company, which is one of the world's largest gold mining companies, announced the impending retrenchment of 1 110 permanent employees and a further 460 contractors earlier this week. Gold Fields [ JSE:GFI ] shares plunged 13.

Donations bring SAFE schools one step closer

Basic Education Minister Angie Motshekga says the money raised at the launch of the Sanitation Appropriate for Education (SAFE) initiative will assist government to eradicate pit latrines in schools. Currently, there are 3 898 schools that require appropriate sanitation interventions and in many of these, reticulated water is not available.  "A portion of these will be able to be dealt with in the current financial year through provincial education budgets.