Kumba, Mittal look at new supply deal – Business Day
Kumba Iron Ore and ArcelorMittal SA could avoid arbitration altogether if they can reach agreement on a new long-term iron-ore supply contract. Although an agreement also depends on the outcome of a Constitutional Court challenge, a resolution between two of the biggest companies listed on the JSE would end a three-year dispute that has drawn […]
Soaring sugar imports put jobs in danger – Business Report
The local sugar industry’s slow action to stem imports of cheap sugar may result in sugar mills closing down and 40 000 jobs being lost. Illovo Sugar managing director Dave Howells said last week that the industry was late to apply for a tariff increase. view article
New chapter opens for Exclusive Books – Business Day
Exclusive Books, the high-end book chain found in most of SA’s top shopping malls, has been sold by Times Media Group (TMG) to a consortium led by Medu Capital, a majority black-owned and managed private equity company. view article
Market has big expectations of Remgro – Moneyweb
Investment holdings company Remgro has demonstrated its resilience in a tough economic climate with a 34% jump in intrinsic value to R204.83 per share in the year to June. view article
FirstRand captures the market's attention – Business Day
FirstRand’s consistent strong performance over the past three years has made it a compelling investment case at a time when many analysts favour Standard Bank. view article
Competition will cap cement firms' profits – Business Day
South African cement demand grew strongly between 2000 and 2007 and producers were highly profitable, returning significant cash to shareholders, says Ross Heyns, an analyst at Kagiso Asset Management. But since the 2007 market peak, volumes have fallen sharply and margins have come under pressure. view article
FirstRand posts 20% increase in earnings – Business Report
FirstRand is the third of the big banks to report a hit from the controversial collapse of First Strut earlier this year. Notice of the exposure followed yesterday’s release of FirstRand’s results for the 12 months to June, which revealed a strong 20 percent hike in normalised earnings a share to R2.718. view article
FNB plan om kliente te lok bly wenresep – Sake 24
First National Bank (FNB) se strategie om nuwe kliente met innoverende produkte en dienste to lok, were steeds vrugte af. view article
Intu positive as retailers in UK 'more confident' – Business Day
Amid stagnant economic growth, UK-focused Intu Properties has been repositioning itself and will be substantially better placed in the market “as and when the economy picks up”, according to management. view article
Diversified offering boosts Eqstra – Business Day
Eqstra’ biggest growth driver in the year to June was its value added and diversified product offering, CEO Walter Hill said when presenting the company’s results yesterday. view article
