Imports, supply glut pressure cement sector – Business Day

The domestic cement industry is facing tough conditions in the short term, with excess supply expected to keep margins under pressure. As a result, any further investments are likely to be channelled into upgrading dated and inefficient plants. view article

Woolworths aims for a place in the sun – Moneyweb

Investors were unnerved by Woolworths’ bold plans to acquire Australia’s oldest retailer David Jones, in the process creating the second largest department store in the southern hemisphere and one of the biggest retailers in the world. view article

Insurance giants must first win at home – Finweek

Recently appointed Liberty Holdings CEO Thabo Dloti has to convince the investment community that the financial services group is still a force to be reckoned with in the insurance industry. view article

Netcare UK off the hook – Moneyweb

In an apparent about turn, the UK’s Competition Commission has found that Netcare’s UK operation BMI Healthcare will not have to sell any of its hospital facilities after all. view article

SA banks reap rewards of difficult African ventures – Business Day

Banks are starting to reap the rewards from their operations in the rest of Africa, with Standard Bank benefiting the most from its continental footprint. Collectively, the banks earned just under 10% of their total profit from the rest of Africa in their latest set of results. view article

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