Amplats-Amcu deal minefield – Business Report
The compromise reached by South Africa’s largest platinum producer, Anglo American Platinum (Amplats), with the Association of Mineworkers and Construction Union (Amcu) may come back to haunt it. Analysts unpacking the decision on Friday expressed views ranging from Amplats having been pushed into a corner to that it had failed its shareholders, to speculation that […]
Swakker Chinese groei kan Richemont knou – Sake 24
Richemont se opbrengsvooruitsigte lyk nie so blink soos sy Van Cleef & Arpelsjuweliersware nie. In die geheel toon die luuksegoederegroep se verskeie streke en verkoopskanale stewige groei. view article
Company comment – Business Day
Metair is shifting focus from where vehicles are made to where they are sold. By taking a majority stake in Turkey’s leading lead-acid battery maker it has entered new markets in Eastern Europe and Russia, the Middle East and Africa. view article
Icasa offers relief for cellular callers – Business Report
Consumers look set to be the ultimate winners when the telecommunications industry shifts to reflect new call termination regulations. The proposed reductions in call termination rates in the draft regulations released last week are an inflection point for incumbents Vodacom and MTN, while encouraging smaller operators Cell C and Telkom Mobile to threaten aggressive cuts […]
Retiring CEO helped Imperial weather the storm – Business Day
Analysts lauded JSE-listed Imperial Holdings CEO Hubert Brody, who yesterday announced he would step down in the first half of next year, after having been in charge since 2007. Mr Brody was praised for having steered Imperial through the 2008/09 recession and for developing businesses in Germany and in the rest of Africa. view article
PMI falls to an eight-month low as auto sector strike hurts new sales orders – Witness
The Purchasing Managers’ Index (PMI) fell to an eight-month low in September as a strike in the auto sector hurt new sales orders, suggesting a slowdown in the manufacturing sector, a survey showed yesterday. view article
Manufacturing takes a dive – The New Age
Manufacturing fell in September because of prolonged strikes in key industries, the Purchasing Mangers’ Index (PMI) showed yesterday. The index declined steeply by 7.4 points to 49.1 in September after a successful run in which it held above the 50 level mark for four consecutive months. view article
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