Hot Topics: Anglo American | Public servants strike

Illovo bitter about 'opportunists'

Jul 30 2010 16:26

Small investors hoping to cash in on an odd-lot and specific offer by sugar group Illovo Sugar have been warned against taking advantage of the scheme.

Companies

Anglo's Minas Rio costs soar again

Jul 30 2010 14:18

The capital cost of Anglo American's Minas Rio iron ore project in Brazil has ballooned to about $4.5bn, mainly because of permitting delays.

Economy

Fuel prices go down

Jul 30 2010 13:25

The price of all grades of petrol and diesel will drop next week, says the energy department.

Business

Govt tables 'final' wage offer

Jul 30 2010 12:46

Government will not budge from its offer of a 6.5% salary increase to public sector workers, says Public Service and Administration Minister Richard Baloyi.

Companies

Absa slides on bad news forecast

Jul 30 2010 11:11

Share prices in Absa Group have fallen more than 3%, after the bank said it was hit by slack demand for loans and expects lower first-half profit.

Companies

Anglo resumes dividend payments

Jul 30 2010 09:05

Anglo American has declared an interim dividend on the back of a strong recovery in revenue and profits earned in the first half of 2010.

Companies

UK operations bolster Investec

Jul 30 2010 08:50

Investment bank and asset manager Investec has reported a significant increase in operating income, as its UK business offset weakness in South Africa.

CAN'T GO IT ALONE: Zimbabwe still relies heavily on imported goods as local industry battles to recover from years of economic decline, the country's central bank says. (AFP) Full story...

Breaking News

Sea Kay to sell Silver Falcon for R17m

Jul 30 2010 16:22

Construction firm Sea Kay says it will offload the entire issued share capitals of Silver Falcon and Seriso 474, trading as Sedibeng Bricks for a total of R17.343m.

US recovery loses speed

Jul 30 2010 16:10

Economic revival in the US has lost momentum in the second quarter as growth slowed to 2.4%, its most sluggish showing in nearly a year.

Rand sits in a tight range

Jul 30 2010 16:00

The rand is range-bound amid thin trade.

SA reports trade surplus upswing

Jul 30 2010 14:28

SA has recorded a trade surplus of R5.629bn for its trade with non-Southern African Customs Union trading partners, after a previous deficit of R302m.

Concrete cartel against 10% turnover penalty

Jul 30 2010 14:08

The Competition Tribunal will conduct a hearing next week to decide on a penalty to be imposed on two members of a precast concrete cartel.

Sarb Exchange Control changes name

Jul 30 2010 13:12

The South African Reserve Bank's Exchange Control Department's name will be changed to the Financial Surveillance Department, in line with the gradual changes in its functions.

JSE weak amid negative global sentiment

Jul 30 2010 13:03

The JSE is mired in red as negative sentiment weighs on global markets ahead of the release of US figures after a run of disappointing fundamental data.

Samwu gears up for water strike

Jul 30 2010 12:11

The SA Municipal Workers Union and its allies are preparing to strike after the failure of wage negotiations between them and their employer body.

Columnists

Marc Hasenfuss

Opening the Castle

SABMiller's video link is a nice touch – but let's hope the brewing giant goes further in linking up local shareholders, writes Marc Hasenfuss.

More columns...

Inside Fin24.com

Zimbabwean currency

SA has not supplied rands to Zimbabwe, says Finance Minister Pravin Gordhan.
Endowment policies

Should you dump them?
Storm over alcohol in shops

The Western Cape government is threatening to remove liquor from retailers' shelves.
Cipro loopholes exposed

Well-connected entrepreneurs have hijacked a company with a R220m contract.
BlackBerry targets iPhone

Leaked details of the new BlackBerry show the device targets users of Apple's iPhone.
Making a killing

Figures reported by Famous Brands suggest it had a World Cup feast.
Great strides for ETFs

Exchange-traded funds have made significant advances since they were launched.
Taxis pushed off profit track

The taxi industry operating from OR Tambo has been badly affected by the Gautrain.

International

BA losses widen on strike action

Jul 30 2010 11:10

British Airways says net losses widened to £122m during its first quarter as strike action and the Icelandic ash cloud grounded flights.

SA bottom of African literacy list

Jul 29 2010 17:15

SA is falling behind the rest of the continent in education and skills development, an economist has told the World Bank.

Mines dig deeper for capital

Jul 30 2010 08:39

A scarcity of capital sources and skills shortages are big risk factors for the mining industry, a new global survey finds.

Capital growth still disappoints

Jul 27 2010 18:22

Although cash should still be seen as a "trashy" asset class, investors do not have many other places to park their money, says an analyst.

Northam loses 7 000oz in shutdown

Jul 30 2010 12:57

Northam Platinum has resumed operations at its Zondereinde mine, after shutting down a shaft due to an accident that killed two workers.

Tackling tricky tax items

Jul 30 2010 13:06

Cases where a listed company's tax position is unclear because of a dispute with the taxman or legal uncertainty have been in the spotlight.

Comments and Analysis

Comment And Analysis
All stressed out

Stress tests merely highlight the dearth of common sense in financial market regulation.
Comment And Analysis
No rand relief

The rand will be strong for some time to come.
Comment And Analysis
General dissent

Was Nyanda's ex-DG incompetent - or a victim?
Comment And Analysis
Tackling the job timebomb

Pravin Gordhan has sensible proposals to address unemployment.
Comment And Analysis
An exchange of ideas

Governance issues around corporate websites should get far more attention.
Comment And Analysis
Close call, governor

Gill Marcus has signalled that the global economy is still seriously stalled.
Comment And Analysis
Bharti in the jungle

The Indian telecoms giant says its brand will enter Africa in October.
Comment And Analysis
Renault drives BEE change

How much of a deterrent to foreign investors is BEE really?

More...

Indicators

Last updated: Fri 23:40

Company Snapshot

Business my way: Adrian Gore

Jul 30 2010 13:43

The Discovery boss speaks to Fin24.com about his philosophy on entrepreneurship and why South Africa needs to change its attitude when it comes to small business. Time: 3:57

Not working? Click here More videos

Inflation myths in layman terms - Part 2 On this blog you will find everything SAICA refuse to discuss about SA accountants unknowingly destroying about R167 billion per annum in the non-monetary economy... Read their blog...

Off the Record, July 30 '10

Fin24.com writers debate whether the employment equity report out this week is pointing fingers at the wrong people. Also, a sneak preview of this week's Finweek cover – all about what's hindering SA economic growth. Time: 17:40. Listen Here...

Metal Heads, July 28 '10

CEO Neville Nicolau provides an update on AngloPlat, and Fin24.com dissects ArcelorMittal SA's full-year numbers. Time: 14:38.

More podcasts...

Vote

Q: SA's inflation continues to fall. Should Sarb lower interest rates?

		Yes, the economy needs the boost
		No, we need inflation to drop even lower
		Eskom's price hikes may reverse the inflation trend


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Read it in FinWeek

Chew on this

Jul 29 2010 00:00

At the first World Food Summit held in 1974, then United States secretary of state Henry Kissinger bravely proclaimed global hunger would be eradicated by 1984. As it turned out, he was horribly wrong – as have been other politicians in the ensuing three decades who have made similarly bold political commitments that have fallen way short of the goal of providing an average of 2 000 calories to every adult daily. That’s the minimum dietary energy requirement as laid out by the United Nations Foo
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