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Retail

Edcon appoints new CEO amid debt restructuring

Jul 30 2015 13:44

Edcon has named Bernard Brookes as its new CEO as the debt-burdened company tries to restructure its debt to repay bondholders.

News

220 000 Cosatu members could strike over trains

Jul 30 2015 11:50

Cosatu has announced it will embark on strike action in August "for the dismal state of the rail services in Cape Town" if stakeholders cannot solve the issues by then.

Tech

Telkom feels the heat from fibre competitors

Jul 30 2015 12:40

Group chief executive officer of Telkom, Sipho Maseko, has said smaller fibre providers are placing “relentless pressure” on the company’s wholesale and networks unit.

Mining

NUM signs wage deal with Northam Platinum

Jul 30 2015 12:38

The National Union of Mineworkers has signed a three-year wage deal with Northam Platinum for increases of up to 17% for its lowest paid members.

Economy

Eskom, Transnet and SAA praised for raising the bar

Jul 30 2015 11:40

State-owned companies often come under fire for poor performance and operational issues, but they have been praised for raising the bar with their integrated reports.

Mining

Mzi Khumalo’s Metallon on comeback trail

Jul 30 2015 12:17

Mzi Khumalo’s Metallon Corporation is on the comeback trail in Zimbabwe, with first-half gold production rebounding and the company revving up its Redwing mine.

Industrial

Shell to axe 6 500 jobs, cut spending on oil price slump

Jul 30 2015 10:56

Royal Dutch Shell is to axe 6 500 jobs and step up spending cuts to deal with lower oil prices which contributed to a 37% drop in the group's second-quarter profits.

Economy

Outa cheers Joburg mayor's hard line on e-tolls

Jul 30 2015 09:55

Anti-tolls body Outa says it is encouraged by Johannesburg mayor Parks Tau's opposition to the tolling of Johannesburg’s urban road infrastructure.

 

In other news

Investors dump Twitter shares amid growth doubts

Jul 30 2015 10:06

Twitter shares have fallen after the latest update from the one-to-many messaging platform revived doubts about its growth prospects.

Dollar up on Fed rate talk, Asian markets up

Jul 30 2015 11:45

The dollar has pushed higher after the Federal Reserve upgraded its outlook on the US economy, while Asian shares were mostly up after a Wall Street rally.

European stock markets climb at open

Jul 30 2015 11:36

Europe's main stock markets have risen at the open on company updates and as investors assessed the US Federal Reserve's outlook for the economy.

BizSpark boost for SA entrepreneurs

Jul 30 2015 10:41

Microsoft’s BizSpark programme provides early-stage tech start-ups with the opportunity to join a vast network of entrepreneurs, partners and advisors.

Economy improving, Sept rate hike in view: Fed

Jul 30 2015 10:30

The US economy and job market continues to strengthen, leaving the door open for a possible interest rate hike when policymakers next meet in September.

IMF: China 'strong enough' to handle market rout

Jul 30 2015 10:00

International Monetary Fund managing director believes that China could weather the turmoil battering its stock exchanges.

Asian markets mostly higher after Wall St gains

Jul 30 2015 07:58

Asian markets have mostly risen, tracking a second straight rally in New York, while the dollar also pushed higher after the Fed upgraded its outlook on the US economy.

US stocks gain as Fed keeps rates low

Jul 30 2015 07:48

US stocks have risen after the Federal Reserve kept its benchmark interest rate at near-zero percent and gave no fresh clues on the timing of a long-awaited rate hike.

Analysis & Opinion

Opinion

Patriotic reporting or corruption whitewash?

A free press has implications for economic development, says Leopold Scholtz....

Opinion

Public figures letting SA down

The madness we see happening in our public institutions is hardly conducive...

Opinion

BOOK REVIEW: Get ready for the DIY economy

The world is on the verge of a new “sharing economy" which gives us a...

  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
PPC Ppc LimitedR21.77R0.643.03%
NPK Nampak LimitedR32.74R0.852.67%
AFH Alexander Forbes Group Ho...R8.88R0.232.66%
BTI British American Tobacco ...R735.52R17.022.37%
SOL Sasol LimitedR427.42R9.432.26%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
HCI Hosken Consolidated Inves...R137.00R-3.75-2.66%
PSG Psg Group LimitedR190.92R-3.08-1.59%
DST Distell Group LimitedR169.50R-2.50-1.45%
SLM Sanlam LimitedR67.68R-0.99-1.44%
TFG The Foschini Group Limite...R141.00R-2.03-1.42%
All JSE data is delayed by at least 15 minutes and provided by INET BFA

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