• Retribution will come

    Those who now pay the price for opposing a corrupt system shall rise again, says Solly Moeng.

  • Ego - the enemy within

    Successful people are humble in their aspirations and resilient in failure, says Ian Mann.

  • You can’t eat dust

    We should insist on products that save our soil and ensure food security, says Mandi Smallhorne.

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Economy

Competition Commission raids shipping companies suspected of collusion

Sep 28 2016 18:07

The Competition Commission has carried out a search and seizure operation at six global shipping companies on suspicion of price fixing and collusion.

Tech

It’s official: BlackBerry stops making phones

Sep 28 2016 18:06

BlackBerry, the Canadian company that invented the smartphone and addicted legions of road warriors to the “crackberry,” has stopped making its iconic handsets.

Industrial

ArcelorMittal SA plans $170m BEE stake

Sep 28 2016 17:00

ArcelorMittal SA plans a R2.3bn deal as it seeks to meet the government’s objectives of boosting the participation of black people in the economy.

Financial Services

Rights-conscious consumers turn to Fais ombud in droves

Sep 28 2016 15:35

The Office of the Fais Ombud received more than 4 000 legitimate complaints in the last financial year as more South Africans become aware of their rights.

News

Why millennials want flexibility in the workplace

Sep 28 2016 14:26

One in four millennials consider leaving their jobs in the next year, because they want their work to have a sense of purpose, a survey shows.

Retail

Zim Nando’s operator bets on Africa’s fast food appetite

Sep 28 2016 16:11

Amid Africa's growing appetite for quick serve restaurant foods, Zimbabwe’s Simbisa Brands - which runs Nando’s and Steers counters - is investing heavily into new outlets.

Industrial

Anheuser-Busch InBev clinches R1.4trn SABMiller deal

Sep 28 2016 13:00

Anheuser-Busch InBev has clinched its $103bn takeover of SABMiller after the British brewer’s investors approved the deal, sealing the union of the world’s two biggest beermakers.

BizNews

Why free higher education just won't work in SA

Sep 28 2016 13:27

Free higher education will widen, not reduce, inequality - SA should instead fix the educational system, develop a modern tax system and stop raiding Treasury, says an analyst.

 

In other news

A practical approach to financial planning

Sep 28 2016 16:24

Trust is one of the most important aspects of the relationship between a financial planner and his client, says a Certified Financial Planner.

The role of trustees

Sep 28 2016 16:16

A board of trustees must work collectively, but also be independent of thought, says a management consultant.

US stocks edge higher helped by energy shares

Sep 28 2016 16:12

US stocks have opened modestly higher, helped by a rebound in oil shares, but sports gear giant Nike sank after sales data pointed to a weaker coming quarter.

Lufthansa announces acquisition

Sep 28 2016 16:02

The supervisory board of Lufthansa has approved the exercising of a call option to acquire the remaining shares in SN Airholding.

Emerging stocks edge higher before OPEC talks

Sep 28 2016 15:50

Emerging-market stocks have edged higher as markets in Europe and Africa rebounded while oil halted losses before a meeting of major producers.

Steinhoff to raise up to R36.5bn in share sale

Sep 28 2016 14:13

Steinhoff International is set to raise up to $2.7bn (R36.5bn) by selling shares, to strengthen its finances after recent acquisitions by the South African furniture and clothing retailer.

Woolworths appoints Fyfe as new CEO for Country Road

Sep 28 2016 13:19

Woolworths has announced the appointment of Scott Fyfe as the new CEO of its subsidiary Country Road Group. Fyfe will commence his role as early as 2017.

Ghana's gold output up to 38.6% in first half

Sep 28 2016 10:23

Ghana's gold output has risen 38.6% in the first half of 2016 to 1 993 850 ounces from 1 438 656 ounces a year ago, boosted mainly by new mining operations.

Analysis & Opinion

Opinion

Private healthcare greed threatens medical scheme system

How high can soaring healthcare costs and medical scheme contributions...

Opinion

Era of retribution will come

Those who now languish in the shadows after being ejected by a system...

Opinion

BOOK REVIEW: Why ego is the enemy within

To be a success we need to be humble in our aspirations, gracious in our...

  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
SNH Steinhoff International H...R80.72R4.746.24%
FBR Famous Brands LimitedR164.79R8.445.40%
EXX Exxaro Resources LimitedR79.94R3.574.67%
SHP Shoprite Holdings LimitedR196.25R8.244.38%
RES Resilient Reit LimitedR118.47R4.974.38%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
ITE Italtile LimitedR14.30R-0.45-3.05%
ASR Assore LimitedR136.12R-3.88-2.77%
MMI Mmi Holdings LimitedR22.65R-0.57-2.45%
MSM Massmart Holdings LimitedR120.22R-2.28-1.86%
AVI Avi LimitedR91.75R-1.52-1.63%
All JSE data is delayed by at least 15 minutes and provided by INET BFA

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Finweek

WATCH: The parastatal road to junk

Sep 27 2016 16:06

In this episode of finweek: Money Matters, the panel discusses concerns around South Africa's parastatals and the impact that could have on our credit rating.

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