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Why South Africans should get into the pothole-fixing business

There are still many opportunities for small businesses in South Africa - provided you know where to look, says Dawie Roodt, chief economist at the Efficient Group. Roodt, who was speaking at a Business/Partners event this week (19 March), said that one example that SMEs should consider is the pothole-fixing business. "You won't go to Germany to fix potholes because you are not going to find any to fix.

Anti-Bouteflika protests shake Algeria's business community

One of President Abdelaziz Bouteflika's few remaining allies in the face of mass protests, tycoon Ali Haddad, is facing pressure to quit as head of Algeria's main business association, a move that would further weaken the embattled head of state. Bouteflika's long-time strategic partners, from members of the governing FLN party to trade unionists, have abandoned the president, peeling away layers of his ruling elite. The 82-year-old president also relied on influential figures like Ali Haddad, who has made billions through public works projects awarded by the government and investments in the media.

Business Agency banking programme to drive financial inclusion in DRC

Financial Sector Deepening (FSD) Africa is looking to improve financial inclusion in the Democratic Republic of Congo (DRC) through a The $2.8 million programme which is in collaboration with Equity Bank Congo, aims to enrol and train up to 4000 people to become "Equity Cash Express" bank agents across 22 provinces in DRC. After the training, these agents will, in turn, provide the numerous unserved people in rural communities with improved access to financial services products such as savings accounts, credit and micro-insurance packages. "We know that when people in fragile states, like DRC, have better access to financial services their lives improve, and the economy grows," Director, Financial Institutions FSD Africa, Paul Musoke said.

Nine small business development officials suspended

Several officials of the Department of Small Business Development have been suspended with immediate effect after serious allegations of corruption within the unit responsible for incentive scheme administration. The department in a statement said it has so far on Thursday issued nine precautionary suspension letters of which seven are against Black Business Supplier Development Programme (BBSDP) and two against Co-operative Incentive Scheme officials (CIS). "The people of South Africa deserve a professional service dispersed equitably without fear or favour.

E Cape municipality to pay Eskom R12mln by end of business day

The cash-strapped Makhanda-based Makana Municipality  in the Eastern Cape has promised to pay Eskom R12 million on Friday to avert power supply interruptions. The municipality is racing against time to settle its its R84 million Eskom debt which dates back to 2013 Eskom has issued a notice that it will implement power supply interruptions on the second of next month from six in the morning to eight in the evening if the municipality does not  settle the bill. Mayor Mzukisi Mphahlwa is hopeful there won't be any power supply interruptions.

Former AngloGold manager reunites with Vedanta's Venkatakrishnan to head Zambia unit

VEDANTA  has employed Chris Sheppard who was recently head of AngloGold Ashanti's South African operations until his recent resignation. Sheppard will be head of Vedanta's Konkola Copper Mines (KCM) in Zambia, said BusinessLive. "Chris will provide leadership in delivering KCM's vision of over 50 years of sustainable mining and operations in Zambia," said Srinivasan Venkatakrishnan, CEO of Vedanta who was previously CEO of AngloGold Ashanti.

Saab Grintek Defence wins at Sixth Annual SA Premier Business Awards

- Local leading defence and security company, Saab Grintek Defence, received the coveted  Exporter  and Enterprise Development Awards  at the sixth annual South African Premier Business Awards. The SA Premier Business Awards acknowledges business excellence in South Africa and is organised by the Department of Trade and Industry (DTI), in partnership with Proudly South Africa and Brand South Africa. Accepting the award was Saab Grintek Defence's President, Trevor Raman, and Deputy President, Evelyn Motsatsing, who emphasised that it was an honour to once again win the acclaimed  Exporter Award  (having won it in 2013/2014 and 2016/2017), and to receive the  Enterprise Development Award  as recognition for the organisation's continued focus on skills development initiatives and transformation strategies.

OP-ED: Eskom: Not knowing what the problem is IS the problem

Eskom has hit a brick wall and, by all accounts, no one in any position of authority can tell us why or how this has happened. Minister Pravin Gordhan publicly stated that "we" do not know what the problem is, but please be patient while someone figures it out. At Tuesday's press conference, Eskom board Chair Jabu Mabuza said that the operational side of the power utility needs a "crisis reaction".

Swiss watchmakers say slowing growth in China won't hurt sales this year

Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy, executives told Reuters at an industry fair on Thursday, as demand strengthens in other markets like the United States and Britain. Photo: Reuters Switzerland's watch industry, which relies heavily on Chinese customers, has seen exports - the best available indicator for demand - rise only 2.1 percent in the first two months of the year, following a 6.3 percent increase last year. However, some are confident they will do much better this year.

Glencore suspends Australian zinc mine as cyclone nears

MELBOURNE - Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the nation's weather bureau on Friday saying the storm was intensifying and warning of a "severe impact" ahead of landfall on Saturday morning. At the same time, areas further west are bracing for the arrival of another cyclone, named Veronica, with key iron ore ports there being cleared. "(The McArthur River mine) is preparing for Cyclone Trevor in line with our standard cyclone procedures," a Glencore spokesman said in a statement emailed to Reuters. "We are suspending mining operations onsite and shipping operations at (the) Bing Bong loading facility." That comes after commodity giant Rio Tinto on Wednesday suspended its Weipa bauxite mining operations at the northeastern tip of the country ahead of the cyclone. Meanwhile, Rio, BHP and Fortescue have all cleared their ships from ports ahead of Cyclone Veronica's expected landfall south of the world's largest iron ore export hub of Port Hedland on Sunday..

All4Women Entrepreneurs: 5 things to consider when turning your small business into a franchise

All4Women Entrepreneurs is a monthly feature where we put the spotlight on amazing female entrepreneurs starting businesses in South Africa. This month we spoke to Liz Senior (who started kids development progamme, Clamber Club) to find out her top tips for building a franchise. (In case you missed it, read the first part of Liz's story here, where she tells us how she built a 65-franchise business from her backyard).

GLENCORE PLC - GLN: Transactions In Own Shares- 21 March 2019

GLN 201903220021A GLN: Transactions In Own Shares- 21 March 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 22 March 2019 Transactions in own shares-21 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 21 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,500,000 Lowest price paid per share (GBp): 320.2500 Highest price paid per share (GBp): 325.3500 Volume weighted average price paid per share (GBp): 322.3987 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 720,221,869 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,865,978,197. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue Aggregated volume average price London Stock Exchange 322.3944 1,528,357 BATS 322.5458 23,506 Chi-X 322.4021 948,137 Transaction details In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Citigr

‘Tender mafia', Business Watch showdown on M4 - Zimbali

‘Tender mafia' protesters and members of the Dolphin Coast Taxi Association, got into a heated confrontation outside on the M4 last week. About 50 members of the notorious Delangokubona Business Forum protested near the Tongaat River bridge, demanding jobs at the R10 billion development site at Zimbali Lakes. Members of the Dolphin Coast Business Watch, a security company formed by some members of the Dolphin Coast Taxi Association, were reportedly armed with rifles.

Naspers donates R1 million towards relief efforts in cyclone-hit Mozambique, Malawi and Zimbabwe

A picture shows houses in a flooded area of Buzi, central Mozambique, on March 20, 2019, after the passage of cyclone Idai. - International aid agencies raced on March 20 to rescue survivors and meet spiralling humanitarian needs in three impoverished countries battered by one of the worst storms to hit southern Africa in decades. Five days after tropical cyclone Idai cut a swathe through Mozambique, Zimbabwe and Malawi, the confirmed death toll stood at more than 300 and hundreds of thousands of lives were at risk, officials said.

WhatsApp Business finally begins rolling out to iOS devices

When WhatsApp Business was first announced almost 14 months ago, it remained an Android exclusive, with the Facebook-owned company noting that an iOS version was in the works. As it turns out, it took Facebook more than a year to get that version of the app up and running for iOS devices, as some users in a small number of countries have noted its availability. The iOS flavour of WhatsApp Business was first spotted in Mexico by WABetaInfo, with reports stating that it has popped up in France and Brazil shortly thereafter.

SANTAM LIMITED - No Change Statement and Notice of Annual General Meeting

SNT 201903220026A No Change Statement and Notice of Annual General Meeting SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 (JSE Share Code: SNT & ISIN ZAE000093779) NSX share code: SNM (‘Santam') or (‘the Company') NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the company`s annual integrated report, annual financial statements and summary consolidated financial statements for the year ended 31 December 2018 are now available on the company's website and will be posted to shareholders on or about 29 March 2019. They contain no modifications to the audited results which were published on 28 February 2019. PricewaterhouseCoopers Inc audited the results and the annual financial statements of Santam and their reports are available for inspection at the registered offices of the company.

Exxaro terminates Group 5 contracts

Exxaro has decided to terminate its agreement with Group Five Construction subsidiary, Group 5 Projects, with effect from March 21, following Group Five's announcement that it has embarked on business rescue proceedings. Exxaro in April 2017 appointed Group 5 Projects to build a new small coal plant as part of the Grootegeluk Plant 6 (GG6) expansion project at its Grootegeluk mine, near Lephalale, in Limpopo. Barring unforeseen incidents, Group 5 Projects' work was due to be completed at the end of May. In a statement on Thursday, Exxaro noted its regret that the decision would now result in a delay to the project. Exxaro has embarked on discussions to mitigate the business impacts arising from this situation. In the meantime, Group 5 Projects' employees and subcontractors have moved off-site. Exxaro is engaging with its labour support (both legal and human resources) to maintain stability on site. "It is indeed a sad day as more than 750 contract workers will be impacted by this decision," commented Exarro Projects & Technology executive head Johan Meyer..

A Look At British Airways' Lush New Business Class Seats

Like most people who can't afford to fly business class, it's on my bucket list. Who wouldn't want to have leg room and a comfortable sleeping spot on a long flight? Instead, most of us have to battle tiny seats and inconsiderate co-passengers. Nobody wants to see the 15 pictures of your grandchild, Brenda.

PODCAST: The Steinhoff whistleblowers

When is an ‘accounting irregularity' actually fraud, and how do you spot the makings of a corporate scam? When is an "accounting irregularity" actually fraud, and how do you spot the makings of a corporate scam? In this week's episode of Taking Care of Business, on the release of the long-awaited PwC report into Steinhoff's shenanigans, FM editor Rob Rose and BDTV anchor Giulietta Talevi speak to the two analysts who saw Steinhoff for what it was, more than a decade back. Andrew Cuffe was the head of research at JP Morgan which compiled a damming report on Steinhoff as far back as 2007, while Prudential's Craig Butters recounts his sit-down with Christo Wiese in 2009, as he tried to warn the billionaire against taking up with Markus Jooste's shady empire..

WATCH: Port Shepstone business gutted in fire

A long-time South Coast business went up in flames in Port Shepstone during the early hours of this morning (Friday, 22nd). [embedded content] The fire broke out at about 2.30am, damaging a section of Car Plates and Signs in Aiken Street. The most badly affected area was the screening department at the back, which stored stock and safety signage.

Sewing success story: Khaya Matchegue's budding fashion business

Khaya grew up in what she  calls ‘the notorious Pienaar, kaMsogwaba area of Nelspruit', where few families could afford school uniforms. ‘The soundtrack of my childhood was my gran's old Empisal knitting machine and my mom's sewing machine, as they kept me and my four brothers and sisters clothed!' Pin this article for later! For more, follow  Good Housekeeping  on Pinterest. When Khaya found herself pregnant in matric and became a teenage mom of twins, the cycle seemed set to repeat itself.

Energy-saving computing boosts business efficiency

Organisations across sectors are looking for energy-efficient and power-saving computing solutions like the palm-sized CloudGate Xs, weighing just 300g and drawing less than 24W of power. The CloudGate Xs is capable of running the Linux, Windows 10 and Chrome operating systems. It also sports the newest-generation Intel Gemini Lake CPU, offering a performance increase of 25% over the CloudGate X.

GLENCORE PLC - GLN: Transactions In own Shares - 20 March 2019

GLN 201903220019A GLN: Transactions In own Shares - 20 March 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 22 March 2019 Transactions in own shares-20 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 20 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,498,878 Lowest price paid per share (GBp): 310.2000 Highest price paid per share (GBp): 318.9000 Volume weighted average price paid per share (GBp): 316.3543 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 717,721,869 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,868,478,197. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue Aggregated volume average price London Stock Exchange 316.2429 1,408,688 BATS 317.0637 27,539 Chi-X 316.4836 1,062,651 Transaction details In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Cit

Risk of litigation, business closures due to load shedding, industry warns

The leaders of industry bodies have told Fin24 that load shedding is not a minor pain for companies, but rather poses a risk of closures, lost clients and even litigation. Fin24 spoke to the heads of the South African Chamber of Commerce and Industry and the Tourism Business Council of South Africa about the effects of load shedding. This follows the recent escalation of Eskom's energy capacity woes to the point where the utility was forced to implement Stage 4 load shedding.

Steinhoff: ‘Book the crooks who cooked the books'

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A Look At British Airways' Lush New Business Class Seats

Like most people who can't afford to fly business class, it's on my bucket list. Who wouldn't want to have leg room and a comfortable sleeping spot on a long flight? Instead, most of us have to battle tiny seats and inconsiderate co-passengers. Nobody wants to see the 15 pictures of your grandchild, Brenda.

2018 Creative Circle annual award winners, overall rankings

by MarkLives ( @marklives ) South Africa's Creative Circle has announced its Annual Award 2018 winners and Overall Rankings. Nando's, Sanlam and Carling Black Label were the big winners of Wednesday night, 20 March 2019, with each brand winning in multiple categories. Ogilvy Cape Town was the top performer followed by M&C Saatchi Abel Cape Town and then King James Group.

MAVERICK BUSINESS: Rating agencies are likely looking for changes larger than South Africa's political system can deliver

The language of rating agencies is often obscure; publicly Moody's talks about ‘persistent structural challenges' and the risk of ‘fiscal slippages in the face of both slower growth and increasing political pressures'. What this means is that they are looking for some substantial and fast policy changes, probably larger than SA's political system can manage. The ANC has slightly belatedly released its list of parliamentary candidates.

GLOBAL MARKETS-Asian shares firm after solid U.S. data, tech sector hopes

* Asian shares gain after Wall St on data, tech hopes * U.S. bond yields at lowest since early 2018 * Pound under pressure, EU demand UK decision by Apr 12 * Asian stock markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano TOKYO, March 22 (Reuters) - Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25 percent while Japan's Nikkei gained 0.3 percent.

Business: Economic Overhaul at Risk as Temer Arrest Roils Brazil Politics

Michel Temer on Thursday showed the largest corruption investigation in the country's history remains a powerful and unpredictable force in its politics, clouding the outlook for the government's key economic reforms. Temer, 78, became the second former Brazilian head of state after Luiz Inacio Lula da Silva to be arrested by the so-called Carwash probe that has brought down swathes of the nation's business and political elite. Former Energy Minister Wellington Moreira Franco, a close friend of Temer, was also detained.

Glencore suspends Australia's McArthur River zinc mine as cylone nears

MELBOURNE, March 22 (Reuters) - Glencore said on Friday it has suspended mining and shipping operations from its McArthur River zinc mine (MRM) in northern Australia as part of its cyclone preparations. "MRM is preparing for Cyclone Trevor in line with our standard cyclone procedures," a spokesman said in an emailed statement to Reuters. "We are suspending mining operations onsite and shipping operations at Bing Bong loading facility." (Reporting by Melanie Burton; editing by Richard Pullin).

PRESS DIGEST- British Business - March 22

March 22 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Retirement benefits for the bosses of Britain's biggest banks are emerging as a hot topic among investors as lenders prepare to put their pay schemes to shareholders at annual general meetings in coming weeks.

Business: Why Tencent Missed the Mark on Profit by Most in a Decade

The net income of Tencent, Naspers' largest and most valuable investment, fell 32 percent to 14.2 billion yuan ($2.1 billion), missing the 17.55 billion-yuan average of estimates, on investments in content, cloud computing and financial technology. That's the biggest shortfall on profits in at least a decade. The result also included the costs of share issues and impairments for companies it's invested in as revenue surpassed projections.

Employee stock ownership plans — a viable option for South Africa?

Editor's note: The opinions in this article are the author's, as published by our content partner, and do not represent the views of MSN or Microsoft. The African National Congress's 2019 election manifesto released in January refers to the need to broaden ownership of the economy and ‘a focus on extending worker ownership across the sectors of the economy' as an essential part of transforming the South African economy to serve all the people. We believe that including workers in the democratic ownership of companies via employee stock ownership plans may well be a viable option for South Africa to consider.

Market Research Wrap: Best across creativity, effectiveness, media

Best of all across WARC Rankings The world's top companies measured across creativity, effectiveness and media were released this week by WARC in its first-ever "Best of the Best" global index of excellence. The WARC Rankings, successor to the Gunn Report and WARC 100, are annual rankings providing a global benchmark for campaign, agency, network, holding company, brand and advertisers' success. [Cheryl Hunter] The results are an aggregation of three recently released WARC rankings — Creative 100, Effective 100 and Media 100 — and place BBDO New York as #1 agency, BBDO Worldwide #1 agency network.

Manganese, aluminium keep South32 anchored in SA as energy coal sale picks up pace

By David McKay - March 21, 2019 Share on Facebook Tweet on Twitter Mike Fraser, COO: Southern Africa, South32 ONE of the biggest events in South Africa's coal mining sector this year is the sale of South32's South African Energy Coal (SAEC), a division of the Perth-headquartered company that produces about 28 million tonnes a year (Mt/y) of thermal coal of which approximately half is sold to Eskom. Whilst the sale is going to create huge opportunity for the successful entity or consortium that buys it, it also raises questions about South32's future interest in the country considering that of all its new business spend so far this year - equal to about $1.5bn - zero has been in the country. "There's definitely not a ‘South Africa-off' strategy at South32," said Mike Fraser, COO for South32's Africa division. "Aluminium is absolutely part of the strategy," he said of the Bayside and Hillside aluminium smelters. In fact, almost third of South32's interim earnings this year from "the aluminium chain" of which South Africa is a part. The second largest contributor to South32's interim earnings was manganese.

Business: Why Tencent Missed the Mark on Profit by Most in a Decade

The net income of Tencent, Naspers' largest and most valuable investment, fell 32 percent to 14.2 billion yuan ($2.1 billion), missing the 17.55 billion-yuan average of estimates, on investments in content, cloud computing and financial technology. That's the biggest shortfall on profits in at least a decade. The result also included the costs of share issues and impairments for companies it's invested in as revenue surpassed projections.

All4Women Entrepreneurs: How Liz Senior built a 65-franchise business from her backyard

All4Women Entrepreneurs is a monthly feature where we put the spotlight on amazing female entrepreneurs starting businesses in South Africa. This month we spoke to Liz Senior (who started kids development progamme, Clamber Club) to find out how she built a business that reaches thousands of children a month, all from her backyard. Entrepreneur: Liz Senior Company name: Clamber Club Industry: Childhood development and entertainment Year started: 1990 Website: clamberclub.com Working with children isn't easy - but for Clamber Club founder Liz Senior it came naturally.

SANTAM LIMITED - BISAN -Availability of Annual Financial Statements of the Issuer and Update to Information Incorporated by

SNT03 SNT04 SNT02 201903220027A BISAN -Availability of Annual Financial Statements of the Issuer and Update to Information Incorporated by Reference SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN (‘Santam' or ‘the Issuer') AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER AND UPDATE TO INFORMATION INCORPORATED BY REFERENCE AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER Bondholders are advised that the annual financial statements of the Issuer for the year ended 31 December 2018 (‘the financial statements') are available for inspection at the Issuer's registered office. The financial statements of the Issuer have also been made available on the Santam website at https://www.santam.co.za/investor-relations/integrated-report/financial-results-and-reports/ . UPDATE TO INFORMATION INCORPORATED BY REFERENCE Bondholders are further advised that the King IV Application Register of the Issuer (‘King IV Register'), incorporated by reference into the Santam ZAR 4 000 000 000 Unsecured Subordinated Callable Note Programme Memorandum dated 13 December 2018, has been updated. The updated King IV Register is available on the following link: https://www.santam.co.za/media/2684738/santam-king-iv-application-register- 28feb2019.pdf . 22 March 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/03/2019 10:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

How does geopolitics translate into emerging markets?

Trade spats cause uncertainty, driving away sentiments from certain markets. With a global rise in nationalism and populism, these translated into policies that rebuff multilateralism, espousing each man for himself culture, with the US under President Donald Trump serving as a good example of this. This isn't just confined to the borders of the US, but are also increasing in European countries.

MTN South Sudan plans $30m expansion as peace hopes build

The unit is planning to revive transmission sites, upgrade to 3G and add new coverage. MTN's South Sudan unit said it's investing at least $30 million in revitalizing and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country. Reviving transmission sites, upgrading to 3G and adding new coverage — they're all planned by MTN South Sudan, one of two mobile companies still operating in the country. After a period of cutbacks for the unit, the expansion is a sign of confidence in the East African nation roiled by violence and economic chaos whose warring sides signed a peace accord in September. "Given the peace process and the implementation of it, there is relative stability in the country," Khumbulani Dhlomo, MTN's local head of corporate services, said in an interview.

Sneakers Make Financial Literacy More Fun for Western Cape Kids

Metropolitan has undertaken the mammoth task of equipping SA teens (tomorrow's adults) with financial literacy skills by taking its teen-tailored Kickstarz programme to schools nationally. Recently, 220 Grade 11 learners at Thandokhulu High School in the Western Cape became the latest to have been empowered to make better choices for their financial futures. The Principal, Jimmie de Villiers, said: "This is the third year that the Kickstarz programme has been presented at our school and we have found it to be a very valuable intervention and opportunity for our kids.

Exxaro looking strong

Coal is unfashionable but Exxaro has lots of it and the low-carbon economy is not going to happen overnight The world is moving away from fossil fuels, especially dirty coal. Increasingly, funding for coal-related projects is drying up and major miners continue to divest from their coal assets. But the growing negative sentiment around coal presents a window of opportunity for a company like Exxaro, whose core revenue generation is from coal mining. "This whole sentiment, and what some banks have done, has caused a very interesting positive in the sector," says Nombasa Tsengwa, executive head for coal operations at Exxaro, following the release of the company's annual results last week. "Different players are selling off their assets and not putting up new capacity in the market. Those with availability of coal have the advantage." Exxaro has R20bn budgeted to invest in new coal operations over the next few years.

Behind Sandton's empty offices

The important commercial hub is feeling the pinch as buildings reflect companies' downsizing trend and competition from other areas — as well as the effect of long-term development planning It's 4pm on a Thursday, and 10 people are kicking a ball around a football pitch in the business hub of Sandton. It's not this that is unusual; it's that they're doing it on the roof of their building — the R4bn, 87,000m² Discovery head office. 1 Discovery Place is something of a wonder. More than 5,000 people work in the financial services group's head office.

Steep rise in failure rates among black accountancy candidates raises alarm

The embattled South African Institute of Chartered Accountants (Saica) - already under unprecedented professional criticism for the role CAs played in corporate scandals at Steinhoff, VBS Bank, KPMG and elsewhere - is now under attack for flunking nearly a third of candidates who sat the board exams late last year, with the biggest drop among black candidates, particularly black African candidates. Some 32% of candidates failed the exams last year, a big increase on the 20% and 11% who failed in each of the previous two years. The aim appears to be to clean up the profession's image after CAs were found at the centre of a string of corporate scandals.

WOOLWORTHS HOLDINGS LIMITED - WHLI - Interest Payment Notifications in respect of Listed Notes under the DMTN Programme

Wrap Text WHLI - Interest Payment Notifications in respect of Listed Notes under the DMTN Programme Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1929/001986/06 Bond company code: WHLI ("WHL") INTEREST PAYMENT NOTIFICATIONS IN RESPECT OF LISTED NOTES UNDER THE DMTN PROGRAMME Senior Unsecured Floating Rate Noteholders ("Noteholders"), in terms of WHL's Domestic Medium Term Note Programme ("DMTN Programme") dated 17 March 2017, are advised of the following interest payments: Instrument Code: WHL02 ISIN: ZAG000154485 Interest Rate: 8.50% Interest Period: 2 January 2019 to 1 April 2019 Interest Amount Due: ZAR 11 254 931.51 Payment Date: 2 April 2019 Instrument Code: WHL03 ISIN: ZAG000154477 Interest Rate: 8.69% Interest Period: 2 January 2019 to 1 April 2019 Interest Amount Due: ZAR 9 920 884.93 Payment Date: 2 April 2019 Instrument Code: WHL01 ISIN: ZAG000147133 Interest Rate: 8.56% Interest Amount Due: ZAR 15 830 136.99 Interest Period: 10 January 2019 to 9 April 2019 Payment Date: 10 April 2019 22 March 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/03/2019 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

The Bok-ready Bulldog who was fed to the sharks

The late 1990s to early 2000s were the dark ages for post-unity rugby in South Africa, a time when black players, specifically African, were largely disposable. The top Super 12-playing franchises — Bulls, Stormers, Sharks and Cats — were graveyards of black African talent. Rugby's power levers were in white hands and with the press of a button the gallows would open and swallow a talented black player, never to be seen or spoken about again.

Fortress calls off Resilient deal

The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns. Fortress has called off a deal with Resilient, saying there was no reasonable prospect of the two real estate investment trusts reaching consensus on all aspects of it. The transaction, announced earlier this month, was aimed at loosening ties and further unwinding the cross-shareholdings between the two companies, which raised the concern of some investors last year.

GLOBAL MARKETS-Asian shares hit 6-1/2-month high on tech hopes, U.S. data

* Ex-Japan Asia MSCI hits highest since early Sept * Tech shares lead gains on renewed optimism * U.S. bond yields at lowest since early 2018 * Pound under pressure, EU demands UK decision by Apr 12 * Asian stock markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano TOKYO, March 22 (Reuters) - Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy.

EDITORIAL: Inept NPA means happy days for Jooste

The authority's ham-fisted presentation to parliament will prompt the former Steinhoff boss to celebrate After the political grandstanding at this week's Steinhoff presentation in parliament one thing was distressingly clear: disgraced former CEO Markus Jooste is unlikely to be behind bars anytime soon. And we have a hollowed-out inept National Prosecuting Authority to thank for that. It would be comforting to think the NPA's new investigative unit with assistance from some of the eight individuals named in PwC's independent investigation might pull off the impossible. But it would be unrealistic. Big as it is, Steinhoff cannot be, and should not be, the new unit's number one priority. On Tuesday, it was disclosed that the Hawks had spent the last 12 months focusing on one of the allegedly fraudulent transactions.

Hawks' Steinhoff probe angers MPs

South Africa's law enforcement authorities have again been lambasted for their failure to move on the investigation into retailer Steinhoff, after a dismal showing in Parliament on Tuesday. Steinhoff chairperson Heather Sonn and chief executive Louis du Preez faced a joint sitting of the standing committees on finance, public accounts, trade and industry, and public service and administration in a briefing that included various financial regulators, the Hawks and the National Prosecuting Authority (NPA). It followed last Friday's release of a sparse overview of the forensic investigation into alleged accounting fraud at Steinhoff, done by auditing firm PwC.

MAVERICK BUSINESS: Capitalism's elusive magic number: A prevailing real interest rate that kills two birds with one stone

Former Greek Finance Minister, , during a press conference with several members of other parties and movements to present the results of the Second Council of the Transnational List, Lisbon, Portugal, 26 April 2018. The session presented the results of the Council meeting, which discussed issues such as the name of the common list or the relationship with other movements, parties and lists for the 2019 elections. EPA-EFE/JOSE SENA GOULAO Today's free marketeers attribute the failure of inflation to rise, despite wage growth and low unemployment, to a new normal — a new "natural" inflation rate.

Japan's JERA to enter hydrogen fuel business with JXTG -Nikkei

TOKYO, March 22 (Reuters) - Japan's JERA Co, a joint venture between Tokyo Electric Power and Chubu Electric Power , will enter the hydrogen fuel business, with plans to build one of the world's biggest production sites by mid-2020, the Nikkei reported. JERA will take over the dormant thermal-powered facility in Tokyo belonging to an affiliate of Tokyo Electric Power (TEPCO) next month, and build a hydrogen station at the site, the business daily said in its online edition on Friday. JXTG and the TEPCO affiliate will announce as early as Friday a basic agreement to jointly operate the hydrogen fuel station, the paper said.

Home affairs foils ‘SA open for business'

IMMIGRATION At the 2018 World Economic Forum in Davos, President Cyril Ramaphosa announced that South Africa was open for business. For those who are cognisant of the truth, South Africa has become an armoured fortress with its drawbridges decidedly raised. Responsibility for regulating the entry of foreigners into South Africa belongs to the department of home affairs.

MAVERICK BUSINESS: Investing in the future does not come cheap, but Sasfin is confident its three-pronged strategy will pay

Sasfin sign on a building in Sandton, Johannesburg. (Photo by Gallo Images/Charles Gallo) Time will tell how Sasfin's fintech investments will play out, but CEO Michael Sassoon says the internal rate of return on realisation on investment looks positive. In the interim, Sasfin is starting to reap the fruits of the other significant strategic steps it has taken.

Congo Business Network and Dedalus Global partner for the Africa Fintech Summit in Washington

On April 11, tech and finance leaders, policy makers, and investors from across Africa and the United States will gather at the Institute of Peace in Washington, DC to discuss the future of financial technology during the 2 nd annual Africa Fintech Summit (AFTS). The AFTS is organized by Dedalus Global , a strategic advisory based in Washington and Lagos, in partnership with PeaceTech Lab, a collaborative project with Amazon Web Services, SAP NS2, and C5. A reception at the PeaceTech Lab—the world's first accelerator for technologies that promote peace—will follow the Summit.

South Africa: Steinhoff's Share Bounce Fizzles Out

By Jan Cronje, Fin24 After gaining 10% earlier in the week, shares in Steinhoff International Holdings [JSE:SNH] have returned to where they were trading before the multinational retailer released an overview of the PwC forensic report into its books. The Stellenbosch-headquartered household goods and furniture conglomerate published an 11-page overview of a long-awaited forensic on Friday after the close of markets. The group's shares shot up by 10% in early trade on Monday morning when markets opened, but have been trending downwards since then. By the end of Wednesday, Steinhoff shares were trading at R1.83, marginally below their Monday opening value of R1.84. The overview of the forensic investigation stated that "small group" of former Steinhoff executives, working with executives at other companies, inflated the profit and asset values of the group for years. Steinhoff has said the full 15 000-page PwC report is legally privileged and confidential. On Tuesday Steinhoff executives presented an overview of the report to a joint sitting of four Parliamentary committees, at a meeting that also included presentations by the JSE, the Companies and Intellectual Property Commission, the Hawks and the National Prosecuting Authority. The committee instructed Steinhoff CEO Louis du Preez to name the people implicated in the report. Their names had not been given in the 11-page overview, or documents submitted for the meeting. Du Preez said the "small group" of executives mentioned in the PwC report are: Markus Jooste; Dirk Schreiber; Ben la Grange and Stehan Grobler. He named the other non Steinhoff executives as Siegmar Schmidt; Alan Evans; Jean-Noel Pasquier and "Mr Ramano". Asked on Tuesday who has access to the full PwC report, Du Preez said he was the only person at Steinhoff to have a physical copy of it. Other people at the company have electronic copies that "cannot be printed". Deloitte - the group's auditors - Werksmans Attorneys and PwC also have copies. Yunus Carrim, t

METALS-London metal prices steady after upbeat U.S. data, but stronger dollar drags

(Adds comment, detail; updates prices) By Mai Nguyen SINGAPORE, March 22 (Reuters) - Base metals on the London Metal Exchange were steady on Friday after solid U.S. data helped calm worries over the outlook for the global economy, although a strong U.S. dollar put some downward pressure on prices.

Manganese, aluminium keep South32 anchored in SA as energy coal sale picks up pace

By David McKay - March 21, 2019 Share on Facebook Tweet on Twitter Mike Fraser, COO: Southern Africa, South32 ONE of the biggest events in South Africa's coal mining sector this year is the sale of South32's South African Energy Coal (SAEC), a division of the Perth-headquartered company that produces about 28 million tonnes a year (Mt/y) of thermal coal of which approximately half is sold to Eskom. Whilst the sale is going to create huge opportunity for the successful entity or consortium that buys it, it also raises questions about South32's future interest in the country considering that of all its new business spend so far this year - equal to about $1.5bn - zero has been in the country. "There's definitely not a ‘South Africa-off' strategy at South32," said Mike Fraser, COO for South32's Africa division. "Aluminium is absolutely part of the strategy," he said of the Bayside and Hillside aluminium smelters. In fact, almost third of South32's interim earnings this year from "the aluminium chain" of which South Africa is a part. The second largest contributor to South32's interim earnings was manganese.

Business: Half the World Worries About Italy Getting in Bed With China

Italian Prime Minister Giuseppe Conte will on Saturday sign Italy up to China's Belt and Road Initiative, a transcontinental infrastructure project that critics say allows Beijing to trade present-day investment for future leverage. The move has worried Italy's European allies, and almost half of Italy's own parliament, but Conte is sticking to his guns. European allies see a threat to sovereignty, the U.S.

ANALYSIS: Debt is not necessarily a dirty word - but it may be

Several SA companies have suffered big share-price declines over the past year, notably drug maker Aspen and sugar producer Tongaat. The common factor among many of the implosions is their high debt levels. Are JSE companies over-indebted and what level of debt should be a red flag for investors? Drugmaker Aspen has lost almost half of its value since announcing the $829-million sale of its infant-formula business to French dairy giant Lactalis International in September 2018, which experts say has all the characteristics of a fire sale.

Startling rise in chartered accountancy failure rates

The profession is going all out to clean up its image, but the backlash has begun. The embattled South African Institute of Chartered Accountants (Saica) - already under unprecedented professional criticism for the role CAs played in corporate scandals at Steinhoff, VBS Bank, KPMG and elsewhere - is now under attack for flunking nearly a third of candidates who sat the board exams late last year. Some 32% of candidates failed the exams last year, a big increase on the 20% and 11% who failed in each of the previous two years. The clear aim is to clean up the profession's image after CAs were found at the centre of a string of corporate scandals. Several aspiring CAs who flunked the exams seem mystified by the outcome, particularly as they had aced all previous exams - both at Saica board and university levels. One candidate, who asked not to be named, says the results are suspect for a number of reasons.

UPDATE 1-Glencore suspends Australian zinc mine as cyclone nears

* Aus bracing for two cyclones: one in northwest, one in northeast * Glencore suspends operations at zinc mine, nearby shipping site * Other miners also preparing for arrival of cyclones (Adds detail) MELBOURNE, March 22 (Reuters) - Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the nation's weather bureau on Friday saying the storm was intensifying and warning of a "severe impact" ahead of landfall on Saturday morning. At the same time, areas further west are bracing for the arrival of another cyclone, named Veronica, with key iron ore ports there being cleared.

OP-ED: Employee stock ownership plans — a viable option for South Africa?

Photo by Mike Kenneally on Unsplash The African National Congress's 2019 election manifesto released in January refers to the need to broaden ownership of the economy and ‘a focus on extending worker ownership across the sectors of the economy' as an essential part of transforming the South African economy to serve all the people. We believe that including workers in the democratic ownership of companies via employee stock ownership plans may well be a viable option for South Africa to consider. Social reform and empowerment strategies usually involve either getting the government to do more good things for people or empowering people to do more good things for themselves.

Young Egyptians turn scorpion rearing into a successful business

A group of Egyptians have laid their hands on a very profitable business, that doesn't need huge initial investment. The business is however quite dangerous. They raise scorpions and sell their venom to local pharmaceutical companies.

All4Women Entrepreneurs: How Liz Senior built a 65-franchise business from her backyard

All4Women Entrepreneurs is a monthly feature where we put the spotlight on amazing female entrepreneurs starting businesses in South Africa. This month we spoke to Liz Senior (who started kids development progamme, Clamber Club) to find out how she built a business that reaches thousands of children a month, all from her backyard. Entrepreneur: Liz Senior Company name: Clamber Club Industry: Childhood development and entertainment Year started: 1990 Website: clamberclub.com Working with children isn't easy - but for Clamber Club founder Liz Senior it came naturally.

Department of Trade and Industry celebrates business leaders

Five things to do this Human Rights Day - 23 hours ago Remember why Human Rights Day is celebrated - 24 hours ago City of Joburg employees accused of collecting R24 000 from a resident appear in court - 2 days ago 46-year-old man arrested for impersonating a police officer - March 17, 2019 Former Bryanston sports coach sexual assault case postponed - March 13, 2019 Suspect denied bail at Randburg Magistrate's Court - March 13, 2019 WATCH-Two cars broken into within two weeks on Austin Street in Woodmead - March 4, 2019 Here is a list of the on-ramps and off-ramps affected by the closure of the M2 motorway, as well as alternative routes - February 18, 2019 Joburg Water to spend millions due to load-shedding - February 18, 2019 MMC temporarily shuts down Albert Street Clinic - January 29, 2019 It's all systems go for Mashaba's construction vision for Jozi - January 24, 2019 Guidelines for appealing your valuation objection decision - January 22, 2019 King David Sandton learner selected as mayor of Johannesburg Mini Council - 6 mins ago St Stithians learners take part in Wits University science programme - 1 day ago Crawford College Sandton places sixth in National College Golf championship - 2 days ago Montrose Primary School emerge victorious in Montrose Night Challenge - March 20, 2019 Bryanston High learners give back - March 19, 2019 5 facts about Human Rights Day in South Africa - 23 hours ago Human Rights Day: Hate is hate no matter what shape or form it comes in - 24 hours ago Water Wednesday: All you need to know as Water Week kicks off - 2 days ago Karoo Armadillo girdled lizards threatened as more Japanese want them as pets - 2 days ago The truth about the differences between left and right handed people - March 19, 2019 Mall of Africa and Julie Miller Investment Art Institute smash distance barriers in the name of Art - 2 days ago New Year, Old Gadgets: Are Refurbished Electronics Worth the Purchase? - March 19, 2019 Cool seasonal meals perfect for summer -

Business Day TV: Stock picks — Google and Shoprite

David Shapiro from Sasfin Securities chose Alphabet Inc as his stock pick of the day and Wayne McCurrie from FNB Wealth and Investments chose Shoprite. Maybe I'm wrong, says McCurrie, but I don't think that the future for SA is as bad as its past and there is some seriously good value in local shares. I'm going for Shoprite. I know I went for it a while back and the share price has since gone down, but the shares are not bad value. David Shapiro chose Google and said: "I like Google and I think gaming — subscription-type gaming, downloading gaming and streaming gaming — is still a huge area and as Google is going into that I think it is going to add just another dimension to this incredible business.".

Department of Trade and Industry celebrates business leaders

The winners celebrate their awards during the South African Premier Business Awards. Photo: Supplied The Department of Trade and Industry hosted an awards ceremony in Sandton to promote the spirit of success and innovation as well as job creation, good business ethics and quality. The Annual South African Premier Business Awards are aimed at promoting and encouraging businesses across all sectors to embrace transformation. The winners were announced by the Minister of Trade and Industry, Dr Rob Davies.

BRITISH AMERICAN TOBACCO PLC - Annual Report for the Year Ended 31 December 2018 and Annual General Meeting 2019

BTI 201903220015A Annual Report for the Year Ended 31 December 2018 and Annual General Meeting 2019 British American Tobacco p.l.c. Incorporated in England and Wales (Registration number: 03407696) Short name: BATS Share code: BTI ISIN number: GB0002875804 (‘British American Tobacco p.l.c.' or ‘the Company') BRITISH AMERICAN TOBACCO p.l.c. Annual Report for the Year Ended 31 December 2018 and Annual General Meeting 2019 British American Tobacco p.l.c. (the ‘Company') reports that the following documents are being mailed and made available to its shareholders (as applicable) today, 21 March 2019. Those documents with a web-link shown are also available to be viewed or downloaded on the British American Tobacco website as indicated: (1) Annual Report 2018 (including the Strategic Report 2018)(1) www.bat.com/annualreport (2) Performance Summary 2018 www.bat.com/annualreport (3) Notice of Annual General Meeting 2019 www.bat.com/AGM (4) Proxy Form (5) Proxy Form - South Africa (6) Voting Instruction Form - South Africa In compliance with Listing Rule 9.6.1, copies of each of the above documents(1) will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection via the following link: www.morningstar.co.uk/uk/nsm. Note: (1) On 15 March 2019, the Company announced that the Annual Report 2018 was published to be viewed or downloaded on the Company's website and was submitted to the National Storage Mechanism.

BRAIT SE - Close-out of fleet

BAT 201903220007A Close-out of fleet Brait SE (Registered in Malta as a European Company) (Registration No.SE1) Share code: BAT ISIN: LU0011857645 Bond code: WKN: A1Z6XC ISIN: XS1292954812 LEI code: 549300VB8GBX4UO7WG59 (‘Brait' or ‘Group') CLOSE-OUT OF FLEET 1. Introduction Shareholders in Brait (‘Shareholders') are advised that the Board has yesterday resolved to acquire, through its subsidiary Brait Mauritius Limited (‘BML'), the pledged Brait shares held as collateral for the indemnity provided by BML to FirstRand Bank Limited (trading through its Rand Merchant Bank division) and The Standard Bank of South Africa Limited (the ‘Lenders') for the loan amount owing by the investment team's vehicle (‘Fleet'), used to facilitate the holding of shares in Brait, to these Lenders, with the Board having further resolved to settle the loan amount, through BML, owing by Fleet to the Lenders (the ‘Transaction'). To provide context, in 2011 Shareholders approved Brait advancing R1.2 billion to Fleet, which further advanced this loan funding on behalf of investment team members (‘Investment Team Borrowers'). The Investment Team Borrowers contributed R300 million of their own capital to purchase a total of R1.5 billion of Brait shares, all of which were pledged to Brait as collateral for the R1.2 billion loan funding advanced.

JSE set to react to weaker Asian markets and a firmer rand

The rand gained on Thursday while local markets were closed for Human Rights Day, and Naspers's primary asset Tencent has fallen 1% The JSE could track weaker Asian markets on Friday, with local heavyweight Naspers likely to be under pressure after the share price of its main asset Tencent fell on Thursday. Tencent had initially gained on Friday after the release of results that saw core profit numbers that were better than expectations, but was more than 1% lower on Friday morning. Local stocks will also need to react to some currency volatility on Thursday, when the pound plunged amid continued Brexit uncertainty. UK Prime Minister Theresa May has requested an extension of the Brexit deadline until the end of June, but is waiting for an official response from the EU. On Friday morning, the Hang Seng index was 0.5% lower at the lunch break, with Tencent down 1.27%. The main South Korean index was down 0.2%, while Japan's Nikkei 225 index was 0.11% lower. The rand was flat against majors on Friday morning, at R14.2032 to the dollar, R16.1573 to the euro and R18.6532 to the pound. The euro was flat at $1.1375. There are some small-cap companies set to release on Friday, although the local economic and corporate calendar is somewhat sparse. Retailer African and Overseas Enterprises is expected to report that headline earnings per share (HEPS) for the six months to end-December gained 233% and 253%. Retailer Rex Trueform is expected to report that HEPS for the six months to end-December rose 151% year on year. Gold was flat at $1,308.21 per ounce while platinum lost 0.24% to $858.12.

Printing SA And Wits Announce 2019 Business Management Programme

Printing SA, in collaboration with WITS Commercial Enterprise, is offering the Business Management (NQF Level 5) Programme, commencing in May 2019. Printing SA will run the programmes in Cape Town. The course syllabus is as follows: Module 1: Group dynamics and principles of business communication (3 days): 20-22 May 2019 • Teambuilding, group and team interaction.

Gold prices steady below three-week high as stock markets rise

The Fed not raising rates this year is a strong signal for gold, and it's getting good support at the $1,300 level, say analysts Bengaluru — Gold was steady on Friday below a three-week peak hit the day before, pressured by rising stock markets but remaining on track for a third straight weekly gain after the US Federal Reserve said there would be no further interest-rate hikes this year. Spot gold was steady at $1,309.25 an ounce as of 4.03am GMT, while US gold futures gained 0.1 percent to $1,309 an ounce. Spot prices rose to their highest since February 28 at $1,320.22 on Thursday, before paring gains to end the day down 0.2%. "There was lot of profit-taking in gold after yesterday's big jump and investors went into equity markets," said Brian Lan, managing director at dealer GoldSilver Central in Singapore. Asian shares rose to six-and-a-half-month highs after upbeat US data and optimism in the tech sector lifted Wall Street stocks. Gold is still on track for a third straight weekly gain, up about 0.6% so far this week. "Technically, gold is getting good support at the $1,300 price level and fundamentally, the Fed not rising rates this year is a strong signal for gold," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong. The Fed earlier this week brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest-rate hikes this year. "Gold should push higher, especially once the Brexit uncertainty lifts (as it seems to be doing), allowing the dollar to resume its downward drift, especially now that the Fed has sidelined itself on the rate front," INTL FCStone analyst Edward Meir said in a note. The dollar eased against sterling after the EU agreed to delay Britain's exit from the organisation, and was down 0.2% against its key rivals. EU leaders have given Prime Minister Theresa May two weeks' reprieve, until April 12, before Britain could lurch out of the EU if she fails to persuade lawmakers to back the withdraw

PRESS DIGEST- New York Times business news - March 22

March 22 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Brewing company MillerCoors sued Anheuser Busch Inbev NV on Thursday over an advertisement, claiming that it purposely misled consumers into believing there is corn syrup in Coors Light and Miller Lite.

GLOBE TRADE CENTRE S.A. - Management Board proposal regarding dividend distribution and its positive assessment by theSuperv

GTC 201903220001A Management Board proposal regarding dividend distribution and its positive assessment by the Supervisory Board GLOBE TRADE CENTRE S.A. (Incorporated and registered in Poland with KRS No. 61500) (Share code on the WSE: GTC.S.A) (Share code on the JSE: GTC ISIN: PLGTC0000037) (‘GTC' or ‘the Company') Current report number: 3/2019 Date: 22 March 2019 Management Board proposal regarding dividend distribution and its positive assessment by the Supervisory Board The Management Board of Globe Trade Centre S.A. (the ‘Company') announces that on 20 March 2019 it adopted a resolution pursuant to which it will propose to the annual general meeting of the shareholders of the Company (‘AGM') that a dividend in the amount of PLN 0.37 per share be distributed to the shareholders of the Company from the net profit earned in the financial year ended 31 December 2018. On 20 March 2019, the Supervisory Board of the Company issued a positive opinion in respect of the Management Board's above proposal. The payment of the dividend remains subject to the approval by the annual general meeting of the shareholders of the Company. Legal grounds: § 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC - inside information. Signed by: /s/ Thomas Kurzmann /s/ Erez Boniel President of the Management Board Member of the Management Board Warsaw, Poland Sponsor: Investec Bank Limited Date: 22/03/2019 07:05:00 Produced by the JSE SENS Department.

Wanted business robbery suspects nabbed in East London

East London - Four wanted business robbery suspects are expected in the East London Magistrate's Court after they were arrested by East London police detectives on Wednesday. "East London detectives conducted a tracing operation for outstanding suspects," described police spokesperson, Captain Nkosikho Mzuku. "They arrested four suspects for business robberies, possession of suspected stolen goods and recovered, laptops and a silver Geely sedan vehicle allegedly used in the commission of crime." He said that the suspects are aged between 29 and 39 years old.

PRECIOUS-Gold prices steady below 3-wk high as stock markets rise

* Gold up 0.7 percent so far this week * Getting good support at $1,300/oz level -analyst * Platinum, palladium up 3 pct so far this week * Asian shares hit 6-1/2-mth highs after upbeat U.S. data (Updates prices) By K. Sathya Narayanan March 22 (Reuters) - Gold was steady on Friday below a three-week peak hit the day before, pressured by rising stock markets but remaining on track for a third straight weekly gain after the U.S.

BOOK REVIEW: Why empathy is a far more powerful business tool than you think

Empathetic Leadership. 47 Practical Tips for Leading with Kindness, Courage and Confidence in an Age of Disruption, by Michael Brisciana. When the business environment is under unusually stressful conditions, it is most likely and almost forgivable for managers to retreat from being their better selves. It is at times like this that we need to be reminded of the economic value of leading with kindness, courage and confidence.

GLOBE TRADE CENTRE S.A. - 2018 Results for the year ended 31 December 2018

GTC 201903220005A 2018 Results for the year ended 31 December 2018 GLOBE TRADE CENTRE SA (Incorporated and registered in Poland with KRS No. 61500) (Share code on the WSE: GTC) (Share code on the JSE: GTC ISIN: PLGTC0000037) (‘GTC' or ‘the Company') 2018 RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 HIGHLIGHTS GROSS MARGIN FROM RENTAL ACITIVITY EUR 111M +22% PROFIT BEFORE TAX AND FAIR VALUE ADJUSTMENTS EUR 65M +47% FFO I EUR 61M +29% EPRA NAV EUR 1,170M +9% 2018 FINANCIAL HIGHLIGHTS - In-place rent increased by 18% to EUR 130m - Gross margin from rental activity up by 22% to EUR 111m - FFO I increased 29% to EUR 61m, FFO per share at EUR 0.13 - Operating profit: 47% increase in profit before tax and fair value adjustments, to EUR 65m - Profit after tax of EUR 92m, earnings per share of EUR 0.19 - EPRA NAV up by 9% to EUR 1,170m as at 31 December 2018, EPRA NAV per share at EUR 2.42 (PLN 10.4) - Proposed dividend from 2018 profits increased by 12% to PLN 0.37 - Solid financial performance - 13 loans were raised or refinanced, totaling approx. EUR 400m - LTV at 45% - Weighted Average Interest Rate at historic low- 2.7% - Investment grade rating (A2.il) for new bonds 2018 PORTFOLIO HIGHLIGHTS - Completion of Green Heart office buildings, Belgrade (21,600 sq m) and GTC White House office building, Budapest (21,500 sq m) - Acquisition of Mall of Sofia (32,700 sq m ) - 188,700 sq m of newly leased or released space (43% more than in 2017) - Occupancy kept high at 94% (including GTC White House) - Construction of 8 office and retail properties (113,000 sq m) commenced in 2018 and will be completed in 2019-2020. Upon completion and stabilization they shall increase the in-place rent by almost EUR 25m - Another 7 properties planned to commence construction during 2019-2020 OPERATING PERFORMANCE 2018 Reported Variance % Gross margin from rental activity EUR 111m +22% Profit for the period EUR 92 -42% Earnings per share EUR 0.19 -44% FFO I EUR 61m +29% Total portfolio EUR 2,202 +12% Net debt EUR 99

FAMOUS BRANDS LIMITED - Dealings in securities

Wrap Text Dealings in securities FAMOUS BRANDS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1969/004875/06) JSE Share code: FBR ISIN code: ZAE000053328 ("the Company" or "Famous Brands") DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("JSE"), shareholders are advised of the following off market transactions by a director in the Company's securities. Name of director: Mr J Halamandres Class of securities: Ordinary shares Nature of transaction: Transfer of shares in terms of a donation Date of transaction: 5 June 2018 Number of securities: 80 Price per security: Nil value Transaction value: R9 092.80 based on a deemed value of R113.66 per Famous Brand share Nature and extent of director's Direct beneficial interest: Name of director: Mr J Halamandres Class of securities: Ordinary shares Nature of transactions: Shares transferred to a relative of Mr Halamandres in terms of a loan agreement Date of transaction: 6 June 2018 Number of securities: 800 Price per security: Nil value Transaction value: R92 328.00 based on a deemed value of R115.41 per Famous Brand share Nature and extent of director's Direct beneficial interest: Midrand 22 March 2019 Sponsor The Standard Bank of South Africa Limited Date: 22/03/2019 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accura

Last week Facebook indicated it is moving into an ecosystem that may look like China's WeChat

If you want a good picture of what Facebook seems to be pivoting itself to become, start using that great everything app WeChat. South Africans tend to think of it as just a messaging app, an alternative to WhatsApp. But the Tencent wonder service is infinitely more than that, especially in China, where it is effectively the only app you need to do just about everything.

Hybrid Risk Management joins the New National stable

| Liberty | Lion of Africa | Lireas Holdings | Lombard | Medihelp | Metropolitan | MMI Holdings | Momentum | Munich Re | Old Mutual Insure (was Mutual & Federal) | NedGroup | New National | Oakhurst Insurance Company Limited | Old Mutual | PPS | RMBH | Sanlam | Santam | Standard Bank | Stanlib | Swiss Re | Bryte Insurance | Genric | Infiniti Insurance | Hannover Re | Constantia |.

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix Resi Portfolio - STXRES

STXRES 201903220036A Rebalancing Of The Satrix Resi Portfolio - STXRES SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX RESI PORTFOLIO JSE code: STXRES ISIN code: ZAE000078622 (‘Satrix Resi' or the ‘ETF') A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX RESI PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Resi Index has resulted in a rebalancing of the Satrix Resi ETF Portfolio. There have been changes to the Satrix Resi constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight AGL Anglo American plc 23.33% 24.02% AMS Anglo American Plat Ltd 2.46% 3.10% ANG Anglogold Ashanti Ltd 5.38% 5.28% BHP BHP GROUP PLC 30.40% 30.20% EXX Exxaro Resources Ltd 2.51% 2.65% GFI Gold Fields Ltd 2.82% 2.98% GLN Glencore plc 1.82% 0.00% IMP Impala Platinum Hlgs Ltd 0.00% 2.85% MND Mondi Ltd 2.69% 2.64% MNP Mondi plc 8.12% 8.14% SAP Sappi Ltd 3.22% 2.57% SOL Sasol Limited 17.26% 15.57% 100.00% 100.00% The following constituents have been added to the Satrix RESI: Previous New Code Share weight weight IMP Impala Platinum Hlgs Ltd 0.00% 2.85% The following constituents have been removed from the Satrix RESI: Previous New Code Share weight weight GLN Glencore plc 1.82% 0.00% These changes were applied after the close of business on Friday, 15 March 2019 and are effective from Monday, 18 March 2019. Sandton 22 March 2019 Sponsor Vunani Corporate Finance Date: 22/03/2019 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability fo

CIPC compliance order on PIC board based on factual errors

File photo: African News Agency (ANA) PRETORIA - Gilbert Marcus SC on Wednesday told the North Gauteng High Court that the grounds provided by the Companies and Intellectual Properties Commission (CIPC) to issue a compliance notice against the board of directors of the Public Investment Corporation (PIC) was based on factual errors.  The compliance notice issued by CIPC was to instruct the directors of the PIC to recover its R4.3 billion investment into JSE-listed Investee company AYO Technology Solutions.  Representing the PIC, Marcus submitted to Judge Cornelius van der Westhuizen that there were a number of red flags in the CIPC's application and that the time frame was unreasonable. Marcus contended that the CIPC claimed in its issuing of the notice that the PIC board had made a decision to invest in Ayo Technology Solutions. According to Marcus, this was not the case, as the board was not responsible for signing off the transaction.

Kleinveldt five takes Cobras into One-Day Cup semis

A maiden career five-wicket haul by veteran Rory Kleinveldt laid the platform for the Cape Cobras to secure their place in the Momentum One-Day Cup semi-finals thanks to a comfortable seven-wicket win over the VKB Knights in Cape Town on Thursday. The 36-year-old seamer claimed an impressive five for 22 to help shoot out the visitors for 186 at PPC Newlands, before Zubayr Hamza's unbeaten 65 (84 balls) guided the hosts to their target with 35 balls remaining. Victory guaranteed the Cobras a place in next week's play-offs after they moved to 20 points on the table, with the Knights (14 points) now having to beat the already qualified Titans on Saturday and hope other final round results go their way to have a chance of progressing.

JUBILEE METALS GROUP PLC - Funding of Kabwe Project and Acquisition of Sable Zinc Refinery

Wrap Text Funding of Kabwe Project and Acquisition of Sable Zinc Refinery Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company") Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). Jubilee secures funding to execute Kabwe Project Acquisition of Sable Zinc Refinery Jubilee is pleased to announce that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe Zambia. The refinery is situated immediately adjacent to the large stock piles of zinc, lead and vanadium that Jubilee has contracted from BMR Group PLC. In making this agreement the Board is also pleased to announce that they have secured a combination of debt and equity financing to fully complete the transaction and deliver the Company's Kabwe project. Highlights - Consideration for the Sable Zinc refinery is GBP 9.16 million (US$12 million) in stage payments - The Acquisition reduces the time to build the refinery by some 18 months delivering the first metal within a year from the Acquisition - Overall project capital to produce first metal is significantly reduced to some GBP18.32 million (US$ 24 million) - The project will ramp up over a two-year period from 20 tonnes to 40 tonnes per hour producing significant amounts of zinc, vanadium and lead - Jubilee is financing the Acquisition and ramp up by an equity raising of GBP11.07 million (US$14.5 million) and a secured convertible loan note of GBP6.11 million (US$8 million) - The Kabwe project is expected to significantly enhance Company earnings on the back of three revenue producing metals Leon Coetzer, Chief Executive Officer, says: "I am delighted that, after months of test work, flowsheet design and refinery acquisition

GLOBE TRADE CENTRE S.A. - Management Board proposal regarding dividend distribution and its positive assessment by the Super

Wrap Text Management Board proposal regarding dividend distribution and its positive assessment by the Supervisory Board GLOBE TRADE CENTRE S.A. (Incorporated and registered in Poland with KRS No. 61500) (Share code on the WSE: GTC.S.A) (Share code on the JSE: GTC ISIN: PLGTC0000037) ("GTC" or "the Company") Current report number: 3/2019 Date: 22 March 2019 Management Board proposal regarding dividend distribution and its positive assessment by the Supervisory Board The Management Board of Globe Trade Centre S.A. (the "Company") announces that on 20 March 2019 it adopted a resolution pursuant to which it will propose to the annual general meeting of the shareholders of the Company ("AGM") that a dividend in the amount of PLN 0.37 per share be distributed to the shareholders of the Company from the net profit earned in the financial year ended 31 December 2018. On 20 March 2019, the Supervisory Board of the Company issued a positive opinion in respect of the Management Board's above proposal. The payment of the dividend remains subject to the approval by the annual general meeting of the shareholders of the Company. Legal grounds: § 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC - inside information. Signed by: /s/ Thomas Kurzmann /s/ Erez Boniel President of the Management Board Member of the Management Board Warsaw, Poland Sponsor: Investec Bank Limited Date: 22/03/2019 07:05:00 Produced by the JSE SENS Department.

MTN South Sudan gets boost as hopes rise that war is ending

The MTN Group's [JSE:MTN] South Sudan unit said it's investing at least $30m in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country. Reviving transmission sites, upgrading to 3G and adding new coverage - they're all planned by MTN South Sudan, one of the two remaining mobile-phone operators in the country. After a period of cutbacks for the unit, the expansion is a sign of confidence in the East African nation roiled by violence and economic chaos whose warring sides signed a peace accord in September.

METALS-London metal steady on robust U.S. jobs data, weaker dollar

(Updates prices; recasts) By Mai Nguyen SINGAPORE, March 22 (Reuters) - Base metals on the London Metal Exchange rose on Friday after solid U.S. data helped calm worries over the outlook for the global economy and as the U.S. dollar eased.

Celebrating the best of the best in black business

KZN Young Business Achiever. Pravashen Naidoo Share this with your network Established in 2002, the BBQ Awards 2019 honoured the best of the best in black business. South Africa's top black business owners and rising stars arrived to the red carpet for a night full of glitz and glamour.

JSE set to react to weaker Asian markets and a firmer rand

The rand gained on Thursday while local markets were closed for Human Rights Day, and Naspers's primary asset Tencent has fallen 1% The JSE could track weaker Asian markets on Friday, with local heavyweight Naspers likely to be under pressure after the share price of its main asset Tencent fell on Thursday. Tencent had initially gained on Friday after the release of results that saw core profit numbers that were better than expectations, but was more than 1% lower on Friday morning. Local stocks will also need to react to some currency volatility on Thursday, when the pound plunged amid continued Brexit uncertainty. UK Prime Minister Theresa May has requested an extension of the Brexit deadline until the end of June, but is waiting for an official response from the EU. On Friday morning, the Hang Seng index was 0.5% lower at the lunch break, with Tencent down 1.27%. The main South Korean index was down 0.2%, while Japan's Nikkei 225 index was 0.11% lower. The rand was flat against majors on Friday morning, at R14.2032 to the dollar, R16.1573 to the euro and R18.6532 to the pound. The euro was flat at $1.1375. There are some small-cap companies set to release on Friday, although the local economic and corporate calendar is somewhat sparse. Retailer African and Overseas Enterprises is expected to report that headline earnings per share (HEPS) for the six months to end-December gained 233% and 253%. Retailer Rex Trueform is expected to report that HEPS for the six months to end-December rose 151% year on year. Gold was flat at $1,308.21 per ounce while platinum lost 0.24% to $858.12.

Naspers donates R1 million to support relief efforts in Mozambique, Malawi and Zimbabwe

Naspers announced that it has donated R1 million in support of disaster relief and recovery efforts in neighbouring countries following the devastating effects of Cyclone Idai and called on other South African corporates to join. "We are deeply saddened by the impact that Cyclone Idai has had on South Africa's neighbours," said Aileen O'Toole, Chief People Officer of Naspers. "This is a humanitarian crisis very close to home. We have responded to a call from the South African government to provide much needed relief and we encourage other corporates to also make donations." Through its donation Naspers is supporting the Department of International Relations and Cooperation (DIRCO) to distribute enough water purification sachets to clean 5 million litres of contaminated water making it safe to drink and help reduce the high risk of waterborne diseases, as well as blankets in the affected areas. In addition, funding will assist Gift of the Givers, a world-renowned NGO already on the ground, with disaster relief efforts including medical evacuations, medical supplies and food. To contribute visit the  DIRCO  and  Gift of the Givers  websites..

CIPC compliance order on PIC board based on factual errors

PRETORIA Gilbert Marcus SC on Wednesday told the North Gauteng High Court that the grounds provided by the Companies and Intellectual Properties Commission (CIPC) to issue a compliance notice against the board of directors of the Public Investment Corporation (PIC) was based on factual errors. The compliance notice issued by CIPC was to instruct the directors of the PIC to recover its R4.3 billion investment into JSElisted Investee company AYO Technology Solutions. Representing the PIC Marcus submitted to Judge Cornelius van der Westhuizen that there were a number of red flags in the CIPCs application and that the time frame was unreasonable.Marcus contended that the CIPC claimed in its issuing of the notice that the PIC board had made a decision to invest in Ayo Technology Solutions. According to Marcus this was not the case as the board was not responsible for signing off the transaction.He also argued that the issuing of the notice infringed on the rights and dignity of the current PIC board.It was not the board that approved the Ayo transaction. The CIPC took a decision to issue the compliance notice prior to the meeting held on 20 February 2019.

P&G and Massmart launch Children's Safe Drinking Water Programme

The Procter & Gamble Company (P&>) is once again proud to partner with leading retail group, Massmart, to launch its 2019 Children's Safe Drinking Water (CSDW) campaign, which will continue to raise awareness of the global water crisis and help to provide clean water to those who need it.  This World Water Day (22 March 2019), P&> is celebrating the achievement of its 2020 goal of delivering 15 billion litres of clean drinking water, through its non-profit CSDW programme, one year ahead of schedule. P&> is now accelerating its efforts to help provide clean drinking water to even more people by delivering 25 billion litres - more than 100 billion glasses of water - worldwide by 2025. Access to clean drinking water is a challenge every day for nearly 844 million people, and the burden for family household water needs disproportionally affects women and children around the world.

Potent strike force carries the hopes of David Notoane's u-23 side

The SA under-23 team has a fearsome attack that has goals written all over it ahead of their meeting with Angola in the U-23 Afcon qualifier, in Luanda today (5pm SA time). One of the attacking players in the squad is winger Gift Links of Cape Town City. He comes from a PSL team coached by the nation's all-time leading goalscorer with 31 goals, Benni McCarthy.

JSE flat, as weaker Naspers offsets gold miners

Gold miners shine after a dovish US Federal Reserve policy statement, but the market heavyweight is under pressure The JSE was little changed on Friday morning, with market heavyweight Naspers offsetting gains by most indices. Naspers was tracking losses of Chinese media giant Tencent, which is under pressure after releasing disappointing fourth-quarter results on Thursday. At 9.30am the all share was up 0.1% to 56,202.6 points and the top 40 had added 0.07%. Gold miners added 3.84%, banks 1.27% and general retailers 1.1%. Industrials were down 0.37%. Platinum had added 0.23% to $862.15/oz and gold 0.21% to $1,312.07. Brent crude was 0.35% higher at $67.88 a barrel. Gold miners are benefiting from a dovish US Federal Reserve monetary policy statement on Wednesday.

GLENCORE PLC - GLN: Transactions In own Shares - 20 March 2019

Wrap Text GLN: Transactions In own Shares - 20 March 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 22 March 2019 Transactions in own shares-20 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 20 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,498,878 Lowest price paid per share (GBp): 310.2000 Highest price paid per share (GBp): 318.9000 Volume weighted average price paid per share (GBp): 316.3543 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 717,721,869 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,868,478,197. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue

BRITISH AMERICAN TOBACCO PLC - Annual Report for the Year Ended 31 December 2018 and Annual General Meeting 2019

Wrap Text Annual Report for the Year Ended 31 December 2018 and Annual General Meeting 2019 British American Tobacco p.l.c. Incorporated in England and Wales (Registration number: 03407696) Short name: BATS Share code: BTI ISIN number: GB0002875804 ("British American Tobacco p.l.c." or "the Company") BRITISH AMERICAN TOBACCO p.l.c. Annual Report for the Year Ended 31 December 2018 and Annual General Meeting 2019 British American Tobacco p.l.c. (the "Company") reports that the following documents are being mailed and made available to its shareholders (as applicable) today, 21 March 2019. Those documents with a web-link shown are also available to be viewed or downloaded on the British American Tobacco website as indicated: (1) Annual Report 2018 (including the Strategic Report 2018)(1) www.bat.com/annualreport (2) Performance Summary 2018 www.bat.com/annualreport (3) Notice of Annual General Meeting 2019 www.bat.com/AGM (4) Proxy Form (5) Proxy Form - South Africa (6) Voting Instruction Form - South Africa In compliance with Listing Rule 9.6.1, copies of each of the above documents(1) will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection via the following link: www.morningstar.co.uk/uk/nsm. Note: (1) On 15 March 2019, the Company announced that the Annual Report 2018 was published to be viewed or downloaded on the Company's website and was submitted to the National Storage Mechanism.

UPDATE 1-FTSE 100 sinks as sterling gains on Brexit relief

* FTSE 100 down 0.9 pct * FTSE 250 down 0.6 pct * Sterling rise hits international cos * Smiths up on healthcare unit separation plans healthcare * All sectors red on FTSE 100 by 1007 GMT (Adds analyst quote, updates share prices) March 22 (Reuters) - London's FTSE 100 retreated from multi-month highs as the pound gained, weakening exporter stocks, and poor euro zone economic data pulled the index deeper into the red. The FTSE 100 dipped 0.8 percent and was on course for its worst day in a month by 0947 GMT. The more domestically exposed FTSE 250 slipped 0.7 percent.

Woman turns small farm into a thriving business supplying retailers

Leydah Sekgoebela inspired Mzansi with her commitment to growing her small farming enterprise, following in her green-fingered mother's footsteps. PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly.co.za News on your News Feed! Leydah started farming when she was young and says her mother taught her everything she needed to know about growing crops and working hard to achieve her goals. Putting her mother's words into action, Leydah poured her heart and soul into turning her farm in the Mopani district of Limpopo into a success.

JUBILEE METALS GROUP PLC - General operations and projects update

JBL 201903220006A General operations and projects update Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 (‘Jubilee' or ‘the Company') Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). General Operations and Projects Update Highlights - Company continues to grow - PlatCro Chrome operation acquired in January 2019 already contributing to group earnings ahead of schedule of GBP0.9 million (ZAR16.06 million) combined for January and February 2019 - The PlatCro PGM project accelerates deliveries of PGM containing material to Northam's Eland platinum concentrator, scheduled to commence PGM recovery and refining during May 2019 - Jubilee completes commissioning and bringing into operation of industry first DCM fine chrome plant delivering saleable chrome concentrate to the market - The Hernic project continues to deliver strong earnings combined for January and February 2019 of GBP1.10 million (ZAR19.69 million) 1= * 6 Element Platinum Group Metals Leon Coetzer, Chief Executive Officer, says: ‘The period has been remarkable both operationally and financially for Jubilee leading to a solid South African platform which precedes our targeted growth into base metals in Zambia. Jubilee has continued to demonstrate its ability to deliver projects on-time and in budget. The quarter to date has delivered major growth in both our South African chrome and PGM operations. I am particularly pleased with the team's performance at PlatCro Chrome delivering positive earnings ahead of schedule of GBP0.90 million during the months of January and February 2019. The progress is testimony to the operational excellence and tenacity of the Jubilee team. We continue to consolidate our projects to further advance earnings and fast track our expansion plans both within and outside of South Africa.' PlatCro chrome and PGM project Jubilee completed the acquisition of its PlatCro

Several mining houses assisted in obtaining historic secondary strike interdict

Webber Wentzel's employment team recently received instructions from several mining houses to assist with secondary strike interdicts. During the initial stages of this matter, Webber Wentzel received instructions from 13 mining houses. However, after strike notices were withdrawn at 7 of these, we assisted the remaining 6 mining houses with strike interdict proceedings in the Labour Court.

No neglect of R14 million poultry houses - eThekwini Municipality

The eThekwini Municipality says it is anticipating that the economic empowerment project, for which 12 poultry house was purchased in 2017, will be operational early next year. Photo: Khetha Mkhize/Democratic Alliance The eThekwini Municipality in KwaZulu-Natal has refuted claims by the DA that the 12 poultry houses purchased by the municipality in 2017 for R14,4 million have fallen into disrepair. According to a statement by the DA, the eThekwini Municipality had bought these poultry houses from RCL Foods's Rainbow Chicken business for a local economic empowerment poultry production project, but they remained empty and unused.

SANTAM LIMITED - BISAN -Availability of Annual Financial Statements of the Issuer and Update to Information Incorporated by

BISAN -Availability of Annual Financial Statements of the Issuer and Update to Information Incorporated by Reference SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN ("Santam" or "the Issuer") AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER AND UPDATE TO INFORMATION INCORPORATED BY REFERENCE AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER Bondholders are advised that the annual financial statements of the Issuer for the year ended 31 December 2018 ("the financial statements") are available for inspection at the Issuer's registered office. The financial statements of the Issuer have also been made available on the Santam website at https://www.santam.co.za/investor-relations/integrated-report/financial-results-and-reports/ . UPDATE TO INFORMATION INCORPORATED BY REFERENCE Bondholders are further advised that the King IV Application Register of the Issuer ("King IV Register"), incorporated by reference into the Santam ZAR 4 000 000 000 Unsecured Subordinated Callable Note Programme Memorandum dated 13 December 2018, has been updated.

Macarthur finds buyer for Lake Giles iron-ore

PERTH (miningweekly.com) - Canada's Macarthur Minerals has inked a binding $4-billion life-of-mine offtake agreement with diversified major Glencore over the iron-ore at its Lake Giles project, in Western Australia. the terms of the agreement, Glencore would acquire an average of four-million tonnes a year of Lake Giles iron-ore, over an initial ten-year period, with the option to extend for a following ten years for all future tonnes. "Securing this approximately $4-billion purchase arrangement ensures consistent long-term revenue to the company. Seeing a commitment of this size validates our resource and project and puts Macarthur in a position to maximize value to our shareholders," said Macarthur executive chairperson Cameron McCall.

Celebrating the best of the best in black business

KZN Young Business Achiever. Pravashen Naidoo Share this with your network Established in 2002, the BBQ Awards 2019 honoured the best of the best in black business. South Africa's top black business owners and rising stars arrived to the red carpet for a night full of glitz and glamour.

PRESS DIGEST- New York Times business news - March 22

March 22 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Brewing company MillerCoors sued Anheuser Busch Inbev NV on Thursday over an advertisement, claiming that it purposely misled consumers into believing there is corn syrup in Coors Light and Miller Lite.

Exxaro to cut 750 contractor jobs after Group 5 goes into business rescue

ABOUT  750 contract employees would be affected after Exxaro Resources terminated its agreements with Group Five Construction which announced earlier this month it was to go into business rescue proceedings. Group 5 Projects was contracted in April 2017 to build a new coal plant as part of Exxaro's Grootegeluk Plant 6 (GG6) expansion at the Grootegeluk mine in South Africa's Limpopo province. The project was down for completion in May, but will now suffer a delay as a result, the company said.

Veeam honours Africa partners

Backup solutions and intelligent data management vendor Veeam Software revealed the winners of the 2018 Veeam Partner Awards at the Partner Summit held in Johannesburg recently. The winners are: * The Fastest Growth of the Year: EOH* Distributor of the Year: Axiz* The Most Significant Project of the Year: Sithabile* The Best VCSP Partner of the Year: Silicon Sky* The Best SMB Partner of the Year: First Technology Western Cape* Aggregator of the Year: First Distribution The awards recognise the commitment and success of Veeam ProPartners and Veeam Cloud & Service Provider (VCSP) partners who have demonstrated success in providing Veeam solutions to their customers, and growing their business while supporting users. "Veeam is a partner-first business and understands that the very nature of how business is done is changing, and how quickly," says Gilles Pommier, VP Channel and Alliances EMEA at Veeam. He says Veeam, that follows a channel sales model, aims to adapt to these needs to ensure its partners have the latest products, training and support, as well as access to its expert ecosystem. "We are confident that we are delivering new data management capabilities for our partners to help grow their business by empowering their customers to do more with their data, offering more choice and identifying new revenue opportunities for multi-cloud environments," Pommier adds. Lisa Strydom, channel manager lead for Africa at Veeam, says: "In 2018, our focus was on part-ners across the spectrum, from those driving business initiatives into the SME, to partners with a hybrid cloud offering, and those that offer value to the enterprise." This year, she says, Veeam plans to expand its team locally to continue to support the channel in Africa..

Mahlambi believes SA U-23s can come back from Angola with a 2-goal cushion

Phakamani Mahlambi says the South Africa Under-23s need a two-goal cushion from their Africa U-23 Cup of Nations qualifying encounter against Angola in Luanda on Friday (5pm SA time) to avoid pressure in the return leg at Bidvest Stadium on Tuesday. Alongside options such as Lyle Foster‚ Luther King‚ Keletso Makgalwa‚ Jemondre Dickens‚ Khanyisa Mayo and Gift Links‚ Mamelodi Sundowns forward Mahlambi is expected to form a devastating attacking line for the U-23s at the start of their campaign to qualify for the Tokyo 2020 Olympics. Mahlambi said scoring as many as two goals‚ and preferably not conceding‚ will be a good foundation to ensure SA move to the next round‚ where they will either meet Mozambique‚ Zimbabwe or eSwatini.

BRAIT SE - Close-out of fleet

Wrap Text Close-out of fleet Brait SE (Registered in Malta as a European Company) (Registration No.SE1) Share code: BAT ISIN: LU0011857645 Bond code: WKN: A1Z6XC ISIN: XS1292954812 LEI code: 549300VB8GBX4UO7WG59 ("Brait" or "Group") CLOSE-OUT OF FLEET 1. Introduction Shareholders in Brait ("Shareholders") are advised that the Board has yesterday resolved to acquire, through its subsidiary Brait Mauritius Limited ("BML"), the pledged Brait shares held as collateral for the indemnity provided by BML to FirstRand Bank Limited (trading through its Rand Merchant Bank division) and The Standard Bank of South Africa Limited (the "Lenders") for the loan amount owing by the investment team's vehicle ("Fleet"), used to facilitate the holding of shares in Brait, to these Lenders, with the Board having further resolved to settle the loan amount, through BML, owing by Fleet to the Lenders (the "Transaction"). To provide context, in 2011 Shareholders approved Brait advancing R1.2 billion to Fleet, which further advanced this loan funding on behalf of investment team members ("Investment Team Borrowers"). The Investment Team Borrowers contributed R300 million of their own capital to purchase a total of R1.5 billion of Brait shares, all of which were pledged to Brait as collateral for the R1.2 billion loan funding advanced.

Three Ways To Rank High On Search Engine Results Pages

The Digital School of Marketing states that the goal of most companies is to be top of Google's Search Engine Results Pages (SERPs) for their particular keywords. SERPs are the results that Google returns once you've typed in a query. These results could either directly answer your question or provide you with more information that will help you with your query.

Now BHP will earn into Luminex projects in Ecuador

Canadian junior Luminex Resources has brought in another major miner to earn into its projects in Ecuador, announcing a letter of intent to enter into a farm-in and joint venture (JV) agreement with BHP over the Tarqui 1 and 2 mining concessions. BHP will have the right to earn up to a 70% ownership interest in the property by investing an aggregate amount up to $75-million and making up to $7-million of cash payments to Luminex. Luminex has agreed to work exclusively with BHP to negotiate and complete a binding agreement over the next three months. Luminex is now in the unique position of having three world-class venture partners in BHP, Anglo American and First Quantum on separate exploration projects within its portfolio. These agreements will provide up to $178-million in aggregate funding.

GLOBE TRADE CENTRE S.A. - 2018 Results for the year ended 31 December 2018

Wrap Text 2018 Results for the year ended 31 December 2018 GLOBE TRADE CENTRE SA (Incorporated and registered in Poland with KRS No. 61500) (Share code on the WSE: GTC) (Share code on the JSE: GTC ISIN: PLGTC0000037) ("GTC" or "the Company") 2018 RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 HIGHLIGHTS GROSS MARGIN FROM RENTAL ACITIVITY EUR 111M +22% PROFIT BEFORE TAX AND FAIR VALUE ADJUSTMENTS EUR 65M +47% FFO I EUR 61M +29% EPRA NAV EUR 1,170M +9% 2018 FINANCIAL HIGHLIGHTS - In-place rent increased by 18% to EUR 130m - Gross margin from rental activity up by 22% to EUR 111m - FFO I increased 29% to EUR 61m, FFO per share at EUR 0.13 - Operating profit: 47% increase in profit before tax and fair value adjustments, to EUR 65m - Profit after tax of EUR 92m, earnings per share of EUR 0.19 - EPRA NAV up by 9% to EUR 1,170m as at 31 December 2018, EPRA NAV per share at EUR 2.42 (PLN 10.4) - Proposed dividend from 2018 profits increased by 12% to PLN 0.37 - Solid financial performance - 13 loans were raised or refinanced, totaling approx. EUR 400m - LTV at 45% - Weighted Average Interest Rate at historic low- 2.7% - Investment grade rating (A2.il) for new bonds 2018 PORTFOLIO HIGHLIGHTS - Completion of Green Heart office buildings, Belgrade (21,600 sq m) and GTC White House office building, Budapest (21,500 sq m) - Acquisition of Mall of Sofia (32,700 sq m ) - 188,700 sq m of newly leased or released space (43% more than in 2017) - Occupancy kept high at 94% (including GTC White House) - Construction of 8 office and retail properties (113,000 sq m) commenced in 2018 and will be completed in 2019-2020.

JUBILEE METALS GROUP PLC - Funding of Kabwe Project and Acquisition of Sable Zinc Refinery

JBL 201903220009A Funding of Kabwe Project and Acquisition of Sable Zinc Refinery Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 (‘Jubilee' or ‘the Company') Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). Jubilee secures funding to execute Kabwe Project Acquisition of Sable Zinc Refinery Jubilee is pleased to announce that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe Zambia. The refinery is situated immediately adjacent to the large stock piles of zinc, lead and vanadium that Jubilee has contracted from BMR Group PLC. In making this agreement the Board is also pleased to announce that they have secured a combination of debt and equity financing to fully complete the transaction and deliver the Company's Kabwe project. Highlights - Consideration for the Sable Zinc refinery is GBP 9.16 million (US$12 million) in stage payments - The Acquisition reduces the time to build the refinery by some 18 months delivering the first metal within a year from the Acquisition - Overall project capital to produce first metal is significantly reduced to some GBP18.32 million (US$ 24 million) - The project will ramp up over a two-year period from 20 tonnes to 40 tonnes per hour producing significant amounts of zinc, vanadium and lead - Jubilee is financing the Acquisition and ramp up by an equity raising of GBP11.07 million (US$14.5 million) and a secured convertible loan note of GBP6.11 million (US$8 million) - The Kabwe project is expected to significantly enhance Company earnings on the back of three revenue producing metals Leon Coetzer, Chief Executive Officer, says: ‘I am delighted that, after months of test work, flowsheet design and refinery acquisition negotiations, we can announce the full implementation plan for the Kabwe base metal project. My team and I are looking forward to managing an impleme

Ferial Haffajee: PwC's Steinhoff report is a whitewash laced with white privilege

Steinhoff's caretaker board and management have not risen to the challenge of good corporate citizenship.   After over a year of inquiry into the country's worst corporate fraud, it released a mealy-mouthed summary of the PwC investigation for general consumption at the weekend, and then took the same version to Parliament on Tuesday.  The arrogance of its approach, so out of touch in a time of truth, can be said to be the outcome of white privilege. Justice has been slow at Steinhoff and public opprobrium has been tamped down by public commentary that has been surprisingly muted for the scale of the crime.  It is this privilege that has allowed former CEO Markus Jooste to treat Parliament like an outhouse when he appeared in September 2018 and to refuse to account to the PwC investigators.  It is this privilege that has allowed former Steinhoff chairman Christo Wiese to repeatedly claim he knew nothing about what was happening.  It's true that Wiese lost a fortune on Steinhoff after he reversed most of his assets into the furniture retailer which had big dreams of being the next Ikea. But a smart business person like him should have asked questions about exactly where the stratospheric profits were coming from. Jooste is not named in the report's summary.

Holomisa drops PIC bombshell (part 1)

UDM leader lifts lid on dodgy fund dealings UDM leader Bantu Holomisa has lifted the lid on a "cartel" of politicians, civil servants, investment advisers, asset fund managers and businessmen for allegedly turning the Public Investment Corporation (PIC) into their cash cow. In a bombshell testimony before the commission of inquiry into alleged improprieties at the PIC on Wednesday, Holomisa named former deputy finance minister and PIC chairperson Jabu Moleketi, PIC director Sibusisiwe Zulu and businessmen Lawrence Mulaudzi and Tshepo Mahloele as the key players at the centre of the multibillion-rand self-enrichment spider web. He also implored the Mpati Commission to probe the alleged role of investment advisers and asset managers, especially those outside South Africa.

Mahlambi believes SA U-23s can come back from Angola with a 2-goal cushion

Phakamani Mahlambi says the South Africa Under-23s need a two-goal cushion from their Africa U-23 Cup of Nations qualifying encounter against Angola in Luanda on Friday (5pm SA time) to avoid pressure in the return leg at Bidvest Stadium on Tuesday. Alongside options such as Lyle Foster‚ Luther King‚ Keletso Makgalwa‚ Jemondre Dickens‚ Khanyisa Mayo and Gift Links‚ Mamelodi Sundowns forward Mahlambi is expected to form a devastating attacking line for the U-23s at the start of their campaign to qualify for the Tokyo 2020 Olympics. Mahlambi said scoring as many as two goals‚ and preferably not conceding‚ will be a good foundation to ensure SA move to the next round‚ where they will either meet Mozambique‚ Zimbabwe or eSwatini.

Market Research Wrap: Best across creativity, effectiveness, media

by MarkLives ( @marklives ) Our weekly wrap of the latest market and consumer research: Global best of the best SA in 2030 Best of all across WARC Rankings The world's top companies measured across creativity, effectiveness and media were released this week by WARC in its first-ever "Best of the Best" global index of excellence. The WARC Rankings , successor to the Gunn Report and WARC 100 , are annual rankings providing a global benchmark for campaign, agency, network, holding company, brand and advertisers' success. [Cheryl Hunter] The results are an aggregation of three recently released WARC rankings — Creative 100, Effective 100 and Media 100 — and place BBDO New York as #1 agency, BBDO Worldwide #1 agency network.

South32's Mozal pledges $250 000 to aid Cyclone Idai recovery efforts

South32's Mozal Aluminium smelter, which is located in the Mozambique capital Maputo, has pledged a $250 000 donation to support recovery efforts following the devastating impact of Cyclone Idai in the country. Commenting in a statement on Friday, Mozal VP Samuel Samo Gudo said the company had committed to making a difference to the communities impacted by the event, especially those in the city of Beira, which has become partially isolated from other parts of the country. The donation will be made to a humanitarian institution in Mozambique to help resolve food and water shortages and help restore infrastructure in the affected areas. Further to the $250 000 contribution, the company is coordinating monetary and nonperishable food donations from its employees. South32 will also match any financial contributions from employees around the world committed through its employee matched giving programme..

SANTAM LIMITED - No Change Statement and Notice of Annual General Meeting

Wrap Text No Change Statement and Notice of Annual General Meeting SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 (JSE Share Code: SNT & ISIN ZAE000093779) NSX share code: SNM (‘Santam') or ("the Company") NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the company`s annual integrated report, annual financial statements and summary consolidated financial statements for the year ended 31 December 2018 are now available on the company's website and will be posted to shareholders on or about 29 March 2019. They contain no modifications to the audited results which were published on 28 February 2019. PricewaterhouseCoopers Inc audited the results and the annual financial statements of Santam and their reports are available for inspection at the registered offices of the company.

Mahlambi says SA U-23s can come back from Angola with cushion

Phakamani Mahlambi says the South Africa Under-23s need a two-goal cushion from their Africa U-23 Cup of Nations qualifying encounter against Angola in Luanda on Friday (5pm SA time) to avoid pressure in the return leg at Bidvest Stadium on Tuesday. Alongside options such as Lyle Foster‚ Luther King‚ Keletso Makgalwa‚ Jemondre Dickens‚ Khanyisa Mayo and Gift Links‚ Mamelodi Sundowns forward Mahlambi is expected to form a devastating attacking line for the U-23s at the start of their campaign to qualify for the Tokyo 2020 Olympics. Mahlambi said scoring as many as two goals‚ and preferably not conceding‚ will be a good foundation to ensure SA move to the next round‚ where they will either meet Mozambique‚ Zimbabwe or eSwatini.

Success of tailings retreatment stands out in lacklustre gold sector

In a sector bedevilled by protracted industrial action, a lack of new discoveries and investment, as well as deeper and declining orebodies, gold tailings retreatment operations have demonstrated better resilience and attracted more investor interest than traditional operations, 71% of which were either marginal or lossmaking in 2018, according to Minerals Council South Africa. In addition to the council's concern about the new tariffs exacerbating the sector's ballooning administered costs, it also points out that, since 2007, jobs in the gold sector have declined by nearly 40%. Further, there have been no new deep-level gold mines built since 2003, and South Africa's gold production has consistently declined over the past decade. Pan African Resources CEO Cobus Loots notes that the gold market, in general, has improved over the past few months and that ever-increasing geopolitical risk could further endorse gold's fundamentals. Additionally, with rand weakness expected to persist alongside a somewhat favourable gold price, 2019 should theoretically be a good year for South African gold producers. However, Loots also notes the poor state of the local economy, and the challenges it imposes on miners cannot be understated. Similarly, while tailings retreatment is far from a silver bullet for the gold industry, the significant gains realised by retreating existing tailings dams cannot be understated. A Brief History of Tailings Tailings retreatment in South Africa began in the 1970s, recalls SRK principal geotechnical engineer and partner Adriaan Meintjes. Prior to that - largely as a result of a 1953 study by the then Chamber of Mines and the Council for Scientific and Industrial Research - the standard procedure to limit tailings-dam-related air and water pollution was to plant vegetation on the tailings dams. Meintjes explains that, historically, when grades were very high, gold processing was limited by the technology of the day.

Odds changing in the local gaming sector?

With Sun International buoyed by Time Square and Tsogo unbundling, the sector seems poised to sail out of the doldrums The odds could be changing in the local gaming sector, with Sun International strengthening its hand in the key Gauteng market and Tsogo Sun reshuffling its property and casino assets. This week Sun International released details of an encouraging performance by its new Time Square casino — the flagship development in Pretoria which is critical to the group's debt reduction plans. At the same time, Tsogo — which is controlled by Hosken Consolidated Investments — pushed for a value unlock by detailing much-anticipated plans to unbundle and separately list its hotel properties on the JSE. Sun International shareholders will feel somewhat relieved at the second-half performance of the Time Square precinct in the year to end-December. Time Square got off to a worryingly slow start when it opened in April 2017. Sun International CEO Anthony Leeming says Time Square has gained market share in the competitive Gauteng casino market, pushing its share to 13.5%. "Time Square actually recorded market share of over 14% in the second half … and we've seen further gains in January." Revenue from Time Square stretched to almost R1.25bn, making it the fourth-biggest casino in Sun International's portfolio. Earnings before interest, tax, depreciation and amortisation (ebitda) came in at R305m on a slightly improved margin of 24.2% (last year 22.2%). In terms of margin, Time Square now operates at a similar margin to that of its bigger Brakpan-based stablemate, Carnival City.

JUBILEE METALS GROUP PLC - General operations and projects update

Wrap Text General operations and projects update Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company") Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). General Operations and Projects Update Highlights - Company continues to grow - PlatCro Chrome operation acquired in January 2019 already contributing to group earnings ahead of schedule of GBP0.9 million (ZAR16.06 million) combined for January and February 2019 - The PlatCro PGM project accelerates deliveries of PGM containing material to Northam's Eland platinum concentrator, scheduled to commence PGM recovery and refining during May 2019 - Jubilee completes commissioning and bringing into operation of industry first DCM fine chrome plant delivering saleable chrome concentrate to the market - The Hernic project continues to deliver strong earnings combined for January and February 2019 of GBP1.10 million (ZAR19.69 million) 1= * 6 Element Platinum Group Metals Leon Coetzer, Chief Executive Officer, says: "The period has been remarkable both operationally and financially for Jubilee leading to a solid South African platform which precedes our targeted growth into base metals in Zambia. Jubilee has continued to demonstrate its ability to deliver projects on-time and in budget. The quarter to date has delivered major growth in both our South African chrome and PGM operations. I am particularly pleased with the team's performance at PlatCro Chrome delivering positive earnings ahead of schedule of GBP0.90 million during the months of January and February 2019. The progress is testimony to the operational excellence and tenacity of the Jubilee team. We continue to consolidate our projects to further advance earn

KIBO ENERGY PLC - Update on Benga Power Plant Project

Wrap Text Update on Benga Power Plant Project Kibo Energy PLC (Incorporated in Ireland) (Registration Number: 451931) (External registration number: 2011/007371/10) Share code on the JSE Limited: KBO Share code on the AIM: KIBO ISIN: IE00B97C0C31 ("Kibo" or "the Company") Dated: 21 March 2019 Kibo Energy PLC (‘Kibo' or the ‘Company') Update on Benga Power Plant Project Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset energy company, is pleased to provide an update on the Benga Power Plant Project in Mozambique (‘Benga'), further to the RNS published on January 30, 2019. Highlights * Definitive Feasibility Study (‘DFS') completed ahead of schedule and final review in progress * Coal Purchase Agreements ('CPA') with coal producers in advanced stage and progressing well * Meeting with EDM (Mozambique's publicly owned electricity company) - planned for April 2019 to present final DFS and engage in further Power Purchase Agreement ('PPA') negotiations under the terms of existing MOU (See RNS of 12 December 2019) * PPA discussions with potential private off-takers in advanced stage and progressing well * Assessing integration of renewable technologies at the project Louis Coetzee, CEO of Kibo, said: "We are encouraged by the rapid progress of the Benga project as well as the quality work performed by the project team and consultants. The fact that we are already discussing commercial power off-take and being able to progressively integrate the outcomes with the technical work of the DFS allows us to align the power station design accurately with off-takers' requirements. Additionally, the integration of renewable technologies is an exciting add-on to the project.

KwaZulu-Natal: Three injured in Pietermaritzburg rollover.

KwaZulu-Natal: At 06H50 Friday morning Netcare 911 responded to reports of a collision on Peter Brown Drive in Pietermaritzburg. Reports from the scene indicate that the driver of a bakkie lost control resulting in a rollover down an embankment. Three adults sustained minor injuries and were treated on scene before being transported by ambulance to hospital for further treatment. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911 https://t.co/pY5TfW76HZ #ArriveAlive @Netcare911_sa pic.twitter.com/4Im2nNnm6d — Arrive Alive (@_ArriveAlive) March 22, 2.

GLENCORE PLC - GLN: Transactions In Own Shares- 21 March 2019

Wrap Text GLN: Transactions In Own Shares- 21 March 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 22 March 2019 Transactions in own shares-21 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 21 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,500,000 Lowest price paid per share (GBp): 320.2500 Highest price paid per share (GBp): 325.3500 Volume weighted average price paid per share (GBp): 322.3987 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 720,221,869 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,865,978,197. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue

Ghana launches US$97-milliion e-justice system

Ghana has launched a US$97-million World Bank-funded electronic justice (e-justice) system that would see the country's courts run paperless. President Nana Akufo-Addo launched the system on 20 March2019 and said it would provide an electronic platform to automate case filing, fee assessment, online payments and execution of court decisions, among other functions. The platform is expected to reduce the costs associated with manual execution of tasks and save time - especially with regards to court case timetables and calendar management for judges.

Veeam honours Africa partners

Backup solutions and intelligent data management vendor Veeam Software revealed the winners of the 2018 Veeam Partner Awards at the Partner Summit held in Johannesburg recently.The winners are:* The Fastest Growth of the Year: EOH* Distributor of the Year: Axiz* The Most Significant Project of the Year: Sithabile* The Best VCSP Partner of the Year: Silicon Sky* The Best SMB Partner of the Year: First Technology Western Cape* Aggregator of the Year: First DistributionThe awards recognise the commitment and success of Veeam ProPartners and Veeam Cloud & Service Provider (VCSP) partners who have demonstrated success in providing Veeam solutions to their customers and growing their business while supporting users.Veeam is a partnerfirst business and understands that the very nature of how business is done is changing and how quickly says Gilles Pommier VP Channel and Alliances EMEA at Veeam.He says Veeam that follows a channel sales model aims to adapt to these needs to ensure its partners have the latest products training and support as well as access to its expert ecosystem.We are confident that we are delivering new data management capabilities for our partners to help grow their business by empowering their customers to do more with their data offering more choice and identifying new revenue opportunities for multicloud environments Pommier adds.Lisa Strydom channel manager lead for Africa at Veeam says: In 2018 our focus was on partners across the spectrum from those driving business initiatives into the SME to partners with a hybrid cloud offering and those that offer value to the enterprise.This year she says Veeam plans to expand its team locally to continue to support the channel in Africa..

AB InBev chair Olivier Goudet to step down

Anheuser-Busch InBev (AB Inbev) chair Olivier Goudet is stepping down to focus on his roles as managing partner and CEO at JAB Holding.  Goudet will resign at AB InBev's shareholder meeting on April 24, the beer company said in an e-mailed statement. "The board's succession plan has been developed since last year and we have been working with Mr Goudet on a smooth transition," the company said. "His successor, along with new members of our board, will be announced in due course in the context of our annual shareholders meeting." Earlier, the Financial Times reported that Goudet was departing because of concerns of a conflict of interest, related to JAB's 2018 acquisition of Dr Pepper Snapple Group in an $18.7bn deal.

KwaZulu-Natal: One person has died in South Coast drowning.

KwaZulu-Natal: At 08H37 Friday morning Netcare 911 responded to reports of a drowning at "kids Beach" in Leasure Bay in Port Edward on the KZN South Coast. Reports from the scene indicate that an adult male and an adult female were swimming at a swimming beach when they both got in difficulty. Lifeguards responded and pulled the female patient to shore, the adult male however became submerged and was eventually also pulled to shore. The female was found to be in a stable condition, the male however was assessed by an Advanced life support paramedic and found to have no signs of life and tragically declared deceased. All necessary authorities were on scene. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911....

Hawks say they are waiting 'anxiously' for access to PwC report into Steinhoff

The Hawks are still "anxiously" waiting to be granted access to the full PwC forensic report into wrongdoing at Steinhoff.   "We haven't received the report and we are waiting for it," said Hawks spokesperson Hangwani Mulaudzi on Friday.  The 3 000-page forensic probe into accounting fraud was given to Steinhoff leadership by PwC earlier in the month. Steinhoff, in turn, published an 11-page overview of the report last Friday, which stated that a "small group" of former executives inflated the profit and asset values of the Steinhoff group by 6.5-billion euros between 2009 and 2017.   On Tuesday the Hawks told a joint meeting of four Parliamentary committees that they did not yet have access to the full PwC report.  Yunus Carrim , the chair of Parliament's oversight committee on finance, told the Hawks to immediately secure the report from Steinhoff directly or take legal steps to access it.  Mulaudzu said on Friday the Hawks would give their investigative team ample opportunity to resolve the matter with Steinhoff and get the report before taking a legal route.  "That would be the last resort. We still have to discuss this with the investigation team as there could still be discussions between them and Stienhoff and if things do not pan out, we will make a determination," Mulaudzi said.

Exxaro to cut 750 contractor jobs after Group 5 goes into business rescue

ABOUT  750 contract employees would be affected after Exxaro Resources terminated its agreements with Group Five Construction which announced earlier this month it was to go into business rescue proceedings. Group 5 Projects was contracted in April 2017 to build a new coal plant as part of Exxaro's Grootegeluk Plant 6 (GG6) expansion at the Grootegeluk mine in South Africa's Limpopo province. The project was down for completion in May, but will now suffer a delay as a result, the company said.

UPDATE 1-Japan's TEPCO to enter hydrogen fuel business with JXTG

(Recasts with announcements) TOKYO, March 22 (Reuters) - Japan's Tokyo Electric Power Company Holdings (TEPCO) and JXTG Holdings said on Friday they would build one of the world's biggest hydrogen stations in Tokyo by mid-2020, marking the entry of TEPCO to hydrogen fuel business. TEPCO Fuel & Power, an affiliate of TEPCO, and JXTG Energy, a unit of JXTG, will construct the hydrogen station, with a capacity of 600 normal cubic meters per hour, at TEPCO's dormant thermal power plant in Tokyo, before the Tokyo 2020 Olympic and Paralympic Games. JERA Co, a fuel joint venture between TEPCO and Chubu Electric Power, will take over the hydrogen business next month as the two large Japanese utility parents are set to integrate their domestic thermal power generation businesses under JERA in April.

Hawks say they are waiting 'anxiously' for access to PwC report into Steinhoff

The Hawks are still "anxiously" waiting to be granted access to the full PwC forensic report into wrongdoing at Steinhoff.   "We haven't received the report and we are waiting for it," said Hawks spokesperson Hangwani Mulaudzi on Friday.  The 3000-page forensic probe into accounting fraud was given to Steinhoff leadership by PwC earlier in the month. Steinhoff, in turn, published an 11-page overview of the report last Friday, which stated that a "small group" of former executives inflated the profit and asset values of the Steinhoff group by 6.5bn euros between 2009 and 2017.   On Tuesday the Hawks told a joint meeting of four Parliamentary committees that they did not yet have access to the full PwC report.  Yunus Carrim, the chair of Parliament's oversight committee on finance, told the Hawks to immediately secure the report from Steinhoff directly or take legal steps to access it.  Mulaudzu said on Friday the Hawks would give their investigative team ample opportunity to resolve the matter with Steinhoff and get the report before taking a legal route.  "That would be the last resort. We still have to discuss this with the investigation team as there could still be discussions between them and Stienhoff and if things do not pan out, we will make a determination," Mulaudzi said.

PE Business News: Explosives seized, five arrested as KZN police foil ATM bomb plot

PE : Explosives seized, five arrested as KZN police foil ATM bomb plot : Promote your business on BuyPE and MyPR. Explosives seized, five arrested as KZN police foil ATM bomb plot: Port Elizabeth - The National Intervention Unit of the KwaZulu … the anti-crime unit intercepted a car on the Enembe Road at Isikhalambazo section, on the way to business premises in Mandini, which … Source: "Port Elizabeth" […] - MyPE News Submit and get free press releases here: MyPR Free Press Release . Click here to list your business on BuyPE..

Troye makes headway in emerging markets

Managed IT services provider Troye has been awarded third place as Citrix's Cloud Partner of the Year for emerging markets. The Citrix Summit partner conference was held recently in Orlando, Florida. Troye CEO Helen Kruger comments: "Customers are seeing the benefits of having the Control Plane for the Citrix Apps and Desktops Service delivered securely from the Citrix Cloud, which is constantly kept up to date and managed by the vendor whilst having the flexibility of hosting their workloads themselves, wherever they choose, be it in their own data centre or cloud of their choice or even multi cloud.

MODJADJISKLOOF : Massive manhunt launched after business robbery

It is alleged that a 45-year-old Security Officer was on duty patrolling the premises when he was attacked by a group of about 15 armed suspects who pointed him with firearms and tied him up with cable wires.  Also read: GIYANI: Massive manhunt for escaped prisoners "The suspects then broke into the store and loaded groceries and electrical appliances worth thousands of rands into their blue Corsa vehicle without registration numbers, before they fled the scene. The preliminary police investigations revealed that the suspects called the store manager demanding safe keys, using the victim's phone in an attempt to access the money in the safe but they failed,"explained Lieutenant Colonel Moatshe Ngoepe.

MMUSI'S BAD FOR BUSINESS

A TAXI driver claims Mmusi Maimane's face is chasing away potential passengers. Jomo Motau said taxi drivers in Tshwane want the DA's campaign posters to be removed from their vehicles. "ANC and EFF supporters don't want to board our taxis because of the DA leader's head," he said.

EMERGING MARKETS-Currencies slump on global growth fears; stocks mixed

* Weak data from Europe stokes fears for growth * China stocks end flat before trade talks next week * Fitch lowers 2020 growth forecast for India By Agamoni Ghosh March 22 (Reuters) - Emerging-market currencies fell on Friday after weak data from Europe re-affirmed fears over global growth, wiping out much of the support the Federal Reserve provided earlier in the week with its accommodating monetary policy. German manufacturing contracted further in March and economic activity slowed in France and the euro zone overall, surveys showed on Friday . MSCI's index for emerging-market currencies fell 0.3 percent as eastern European currencies weakened.

European markets stumble as growth fears roil markets

Shares and the euro fall on Friday after disappointing German data adds to fears of a global slowdown prompted by Fed's dovish turn London — German 10-year bond yields crashed briefly below zero while European shares and the euro fell on Friday after another set of disappointing German economic data added to fears of a global slowdown prompted by this week's dovish turn by the US Federal Reserve. Yields in Germany's 10-year government bond turned negative for the first time since October 2016 after data showed German manufacturing contracted for a third consecutive month in March, compounding worries that unresolved trade disputes are exacerbating a slowdown in Europe's biggest economy. European stocks wiped out early gains, with German shares tumbling 0.6% to hit their lowest in two weeks. Equities in Paris and London FTSE tumbled 0.8%. Europe's car sector led the falls, dropping 1%. "Numbers like the ones we have seen this morning from the European manufacturing sector in Europe would suggest there is more weak data to come," said Tim Graf, Europe, Middle East and Africa head of macro strategy at State Street Global Advisors. "Everybody is looking for that inflection point, I guess, for when it is finally going to get better — and it's not quite arrived yet." MSCI's gauge of stocks across the globe slipped 0.2%, pulling away from the five-and-a-half-month high hit earlier in the week.

Business This Nigerian city is one of the most affordable for expatriates

In comparison with other cities in the world, it has become considerably cheap for expatriates to live in Nigeria's commercial capital, Lagos. The latest The Worldwide Cost of Living survey compares several individual costs of 160 products and services across 133 cities. Some of these items include food, clothing, household supplies, home rents, transport, utility bills and recreational costs. Costs in the cheapest cities were low by Western standards, partly because of low wages which limit household spending, the London-based Economist noted. Prominent factors Factors like inflation and currency devaluation were used in determining the cost of living and many cities fell in ranking due to dwindling economies, weakened currency or falling local prices. Cities like Karachi in Pakistan, Tashkent in Uzbekistan, Almaty in Kazakhstan and Lagos have faced economic, political, security and infrastructural challenges. "After five consecutive years of decline, oil prices bottomed out in 2016 and rebounded in 2017 and 2018, along with other commodity prices.

Vedanta snaps up AngloGold's Chris Sheppard

Dream team for Vedanta as Chris Sheppard joins former AngloGold Ashanti boss to head the Zambian copper business The former head of AngloGold Ashanti's SA business, Chris Sheppard, is now CEO of Vedanta Resources' Konkola Copper Mines in Zambia. Sheppard, who oversaw the sale and closure of a number of AngloGold's shafts in SA, leaving the company with just one ultra-deep level gold mine and tailings retreatment plant in its historical home base, became Konkola's CEO on March 18. In heading a Vedanta subsidiary, Sheppard is once again reunited with Srinivasan Venkatakrishnan, the former CEO and CFO of AngloGold. Sheppard is a highly respected miner, having worked at Anglo American, Anglo American Platinum and Lonmin. Venkatakrishnan left AngloGold to join the diversified Indian resources and energy company as CEO in September 2018 after 18 years with the company, five of which were in the top job. "Chris will provide leadership in delivering KCM's vision of over 50 years of sustainable mining and operations in Zambia," said Venkatakrishnan. Under the leadership of newly appointed Canadian CEO Kelvin Dushnisky AngloGold has put two of its assets up for sale and is intensely focused on delivering the redevelopment of the Obuasi mine in Ghana. Vedanta has been in the news recently for the death of two people at a protest at its alumina refinery in Lanjigarh, India, in March. In May 2018, its copper smelter in India was shut after police fired on protesters and killed 13 people. The protests were called against the alleged pollution emanating from the plant, a charge Vedanta denied. In SA, Vedanta has commissioned a $400m investment in the Gamsberg zinc mine and concentrator in the Northern Cape. seccombea@bdfm.co.za.

All4Women Entrepreneurs: 5 things to consider when turning your small business into a franchise

All4Women Entrepreneurs is a monthly feature where we put the spotlight on amazing female entrepreneurs starting businesses in South Africa. This month we spoke to Liz Senior (who started kids development progamme, Clamber Club) to find out her top tips for building a franchise. (In case you missed it, read the first part of Liz's story here, where she tells us how she built a 65-franchise business from her backyard).  When considering whether to franchise your business, there are many things to consider.

Bryan Habana graduates from business school, impresses with fluent French

Former Springbok rugby player Bryan Habana took to social media on Wednesday to celebrate a milestone in "life after rugby". The the 35-year-old shared snaps of his graduation ceremony on Instagram and reflected on his  journey: He wrote:"What a journey it's been with @toulousebs and @provalerugby getting back into the books and trying to upskill myself for the life after rugby. The sense of accomplishment tonight during our graduation was incredibly special," he wrote before thanking his wife for supporting him. The rugby star also thanked his wife for her support and motivation, and revealed how he had regretted not completing his BSc in IT  but was happy to have finally gotten a diploma.

German 10-yr yields dive below zero as growth fears roil markets

German manufacturing contracted for a third straight month in March, adding to worries that unresolved trade disputes could aggravate economic slowdown. German 10-year bond yields crashed briefly below zero while European shares and the euro fell on Friday after another set of disappointing German economic data added to fears of a global slowdown prompted by this week's dovish turn by the US Fed. Yields in Germany's 10-year government bond turned negative for the first time since October 2016 after data showed German manufacturing contracted for a third straight month in March, compounding worries that unresolved trade disputes are exacerbating a slowdown in Europe's biggest economy. European stocks wiped out early gains, with German shares tumbling 0.6% to hit their lowest in two weeks. Equities in Paris and London FTSE tumbled 0.8%.

Bryan Habana conquers business school, expresses his excitement in French

Bryan Habana is a living example that it's never too late to pursue your dreams.  Habana took to his social media this past week to share pictures of him donning a cape and mortarboard at his graduation from Toulouse Business School in France. READ:  Five tips for landing your first job after graduation In his post, he thanked his wife for standing by him, and he added that he regrets not completing his IT degree from Rand Afrikaans University. "What a journey it's been with @toulousebs and @provalerugby getting back into the books and trying to upskill myself for the life after rugby.

EOH HOLDINGS LIMITED - Appointment of interim chairperson

EOH 201903220057A Appointment of interim chairperson EOH HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/014669/06) JSE share code: EOH ISIN: ZAE000071072 (‘EOH' or ‘the Company') APPOINTMENT OF INTERIM CHAIRPERSON The board of directors of EOH (‘board') has appointed independent non-executive director Jesmane Boggenpoel as interim chairperson, until such time that the board appoints a permanent independent non-executive chairperson. The nominations committee has started the process of interviewing candidates to fill the vacancies on the board. The board composition, after the required appointments, will be in line with the King IV requirements which make provision for a majority of independent non-executive directors, lead independent director and independent chairperson. 22 March 2019 Sponsor Java Capital Date: 22/03/2019 05:05:00 Produced by the JSE SENS Department.

TELKOM SA SOC LIMITED - Change of sponsor

TKG 201903220052A Change of sponsor Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) JSE share code: TKG BITEL ISIN: ZAE000044897 (‘Telkom' or ‘the company') CHANGE OF SPONSOR In accordance with sections 2.2 and 2.6A of the Listings Requirements of the JSE Limited (‘JSE'), shareholders are hereby advised that the company will be rotating the role of The Standard Bank of South Africa Limited as JSE Sponsor, with effect from 30 June 2019. The company has appointed Nedbank Corporate and Investment Banking, a division of Nedbank Limited, as JSE Sponsor, with effect from 1 July 2019. The board of directors wishes to thank The Standard Bank of South Africa Limited for the service provided during its tenure. Centurion 22 March 2019 Sponsor The Standard Bank of South Africa Limited Date: 22/03/2019 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS..

Sewing success story: Khaya Matchegue's budding fashion business

Switch to Afrikaans Khaya Matchegue has turned a personal need for cheap school uniforms into a budding fashion business as Lechero Clothing Khaya grew up in what she  calls ‘the notorious Pienaar, kaMsogwaba area of Nelspruit', where few families could afford school uniforms. ‘The soundtrack of my childhood was my gran's old Empisal knitting machine and my mom's sewing machine, as they kept me and my four brothers and sisters clothed!' Pin this article for later! For more, follow  Good Housekeeping  on Pinterest. When Khaya found herself pregnant in matric and became a teenage mom of twins, the cycle seemed set to repeat itself.

OCEANA GROUP LIMITED - Increase in beneficial holding of Brimstone Investment Corporation Limited

OCE 201903220053A Increase in beneficial holding of Brimstone Investment Corporation Limited Oceana Group Limited (Incorporated in the Republic of South Africa) (Registration Number 1939/001730/06) JSE Share Code: OCE NSX Share Code: OCG ISIN Number: ZAE000025284 (‘Oceana') INCREASE IN BENEFICIAL HOLDING OF BRIMSTONE INVESTMENT CORPORATION LIMITED (‘BRIMSTONE') In accordance with the JSE Limited Listings Requirements and Section 122(1) of the Companies Act, No. 71 of 2008, shareholders are advised of the following: Brimstone has notified Oceana that its beneficial interest in Oceana has increased from 16.98% to 22.88% of the total issued share capital of Oceana. Cape Town 22 March 2019 Sponsor - South Africa: The Standard Bank of South Africa Limited Sponsor - Namibia: Old Mutual Investment Services (Namibia) Proprietary Limited Date: 22/03/2019 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

SA Rugby Legend Bryan Habana Graduates From Business School

! The former Springboks star is proving to be a legend on and off the pitch. Bryan has been based in France for a while now with his family and after a successful career as a rugby player, he went back to school and managed to complete a Diploma in IT from Toulouse Business School in France. Bryan took to Instagram to share his excitement saying though it was not a Degree, he was happy to have pulled through.

Markets LIVE: Brimstone increases stake in Oceana Group

OVERVIEW : European stocks fell with US equity futures and Treasuries rose after miserable data from the German manufacturing sector renewed worries about global growth on Friday. The yield on Germany's 10-year bonds - Europe's benchmark - tumbled below zero. Banks and industrial goods shares led the Stoxx Europe 600 lower after the purchasing managers' data badly missed forecasts.

Sheppard appointed Konkola CEO - Business Day

Business Day on Friday reported that Chris Sheppard had been appointed CEO of Vedanta Resources' Konkola Copper Mines (KCM) subsidiary, in Zambia. Sheppard was the former head of AngloGold Ashanti's South African business. AngloGold's former CEO Srinivasan Venkatakrishnan took over as CEO of Vedanta in September last year. To watch Creamer Media's latest video reports, click here.

Africa Top10 Business News

The Importance of Having Cloud Services in Africa Yousef Khalidi, Microsoft's corporate vice-president of Azure Networking, was in Johannesburg to announce two data centers in the country; while Amazon's chief technology officer, Werner Vogels, was also in town to launch the first so-called "Pop-up Loft" in Africa. This comes ahead of Amazon Web Services (AWS) first datacenter to be opened in Cape Town in the first quarter of 2020. And it's not just the big American companies, Huawei, China's giant telecoms company, is also building out data center in South Africa and announced it had begun offering commercial cloud services this month. Analysts say the Huawei announcement is of strategic significance but is nowhere near the scale of Azure and AWS.

New education ecosystem uses tech to support rural communities

. The Vodacom Foundation in partnership with the Department of Basic Education, Nelson Mandela Foundation, UN Women and Global Citizen, showcased a new education ecosystem at the Divhani Community Crèche and Frank Ravele Secondary School in Vhembe District, Limpopo, on Friday, 22 March 2019. Through the new ecosystem, Vodacom Foundation will define a comprehensive model of support and corporate social investment in local communities by supporting education from childhood to adulthood and leveraging technological innovations to develop the skills that we need now and into the future. The new ecosystem will see Vodacom intensify its support to its already established 12 schools of excellence, identified in partnership with the Department of Basic Education, and the 15 Early Childhood Development (ECD) Centres Vodacom committed to upgrading over a period of three years.

Vedanta Resources appoints new CEO for Zambian unit KCM

LUSAKA, March 22 (Reuters) - Vedanta Resources has appointed Christopher Sheppard as the new chief executive officer for its Zambian unit Konkola Copper Mines Plc (KCM), the local firm said on Friday. Sheppard has 35 years of mining experience and takes over from acting CEO Venkatesan Giridhar, who will now revert to his role as chief financial officer, KCM said in a statement. Sheppard has previously held leadership roles with Anglo American, Anglo American Platinum, Lonmin and Murray & Roberts Cementation.

OCEANA GROUP LIMITED - Increase in beneficial holding of Brimstone Investment Corporation Limited

Wrap Text Increase in beneficial holding of Brimstone Investment Corporation Limited Oceana Group Limited (Incorporated in the Republic of South Africa) (Registration Number 1939/001730/06) JSE Share Code: OCE NSX Share Code: OCG ISIN Number: ZAE000025284 ("Oceana") INCREASE IN BENEFICIAL HOLDING OF BRIMSTONE INVESTMENT CORPORATION LIMITED ("BRIMSTONE") In accordance with the JSE Limited Listings Requirements and Section 122(1) of the Companies Act, No. 71 of 2008, shareholders are advised of the following: Brimstone has notified Oceana that its beneficial interest in Oceana has increased from 16.98% to 22.88% of the total issued share capital of Oceana. Cape Town 22 March 2019 Sponsor - South Africa: The Standard Bank of South Africa Limited Sponsor - Namibia: Old Mutual Investment Services (Namibia) Proprietary Limited Date: 22/03/2019 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix 40 Portfolio - STX40

STX40 201903220044A Rebalancing Of The Satrix 40 Portfolio - STX40 SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX 40 PORTFOLIO JSE code: STX40 ISIN code: ZAE000027108 (‘Satrix 40') A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 Previous New Code Share weight weight AGL Anglo American plc 5.56% 6.05% AMS Anglo American Plat Ltd 0.00% 0.78% ANG Anglogold Ashanti Ltd 1.28% 1.33% APN Aspen Pharmacare Hldgs L 0.87% 0.60% ABG Barclays Africa (ABSA) 1.97% 1.94% BID BID Corporation Ltd 1.53% 1.62% BHP BHP GROUP PLC 11.13% 11.35% BTI British American Tob plc 2.09% 2.44% BVT Bidvest Ltd 1.22% 1.12% CFR Compagnie Fin Richemont 8.30% 8.81% CLS Clicks Group Ltd 0.83% 0.75% CPI Capitec 1.02% 1.14% DSY Discovery 0.94% 0.81% FSR Firstrand 3.61% 3.38% GFI Gold Fields Ltd 0.00% 0.75% GRT Growthpoint Prop Ltd 1.20% 1.16% INL Investec Ltd 0.42% 0.45% INP Investec plc 0.92% 0.98% LHC Life Healthc Grp Hldgs L 0.62% 0.00% MEI Mediclinic Internat Ltd 0.00% 0.00% MCG MultiChoice Group Ltd 0.00% 0.88% MND Mondi Ltd 0.64% 0.67% MNP Mondi plc 1.94% 2.05% MRP Mr Price Group Ltd 1.05% 0.80% MTN MTN Group Ltd 2.71% 2.84% NED NEDCOR 1.93% 1.72% NPN Naspers Ltd -N- 22.07% 22.25% NRP NEPI Rockcastle PLC 0.64% 0.68% NTC Netcare Limited 0.67% 0.62% OMU Old Mutual plc 1.97% 1.74% PSG PSG Group Ltd 0.68% 0.70% RDF Redefine Properties Ltd 0.91% 0.91% RNI Reinet Inv Soc Anon 0.53% 0.00% REM Remgro Ltd 1.75% 1.70% RMH RMB Holdings Ltd 1.03% 0.96% SAP Sappi Ltd 0.77% 0.65% SBK Standard Bank Group Ltd 4.01% 4.05% SHP Shoprite Holdings Ltd 1.55% 1.29% SLM Sanlam 2.36% 2.12% SOL Sasol Limited 4.12% 3.92% SPP The Spar Group Ltd 0.69% 0.62% TBS Tiger Brands Ltd 0.77% 0.77% TFG The Foschini Group Limit 0.66% 0.66% TRU Truworths Int Ltd 0.66% 0.00% VOD Vodacom Group Ltd 1.47% 1.23% WHL Woolworths Holdings Ltd 0.92% 0.72% 100.00% 100.00% REBALANCING OF THE SATRIX 40 PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Top

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix Fini Portfolio - STXFIN

Wrap Text Rebalancing Of The Satrix Fini Portfolio - STXFIN SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX FINI PORTFOLIO JSE code: STXFIN ISIN code: ZAE000036356 ("Satrix Fini" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX FINI PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Fini has resulted in a rebalancing of the Satrix Fini Portfolio. There have been changes to the Satrix Fini constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight ABG Barclays Africa (ABSA) 8.14% 8.32% CPI Capitec 4.21% 4.91% DSY Discovery 3.91% 3.48% FSR Firstrand 14.95% 14.49% GRT Growthpoint Prop Ltd 4.97% 4.97% INL Investec Ltd 1.75% 1.94% INP Investec plc 3.82% 4.19% NED NEDCOR 7.98% 7.36% NRP NEPI Rockcastle PLC 2.67% 2.93% OMU Old Mutual Limited 8.18% 7.46% PSG PSG Group Ltd 2.80% 2.98% RDF Redefine Properties Ltd 3.75% 3.89% RNI Reinet Inv Soc Anon 2.20% 2.49% RMH RMB Holdings Ltd 4.28% 4.12% SBK Standard Bank Group Ltd 16.63% 17.37% SLM Sanlam 9.78% 9.10% 100.02% 100.00% These changes were applied after the close of business on Friday, 15 March 2019 and are effective from Monday, 18 March 2019. Sandton 22 March 2019 Sponsor Vunani Corporate Finance Date: 22/03/2019 01:30:00 Produced by the JSE SENS Department. The SENS service is

Prospects brighten for MTN in South Sudan

MTN Group's South Sudan unit said it's investing at least US$30-million (R430-million) in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country. Reviving transmission sites, upgrading to 3G and adding new coverage — they're all planned by MTN South Sudan, one of the two remaining mobile phone operators in the country. After a period of cutbacks for the unit, the expansion is a sign of confidence in the East African nation roiled by violence and economic chaos whose warring sides signed a peace accord in September.

MTN South Sudan gets boost as hopes rise that war is ending

MTN Group Ltd.'s South Sudan unit said it's investing at least $30 million in revitalizing and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country. Reviving transmission sites, upgrading to 3G and adding new coverage — they're all planned by MTN South Sudan, one of the two remaining mobile-phone operators in the country. After a period of cutbacks for the unit, the expansion is a sign of confidence in the East African nation roiled by violence and economic chaos whose warring sides signed a peace accord in September. "Given the peace process and the implementation of it, there is relative stability in the country," Khumbulani Dhlomo, MTN's local head of corporate services, said in an interview. "To add to that, the government has undertaken to support us in providing security escorts when we do our network restoration and expansion." South Sudan's conflict has claimed an estimated 380,000 lives and sparked a regional refugee crisis since it erupted in December 2013.

Jubilee set to acquire Sable Zinc refinery

Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. The company secured a combination of debt and equity financing to fully complete the transaction, as well as the project capital required to deliver the Kabwe project. Jubilee executed the acquisition of Sable Zinc from two subsidiaries of Glencore for a consideration of $12-million, or R175.97-million. The company successfully completed a placing of about 491-million new Jubilee shares at an issue price of 53.98c to raise R212.57-million, before expenses. Further, through its wholly owned Mauritian subsidiary Braemore Holdings, Jubilee successfully secured debt funding of $8-million, or R117.31-million, from ACAM, an affiliate of two sophisticated investors based in London and New York. The loan funding is secured over Jubilee's Zambian assets, bears interest at 12% a year and is repayable in full 36 months from the date of execution of the funding agreement. The Sable project targets an initial processing rate of 20 t/h, producing a zinc concentrate and vanadium pentoxide, before ramping up to a targeted rate of 40 t/h, producing zinc metal, vanadium pentoxide and a lead concentrate. It should produce in excess of 8 000 t/y of zinc, 1 500 t/y of vanadium and 15 000 t/y of lead as it ramps up to full capacity over a two-year period. Jubilee has already secured Zambian Ministerial approval for the transaction.

Eskom: Not knowing what the problem is IS the problem

Editor's note: Editor's note: The opinions in this article are the author's, as published by our content partner, and do not represent the views of MSN or Microsoft. Eskom has hit a brick wall and, by all accounts, no one in any position of authority can tell us why or how this has happened. Minister Pravin Gordhan publicly stated that "we" do not know what the problem is, but please be patient while someone figures it out.

EOH appoints interim board chairperson

EOH [ JSE:EOH ] has appointed non-executive director Jesmane Boggenpoel as interim board chairperson as the search for a permanent chairperson continues. The IT service company made the announcement in a notice to shareholders issued on Friday evening, shortly after markets closed. EOH shares, which opened at R14.36 per share on Friday morning, ended the day at R14.06.

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix Indi Portfolio - STXIND

Wrap Text Rebalancing Of The Satrix Indi Portfolio - STXIND SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX INDI PORTFOLIO JSE code: STXIND ISIN code: ZAE000036364 ("Satrix Indi" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX INDI PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Capped INDUSTRIAL 25 has resulted in a rebalancing of the Satrix Indi ETF Portfolio. There have been changes to the Satrix Indi constituents and the constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight ANH Anheuser-Busch InBev SA 0.63% 0.68% APN Aspen Pharmacare Hldgs L 1.95% 1.37% AVI AVI Ltd 1.38% 1.13% BAW Barloworld Ltd 0.99% 1.00% BID BID Corporation Ltd 3.44% 3.68% BTI British American Tob plc 4.70% 5.56% BVT Bidvest Ltd 2.75% 2.55% CFR Compagnie Fin Richemont 18.69% 20.06% CLS Clicks Group Ltd 1.87% 1.70% LHC Life Healthc Grp Hldgs L 1.40% 1.42% MCG MultiChoice Group Ltd 0.00% 2.01% MEI Mediclinic Internat Ltd 0.85% 0.84% MRP Mr Price Group Ltd 2.38% 1.82% MTH Motus Holdings Ltd 0.55% 0.00% MTN MTN Group Ltd 6.10% 6.46% NPN Naspers Ltd -N- 30.77% 30.41% NTC Netcare Limited 1.51% 1.40% PIK Pick n Pay Stores Ltd 0.96% 0.88% REM Remgro Ltd 3.94% 3.86% SHP Shoprite Holdings Ltd 3.49% 2.94% SPP The Spar Group Ltd 1.56% 1.42% TBS Tiger Brands Ltd 1.74%

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of the Satrix Swix Top 40 Portfolio - STXSWX

STXSWX 201903220041A Rebalancing Of the Satrix Swix Top 40 Portfolio - STXSWX SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX SWIX TOP 40 PORTFOLIO JSE code: STXSWX ISIN code: ZAE000078580 (‘Satrix Swix Top 40' or the ‘ETF') A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 Rebalancing Of the Satrix Swix Top 40 Portfolio Notice is hereby given that the quarterly review of the FTSE/JSE Swix Top 40 Index has resulted in a rebalancing of the Satrix Swix Top 40 Portfolio. There have been changes to the Satrix Swix Top 40 constituents and the constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight AGL Anglo American plc 3.79% 4.17% AMS Anglo American Plat Ltd 0.00% 1.01% ANG Anglogold Ashanti Ltd 0.00% 0.96% APN Aspen Pharmacare Hldgs L 1.11% 0.78% ABG Barclays Africa (ABSA) 2.51% 2.51% AVI AVI Ltd 0.78% 0.00% BID BID Corporation Ltd 1.95% 2.09% BHP BHP GROUP PLC 2.26% 2.33% BTI British American Tob plc 2.66% 3.16% BVT Bidvest Ltd 1.56% 1.45% CFR Compagnie Fin Richemont 1.74% 1.87% CLS Clicks Group Ltd 1.06% 0.97% CPI Capitec 1.30% 1.48% DSY Discovery 1.21% 1.05% FSR Firstrand 4.61% 4.36% GRT Growthpoint Prop Ltd 1.53% 1.50% INL Investec Ltd 0.54% 0.58% INP Investec plc 0.64% 0.69% IPL Imperial Holdings Ltd 0.00% 0.00% LHC Life Healthc Grp Hldgs L 0.79% 0.81% MCG MultiChoice Group Ltd 0.00% 1.14% MEI Mediclinic Internat Ltd 0.00% 0.00% MND Mondi Ltd 0.82% 0.86% MNP Mondi plc 0.63% 0.79% MRP Mr Price Group Ltd 1.35% 1.03% MTH Motus Holdings Ltd 0.00% 0.00% MTN MTN Group Ltd 3.46% 3.66% NED NEDCOR 2.46% 2.22% NRP NEPI Rockcastle PLC 0.82% 0.88% NPN Naspers Ltd -N- 28.17% 28.74% NTC Netcare Limited 0.86% 0.80% OMU Old Mutual plc 2.18% 1.95% PSG PSG Group Ltd 0.86% 0.90% RDF Redefine Properties Ltd 1.16% 1.17% RNI Reinet Inv Soc Anon 0.68% 0.00% REM Remgro Ltd 2.23% 2.19% RMH RMB Holdings

EOH HOLDINGS LIMITED - Appointment of interim chairperson

Wrap Text Appointment of interim chairperson EOH HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/014669/06) JSE share code: EOH ISIN: ZAE000071072 ("EOH" or "the Company") APPOINTMENT OF INTERIM CHAIRPERSON The board of directors of EOH ("board") has appointed independent non-executive director Jesmane Boggenpoel as interim chairperson, until such time that the board appoints a permanent independent non-executive chairperson. The nominations committee has started the process of interviewing candidates to fill the vacancies on the board. The board composition, after the required appointments, will be in line with the King IV requirements which make provision for a majority of independent non-executive directors, lead independent director and independent chairperson. 22 March 2019 Sponsor Java Capital Date: 22/03/2019 05:05:00 Produced by the JSE SENS Department.

Ramaphosas investment drive paying off

JOHANNESBURG President Cyril Ramaphosas investment drive has gathered momentum with the latest Quarterly Bulletin from the South African Reserve Bank (Sarb) indicating that inflows more than doubled in 2018.The Sarb said on Wednesday that inward direct investment had increased to R70.7billion in 2018 from only R26.8bn in 2017.Inflows surged despite direct investment liabilities reverting to an outflow of R8.2bn in the fourth quarter from an inflow of R28.7bn in the third quarter of 2018 because of the repayment of shortterm loans by the South African subsidiaries to foreign parent companies.Last year Ramaphosa launched the campaign to raise $100bn (R1.42trillion) in investments in the next five years in an effort to kickstart the countrys ailing economy.Ramaphosa received pledges from local and international business leaders at the inaugural Presidential Investment Summit in October.The pledges included R71.5bn from mining and metals group Anglo American towards sustaining its local operations. Auto manufacturer MercedesBenz pledged to invest R10bn. Naspers said it would put R6bn into the local economy and drug maker Aspen Pharmacare said it would invest an additional R3.4bn in its Port Elizabeth plant.Ramaphosa also led a presidential jobs summit at which the government labour and business pledged to create 275000 jobs through various agreements in a bid to address the countrys 27percent unemployment rate.On Wednesday the Sarb said that real economic activity increased at a slower pace in the fourth quarter of 2018 with real gross domestic product (GDP) growth moderating to 0.8percent in 2018 from a revised 1.4percent in 2017 following two consecutive quarters of contraction in the first half of 2018 and an increase of 1.5percent in the last two quarters of the year.The slowdown in 2018 mainly reflected a contraction in real economic activity in the primary sector.By contrast the real output of the secondary sector increased slightly following a small contraction in 2017 while growth in

How the Rovuma natural gas project could transform Mozambique

Standard Bank has made public the findings of an independent macroeconomic study demonstrating the potential for the first phase of Area 4's Rovuma liquefied natural gas (LNG) project to transform Mozambique. Once developed, the 15.2 million tonnes per annum project, expected to attract between $27 billion and $32 billion in investment, will monetise 2.6 billion cubic feet per day of Mozambique's offshore LNG resources, add $15 billion to $18 billion per annum to Mozambique's gross domestic product (GDP), and drive Mozambique towards being, in time, the world's fourth-largest producer of LNG. "The first phase of Rovuma LNG has the potential to transform the Mozambican economy and turn the province of Cabo Delgado into one of the world's fastest growing regions, with every prospect of developing supporting industrial and agricultural value chains," says Dele Kuti, head of oil and gas for Standard Bank Group.

TELKOM SA SOC LIMITED - Change of sponsor

Wrap Text Change of sponsor Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) JSE share code: TKG BITEL ISIN: ZAE000044897 ("Telkom" or "the company") CHANGE OF SPONSOR In accordance with sections 2.2 and 2.6A of the Listings Requirements of the JSE Limited ("JSE"), shareholders are hereby advised that the company will be rotating the role of The Standard Bank of South Africa Limited as JSE Sponsor, with effect from 30 June 2019. The company has appointed Nedbank Corporate and Investment Banking, a division of Nedbank Limited, as JSE Sponsor, with effect from 1 July 2019. The board of directors wishes to thank The Standard Bank of South Africa Limited for the service provided during its tenure. Centurion 22 March 2019 Sponsor The Standard Bank of South Africa Limited Date: 22/03/2019 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

METALS-Gloomy European data dents copper

(Updates throughout, moves dateline from SINGAPORE) By Peter Hobson LONDON, March 22 (Reuters) - Copper prices fell on Friday as weak European factory data spread gloom about the global economic outlook and strengthened the dollar. Benchmark copper on the London Metal Exchange (LME) was down 0.6 percent at $6,383.50 a tonne by 1147 GMT, slipping from an eight-month high of $6,555.50 in the previous session. It was set to end to week down 0.8 percent.

Several Mining Houses Assisted in Obtaining Historic Secondary Strike Interdict

By Johan Olivier & Lizle Louw Webber Wentzel's employment team recently received instructions from several mining houses to assist with secondary strike interdicts. During the initial stages of this matter, Webber Wentzel received instructions from 13 mining houses. However, after strike notices were withdrawn at 7 of these, we assisted the remaining 6 mining houses with strike interdict proceedings in the Labour Court. Johan Olivier and Lizle Louw, appeared and argued in the Labour Court proceedings on behalf of 5 out of the 6 mining houses that Webber Wentzel acted for.

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix Resi Portfolio - STXRES

Wrap Text Rebalancing Of The Satrix Resi Portfolio - STXRES SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX RESI PORTFOLIO JSE code: STXRES ISIN code: ZAE000078622 ("Satrix Resi" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX RESI PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Resi Index has resulted in a rebalancing of the Satrix Resi ETF Portfolio. There have been changes to the Satrix Resi constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight AGL Anglo American plc 23.33% 24.02% AMS Anglo American Plat Ltd 2.46% 3.10% ANG Anglogold Ashanti Ltd 5.38% 5.28% BHP BHP GROUP PLC 30.40% 30.20% EXX Exxaro Resources Ltd 2.51% 2.65% GFI Gold Fields Ltd 2.82% 2.98% GLN Glencore plc 1.82% 0.00% IMP Impala Platinum Hlgs Ltd 0.00% 2.85% MND Mondi Ltd 2.69% 2.64% MNP Mondi plc 8.12% 8.14% SAP Sappi Ltd 3.22% 2.57% SOL Sasol Limited 17.26% 15.57% 100.00% 100.00% The following constituents have been added to the Satrix RESI: Previous New Code Share weight weight IMP Impala Platinum Hlgs Ltd 0.00% 2.85% The following constituents have been removed from the Satrix RESI: Previous New Code Share weight weight G

Ramaphosa's investment drive paying off

President Cyril Ramaphosa's investment drive has gathered momentum. Photo: Siyabulela Dludla/GCIS JOHANNESBURG - President Cyril Ramaphosa's investment drive has gathered momentum, with the latest Quarterly Bulletin from the South African Reserve Bank (Sarb) indicating that inflows more than doubled in 2018. The Sarb said on Wednesday that inward direct investment had increased to R70.7billion in 2018 from only R26.8bn in 2017.

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix Dividend Plus Portfolio - STXDIV

Wrap Text Rebalancing Of The Satrix Dividend Plus Portfolio - STXDIV SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX DIVIDEND PLUS PORTFOLIO JSE code: STXDIV ISIN code: ZAE000102018 ("Satrix Dividend Plus") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX DIVIDEND PLUS PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Dividend Plus Index has resulted in a rebalancing of the Satrix Dividend Plus Portfolio. There have been changes to the Satrix Dividend Plus constituents and the weightings of such constituents. The complete list of current constituents and their respective weightings have been included in the table below: Previou s New Code Share weight weight AGL Anglo American plc 3.40% 2.04% AVI AVI Ltd 2.52% 3.02% ARI African Rainbow Min Ltd 4.13% 5.21% BAW Barloworld Ltd 2.43% 2.46% ABG Barclays Africa (ABSA) 5.25% 4.08% BHP BHP GROUP PLC 3.58% 6.34% BTI British American Tob plc 2.33% 3.96% CML Coronation 3.78% 0.00% EXX Exxaro Resources Ltd 3.22% 3.74% FSR Firstrand 2.64% 2.93% GLN Glencore plc 2.90% 3.05% IPL Imperial Holdings Ltd 1.15% 2.55% KIO Kumba Iron Ore Ltd 3.87% 3.88% LBH Liberty 4.67% 4.30% LHC Life Healthc Grp Hldgs L 2.34% 2.40% MND Mondi Ltd 1.42% 2.34% MTN MTN Group Ltd 6.34% 3.71% NED NEDCOR 4.20% 3.38% OMU Old Mutual Limited

Sheppard appointed Konkola CEO - Business Day

Business Day on Friday reported that Chris Sheppard had been appointed CEO of Vedanta Resources' Konkola Copper Mines (KCM) subsidiary, in Zambia. Sheppard was the former head of AngloGold Ashanti's South African business. AngloGold's former CEO Srinivasan Venkatakrishnan took over as CEO of Vedanta in September last year. To watch Creamer Media's latest video reports, click here.

What you didn't see on camera at the SAFTAs

Sending an arts journalist on a story that requires gossip and spicy titbits can be a challenge for the person concerned. Phumlani S Langa navigates his way around the SA Film and Television Awards. Last weekend it was the 13th annual SA Film and Television Awards (Saftas) at Sun City. A time when actors, camera operators, writers and directors are let loose for a weekend of hellish hangovers in a resort that makes sinning simple. After a sweltering drive, my photographer and I pull up to The Cascades Hotel drenched in sweat and are told check-in is still an hour away. Once we do check in, we're told that we'll be sharing a room and, as much as I respect the homie, that sucked.

SA U-23 SIDE READY TO PUNCH HOLES IN ANGOLA

CAPE Town City star Gift Links is hoping to make a big impression with the South Africa national Under-23 team. The 20-year-old is part of David Notoane's 23-man squad that will take on Angola in the first leg, first round 2019 Caf U-23 Africa Cup of Nations (Afcon) qualifier. The game takes place at the Estádio 11 de November in Luanda, Angola this afternoon at 5pm (SA time).

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrixmmt Portfolio - STXMMT

STXMMT 201903220037A Rebalancing Of The Satrixmmt Portfolio - STXMMT SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX MOMENTUM PORTFOLIO JSE Code: STXMMT ISIN: ZAE000264008 (‘SATRIXMMT' or ‘STXQMMT') A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIXMMT PORTFOLIO Notice is hereby given that the quarterly review of the proprietary Satrix Momentum Index has resulted in a rebalancing of the SATRIXMMT ETF Portfolio. There have been changes to the SATRIXMMT constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previo us Code Share weight New weight AGL Anglo American plc 0.00% 0.97% AMS Anglo American Plat Ltd 0.00% 3.97% ANG Anglogold Ashanti Ltd 0.00% 3.82% ANH Anheuser-Busch InBev SA 0.00% 0.44% ARI African Rainbow Min Ltd 0.00% 3.42% ASR Assore Ltd 0.00% 0.81% AVI AVI Ltd 0.00% 1.09% BHP BHP GROUP PLC 0.00% 1.32% BID BID Corporation Ltd 0.00% 4.82% BTI British American Tob plc 0.00% 3.03% BVT Bidvest Ltd 0.00% 4.09% CFR Compagnie Fin Richemont 0.00% 4.30% CLS Clicks Group Ltd 0.00% 3.50% CPI Capitec 0.00% 4.42% DSY Discovery 0.00% 2.49% EXX Exxaro Resources Ltd 0.00% 2.61% FSR Firstrand 0.00% 6.63% IMP Impala Platinum Hlgs Ltd 0.00% 3.64% INL Investec Ltd 0.00% 1.16% INP Investec plc 0.00% 1.11% JSE JSE Ltd 0.00% 1.20% KIO Kumba Iron Ore Ltd 0.00% 0.76% KST PSG Konsult Limited 0.00% 0.21% MCG MultiChoice Group Ltd 0.00% 0.32% MRP Mr Price Group Ltd 0.00% 2.99% MTH Motus Holdings Ltd 0.00% 0.69% MTN MTN Group Ltd 0.00% 2.92% NPN Naspers Ltd -N- 0.00% 8.13% NTC Netcare Limited 0.00% 0.68% OMU Old Mutual Limited 0.00% 0.88% PSG PSG Group Ltd 0.00% 2.61% RLO Reunert Ltd 0.00% 1.05% RMH RMB Holdings Ltd 0.00% 1.64% SBK STANDARD 0.00% 6.40% SLM Sanlam 0.00% 3.39% SNT Santam 0.00% 0.78% SOL Sasol Limited 0.00% 1.77% SPG Super Group Ltd 0.00% 1.11% TFG The Foschini Group Limit 0.00% 1.57% TKG Telkom S

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of the Satrix Swix Top 40 Portfolio - STXSWX

Wrap Text Rebalancing Of the Satrix Swix Top 40 Portfolio - STXSWX SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX SWIX TOP 40 PORTFOLIO JSE code: STXSWX ISIN code: ZAE000078580 ("Satrix Swix Top 40" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 Rebalancing Of the Satrix Swix Top 40 Portfolio Notice is hereby given that the quarterly review of the FTSE/JSE Swix Top 40 Index has resulted in a rebalancing of the Satrix Swix Top 40 Portfolio. There have been changes to the Satrix Swix Top 40 constituents and the constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight AGL Anglo American plc 3.79% 4.17% AMS Anglo American Plat Ltd 0.00% 1.01% ANG Anglogold Ashanti Ltd 0.00% 0.96% APN Aspen Pharmacare Hldgs L 1.11% 0.78% ABG Barclays Africa (ABSA) 2.51% 2.51% AVI AVI Ltd 0.78% 0.00% BID BID Corporation Ltd 1.95% 2.09% BHP BHP GROUP PLC 2.26% 2.33% BTI British American Tob plc 2.66% 3.16% BVT Bidvest Ltd 1.56% 1.45% CFR Compagnie Fin Richemont 1.74% 1.87% CLS Clicks Group Ltd 1.06% 0.97% CPI Capitec 1.30% 1.48% DSY Discovery 1.21% 1.05% FSR Firstrand 4.61% 4.36% GRT Growthpoint Prop Ltd 1.53% 1.50% INL Investec Ltd 0.54% 0.58% INP Investec plc 0.64% 0.69% IPL Imperial Holdings Ltd 0.00% 0.00% LHC Life Healthc Grp Hldgs L 0.79% 0.81% MCG MultiChoice Group Ltd 0.00% 1.14% MEI Mediclinic Internat Ltd

The Creative Circle announces Overall Rankings and Annual Award 2018 winners

The Creative Circle has just announced its Overall Rankings and Annual Award 2018 winners. The Creative Circle Overall Rankings are the cumulative results from all the Creative Circle endorsed global and local award shows throughout 2018. These include The One Show, D&AD, Cannes International Festival of Creativity, The Loeries and the Creative Circle Annual Awards.

Empowering junior miners with tech solutions

Information from Lesika La Batho has signed partnership and software distribution rights agreements with Maptek and VersaDev Software Solutions in January 2019. The agreements incorporate training and skill development for the local Lesika team on leading technologies as well as software distribution rights to supply junior and emerging mines their technology at cost. To date Lesika, as an SMME, has provided mining technology services to Seriti and South32 Coal, and is looking to empower more junior miners as part of their digital transformation journey and to bring more tech savvy graduates to join Lesika.

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix Rafi 40 Portfolio - STXRAF

STXRAF 201903220042A Rebalancing Of The Satrix Rafi 40 Portfolio - STXRAF SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX RAFI PORTFOLIO JSE code: STXRAF ISIN code: ZAE000126033 (‘Satrix Rafi 40' or the ‘ETF') A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX RAFI 40 PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Rafi 40 Index has resulted in a rebalancing of the Satrix Rafi 40 Portfolio. There have been changes to the Satrix Rafi 40 constituents and constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight AGL Anglo American plc 7.59% 7.14% ANG Anglogold Ashanti Ltd 2.60% 1.30% APN Aspen Pharmacare Hldgs L 0.54% 0.75% BAW Barloworld Ltd 0.90% 0.88% ABG Barclays Africa (ABSA) 3.66% 4.36% BID BID Corporation Ltd 1.62% 1.70% BHP BHP GROUP PLC 10.22% 10.12% BTI British American Tob plc 1.36% 3.36% BVT Bidvest Ltd 0.96% 1.18% CFR Compagnie Fin Richemont 7.03% 7.30% EXX Exxaro Resources Ltd 0.84% 0.00% FSR Firstrand 3.35% 3.49% GFI Gold Fields Ltd 1.93% 1.63% GRT Growthpoint Prop Ltd 1.25% 1.41% GLN Glencore plc 0.96% 1.27% IMP Impala Platinum Hlgs Ltd 1.31% 0.98% INL Investec Ltd 0.66% 0.74% INP Investec plc 1.51% 1.81% IPL Imperial Holdings Ltd 0.44% 0.00% ITU INTU PROPERTIES PLC 0.87% 1.11% LHC Life Healthc Grp Hldgs L 0.00% 0.76% MND Mondi Ltd 0.00% 0.77% MNP Mondi plc 2.32% 2.43% MTH Motus Holdings Ltd 0.58% 0.00% MTN MTN Group Ltd 4.93% 6.05% NED NEDCOR 3.24% 2.73% NPN Naspers Ltd -N- 3.46% 4.60% NTC Netcare Limited 0.89% 0.90% OMU Old Mutual plc 4.16% 1.84% QLT Quilter Plc 1.28% 0.97% RDF Redefine Properties Ltd 0.91% 1.01% REM Remgro Ltd 1.34% 1.49% SAP Sappi Ltd 1.41% 1.28% SBK Standard Bank Group Ltd 5.53% 6.01% SGL Sibanye Gold Limited 0.62% 0.91% SHP Shoprite Holdings Ltd 1.33% 1.82% SLM Sanlam 2.25% 2.35% SNH Steinhoff In

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrixmmt Portfolio - STXMMT

Wrap Text Rebalancing Of The Satrixmmt Portfolio - STXMMT SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX MOMENTUM PORTFOLIO JSE Code: STXMMT ISIN: ZAE000264008 ("SATRIXMMT" or "STXQMMT") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIXMMT PORTFOLIO Notice is hereby given that the quarterly review of the proprietary Satrix Momentum Index has resulted in a rebalancing of the SATRIXMMT ETF Portfolio. There have been changes to the SATRIXMMT constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previo us Code Share weight New weight AGL Anglo American plc 0.00% 0.97% AMS Anglo American Plat Ltd 0.00% 3.97% ANG Anglogold Ashanti Ltd 0.00% 3.82% ANH Anheuser-Busch InBev SA 0.00% 0.44% ARI African Rainbow Min Ltd 0.00% 3.42% ASR Assore Ltd 0.00% 0.81% AVI AVI Ltd 0.00% 1.09% BHP BHP GROUP PLC 0.00% 1.32% BID BID Corporation Ltd 0.00% 4.82% BTI British American Tob plc 0.00% 3.03% BVT Bidvest Ltd 0.00% 4.09% CFR Compagnie Fin Richemont 0.00% 4.30% CLS Clicks Group Ltd 0.00% 3.50% CPI Capitec 0.00% 4.42% DSY Discovery 0.00% 2.49% EXX Exxaro Resources Ltd 0.00% 2.61% FSR Firstrand 0.00% 6.63% IMP Impala Platinum Hlgs Ltd 0.00% 3.64% INL Investec Ltd 0.00% 1.16% INP Investec plc 0.00

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing Of The Satrix Rafi 40 Portfolio - STXRAF

Wrap Text Rebalancing Of The Satrix Rafi 40 Portfolio - STXRAF SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX RAFI PORTFOLIO JSE code: STXRAF ISIN code: ZAE000126033 ("Satrix Rafi 40" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX RAFI 40 PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Rafi 40 Index has resulted in a rebalancing of the Satrix Rafi 40 Portfolio. There have been changes to the Satrix Rafi 40 constituents and constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight AGL Anglo American plc 7.59% 7.14% ANG Anglogold Ashanti Ltd 2.60% 1.30% APN Aspen Pharmacare Hldgs L 0.54% 0.75% BAW Barloworld Ltd 0.90% 0.88% ABG Barclays Africa (ABSA) 3.66% 4.36% BID BID Corporation Ltd 1.62% 1.70% BHP BHP GROUP PLC 10.22% 10.12% BTI British American Tob plc 1.36% 3.36% BVT Bidvest Ltd 0.96% 1.18% CFR Compagnie Fin Richemont 7.03% 7.30% EXX Exxaro Resources Ltd 0.84% 0.00% FSR Firstrand 3.35% 3.49% GFI Gold Fields Ltd 1.93% 1.63% GRT Growthpoint Prop Ltd 1.25% 1.41% GLN Glencore plc 0.96% 1.27% IMP Impala Platinum Hlgs Ltd 1.31% 0.98% INL Investec Ltd 0.66% 0.74% INP Investec plc 1.51% 1.81% IPL Imperial Holdings Ltd 0.44% 0.00% ITU INTU PROPERTIES PLC 0.87% 1.11% LHC Life Healthc Grp Hldgs L 0.00% 0.76% MND Mondi Ltd 0.00% 0.77% MNP Mondi pl

Prospects brighten for MTN in South Sudan

MTN Group's South Sudan unit said it's investing at least US$30-million (R430-million) in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country. Reviving transmission sites, upgrading to 3G and adding new coverage — they're all planned by MTN South Sudan, one of the two remaining mobile phone operators in the country. After a period of cutbacks for the unit, the expansion is a sign of confidence in the East African nation roiled by violence and economic chaos whose warring sides signed a peace accord in September.

SATRIX COLLECTIVE INVESTMENT SCHEME - Rebalancing of the Satrix Property Portfolio

Wrap Text Rebalancing of the Satrix Property Portfolio SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX PROPERTY PORTFOLIO JSE Code: STXPRO ISIN: ZAE000240131 ("Satrix Prop" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX PROPERTY PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Prop Index has resulted in a rebalancing of the Satrix Prop ETF Portfolio. There have been changes to the Satrix Prop constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight ATT Attacq Limited 3.93% 3.85% AWA Arrowhead Properties A 1.38% 1.43% CCO Capital&Counties Prop pl 4.97% 5.50% CRP Capital & Regional Plc 0.11% 0.11% DLT Delta Property Fund Ltd 0.83% 0.29% EMI Emira Property Fund Ltd 2.24% 2.10% EPP Echo Polska Prop N.V. 2.10% 2.41% EQU Equites Prop Fund Ltd 3.19% 3.46% FFA Fortress Inc Fund Ltd A 7.34% 7.91% FFB Fortress Inc Fund Ltd B 4.64% 3.86% GRT Growthpoint Prop Ltd 10.10% 9.82% HMN Hammerson plc 2.06% 2.52% HYP Hyprop Inv Ltd 7.46% 6.84% ITU INTU PROPERTIES PLC 6.40% 6.24% MSP MAS Real Estate Inc. 2.94% 3.06% NRP NEPI Rockcastle PLC 10.03% 9.93% OCT Octodec Invest Ltd 1.04% 1.10% RDF Redefine Properties Ltd 10.16% 10.00% REB Rebosis Property Fund Lt 0.56% 0.33% RES Resilient Prop Inc Fund 6.70% 6.93% RPL Redefine International P 1.

Baby's reaction after daddy cuts his dreadlocks will melt your heart

A baby's reaction to seeing his father in a different light has become a viral sensation in the online community. The adorable youngster appears to have been in total disapproval of his father cutting off his dreadlocks. PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly.co.za News on your News Feed! Popular Nigerian comedian, Ayo Makun, also happens to be among those who shared the viral video on his social media page.

Business Day TV: Stock pick — The Spar Group

Imtiaz Suliman from Sentio Capital chose The Spar Group as his stock pick of the day. "Although it is in the retail sector and we are in a tough environment, Spar is a very nimble operator in this environment. They have the benefit of the franchisees driving that model very hard because it is their bread and butter and Spar is basically just a distributor of these franchisees," said Suliman. "The group also has the benefit of its offshore operations in Ireland and Switzerland. Ireland is benefiting from a very strong economy and they are growing much faster than emerging markets.

5 things you need to know in SA business today and 14 things you're doing that make people instantly dislike you

1. After a hard week of electricity rationing, Eskom plans to implement Stage 2 rather than Stage 4 load shedding  all Friday. Then again, nobody seems to have a grip on what is going on at the utility and President Cyril Ramaphosa has started likening the struggle against blackouts to the (multi-decade) struggle against Apartheid , so trusting that things will continue to get better would be naive.

Business Day TV: Stock pick — The Spar Group

Imtiaz Suliman from Sentio Capital chose The Spar Group as his stock pick of the day. "Although it is in the retail sector and we are in a tough environment, Spar is a very nimble operator in this environment. They have the benefit of the franchisees driving that model very hard because it is their bread and butter and Spar is basically just a distributor of these franchisees," said Suliman. "The group also has the benefit of its offshore operations in Ireland and Switzerland. Ireland is benefiting from a very strong economy and they are growing much faster than emerging markets.

Don't conduct business with Model Insurance, ombud warns

Company has been found to have acted illegally before by issuing fraudulent policies, taking premiums and never paying out claims. The Ombud for Financial Services Providers (FAIS ombud) has ruled against Model Insurance Company, compelling it to pay R97,776 to a complainant whose car insurance claim was rejected unlawfully. This is not the first time Model Insurance has made headlines.

Exxaro to cut ties with Group Five; 740 contract workers at risk

Exxaro announced on Friday that the construction of a new small coal plant at its Grootegeluk mine in Limpopo would be delayed after it terminated its agreement with Group Five Projects, a subsidiary of Group Five Construction. It said that more than 740 contract workers will be impacted by the decision. "Barring unforeseen incidents, the Group 5 Projects scope was due to be completed at the end of May 2019.

Enterprise, CME to hold second electronic auction of U.S. crude for export

NEW YORK, March 20 (Reuters) - Enterprise Products Partners LP said on Wednesday it would team up with exchange operator CME Group to conduct a second electronic auction within about a month for crude exports. Enterprise said bids for West Texas Intermediate (WTI) light sweet crude oil produced in the Permian basin will be accepted during the auction on April 4, 2019. The cargo will be exported from Enterprise's Houston terminal.

A first step towards justice for South African pensioners

Editor's note: The opinions in this article are the author's, as published by our content partner, and do not represent the views of MSN or Microsoft. Between 2007 and 2013, more than 6,000 pension funds in South Africa were cancelled in a process littered with errors and oversights. Today, Open Secrets has written to five of the country's largest pension fund administrators to demand swift action to reinstate pension funds that have been incorrectly cancelled.

Deloitte under fire — sort of

One of the problems Irba could have in disciplining Deloitte is that most of the fraud happened in Steinhoff Europe — which was audited by a German company. But did Deloitte assess that work properly?.

CT business owners feeling the pinch of daily load shedding

As load shedding becomes a daily occurrence, several business owners in the area say that it is having a negative effect on their business. | CAPE TOWN - Claremont business owners are pleading with the government to put them out of their misery and resolve the Eskom power crisis.As load shedding becomes a daily occurrence, several business owners in the area say that it is having a negative effect on their business.For more than two hours, Claremont stood still. At Cavendish Square Mall, stores and restaurants closed, unable to trade when the power is cut. Employees cashed up and are sent home after 4pm.

GLOBAL MARKETS-Dovish Fed shift lifts Asian shares, dollar nurses losses

* MSCI Asia ex-Japan +0.4 pct * Dollar steadies after falling on Fed comments * U.S. Treasury yields fall, 10Y at 2.5245 pct * Asian stock markets: tmsnrt.rs/2zpUAr4 By Andrew Galbraith SHANGHAI, March 21 (Reuters) - Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to limit gains.

Business Boeing's stock continues to dwindle as flight data from Ethiopian Airlines shows similarity with Indonesia crash

, as thousands walked the streets of Ethiopia for a funeral of the victims of the crashed Ethiopian Airlines, information from the analysis of the black boxes recovered from the crashed plane were also disclosed. Dagmawit Moges, Ethiopia's transport minister told the press that the plane's flight data recorder shows a similarity with crashed Indonesian Lion Air of last October. "During the investigation of the FDR [flight data recorder], clear similarities were noted between Ethiopian Airlines Flight 302 and Indonesian Lion Air Flight 610, which will be the subject of further investigation," Moges said.

The 9 beauty essentials you need in your handbag

You never know what could happen in a day. Whether you're running errands between meetings or frantically running to meetings between family events and commitments, there's no denying that you're trying to fit 24 hours into 12 hours on a daily basis. You need to be prepared for anything, and so does your handbag.

How does geopolotics translate into emerging markets?

Trade spats cause uncertainty, driving away sentiments from certain markets. With a global rise in nationalism and populism, these translated into policies that rebuff multilateralism, espousing each man for himself culture, with the US under President Donald Trump serving as a good example of this. This isn't just confined to the borders of the US, but are also increasing in European countries.

PRESS DIGEST- British Business - March 21

March 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Australian copper group Aeris Resources is in talks to buy a mine from Glencore Plc for $575 million, as the commodities giant seeks to raise $1 billion through asset sales.

PRESS DIGEST- British Business - March 21

March 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Australian copper group Aeris Resources is in talks to buy a mine from Glencore Plc for $575 million, as the commodities giant seeks to raise $1 billion through asset sales.

How to bounce back from a bad financial record - especially if you run your own business

As the markets continue to tighten more companies are looking for working capital to keep their operations going, business owners who have experienced financial difficulty and have defaulted on loans in the past often assume they will be dismissed out of hand by lenders.  1. Inertia is not an option A good credit rating is worth its weight in gold. It is a sizeable measure of your worth in the eyes of lenders and will affect your ability to sign leases, negotiate new debt and secure finance for assets. Lenders obviously see the person who has a squeaky-clean past as first prize.

GLOBAL MARKETS-Asian shares up on accommodative Fed; growth concerns linger

* MSCI Asia ex-Japan +0.5 pct * China blue-chips wobble, Australia down * Sterling rebounds after sharp fall * Asian stock markets: tmsnrt.rs/2zpUAr4 By Andrew Galbraith SHANGHAI, March 21 (Reuters) - Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over U.S.-China trade talks and slowing global growth capped broad gains and pulled some markets lower. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent.

Steinhoff: Inside R106bn in imaginary deals

Defensive and light on detail, Steinhoff's summary of PwC's much-awaited report on how the books were cooked under Markus Jooste, is too coy for comfort. And while the market may be hoping a line has been drawn under this epic fraud, a clearer picture will emerge from its audited results next month.

PRESS DIGEST- New York Times business news - March 21

March 21 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Ford Motor Co said on Wednesday that it would build its first autonomous vehicles at a $50 million production center in Michigan as part of an earlier pledge to invest $900 million in manufacturing operations in the state.

Steinhoff, Bosasa et al: When bad business is bad for business

This week saw the reappearance in Parliament of Steinhoff executives, following the completion of a 15 000-page report by PricewaterhouseCoopers into the affairs of now-notorious Steinhoff. The Hawks were ordered to provide weekly updates to Parliament on their progress. Also in recent weeks, news broke that African Global Operations, better known as Bosasa, was going into voluntary liquidation following the closure of its accounts by several local banks.

Flash Briefing: SA building sites ablaze; Google, Roundup, Investec, Hudaco, Brexit

European antagonism against Big Tech gathered momentum yesterday when Google was fined €1.5bn by the EU for limiting how some websites could display ads sold by its rivals. The fine was bigger than expected and is the third antitrust fine applied by the EU against Google since 2017, taking the total to €8.3bn. Investors shrugged off the news, with the share price of Google's parent Alphabet trading slightly higher British Prime Minister Theresa May yesterday asked the European Union to delay its departure from the bloc by three months to June 30, suggesting that she will once more try to force reluctant British lawmakers to swallow a Brexit divorce deal, they have already rejected twice.

All the bank charges you need to know about

Just as it is a common thing for other service providers in different sectors to put a cost for services, bank charges are what banks set as the value of the service they offer. Since different banks operate differently and under varied guidelines, these charges will definitely differ from one establishment to another. If you are want to open an account or procure particular services at an institution of choice, comparing the different fees for similar services across the different banks in South Africa is a great point to start.

Bradley Solomons, Concierge at The Table Bay is on his way to the "Hotel Oscars", The Distell Inter Hotel Challenge 2019…

He will represent The Table Bay on concierge and service aspects in the competition which is one of the hospitality industry's major showcases of food, wine and spirits pairing. This multi-faceted challenge, sponsored by Distell, is a respected platform for highlighting the talent and expertise of trainees, and giving them an opportunity to shine.Solomons, who has been working at The Table Bay for five years, was born and raised in Cape Town. His mother was a chef by profession and instilled in him at a young age an interest in the hospitality industry. He started his career at the tender age of 19 at the Lord Charles Hotel in Somerset West. He took on his first role as Houseman with tremendous gusto and during his time at the hotel, he trained in different departments including room service, conference and banqueting, reception, reservations and maintenance.

RNM wraps up informative business development roadshow

The Ray Nkonyeni Municipality in partnership with Absa on Tuesday at the Gamalakhe ZG Community Hall wrapped up the Business Development Information Session Roadshow, which was held in all seven clusters within the municipal jurisdiction. These sessions dealt with issues pertaining to SMMEs and Cooperatives, Supply Chain Management Policy related matters and Youth Business Development. Absa shared information related to Development Credit Fund, Empowerment Funding and other funding programmes for SMME's.

Bradley Solomons, Concierge at The Table Bay is on his way to the "Hotel Oscars", The Distell Inter Hotel Challenge 2019…

Bradley Solomons, Concierge at The Table Bay joins the team of enthusiastic food and wine enthusiasts, Jonathon Wakefield (Sommelier candidate), Dalise Stynfaard (Bakery candidate) and Kurt de Wet (Chef candidate) representing the hotel in the prestigious Distell Inter Hotel Challenge 2019. He will represent The Table Bay on concierge and service aspects in the competition which is one of the hospitality industry's major showcases of food, wine and spirits pairing. This multi-faceted challenge, sponsored by Distell, is a respected platform for highlighting the talent and expertise of trainees, and giving them an opportunity to shine. Solomons, who has been working at The Table Bay for five years, was born and raised in Cape Town.

David Hodnett returns to Standard Bank

Veteran banking executive David Hodnett has returned to Standard Bank following a year-long sabbatical in the wake of his departure from the Absa group. His insight of the inner workings of Absa may come in handy as Standard and the former Barclays subsidiary continue to grapple for market share in key markets, most notably mortgages and card. Standard streaked past Absa during the Barclays years to become the local market leader in home loans.

Cape Epic Stage 4: Race For The Title Heats Up!

Crashes in both the leading teams at the Absa Cape Epic could not unseat either from the top of the overall standings, but the top men did have their lead more than halved during Thursday's 43km Time Trial stage at Oak Valley. Nino Schurter and Lars Forster of Scott-SRAM MTB-Racing on the leaders couch during stage 4 of the 2019 Absa Cape Epic Mountain Bike stage race from Oak Valley Estate in Elgin, South Africa on the 21st March 2019. Photo by Shaun Roy/Cape Epic Minor crashes for Annika Langvad from Investec-songo-Specialized, the leading Women's category team, and Manuel Fumic from Cannondale Factory Racing, did not result in any physical injuries although Fumic damaged his bike and now he and partner Henrique Avancini are likely to face a tough battle to hold their lead in Friday's 100km Queen Stage.

Medical schemes haemorrhaging money in ‘risk transfer' agreements

Some of South Africa's best-known medical schemes are losing money hand over fist in opaque "risk transfer" arrangements, in which they pay service providers millions of rand to manage claims that critics say they could easily handle in-house. Business Day reports that the deals mean there is less money available for their own members and raises questions about the oversight role being played by the sector's watchdog, the Council for Medical Schemes (CMS). Despite noting the phenomenon in every annual report it has published for the past five years, the regulator appears to have left schemes to continue with these arrangements unfettered.

Troye makes headway in emerging markets

Kurt Goodall, Technical Director, Troye Managed IT services provider Troye has been awarded third place as Citrix's Cloud Partner of the Year for emerging markets. The Citrix Summit partner conference was held recently in Orlando, Florida. Troye CEO Helen Kruger is delighted to receive this award.

Don't try to be the market-timer!

Times might seem tough at present for many long-term unit trust investors, but now is not the moment to irrationally capitulate from well-managed funds with good long-term records, says Pieter Koekemoer, head of personal investments at Coronation Fund Managers. He fully acknowledges that 2018 was a "brutal year" for financial markets, compounded by five years of poor performance.  He also points to Deutsche Bank having described it as the worst year in over a century in terms of the breadth of declines.  "It was even worse than 1920 with 90% of global assets returning a negative number in dollars. None of the major equity markets managed a positive dollar return." But important to consider, he asserts, is the impact that down-periods have on future returns.  The JSE delivered disappointing returns over five-year periods six times since the 1969 market crash and, on each occasion, this was followed by above-average long-term future returns. Multi-asset funds, that give managed exposure to domestic and international shares, property, bonds and cash, have a similar track record.  The four largest peak-to-trough drawdowns in the Coronation Balanced Plus Fund since its launch in 1996 averaged a decline of 16% over a period of 11 months.

Klubrugby in die SWD skop die naweek af

GEORGE RUGBYNUUS - met die eerste ronde wedstryde in die Premierliga. Progress, die verdedigende kampioen, sal nie in aksie wees nie weens hul betrokkenheid by Saru se Goue Beker-uitdaagtoernooi. Hulle vertrek juis môre na Thabazimbi waar hulle teen die mynklub, Northam Platinum Rhinos te staan kom.

Struggle for Algeria hits business community

* FCE leader Haddad under pressure to quit * Move would further weaken Bouteflika's position * Seen as one of symbols of Bouteflika's rule * FCE forum hit by several resignations * Even if Bouteflika goes, no clear successor seen * Ruling FLN has also sided with the demonstrators By Lamine Chikhi ALGIERS, March 21 (Reuters) - One of President Abdelaziz Bouteflika's few remaining allies in the face of mass protests, business leader Ali Haddad, is facing pressure to quit as head of Algeria's main business association, a move that would further weaken the embattled head of state. Bouteflika's long-time strategic partners, from members of the governing FLN party to trade unionists, have abandoned the president, peeling away layers of his ruling elite. The 82-year-old president also relied on influential figures like Ali Haddad, who has made billions through public works projects awarded by the government and investments in the media.

British Airways is launching a new business class - here's how it compares to the world's best, and SAA

British Airways has unveiled a new business class seat that will launch in October 2019 on select flights, as it prepares to roll out the class on all its A350 flights. The new suites, under the Club Suite brand forms part of British Airways' £6.5 billion (R124 billion) investment to improve the airline. It reduces the other 2-4-2 seating pattern for a 1-2-1 pattern, that features privacy cubicles that can be closed or opened up to the passenger's desires.

Emerging markets investments to benefit on downbeat Fed, say economist

JOHANNESBURG, March 21 (ANA) - Emerging markets recovery is set to extend further after the downbeat tone that was presented by the Federal Reserve (Fed) after its latest monetary policy meeting, economists said on Thursday. ANA NEWS WIRE Disclaimer: The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality. ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video.

EMERGING MARKETS-Fed boost for EM stocks as trade worries weigh

March 21 (Reuters) - Emerging market stocks hit their highest in almost seven months on Thursday after the U.S. Federal Reserve brought an abrupt halt to its cycle of interest rate rises, although concerns over U.S.-China trade talks and slowing global growth limited gains. At the end of a two-day policy meeting on Wednesday, the Fed abandoned projections for further rate hikes this year amid signs of an economic slowdown, and said it would halt the steady decline of its balance sheet in September.

Communication Minister eulogizes out-going CEO of Vodafone Ghana

By Nana Appiah Acquaye, Accra, Ghana Ghana's Communications Minister, Ursula Owusu-Ekuful has paid a glowing tribute to the out-going Chief Executive Officer of Vodafone Ghana, Yolanda Zoleka Cuba. Speaking during the official launch of Vodafone Ghana's latest 4G LTE service in Accra on Tuesday, Mrs Owusu-Ekuful described the out-going CEO as a tower of strength and a leader in the telecommunications industry - a leading voice in new trends and digitalisation. "It is sad to see Yolanda go; she has been a tower of strength and a leader in the telecommunications industry - a leading voice in new trends and digitalisation. However, I am encouraged by the good prospects that Patricia will bring to the company and the industry. I wish Yolanda great success in her subsequent endeavours," she said. In her emotionally charged remarks which also happens to her last public engagement as Vodafone Ghana CEO, Ms.

Next profits dip, online business grows, set to be bigger than stores

Next delivered full-year profits in line with its guidance on Thursday and also reported higher full-price sales. But that's not to say the results statement for the year ending January was full of good news as its full-price sales in its retail stores fell by as much as 7.9%. But in that respect it was no different from many of its retail peers - Next is clearly navigating turbulent waters and doing reasonably well at it, even though it's seeing some weakness.

Tencent says non-gaming business revenue contribution to rise

HONG KONG, March 21 (Reuters) - Tencent Holdings, Asia's second-most valuable listed firm, said on Thursday its revenue mix will diversify further, with the contribution from the company's non-gaming business increasing. Tencent President Martin Lau, who made the comments on the revenue mix, was speaking after the firm reported a sharper-than-expected 32 percent fall in fourth-quarter profit, the most on record for a quarter. (Reporting By Sijia Jiang; Editing by Muralikumar Anantharaman).

Manganese, aluminium keep South32 anchored in SA as energy coal sale picks up pace

ONE of the biggest events in South Africa's coal mining sector this year is the sale of South32's South African Energy Coal (SAEC), a division of the Perth-headquartered company that produces about 28 million tonnes a year (Mt/y) of thermal coal of which approximately half is sold to Eskom. Whilst the sale is going to create huge opportunity for the successful entity or consortium that buys it, it also raises questions about South32's future interest in the country considering that of all its new business spend so far this year - equal to about $1.5bn - zero has been in the country. "There's definitely not a ‘South Africa-off' strategy at South32," said Mike Fraser, COO for South32's Africa division.

7 things you need to know today

Dube Cargo Terminal and TradeHouse - Aerial. Photo: Supplied CAPE TOWN -  Good morning. This is all the latest business news that you need to know today.  1.

GLOBAL MARKETS-Wall Street leads stock higher; sterling falls further

* Treasury, Bund yields touch multi-month lows * Sterling falls on no-deal Brexit concerns (Updates prices, comment, changes dateline; previous LONDON) By Rodrigo Campos NEW YORK, March 21 (Reuters) - A measure of stocks across the globe rose in a volatile session on Thursday, led by gains on Wall Street, while the dollar rallied as traders continued to digest the Federal Reserve's uber-dovish stance. Sterling slid, down 0.92 percent versus the dollar, as concern grew alongside the probability of a no-deal Brexit that would likely slow economic growth. Expected losses in bank shares on the likelihood of lower interest rates were more than offset by gains in the technology sector, lifting the Wall Street benchmark to near its highest in five months.

Business News - 20 March 2019

Eskom to receive a boost from the BRICS Bank, inflation inches up marginally in February and FDI inflows hit a 5-year high..

Data protection and business continuity to stay out of the dark

Hayden Sadler, Country Manager at INFINIDAT in South Africa Load-shedding has become synonymous with day to day life in South Africa. But while it's easy enough for a residence or small business to work around a blackout, larger enterprises face far greater - and pricier - consequences when they don't have access to critical data. As such, enterprises need to seek out "always on" solutions to avoid the loss of or access to data.

APO AFRICA Canon Saudi Arabia inaugurates its offices and business solutions showrooms in the Kingdom

Canon Saudi Arabia, a subsidiary of Canon Middle East (CME) (http://bit.ly/2CrQy2s), officially opens its first office and business solutions showroom in Riyadh, Kingdom of Saudi Arabia (KSA). The company was formed in partnership with Ali Zaid Al Quraishi & Brothers (AZAQ) in June 2018, and with two additional offices and showrooms in Jeddah and Khobar, will represent the largest regional B2B direct presence for Canon in the Middle East region. The opening was attended by senior Canon executives including Mr. Stefano Zenti, Executive Vice President Developing Regions Business Group, Canon Europe and Mr.

Grain markets walled off from flood impacts by mountains of supplies

CHICAGO, March 21 (Reuters) - A massive supply of grains has shielded the futures markets from the impact of flooding in the U.S. Midwest so far, with traders largely shrugging off this week's reports of destroyed storage bins, swamped elevators and questions about if waters will recede in time for planting. The problem is grain glut that has long weighed over commodities markets, said Tom Grisafi, a market advisor at commodity brokerage Advance Trading.

Australia's Jervois to choose nickel-cobalt JV partner by end-2019

MELBOURNE, March 21 (Reuters) - Australian developer Jervois Mining said on Thursday it expects to have chosen by year-end a joint venture partner to help develop its nickel-cobalt battery materials project in New South Wales state. Jervois, whose management is made up of ex-Glencore executives, is developing the Nico Young deposit in southeastern Australia ahead of an expected boom in demand for the metals used in rechargeable batteries. It is talking with a range of parties for a 20 to 40 percent joint venture arrangement, including miners, battery producers and original equipment makers from China, Japan and Korea, Jervois Chief Executive Bryce Crocker told Reuters.

Don't try to be the market-timer!

Times might seem tough at present for many long-term unit trust investors, but now is not the moment to irrationally capitulate from well-managed funds with good long-term records, says Pieter Koekemoer, head of personal investments at Coronation Fund Managers. He fully acknowledges that 2018 was a "brutal year" for financial markets, compounded by five years of poor performance.  He also points to Deutsche Bank having described it as the worst year in over a century in terms of the breadth of declines.  "It was even worse than 1920 with 90% of global assets returning a negative number in dollars. None of the major equity markets managed a positive dollar return." But important to consider, he asserts, is the impact that down-periods have on future returns.  The JSE delivered disappointing returns over five-year periods six times since the 1969 market crash and, on each occasion, this was followed by above-average long-term future returns. Multi-asset funds, that give managed exposure to domestic and international shares, property, bonds and cash, have a similar track record.  The four largest peak-to-trough drawdowns in the Coronation Balanced Plus Fund since its launch in 1996 averaged a decline of 16% over a period of 11 months.

Steinhoff, Bosasa et al: When bad business is bad for business

This week saw the reappearance in Parliament of Steinhoff executives, following the completion of a 15 000-page report by PricewaterhouseCoopers into the affairs of now-notorious Steinhoff. The Hawks were ordered to provide weekly updates to Parliament on their progress. Also in recent weeks, news broke that African Global Operations, better known as Bosasa, was going into voluntary liquidation following the closure of its accounts by several local banks.

Three things to consider as Levi Strauss returns to the public markets

In the world of brands, Levi's is about as good as you can get. It enjoys a great origin story, global cachet, and a coolness that is enduring rather than ephemeral. The company's reputation has been built over decades of investment, and under the current CEO, Chip Bergh , it has doubled down on innovation cemented in social and environmental values that will keep me a loyal consumer (although the company's products are of a quality that I don't have to replace them that often).

Business Zambia bans popular energy drink found to contain viagra

A popular energy drink is being taken off store shelves in Zambia with a ban on further production. This comes after a complaint from the country's medicine regulator suggesting that the drink had been spiked with viagra. The drink, Natural Power SX high energy drink is produced by Zambia based beverage manufacturer, Revin Zambia Limited and exported to Uganda, Zimbabwe, Malawi and South Africa.

Plaisir de Merle Grand Brut 2016

Home Reviews Reviews Plaisir de Merle Grand Brut 2016 By Christian Eedes - March 21, 2019 0 SHARE Facebook Twitter House-trained. Is Plaisir de Merle the most under-leverage brand under Distell's thrall? The Grand Brut 2016, near equal parts Chardonnay and Pinot Noir apparently, is a pretty tidy drop. A very attractive nose of white and red fruit plus an overlay of blossom to go with some appealing autolytic character.

Med Crude-Urals diffs in NWE slide further in a deal, CPC Blend offered lower

MOSCOW, March 21 (Reuters) - Urals crude differentials in northwest Europe fell again in a deal on Thursday as market players foresee ample exports in April, while Caspian CPC Blend was offered down from the recent estimations. Rosneft-owned Ryazan oil refinery has halted its crude distillation primary unit-6 with capacity of 23,190 tonnes per day over March 17-31 after an accident, energy ministry data showed. It may result in higher crude exports by Rosneft in April and put additional pressure on Urals differentials, traders said.

Business takes on the baddies

D OWNTOWN JOHANNESBURG puts a bounce in your step. Streets bustle with noisy fruit-sellers and minibus drivers seeking custom. But South Africa's commercial capital can also put a knot of fear in your stomach.

Cyril Ramaphosa's reply to SONA 2019 debate: Full transcript

's reply to SONA 2019 debate: Full transcript Includes President's response to Lekota's allegations of selling-out to Security Police (14 Feb 2019) THURSDAY, 14 FEBRUARY 2019 PROCEEDINGS OF JOINT SITTING ______ Members of the National Assembly and the National Council of Provinces assembled in the Chamber of the National Assembly at 14:07. The Speaker of the National Assembly and the Chairperson of the National Council of Provinces took the Chair. The Speaker of the National Assembly requested members to observe a moment of silence for prayers or meditation.

KwaZulu-Natal: Mother and child injured in M13 rollover

KwaZulu-Natal: At 13H17 Thursday afternoon Netcare 911 responded to reports of a collision on the M13 King Cetshwayo Highway in Pinetown. Reports from the scene indicate that the driver of a light motor vehicle travelling Durban bound lost control in the car resulting in a rollover. The patients were assessed on scene and found to be in a stable condition. Once treated all the patients were transported to hospital for further assessment. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911....

Controversy over irregular medical deductions

Life Esidimeni is attracting controversy over allegations that it planned to impose irregular and exorbitant medical aid increases on its staff this year. So said at least six junior staff members, including four from a Life Esidimeni centre in Johannesburg. Life Esidimeni centres are owned by the Life Healthcare Group.

Business leaders brace for more rating downgrades

Johannesburg - South African business leaders are preparing for more credit-rating reductions as mismanagement hobbles state companies and after bad decisions by President Jacob Zuma, according to the head of one of the country's biggest corporate lobby groups. "We are expecting further ratings-agency downgrades because all the things that they said we shouldn't do, the president has gone on to do," Bonang Mohale, chief executive officer of Business Leadership South Africa (BLSA) and a former chairperson of Royal Dutch Shell's South African unit, said in an interview at Bloomberg's office in Johannesburg. Fitch Ratings and S&P Global Ratings cut South Africa's foreign-currency debt to junk in April citing concerns about policy direction, political infighting and poor governance at state companies after Zuma fired investor-favourite Pravin Gordhan as finance minister.

Tongaat Hulett, Aspen Bitter pill

Trouble down in the canefields as Tongaat Hulett's new CEO Gavin Hudson brings in PwC to look over the books, on the suspicion that there was something iffy going on with land sales, which may have been tacked onto the bottom line to give it a bit of a boost before the sales themselves actually went through. As far as we can tell, anyway. To send a further chill down the boxer shorts of worried investors is the fact that PwC were also appointed to have a gander at things just as they were going south at Steinhoff.

UK Stocks-Factors to watch on March 21

March 21 (Reuters) - Britain's FTSE 100 index is seen opening 18 points higher at 7,310 on Thursday, according to financial bookmakers. * VODAFONE: Vodafone will receive a warning from EU regulators about possible anti-competitive effects from its $22 billion deal to buy Liberty Global's German and eastern European assets, two people familiar with the matter said on Wednesday. * OPHIR: London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer. * GOLD: Gold climbed to a three-week peak on Thursday as the U.S. Federal Reserve ruled out chances of any interest rate hike this year, while a surprise cut in U.S. growth forecast added to concerns on global economic slowdown. * OIL: Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela.

7 things you need to know today

CAPE TOWN   Good morning. This is all the latest business news that you need to know today.  1. R18bn 2nd phase of Dube TradePort to create 3000 permanent jobs The second phase of the KwaZuluNatals Dube TradePort Special Economic Zone (SEZ) was officially launched by the MEC of Economic Development Tourism and Environmental Affairs and the chief executive of the Dube TradePort Hamish Erskine.  2.

Former Tekkie Towners respond to Steinhoff report

Former COO of Tekkie Town, Dawie van Niekerk (left), and former CEO, Bernard Mostert. Photo: Alida de Beer Update GEORGE NEWS - The PWC report revealing years of fraud inside Steinhoff confirms the underlying basis of the legal action by the former Tekkie Town management team to get their business back. So said former Tekkie Town CEO Bernard Mostert in a media statement this week.

‘Year of the Lord's Favour' proclaimed by Christian business leaders

South African believers, get ready for a sudden season of the Lord's favour, says a corporate prophetic declaration that was released by Voice of Africa Global Media today on behalf of a group of Christian business leaders. "We have come to an ERA, where you will go to bed with a mountain, but wake up tomorrow with it LEVELED to the ground by the power of God!" says part of the declaration which reflects what God said to a group participating in a strategic business session in Durban last weekend. The Lord took over the agenda of the meeting and that resulted in the words recorded in the declaration,  Proclaiming the Year of the Lord's Favour , said Vuyokazi Matu Voice of Africa president, who was asked by the group to help get the message to God's Ecclesia (His government on earth).

Plaisir de Merle Grand Brut 2016

Is Plaisir de Merle the most under-leverage brand under Distell's thrall? The Grand Brut 2016, near equal parts Chardonnay and Pinot Noir apparently, is a pretty tidy drop. A very attractive nose of white and red fruit plus an overlay of blossom to go with some appealing autolytic character. The palate manages to combine pure fruit with some complexity, the mousse fine, the finish savoury - all very precise as you might expect from this brand.

Petra resists shareholder calls to replace chairman, Adonis Pouroulis

By David McKay - March 20, 2019 Share on Facebook Tweet on Twitter PETRA Diamonds has thrown its weight behind long-standing non-executive chairman, Adonis Pouroulis, who was on the wrong end of a vote in its annual general meeting (AGM) during November, saying it was appropriate he retain his role. About 22% of shareholders at the AGM voted against the re-election of Pouroulis who founded the company in 1997. After a shaky start, Petra went to become a stalwart of the UK's Alternative Investment Market having been its first member. Petra said in an announcement today that Pouroulis "… continues to demonstrate the independence of thought and challenge required for his role". This was despite the number of years served as a director of the company, it added. The company also referred to significant board changes as part of its three-year succession plan of which it was now in its final year.

UPDATE 1-Australia clears iron ore ports, miners brace as cyclones approach

* One cyclone heading for northwest, another for northeast * Operator of key northwest iron ore ports says are being cleared * BHP, Rio, Fortescue use the harbours * Miners also preparing ahead of the northeastern cyclone (Adds comment from BHP, Rio, Fortescue, Glencore) MELBOURNE, March 21 (Reuters) - The operator of Australia's key iron ore exporting ports said it was clearing ships from the sites as a severe tropical cyclone heads towards the northwestern coast, while miners were also bracing for a separate cyclone in the northeast. The northwestern ports of Port Hedland, Dampier and Ashburton were beginning to clear anchorages and berths, Pilbara Ports said in a statement on Thursday. Port Hedland is the world's largest export hub for iron ore.

Zungu vows to ‘do the business'

Bafana Bafana midfielder Bongani Zungu says the players are feeling little pressure ahead of this weekend's clash with Libya and vowed to go out and complete their qualification job. The stakes are high for Bafana in their final Group E 2019 Africa Cup of Nations qualifier away to Libya on Sunday evening in Tunisia, where a draw or win will see them qualify for the final showdown in Egypt in June. Much has already been made of the senior men's national team's failure to secure their tickets to such major events, especially when it comes to crunch time. However, Zungu has insisted there is no sense of stress or panic amongst the players or the technical staff, as they aim to perform at their best under less strenuous circumstances. "We're looking forward to a good game of football, but it's just another day and another match, which we just have to go out and play our hearts out to win the game for ourselves and our nation," Zungu told SAFA. "Everyone is happy, and what I like the most about this camp is that everyone is chilled. There's no pressure. The coach has spoken to us and motivated us, not to feel too much pressure and just go into the match and play. "As professional players, we want to qualify and compete with the best… We'll go out there and do the business." The comments posted do not reflect the views of KickOff.com.

A capable state to support small business

The state needs to ‘think small first' and to remove obstacles for SMMEs, writes Sipho Nkosi President Cyril Ramaphosa has placed inclusive growth, transformation and job creation at the centre of the government's agenda. One of the key enablers of this vision is a capable state envisaged in the National Development Plan (NDP). The Small Business Institute welcomes the opportunity to make proposals on behalf of the small and medium enterprise (SMME's) segment about how to better support this all-important part of our economy.

Ben la Grange cooperates with authorities in Steinhoff probe

JOHANNESBURG - Suspended former chief financial officer at Steinhoff Ben la Grange said on Wednesday he was helping authorities with investigations into the R100 billion plus accounting scandal at the South African retailer. La Grange is one of eight individuals named in an investigation of what an independent report by auditor PricewaterhouseCoopers (PwC) said was a complex scheme in which intercompany deals were wrongly recorded as external income to prop up profits and hide costs in underperforming subsidiaries. He said on Wednesday he was cooperating with all government agencies.

Canon Saudi Arabia inaugurates its offices and business solutions showrooms in...

Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers, but does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.Canon Saudi Arabia, a subsidiary of Canon Middle East (CME) (https://bit.ly/2CrQy2s), officially opens its first office and business solutions showroom in Riyadh, Kingdom of Saudi Arabia (KSA).

GLOBAL LNG-Asian, European LNG prices crash below $5 on oversupply

LONDON, March 21 (Reuters) - Asian spot prices for liquefied natural gas (LNG) broke below the $5 per million British thermal unit (mmBtu) mark this week following a 13-week price slide that reflects the absence of growth in demand or any major outages. Spot prices for May delivery to Northeast Asia LNG-AS dropped 80 cents to $4.65 per million British thermal units (mmBtu) this week according to traders although there were few actual transactions with Asia's biggest buyers, Japan, Korea or China. Asian LNG spot prices are now at their lowest level since May 2016 and close to the lowest point in Refinitiv records going back to 2010 of $4.00 per mmBtu, which was reached in April 2016.

Business Nigeria plans to cut its stake in joint oil ventures with multinational oil companies

The Minister of Budget and National Planning, Udoma Udoma revealed in a statement that the federal government of Nigeria intends to reduce its majority stake to 40 percent in joint oil ventures with multinational oil companies this year. This move by the government is majorly to boost the country's revenue. Udoma Udoma said the government will intensify efforts to improve its finances including the " immediate commencement of the restructuring of the joint venture oil assets so as to reduce government shareholding to 40 percent." Read more at.

Business Tanzania has inaugurated the first international gold trading centre in East Africa

In line with the ongoing mining sector reforms, Tanzania has inaugurated an international gold trading centre which is the first in East Africa. The hub is meant to promote mineral trade, discourage smuggling of minerals, and ensure that businesses pay their levies to the government. The trading hub is situated in the gold-rich region of Geita that produces over 40 percent of the gold exported from the country. According to Geita Regional Commissioner Robert Gabriel, each of the five districts in the region will have one gold collection centre for small-scale miners, and two banks where gold trading will be taking place.

Swiss watchmakers say slowing growth in China won't hurt sales this year

BASEL, Switzerland, March 21 (Reuters) - Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy, executives told Reuters at an industry fair on Thursday, as demand strengthens in other markets like the United States and Britain. Switzerland's watch industry, which relies heavily on Chinese customers, has seen exports - the best available indicator for demand - rise only 2.1 percent in the first two months of the year, following a 6.3 percent increase last year. However, some are confident they will do much better this year.

Business: Chart of the Day

Business: Chart of the Day Published Date: 2019-03-18 | Source: DailyMaverick | Author: Daily Maverick | Comments Stories you haven't read yet... Germany's two biggest banks Deutsche Bank and rival Commerzbank confirmed on Sunday confirmed they are formally discussing a merger, an implicit acknowledgment that both lenders face pressing difficulties despite operation in Europe's largest economy. Here Elisa Martinuzzi, a Bloomberg Opinion columnist covering finance analyses what brought the banks together and their chances of success Investigators into the 737 MAX Ethiopian Air Boeing 737 Max crash have confirmed what seemed to most aviation regulators from the start; that the crash was similar to the Lion Air plane that went down off the coast of Indonesia about five months ago.

STEINHOFF IN PARLIAMENT: Top eight culprits in biggest corporate fraud named, including Jooste and La Grange; Hawks still ba

Former Steinhoff CEO Markus Jooste appears before several committees in Parliament on September 05, 2018 in Cape Town, South Africa. Jooste made his first official public appearance, since his abrupt resignation in December over accounting irregularities at Steinhoff. (Photo by Gallo Images / Brenton Geach) Former Steinhoff CEO Markus Jooste and former CFO Ben la Grange, who had told MPs they knew nothing of accounting irregularities that led to the company's share value collapsing, are named in the PwC forensic audit among eight individuals implicated in fictitious and irregular transactions of over €6-billion.

South Africa: A first step towards justice for South African pensioners

Illustrative image. Photo: Adobestock Between 2007 and 2013, more than 6,000 pension funds in South Africa were cancelled in a process littered with errors and oversights. Today, Open Secrets has written to five of the country's largest pension fund administrators to demand swift action to reinstate pension funds that have been incorrectly cancelled.

Business: ANALYSIS: Deutsche-Commerzbank Tie-Up Smacks of Despair

Germany's two biggest banks Deutsche Bank and rival Commerzbank confirmed on Sunday confirmed they are formally discussing a merger, an implicit acknowledgment that both lenders face pressing difficulties despite operation in Europe's largest economy. Here Elisa Martinuzzi, a Bloomberg Opinion columnist covering finance analyses what brought the banks together and their chances of success Beware of the lipstick on this pig. The merger of two of Europe's biggest lenders is a desperate government-orchestrated attempt to salvage what's left from the wreckage caused by years of failed global ambitions, costly scandals, and policy failings at home.

Business: Gates Joins Bezos in 12-Digit Club With $100 Billion

Microsoft Corp. co-founder Bill Gates, once the world's richest person, has again eclipsed the $100 billion threshold, joining Amazon.com Inc.'s Jeff Bezos in the exclusive club, according to the Bloomberg Billionaires Index. Gates's fortune, now $100 billion on the nose, hasn't reached such heights since the dot-com boom, when Bezos was only beginning his march up the world's wealth rankings.

Mixed bag from Remgro's investments

Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand. Remgro's portfolio of investments have delivered a mixed first-half performance for the holding company. While hospitals group Mediclinic, logistics company Grindrod, First Rand and RMB Holdings all delivered higher contributions for the six months to December, these were offset by lower earnings from Total South Africa, food producer RCL Foods and black investment group Community Investment Venture Holdings (CIV).

Business: Africa's Richest Woman Reappointed to Board of Unitel

Africa's richest woman secured a fresh mandate as board member of Angola's biggest telecommunications company when shareholders met Tuesday to discuss corporate governance in the wake of legal action by one of the firm's biggest investors..

PRESS DIGEST- Financial Times - March 20

March 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Inmarsat in $3.3bn takeover talks with private equity-led group on.ft.com/2CsBr90 Google overhauls European search results to avoid probe on.ft.com/2Cpb4kg AB InBev shakes up board after share price slide on.ft.com/2Fhd8vq Overview British satellite company Inmarsat Plc is considering a $3.3 billion takeover bid from an investor group led by private equity companies Apax and Warburg Pincus.

Steinhoff: Hawks badly behind

Former Steinhoff CEO Markus Jooste and former CFO Ben la Grange, who had told MPs they knew nothing of accounting irregularities that led to the company's share value collapsing, are named in the PwC forensic audit among eight individuals implicated in fictitious and irregular transactions of over €6-billion. On Tuesday, Steinhoff insisted on confidentiality, privacy and privilege. That it got there is a blow for transparency as probes into what's seen as the biggest corporate fraud are underway in South Africa, Germany and The Netherlands.

Proteas clinch Super Over to down Sri Lanka

Phehlukwayo took three wickets as Sri Lanka managed just 134 from their 20 overs. Photo: AFP CRICKET NEWS - South Africa finally held their nerve to beat Sri Lanka by nine runs in the Super Over in the first KFC T20 international at PPC Newlands in Cape Town on Tuesday after the teams had dramatically tied the main match.  Full Scorecard South Africa batted first in the Super Over with man-of-the-match David Miller and Rassie van der Dussen taking strike.

PRESS DIGEST- British Business - March 20

March 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Metro Bank Plc is facing renewed questions about a 120 million euro ($136.22 million) grant it was awarded to improve services for small businesses.

Business: Black Box Shows Similarities in Lion Air, Ethiopian Crashes

Investigators into the 737 MAX Ethiopian Air Boeing 737 Max crash have confirmed what seemed to most aviation regulators from the start; that the crash was similar to the Lion Air plane that went down off the coast of Indonesia about five months ago. That means regulators have have to take the rare step of keeping the aircraft out of the air around the world. The Ethiopian Air Boeing 737 Max crash had similarities to the Lion Air plane that went down off the coast of Indonesia about five months ago, the nation's transport minister said, as scrutiny of one of the aircraft's flight control systems continued to build.

Business: Africa's Richest Woman Reappointed to Board of Unitel

The meeting at Unitel SA, in which Isabel dos Santos owns 25 percent stake and has been chairwoman, came after an arbitration court ruled that Brazilian telecommunications company Oi SA was entitled to receive $654 million from other shareholders. The court said they violated several clauses of an agreement among Unitel shareholders and Oi didn't receive dividends it was owed. Angolan state-owned oil company Sonangol, which owns a 25 percent stake, has repeatedly said it wants a new board at Unitel, while Oi has publicly expressed its disapproval with management for withholding the dividends.

Business: Chart of the Day

Business: Chart of the Day Published Date: 2019-03-18 | Source: DailyMaverick | Author: Daily Maverick | Comments Stories you haven't read yet... Germany's two biggest banks Deutsche Bank and rival Commerzbank confirmed on Sunday confirmed they are formally discussing a merger, an implicit acknowledgment that both lenders face pressing difficulties despite operation in Europe's largest economy. Here Elisa Martinuzzi, a Bloomberg Opinion columnist covering finance analyses what brought the banks together and their chances of success Investigators into the 737 MAX Ethiopian Air Boeing 737 Max crash have confirmed what seemed to most aviation regulators from the start; that the crash was similar to the Lion Air plane that went down off the coast of Indonesia about five months ago.

Business: Lyft IPO Is Said to Be Oversubscribed Ahead of Listing Next Week

San Francisco-based Lyft has only been on the road marketing its initial public offering for two days, but investors have already been informed that the listing is oversubscribed at the current price range, said people familiar with the matter, who asked not to be identified because the details are private. Based on early commitments, Lyft executives and bankers see demand far exceeding the number of available shares, making it likely that the company will surpass the $23 billion valuation it's seeking, said the people. Lyft is expected to price its shares on March 28 and begin trading on the Nasdaq the next day.

Business Maverick: Jumia's billion-dollar NYSE listing comes amid both good and worrying signs

Later in 2019, the New York Stock Exchange will see the first listing of an African technology company to be valued at more than $1-billion, a real, actual dinkum unicorn. The company, Jumia, is Nigeria-based and is known as the African Amazon since it is primarily an e-commerce business. But is it a good investment? African techies and "Africa Rising" enthusiasts are willing the NYSE listing of African "unicorn" Jumia to succeed, and hopes are high the listing will go off well.

Strangest part of the new Steinhoff Eight is those not included

Yesterday in SA's Parliament, newly appointed CEO of Steinhoff, former Werksmans senior partner Louis du Preez, reluctantly named eight people involved in the gigantic corporate Ponzi scheme. Of the eight, two were among the Dirty Half Dozen that I proposed in Monday's newsletter - bossman Markus Jooste and former CFO of the European operations Dirk Schreiber. Of the six other names given to lawmakers, four were so-called "third parties" involved in the shell companies where the false profits were created.

PE Business News: COPS CORNER THEFT SUSPECT

PE : COPS CORNER THEFT SUSPECT : Promote your business on BuyPE and MyPR. COPS CORNER THEFT SUSPECT: COPS have bust a 52-year-old man for allegedly stealing 56 car batteries worth R56 000 from a business in Korsten, Port Elizabeth. The batteries were loaded into a white Nissan bakkie when Constable … Source: "Port Elizabeth" business - BingNews.

Cosatu adds voice to call for action on Steinhoff

Slow pace of prosecution by law enforcement authorities cause for concern, say MPs COSATU has joined MPs in slamming the National Prosecuting Authority and the Hawks for failing to rein in those who were responsible for the fraud at retail giant Steinhoff. Yesterday, MPs said the collapse of Steinhoff was a result of a few senior executives, and they were surprised the Hawks and NPA had been slow in prosecuting those involved. Steinhoff chief executive Louis du Preez named several former executives as being linked to the scandal, after PwC released its forensic report last Friday.

ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev Announces Proposed Changes To its Board of Directors

Wrap Text Anheuser-Busch InBev Announces Proposed Changes To its Board of Directors Anheuser-Busch InBev SA/NV (Incorporated in the Kingdom of Belgium) Register of Companies Number: 0417.497.106 Euronext Brussels Share Code: ABI Mexican Stock Exchange Share Code: ANB NYSE ADS Code: BUD JSE Share Code: ANH ISIN: BE0974293251 ("AB InBev" or the "Company") Anheuser-Busch InBev Announces Proposed Changes To its Board of Directors On Tuesday, 19 March 2019, Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) ("AB InBev" or the "Company") is announcing changes to its Board of Directors, subject to approval at its annual ordinary and extraordinary shareholders' meeting to be held on 24 April 2019 (the "Annual Shareholders' Meeting"). Olivier Goudet, Alexandre Behring, Stéfan Descheemaeker and Carlos Alberto Sicupira will be leaving their positions as members of the Board of Directors, immediately after the Annual Shareholders' Meeting. Mr. Goudet has served on our Board of Directors since April 2011 and has been its Chairperson since April 2015. Mr.

Ann Norman, Pioneer Energy: "Africa is open for business"

Ann Normann. A few weeks before the oil summit in Malabo ( APPO Cape VII ) , Ann Normann, Africa Managing Director of Pioneer Energy, gives us her thoughts on the business environment in Africa and the outlook for the oil and gas sector. For a few years now, African governments - individually and as a bloc -  has been punting the idea that Africa is open for business.

GLENCORE PLC - GLN:Transactions In Own Shares-19 march 2019

Wrap Text GLN:Transactions In Own Shares-19 march 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 20 March 2019 Transactions in own shares-19 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 19 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,750,000 Lowest price paid per share (GBp): 311.7000 Highest price paid per share (GBp): 321.7000 Volume weighted average price paid per share (GBp): 316.6516 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 715,222,991 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,870,977,075. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue

MARKET WRAP: Miners help JSE limp higher as banks slumpMARKET WRAP: Miners help JSE limp higher as banks slump

The local bourse climbs above 57,000 points for the first time since September, but gains are pared after warnings of continued load-shedding 19 MARCH 2019 - 17:43 KARL GERNETZKY Picture: MICHAEL BRATT Picture: MICHAEL BRATT The JSE pushed to a four-month high on Tuesday, but eased off the psychologically important 57,000 point level in the afternoon, as the banking index slid. Banks lost 3% at one point, while general retailers were also under pressure. Eskom warned earlier it may need to intensify load-shedding to avoid a grid collapse. Rand hedges fared well, however, while diversified miners extended Monday's gains. Some miners have been boosted by a rising oil price, which earlier climbed above $68 a barrel for the first time in 2019. The all share gained 0.14% to 56,849.7 points and the top 40 0.17%.

PRESS DIGEST-Wall Street Journal - March 20

March 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Anheuser-Busch InBev said four directors would leave at its April shareholder meeting and that it would appoint current board member Marty Barrington as its next chairman.

Wednesday Morning Spice

Stage 4 Load-Shedding Set To Continue On Wednesday - South Africans should brace themselves for another bout of stage 4 load-shedding as power utility Eskom battles to meet electricity demand. [ tlive ] Race Against Time To Rescue Thousands Left Destitute By Southern Africa's Deadliest Cyclone - Families clung to tree and roof tops in Mozambique on Tuesday, trapped by rapidly rising floodwaters left in the wake of what could prove the deadliest cyclone ever to hit southern Africa. [ tele ] Joe Biden Tells Supporters He Plans 2020 Bid - Former vice president asks for help in lining up contributions from major donors so he can quickly raise several million dollars.

RENTAL WATCH: When third parties collect rent

RENTAL WATCH: When a tenant and landlord enter into a verbal or written lease agreement the parties are bound by the agreement. One of the essential aspects of the lease is the rental amount and to whom it must be paid.Failure to pay the rental in full and on time may result in the tenant being evicted from the property. The landlord may decide that rentals must be paid to his rental agent or attorney.

Palladium tops $1 600 as metal sets new highs on supply shortage

Palladium topped $1 600 an ounce for the first time, and there's little sign of the rally slowing as global supply tightens. The price of the metal - mainly used in autocatalysts in gasoline vehicles - has almost doubled from a recent low in August. Demand has remained robust as manufacturers scramble to get hold of palladium to meet more stringent emissions controls, particularly in China, even as auto sales in key markets slow.

Markus Jooste must be prosecuted for role in Steinhoff scandal, say MPs

Members of Parliament want Jooste prosecuted for his role in the country's biggest corporate scandal to date and for him and his associates to be jailed as soon as possible. | CAPE TOWN - Four parliamentary committees have slammed Steinhoff's disgraced former CEO Markus Jooste for failing to cooperate with the forensic probe into financial irregularities at the company and say they are appalled that he is still a free man.Members of Parliament want Jooste prosecuted for his role in the country's biggest corporate scandal to date and for him and his associates to be jailed as soon as possible. Steinhoff was on Tuesday, under threat of subpoena, forced to reveal the names of eight people implicated by PwC at a meeting of Parliament's Finance, Public Accounts, Trade and Industry and Public Service and Administration committees. The names include that of Markus Jooste, three other former Steinhoff executives and four individuals not part of Steinhoff but linked to companies allegedly involved in making the retail giant look richer and more profitable than it really was over many years. But while MPs want Jooste and his associates behind bars, the lack of progress by the Hawks and the National Prosecuting Authority is causing frustration.

International markets up, JSE counters abates

Rand hedges, such as resource counters, closed up higher as Sibanye, Sasol shares climbed. Nompu Siziba and Wayne McCurrie, a senior portfolio manager at FNB Wealth and Investment, delve into the market movements of Tuesday and what the key drivers were behind these movements..

SAICA launches investigation into Jooste, La Grange over Steinhoff multi-billion-rand fraud

In heated discussions on the matter among various parliamentary committees on Tuesday, eight individuals were implicated in the massive fraud after the company declined last week to mention the names of those implicated. In a statement SAICA said that two of its members, Markus Jooste and Andries Benjamin (Ben) la Grange, were among those mentioned during the Parliamentary session and that as such, they fall under the institute's jurisdiction. READ MORE: Former Steinhoff CFO points finger at Markus Jooste "SAICA investigates all instances of alleged improper conduct by members, including member involvement in unethical business practices, which are in contravention of the SAICA Code of Professional Conduct (SAICA Code)," the institute said in a statement on Tuesday.

SAICA set to investigate Jooste, La Grange over the role they played in Steinhoff's mutli-billion-rand fraud

In heated discussions on the matter among various parliamentary committees on Tuesday, eight individuals were implicated in the massive fraud after the company declined last week to mention the names of those implicated. In a statement, SAICA said that two of its members, Markus Jooste and Andries Benjamin (Ben) la Grange, were among those mentioned during the Parliamentary session and that as such, they fall under the institute's jurisdiction. READ MORE:  Steinhoff lays charges against former CEO Markus Jooste "SAICA investigates all instances of alleged improper conduct by members, including member involvement in unethical business practices, which are in contravention of the SAICA Code of Professional Conduct (SAICA Code)," the institute said in a statement on Tuesday.

Business owners invited to George CPF Sector 1 meeting

at 11:00 at the George Police Station mess hall. GEORGE NEWS - The George CPF Sector 1 Police Forum will meet on 20 March at 11:00 at the George Police Station mess hall. All business owners are urged to attend this important meeting.

Instagram gets into the e-commerce business with checkout tool

After years of ogling beautiful images of food, fashion and design on Instagram, people will now be able to buy things they see and like directly through the app - providing instant gratification for the trend-obsessed and a new source of income for parent Facebook. Starting on Tuesday, the photo-sharing app is testing a shopping feature, called Checkout, with a handful of retailers including Nike and designer fashion platform Revolve. "Over time, as we are creating value for people, this could be a significant part of our business," said Vishal Shah, Instagram's head of product.

MIDEAST STOCKS-Global mood pulls down most major Gulf markets

March 20 (Reuters) - Saudi Arabia's stock market dropped on Wednesday as its banks fell, while most major Gulf markets also slid, mirroring global cues ahead of a decision by the U.S. Federal Reserve on its interest rate plans for the year. Major Gulf countries have their currencies pegged with the U.S.

10 Key Drivers That Are Forcing Changes on Business Processes, People and Services

Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers, but does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.A new initiative by ACCA (the Association of Chartered Certified Accountants) (www.ACCAGlobal.com) the global accountancy body, has highlighted 10 key drivers that are already changing business processes, people and services. The report also addresses how the finance function within those businesses will need to prepare and adapt to meet transformative challenges.Thomas Isibor, head of ACCA Nigeria said: ‘Few sectors are going to experience the impact of new tech more than Finance and Accountancy.

Proteas clinch Super Over to down Sri Lanka

Phehlukwayo took three wickets as Sri Lanka managed just 134 from their 20 overs. Photo: AFP CRICKET NEWS - South Africa finally held their nerve to beat Sri Lanka by nine runs in the Super Over in the first KFC T20 international at PPC Newlands in Cape Town on Tuesday after the teams had dramatically tied the main match.  Full Scorecard South Africa batted first in the Super Over with man-of-the-match David Miller and Rassie van der Dussen taking strike.

RENTAL WATCH: When third parties collect rent

RENTAL WATCH: When a tenant and landlord enter into a verbal or written lease agreement, the parties are bound by the agreement. One of the essential aspects of the lease is the rental amount, and to whom it must be paid. Failure to pay the rental in full and on time may result in the tenant being evicted from the property.

GLOBAL MARKETS-Asian shares hold near 6-month high on hopes of dovish Fed

* Ex-Japan Asia, Nikkei down 0.1 pct * Fed seen cutting rate projections, unveil end of QT * Asian stock markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano TOKYO, March 20 (Reuters) - Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the U.S. Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year. MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.1 percent from a six-month high touched the previous day.

National Enduro Championship set for blast off

The country's best riders will converge on KwaZulu-Natal for the much-anticipated start of the MSA National Enduro Championship , which will take place in New Hanover just outside of Pietermaritzburg on Saturday. Hosted by the Natal WFO Enduro Association, the opening round will see South Africa's enduro elite battle it out on a top-class 40km track of heralded New Hanover terrain. The king of South African enduro, Wade Young (Sherco SA powered by Motul), will bring added star power and excitement to the championship opener and will be the man to beat after "thrashing" the off-road riders in the first round of the National Cross-Country Series.

THE 2018 NELSON MANDELA CEO SLEEPOUT™ LILIESLEAF EDITION OFFICIAL EVENT VIDEO

THE 2018 NELSON MANDELA CEO SLEEPOUT™: LILIESLEAF EDITION The Nelson Mandela CEO SleepOut™ Event was held on Wednesday 11 July 2018, a date that marked the 55th anniversary of the capture of six of the 10 Rivonia Treason Trialists. The Event saw an intimate group of CEOs gathering with a number of special guests, including a media contingency, at Liliesleaf Farm and Museum in Rivonia, Johannesburg. This Liliesleaf Edition formed part of The 2018 SleepOut™ Movement series, which honoured the 100th anniversary of Nelson Mandela's birthday.

Remgro earnings decline as Vumatel acquisition weighs

Remgro on Tuesday reported results for the six months ended December 2018, which included details relating to Vumatel's acquisition by The CIV group, in which Remgro has a 54.5% stake. The CIV group, which is active in the telecommunications and information technology (ICT) sector, also includes the likes of Dark Fibre Africa, and Seacom within its stable of companies. For the period under review, headline earnings decreased by 3.3% from R4 406 million to R4 259 million, while headline earnings per share (HEPS) also decreased by 3.3% from 777.5 cents to 752.1 cents. The CIV group's contribution to Remgro's headline earnings amounted to a loss of R104 million (2017: profit of R32 million). The results were negatively impacted by the acquisition of a 34.9% stake in Vumatel, which was implemented during June 2018. Included in the CIV group's results were finance costs amounting to R136 million, relating to the financing of the Vumatel acquisition, as well as Vumatel's equity accounted losses amounting to R41 million. Excluding the aforesaid Vumatel impact, the contribution to headline earnings decreased from a profit of R32 million to a loss of R11 million mainly due to Dark Fibre Africa Proprietary Limited's (DFA) higher depreciation and finance costs as a result of the expanding network. Despite the decrease in earnings, DFA's revenue increased by 18.2% to R1 067 million (2017: R903 million) mainly due to strong growth in annuity revenue, Remgro said. Vumatel's FTTH network spans over 8 000 km over a residential area footprint which it leases to Internet Services Providers (ISPs), who in turn sell internet products to the consumer. DFA also has a 90.0% investment in an FTTH operator, South African Digital Villages (SADV), and a 100% share in Sqwidnet, an Internet-of-Things (IOT) network provider. The CIV group has a March year-end and therefore its results for the six months ended 30 September 2018 have been included in Remgro's results for the period under review.

Remgro flags business risks posed by Eskom power outages

The investment firm also says political instability ahead of the elections is a threat in 2019 19 MARCH 2019 - 20:16 SISEKO NJOBENI Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL Remgro, the Stellenbosch-based investment company controlled by businessman Johann Rupert, has cited power shortages, political instability in the run-up to the national elections, and low business confidence among its biggest risks. The company, established in the 1940s by Anton Rupert, is one of several firms bracing for tough trading conditions in 2019 amid sluggish economic growth that has hit several sectors as well as consumers. Remgro has investments in banking, health care, consumer products, insurance, industrial, infrastructure and media sectors.

Palladium tops $1 600 as metal sets new highs on supply shortage

The price of the metal has almost doubled from a recent low in August. Palladium topped $1 600 an ounce for the first time, and there's little sign of the rally slowing as global supply tightens. The price of the metal — mainly used in autocatalysts in gasoline vehicles — has almost doubled from a recent low in August.

The joys of watching Africa's best ballers on a London stage

JOHANNESBURG - I'm not a Liverpool fan. Neither am I a hater of the Reds. I'm just neutral about them, because I know that on any day, I'd jump at the opportunity to watch their stalwarts and two of the current African greats, Sadio Mane and Mohamed Salah, take the field of play.

Fair Exchange: Who owns which idea?

by Erna George ( @ edgeo23 ) In the age of democratisation of ideas, partnership with multiple agencies and open-plan offices, how do we protect ideas and ensure distinct ideas across brands? Everyone has a CV or a reel or portfolio showcasing their work and their ideas, and it becomes interesting when those projects appear in multiple portfolios. It's even more interesting when we see what we believed to be a breakthrough idea brought to market by another brand at almost the same time as our activity breaks — now how did that happen?! I don't want to get into a moral or subjective debate on this as I suspect emotions will run high. All I want to do is see if there are ways to diminish the confusion and I will try for no judgement.

PIC Commission of Inquiry, 20 March 2019

Ayo Techonology will today be in the North Gauteng to try and set aside the compliance notice issued to the PIC by the Companies and Intellectual Property Commission to recoup the 4.3 billion rand invested in Ayo. For more news, visit: sabcnews.com.

Celebrating The Best Of The Best In Black Business

The 2019 Black Business Quarterly (BBQ) Awards, held at Emperor's Palace on Friday, 15 March 2019, celebrated the champions of transformation of the South African economy..

7 Cannabis Industry Millionaires Making It Big In The Marijuana Business

These entrepreneurs have capitalised on a new market set to continue to grow rapidly as more countries legalise marijuana across the world. 1. Brendan Kennedy Company: Tilray Website: https://www.tilray.com/ Brendan Kennedy worked on job sites as a carpenter to pay his way through university, with his eyes set firmly on becoming an architect, until the allure of Silicon Valley changed the course of his direction.

Remgro flags business risks posed by Eskom power outages

The investment firm also says political instability ahead of the elections is a threat in 2019 19 MARCH 2019 - 20:16 SISEKO NJOBENI Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL Remgro, the Stellenbosch-based investment company controlled by businessman Johann Rupert, has cited power shortages, political instability in the run-up to the national elections, and low business confidence among its biggest risks. The company, established in the 1940s by Anton Rupert, is one of several firms bracing for tough trading conditions in 2019 amid sluggish economic growth that has hit several sectors as well as consumers. Remgro has investments in banking, health care, consumer products, insurance, industrial, infrastructure and media sectors.

UPDATE 1-Aeris Resources makes $575 mln offer to buy Australia copper mine from Glencore

* Offer comprises $525 mln in cash, $50 mln in Aeris shares * Aeris says negotiations at late stage * Firm has market value of around $55 mln * Glencore declines to comment (Adds detail on mine, funding) March 20 (Reuters) - Australian copper producer Aeris Resources Ltd on Wednesday said it had offered to buy global trader and miner Glencore's copper mine in the state of New South Wales for $575 million. Aeris said in a statement that negotiations were at a late stage, with the offer comprising $525 million in cash, $50 million in Aeris shares and a royalty payable to Glencore. A spokesman for Glencore declined to comment.

Analysing Eskom and Steinhoff Part 2

Tuesday, embattled power utility Eskom said it could not guarantee that load shedding will soon be a thing of past. However, Eskom chairperson Jabu Mabuza vowed that measures have been put in place to avoid a total blackout. In a joint press conference with Public Enterprises Minister Pravin Gordhan, they conceded that lack of maintenance of power stations has been the main cause of breakdowns in power supply.

Cosatu adds voice to call for action on #Steinhoff

Johannesburg Cosatu has joined MPs in slamming the National Prosecuting Authority and the Hawks for failing to rein in those who were responsible for the fraud at retail giant Steinhoff.On Tuesday MPs said the collapse of Steinhoff was a result of a few senior executives and they were surprised the Hawks and NPA had been slow in prosecuting those involved.Steinhoff chief executive Louis du Preez named several former executives as being linked to the scandal after PwC released its forensic report last Friday.Markus Jooste the former chief executive was named in the PwC report as one of those who inflated prices and assets of the company by more than R100billion.Cosatu said it wanted Joostes assets seized and the law enforcement agencies to recover stolen monies. Cosatu calls for decisive action from the Hawks and the NPA. The federation calls upon Parliament to increase their oversight of the Steinhoff debacle investigation and prosecutions it said.ANC MP Dikeledi Mahlangu said the party was disappointed that no one had been arrested or prosecuted despite billions of rand being lost.To us as public representatives this does not give us comfort.

GLENCORE PLC - GLN:Transactions In Own Shares-19 march 2019

GLN 201903200013A GLN:Transactions In Own Shares-19 march 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 20 March 2019 Transactions in own shares-19 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 19 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,750,000 Lowest price paid per share (GBp): 311.7000 Highest price paid per share (GBp): 321.7000 Volume weighted average price paid per share (GBp): 316.6516 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 715,222,991 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,870,977,075. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue Aggregated volume average price London Stock Exchange 316.7453 1,615,234 BATS 316.0579 27,834 Chi-X 316.5298 1,106,932 Transaction details In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Citigr

WATCH: Rand trades sharply overnight

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Aeris makes a $575m offer for CSA

PERTH (miningweekly.com) - ASX-listed Aeris Resources on Wednesday told shareholders that it has made diversified miner Glencore a $575-million offer to acquire the CSA copper mine, in New South Wales. The offer comprised a cash component of some $525-million and Aeris shares valued at $50-million, as well as a royalty which will be payable to Glencore. The company said that funding for the offer has not been finalised, but would likely be acquired through a combination of between $250-million and $300-million in debt, an equity capital raise of between $185-million and $240-million, and a silver stream of between $35-million and $40-million. The underground CSA operation produces more than 1.1-million tonnes of copper and around 185 000 t of copper in concentrate a year, which contains around 27% copper metal. The project also produces a silver co-product.

EOH share price falls following results delay

EOH announced to shareholders that it is rescheduling the release of its interim financial results for the six-month period ended 31 January 2019. The delay will allow the group's new financial director, Megan Pydigadu, to complete a financial review arising from the changes to the group's strategic direction, EOH said. This review will encompass assets and projects across EOH's business and geographic portfolio, and Pydigadu is engaging with the company's auditor on the matter. "Review of the statement of financial position is an integral part of the strategic process, as mentioned in the CEO 100-day update on 11 December 2018, to ensure that the investments in various tangible and intangible assets are appropriately valued and the new IFRS standards applicable for FY19 are appropriately applied," EOH said. The release of EOH's interim results and presentation has accordingly been rescheduled from 26 March 2019 to 16 April 2019. EOH shares were down over 4% at the time of writing..

Newsdeck: Steinhoff Former CFO Assisting Authorities With Investigations

Steinhoff International Holdings NV's former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse. "I am cooperating and working with all government agencies on this matter," said Ben la Grange, the ex-CFO, in a response to requests for comment after being named in a report commissioned by the company as one of eight people, including former Chief Executive Officer Markus Jooste, who were allegedly responsible for the accounting misdeeds. The company was compelled on Tuesday by South African parliamentary committees to release the names even as Chairwoman Heather Sonn and CEO Louis du Preez warned it could jeopardize investigations and break European privacy laws.

Cryptovecs Capital and PO8 seal $1 million investment deal, eye new markets

South Africa Blockchain Venture Capital fund, Cryptovecs Capital and PO8 reached an agreement for a $1 million USD investment into PO8's up-coming security token offering to allow the firm to evaluate and enter other African markets including Kenya. Joining CNBC Africa for more on this is Matthew Arnett CEO PO8 and John Lombela Managing Director of Cryptovecs Capital. https://www.cnbcafrica.com/videos/.

Business cries foul: Warning of stages 5, 6

Load-shedding is "killing" small businesses and there is a very real possibility that unless the runaway energy crisis is reined in, lives will be lost, according to Eastern Cape business leaders and unions. Government workers are also taking enormous strain, as the public expectation of service delivery has not diminished while the crisis has deepened. This article is reserved for DispatchLIVE subscribers.

Can business save the SA economy from #Eskom?

Thomas Garner, Chairperson at SA Independent Power Producers Association and Stephen Larkin, CEO of Africa New Energies join CNBC Africa to discuss the crisis at Eskom..

Mixed bag from Remgro's investments

Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand. Remgro's portfolio of investments have delivered a mixed first-half performance for the holding company. While hospitals group Mediclinic, logistics company Grindrod, First Rand and RMB Holdings all delivered higher contributions for the six months to December, these were offset by lower earnings from Total South Africa, food producer RCL Foods and black investment group Community Investment Venture Holdings (CIV). The group benefited from the inclusion of Siqalo Foods, the spreads business it got in exchange for its 25.75% stake in Unilever. CIV's contribution to Remgro's headline earnings amounted to a loss of R104 million, mostly due to its investment in Vumatel. Remgro reported a doubling in sales from continuing operations to R30.3 billion for the six months to end-December.

AB InBev appoints former Altria CEO as its chair

The brewer has nominated Marty Barrington, a current board member, although the appointment still needs to be approved by investors Anheuser-Busch InBev (AB InBev) is tapping the former CEO of Altria Group to lead its board, filling a void as the previous chair steps down to avoid a potential conflict of interest. The world's largest brewer has nominated Marty Barrington, a current board member, it said in a statement on Tuesday. The appointment still needs to be approved by investors at the annual meeting on April 24. Altria is one of AB InBev's largest shareholders. Barrington retired as head of the Marlboro maker 2018 after six years in the role.

Australia's Aeris Resources to buy Glencore's CSA copper mine

March 20 (Reuters) - Australian copper producer Aeris Resources Ltd said on Wednesday it has offered to buy the CSA copper mine in New South Wales state from global trader and miner Glencore for $575 million. Aeris said late stage negotiations on the offer were ongoing. The offer comprises $525 million in cash, $50 million in Aeris shares and a royalty payable to Glencore, it said.

ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev Announces Proposed Changes To its Board of Directors

ANH 201903200001A Anheuser-Busch InBev Announces Proposed Changes To its Board of Directors Anheuser-Busch InBev SA/NV (Incorporated in the Kingdom of Belgium) Register of Companies Number: 0417.497.106 Euronext Brussels Share Code: ABI Mexican Stock Exchange Share Code: ANB NYSE ADS Code: BUD JSE Share Code: ANH ISIN: BE0974293251 (‘AB InBev' or the ‘Company') Anheuser-Busch InBev Announces Proposed Changes To its Board of Directors On Tuesday, 19 March 2019, Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (‘AB InBev' or the ‘Company') is announcing changes to its Board of Directors, subject to approval at its annual ordinary and extraordinary shareholders' meeting to be held on 24 April 2019 (the ‘Annual Shareholders' Meeting'). Olivier Goudet, Alexandre Behring, Stéfan Descheemaeker and Carlos Alberto Sicupira will be leaving their positions as members of the Board of Directors, immediately after the Annual Shareholders' Meeting. Mr. Goudet has served on our Board of Directors since April 2011 and has been its Chairperson since April 2015. Mr.

REMGRO LIMITED - Unaudited results for the six months ended 31 December 2018 and cash dividend declaration

REMGRO LIMITED - Unaudited results for the six months ended 31 December 2018 and cash dividend declaration 2019-03-19 17:01:00 REM 201903190062A Unaudited results for the six months ended 31 December 2018 and cash dividend declaration REMGRO LIMITED Registration number 1968/006415/06 ISIN ZAE000026480 Share code REM INTERIM REPORT UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2018 AND CASH DIVIDEND DECLARATION SALIENT FEATURES Headline earnings per share, excluding option remeasurement -2.7% Headline earnings per share -3.3% Interim dividend per share +5.4% Intrinsic net asset value per share R230.23 SUMMARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 December 31 December 30 June R million 2018(1, 2) 2017 2018 ASSETS Non-current assets Property, plant and equipment 14 648 6 741 13 626 Investment properties 119 130 119 Intangible assets 25 167 4 873 18 427 Investments - Equity accounted 74 878 80 184 73 722 - Available-for-sale - 2 937 3 067 - Financial assets at fair value through other comprehensive income 3 315 - - Financial assets at fair value through profit and loss 151 - - Retirement benefits 578 204 737 Loans 395 573 697 Deferred taxation

Remgro flags business risks posed by Eskom power outages

The investment firm also says political instability ahead of the elections is a threat in 2019 19 MARCH 2019 - 20:16 SISEKO NJOBENI Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL Remgro CEO Jannie Durand. Picture: FINANCIAL MAIL Remgro, the Stellenbosch-based investment company controlled by businessman Johann Rupert, has cited power shortages, political instability in the run-up to the national elections, and low business confidence among its biggest risks. The company, established in the 1940s by Anton Rupert, is one of several firms bracing for tough trading conditions in 2019 amid sluggish economic growth that has hit several sectors as well as consumers. Remgro has investments in banking, health care, consumer products, insurance, industrial, infrastructure and media sectors.

TELKOM SA SOC LIMITED - New Financial Instrument Listing Announcement TLC07 & TLC08

TLC07 TLC08 201903200030A New Financial Instrument Listing Announcement - TLC07 & TLC08 Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) (‘Telkom' or ‘the Company') Bond code: TLC07 ISIN: ZAG000157876 Bond code: TLC08 ISIN: ZAG000157884 New Financial Instrument Listing Announcement - TLC07 & TLC08 The JSE Limited has granted a listing of new financial instruments under Telkom's Domestic Medium Term Note Programme on the Interest Rate Market. Authorised programme size R10,000,000,000.00 Total notes in issue R1,000,000,000.00 (including these issues) Full instrument details are as follows: Bond Code TLC07 ISIN ZAG000157876 Nominal Issued R400,000,000.00 Issue Price 100% Coupon Rate Indicator Floating Coupon 7.75% (3 Month JIBAR as at 15 March 2019 of 7.150% plus 60 bps) Trade Type Yield Issue / Settlement Date 22 March 2019 Maturity Date 17 September 2019 Interest Commencement Date 22 March 2019 Interest Payment Date/s 18 June and 17 September 2019 Last Day to Register By 17:00 on 6 June 2019 and 6 September 2019 or the last day immediately preceding the commencement of the Books Closed Period (all dates inclusive) Books Close Date(s) 7 June 2019 and 7 September 2019 Date Convention Following Business Day Bond Code TLC08 ISIN ZAG000157884 Nominal Issued R 800,000,000.00 Issue Price 100% Coupon Rate Indicator Floating Coupon 8.05% (3 Month JIBAR as at 15 March 2019 of 7.150 % plus 90 bps) Trade Type Price Issue / Settlement Date 22 March 2019 Maturity Date 27 March 2020 Interest Commencement Date 22 March 2019 Interest Payment Date/s 27 March, 27 June, 27 September and 27 December in each year until the Maturity Date, with the first Interest Payment Date being 27 June 2019 Last Day to Register By 17:00 on 16 March, 16 June, 16 September and 16 December in each year until the Maturity Date or the last day immediately preceding the commencement of the Books Closed Period (all dates inclusive) Books Close Date(s) From 17 March, 17 June

PODCAST | Taking Care of Business

A weekly podcast series that takes you behind the big business stories of today. Welcome to the Financial Mail's Taking Care of Business podcast, where Financial Mail editor Rob Rose and Tiso Blackstar Group editor at large Giulietta Talevi speak to the people who make the decisions, to deliver you the backstory behind the big business stories of today. Email us on tcb@businesslive.co.za.

Celebrating The Best Of The Best In Black Business

The 2019 Black Business Quarterly (BBQ) Awards, held at Emperor's Palace on Friday, 15 March 2019, celebrated the champions of transformation of the South African economy. Established in 2002, the BBQ Awards 2019 honoured the best of the best in black business. South Africa's top black business owners and rising stars arrived to the red carpet for a night full of glitz and glamour.

Cosatu adds voice to call for action on #Steinhoff

Markus Jooste Picture: Armand Hough / African News Agency (ANA) Johannesburg - Cosatu has joined MPs in slamming the National Prosecuting Authority and the Hawks for failing to rein in those who were responsible for the fraud at retail giant Steinhoff. On Tuesday, MPs said the collapse of Steinhoff was a result of a few senior executives, and they were surprised the Hawks and NPA had been slow in prosecuting those involved. Steinhoff chief executive Louis du Preez named several former executives as being linked to the scandal, after PwC released its forensic report last Friday.

Steinhoff: Implicated executives will be held accountable

Steinhoff was on Tuesday forced by four parliamentary committees to including disgraced former CEO Markus Jooste and four other men outside Steinhoff, implicated by PwC's forensic investigation into the scandal. | CAPE TOWN - Steinhoff's board chairperson Heather Sonn says those responsible for inflating the group's profits and assets over many years will be held to account. Steinhoff was on Tuesday forced by four parliamentary committees to including disgraced former CEO Markus Jooste and four other men outside Steinhoff, implicated by audit firm PwC's forensic investigation into the scandal.

DSW changes name to Designer Brands; sets three-year strategic goals to turn business around

Columbus, Ohio-based footwear and accessories company DSW Inc. announced on Tuesday that it has changed its name to Designer Brands effective today in order to reflect the evolution of its identity and business strategy. The retailer also laid out a series of targets and strategic priorities that will determine the group's operations into fiscal 2021.

Remgro intrinsic NAVPS trading at 17% discount to share price

Remgro intrinsic NAVPS trading at 17% discount to share price Remgro has released its interim results. The investment group which owns stakes in eMedia, FirstRand, MediClinic and Distell said diluted headline earnings per share fell over 3 per cent to 744 cents while dividends grew 5 per cent to 215 cents. CNBC Africa is joined by Neville Williams, CFO, Remgro..

Exclusive: SABC TV sales teams are open for business

Print Email Warren Bedil, general manager for television sales, SABC Fighting industry perceptions that it's challenging to do business with the SABC, the public broadcaster's TV sales division is making moves to rectify this thinking. Key aims for the sales team are to become more accessible, responsive, speedy, proactive, and flexible, says SABC's general manager for television sales, Warren Bedil. Members of the team will be "present with purpose" and deliver services to clients of all budget levels. Bedil's aim is to develop a team that agencies and direct clients think about first when considering media solutions.

Vodacom continues to empower SA's unemployed youth at Limpopo Youth Academy graduation

Tuesday, 19 March 2019 Limpopo - Forty-one unemployed youth, who underwent 24 demanding months of theory, practicals and work-based placement training in A+ (entry-level computer service professional certification), N+ (mid-level certification for network technicians) and 3G connectivity, were today certified with diplomas in Information Technology Technical Support at Vodacom's Limpopo-based Youth Academy graduation ceremony. The graduates participated in the Youth Academy's established programme under one of four categories including end-user computing (NQF level 3), cell phone and device repair management (NQF level 3), IT Technical Support (NQF level 4) and networking support (NQF level 5) where some of their duties consisted of providing IT technical and data capturing support to schools and municipalities in the area. Additionally, for the first time since the inception of the ICT skills programme, in this year's graduation 32 IT entrepreneurs will also be graduating alongside the ICT skills graduates, receiving certification on business management & entrepreneurship.

Should listed property still be part of your portfolio?

This article first appeared in the 4th quarter 2018 edition of Personal Finance magazine. The controversy surrounding the Resilient stable of companies has harmed the credibility of the listed-property sector and caused the FTSE/JSE South African Listed Property Index (Sapy) to be the worst performing asset class since the end of last year. The index lost 23% in 2018.

THE SHAKE UP: Koko et al besmirched black excellence

Sechaba ka'Nkosi. File Image: IOL JOHANNESBURG - South Africa has come face to face with the real effects of the state of capture: the ongoing power cuts that have shrunk the country's overall production and services capacity; the rising electricity prices that threaten to put more people on to the streets and the volatile currency that has been made even more vulnerable by things that could have been avoided. All this points to one thing - we are in for a night of the long wake.

#PICInquiry: UDM leader connects the dots

UDM leader Bantu Holomisa. Photo: Bongani Mbatha/African News Agency (ANA) PRETORIA - Bantu Holomisa, leader of the United Democratic Movement, found it interesting that the Pan African Infrastructure Development Fund I and II (PAIDF) was set up by Tshepo Mahloele, the former PIC head of corporate investment, while he was at the PIC, and then Harith manages the PAIDF on behalf of the PIC, where Mahloele is chief executive.  Holomisa was making his submission to the Commission of Inquiry into alleged improprieties at the Public Investment Corporation (PIC), where he urged the commission to take a closer look at Harith/Lebashe deal, headed by the former deputy minister of finance and PIC chairperson, Jabu Moleketi and Tshepo Mahloele. Holomisa said: "Regarding Lebashe, we have been made to understand that the following information and questions are pertinent:  Lebashe is made up of several companies.

New darling palladium touches $1600ounce

JOHANNESBURG  JSElisted platinum producers notched up gains as the palladium price touched the $1600 (R23086) an ounce mark a record high on peaking demand.Palladium has doubled since September reaching $1596.84 an ounce yesterday amid high demand by the automotive industry and as reports emerged that Russia also planned to ban the export of precious metals scrap and tailings to promote domestic refining of the materials.Anglo American Platinum the worlds biggest platinum producer rose by 1.69percent to trade at R814.69 a share Impala Platinum the second biggest platinum miner was up 2.53 percent to R67.20 a share while Lonmin the worlds third biggest platinum producer was R2.27 percent higher at R13.50 a share. Royal Bafokeng Platinum was 1.54 percent higher at R33 a share.Palladium a lustrous white metal resistant to corrosion reached record highs in 2018 driven by vehicle producers to meet stringent gas emission standards. Stringent emission standards adopted in China and Europe are likely to promote the use of palladium and rhodium petrol autocatalysts according to analysts.Seleho Tsatsi an investment analyst at Anchor Capital said yesterday that the higher palladium price is good news for South Africa which is home to 80 percent of the worlds known platinum group metals (PGM) reserves.It is great for South Africa as a country.Tsatsi said the palladium price was now nearly twice the price of platinum.This increases the financial incentive for vehicle manufacturers to switch from palladium to platinum. Having said that feedback from industry suggests that this process can be surprisingly slow said Tsatsi.Palladium along with ruthenium rhodium osmium iridium and platinum are among the six metals in the PGM basket.PGM producers have been smiling all the way to the bank after record palladium prices provided a significant increase in revenue for PGM producers.

‘Coal industry now wants licence to destroy Waterberg'

It's been touted as South Africa's next coal frontier by the mining industry and by the government, but getting at the Waterberg in Limpopo "requires trashing the environment, digging out the beautiful Bushveld, ignoring air and water pollution and pretending that climate change is small change. "At the end, in so far as it succeeds, it will leave a mess of abandoned mines and smouldering discard dumps in a barren and toxic land. Just as it destroyed the Highveld, the coal industry now wants the social licence to destroy the Waterberg." This is contained in a new groundWork report, Boom and Bust in the Waterberg, which tracks the development and the environmental injustice of Grootgeluk Mine and Eskom's Matimba and Medupi power stations over more than 50 years in Lephalale, about 200km west of Polokwane.

UDM ultimatum to Nene: Suspend PIC CEO Dan Matjila or else

The United Democratic Movement (UDM) has given Finance Minister Nhlanhla Nene until Thursday to suspend Public Investment Corporation (PIC) CEO Dr Dan Matjila, pending an investigation or face legal action. "Come Thursday, if he doesn't suspend him, we will meet in court…he must go and defend Matjila in court," UDM leader Bantu Holomisa told Fin24 by phone. The UDM in a letter to Nene on Monday said he should be removed from the organisation as his presence at the helm of the public pensions giant could intimidate witnesses and prejudice the investigation.

SAPPI SOUTHERN AFRICA PROPRIETARY LIMITED - Credit rating announcement - SSA06

Wrap Text Credit rating announcement - SSA06 SAPPI SOUTHERN AFRICA LIMITED Registration number 1951/003180/06 Incorporated in the Republic of South Africa Stock Code: SSA06 ISIN: ZAG000104472 ("Sappi Southern Africa") CREDIT RATING ANNOUNCEMENT Sappi Southern Africa hereby notifies all its debt investors that Global Credit Ratings has upgraded the national scale issuer ratings assigned to Sappi Southern Africa Limited to AA-(ZA) and A1+(ZA) in the long and short term respectively, with a Stable outlook on 20 March 2019. Date 20 March 2019 Debt Sponsor: Nedbank Corporate and Investment Banking Date: 20/03/2019 04:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Acquisition of securities by clients of Allan Gray Proprietary Limited ("Allan Gray

Wrap Text Acquisition of securities by clients of Allan Gray Proprietary Limited ("Allan Gray") LIFE HEALTHCARE GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2003/002733/06) ISIN: ZAE000145892 Share Code: LHC ("Life Healthcare" or "the Company") ACQUISITION OF SECURITIES BY CLIENTS OF ALLAN GRAY PROPRIETARY LIMITED ("Allan Gray") In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Life Healthcare has received formal notification that clients of Allan Gray have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares held by Allan Gray's clients now amounts to 20.1008% of the total issued ordinary shares of the Company. Illovo 20 March 2019 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/03/2019 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

Holomisa wants closer scrutiny of the PIC's unlisted portfolio

Leader of the United Democratic Front, Bantu Holomisa, has questioned the Public Investment Corporation's funding of companies that are linked to its former directors, calling for closer scrutiny of the corporation's unlisted portfolio. Holomisa, who has spoken out about alleged corruption at the state-owned asset manager, was giving evidence on Wednesday before the judicial commission of inquiry into the PIC.  He said investments in unlisted entities should be suspended until the inquiry publishes its final report.  Some of the PIC's controversial investments in unlisted entities included a 25% stake in the VBS Mutual Bank, and the funding of Lancaster, an empowerment entity that bought shares in Steinhoff. In 2016, the PIC loaned R9.35bn to Lancaster, in a deal that led to massive financial losses for the Government Employees Pension Fund, following the accounting scandal that caused Steinhoff's share price to plunge.

Heads-up: What you need to know about head injuries

Today marks World Head Injury Awareness Day, a day dedicated to the prevention of head injuries. Head or brain injuries may be as mild as concussion or as debilitating as severe brain injuries. Dr Robyn Holgate, ER24's Chief Medical Officer, answers some questions around misconceptions people might have when it comes to head injuries or brain damage.

Big tobacco's legal woes in Canada pose severest risk in decades

BAT; Philip Morris International face legal setback in lawsuits linked to the effects of smoking. The world's largest tobacco companies suffered a legal setback in Quebec this month that drove two local cigarette makers into creditor protection. That may be the tip of the iceberg in Canada for British American Tobacco and others facing separate government lawsuits seeking hundreds of billions of dollars. BAT, Philip Morris International and a local unit of Japan Tobacco are defendants in lawsuits by Canada's 10 provinces that want to recoup health-care costs linked to the effects of smoking, a move reminiscent of the US in the 1990s.

RESILIENT REIT LIMITED - Withdrawal of cautionary announcement

RES RES40 RES36 RES38 RES34 RES35 RES41 201903200021A Withdrawal of cautionary announcement RESILIENT REIT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/016851/06) JSE share code: RES ISIN: ZAE000209557 Bond company code: BIRPIF (Approved as a REIT by the JSE) (the ‘Company') WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT The Company refers to the SENS announcement by Fortress REIT Limited released today and withdraws its cautionary announcement of 5 March 2019. 20 March 2019 Corporate advisor and sponsor Java Capital Date: 20/03/2019 12:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS..

Steinhoff's former CFO assisting authorities with investigations

Steinhoff's former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse. "I am cooperating and working with all government agencies on this matter," said Ben la Grange, the ex-CFO, in a response to requests for comment after being named in a report commissioned by the company as one of eight people, including former chief executive officer Markus Jooste, who were allegedly responsible for the accounting misdeeds. The company was compelled on Tuesday by South African parliamentary committees to release the names even as chairperson Heather Sonn and CEO Louis du Preez warned it could jeopardise investigations and break European privacy laws.

BRIMSTONE INVESTMENT CORPORATION LIMITED - Conclusion of acquisition of shares in Oceana from Tiger Brands

BRT BRN 201903200036A Conclusion of acquisition of shares in Oceana from Tiger Brands Brimstone Investment Corporation Limited (Incorporated in the Republic of South Africa) Registration number 1995/010442/06 Share Code: BRT ISIN: ZAE000015277 Share Code: BRN ISIN: ZAE000015285 (‘Brimstone') CONCLUSION OF ACQUISITION OF SHARES IN OCEANA FROM TIGER BRANDS Further to the announcements released on the Stock Exchange News Service of the JSE Limited on 24 January 2019 and 1 March 2019 regarding the proposed acquisition by Brimstone of 8 000 000 Oceana Group Limited ordinary shares from Tiger Brands Limited (the ‘Transaction'), Brimstone shareholders are advised that the Transaction was successfully completed on 20 March 2019. The Transaction increases Brimstone's shareholding in Oceana from 16.98% to 22.88%. 20 March 2019 Cape Town Investment bank, corporate advisor and sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Financial advisor and mandated lead arranger The Standard Bank of South Africa Limited Legal advisors DLA Piper South Africa (Proprietary) Limited Cliffe Dekker Hofmeyr Date: 20/03/2019 03:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

WATCH: Rand trades sharply overnight

File image: IOL To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - According to NKC Research, the rand traded little changed during the European session with Eskom grabbing headlines as South Africa continued to grapple with severe load-shedding, hindering the local unit's ability to benefit from market expectations for a dovish Fed statement this week.  The rand will look towards today's domestic data releases - February inflation and January retail sales - for some reprieve. At the close of local trade, the rand quoted 0.1 percent weaker at R14.44/$, after trading in range of R14.37/$ - R14.48/$. The rand traded sharply weaker overnight.

AYO, PIC and CIPC in courtroom showdown

PRETORIA - It was a showdown at the North Gauteng High Court in Pretoria on Wednesday, between Ayo Technology Solutions (AYO), the Public Investment Corporation (PIC) and the Companies and Intellectual Properties Commission (CIPC). In two separate cases held at a joint sitting in front of Judge Cornelius van der Westhuizen, the CIPC faced off with the PIC, which is seeking to have a compliance notice issued by the CIPC against its board of directors set aside, on the basis that it was irrational and unreasonable and that the process followed by the CIPC was, "procedurally unfair and unlawful".  The compliance notice issued by CIPC was to instruct the directors of the PIC to recover its R4.3 billion investment into AYO.  Gilbert Marcus SC, representing the PIC, said there were a number of red flags in the CIPC's application, stating that the time frame was unreasonable and that the grounds provided by the CIPC to issue the compliance notice was based on factual errors. Marcus contended that the CIPC claimed in its issuing of the notice that the PIC board had made a decision to invest in Ayo Technology Solutions.

New darling palladium touches $1600/ounce

FILE PHOTO: Machine engraves information on 99.98 percent pure palladium ingot at Krastsvetmet non-ferrous metals plant in Krasnoyarsk JOHANNESBURG - JSE-listed platinum producers notched up gains as the palladium price touched the $1600 (R23086) an ounce mark, a record high on peaking demand. Palladium has doubled since September, reaching $1596.84 an ounce yesterday amid high demand by the automotive industry and as reports emerged that Russia also planned to ban the export of precious metals scrap and tailings to promote domestic refining of the materials. Anglo American Platinum, the world's biggest platinum producer, rose by 1.69percent to trade at R814.69 a share, Impala Platinum, the second biggest platinum miner, was up 2.53 percent to R67.20 a share, while Lonmin, the world's third biggest platinum producer, was R2.27 percent higher at R13.50 a share.

FORTRESS REIT LIMITED - Withdrawal of cautionary announcement

FFB FFA FIFB09 FIFB11 FIFB14 FIFB12 FIFB15 FIFB08 FIFB10 201903200020A Withdrawal of cautionary announcement FORTRESS REIT LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/016487/06) JSE share codes: FFA ISIN: ZAE000248498 FFB ISIN: ZAE000248506 Bond Company code: FORI (Approved as a REIT by the JSE) (‘Fortress' or the ‘Company') WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement released on SENS on 5 March 2019 regarding a non-binding expression of interest provided by Fortress to Resilient REIT Limited (‘Resilient') regarding a proposed transaction. Fortress has advised Resilient of its decision not to proceed with discussions citing no reasonable prospect of reaching consensus on all aspects of the proposed transaction and accordingly it is no longer necessary for shareholders to exercise caution when dealing in the Company's securities. The Company's cautionary announcement of 5 March 2019 is hereby withdrawn. 20 March 2019 Joint sponsor Corporate advisor and transaction sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Lead sponsor Java Capital Date: 20/03/2019 12:35:00 Produced by the JSE SENS Department.

EOH HOLDINGS LIMITED - Rescheduling of release of interim results

EOH 201903200027A Rescheduling of release of interim results EOH HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/014669/06) JSE share code: EOH ISIN: ZAE000071072 (‘EOH' or ‘the Group') RESCHEDULING OF RELEASE OF INTERIM RESULTS Shareholders are advised that the anticipated release of the interim financial results for the six-month period ended 31 January 2019 (‘Interim Results') is rescheduled. This will allow the new Group Financial Director, Ms. Megan Pydigadu (who was appointed with effect from 15 January 2019), to complete a financial review arising, in part from the changes to the Group's strategic direction.

Business counts cost as Eskom battles power shortages

State utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa's efforts to boost investments and economic growth.  Eskom supplies more than 90% of the power in SA but has suffered repeated faults at its coal-fired power stations, along with low water levels at hydroelectric plants and diesel shortages. Ramaphosa told eNCA television on Monday the power cuts were worrying and authorities were working to restore power. The situation worsened on Saturday after Eskom lost its electricity imports from the Cahora Bassa hydroelectric system, which contributes more than 1,000MW to the SA grid after a cyclone hit Mozambique.

Glencore suspends production at Mopani in Zambia after accident leaves two dead

GLENCORE suspended production at its Mopani Copper Mines (MCM) in Zambia on March 19 after two workers were killed in an accident, said Reuters. "All operations at the South Ore Body (shaft) have been suspended until further notice," Reuters cited a Glencore statement as saying. It did not provide details of how the accident occurred.

SIBANYE GOLD LIMITED - Labour Court declares the extension of the wage agreement to AMCU valid and lawful

SGL 201903200024A Labour Court declares the extension of the wage agreement to AMCU, valid and lawful Sibanye Gold Limited Trading as Sibanye-Stillwater Incorporated in the Republic of South Africa Registration number 2002/031431/06 Share code: SGL ISIN - ZAE000173951 Issuer code: SGL (‘Sibanye-Stillwater' or ‘the Group' or ‘the Company') Labour Court declares the extension of the wage agreement to AMCU, valid and lawful Johannesburg, 20 March 2019: Sibanye-Stillwater (JSE: SGL and NYSE: SBGL) is pleased to advise that it has today received judgement from the Labour Court (the Court), which declares that the extension, on 18 February 2019, of the gold wage agreement reached with the National Union of Mineworkers (NUM), UASA and Solidarity, to AMCU and other non-unionised employees, is valid and lawful in terms of Section 23(1)(d) of the Labour Relations Act, No 66 of 1995 (S23(1)(d)). The agreement is applicable to non-parties of the agreement. As a result of the legally binding nature of the extension agreement, the Company will now commence and participate with an independent verification process, to confirm the various unions' level of representivity required to implement the extension agreement. Neal Froneman, CEO of Sibanye-Stillwater comments: ‘We are extremely pleased with the ruling provided by the Labour Court. This judgment provides clarity to all parties on the legal standing of the application of the extension of the wage agreement to AMCU in terms of Section 23(1)(d). Furthermore, it provides a clear path forward to resolving the ongoing strike in a manner which does not compromise our values or undermine our other stakeholders, who have also been negatively impacted by the AMCU strike action.

#SeamlessSA: Stay woke and grow your business

You don't have to shy away from using your social awareness or ' wokeness ' to grow your business. In fact, it might do better if you do. This is according to Tarryn Abrahams, founder of lingerie subscription service Boudoir Box , who presented a seminar at the recent Seamless Southern Africa conference in Cape Town.

Remgro reports a lacklustre set of results

Remgro. Photo: Henk Kruger/African News Agency (ANA). JOHANNESBURG - Remgro, the diversified portfolio holding group reported a lacklustre set of results in the six months to December, with headline earnings declining 3.3 percent from R4.4billion to R4.2bn, while headline earnings per share also decreased by the same margin from 777.5 cents to 752.1c.  Earnings, which increased by 149.3percent to R10.2million, compared with R4.1m in the previous period were boosted mainly to profit realised from Unilever disposal of R8.3m.  "This increase is partly offset by Remgro's portion of the impairments of Mediclinic's properties and trade names in Switzerland and its investment in Spire Healthcare Group plc of R1.9bn, compared with R830m in the 2017 comparable period." the group said.  The group declared an interim gross dividend of 215c, up 5.4 percent from 204c a share in 2017.

Business rescue and the "costs" of an ulterior motive

Oljaco CC (Oljaco) was placed under final liquidation in May 2015 and the appellants were appointed as its liquidators. During April 2016 Pro-Wiz Group (Pty) Ltd (Pro-Wiz) instituted an application for Oljaco to be placed under business rescue in terms of s131(1) of the Companies Act, No 71 of 2008 (the Act). The liquidators opposed the application on several grounds, principally that the application was an abuse of process and that it was a ploy to enable the sole member of Oljaco to avoid interrogation in an enquiry under s418 of the Companies Act, No 61 of 1973, and that he was trying to strip Oljaco of assets and conceal them from creditors.

TIGER BRANDS LIMITED - Completion of sale of shares in Oceana by Tiger Brands

TBS 201903200035A Completion of sale of shares in Oceana by Tiger Brands TIGER BRANDS LIMITED ‘Tiger Brands' or ‘the Company' (Incorporated in the Republic of South Africa) (Registration number 1994/017881/06) Share code: TBS ISIN: ZAE000071080 COMPLETION OF THE SALE OF SHARES IN OCEANA GROUP LIMITED (‘OCEANA') BY TIGER BRANDS Shareholders are referred to the announcement released on SENS on 24 January 2019 regarding the proposed sale by Tiger Brands of 8,000,000 ordinary shares in Oceana to Brimstone Investment Corporation (‘the Transaction'), and the updated announcement issued on 1 March 2019 on SENS wherein shareholders were advised that the conditions precedent in relation to the Transaction have been duly fulfilled by Brimstone. Shareholders are further advised that the Transaction was successfully completed on 20 March 2019. Pursuant to the above, Tiger Brands will have 49,104,774 remaining shares in Oceana. Tiger Brands is proceeding with the necessary steps to complete the unbundling of these shares to its shareholders during the second quarter of the 2019 calendar year. A further announcement will be made in due course setting out the detailed terms of the unbundling and containing important notices and guidance for Tiger Brands shareholders. Bryanston 20 March 2019 Sponsor: J.P.

EMERGING MARKETS-Emerging market stocks dip, FX holds course ahead of Fed meet

* MSCI's EM stocks index falls for first session in four * S.African rand dips, inflation data due later in day * All eyes on Federal Reserve's outlook By Aaron Saldanha March 20 (Reuters) - Emerging market stocks lost steam on Wednesday, slipping for the first time in four sessions, while developing world currencies held an even keel as investors awaited the U.S. Federal Reserve's rate decision and outlook due later in day. While markets have almost fully priced in the Fed standing pat on borrowing costs, a boost in sentiment on hopes of the outlook from the Fed being more dovish than earlier expected seemed to have run its course.

Steinhoff former CFO assisting authorities with investigations

Ben la Grange says he is cooperating with all government agencies in their investigations. Steinhoff International's former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse. "I am cooperating and working with all government agencies on this matter," said Ben la Grange, the ex-CFO, in a response to requests for comment after being named in a report commissioned by the company as one of eight people, including former Chief Executive Officer Markus Jooste, who were allegedly responsible for the accounting misdeeds. Read: The company was compelled on Tuesday by South African parliamentary committees to release the names even as Chairwoman Heather Sonn and CEO Louis du Preez warned it could jeopardize investigations and break European privacy laws. The release of the names follows a forensic probe by auditor PwC that uncovered 6.5 billion euros ($7.4 billion) of irregular transactions with eight firms from 2009 to 2017.

Islamic asset management in global markets

This article first appeared in the 4th quarter 2018 edition of Personal Finance magazine. Bank deposits remain by far the largest source of Shariah-compliant assets, but other types of assets have become increasingly significant, particularly for the Islamic asset management industry. Shariah-compliant equity funds were an early diversification from the original bank-based business.

Tips for small business owners to survive load-shedding

With small businesses already dealing with hikes in VAT and petrol, coupled with decreased consumer spending, load-shedding is a bridge too far, particularly for restaurateurs.  For those who took their chances with the last rounds of load-shedding and held back on purchasing equipment for standby measures, now might be the time to make those investments. Many business owners are taking loans to fund these capital expenses, says SME funder, Retail Capital. According to the company's group brand officer, Erin Louw, "Many establishments often increase their prices to cover the cost of capital equipment, but this may not be the smartest move as it drives the existing customer base away, not to mention new business." "As it is, consumers are either reducing their restaurant visits or scaling down to just main courses and drinks to reduce the overall spend.

WATCH: Stock pick — PSG Group

Craig Pheiffer from Absa Stockbrokers and Portfolio Management talks to TV about PSG Group.

PICS: Bryan Habana graduates from business school!

Cape Town - Former Springbok win Bryan Habana has prepared for life after rugby by graduating from the Toulouse Business School . The 35-year-old, who retired from rugby last year, posted a picture to his Twitter page holding his newly-acquired diploma at a graduation ceremony.  "The sense of accomplishment tonight during our graduation was incredibly special," Habana then posted on his Facebook page. "(Thank you) To my amazing wife who supported and constantly motivated me, but also kept the house in order and our kids entertained, bathed and fed while I was busy! "I definitely regret not finishing my studies back at Rand Afrikaans University (now University of Johannesburg) all those years ago and even though this diploma is not quite a BSc IT degree, I am thankful that I committed myself to seeing this course through." Habana, who finished his career at French club Toulon, is South Africa's all-time leading try scorer in Test rugby, scoring 67 tries in 124 Tests for the Springboks between 2004 and 2016.  Look wifey, I graduated ??????????? Merci @ProvaleRugby @ToulouseBS pour toute l'aide apportée ???? pic.twitter.com/Zo6ayBwxei — Bryan Habana (@BryanHabana) March 19, 2019 [Provale Formation] Bravo aux 36 joueurs diplômés ce soir du Parcours Manager de Business Unit à la @ToulouseBS ?????????? pic.twitter.com/H1g0OcICec — Provale (@ProvaleRugby) March 19, 2019 Félicitations à tous les joueurs diplômés du #parcoursmanager de @ToulouseBS et mention spéciale au major de promo @Goudich3 pic.twitter.com/xQzyL46mNC — Bouty Lucas (@Lucas_Bouty) March 19, 2.

SAICA to probe Steinhoff's former directors

SAICA Statement The South African Institute of Chartered Accountants will investigate alleged improper conduct and unethical business practices in contravention of its codes by former Steinhoff CEO Markus Jooste & CFO Ben la Grange. This comes after their names were mentioned in Parliament for allegedly overstating profits. A revelation made in PwC's forensic report on the collapse of the company.

The 9 beauty essentials you need in your handbag

You never know what could happen in a day. Whether you're running errands between meetings or frantically running to meetings between family events and commitments, there's no denying that you're trying to fit 24 hours into 12 hours on a daily basis. You need to be prepared for anything, and so does your handbag.

KwaZulu-Natal: Two critical multiple other injured in Durban North crash

KwaZulu-Natal: At 17H50 Thursday late afternoon Netcare 911 responded to reports of a serious collision on Chris Hani Road in Parkhill Durban. Reports from the scene indicate that four vehicle were involved in a collision. The patients were assessed on scene by an Emergency Care Practitioner. Two people and adult male and female sustained serious injuries and required Advanced Life Support intervention. Multiple other patients sustained moderate injuries. Once stabilised all the patients were transported to by various ambulance services to hospital for further treatment. The circumstances leading to the collision will be investigated by the SAPS who were on scene. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911....

Cape Epic Stage 3: Mechanical Issues Cause Dramatic Change In Leaders

Much speculation had been made around a clean-sweep of wins for the men's Scott-SRAM MTB-Racing and women's Investec-songo-Specialized pairs ahead of Stage 3's 107km out-and-back loop from Oak Valley Estate in Elgin; but this is the Absa Cape Epic and it's not often that a story can be concluded prior to the crossing of the finish line at Val de Vie Estate. In the Men's category, overnight leaders Nino Schurter and Lars Forster (Scott-SRAM MTB-Racing) started the fourth day of racing with a healthy four-minute lead after three stage wins, but a puncture on Groenlandberg for Forster - and problems removing the tyre - meant he was forced to ride on the rim for a while before receiving a new wheel. Their problems ended up costing the dominant leaders a massive nine minutes and the overall lead before they could start their chase back.

Loadshedding hits Sea Point restaurant business hard

Loadshedding is hitting business in the popular suburb of Sea Point on the Cape Peninsula very hard. The Stage 4 scheduled times are effecting both the lunch and supper services of the more than 70 restaurants in the area. La Perla is a family-run Italian restaurant. Manager Ritesh Sewsunker says, "The guests are not allowed to order everything off the menu and I mean there's crucial items that can't be served.

Court rules extension of wage agreement to Amcu valid and lawful

Labour court rejects labour union's request to hold industry-wide strike. South Africa's labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the miner said. Sibanye had in December extended the agreement, reached the previous month with the National Union of Mineworkers, UASA and Solidarity, to all employees at its South African gold operations, including members of the Association of Mineworkers and Construction Union (Amcu). Amcu had however rejected the extension as unscrupulous and said it would remain on strike, disputing the miner's argument that the action was illegal because of the extension. Amcu has been on strike at Sibanye-Stillwater's gold operations since mid November in a pay dispute. In February it wanted to extend the strike to at least 11 other mines, including the gold and platinum operations of Anglo American, and operations of Harmony Gold and Lonmin. But the labour court rejected Amcu's request to hold an industry-wide strike. "We are extremely pleased with the ruling provided by the Labour Court," Sibanye-Stillwater Chief Executive Neal Froneman said in a statement. "It provides a clear path forward to resolving the ongoing strike in a manner which does not compromise our values or undermine our other stakeholders, who have also been negatively impacted by the Amcu strike action," Froneman added. Froneman urged Amcu to respect the ruling and allow due processes to be followed. Amcu was not immediately available for comment..

Strike-plagued Sibanye claims major victory in latest court ruling

A third consecutive labour court ruling in its favour says a three-year wage deal struck with three other unions can be extended to Amcu The Association of Mineworkers and Construction Union (Amcu) lost a critically important court case on Wednesday in opposing the rights of Sibanye-Stillwater to extend the wage deal signed with three other unions at its gold mines. Amcu called some 14,000 of its members out on strike starting on November 21 to demand a better wage deal than the one Sibanye signed with three other unions last year, marking the start of a long series of court battles. The last three have gone in Sibanye's favour, leaving Amcu in an increasingly weakened position. It has become ever more apparent that the only resolution to the protracted strike will come from a legal process as both the company and Amcu have refused to budge from their entrenched positions as the strike is about to enter its fifth month. In the latest labour court ruling, Judge Connie Prinsloo ruled that Sibanye and the three unions it has settled a three-year wage deal with are entitled to extend the agreement to Amcu. The other three unions, the National Union of Mineworkers (NUM), Solidarity and Uasa, all signed a three-year wage agreement that stipulated a R700 a month increase in the first two years and R825 a month more in the final year. Amcu demanded a R1,000 monthly increase. Amcu had approached the court to prevent an extension of the agreement with the three other unions.

Steinhoff's share bounce fizzles out

After gaining 10% earlier in the week, shares in Steinhoff International Holdings [JSE:SNH] have returned to where they were trading before the multinational retailer released an overview of the PwC forensic report into its books.   The Stellenbosch-headquartered household goods and furniture conglomerate published an 11-page overview of a long-awaited forensic on Friday after the close of markets.   The group's shares shot up by 10% in early trade on Monday morning when markets opened, but have been trending downwards since then.  By the end of Wednesday, Steinhoff shares were trading at R1.83, marginally below their Monday opening value of R1.84.   The overview of the forensic investigation stated that "small group" of former Steinhoff executives, working with executives at other companies, inflated the profit and asset values of the group for years. Steinhoff has said the full 15 000-page PwC report is legally privileged and confidential.  On Tuesday Steinhoff executives presented an overview of the report to a joint sitting of four Parliamentary committees, at a meeting that also included presentations by the JSE, the Companies and Intellectual Property Commission, the Hawks and the National Prosecuting Authority.  The committee instructed Steinhoff CEO Louis du Preez to name the people implicated in the report. Their names had not been given in the 11-page overview, or documents submitted for the meeting.  Du Preez said the "small group" of executives mentioned in the PwC report are: Markus Jooste; Dirk Schreiber; Ben la Grange and Stehan Grobler.

Empowering business leaders to transform their organisations

Top Empowerment, South Africa's premier transformation platform, will host its annual conference in Johannesburg on 10 and 11 April. The leading empowerment knowledge-sharing platform in the country, the event will arm business leaders with the latest insights into transformation and identify opportunities to help businesses thrive. Aiming to accelerate empowerment in South Africa to ensure an all-inclusive economy through transformation, the two-day conference will comprise of case studies from award-winning organisations, discussions and networking sessions.

Fin24.com | Steinhoff's share bounce fizzles out

After gaining 10% earlier in the week, shares in Steinhoff have returned to where they were trading before the multinational retailer released an overview of the PwC forensic report into its books..

Business Nigeria considers extending gas supply line to Algeria

The Nigerian National Petroleum Corporation (NNPC), in line with its initiative to integrate Africa, has The planned expansion will see the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline system stretched from Kano to Algeria in northern Africa. The MD also reaffirmed the government's plan to The state-run oil company has recorded major progress in its search for crude in the northern part of the country. So far, drilling in the Kolmani River II well in Bauchi state has reached 6,700 feet so far, from a target of 14,200 feet. According to Baru, the recent inland exploration in the country was part of the government's plan and the president has been supportive of the search for hydrocarbon resources in Kolmani River. Last year, the NNPC said that it was working in collaboration with a Chinese consortium towards concluding the procedures for funding the $2.8 billion AKK pipeline..

GLOBAL MARKETS-Shares tick up with Fed boost; oil hits four-month peak

* World shares up as Wall Street gets Fed boost * Dovish Fed drags Treasury yields lower * Sterling falls as much as 0.9 pct to the dollar, bounces back (Updates prices, comments after Fed statement) By Rodrigo Campos NEW YORK, March 20 (Reuters) - Stocks across the world fought to extend their longest winning streak of the year on Wednesday, with a global index edging up as a boost from a dovish Federal Reserve more than offset concerns over U.S.-China trade talks. In a major shift in its perspective, the Fed expects no rate hikes this year and only one in 2020, no longer anticipating the need to guard against inflation with restrictive monetary policy. The central bank also said it would stop reducing the size of its balance sheet by the end of September, sooner than expected.

Load shedding: A boom for generator sales

Generators are flying off the shelves of giant retail stores as a result of load shedding that is unlikely to loosen its grip on the country any time soon. The increase in sales comes as Public Enterprises Minister Pravin Gordhan on Tuesday announced that there was no end in sight for load shedding. "We understand the frustration and we want to apologise for the additional burden we are placing on the people of South Africa," Gordhan said.

Med Crude-Urals diffs soften further in NWE as loadings set to rise

MOSCOW, March 20 (Reuters) - Urals crude differentials in northwest Europe slipped again on Wednesday after Russia's provisional loading plan for April 1-10 showed Baltic exports up by 10.5 percent from the same period in March. Urals crude loadings from Primorsk and Ust-Luga over April 1-10 will rise to 2.1 million tonnes from 1.9 million tonnes over March 1-10, the document seen by Reuters showed. Urals and Siberian Light loadings from Novorossiisk over April 1-10 are seen at 0.685 million tonnes, up from 0.6 million tonnes over March 1-10.

Vodacom in partnership with the Department of Basic Education showcase a new education ecosystem at work in Limpopo

Wednesday, 20 March 2019 LIMPOPO - The Vodacom Foundation in partnership with the Department of Basic Education, Nelson Mandela Foundation, UN Women and Global Citizen, showcased a new education ecosystem at the Divhani Community Crèche and Frank Ravele Secondary School in Vhembe District, Limpopo, today. Through the new ecosystem, Vodacom Foundation will define a comprehensive model of support and corporate social investment in local communities by supporting education from childhood to adulthood and leveraging technological innovations to develop the skills that we need now and into the future. The new ecosystem will see Vodacom intensify its support to its already established 12 schools of excellence, identified in partnership with the Department of Basic Education, and the 15 Early Childhood Development (ECD) Centres Vodacom committed to upgrading over a period of three years.

Small business hit hardest by Eskom crisis, warns Uasa

Public Enterprise Minister Pravin Gordhan's admission that he was unable to say when the rotational blackouts would come to an end was a clear indication of the trouble South Africa finds itself in, trade union the United Association of South Africa (UASA) said on Wednesday. UASA spokesperson Stanford Mazhindu said micro businesses were hit hardest as many could not afford generators. Micro and medium-sized business employers would soon be unable to afford to pay staff and more South Africans would join the masses of the unemployed.

Ben la Grange cooperates with authorities on investigations into Steinhoff

La Grange was suspended last August but remains on the Steinhoff payroll as a consultant. | JOHANNESBURG - Suspended former chief financial officer at Steinhoff Ben la Grange said on Wednesday he was helping authorities with investigations into the R100 billion plus accounting scandal at the South African retailer. La Grange is one of eight individuals named in an investigation of what an independent report by auditor PricewaterhouseCoopers (PwC) said was a complex scheme in which intercompany deals were wrongly recorded as external income to prop up profits and hide costs in underperforming subsidiaries. He said on Wednesday he was cooperating with all government agencies. La Grange was suspended last August but remains on the Steinhoff payroll as a consultant. Steinhoff was summoned to provide the Financial Sector Conduct Authority (FSCA) with the full report it had received from audit firm PwC on the fraud and corruption that led to the company's shares going into free-fall nearly a year and a half ago. Steinhoff had, so far, released an 11-page summary of the 3,000-plus page report and did not name the former executives involved.

KIA K2700 | See where the K2 will take your business

The KIA K2700 workhorse is light commercial vehicle trusted by thousands of South Africans to keep their businesses going. Its 1.3 ton payload, torquey engine and 5 year/Unlimited kilometre warranty, you'll be surprised at where the KIA K2700 will take your business. Learn more: http://bit.ly/K27ly.

Suspended Steinhoff CFO helps authorities with fraud investigation

The suspended former chief financial officer of Steinhoff is helping authorities with investigations into $7 billion-plus (5.3 billion pounds) accounting fraud at the South African retailer, he said on Thursday. Ben la Grange is one of eight individuals named in an investigation of what an independent report by auditor PwC said was a complex scheme in which intercompany deals worth 6.4 billion euros (5.5 billion pounds) were wrongly recorded as external income to prop up profits and hide costs in underperforming subsidiaries. "I am cooperating with all government agencies," said La Grange, who was suspended last August but remains on the Steinhoff payroll as a consultant.

Markets tread cautiously ahead of US Fed rate decision

The JSE retreated on Wednesday as it tracked other global markets lower ahead of the US Fed's rate decision. The US Fed is scheduled to announce its interest rate decision at 20:00 on Wednesday, in which the Fed is widely forecasted to leave rates unchanged at 2.50%. More attention will be on the press conference which follows at 20:30 as investors look for clues on the Fed's intention to continue shrinking its balance sheet.

Steinhoff's former CFO working with authorities on fraud investigation

JOHANNESBURG (Reuters) - The suspended former chief financial officer of Steinhoff is helping authorities with investigations into $7 billion-plus accounting fraud at the South African retailer, he said on Thursday. Ben la Grange is one of eight individuals named in an said was a complex scheme in which intercompany deals worth 6.4 billion euros ($7.3 billion) were wrongly recorded as external income to prop up profits and hide costs in underperforming subsidiaries.WATCH: "I am cooperating with all government agencies," said La Grange, who was suspended last August but remains on the Steinhoff payroll as a consultant.WATCH: Former CEO Markus Jooste, who could not reached for comment through his lawyer, is among the eight executives named in the 15,000-word report conducted by PwC over the past 15 months. Jooste has previously denied any wrongdoing. Steinhoff is under investigation by South Africa police, the Financial Sector Conduct Authority capital markets watchdog and exchange operator JSE. The state prosecutor in Oldenburg, Germany, has also been investigating the company for suspected accounting irregularities since 2015. Steinhoff first disclosed the hole in its accounts in December 2017, shocking investors who had backed its reinvention from a small South African business to a multinational retailer at the vanguard of the European discount furniture retail industry. ($1 = 0.8803 euros) Reporting by Tiisetso Motsoeneng; Editing by David Goodman.

Rising energy costs, rates and taxes worry property owners

South African Property Owners Association (Sapoa) members have expressed concern about matters that may affect the sustainability of their assets in South Africa and the association is taking every effort to help its members tackle the various challenges they face, Sapoa president Ipeleng Mkhari says. Speaking at a media lunch on Tuesday, in Johannesburg, she indicated that Sapoa members' key concerns were centred around the sustainability of their assets and investments in properties, especially in a difficult economy. Members are particularly concerned about the high cost of electricity, which is set to rise even further when Eskom implements the tariff increases recently approved by the National Energy Regulator of South Africa. Moreover, load-shedding could further negatively impact on the sustainability of property owners' assets.

FINTEGIC (RF) LIMITED - FNTA10 - Listing of New Financial Instrument

Release Date: 20/03/2019 14:20 Code(s): FNTA10 Wrap Text FNTA10 - Listing of New Financial Instrument Fintegic (RF) Limited (previously SSI SCF (RF) Limited) (Incorporated in the Republic of South Africa) (Registration number 2017/448717/06) Company code: FTGI Bond Code: FNTA10 ISIN: ZAG000157728 ("Fintegic" or "the Issuer") LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted the Issuer the listing of its Senior Unsecured Fixed Rate Notes, in terms of its Note Programme dated 23 February 2018 ("the Programme") with a payment guarantee issued by Santam Limited, effective 26 March 2019. Type of Debt Security: Fixed Rate Notes Debt Security Code: FNTA10 ISIN: ZAG000157728 Nominal Issued: ZAR 44 075 898.00 Issue Price: 100% Issue Date: 26 March 2019 Coupon Rate: 8.35% Interest Commencement Date: 26 March 2019 First Interest Payment Date: 3 June 2019 Interest Payment Date(s): 3 June 2019 Last Day to Register: By 17h00 on 20 May 2019 Books Close: 21 May 2019 Maturity Date: 3 June 2019 Business Day Convention: Following Business Day Final Maturity Amount: 100% of the Nominal Amount Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme, however, please note the Features of the Underlying Payment Obligation contained in Annexure A and the payment guarantee contained in Annexure B Summary of Additional Terms: Not Applicable Programme Amount: ZAR 1 000 000 000.00 Total Notes in Issue Under Programme: ZAR 210 209 065.00, exclusive of this issuance of notes The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. 20 March 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/03/2019 02:20:00 Produced by the JSE SENS Department.

Business News - 19 March 2019

Eskom's problems won't be solved overnight says Gordhan, Steinhoff names and shames responsible parties and Sasfin soars on a healthier credit book..

ANGLOGOLD ASHANTI LIMITED - Disclosure of Beneficial Interests in Securities

Wrap Text Disclosure of Beneficial Interests in Securities AngloGold Ashanti Limited (Incorporated in the Republic of South Africa) Reg. No. 1944/017354/06 ISIN: ZAE000043485 - JSE share code: ANG CUSIP: 035128206 - NYSE share code: AU JSE Bond Company Code - BIANG ("AngloGold Ashanti" or the "Company") NEWS RELEASE DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, AngloGold Ashanti shareholders are advised that the Company has received formal notification from Van Eck Associates Corporation ("Van Eck"), that it has disposed of a beneficial interest in the securities of the Company. Accordingly, Van Eck's total beneficial interest in AngloGold Ashanti's securities now amounts to 6.88% of the issued ordinary share capital of the Company. This notification comes after the exit of AngloGold Ashanti from Market Vectors Index Solutions (MVIS) Global Junior Gold Miners Index on 15 March 2019, following the MVIS quarterly and semi- annual index review announced on 8 March 2019. The MVIS Global Junior Gold Miners Index is a modified market cap-weighted index that tracks the performance of the most liquid junior gold and silver mining companies.

STEINHOFF INTERNATIONAL HOLDINGS N.V. - Request For Extension Of Long-Stop Date Under The SEAG CVA, The SFHG CVA And The Loc

Wrap Text Request For Extension Of Long-Stop Date Under The SEAG CVA, The SFHG CVA And The Lock-Up Agreement Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 FINANCIAL RESTRUCTURING - REQUEST FOR EXTENSION OF LONG-STOP DATE UNDER THE SEAG CVA, THE SFHG CVA AND THE LOCK-UP AGREEMENT FINANCIAL RESTRUCTURING - REQUEST FOR CONSENT TO AMEND CERTAIN TERMS OF THE SEAG CVA AND THE SFHG CVA Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group") Defined terms used but not otherwise defined in this announcement shall have the same meaning as in the company voluntary arrangement proposed in relation to SEAG (the "SEAG CVA") and/or the company voluntary arrangement proposed in relation to SFHG (the "SFHG CVA") (as applicable and as the context dictates). As reported previously, the SEAG CVA and the SFHG CVA were both approved by significant majorities of their respective creditors and by their members at meetings held on 14 December 2018. The SEAG CVA documentation and SFHG CVA documentation can be downloaded at www.lucid-is.com/steinhoff. As previously announced, on 10 January 2019, SEAG was notified of an application issued by LSW GmbH ("LSW"), a company claiming to be a creditor of SEAG, challenging the SEAG CVA (the "Application").

What to do when faced with the possibility of retrenchment

JOHANNESBURG - Faced with the possibility of losing your job may cause panic to set in as you consider your mounting monthly expenses and dwindling bank balance.  Debts such as medical aid, car and house payments and school fees do not stop, but there are ways to manage your financial affairs to navigate through this time. Sometimes a voluntary retrenchment, accompanied by a package, can be a positive for someone, especially those who have been with a company for many years and stuck in a job or salary rut. "Don't panic you're not the first person that it's happened to, it's not personal.

RESILIENT REIT LIMITED - Withdrawal of cautionary announcement

Wrap Text Withdrawal of cautionary announcement RESILIENT REIT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/016851/06) JSE share code: RES ISIN: ZAE000209557 Bond company code: BIRPIF (Approved as a REIT by the JSE) (the "Company") WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT The Company refers to the SENS announcement by Fortress REIT Limited released today and withdraws its cautionary announcement of 5 March 2019. 20 March 2019 Corporate advisor and sponsor Java Capital Date: 20/03/2019 12:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

NEPI ROCKCASTLE PLC - Circular to NEPI Rockcastle shareholders in respect of an election to receive either cash or return of

Wrap Text Circular to NEPI Rockcastle shareholders in respect of an election to receive either cash or return of capital NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V JSE and Euronext share code: NRP ISIN: IM00BDD7WV31 ("NEPI Rockcastle" or "the company") CIRCULAR TO NEPI ROCKCASTLE SHAREHOLDERS IN RESPECT OF AN ELECTION TO RECEIVE EITHER A CASH DIVIDEND OR A RETURN OF CAPITAL Shareholders are referred to the condensed consolidated financial results for the year ended 31 December 2018 released on SENS and Euronext Amsterdam on 27 February 2019 (the "results announcement"), wherein it was stated that the board of directors of NEPI Rockcastle had declared a distribution of 26.37 euro cents per share for the second half of 2018. The results announcement stated further that shareholders would be afforded the opportunity to elect to receive the distribution either in cash (the "cash dividend") or as an issue of fully- paid shares (the "return of capital"). The election is available in respect of all or part of a shareholder's shareholding as at Friday, 12 April 2019. Cash dividend The cash dividend will be paid to shareholders unless a shareholder elects to receive a return of capital. Shareholders holding shares traded on the JSE will receive the cash dividend in South African Rand converted from Euro at an exchange rate to be announced on Tuesday, 9 April 2019 ("reference price").

Petra resists shareholder calls to replace chairman, Adonis Pouroulis

PETRA Diamonds has thrown its weight behind long-standing non-executive chairman, Adonis Pouroulis, who was on the wrong end of a vote in its annual general meeting (AGM) during November, saying it was appropriate he retain his role. About 22% of shareholders at the AGM voted against the re-election of Pouroulis who founded the company in 1997. After a shaky start, Petra went to become a stalwart of the UK's Alternative Investment Market having been its first member.

NEDBANK GROUP LIMITED - Dealings in securities by executive directors and company secretary: vesting of restricted shares

Wrap Text Dealings in securities by executive directors and company secretary: vesting of restricted shares NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK ISIN: ZAE000004875 ("Nedbank Group") DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY: VESTING OF RESTRICTED SHARES PREVIOUSLY ALLOCATED IN 2016 The following information is disclosed in respect of the vesting of Nedbank Group restricted shares previously granted to the executive directors and the Company Secretary of Nedbank Group and Nedbank Limited (‘Nedbank') in terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme. This voluntary announcement confirms only that the executive directors are now entitled to 96.1% of the restricted shares allocated with performance-based vesting criteria on 17 March 2016, which vested on 18 March 2019. The Company Secretary is now entitled to 97.9% of the restricted shares allocated with performance-based vesting criteria on 17 March 2016, and 100% of the restricted shares allocated with time-based vesting criteria on 18 March 2016, which vested on 18 and 19 March 2019 respectively. This is not classified as a ‘dealing' in terms of JSE Listings Requirements. The executive directors were awarded restricted shares with performance-based vesting criteria only, and the Company Secretary was awarded restricted shares with both performance-based and time-based vesting criteria. The restricted shares were issued at no cost to eligible employees and are fully taxable and subject to the deduction of PAYE at the time of vesting.

Minutes and reports

Cooperative Governance and Traditional Affairs Portfolio Committee Legacy Report Cooperative Governance and Traditional Affairs • 20 Mar 2019 Social Development • 20 Mar 2019 Illicit Financial Flows Finance Standing Committee • 20 Mar 2019 National Gambling Amendment Bill [B27B-2018]: final mandates Trade and Industry • 20 Mar 2019 Justice and Correctional Services Portfolio Committee Legacy Report Justice and Correctional Services • 20 Mar 2019 SANDF Deployment to Vaal River System: DWS & SANDF briefing; Rand, Sedibeng, Bloem Water Boards 2017/18 Annual Report; Tembisa and Ekurhukeni petitions: DWS & Rand Water Board responses Water and Sanitation • 19 Mar 2019 Steinhoff follow-up meeting Finance Standing Committee • 19 Mar 2019 Agriculture, Forestry and Fisheries Portfolio Committee Legacy Report Agriculture, Forestry and Fisheries • 19 Mar 2019 Non-completion of trade agreement; farewell Trade and Industry • 19 Mar 2019 National Minimum Wage Amendment Bill: finalisation Labour • 18 Mar 2.

EOH HOLDINGS LIMITED - Rescheduling of release of interim results

Wrap Text Rescheduling of release of interim results EOH HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/014669/06) JSE share code: EOH ISIN: ZAE000071072 ("EOH" or "the Group") RESCHEDULING OF RELEASE OF INTERIM RESULTS Shareholders are advised that the anticipated release of the interim financial results for the six-month period ended 31 January 2019 ("Interim Results") is rescheduled. This will allow the new Group Financial Director, Ms. Megan Pydigadu (who was appointed with effect from 15 January 2019), to complete a financial review arising, in part from the changes to the Group's strategic direction.

TIGER BRANDS LIMITED - Completion of sale of shares in Oceana by Tiger Brands

Wrap Text Completion of sale of shares in Oceana by Tiger Brands TIGER BRANDS LIMITED "Tiger Brands" or "the Company" (Incorporated in the Republic of South Africa) (Registration number 1994/017881/06) Share code: TBS ISIN: ZAE000071080 COMPLETION OF THE SALE OF SHARES IN OCEANA GROUP LIMITED ("OCEANA") BY TIGER BRANDS Shareholders are referred to the announcement released on SENS on 24 January 2019 regarding the proposed sale by Tiger Brands of 8,000,000 ordinary shares in Oceana to Brimstone Investment Corporation ("the Transaction"), and the updated announcement issued on 1 March 2019 on SENS wherein shareholders were advised that the conditions precedent in relation to the Transaction have been duly fulfilled by Brimstone. Shareholders are further advised that the Transaction was successfully completed on 20 March 2019. Pursuant to the above, Tiger Brands will have 49,104,774 remaining shares in Oceana. Tiger Brands is proceeding with the necessary steps to complete the unbundling of these shares to its shareholders during the second quarter of the 2019 calendar year. A further announcement will be made in due course setting out the detailed terms of the unbundling and containing important notices and guidance for Tiger Brands shareholders. Bryanston 20 March 2019 Sponsor: J.P.

Anglo earmarks $162m for Australian coal mine rehabilitation

PERTH (miningweekly.com) - Diversified miner Anglo American on Wednesday announced that it would invest more than $162-million to rehabilitate its Australian mining operations over the next five years. The company's Australian operations includes five metallurgical coal mines in Queensland, of which two are opencut and three are underground operations. Anglo American will be spending some $82-million on rehabilitating its opencut Dawson mine, and some $40-million at its Capcoal opencut mine. CEO for the metallurgical coal business, Tyler Mitchelson said on Wednesday that the company was committed to the highest standards of environmental performance. "We continue to innovate and pursue best practice mine rehabilitation across our business, and this approach is already delivering outstanding results. "Anglo American's Dawson mine has been leading the way in innovation rehabilitation approaches, including the successful rehabilitation of an area previously containing void highwall, and use of rehabilitated land for cattle grazing." Meanwhile, the alliance between major BHP and Mitsubishi (BMA) has received environmental certification from the Queensland government over nearly 1 500 ha of rehabilitated land in the Bowen basin, including the largest tract of mining-affected land ever certified by the state. BMA on Wednesday said that a 1 176 ha section of land related to underground operations at the Gregory Crinum mine, was the first of two separate parcels to be certified by the Department of Environment and Science.

FORTRESS REIT LIMITED - Withdrawal of cautionary announcement

Wrap Text Withdrawal of cautionary announcement FORTRESS REIT LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/016487/06) JSE share codes: FFA ISIN: ZAE000248498 FFB ISIN: ZAE000248506 Bond Company code: FORI (Approved as a REIT by the JSE) ("Fortress" or the "Company") WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement released on SENS on 5 March 2019 regarding a non-binding expression of interest provided by Fortress to Resilient REIT Limited ("Resilient") regarding a proposed transaction. Fortress has advised Resilient of its decision not to proceed with discussions citing no reasonable prospect of reaching consensus on all aspects of the proposed transaction and accordingly it is no longer necessary for shareholders to exercise caution when dealing in the Company's securities. The Company's cautionary announcement of 5 March 2019 is hereby withdrawn. 20 March 2019 Joint sponsor Corporate advisor and transaction sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Lead sponsor Java Capital Date: 20/03/2019 12:35:00 Produced by the JSE SENS Department.

DISCOVERY LIMITED - Dealing in securities by a director

Wrap Text Dealing in securities by a director DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY, DSYBP DSY ISIN: ZAE000022331 DSBP ISIN: ZAE000158564 JSE bond code: DSYI DEALING IN SECURITIES BY A DIRECTOR In compliance with the Listings Requirements of the JSE Limited, the following information is disclosed: Director : Faith Khanyile Company : Discovery Limited Office held : Non-Executive Director Nature of transaction : On-market purchase of securities Class of securities : Discovery Limited ordinary shares Date of transaction : 19 March 2019 Number of securities : 800 Purchase price : 14 500.00 cents per share Total value of transaction : R116,000.00 Nature of interest : Direct beneficial Clearance obtained : Yes Sandton 20 March 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/03/2019 05:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

Miller Lite co-opts Bud Lights ‘Dilly Dilly' world in attack ads

Miller Lite is crashing Bud Light's "Dilly Dilly" kingdom with two new ads that escalate the ongoing marketing war between MillerCoors and Anheuser-Busch InBev. One of the spots begins with what appears to be final scene of Bud Light's "Game of Thrones" Super Bowl ad, in which its Bud Knight character was slayed. But in Miller Lite's version, the ad cuts to the real world, and the actor playing the Knight grabs a Miller Lite, not a Bud Light, from a hospitality tent.

BRIMSTONE INVESTMENT CORPORATION LIMITED - Conclusion of acquisition of shares in Oceana from Tiger Brands

Wrap Text Conclusion of acquisition of shares in Oceana from Tiger Brands Brimstone Investment Corporation Limited (Incorporated in the Republic of South Africa) Registration number 1995/010442/06 Share Code: BRT ISIN: ZAE000015277 Share Code: BRN ISIN: ZAE000015285 ("Brimstone") CONCLUSION OF ACQUISITION OF SHARES IN OCEANA FROM TIGER BRANDS Further to the announcements released on the Stock Exchange News Service of the JSE Limited on 24 January 2019 and 1 March 2019 regarding the proposed acquisition by Brimstone of 8 000 000 Oceana Group Limited ordinary shares from Tiger Brands Limited (the "Transaction"), Brimstone shareholders are advised that the Transaction was successfully completed on 20 March 2019. The Transaction increases Brimstone's shareholding in Oceana from 16.98% to 22.88%. 20 March 2019 Cape Town Investment bank, corporate advisor and sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Financial advisor and mandated lead arranger The Standard Bank of South Africa Limited Legal advisors DLA Piper South Africa (Proprietary) Limited Cliffe Dekker Hofmeyr Date: 20/03/2019 03:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

LIBERTY HOLDINGS LIMITED - Finalisation of Fairness Opinion - Small Related Party Transaction

Wrap Text Finalisation of Fairness Opinion - Small Related Party Transaction LIBERTY HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number 1968/002095/06 ISIN code: ZAE000127148 Alpha Code LBH ("Liberty Holdings" or "Company") FINALISATION OF FAIRNESS OPINION - SMALL RELATED PARTY TRANSACTION Shareholders of Liberty Holdings ("Shareholders") are referred to the Company announcement released on the Stock Exchange News Service ("SENS") on 27 February 2019, which advised Shareholders that the Company had entered into a Sale and Purchase Agreement with The Standard Bank of South Africa Limited to dispose of 100% of the technology platform (the "Transaction"), and the appointment of Ernst & Young Advisory Services (Pty) Limited ("EY"), as the Independent Expert with regards to the provision of a fairness opinion in relation to the Transaction. EY has concluded and confirmed to the Board of Liberty Holdings that the terms of the transaction are fair as far as the Shareholders, other than SBG, are concerned, and in this regard a copy of such fairness opinion has been provided to the JSE. As required in terms of paragraph 10.7(c) of the JSE Limited Listings Requirements, the fairness opinion will lie open for inspection at the registered offices of Liberty Holdings at 1 Ameshoff Street, Braamfontein Johannesburg for a period of 28 days from the date of this announcement. 20 March 2019 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 20/03/2019 04:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

INVESTEC LIMITED - Transaction by PDMR , Director of Major Subsidiary and Company Secretary in Investec Limited and Investec

Wrap Text Transaction by PDMR , Director of Major Subsidiary and Company Secretary in Investec Limited and Investec plc Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 As part of the dual listed company structure, Investec plc and Investec Limited (together "Investec") notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries, (ii) persons discharging managerial responsibilities (PDMRs) across the group, and (iii) in certain instances the directors of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements. TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Henry Blumenthal 2 Reason for the notification a) Position/status PDMR b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Investec Limited b) LEI 213800CU7SM6O4UW

Tanzania eyes deal with RwandAir to ferry fish to overseas markets

A laboratory staff member chops fish while preparing it for radiation measurement testing. DAR ES SALAAM - Tanzanian and Rwandan officials were in talks to enable RwandAir ferry fish from Mwanza airport in northern Tanzania to overseas markets, an official said on Tuesday.  Luhaga Mpina, Tanzania's Minister for Livestock and Fisheries, told stakeholders in the fishing industry in Mwanza city that he was confident that the deal would go through.  "Should the two sides strike a deal, it will be a massive relief for Lake Zone fish traders, who have, for a long time, been seeking an alternative airline to transport their products abroad," said Mpina.  Usually, the wholesale fish dealers in the region have been relying on Entebbe and Nairobi airports in Uganda and Kenya respectively, which they claim are more costly.  "Indeed, the talks are at an advanced stage for RwandAir planes to transport fish from Mwanza to overseas markets," said the minister. He said the government collected 1.7 trillion Tanzanian shillings (about 726 million US dollars) from the fishing industry in the 2017/18 financial year, out of which 1.1 trillion shillings were from Lake Victoria.  Sijaona James, the spokesperson of the Tanzania Fishermen Union, said over 1,000 tonnes of fish could not be exported in the past few months because of transport problems.

SIBANYE GOLD LIMITED - Labour Court declares the extension of the wage agreement to AMCU, valid and lawful

Wrap Text Labour Court declares the extension of the wage agreement to AMCU, valid and lawful Sibanye Gold Limited Trading as Sibanye-Stillwater Incorporated in the Republic of South Africa Registration number 2002/031431/06 Share code: SGL ISIN - ZAE000173951 Issuer code: SGL ("Sibanye-Stillwater" or "the Group" or "the Company") Labour Court declares the extension of the wage agreement to AMCU, valid and lawful Johannesburg, 20 March 2019: Sibanye-Stillwater (JSE: SGL and NYSE: SBGL) is pleased to advise that it has today received judgement from the Labour Court (the Court), which declares that the extension, on 18 February 2019, of the gold wage agreement reached with the National Union of Mineworkers (NUM), UASA and Solidarity, to AMCU and other non-unionised employees, is valid and lawful in terms of Section 23(1)(d) of the Labour Relations Act, No 66 of 1995 (S23(1)(d)). The agreement is applicable to non-parties of the agreement. As a result of the legally binding nature of the extension agreement, the Company will now commence and participate with an independent verification process, to confirm the various unions' level of representivity required to implement the extension agreement. Neal Froneman, CEO of Sibanye-Stillwater comments: "We are extremely pleased with the ruling provided by the Labour Court. This judgment provides clarity to all parties on the legal standing of the application of the extension of the wage agreement to AMCU in terms of Section 23(1)(d). Furthermore, it provides a clear path forward to resolving the ongoing strike in a manner which does not compromise our values or undermine our other stakeholders, who have also been negatively impacted by the AMCU strike action.

TELKOM SA SOC LIMITED - New Financial Instrument Listing Announcement TLC07 & TLC08

Wrap Text New Financial Instrument Listing Announcement - TLC07 & TLC08 Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) ("Telkom" or "the Company") Bond code: TLC07 ISIN: ZAG000157876 Bond code: TLC08 ISIN: ZAG000157884 New Financial Instrument Listing Announcement - TLC07 & TLC08 The JSE Limited has granted a listing of new financial instruments under Telkom's Domestic Medium Term Note Programme on the Interest Rate Market. Authorised programme size R10,000,000,000.00 Total notes in issue R1,000,000,000.00 (including these issues) Full instrument details are as follows: Bond Code TLC07 ISIN ZAG000157876 Nominal Issued R400,000,000.00 Issue Price 100% Coupon Rate Indicator Floating Coupon 7.75% (3 Month JIBAR as at 15 March 2019 of 7.150% plus 60 bps) Trade Type Yield Issue / Settlement Date 22 March 2019 Maturity Date 17 September 2019 Interest Commencement Date 22 March 2019 Interest Payment Date/s 18 June and 17 September 2019 Last Day to Register By 17:00 on 6 June 2019 and 6 September 2019 or the last day immediately preceding the commencement of the Books Closed Period (all dates inclusive) Books Close Date(s) 7 June 2019 and 7 September 2019 Date Convention Following Business Day Bond Code TLC08 ISIN ZAG000157884 Nominal Issued R 800,000,000.00 Issue Price 100% Coupon Rate Indicator Floating Coupon

REDEFINE PROPERTIES LIMITED - New financial instrument listing RDFB21

Release Date: 20/03/2019 17:20 Code(s): RDFB21 Wrap Text New financial instrument listing - RDFB21 REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration no: 1999/018591/06) Company code: BIRDF (Approved as a REIT by the JSE) ("Redefine") NEW FINANCIAL INSTRUMENT LISTING - RDFB21 The JSE Limited has granted Redefine a listing of its RDFB21 Senior Unsecured Floating Rate Notes, due 22 March 2026, in terms of its Domestic Medium-Term Note Programme dated 23 August 2018. Authorised programme size: R30 000 000 000.00 Total notes in issue (before this issue): R23 345 817 000.00 Total notes in issue (after this issue): R23 515 817 000.00 Bond code: RDFB21 Nominal issued: R170 000 000.00 Issue price: 100% Coupon: 8.95% (3 Month JIBAR as at 18 March 2019 of 7.150% plus 180 bps) Coupon Rate Indicator: Floating Issue date: 22 March 2019 Maturity date: 22 March 2026 Interest commencement date: 22 March 2019 Last day to register: By 17h00 on 11 March, 11 June, 11 September and 11 December of each year until Maturity Date; (or if such day is not a Business Day, by close of business on the Business Day immediately preceding the first day of a Books Closed Period) Books close: The Register will be closed from 12 March to 21 March, 12 June to 21 June, 12 September to 21 September and 12 December to 21 December (all dates inclusive) until the Maturity Date (or if such day is not a Business Day, the immediately preceding day that is a Business Day) Interest payment dates: 22 March, 22 June, 22 September and 22 December until the Maturity Date or, if such day is not a Business Day, the Business Day on which the interest will be paid, as determined in accordance with the applicable Business Day Convention (as specified in this Pricing Supplement) ISIN: ZAG000157959 Business date convention: Following Additional terms and conditions: There are no additional terms and conditions or changes to the terms and conditions as contained in the Domestic Medium-Term Note Programme wh

DISCOVERY LIMITED - Dealing in securities by a director

DSY DSBP DSY03 DSY01 DSY02 DSY04 201903200062A Dealing in securities by a director DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY, DSYBP DSY ISIN: ZAE000022331 DSBP ISIN: ZAE000158564 JSE bond code: DSYI DEALING IN SECURITIES BY A DIRECTOR In compliance with the Listings Requirements of the JSE Limited, the following information is disclosed: Director : Faith Khanyile Company : Discovery Limited Office held : Non-Executive Director Nature of transaction : On-market purchase of securities Class of securities : Discovery Limited ordinary shares Date of transaction : 19 March 2019 Number of securities : 800 Purchase price : 14 500.00 cents per share Total value of transaction : R116,000.00 Nature of interest : Direct beneficial Clearance obtained : Yes Sandton 20 March 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/03/2019 05:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS..

Take charge at the East Coast Radio GIBS Business Breakfast in association with Trade & Investment KwaZulu-Natal

Whether you're a young emerging entrepreneur or someone who has been in the business landscape for years, the East Coast Radio GIBS Business Breakfast in association with Trade & Investment KwaZulu-Natal will have something to offer for everyone. The breakfast that promises to be jam-packed with knowledge and expertise will take place on the 1 st of April 2019 at the Durban ICC. Click here to buy tickets now! This event will be headlined by four keynote speakers who will share and impart their knowledge based on their personal and professional experiences. Speakers include the youngest JSE Director in South Africa also known as the Rockstar of Public Speaking, Vusi Thembekwayo, award-winning marketer and author, Khaya Dlanga, the Founder of Treeshake as well a leader of the Ogilvy Digital Marketing Academy, Dave Duarte and CEO for Trade & Investment KwaZulu-Natal, Neville Matjie.

The Fed thinks the US economy stinks. Markets are thrilled!

Remember back in September 2018, before markets went haywire and the Chinese economy started looking extra-shaky? In those sunnier days, even the chary folks of the Federal Reserve saw good times ahead and predicted the US would grow a solid 2.5% (pdf) in 2019. How quickly minds can change. Fed officials now forecast a measly 2.1% growth this year, according to their announcement (pdf) today (March 20).

?Holomisa: BEE not worth risking state worker pensions

Bantu Holomisa, the leader of the United Democratic Movement, has called for the suspension of all unlisted investments at the Public Investment Corporation (PIC) with immediate effect pending the conclusion of the commission of inquiry into the state asset manager. Holomisa was making his submission before the Mpati commission where he suggested that the commission — which is looking into allegations of impropriety at the corporation — should proactively investigate the PIC's unlisted investments in order to determine if they are above board and generating adequate returns. The commission is headed by Justice Lex Mpati who is assisted by former Reserve Bank governor Gil Marcus and investment expert Emmanuel Lediga.

MPs call for Steinhoff CEO Markus Jooste and accomplices behind bars

The Steinhoff scandal made its way back into Parliament today, with MPs calling for the arrest of those implicated. Members of Parliament felt that law enforcement was taking too long to prosecute CEO Markus Jooste and his accomplices. PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly.co.za News on your News Feed! Members of Parliament are demanding answers on the Steinhoff scandal, with various committee members calling for the arrest of CEO Markus Jooste and his accomplices.

Small company secures six contracts within months of charter's implementation

Black-owned mining services company Mmutle Mining Projects has secured six contracts with different mining companies since Mining Charter 3 was gazetted in September last year. In December, Mineral Resources Minister Gwede Mantashe published the implementation guidelines of the charter, which demands the mining industry implement ownership, mineral beneficiation, procurement and supplier development requirements as part of their licence to operate. The third iteration of the charter places specific emphasis on procurement from black-owned suppliers and service providers, with Mmutle Mining reaping the benefits thereof. Industrial engineer John Mmutle says Zizwe Opencast Mining, which bought out Fraser Alexander Bulk Mech, which previously employed Mmutle as a contract manager, provided him with the necessary skills development and support to establish an independent mining services company. Additionally, the National Empowerment Fund provided Mmutle R13-million for plant, equipment and working capital. "The changes to the Mining Charter requirements around procurement targets for mining companies gives small businesses like mine a chance to participate in the economy," said Mmutle, adding that small companies are now able to bid on bigger platforms with big companies that will partner with and incubate small businesses. Mmutle Mining now employs 73 people. Some of its recently awarded contracts include work for Impala Platinum, in Rustenburg..

S.African court rules extension of wage agreement to AMCU valid and lawful

JOHANNESBURG, March 20 (Reuters) - South Africa's labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the miner said. Sibanye had in December extended the agreement, reached the previous month with the National Union of Mineworkers, UASA and Solidarity, to all employees at its South African gold operations, including members of the Association of Mineworkers and Construction Union (AMCU). AMCU had however rejected the extension as unscrupulous and said it would remain on strike, disputing the miner's argument that the action was illegal because of the extension.

THE SHAKE UP: Koko et al besmirched black excellence

JOHANNESBURG  South Africa has come face to face with the real effects of the state of capture: the ongoing power cuts that have shrunk the countrys overall production and services capacity; the rising electricity prices that threaten to put more people on to the streets and the volatile currency that has been made even more vulnerable by things that could have been avoided.All this points to one thing we are in for a night of the long wake.We all knew we had problems. But we underestimated the net effects.And when the past two weeks brought intermittent power cuts in the middle of summer and weekends when electricity consumption is at its lowest even the most sceptical among us suddenly woke up to the reality that state capture is more than just a chat between drunk friends in a dingy pub in Hillbrow or a Saxonwold shebeen.It is real.In the not too distant future we will begin to count the rands and cents of its impact on our being.We will move beyond the figures that are touted on the economy and businesses.We will talk about real people.From the dusty streets of Katlehong to the valleys of the beautiful villages of Mbangweni we will calculate the costs that the operational and financial problems that have engulfed Eskom have had on us as a nation.The rand has already set the tone tumbling from being the best performing currency among emerging economies to the worst as investors mull over what the Eskom fallout will mean for the economy.Add to that the steady rise in fuel costs in the past two months despite the fact that crude oil prices have not upscaled dramatically then you will know how far we have fallen.When the price of sending goods from the producer to the market increases the sellers pass the cost on to the consumer.Business hates to absorb incidental pressures.And it is the poor of the poorest who get affected the most as the rich can on the whole insulate themselves from inflationary pressures.By the look of things the slide of state capture is likely to continue for month

Biosafety Symposium focuses on biotechnology

Some of the speakers at the Biosafety Symposium. From the left: Johan Burger of Stellenbosch University; Victoria Maloney of the University of Pretoria and Hennie Groenewald of Biosafety South Africa. Biosafety South Africa hosted their second Biosafety Symposium at Diep in die Berg in Pretoria on 14 March.

Steinhoff's corporate crooks: South Africa chants 'Send them to jail!'

EDINBURGH — It seems like yesterday that Steinhoff was a stock market darling and its former CEO Markus Jooste and chairman Christo Wiese were revered among investment analysts. The multinational retailer with roots in South Africa had been growing rapidly and exponentially on the back of an aggressive international acquisition trail . In late 2017, that picture changed quickly, as Jooste announced his resignation amid news that the German authorities were investigating irregular financial activity.

Emirates A380 decal to make stop over in Jozi ahead of WC cricket in England/Wales

THE 2019 Cricket World Cup preparations are on-going, excitement and exuberance will be the order of the day as it bowls off in England and Wales from 30 May to 14 July 2019. Global airline leader Emirates, who are synonymous for sponsoring cricket, amongst other sporting codes, has added themed ‘Emirates A380' decal into the momentum. Emirates ICC Men's Cricket World Cup A380 is scheduled for a world tour that includes a stop-over in Johannesburg, although at the time of publishing it was unclear when would that day be? The decal was installed in time for flight A6-EOH, scheduled today, to fly to London's Heathrow Airport; the host nation of the ICC Men's Cricket World Cup.

EOH shares plummet as group delays publication of financial results

Company says to allow newly appointed group financial director time to complete financial review. In a move that is unlikely to be well received by investors, EOH Holdings said on Wednesday that it will delay publication of its interim financial results by three weeks. The results, for the six months ended January 31, 2019, had been expected to be released on 26 March. They will now be published on April 16. The group's share price fell sharply on the news, and was trading down 10.2% shortly after it informed investors about the delay. In a statement, EOH said it is delaying publication of the results to allow newly appointed group financial director Megan Pydigadu "to complete a financial review arising, in part, from the changes to the group's strategic direction".

AYO PIC CIPC in courtroom showdown

PRETORIA It was a showdown at the North Gauteng High Court in Pretoria on Wednesday between Ayo Technology Solutions (AYO) the Public Investment Corporation (PIC) and the Companies and Intellectual Properties Commission (CIPC).In two separate cases held at a joint sitting in front of Judge Cornelius van der Westhuizen the CIPC faced off with the PIC which is seeking to have a compliance notice issued by the CIPC against its board of directors set aside on the basis that it was irrational and unreasonable and that the process followed by the CIPC was procedurally unfair and unlawful. The compliance notice issued by CIPC was to instruct the directors of the PIC to recover its R4.3 billion investment into AYO. Gilbert Marcus SC representing the PIC said there were a number of red flags in the CIPCs application stating that the time frame was unreasonable and that the grounds provided by the CIPC to issue the compliance notice was based on factual errors.Marcus contended that the CIPC claimed in its issuing of the notice that the PIC board had made a decision to invest in Ayo Technology Solutions. According to Marcus this was not the case as the board was not responsible for signing off the transaction.This was factually incorrect as the decision to invest in AYO was taken through the PICs corporate structures.  Arguing for the CIPC Frans Arnoldi SC was of the view that it was neither here nor there if the board had approved the transaction as ultimately the buck stopped with them and they had to be held accountable.Judge van der Westehuzein reserved his judgment for Monday on the PIC and CIPC matter.In another matter held in the same sitting the CIPC and PIC also faced off as the first and second respondent against AYO Technology Solutions which had launched an urgent application to interdict the CIPCs compliance notice and have it set aside on the basis that it was unconstitutional.Nazeer Cassim SC representing AYO Technology Solutions said the granting of the compliance order would not

NEPI ROCKCASTLE PLC - Circular to NEPI Rockcastle shareholders in respect of an election to receive either cash or return of

NRP 201903200050A Circular to NEPI Rockcastle shareholders in respect of an election to receive either cash or return of capital NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V JSE and Euronext share code: NRP ISIN: IM00BDD7WV31 (‘NEPI Rockcastle' or ‘the company') CIRCULAR TO NEPI ROCKCASTLE SHAREHOLDERS IN RESPECT OF AN ELECTION TO RECEIVE EITHER A CASH DIVIDEND OR A RETURN OF CAPITAL Shareholders are referred to the condensed consolidated financial results for the year ended 31 December 2018 released on SENS and Euronext Amsterdam on 27 February 2019 (the ‘results announcement'), wherein it was stated that the board of directors of NEPI Rockcastle had declared a distribution of 26.37 euro cents per share for the second half of 2018. The results announcement stated further that shareholders would be afforded the opportunity to elect to receive the distribution either in cash (the ‘cash dividend') or as an issue of fully- paid shares (the ‘return of capital'). The election is available in respect of all or part of a shareholder's shareholding as at Friday, 12 April 2019. Cash dividend The cash dividend will be paid to shareholders unless a shareholder elects to receive a return of capital. Shareholders holding shares traded on the JSE will receive the cash dividend in South African Rand converted from Euro at an exchange rate to be announced on Tuesday, 9 April 2019 (‘reference price').

Load shedding: Small business owners are losing money

Many business owners have introduced flexitime for workers and are using generators to power the essentials. | CAPE TOWN - Small business owners across the country are doing whatever they can to mitigate the impact of load shedding. South Africans have once again been saddled with stage 4 blackouts with warnings from Eskom that the power .• Many business owners have introduced flexitime for workers and are using generators to power the essentials. In Cape Town, a Pelican Park barber said his pregnant wife was about to go on maternity leave and they would rely on his income. The father-to-be said he had already lost clients as a result of the rolling blackouts. "Some people come from far and have been travelling long distances to come to my shop, to only find out that electricity has gone out [and] it's frustrating.

SAPPI SOUTHERN AFRICA PROPRIETARY LIMITED - Credit rating announcement - SSA06

SSA06 201903200048A Credit rating announcement - SSA06 SAPPI SOUTHERN AFRICA LIMITED Registration number 1951/003180/06 Incorporated in the Republic of South Africa Stock Code: SSA06 ISIN: ZAG000104472 (‘Sappi Southern Africa') CREDIT RATING ANNOUNCEMENT Sappi Southern Africa hereby notifies all its debt investors that Global Credit Ratings has upgraded the national scale issuer ratings assigned to Sappi Southern Africa Limited to AA-(ZA) and A1+(ZA) in the long and short term respectively, with a Stable outlook on 20 March 2019. Date 20 March 2019 Debt Sponsor: Nedbank Corporate and Investment Banking Date: 20/03/2019 04:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS..

Suspended Steinhoff CFO helps authorities with fraud investigation

JOHANNESBURG, March 20 (Reuters) - The suspended former chief financial officer of Steinhoff is helping authorities with investigations into $7 billion-plus accounting fraud at the South African retailer, he said on Thursday. Ben la Grange is one of eight individuals named in an investigation of what an independent report by auditor PwC said was a complex scheme in which intercompany deals worth 6.4 billion euros ($7.3 billion) were wrongly recorded as external income to prop up profits and hide costs in underperforming subsidiaries. "I am cooperating with all government agencies," said La Grange, who was suspended last August but remains on the Steinhoff payroll as a consultant.

LIBERTY HOLDINGS LIMITED - Finalisation of Fairness Opinion - Small Related Party Transaction

LBH 201903200047A Finalisation of Fairness Opinion - Small Related Party Transaction LIBERTY HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number 1968/002095/06 ISIN code: ZAE000127148 Alpha Code LBH (‘Liberty Holdings' or ‘Company') FINALISATION OF FAIRNESS OPINION - SMALL RELATED PARTY TRANSACTION Shareholders of Liberty Holdings (‘Shareholders') are referred to the Company announcement released on the Stock Exchange News Service (‘SENS') on 27 February 2019, which advised Shareholders that the Company had entered into a Sale and Purchase Agreement with The Standard Bank of South Africa Limited to dispose of 100% of the technology platform (the ‘Transaction'), and the appointment of Ernst & Young Advisory Services (Pty) Limited (‘EY'), as the Independent Expert with regards to the provision of a fairness opinion in relation to the Transaction. EY has concluded and confirmed to the Board of Liberty Holdings that the terms of the transaction are fair as far as the Shareholders, other than SBG, are concerned, and in this regard a copy of such fairness opinion has been provided to the JSE. As required in terms of paragraph 10.7(c) of the JSE Limited Listings Requirements, the fairness opinion will lie open for inspection at the registered offices of Liberty Holdings at 1 Ameshoff Street, Braamfontein Johannesburg for a period of 28 days from the date of this announcement. 20 March 2019 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 20/03/2019 04:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

MIDEAST STOCKS-Petrochemicals companies hold back Saudi as rival markets firm

* Saudi's Riyad Bank slips as it goes ex-dividend * Savola Group slides on full-year loss * Six of seven banks gain in Qatar * Commercial Bank of Dubai rises on Arqaam upgrade By Shakeel Ahmad March 20 (Reuters) - Saudi Arabia's stock market dropped on Wednesday as petrochemical companies slid amid falling oil prices while rival markets were mostly lifted by financial stocks. The Saudi index eased 0.2 percent from the multi-year closing high hit after it entered FTSE Russell's emerging-market index on Monday. The Middle East's largest petrochemicals producer Saudi Basic Industries slipped 0.3 percent and Riyad Bank shed 1.5 percent as the lender traded ex-dividend. Food products company Savola Group fell 2.1 percent after it swung to a full-year net loss, with the company citing an exceptional expense of 100.7 million riyals ($26.9 million) in 2018. Egypt's blue-chip index rose 0.5 percent after suffering this year's biggest one-day loss in the previous session. Heavyweight lender Commercial International Bank, which has the biggest weighting on the index, rose 1.8 percent and Qalaa Holdings added 1.7 percent. The Abu Dhabi index was up 0.4 percent, with First Abu Dhabi Bank and Emirates Telecommunications each gaining 0.8 percent.

STEINHOFF INVESTMENT HOLDINGS LTD - Request For Extension Of Long-Stop Date Under The SEAG CVA The SFHG CVA And The Lock-Up

SNH SHFF 201903200055A Request For Extension Of Long-Stop Date Under The SEAG CVA, The SFHG CVA And The Lock-Up Agreement Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 FINANCIAL RESTRUCTURING - REQUEST FOR EXTENSION OF LONG-STOP DATE UNDER THE SEAG CVA, THE SFHG CVA AND THE LOCK-UP AGREEMENT FINANCIAL RESTRUCTURING - REQUEST FOR CONSENT TO AMEND CERTAIN TERMS OF THE SEAG CVA AND THE SFHG CVA Steinhoff International Holdings N.V. (the ‘Company' and with its subsidiaries, the ‘Group') Defined terms used but not otherwise defined in this announcement shall have the same meaning as in the company voluntary arrangement proposed in relation to SEAG (the ‘SEAG CVA') and/or the company voluntary arrangement proposed in relation to SFHG (the ‘SFHG CVA') (as applicable and as the context dictates). As reported previously, the SEAG CVA and the SFHG CVA were both approved by significant majorities of their respective creditors and by their members at meetings held on 14 December 2018. The SEAG CVA documentation and SFHG CVA documentation can be downloaded at www.lucid-is.com/steinhoff. As previously announced, on 10 January 2019, SEAG was notified of an application issued by LSW GmbH (‘LSW'), a company claiming to be a creditor of SEAG, challenging the SEAG CVA (the ‘Application').

Mohale: ANC govt 'killed' more black business, black professionals than National Party

The ANC government has "killed" more black businesses and black professionals than the National Party did during its 48-year rule, Bonang Mohale, CEO of Business Leadership SA, said on Wednesday. By this, Mohale meant that the present government had not done enough for black businesses and black professionals.  In South Africa over the last 25 years, white oppressors were replaced by black oppressors, white masters by black masters and white billionaires by black billionaires, Mohale told Eusebius McKaiser in an interview on Radio 702 . "It is critical to have this conversation, to out the people that have used blackness for their own selfish gains.

ANGLOGOLD ASHANTI LIMITED - Disclosure of Beneficial Interests in Securities

ANG 201903200046A Disclosure of Beneficial Interests in Securities AngloGold Ashanti Limited (Incorporated in the Republic of South Africa) Reg. No. 1944/017354/06 ISIN: ZAE000043485 - JSE share code: ANG CUSIP: 035128206 - NYSE share code: AU JSE Bond Company Code - BIANG (‘AngloGold Ashanti' or the ‘Company') NEWS RELEASE DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, AngloGold Ashanti shareholders are advised that the Company has received formal notification from Van Eck Associates Corporation (‘Van Eck'), that it has disposed of a beneficial interest in the securities of the Company. Accordingly, Van Eck's total beneficial interest in AngloGold Ashanti's securities now amounts to 6.88% of the issued ordinary share capital of the Company. This notification comes after the exit of AngloGold Ashanti from Market Vectors Index Solutions (MVIS) Global Junior Gold Miners Index on 15 March 2019, following the MVIS quarterly and semi- annual index review announced on 8 March 2019. The MVIS Global Junior Gold Miners Index is a modified market cap-weighted index that tracks the performance of the most liquid junior gold and silver mining companies.

Asian emerging markets spent big in Europe's retail cities in Q4 2018

Chinese consumers may be switching more of their luxury spend to the domestic market at the moment, but they and some of their fellow Asia-Pacific consumers proved key to higher-end spending in Europe's major retail destinations in Q4 2018. That's the big takeaway from the latest Shopper Index from tax-free payments specialist Planet. Asia Pacific consumers are key to boosting sales in Europe's luxury fashion stores - Harrods/Camilla The company said that Q4 saw increased travel and international spending with European retailers as consumers got more for their money due to the continuous strengthening of currencies across the APAC region. And it highlighted the importance of Vietnam's emerging middle class, as that country rose to second-highest on the Index's list of international retail spenders per transaction, after Hong Kong in first place.

REDEFINE PROPERTIES LIMITED - New financial instrument listing RDFB20

RDFB20 201903200060A New financial instrument listing - RDFB20 REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration no: 1999/018591/06) Company code: BIRDF (Approved as a REIT by the JSE) (‘Redefine') NEW FINANCIAL INSTRUMENT LISTING - RDFB20 The JSE Limited has granted Redefine a listing of its RDFB20 Senior Unsecured Floating Rate Notes, due 22 March 2024, in terms of its Domestic Medium-Term Note Programme dated 23 August 2018. Authorised programme size: R30 000 000 000.00 Total notes in issue (before this issue): R23 345 817 000.00 Total notes in issue (after this issue): R23 576 817 000.00 Bond code: RDFB20 Nominal issued: R231 000 000.00 Issue price: 100% Coupon: 8.7% (3 Month JIBAR as at 18 March 2019 of 7.150% plus 155 bps) Coupon Rate Indicator: Floating Issue date: 22 March 2019 Maturity date: 22 March 2024 Interest commencement date: 22 March 2019 Last day to register: By 17h00 on 11 March, 11 June, 11 September and 11 December of each year until Maturity Date; (or if such day is not a Business Day, by close of business on the Business Day immediately preceding the first day of a Books Closed Period) Books close: The Register will be closed from 12 March to 21 March, 12 June to 21 June, 12 September to 21 September and 12 December to 21 December (all dates inclusive) until the Maturity Date (or if such day is not a Business Day, the immediately preceding day that is a Business Day) Interest payment dates: 22 March, 22 June, 22 September and 22 December until the Maturity Date or, if such day is not a Business Day, the Business Day on which the interest will be paid, as determined in accordance with the applicable Business Day Convention (as specified in this Pricing Supplement) ISIN: ZAG000157975 Business date convention: Following Additional terms and conditions: There are no additional terms and conditions or changes to the terms and conditions as contained in the Domestic Medium-Term Note Programme which are applicable to the listing of R

APO AFRICA 10 Key Drivers That Are Forcing Changes on Business Processes, People and Services

A new initiative by ACCA (the Association of Chartered Certified Accountants) (www.ACCAGlobal.com) the global accountancy body, has highlighted 10 key drivers that are already changing business processes, people and services. The report also addresses how the finance function within those businesses will need to prepare and adapt to meet transformative challenges. Thomas Isibor, head of ACCA Nigeria said: ‘Few sectors are going to experience the impact of new tech more than Finance and Accountancy. said ‘Preparing now for the inevitability of change is even more vital for these functions, and forward-thinking should be every business' strategic priority. Mr Isibor continued: ‘Challenges such as digital, risk, the global economy, politics, legislation, cyber security, ethics, even climate change - are all set to impact business and the Finance department in potentially unimagined ways.' Technology - more than just Automation and AI - is already creating the most seismic impact on the Finance, Audit and Accountancy functions. The industry is in a race for future relevance. The ACCA has identified four broad imperatives for any CFO or partner looking to optimise how technology can add - and not detract - value from their organisation: to understand how to use the information available to them to provide strategic insight in real time; to think forwards not backwards and maximise the use of technology to do this; to ensure they have in place effective and efficient processes that satisfy the overall business requirements of finance, and to capture, measure, report and predict future performance in a much more agile manner to support better and quicker decision making. Mr Isibor added: ‘Preparation and readiness now is key,' ‘No technology has ever made an impact without first being adopted by people.

INVESTEC LIMITED - Transaction by PDMR Director of Major Subsidiary and Company Secretary in Investec Limited and Investec p

INL INP 201903200053A Transaction by PDMR , Director of Major Subsidiary and Company Secretary in Investec Limited and Investec plc Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 As part of the dual listed company structure, Investec plc and Investec Limited (together ‘Investec') notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries, (ii) persons discharging managerial responsibilities (PDMRs) across the group, and (iii) in certain instances the directors of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority (the ‘UKLA') and/or the JSE Listing Requirements. TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Henry Blumenthal 2 Reason for the notification a) Position/status PDMR b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Investec Limited b) LEI 213800CU7SM6O4UWOZ70 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary shares of ZAR0.0002 each instrument, type of instrument Identification code ZAE000081949 b) Nature of the transaction On Market Sale of sh

Business News - 19 March 2019

Eskom's problems won't be solved overnight says Gordhan, Steinhoff names and shames responsible parties and Sasfin soars on a healthier credit book..

EOH shares plummet as group delays publication of financial results

In a move that is unlikely to be well received by investors, EOH Holdings said on Wednesday that it will delay publication of its interim financial results by three weeks. The results, for the six months ended 31 January 2019, had been expected to be released on 26 March. They will now be published on 16 April.

How to cope financially if youre facing retrenchment

Faced with the possibility of losing your job it is easy for panic to set in as you consider your mounting monthly expenses and dwindling bank balance.Debts such as medical aid car and house payments and school fees do not stop but there are ways to manage your financial affairs to navigate through this time. It is important to realise that retrenchment is not always a negative. Sometimes a voluntary retrenchment accompanied by a package can be a positive for someone especially those who have been with a company for many years and stuck in a job or salary rut. So dont let your emotions cloud the decisions you need to make. This might be a great opportunity to work for someone else in the same industry for a higher salary or to start a new career following your passion.Do not panic.

Accounting institute to investigate Jooste, La Grange in Steinhoff saga

The South African Institute of Chartered Accountants (SAICA) on Tuesday said that it would investigate two of its members implicated in 'alleged improper conduct' related to the Steinhoff accounting fraud saga. In heated discussions on the matter among various parliamentary committees on Tuesday, eight individuals were implicated in the massive fraud after the company declined last week to mention the names of those implicated. In a statement SAICA said that two of its members, Markus Jooste and Andries Benjamin (Ben) la Grange, were among those mentioned during the Parliamentary session and that as such, they fall under the institute's jurisdiction. "SAICA investigates all instances of alleged improper conduct by members, including members involvement in unethical business practices, which are in contravention of the SAICA Code of Professional Conduct (SAICA Code)," the institute said in a statement on Tuesday. "SAICA takes matters like these seriously and would like to reiterate that any SAICA member found to have contravened the SAICA Code will be held accountable." The institute said its code of conduct applied to all member chartered accountants, not accounting or consultancy firms, but that the institute did not have powers of search and seizure and therefore relied on the finding of external prosecutorial authorities that would form part of their disciplinary processes. "SAICA is working to restore trust in the profession and ensure that our members, irrespective of the roles they happen to occupy, operate in the public interest.

Mixed bag from Remgro's investments

Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand. Remgro's portfolio of investments have delivered a mixed first-half performance for the holding company. While hospitals group Mediclinic, logistics company Grindrod, First Rand and RMB Holdings all delivered higher contributions for the six months to December, these were offset by lower earnings from Total South Africa, food producer RCL Foods and black investment group Community Investment Venture Holdings (CIV). The group benefited from the inclusion of Siqalo Foods, the spreads business it got in exchange for its 25.75% stake in Unilever. CIV's contribution to Remgro's headline earnings amounted to a loss of R104 million, mostly due to its investment in Vumatel. Remgro reported a doubling in sales from continuing operations to R30.3 billion for the six months to end-December.

JSE could follow Asian stocks lower on Wednesday

The morning, as global markets shift their attention to a rate decision by the Federal Reserve and to reports that trade negotiations between the US and China are becoming more tense. The Hang Seng Index was 0.5% lower at the lunch break, with Tencent down the same amount. The Chinese technology giant, 31% owned by Naspers, is due to report annual results and a decision on dividends on Thursday. The main South Korean index was down 1%, while Japan's Nikkei 225 index was flat. Australia's main benchmark was 0.3% down, with JSE-heavyweight BHP Group 1% lower in that market. The Federal Reserve is expected to keep rates on hold on Wednesday, with most analysts expecting no more than two rate hikes in 2019. Meanwhile, Bloomberg reported that China was pushing back against US demands in trade talks between the world's two largest economies. A handful of JSE-listed small caps are expected to report financial results on Wednesday, including KayDav Group and South Ocean Holdings. After the market's close on Tuesday, Remgro reported that its headline earnings per share in the six months ended December fell 3.3% to 752c. But the group increased its interim dividend per share by 5.4% to 215c. The rand was slightly weaker on Wednesday morning, trading 0.1% down against the dollar at R14.51/$, marginally weaker against the pound at R19.23/£, and 0.1% down against the euro at R16.46/€. hedleyn@businesslive.co.za.

How to cope financially if you're facing retrenchment

Faced with the possibility of losing your job, it is easy for panic to set in as you consider your mounting monthly expenses and dwindling bank balance. Debts such as medical aid, car and house payments and school fees do not stop, but there are ways to manage your financial affairs to navigate through this time. It is important to realise that retrenchment is not always a negative.  Sometimes a voluntary retrenchment, accompanied by a package, can be a positive for someone, especially those who have been with a company for many years and stuck in a job or salary rut.

NATIONAL NEWS: VIDEO: Car left riddled with bullet holes in R21 ambush

The driver and his passenger were critically wounded when the gunmen opened fire on the vehicle, which was transporting gold. Two people were injured and their motor vehicle was left riddled with bullet holes after an attempted robbery on the R21 near Emperors Palace, reports. According to the Boksburg North SAPS spokesperson Constable Justice Ramaube, a gang of robbers started shooting at the victims' motor vehicle as it was travelling along the R21 towards Kempton Park. "The driver apparently subsequently lost control of the vehicle after he and his passengers suffered gunshot wounds in the shooting.

Collaboration is key to creating more value and market share

Mark Geoghegan, general manager: solution development and advisory at supply chain specialist Barloworld Logistics.In this era of innovation and connectivity, the idea of an economy built from autonomous industries and attending to their own clients, with their own suppliers, is fast becoming outdated. More and more, savvy organisations understand that operating in isolation is no longer viable, and that by partnering across, or indeed within industries, higher efficiencies, cost reductions and improved customer service can be achieved. A good example of such collaboration is the symbiotic relationship between two competing technology giants, Samsung and Apple Inc, where the electronics manufacturer is a key supplier of iPhone micro chips and the like.

Storage strategies

Designing and planning a datacentre strategy in a world that's more digital and connected than ever before has become increasingly complicated. Organisations are spoiled for choice. Do they modernise an old facility, build a new one, lease, jump on the cloud train, use co-location, or any combination of these? In addition, today's IT landscape is dominated by cloud, edge computing, IoT, AI and other disruptive technologies, and the datacentre remains at the heart of the organisation.

Hawks investigations into Steinhoff still 'far from complete'

FORMER Steinhoff chief executive Markus Jooste's remuneration topped R333?million between 2009 and 2017. Reuters CAPE TOWN - Steinhoff executives who have been implicated in accounting irregularities that nearly imploded the international retailer would not face prosecution in the immediate future after the Hawks yesterday admitted that their investigations were far from complete. Hawks head Lieutenant-General Godfrey Lebeya told Parliament's standing committee on finance yesterday its offices had only investigated one transaction since 2017.

Storage strategies

Designing and planning a datacentre strategy in a world thats more digital and connected than ever before has become increasingly complicated. Organisations are spoiled for choice. Do they modernise an old facility build a new one lease jump on the cloud train use colocation or any combination of these In addition todays IT landscape is dominated by cloud edge computing IoT AI and other disruptive technologies and the datacentre remains at the heart of the organisation.

WATCH: Stock pick — PSG Group

Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose PSG Group as his stock pick of the day. "I think that at as a value and a growth story it has done well. It is an investment holding company which consists of a number of growth businesses like Capitec, PSG and Curro. Capitec, in fact, today made a new all time high, so these growth businesses should let you see growth over time but also value play and the combined value of these listed companies is at around R300 and the share is trading at R257 per share." Or listen to the full audio: Subsc.

Hawks investigations into Steinhoff still far from complete

CAPE TOWN Steinhoff executives who have been implicated in accounting irregularities that nearly imploded the international retailer would not face prosecution in the immediate future after the Hawks yesterday admitted that their investigations were far from complete.Hawks head LieutenantGeneral Godfrey Lebeya told Parliaments standing committee on finance yesterday its offices had only investigated one transaction since 2017.Lebeya said the elite crime unit had not brought in any specialised auditing or accounting personnel to investigate the case. He said the Hawks would rely on the PwC report to further its case.There is budget to put a team together to work specifically on Steinhoff Lebeya said adding that three charges that the Hawks initially investigated contained no specific detail.The Hawks admission came after the committee forced Steinhoff to disclose the name of the executives implicated in the financial scandal that wiped $7.4billion (R106.87bn) off its market value.Yesterday the committee heard eight people including former chief executive Markus Jooste were allegedly behind questionable transactions that brought the global retailer to nearcollapse.On Friday PwC released a damning report that said an estimated 6.5bn worth of fictitious transactions took place between 2009 and 2017.Joostes total remuneration during the period topped R333 million while the former chief operating officer took home R112m.Other executives implicated include Siegmar Schmidt Dirk Schreiber George Alan Evans Ben la Grange Stephan Grobler David Romano and Jean Noel Pasquier.New chief operating officer Louis du Preez said the group was reluctant to release the names because of data and privacy issues relating to the legal processes in the Netherlands where other legal actions were under way against Steinhoff.Du Preez said Steinhoff would to finalise an agreement with creditors to put a stay on claims for three years.Board chairperson Heather Sonn said directors still believed there is a fight worth fi

Moody's could take dim view on load shedding next week, economists warn

Economists have warned that Moody's Investors Services could change its outlook from stable to negative or even downgrade South Africa to junk status when it reviews the country's credit rating next week. "There's even an outside chance they could downgrade the country [to junk status]. Although they don't usually do that, it is a possibility," Chief economist at PricewaterhouseCoopers, Lullu Krugel, told Fin24.

NEDBANK GROUP LIMITED - Dealings in securities by executive directors and company secretary: vesting of restricted shares

NED 201903200033A Dealings in securities by executive directors and company secretary: vesting of restricted shares NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK ISIN: ZAE000004875 (‘Nedbank Group') DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY: VESTING OF RESTRICTED SHARES PREVIOUSLY ALLOCATED IN 2016 The following information is disclosed in respect of the vesting of Nedbank Group restricted shares previously granted to the executive directors and the Company Secretary of Nedbank Group and Nedbank Limited (‘Nedbank') in terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme. This voluntary announcement confirms only that the executive directors are now entitled to 96.1% of the restricted shares allocated with performance-based vesting criteria on 17 March 2016, which vested on 18 March 2019. The Company Secretary is now entitled to 97.9% of the restricted shares allocated with performance-based vesting criteria on 17 March 2016, and 100% of the restricted shares allocated with time-based vesting criteria on 18 March 2016, which vested on 18 and 19 March 2019 respectively. This is not classified as a ‘dealing' in terms of JSE Listings Requirements. The executive directors were awarded restricted shares with performance-based vesting criteria only, and the Company Secretary was awarded restricted shares with both performance-based and time-based vesting criteria. The restricted shares were issued at no cost to eligible employees and are fully taxable and subject to the deduction of PAYE at the time of vesting.

African capital markets continue steady development

Hari Chaitanya, Head Investor Services Product Management, Transactional Products and Services at Standard Bank Increasingly agile capital markets grow continents' regional and global portfolio flows 2018 saw a continuation of what has become a consistent theme of improvement in Africa's capital markets. Upgrades in trading and settlement systems and the introduction of new instruments in a number of jurisdictions were matched by increasingly successful efforts at deepening the continent's domestic capital markets. These improvements were supported by multiple initiatives towards sub-regional and regional integration.  Collectively the incremental infrastructure and legislative improvements that have been accruing for several years will help address many of the challenge's endemic to Africa's capital markets.

FINTEGIC (RF) LIMITED - FNTA10 - Listing of New Financial Instrument

FNTA10 201903200029A FNTA10 - Listing of New Financial Instrument Fintegic (RF) Limited (previously SSI SCF (RF) Limited) (Incorporated in the Republic of South Africa) (Registration number 2017/448717/06) Company code: FTGI Bond Code: FNTA10 ISIN: ZAG000157728 (‘Fintegic' or ‘the Issuer') LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted the Issuer the listing of its Senior Unsecured Fixed Rate Notes, in terms of its Note Programme dated 23 February 2018 (‘the Programme') with a payment guarantee issued by Santam Limited, effective 26 March 2019. Type of Debt Security: Fixed Rate Notes Debt Security Code: FNTA10 ISIN: ZAG000157728 Nominal Issued: ZAR 44 075 898.00 Issue Price: 100% Issue Date: 26 March 2019 Coupon Rate: 8.35% Interest Commencement Date: 26 March 2019 First Interest Payment Date: 3 June 2019 Interest Payment Date(s): 3 June 2019 Last Day to Register: By 17h00 on 20 May 2019 Books Close: 21 May 2019 Maturity Date: 3 June 2019 Business Day Convention: Following Business Day Final Maturity Amount: 100% of the Nominal Amount Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme, however, please note the Features of the Underlying Payment Obligation contained in Annexure A and the payment guarantee contained in Annexure B Summary of Additional Terms: Not Applicable Programme Amount: ZAR 1 000 000 000.00 Total Notes in Issue Under Programme: ZAR 210 209 065.00, exclusive of this issuance of notes The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. 20 March 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/03/2019 02:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way gu

#PICInquiry: UDM leader connects the dots

PRETORIA Bantu Holomisa leader of the United Democratic Movement found it interesting that the Pan African Infrastructure Development Fund I and II (PAIDF) was set up by Tshepo Mahloele the former PIC head of corporate investment while he was at the PIC and then Harith manages the PAIDF on behalf of the PIC where Mahloele is chief executive. Holomisa was making his submission to the Commission of Inquiry into alleged improprieties at the Public Investment Corporation (PIC) where he urged the commission to take a closer look at HarithLebashe deal headed by the former deputy minister of finance and PIC chairperson Jabu Moleketi and Tshepo Mahloele.Holomisa said: Regarding Lebashe we have been made to understand that the following information and questions are pertinent:  Lebashe is made up of several companies. The key players in Lebashe are Mahloele Moleketi and Warren Wheatley;  Lebashe reportedly obtained a loan from the PIC for rapid expansion with said loan having reportedly already repaid. This may raise questions regarding the basis for the PIC granting a loan to Lebashe when key former PIC individuals are controlling and owning Lebashe.

JSE slips as banks extend losses

The local bourse suffered broad-based losses on Wednesday morning, with banks having fallen 2.5% on Tuesday The JSE fell in broad-based losses on Wednesday morning, led by banks and retailers, as a weaker rand and gloomy local outlook took its toll. The rand weakened to near R14.50/$ overnight, weighed down by warnings that Eskom may need to escalate its load-shedding. Banks had fallen 2.59% on Tuesday, the second-worst daily performance by that index so far this year. At 10am the all share was down 0.48% to 56,575.3 points and the top 40 0.53%. Banks lost 1.27% and food and drug retailers 0.96%. Gold was down 0.19% to $1,303.98/oz while platinum was up 0.74% to $856.95. Brent crude was up 0.18% to $67.70 a barrel. Global focus is on the US Federal Reserve, which is set to announce its latest stance on monetary policy after local markets close. Some focus is also on Brexit, as UK Prime Minister Theresa May prepares to meet EU leaders on Thursday in a bid to wrangle an extension of the Brexit deadline, now only 10 days away. Diversified miner BHP was down 1.71% to R333.88 and Anglo American 1.36% to R376.32. Sibanye-Stillwater was down 1.45% to R16.32, paring Tuesday's 8.45% rise, which followed news that a four-month strike at its gold operations by the Association of Mineworkers and Construction Union (Amcu) may be nearing a resolution. Absa was down 1.87% to R157.49 and Standard Bank 1.2% to R186.43. gernetzkyk@businesslive.co.za.

Remgro reports a lacklustre set of results

Remgro now also holds the majority of voting rights in Distell Group Holdings, which resulted in the investment in Distell being consolidated..

Kaizer Chiefs defender Frosler does not make Notoane's final cut

The Port Elizabeth-born star was on Wednesday missing from the final 23-man squad announced by coach David Notoane‚ who said "level of match preparedness" was his main criteria when he trimmed the squad from the initial provisional one of 27. "It was a very difficult task of selecting the final 23 players to take to Angola‚ and that is mainly because we had a good number of players who gave it their all in this selection camp [this week‚ with 27 players]‚" Notoane said. "We assessed the level of match preparedness in the players we had roped in for our provisional squad‚ and I must say that I am happy with the final squad we have come up with." The Under-23 team‚ who flew out to Angola on Wednesday morning‚ take on their  Angola counterparts at the Estádio 11 de November in the capital Luanda on Friday.

NOTOANE NAMES FINAL UNDER-23 SQUAD

SOUTH African Under-23 coach, David Notoane, has named a 23-man squad that will face Angola in the first leg, first round 2019 CAF U-23 Africa Cup of Nations qualifier against Angola. Notoane named a provisional squad last week, but has now selected a final team to face their Southern African rivals on Friday (22 March),at the Estádio 11 de November in Luanda, Angola. The match is scheduled to kick off at 5pm (SA time) Kaizer Chiefs' Reeve Frosler, who has not has not seen action thus far this season has been left out of the squad, having been included in the provisional side.

Fourways hospital shooting: Woman still in a serious condition

The woman who was shot in the face outside Life Fourways Hospital in Johannesburg on Tuesday is still in a serious condition in hospital, according to Gauteng police. The woman had been driving in the vicinity of the hospital when a man, believed to be her partner, shot her twice in her face before driving off. He apparently took his own life a few kilometres from where she was shot.

Remgro reports a lacklustre set of results

JOHANNESBURG Remgro the diversified portfolio holding group reported a lacklustre set of results in the six months to December with headline earnings declining 3.3 percent from R4.4billion to R4.2bn while headline earnings per share also decreased by the same margin from 777.5 cents to 752.1c.  Earnings which increased by 149.3percent to R10.2million compared with R4.1m in the previous period were boosted mainly to profit realised from Unilever disposal of R8.3m.  This increase is partly offset by Remgros portion of the impairments of Mediclinics properties and trade names in Switzerland and its investment in Spire Healthcare Group plc of R1.9bn compared with R830m in the 2017 comparable period. the group said.  The group declared an interim gross dividend of 215c up 5.4 percent from 204c a share in 2017. Remgro in July fully acquired Unilevers Spreads business Siqalo Foods which became a wholly owned subsidiary of the group.  Remgro now also holds the majority of voting rights in Distell Group Holdings which resulted in the investment in Distell being consolidated into the group.

Maitland board appoints David Hathorn as Deputy Chairman

David Hathorn, Deputy Chairman at Maitland The enhanced role of former Mondi CEO reflects succession and growth planning The Board of Maitland, a global family office, administration and advisory firm, has appointed David Hathorn as Deputy Chairman with effect from 1 February 2019 as part of Maitland's ongoing succession planning. Mr Hathorn has been a non-executive Director of Maitland International Holdings plc and Chairman of its Audit and Risk Committee since May 2017. Prior to his appointment to the Maitland Board, Mr Hathorn was CEO for 17 years of FTSE 100 packaging and paper giant Mondi plc, which is dual listed in London and Johannesburg.

Should listed property still be part of your portfolio

This article first appeared in the 4th quarter 2018 edition of Personal Finance magazine.The controversy surrounding the Resilient stable of companies has harmed the credibility of the listedproperty sector and caused the FTSEJSE South African Listed Property Index (Sapy) to be the worst performing asset class since the end of last year. The index lost 23% in 2018. So should investors still consider investing in listed property as part of a diversified investment portfolioFor investors not to lose faith in South Africas listedproperty sector one has to understand the issues surrounding the Resilient stable and assess whether these issues are prevalent across the sector and if there are still pockets of value for investors.

EOH shares plummet as group delays publication of financial results

In a move that is unlikely to be well received by investors, EOH Holdings said on Wednesday that it will delay publication of its interim financial results by three weeks. The results, for the six months ended 31 January 2019, had been expected to be released on 26 March. They will now be published on 16 April.

METALS-Base metals ease ahead of Fed meeting outcome

(Updates prices, recasts throughout) By Mai Nguyen SINGAPORE, March 20 (Reuters) - Most industrial metals on the London Metal Exchange eased on Wednesday, as investors were cautious ahead of the result of the U.S. Federal Reserve rate meeting later in the day. "For the market to move to higher levels, it needs to see something new and different.

Kaizer Chiefs defender Frosler does not make Notoane's final SA Under-23 cut

The Port Elizabeth-born star was on Wednesday missing from the final 23-man squad announced by coach David Notoane‚ who said "level of match preparedness" was his main criteria when he trimmed the squad from the initial provisional one of 27. "It was a very difficult task of selecting the final 23 players to take to Angola‚ and that is mainly because we had a good number of players who gave it their all in this selection camp [this week‚ with 27 players]‚" Notoane said. "We assessed the level of match preparedness in the players we had roped in for our provisional squad‚ and I must say that I am happy with the final squad we have come up with." The Under-23 team‚ who flew out to Angola on Wednesday morning‚ take on their  Angola counterparts at the Estádio 11 de November in the capital Luanda on Friday.

LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Acquisition of securities by clients of Allan Gray Proprietary Limited (Allan Gray)

LHC 201903200040A Acquisition of securities by clients of Allan Gray Proprietary Limited (‘Allan Gray') LIFE HEALTHCARE GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2003/002733/06) ISIN: ZAE000145892 Share Code: LHC (‘Life Healthcare' or ‘the Company') ACQUISITION OF SECURITIES BY CLIENTS OF ALLAN GRAY PROPRIETARY LIMITED (‘Allan Gray') In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Life Healthcare has received formal notification that clients of Allan Gray have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares held by Allan Gray's clients now amounts to 20.1008% of the total issued ordinary shares of the Company. Illovo 20 March 2019 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/03/2019 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

Markets tread cautiously ahead of US Fed rate decision

The JSE retreated on Wednesday as it tracked other global markets lower ahead of the US Fed's rate decision. The US Fed is scheduled to announce its interest rate decision at 20:00 on Wednesday, in which the Fed is widely forecasted to leave rates unchanged at 2.50%. More attention will be on the press conference which follows at 20:30 as investors look for clues on the Fed's intention to continue shrinking its balance sheet.

AYO PIC and CIPC in courtroom showdown

PRETORIA It was a showdown at the North Gauteng High Court in Pretoria on Wednesday between Ayo Technology Solutions (AYO) the Public Investment Corporation (PIC) and the Companies and Intellectual Properties Commission (CIPC).In two separate cases held at a joint sitting in front of Judge Cornelius van der Westhuizen the CIPC faced off with the PIC which is seeking to have a compliance notice issued by the CIPC against its board of directors set aside on the basis that it was irrational and unreasonable and that the process followed by the CIPC was procedurally unfair and unlawful. The compliance notice issued by CIPC was to instruct the directors of the PIC to recover its R4.3 billion investment into AYO. Gilbert Marcus SC representing the PIC said there were a number of red flags in the CIPCs application stating that the time frame was unreasonable and that the grounds provided by the CIPC to issue the compliance notice was based on factual errors.Marcus contended that the CIPC claimed in its issuing of the notice that the PIC board had made a decision to invest in Ayo Technology Solutions.According to Marcus this was not the case as the board was not responsible for signing off the transaction.This was factually incorrect as the decision to invest in AYO was taken through the PICs corporate structures.  Arguing for the CIPC Frans Arnoldi SC was of the view that it was neither here nor there if the board had approved the transaction as ultimately the buck stopped with them and they had to be held accountable.Judge van der Westehuzein reserved his judgment for Monday on the PIC and CIPC matter.In another matter held in the same sitting the CIPC and PIC also faced off as the first and second respondent against AYO Technology Solutions which had launched an urgent application to interdict the CIPCs compliance notice and have it set aside on the basis that it was unconstitutional.Nazeer Cassim SC representing AYO Technology Solutions said the granting of the compliance order would not

Judgement reserved on AYO interdict against Commission

Judgement has been reserved on an interdict being sought by AYO Technology Solutions against the Companies and Intellectual Property Commission. The matter was heard at the North Gauteng High Court on Wednesday, and judgment will be made on Monday, AYO spokesperson Sinazo Luse confirmed. The CIPC in February issued the Public Investment Corporation (PIC) a compliance notice, to recover R4.3bn from an investment in AYO.

Russia's Putin meets heads of world's top oil traders, BP in Kremlin

MOSCOW, March 20 (Reuters) - Russian President Vladimir Putin met on Wednesday heads of the world's top oil traders Glencore and Vitol, as well as BP's chief executive , among others, promising favourable conditions for business. The meeting, attended by BP CEO Robert Dudley, Glencore CEO Ivan Glasenberg and Vitol's Chairman Ian Taylor, among others, is a rare gathering in the Kremlin of some of the world's most influential energy players. Russia, one of the world's top oil producers and exporters, has been under Western sanctions since 2014, which include restrictions on some financial instruments and development of some types of energy resources by foreign firms.

AYO, PIC and CIPC in courtroom showdown

In two separate cases held at a joint sitting in front of Judge Cornelius van der Westhuizen, the CIPC faced off with the PIC, judgement on Monday..

Pics: Bryan Habana Earns A Diploma From Business School

. He is one of the most celebrated sportsmen in the country and beyond. This is for a reason though. Bryan Habana has been a role model, and is still one even beyond his rugby playing days.

Steinhoff former CFO Ben la Grange assisting authorities with investigations

(Bloomberg) -  Steinhoff International Holdings NV's former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse. "I am cooperating and working with all government agencies on this matter," said Ben la Grange, the ex-CFO, in a response to requests for comment after being named in a report commissioned by the company as one of eight people, including former Chief Executive Officer Markus Jooste , who were allegedly responsible for the accounting misdeeds. The company was compelled on Tuesday by South African parliamentary committees to release the names even as Chairwoman Heather Sonn and CEO Louis du Preez warned it could jeopardize investigations and break European privacy laws.

Business How diamonds are mined from the bottom of the ocean

Southern Africa has remained a world-renowned treasure trove for precious gems. Millions of years ago, diamonds washed west along the Orange River to empty into the Atlantic Ocean. Some of these precious stones wound up on the beaches of the Namibian Coast and were subsequently snapped up by miners during the 1908 diamond rush.

INVESTEC PLC - Transaction by PDMR Director of Major Subsidiary and Company Secretary in Investec Limited and Investec plc

INL INP 201903200053A Transaction by PDMR , Director of Major Subsidiary and Company Secretary in Investec Limited and Investec plc Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 As part of the dual listed company structure, Investec plc and Investec Limited (together ‘Investec') notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries, (ii) persons discharging managerial responsibilities (PDMRs) across the group, and (iii) in certain instances the directors of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority (the ‘UKLA') and/or the JSE Listing Requirements. TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Henry Blumenthal 2 Reason for the notification a) Position/status PDMR b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Investec Limited b) LEI 213800CU7SM6O4UWOZ70 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary shares of ZAR0.0002 each instrument, type of instrument Identification code ZAE000081949 b) Nature of the transaction On Market Sale of sh

Mohale: ANC govt 'killed' more black business, black professionals than National Party

The African National Congress (ANC) government has "killed" more black businesses and black professionals than the National Party did during its 48-year rule, Bonang Mohale , CEO of Business Leadership SA, said on Wednesday. By this, Mohale meant that the present government had not done enough for black businesses and black professionals.  In South Africa over the last 25 years, white oppressors were replaced by black oppressors, white masters by black masters and white billionaires by black billionaires, Mohale told Eusebius McKaiser in an interview on Radio 702. "It is critical to have this conversation, to out the people that have used blackness for their own selfish gains.

Business Tony Elumelu Foundation to unveil 1000 finalists for its 2019 programme

On Friday, March 22, the Tony Elumelu Foundation (TEF) will unveil the selected applicants for the 2019 cohort of the foundation's flagship Entrepreneurship programme. The event will take place at the Transcorp Hilton Hotel in Nigeria's capital, Abuja. In its fifth year now, application to the TEF is open to African entrepreneurs with businesses of less than three years old. This year, the foundation received entries from over 215,000 African entrepreneurs from across 54 African countries, up from 151,000 applications last year with an increase in female representation from 62,000 in 2018 to 90,000 in 2019.

Buying a used car? New app sends mechanic to inspect it before you decide

The Money Show withBruce Whitfield Search Add us on WhatsApp: 072 702 1 702 Share this: (Need a big break? The Money Show can help, click here to learn more.) Also, read the following related articles: Hanru Reyneke is on a mission to disrupt the used-car industry in South Africa. He is the founder of Cars One100, a firm that aims to protect consumers when they buy used. Cars One100 provides consumers with a full mechanical and vehicle history assessment through its mobile app.

Probe finds text book is behind drop in 2018 matric Business Studies marks

Durban - A BUSINESS studies textbook, allegedly not part of the prescribed books for Grade 12s and apparently only distributed to under-performing schools, has been blamed for a drop in marks in the subject in last year's matric exams. Concerned principals from KwaZulu-Natal and Gauteng complained to the Basic Education Department about the business studies results, resulting in the department investigating the matter. Spokesperson Elijah Mhlanga said the department was now in possession of a report from the investigation, saying it would be available to the public "in due course".

Eight people, including ex-CEO responsible for Steinhoff fraud- CEO to lawmakers

CAPE TOWN, March 19 (Reuters) - Eight people, including Steinhoff former chief executive Markus Jooste, were involved in a 6.5 billion euro accounting fraud at the South African retailer, the company CEO Louis du Preez told lawmakers on Tuesday. Jooste, who resigned hours before the company disclosed the hole its accounts in December 2017, has previously denied any wrongdoing. ($1 = 0.8812 euros) (Reporting by Tiisetso Motsoeneng and Wendell Roelf; editing by Louise Heavens).

Elections loom as threat to uneasy calm across emerging markets

Though Asia will be at the epicenter of the election story in coming months, votes in SA and Argentina are likely to pose risks for investors. A spate of elections is about to inject a bit of volatility into emerging markets just as this year's rally starts to unsettle the bulls. Thailand is preparing for its first general election since a military coup in 2014. Indonesia's presidential poll follows next month, with incumbent Joko Widodo seen holding a lead over rival Prabowo Subianto.

DHS has got that drive

Motoring enthusiasts came out in their numbers last week, eager to test out the latest Ford models at the Drive 4 UR School event at Dundee High. The Drive 4 UR School event encourages motorists to test out the latest vehicles from Ford, and for every test drive completed, the host school receives R100. 100 eager drivers supported the day and got behind the wheel of some of their dream cars.

Gauteng: Eleven injured in Taxi vs Car crash in Krugersdorp.

Gauteng: At 16H30 Monday afternoon Netcare 911 responded to reports of a collision on Paardekraal Drive in Chancliff AH Krugersdorp. Reports from the scene indicate that a light motor vehicle and a mini-bus taxi were involved in a collision. Eleven people were assessed on scene by an Advanced life support paramedic and found to have sustained minor to moderate injuries. Once stabilised all the patients were transported by various ambulance services to hospital for further treatment. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911....

GLENCORE PLC - GLN: Transactions In Own Shares - 18 March 2019

GLN 201903190020A GLN: Transactions In Own Shares - 18 March 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 19 March 2019 Transactions in own shares - 18 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 18 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,750,000 Lowest price paid per share (GBp): 307.6000 Highest price paid per share (GBp): 312.7500 Volume weighted average price paid per share (GBp): 310.9114 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 712,472,991 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,873,727,075. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue Aggregated volume average price London Stock Exchange 310.9217 1,692,757 BATS 310.6928 28,828 Chi-X 310.9006 1,028,415 Transaction details In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by C

Soweto taxi shutdown start to hurt local business

While Gauteng transport MEC Ismail Vadi makes up his mind on whether closed taxi routes should operate, commuters and businesses are feeling the pinch of not having public transport in Soweto. Along Mahalefele Road in Soweto, which runs in Orlando West, Dube and Phefeni, there was no sight of a taxis yesterday, the fourth day of the closure of ranks and routes belonging to Witwatersrand African Taxi Owners Association (Wata) and Nancefield Dube West Taxi Association (Nanduwe). Aaron Mashiqe, who lives in Phefeni but works in Rockville, said he was exhausted from walking to work as there were no taxis.

Four key things to know from Steinhoff's briefing to Parliament

The leadership of Steinhoff, as well as officials from the JSE, the Hawks, the National Prosecuting Authority, and the Companies and Intellectual Property Commission, appeared before a joint sitting of three Parliamentary oversight committees on Tuesday to update MPs about the state of investigations into the company. The sitting took place 16 months after Steinhoff's former CEO Markus Jooste abruptly resigned as auditors flagged accounting irregularities in the group's financial statements.  It follows three separate briefings by current and former Steinhoff leadership in 2018.   On Friday, the Stellenbosch-headquartered retail conglomerate published an 11-page overview of a long-awaited forensic report by PricewaterhouseCoopers into the company's books. Steinhoff had approached PwC to conduct the independent forensic report in December 2017 shortly after Jooste's resignation.  Below are some of the key takeaways from the sitting.   Eight execs implicated in the PwC report were named for first time  After being instructed to do so by the committee, Steinhoff CEO Louis du Preez made public the names of eight people implicated in the PwC report.

Two killed in accident at Glencore's Zambian mine

LUSAKA - Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said. "All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a statement without providing details of the accident. Mopani is one the biggest mining companies in Zambia -- Africa's No. 2 copper producer -- with output of about 100 000 tonnes a year.

REMGRO LIMITED - Unaudited results for the six months ended 31 December 2018 and cash dividend declaration

Wrap Text Unaudited results for the six months ended 31 December 2018 and cash dividend declaration REMGRO LIMITED Registration number 1968/006415/06 ISIN ZAE000026480 Share code REM INTERIM REPORT UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2018 AND CASH DIVIDEND DECLARATION SALIENT FEATURES Headline earnings per share, excluding option remeasurement -2.7% Headline earnings per share -3.3% Interim dividend per share +5.4% Intrinsic net asset value per share R230.23 SUMMARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 December 31 December 30 June R million 2018(1, 2) 2017 2018 ASSETS Non-current assets Property, plant and equipment 14 648 6 741 13 626 Investment properties 119 130 119 Intangible assets 25 167 4 873 18 427 Investments - Equity accounted 74 878 80 184 73 722 - Available-for-sale - 2 937 3 067 - Financial assets at fair value through other comprehensive income 3 315 - - Financial assets at fair value through profit and loss 151 - - Retirement benefits 578 204 737 Loans 395 573 697 Deferred taxation 190 22 158 119 441 95 664

Metropolitan Health accused of using black business as front to get tender worth hundreds of millions

A black business entity has filed a lawsuit against the company, alleging it was used to bag a lucrative government contract Metropolitan Health faces allegations that it used a small black business as a front to bag a government tender worth hundreds of millions of rands. These allegations are contained in papers attached to a R60 million lawsuit, filed by Johannesburg businessman Solly Mlondobozi against Metropolitan Health. Metropolitan Health is a subsidiary of the financial services conglomerate Metropolitan, which, in turn, is a subsidiary of MMI Holdings.

SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Index Constituent Change - SYGSW4

Wrap Text Index Constituent Change - SYGSW4 The Sygnia Itrix Collective Investment Scheme Sygnia Itrix SWIX 40 ETF JSE code: SYGSW4 ISIN: ZAE000251344 ("SYGSW4") A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. INDEX CONSTITUENT CHANGE In terms of section 19.28 of the JSE Limited Listings Requirements, notice is hereby given to investors of the above ETF securities that the following changes in the constituents of the underlying index are effective from 18 March 2019. The following constituents has been removed from SYGSW4: ISIN Share Previous New Weight Weight LU0383812293 Reinet Investments 0.76% 0.00% ZAE000028296 Truworths International 0.64% 0.00% The following constituents has been added to SYGSW4: ISIN Share Previous New Weight Weight ZAE000013181 Anglo American Platinum 0.00% 1.01% ZAE000043485 Anglogold Ashanti 0.00% 0.96% The above gave affect to changes in the index constituent weights. The portfolio composition file can be viewed at www.sygnia.co.za/etfs/etf-and-etn-fund-range. 19 March 2019 Manager Sygnia Itrix (RF) Pty Limited Sponsor Vunani Corporate Finance Date: 19/03/2019 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

Time is tight for preparation, says Under-23 coach

David Notoane is under pressure to get players gelling for the 2020 Olympic first-leg qualifier against Angola SA Under-23 coach David Notoane has admitted he does not have enough time to prepare his new team ahead of their 2020 Olympic preliminary qualifier against Angola in Luanda on Friday. With his overseas-based players only arriving in SA later on Tuesday‚ Notoane conceded he would have a difficult time getting his players to click as a unit. "The challenge we have is that different clubs are playing different styles‚" said Notoane‚ who tested his new charges against the Lesotho senior national team in a warm-up friendly in Johannesburg on Monday. "That's the challenge with the national teams. We have to try to quickly get the synergy right tactically. Other teams play with the build-up while others kick the ball high up and play with the second ball. "Now when you come into this space [national team]‚ you have to go with the players that will fit the national playing philosophy and play the South African way‚ which is having the ball on the ground," he said. "That's our strength … to play out quicker.

Cape Epic Stage 2: A Day of Hat Tricks

The Swiss pairing of Nino Schurter and Lars Forster (Scott-SRAM MTB-Racing) once again left no doubt that they have the strongest legs at the Absa Cape Epic when they picked up their third win in three days on Tuesday. After their tactical masterclass in Monday's long Stage 1, the Scott-SRAM MTB-Racing pairing used raw power to generate the decisive stage-winning break on the 90km ride from Hermanus to Oak Valley on Tuesday. Schurter and Forster launched a brutal attack up a steep climb 10km from the finish on Stage 2 and then powered away to a 30-second lead over the KROSS-SPUR team of Sergio Guiterrez and Ondrej Cink with Manuel Fumic and Henrique Avancini (Cannondale Factory Racing) a second further back.

Rand steadies, investors eye US Federal Reserve policy meeting

Caution prevailed among investors as Eskom said it would as it struggles with generating capacity shortages. | JOHANNESBURG - The rand steadied on Tuesday as the prospect of rolling blackouts and downbeat economic data offset expectations that a dovish tone at this week's US Federal Reserve policy meeting could lift emerging-market assets. At 16:37 GMT, the rand traded at 14.4425 per dollar, 0.02% weaker than its New York close on Monday. The Fed's two-day meeting starts later on Tuesday. Money markets are pricing in a 99% probability of US borrowing costs not being altered on Wednesday. "A dovish Fed will trigger a risk-on rally for risk assets.

Calgro M3 rental business hits a wall

Housing builder to dissolve joint venture with property company as it cannot guarantee it will meet its income targets Affordable-housing developer Calgro M3 is ending its joint venture with one of the partners in its rental business, but CEO Wikus Lategan says this won't derail the company's growth plans. Calgro was building rental houses for property landlord SA Corporate Real Estate through a joint venture, Afhco Calgro M3 Consortium. But the consortium will now be dissolved because the Johannesburg council did not provide electricity-supply infrastructure for the housing at its Fleurhof development in Gauteng, despite having agreed to do so. The site invasions at the joint venture's Scottsdene development in the Western Cape and the struggle to attract tenants at South Hills in Johannesburg also exacerbated its challenges.

Gauteng: Twenty one injured in bus collision in Parkhurst

Gauteng: At 07H06 Tuesday morning Netcare 911 responded to reports of a collision on the corners of 4th Avenue and 6th Street in Parkhurst Johannesburg. Reports from the scene indicate that the driver of a bus lost control resulting in a collision with an electrical box and a light motor vehicle. Twenty one passengers sustained minor injuries in the crash. Once assessed all the patients were transported by various ambulance services to hospital for further treatment. All necessary authorities were on scene. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911 https://t.co/blsZuWV4vj #ArriveAlive @Netcare911_sa pic.twitter.com/iryuIhz46B — Arrive Alive (@_ArriveAlive) March 19, 2.

Committees Condemn Mr Jooste's Lack of Cooperation with PWC Investigation

-  The standing committees on Finance and Public Accounts together with the portfolio committees on Trade and Industry, and Public Service and Administration have roundly condemned Mr Markus Jooste for not cooperating with the PricewaterhouseCoopers (PwC) investigation into financial irregularities at Steinhoff that occurred while he was CEO. The committees asked why he had avoided the investigations, if he had nothing to hide. The committees are appalled that he is still a free man, seemingly without shame or a care in the world.

Gains across JSE miners lift local bourse

The JSE inched higher on Tuesday, mainly on the back of gains recorded among JSE-listed miners. Platinum group metals  miners on the advanced as palladium surged to briefly break above $1600/Oz, peaking at $1601.52/Oz. Other metal commodity prices, such as gold, were also firmer on the day.  This helped the Resources index to close among the day's biggest gainers.

Remgro flags business risks posed by Eskom power outages

The investment firm also says political instability ahead of the elections is a threat in 2019 Remgro, the Stellenbosch-based investment company controlled by businessman Johann Rupert, has cited power shortages, political instability in the run-up to the national elections, and low business confidence among its biggest risks. The company, established in the 1940s by Anton Rupert, is one of several firms bracing for tough trading conditions in 2019 amid sluggish economic growth that has hit several sectors as well as consumers. Remgro has investments in banking, health care, consumer products, insurance, industrial, infrastructure and media sectors. "Political instability, especially in the lead-up to the national election on May 8 2019, can be expected. The financial crisis faced by state-owned companies, like Eskom, is of great concern to all of Remgro's investments," Remgro CEO Jannie Durand said on Tuesday.

Cape Epic: A day of hat-tricks

Cape Town - The Swiss pairing of Nino Schurter and Lars Forster (Scott-SRAM MTB-Racing) once again left no doubt that they have the strongest legs at the Cape Epic when they picked up their third win in three days on Tuesday. After their tactical masterclass in Monday's long Stage 1, the Scott-SRAM MTB-Racing pairing used raw power to generate the decisive stage-winning break on the 90km ride from Hermanus to Oak Valley on Tuesday. Schurter and Forster launched a brutal attack up a steep climb 10km from the finish on Stage 2 and then powered away to a 30-second lead over the KROSS-SPUR team of Sergio Guiterrez and Ondrej Cink with Manuel Fumic and Henrique Avancini (Cannondale Factory Racing) a second further back.

OCEANA GROUP LIMITED - Appointment of Director

Wrap Text Appointment of Director Oceana Group Limited Incorporated in the Republic of South Africa (Registration number 1939/001730/06) JSE Share: OCE NSX Share Code: OCG ISIN Number: ZAE000025284 ("Oceana") Appointment of director Shareholders are advised that Ms Lesego Sennelo has been appointed as an independent non- executive director to the board of directors of Oceana ("Board"), effective 18 March 2019. Lesego is a qualified Chartered Accountant with vast experience in both the private and public sectors, spanning over 15 years. She has diverse professional experience in auditing, finance management, corporate governance and strategy development and implementation. She serves as a Non-Executive Director ("NED") for Onelogix Group Limited, Ohorongo Cement, Redefine Properties Limited and Reef Tankers. Her prior NED roles include, among others, Sasfin Holdings Limited, Foskor, SAICA, AWCA, AWCA Investment Holdings (AIH) and Medshield (Audit Committee). 19 March 2019 Cape Town Sponsor The Standard Bank of South Africa Limited Namibian Sponsor Old Mutual Investment Services (Namibia) Proprietary Limited 1 Date: 19/03/2019 05:00:00 Produced by the JSE SENS Department.

Hawks' failure to act on the Steinhoff heist appalling - COSATU

Federation says this represents the biggest corporate fraud in South African history COSATU is appalled at the Hawks failure to act on the Steinhoff heist   19 March 2019 The joint Parliamentary Committees of Finance, Trade and Industry, Public Service and Public Accounts brought Steinhoff, the Hawks, NPA before Parliament today to account for what has been done to recover the monies stolen by Steinhoff's management and to bring the accused to book. Steinhoff represents the biggest corporate fraud in South African history.  The billions of Rands looted at Steinhoff was not private funds.  It belonged to the Government Employees' Pension Fund.  It is workers' hard earned monies.

Possible business robbery foiled and one suspect arrested

Media Statement Limpopo Media Centre Corporate Communication South African Police Service   A multidisciplinary Intelligence-driven operation, comprising the Tracking Team, K9 and the Airwing, resulted in thwarting an attempt by a group of people who were allegedly on the verge of robbing supermarket at Senwabarwana outside Seshego on Sunday, 17 March 2019. The Police reacted swiftly on the information about an unknown number of suspects who were planning to break into a supermarket at Rhiland village, on 17 March 2019 around midnight. The suspects allegedly arrived at the store in three vehicles; a white Mercedes Benz, white Toyota Hilux and a black Polo VW.

Sephora champions 15 female beauty entrepreneurs with 2019 business program

Beauty giant Sephora has welcomed 15 new female entrepreneurs to its fold, as part of its 2019 Sephora Accelerate Cohort program. The retailer has selected its largest number of female founders to date as part of its 2019 cohort, bringing the total number of women who have benefitted from the program in the four years it has existed to 46. The founders will benefit from months of mentoring and feedback, a week-long bootcamp, networking opportunities and monetary grants -- all with the aim of helping them to develop their businesses.

PwC report shows these execs were responsible for fraud, says Steinhoff CEO

PwC found that a 'senior management executive' - since named as Jooste - was allegedly behind a small group of other executives, who, working with other individuals outside the Steinhoff Group, used fictitious and/or irregular transactions to inflate the group's assets by an estimated €6.5 billion - about R105 billion - between 2009 and 2017. | CAPE TOWN - Steinhoff bosses, regulatory bodies, the Hawks and the NPA on Tuesday met Parliament's joint meeting of the standing committees on finance, public accounts and the committees on trade and industry and public service and administration. The meeting came after Steinhoff on Friday released an 11-page summary of audit firm PwC's 3 000-page report on its probe into the alleged fraud and corruption that led to the collapse of the company's share price in December 2017. The company's CEO Markus Jooste resigned hours before Steinhoff disclosed the hole in its accounts. PwC found that a "senior management executive" - since named as Jooste - was allegedly behind a small group of other executives, who, working with other individuals outside the Steinhoff Group, used "fictitious and/or irregular transactions to inflate the group's assets by an estimated €6.5 billion - about R105 billion - between 2009 and 2017. Steinhoff did not want to name the individuals implicated in the PwC report citing lawyers' advice over privacy concerns.

Financial markets driven by politics, rather than economic fundamentals - Peregrine

The world is in an era of populism and nationalism, marked by the rapid rise of politicians echoing the message of a "selfish" State, effectively making the geopolitical landscape a treacherous one, says Peregrine Treasury Solutions. Corporate treasury manager Bianca Botes noted in a release published on Tuesday that many global economic powerhouses are being exposed to a variety of risks as a result of geopolitics. "This trend had its roots in the last century, when we witnessed the dissolution of united entities such as the Soviet Union, Yugoslavia and Czechoslovakia. Self-determination, the desire for autonomy and internal conflict were at the core of these splits and today the trend continues," she said. Botes went on to point out that perhaps the most prominent example of this today is the US, embodied by President Donald Trump and his mission to "make America great again".

UPDATE 1-Pernod Ricard eyes margin improvement in EMEA-LATAM business

* Eyes solid top line growth, margin improvement in EMEA-LATAM * Wine is "nice complement" to spirits despite small size * Disposal of non-core assets part of group's strategy (Adds comments on wine business from call, forecasts) By Dominique Vidalon PARIS, March 19 (Reuters) - Drinks group Pernod Ricard , which is being targeted by activist investor Elliott, said its business in Europe, the Middle East, Africa and Latin America (EMEA/LATAM) was well positioned for "solid top line growth and margin improvement". Pernod Ricard, the world's second-biggest spirits group behind Diageo, also said that while the disposal of non-core assets was part of its strategy, its wine business was "a nice complement" to its spirits operations. Pernod Ricard is under pressure from New York hedge fund Elliott Management to improve profit margins and corporate governance.

Fin24.com | Four key things to know from Steinhoff's briefing to Parliament

From naming former Steinhoff CEO Markus Jooste as one of eight executives implicated in the PwC forensic report, to arguments around who can have access to the 15 000-page document, here are four things to know from Steinhoff's first appearance before Parliament in 2.

The impact of AI on global business performance

Lillian Barnard, MD, Microsoft SA joins to talk about the results of their global Artificial Intelligence survey. The post appeared first on CNBC Africa ..

ASHBURTON MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Rebalancing of the Ashburton Top 40 ETF - ASHT40

Wrap Text Rebalancing of the Ashburton Top 40 ETF - ASHT40 Ashburton Top 40 ETF A portfolio in the Ashburton Collective Investment Scheme ("the portfolio") registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 Share Code: ASHT40 ISIN: ZAE000215364 ("ASHTOP40") REBALANCING OF THE ASHBURTON TOP 40 ETF Notice is hereby given that the quarterly review of the FTSE/JSE Top 40 Index has resulted in a rebalancing of the Ashburton Top 40 ETF. There have been changes to the Ashburton Top 40 ETF constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Share Code Share Previous Weight New Weight ABG ABSA GROUP LTD 1.91% 2.04% AGL ANGLO AMERICAN PLC 6.17% 6.18% AMS ANGLO AMERICAN PLATINUM 0.00% 0.76% ANG ANGLOGOLD ASHANTI 1.29% 1.30% APN ASPEN PHARMACARE HLD 0.63% 0.63% BHP BHP GROUP PLC 11.54% 11.23% BID BID CORPORATION LIMITED 1.59% 1.62% BTI BRIT AMERICA TOBACO 2.44% 2.45% BVT BIDVEST GROUP LTD 1.12% 1.13% CFR COM FINANCE RICHMONT SA 8.84% 8.81% CLS CLICKS GROUP LTD 0.72% 0.76% CPI CAPITEC BANK HOLDING 1.12% 1.10% DSY DISCOVERY LTD 0.81% 0.84% FSR FIRSTRAND LTD 3.33% 3.35% GFI GOLD FIELDS LIMITED 0.

A Shared Passion for Place Can Make a Business More Resilient

The nature of how and where we work continues to evolve at a rapid pace. The operations of large businesses are often dispersed around the globe, and executives are increasingly mobile. These changes are even greater for the executives who lead organizations.

MONDI LIMITED - Mondi Joint Chair

Wrap Text Mondi Joint Chair Mondi Limited (Incorporated in the Republic of South Africa) (Registration number: 1967/013038/06) JSE share code: MND ISIN: ZAE000156550 Mondi plc (Incorporated in England and Wales) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 JSE share code: MNP ISIN: GB00B1CRLC47 LSE share code: MNDI As part of the dual listed company structure, Mondi Limited and Mondi plc (together 'Mondi Group' or ‘Mondi') notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority. This announcement contains inside information. 19 March 2019 Mondi Joint Chair Mondi Group announces that Fred Phaswana, Joint Chair of the boards of Mondi Limited and Mondi plc (the "Boards"), has informed the Boards of his decision to retire. Fred is fully supportive of, and committed to, ensuring the smooth implementation of the proposed simplification of the Mondi Group's corporate structure announced in November 2018. He will stand for re-election at the annual general meetings of Mondi Limited and Mondi plc in May 2019 and, subject to his re-election by shareholders, will remain in office until completion of the proposed simplification, currently expected to be in the second half of 2019, after which Fred intends to retire as Joint Chair of the Boards.

Dominance consolidated on Stage 1 of Absa Cape Epic

Riders pass by a damduring stage 1 of the 2019 Absa Cape Epic Mountain Bike stage race held from Hermanus High School in Hermanus, South Africa on the 18th March 2019. Photo by Dwayne Senior/Cape Epic PLEASE ENSURE THE APPROPRIATE CREDIT IS GIVEN TO THE PHOTOGRAPHER AND ABSA CAPE EPIC Stage 1 of the Absa Cape Epic was a day of consolidation with both the top men and women growing their leads significantly after a tough 111km day which started and finished in Hermanus on Monday. Prologue winners Annika Langvad and Anna van der Breggen (Investec-songo-Specialized) increased their lead in the Women's race with a dominant performance that saw them ride away from their rivals early and set up a lonely journey back to the start/finish.

NEWFUNDS COLLECTIVE INVEST SCHEME - NFSH40:Change To Index Constituents Effective 19 March 2019.

Wrap Text NFSH40:Change To Index Constituents Effective 19 March 2019. NEWFUNDS (RF) SHARIAH EXCHANGE TRADED FUND PORTFOLIO Share code: NFSH40 ISIN: ZAE000130431 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) CHANGE TO INDEX CONSTITUENTS EFFECTIVE 19 MARCH 2019 In terms of section 19.28 of the JSE Limited Listings Requirements (JSE LRs), notice is hereby given to investors of the above ETF securities that the ETF portfolio was rebalanced on 18 March 2019 and that the following changes in the constituents of the underlying index in the table below will be effective on 19 March 2019. Constituent(s) added to index Constituent(s) removed from index NFSH40 - ANGLO AMERICAN PLATINUM LIMITED - GROWTHPOINT PROPERTIES LIMITED - GOLD FIELDS LIMITED Investors are advised that the above index is rebalanced on a quarterly basis and the composition of each of the portfolios may be viewed via the Absa Capital ETF website (http://etfcib.absa.co.za). 19 March 2019 Sponsor Absa Corporate and Investment Banking (a division of Absa Bank Limited) Date: 19/03/2019 02:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa Limited Dividend announcement in relatio

Wrap Text SCIB: The Standard Bank Of South Africa Limited - Dividend announcement in relation to the FSR share The Standard Bank of South Africa Limited Share Code: FSRSTA ISIN Code: ZAE000262747 19/03/2019 DIVIDEND ANNOUNCEMENT IN RELATION TO THE FSR SHARE INSTALMENT Notice is hereby given that as a result of the dividend declaration relating to FIRSTRAND LIMITED (FSR) shares, the holders of FSRSTA share instalments will receive a FIRSTRAND LIMITED (FSR) dividend per Instalment. Gross Dividend 139.0000 cents Dividend Withholding Tax Rate 20% Net Dividend 111.20000 cents Last date to trade cum dividend, Tuesday 2 April 2019 Ex-dividend Date, Wednesday 3 April 2019 Record Date, Friday 5 April 2019 Payment Date, Monday 8 April 2019 For more details relating to this dividend please refer to the SENS announcement issued by FIRSTRAND LIMITED on 12/03/2019 For further information contact: Standard Bank Warrants Tel 0800 111 780 Email: derivatives@standardbank.co.za Issuer: The Standard Bank of South Africa Limited Sponsor: SBG Securities (Pty) Limited This notice should be read together with the Common Terms Document, Conditions Annexure and relevant Supplement which collectively record the terms and conditions of the agreement between the Issuer and Warrant holders. Date: 19/03/2019 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

BRITISH AMERICAN TOBACCO PLC - Notification and public disclosure of transactions by persons discharging managerial responsi

Wrap Text Notification and public disclosure of transactions by persons discharging managerial responsibilities British American Tobacco p.l.c. Incorporated in England and Wales (Registration number: 03407696) Short name: BATS Share code: BTI ISIN number: GB0002875804 ("British American Tobacco p.l.c." or "the Company") British American Tobacco p.l.c. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Nicandro Durante 2 Reason for the notification a) Position/status Chief Executive b) Initial notification Initial notification /Amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name British American Tobacco p.l.c. b) LEI 213800FKA5MF17RJKT63 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of Ordinary shares of 25p each instrument Identification code GB0002875804 b) Nature of the transaction Transfer of shares from nominee account to Jade Investment Fund, a Person Closely Associated, with no change in beneficial ownership. c) Price(s) and volume(s) Price(s) Volume(s) £nil 189,259 d) Aggregated information

SA: Committee Condemns Mr Jooste's Lack Of Cooperation With PWC Investigation

The standing committees on Finance and Public Accounts together with the portfolio committees on Trade and Industry, and Public Service and Administration have roundly condemned Mr Markus Jooste for not cooperating with the PricewaterhouseCoopers (PwC) investigation into financial irregularities at Steinhoff that occurred while he was CEO.   The committees asked why he had avoided the investigations, if he had nothing to hide. The committees are appalled that he is still a free man, seemingly without shame or a care in the world.

Remgro earnings decline as Vumatel acquisition weighs

Remgro on Tuesday reported results for the six months ended December 2018, which included details relating to Vumatel's acquisition by The CIV group, in which Remgro has a 54.5% stake. The CIV group, which is active in the telecommunications and information technology (ICT) sector, also includes the likes of Dark Fibre Africa, and Seacom within its stable of companies. For the period under review, headline earnings decreased by 3.3% from R4 406 million to R4 259 million, while headline earnings per share (HEPS) also decreased by 3.3% from 777.5 cents to 752.1 cents.

SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Index Constituent Change - SYGT40

Wrap Text Index Constituent Change - SYGT40 The Sygnia Itrix Collective Investment Scheme Sygnia Itrix Top 40 ETF JSE code: SYGT40 ISIN: ZAE000251351 ("SYGT40") A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. INDEX CONSTITUENT CHANGE In terms of section 19.28 of the JSE Limited Listings Requirements, notice is hereby given to investors of the above ETF securities that the following changes in the constituents of the underlying index are effective from 18 March 2019. The following constituents has been added to SYGT40: ISIN Share Previous New Weight Weight ZAE000013181 Anglo American Platinum 0.00% 0.78% ZAE000018123 Gold Fields 0.00% 0.75% The following constituents have been removed from to SYGT40: ISIN Share Previous New Weight Weight ZAE000145892 Life Healthcare Group Holdings 0.63% 0.00% LU0383812293 Reinet Investments 0.58% 0.00% The above gave affect to changes in the index constituent weights. The portfolio composition file can be viewed at www.sygnia.co.za/etfs/etf-and-etn-fund-range. 19 March 2019 Manager Sygnia Itrix (RF) Pty Limited Sponsor Vunani Corporate Finance Date: 19/03/2019 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

Metropolitan Health accused of using black business as front to get tender worth hundreds of millions

A black business entity has filed a lawsuit against the company, alleging it was used to bag a lucrative government contract Metropolitan Health faces allegations that it used a small black business as a front to bag a government tender worth hundreds of millions of rands. These allegations are contained in papers attached to a R60 million lawsuit, filed by Johannesburg businessman Solly Mlondobozi against Metropolitan Health. Metropolitan Health is a subsidiary of the financial services conglomerate Metropolitan, which, in turn, is a subsidiary of MMI Holdings.

Remgro intrinsic NAVPS trading at 17% discount to share price

Remgro has released its interim results. The investment group which owns stakes in eMedia, FirstRand, MediClinic and Distell said diluted headline earnings per share fell over 3 per cent to 744 cents while dividends grew 5 per cent to 215 cents. CNBC Africa is joined by Neville Williams, CFO, Remgro.

Steinhoff executives appear before Parliament

Steinhoff executives were ultimately forced to divulge the names of former and current directors who've been fingered in the PwC report, as having been responsible for inflating the retailer's income by a whopping R100 billion. PwC's overview forensic report did not publicly mention the culprits...But after threats by legislators to subpoena Steinhoff's current executives and board members, they succumbed. For more news, visit: sabcnews.com.

Articles: Building the auditing skills of the future

The World Economic Forum (WEF) defines the Fourth Industrial Revolution as ‘The possibilities of billions of people connected by mobile devices, with unprecedented processing power, storage capacity and access to knowledge is unlimited.' What does it mean for CAs? The skills required to deliver an effective auditing service are undergoing fundamental change, and practitioners need to be aware of these if they wish to ensure continued relevance for themselves and, to be of value to the industry. In the past, an auditor needed to have a good general knowledge of accounting (IFRS standards) knowledge, and general commercial experience. The demands of our industry have changed Technological advances Because of progress in technology, automation and innovation now play a major role in auditing and accounting. It is becoming increasingly important for auditors to embrace this, if they are to keep delivering a cutting-edge service. Audit firms still employ hundreds of trainee accountants, who swarm over a company's books, selecting audit samples to assess, and then work through them historically with a green pen! A sample is not enough to provide 100% assurance.

CURRO HOLDINGS LIMITED - Changes To Board And To Audit And Risk Committee

Wrap Text Changes To Board And To Audit And Risk Committee Curro Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/025801/06) JSE Share Code: COH ISIN: ZAE000156253 ("Curro" or "the Company") CHANGES TO BOARD AND TO AUDIT AND RISK COMMITTEE In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company ("the Board") wishes to advise that: 1. Barend Petersen ("Barend"), an independent non-executive director, has notified the Board that he does not intend standing for re-election at the forthcoming annual general meeting of shareholders and has resigned in his capacity as director with effect from 01 May 2019. 2. Tsholofelo Molefe ("Tsholo") has accepted an invitation to join the Board and will be appointed as an independent non-executive director with effect from 01 May 2019. 3.

LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Notification of change of auditor

Wrap Text Notification of change of auditor Life Healthcare Group Holdings Limited Incorporated in the Republic of South Africa Registration Number: 2003/002733/06 JSE share Code: LHC ISIN: ZAE000145892 ("the Company") NOTIFICATION OF CHANGE OF AUDITOR The Board of Directors of the Company ("the Board"), through the Audit Committee, wishes to inform shareholders that following a formal tender process, Deloitte & Touche ("Deloitte") has been appointed as the Company's external auditor, with Mr. Bongisipho Nyembe as the designated audit partner, effective for the financial year ending 30 September 2020. This appointment is in alignment with the principles of good governance and pre-empting mandatory audit firm rotation. PricewaterhouseCoopers Inc.

ASHBURTON MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Rebalancing of the Ashburton MIDCAP ETF - ASHMID

Wrap Text Rebalancing of the Ashburton MIDCAP ETF - ASHMID Ashburton MidCap ETF A portfolio in the Ashburton Collective Investment Scheme ("the portfolio") registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 Share Code: ASHMID ISIN: ZAE000215349 ("ASHMIDCAP") REBALANCING OF THE ASHBURTON MIDCAP ETF Notice is hereby given that the quarterly review of the FTSE/JSE MidCap Index has resulted in a rebalancing of the Ashburton MidCap ETF. There have been changes to the Ashburton MidCap ETF constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Share Code Share Previous weight New Weight AFE A E C I LIMITED 1.05% 1.12% ARI AFRICAN RAINBOW MINE 1.57% 1.69% ASR ASSORE LIMITED 1.13% 1.21% ATT ATTACQ LIMITED 1.01% 1.07% AVI AVI LIMITED 2.80% 2.99% BAT BRAIT S.A. 0.79% 0.85% BAW BARLOWORLD LIMITED 2.50% 2.68% CCO CAPITAL & COUNTIES PROPS 1.67% 1.79% CLS CLICKS GROUP LTD 4.12% 4.54% CML CORONATION FUND MAN 1.14% 1.22% COH CURRO HOLDINGS LTD 0.39% 0.42% DCP DIS-CHEM PHARMACIES PTY 0.95% 1.02% DGH DISTELL GROUP HOLDINGS LT 1.02% 1.09% EPP ECHO POLSKA PROPERTIES 0.60% 0.64% FBR FAMOUS BRANDS LTD

HAMMERSON PLC - Annual Report and Notice of Annual General Meeting

Wrap Text Annual Report and Notice of Annual General Meeting Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 (‘Hammerson' or ‘the Company') Annual Report and Notice of Annual General Meeting 19 March 2019 The Company announces that the following documents have today been posted or otherwise made available to shareholders: - Annual Report and Financial Statements for the year ended 31 December 2018; - Notice of 2019 Annual General Meeting; and - Form of Proxy (South Africa). The above documents have been uploaded to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/UK/NSM. The 2018 Annual Report and Notice of 2019 Annual General Meeting are also available on the Company's website at www.hammerson.com. The announcement released on 25 February 2019 by the Company regarding the audited results for the year ended 31 December 2018 includes the information required by DTR 6.3.5 to be communicated to the media in full unedited text through a Regulated Information Service. The Company's Annual General Meeting will be held at 11.00 am on Tuesday, 30 April 2019 at Kings Place, 90 York Way, London N1 9GE. Sarah Booth General Counsel and Company Secretary +44 (0) 20 7887 1000 Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on the Johannesburg Stock Exchange. Sponsor: Investec Bank Limited Date: 19/03/2019 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

ASPEN PHARMACARE HOLDINGS LIMITED - Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(B) of th

Wrap Text Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(B) of the JSE listings requirements ASPEN PHARMACARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1985/0002935/06 Share code: APN ISIN: ZAE000066692 ("Aspen" or "the Company") NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 ("the Act") and paragraph 3.83(b) of the JSE Listings Requirements, holders of ordinary shares in the Company are advised that Foord Asset Management (Pty) Limited has formally notified the Company that it has increased its beneficial interest in the securities of the Company, which it holds on behalf of its clients, to 5.15% of the ordinary share capital of the Company, effective 19 March 2019. Aspen will file the required notice with the Takeover Regulation Panel as required in terms of section 122(3)(a) of the Act. Durban 19 March 2019 Sponsor Investec Bank Limited Date: 19/03/2019 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

TRUWORTHS INTERNATIONAL LIMITED - Dealings in the companys securities by directors and the company secretary

Wrap Text Dealings in the company's securities by directors and the company secretary TRUWORTHS INTERNATIONAL LIMITED (Incorporated in the Republic of South Africa) (Registration number 1944/017491/06) JSE Code: TRU; NSX Code: TRW; ISIN: ZAE000028296 ("the company") DEALINGS IN THE COMPANY'S SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY Notice is hereby given, in terms of paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited, of the following transactions in respect of the company's shares by directors and the company secretary of the company, and by directors of a material subsidiary of the company. All transactions, for which the prescribed clearance was given, are in respect of the sale of ordinary shares of the company at a volume weighted average selling price of R72.0572 (high R72.13; low R72.00), were executed on-market on 14 March 2019, relate to restricted and performance shares (in which the persons transacting have a 100% direct and beneficial interest) that vested on 14 March 2019, were held in terms of the company's 2012 share plan, and were undertaken by the relevant persons to rebalance their investment portfolios and/or to settle the tax due on vesting of the shares: Name : David Brian Pfaff Executive director of : Truworths International Limited Number of shares sold : 5 870 Total selling price : R 422 975.76 Name : Douglas Norman Dare Executive director of : Truworths International Limited Number of shares sold : 6 849 Total selling price : R 493 519.76 Name : Sean Christopher Furlong Executive director of : Truworths Limited Number of shares sold : 2 739 Total selling price : R 197 364.67 Name : Christopher Durham Company secretary of : Truw

Parliament keen to see Jooste in orange overalls as 8 execs implicated in Steinhoff fraud

LONDON — Frustrated by the lack of progress as far as the Hawks and the National Prosecuting Authority is concerned in the Steinhoff case, Parliament stepped in today and forced the new Steinhoff execs, to appear before the finance portfolio committee and release the names of those implicated in the PwC report into irregular transactions worth $7.4bn. There was a feeling among the MPs that fraud by whites is taken less seriously than irregularities by black people. Alec Hogg's intel alluded to a dirty half dozen occupants of Markus Jooste's 17 th  floor , but it turns out there were eight, four of those implicated sat somewhere overseas.

NEDBANK GROUP LIMITED - Dealings in securities by executive directors and company secretary : grant of restricted shares

Wrap Text Dealings in securities by executive directors and company secretary : grant of restricted shares NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK ISIN: ZAE000004875 ("Nedbank Group") DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY: GRANT OF RESTRICTED SHARES In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE Limited, the following information is disclosed in respect of the grant and acceptance of Restricted Shares in an off-market transaction to the executive directors and Company Secretary of Nedbank Group and Nedbank Limited on 14 and 15 March 2019. This grant is in terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme approved by shareholders at the annual general meeting on 4 May 2005. The Restricted Shares are Nedbank Group ordinary shares that are issued at no cost to eligible employees at the volume-weighted average price (R269,95) for the three trading days ended 7 March 2019, being the three trading days immediately after the publication of Nedbank Group's 2018 results. These Restricted Shares are held on an indirect beneficial basis and dividends are paid to the participant from the date of grant thereof. In terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme, the executive directors and company secretary have no discretion in relation to the number of Restricted Shares awarded nor the price at which such Restricted Shares are awarded. --- For executive directors all grants of Restricted Shares are 100% subject to performance-based vesting criteria that will determine the proportion of the grant that finally vests on 15 March 2022. Name: MWT Brown Capacity: Chief Executive Officer Number of restricted shares

GEPF actuarial report worrying - PSA

Union says it is becoming abundantly clear that the Pension Fund is on a steep downward spiral PSA concerned over GEPF actuarial report 18 March 2019 The Public Servants Association (PSA) is concerned following the release of the Government Employees Pension Fund (GEPF), actuarial report reflecting the actual position of the assets versus pension liabilities. The report reveals a worrisome downward trend. " It is becoming abundantly clear that the Pension Fund is on a steep downward spiral and if this trend continues unchecked, the strain on the Fund to honour its long-term responsibilities will continue to increase.

SANLAM LIMITED - Announcement relating to Dealings in Sanlam Securities

Wrap Text Announcement relating to Dealings in Sanlam Securities Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 JSE share code: SLM A2X share code: SLM NSX share code: SLA ISIN: ZAE000070660 ("Sanlam") Announcement relating to Dealings in Sanlam Securities In compliance with paragraphs 3.63 to 3.74 and 3.92 of the Listings Requirements of the JSE Limited ("JSE"), the following information is disclosed: Name of Scheme: Sanlam Limited Share Incentive Trust The class of securities: Sanlam Ordinary shares The nature of the agreement: Off-market sale of ordinary shares to Sanlam Life Insurance Limited for delivery to nominated participants under shareholder approved Restricted Share Plan (long-term retention with performance hurdles.) Date of transaction: 15 March 2019 The nature of the transaction: Off-market sale of ordinary shares in Sanlam Limited Total number of units: 389 005 Market value per share: R76.091 per share Total amount involved: R29 599 779.45 Pre-approval obtained: Yes Name of Director: I Kirk (Group Chief Executive) The class of securities: Sanlam Ordinary Shares The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance period: Until 14 March 2024 Date of transaction: 15 March 2019 The nature of the transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-te

Phaswana to retire as Mondi joint chairperson

LSE- and JSE-listed packaging and paper group Mondi on Tuesday announced that Fred Phaswana, joint chairperson of the boards of Mondi Limited and Mondi, has informed the boards of his decision to retire. Phaswana will retire after the completion of the company's proposed simplification, which is expected to be in the second half of this year. Joint chairperson David Williams will, meanwhile, retire in early 2020, after having served as joint chair for nine years, and almost 12 years on both boards. The boards, led by senior independent director Stephen Harris, will start the search for a new chairperson..

Vumatel acquisition contributes to CIV group loss

The CIV group contributed a loss of R104 million to Remgro's headline earnings, according to the company's interim results for the six months ended 31 December 2018. Remgro stated that this was a result of CIV acquiring a 34.9% stake in Vumatel in June 2018. "Included in the CIV group's results were finance costs amounting to R136 million, relating to the financing of the Vumatel acquisition, as well as Vumatel's equity accounted losses amounting to R41 million," Remgro said. Remgro has a 54.5% stake in the CIV group. "Excluding the aforesaid Vumatel impact, the contribution to headline earnings decreased from a profit of R32 million to a loss of R11 million," Remgro stated..

Agriculture, Forestry and Fisheries Portfolio Committee Legacy Report

SANDF Deployment to Vaal River System: DWS & SANDF briefing; Rand, Sedibeng, Bloem Water Boards 2017/18 Annual Report; Tembisa and Ekurhukeni petitions: DWS & Rand Water Board responses Water and Sanitation • 19 Mar 2019 Steinhoff follow-up meeting Finance Standing Committee • 19 Mar 2019 Committee minutes Trade and Industry • 19 Mar 2019 National Minimum Wage Amendment Bill: finalisation Labour • 18 Mar 2019 Finance Standing Committee Legacy report Finance Standing Committee • 13 Mar 2019 Amatola & Magalies Water Boards 2017/18 Annual Reports Water and Sanitation • 13 Mar 2019 Substance Abuse Treatment Centre in Free State construction delays; DSD lease agreement Social Development • 13 Mar 2019 UK Trade Agreement; Industrialisation/Localisation Committee Report; Legacy Report Trade and Industry • 13 Mar 2019 Labour Portfolio Committee Legacy Report & Committee Report on DOL Quarter 2 & 3 performance Labour • 13 Mar 2.

Amplats donates 270 ha of land to support land reform

Mining Weekly reports that Anglo American Platinum (Amplats) on Friday handed over 270 ha of land, worth about R26 million, to the Rustenburg local municipality and the Rustenburg Alchemy Development Trust to support sustainable land reform and transformation. Parent company Anglo American said the donation, which followed on Amplats' 2014 donation of 204 ha of land, valued at about R31 million, further demonstrated Amplats' and the group's continued commitment to South Africa and the country's ongoing transformation journey. It further noted that expropriation without compensation need only be a last resort "if we all do our part to support land reform".

Hawks ordered to provide weekly updates on Steinhoff investigation to Parly

SA's directorate for priority crime investigation, the Hawks, must give Parliament weekly updates on the progress of its investigation into Steinhoff, chairperson of the oversight committee on finance Yunus Carrim said on Tuesday. The Hawks were among a number of groups that briefed a joint sitting of three committees about the latest developments at the Stellenbosch-headquartered retail conglomerate.   In December 2017, Steinhoff's share price plunged after its auditors flagged accounting irregularities in its books.  'Uninspiring' feedback Carrim said on Tuesday that feedback provided by the Hawks' feedback was "uninspiring". He said it would have been better if the Hawks had said they had nothing new to say and left it at that.  Earlier, Lieutenant General Godfrey Lebeya said the Hawks were finalising the investigation into a single transaction for fraud at Steinhoff.  "We were almost ready to deal with one individual dealing with that one incident, but now we have noted 10 other transactions similar in nature that we need to pursue." He said all the incidents must be investigated together.  But MPs were not happy with this response.

Business News - 18 March 2019

Expect more load shedding this week, Sun City has lost some of it's shine. Releasing annual results, Sun International has informed the market that its had to reduce the value of its flagship asset by 306 million rand And the weak economy weighs on Advtech..

‘Business is booming at Hyundai Uitenhage' - Group Used Car Sales Manager

By 19, 2019 Uitenhage - A wide selection of premium quality vehicles, servicing, parts and excellent, friendly staff, who always go the extra mile (excuse the pun) to ensure their customers have an exceptional experience. That's what you can expect from any employee at the Kelston Motor Group . As part of the Kelston Motor Group, a family owned business which is currently in its 19 th year in the motor retail and service industry with a large footprint throughout the Eastern Cape, we have the expertise to always ask the question: Are we doing it the Kelston Way - Quality vehicles, Quality Service and are we adding value to you the customer?  As part of the Kelston Motor Group, the Hyundai Uitenhage branch recently celebrated their 1 st birthday! RNEWS spoke to Group Used Car Manager for the Kelston Motor Group, Eugene Gerber, who is at the helm of Hyundai Uitenhage and talked about the success of this branch and why motorists put so much faith and trust into the brand. The history of Hyundai Uitenhage The Hyundai Uitenhage branch is still in its early stages, having celebrated its first birthday in March this year.

Internships At Small Business Development

The Department invites all suitable and qualifying graduates aged between 18 and 35, who are interested and who have never participated in an Internship programme before, to apply for the following Internship Programmes. The duration of the internship programme is twenty-four (24) months..

Women primed to lead business evolution

BUSINESS NEWS - The newly evolved South African Council for Business Women (SACBW) is rolling out a nationwide empowerment road show to equip business women with much-needed new insights and tools to do business in the future.  The road show will stop over in the Garden Route at Pinnacle Point near Mossel Bay on Thursday 11 April. Elise Coetser, the council's leader says the business landscape is changing at an incredible rate . "The Future Jobs 2018 Report by the World Economic Forum states that new categories of jobs will soon emerge, partly or wholly displacing others.

Stock Watch Picks - 18 March 2019

Nick Kunze from Sanlam Private Wealth chose Investec PLC as his stock pick of the day and Jonathan Fisher from PSG Wealth Sandton chose Mondi PLC..

Two killed in accident at Glencore's Zambian mine

LUSAKA, March 19 (Reuters) - Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said. "All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a statement without providing details of the accident. Mopani is one the biggest mining companies in Zambia — Africa's No.

SANLAM LIMITED - Announcement relating to Dealings in Sanlam Securities

SLM 201903190056A Announcement relating to Dealings in Sanlam Securities Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 JSE share code: SLM A2X share code: SLM NSX share code: SLA ISIN: ZAE000070660 (‘Sanlam') Announcement relating to Dealings in Sanlam Securities In compliance with paragraphs 3.63 to 3.74 and 3.92 of the Listings Requirements of the JSE Limited (‘JSE'), the following information is disclosed: Name of Scheme: Sanlam Limited Share Incentive Trust The class of securities: Sanlam Ordinary shares The nature of the agreement: Off-market sale of ordinary shares to Sanlam Life Insurance Limited for delivery to nominated participants under shareholder approved Restricted Share Plan (long-term retention with performance hurdles.) Date of transaction: 15 March 2019 The nature of the transaction: Off-market sale of ordinary shares in Sanlam Limited Total number of units: 389 005 Market value per share: R76.091 per share Total amount involved: R29 599 779.45 Pre-approval obtained: Yes Name of Director: I Kirk (Group Chief Executive) The class of securities: Sanlam Ordinary Shares The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles.) The retention and performance period: Until 14 March 2024 Date of transaction: 15 March 2019 The nature of the transaction: Grant and acceptance of Restricted Shares under Restricted Share Plan (long-term retention with performance hurdles). Total number of units: 13 142 Total amount involved: R nil (Conditional value based on the closing market price on 15 March 2019 of the Sanlam share amounts to R965 937.00 calculated at R73.50 per share) Pre-approval obtained: Yes Nature of trade: Off-market transaction Interest: Direct beneficial Name of Director: T Mvusi (Chief Executive: Group Market Development) The class of securities: Sanlam Ordinary shares The nature of the agreement: Restricted Shares under Restricted Share Plan (long-term

UPDATE 1-South Africa's rand steadies, investors eye Fed meeting

(Adds stocks, updates levels, adds rand comment) JOHANNESBURG, March 19 (Reuters) - South Africa's rand steadied on Tuesday as the prospect of rolling blackouts and downbeat economic data offset expectations that a dovish tone at this week's U.S. Federal Reserve policy meeting could lift emerging market assets. At 1637 GMT, the rand traded at 14.4425 per dollar, 0.02 percent weaker than its New York close on Monday.

Deadline to recoup PIC investment in AYO extended to 60 days

The Companies and Intellectual Property Commission and the Public Investment Corporation have reached an agreement to extend the deadline for the asset manager to recoup the R4.3bn it invested in AYO. The deadline will now be extended from 15 days to 60 days, evidence leader Jannie Lubbe told the PIC inquiry on Tuesday. He said the parties had reached the agreement following last week's court application.

Rand steadies, investors eye Fed meeting

Gold also joined other precious metals to benefit from a weaker dollar going into the Fed meeting. The rand steadied on Tuesday as the prospect of rolling blackouts and downbeat economic data offset expectations that a dovish tone at this week's US Federal Reserve policy meeting could lift emerging market assets. At 1637 GMT, the rand traded at R14.44 per dollar, 0.02% weaker than its New York close on Monday. The Fed's two-day meeting starts later on Tuesday. Money markets are pricing in a 99% probability of US borrowing costs not being altered on Wednesday. "A dovish Fed will trigger a risk-on rally for risk assets.

Steinhoff To Supply FSCA With Full PwC Report On Fraud, Corruption

Steinhoff has been summoned to provide the Financial Sector Conduct Authority (FSCA) with the full report it has received from audit firm PricewaterhouseCoopers (PwC) on the fraud and corruption that led to the company's shares going into free-fall nearly a year and a half ago. Steinhoff has, so far, only released an 11-page summary of the 3,000-plus page report and did not name the former executives involved. Appearing before Parliament's Standing Committees on Finance and Public Accounts, along with two other committees on Tuesday, Steinhoff CEO Louis du Preez and board chairperson Heather Sonn were challenged on this decision and instructed to name names, which Du Preez then did.

REMGRO LIMITED - Unaudited results for the six months ended 31 December 2018 and cash dividend declaration

REM 201903190062A Unaudited results for the six months ended 31 December 2018 and cash dividend declaration REMGRO LIMITED Registration number 1968/006415/06 ISIN ZAE000026480 Share code REM INTERIM REPORT UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2018 AND CASH DIVIDEND DECLARATION SALIENT FEATURES Headline earnings per share, excluding option remeasurement -2.7% Headline earnings per share -3.3% Interim dividend per share +5.4% Intrinsic net asset value per share R230.23 SUMMARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 December 31 December 30 June R million 2018(1, 2) 2017 2018 ASSETS Non-current assets Property, plant and equipment 14 648 6 741 13 626 Investment properties 119 130 119 Intangible assets 25 167 4 873 18 427 Investments - Equity accounted 74 878 80 184 73 722 - Available-for-sale - 2 937 3 067 - Financial assets at fair value through other comprehensive income 3 315 - - Financial assets at fair value through profit and loss 151 - - Retirement benefits 578 204 737 Loans 395 573 697 Deferred taxation 190 22 158 119 441 95 664 110 553 Current assets 43 710 23 179 40 375 Inventories 11 453 3 645 10 967 Biological agricultural assets 697 619 807 Debtors and short-term loans 10 179 5 730 8 599 Financial assets at fair value through other comprehensive income 156 - - Financial assets at fair value through profit and loss 144 - - Investment in money market funds 5 494 5 849 3 996 Cash and cash equivalents 15 364 7 227 12 169 Other current assets 66 93 93 43 553 23 163 36 631 Assets held for sale 157 16 3 744 Total assets 163 151 118 843 150 928 EQUITY AND LIABILITIES Stated capital 13 416 13 416 13 416 Reserves 94 047 78 933 84 865 Treasury shares (577) (189) (183) Shareholders' equity 106 886 92 160 98 098 Non-controlling interest 15 730 3 009 15 348 Total equity 122 616 95 169 113 446 Non-current liabilities 25 888 18 161 25 891 Retirement benefits 204 183 195 Long-term loans 19 926 16 278 20 316 Deferred taxation 5 750 1 473 5 268 Derivative instruments 8 227

Steinhoff must release full PwC report on fraud, corruption

Steinhoff has, so far, only released an 11-page summary of the 3,000-plus page report and did not name the former executives involved. | CAPE TOWN - Steinhoff has been summoned to provide the Financial Sector Conduct Authority (FSCA) with the full report it has received from audit firm PricewaterhouseCoopers (PwC) on the fraud and corruption that led to the company's shares going into free-fall nearly a year and a half ago.Steinhoff has, so far, only released an 11-page summary of the 3,000-plus page report and did not name the former executives involved.Appearing before Parliament's Standing Committees on Finance and Public Accounts, along with two other committees on Tuesday, Steinhoff CEO Louis du Preez and board chairperson Heather Sonn were challenged on this decision and instructed to name names, which Du Preez then did. Du Preez said the summons from the Financial Sector Conduct Authority to produce the PwC report was received on Tuesday morning. "Whilst we were sitting here the FSCA has issued a summons.

Business Studies textbook blamed for drop in 2018 matric exam results

Earlier this year, several schools in Gauteng and Kwazulu-Natal lodged a complaint with the Department of Education to investigate the decline of Business Studies 2018 matric exam results. According to IOL News, the reason for the decline is a Business Studies textbook from Mind the Gap, that allegedly is not part of the prescribed syllabus for the subject and was only distributed to under-performing schools. IOL News further states that principals of the affected schools claimed the textbook was not freely available to all pupils, and this resulted in students attending schools that pay fees being compromised as they had no idea that the Department intended to use it in the examination.

Business CBN introduces low interest loans to revive oil palm production

The Central Bank of Nigeria (CBN) has The lending will not exceed nine percent annually as the commodity has been added to the apex bank's Anchor Borrowers Programme (ABP) and Commercial Agriculture Credit Scheme (CASC). During a meeting with some South-South and South East governors as well as stakeholders in the value chain in Abuja yesterday, CBN Governor, Godwin Emefiele expressed his discontent with the fall of Nigeria from a world-leading producer and largest exporter of palm oil in the late 50s and 60s - it commanded a 40 percent market share during this period. "Today we are a distant fifth among leading producers of palm oil.

PIC given more time to recoup R4.3-bn Ayo investment

The Public Investment Corporation's (PIC) deadline to comply with the Companies and Intellectual Property Commission's (CIPC) compliance notice instructing them to recoup the irregular R4.3-billion made to Ayo Investment Technology has been extended. READ MORE: PIC going after R4.3-billion paid to Ayo Evidence leader advocate Jannie Lubbe told the Mpati commission, headed by Justice Lex Mpati, that the CIPC has agreed on an extension of the time limit of that notice from 15 days to 60 days. The notice was effective from the date it was issued on February 21.

THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa Limited Dividend announcement in relatio

FSRSTA 201903190057A SCIB: The Standard Bank Of South Africa Limited - Dividend announcement in relation to the FSR share The Standard Bank of South Africa Limited Share Code: FSRSTA ISIN Code: ZAE000262747 19/03/2019 DIVIDEND ANNOUNCEMENT IN RELATION TO THE FSR SHARE INSTALMENT Notice is hereby given that as a result of the dividend declaration relating to FIRSTRAND LIMITED (FSR) shares, the holders of FSRSTA share instalments will receive a FIRSTRAND LIMITED (FSR) dividend per Instalment. Gross Dividend 139.0000 cents Dividend Withholding Tax Rate 20% Net Dividend 111.20000 cents Last date to trade cum dividend, Tuesday 2 April 2019 Ex-dividend Date, Wednesday 3 April 2019 Record Date, Friday 5 April 2019 Payment Date, Monday 8 April 2019 For more details relating to this dividend please refer to the SENS announcement issued by FIRSTRAND LIMITED on 12/03/2019 For further information contact: Standard Bank Warrants Tel 0800 111 780 Email: derivatives@standardbank.co.za Issuer: The Standard Bank of South Africa Limited Sponsor: SBG Securities (Pty) Limited This notice should be read together with the Common Terms Document, Conditions Annexure and relevant Supplement which collectively record the terms and conditions of the agreement between the Issuer and Warrant holders. Date: 19/03/2019 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS..

Steinhoff follow-up meeting

Access to this committee meeting report and those for the committees below is restricted. All other committees are freely accessible. The following users are exempt from a subscription fee.

Toekies Business Hive still not operational

Solly Msimanga, DA Gauteng Premier candidate conducted an oversight inspection at the non-functional Toekomsrus Business Hive on Monday, 18 March. The inspection followed the discovery that the facility has not been functional for a period of time without any explanation. Charity Moyo, DA Gauteng Premier campaign media officer said in a statement, "The Toekomsrus Business Hive is part of Premier David Makhura's Western Corridor which is a key aspect of his transformation, modernisation and re-industrialisation programme meant to grow the township economy.

Alexander Forbes appoints Bydawell chief financial officer

080615 Alex Forbes in Sandton North of Johannesburg.photo by Simphiwe Mbokazi JOHANNESBURG  - Financial services group Alexander Forbes Board said on Tuesday it had appointed Bruce Bydawell chief financial officer and a director of the company with effect from April 1. Bydawell, a chartered accountant, has over 25 years' experience in finance, audit, accounting, taxation, financial reporting, debt structuring and corporate finance, of which more than 16 years has been with the company. He was previously at Deloitte, Presmed Healthcare and Deutsche Bank.

Hawks say Steinhoff probe at an advanced stage

(Bloomberg) -  An investigation into an alleged fraudulent transaction by Steinhoff International Holdings NV is at an advanced stage, South Africa's Serious Commercial Crime Investigation unit said in a presentation to be delivered to lawmakers in Cape Town on Tuesday. The emergence of new details into the probe against the global retailer has resulted in the scope of the investigation being expanded, the presentation showed. The unit forms part of an elite police division focused on priority crimes, known as the Hawks.

Quinton Zunga: A disruptor with a dream

RH Bophelo is SA's first black-owned and managed healthcare listing. What message does this send? That there can be solutions outside of the normal incumbents. The government is at a serious crossroads in achieving good healthcare for all.

Parliament To Be Briefed On Steinhoff Probe

Parliament is set to be briefed on Tuesday morning on whether progress is being made in the investigation into the Steinhoff scandal. An internal PricewaterhouseCoopers report has been released on the company's transgressions and various parliamentary committees are keen to talk to Steinhoff about this. The company's share price lost around R200 billion in value in 2017 after German police revealed they were investigating possible criminal activity.

2019 Black Business Quarterly (BBQ) Awards: Winners announced

The 2019 Black Business Quarterly (BBQ) Awards was held at Emperor's Palace on Friday, 15 March 2019 and honoured the best of the best in black business. Jeff Radebe, minister of the department of energy, celebrated 25 years of South Africa's democracy in his opening keynote address and emphasised the importance of transformation. Transformation is well recognised as a change management strategy, which aligns people, which aligns processes and technology initiatives, irrespective of the industry you come from, in order to survive and evolve in this business environment.

KZN teen bags two medals at World Special Games

Durban - A DISABLED teen from rural KwaZulu- Natal flew the South African flag high when she bagged two medals at the World Special Olympics being held in Abu Dhabi. Senamile Dlamini, 18, from Nongoma, won a bronze medal in the half-marathon and silver in the unified division. The Special Olympics are for athletes who are intellectually challenged.

Menar's Canyon offers Eskom cheaper coal on open-book basis

JOHANNESBURG (miningweekly.com) - Coal mining company Canyon Coal, a Menar group company, is prepared to offer coal to State-owned electricity utility Eskom at a cheaper price on an open-book basis from two new projects. The Menar group, which does not supply coal to Eskom at present, employs 3 500 people on a R7-billion asset base that includes Canyon Coal, Kangra Coal and Zululand Anthracite Colliery (ZAC). With the projects it has in the pipeline, the group expects to double its employment to 7 000 in the next three years.

LOCAL COMPANIES MERGE TO BOOST SMALL BUSINESS

SMALL businesses are the key to opening up economic opportunities in the township. But for far too long small and medium-sized enterprises (SMEs) have battled for access to capital, necessary to grow their business. This has largely been due to strict banks rules, which make it increasingly difficult for small businesses to grow.

Names Revealed Of Those Implicated In Steinhoff PwC Report

Former Steinhoff chief executive officer Markus Jooste. Steinhoff bosses have been forced to reveal in Parliament the names of those implicated by audit firm PwC in its report on the alleged fraud and corruption that led to the company's share price collapse a year and a half ago. Disgraced former CEO Markus Jooste's name is among them, along with former chief financial officer Ben la Grange and former executives Dirk Schreiber and Stehan Grobler.

Assets allocation in constantly evolving markets

Vanessa Mabophe at Prescient Investment Management With constantly changing markets and macroeconomic fundamentals, asset allocation has become a more engaging process where the employment of robust processes no longer serves as a way of staying ahead of the curve, but rather a prerequisite for survival. At Prescient Investment Management we are cognisant of continuously evolving markets and take on a quantitatively and macroeconomically inclined asset allocation methodology. Our investable asset universe spans a wide range that includes local cash, equities, bonds, real assets (for example, listed property and inflation-linked bonds) and SA alternatives.

MPs want Markus Jooste, associates behind bars over Steinhoff scandal

Former Steinhoff chief executive, Markus Jooste. Photo: Armand Hough/African News Agency (ANA) Parliament - Members of Parliament have demanded more answers on the collapse of Steinhoff with members of various committees saying they want Markus Jooste and his associates arrested and prosecuted for the corporate scandal. MPs told the retail giant and law enforcement agencies on Tuesday they were taking too long to get Jooste and his former colleagues prosecuted.

Eight people, including ex-CEO responsible for Steinhoff fraud, says current CEO

Eight people, including Steinhoff former chief executive Markus Jooste, were involved in a 6.5 billion euro (5.6 billion pounds) accounting fraud at the South African retailer, the company CEO Louis du Preez told lawmakers on Tuesday. Steinhoff former chief executive Markus Jooste - Photo: Reuters Jooste, who resigned hours before the company disclosed the hole its accounts in December 2017, has previously denied any wrongdoing..

S.African watchdog demands Steinhoff produce report about fraud - CEO

JOHANNESBURG, March 19 (Reuters) - South African capital markets watchdog has demanded that Steinhoff share a copy of an investigation report into the retailer's accounting fraud, the company's chief executive said on Tuesday. "The (Financial Sector Conduct Authority) has issued a summons for the production of the report. I will take legal advice and we will do what we obliged to do," CEO Louis du Preez told journalists after briefing to lawmakers in Cape Town.

Women primed to lead business evolution

BUSINESS NEWS - The newly evolved South African Council for Business Women (SACBW) is rolling out a nationwide empowerment road show to equip business women with much-needed new insights and tools to do business in the future.  The road show will stop over in the Garden Route at Pinnacle Point near Mossel Bay on Thursday 11 April. Elise Coetser, the council's leader says the business landscape is changing at an incredible rate . "The Future Jobs 2018 Report by the World Economic Forum states that new categories of jobs will soon emerge, partly or wholly displacing others.

Notoane admits he has very little time to prepare SA Under-23s for Olympic qualifier against Angola

SA Under 23 coach David Notoane has admitted that he does not have enough to prepare his new team ahead of their 2020 Olympic preliminary qualifier against Angola in Luanda on Friday. With his overseas-based players only arriving in SA later on Tuesday‚ Notoane conceded that he would have a difficult time getting his charges to click as a unit. "The challenge we have is that different clubs are playing different styles‚" said Notoane‚ who tested his new charges against the Lesotho senior national team in a warm-up friendly in Johannesburg on Monday.

The Big Small Business Show - 18 March 2019: Part 1

Shareholder disputes and subsequent sale of shares can actually be equated to a commercial divorce. Join Andre Bresler from Benchmark International for very valuable tips on how to deal with with a break-up between business partners..

What is HCI and how can it benefit your business?

Business are demanding more from infrastructure as they seek to streamline, and ultimately speed up, their processes, increase productivity and manage the scalability of the business. Much of this can be accomplished through technology but it often involves a significant investment in complex IT infrastructure that comprises of storage, computational power and networking solutions. This in turn means companies need specialised teams to manage this infrastructure.

What you need to know about the eight main Steinhoff suspects

Steinhoff CEO Louis du Preez and chairperson Heather Sonn in parliament on Tuesday. Photo: Jaco Marais, Netwerk24 Steinhoff's CEO has named the eight main suspects in the company's fraud investigation. They are: Markus Jooste, Stehan Grobler, Ben la Grange, Dirk Schreiber, Siegmar Schmidt, George Alan Evans and Jean-Noel Pasquier.

Ghana toque at Standard Bank Group

The Ghanaian Minister of Finance, in Ofori-Atta, must complete a $ 2 billion budget. Ghana is seeking $ 750 million negotiated as a syndicated loan from Standard Chartered Plc and Standard Bank Group Ltd, Ghana's Ministry of Finance says. The amount should be used to finance infrastructure projects and refinance existing debts.

Kollective: Uniting employees on business strategy through video

Communication is the key to thriving in the digital economy. It's vital to an organization's internal culture (supporting collaboration, transparency, feedback and strategy) and is an essential element driving customer engagement and business growth. But for comms leaders, when it comes to uniting employees on business strategy, it can be challenging to ensure that everyone understands the organization's vision, mission and culture.

Markus Jooste wall of shame tagged again?

During a sitting of three parliamentary committees on Tuesday, the chair of the Standing Committee on Finance, Yunus Carrim, remarked that disgraced business leader at that very moment. The point he was trying to make was that Jooste, the former golden boy of South Africa's business scene, was living each day freely while members of the public and investors were calling, nay shouting, for action and convictions from the authorities following the near-collapse of retailer Steinhoff in 2017. READ:  But some 120km away from Parliament, in Jooste's hometown of Hermanus, the former Steinhoff chief executive was given a rude awakening right on his doorstep.

NEWFUNDS COLLECTIVE INVEST SCHEME - NFSH40:Change To Index Constituents Effective 19 March 2019.

NFSH40 201903190047A NFSH40:Change To Index Constituents Effective 19 March 2019. NEWFUNDS (RF) SHARIAH EXCHANGE TRADED FUND PORTFOLIO Share code: NFSH40 ISIN: ZAE000130431 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) CHANGE TO INDEX CONSTITUENTS EFFECTIVE 19 MARCH 2019 In terms of section 19.28 of the JSE Limited Listings Requirements (JSE LRs), notice is hereby given to investors of the above ETF securities that the ETF portfolio was rebalanced on 18 March 2019 and that the following changes in the constituents of the underlying index in the table below will be effective on 19 March 2019. Constituent(s) added to index Constituent(s) removed from index NFSH40 - ANGLO AMERICAN PLATINUM LIMITED - GROWTHPOINT PROPERTIES LIMITED - GOLD FIELDS LIMITED Investors are advised that the above index is rebalanced on a quarterly basis and the composition of each of the portfolios may be viewed via the Absa Capital ETF website (http://etfcib.absa.co.za). 19 March 2019 Sponsor Absa Corporate and Investment Banking (a division of Absa Bank Limited) Date: 19/03/2019 02:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS..

Notoane admits he has very little time to prepare SA Under-23s for Olympic qualifier against Angola

SA Under 23 coach David Notoane has admitted that he does not have enough to prepare his new team ahead of their 2020 Olympic preliminary qualifier against Angola in Luanda on Friday. With his overseas-based players only arriving in SA later on Tuesday‚ Notoane conceded that he would have a difficult time getting his charges to click as a unit. "The challenge we have is that different clubs are playing different styles‚" said Notoane‚ who tested his new charges against the Lesotho senior national team in a warm-up friendly in Johannesburg on Monday.

Menar's Canyon offers Eskom cheaper coal on open-book basis

JOHANNESBURG (miningweekly.com) - Coal mining company Canyon Coal, a Menar group company, is prepared to offer coal to State-owned electricity utility Eskom at a cheaper price on an open-book basis from two new projects. The Menar group, which does not supply coal to Eskom at present, employs 3 500 people on a R7-billion asset base that includes Canyon Coal, Kangra Coal and Zululand Anthracite Colliery (ZAC). With the projects it has in the pipeline, the group expects to double its employment to 7 000 in the next three years. (Also watch attached Creamer Media video.) "Security of power supply is critical.

Former Steinhoff CEO Markus Jooste has been named as one of the people implicated in the PwC report.

Steinhoff executives were ultimately forced to divulge the names of former and current directors who've been implicated in the PwC report as having been responsible for inflating the retailer's income by a whooping R100 billion. PwC's overview forensic report did not publicly mention the culprits, but after threats by legislators to subpoena Steinhoff's current executives and board members, they succumbed. Steinhoff executives cited a legal opinion that prevents them from divulging the names of the culprits, but the legal opinion obtained by Parliament suggested there's no legal jurisdiction that prevents them from obtaining these names from Steinhoff.

Jason Rohde appeal attempt to be heard in April

The application for leave to appeal by convicted murderer Jason Rohde will be heard in the Western Cape High Court in April. Rohde's lawyer filed for leave to appeal his conviction and 20-year sentence last week. The former property mogul was found guilty of the 2016 murder of his wife, Susan Rohde, and defeating the ends of justice for tampering with the evidence in an attempt to make it look like a suicide.

ASPEN PHARMACARE HOLDINGS LIMITED - Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(B) of th

APN 201903190043A Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(B) of the JSE listings requirements ASPEN PHARMACARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1985/0002935/06 Share code: APN ISIN: ZAE000066692 (‘Aspen' or ‘the Company') NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (‘the Act') and paragraph 3.83(b) of the JSE Listings Requirements, holders of ordinary shares in the Company are advised that Foord Asset Management (Pty) Limited has formally notified the Company that it has increased its beneficial interest in the securities of the Company, which it holds on behalf of its clients, to 5.15% of the ordinary share capital of the Company, effective 19 March 2019. Aspen will file the required notice with the Takeover Regulation Panel as required in terms of section 122(3)(a) of the Act. Durban 19 March 2019 Sponsor Investec Bank Limited Date: 19/03/2019 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

Gauteng: Two shot in R21 shooting.

Gauteng: At 11H42 Tuesday morning Netcare 911 responded to reports of a shooting on the R21, Jet Park in Boksburg. Reports from the scene indicate that two adult males of a light motor vehicle were shot while travelling in the direction of Kempton Park. The patients were assessed on scene by Advanced Life support paramedics and found to have sustained critical injuries. One of the adult males sustained a gunshot wound to the head and the other male was found with gunshot wounds to his upper torso. Once stabilised both patients were transported by various ambulance services to hospital for further treatment. Circumstances leading up to the shooting will be investigated by the SAPS who were on scene. Shawn Herbst Media Liaison Officer Netcare Limited Netcare 911....

Becoming Buffet: 10 things you need to consider as a beginner investor

Not even a year ago I knew absolutely nothing about investing. Investing to me was reserved for the financial elite and required you to sit in front of your computer almost 247 watching and timing the markets.Boy was I wrong!A year later I find myself in a position with several investments (6 to be exact) having bought shares in several locally and internationally reputable companies like Apple Netflix Google and Naspers.The investing landscape has changed significantly over the years becoming more accessible to the general masses. Its a fallacy to think that investing is reserved for the top 1% or for those who graduated with a finance degree.In fact how do you think the top 1% got to where they are today Warren Buffet bought his first share at the age of 11.

Local toastmasters rake in the awards in Mozambique

The area contest members participated in was hosted by the Kula Toastmasters and consisted of the international speech, evaluation and table topics contests. Besides Crocodile Toastmasters, eMalahleni and both Kula and Maputo Toastmasters from Mozambique competed. International Contest Jan Frans (3rd), Pinkie Dhlamini (2nd), Abias Mapanzure Zani Barrish who joined Crocodile last year after being a member of President Toastmasters in Pretoria for 11 years, walked away as the winner in the evaluation contest.

PwC's report is a replica of Viceroy's report: Perring

Steinhoff is coming under pressure today in parliament as the company aims for executives and directors who had pocketed millions of rands in an accounting scandal. The long-awaited release of the PwC forensic report on Steinhoff was released on Friday which accused Markus Jooste and other directors who had inflated the group's profits and asset value through irregular transactions between 2009 and 2017. Fraser Perring, Founder of Viceroy Research joins CNBC Africa for more.

Can Business Save The SA Economy From #Eskom?

iAfrica, a division of Africa.com Media Group is a multi-platform media company curating, aggregating, and producing news and information. Online for more than 15 years, its mission is to serve as a comprehensive source for better understanding and unity to help make South Africa truly one nation today, tomorrow and for decades to follow..

LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Notification of change of auditor

LHC 201903190044A Notification of change of auditor Life Healthcare Group Holdings Limited Incorporated in the Republic of South Africa Registration Number: 2003/002733/06 JSE share Code: LHC ISIN: ZAE000145892 (‘the Company') NOTIFICATION OF CHANGE OF AUDITOR The Board of Directors of the Company (‘the Board'), through the Audit Committee, wishes to inform shareholders that following a formal tender process, Deloitte & Touche (‘Deloitte') has been appointed as the Company's external auditor, with Mr. Bongisipho Nyembe as the designated audit partner, effective for the financial year ending 30 September 2020. This appointment is in alignment with the principles of good governance and pre-empting mandatory audit firm rotation. PricewaterhouseCoopers Inc.

Ex-CEO and 7 others responsible for Steinhoff fraud

Former Steinhoff chief executive Markus Jooste. Reuters JOHANNESBURG - Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion - R105.77bn ) accounting fraud at the South African retailer, the new CEO said told lawmakers on Tuesday, according to Reuters.  Steinhoff said on Friday an independent report had found it overstated profits over several years in the fraud that involved a small group of top executives and outsiders. PwC conducted the independent investigation.  The company did not name the individuals last week, citing legal reasons.

ExCEO and 7 others responsible for Steinhoff fraud

JOHANNESBURG Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion  R105.77bn ) accounting fraud at the South African retailer the new CEO said told lawmakers on Tuesday according to Reuters.  Steinhoff said on Friday an independent report had found it overstated profits over several years in the fraud that involved a small group of top executives and outsiders. PwC conducted the independent investigation.  The company did not name the individuals last week citing legal reasons. But during Tuesdays session in parliament South African lawmakers instructed Louis du Preez who was appointed CEO last year to reveal those involved.

Steinhoff promises that those implicated will be held accountable

Heather Sonn, chair of Steinhoff's supervisory board, and CEO Louis du Preez will brief parliament on Tuesday Steinhoff, which remains "in a precarious position", will tell parliament on Tuesday that those responsible for SA's biggest corporate scandal "will be held accountable". On Friday last week, the long-awaited release of the overview of PwC's forensic investigation into the beleaguered retail group was published. While generally light on information, the overview revealed that an estimated €6.5bn worth of fictitious transactions between 2009 and 2017 had inflated the group's profits and asset value. That suggests that Steinhoff was actually not profitable. "The €6.5bn is higher than the profits declared by the company over that period," Vestact said in a note to clients this week. Steinhoff said in a presentation for its briefing to parliament on Tuesday that it was co-operating with a number of regulators in SA, including the Financial Sector Conduct Authority, the Hawks, the National Director of Public Prosecutions, and two branches of the Asset Forfeiture Unit. Heather Sonn, chair of Steinhoff's supervisory board, and CEO Louis du Preez are briefing parliament. Parliament said in a statement that "the main aim of the meeting is to establish from the Hawks, the National Prosecuting Authority and the relevant regulatory bodies what progress these institutions have made in acting against those accused of wrongdoing since the committees' last meeting in September last year". Yunus Carrim, the chair of the standing committee on finance, said: "This is after all the biggest corporate scandal the country has ever faced and we want to see decisive action. Not words of action, but action!" The overview of the PwC report says a "small group" of former executives and other non-Steinhoff executives, led by a senior management executive, "structured and implemented various transactions over a number of years which had the result of substantially inflating the profit and asset values of t

STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff Briefing To South African Parliament

Wrap Text Steinhoff - Briefing To South African Parliament Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 STEINHOFF - Briefing to South African Parliament Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group") The Company has been invited to attend the South African Parliament today in order to present an update on progress made. The presentation is available on the company's website: http://steinhoffinternational.com/. Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group. JSE Sponsor: PSG Capital Stellenbosch, 19 March 2019 Date: 19/03/2019 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

GLENCORE PLC - GLN: Transactions In Own Shares - 18 March 2019

Wrap Text GLN: Transactions In Own Shares - 18 March 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 19 March 2019 Transactions in own shares - 18 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 18 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,750,000 Lowest price paid per share (GBp): 307.6000 Highest price paid per share (GBp): 312.7500 Volume weighted average price paid per share (GBp): 310.9114 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 712,472,991 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,873,727,075. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue

NEDBANK GROUP LIMITED - Dealings in securities by executive directors and company secretary : grant of restricted shares

NED 201903190030A Dealings in securities by executive directors and company secretary : grant of restricted shares NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK ISIN: ZAE000004875 (‘Nedbank Group') DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY: GRANT OF RESTRICTED SHARES In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE Limited, the following information is disclosed in respect of the grant and acceptance of Restricted Shares in an off-market transaction to the executive directors and Company Secretary of Nedbank Group and Nedbank Limited on 14 and 15 March 2019. This grant is in terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme approved by shareholders at the annual general meeting on 4 May 2005. The Restricted Shares are Nedbank Group ordinary shares that are issued at no cost to eligible employees at the volume-weighted average price (R269,95) for the three trading days ended 7 March 2019, being the three trading days immediately after the publication of Nedbank Group's 2018 results. These Restricted Shares are held on an indirect beneficial basis and dividends are paid to the participant from the date of grant thereof. In terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme, the executive directors and company secretary have no discretion in relation to the number of Restricted Shares awarded nor the price at which such Restricted Shares are awarded. — For executive directors all grants of Restricted Shares are 100% subject to performance-based vesting criteria that will determine the proportion of the grant that finally vests on 15 March 2022. Name: MWT Brown Capacity: Chief Executive Officer Number of restricted shares granted: 61 122 with performance-based vesting criteria Price per restricted share: R269.95 Total value: R16 499 883.90 Date of grant: 14 March

ASHBURTON MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Rebalancing of the Ashburton MIDCAP ETF - ASHMID

ASHMID 201903190038A Rebalancing of the Ashburton MIDCAP ETF - ASHMID Ashburton MidCap ETF A portfolio in the Ashburton Collective Investment Scheme (‘the portfolio') registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 Share Code: ASHMID ISIN: ZAE000215349 (‘ASHMIDCAP') REBALANCING OF THE ASHBURTON MIDCAP ETF Notice is hereby given that the quarterly review of the FTSE/JSE MidCap Index has resulted in a rebalancing of the Ashburton MidCap ETF. There have been changes to the Ashburton MidCap ETF constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Share Code Share Previous weight New Weight AFE A E C I LIMITED 1.05% 1.12% ARI AFRICAN RAINBOW MINE 1.57% 1.69% ASR ASSORE LIMITED 1.13% 1.21% ATT ATTACQ LIMITED 1.01% 1.07% AVI AVI LIMITED 2.80% 2.99% BAT BRAIT S.A. 0.79% 0.85% BAW BARLOWORLD LIMITED 2.50% 2.68% CCO CAPITAL & COUNTIES PROPS 1.67% 1.79% CLS CLICKS GROUP LTD 4.12% 4.54% CML CORONATION FUND MAN 1.14% 1.22% COH CURRO HOLDINGS LTD 0.39% 0.42% DCP DIS-CHEM PHARMACIES PTY 0.95% 1.02% DGH DISTELL GROUP HOLDINGS LT 1.02% 1.09% EPP ECHO POLSKA PROPERTIES 0.60% 0.64% FBR FAMOUS BRANDS LTD 0.75% 0.80% FFA FORTRESS REIT LTD - A 2.08% 2.23% FFB FORTRESS REIT LTD - B 0.96% 1.03% GFI GOLD FIELDS LIMITED 4.34% 4.64% HAR HARMONY GOLD MINING 1.19% 1.34% HCI HOSKEN CONS INVESTMENTS L 0.53% 0.57% HYP HYPROP INV LTD 1.91% 2.04% IMP IMPALA PLATINUM HOLDINGS 4.04% 4.32% IPL IMPERIAL LOGISTICS 1.01% 1.08% ITE ITALTILE LIMITED 0.55% 0.59% ITU INTU PROPERTIES PLC 1.76% 1.88% JSE JSE LTD 1.24% 1.33% KAP KAP INDUST HOLDINGS LT 1.34% 1.44% KST PSG KONSULT LTD 0.38% 0.41% LBH LIBERTY HOLDINGS LTD 1.10% 1.18% LHC LIFE HEALTHCARE GROUP HOL 3.57% 3.82% MMI MMI HOLDINGS LIMITED 1.68% 1.76% MSM MASSMART HOLDINGS 0.88% 0.94% MSP MAS REAL ESTATE INC 0.00% 1.00% MTH MOTUS HOLDINGS LTD 1.26% 1.51% NHM NORTHAM PLATINUM LTD 2.03% 2.17% NPK NAMPAK LIMITED 0.70% 0.75% NTC NETCARE LIMITED 3.49% 3.73% OCE OCE

Jordyn Woods ‘flooded' with business deals following cheating scandal

It seems the cheating scandal did not ruin Jordyn Woods' reputation the way the Kardashian clan had hoped. In fact, sources close to Woods said that she has been "flooded with calls" from various companies wanting to work with her.  The Kardashian/Jenner family were hit with another cheating scandal in February after reports claimed that Khloe Kardashians' baby daddy, Tristan Thompson and Jordyn were seen getting cosy at a party. Jordyn received backlash from the Kardashians, who claimed that she broke up a family.

South Africa police probe into Steinhoff fraud at advanced stage

An investigation into an alleged fraudulent transaction by Steinhoff International Holdings is at an advanced stage, South Africa's Serious Commercial Crime Investigation unit said in a presentation to be delivered to lawmakers in Cape Town on Tuesday. The emergence of new details into the probe against the global retailer has resulted in the scope of the investigation being expanded, the presentation showed. The unit forms part of an elite police division focused on priority crimes, known as the Hawks. The composition of the investigating team has been enhanced and will also look into a report released on Friday by Steinhoff following a forensic probe by PwC, the crime unit said.

Steinhoff bosses forced by MPs to reveal names of execs implicated in PwC report

Disgraced former CEO Markus Jooste's name is among them, along with former chief financial officer Ben la Grange and former executives Dirk Schreiber and Stehan Grobler. | CAPE TOWN - Steinhoff bosses have been forced to reveal in Parliament the names of those implicated by audit firm PwC in its report on the alleged fraud and corruption that led to the company's share price collapse a year and a half ago.Disgraced former CEO Markus Jooste's name is among them, along with former chief financial officer Ben la Grange and former executives Dirk Schreiber and Stehan Grobler. None are still employed by the company. Steinhoff's chief executive officer Louis Du Preez initially insisted that on the advice of Steinhoff's lawyers, the names could not be divulged.

Shoprite Retail Business Management Bursary 2019

Tue, 03/19/2019 - 10:03 The Bursary aims at attracting and funding future Trainee Retail Managers who want to follow the lucrative management career in Retail. The Bursary is available for 1st, 2nd, 3rd year and B-Tech Students. Retail Business Management Bursary Qualifications    Successful completion of the first semester of:  Grade 12 with an average of 70% + or  National Diploma:Retail Business or equivalent qualification with an average of 60% +.

WATCH: Stock picks — Investec and Mondi

Nick Kunze from Sanlam Private Wealth chose Investec as his stock pick of the day and Jonathan Fisher from PSG Wealth Sandton chose Mondi. Kunze said Investec Plc is not an expensive share, "as it is trading at R90 a share with a forward price-earnings ratio of nine. When the story first broke of them spinning off the asset management business the share popped up to R114-R115 per share. It is back now on quite a nice level.

MONDI LIMITED - Mondi Joint Chair

MND MNP 201903190039A Mondi Joint Chair Mondi Limited (Incorporated in the Republic of South Africa) (Registration number: 1967/013038/06) JSE share code: MND ISIN: ZAE000156550 Mondi plc (Incorporated in England and Wales) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 JSE share code: MNP ISIN: GB00B1CRLC47 LSE share code: MNDI As part of the dual listed company structure, Mondi Limited and Mondi plc (together ‘Mondi Group' or ‘Mondi') notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority. This announcement contains inside information. 19 March 2019 Mondi Joint Chair Mondi Group announces that Fred Phaswana, Joint Chair of the boards of Mondi Limited and Mondi plc (the ‘Boards'), has informed the Boards of his decision to retire. Fred is fully supportive of, and committed to, ensuring the smooth implementation of the proposed simplification of the Mondi Group's corporate structure announced in November 2018. He will stand for re-election at the annual general meetings of Mondi Limited and Mondi plc in May 2019 and, subject to his re-election by shareholders, will remain in office until completion of the proposed simplification, currently expected to be in the second half of 2019, after which Fred intends to retire as Joint Chair of the Boards.

BHP GROUP PLC - Board appointments

Wrap Text Board appointments BHP Group Plc Registration number 3196209 Registered in England and Wales Share code: BHP ISIN: GB00BH0P3Z91 NEWS RELEASE Release Time IMMEDIATE Date 19 March 2019 Release Number 07/19 BHP Board appointments BHP Chairman, Ken MacKenzie, today announced the appointment of Ian Cockerill and Susan Kilsby to the BHP Board as independent Non-executive Directors, effective 1 April 2019. Mr Cockerill has extensive mining experience, including in chief executive, operational, strategic and technical roles. He was formerly the Chief Executive Officer of Anglo Coal and Gold Fields Limited, and a senior executive with AngloGold Ashanti and Anglo American Group. Mr Cockerill has considerable public company board experience, including as a Non-executive Director of Orica Limited, Ivanhoe Mines Ltd and Endeavour Mining Corporation, and as Chairman of the board of Blackrock World Mining Trust plc. Ms Kilsby has extensive experience in finance and strategy, having held several roles in global investment banking.

Confidentiality key to ensuring prosecution is not jeopardised: Steinhoff's Sonn

Steinhoff had to take care about maintaining confidentiality about those responsible for irregular transactions so as not to jeopardise future litigation, the company's chair, Heather Sonn, said in Parliament on Tuesday. Sonn and Steinhoff CEO Louis du Preez addressed a joint meeting of four parliamentary committees — finance, public accounts, trade and industry and public service and administration — to update them on developments within the group and on the PwC forensic report, which was released Friday. The report indicated that income and asset values had been overstated by about €6.5bn euros by means of fictitious and irregular transactions over an extended period of time.

BHP adds to its board

PERTH (miningweekly.com) - Diversified miner BHP has appointed Ian Cockerill and Susan Kilsby as independent nonexecutive directors to the company's board, effective from April 1. Cockerill has extensive mining experience and has held a number of management roles, including as CEO of Anglo Coal and Gold Fields, and has been a senior executive with AngloGold Ashanti and the Anglo American Group. Kilsby for her part has held several roles in global investment banking, and has been a senior executive at Credit Suisse. She is currently the senior independent director at BBA Aviation, and a nonexecutive director of Diageo and Fortune Brands Home & Security. BHP chairperson Ken MacKenzie said on Tuesday that the appointment of Cockerill and Kilsby was the outcome of a structured and rigorous approach to board succession planning, including an extensive global search.

No more anonymity for Steinhoff execs implicated in PwC report

Parliament on Tuesday instructed the troubled South Africa-based multinational Steinhoff to make public the names of its former executives who were found by auditing firm PwC to have inflated the company's profit and assets values. The implicated individuals' names were apparently initially kept confidential in the recently released forensic report, but MPs were of the view that they should not be protected. The company's current executives were appearing on Tuesday before three parliamentary committees in a joint sitting with representatives from the National Prosecuting Authority and the Hawks.

Can business save the SA economy from #Eskom?

Thomas Garner, Chairperson at SA Independent Power Producers Association and Stephen Larkin, CEO of Africa New Energies join CNBC Africa to discuss the crisis at Eskom.... The post appeared first on CNBC Africa ..

MONDI PLC - Mondi Joint Chair

MND MNP 201903190039A Mondi Joint Chair Mondi Limited (Incorporated in the Republic of South Africa) (Registration number: 1967/013038/06) JSE share code: MND ISIN: ZAE000156550 Mondi plc (Incorporated in England and Wales) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 JSE share code: MNP ISIN: GB00B1CRLC47 LSE share code: MNDI As part of the dual listed company structure, Mondi Limited and Mondi plc (together ‘Mondi Group' or ‘Mondi') notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority. This announcement contains inside information. 19 March 2019 Mondi Joint Chair Mondi Group announces that Fred Phaswana, Joint Chair of the boards of Mondi Limited and Mondi plc (the ‘Boards'), has informed the Boards of his decision to retire. Fred is fully supportive of, and committed to, ensuring the smooth implementation of the proposed simplification of the Mondi Group's corporate structure announced in November 2018. He will stand for re-election at the annual general meetings of Mondi Limited and Mondi plc in May 2019 and, subject to his re-election by shareholders, will remain in office until completion of the proposed simplification, currently expected to be in the second half of 2019, after which Fred intends to retire as Joint Chair of the Boards.

Jooste and seven others named as those behind Steinhoff's collapse

Steinhoff International Holdings NV identified eight people, including former Chief Executive Officer Markus Jooste, as those allegedly behind questionable transactions that brought the global retailer to near collapse. The company's executives were compelled by a South African parliamentary committee to release the names even as Chairwoman Heather Sonn and Chief Executive Officer Louis du Preez warned it could jeopardise investigations and break European privacy laws. Jooste's mobile phone went straight to voicemail when called for comment and he didn't immediately respond to a text message.

Tencent trims staff amid growing competition

Tencent's workforce had ballooned to more than 50,000 as of September, from just more than 30,000 at the end of 2015 Hong Kong — Tencent, which is 31% owned by Naspers, is putting about 10% of its managers on notice, as China's largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, according to people familiar with the matter. President Martin Lau told an internal meeting late in 2018 that its lowest-performing general managers would need to leave the company or be demoted, mainly because not much staff-pruning had occurred in the past, the people said, asking not to be identified talking about a private matter. Jane Yip, a spokesperson for the company, declined to comment. The move comes as Tencent climbs out of one of its deepest troughs. Chinese regulators froze gaming approvals for nine months in 2018, walloping the company's bread-and-butter business.

JSE edges towards 57,000 points due to miners

A rising oil price continues to support diversified miners, although global activity is muted as investors wait for fresh catalysts Rising commodity prices provided support for the JSE on Tuesday morning, despite a lack of appetite for risk assets as uncertainty around Brexit escalated. A third vote on UK Prime Minister Theresa May's Brexit agreement is not expected to take place this week, leaving May with the task of requesting more time from the EU later in the week. Uncertainty over Brexit, along with the forthcoming US Federal Reserve monetary policy announcement on Wednesday, were providing sufficient reasons for traders to be cautious. Local banks were under some pressure on Tuesday, while many other indices were flat. At 10am the all share was up 0.33% to 56,957.5 points and the top 40 0.3%. The resources index was up 1.03% and platinums 0.8%. Banks were down 0.32%. The local bourse last closed above 57,000 points in September 2018. Gold and platinum were flat at $1,304.41/oz and $834.06/oz, respectively.

Cryptovecs Capital and PO8 seal $1 million investment deal, eye new markets

South Africa Blockchain Venture Capital fund, Cryptovecs Capital and PO8 reached an agreement for a $1 million USD investment into PO8's up-coming security token offering to allow the firm to evaluate and enter other African markets including Kenya. Joining CNBC Africa for more on this is Matthew Arnett CEO PO8 and John Lombela Managing Director of Cryptovecs Capital. https://www.cnbcafrica.com/videos/...

How to grow your business quickly but responsibly, according to Reid Hoffman and Chris Yeh

This is the full text of the "Responsible Blitzscaling" chapter from Reid Hoffman and Chris Yeh's book, Blitzscaling . In an ideal world, blitzscaling organizations would embody all the virtues that society might desire from its businesses—?a diverse and inclusive workforce, a strong sense of responsibility to shareholders and stakeholders, an ample supply of well-paying jobs, and executives who serve as moral role models and leaders of society. The unfortunate truth is that for all the good that blitzscaling produces, blitzscaling organizations can be guilty of the same sins committed by other types of companies, and face some inherent challenges even when trying to behave responsibly.

The joys of watching Africas best ballers on a London stage

JOHANNESBURG Im not a Liverpool fan. Neither am I a hater of the Reds. Im just neutral about them because I know that on any day Id jump at the opportunity to watch their stalwarts and two of the current African greats Sadio Mane and Mohamed Salah take the field of play.And thanks to MultiChoice I got that opportunity while I am here in London accompanying Bloemfontein Celtic reserve team who are being rewarded for winning the PSL feeder league this season.Inclusive of my attractive itinerary was a live match at Craven Cottage where relegationthreatened Fulham welcomed championshiphopefuls Liverpool in the English Premier League.Add to the fact that this would be the third live match that Id watch since arriving here on Thursday having been to the Emirates Stadium to watch Arsenal take on French outfit Stade Rennais in the second leg of the Uefa Europa League.It was pleasing to the eye when Gabonese international and African footballer of the Year nominee PierreEmerick Aubameyang propelled the Gunners to the lasteight of the continental competition.That encounter was followed by an EPL clash between West Ham United and Huddersfield Town at the 2012 Olympics Games main arena London Stadium.Having already been to these two stadiums that have such a profound history the 26 000seater at Craven Cottage was likely going to give me a unique experience I rhetorically thought.Its outside walls were a piece of admiration themselves built in the old rigid bricks that show it was originally a royal lodge.But it was the entrance to the field of play that was mind blowing.

Alexander Forbes appoints Bydawell chief financial officer

JOHANNESBURG  Financial services group Alexander Forbes Board said on Tuesday it had appointed Bruce Bydawell chief financial officer and a director of the company with effect from April 1.Bydawell a chartered accountant has over 25 years experience in finance audit accounting taxation financial reporting debt structuring and corporate finance of which more than 16 years has been with the company.He was previously at Deloitte Presmed Healthcare and Deutsche Bank.Last month Alexander Forbes said its CFO Deon Viljoen will leave at the end of April after 14 years with the group. In a statement the listed financial services provider said Viljoen was leaving to pursue other opportunities.CEO Andrew A. Darfoor says Viljoen has decided to pursue a new role outside the group.

Champagne Queen B sets eyes on beverage-making business

Media mogul and entrepreneur Bonang Matheba's star keeps on rising.  Queen B, as she is popularly known to her fans, launched two of her signature MCC beverages under her brand House of BNG, dubbing this particular feat as a special passion project for her. The private launch, which trended on social media from early Monday morning, introduced her journey into the champagne-making business, living up to the name "the champagne queen", that trended via her reality TV show Being Bonang. "This all started in 2017 for me.

Activity growth to remain under pressure as confidence wanes

JOHANNESBURG A gauge of South African builder confidence fell sharply in the first quarter of this year dragged down by weak demand.Data from the FNBBureau for Economic Research (BER) released yesterday showed that the sentiment declined by 7 points to reach an almost eightyear low of 25 during the period way below the 50point neutral mark for 15 consecutive quarters.The six subsectors that comprise the index saw varied sentiment in the quarter under review.The main contractor confidence index plummeted to 23 points from 32 points in the last quarter of 2018.Sentiment among manufacturers of building materials plunged 24 points to 19 points the biggest decline in four years while hardware recorded a 23 points decline.The subcontractor sector eased to 21 points from 39 points in the previous quarter.Only architects and quantity surveyors showed improved sentiment in the period.Siphamandla Mkhwanazi property economist at FNB said overall the building pipeline suggested that building activity growth would remain under pressure in the short to medium term.Building activity has been poor for a number of quarters and in a way it was difficult to see how it could deteriorate further to such an extent. However that is what transpired this quarter."A recovery if one were to only look at this survey is still some way off said Mkhwanazi.Financial results from listed hardware retailers have shown that trading in the hardware and building materials segment remains tough.Building materials retailer Cashbuild last month said its operating profits plunged 12 percent in the six months ended December and warned that weak trading conditions are set to continue mainly on the back of levels of personal indebtedness high unemployment and other unfavourable macroeconomic conditions.Massbuild the doityourself division of Massmart reported a measly 1.8 percent gain to R749.1 million in trading for the year ended December. However Spars Build It grew sales by 10.3 percent in the three months ended January.St

JSE likely to follow Asian markets slightly lower on Tuesday

Attention shifts to the US Federal Reserve's mid-week meeting The JSE is likely to follow Asian markets slightly lower on Tuesday, as attention shifts to the US Federal Reserve's mid-week meeting. Hong Kong's Hang Seng Index was 0.3% lower at the lunch break on Tuesday, with Tencent 0.5% down. That points to a softer opening for Naspers, which owns 31% of the Chinese technology giant. Tencent's strong recovery over the past six months, which has aided the JSE, is partly due to waning uncertainty, local money manager Vestact said in a note to clients. The group had "found a way to fit in" with the Chinese government's conservative views by imposing age limits on its games, among other measures. At the National People's Congress last week, Chinese legislators dropped language that would have invalidated the so-called "variable-interest entity" structures used by Chinese technology giants, including Tencent and Alibaba, to list their shares in Hong Kong and the US, Vestact said. Meanwhile, Japan's Nikkei 225 index was 0.1% lower on Tuesday, while the main Australian benchmark was flat. BHP Group, a JSE heavyweight, was 1.7% higher in that market. On the JSE, a handful of small-caps are due to report financial results on Tuesday, including Sasfin Holdings, Alaris Holdings and Hulamin. Sasfin said earlier in March its headline earnings per share in the six months ended December had increased by up to 61.7%. Hulamin said on Monday its headline earnings per share in the year ended December had declined by 4%.

Alexander Forbes appoints Bydawell chief financial officer

JOHANNESBURG, March 19 (ANA) - Financial services group Alexander Forbes Board said on Tuesday it had appointed Bruce Bydawell chief financial officer and a director of the company with effect from April 1. ANA NEWS WIRE Disclaimer: The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality. ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video.

Big incentive drives up Jabra Ladies Classic stakes

Nobuhle Dlamini and Lejan Lewthwaite will spearhead the field in the Sunshine Ladies Tour's Jabra Ladies Classic at Glendower Golf Club from 20-22 March 2019; credit Sunshine Ladies Tour. GOLF NEWS - Current Investec Property Fund Order of Merit leader Nobuhle Dlamini will be looking over her shoulder when the inaugural Jabra Ladies Classic tees off at Glendower Golf Club on Wednesday. Dlamini knows there is a target on her back after her lead was trimmed with a frustrating tie for 47th in the Investec South African Women's Open last weekend, but with two events to go, the big-hitting Swazi national is determined to cement her position at her home course ahead of the season-finale Joburg Ladies Open at Soweto Country Club next week.

Exxaro will weigh Moranbah South for value against potential M&A

By David McKay - March 18, 2019 Share on Facebook Tweet on Twitter EXXARO Resources will weigh its participation in the Moranbah South joint venture with Anglo American against other potential merger and acquisition opportunities it has in which it would "look seriously" at short term cash generating prospects. Asked to rate Moranbah South against Exxaro's possible bid for South32's South African Energy Coal (SAEC) unit, Exxaro CEO, Mxolisi Mgojo, said: "What I can say is that we are in conversations already with Anglo. "There's a team that is working with the Anglo team in Australia around Moranbah South so that will take its own course in terms of whatever capital is required," he said. "Does it present itself as an opportunity today?" "What we can say is that we will always be looking at that in relation to any other things within coal where it requires M&A and say: ‘what other things do we have that is our own first that we would rather put our money to'," he said. "At the end of the day, if I'm buying something, if it's not already on cash and it's making good money, it's actually doing something better than my own assets can do … Then you will seriously consider that," he said. SAEC produces about 28 million tonnes/year (Mt/y) and comes with rights to 21% of the 91Mt/y Richards Bay Coal Terminal (RBCT). Approximately half of its production is exported whilst the company also has some 4.5 billion tonnes of in-situ coal in undeveloped resources in South Africa. South32 said in February at its interim results announcement that it had short-listed four to six companies from an initial list of over 50 interested in bidding for SAEC.

Tuesday Morning Spice

Your Cheat Sheet On Steinhoff As Its Execs Head Back To Parly - When Steinhoff execs appeared before Parliament in 2018 to testify about the plunge in the group's share price, they told MPs there were many questions they could not yet answer. [ fin24 ] There Were Similarities In The Ethiopian Airlines And The Lion Air Crashes  - The Ethiopian Minister of Transport reiterated that point on Sunday, saying data recovered from the black boxes of the crash in Ethiopia showed similarities to the Air Lion crash. [ cnn ] Packham's Wife's Skull Shattered In Two Places, Expert Tells Court - "If it was an accident, it would not have caused such harm," said Dr Louise Friedling.

WATCH: Rand whipsaws lower against the dollar

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BHP GROUP PLC - Board appointments

BHP 201903190003A Board appointments BHP Group Plc Registration number 3196209 Registered in England and Wales Share code: BHP ISIN: GB00BH0P3Z91 NEWS RELEASE Release Time IMMEDIATE Date 19 March 2019 Release Number 07/19 BHP Board appointments BHP Chairman, Ken MacKenzie, today announced the appointment of Ian Cockerill and Susan Kilsby to the BHP Board as independent Non-executive Directors, effective 1 April 2019. Mr Cockerill has extensive mining experience, including in chief executive, operational, strategic and technical roles. He was formerly the Chief Executive Officer of Anglo Coal and Gold Fields Limited, and a senior executive with AngloGold Ashanti and Anglo American Group. Mr Cockerill has considerable public company board experience, including as a Non-executive Director of Orica Limited, Ivanhoe Mines Ltd and Endeavour Mining Corporation, and as Chairman of the board of Blackrock World Mining Trust plc. Ms Kilsby has extensive experience in finance and strategy, having held several roles in global investment banking.

Wiese says probe report supports claim

(Bloomberg) -- Former Steinhoff International Holdings NV Chairman Christo Wiese says the retailer's overview of a forensic probe into the company's accounting irregularities supports his 59 billion rand ($4.1 billion) claim against the company. A report by PwC that was published last week found that a small group of former managers and non-Steinhoff executives structured deals that substantially inflated profits and asset values, according to a summary the company released late Friday. Wiese, a South African billionaire and once Steinhoff's biggest shareholder, lodged his claim in April, looking to claw back investments he made before the share price crashed when the accounting scandal emerged in late 2017.

Overstated sham deals see share price claw back 7%

DURBAN Steinhoff International strengthened on the JSE on Monday after PwC showed that estimated fictitious transactions that crippled the group were overstated by nearly 50percent.The PwC summary report also revealed that the accounting scam that led to the writing off of more than $7.4billion (R107bn) in Steinhoffs market value 15 months ago did not permeate to its biggest subsidiary Pepkor.Steinhoff has a 71percent stake in Pepkor which has a market capitalisation of R65.45bn.Pepkor chief executive Leon Lourens said the report confirmed that the companys financials were above board. This again illustrates that the appropriate financial and corporate governance structures are in place within Pepkor he said. It also confirms the values and principles which we stand for and on which our business was built. Pepkor will continue to operate in this way and remains focused on creating value for our customers and other stakeholders.Steinhoff closed 7.07percent higher at R1.97 taking the retailer market capitalisation to R8.49bn.PwC said an estimated e6.5 billion (R106.54bn) worth of fictitious transactions took place between 2009 and 2017 inflating the groups profits and asset value. Jordan Weir a trader at Citadel said while the report did not shed much light on exactly what transpired at Steinhoff it gave investors an idea of the scale of the accounting issues hidden within Steinhoffs past. The overview also touches on how the breach of standard ethical practices was rife within the firm. Most concerning at this stage is the fact that there is a chance that PwC wont even disclose the full report comprising some 3 000 pages to the rightful shareholders Weir said. This on its own is ethically questionable and unfair to underlying shareholders. Yesterday Steinhoff exchairperson Christo Wiese said he was open to negotiations over his R59bn claim against the troubled retailer which he filed last year. Wiese has a stake of about 20 percent in Steinhoff which he bought in 2014 when he sold h

STEINHOFF INVESTMENT HOLDINGS LTD - Steinhoff Briefing To South African Parliament

SNH SHFF 201903190019A Steinhoff - Briefing To South African Parliament Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 STEINHOFF - Briefing to South African Parliament Steinhoff International Holdings N.V. (the ‘Company' and with its subsidiaries, the ‘Group') The Company has been invited to attend the South African Parliament today in order to present an update on progress made. The presentation is available on the company's website: http://steinhoffinternational.com/. Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group. JSE Sponsor: PSG Capital Stellenbosch, 19 March 2019 Date: 19/03/2019 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

Ottis claims the door to the Proteas' World Cup squad is still open

Proteas coach, Ottis Gibson during the South African national men's cricket team training session and press conference at PPC Newlands on March 18, 2019 in Cape Town, South Africa. (Photo by Ashley Vlotman/Gallo Images) It may be as likely as an alien from Mars landing on Earth, but Proteas coach Ottis Gibson said that a player who produces exceptional performances in the three-match T20 series against Sri Lanka that starts at Newlands today could still force his way into the World Cup squad. South Africa completed their ODI preparations with a 5-0 whitewash of the Sri Lankans at the same venue at the weekend, but it seems the World Cup squad that must be announced by April 30 is still not settled.

Queen B pops into bubbly business

Frenemies Bonang Matheba and Somizi Mhlongo have kissed and made up and it was for "champagne darling". The duo had cameras flashing yesterday at Waterfall Equestrian Estate as Queen B was announced as the first black woman to become a member of the Cap Classique Producers Association. The association was founded in 1992 by producers who share a passion for bottle-fermented sparkling wines and to promote Mzansi's premium Méthode Cap Classique (MCC) wines.

Business as usual - Murder-accused mayor will ‘still carry out official duties'

It will be business as usual for the KwaZulu-Natal mayor who was arrested on Sunday in connection with the murder of former ANC Youth League secretary general Sindiso Magaqa, the Harry Gwala District Municipality said on Monday… Spokesperson Ndabezitha Tenza said Mayor Mluleki Ndobe - who is third on the ANC's provincial list - is scheduled to visit various infrastructure projects in the next few weeks as part of the monitoring and evaluation strategy of the municipality. He would do this in his capacity as mayor, Tenza said. "He will be leading a delegation of political leadership and management of the municipality. All events and activities of the municipality will proceed as planned." Ndobe, who is still in police custody, is expected to appear in the Umzimkhulu Magistrate's Court on Tuesday. Tenza said that "as a law-abiding institution" the municipality would allow the law to take its course. "The principle of innocent until proven guilty prevails." "The principle of innocent until proven guilty prevails." He assured the community of Harry Gwala that the municipality would continue with its mandate of ensuring service delivery to all its citizens.

Steinhoff board back before Parliament

JOHANNESBURG - The Steinhoff Board is returning to Parliament, to face Scopa  and the Portfolio Committee on Finance on Tuesday. Some of its board members previously appeared before the committee, to give their account on South Africa's biggest corporate scandal . The global retailer made headlines in 2017 after allegations of fraud surfaced .

ITALTILE LIMITED - Dealings in Securities by a Director of a Major Subsidiary

ITE Dealings in Securities by a Director of a Major Subsidiary ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 (Italtile) DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Mr Lance Andrew Foxcroft Company: Ceramic Industries Proprietary Limited Class of securities: Italtile ordinary shares Nature of transaction: Sale of shares on market Extent of directors interest: Direct beneficial Date of transaction: 12 March 2019 Number of securities: 20 084 Volume weighted average price per security: R13.5033 Lowest selling price: R13.50 Highest selling price: R13.85 Value of transaction: R271 199.55 Date of transaction: 13 March 2019 Number of securities: 200 Volume weighted average price per security: R13.6425 Lowest selling price: R13.55 Highest selling price: R13.75 Value of transaction: R2 728.50 Date of transaction: 15 March 2019 Number of securities: 430 107 Volume weighted average price per security: R13.0352 Lowest selling price: R13.00 Highest selling price: R13.38 Value of transaction: R5 606 546.14 Johannesburg 18 March 2019 Sponsor Merchantec Capital Date: 18/03/2019 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

JSE likely to follow Asian markets slightly lower on Tuesday

Attention shifts to the US Federal Reserve's mid-week meeting The JSE is likely to follow Asian markets slightly lower on Tuesday, as attention shifts to the US Federal Reserve's mid-week meeting. Hong Kong's Hang Seng Index was 0.3% lower at the lunch break on Tuesday, with Tencent 0.5% down. That points to a softer opening for Naspers, which owns 31% of the Chinese technology giant. Tencent's strong recovery over the past six months, which has aided the JSE, is partly due to waning uncertainty, local money manager Vestact said in a note to clients. The group had "found a way to fit in" with the Chinese government's conservative views by imposing age limits on its games, among other measures. At the National People's Congress last week, Chinese legislators dropped language that would have invalidated the so-called "variable-interest entity" structures used by Chinese technology giants, including Tencent and Alibaba, to list their shares in Hong Kong and the US, Vestact said. Meanwhile, Japan's Nikkei 225 index was 0.1% lower on Tuesday, while the main Australian benchmark was flat. BHP Group, a JSE heavyweight, was 1.7% higher in that market. On the JSE, a handful of small-caps are due to report financial results on Tuesday, including Sasfin Holdings, Alaris Holdings and Hulamin. Sasfin said earlier in March its headline earnings per share in the six months ended December had increased by up to 61.7%. Hulamin said on Monday its headline earnings per share in the year ended December had declined by 4%.

Alexander Forbes names Bruce Bydawell as finance chief

The new CFO has been with the financial services group, which has lost eight top managers in recent months, for more than 16 years Alexander Forbes Group, which has lost eight top managers in recent months, said on Tuesday that Bruce Bydawell would take over as CFO in April. Bydawell, who at one point held the role of acting finance chief, has been with the financial services group for more than 16 years. He completed his articles with Deloitte in Johannesburg and then spent three years with Deloitte in the US. "He has also spent a number of years in corporates such as Presmed Healthcare and Deutsche Bank," Alexander Forbes said. Bloomberg reported in January that Thabo Mashaba, chief empowerment and transformation officer at Alexander Forbes, had resigned, taking the number of top managers that had left the group in recent months to eight. hedleyn@businesslive.co.za.

Distell National Playwright winner announced

The 2019 Distell National Playwright Competition winner is the award-winning poet and theatre practitioner, Koleka Putuma. ENTERTAINMENT NEWS - By joining forces, the National Arts Festival and Distell, and their various stakeholders made it their mission to celebrate rising storytellers. The Distell National Playwright Competition is an opportunity for debut playwrights to showcase their work at the main stage of the lauded National Arts Festival in Makhanda.

NETCARE LIMITED - Disposal of Netcare Rand and Netcare Bell Street Hospitals

NTC NTCP 201903190017A Disposal of Netcare Rand and Netcare Bell Street Hospitals NETCARE LIMITED (Registration number 1996/008242/06) JSE ordinary share code: NTC ISIN: ZAE000011953 JSE preference share code: NTCP ISIN: ZAE000081121 (‘Netcare') VOLUNTARY SENS DISPOSAL OF NETCARE RAND AND NETCARE BELL STREET HOSPITALS Netcare's acquisition of Akeso Clinics was approved by the Competition Tribunal in March 2018, subject to certain conditions including Netcare's disposal of the Netcare Rand Hospital (‘Rand') and the Netcare Bell Street Hospital (‘Bell'). The assets of Rand and Bell were classified as ‘held-for-sale' in Netcare's 2018 audited financial statements. Netcare is pleased to announce that on 15 March 2019 it entered into agreements, through Netcare subsidiaries, with RH Bophelo Limited and RH Managers Proprietary Limited, through their respective subsidiaries to dispose of the Rand and Bell assets and properties for a combined cash consideration of R124 million. The agreements remain subject to the fulfilment of conditions precedent including but not limited to the approval of the Department of Health, Gauteng Province, which approval is anticipated to be received in due course. In accordance with the agreements and accounting standards, Netcare will only recognise the capital profit arising on disposal of Rand and Bell in its accounts upon formal closing of the transaction following satisfaction of the conditions precedent. Johannesburg 19 March 2019 Sponsor Nedbank Corporate and Investment Banking Date: 19/03/2019 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss

Markets LIVE: Stocks drift ahead of Fed; dollar steadies

We're currently experiencing serious technical problems on the site, and as a result are unable to update the news - even though our market data is running as per normal. We sincerely apologise for any inconvenience caused and hope to be up and running again this evening. Thank you for your patience in this regard.

Business as usual - Murder-accused mayor will ‘still carry out official duties'

It will be business as usual for the KwaZulu-Natal mayor who was arrested on Sunday in connection with the murder of former ANC Youth League secretary general Sindiso Magaqa, the Harry Gwala District Municipality said on Monday… Spokesperson Ndabezitha Tenza said Mayor Mluleki Ndobe - who is third on the ANC's provincial list - is scheduled to visit various infrastructure projects in the next few weeks as part of the monitoring and evaluation strategy of the municipality. He would do this in his capacity as mayor, Tenza said. "He will be leading a delegation of political leadership and management of the municipality.

Exxaro will weigh Moranbah South for value against potential M&A

By David McKay - March 18, 2019 Share on Facebook Tweet on Twitter EXXARO Resources will weigh its participation in the Moranbah South joint venture with Anglo American against other potential merger and acquisition opportunities it has in which it would "look seriously" at short term cash generating prospects. Asked to rate Moranbah South against Exxaro's possible bid for South32's South African Energy Coal (SAEC) unit, Exxaro CEO, Mxolisi Mgojo, said: "What I can say is that we are in conversations already with Anglo. "There's a team that is working with the Anglo team in Australia around Moranbah South so that will take its own course in terms of whatever capital is required," he said. "Does it present itself as an opportunity today?" "What we can say is that we will always be looking at that in relation to any other things within coal where it requires M&A and say: ‘what other things do we have that is our own first that we would rather put our money to'," he said. "At the end of the day, if I'm buying something, if it's not already on cash and it's making good money, it's actually doing something better than my own assets can do … Then you will seriously consider that," he said. SAEC produces about 28 million tonnes/year (Mt/y) and comes with rights to 21% of the 91Mt/y Richards Bay Coal Terminal (RBCT). Approximately half of its production is exported whilst the company also has some 4.5 billion tonnes of in-situ coal in undeveloped resources in South Africa. South32 said in February at its interim results announcement that it had short-listed four to six companies from an initial list of over 50 interested in bidding for SAEC.

ALEXANDER FORBES GROUP HOLDINGS LIMITED - Appointment of chief financial officer: Mr BP Bydawell

AFH 201903190005A Appointment of chief financial officer: Mr BP Bydawell Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2006/025226/06) ISIN: ZAE000191516 Share Code: AFH (‘the Company' or ‘Alexander Forbes') APPOINTMENT OF CHIEF FINANCIAL OFFICER: MR BP BYDAWELL The Alexander Forbes Board is pleased to announce, in compliance with paragraph 3.59 of the JSE Limited Listings Requirements, that Mr BP (Bruce) Bydawell has been appointed as Chief Financial Officer (CFO) and a director of the Company with effect from 1 April 2019. Mr Bydawell, a CA(SA) and CFA, has over 25 years' experience in finance, audit, accounting, taxation, financial reporting, debt structuring and corporate finance, of which more than 16 years has been with the Company. Mr Bydawell completed his articles with Deloitte (South Africa) in Johannesburg and subsequently spent three years with Deloitte (United States) in numerous audit roles. He has also spent a number of years in corporates such as Presmed Healthcare and Deutsche Bank. The Board welcomes Bruce in his new role and looks forward to his continued contribution to Alexander Forbes. Carina Wessels Group General Counsel and Company Secretary 19 March 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/03/2019 08:00:00 Produced by the JSE SENS Department.

Parly to be briefed on status of probe into Steinhoff scandal

An internal PricewaterhouseCoopers report has been released on the company's transgressions and various parliamentary committees are keen to talk to Steinhoff about this. | JOHANNESBURG - Parliament is set to be briefed on Tuesday morning on whether progress is being made in the investigation into the Steinhoff scandal. An internal PricewaterhouseCoopers report has been released on the company's transgressions and various parliamentary committees are keen to talk to Steinhoff about this.

Big incentive drives up Jabra Ladies Classic stakes

Nobuhle Dlamini and Lejan Lewthwaite will spearhead the field in the Sunshine Ladies Tour's Jabra Ladies Classic at Glendower Golf Club from 20-22 March 2019; credit Sunshine Ladies Tour. GOLF NEWS - Current Investec Property Fund Order of Merit leader Nobuhle Dlamini will be looking over her shoulder when the inaugural Jabra Ladies Classic tees off at Glendower Golf Club on Wednesday. Dlamini knows there is a target on her back after her lead was trimmed with a frustrating tie for 47th in the Investec South African Women's Open last weekend, but with two events to go, the big-hitting Swazi national is determined to cement her position at her home course ahead of the season-finale Joburg Ladies Open at Soweto Country Club next week.

FSS Makes Strategic Investment in Africa-based Ecentric Payment Systems

FSS (Financial Software and Systems), a global PayTech company, has announced a strategic investment in Ecentric Payment Systems, a Standard Bank subsidiary and a leading payment processor in South Africa. FSS has acquired a 46% stake in Ecentric through a combination of primary and secondary investments, with a potential to further its stake holding. FSS, with three decades of experience, has a comprehensive and integrated payments portfolio.

WATCH: Rand whipsaws lower against the dollar

File image: IOL To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - The rand whipsawed lower yesterday amid ongoing power outages across the country according to NKC Research.  Meanwhile, broad-based greenback weakness in anticipation of a market-supportive Fed lifted high yielding and commodity-linked currencies. With the spotlight this week on the FOMC meeting, we expect some guidance pointing towards a rate increase in Q3 2019. At the close of local trade, the rand quoted 0.1 percent weaker at R14.43/$, after trading in range of R14.36/$ - R14.48/$.

AMCU dealt double blow as fails to block Sibanye-Stillwater restructuring

By David McKay - March 18, 2019 Share on Facebook Tweet on Twitter SIBANYE-Stillwater was given the all-clear to continue with the proposed restructuring of its Driefontein and Beatrix gold mines in which up to 6,700 workers could be affected. The company said in a statement today the Labour Court had dismissed an interdict attempting to halt the restructure by the Association of Mineworkers & Construction Union (AMCU). The court decision is the latest blow suffered by the union. AMCU last week learned that it would not be allowed to proceed with a secondary strike at a number of mines in the country intended to put pressure on Sibanye-Stillwater to accede to its gold industry wage demands. The interdict of the restructuring was brought by AMCU on March 6 following an announcement on February 14. Neal Froneman, CEO of Sibanye-Stillwater, said he hoped AMCU would now join the restructuring talks. "Attempts to jointly devise viable alternative measures have … been unsuccessful so far," he said in a statement. "The S189 process [Section 189 of the Labour Relations Act which allows for a 60-day consultation period ahead of restructurings] commenced on February 14 and we urge AMCU and other stakeholders to participate in this process, so that we can jointly find ways to mitigate possible job losses at the operations," he said. Some 5,870 employees and 800 contractors could possibly be directly impacted as a result of the restructuring.

Steinhoff: Crikey, PwC, was this the best you could do?

Fourteen months and 100 auditors later, all we have is a 10-page sanitised overview of the Steinhoff saga Reading Time: 1 Minutes Article Number: 19 / 26 Ann Crotty This article is reserved for Times Select subscribers. A subscription gives you full digital access to all Times Select content..

LIVE BLOG: Steinhoff execs, Hawks to appear before Parliament

Executives from Steinhoff, together with the Hawks, the National Prosecuting Authority, the JSE and other regulatory bodies will on Tuesday morning appear before a joint sitting of three Parliamentary committees. On Friday Steinhoff made public an 11-page overview of a 3 000-page forensic report into Steinhoff. The report, by PwC, found that a "small group" of former executives inflated the profit and asset values of the Steinhoff group for years.

Tencent is said to target 10% of managers for job cuts, demotion

Tencent is putting about 10% of its managers on notice, as China's largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, according to people familiar with the matter. President Martin Lau told an internal meeting late last year that its lowest-performing general managers will need to leave the company or be demoted, mainly because not much staff-pruning has occurred in the past, the people said, asking not to be identified talking about a private matter. Jane Yip, a spokeswoman for the company, didn't respond to a request for comment.

HAMMERSON PLC - Annual Report and Notice of Annual General Meeting

HMN 201903190046A Annual Report and Notice of Annual General Meeting Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 (‘Hammerson' or ‘the Company') Annual Report and Notice of Annual General Meeting 19 March 2019 The Company announces that the following documents have today been posted or otherwise made available to shareholders: - Annual Report and Financial Statements for the year ended 31 December 2018; - Notice of 2019 Annual General Meeting; and - Form of Proxy (South Africa). The above documents have been uploaded to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/UK/NSM. The 2018 Annual Report and Notice of 2019 Annual General Meeting are also available on the Company's website at www.hammerson.com. The announcement released on 25 February 2019 by the Company regarding the audited results for the year ended 31 December 2018 includes the information required by DTR 6.3.5 to be communicated to the media in full unedited text through a Regulated Information Service. The Company's Annual General Meeting will be held at 11.00 am on Tuesday, 30 April 2019 at Kings Place, 90 York Way, London N1 9GE. Sarah Booth General Counsel and Company Secretary +44 (0) 20 7887 1000 Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on the Johannesburg Stock Exchange. Sponsor: Investec Bank Limited Date: 19/03/2019 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arisi

Rethinking the African business opportunity

Lagos, Nigeria This  article  was originally published by McKinsey. Hopes are high for Africa's long-term growth, driven by technology and basic services rather than resources. Survey respondents in Africa report more optimism - and better business practices - than peers elsewhere.

28/03/2019: AVA Gallery: Pop up exhibition by PPC Imaginarium

EMERGING TALENT POPS UP AT THE AVA GALLERY Interested in seeing the Western Cape's newest artistic and design talent? Then head to the Association for Visual Arts (AVA) Gallery in Cape Town from 28 - 29 March 2019 where work by entrants into South Africa's most supportive awards programme for emerging creatives, the PPC Imaginarium Awards, will be on display. Members of the public are encouraged to visit the AVA Gallery to view a selection of art and design projects entered in the fashion, sculpture, jewellery and industrial design categories of the competition. The AVA Gallery, which seeks to advance art and design in a variety of disciplines, provides the ideal platform to showcase these entries.

YEBOYETHU (RF) LIMITED - Appointment of director

Wrap Text Appointment of director YeboYethu (RF) Limited (Incorporated in the Republic of South Africa) (Registration number: 2008/014734/06) Share code: YYLBEE ISIN: ZAE000218483 ("YeboYethu" or the "company") APPOINTMENT OF DIRECTOR In accordance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that Ms Alethea (Lea) Conrad has been appointed as an independent director to the Board and member of the Audit Committee with effect from Monday 18 March 2019. Lea is the Managing Director at Conrad Advisory. Lea previously served as an executive director for nine years on the board of Oceana Group Limited and held multiple positions during her 16 year tenure with the group, including Group Strategic Services Director, Managing Director of a Fishing Division, Head of Property, Group Transformation Manager, Commercial Director and Commercial Manager. Prior to joining Oceana, Lea held legal advisory and strategy positions at Transnet Limited. She qualified and practised as an attorney in Gauteng, becoming the firm's first black director in 1992. Ms Zarina Bassa, Chairman of YeboYethu, welcomed the appointment to the Board and looked forward to Lea's contribution. Midrand Sponsor: UBS South Africa (Pty) Limited 19 March 2019 Date: 19/03/2019 10:00:00 Produced by the JSE SENS Department.

Parliament says Steinhoff must name executives who 'inflated profits'

CAPE TOWN - Parliament has ordered scandal hit retail giant Steinhoff to name the executives accused of inflating  profits  and asset values. The company is once again facing the fallout from its accounting scandal. A report by auditing firm PWC names several executives, including former CEO Markus Jooste but those names were not revealed to the public.

Exxaro delivers robust annual results 2018 and sustainable growth

Exxaro Resources Limited (Exxaro) - the black empowered diversified resources group - capitalised on favourable conditions in the domestic and international coal markets for the year ending December 2018 (‘the year'), with continued delivery against strategic objectives resulting in record coal production, sales and exports. The group realised significant milestones in its key focus areas of operational excellence, portfolio optimisation and sustainability, namely: becoming the global industry benchmark in safety and broader ESG issues, digitisation advancements at its major coal mines for improved efficiencies, disciplined capital allocation, ongoing expansion and sustaining activity and significantly improved diversity on its board. A final cash dividend of 555 cents per share was declared, total dividend per share of 1 085 cents which is 55% higher year-on-year.  Exxaro's robust financial performance is reflected in the 12% growth in revenue to R25.5 billion, off which the group generated EBITDA of R7.0 billion, R4.5 billion up on the R2.5 million for 2017.  CEO Mxolisi Mgojo explains that earnings growth was boosted by once-off costs in the prior year, for instance the absence of the BEE transaction costs which were fully expensed in 2017, but points out that "even at an adjusted level, core EBITDA grew to R7.3 billion from R7.2 billion." Similarly headline earnings per share (HEPS) rose to R26.72 a share from 502 cents for 2017, while adjusted core HEPS still showed [7]% growth to R21.

Can Rampahosa channel his inner Thatcher?

In 1987, an anti-apartheid firebrand named Cyril Ramaphosa led South Africa's biggest-ever mining strike. Some 300,000 miners—from a union Ramaphosa himself had founded—walked off the job, protesting pay and working conditions. The mining company "used fascist methods to destroy workers' lives," Ramaphosa declared.

Procurement's role in protecting institutions from State capture a focus of…

Smart Procurement World The 6 th Annual Western Cape Smart Procurement World conference will address a number of thorny issues around procurement. Perhaps the most controversial of these is recovering from state capture. The conference will deal with ways that procurement professionals can drive a constitutional mandate and operate with freedom from external influences.

Overstated sham deals see share price claw back 7%

Steinhoff firmed on the JSE after PwC showed that estimated fictitious transactions that crippled the group were overstated by nearly 50?percent. Photo: Bloomberg DURBAN - Steinhoff International strengthened on the JSE on Monday after PwC showed that estimated fictitious transactions that crippled the group were overstated by nearly 50?percent. The PwC summary report also revealed that the accounting scam that led to the writing off of more than $7.4?billion (R107bn) in Steinhoff's market value 15 months ago did not permeate to its biggest subsidiary, Pepkor.

Activity growth to remain under pressure as confidence wanes

Photo: Jason Reed Reuters African News Agency (ANA) JOHANNESBURG - A gauge of South African builder confidence fell sharply in the first quarter of this year, dragged down by weak demand. Data from the FNB/Bureau for Economic Research (BER) released yesterday showed that the sentiment declined by 7 points to reach an almost eight-year low of 25 during the period, way below the 50-point neutral mark for 15 consecutive quarters. The six sub-sectors that comprise the index saw varied sentiment in the quarter under review.

7 things you need to know today

CAPE TOWN Good morning. This is all the latest business news that you need to know today.1. GAME CHANGER: Sun International turns corner with higher revenue lower debtSun International impaired R306 million of the value in its flagship Sun City hotel in North West in the year ended December as the group turned the corner with higher revenue and lower debt.2.

‘Load shedding killing small business'

"Eskom needs to sort itself out or find a way to compensate us for losing business and suffering financially." The South African Informal Traders Association lashed out at Eskom for the frequent load shedding, saying it has a negative impact on their livelihood. Picture: Courtney Africa/African News Agency(ANA) WHILE small businesses in the city have been left reeling following Eskom's Stage 4 load shedding, which was implemented for the third consecutive day yesterday, residents have been reassured that the effect of load shedding on the city's water supply is minimal. Stage 4 load shedding allows for up to 4 000MW to be shed from the national grid.

CURRO HOLDINGS LIMITED - Changes To Board And To Audit And Risk Committee

COH 201903190041A Changes To Board And To Audit And Risk Committee Curro Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/025801/06) JSE Share Code: COH ISIN: ZAE000156253 (‘Curro' or ‘the Company') CHANGES TO BOARD AND TO AUDIT AND RISK COMMITTEE In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company (‘the Board') wishes to advise that: 1. Barend Petersen (‘Barend'), an independent non-executive director, has notified the Board that he does not intend standing for re-election at the forthcoming annual general meeting of shareholders and has resigned in his capacity as director with effect from 01 May 2019. 2. Tsholofelo Molefe (‘Tsholo') has accepted an invitation to join the Board and will be appointed as an independent non-executive director with effect from 01 May 2019. 3.

2019 Black Business Quarterly (BBQ) Awards: Winners announced

The 2019 Black Business Quarterly (BBQ) Awards was held at Emperor's Palace on Friday, 15 March 2019 and honoured the best of the best in black business. Jeff Radebe, minister of the department of energy, celebrated 25 years of South Africa's democracy in his opening keynote address and emphasised the importance of transformation. Transformation is well recognised as a change management strategy, which aligns people, which aligns processes and technology initiatives, irrespective of the industry you come from, in order to survive and evolve in this business environment.

Steinhoff's ex-CEO among eight named for questionable deals

The revelations come after a probe into Steinhoff uncovered $7.4bn of irregular transactions with eight firms from 2009 and 2017. Steinhoff International identified eight people, including former Chief Executive Officer Markus Jooste, as those allegedly behind questionable transactions that brought the global retailer to near-collapse. The company's executives were compelled by a South African parliamentary committee to release the names even as Chairwoman Heather Sonn and CEO Louis du Preez warned it could jeopardize investigations and break European privacy laws. The revelations come after a forensic probe by PwC uncovered 6.5 billion euros ($7.4 billion) of irregular transactions with eight firms from 2009 and 2017, according to a summarized report released Friday. "We want the emphasis to be on prosecutions," Sonn told lawmakers in Cape Town on Tuesday.

MPs want Markus Jooste associates behind bars over Steinhoff scandal

Parliament Members of Parliament have demanded more answers on the collapse of Steinhoff with members of various committees saying they want Markus Jooste and his associates arrested and prosecuted for the corporate scandal.MPs told the retail giant and law enforcement agencies on Tuesday they were taking too long to get Jooste and his former colleagues prosecuted.The Steinhoff board was appearing before Parliament to give an update on progress made since the last meeting with the joint committees of Parliament a few months ago.But MPs said they feel nothing was being done to have Jooste behind bars.Steinhoff lost billions of rands in one of the biggest corporate scandals in the country when it lost 95% of its value in December 2017.MPs said despite the billions in losses Jooste was still walking the streets freely.Nthabiseng Khunou of the ANC said it appeared the law enforcement agencies were dragging their feet.She said some of the people who were involved in the fraudulent activities were still part of Steinhoff.Alf Lees of the DA also called for the immediate prosecution of those involved in the Steinhoff scandal.He said it has been more than 15 months since the events happened but nothing has happened to date.Politics Hub.

Jooste named in PwC's Steinhoff report

Steinhoff executives have been forced to reveal the names of the individuals implicated in a report by audit firm PriceWaterHouseCoopers on the alleged fraud and corruption that led to the collapse of the company's share price more than a year ago. Former CEO Markus Jooste's name is on the list, alongside former chief financial officer Ben la Grange and former executives Dirk Schreiber and Stehan Grobler. The company's chair Heather Sonn and CEO Louis du Preez briefed MPs in a joint sitting of three Parliamentary committees on Tuesday on developments within the group and PwC forensic report, which was released on Friday.

MPs want Markus Jooste, associates behind bars over Steinhoff scandal

Former Steinhoff chief executive, Markus Jooste. Photo: Armand Hough/African News Agency (ANA) Parliament - Members of Parliament have demanded more answers on the collapse of Steinhoff with members of various committees saying they want Markus Jooste and his associates arrested and prosecuted for the corporate scandal. MPs told the retail giant and law enforcement agencies on Tuesday they were taking too long to get Jooste and his former colleagues prosecuted.

ASHBURTON MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Rebalancing of the Ashburton Top 40 ETF - ASHT40

ASHT40 201903190037A Rebalancing of the Ashburton Top 40 ETF - ASHT40 Ashburton Top 40 ETF A portfolio in the Ashburton Collective Investment Scheme (‘the portfolio') registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 Share Code: ASHT40 ISIN: ZAE000215364 (‘ASHTOP40') REBALANCING OF THE ASHBURTON TOP 40 ETF Notice is hereby given that the quarterly review of the FTSE/JSE Top 40 Index has resulted in a rebalancing of the Ashburton Top 40 ETF. There have been changes to the Ashburton Top 40 ETF constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Share Code Share Previous Weight New Weight ABG ABSA GROUP LTD 1.91% 2.04% AGL ANGLO AMERICAN PLC 6.17% 6.18% AMS ANGLO AMERICAN PLATINUM 0.00% 0.76% ANG ANGLOGOLD ASHANTI 1.29% 1.30% APN ASPEN PHARMACARE HLD 0.63% 0.63% BHP BHP GROUP PLC 11.54% 11.23% BID BID CORPORATION LIMITED 1.59% 1.62% BTI BRIT AMERICA TOBACO 2.44% 2.45% BVT BIDVEST GROUP LTD 1.12% 1.13% CFR COM FINANCE RICHMONT SA 8.84% 8.81% CLS CLICKS GROUP LTD 0.72% 0.76% CPI CAPITEC BANK HOLDING 1.12% 1.10% DSY DISCOVERY LTD 0.81% 0.84% FSR FIRSTRAND LTD 3.33% 3.35% GFI GOLD FIELDS LIMITED 0.00% 0.73% GRT GROWTHPOINT PROPS LTD 1.18% 1.20% INL INVESTEC LIMITED 0.46% 0.44% INP INVESTEC PLC 0.99% 0.95% MCG MULTICHOICE GROUP LTD 0.85% 0.76% MND MONDI LIMITED 0.66% 0.66% MNP MONDI PLC 2.05% 2.02% MRP MR PRICE GROUP LTD 0.80% 0.88% MTN MTN GROUP LIMITED 2.83% 2.71% NED NEDBANK GROUP LTD 1.71% 1.76% NPN NASPERS LTD-N SHS 22.41% 21.94% NRP NEPI ROCKCASTLE PLC 0.70% 0.70% NTC NETCARE LIMITED 0.61% 0.62% OMU OLD MUTUAL LTD 1.73% 1.76% PSG PSG GROUP LIMITED 0.67% 0.67% RDF REDEFINE PROP LTD 0.86% 0.94% REM REMGRO LIMITED 1.70% 1.75% RMH RMB HOLDINGS LIMITED 0.95% 0.98% SAP SAPPI LIMITED 0.66% 0.67% SBK STANDARD BANK GROUP LTD 3.97% 3.96% SHP SHOPRITE HLDS LTD 1.32% 1.40% SLM SANLAM LIMITED 2.13% 2.31% SOL SASOL LTD 4.07% 3.94% SPP SPAR GROUP 0.63% 0.65% TBS TIGER BRANDS LIMITED 0.76%

Newsdeck: South Africa Police Probe Into Steinhoff Fraud at Advanced Stage

The emergence of new details into the probe against the global retailer has resulted in the scope of the investigation being expanded, the presentation showed. The unit forms part of an elite police division focused on priority crimes, known as the Hawks. The composition of the investigating team has been enhanced and will also look into a report released on Friday by Steinhoff following a forensic probe by PwC, the crime unit said.

Eight people, including ex-CEO responsible for Steinhoff fraud

The executives being named were involved in a 6.5bn euro accounting fraud. Eight people, including Steinhoff former chief executive Markus Jooste, were involved in a 6.5 billion euro accounting fraud at the South African retailer, the company CEO Louis du Preez told lawmakers on Tuesday. Jooste, who resigned hours before the company disclosed the hole its accounts in December 2017, has previously denied any wrongdoing. Read.

JSE edges towards 57,000 points due to miners

Rising commodity prices provided support for the JSE on Tuesday morning, despite a lack of appetite for risk assets as uncertainty around Brexit escalated. A third vote on UK Prime Minister Theresa May's Brexit agreement is not expected to take place this week, leaving May with the task of requesting more time from the EU later in the week. Uncertainty over Brexit, along with the forthcoming US Federal Reserve monetary policy announcement on Wednesday, were providing sufficient reasons for traders to be cautious.

Accounting institute to investigate Jooste, La Grange in multi-billion rand Steinhoff saga

PORT ELIZABETH, March 19 (ANA) - The South African Institute of Chartered Accountants (SAICA) on Tuesday, said that it would investigate two of its members implicated in 'alleged improper conduct' related to the Steinhoff accounting fraud saga. ANA NEWS WIRE Disclaimer: The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality. ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video.

Accounting institute to investigate Steinhoff's Jooste, La Grange

The South African Institute of Chartered Accountants (Saica) on Tuesday said that it would investigate two of its members implicated in "alleged improper conduct'"related to the Steinhoff accounting fraud saga. In heated discussions on the matter among various parliamentary committees on Tuesday, eight individuals were implicated in the massive fraud after the company declined last week to mention the names of those implicated. In a statement Saica said that two of its members, Markus Jooste and Andries Benjamin (Ben) la Grange, were among those mentioned during the parliamentary session and that as such, they fall under the institute's jurisdiction.

NTVUganda has added How to harness business networks video

How to harness business networks How important are connections and networks in business? According to experts, they can help have low publicity and advertising spend especially for smaller businesses and even aid expansion. A group of businesses that strongly subscribe to networks gave birth to the Buisness Networks International that actually goes across borders. #NTVNews Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page https://ift.tt/1bbEIWm.

Sport24.co.za | Proteas wobble but win epic Super Over thriller at Newlands

Proteas Proteas wobble but win epic Super Over thriller at Newlands 2019-03-19 21:57 share this David Miller (Getty Images) Cape Town - The Proteas maintained their white-ball dominance over Sri Lanka but it took a super over to get them there in the first of three T20 International matches at PPC Newlands on Tuesday evening. SCORECARD: Proteas v Sri Lanka, 1st T20I The Proteas had looked to be coasting to victory in the match proper when they needed 18 runs for victory in the final four overs with seven wickets in hand, David Miller and Rassie van der Dussen having just shared a 50 partnership off 33 balls. This included Miller's career best 41 (23 balls, 5 fours and a six), beating his previous best of 40 against these opponents.

Xerox says exploring potential deal for financing business

Xerox Corp it was exploring the possibility of a "strategic transaction" for its customer financing business. Photo: File INTERNATIONAL - Xerox said on Monday it was exploring the possibility of a "strategic transaction" for its customer financing business, which accounts for more than 65 percent of its overall debt. The printer maker said its plan to simplify its operations would lead to gross savings of at least $640 million in 2019 and $1.5 billion by 2021.

Calgro M3 rental business hits a wall

Housing builder to dissolve joint venture with property company as it cannot guarantee it will meet its income targets.

EU mergers and takeovers (March 19)

BRUSSELS, March 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — Carlyle U.S. Equity Opportunity Fund and TA Associates LP to acquire joint control over WU Holdco Inc. (approved March 18) NEW LISTINGS — French fashion company LVMH to acquire sole control over British hotel and travel operator Belmond Ltd (notified March 15/deadline April 24/simplified) EXTENSIONS AND OTHER CHANGES None FIRST-STAGE REVIEWS BY DEADLINE MARCH 20 — U.S.

Hulamin reviews extrusions business, rolled products reaches record volumes

JSE-listed aluminium supplier and exporter Hulamin's rolled products division reported a "superb" manufacturing performance for the year ended December 31, 2018, increasing its sales by 6% to 228 000 t. This third consecutive year of record sales volumes from rolled products helped to offset the poorer performance of the company's extrusions division. This contributed to Hulamin posting headline earnings per share (HEPS) of 91c. While lower than the HEPS of 95c reported for 2017, HEPS for 2018 would have been lower if not for the rolled products division's good performance. Hulamin declared an 18c a share dividend for the period, compared with the 15c a share dividend in 2017.

ALEXANDER FORBES GROUP HOLDINGS LIMITED - Appointment of chief financial officer: Mr BP Bydawell

Wrap Text Appointment of chief financial officer: Mr BP Bydawell Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2006/025226/06) ISIN: ZAE000191516 Share Code: AFH ("the Company" or "Alexander Forbes") APPOINTMENT OF CHIEF FINANCIAL OFFICER: MR BP BYDAWELL The Alexander Forbes Board is pleased to announce, in compliance with paragraph 3.59 of the JSE Limited Listings Requirements, that Mr BP (Bruce) Bydawell has been appointed as Chief Financial Officer (CFO) and a director of the Company with effect from 1 April 2019. Mr Bydawell, a CA(SA) and CFA, has over 25 years' experience in finance, audit, accounting, taxation, financial reporting, debt structuring and corporate finance, of which more than 16 years has been with the Company. Mr Bydawell completed his articles with Deloitte (South Africa) in Johannesburg and subsequently spent three years with Deloitte (United States) in numerous audit roles. He has also spent a number of years in corporates such as Presmed Healthcare and Deutsche Bank. The Board welcomes Bruce in his new role and looks forward to his continued contribution to Alexander Forbes. Carina Wessels Group General Counsel and Company Secretary 19 March 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/03/2019 08:00:00 Produced by the JSE SENS Department.

Confidentiality key to ensuring prosecution is not jeopardised, says Steinhoff's Sonn

Sonn and Steinhoff CEO Louis du Preez addressed a meeting of four parliamentary committees to update them on developments within the group and on the PwC forensic report Steinhoff had to take care about maintaining confidentiality about those responsible for irregular transactions so as not to jeopardise future litigation, the company's chair, Heather Sonn, said in Parliament on Tuesday. Sonn and Steinhoff CEO Louis du Preez addressed a joint meeting of four parliamentary committees — finance, public accounts, trade and industry and public service and administration — to update them on developments within the group and on the PwC forensic report, which was released Friday. The report indicated that income and asset values had been overstated by about €6.5bn euros by means of fictitious and irregular transactions over an extended period of time. The PwC report released to the public did not name the culpable individuals and Sonn said the concern about disclosure was to prevent long-term consequences for a successful prosecution.

EMERGING MARKETS-Emerging market stocks rise, FX firms ahead of Fed meet

* MSCI's EM stocks index hits 6-1/2 month peak * Hopes of dovish Fed outlook on Wednesday aid sentiment * Russian rouble, stocks supported by firmer oil prices By Aaron Saldanha March 19 (Reuters) - Emerging market stocks hit a six and a half month peak on Tuesday and developing world currencies firmed against a soft dollar on expectations the U.S. Federal Reserve will strike a dovish stance at its meeting this week. The two-day meeting starts later on Tuesday.

Remgro flags business risks posed by Eskom power outages

The investment firm also says political instability ahead of the elections is a threat in 2019 Remgro, the Stellenbosch-based investment company controlled by businessman Johann Rupert, has cited power shortages, political instability in the run-up to the national elections, and low business confidence among its biggest risks. The company, established in the 1940s by Anton Rupert, is one of several firms bracing for tough trading conditions in 2019 amid sluggish economic growth that has hit several sectors as well as consumers. Remgro has investments in banking, health care, consumer products, insurance, industrial, infrastructure and media sectors. "Political instability, especially in the lead-up to the national election on May 8 2019, can be expected. The financial crisis faced by state-owned companies, like Eskom, is of great concern to all of Remgro's investments," Remgro CEO Jannie Durand said on Tuesday.

NETCARE LIMITED - Disposal of Netcare Rand and Netcare Bell Street Hospitals

Wrap Text Disposal of Netcare Rand and Netcare Bell Street Hospitals NETCARE LIMITED (Registration number 1996/008242/06) JSE ordinary share code: NTC ISIN: ZAE000011953 JSE preference share code: NTCP ISIN: ZAE000081121 ("Netcare") VOLUNTARY SENS DISPOSAL OF NETCARE RAND AND NETCARE BELL STREET HOSPITALS Netcare's acquisition of Akeso Clinics was approved by the Competition Tribunal in March 2018, subject to certain conditions including Netcare's disposal of the Netcare Rand Hospital ("Rand") and the Netcare Bell Street Hospital ("Bell"). The assets of Rand and Bell were classified as ‘held-for-sale' in Netcare's 2018 audited financial statements. Netcare is pleased to announce that on 15 March 2019 it entered into agreements, through Netcare subsidiaries, with RH Bophelo Limited and RH Managers Proprietary Limited, through their respective subsidiaries to dispose of the Rand and Bell assets and properties for a combined cash consideration of R124 million. The agreements remain subject to the fulfilment of conditions precedent including but not limited to the approval of the Department of Health, Gauteng Province, which approval is anticipated to be received in due course. In accordance with the agreements and accounting standards, Netcare will only recognise the capital profit arising on disposal of Rand and Bell in its accounts upon formal closing of the transaction following satisfaction of the conditions precedent. Johannesburg 19 March 2019 Sponsor Nedbank Corporate and Investment Banking Date: 19/03/2019 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS.

Pernod Ricard eyes margin improvement in EMEA-LATAM business

PARIS, March 19 (Reuters) - Drinks group Pernod Ricard , which is being targeted by activist investor Elliott, said its business in Europe, the Middle East, Africa and Latin America (EMEA/LATAM) was well positioned for "solid top line growth and margin improvement". The region, which makes 29 percent of group sales, achieved first half 2019 sales growth of 3 percent driven by demand in emerging markets and in spite of signs of weakness in western Europe, Pernod said in slides presented on Tuesday ahead of a conference call on the region. The group said it had a "clear strategic roadmap" for the region that entailed driving revenue through innovations and prestige brands, while margins should benefit from measures to cut costs, better advertising and promotion expenses allocation, as well as ongoing organisational changes.

LIVE: 3 000 Eskom employees are doing business with the power utility - Pravin Gordhan

Public Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on electricity supply problems. 11:04 Share Icon No end in sight to load shedding -    Shortage of around 10 000 MW daily.-    Will have clarity on exact interventions and timeframe in two weeks.-    Eskom/task team/government hoped to have stabilised grid by end of January, but new challenges emerged.-    Main issue is lack of maintenance at power stations, not done properly for last decade, now breaking down.-    Between Feb 2017 and Feb 2018 system tripped  300 times, between Feb 2018 and Feb 2019 it tripped 495 times.-    Four options: (1) import electricity (2) burn diesel (spent R4,5 bn the last four months to keep turbines going) (3) build new power stations and (4) load shedding.-    Problems structural, financial, operational.-    Internal resistance against reform and restructuring process, state capture elements still prevalent. No end in sight to load shedding -    Shortage of around 10 000 MW daily.

Police to probe Steinhoff fraud at advanced stage

The emergence of new details into the probe against Steinhoff has resulted in the scope of the investigation being expanded. An investigation into an alleged fraudulent transaction by Steinhoff International is at an advanced stage, South Africa's Serious Commercial Crime Investigation unit said in a presentation to be delivered to lawmakers in Cape Town on Tuesday. The emergence of new details into the probe against the global retailer has resulted in the scope of the investigation being expanded, the presentation showed.

Business Union Bank Hosts Financial Markets Dealers Association Meeting

Union Bank recently hosted the quarterly general meeting of the Financial Markets Dealers Association (FMDA) in Lagos. L-R- Renowned Economist, Dr Doyin Salami; Head Corporate Banking and Treasury, Union Bank, Emeka Okonkwo; President, CIBN, Dr Uche Olowu and President, Financial Markets Dealers Association (FMDA) Samuel Ocheho, at the quarterly general meeting of the association sponsored by Union Bank in Lagos recently. The meeting was an opportunity for treasurers of Money Deposit Banks (MDBs), market players and their institutions to exchange ideas, share information and deepen business relationships for the development of the financial markets. Chuka Emerole- Head, Treasury, Union Bank Union Bank's Head of Corporate Banking and Treasury, Mr Emeka Okonkwo and other Senior Executives were joined by dignitaries including the Governor-elect of Lagos State, Mr Babajide Sanwo-Olu represented by Mr Yomi Oluyomi and the President, Chartered Institute of Bankers of Nigeria (CIBN), Dr Uche Olowu. The programme featured an informative presentation by Economist, Dr Doyin Salami on the topic ‘Navigating the Next Level for the Economy and Markets'. Dr Salami shared insights into the 2019 economic outlook, to assist market players and Union Bank customers as they position themselves for the year. Dr Doyin Salami delivering his presentation Delivering his remarks, Mr Okonkwo who spoke on behalf of the CEO of Union Bank, highlighted the key role of the FMDA in boosting the growth and development of the financial markets and the Nigerian economy. He also stated; "This year, we expect the economy to be influenced by a number of trends on the global and local scenes.

Honouring social workers on International Social Work Day

Every year International Social Work Day is celebrated on March 19 and now the local social work fraternity has started to organise a series of seminars with local and international academics to focus on the social challenges our poorest communities face.Social workers are putting their heads together to find solutions for the growing social and economic crises that cripple poor communities.Social workers are trained as agents of change and to bring about positive transformation when supporting individuals families and communities who experience some form of social dysfunction.The number of people families and households facing hunger is growing. Over the past six months the cost of living has increased at an alarming rate. Price increases in basic and staple household goods as a result of increases in the petrol price electricity and rates are affecting the lives of all citizens in all communities.In poor and marginalised communities where families do not have savings are unemployed or do seasonal work their daily survival becomes a struggle.When families are challenged to make ends meet the attraction of crime drugs and gangsterism seems to be the only escape for young people trapped in poverty.It is in these situations that social workers and community workers are expected to perform miracles and find solutions to address and remedy the social dysfunction.In South Africa social work has been identified as a scarce skill because it is not attractive to work with the destitute anymore.Fewer social service professionals employed by NGOs government departments and municipalities are now forced to think out of the box to develop intervention strategies that can empower communities to take ownership to collectively address and eradicate the dysfunction they experience.The work of NGOs in poor communities is well documented but unfortunately reduced funding affects the level and scale of services to communities.It is therefore important for NGOs to break away from the dependency on grants and

Suspect nabbed following foiled business robbery outside Seshego

The 44-year-old suspect was part of a group of suspects who were reportedly on the verge of committing a business robbery at Senwabarwana outside Seshego LIMPOPO - The suspect was arrested on Sunday during a multidisciplinary intelligence-driven operation, comprising the Tracking Team, K9 and the Airwing unit. Police spokesperson, Col Moatshe Ngoepe, said the officers recived information about an unknown number of suspects who had plans of breaking into a supermarket at Rhiland village, on Sunday, 17 March and immediately reacted.    Business robbery suspect fatally wounded during car chase near Matlala According to reports the suspects, arrived on the scene in three vehicles; A white Mercedes Benz , a white Toyota Hilux and a black Polo VW.

Top 10 unit trusts in South Africa 2019

Lately, many South African investors are turning to unit trusts to accumulate more wealth. Even though the benefits are long-term, they are worth it. A considerable number of unit trusts have performed exemplary well for the past 5 years.

Food parcels & food garden upgrades empowered this community to be self-reliant

Credit: Regency Global / SA INC Tiger Brands feed over 30,000 people a month through their food parcel programme, and these are just some of the beneficiaries behind the project. Ferreirastown, Johannesburg - As part of the #SAINC nation-building initiative, Tiger Brands is joining a network of purpose-driven brands to share stories of positive progress in South Africa. These are just a few of the thousands of people uplifted through food parcels and food garden upgrades.

Overstated sham deals see share price claw back 7%

DURBAN - Steinhoff International strengthened on the JSE on Monday after PwC showed that estimated fictitious transactions that crippled the group were overstated by nearly 50?percent. The PwC summary report also revealed that the accounting scam that led to the writing off of more than $7.4?billion (R107bn) in Steinhoff's market value 15 months ago did not permeate to its biggest subsidiary, Pepkor. Steinhoff has a 71?percent stake in Pepkor, which has a market capitalisation of R65.45bn.

Markets Beat Powerful Odds

The market has rallied 20% in under 12 weeks, overcoming widespread bearishness in the face of year-end declines..

SA extends controlled blackouts as business stalls

A cyclone in Mozambique worsened the capacity shortage over the weekend. South Africa's state-owned power utility implemented a fifth straight day of controlled blackouts and will carry out more this week to prevent a total collapse of the electricity grid amid a shortage of capacity. Businesses got off to a slow start and many roads were gridlocked in cities throughout Africa's most industrialized economy as the staggered power cuts crippled productivity. Eskom, which supplies almost all the power in the nation, will cut 4 000 megawatts of supply from 9 am until 11 pm on Monday, it said. Eskom is seen as one of the biggest risks to the country's economy, burdened by operational and financial woes stemming from years of mismanagement and massive cost overruns on two new coal-fired power stations that should have been completed in 2015. In an unusual step, the utility cut 2 000 megawatts on Sunday night before increasing the outages Monday morning. South Africa's mining industry faces risks sending workers underground when the electricity supply is unstable, said Shaun Nel, a spokesman for the Energy Intensive Users Group of South Africa.

Watch: PIC inquiry resumes with testimony from FSCA

JOHANNESBURG - The Public Investment Corporation (PIC) has resumed on Monday morning with testimony from the regulatory authority, the Financial Sector Conduct Authority (FSCA). Several witnesses have so far testified about former CEO Dan Matjila's conduct and the pressure he exerted when it came to securing certain investments, in particular, the Ayo deal. WATCH LIVE: PIC inquiry resumes.

SA extends controlled blackouts as business stalls

A cyclone in Mozambique worsened the capacity shortage over the weekend. South Africa's state-owned power utility implemented a fifth straight day of controlled blackouts and will carry out more this week to prevent a total collapse of the electricity grid amid a shortage of capacity. Businesses got off to a slow start and many roads were gridlocked in cities throughout Africa's most industrialized economy as the staggered power cuts crippled productivity. Eskom, which supplies almost all the power in the nation, will cut 4 000 megawatts of supply from 9 am until 11 pm on Monday, it said. Eskom is seen as one of the biggest risks to the country's economy, burdened by operational and financial woes stemming from years of mismanagement and massive cost overruns on two new coal-fired power stations that should have been completed in 2015. In an unusual step, the utility cut 2 000 megawatts on Sunday night before increasing the outages Monday morning. South Africa's mining industry faces risks sending workers underground when the electricity supply is unstable, said Shaun Nel, a spokesman for the Energy Intensive Users Group of South Africa.

WATCH: PPC Cement hosts brick making workshop in Mamelodi

Pretoria Brick makers in Mamelodi were in for special treat when cement producer PPC Cement took charge within its sector and hosted a brick making workshop in Mamelodi east.  The aim according to PPC Southern Africa managing director Njombo Lekula was to provide an environment for skills development to help people participate in the economy and escape poverty. More than 20 bricklayers from around Mamelodi got a crash course on how to properly construct bricks using the right measurements to ensure strength and stability so houses dont collapse or cave in. Our enterprise development will assist in creating jobs in the communities he said.  A female brick maker in the community Abigail Matloga said she was grateful for the crash course on making quality solid bricks. { @context: http:schema.org @type: VideoObject name: IOL video description: IOL video thumbnailUrl: https:inmbaobabprodeuwest1.s3.amazonaws.compublicinmiolmediavideo<wbr/>20190318199547650WhatsAppVideo<wbr/>219318at15.42.00001.png uploadDate: duration: 00:00:17.110 publisher: { @type: Organization name: IOL logo: { @type: ImageObject url: imiginocdn.iol.co.zalogosivoLogo.png } } contentUrl: https:inmbaobabprodeuwest1.s3.amazonaws.compublicinmiolmediavideo<wbr/>20190318199547650WhatsAppVideo<wbr/>219318at15.42..mp4 embedUrl: https:video.iol.co.zavideo1buildEnvelopec291<wbr/>cmNlPUlPTCZ2aWRlb1VybD1odHRwcz<wbr/>ovL2lubS1iYW9iYWItcHJvZC1ldS13<wbr/>ZXN0LTEuczMuYW1hem9uYXdzLmNvbS<wbr/>9wdWJsaWMvaW5tL2lvbC9tZWRpYS92<wbr/>aWRlby8yMDE5LzAzLzE4LzE5OTU0Nz<wbr/>Y1LzAvV2hhdHNBcHBWaWRlbzIxOS0z<wbr/>LTE4YXQxNS40Mi4ubXA0JnN0YW5kQW<wbr/>xvbmU9dHJ1ZQ}(function(isogram){iGoogleAnalyticsObjectr;irirfunction(){(ir.qir.q).push(arguments)}ir.l1*new Date();as.createElement(o)ms.getElementsByTagName(o)0;a.async1;a.srcg;m.parentNode.insertBefore(am)})(windowdocume

Metrofile appoints a second new CFO

DURBAN Metrofile Holdings has appointed its second chief financial officer (CFO) in a space of four months following the departure of Kelebogile Dludla earlier this month.Dludla was appointed to the position on November 15 last year but resigned on March 8 without giving reasons for her early departure.The group an information and records management company then appointed Leon Thompson on an interim basis while it was searching for a permanent replacement.However on Friday Metrofile moved swiftly in announcing the appointment of Shivan Mansingh as its new CFO and executive director effective April 1 2019.Mansingh has served as the CFO of Torre Industries which is in the process of delisting from the JSE since August 2016 and prior to joining Torre Mansingh worked at Exxaro Resources and PricewaterhouseCoopers where he specialised in group reporting as well as the audits of multinational JSElisted companies the group said.Metrofile is Africas market leader in records and information management offering a range of physical storage and digital services as well as the confidential destruction and recycling of records.The group operates in the Middle East and African countries where it is showing some steady growth.Metrofile released its financial results on Friday where it reported a 7.5 percent increase in revenue to R490.2million for the six months to end December mainly due to its Kenya acquisition and a good performance by CSX Customer Services.Metrofile recorded revenue growth of 55percent from its operations outside South Africa despite the unresolved socioeconomic and political disruption in the Gulf Cooperation Council states of the Middle East.However earnings before interest tax depreciation and amortisation declined by 3percent to R123.7m while basic earnings per share was down by 45.2percent to 10.2cents a share.The group also reported a 34.6 percent decline in its headline earnings per share to 10.2c.The decrease was largely due to the material higher interest charge and the high

MASSMART HOLDINGS LIMITED - Ratio applicable to the Scrip Distribution

Ratio applicable to the Scrip Distribution Massmart Holdings Limited (Incorporated in the Republic of South Africa) Company registration No. 1940/014066/06 JSE Code: MSM ISIN: ZAE 000152617 ("Massmart" or the "Company") Ratio applicable to the Scrip Distribution Shareholders are referred to the Company´s consolidated financial results for the 52 weeks ended 30 December 2018, published on the Stock Exchange News Service ("SENS") on Thursday, 28 February 2019, in which shareholders were advised of the Company´s declaration of a scrip distribution of fully-paid Massmart ordinary shares of R0.01 each ("the Scrip Distribution") to ordinary shareholders ("Shareholders") recorded in the register of the Company at the close of business on the Record Date, being Friday, 29 March 2019 ("the Record Date"). Shareholders will, however, be entitled to elect to receive a cash dividend of 140 cents ("Cash Dividend") per ordinary share of R0.01 each held on the Record Date in respect of all or part of their ordinary shareholding, instead of the Scrip Distribution.

India's competition watchdog targets Glencore and two other companies

Allegations probed that firms formed a cartel to discuss the pricing of pulses while importing and selling them at higher prices during shortage in 2015 and 2016 New Delhi — India's antitrust watchdog raided units of global commodities trader Glencore and two other companies in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters. More than 25 antitrust officials carried out the raids at the offices of local units of Glencore and Africa's Export Trading Group, and India's Edelweiss group which previously had a commodities business, two government sources told Reuters. The Competition Commission of India (CCI) has been investigating allegations that the companies formed a cartel to discuss the pricing of pulses while importing and selling them in the Indian market at higher prices in 2015 and 2016, when India faced an acute shortage, the sources said. A spokesperson for Switzerland-based Glencore, Charles Watenphul, declined to comment, while India's Edelweiss, which sold its commodities trading business in November 2016, and the Export Trading Group did not respond to requests for comment. Two years of drought pushed up prices of pulses such as chickpeas and black grams, which are a staple of Indian cuisine, in 2015 and forced New Delhi to offer duty-free imports, encouraging foreign and Indian traders who imported pulses to sell locally. "The collusion by these companies led to higher prices of pulses," one of the government sources said, adding that the CCI's inquiry started three months ago. The investigation will also assess whether the companies have continued their alleged collusion even after the prices of pulses stabilised in recent years, the source said. Fixing import prices The raids on five company offices in India's financial capital began on Friday and were concluded on Saturday. Antitrust officials collected evidence, including documents and emails, and questioned company officials during the

JSE pushes higher led by diversified miners

A firmer oil price is supporting diversified miners, while Naspers tracks a higher Tencent ahead of the Chinese firm's results later this week The JSE edged higher on Monday morning, led by Naspers, although banks and financial stocks under some pressure. The rand was stable, and is expected to remain range-bound until later in the week. The major event is the US Federal Reserve monetary policy announcement on Wednesday, although yet another vote on UK Prime Minister Theresa May's draft agreement is due on Tuesday. At 10.05am the JSE was up 069% to 56,426.2 points and the top 40 rose 0.67%. Resources had added 1.35% and industrials 0.71%. Gold was up 0.22% to $1,303.81/oz and platinum 0.33% to $832.48. Brent crude was 0.24% higher at $67.18 a barrel.

Nvidia beats Intel to the chase

Another acquisition by Accenture and further developments in the Apple/Qualcomm battle were some of the highlights of the international ICT market last week. At home, Huge's acquisition of Otel was one of the main stories. Key local news * Satisfactory interim numbers from Cognition, with revenue up 5.1% and profit up 0.8%.* Mixed interim figures from Metrofile, with revenue up 7.5% but profit down 47.8%.* A negative trading update from Metrofile Holdings.* Huge and its wholly-owned subsidiaries acquired Otel for R43.5 million, culminating in the merger of Huge Networks and Otel.* GoDaddy launched in SA. GoDaddy is a Web hosting company that will target the small and medium enterprise market.* Altron has partnered with US-based analytics software developer SAS to target the South African public sector with its offerings.* Oracle has issued a stern "no comment" to accusations that it hired a former senior national treasury official in order to secure a contract to supply software for a major overhaul of the South African government's core IT systems.* A renewed JSE cautionary by the Huge Group.* The appointment of Vukile Mehana as CEO of Sizwe Africa IT Group. Key African news * Maroc Telecom acquired Millicom's subsidiary Tigo Chad, continuing the latter's gradual exit from Africa in order to focus on Latin America.* The appointment of Dario Debarbieri as Enterprise Outsourcing's CEO of its APAC region. Key international news * Accenture acquired Netherlands-based Storm Digital, a full service digital marketing agency specialising in search, social and programmatic advertising services that transforms customer experiences through strategic, technological, analytical and creative solutions.* Australia-based Appen, a provider of human-annotated datasets for machine learning and artificial intelligence, bought US-based Figure Eight, a data annotation firm, for $300 million.* Apple acquired Laserlike, a start-up specialising in machine learning technologies.* Basalt Infrastructure Partners pur

Eskom must explain Stage 4 load shedding: Nelson Mandela Bay Business Chamber

Port Elizabeth - The Nelson Mandela Bay Business Chamber on Monday said that it condemns in the strongest terms the ongoing and drastic load shedding implemented by Eskom. Eskom implemented Stage 4 load shedding  for the first time over the weekend and continued with Stage load shedding on Monday citing shortage of generating capacity. "The parastatal has been leaving businesses and residents powerless at frequent intervals since last week, often resorting to Stage 4 load shedding shifts of four hours each," said Odette Parfitt, Nelson Mandela Bay Business Chamber Media and Publications Officer.

#PICInquiry: FSCA never received irregularity report on AYO deal

FSCA's Felicity Mabaso told the PIC Commission of Inquiry that the FSCA was informed that there were no mandate breaches in what is now known as the AYO transaction. Photo: Oupa Mokoena/African News Agency (ANA) PRETORIA - The Financial Sector Conduct Authority (FSCA) never received any irregularity report with regard to the Public Investment Corporation's (PIC's) investment into AYO Technology Solutions. This was revealed by the divisional executive for licensing and the business centre at the Financial Sector Conduct Authority (FSCA), Felicity Mabaso, during her submission to the PIC Commission of Inquiry, which resumed on Monday.

STANLIB COLLECTIVE INVESTMENTS (RF) PROPRIETARY LIMITED - Index Rebalance Announcement - STPROP

Wrap Text Index Rebalance Announcement - STPROP STANLIB SA PROPERTY ETF (being a portfolio under the STANLIB ETF Collective Investment Scheme registered in the Republic of South Africa in terms of Collective Investment Schemes Control Act, 45 of 2002 (CISCA) Share Code: STPROP ISIN: ZAE000175576 Abbreviated Name: STANPROP ("STANPROP") Index Rebalance Announcement Notice is hereby given that a quarterly review of the FTSE/JSE SAPY Index, has resulted in a rebalancing of the STANLIB SA PROPERTY ETF: The complete list of current constituents and their respective weightings have been included in the table below: Code Share Previous New weight weight APF Accelerate Prop Fund Ltd 0,70% 0,70% ATT Attacq Limited 3,26% 3,23% EMI Emira Property Fund Ltd 2,17% 1,74% EPP EPP N.V. 1,93% 1,91% EQU Equites Prop Fund Ltd 2,19% 2,24% FFA Fortress REIT Ltd A 6,83% 6,77% FFB Fortress REIT Ltd B 3,12% 3,08% GRT Growthpoint Prop Ltd 22,11% 21,89% HYP Hyprop Inv Ltd 6,23% 6,17% IAP Investec Australia Prop Fd 1,20% 1,19% IPF Investec Property Fund Ltd 2,46% 2,43% L2D Liberty Two Degrees LTD 0,72% 0,72% MSP MAS Real Estate Inc. 2,96% 2,94% NRP NEPI Rockcastle Plc 12,82% 12,69% RDF Redefine Properties Ltd 16,25% 17,10% RES Resilient REIT Limited 5,17% 5,12% SAC SA Corp Real Estate Ltd 2,74% 2,71% SRE Sirius Real Estate Ltd 1,50% 1,50% STP Stenprop Limited 0,45% 0,45% VKE Vukile Property Fund Ltd 4,87% 4,87% The following constituents have been added to STANPROP: Code Share Previous New weight weight HPB Hospitality Pr

Social media weighs in on Sea Point residentss plan to object inclusionary housing development

Cape Town Social media has weighed in on Sea Points stating their objection to last weeks Municipal Planning Tribunal decision to cater for inclusionary housing in a new highrise development in their area.Last week Thursday the Cape Argus revealed that the Municipal Planning Tribunal has ordered that inclusionary housing be included in a new Sea Point development.The tribunal on Tuesday March 12 approved the land use application of the Berman Brothers Group and investors Hosken Consolidated Investments (HCI) for their 60m residential building at the intersection of Main and Kloof roads.In effect 28 new flats each between 35m² and 39m² will be reserved for rental to households whose monthly income is less than R18000.The 18storey residential building would be located at the intersection of Main Road and Kloof Road Sea Point.However the Sea Point Fresnaye and Bantry Bay Ratepayers and Residents Association said: The decision has been strongly objected. We are planning to appeal the decision in the coming week. The association did not want to divulge further details but confirmed it would be convening later this week.Once social media heard this many let their thoughts on the matter be known:Carole Ann Sherratt  "It has nothing to do with inclusionary housing NOT OPPOSED TO THAT! Residents are opposed to the UNSUITABILITY environmentally and position of 18 story EYE SORE building relating to services etc between 3 narrow already congested residential plus access RDS UNSUITABLE and the TRICKERY used by the DEVELOPER to get the departures passed by adding minimal INCLUSIONARY HOUSING so that they can get the return on investment for themselves and new partners !!! We do know their ANCHOR TENANT pulled out and see building site is on an aquifer hence filled with precious mountain water even when NO rain!! Its about GREED and unsuitability and nothing to do with opposition to inclusionary housing so stop being hoodwinked and report correctly!"Barbara Goldman Jenecker "Its

PEPKOR HOLDINGS LIMITED - Overview Of Forensic Investigation At Steinhoff International

Wrap Text Overview Of Forensic Investigation At Steinhoff International Pepkor Holdings Limited (Previously Steinhoff Africa Retail Limited) (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: PPH ISIN: ZAE000259479 ("Pepkor" or "the Company") OVERVIEW OF FORENSIC INVESTIGATION AT STEINHOFF INTERNATIONAL Pepkor shareholders are referred to the findings released by Steinhoff International Holdings N.V. ("Steinhoff") on Friday 15 March 2019 titled Overview of Forensic Investigation (the "Overview"), which reported on the investigation into Steinhoff's affairs conducted by PricewaterhouseCoopers ("the PWC investigation"). Pepkor highlights clause 3.2.4. of the Overview which confirms that "Pepkor Holdings, nor any of the other South African operating entities, were identified as having received such (fictitious or irregular) contributions" (from Steinhoff or any related party). Pepkor CEO Leon Lourens commented: "The findings confirm what we have always known. Pepkor's financial results for the 2017 and 2018 financial years therefore remain unaffected. This again illustrates that the appropriate financial and corporate governance structures are in place within Pepkor.

Metrofile appoints a second new CFO

DURBAN - Metrofile Holdings has appointed its second chief financial officer (CFO) in a space of four months, following the departure of Kelebogile Dludla earlier this month. Dludla was appointed to the position on November 15 last year but resigned on March 8 without giving reasons for her early departure. The group, an information and records management company, then appointed Leon Thompson on an interim basis while it was searching for a permanent replacement.

#PICInquiry: FSCA never received irregularity report on AYO deal

PRETORIA The Financial Sector Conduct Authority (FSCA) never received any irregularity report with regard to the Public Investment Corporations (PICs) investment into AYO Technology Solutions.This was revealed by the divisional executive for licensing and the business centre at the Financial Sector Conduct Authority (FSCA) Felicity Mabaso during her submission to the PIC Commission of Inquiry which resumed on Monday.Mabaso told the Commission that the FSCA was informed that there were no mandate breaches in what is now known as the AYO transaction. She however said: We will follow up from our side as we are following these proceedings and are noting the submissions being made by the witnesses so we can make an informed decision.Mabaso also told the Commission that the Financial Services Board (FSB) in May 2017 received a letter from the Organisation Undoing Tax Abuse (Outa) dealing with the investment of funds by financial services providers into maladministered stateowned entities. Although not a specific complaint about the PIC the letter demanded of the FSBRegistrar to as a matter of urgency declare such investments in Eskom by financial service providers be they the PIC or any other provider public or private to be an undesirable practice in terms of section 34 of the FAIS Act. The FSB subsequently sought and obtained advice from senior counsel about the provision of section 34 of the FAIS Act within the ambit of the regulatory framework and inter alia the requirement for FSPs to comply with the provisions of the Code of Conduct she said during her submission.Mabaso said the Registrar decided not to declare investments in stateowned entities an undesirable business practice. She also told the Commission that in August 2018 correspondence was received from Abraham du Plooy who essentially commented on the Presidents decision to establish a commission of enquiry into the PIC. The correspondence was not specific on any issue and a request for additional information did not elicit su

OPINION: Business model for contractual products puts investors last

Many things contribute to disappointing investment outcomes, including market downturns and investors' own behaviour. But a major factor is what you end up paying to invest - and withdraw. It's the traditional players in the investment space, the large life insurance companies, that have the biggest problem in this regard, because their business model depends on a large distribution network of intermediaries, who, in the case of contractual products, receive large upfront commissions that must be recouped from the investor over the term of the investment.

Steinhoff shares jump on PwC report

The report shows that about €6.5bn worth of fictitious transactions between 2009 and 2017 inflated the group's profits and asset value.

GLENCORE PLC - GLN: Transactions In Own Shares-15 March 2019

Wrap Text GLN: Transactions In Own Shares-15 March 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 18 March 2019 Transactions in own shares-15 March 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 15 March 2019 Aggregate number of ordinary shares of USD 0.01 each purchased: 2,750,000 Lowest price paid per share (GBp): 306.1000 Highest price paid per share (GBp): 310.0000 Volume weighted average price paid per share (GBp): 308.0014 The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 709,722,991 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 13,876,477,075. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018. Aggregated information Volume weighted Trading venue

Good Business Basics: Rural economies are often overlooked

I recently had the opportunity to attend and address an event hosted by the KwaXolo Business Forum. I was struck by a few things at this engagement. ALSO READ :  Good Business Basics: Private sector ‘best practise' is not working Firstly, on my way to the venue I was impressed by the extent of non-retail commercial activity in the township and surrounding area.

'Smartstreaming' enterprise financial management

Statistics SA recently released its findings that the South African economy grew by 1.4% in the last quarter of 2018. While this is encouraging and a move in the right direction, many are still faced with the question: "Is this growth sustainable?" Mirroring this question, industries across the African continent are seeking solutions that will effectively help organisations to accelerate growth while keeping cost and risk under control. According to Mark Bannerman, Managing Director at EOH Infor Services, Infor's Master Partner in Africa, operating as a Gold Partner, what African businesses need far exceeds technical support. "From a technology and software perspective, these organisations require effective enterprise financial management (EFM), but the software alone won't deliver the desired result.

The credibility of witnesses

To succeed in a hearing, it is incumbent upon a party to lead evidence of credible witnesses. In the matter of National Union of Food and Beverage Wine Spirits and Allied Workers Union obo Osman vs. RCL Foods - Animal Feed Division , Commissioner F Maluleke dealt with the credibility of witnesses.

Why property markets slow before elections

it is possible that activity in the property market may improve in the months following the election. PROPERTY NEWS - With the election date recently set for 8 May, it is possible that activity in the property market may improve in the months following the election. But, says regional director and CEO of RE/MAX of Southern Africa, Adrian Goslett, it is not unheard of for the property market to reach a bit of a standstill leading up to a national election.

Steinhoff ex-chair, top investor Wiese open to talks over $4 bln claim

JOHANNESBURG, March 18 (Reuters) - Former Steinhoff chairman and top shareholder Christo Wiese is open to negotiations over his 59 billion rand ($4.08 billion) claim against the scandal-hit company, he said on Monday. "Everybody knows, the company does not have that kind of money, so our approach has been that the only way forward is for all the stakeholders to sit around the table and reconstruct the company," Wiese told Reuters. The South African retailer said on Friday that an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.

NEWFUNDS COLLECTIVE INVEST SCHEME - GIVIND: Change To Index Constituents Effective 18 March 2019.

GIVIND 201903180048A GIVIND: Change To Index Constituents Effective 18 March 2019. NEWFUNDS (RF) S&P GIVI SA INDUSTRIALS 25 ETF EXCHANGE TRADED FUND PORTFOLIO Share code: GIVIND ISIN: ZAE000205241 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) CHANGE TO INDEX CONSTITUENTS EFFECTIVE 18 MARCH 2019 In terms of section 19.28 of the JSE Limited Listings Requirements (JSE LRs), notice is hereby given to investors of the above ETF securities that the ETF portfolio was rebalanced on 15 March 2019 and that the following changes in the constituents of the underlying index/ices in the table below were effective on 18 March 2019. Constituent(s) added to index Constituent(s) removed from index - THE BIDVEST GROUP LIMITED GIVIND - DISTELL GROUP LIMITED - PIONEER FOOD GROUP Investors are advised that the above index is rebalanced on a quarterly basis and the composition of each of the portfolios may be viewed via the Absa Capital ETF website (http://etfcib.absa.co.za). 18 March 2019 Sponsor Absa Corporate and Investment Banking (a division of Absa Bank Limited) Date: 18/03/2019 02:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS..

Looking for ‘quality shares' a good solution for very nervous South African investors

Jason Forssman, Head of Equity and Multi Asset at Ashburton Investments Trade wars, slowing global growth, power failures, nervousness ahead of elections, possible further rating downgrades and some spectacular price collapses in Johannesburg Stock Exchange (JSE) market darlings have led many South Africans to reduce investments in the local market or stop investing. But there is a way for investors to feel a lot more comfortable about achieving consumer price inflation beating returns by putting money to work on the JSE - by building a core portfolio of shares based on the concept of quality. What are the characteristics of quality shares? On the quantitative side, there are three principal areas that should receive attention - profitability, financial strength, and cyclicality of earnings.

JUST IN: Yusuf Saloojee, former Iran ambassador arrested over alleged corrupt MTN deal, dies

Former South African ambassador to Iran, Yusuf Saloojee, who was embroiled in the MTN/Turkcell saga, has died, a spokesperson on behalf of the family confimed to News24 on Monday. "He passed away in the morning and his funeral will be at 19:30 this evening. "I cannot at this stage reveal the circumstances surrounding his death," Mohammed Choonara said.

One of Bay's 'most dangerous' suspects killed in suspected hit

A Port Elizabeth man who at one stage was dubbed Nelson Mandela Bay's most dangerous and wanted suspect, has been shot more than 15 times in what police suspect to be a hit murder. The latest killing saw Luvuyo "Mabele" Plaatjies, 34, gunned down in the garage of a house in Mbane Street in Zwide. Plaatjies was released from jail earlier this year in East London after he was arrested in 2015 for allegedly being part of a gang who robbed a tobacco tuck.

Chicago Pneumatic turns up the power in Limpopo

Chicago Pneumatic eagerly kicked off its second Mining & Technical Exhibition (MTE) participation for 2019 at the MTE Lephalale, Limpopo, on the 21st of February. With extensive experience at the MTEs, the company arrived geared with the winning formula of product expertise, warm smiles and a high-performance CPPG5 generator to giveaway. "Chicago Pneumatic was thrilled to have the opportunity to showcase our vast generator capabilities at the Lephalale MTE," states Katlego Ntsie from Chicago Pneumatic Electrical Compressor. "Chicago Pneumatic prides itself on its exceptional product and service excellence suite and we were keen to giveaway one of our efficient generators to an MTE attendee through our lucky draw." The advanced petrol-driven generator is equipped with premium quality components to deliver a continuous electric output and stable operation, which enables customers to efficiently and timeously complete tasks.

Steinhoff ex-chair Christo Wiese open to talks over $4bn claim

‘I would expect Steinhoff to give me back my money, and I will give them back their worthless shares,' Wiese said after Friday's report Former Steinhoff chair and top shareholder Christo Wiese is open to negotiations over his $4bn claim against the company, he said on Monday, days after Steinhoff released a report that showed the scale of a devastating accounting fraud. The SA retailer said on Friday that an independent report had found it had overstated profits over several years in a $7.4bn accounting fraud involving a small group of top executives and outsiders. Steinhoff did not name the individuals but said those implicated were no longer employed by the company. Steinhoff first disclosed the hole in its accounts in December 2017, hammering its shares and triggering lawsuits from shareholders including Wiese. As the largest shareholder in Steinhoff, with a stake of about 20%, Wiese was particularly hard hit by the more than 90% crash in the company's stock price. He acquired the stake in 2014 when he sold his company Pepkor to Steinhoff in exchange for shares. "I would expect Steinhoff to give me back my money, and I will give them back their worthless shares," Wiese told Reuters. "But everybody knows the company does not have that kind of money, so our approach has been that the only way forward is for all the stakeholders to sit around the table and reconstruct the company," Wiese added. Steinhoff declined comment. Some analysts have questioned Wiese's possible involvement in the fraud but he dismissed such suggestions as "insane". "People that are making these allegations are insane, or I'm insane. What sane person will put R60bn into a company that he knows is riddled with fraud?" Wiese asked. Shares in Steinhoff were up more than 5% at R1.94 in mid-morning trade, valuing the company at about R8bn — a dramatic fall from grace for a stock valued at R224bn 15 months ago. Reuters.

Give us answers on Steinhoff saga, parliament demands

Parliament wants crime-fighting authorities to explain what progress they have made in acting against those involved in the biggest corporate scandal the country has ever faced ..

Meet South Africa, the business destination

Best known for its leisure and travel tourism, SA is gaining popularity as an international business destination SA is known to many across the world for its golden sunshine picturesque scenery, handsome wildlife, warm beaches and homegrown wines. Beyond the tourism-worthy features, the hosts of business events and the millions of delegates who have visited SA over the years have experienced another aspect - its appeal as a business destination. With more than 1,700 meetings, incentives, conferences and exhibitions (MICE) event venues, and the largest of those venues accommodating more than 20,000 visitors, SA is Africa's leading business destination and the International Congress and Convention Associations' (ICCA) number-one convention destination in Africa and the Middle East. Over the years the country has grown its business tourism statistics. During the Meetings Africa conference in 2018, it was announced that business tourism contributed R115bn, 9.4% of SA's gross economic product (GDP), to its economy in 2017. SA welcomes more than 1m business event delegates every year, and the business tourism industry created in excess of 250,000 jobs both directly and indirectly in 2017.

Steinhoff shares jump on PWC report

Steinhoff International's shares rose as much as 13.6% to R2.09 in early trade on Monday after the overview of PwC's forensic investigation into the retailer's past results was released.  The report, released late on Friday, revealed that an estimated €6.5bn worth of fictitious transactions between 2009 and 2017 had inflated the group's profits and asset value. But the amount was significantly below the €12.4bn that had been tagged by management when it released the March 2018 interim results in June 2018. Meanwhile, shares in Pepkor Holdings rose as much as 2% in early trade to R19.25.

RUGBYWP: WP Rugby Union in dire financial straits according to newspaper reports

CAPE TOWN The WP Rugby Union is going through hard times at the moment with financial problems and worries about dwindling crowds at home games at Newlands where only 10 000 turned up at the weekend for a Super Rugby match.According to Sunday newspaper Rapport the Union is struggling to pay back its debt to investment company Remgro.Apparently the debt has increased from R40million to almost R53million after interest payments were not settled.That means that the interest over the next three years could push the loan up to R83million.FULLTIME the Stormers have thundered away from the Jaguares! #SuperRugby #STOvJAG pic.twitter.comALLiTUEb0O Super Rugby (@SuperRugby) March 15 2019There is also bad blood between the professional and amateur arms of the union and apart from the loss of fans.According to reportsas many as twentyeight owners of corporate boxes have given up their contracts. African News Agency (ANA)Like us on FacebookFollow us on Twitter.

Off to a credible start to the year

As the JSE All Share heads toward the end of the first quarter of 2019, all things considered the local equity market had a reasonable start to the year, firming about 5% since the first trading day in January. That is somewhat weaker than the performances of other global equity markets, but probably the best that could reasonably be expected under the circumstances, as a myriad of challenges remain after last year's reversals. The Dow Jones and S&P 500 have climbed 9% respectively.  The FTSE 100 and the Nikkei have both added 5%.

Kalis View: Scheming leaders utopia of greed

DURBAN Durban has been the hot house of corporate machinations this week with JSE listed companies pharmaceutical giant Aspen and agricultural sugar company Tongaat Hulett taking on pariah status.  They join the ranks of Steinhoff Transnet Eskom and Bosasa in becoming the latest greedy establishments that throw the spotlight on failed myopic and morally bereft leadership. The unconscionable shenanigans of leaders who choose to loot connive and conspire drives them on a selfdestructive path that has no power to save them from the consequences of their actions.   The irony is that Aspen and its billionaire leader Stephen Saad was nominated for t he 2019 Conscious Companies Awards. They could have made it into the finals for their social impact and care initiatives as well as its leadership.

With Eskom, Ramaphosa faces his Thatcher moment

Cyril Ramaphosa. Image c/o GCIS In 1987, an anti-apartheid firebrand named Cyril Ramaphosa led South Africa's biggest-ever mining strike. Some 300 000 miners — from a union Ramaphosa himself had founded — walked off the job, protesting pay and working conditions.

Tsogo Sun shares surge on separate hotel listing announcement

JOHANNESBURG - Hospitality Property Fund (HPF), a subsidiary of gaming and leisure group Tsogo Sun, saw its share price surge 6.50?percent on Friday after Tsogo announced it plans to separately list its hotel business by June. HPF owns 53 properties valued at R8.1?billion as of March 2017. Tsogo Sun said following its acquisition of a controlling interest in HPF, its hotel division has reached critical mass and that there are limited opportunities to leverage synergies within the group due to gaming and hotel divisions operating in distinctly different markets and servicing different customers.

Tsogo Sun shares surge on separate hotel listing announcement

JOHANNESBURG - Hospitality Property Fund (HPF), a subsidiary of gaming and leisure group Tsogo Sun, saw its share price surge 6.50?percent on Friday after Tsogo announced it plans to separately list its hotel business by June. HPF owns 53 properties valued at R8.1?billion as of March 2017. Tsogo Sun said following its acquisition of a controlling interest in HPF, its hotel division has reached critical mass and that there are limited opportunities to leverage synergies within the group due to gaming and hotel divisions operating in distinctly different markets and servicing different customers.

Amplats puts 270ha of land in new hands

Amplats said on Friday that the land would be used for housing and resettlement in Rustenburg, which is home to some platinum assets. Photo: Supplied JOHANNESBURG - Anglo American Platinum (Amplats) - the world's biggest platinum producer - handed 270 hectares of land to the people of Rustenburg in the North West as the government envisions land expropriation without compensation as a measure to bring about land distribution. Amplats said on Friday that the land would be used for housing and resettlement in Rustenburg, which is home to some platinum assets.

Amazing growth in AfricaChina corridor

CAPE TOWN The AfricaChina corridor a key corridor that Africa needs to focus on is growing at a phenomenal pace while intraAfrica trade is changing as the continent becomes more connected.This is according to Vinod Madhavan head of trade for the Standard Bank Group who spoke to Business Report on Friday on the sidelines of Global Trade Review Africa 2019 which took place at the Cape Town International Convention Centre.Madhavan said the world was looking at other trade corridors and the AfricaChina corridor had been growing at a phenomenal pace.To my mind that is a very key corridor to focus on. The second trade corridor that I feel very bullish about is the intraAfrica trade he said.Madhavan said with the intraAfrica trade Africa does 83 to 85percent of its trade with countries outside Africa rather than internally.He said this was because Africa was not connected and the infrastructure was not there.It was much more costefficient to do trade overseas than over land. But this is changing.

Brexit Takes Centre Stage

Another day, another Brexit headline! It seems like that's the case as Anthea leads a conversation around breaking down the current situation in the UK. She also touches on mining and manufacturing data that's just been released, construction company, Group Five, filing for bankruptcy and Exxaro