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Sibanye-Stillwater brings peaceful, successful wage talks season to close

By David McKay - November 14, 2018 Share on Facebook Tweet on Twitter SIBANYE-Stillwater today concluded a new three-year wage agreement with its major unions bringing an end to the 2018 round of talks the first began in May and also involved AngloGold Ashanti, Harmony Gold and Village Main Reef. "There are now agreements with all the companies in the bargaining forum," said chief negotiator for the Minerals Council, Motsamai Motlhamme in a statement. "This bodes well for the gold sector for the next three years," he said.

Sappi reports 4% fall in annual profit

The firmer currency dampened profitability in South Africa. South The company, whose Europe and North American operations contribute 51% and 25% of Sappi's sales respectively, said profit fell to $323 million from $338 million. Fourth quarter profit was up 4.

Huawei lifts the lid on its SA cloud

Huawei Cloud has officially launched in South Africa, with a local data center providing cloud services in-country. Huawei Cloud South Africa region will start providing cloud services at the end of this year, allowing organisations operating inside South Africa and its neighboring countries to access lower-latency, reliable, and secure cloud services, such as Elastic Cloud Server (ECS), Elastic Volume Service (EVS), and Object Storage Service (OBS). Huawei Cloud also indicated a plan to unveil more new regions in Africa.

Standard Bank, AVI begin trading on A2X

Standard Bank Group Limited ordinary shares, Standard Bank Group Limited second preference shares and fast-moving consumer goods (FMCG) group AVI Limited shares began trading on A2X today. A2X's CEO Kevin Brady says: "We welcome the listing of Standard Bank's ordinary and second preference shares as well as AVI's ordinary shares on A2X today. This is an important milestone for us, as these listings represent the first bank and first FMCG company to list on A2X.

JSE lifts slightly led by banks, as rand cheers soft Brexit

Easing geopolitical tension has provided some support for the rand, with a busy day of local corporate news in store The JSE edged higher on Thursday morning, boosted by a weaker dollar, which helped provide support for local banks and miners. A combination of cooling fears of a hard Brexit, as well as comments by US Federal Reserve chair Jerome Powell about slowing economic growth in 2019, put the greenback under mild pressure. At 9.

MEDICLINIC INTERNATIONAL PLC - Mediclinic International plc - 2018/19 interim results and declaration of interim cash divide

Wrap Text Mediclinic International plc - 2018/19 interim results and declaration of interim cash dividend Mediclinic International plc (Incorporated in England and Wales) Company Number: 08338604 LSE Share Code: MDC JSE Share Code: MEI NSX Share Code: MEP ISIN: GB00B8HX8Z88 LEI: 2138002S5BSBIZTD5I60 South African income tax number: 9432434182 ("Mediclinic", the "Company" or the "Group") 15 November 2018 MEDICLINIC INTERNATIONAL PLC - 2018/19 INTERIM RESULTS AND DECLARATION OF INTERIM CASH DIVIDEND - First half Group performance impacted by Hirslanden - Actions taken at Hirslanden to address structural changes across Swiss healthcare environment - Southern Africa and Middle East local currency revenue growth and EBITDA margin improvements - Interim dividend maintained at 3.20 pence per share - No change to full year guidance Mediclinic announces its results for the six months ended 30 September 2018 (the "period" or "1H19"). GROUP FINANCIAL RESULTS - Revenue down 1% to GBP1 387m; up 2% in constant currency terms reflecting growth in Southern Africa and Middle East offset by weak performance in Switzerland - Combined effect of the tariff reductions and less favourable insurance mix caused greater than expected impact on Hirslanden results - Adjusted EBITDA down 8% to GBP213m; reflecting the lower contribution from Hirslanden - Adjusted operating profit down 15% to GBP137m; reported operating profit down 71% to GBP39m, impacted by non-cash Hirslanden impairment charges of GBP98m - Reported loss* of GBP168m (1H18: loss of GBP50m), reflecting a non-cash impairment charge on the equity investment in Spire of GBP164m (1H18: GBP109m) and Hirslanden impairment charges - Adjusted earnings per share down 9% to 10.

INVESTEC BANK LIMITED - Interim condensed consolidated financial results for the six months ended 30 September 2018

Interim condensed consolidated financial results for the six months ended 30 September 2018 Investec Bank Limited (Registration number 1969/004763/06) Share code: INLP ISIN: ZAE000048393 Interim condensed consolidated financial results for the six months ended 30 September 2018 2018 Condensed consolidated income statement Reviewed Reviewed Audited Six months Six months Year to to 30 Sept to 30 Sept 31 March R'million 2018 2017 2018 Interest income 15 936 15 619 31 687 Interest expense (11 917) (11 956) (24 125) Net interest income 4 019 3 663 7 562 Fee and commission income 1 182 1 216 2 458 Fee and commission expense (106) (132) (213) Investment income 253 597 530 Share of post taxation profit of associates 369 382 777 Trading income/(loss) arising from - customer flow 204 196 356 - balance sheet management and other trading liabilities 227 42 (26) Other operating income 1 1 2 Total operating income before expected credit losses/impairment losses 6 149 5 965 11 446 Expected credit loss impairment charges* (376) - - Impairment losses on loans and advances* - (373) (720) Operating income 5 773 5 592 10 726 Operating costs (3 217) (3 121) (6 100) Operating profit before acquired intangibles 2 556 2 471 4 626 Amortisation of acquired intangibles (26) (26) (51) Operating profit 2 530 2 445 4 575 Additional costs on acquisition of subsidiary - - (100) Gain on acquisition of subsidiary 6 - - Profit before taxation 2 536 2 445 4 475 Taxation on operating profit before acquired intangibles (411) (143) 184 Taxation on acquired intangibles 7 7 14 Profit after taxation 2 132 2 309 4 673 * On adoption of IFRS 9, there is a move from an incurred loss model to an expected credit loss methodology. Calculation of headline earnings Reviewed Reviewed Audited Six months Six months Year to to 30 Sept to 30 Sept 31 March R'million 2018 2017 2018 Profit after taxation 2 132 2 309 4 673 Dividend paid to perpetual preference shareholders and other Additional Tier 1 security holders (88) (67) (133) Earnings attrib

INVESTEC LIMITED - Unaudited combined consolidated financial results for the six months ended 30 September 2018

Wrap Text Unaudited combined consolidated financial results for the six months ended 30 September 2018 Investec Limited Incorporated in the Republic of South Africa Registration number: 1925/002833/06 JSE ordinary share code: INL NSX ordinary share code: IVD BSE ordinary share code: INVESTEC ISIN: ZAE000081949 Investec plc Incorporated in England and Wales (Registration number 3633621) JSE ordinary share code: INP LSE ordinary share code: INVP ISIN: GB00B17BBQ50 Investec plc and Investec Limited (combined results) Unaudited combined consolidated financial results for the six months ended 30 September 2018 Unaudited combined consolidated financial results This announcement covers the statutory results of the Investec group for the six months ended 30 September 2018. Overview of results - The group has delivered a sound operational performance. - This is notwithstanding a challenging operating environment.

HAMMERSON PLC - Transaction in Own Shares

Wrap Text Transaction in Own Shares Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 ("Hammerson" or "the Company") Transaction in Own Shares 15 November 2018 The Company announces that on 14 November 2018, in accordance with the authority given to the Company by its shareholders and pursuant to a share repurchase programme, it purchased for cancellation from J.P. Morgan Securities plc the following ordinary shares: Highest Lowest VWAP No.

SAPPI LIMITED - Fourth quarter results for the period ended September 2018

Wrap Text Fourth quarter results for the period ended September 2018 SAPPI LIMITED Registration number: 1936/008963/06 JSE code: SAP ISIN code: ZAE000006284 Issuer code: SAVVI INVESTING IN GROWTH Fourth quarter results for the period ended September 2018 4th quarter results Sappi is a global diversified woodfibre company focused on providing dissolving wood pulp, specialities and packaging papers, printing and writing papers as well as biomaterials and biochemicals to our direct and indirect customer base across more than 150 countries. Our dissolving wood pulp products are used worldwide mainly by converters to create viscose fibre for fashionable clothing and textiles, as well as other consumer products; quality specialities and packaging papers are used in the manufacture of such products as soup sachets, luxury carry bags, cosmetic and confectionery packaging, boxes for agricultural products for export, tissue wadding for household tissue products and casting release papers used by suppliers to the fashion, textiles, automobile and household industries; our market-leading range of printing and writing papers are used by printers in the production of books, brochures, magazines, catalogues, direct mail and many other print applications; biomaterials include nanocellulose, fibre composites and lignosulphonate; biochemicals include second generation sugars. The wood and pulp needed for our products are either produced within Sappi or bought from accredited suppliers.

MEDICLINIC INTERNATIONAL PLC - Directorate change

Wrap Text Directorate change Mediclinic International plc (Incorporated in England and Wales) Company Number: 08338604 LSE Share Code: MDC JSE Share Code: MEI NSX Share Code: MEP ISIN: GB00B8HX8Z88 LEI: 2138002S5BSBIZTD5I60 ("Mediclinic", the "Company" or the "Group") 15 November 2018 DIRECTORATE CHANGE The Company announces that on 14 November 2018, Mr Desmond Smith, the Company's Senior Independent Director, informed the Board of his intention to retire as a director of the Company at the conclusion of the Company's Annual General Meeting ("AGM") scheduled for 24 July 2019 and not seek re-election at the AGM. Mr Smith will also step down from all Board committees at that time. Mr Alan Grieve will succeed Mr Smith as Senior Independent Director of the Company and as Chairman of the Audit and Risk Committee, to be effective from the date of Mr Smith's resignation in 2019.

SOUTH32 LIMITED - Daily Share Buy-Back Notice

Wrap Text Daily Share Buy-Back Notice South32 Limited (Incorporated in Australia under the Corporations Act 2001) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32 ISIN: AU000000S320 south32.net South32 Limited Daily Share Buy-Back Notice The Daily share buy-back notice (Appendix 3E) lodged on the Australian Securities Exchange and voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange has today been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.

70 startups set to pitch at AfricArena in Cape Town

More than 70 startups from across the continent will compete in 11 open innovation challenges at the AfricArena conference in Cape Town over the next two days. AfricArena , which is taking place for the second year, is a conference that showcases Africa's best startups and innovators in front of an audience of local and international investors looking for world-class talent. The themes for this year's edition are Smart City, Smart Agri, Smart Commerce, Smart Skills, Smart Media and Smart Travel, with over 70 startups from 30 countries attending and competing in 11 open innovation challenges sponsored by the likes of Vinci Energies, AirFrance, Engie, Sanofi, Leroy Merlin, the City of Cape Town and RCS.

This Chapter From The New ‘Steinheist' Book Is Riveting Stuff

Over the past year or so, South Africa has watched open-mouthed as the Steinhoff empire crumbled. We've seen Markus Jooste's name dragged through the mud a fair bit - not least when details of his alleged mistress surfaced - and there have already been a few books written about the Steinhoff saga, as it is often dubbed. There was  Steinhoff en die Stellenbosse Boys , written by James-Brent Styan , and now there is Steinheist , penned by Rob Rose.

UPDATE 1-UK Stocks-Factors to watch on Nov 15

(Adds company news items and futures) Nov 15 (Reuters) - Britain's FTSE 100 index is seen opening 28 points lower at 7,006 on Thursday, according to financial bookmakers, with FTSE 100 futures expected to be up 0.44 percent ahead of the cash market open. * Intermediate Capital Group: British asset manager Intermediate Capital Group (ICG) on Thursday posted a 17 percent increase in first-half assets on the back of strong inflows of new money from clients.

South Africa's Sappi reports 4 pct fall in annual profit

JOHANNESBURG, Nov 15 (Reuters) - South African paper and pulp maker Sappi said on Thursday that profit for the full year fell 4.4 percent as a firmer currency dampened profitability in South Africa. The company, whose Europe and North American operations contribute 51 percent and 25 percent of Sappi's sales respectively, said profit fell to $323 million from $338 million.

Jozi Stars partners with Brand South Africa

Jozi Stars, the South African Mzansi Super League T20 cricket team is excited to partner with Brand South Africa to promote and celebrate Jozi"s diversity, history and heritage to strengthen social cohesion. About Jozi Stars Jozi Stars brand promise is to ignite excellence. The brand promise stems from the name Jo'burg commonly known as Jozi, the city of gold that represents a city of hope, inspiring new possibilities, where dreams and stardom are realised, the melting pot of various cultures, its arts, diversity, rich history, heritage and its passionate love of the sport.

TWK Milling fined R1.84m for price-fixing

The commission initiated a complaint in March 2007 against Tiger Brands, Pioneer Foods, Foodcorp, Pride Milling and Progress Milling..

Mediclinic H1 core profit down 8%

Reflecting weak Swiss performance. Mediclinic International reported a 8% decline in half-year core profit on Thursday reflecting a smaller contribution from Hirslanden, its Swiss operation. The private healthcare group reported adjusted earnings before interest, taxation, depreciation and amortisation (Ebitda) of 213 million pounds ($277.

Steinheist: The inside story behind the Steinhoff scandal

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 Steinhoff crash wiped more than R200-billion off the Johannesburg Stock Exchange, erased more than half the wealth of tycoon Christo Wiese and knocked the pension funds of millions of ordinary South Africans. Here is a chapter from Steinheist.

TWK Milling fined R1.84m for price-fixing

PRETORIA - A settlement agreement between TWK Milling and the Competition Commission, in terms of which the firm agreed to pay a fine of R1.84 million for participating in meetings of a price-fixing cartel, has been confirmed by the Competition Tribunal. The commission initiated a complaint in March 2007 against Tiger Brands, Pioneer Foods, Foodcorp, Pride Milling and Progress Milling.

This Chapter From The New ‘Steinheist' Book Is Riveting Stuff

Over the past year or so, South Africa has watched open-mouthed as the Steinhoff empire crumbled. We've seen Markus Jooste's name dragged through the mud a fair bit - not least when details of his alleged mistress surfaced - and there have already been a few books written about the Steinhoff saga, as it is often dubbed. There was  Steinhoff en die Stellenbosse Boys , written by James-Brent Styan , and now there is Steinheist , penned by Rob Rose.

Mediclinic H1 core profit down 8 percent on weak Swiss performance

JOHANNESBURG, Nov 15 (Reuters) - Mediclinic International Plc reported a 8 percent decline in half-year core profit on Thursday reflecting a smaller contribution from Hirslanden, its Swiss operation. The private healthcare group reported adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of 213 million pounds ($277.24 million) for the six months to September 30, down from 232 million a year earlier.

Huawei Cloud Unveils in South Africa, Enabling to Build a Fully Connected Intelligent Africa

HUAWEI CLOUD , the cloud-computing services of Huawei, announced it had unveiled a new region in South Africa at AfricaCom 2018 on November 14, making the company the world's first cloud service provider that operates a local data center to provide cloud services in Africa. Huawei Cloud South Africa region will start providing cloud services at the end of this year, allowing organizations operating inside South Africa and its neighboring countries to access lower-latency, reliable, and secure cloud services, such as Elastic Cloud Server (ECS), Elastic Volume Service (EVS), and Object Storage Service (OBS). Huawei Cloud also indicated a plan to unveil more new regions in Africa.

No stop to Mr. Tekkie

Tekkie Town and Mr. Tekkie must keep the list of shoes that Mr. Tekkie has been barred from selling confidential - by order of Judge Elizabeth Baartman.

Thursday Morning Spice

Stormy Daniels' Attorney Michael Avenatti Has Been Arrested On Suspicion Of Domestic Violence - Avenatti, a fixture on cable news and a frequent Trump critic, was in Los Angeles police custody as of Wednesday afternoon. In a statement, he said, "I have never been physically abusive in my life." [ buzz ] Marie Antoinette Pearl Auctioned For Record $36m - A pearl and diamond pendant that belonged to ill-fated French Queen Marie Antoinette has been sold for $36m (£28m) in what Sotheby's auction house says is a world record for a pearl.

One hospitalised after driver loses control on Harris road in Edenvale

Gauteng: At 02H28 Thursday morning Netcare 911 responded to reports of a collision on Harris road in Edenvale. Reports from the scene indicate that the driver of a light motor vehicle lost while making a u-turn. One adult male sustained MI or injuries in the collision.

Music his idol

The title of South African Idol is up for grabs, and 23-year-old Thato Ashley Makape is gunning for it with all his might. After not making it through at the Durban auditions, Makape decided to travel from the Boitchoko Location in Postmasburg, his home town, to audition for the second time in Cape Town. There he was awarded with three "yesses" from the judges, and was included in the top 16.

UK Stocks-Factors to watch on Nov 15

Nov 15 (Reuters) - Britain's FTSE 100 index is seen opening 28 points lower at 7,006 on Thursday, according to financial bookmakers. * VODAFONE: Vodafone may replicate elements of its British mobile towers joint venture in other markets but not necessarily to the extent of sharing radio equipment in major cities, its chief executive said on Wednesday. * GOLD: Gold prices held steady on Thursday, after rising nearly a percent in the previous session, as the dollar retreated further from a 16-month peak against a basket of currencies.

Thursday promises to be a busy day, with a deluge of ...

Investec, Sappi, Mediclinic and Oceana are among the companies scheduled to release results Thursday is a busy day for JSE watchers, with results expected from Investec, Sappi, Mediclinic and Oceana. It is also a relatively busy day on the economics front, with Stats SA scheduled to release three more pieces to the third-quarter GDP puzzle. Stats SA will release September's wholesale figures at 10am, motor trade sales at 11.

We tried the new white Amarula vanilla flavour - and two things surprised us

The new flavour Amarula launched in October, Amarula Vanilla Spice ("cream liqueur with Marula fruit, Madagascan vanilla & African ginger", to use the full title) is slowly making its way onto bottle-store shelves around South Africa. Amarula has teased other new flavours, describing Vanilla Spice as "the first of a series of extensions". This, its first foray, is not particularly bold or controversial.

Former ANC Shell House HQ converted into low-cost residential development

Paragon Architects South Africa (PASA), part of the Paragon Group of architecture and interior architecture companies, earlier this year completed the conversion of the former ANC Shell House headquarters in Joburg into a 563-unit affordable residential development for client HCI Properties, part of Hosken Consolidated Investments (HCI). Managed on behalf of HCI Properties by Mafadi Property Management, the property is currently 95% let. "The reason why such a high occupancy rate was achieved in as little as six months is because the project responds to a real need in the inner city for affordable accommodation," PASA director Thulani Sibande comments.

BAT gets smoked on JSE over menthol

Shares in the tobacco multinational are now at a multiyear low, reflecting fears about the impact of new rules The potential ban of menthol cigarettes in the US pulverised the share price of British American Tobacco (BAT) this week. On the JSE, BAT's share price haemorrhaged 11.3% on Monday — wiping R174bn off the market value of SA's largest listed company, after AB InBev.

China plumbs ocean depths to extend its cobalt lead

LONDON - China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific. The cobalt-rich crusts could one day curb the world's dependence on cobalt from Democratic Republic of Congo, but most companies say deep sea mining is a distant prospect. Maersk Supply Service, part of shipping company Maersk, is working with Canada's DeepGreen to harvest metallic rocks from the ocean floor.

BONANG MOHALE: Ethical business is needed to unlock SA's economic potential

Painful lessons about corporate governance in the public and private sectors have been learned in the decade since the onset of state capture In the decade since the onset of the phenomenon of state capture in SA we have learned some painful lessons about corporate governance in both the public and private sectors. These are not unique to SA, or to state-owned enterprises (SOEs) in developing countries generally. For well more than a generation, the trend in public administration and business in developed countries has been to subvert systems of good governance and accountability.

How to Survive the first three years in business- TIPS

SURVIVING THE FIRST THREE YEARS IN BUSINESS - TIPS Johannesburg 14 November 2018 There are many components to entrepreneurial success, but common to all successful entrepreneurs is a passion to improve what currently exists, the skill to implement the business idea, and not least, a tireless commitment to working towards the vision. "You'll find that money is never the real driver of those who make it, but is rather the result of a passion to see their idea making a real impact on the world," says Jenny Retief, CEO of Riversands Incubation Hub, the large-scale business incubator north of Sandton. Riversands is in its fourth year, reporting an impressive cumulative turnover of just over half a billion Rand generated by the entrepreneurs on its programme.

PE Business News: Nelson Mandela Bay Giants: Team, squad, captain, fixtures, coach and home ground pitch report

PE : Nelson Mandela Bay Giants: Team, squad, captain, fixtures, coach and home ground pitch report : Promote your business on BuyPE and MyPR. Nelson Mandela Bay Giants: Team, squad, captain, fixtures, coach and home ground pitch report: The Port Elizabeth-based team did some smart business in the draft, picking up several key Knights players with the Knowledge that Bloemfontein was not chosen as one of the host cities. Ryan McLaren w… […] - MyPE News Submit and get free press releases here: MyPR Free Press Release .

Local women in business take top honours

The Business Women's Association (BWA) Limpopo hosted a cocktail dinner at Uhuru Lifestyle Centre in Polokwane on Thursday, 8 November. POLOKWANE - Winners were celebrated in style as well as given an opportunity to tell their success stories to becoming successful businesswomen. "The women who will be coming onto the podium are women of substance who have worked really hard to achieve goals which they have set for themselves and in the end not only empowered themselves, but other women in general.

Amanzimtoti crime network turns up the heat on CBD business burglar

was a day of mixed fortunes for the Community Crime Prevention Organisation (CCPO). In the morning they received information regarding stolen property which had been sold to a woman in Toti, after being stolen in a business break-in in the CBD area earlier in the week. "We also received information on the whereabouts of the person who committed the robbery," said committee member, George Snodey.

What businesses need to know about business continuity, disaster recovery

The smallest disruption to a business can have a long-lasting impact, from interrupted production to lost customers. It's critical that businesses have a business continuity plan in place to not only minimise the impact and recover from any incident which can negatively impact operations, but also to minimise the duration of any interruption and continue with business as usual - wherever possible. Mike Rees is territory account manager for South Africa, Commvault.

‘Companies Grow to the Level of the Leader', and Other Powerful Advice from a Life and Business Strategist

Helping entrepreneurs meet their goals has been business and life strategist, Sandras Phiri's business. Not only is he the director of the Cape Town chapter of Startup Grind, a global community of entrepreneurs, he is also CEO and founder of Africa Trust Academy, a productivity and high performance consulting company. The Cape Town-based entrepreneur and businessman is an award-winning entrepreneur, leadership expert and international speaker has been named one of the 15 tech people to follow in 2018.

Leave Musina's lights on, business warns Eskom

Sakeliga's CEO Piet le Roux said the organisation could not allow paying electricity users' power supply to be cut because a local municipality didn t pay..

Leave Musina's lights on, business warns Eskom

Business organisation Sakeliga will tackle Eskom in the High Court in Pretoria next week to stop the intended interruption of the electricity supply to Musina in Limpopo because the municipality failed to pay its outstanding account. Eskom gave notice in the local media of its intention to interrupt the electricity supply from November 19. Sakeliga's CEO Piet le Roux said the organisation could not allow paying electricity users' power supply to be cut simply because a local municipality did not pay.

BONANG MOHALE: Ethical business is needed to unlock SA's economic potential

Painful lessons about corporate governance in the public and private sectors have been learned in the decade since the onset of state capture In the decade since the onset of the phenomenon of state capture in SA we have learned some painful lessons about corporate governance in both the public and private sectors. These are not unique to SA, or to state-owned enterprises (SOEs) in developing countries generally. For well more than a generation, the trend in public administration and business in developed countries has been to subvert systems of good governance and accountability.

GLENCORE PLC - GLN - Transactions in own shares 14 November 2018

Wrap Text GLN - Transactions in own shares - 14 November 2018 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 15 November 2018 Transactions in own shares - 14 November 2018 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: 14 November 2018 Aggregate number of ordinary shares of USD 0.

Vodacom Tanzania approves sale of 26% stake to Vodacom Group

Deal will result in Vodacom Group increasing its total interest in Vodacom Tanzania from 61.6% to 75%. Shareholders in Vodacom Tanzania on Wednesday approved the sale of a 26% stake owned by Mirambo Holdings to Vodacom Group.

Has The Foschini Group cracked Australia?

Unlike Woolies, Pick n Pay and almost every other SA company, the early signs are that TFG is thriving Down Under It's not often that an SA retailer's venture into Australia pays off, but for apparel group TFG its expansion Down Under has worked out rather nicely. Though the likes of Woolworths and Pick n Pay have famously lost their way in Australia, TFG's purchase in the past financial year of the Retail Apparel Group (RAG) for R2.94bn, and of Phase Eight, Whistles and Hobbs in the UK for an undisclosed sum, is paying off handsomely.

Markets LIVE: Asian markets mixed, pound holds ground

On the brink  Prime Minister Theresa May is fighting for her political life as a growing revolt from within her own party threatens to derail her Brexit plans and force the UK out of the European Union with no deal. At least two senior ministers are said to be considering whether to quit, while scores of Conservative members of Parliament are lining up to vote against the accord that her cabinet grudgingly agreed to. There are even reports that a coordinated plot to oust May as UK leader is gathering pace.

Global stocks battered as markets face more uncertainty

New York - Another day of bad news buffeted global equities on Wednesday, sending major indices lower in Asia, Europe and New York. Wall Street attempted a rally following favorable US inflation numbers but it fizzled as markets were easily upset by a string of worrisome reports. Analysts continued to downgrade Apple, a bellwether stock for the tech sector, on fears of weak demand for iPhones.

LIVE MARKETS-Morning call: Politics continue to dominate

Welcome to the home for real time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: josephine.mason.

Asian markets mixed but traders on edge, pound holds ground

Hong Kong - Asian investors moved nervously on Thursday as they struggled in the face of multiple headwinds, while oil prices resumed their drop and the pound struggled to hold its gains. Fears about the China-US trade war, rising Federal Reserve interest rates, tensions within the European Union and slowing growth in most economies have helped drive stocks south for the past few months. And this week it has been the turn of the crude market to drive the sell-off, dragging energy firms as it dropped like a stone on slowing demand and high output, while US sanctions on major producer Iran were not as severe as expected.

ROB ROSE: The Tigon problem

A fraud case that has been dragging on for 16 years has deep implications for any prosecution at Steinhoff.

Adyen willing to take hit on fees to grab new business

Dutch payments firm Adyen is willing to take a hit on the transaction fees it charges in order to win new business, CFO Ingo Uytdehaage said on Wednesday, adding its platform model would support profit margins as volumes scale up. "Take rates have come down over time because of our volume policy - the more volume you get the lower pricing you get," Uytdehaage told the Morgan Stanley TMT Conference in Barcelona on Wednesday. Once clients are up and running, however, the cost of each additional transaction "is basically zero", he said.

PRESS DIGEST- British Business - Nov 15

Nov 15 (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 Britain's department stores suffered another battering yesterday as Sports Direct announced the closure of four more House of Fraser stores while shares in Debenhams Plc slumped by more than a fifth amid fresh fears for the company's future.

GLOBAL MARKETS-Asia edges up as oil slide slows; pound, euro firm on Brexit optimism

* MSCI Asia-Pacific index up 0.15 pct * Pound, euro firm after PM May gains cabinet backing for Brexit * Oil prices still wobbly but sharp slide slows for now By Shinichi Saoshiro TOKYO, Nov 15 (Reuters) - Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.

Famous South African role models

Who do you look up to in life? Is it a celebrity, famous athlete, top politician, a spiritual leader, entrepreneur? Or is it someone in your family like your parent, sibling, or leader in your community? A role model is an individual whose behavior, achievements, or example is or can be used as a source of inspiration by others, particularly by the younger generation. There are many South African role models in each and every sector of the economy that we hold in high esteem and would like to be like them. Even though there are several role models in South Africa who are worth of recognition, we can only explore a few of them in this article.

West African property markets show slow momentum

Real estate consulting firm, JLL has released its 2018 City Reports for Lagos and Accra, which offer a concise overview of current developments in the local office, retail, hotel and industrial sectors. With wavering economic conditions, the analysis offers several interesting points and trends to note regarding local investment markets, vacancies and rental growth. Zandile Makhoba, Head of Research for Sub-Saharan Africa JLL confirms that the various sectors (within the Nigerian real estate environment) has seen minimal growth in 2018, with rental rates for both retail and office space hovering around the same levels as last year.

Draft Brexit deal ends Britain's easy access to EU financial markets

* UK and EU reach deal on financial services* The agreement will only cover some basic activities* Deal's conditions are appalling: UK consultant (Adds details, lawyer comment)By Andrew MacAskill and Huw JonesLONDON, Nov 14 (Reuters) - The United Kingdom and the European Union have agreed a deal that will give London's vast financial centre only a basic level of access to the bloc's markets after Brexit.The agreement will be based on the EU's existing system of financial market access known as equivalence - a watered-down relationship that officials in Brussels have said all along is the best arrangement that Britain can expect.The EU grants equivalence to many countries and has so far not agreed to Britain's demands for major concessions such as offering broader access and safeguards on withdrawing access, neither of which is mentioned in the draft deal.

Sirius completes disposal of Bremen Hag Business Park

Sirius Real Estate has completed the sale of its Bremen Hag Business Park for €3.8 million. The listed REIT has notarised the sale of its Bremen Dötlinger-Strasse Business Park for €6.

Manafort business partner Gates still assisting with Mueller probe -filing

WASHINGTON (Reuters) - Rick Gates, a former business partner of President Donald Trump's ex-campaign chairman Paul Manafort, is still cooperating with several ongoing investigations into Russian interference in the 2016 election, according to a court filing on Wednesday. FILE PHOTO:Paul Manafort (R), campaign manager to Republican presidential candidate Donald Trump, and his assistant Rick Gates (L) walk through the halls of the Republican National Convention in Cleveland, Ohio, U.S.

Paulson & Co keeps stake in gold investments during Q3 -filing

(Recasts lead paragraph, adds Soros investments)By Renita D. YoungNEW YORK, Nov 14 (Reuters) - Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp remained unexposed to the metal.New York-based Paulson & Co maintained its stake as spot gold prices declined more than 5 percent, with investors continuing to favor the U.

Evolving tactic against investment dogs

Assessing good-stewardship traits can filter out the worst excesses of management. Investors are waking up to the fact that paying attention to the environmental, social and governance (ESG) habits of listed companies pays more than just social dividends. It turns out that companies with high ESG scores outperformed their lower ranked counterparts by three percentage points a year, according to research done by Bank of America Merrill Lynch on companies listed on the S&P 500 between 2005 and 2017.

UPDATE 2-Paulson & Co keeps stake in gold investments during Q3 -filing

(Recasts lead paragraph, adds Soros investments) By Renita D. Young NEW YORK, Nov 14 (Reuters) - Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp remained unexposed to the metal. New York-based Paulson & Co maintained its stake as spot gold prices declined more than 5 percent, with investors continuing to favor the U.

From mkhukhu to sports fields: How execs aim to fix things in SA's schools

They call it mkhukhu . This translates to a shack but it's not the kind you find in many informal settlements in the country. It's a parking lot-like shelter built more than a decade ago by Fordsburg Primary School in Fordsburg, less than 3km from the Johannesburg CBD.

Lonmin's Biggest Union Wants Sibanye Deal Stopped Over Jobs

By Felix Njini, Bloomberg The Association of Mineworkers and Construction Union (AMCU) has asked antitrust authorities to stop Sibanye Gold's  purchase of the struggling platinum miner should the new company intend to press ahead with more than 10 000 job cuts. Lonmin has proposed 12 459 job cuts at mines that will run out of commercial deposits in the next three years. That's an "inflated" target, AMCU told the Competition Tribunal, which is hearing public comments on the deal.

Joburg based insurance platform Franc Group wins 2018 Seedstars SA finals

Johannesburg based self-insurance platform  Franc Group  was earlier this evening (14 November) crowned the winner of the 2018 Seedstars SA finals. The startup — which earlier this month won the Seedstars Johannesburg pitch event — came first ahead of property tech startup HouseMe  which was placed second and peer-to-peer storage and parking platform Sxuirell  which was placed third. Seven startups in all pitched.

Oil rebounds after plunge, world stock markets fall for fifth day

* Oil rises as OPEC, partners discuss supply cut* Wall Street loses gains, European shares hit two-week low* Euro, pound rise as traders eye Brexit, Italy* U.S. yields turn lower as Wall Street falls (Updates with afternoon U.

UK business breathes sigh of relief at draft Brexit deal

British businesses breathed a sigh of relief after the cabinet on Wednesday gave its backing to a draft Brexit deal that still faces numerous hurdles in Brussels and London. by Patrice NOVOTNY The pound rose to around $1.3016 after Prime Minister Theresa May announced she had received the backing of her ministers, compared to $1.

AFRICA: Burundi revokes licence for Kenyan flight which has no business class

BURUNDI CANCELS NEW FLIGHT ROUTE TO KENYA BECAUSE THERE'S NO BUSINESS CLASS ON BOARD THE INDEPENDENT UK - A new flight between Bujumbura, Burundi and Nairobi, Kenya has been cancelled by the Burundi government because there is no business class on board the airline's aircraft. Jambojet, a low-cost subsidiary of flag carrier Kenya Airways, was due to start flying the route between the two African capitals on Wednesday 7 November, having already obtained permission on 13 September. However, the Burundi government has since retracted its approval upon learning that Jambojet only operates a small fleet of Bombardier DHC8-Q400 jets, relatively small planes that have no business class section.

China plumbs ocean depths to extend its cobalt lead

* Unclear how big reserves are or when they can be mined * Glencore holds small stake in ocean explorer DeepGreen * Anglo American sold stake in Nautilus * Environmentalists seek strict rules By Barbara Lewis LONDON, Nov 14 (Reuters) - China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific. The cobalt-rich crusts could one day curb the world's dependence on cobalt from Democratic Republic of Congo, but most companies say deep sea mining is a distant prospect. Maersk Supply Service, part of shipping company Maersk , is working with Canada's DeepGreen to harvest metallic rocks from the ocean floor.

BOOK EXTRACT: Steinheist: The inside story behind the Steinhoff scandal

The Steinhoff crash wiped more than R200-billion off the Johannesburg Stock Exchange, erased more than half the wealth of tycoon Christo Wiese and knocked the pension funds of millions of ordinary South Africans. Here is a chapter from Steinheist. What not too many people know is that Steinhoff had been itching to climb into the American mattress market for years.

Rio Tinto joins race for Teck's copper project stake - sources

LONDON - Rio Tinto is among parties making a final offer for a minority stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8-billion, two sources close to the matter said. The world's second largest mining company is eager to boost its copper assets, with the metal viewed in the industry as having one of strongest outlooks.

Ramaphosa's investment drive helps retail sales, says Spar CEO

The CEO of SA's second largest grocer by turnover says it is already seeing the positive effect of President Cyril Ramaphosa's investment drive, with sales rising after its latest set of results. Spar Group CEO Graham O'Connor said the government's effort to foster an environment that's friendlier to business is a move in the right direction and should be supported..

Vodacom Tanzania approves sale of 26 pct stake to South Africa's Vodacom Group

(Adds quotes)By Nuzulack DausenDAR ES SALAAM, Nov 14 (Reuters) - Shareholders in Vodacom Tanzania on Wednesday approved the sale of a 26 percent stake owned by Mirambo Holdings Ltd to South Africa's Vodacom Group.They approved the transaction during an extraordinary annual general meeting in Tanzania's commercial capital, Dar es Salaam."What we did today is just part of the required approval for the deal and this does not mean the deal is done, there are other authorities that need to approve it too, Ali Mufuruki, Vodacom Tanzania's chairman said.

Huawei unveils momentous Cloud service in South Africa

Huawei Vice President for Cloud Business Unit, Edward Deng by MTHULISI SIBANDA CAPE TOWN  - GLOBAL information and communications technology infrastructure, Huawei, has launched its first public Cloud service in South Africa, set to provide organisations in the continent with lower-latency, reliable and secure services once available early next year. The public Cloud data centre will be located in Johannesburg, with plans to open similar facilities in other economic strongholds including Kenya and Nigeria. Company executives and South African government officials attended the launch in Cape Town on Wednesday.

Imperial gets set for life in logistics

Imperial Holdings have finalised their separation dates, in a Stock Exchange News Services (SENS) announcement dated 14 November 2018. A logistics business will emerge as the one half, a renamed existing Imperial Holdings to Imperial Logistics. The logistics business spans the home market South Africa and the rest of the African continent, as well as a now established European business, in the "International" segment.

Creating Your Own Successful Bitcoin Business-Part 67

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

African Bank's BEE shareholders apply for leave to appeal dismissal of legal action

The case could set a precedent by enabling shareholders to sue directors and auditors African Bank's BEE shareholders have applied for leave to appeal against the Pretoria High Court's recent dismissal of its legal action against the bank's former CEO Leon Kirkinis, his fellow board members and Deloitte. The case could set legal history by enabling shareholders to sue directors and auditors. On Wednesday Desmond Lockey, chair of Hlumisa Investment Holdings, confirmed that on Friday the high court will hear an application for authority to appeal its earlier dismissal of its bid to hold the directors and auditors of African Bank, which provided loans to low-income earners, liable for R2bn of damages.

SA Wine Industry Innovation Challenge Winners Announced

Winner of the Wine Innovation Challange Photo: LaunchLab The winner of the inaugural South Africa Wine Industry Innovation Challenge is Jan Thomas and team from Ask-Jean, with a winning concept of an app which innovatively predicts your wine preferences. He was chosen by a panel of judges from 7 outstanding pitches presented at the Stellenbosch University LaunchLab on Friday, 2 November. The second place went to Torsten Babl from Ackerview, with an idea that uses data to save time and money for farmers.

Sibanye-Stillwater brings peaceful, successful wage talks season to close

SIBANYE -Stillwater today concluded a new three-year wage agreement with its major unions bringing an end to the 2018 round of talks the first began in May and also involved AngloGold Ashanti, Harmony Gold and Village Main Reef. "There are now agreements with all the companies in the bargaining forum," said chief negotiator for the Minerals Council, Motsamai Motlhamme  in a statement. " This bodes well for the gold sector for the next three years," he said.

JSE closes weaker as Tencent releases 3Q earnings

The JSE closed softer on Wednesday following a session where the index was trading mostly in the red.  The All-Share index was set for some significant volatility as Tencent Holdings released its 3rd quarter earnings earlier on. The earnings from Tencent Holdings beat analysts' expectations which resulted in Naspers reversing its losses to trade firmer on the day.

Ramaphosa's investment drive helps retail sales, says Spar CEO

Grocery group's Graham O'Connor says performance has firmed up since its financial year ended in September The CEO of SA's second largest grocer by turnover says it is already seeing the positive effect of President Cyril Ramaphosa's investment drive, with sales rising after its latest set of results. Spar Group CEO Graham O'Connor said the government's effort to foster an environment that's friendlier to business is a move in the right direction and should be supported. "Government is listening to business.

UPDATE 1-Vodacom Tanzania approves sale of 26 pct stake to South Africa's Vodacom Group

DAR ES SALAAM, Nov 14 (Reuters) - Shareholders in Vodacom Tanzania on Wednesday approved the sale of a 26 percent stake owned by Mirambo Holdings Ltd to South Africa's Vodacom Group. They approved the transaction during an extraordinary annual general meeting in Tanzania's commercial capital, Dar es Salaam. "What we did today is just part of the required approval for the deal and this does not mean the deal is done, there are other authorities that need to approve it too, Ali Mufuruki, Vodacom Tanzania's chairman said.

Man hospitalised after being exposed to smoke in car fire

Gauteng: At 17H46 Wednesday late afternoon Netcare 911 responded to reports of fire in an underground parking lot in Midrand. Reports from the scene indicate that a light motor vehicle had allegedly caught alight. Upon arrival the fire was being doused.

Discovery launches a bank - CEO, Adrian Gore explains

A new bank - Discovery Bank - has been launched today. Discovery Ltd, the medical aid and insurance company has been planning to enter the banking sector for some time. Last week Friday it sold shares in what's called an accelerated bookbuild to raise more than R1.

Old Mutual committed to empowering South African entrepreneurs

:  South African small and medium-sized enterprises (SMEs) looking to take their venture to the next level will get a chance to network with big business -such as the likes of Old Mutual - at Global Entrepreneurship Week, currently running from 12 - 16 November 2018 at the Enterprise Room in Rosebank, Johannesburg. Global Entrepreneurship Week is an annual celebration of the innovators and job creators, who launch start-ups that bring ideas to life, drive economic growth and social inclusivity. According to the Banking Association of South Africa, SMEs have been identified as productive drivers of inclusive economic growth and development in South Africa, as well as globally.

W. Africa Crude-Nigerian surplus persists, IOC picks up spot cargoes

LONDON, Nov 14 (Reuters) - A surplus of unsold Nigerian cargoes slowed spot trade to a virtual halt as offer levels were still said to be too high to draw in many buyers, although India's IOC was said to have snapped up some barrels. NIGERIA AND ANGOLA * Almost half of the Nigerian cargoes are left from the December programme, which contained an originally planned 64 cargoes, while a handful remained from the Angolan loading schedule. The January programme was expected to emerge on Thursday or Friday, traders said.

More than a quarter of booze drinking goes unrecorded. It's not a good thing

According to the World Health Organisation , about a quarter of all alcohol beverage consumption globally is unrecorded. Unrecorded alcohol is a wide category that comprises everything from the beer brewed by aficionados at home to illegal and sometimes destructive bootlegging practices. Recent studies by Euromonitor International demonstrate that in many countries, particularly emerging markets, the percentage of unrecorded alcohol can sometimes be more than half of the total alcohol market .

Seacom to buy 100% of FibreCo

Seacom said on Wednesday that it has reached an agreement to buy 100% of national open-access fibre provider FibreCo for an undisclosed sum. Speculation about an impending acquisition, which is being done through Seacom's South Africa unit, first surfaced in August. The acquisition is subject to approval by the Competition Commission.

Meet The Paarl Diamond

Proud of her rock solid educational foundation, and with a pedigree boasting old-fashioned family values and a love of horses, Paarl Diamant Estate's Monique Schabort is a relatively new generation player in the horseracing game. Monique Schabort - a proud ‘Gimmie'! Meeting the vivacious platinum blonde Mom of two, Monique Schabort, at the main house on the magnificent 300 hectare estate that transcends both sides of the R44 between Klapmuts and Wellington, a sense of warmth and salt-of-the-earth hospitality is tangible. Her Public Relations training shines through as she welcomes the SP Team in queen's English, tinged with a blemish of homegrown Paarl.

UPDATE 1-South African rand rallies, stocks keep sliding

* Rand lifted by yield chasers * Bourse slide eased by Naspers bounce (Adds latest prices, analyst quotes) JOHANNESBURG, Nov 14 (Reuters) - South Africa's rand rallied more than one percent on Wednesday after the dollar was subdued by data showing U.S. consumer prices increasing at a moderate pace, easing some concerns about the rising lending rates in the world's largest economy.

NPA top job should be free of politics - Breytenbach

DA MP says she has no doubt she can do it, but won't be able to escape the perception that she is a politician NPA top job should be free of politics - Breytenbach on why she pulled out of the race 14 November 2018 Being the National Director of Public Prosecutions (NDPP) would have been her dream job, but withdrawing from the shortlist of candidates was for the sake of keeping politics out of the office, DA MP Glynnis Breytenbach said on Wednesday. A panel assisting President Cyril Ramaphosa with the appointment of a new NDPP included Breytenbach - a former prosecutor - on a shortlist of 12 candidates vying for the post. The Pretoria Bar nominated her.

How to Survive the first three years in business- TIPS

SURVIVING THE FIRST THREE YEARS IN BUSINESS - TIPS Johannesburg 14 November 2018 There are many components to entrepreneurial success, but common to all successful entrepreneurs is a passion to improve what currently exists, the skill to implement the business idea, and not least, a tireless commitment to working towards the vision. "You'll find that money is never the real driver of those who make it, but is rather the result of a passion to see their idea making a real impact on the world," says Jenny Retief, CEO of Riversands Incubation Hub, the large-scale business incubator north of Sandton. Riversands is in its fourth year, reporting an impressive cumulative turnover of just over half a billion Rand generated by the entrepreneurs on its programme.

Vodacom Tanzania approves sale of 26 pct stake to South Africa's Vodacom Group

DAR ES SALAAM, Nov 14 (Reuters) - Vodacom Tanzania shareholders on Wednesday approved the sale of a 26 percent stake owned by Mirambo Holdings Ltd to South Africa's Vodacom Group. Shareholders approved the transaction during an extraordinary annual general meeting in Tanzania's commercial capital, Dar es Salaam. "What we did today is just part of the required approval for the deal and this does not mean the deal is done, there are other authorities that need to approve it too, Ali Mufuruki, Vodacom Tanzania's chairman said.

EOH: Harnessing the power of cloud, IoT technologies to realise smart city vision through PIMS

Imagine having the ability to control the infrastructure around you through a generic control framework for multiple Internet of Things (IoT) applications. To make this a reality, European leaders in smart city development, AccessFlow and Ziut, have contracted EOH in the Western Cape to co-develop the Public Infrastructure Management System (PIMS). PIMS enables dynamic, interactive and flexible control of mass networked IoT devices that are installed within urban infrastructure.

World: UNICEF convenes key players in sanitation markets in West Africa

Source: UN Children s Fund Country: Côte d Ivoire, Ghana, Nigeria, World Industry, Government and Development Partners Meet in Abuja to Strengthen Local Sanitation Market ABUJA, 14 November 2018 - In an effort to support 250 million people globally to abandon open defecation and 60 million to gain access to at least basic sanitation services by 2021, the United Nations Children's Fund (UNICEF) is convening industry, financial institutions, governments and development partners from the 13th to 15th November in Abuja to discuss shaping healthy sanitation markets in the West and Central Africa Region. One of the key approaches in the UNICEF global strategy for water, sanitation and hygiene is to build sustainable markets for goods and services where supply meets demand. "There is a need for governments and development partners to work in partnership with global and local businesses to ensure that appropriate solutions are available and affordable to those who need them," says UNICEF's Supply Director, Etleva Kadilli.

Business Discovery Bank is officially a reality By Thandi Skade

Discovery Bank is officially a reality Print this articl It's been three years in the making, but the highly anticipated launch of Discovery Bank took place with great fanfare on Wednesday. Discovery CEO Adrian Gore says Discovery Bank isn't just another retail bank. He describes his company's newest business offering as a "behavioural bank" - the first of its kind in the world.

UK's Sports Direct to close four more House of Fraser stores

LONDON, Nov 14 (Reuters) - Sports Direct plans to close four more House of Fraser department stores after Christmas, having failed to agree terms with landlord Intu Properties, the sportswear retailer said on Wednesday.The four stores are at Lakeside, east of London, Nottingham in central England, Norwich in eastern England and at the Metrocentre in Gateshead, northern England.Sports Direct, controlled by retail tycoon Mike Ashley, snapped up the 58-store House of Fraser for 90 million pounds ($117 million) in August after it collapsed into administration.

More House of Fraser closures announced

House of Fraser has announced four more confirmed store closures as it has failed to reach an agreement with a key landlord over rent-free/reduced rent deals.  DR The company said that 14 weeks of talks with shopping malls giant Intu did not result in a deal and it would now close its doors in Lakeside in Essex, the Metrocentre mall in Gateshead and its stores in Norwich and Nottingham. Meanwhile Intu said it was looking for new opportunities for the four locations and that the four HoF stores had been underperforming on its sites.

It's Back To School With Bidvest Waltons

Supplying the tools that empower students, Bidvest Waltons has been at the corner stone of this with heritage since 1949. Bidvest Waltons with close to 70 years is a one-stop shop for all education and work requirements. Offering the highest quality products to schools and higher education facilities.

FYI: Adult Swim and Showmax are teaming up and hitting SA shores

Johannesburg - The #1 US cable destination for millennials, Adult Swim is set to make waves with its African premiere this month . This comes after a new distribution deal between Turner and Showmax . With its epic mix of animation, stop-motion and live action comedy, audiences in South Africa will have access to an extensive catalogue of Adult Swim's weirdly wonderful, eclectic, surprising, quirky and surreal content for the first time.

Huawei Cloud to be available by year-end in South Africa

Chinese technology giant Huawei has revealed its plans to create a cloud region in South Africa. It will launch the offering commercially before the end of the year. TechCentral reported earlier this month that Huawei plans to build a data centre facility in Johannesburg to provide public cloud services, becoming the latest multinational after Microsoft and Amazon.

APO AFRICA A-List Attendees throw weight behind Africa Investment Forum 2018

Download logo Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum (AfricaInvestmentForum.com) as an unprecedented game changer for Africa. South Africa's President Cyril Ramaphosa has described the Forum, convened by the African Development Bank (www.

China to cut W. African oil imports in November, S Korea imports surge

* W. African crude exports to Asia https://tmsnrt.rs/2MNuxkU LONDON, Nov 13 (Reuters) - China will cut imports of West African oil to the lowest in seven months in November due to the higher cost of shipments, while South Korean imports from West Africa will reach to an 11-year high as U.

It's Back To School With Bidvest Waltons

Supplying the tools that empower students, Bidvest Waltons has been at the corner stone of this with heritage since 1949. Bidvest Waltons with close to 70 years is a one-stop shop for all education and work requirements. Offering the highest quality products to schools and higher education facilities.

Six steps to achieve Zero Harm

After two fatality free years, Kumba Iron Ore believes that Zero Harm is achievable, but the change in mindset needs to start at the top, with a relentless focus on managing catastrophic and fatal risks. Philip Fourie, executive head of safety and sustainable development, Kumba Iron Ore"By addressing the leading indicators for fatal accidents, they will be automatically eliminated. We know the fatal risks facing us, and we need to manage them properly," said Philip Fourie, executive head of safety and sustainable development, Kumba Iron Ore.

Shop online with your head - and not your heart - this sale season

RETAILERS around the country are preparing for the official start to the shopping festive shopping season - which starts tomorrow with Black Friday, and peaks in an online frenzy on Cyber Monday (26 November).South Africa is the latest country to follow these two shopping crazes, and while there are some great deals to be found, consumers need to watch their spending, especially in the current economy where downsizing and restructuring is leading to financial uncertainty. When shopping, knowledge is power Rita Cool, Financial Planner at Alexander Forbes says there are a number of ways to ensure that you remain a responsible shopper.

Kumba champions ‘zero-harm' approach for mining industry

The mining industry's efforts to achieve zero harm are achievable, but this will need a fundamental change in mindset from mine leadership that includes a relentless focus on managing catastrophic and fatal risks, says Kumba Iron Ore safety and sustainable development executive head Philip Fourie. "By addressing the leading indicators for fatal accidents, they will be automatically eliminated. We know the fatal risks facing us, and we need to manage them properly," he said in a statement published on Wednesday.

Tencent finally gives its battle-weary investors some relief

Tencent beat earnings expectations thanks to ads and a whopping one-time gain, buying it time to find an answer for its plateauing core gaming business. The social media titan posted net income of ¥23.3bn ($3.

Under Zuma and ANC friends, a staggering R400bn has left SA

EDINBURGH — The ANC ejected Jacob Zuma from his seat after years of misrule, but the damage the corrupt president left behind is immense. As investment strategist Magnus Heystek and his team at Brenthurst Wealth Management note, a staggering R400bn has left South Africa's bond and stock market since the start of Zuma's ruinous reign. Although Cyril Ramaphosa has been making more positive noises in his role as president, the money has continued to drain out of South Africa.

China to cut W. African oil imports in November, S Korea imports surge

* W. African crude exports to Asia tmsnrt.rs/2MNuxkU By Amanda Cooper LONDON, Nov 13 (Reuters) - China will cut imports of West African oil to the lowest in seven months in November due to the higher cost of shipments, while South Korean imports from West Africa will reach to an 11-year high as U.

Makro branch adds drive-thru service to stem #BlackFriday chaos

JOHANNESBURG - Black Friday for South Africans in the past years has not always been a breeze, with online shopping websites crashing, dealing with long ques at stores and when you eventually manage to get into some stores, you find out the product you wanted to purchase is sold out. Massmart's popular retailer, Makro has taken all this into consideration and hopes to calm the Black Friday craze for scrambling South Africans looking for a deal this year.  "Year-on-year Makro constantly aims to improve our customers' shopping experience because we know what Black Friday comes with and we have the solution for their Black Friday shopping.

Altron's NuPay mobile payment app simplifies business on the go

NuPay, a division of JSE-listed Altron, has launched NuPayGO, a cost-effective payment solution to accept real-time debit and credit card payments anywhere and anytime. "One of Altron's social strategic pillars is to deliver financial inclusion products and solutions in a cost effective, responsible and sustainable manner," said Johan Gellatly, Managing Director: Altron Bytes Secure Transaction Solutions. NuPayGO is a mobile phone application linked to a hand-held card acceptance device.

Five Ways To Stay In Control Of Selling Your Business

Even when you are ready to sell your own business, you need to maximise your benefit by keeping control of the sale process. Each and every one of the many hundreds of business owners that I have engaged with over the years has always identified immediately with one key business strategy - the need to have control. After all, they became entrepreneurs to have control over their own business and business ideas, to control their cash flow and the growth of their business.

NPA top job should be free of politics - Breytenbach on why she pulled out of the race

Being the National Director of Public Prosecutions (NDPP) would have been her dream job, but withdrawing from the shortlist of candidates was for the sake of keeping politics out of the office, Democratic Alliance (DA) MP Glynnis Breytenbach said on Wednesday. A panel assisting President Cyril Ramaphosa with the appointment of a new NDPP included Breytenbach - a former prosecutor - on a shortlist of 12 candidates vying for the post. The Pretoria Bar nominated her.

MTN Is Said to Close In On $800 Million Nigeria Settlement

MTN Group Ltd. is close to reaching a $800 million settlement with Nigerian authorities over a claim it illegally transferred $8.1 billion funds out of the country, according to a person familiar with the situation.

MTN Is Said to Close In On $800 Million Nigeria Settlement

MTN Group Ltd. is close to reaching a $800 million settlement with Nigerian authorities over a claim it illegally transferred $8.1 billion funds out of the country, according to a person familiar with the situation.

GRAPHIC-Global cobalt glut won't be stemmed by Glencore Congo output stoppage

* No shortage of cobalt hydroxide * Congo disruption will increase "payables" By Pratima Desai LONDON, Nov 14 (Reuters) - Disruptions to cobalt supplies in the Democratic Republic of Congo are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year. Glencore last week said its subsidiary Katanga Mining had halted cobalt exports from the Kamoto Project in DRC while it builds a facility to remove uranium. Prices of cobalt metal, at around $55,000 a tonne, have barely moved since the announcement on Nov.

VBS Mutual Bank ‘used to loot'

The mutual-bank model is not the problem - Cas Coovadia. Content hosted by iono.fm NOMPU SIZIBA: The North Gauteng High Court ordered the final liquidation of VBS Mutual Bank today [Tuesday].

MTN pins hopes on resolving its $10bn Nigerian dispute

JOHANNESBURG — Mobile network MTN isn't walking away from its Nigerian operation anytime soon and if anything, it's looking to expand its services in that country. This is the message from the company's Group CEO Rob Shuter who is hoping that authorities in Nigeria will seek an out-of-court settlement regarding a $10.1bn transfer dispute.

Pioneer foods plunges 10% ahead of release of results

JSE-listed food producers continue to face pressure from a weak rand, rising fuel costs and subdued economic environment The share price of consumer staples group Pioneer Foods dropped as much as 10% on Wednesday, bringing its yearly loss to almost 50% ahead of the release of its results on Monday. At 1pm, Pioneer had pared losses and was down 5.83% to R77, with other JSE-listed food producers likewise under strain.

Naspers rises on Tencent's better-than-expected results

Tencent bucks a trend of recent let-downs, as a slowdown dampens the outlook for China's largest corporations, and is said to be belt-tightening Hong Kong — Naspers gained 4.2% to R2,708.98 on Wednesday after its 31%-owned associate Tencent released better-than-expected results.

No Brexit deal boost for FTSE 100 as oil, miners drag

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.5 pct* Brexit deal still has to pass through some hoops* Smiths Group rises on healthcare spin-off plan* Debenhams tumbles on report of suppliers turning awayBy Helen ReidLONDON, Nov 14 (Reuters) - Britain's top stock index sank on Wednesday as mining companies and oil majors sold off amid growing anxiety that global growth was slowing.The FTSE 100 fell 0.

NPA top job should be free of politics - Breytenbach on why she pulled out of the race

Being the National Director of Public Prosecutions (NDPP) would have been her dream job, but withdrawing from the shortlist of candidates was for the sake of keeping politics out of the office, DA MP Glynnis Breytenbach said on Wednesday. A panel assisting President Cyril Ramaphosa with the appointment of a new NDPP included Breytenbach - a former prosecutor - on a shortlist of 12 candidates vying for the post. The Pretoria Bar nominated her.

Local women operate SAB production line

THE South African Brewery (SAB) and AB InBev Africa have invested R438 million in a brand new production line operated predominantly by local women. The new line has created employment for 14 local people, mostly women, who operate the line over several shifts. Another 40 people are expected to be employed when the line operates at its full capacity.

Bots to mind your business

From Public Service to the Private Sector, everyone stands to benefit from bots, says RIAAN BEKKER, Force Solutions Manager at thryve. Every day billions of us talk to each other on IM channels such as Whatsapp and Facebook Messenger. We have an expectation for immediate answers and easy access to information, be it business operating times or where our couriered package is right now.

Battle to keep the lights on: Business organisation takes Eskom to court

The business organisation Sakeliga and Eskom will see each other in court on 20 November in connection with electricity interruptions in local communities. With this legal action, Sakeliga intends laying down principles to prevent Eskom from interrupting the electricity supply of paying electricity users of municipalities simply because such municipalities' accounts are in arrears with Eskom. In the present action, the fourth this year, Sakeliga resumes its legal action against Eskom in Musina, after the Musina Local Municipality once again failed to make the necessary payments to Eskom.

Business South Africa's 10 hardest jobs to fill By Kibo Ngowi

South Africa's 10 hardest jobs to fill Print this articl A global survey of nearly 40 000 employers has identified the toughest positions to find talent for in SA. Staffing firm the ManpowerGroup recently released its Talent Shortage report for 2018, with data collected from nearly 40 000 employers across six industry sectors in 43 countries and territories. The report reveals that in South Africa large companies (250+ employees) have the most difficulty filling positions; followed by medium (50-249 employees), micro (less than 10 employees) and small (10-49 employees) companies.

Britain's SSE to consolidate renewables business as profits dive

* Adjusted pre-tax profit down 40.9 pct* Renewables to form new company* Losses widen at retail division* Confirms expected full-year dividend (Updates with details, share price, analyst comment)By Susanna TwidaleNov 14 (Reuters) - British energy supplier SSE Plc plans to create a new company that will include its renewable energy assets in the UK and Ireland in order to improve transparency and help it raise investment, it said on Wednesday.The move comes as SSE reported a 41 percent slump in adjusted pre-tax profit, as losses widened at its energy supply business.

Minister Kubayi-Ngubane attends business innovation - Wednesday, 14 November 2018 13:22

The Minister of Science and Technology, Mmamoloko Kubayi-Ngubane, will make a speech at the Technology Top 100 awards ceremony in Johannesburg this evening.   The TT100 awards showcase innovation and technological prowess in small, medium and large enterprises.   The Department of Science and Technology (DST) is the main sponsor of the Da Vinci Institute of Technology Management initiative.

Four caught robbing Silverton business

The men were found with R40 000 cash. Four men appeared in the Pretoria Magistrate's court on Monday in connection with a business robbery. The men were allegedly caught in the act robbing the business in Silverton on Saturday.

California's biggest THC delivery service is getting into the $600 million CBD business

Over the past four years Eaze, a San Francisco-based tech platform for on-demand cannabis, has delivered some 4 million packages containing cannabis-enhanced edibles, tinctures, topicals, and vaporizers—not to mention cannabis flowers themselves—to more than 350,000 customers throughout California. Most of these products were purchased for their ability to deliver THC, or tetrahydrocannabinol, the chemical compound naturally found in cannabis that creates the psychosomatic effect expected of marijuana products. But now, a different compound in marijuana is starting upstage THC.

EMERGING MARKETS-Mexican peso gains; Brazil stocks decline

Nov 14 (Reuters) - The Mexican and Chilean pesos rose against a steady dollar on Wednesday, while Brazil's real firmed slightly, recovering from earlier losses. The real was 0.1 percent firmer, after having declined earlier in the session.

GLOBAL MARKETS-Oil finds floor, stocks ease, sterling braces for wild swings

(Adds details, updates prices) * European shares hit two-week low but pare some losses * German, Japanese economies contract in Q3 * US crude bounces after longest losing streak in decades * Sterling volatility jumps to highest since 2017 election * Italy budget woes put euro, Italian debt under pressure * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh By Danilo Masoni MILAN, Nov 14 (Reuters) - Oil prices bounced from multi-month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth, while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal. European shares hit a two-week low after data showed the German economy contracted for the first time since 2015, tracking similar losses in Asia where data in Japan and China underscored worries about weaker growth.

INSIGHT-U.S. farmers scramble to contain trade-war damage, find new markets

ADDIEVILLE, Ill., Nov 14(Reuters) - Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. Inside a nearby seed barn, they made their pitch to eight Sri Lankan government officials: Please buy our soybeans.

Weekday to add stores in key Nordic markets in 2019

H&M may have seen some challenges in recent periods as far as driving sales growth in its physical stores is concerned, but the fashion retail giant remains committed to store expansion and its smaller brands are seeing plenty of activity on this front. Weekday Youth-focused Weekday and Monki still have lots of expansion potential and on Wednesday the company said that it will open several new stores for Weekday next year. In spring 2019 it will open a new store in Lagunen Storsenter, one of Norway's largest shopping centres.

How AI-powered chatbots are unlocking business value today

Chatbots can streamline engagement between consumers and brands for a better customer service experience Since the term AI was first coined by cognitive scientist Richard McCarthy and his team in preparation for the 1956 Dartmouth AI Conference, machines that show human-like intelligence have been the holy grail of the artificial intelligence field. AI has certainly endured some rough times; falling well short of the hype popularised by media in addition to the unrealistic expectations that were created and not met by the reality of AI's narrow capabilities. Along with the underestimation of AI project costs, this all contributed to busts and disappointments in the field.

Nations League gets to the business end

World Cup winners France, Eden Hazard s Belgium and a fast-improving Netherlands under Ronald Koeman could all book places in the finals of the Nations League in matches between Thursday and Tuesday..

Nations League gets to the business end

The competition, UEFA's bid to move away from meaningless friendly matches, has divided opinion in its inaugural season. The strongest sides will qualify for the finals next June, but all 16 group winners will get a place in the Euro 2020 qualification playoffs. However, if those nations have already qualified for Euro 2020 through normal qualifying, the best-ranked team from a lower group will be drafted in.

UGANDA: Why do a business plan?

Because it is common sense??, Before you put $8,000 into cage fish business, how much have you read about it? Cost / Profit Analysis. Risks. Alternative businesses for the same money or less.

Business Could this be a better way to conduct performance reviews? By Thandi Skade

Could this be a better way to conduct performance reviews? Print this articl New research suggests that the traditional annual performance review model is "outdated" and that it's time to adopt a new system. New research conducted by consultancy firm The Human Edge, has found that millennials - which will make up 50% of the world's workforce in less than two years - think the traditional performance review that happens once or twice a year (if you're lucky) is a waste of time. Instead, millennials say they would benefit more from continuous engagement with their managers throughout the year as opposed to an annual assessment.

Workers kill business owner's pet parrot during plastics industry strike

"He was the most beautiful Macaw parrot." These were the words of Gauteng business owner Trevor Zulberg after his pet parrot Ted, was killed during the plastics industry strike. Vandalism and acts of violence have been a hallmark of many industrial strikes in recent years, and people and property often bear the brunt of the protesters' anger.

Kremlin says closely watching energy markets volatility

MOSCOW, Nov 14 (Reuters) - Moscow is closely watching the situation on the global oil market, Kremlin spokesman Dmitry Peskov told reporters on a conference call on Wednesday. "There is certainly volatility but the market is the market," Peskov said. Oil prices lost 7 percent on Tuesday amid worries about growing supplies and faltering demand.

GLOBAL MARKETS-Oil seeks floor, stocks tumble, sterling braces for wild swings

* European shares down as much as 1.2 pct * German, Japanese economies contract in Q3 * Sterling volatility jumps to highest since 2017 election * US crude bounces after longest losing streak in decades * Italy budget woes put euro, Italian debt under pressure * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh By Danilo Masoni MILAN, Nov 14 (Reuters) - Oil struggled to find a floor and stocks tumbled on Wednesday as disappointing German GDP figures heightened worries over slowing global growth, while the pound eased off peaks as Prime Minister Theresa May faced the hard task of selling her Brexit deal.

25 of SA's best Christmas markets this festive season

Tofo's bigger Big 5 13 November 2018 Giant seabirds, 50-tonne whales, endless pods of dolphins, the ocean's rarest turtle and largest shark:... read more 10 South African hotels with incredible sea views 13 November 2018 These hotels with magnificent sea views offer the perfect escape, where you can enjoy a... read more 6 train trips not to miss in South Africa 13 November 2018 Skip traffic and driver fatigue by enjoying our country's beautiful landscapes through the windows of.

Weak markets force Alibaba-backed Babytree to cut size of HK IPO

By Julie Zhu and Julia FiorettiHONG KONG, Nov 14 (Reuters) - Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million on Wednesday, far below what the Chinese company had hoped to raise, as weak markets force firms to scale back their funding ambitions.Babytree plans to sell about 250 million shares, or 15 percent of its enlarged share capital, at a price range of HK$6.80-HK$8.

Portfolio Watch EP 25: Global equity markets outlook

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EMERGING MARKETS-Emerging stocks falter on growth concerns, FX lifts

* India's rupee rallied to a near two-month high * China data fuels fears of slowing global growth * Dollar, euro steady with eyes on Brexit deal By Agamoni Ghosh Nov 14 (Reuters) - Plunging oil prices and a weaker dollar lifted most emerging currencies on Wednesday but failed to boost emerging shares weighed down by Chinese growth concerns. The emerging currency index firmed with the extended oil slide boosting currencies of big energy importers such as India , Turkey, Indonesia and the Philippines. The rupee rallied to a near two-month high.

Condolences to family of Sibanye-Stillwater employee

Parliament's Portfolio Committee on Mineral Resources on Wednesday sent its condolences to the family of a chief safety officer at Sibanye-Stillwater mine in Welkom, Free State. Shai Mikia Mophapi, who was a chief safety officer at the mine, was shot while sitting inside his car at the parking lot of Commando Shopping Centre in Welkom on Saturday. The video of the incident -- where two men are seen approaching Mophapi, who was sitting in a blue Volkswagen hatch, and fired several shots at him before driving off in the vehicle -- was shared on social media.

MTN shares rise on report that Nigeria could reduce $10.1 bln fine

A general view shows MTN head office in Lagos JOHANNESBURG (Reuters) - Shares in South Africa's MTN Group rose 2.6 percent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding from the telecoms company in a dispute.

MTN said to be close to $800-million Nigeria settlement

MTN Group is close to agreeing an US$800-million settlement with Nigerian authorities over a claim it illegally transferred $8.1-billion funds out of the country, according to a person familiar with the situation. A deal hasn't been signed and could yet fall through, said the person, who asked not to be identified as the talks are ongoing.

2019 Gold Cup line-up confirmed

The final line-up for the 2019 Gold Cup has been confirmed following a nailbiting conclusion to the domestic club season in the Boland town of Worcester on Saturday. An intercept try deep into injury time gave Onelogix United Bulk Worcester Villagers a 36-29 win over defending champions Roses United in the Boland Grand Challenge final, held in front of an estimated 12,000 fans at one of the country's most iconic and historic venues, Esselen Park. Villagers' victory brought the curtain down on one of the longest club seasons on record, with both the Boland and Western Province leagues, at one stage threatened with cancellation, only kicking off in June due to the drought that devastated the Western Cape.

SAB, AB InBev launch alcohol-free snack

South African Breweries and AB InBev are piloting a savoury grain snack made from locally grown grain, the proceeds of whose sale will be used to help develop emerging farmers and support community development initiatives, the companies said. Castle Lager Better Bites is available for purchase at five tavern outlets in Soweto and another four liquor outlets between Johannesburg and Pretoria. The concept for the snack came about after AB InBev identified challenges faced by emerging farmers in establishing viable, sustainable and successful farming practices.

Things to consider before jumping into global diversification

Quaniet Richards, Head of Institutional, Nedgroup Investments With the changes to Regulation 28, many retirement fund trustees are keen to increase their exposure to other markets. However, it is crucial that trustees have a granular understanding of their current exposure before making any decisions. This is according to Quaniet Richards, Head of Institutional at Nedgroup Investments , who says while diversifying into Africa and into Emerging Markets is certainly a good diversifier, there is a lack of understanding of the risks of investing in Africa and the existing exposure to Africa through the listed South African investments.

Via Outlets announces Europe expansion

Via Outlets has announced the extension of a number of its properties in Sweden, Spain and Poland as part of its European remodelling programme. Via Outlets is spending heavily to upgrade three of its outlet centres The company is to spend €29 million on adding to the outlets as it continues the fast expansion seen since it was set up in 2014. It has started work on the extension of its Hede Fashion Outlet in Gothenburg, Western Sweden and will add an additional 2,700 sq m to the centre, bringing the total to 19,000 sq m.

De Beers price cuts indicate hard times for ugly diamonds

Nasty, and now cheap, lower-quality diamonds have been having a tough time of late, because there are just too many of them De Beers has been forced to make big cuts in what it asks customers to pay for the worst diamonds it sells. It's the latest sign the industry's cheapest goods are increasingly unloved. The industry produces about 15,000 different categories of diamonds, ranging from giant flawless gems that sell for millions of dollars to fragments worth just a handful.

MTN's $20 ‘smart feature phone' runs KaiOS. What is that?

South Africa's MTN Group and France's Orange announced this week that they will bring "smart feature phones" to Africa costing as little as US$20 (about R290). The phones, which offer limited smartphone-type functionality, will run an operating system called KaiOS — but what is that? MTN said it is working with China Mobile Communications Group, Unisoc and KaiOS Technologies to attempt to bridge the gap between basic "dumb" phones and smartphones, which are often too expensive for consumers in Africa. The idea is to use the cheap 3G devices to get more people consuming data instead of using their phones for voice calls and sending SMSes only.

European businesses help lift South Africa's SPAR FY earnings

The logo of Austrian supermarket chain Spar is seen behind a traffic sign at a shop in Vienna JOHANNESBURG (Reuters) - South African retailer and wholesaler SPAR Group Ltd reported on Wednesday a 1.4 percent increase in full-year headline earnings, boosted by improving contributions from its European businesses. SPAR, a grocery chain which also sells building materials and medicine in Southern Africa, said headline earnings per share rose to 965.

MTN shares rise on report that Nigeria could reduce $10.1 bln fine

. REUTERS/Afolabi Sotunde JOHANNESBURG (Reuters) - Shares in South Africa's MTN Group rose 2.6 percent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding from the telecoms company in a dispute.

#Africacom2018: Changing the telco strategy for 4IR

In a panel discussion on the opening day of the 21st edition of AfricaCom, currently taking place in Cape Town at the Cape Town International Convention Centre, it was evident that in order for Africa to leap into the Fourth Industrial Revolution, telco companies must re-calibrate their strategy. Moderated by De Wet Bisschoff, managing director for communications, media and technology, South Africa at Accenture, the panel addressed topics including new business models for a new era of communications, the value of digital transformation, developing and implementing a growth strategy around data and digital. Panellists included Nicolas Blixell, vice president: the Middle East and Africa for Ericsson; Mohamed Dabbour, CEO: Africa at Millicom; Hind Elbashir, Group Chief Strategy Officer at Sudatel; Nic Rudick, CEO of Liquid Telecom and Rob Shuter, group president and CEO of MTN.

Joburg to host DISCOP markets

DISCOP markets bring together producers and buyers from across the continent and abroad, facilitating international co-production deals. DISCOP CEO, Patrick Zuchowicki joins CNBC Africa to unpack this further. https://www.

Moonlight Markets & Children's Theatre

Click here to return to the main page for " Bryanston Organic & Natural Market ". Markets Markets Bryanston Organic & Natural Market Shop, make candles and sand art, eat delicious freshly made food, enjoy the outdoors. Great entertainment and craft activities including candle dipping and pottery painting.

Markets LIVE: Asian energy firms take a beating, rand stable in early trade

Rand stable in early trade  The rand traded in a tight 10c range throughout Tuesday as a quiet global landscape protected it against too much volatility, while trading in the unit remains fairly stable at R14.44/$ this morning. Turning towards the economic calendar, South Africa is due to release retail sales today.

Energy firms dive in Asia after oil slump, broader markets slip

Hong Kong - Asian energy firms took another battering on Wednesday after oil prices suffered their worst day in three years, while the region's equity markets fell into negative territory. The pound enjoyed some support after Britain and the EU said they had reached a draft Brexit deal, though observers were cautious as it faces a number of hurdles before being given the green light. Both main crude contracts plunged on Tuesday - Brent lost 6.

US markets are getting very jumpy and that's a bad sign

It's shaping up to be a volatile week on US markets this week. On Monday, the Dow fell 600 points and on Tuesday, it seemed to be trying to recover. This article is exclusive to Biznews Premium.

Oil markets struggle to find footing after 7 pct slump

* Oil prices fell by 7 percent the previous day* Crude has lost a quarter of its value since early October* Jump in supply comes as demand outlook weakens* Top-3 oil producers see output surge: https://tmsnrt.rs/2Rua0R8By Henning GloysteinSINGAPORE, Nov 14 (Reuters) - Oil markets remained on a weak footing on Wednesday after a 7 percent slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices.U.

CSquared Appoints Ex-Vodacom Exec As CEO for African Fibre Business

Lanre Kolade - BizNis Africa Pan-African broadband provider CSquared has appointed Lanre Kolade as its CEO. CSquared is a broadband infrastructure company headquartered in Nairobi, Kenya. It provides services to mobile operators, ISPs and service providers in Ghana, Uganda and Liberia with high quality, high speed, reliable connectivity.

Oracle honours partners for cloud business transformation

Oracle yesterday hosted its Oracle Partner Executive Forum, which takes place in six countries across the continent, as far afield as Senegal through to Kenya, throughout November. The Oracle PartnerNetwork (OPN) event provides Oracle's premier solution partners with an opportunity to share insights, experiences and gain a fresh perspective on moving their businesses, and those of their customers, forward. "Partners are critical to our strategy and we continue to look for ways to build their offerings and capabilities.

The evolution of business communication from fax to email to - What now?

Love them or hate them, emails are still considered the primary method of communication for most organisations. However, businesses are under increasing pressure to respond quickly to customer demands, spurring the need for faster internal communications, too. Email, while convenient for record keeping, simply isn't offering the convenience, efficiency or even correspondence chronology that businesses require to effectively respond to their market fast enough.

Business rescue or liquidation: When to choose which

Business rescue if successful, can save the business. A recent trend that has emerged in South African businesses shutting their doors is to opt for the path of business rescue, as opposed to liquidation. While many believe that a business rescue process is only implemented to stall a liquidation, thereby also frustrating the creditors of a company, this is not the case.

#FLS2018: The big business opportunity of franchising

Over three-quarters of franchisee owners are optimistic about the future. This optimism is translated into the growth of franchises' contribution to the GDP of South Africa - growing from 9% in 2014 to 15% today. ©Marina Putilova via 123RFToday South Africa has 865 franchise systems, with 45,011 outlets, with an average turnover of R721 million.

The best voice products for your business to save you money

Connection Telecom is offering South African businesses the latest voice and Internet products, which can significantly reduce their telecommunications costs [ click here for more ]. Connection Telecom is South Africa's cloud communication leader with over a decade's experience in the business telecoms market. Its latest products, which include its trusted VoIPConnect and Cloud PBX, gives businesses a big advantage over traditional voice products.

CSquared appoints CEO for its African fibre business

CSquared has announced the appointment of Lanre Kolade as its CEO, effective immediately. Kolade joins CSquared from Vodacom, where he spent 10 years in various executive roles, including MD of the West, East, Central Africa & South East Africa Regions as well as leading Vodacom Business in Nigeria. He has 21 years' experience in the telecommunications industry, spanning both francophone and anglophone Africa.

Britain's SSE to consolidate renewables business as profits slump

(Updates throughout with detail)By Susanna TwidaleNov 14 (Reuters) - British energy supplier SSE Plc plans to create a new company that will include its renewable energy assets in the UK and Ireland, it said on Wednesday, and reported a 40.9 percent drop in adjusted pre-tax profit .The new company, to be known as SSE Renewables, will comprise around 4 gigawatts of SSE's existing renewable assets such as hydropower, onshore wind and several stakes in offshore wind projects.

Business forum 'captures' Leeuwpoort housing development

Members of the forum reportedly stormed the construction sites and apparently threatened contractors and their workers with violence should they fail to comply with their demand to cease all operations. 3 hours ago Seen during the sod-turning ceremony of the Leeuwpoort mega housing development are the Ekurhuleni MMC for Human Settlement, Lesiba Mpya, and the head of department for human settlements, Bongani Molefe. The mega Leeuwpoort housing project, launched early last year, expected to deliver homes to at least 22 000 families desperately in need of accommodation, has been halted.

Business forum wants to cash in on economic development

Local news The forum, which consists of six business forums, was formed with the aim of creating job opportunities and radical economic transformation. 3 hours ago Wesley Hermanus from the Reiger Park Business Forum encouraged attendees to continue fighting for a better future during the meeting. Residents from Blue Sky, Cinderella, Comet, Villa Lisa, Ramaphosa and Reiger Park attended the Amalgamated Business Forum meeting held at an open piece of land in Parkdene on November 9.

UPDATE 1-Britain's SSE to consolidate renewables business as profits slump

(Updates throughout with detail) By Susanna Twidale Nov 14 (Reuters) - British energy supplier SSE Plc plans to create a new company that will include its renewable energy assets in the UK and Ireland, it said on Wednesday, and reported a 40.9 percent drop in adjusted pre-tax profit . The new company, to be known as SSE Renewables, will comprise around 4 gigawatts of SSE's existing renewable assets such as hydropower, onshore wind and several stakes in offshore wind projects.

#BlackFriday: The small business guide

Typically a US tradition, Black Friday gets bigger every year in South Africa: in 2017, sales increased by 2571% over 2016… writes Viresh Harduth..

Book on Steinhoff's demise shows danger of ‘big men' business leaders

The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company's history, and its subsequent evolution and demise, are skillfully told in a new book Steinhoff: Inside SA's Biggest Corporate Crash , by former journalist James-Brent Styan. It is the story of a bold vision and ambition, entrepreneurial grit and guile, continuous innovation, relentless risk-taking, corporate hubris, and friendship betrayals.

‘No monkey business'4m ago | News

'Dik ding' Colin Booysen is also on trial. Photo: Noor Slamdien/African News Agency/ANA "Don't pay us peanuts, we're not monkeys." This is what underworld kingpin Colin Booysen allegedly told the manager of a restaurant who claims Booysen extorted money from him.

#BlackFriday: The small business guide

JOHANNESBURG - Black Friday is coming up (23 November), a day when consumers rush to online and physical stores in their thousands, hoping to secure too-good-to-be-true, never-to-be-repeated deals and save money on their Christmas shopping. Typically a US tradition, Black Friday gets bigger every year in South Africa: in 2017, sales increased by 2571% over 2016. Small businesses may feel they need to take part or suffer from a major case of FOMO (fear of missing out).

LeoSat Introduces the first business backbone in space at Africa Com 2018

LeoSat at AfricaCom 2018 - New low earth orbit satellite constellation providing the first backbone in space specifically designed for global business AfricaCom - Stand A114, Hall 4 LeoSat Highlights: • Unique global data network using inter-satellite links to provide an MPLS network in space • Optical backbone in space 1.5 times faster than terrestrial fiber • Extremely-low latency and ultra-secure network • Combining the speed of fiber with the reach of satellite Cape Town, 13th November 2018-LeoSat Enterprises, which is launching a constellation of up to 108 low-earth-orbit communications satellites that will provide the fastest, most secure and widest coverage data network in the world, is participating for the first time at #AfricaCom2018 in Cape Town. Ronald van der Breggen, CCO of LeoSat will be outlining LeoSat's game-changing system - a key enabler of the digital economy - offering many advantages for data communications.

#BlackFriday: The small business guide

JOHANNESBURG - Black Friday is coming up (23 November), a day when consumers rush to online and physical stores in their thousands, hoping to secure too-good-to-be-true, never-to-be-repeated deals and save money on their Christmas shopping. Typically a US tradition, Black Friday gets bigger every year in South Africa: in 2017, sales increased by 2571% over 2016. Small businesses may feel they need to take part or suffer from a major case of FOMO (fear of missing out).

PRESS DIGEST- New York Times business news - Nov 14

Nov 14 (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. - WeWork Companies Inc, the co-working office company, announced that SoftBank Group Corp had committed an additional $3 billion at a valuation of at least $42 billion.

#BlackFriday: The small business guide

Typically a US tradition, Black Friday gets bigger every year in South Africa: in 2017, sales increased by 2571% over 2016… writes Viresh Harduth..

Steinhoff book shows danger of ‘big men' business leaders

Form here By: Mills Soko , University of Cape Town The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company's history, and its subsequent evolution and demise, are skillfully told in a new book Steinhoff: Inside SA's Biggest Corporate Crash , by former journalist James-Brent Styan. It is the story of a bold vision and ambition, entrepreneurial grit and guile, continuous innovation, relentless risk-taking, corporate hubris, and friendship betrayals.

Local business donates gear to local soccer academy

SuperSpar in the Randfontein CBD donated a quantity of soccer gear to the Soccer Legends Academy on Saturday, 10 November. This in an effort to help achieve the Academy's mission of getting youngsters off the streets and active in sports. Riaz Dawood, owner of the supermarket said Spar was proud to sponsor an initiative that seeks to give youngsters a second chance in life.

PE Business News: Zondi tells court that she had to ‘look happy' in church out of fear for Omotoso

PE : Zondi tells court that she had to ‘look happy' in church out of fear for Omotoso : Promote your business on BuyPE and MyPR. Zondi tells court that she had to ‘look happy' in church out of fear for Omotoso: The trial of a Durban pastor, Timothy Omotoso who is accused of rape and human trafficking in his Durban church continued at the Port Elizabeth … a wrap of the day's business […] - MyPE News Submit and get free press releases here: MyPR Free Press Release . Click here to list your business on BuyPE.

kulula.com and British Airways win again at the Business Traveller Africa...

kulula.com and British Airways (operated by Comair) were respectively named Best African Low-Cost Airline and Best African Regional Short-Haul Airline at the annual Business Traveller Africa Awards this week. Held in association with Business Traveller Africa magazine and now in its seventh year, the awards recognize excellence inx the South African business travel trade and the broader business travel community.

PE Business News: Zondi tells court that she had to ‘look happy' in church out of fear for Omotoso

Promote your business on BuyPE and MyPR . Zondi tells court that she had to ‘look happy' in church out of fear for Omotoso : The trial of a Durban pastor, Timothy Omotoso who is accused of rape and human trafficking in his Durban church continued at the Port Elizabeth … a wrap of the day's business news as well … Source: "Port Elizabeth" business - BingNews . There Are Business Opportunities In China, South African Companies : The Business Developer of DesSoft … excited to see how we can grow our foot print into this market," says Taylor.

Lonmin's biggest union wants Sibanye deal stopped over job cuts

13TH NOVEMBER 2018 BY: BLOOMBERG SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ JOHANNESBURG - The biggest labor union at Lonmin has asked antitrust authorities to stop Sibanye Gold's purchase of the struggling platinum miner if the new company intends to press ahead with more than 10 000 job cuts. Lonmin has proposed 12 459 job cuts at mines that will run out of commercial deposits in the next three years. That's an "inflated" target, Association of Mineworkers and Construction Union told the South African Competition Tribunal, which is hearing public comments on the deal.

Sandton's commercial market continues to boom

Sandton is considered the financial and commercial hub of Africa, so development in the area should offer great returns on investments. "Despite South Africa reeling under two successive quarters of negative growth and declared to be in the throes of a technical recession, Sandton is forging ahead with confidence," says Rohith Muniah of Rawson Properties in Kloof and Sandton. The suburb's skyline is spiked with construction cranes towering over immense building projects, some nearing completion while others are just starting - definitely not the norm during a recession.

Intu gives Whittaker-led consortium more time to make a bid

Nov 14 (Reuters) - Intu Properties Plc said on Wednesday it had given a consortium led by Deputy Chairman John Whittaker until Nov. 22 to make a firm offer or walk away from a bid for the shopping centre owner.The proposed deal, backed by Saudi Arabia's Olayan Group and Canadian property investor Brookfield Asset Management , valued the FTSE 250 firm that owns Manchester's Trafford Centre at 2.

JSE remains in the throes of a sell-off as oil drops to $65

A falling oil price is boosting the dollar and drying up global liquidity, analysts say, while the JSE posts broad-based losses, led by retailers The JSE fell more than 1% on Wednesday morning, faltering amid a host of risk events, and a falling oil price. At 9.30am the all share was down 0.

Steinhoff shares gain after ‘Sushi Scheme'

Share price gained more than 3% on the JSE after the High Court of Justice in England and Wales issued an order sanctioning the Sushi Scheme..

Tencent traders who got it right prep for wildest day since 2015

For clues on what Tencent's shares will do on Thursday, look to the traders who got it spot-on in August. The options market is pricing in a 5.6% move for the stock either way following the internet giant's third-quarter update after Hong Kong trading closes Wednesday.

Zambia committed to improving debt transparency: Lungu

Zambia is committed to improving the transparency of its debt management and will ensure that debt levels remain sustainable, President Edgar Lungu said on Tuesday, responding to concerns about rising debt in Africa's second-largest copper producer. The International Monetary Fund (IMF) rejected Zambia's borrowing plans earlier this year and said the southern African country was at high risk of debt distress, un nerving investors holding Zambian debt. "Zambia will remain stead fast in ensuring that our debt remains sustainable and does not compromise our sovereignty," Lungu told a conference organised by the World Bank.

Book on Steinhoff's demise shows danger of ‘big men' business leaders

The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company's history, and its subsequent evolution and demise, are skillfully told in a new book Steinhoff: Inside SA's Biggest Corporate Crash , by former journalist James-Brent Styan. It is the story of a bold vision and ambition, entrepreneurial grit and guile, continuous innovation, relentless risk-taking, corporate hubris, and friendship betrayals.

UPDATE 1-UK Stocks-Factors to watch on Nov 14

(Adds company news items and futures) Nov 14 (Reuters) - Britain's FTSE 100 index is seen opening 24 points lower at 7,030 on Wednesday, according to financial bookmakers, with futures down nearly 0.46 percent ahead of the cash market open. * FLYBE: Regional airline Flybe Group Plc said on Wednesday it was in talks with strategic operators for a potential sale of the company, as it struggles with higher fuel costs, lower demand and a weaker British pound.

Vodacom appoints Peter Malebye to head up IOT Africa silo

Vodacom Group has appointed Peter Malebye as Managing Executive for IOT Africa Vodacom Group Business. According to a statement by the company, Peter replaces Deon Liebenberg who left Vodacom a few months ago. "Peter will report into Vodacom Group Business Chief Enterprise Officer, William Mzimba and will form part of the Vodacom Business executive committee.

WATCH: Stock picks — EOH and Mycronic

Jean-Pierre Verster from Fairtree Capital chose Mycronic as his stock pick of the day and Ashraf Mohamed from Arqaam Capital chose EOH. Verster said Mycronic builds the machines that make the pixels on screens, including computer and cellphone screens. It also has machines that create integrated circuit boards.

MTN eyes Nigeria mobile banking

The MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service there next year, its CEO said on Tuesday. This further embeds the giant SA telecoms company in its biggest, but increasingly problematic, market. Nigeria announced in October that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to socalled mobile money services, a policy that has been successful in Kenya.

Kabila protege gets boost as DRC opposition fails to unify ahead of Dec. elections

EFFORTS by opposition parties in the Democratic Republic of Congo (DRC) to rally behind a single presidential candidate seem doomed to failure, said Bloomberg News . This was after two opposition parties withdrew their support for the relatively unknown Martin Fayulu, a development that would boost the chances of President Joseph Kabila's protege, Emmanuel Shadary, winning the December 24 national elections. "A Shadary victory would increase the likelihood of the government pressing ahead with plans to levy a 10% tax on cobalt production and enforce decisions to raise taxes on copper," said Bloomberg News.

Steinhoff shares gain after Sushi Scheme

Share price gained more than 3% on the JSE after the High Court of Justice in England and Wales issued an order sanctioning the Sushi Scheme..

Beer companies launch alcohol-free snack

South African Breweries and AB InBev are piloting a savoury snack made from locally grown grain and the proceeds of their sale will be used to help develop emerging farmers and support community development initiatives, the companies said. Castle Lager Better Bites is available for purchase at five tavern outlets in Soweto and another four liquor outlets between Johannesburg and Pretoria. The concept for the snack came about after AB InBev identified challenges faced by emerging farmers in establishing viable, sustainable, and successful farming practices.

Banks, commodity stocks weigh on Aussie shares, NZ falls

* Miners fall on softer copper, iron ore prices* Energy stocks hurt by plunge in oil prices* Aussie shares of CYBG is a "shining light" in the banking sector- analyst (Updates to close)By Shriya RamakrishnanNov 14 (Reuters) - Banks and commodity stocks led declines in Australian shares on Wednesday against a backdrop of broader losses in global equities, pressured by concerns of slowing growth.World oil prices slumped on weakening demand and supply glut concerns. Sluggish corporate earnings as well as Sino-U.

Meet Miriam Tlali, first black woman to publish a novel in SA

- Miriam Tlali was South Africa's first black female to publish a novel - The novel, Muriel at Metropolitan , shared her experiences in apartheid South Africa - The apartheid regime banned it, but it was published internationally PAY ATTENTION : Click "See first" under the "Following" tab to see Briefly News on your newsfeed! The late Miriam Tlali made history as the first black woman to publish a novel in South Africa back in 1975. Global search engine Google honoured Tlali with a "Google Doole" on its website to celebrate what would have been her 85th birthday on 11 November. Google in Africa paid tribute to her on Twitter, writing that she "courageously spoke out against injustice at a time it was almost impossible to do so.

UPDATE 1-European businesses help lift South Africa's SPAR FY earnings

(Adds details) JOHANNESBURG, Nov 14 (Reuters) - South African retailer and wholesaler SPAR Group Ltd reported on Wednesday a 1.4 percent increase in full-year headline earnings, boosted by improving contributions from its European businesses. SPAR, a grocery chain which also sells building materials and medicine in Southern Africa, said headline earnings per share rose to 965.

South Africa's secret tasting circles: The Stellenbosch Circle

I've been curious about these circles and have since been invited to sit in as a guest in a few special ones—and no one has had to die. Chapter two: The Stellenbosch Circle The Stellenbosch Circle is one of South Africa's oldest tasting groups, dating all the way back to 1938. That's 80 years of commitment.

JSE's fate tied to Tencent on Wednesday

Retail will be in focus, with results from grocery chain Spar and Stats SA's September retail sales report More clues as whether or not SA escaped a third consecutive quarter of declining GDP in the third quarter of 2018 will be revealed by Stats SA's September retail sales report scheduled for release at 1pm. Further information on the health of SA's retail sector will also be provided by the 2018 financial year results from grocery chain Spar. Naspers's main asset, Tencent, is scheduled to release its September quarter results on Wednesday morning after the Hong Kong stock exchange closes.

Polls, policy and petrol

The local market was positive in October, which, given how terrible this year has been, says something. Journalist Dave Mohr and Izak Odendaal, Moneyweb | Wednesday, 14 November 2018, 07:43 The oil price is down almost 20% from its recent peak, partly because eight countries have been given temporary exemption by the US, but also because oil production elsewhere has surged, spurred on by rising prices. Photo: Moneyweb POLITICAL NEWS - Politics dominated the global market agenda last week, with the US midterm election front and centre.

MTN moves closer to resolving $10.1bn Nigeria dispute

The MTN Group [JSE:MTN]  is making "steady progress" with Nigerian authorities in talks about $10.1bn in claims, encouraging Africa's largest wireless carrier that it can settle the long-running dispute out of court. It is in ongoing discussions with Nigeria's central bank and other institutions and is "narrowing down what the key issues are," Chief Executive Officer Rob Shuter said in an interview in Cape Town on Tuesday.

25% Stormers pay cut fear rocks Newlands

Rob Houwing and Lloyd Burnard Cape Town - Fear of a quarter of their salaries being cut for all major professional personnel - including the premier players and coaches - plus possible, high-profile job casualties at cash-strapped Western Province Rugby has gripped Newlands. The severe move is understood to be in the pipeline if WPRFU deputy president Z elt Marais , on a strongly austerity-driven ticket and with mounting support especially from less heavyweight members of WP's swollen amateur club base, assumes the presidency from outgoing Thelo Wakefield at elections on November 26. Wakefield steps down imminently after a six-year tenure at the helm, and the vacancy is almost certainly a straight race between Marais, WP finance committee chairman and a tax specialist at Nedbank, and Springbok selector, SARU playing icon and WP executive committee member Peter Jooste.

Polls, policy and petrol

The local market was positive in October, which, given how terrible this year has been, says something. Journalist Dave Mohr and Izak Odendaal, Moneyweb | Wednesday, 14 November 2018, 07:43 The oil price is down almost 20% from its recent peak, partly because eight countries have been given temporary exemption by the US, but also because oil production elsewhere has surged, spurred on by rising prices. Photo: Moneyweb POLITICAL NEWS - Politics dominated the global market agenda last week, with the US midterm election front and centre.

Kleinveldt ready for 'home' game as MSL opener looms

JOHANNESBURG - Rory Kleinveldt knows the Newlands cricket ground like the back of his hand - well most of it anyway. He'll be somewhere new in that storied old venue this Friday - the away team's dressing room for the opening match of the Mzansi Super League.  "I was telling my wife I've never actually been in the away change-room, that's going to feel a bit weird," Kleinveldt chuckled as he carried his kit into his new homeground SuperSport Park.

European businesses help lift South Africa's SPAR FY earnings

JOHANNESBURG, Nov 14 (Reuters) - South African retailer and wholesaler SPAR Group Ltd reported on Wednesday a 1.4 percent increase in full-year headline earnings, boosted by improving contributions from its European businesses. SPAR, a grocery chain which also sells building materials and medicine in Southern Africa, said headline earnings per share rose to 965.

Steinhoff book shows danger of ‘big men' business leaders

Form here By: Mills Soko , University of Cape Town The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company's history, and its subsequent evolution and demise, are skillfully told in a new book Steinhoff: Inside SA's Biggest Corporate Crash , by former journalist James-Brent Styan. It is the story of a bold vision and ambition, entrepreneurial grit and guile, continuous innovation, relentless risk-taking, corporate hubris, and friendship betrayals.

MTN moves closer to resolving $10.1 billion Nigeria dispute

MTN Group Ltd is making "steady progress" with Nigerian authorities in talks about $10.1 billion in claims, encouraging Africa's largest wireless carrier that it can settle the long-running dispute out of court. The South African company is in ongoing discussions with Nigeria's central bank and other institutions and is "narrowing down what the key issues are," chief executive officer Rob Shuter said in an interview in Cape Town on Tuesday.

Music his idol

The title of South African Idol is up for grabs, and 23-year-old Thato Ashley Makape is gunning for it with all his might. After not making it through at the Durban auditions, Makape decided to travel from the Boitchoko Location in Postmasburg, his home town, to audition for the second time in Cape Town. There he was awarded with three "yesses" from the judges, and was included in the top 16.

Music his idol

The title of South African Idol is up for grabs, and 23-year-old Thato Ashley Makape is gunning for it with all his might. After not making it through at the Durban auditions, Makape decided to travel from the Boitchoko Location in Postmasburg, his home town, to audition for the second time in Cape Town. There he was awarded with three "yesses" from the judges, and was included in the top 16.

Subrayen excited to get call up to Durban Heat

Durban - Durban born-and-raised all-rounder Prenelan Subrayen has been added to the Durban Heat squad for the upcoming Mzansi Premier League as cover for two spinners that will only be joining the team later in the tournament. With star Afghan spinner Rashid Khan only due to arrive in December and Zimbabwean spinner Brandon Mavuta also joining the squad midway through the campaign, coach Grant Morgan felt the need for an extra spinner, and turned to the trusty Tongaat-born Subrayen. "Subs is the ideal man to slot into this gap," said Morgan of the 25-year-old spinner, who has taken 39 T20 wickets at an average of 25,44 and bats at a strike rate of 119,33.

MTN buys music-streaming business Simfy

MTN has bought music-streaming business Simfy, as it tries to play more in the digital ecosystem as an over-the-top (OTT)-type player. Group CEO and president Rob Shuter made the announcement during a speech at AfricaCom 2018 in Cape Town yesterday. Shuter said MTN has completed the acquisition of Simfy, which he called "Africa's leading music-streaming business".

Australia to buy $1.4 billion in non-bank debt to help fund small business

By Paulina DuranSYDNEY, Nov 14 (Reuters) - The Australian government will buy up to A$2 billion ($1.44 billion) in small businesses loans from non-bank lenders, Treasurer Josh Frydenberg said on Wednesday, in an effort to inject funding to capital-starved businesses.Australian small and medium-sized businesses account for over 40 percent of private sector jobs but funding has been expensive and increasingly constrained, as banks controlling the market face pressure to lend only to viable firms.

Prudential's life insurance new business profit rises 17 pct

(Adds Asia numbers, context)Nov 14 (Reuters) - Prudential Plc, Britain's largest insurer, reported a 17 percent rise in its life insurance new business profit for the first nine months of the year on Wednesday, driven by another robust performance in Asia.The company said new business profit in Asia, where a burgeoning middle class has boosted demand for insurance, rose 15 percent to 1.76 billion pounds ($2.

Oil markets struggle to find footing after 7 pct slump

* Oil prices fell by 7 percent the previous day * Crude has lost a quarter of its value since early October * Jump in supply comes as demand outlook weakens * Top-3 oil producers see output surge: tmsnrt.rs/2Rua0R8 By Henning Gloystein SINGAPORE, Nov 14 (Reuters) - Oil markets remained on a weak footing on Wednesday after a 7 percent slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices. U.

Emerging Markets Economic Events to Dec 28

Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- WEDNESDAY, NOVEMBER 14 JOHANNESBURG - World Bank officials to meet Zambia finance minister and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.

DIARY-Emerging Markets Economic Events to Dec 28

Nov 14 (Reuters) - For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington —————————————————————————————- This Diary is filed daily.

MSCI adds more China stocks to global emerging markets index

NEW YORK, Nov 13 (Reuters) - MSCI Inc on Tuesday said it would add several onshore Chinese stocks to its closely watched and widely duplicated emerging-markets index.As part of its semi-annual review, the financial data company said it would add S.F.

MTN to sell 'smart feature phones' early next year

The MTN group has announced a partnership with China Mobile, chip-maker Unisoc and feature phone operating system, KaiOS, to bring affordable 3G 'smart feature phones' to the African market in the first few months of 2019. MTN group CEO and president, Rob Shuter, made the announcement at a press briefing at AfricaCom in Cape Town today, along with executives from the partner groups. "Our collaboration has been to design the world's first 3G smart feature phone," Shuter said showing off the phone.

Brazil's Movile says it has raised $500 mln for its iFood delivery app

SAO PAULO, Nov 13 (Reuters) - Brazilian technology firm Movile on Tuesday said it had raised $500 million of fresh funds for its iFood app, aimed at making it one of the world's biggest players in the meals delivery market. The money was raised among iFood's current investors, including South African media group Naspers, which owns Movile, and Brazilian billionaire Jorge Paulo Lemann, said Movile founder and president Eduardo Henrique in a phone interview. He declined to specify the investors' respective contributions.

DEFY Appliances Spearheads Communication at the Turkey - Africa II. Economic and Business Forum

The second annual Turkey - Africa II. Economic and Business Forum  was held in October in Istanbul. Hosted by the Ministry of Trade and organized by Foreign Economic Relations Board of Turkey (DEiK), in collaboration with the African Union (AU) , this event brought together Turkish company executives who have successfully completed PPP projects in Africa and have invested in African countries in various sectors to share their experiences with priorities, challenges and opportunities of their investments.

Business Makeover Kenya Episode 3 She Leads Africa | Dark and Lovely

In the 3rd episode of the She Leads Africa & Dark and Lovely Business Makeover, Meet Nancy from Kenya. Her company, Best Shoe Kenya, is a 100% Kenyan startup footwear company that caters for every family member by producing quality, affordable and classy casual and school wear shoes. Presence & Poise was created to support young women in business who need business coaching or professional advice to take their company to the next level.

Business Makeover Ghana Episode 2 She Leads Africa | Dark and Lovely

In the 2nd episode of the She Leads Africa & Dark and Lovely Business Makeover, Meet Wemeye from Ghana. Her company, Wemeye Natural Products, is in the collection and storage of shea nuts and manufacturing of shea butter. Presence & Poise was created to support young women in business who need business coaching or professional advice to take their company to the next level.

Business Makeover Nigeria Episode 4 She Leads Africa | Dark and Lovely

In the 4th episode of the She Leads Africa & Dark and Lovely Business Makeover, Meet Winifred from Nigeria. Her company, Nature's Kitchen, is an agribusiness with an emphasis in poultry which is processed into different variants and delivered to customers. Presence & Poise was created to support young women in business who need business coaching or professional advice to take their company to the next level.

Investec Property Fund is well positioned

Offshore exposure softens the impact of the local market. Investec-branded real estate investment trusts (Reits) Investec Property Fund (IPF) and Investec Australia Property Fund (IAPF) posted positive interim distribution growth of 5.4% and 2% respectively on Tuesday.

Amazon could turn two pricey real estate markets into unaffordable ones

Amazon's search for a new headquarters (or possibly just an elaborate fishing expedition for 238 cities' valuable data) ended with the company choosing New York's Long Island City and Crystal City in northern Virginia, it announced today (Nov. 13). The ecommerce giant also said it plans to open an operations center with 5,000 jobs in Nashville, Tennessee.

Business Johnson & Johnson is advancing entrepreneurship and health care in Africa with the Innovation Challenge 2.0

At the just concluded Africa Women Innovation and Entrepreneurship Forum in Cape Town, South Africa, Johnson & Johnson announced the Champions of Science The competition focuses on identifying scalable and sustainable solutions to six major health and environmental issues in Africa including mental health, digital health, support for health workers, botanical solutions, packaging, and essential surgical care. It is designed to address the critical unmet needs of the continent and her local communities while providing support to entrepreneurs in creating these innovative solutions. According to Josh Ghaim, Chief Technology Officer, Johnson & Johnson Consumer Inc.

UGANDA: NTVUganda has added High costs of production straining Ugandan business - PSFU video

High costs of production straining Ugandan business - PSFU Several private sector businesses remain in distress. According to experts, this is largely due to low demand within the economy, high cost of credit and related servicing among others. With real threats of such enterprises going under, there is renewed desire that they be shielded against possible liquidation or being declared insolvent.

Glynnis Breytenbach pulls out of race for NPA boss

Democratic Alliance MP, Advocate Glynnis Breytenbach, is no longer in the running to talk over as the new National Director of Public Prosecutions (NDPP). Breytenbach made the announcement in an interview aired on . Breytenbach was included in a list of 12 candidates that was shortlisted by a panel assisting President Cyril Ramaphosa with appointing a new NDPP.

Subrayen excited to get call up to Durban Heat

Durban - Durban born-and-raised all-rounder Prenelan Subrayen has been added to the Durban Heat squad for the upcoming Mzansi Premier League as cover for two spinners that will only be joining the team later in the tournament. With star Afghan spinner Rashid Khan only due to arrive in December and Zimbabwean spinner Brandon Mavuta also joining the squad midway through the campaign, coach Grant Morgan felt the need for an extra spinner, and turned to the trusty Tongaat-born Subrayen. "Subs is the ideal man to slot into this gap," said Morgan of the 25-year-old spinner, who has taken 39 T20 wickets at an average of 25,44 and bats at a strike rate of 119,33.

Subrayen excited to get call up to Durban Heat

Durban - Durban born-and-raised all-rounder Prenelan Subrayen has been added to the Durban Heat squad for the upcoming Mzansi Premier League as cover for two spinners that will only be joining the team later in the tournament. With star Afghan spinner Rashid Khan only due to arrive in December and Zimbabwean spinner Brandon Mavuta also joining the squad midway through the campaign, coach Grant Morgan felt the need for an extra spinner, and turned to the trusty Tongaat-born Subrayen. "Subs is the ideal man to slot into this gap," said Morgan of the 25-year-old spinner, who has taken 39 T20 wickets at an average of 25,44 and bats at a strike rate of 119,33.

MTN announces partnership to launch first smart feature phone in Africa

MTN Group today announced its partnership with other international technology companies to launch the world's first 3G smart feature phone in Africa. The partnership was announced at the AfricaCom, the continent's largest technology and telecommunications event currently under way in the Cape Town International Convention Centre (CTICC). MTN Group President and chief executive Rob Shuter said the new product will allow customers to upgrade from a feature phone with only voice and text capabilities, to a fully connected handset with fast, 3G internet, adding that "because of the competitive pricing of the device, access to advanced digital services is finally a reality for everyone".

AEEI eyes acquisitions to drive further growth

Black-owned investment holding firm African Equity Empowerment Investments says it will pursue deals as annual revenue increases 22% African Equity Empowerment Investments (AEEI) is gearing itself for further growth through acquisitions, it said on Tuesday. The group has investments in fishing, technology, health and beauty, and events and tourism. "Management is focused on its five-year strategic plan and has firmed up its acquisition pipeline for both its fishing and brands division and ICT associate," the company said.

Rand inches lower on risk aversion, stocks fall

Rand slips as risk demand stalls. The rand was slightly weaker against the dollar on Tuesday along with other emerging currencies as demand for risk continued to be subdued globally, while stocks were marginally lower weighed down by gold stocks. At 15:55 GMT the rand was 0.

U.S. banks eased some business loan standards in third quarter -Fed

WASHINGTON, Nov 13 (Reuters) - Loan officers at U.S. banks reported easing lending standards for commercial and industrial loans while keeping terms for commercial real estate loans almost unchanged in the third quarter, a Federal Reserve survey showed on Tuesday.

It's never too late to start a business

: Whilst the country continues to battle a high unemployment rate - which increased to 27,5 percent, according to the Quarterly Labour Force Survey for the Third Quarter of 2018 - the narrative of entrepreneurship as a viable career choice should be widely promoted and encouraged across all generations. However, according to Anton Roelofse, regional general manager at Business Partners Limited (BUSINESS/PARTNERS), the recently released 2018 Real State of Entrepreneurship Survey, compiled by Seed Academy and Old Mutual, revealed that 80 percent of entrepreneurs in South Africa are under the age of 45, with the majority of entrepreneurs reported to be between the ages of 25 and 34. "In light of the high prevalence of unemployment, there is no reason that entrepreneurship should be reserved for the younger generation.

W. Africa Crude-Angolan export programmes due, Nigerian market in surplus

LONDON, Nov 13 (Reuters) - Spot trade in Angolan cargoes slowed ahead of the release of the January loading programme later this week, while the Nigerian market sagged under the weight of a slew of unsold crude and expensive freight that made shipments to Asia uneconomical. NIGERIA * At least 30 Nigerian cargoes are left from the December programme, which originally contained 64 cargoes, although this surplus was smaller than the 35 estimated late last week. * Diffs held unchanged.

Telkom could unbundle property assets worth about R24bn

Telkom will consider spinning off its vast property portfolio — potentially the equivalent of about 90% of its whole market capitalisation — as a "mega" real estate investment trust (Reit) to unlock value for shareholders, says CEO Sipho Maseko. The network operator's Gyro subsidiary manages Telkom's portfolio of 1,332 properties, including offices, client-service centres, residential dwellings and land parcels. "Taking that as some kind of mega-Reit that would hold masts and towers, properties and developments is one opportunity we're looking at," Maseko told Business Day.

René and Christine Kalmer receive lifetime achievement awards for running

Olympians and road running legends, the Kalmer sisters received lifetime achievement awards for their contribution to the SPAR Grand Prix. René and Christine Kalmer, residents of Fairland and Linden respectively, have been running together for 30 years. René Kalmer receives her lifetime achievement award from SPAR Grand Prix coordinator Ian Laxton, SPAR group marketing executive Mike Prentice, MMC for Community Development in Joburg Nonhlanhla Sifumba and Athletics South Africa president Aleck Skhosana.

MTN sees ‘great progress' in resolving Nigeria woes

MTN Group CEO Rob Shuter MTN Group is making "great progress" with Nigerian authorities in talks about US$10.1-billion in claims, encouraging Africa's largest wireless carrier that it can settle the long-running dispute out of court. The South African company is in ongoing discussions with Nigeria's central bank and other institutions and is "narrowing down what the key issues are", CEO Rob Shuter said in an interview in Cape Town on Tuesday.

Naspers backing R5.8-billion iFood funding round

In what is being billed as part of the largest technology venture funding ever in Latin America, Naspers and Innova Capital have agreed to invest US$400-million (about R5.8-billion) in iFood, a food delivery platform controlled by mobile marketplace Movile. Naspers and Innova will invest the money into Movile to use for further investment in iFood, the leading online food delivery platform in Latin America, of which Movile is a majority shareholder.

Jozi Stars partners with Brand South Africa

Jozi Stars, the South African Mzansi Super League T20 cricket team is excited to partner with Brand South Africa to promote and celebrate Jozi's diversity, history and heritage to strengthen social cohesion. About Jozi Stars Jozi Stars brand promise is to ignite excellence. The brand promise stems from the name Jo'burg commonly known as Jozi, the city of gold that represents a city of hope, inspiring new possibilities, where dreams and stardom are realised, the melting pot of various cultures, its arts, diversity, rich history, heritage and its passionate love of the sport.

Mr Tekkie refutes Pepkor's false statement

The Steinhoff controlled company claims that they have delivered a list of Tekkie Town footwear that Mr Tekkie is prohibited from stocking..

Tencent traders who got it right prep for a wild results day

Despite a $243bn loss of shareholder value since January, the outlook for some of Tencent's most profitable businesses is getting bleaker Hong Kong — For clues on what Tencent Holdings's shares will do tomorrow, look to the traders who got it spot on in August. The options market is pricing in a 6.6% move for the stock either way following the internet giant's third-quarter update after Hong Kong's market closes on Wednesday.

Business Terragon acquires Bizense, a Singapore-based mobile technology company

Terragon, Africa's leading data and marketing technology company, announced that it has acquired Bizense, a Singapore-based mobile technology company, in a cash plus stock deal which is the first of its kind and scale in Africa. The deal will see Terragon control its intellectual property assets globally likewise enabling it further adapt and integrate its marketing technology software for financial services institutions and consumer brands across Africa. Elo Umeh, Founder and CEO Terragon, said "Due to lack of options, most African businesses are left to depend on licensed technology built for other markets.

Business schools can win the battle for relevance

Since controversial McGill University professor Henry Mintzberg famously pointed out that MBA programmes were labouring under irrelevant curricula and producing graduates well versed in theory but weak in practice, business schools around the world have been wrestling with the question of their own relevance. It's a discomfort that has intensified in the last decade in the wake of the financial crisis of 2008 and now, with the onset of the 4th industrial revolution that is threatening to remake the world as we know it. At the heart of the debate is the question of what we, as business schools, teach.

Business schools can win the battle for relevance

Since controversial McGill University professor Henry Mintzberg famously pointed out that MBA programmes were labouring under irrelevant curricula and producing graduates well versed in theory but weak in practice, business schools around the world have been wrestling with the question of their own relevance..

Book on Steinhoff's demise shows danger of 'big men' business leaders

The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company's history, and its subsequent evolution and demise, are skillfully told in a new book Steinhoff: Inside SA's Biggest Corporate Crash , by former journalist James-Brent Styan. It is the story of a bold vision and ambition, entrepreneurial grit and guile, continuous innovation, relentless risk-taking, corporate hubris, and friendship betrayals.

UPDATE 1-RSA cuts some London-based global business in profit pursuit

* To exit three lines of international business * To focus on four areas, including renewable energy * Changes to cut premiums written by a third in 2019 (Adds detail from statement, bullet points) By Simon Jessop and Emma Rumney LONDON, Nov 13 (Reuters) - RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning. Closing International Construction, International Freight and Fixed Price Marine Protection and Indemnity Insurance was part of efforts to streamline international exposure and improve underwriting, pricing accuracy and risk management, RSA said. The decision to ditch the businesses followed RSA's assessment that they were "unlikely to satisfy the Group's profitability requirements in the foreseeable future".

Business Vodacom may be expanding to Ethiopia soon

In a strategic partnership with Safaricom, Africa's leading communications company, Vodacom may be planning an entry into Ethiopia. "The opportunities are not that clear, yet there are indications that Ethiopia will issue additional licences, and potentially take in a strategic partner for the existing (government-owned) Ethio Telecom, but there's nothing yet in terms of actual processes and so on," Shameel Joosub, CEO of Vodacom Group Limited explained. Vodacom which is heavily reliant on South Africa's market has been looking to diversify and expand its footprints for years.

Rebound falls short as JSE closes weaker

The JSE closed weaker on Tuesday following a relatively mixed session where the local index struggled for direction, where it initially looked poised for a possible rebound in the morning session but that momentum fizzled out as the day progressed. In Asia, Chinese equities closed firmer on the back of optimism on the possibility of a trade deal between the USA and China. The Shanghai Composite Index firmed by 1.

Europe, Australia lifts Investec Property Fund's earnings

Investec Property Fund, a South African Real Estate Investment Trust, has released its interim numbers for the period ended 30 September 2018. Revenue growth was described as static, coming in at R890 million. The group also reported a 5.

UPDATE 1-South African rand inches lower on risk aversion, stocks fall

* Rand slips as risk demand stalls * Stocks edge lower on gold, MTN bucks trend (Adds latest prices) JOHANNESBURG, Nov 13 (Reuters) - South Africa's rand was slightly weaker against the dollar on Tuesday along with other emerging currencies as demand for risk continued to be subdued globally, while stocks were marginally lower weighed down by gold stocks. At 1555 GMT the rand was 0.14 percent weaker at 14.

Vodacom appoints new Managing Executive for IoT Africa

Peter Malebye newly appointed Managing Executive for Internet of Things (IoT) Africa Vodacom Group Business Vodacom Group has appointed Peter Malebye as Managing Executive for Internet of Things (IoT) Africa Vodacom Group Business. Peter, who has almost 20 years of experience replaces Deon Liebenberg. Peter previously held the position of Managing Executive responsible for Industrial/Commercial IoT and Operational Technology commercialisation at BCX.

Book on Steinhoff's demise shows danger of 'big men' business leaders

The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company's history, and its subsequent evolution and demise, are skillfully told in a new book Steinhoff: Inside SA's Biggest Corporate Crash , by former journalist James-Brent Styan. It is the story of a bold vision and ambition, entrepreneurial grit and guile, continuous innovation, relentless risk-taking, corporate hubris, and friendship betrayals.

General Electric caution signs flashing in credit markets

Investors are snapping up derivatives that protect against losses on GE's debt with cost to insure against a default as high as 211 basis points New York — General Electric (GE) may still have a relatively solid investment-grade rating, but investors aren't taking their chances. They're snapping up derivatives that protect against losses on the company's debt. The cost to insure against a default by GE climbed to as high as 211 basis points in early trading on Tuesday, 207 basis points to insure GE's debt against default for five years, credit-default swaps prices (CDS) from Capital Market Authority (CMA) show.

MTN To Bring KaiOS 3G Smart Feature Phone To Africa

Rob Shuter, Group President and CEO of MTN, Today MTN Group, KaiOS Technologies, China Mobile, and UNISOC announced a partnership to launch the world's first 3G smart feature phone in Africa, powered by KaiOS. The new product will allow customers to upgrade from a feature phone with only voice and text capabilities, to a fully connected handset with fast, 3G internet. The new smart feature phone runs on KaiOS — the world's leading operating system for smart feature phones.

Mr Tekkie refutes Pepkor's false statement

The Steinhoff controlled company claims that they have delivered a list of Tekkie Town footwear that Mr Tekkie is prohibited from stocking..

Business Vodacom may be expanding to Ethiopia soon

In a strategic partnership with Safaricom, Africa's leading communications company, Vodacom may be planning an entry into Ethiopia. "The opportunities are not that clear, yet there are indications that Ethiopia will issue additional licences, and potentially take in a strategic partner for the existing (government-owned) Ethio Telecom, but there's nothing yet in terms of actual processes and so on," Shameel Joosub, CEO of Vodacom Group Limited explained. Vodacom which is heavily reliant on South Africa's market has been looking to diversify and expand its footprints for years.

MTN aims to offer mobile banking in Nigeria next year

Men sit on motorbikes past advertising posters for MTN telecommunication company along a street in Lagos By Wendell RoelfCAPE TOWN (Reuters) - MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market.Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya. MTN runs Nigeria's biggest mobile phone network serving 56 million people, but it is also involved in a dispute with the authorities after the central bank said it illegally transferred $8.

Hydrogen economy, PGM-based tech offers decarbonised alternative for energy system - Amplats

With the world's current energy system reliant on carbon-intensive fossil and other fuels, with the associated negative impact on climate change and global warming, Anglo American Platinum (Amplats) believes there is a decarbonised alternative in the form of the hydrogen economy and platinum group metals- (PGM-) based technologies. PGM technologies, CEO Chris Griffith explains in a presentation published on the Amplats website, on Tuesday, can be implemented through the use of proton exchange membrane fuel cells and electrolysis to unlock the versatility of hydrogen as an energy source. The presentation comes on the back of an Amplats investor and analyst visit to China, which is taking place this week, during which the platinum miner intends to showcase the demand for PGMs.

What to expect from Discovery Bank's launch

Discovery is expected to unveil some elements of its new bank on Wednesday - and while details of what it will offer have been carefully held under wraps, recent rulings by the Competition Tribunal, and hints from the financial group itself, give at least some idea of what users can expect. Discovery chief executive officer Adrian Gore and Barry Hore, the CEO of Discovery Bank, will on Wednesday "update on a significant milestone in the evolution of Discovery as they introduce Discovery Bank's value proposition," the group said. The Competition Tribunal ruled on 7 November that Discovery and FirstRand could conclude its merger deal with no conditions, which effectively allows Discovery Bank to take over the card business which was previously being run by FirstRand via FNB.

DRC opposition reneging on unity boosts Kabila protege

The move means the next government will be less likely to modify new mining legislation that's deeply unpopular with miners including Glencore and Randgold Kinshasa — Two key Democratic Republic of Congo (DRC) opposition leaders withdrew their support for a joint candidate in next month's election, increasing the likelihood that President Joseph Kabila's protege will win. That could raise the risk of instability in a key supplier of the metals used in electric vehicles and mobile phones. It also means the next government will be less likely to modify new mining legislation that is deeply unpopular with miners including Glencore and Randgold Resources for boosting taxes and removing investor protections.

BOTTOM LINE: Richemont's two centres of power, and Brait's road to recovery

Newly appointed Richemont CEO Jérôme Lambert does not have CFO Burkhart Grund report to him It is odd not having a CFO report directly to a CEO, but this is exactly what Luxury brands group Richemont has put in place. Newly appointed CEO Jérôme Lambert does not have CFO Burkhart Grund report to him. Instead, like Lambert, Grund reports directly to the Johann Rupert-chaired board.

MTN unveils smart feature phone rollout plans

Left Huidi Li, Executive Vice President at China Mobile and Rob Shutter, MTN Group Chief Executive Officer at the press event in Cape Town on Tuesday. Photo by Mthulisi Sibanda, CAJ News by MTHULISI SIBANDA in Cape Town CAPE TOWN, (CAJ News) - MOBILE network operator, MTN, has announced plans to introduce a "smart feature phone" in its African markets next year, in line with strategies to bridge the mobile internet access divide. The plans, announced in partnership with China Mobile and Unisoc among others, have been unveiled at the AfricaCom summit in Cape Town.

Shuter shrugs off MTN's Nigeria dispute, eyes opportunities

Rob Shuter Is MTN Group on the verge of being chased out of its biggest market? Not a bit of it, according to CEO Rob Shuter. Shrugging off the small matter of US$10.1-billion of claims against Africa's largest wireless carrier in Nigeria, Shuter told a conference in Cape Town on Tuesday that MTN will apply for a mobile money licence in the country in the next month.

Vodafone CFO Says There Are No Sacred Cows When Reviewing Tower business

Nov 13 (Reuters) - Vodafone:* CEO, ASKED ABOUT SCOPE OF ITS TOWER REVIEW, SAYS ITS UK JV WITH TELEFONICA,IS A DISTINCT AGREEMENT* CFO SAYS TENANCY RATIO OF ITS EUROPEAN MASTS AND TOWERS IS 1.4, SEES SCOPE TO INCREASE* CFO, ASKED IF THEY COULD SPIN OFF WHOLE TOWERS BUSINESS, SAYS THERE ARE NO SACRED COWS, CEO SAYS RECOGNISES STRATEGIC IMPORTANCE OF ASSETS Further company coverage: (London newsroom) 2018-11-13 15.

Find your fit

FIBO Global Fitness Festival presented by Dis-Chem Pharmacies provided all the features of a true health and fitness event. The first of its kind on the African Continent, FIBO Global Fitness Africa welcomed thousands of visitors over the three-day festival and day and a half summit providing a landscape for everyone to learn how to live their best life and find their fit in fitness. Mirrored on their flagship brand in Germany, FIBO Africa offered several zones within the Festival, namely FitBody, FitFood, FitGear, FitStudio, FitTech and FitWear and FitKids, all of which were extremely popular.

MTN making progress to resolve $10.1bn dispute with Nigeria - CEO

The dispute concerns a funds repatriation and tax bill depute with Nigerian authorities. South Africa's MTN Group is making progress in resolving a $10.1 billion funds repatriation and tax bill depute with Nigerian authorities, its CEO said on Tuesday.

MTN making progress to resolve $10.1 bln dispute with Nigeria - CEO

CAPE TOWN, Nov 13 (Reuters) - South Africa's MTN Group is making progress in resolving a $10.1 billion funds repatriation and tax bill depute with Nigerian authorities, its CEO said on Tuesday. "I believe we are making steady progress towards finding a resolution," Rob Shuter told Reuters on the sidelines of a telecoms conference in Cape Town.

Tswane Spartans appoint De Villiers as captain

A former national captain, the 34-year-old has plenty of T20 experience, having featured in 251 T20s, with an enviable strike rate of 147.91. | JOHANNESBURG - AB de Villiers has been appointed captain of the Tshwane Spartans for the first edition of the Mzansi Super League.

Wescoal revenue jumps 28% on long-term growth strategy

The JSE-listed miner and trader also reported a 16% increase in headline earnings per share as operational expenditure dropped Junior coal miner Wescoal's revenue increased 28% for the first half of is financial year as its long-term growth strategy begins to bear fruit. On Tuesday, the JSE-listed miner and trader also reported a 16% increase in headline earnings per share (HEPS) to 23.5c for the six months ended in September.

MTN wants to launch banking services in Nigeria

Is MTN Group Ltd. on the verge of being chased out of its biggest market? Not a bit of it, according to Chief Executive Officer Rob Shuter. Shrugging off the small matter of $10.

De Villiers named Spartans captain

AB de Villiers has been appointed the captain of the Tshwane Spartans for the first edition of the Mzansi Super League. A former national captain, the 34-year-old has plenty of T20 experience, having featured in 251 T20s, with an enviable strike-rate of 147.91.

UPDATE 3-MTN aims to offer mobile banking in Nigeria next year

* Aims to launch mobile banking in Q2 2019 * Plans to relaunch mobile money in South Africa in 2019 * Buys music streaming business Simfy (Adds analyst comment, shares) By Wendell Roelf CAPE TOWN, Nov 13 (Reuters) - MTN Group will apply for a mobile banking licence in Nigeria and plans to launch a service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market. Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya. MTN runs Nigeria biggest mobile phone network serving 56 million people, but it is also involved in a dispute with the authorities after the central bank said it illegally transferred $8.

MTN launching 'smart feature phones' early next year

The MTN group has announced a partnership with China Mobile, chip-maker Unisoc and feature phone operating system, KaiOS, to bring affordable 'smart feature phones' to the African market in the first quarter of 2019. MTN group CEO and president, Rob Shuter, made the announcement at a press briefing at AfricaCom in Cape Town today, along with executives from the partner groups. "Our collaboration has been to design the world's first 3G smart feature phone," Shuter said showing off the phone.

Brothers start flourishing tattoo business in Kuils River

- 14:33 Swopping conventional career choices in business and law for needles and ink has led Cape Town brothers Craig and Kallyn McGregor to success built on a shared passion, and fulfilment of a long-time dream of working together in their own business. Craig, 32, and Kallyn, 27, say they haven't looked back since spotting a gap in their local market to capitalise on the growing trend for body art as "the ultimate in self-expression" and opening their Murder Ink Tattoo & Piercing Lounge in Kuils River, where they were born and raised. That market gap provided "the golden opportunity for us to develop as artists and practice our passion," says Craig.

Five projects that prove China means business

While academics and intellectuals continue to debate China's surge in influence across Asia and Africa, the economic giant's Belt and Road Initiative (BRI) soldiers on. Here are five major projects that prove just how far behind the eight ball the rest of the world actually is. Most cases are glaring examples of regions that have been rejected or neglected by the west, which is why China hasn't even had to shed so much as a drop of blood to advance its objectives.

5 steps to starting a home baking business

Maybe the thought crossed your mind after the tenth compliment of your home-baked cupcakes, or that breyani you whipped up for a colleague's birthday lunch: You spend so much time in the kitchen anyway, you could start up a home industry business of your own - making sweet and savoury delights, and getting paid for it. ©rawpixel via 123RFThese days who doesn't need an extra bit of income? Bonus points for earning it while doing what you enjoy. Whether you just want to take the occasional order from your immediate social circle, start peddling your creations on the market circuit, or have grander aspirations of setting up a franchise or releasing a full-colour cookbook, an entrepreneurial mindset will help you match your dreams to reality.

Cape Town's tastiest food markets

Markets are all the rage in the Mother City and there's no shortage of great ones to visit with family or friends. We all love finding a good gift somewhere or browsing through local products, but one thing we can all agree on is that food is king. If you're looking for the best markets to appease your hunger, we've got just what you're looking for.

Massmart battles one of the worst retail environments yet in SA

Massmart, which is 51% owned by US giant Walmart, is battling one of the worst retail environments yet it has seen in SA, chair Kuseni Dlamini says.   "The environment is very challenging from a retail perspective. It's one of the worst retail environments we've seen in many years," Dlamini told Business Day on the sidelines of the African Investment Forum last week.

Business rescue or liquidation - when to choose which

Authored by: Faith Ngwenya, spokesperson of the South African Institute of Professional Accountants (SAIPA) A recent trend that has emerged in South African businesses shutting their doors is to opt for the path of business rescue, as opposed to liquidation. While many believe that a business rescue process is only implemented to stall a liquidation, thereby also frustrating the creditors of a company, this is not the case. Business rescue, which is a process of rehabilitating a business that is in financial distress by providing temporary supervision and management by a business rescue practitioner, should not be used as means to stall the liquidation process.

LeoSat Introduces the first business backbone in space at Africa Com 2018

LeoSat - The World's First Business Backbone in Space LeoSat at AfricaCom 2018 - New low earth orbit satellite constellation providing the first backbone in space specifically designed for global business AfricaCom - Stand A114, Hall 4 LeoSat Highlights: • Unique global data network using inter-satellite links to provide an MPLS network in space • Optical backbone in space 1.5 times faster than terrestrial fiber • Extremely-low latency and ultra-secure network • Combining the speed of fiber with the reach of satellite Cape Town , 13th November 2018-LeoSat Enterprises, which is launching a constellation of up to 108 low-earth-orbit communications satellites that will provide the fastest, most secure and widest coverage data network in the world, is participating for the first time at #AfricaCom2018 in Cape Town . Ronald van der Breggen, CCO of LeoSat will be outlining LeoSat's game-changing system - a key enabler of the digital economy - offering many advantages for data communications.

Think like a start-up: 3 lessons for big business

Morné Stoltz, Head of MiWay Business Insurance September marks the celebration of Small Business Month, shining the spotlight on an ever growing but thoroughly challenged industry. Yet, while many tend to focus on the lack of funding and public sector support for these emerging enterprises, there is also plenty to celebrate and lots that larger companies can learn from their smaller, nimbler counterparts. Small and medium enterprises are fast becoming massive economic drivers for the South African economy, currently accounting for roughly 34% of the country's total GDP[i].

‘Mr Fearfokkol' trolls ‘Hairman' Mashaba about the legality of his business

ANC head of elections Fikile Mbalula took to Twitter, as he is known to do, to confront Johannesburg mayor Herman Mashaba. Mbalula dug up an old tweet from the Joburg department of economic development, quoting Mashaba on how he started as an entrepreneur. "I started a career in business after buying a car, I sold products from the boot of my car," Mashaba is quoted as saying.

SweepSouth wins best small business category at Savca Industry Awards

On demand cleaning service SweepSouth  has won the Best Small Company category at the inaugural Southern African Venture Capital and Private Equity Association ( Savca ) Industry Awards, which took place at a gala event held in Johannesburg last Thursday (8 November). Internet service provider  Vumatel  won the award for best medium-sized company, while outsourcing company  Tsebo Solutions Group  took top honours for the best large company category. In all, nine companies were shortlisted across three categories for the awards, which aim to recognise portfolio companies that have thrived from private equity and venture capital investment in the region.

Politics Masterclass: Everything Business Needs to Understand

The political landscape has a profound effect on business confidence and investment. Years of political instability and poor policy frameworks along with corruption have contributed significantly to SA's economic stagnation and lack of investor confidence. Globally, long-established institutions are being challenged, and a prevailing sense of dissatisfaction has led to many countries becoming inward looking and protectionist.

When things go bad. Business liquidation or business rescue?

South African companies in financial trouble are opting for business rescue rather than shutting their doors. While many believe that a business rescue process is only implemented to stall a liquidation, thereby also frustrating the creditors of a company, this is not the case. Faith Ngwenya of SaipaBusiness rescue, which is a process of rehabilitating a business that is in financial distress by providing temporary supervision and management by a business rescue practitioner, should not be used as means to stall the liquidation process.

Significant shifts in Winelands sales and rentals markets this year

his modern new apartment with mountain and golf course views is situated in a lifestyle complex with amenities such as restaurants, business centre, games room, braai facilities, swimming pool, laundromat, and cinema. A selling price of R1.29 million includes a fully equipped kitchen with refrigerator, gas hob and electric oven, washing machine and tumble tryer.

Hogan: Zuma wanted a ‘rogue' CEO at Eskom

In 2009, former president Jacob Zuma attempted to "install" Jacob Maroga as the chief executive of Eskom, the commission of inquiry into state capture heard on Tuesday. During her testimony before the commission chaired by Deputy Chief Justice Raymond Zondo, former Public Enterprises Minister Barbara Hogan detailed how Zuma had halted the resignation of Maroga — interfering with the Eskom board's decision to accept his resignation. According to the Eskom board at the time — chaired then by former AngloGold Ashanti CEO Bobby Godsell — Maroga had offered to resign as chief executive in October 2009.

2018/19 Premier League top scorers: Sergio Aguero leads race

- Aguero's thunderous strike against Man United in the Manchester derby saw him top list of Premier League scorers with eight goals to his name - Hazard and Aubameyang rank second with seven goals each - Mo Salah, who claimed the Golden Boot award last season is third with six goals alongside seven other Premier League players PAY ATTENTION : Click "See first" under the "Following" tab to see Briefly News on your newsfeed! The English Premier League is well and truly underway, and the race to win the prestigious Golden Boot award has sure begun in earnest. Liverpool star forward Mohamed Salah is seeking to claim the title this season having won it in the 2017/18 season after a record-breaking haul of 32 goals. However, the Egyptian talisman is facing stiff competition from Chelsea forward Eden Hazard, Man City star Sergio Aguero and Arsenal striker Pierre-Emerick Aubameyang who currently lead the the pack.

Morkel to captain Durban Heat in Mzansi Super League

Experienced former Proteas all-rounder Albie Morkel has been selected to captain the Durban Heat for the upcoming Mzansi Super League which starts for the Heat with a home game against the Cape Town Blitz on Sunday. The 37 year-old is arguably one of the most successful captains in South African franchise cricket and has played T20 cricket all over the world, including a long stint with the Chennai Super Kings in the Indian Premier League. With 309 T20 caps to his name, Morkel's experience is almost unmatched in the MSL and given the all-rounder's match-winning ability with both ball and bat it was an easy decision to give him the captaincy.

Pepkor hands over list of footwear Mr Tekkie 'can't sell'

Pepkor (formerly Steinhoff Africa Retail) on Tuesday delivered a list of Tekkie Town footwear to Mr Tekkie's attorneys that it claims the latter is prohibited from stocking. This follows an order by the Western Cape High Court last week that prevents Mr Tekkie from stocking certain footwear in their stores. According to a statement by Pepkor, "the list is confidential, but it is both lengthy and comprehensive".

Union throws spanner in works with Sibanye-Lonmin deal

JOHANNESBURG — South Africa's Lonmin mine seems to be intertwined with tragic drama in South Africa. The tragic Marikana Killings in 2012 shook the nation. And years later, Lonmin continues to struggle as a business.

MTN Group in financial services push

MTN Group is set to apply for a mobile banking license in Nigeria, and is expected to launch the service in 2019, Reuters reported. "We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," CEO Rob Shuter said. Nigeria, is MTN's biggest market, however the group is currently in negotiations to secure a deal with Nigeria's central bank over an order to repay $8.

'I don't spend much. I drive an old car. I've never been in debt'

17 hours ago I went to a private school where Ewan McGregor went… He's a nice bloke. His father was the gym teacher… I enjoyed it. Chris Gilmour, Investment Analysts Society SA I don't spend an awful lot of money… I drive a 12-year-old car.

MTN applies for mobile banking license in Nigeria

The MTN Group will apply for a mobile banking license and launch a service in Nigeria in 2019, according to its Chief Executive Officer (CEO) Rob Shuter on Tuesday. This will further embed the South African telecoms company in its biggest but increasingly problematic market. "We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," Shuter told a telecoms conference in Cape Town.

MTN to apply for mobile money license in Nigeria

South African mobile phone group MTN Group plans to apply for payment banking license in Nigeria and launch a service in Africa's biggest economy by the second quarter of 2019, its chief executive said on Tuesday. "We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," Rob Shuter said. To watch Creamer Media's latest video reports, click here.

Politics Masterclass: Everything Business Needs to Understand

The political landscape has a profound effect on business confidence and investment. Years of political instability and poor policy frameworks along with corruption have contributed significantly to SA's economic stagnation and lack of investor confidence. Globally, long-established institutions are being challenged, and a prevailing sense of dissatisfaction has led to many countries becoming inward looking and protectionist.

Not all iron ore is created equal

Themba Mkhwanazi was appointed CEO of Kumba Iron Ore in September 2016, at a time of adversity and significant change for the business. Fast forward almost two years, and Kumba profits have soared under Mkhwanazi's leadership. By Mpinane Senkhane Mkhwanazi was appointed CEO following Norman Mbazima's decision to step down after four years in charge.

Creating Your Own Successful Bitcoin Business-Part 66

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Police hunt for Hillcrest business robbery suspects

It's alleged the men held up security guards at the Link Hills shopping centre, before breaking into a liquor store.  They then stole a large amount of alcohol, cigarettes and demanded cellphones from the guards.  A member of the public tried to intervene, however the suspects then fired shots in his direction, which struck a nearby car.

Here's What You Should Know to Start a Business in the Agriculture Sector

Livestock is the top commodity industry in South Africa's agriculture sector, it accounts for 49.8% of the country's total agriculture gross producer value (GPV), says Paul Makube, Senior Agricultural economist at FNB Agri-Business. Makube adds that the other main commodity industries are horticulture and field crops with 27.

Vodafone lifts Britain's FTSE as trade optimism buoys markets

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.2 pct* Vodafone leads gainers on reassuring update* Experian, Melrose, BTG gain after results* Taylor Wimpey hit by cautious outlookBy Danilo MasoniMILAN, Nov 13 (Reuters) - The UK's top share index rose on Tuesday helped by a rally in Vodafone shares after the mobile operator announced further cost cuts and plans to lift cash flow.The FTSE 100 index rose 0.

Joburg to host DISCOP markets

South Africa 4th Floor West Tower, Sandown Mews, 88 Stella Rd. Sandton, Gauteng South Africa 2196 +27113840300 CNBC Africa Nigeria 6th Floor (East & West Wing), South Atlantic Petroleum Towers, 1 Adeola Odeku Street, Victoria Island, Lagos State Nigeria +234 (1) 279 8034/ 5 CNBC Africa Kenya 4th Floor CVS Plaza Business Park Nairobi Kenya +254 728202051 CNBC Africa Rwanda RBA office KG7 Avenue Kacyiru Kigali Rwanda +250-734175008 Admin Office: 1st floor Kigali Convention Centre Kigali Roundabout Kimihurura Kigali Rwanda.

Exxaro accelerates investment in SMMEs

South Africa's black empowered coal mining company Exxaro Resources is sponsoring 67CEOs Foundation's Global Entrepreneurship Week workshop in a bid to promote entrepreneurship in South Africa. The workshop will take place in Sandton over five days and is aimed at coaching and mentoring 500 SMMEs. The theme of the workshop is Advancing Inclusive Ecosystems Exxaro CEO Mxolisi Mgojo says the coal miner was sponsoring the workshop because Exxaro is prioritising Enterprise Supplier Development.

How can corporates support social enterprises in South Africa?

By Rachael Millson, African Partnerships Director, Social Enterprise Academy South Africa. (Social Enterprise Academy South Africa is the knowledge partner for the Social Enterprise topic on the Trialogue Knowledge Hub.) In this article, she looks at how corporates can support the rapidly growing social enterprise sector in South Africa.

Meet the Cape Town, Jozi startups that will pitch at Seedstars SA finals

After holding pre-selection rounds in Cape Town and Johannesburg, emerging market startup competition Seedstars World will tomorrow (14 November) host the Seedstars South Africa Finals in Cape Town. The finals will take place at Seedspace Cape Town . At the event, seven South African startups from Cape Town and Johannesburg will compete for an opportunity to represent the country at the Seedstars Africa summit in Tanzania next month and the global summit in Lausanne, Switzerland in April next year.

Ghana Opens Commodities Exchange in Push to Lift Farmer Income

Ghana is opening its first commodities exchange as the West African nation seeks to raise the income of farmers by connecting them with buyers for their produce, eliminating crop wastage. The Ghana Commodities Exchange will Tuesday begin facilitating trade in yellow and white corn, soybeans and sorghum, Chief Executive Officer Kadri Alfah said in a phone interview Monday from the capital, Accra. The state-owned bourse will allow mostly small-scale farmers to deliver as little as one metric ton of produce to warehouses and be paid within a day after a transaction, he said.

Diamond jewellery sales facing never-seen-before challenge in luxury stakes

DIAMOND jewellery sales should grow between 2% and 3% in 2018 owing to high consumer confidence in the US and the emergence of a firm underpin in China, but a shift in attitudes towards jewellery would challenge the diamond market as never before. "Never before, we suggest, have natural diamonds seen such competition from other ‘luxuries' ranging from electronic items to holidays," said Des Kilalea, a diamond analyst for Canaccord Genuity in a report dated November 7. "The decline in diamond's share of luxury spending, and the fall of diamond value in jewellery pieces needs to be reversed if rough and polished prices are to see any sustained upward momentum, in our view," he said.

Bidvest McCarthy's Sunbelievable car sale starts now

Take advantage of McCarthy's great car deals this summer It's summertime and the weather is sweet. So, of course, a beach holiday is top of mind and the countdown to going on a road trip to your favourite coastline has already begun. Before hitting the road, though, are you thinking how nice it would be to drive a fresh, new summer ride? Look no further than Bidvest McCarthy's Sunbelievable Car Sale.

Various accidents in and around town leave two dead, many injured

Various accidents occurred in and around Krugersdorp last weekend. During the evening of Friday, 9 November, a vehicle accident on the R509 in Magaliesburg claimed the lives of two occupants while four others sustained various injuries. According to Werner Vermaak from ER24's communications office, ER24 paramedics and other emergency services arrived on the scene shortly after 4pm and found six people outside the car.

UPDATE 1-Zambia committed to improving debt transparency - president

(Adds quote, context) LIVINGSTONE, Zambia, Nov 13 (Reuters) - Zambia is committed to improving the transparency of its debt management and will ensure that debt levels remain sustainable, President Edgar Lungu said on Tuesday, responding to concerns about rising debt in Africa's second-largest copper producer. The International Monetary Fund (IMF) rejected Zambia's borrowing plans earlier this year and said the southern African country was at high risk of debt distress, unnerving investors holding Zambian debt. "Zambia will remain steadfast in ensuring that our debt remains sustainable and does not compromise our sovereignty," Lungu told a conference organised by the World Bank.

MTN to apply for mobile money license in Nigeria

MTN Group says it plans to apply for payment banking license in Nigeria and launch a service in Africa's biggest economy by the second quarter of 2019, its chief executive said on Tuesday. | CAPE TOWN - South African mobile phone group MTN Group plans to apply for payment banking license in Nigeria and launch a service in Africa's biggest economy by the second quarter of 2019, its chief executive said on Tuesday."We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," Rob Shuter said.

MTN plans to apply for mobile money license in Nigeria

The telecommunication company also plans to apply for a payment banking license in the West African country. CAPE TOWN (Reuters) - South African mobile phone group MTN Group plans to apply for payment banking license in Nigeria and launch a service in Africa's biggest economy by the second quarter of 2019, its chief executive said on Tuesday. "We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," Rob Shuter said.

South Africa's MTN aims to offer mobile banking in Nigeria next year

(Adds details)CAPE TOWN, Nov 13 (Reuters) - MTN Group will apply for a mobile banking license in Nigeria and launch a service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market."We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," Rob Shuter told a telecoms conference in Cape Town.MTN, Africa's biggest telecoms company, has faced challenges in Nigeria where it has been ordered by the central bank to return $8.

MTN to buy Simfy: report

MTN Group plans to buy music streaming provider Simfy, according to a report. Business Day quoted CEO Rob Shuter as saying that Simfy would continue to operate as a standalone entity and would not be rebranded. Simfy Africa is wholly owned by Exactmobile, according to its website.

MTN set to relaunch Mobile Money in South Africa

MTN Group CEO Rob Shuter Two years after pulling the plug on its Mobile Money service in South Africa, MTN Group plans to relaunch the service in South Africa, according to a source with knowledge of the matter. Business Day reported earlier on Tuesday that MTN plans to relaunch Mobile Money in South Africa and Nigeria in the first half of 2019. The publication quoted group CEO Rob Shuter as saying he was confident the company could "make it work".

EDITOR'S LUNCHBOX: We are in big trouble if Cyril Ramaphosa does not stand up to the EFF

Telkom CEO Sipho Maseko would have been Transnet's CEO if not for Jacob Zuma, and Right2Know fights for SA's right to know how NDPP is chosen Stories of note Bytes from the digital world Telkom CEO Sipho Maseko would have been Transnet's CEO if former president Jacob Zuma had not insisted on giving the job to recently fired Siyabonga Gama. Right2Know will hopefully prevent the selection of Shaun Abrahams's replacement as national director of public prosecutions being done in secret. In my opinion Matters of debate Another lost decade of growth and an overall decline in prosperity looms unless president Cyril Ramaphosa stands up to the EFF, writes Carol Paton.

Exquisite Breakfast at annual client treat

To thank and continue to build and maintain relationships with its key stakeholders, the Career Centre at The IIE's Varsity College Durban North and Westville campuses recently hosted a Client Treat Breakfast at the Antique Café. Alice Leah (Operations Manager at Finfind) hosted the ice breaker which gave the guests a chance to find common personality characteristics and Mthoko Shange (Co-founder and a Partner at Giant Steps SA) spoke on ‘Knowing and focussing on your ‘Why?‘ to stay motivated'. "Our Annual KZN Client Treat Breakfast was a huge success.

Lonmin's biggest union wants Sibanye deal stopped over jobs

The Association of Mineworkers and Construction Union (AMCU) has asked antitrust authorities to stop Sibanye Gold's [ JSE:SGL ] purchase of the struggling platinum miner should the new company intend to press ahead with more than 10 000 job cuts. Lonmin  [JSE:LON ] has proposed 12 459 job cuts at mines that will run out of commercial deposits in the next three years. That's an "inflated" target, AMCU told the Competition Tribunal, which is hearing public comments on the deal.

EXCLUSIVE: Nedbank out to pitch

by Herman Manson ( @marklives ) The Nedbank advertising account has gone out to pitch. "In adherence with principles of good governance, we can confirm that a number of Nedbank accounts\services are out to pitch, including creative, both ATL and BTL," confirms Khensani Nobanda, Nedbank group executive, marketing and corporate affairs. "As the process is currently underway, we are not in a position to provide further detail due to confidentiality issues; however, further information will be provided in due course.

Lonmin's biggest union wants Sibanye deal stopped over jobs

Lonmin has proposed 12 459 job cuts at mines, and union Amcu says it warrants for the transaction to be prohibited. Lonmin's biggest labour union has asked antitrust authorities to stop Sibanye Gold's purchase of the struggling platinum miner should the new company intend to press ahead with more than 10 000 job cuts. Lonmin has proposed 12 459 job cuts at mines that will run out of commercial deposits in the next three years.

UPDATE 1-South Africa's MTN aims to offer mobile banking in Nigeria next year

(Adds details) CAPE TOWN, Nov 13 (Reuters) - MTN Group will apply for a mobile banking license in Nigeria and launch a service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market. "We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," Rob Shuter told a telecoms conference in Cape Town. MTN, Africa's biggest telecoms company, has faced challenges in Nigeria where it has been ordered by the central bank to return $8.

AYO sets its sights on more acquisitions

AYO said the business had a broad base of blue chip private customers and public sector customers with a strong annuity-based income..

CBN assesses performance of financial markets in H1

The Central Bank of Nigeria has published the half year activity report highlighting the performance of the country's financial markets in the first half of this year. Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa to discuss some of the key points indicated in the report. https://www.

#BlackFriday: The Small Business Guide

By Viresh Harduth, Vice President: New Customer Acquisition (Start-up and Small Business) for Sage Africa & Middle East Black Friday is coming up (23 November), a day when consumers rush to online and physical stores in their thousands, hoping to secure too-good-to-be-true, never-to-be-repeated deals and save money on their Christmas shopping. Typically a US tradition, Black Friday gets bigger every year in South Africa: in 2017, sales increased by 2571% over 2016. Small businesses may feel they need to take part or suffer from a major case of FOMO (fear of missing out).

It's Never Too Late To Start A Business

ship at any age is key to minimising unemployment in SA. Whilst the country continues to battle a high unemployment rate - which increased to 27,5 percent, according to the Quarterly Labour Force Survey for the Third Quarter of 2018 - the narrative of entrepreneurship as a viable career choice should be widely promoted and encouraged across all generations. However, according to Anton Roelofse, regional general manager at Business Partners Limited (BUSINESS/PARTERS), the recently released 2018 Real State of Entrepreneurship Survey, compiled by Seed Academy and Old Mutual, revealed that 80 percent of entrepreneurs in South Africa are under the age of 45, with the majority of entrepreneurs reported to be between the ages of 25 and 34.

Huawei underlines enterprise, carrier business at AfricaCom 2018

Multinational ICT firm Huawei is using its attendance at AfricCom 2018, currently underway in Cape Town, South Africa, to remind the market that its focus is not only on smartphones. The company will officially launch its public cloud data centre in Africa at the event - and has scheduled several presentations focused on digital technology themes including Internet of Things (IOT), mobile video innovation and the development of smart cities. Speaking to ITWeb Africa on the sidelines of the event, Edison Xie, Director of Media Relations at Huawei Southern Africa, said the company had made strides with its smartphone business and there is definitely progress with brand awareness globally and in Africa, but it has also gained ground as a carrier and its enterprise silo is the fastest growing in the Group.

SAA: Business as usual, despite shutdown talk

Tue, 13 Nov 2018 SAA has confirmed its business continuity in a statement after the government clarified that the airline would not be shut down or sold. The airline said: "SAA's {turnaround} strategy implementation is on track and there are ‘green shoots' that indicate positive results on initiatives already implemented, particularly in the airline's route network. This follows the implementation of capacity adjustment in the domestic market and network optimization in the regional and international markets.

This Entrepreneurship Veteran has Some Truths That Will Improve Your Business

It's Global Entrepreneurship Week (GEW) in South Africa and entrepreneurship is trending. One man who has never been afraid to share the realities of being an entrepreneur is Allon Raiz, founder and CEO of Raizcorp, a business incubator. Raiz hosts The Big Small Business show, a Business Day TV show focusing on giving business advice to entrepreneurs.

JSE inches higher despite US rout

The Dow slumped on Tuesday, but local stocks are pushing higher, led by banks and retailers, which are tracking rand gains A mild rand recovery on Tuesday helped lift retailers and banks, putting the JSE on track for its first positive close in three sessions. The rand had weakened to about R14.50/$ overnight, but recovered slightly on Tuesday.

Germany's Maas: It's good China wants to open its markets further

BERLIN, Nov 13 (Reuters) - Foreign Minister Heiko Maas said during his trip to Beijing that it was a good signal that China wanted to open up its markets further, the German Foreign Ministry said on Twitter.The ministry cited Maas as saying: "We have followed with interest (Chinese President) Xi Jinping's announcement that he wants to further open China's markets. It's a good and correct signal.

Renewed spark of activity noted in Winelands sales, rentals markets

The growing challenge of affordability and an increasingly cautious investor sentiment have fuelled the rental market in the Winelands, where enquiries have picked up significantly in recent months after a slow start to the year. Image source: Lew Geffen Sotheby's International Realty This is according to Chris Cilliers, CEO and principal for Lew Geffen Sotheby's International Realty in the Winelands and Helderberg, who says that the renewed spark of activity is being seen across all sectors. "There has also been a steady increase in the amount of rental stock available as many owners who can't sell or are not achieving their desired sale price are renting out their properties instead and there has therefore not been a significant increase in rental prices this year.

Tencent's Q3 ad revenue in focus as games business slows on China crackdown

* Results due on Wednesday* Tech giant expected to post 7 pct rise in Q3 profit* Revenue forecast to grow at slowest pace in over 3 years* About $162 bln wiped off Tencent market cap this yearBy Sijia JiangHONG KONG, Nov 13 (Reuters) - Tencent Holdings is expected to report a small rise in quarterly net profit on Wednesday, with a steady gain in advertising revenue helping offset a slump in its core gaming business caused by a prolonged regulatory crackdown.China, the world's biggest gaming market, stopped approving new games since March amid a regulatory overhaul, leading to Tencent reporting its first profit decline in more than a decade in the June quarter. Tencent is now cutting the marketing budget for the gaming division.

Building a successful business: Five lessons from top African entrepreneurs

Chijioke Dozie Running your own company is an intense rollercoaster ride, where the highs are high, and the lows debilitatingly low. HOW WE MADE IT IN AFRICA: THE BOOK , published in association with Business Partners Limited and the UCT Graduate School of Business, tells the stories of 25 entrepreneurs who've built thriving businesses . Here are some lessons from the businesspeople featured in the publication on how to grow a startup into a flourishing enterprise.

Larry Poons: Art isn't business

The octogenarian painter stars in The Price of Everything, a new film about the machinations of the market airing on HBO An artist walks through a snowbound landscape in upstate New York, on his way to toil in his woodshed studio. He spoons paint onto his palette with his hands before applying bright colours to a vast canvas. This is Larry Poons, the unlikely star of The Price of Everything, a new documentary film by Nathaniel Kahn exploring the grittiness of the contemporary art market.

Tencent's Q3 ad revenue in focus as games business slows on China crackdown

* Results due on Wednesday * Tech giant expected to post 7 pct rise in Q3 profit * Revenue forecast to grow at slowest pace in over 3 years * About $162 bln wiped off Tencent market cap this year By Sijia Jiang HONG KONG, Nov 13 (Reuters) - Tencent Holdings is expected to report a small rise in quarterly net profit on Wednesday, with a steady gain in advertising revenue helping offset a slump in its core gaming business caused by a prolonged regulatory crackdown. China, the world's biggest gaming market, stopped approving new games since March amid a regulatory overhaul, leading to Tencent reporting its first profit decline in more than a decade in the June quarter. Tencent is now cutting the marketing budget for the gaming division.

Lifestyle Decoding the business-casual dress code By Yamkela Mdaka

Decoding the business-casual dress code Print this articl We show you how to pull off the business-casual look perfectly. The business casual-dress code might sound simple and straightforward, but it's not as cut and dry as you may think. The first thought that comes into most men's minds when they think business-casual is probably the typical chinos and shirt combo, or throwing a suit on over a T-shirt and pairing it with sneakers.

South Africa's MTN to apply for mobile money license in Nigeria

CAPE TOWN, Nov 13 (Reuters) - South African mobile phone group MTN Group plans to apply for payment banking license in Nigeria and launch a service in Africa's biggest economy by the second quarter of 2019, its chief executive said on Tuesday. "We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019," Rob Shuter said. Reporting by Wendell Roelf Editing by James Macharia.

Woman, 70, turns down proposal of man she's dated for 20 years

- Nomsa Mdhluli took to Twitter to share a surprising story about her 70-year-old aunt - She said her aunt had dated a man for 20 years - When he proposed recently, however, she turned him down PAY ATTENTION : Click "See first" under the "Following" tab to see Briefly News on your newsfeed! A stunned woman based in Gauteng took to Twitter recently to share an incredible love story about her aunt. Nomsa Mdhluli, who works as a journalist and news anchor for SABC, said her elderly aunt turned down a man's proposal unexpectedly. She wrote: My 70-year-old aunt has been dating her man for 20 years.

SPAR Grand Prix Awards bedazzle in Broadacres

BROADACRES - SPAR Grand Prix's top runners are awarded in style. It was a day for honouring running's best at the glitz and glamour-filled SPAR Grand Prix Awards. A month after the sixth and final race in the Grand Prix was held in Joburg, winners, sponsors, guests and dignitaries attended the awards at the beautiful Buitengeluk venue in Broadacres on 8 November.

Australian and European investments come to Investec Property Fund's rescue

The offshore investments helped to offset the muted growth in the local market Investec Property Fund's (IPF) decision to invest in Australia and Europe continues to reap rewards for the company, which managed to beat other mid-caps in terms of dividend growth in the latest reporting season. The company, which was created by the Investec group, reported interim dividend growth of 5.4% in the six months to end-September, which was better than most mid-sized property counters in the sector, which have managed to increase dividends between only 1% and 4%.

Revenue, profit growth for AYO

JSE-listed AYO Technology Solutions Limited (AYO) has posted revenue and profit growth for the financial year ended 31 August 2018. Revenue increased by 33% from R478-million to R639-million, with profit before tax up by 390% from R40-million to R196-million. Total assets increased by 1 500% from R292-million to R4 671-million and net asset value increased by 6 570% from R67-million to R4 469-million.

Vumatel, Tsebo recognized at VC awards

Vumatel and Tsebo, two companies funded by Vantage Capital, were recognised as the best medium-size and large-size private equity-backed South African growth champions respectively, at the inaugural South African Private Equity and Venture Capital Association (SAVCA) 2018 Industry Awards. The 2018 SAVCA Industry Awards was the first of its kind hosted by the Association. The awards seek to recognise portfolio companies that have thrived from private equity and venture capital investment.

Australian shares pulled lower by banks, commodity firms; NZ also down

(Corrects company RIC for Rio Tinto in 8th paragraph)* Westpac falls 5.4 percent, trades ex-dividend* Technology stocks decline in line with Wall Street* Financial and healthcare stocks drag NZBy Shriya RamakrishnanNov 13 (Reuters) - Australian shares tumbled on Tuesday, as banks and commodity stocks bore the brunt of a sell-off after a slide on Wall Street sapped global risk sentiment.Most equity markets in Asia recouped some of their losses on media reports China's top trade negotiator was preparing to visit the United States as investors watched for signs of a de-escalation in their trade war.

Old Mutual Investment Group launches SA's first ESG Index tracker unit trusts

The global population is becoming increasingly aware of the rising threat of runaway climate change, resource depletion and pollution growth on our planet. This has led to an escalation in general consumer demand for more sustainable practices and products from companies, with both global and South African companies responding with more sustainably designed products, including investment funds. Despite an increase in consumer products designed with environmental, social and governance (ESG) factors in mind, there are still few options available to the average retail investor who wants exposure to responsible investments.

Peter Malebye appointed managing executive for Vodacom IoT division

Vodacom has appointed Peter Malebye as managing executive for IoT Africa Vodacom Group Business. Malebye previously held the position of managing executive for industrial/commercial IoT at BCX and has almost 20 years of experience spanning various industries. Vodacom's chief enterprise officer William Mzimba said: "We are delighted to announce Peter's appointment as IoT Managing Executive for Vodacom Group Business.

Retirement benefits: a new era?

JOHANNESBURG - With retirement funds obliged to make available fund-endorsed solutions for preserving your savings and providing an annuity when you retire, in line with the Default Regulations promulgated by National Treasury, your chances of retiring comfortably are expected to improve considerably, industry experts say. Treasury's new regulations for retirement funds, which come into full effect in March next year, require funds to, among other things: have default investment strategies in place for pre-retirement savings, with members also able to select "non-default" investment options; offer clear communication and counselling to members, particularly when they join a fund and when they leave it; provide trustee-endorsed "default" options for preserving their savings when they exit a fund on changing jobs; and provide trustee-endorsed annuity options when they retire. Although it is too early to tell for sure, the signs are that, among funds that already have trustee-endorsed strategies in place, members are more likely to preserve their savings than take cash when changing jobs.

JSE may escape global tech rout

Telkom, Investec Property Fund, and African Equity Empowerment Investments are expected to release results on Tuesday.

Vodacom appoints new IoT managing executive

The Vodacom Group has appointed Peter Malebye as managing executive for Internet of Things (IoT) Africa Vodacom Group Business. Malebye will replace Deon Liebenberg - who left Vodacom in May - and will report to Vodacom Group Business chief enterprise officer, William Mzimba. Malebye will be responsible for driving thought leadership, strategic direction, business development and the sustained growth of Vodacom's IoT business across the continent.

MTN mulls share sale in Rwanda

MTN Group's Rwanda unit is considering a share sale on the country's stock exchange to help fund planned network upgrades. The move would follow an initial public offering of MTN's Ghanaian division earlier this year, pursued by Africa's largest wireless carrier in exchange for new spectrum. MTN's Nigeria business has pledged to sell shares in Lagos, while an IPO in Kampala is under review for Uganda.

No festive cheer ahead for the rand, Nedbank says

An expected seasonal dollar-liquidity crunch means the outlook for South Africa's rand is anything but merry as the year draws to a close. Funding requirements of large European and Japanese banks going into year-end, together with the Federal Reserve's tighter monetary policy, will probably lead to greater demand for dollars and rising offshore funding costs, according to Mehul Daya and Walter de Wet, strategists at Nedbank Group Ltd. in Johannesburg.

Teleology Appoints New Board of Directors for 9mobile

Stephane Beuvelet, new Acting Managing Director, 9mobile Teleology has announced the constitution of a new Board of Directors for Nigeria's multi-award-winning telecommunication company, 9mobile, following the successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfillment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited. We thank all out-going members of the Board for helping to shepherd 9mobile through the critical transition phase it has passed through since July 2017 and wish them the very best in their future assignments. The composition of the new Board of Directors is another significant milestone, and this follows the issuance of final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to the effect that the technical and financial bids Teleology submitted for 9mobile met and satisfied all the regulatory requirements.

WATCH: Durban homecoming for Proteas veteran Amla

Amla was named as the Durban Heat marquee Proteas player ahead of the national T20 competition in October. He was one of six Proteas players allocated for the six teams, alongside Faf du Plessis (Paarl Rocks), AB de Villiers (Tshwane Spartans), Kagiso Rabada (Jozi Stars), Imran Tahir (Nelson Mandela Bay Giants) and Quinton de Kock (Cape Town Blitz). Following that, the rests of the squads were decided by an exciting player draft.

SPAR Grand Prix Awards bedazzle in Broadacres

It was a day for honouring running's best at the glitz and glamour-filled SPAR Grand Prix Awards. A month after the sixth and final race in the Grand Prix was held in Joburg, winners, sponsors, guests and dignitaries attended the awards at the beautiful Buitengeluk venue in Broadacres on 8 November. Cristina Rodrigues entertains at the SPAR Grand Prix Awards.

SPAR Grand Prix Awards bedazzle in Broadacres

BROADACRES - SPAR Grand Prix's top runners are awarded in style. It was a day for honouring running's best at the glitz and glamour-filled SPAR Grand Prix Awards. A month after the sixth and final race in the Grand Prix was held in Joburg, winners, sponsors, guests and dignitaries attended the awards at the beautiful Buitengeluk venue in Broadacres on 8 November.

SPAR Grand Prix Awards bedazzle in Broadacres

BROADACRES - SPAR Grand Prix's top runners are awarded in style. It was a day for honouring running's best at the glitz and glamour-filled SPAR Grand Prix Awards. A month after the sixth and final race in the Grand Prix was held in Joburg, winners, sponsors, guests and dignitaries attended the awards at the beautiful Buitengeluk venue in Broadacres on 8 November.

Polls, policy and petrol

Politics dominated the global market agenda last week, with the US mid-term election front and centre. For once, things went more or less according to script. President Trump's Republican Party retained the Senate, the upper house of the Congress, but ceded control of the House of Representatives to the Democrats.

JSE may escape global tech rout

Telkom, Investec Property Fund and African Equity Empowerment Investments are expected to release results on Tuesday Nasdaq's 2.78% drop on Monday, led by Apple falling 5% to $194.17, set the tone for Asian markets on Tuesday morning.

Vodacom shares plummet due to slow revenue growth

Vodacom Group Ltd. shares fell the most in almost eight months after the wireless carrier with the most South African customers reported slower revenue growth in its domestic market, as a sluggish economy hurt consumer spending. South African first-half sales rose by 4.

Plumblink positioned for growth with Cquential Warehouse Management Systems

Plumblink, a leading specialist plumbing, bathroom and kitchenware merchant, has announced the deployment of Cquential Warehouse Management Systems (WMS). Cquential is a member of the Argility Technology Group. Plumblink selected Cquential WMS because it could deliver a robust platform that would support the company's growth, brand building, enhanced governance and heightened customer service strategies.

Localise or globalise: how ERP manages operations across locations

Across the manufacturing and distribution sectors, improving operational efficiency is the difference between success and failure. To achieve this, organisations must employ the latest technology for effective enterprise resource planning (ERP). When managed correctly, ERP integrates all aspects of an organisation's operational workflow, bringing product planning, development, manufacturing, sales and marketing together to create a streamlined and united big picture.

Regional Risks for Doing Business

The World Economic Forum has been publishing The Global Risks Report since 2006, highlighting each year the vulnerability of our increasingly networked and interconnected world to volatility and disruption. The relevance of the risk perspective has only increased with time. Globally, we have been living through a period of unprecedented improvements in living standards, but this period is also unsettled and unsettling.

From political support to business confidence

Do we have what it takes to have sustained investments? In the second quarter of this year, President Ramaphosa's approval ratings sat at 73% countrywide, according to the IPSOS poll. This was corroborated by the regular Citizens Surveys polls, which recorded 68% support for the president countrywide. However, by the third quarter, the surveys showed that the president's approval rating has declined to 56%.

Creating Your Own Successful Bitcoin Business-Part 66

: If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once […].

Specter of oil rebound haunts Emerging Markets again as dollar rides high

Emerging markets are already contending with US-China trade tensions, policy tightening in developed countries and a resurgent dollar. So any sudden rebound in oil prices would be exactly what they don't need right now. But that may be what they get as the year draws to an end.

Saudi Arabia-based ICD looks to deepen sukuk markets - new CEO

Nov 13 (Reuters) - The Saudi Arabia-based Islamic Corporation for the Development of the Private Sector (ICD) hopes to expand its capital market activities and attract new corporates to issue sukuk, or Islamic bonds, its chief executive told Reuters. The ICD, the private-sector arm of the Islamic Development Bank Group, has sought to help develop Islamic finance across its 53 member countries and in recent years has focused its work in Africa and central Asia. While ICD has advised several governments on their debut sales of sukuk, including Senegal, Jordan, Nigeria and Ivory Coast, it hopes to attract private companies to the market as well, chief executive Ayman Sejiny said in an interview.

Tencent-backed Chinese travel firm slashes HK IPO size amid weak markets

(Adds Babytree comment on cancelled news conference)By Julia Fioretti and Julie ZhuHONG KONG, Nov 13 (Reuters) - Tencent Holdings-backed online Chinese travel firm Tongcheng-Elong launched a far smaller-than-expected Hong Kong IPO of up to $233 million on Tuesday, amid a weak stock market and a string of poor performances from recent listings in the city.Tongcheng-Elong, which is also backed by travel website Ctrip.Com International, is selling about 143 million shares at a price range of HK$9.

Markets LIVE: Dollar hits 16-month high, rand slowly weakening

JSE among the worst G20 stock indices overnight One would have expected the rand to fare better in thin trade yesterday, but the lack of liquidity meant that risk assets were exposed to sudden market movements, head of research at RMB Global Markets Nema Ramkhelawan-Bhana said in a market update. The local currency pair edged ever-closer to 14.50, which in turn propelled benchmark bonds higher.

Telkom's fixed-line business under severe pressure

While Telkom's mobile business is a picture of good health , its fixed-line operation is looking sickly. The number of fixed access lines in service has fallen by almost 10% in the 12 months to 30 September 2018, from 2.84 million to 2.

SA Business Leaders Could Benefit More From The Power Of A Platform Economy

Looking to spur local growth, Prins Mhlanga, founder of Ocean on 76, a fintech company, says that South Africa needs to embrace a business model that is rapidly transforming the global economy - and that model is the platform economy. Having evolved over the years, a platform economy is a new breed of digitally-driven, disruptive business models. The most distinctive characteristic of this new model is the ability to expand into new markets by simply making their platform available in those new territories.

Telkom's mobile business is flying - subscribers up 50%

Telkom has grown its mobile subscriber base by a stunning 50% in the past year as its aggressively priced, data-led FreeMe plans gain traction among consumers. Reporting its results for the six months to 30 September 2018, Telkom said it now has 6.5 million mobile customers, helping buoy its service revenue despite downward pressure on its traditional businesses and on its ICT services company BCX.

Bidvest McCarthy's Sunbelievable car sale starts now

Take advantage of McCarthy's great car deals this summer It's summertime and the weather is sweet. So, of course, a beach holiday is top of mind and the countdown to going on a road trip to your favourite coastline has already begun. Before hitting the road, though, are you thinking how nice it would be to drive a fresh, new summer ride? Look no further than Bidvest McCarthy's Sunbelievable Car Sale.

Brait first-half net asset value falls

On the back of a tough trading environment in both South Africa and the UK. South African investment house Brait SE reported a fall in net asset value for the first half of its financial year, weighed down by a tough trading environment in both South Africa and the United Kingdom. Brait, which also owns gym chain Virgin Active and British supermarket Iceland Foods, said on Monday its net asset value (NAV) was 336 million euros ($378 million), or R55.

New Commercial Court for business disputes

By 13, 2018 The Commercial Court has been revived in the Gauteng Division of the High Court of South Africa. Although the court was established 15 years ago, it was never fully operational. The court aims at resolving company disputes faster and more efficiently and will consider any case that has a commercial transaction and/or relationship as its foundation.

PE Business News: 5 Minutes with MaXhosa's Laduma Ngxokolo

PE : 5 Minutes with MaXhosa's Laduma Ngxokolo : Promote your business on BuyPE and MyPR. 5 Minutes with MaXhosa's Laduma Ngxokolo: As a creative and entrepreneur, it's important to adapt to the changing times, but whenever I need to feel grounded, I go home to Port Elizabeth. It's an important … Also going abroad on business tr… Source: "Port Elizabeth" business - BingNews.

Rebosis's results hit hard by UK plan to exit the EU

Founded by well-known businessman Sisa Ngebulana, Rebosis reported its worst results since listing in 2011 The UK's impending withdrawal from the EU, the world's richest trading bloc, has derailed another South African company, with Rebosis Property Fund reporting its worst set of results since listing seven years ago. Rebosis, founded by Sisa Ngebulana, the Eastern Cape property developer who built two of the largest shopping centres in the province — Hemingways Mall in East London and Baywest in Port Elizabeth — said struggles at its UK associate, New Frontier Properties, had worsened an already weak performance. A number of South African companies, including Brait and Famous Brands, which bought UK assets in recent years in a bid to diversify their earnings against SA risk have seen their UK investments turn sour, partly because uncertainty about Brexit has dented consumer confidence.

Oil falls as Trump raps OPEC's supply cut plan, global markets skid

* Brent below $70/b, WTI below $60/b amid broader market woes* Saudi Arabia says there is need to cut 1 mln bpd of supply* Trump says OPEC should not cut supply* Brent & WTI crude prices slump: https://tmsnrt.rs/2PWBkdL (Adds broader market woes in paragraph 2, updates prices)By Henning GloysteinSINGAPORE, Nov 13 (Reuters) - Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U.S.

Australia business confidence eases, conditions still above average

SYDNEY, Nov 13 (Reuters) - An index of Australian business conditions declined in October, driven by a slowdown in firms' intention to hire more workers though the labour market remains largely robust even though wages growth is seen growing only at a slightly stronger pace.The National Australia Bank's index of business conditions, released on Tuesday, slipped 2 points to +12 in October, but remained well above the long-run average of +6.The survey's volatile measure of business confidence also eased 2 points to +4 in October.

UPDATE 2-Oil falls as Trump raps OPEC's supply cut plan, global markets skid

* Brent below $70/b, WTI below $60/b amid broader market woes * Saudi Arabia says there is need to cut 1 mln bpd of supply * Trump says OPEC should not cut supply * Brent & WTI crude prices slump: tmsnrt.rs/2PWBkdL (Adds broader market woes in paragraph 2, updates prices) By Henning Gloystein SINGAPORE, Nov 13 (Reuters) - Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U.S.

What Clover is telling us about the state of the market

There is value that is being underappreciated. On October 19 Clover Industries announced that it was in talks with an unnamed company that is looking to acquire all of its shares and delist it from the JSE. In the four weeks since then, the company's share price has climbed from R14 to its current levels of around R18.

Polls, policy and petrol

The local market was positive in October, which, given how terrible this year has been, says something. Politics dominated the global market agenda last week, with the US midterm election front and centre. For once, things went more or less according to script.

Rosebank's Park Central to shape the city's skyline

Redefine Properties' 159 unit Park Central is on track for completion during the second quarter of 2019. The R472 million residential development is situated in one of the city's most central business districts; Rosebank. It has a wide array of units on sale and it will be one of the tallest buildings in the area.

Half of SA retires with too little to survive

Retirement in South Africa seems to be growing increasingly filled with struggles. A recent report commissioned by Alexander Forbes is an analysis of the largest groupings of data complied from all retirement fund surveys in SA, and some of the facts it reveals are shocking. One of the report's key findings was that at the end of employment, over 50% of South Africans rely on saved money in their employer's retirement fund to support them.

Today, 23:25 Iscor. Sasol. Telkom. Here's what history taught us about privatising parastatals

There is no denying that years of poor performance and inefficient operations by state-owned enterprises have led to increasing calls for the South African government to embrace privatisation as means of fostering economic growth, curtailing rising public expenditure and stabilising public finances. At the medium term budget policy statement Finance Minister Tito Mboweni announced plans to restructure ailing state-owned entities and, since then, a host of voices supporting privatisation have gained prominence over those who oppose it (although the debate has largely been characterised by ideological sloganeering than evidence based pontification). While South Africa is flirting with the prospect of privatising some of its state-owned entities, in England there is serious consideration for reversal of privatised industries, which doesn't help the cause of privatisation in developing economies.

Kellogg explores sale of cookies and fruit snacks business

Nov 12 (Reuters) - Kellogg Co said on Monday it is exploring the sale of its cookies and fruit snacks business, including brands such as Keebler and Murray, as the company focuses on its core businesses. The company also said it would be restructuring its North America business beginning next year, as well as investing in new e-commerce and integrated business planning capabilities. (Reporting by Soundarya J in Bengaluru; Editing by Maju Samuel).

Business The 2018 Africa Investment Forum in pictures

The 2018 Africa Investment Forum held in Johannesburg, South Africa from Wednesday 7th of November to Friday 9th of November. The forum served as a medium through which project sponsors, borrowers, lenders, public and private sector investors came together to accelerate Africa's investment opportunities. The African Development Bank which champions the forum is dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals.

The Short View: Anglo says people and the planet a priority

One of the threads running through this year is the desire for renewal. The need for us, not only as South Africans but, more importantly, as earthlings, to find ways to be better in the world. While this all might sound a little woolly, the reality is that we all have to take some action to improve the world we live in - and we all have to do it today, tomorrow and every day after.

Russian bank offers 1 bln rouble ($15 mln) bet to back denial of Rosneft financing deal

MOSCOW, Nov 12 (Reuters) - Russian state bank VTB on Monday challenged media to a legally-binding bet of 1 billion roubles ($14.79 million) over what it said were incorrect reports it provided a loan to finance the sale of a stake in Rosneft to Qatar's sovereign wealth fund.Citing nine sources, Reuters on Friday exclusively reported that VTB had provided around $6 billion to the Qatari fund (QIA) for the 10.

Retirement benefits: a new era?

JOHANNESBURG - With retirement funds obliged to make available fund-endorsed solutions for preserving your savings and providing an annuity when you retire, in line with the Default Regulations promulgated by National Treasury, your chances of retiring comfortably are expected to improve considerably, industry experts say. Treasury's new regulations for retirement funds, which come into full effect in March next year, require funds to, among other things: have default investment strategies in place for pre-retirement savings, with members also able to select "non-default" investment options; offer clear communication and counselling to members, particularly when they join a fund and when they leave it; provide trustee-endorsed "default" options for preserving their savings when they exit a fund on changing jobs; and provide trustee-endorsed annuity options when they retire. Although it is too early to tell for sure, the signs are that, among funds that already have trustee-endorsed strategies in place, members are more likely to preserve their savings than take cash when changing jobs.

Ayo Tech declares 30c maiden dividend

Investment income is due to a surge in capital after listing boosted the group's results Software and technology group Ayo Technologies has declared a maiden dividend of 30c per share for the year to end-August. The group saw a fivefold increase in profit before tax in the year to end-August, bolstered by a surge in investment income as a result of its listing, as well as growth in its underlying assets. Asset growth in underlying investment and capital raised from its December 2017 listing pushed up net asset value to R4.

Brait strategy turns New Look around

The investment holding company has narrowed its losses and looks to New Look to recover value. Brait, the investment holding company controlled by Christo Wiese, is seeing its turnaround strategy for New Look starting to bear fruit as the UK clothing retailer improves its operations and market share in womenswear. Flush with cash after selling its Pepkor stake to Steinhoff in early 2015, Brait bought 90% of New Look for R14.

UPDATE 1-Nigerian telecoms regulator approves Teleology takeover of 9-mobile

(Adds details, quote) By Chijioke Ohuocha ABUJA, Nov 12 (Reuters) - Nigeria's telecoms regulator has approved the transfer of debt-laden 9mobile to new investor Teleology, a statement from Teleology said on Monday. Investment holding company Teleology, which was set up by 12 telecoms industry veterans led by ex-MTN Nigeria executive Adrian Wood, said it has appointed new directors to run Nigeria's fourth biggest telecoms operator 9mobile. Teleology was picked as preferred bidder for 9mobile in February, following a bid process arranged by Barclays Africa, after a debt default forced 9mobile's lenders to step in.

Simon Susman to end 36-year journey with Woolworths

Susman will be succeeded by former Imperial and Sanlam Personal Finance CEO Hubert Brody Woolworths chairman, Simon Susman will hand over leadership in 12 months, effectively ending a 36-year tenure at the retailer, which in recent times has been wobbled by its disastrous expansion into Australia. Woolworths's share price declined by as much as 4.4% to an intraday low of R53.

Massmart battles one of the worst retail environments yet in SA

The retailer has struggled in the South African market, which accounts for 91.6% of Massmart's total sale Massmart, which is 51% owned by US giant Walmart, is battling one of the worst retail environments yet it has seen in SA, chair Kuseni Dlamini says. "The environment is very challenging from a retail perspective.

Russian bank offers 1 bln rouble ($15 mln) bet to back denial of Rosneft financing deal

MOSCOW, Nov 12 (Reuters) - Russian state bank VTB on Monday challenged media to a legally-binding bet of 1 billion roubles ($14.79 million) over what it said were incorrect reports it provided a loan to finance the sale of a stake in Rosneft to Qatar's sovereign wealth fund. Citing nine sources, Reuters on Friday exclusively reported that VTB had provided around $6 billion to the Qatari fund (QIA) for the 10.

What Motus plans for great leap after listing

Automotive group Motus, which will list on the JSE on Thursday next week, is mulling "selective" acquisitions outside SA, says acting CEO Ockert Janse van Rensburg. The company, which has been unbundled from logistics and automotive conglomerate Imperial Holdings , generates 87% of its operating profit from SA and is considering further expansions to diversify its earnings. The company's recent smaller acquisitions include the Hyundai dealership in Sandton and the Mercedes dealership in Rustenburg.

Alibaba's record sales on Singles' Day points to solid consumer spending

Luxury goods stocks have been hammered in recent weeks by concerns about weakening demand in China, the market's main engine of growth and worries about the knock-on effects of a looming trade war with the United States. But the real picture is much more mixed, Michael Evans, chairman of Alibaba, China's biggest online retailer, told a conference on Monday. A big screen shows the sale surpassed 10 billion RMB with in 2 minutes during the Double 11 Shopping Festival of Alibaba, in Hangzhou, China, on November 11, 2018 "Clearly, the economy has slowed down for big ticket items such as fridges and cars, but cosmetics, accessories and fashion have seen continued growth," said Evans, speaking at the New York Times International Luxury Conference in Hong Kong.

Mining Charter guideline talks proving to be an uneven process, says Minerals Council

DISCUSSIONS regarding Mining Charter guidelines are proving to be an uneven process, said the Minerals Council of South Africa. "I wouldn't want you thinking that everything is hunky-dory," said Andile Sangqu, a vice-president of the Minerals Council and head of Anglo American South Africa at a media lunch on November 9. "But it's the narrative that's important.

UPDATE 1-FTSE outperforms European peers as Brexit angst sinks sterling

* FTSE 100 down 0.74 percent * Brexit fears mounting * Pound falls close to one percent * Report of planned menthol cigarette ban hits BAT (Adds quote, context) LONDON, Nov 12 (Reuters) - British blue chips outperformed their European peers on Monday as fears about the terms of Brexit sank the pound, giving an accounting boost to stocks with foreign revenues in dollars. The FTSE 100 lost 0.

South Africa's Brait first-half net asset value falls

JOHANNESBURG, Nov 12 (Reuters) - South African investment house Brait SE reported a fall in net asset value for the first half of its financial year, weighed down by a tough trading environment in both South Africa and the United Kingdom.Brait, which also owns gym chain Virgin Active and British supermarket Iceland Foods, said on Monday its net asset value (NAV) was 336 million euros ($378 million), or 55.23 rand per share, in the six months ended Sept.

Greece delays deadline for Hellenic Petroleum bids to January - sources

ATHENS, Nov 12 (Reuters) - Greece has told shortlisted investors to submit final bids for a majority stake in its biggest oil refiner Hellenic Petroleum by January, two sources close to the sale said on Monday, pushing the deadline back from November. Greece, which is selling assets as part of a deal with international lenders, has delayed the deadline several times after Glencore Energy and Vitol Holding were shortlisted to bid for the 50.1 percent stake in the summer.

South Africa's Brait first-half net asset value falls

JOHANNESBURG, Nov 12 (Reuters) - South African investment house Brait SE reported a fall in net asset value for the first half of its financial year, weighed down by a tough trading environment in both South Africa and the United Kingdom. Brait, which also owns gym chain Virgin Active and British supermarket Iceland Foods, said on Monday its net asset value (NAV) was 336 million euros ($378 million), or 55.23 rand per share, in the six months ended Sept.

Holiday Fun at Addo Elephant National Park

The December school holidays kick off in a big way for kids at Addo Elephant National Park (AENP) this year.  The fun, yet educational two week long programme starts on Monday 3 December until Friday 14 December, Monday to Friday. All activities are offered at no cost, with the exception of the guided game drives.

AYO Technology Solutions sees big jump in revenue

JSE-listed AYO Technology Solutions, on Monday reported a 33% rise in revenue to R639 million for the year ended August 2018. Profit before tax for the period increased by 390% to R196 million, ‘stemming from the organic revenue growth and interest income from the capital raised on listing,' the company said. Headline earnings per share increased from 5.

Vodacom posts H1 uptick

JSE-listed Vodacom on Monday posted growth across the board for the first half of the 2019 financial year, with service revenue up 6.1% to R36.8-billion and group revenue up 5.

India is open for luxury business, says Reliance Brands CEO

India is not the impregnable fortress most luxury brands think it is but rather the next frontier, Darshan Mehta, chairman and chief executive of Reliance Brands, the largest distributor of high-end and luxury brands in India, told FashionNetwork.com. Darshan Mehta - Photo: LinkedIn Reliance Brands is a joint-venture partner in India for many high-end and luxury brands including Burberry, Bottega Veneta, Armani, Zegna, Jimmy Choo and Dolce & Gabbana.

3 Business Models That Could Bring Million-Dollar Cures to Everyone

TEK IMAGE/SCIENCE PHOTO LIBRARY/ When the FDA issued its first approval for a gene therapy for an inherited disease nearly a year ago—a cure for a type of blindness—it was heralded as breakthrough, a moment decades in the making. With dozens of other genetically engineered therapies moving through clinical trials, the long-promised era of personalized, gene-based medicine seemed to be at hand. But there was a catch: the one-time treatment, Luxturna from Spark Therapeutics, costs $850,000.

PODCAST: Avoid disaster and plan for business risks

Form here As a business owner in this day and age you have to make sure you manage your risk. What should organisations do to mitigate risk that could affect their bottom line - not to mention intangibles like good will and reputation? POWER Business host Ayabonga Cawe was in conversation with Thabile Nyaba, Chief Risk Officer at Old Mutual Insure in this third installment of our Business Insight podcast series. Listen to these 13 minutes and avoid future PR disasters.

Vodacom sees a drop in profit

South African mobile phone group,  Vodacom,  is reporting a 13.5% fall in half-year profit, weighed down by the issuance of new shares to meet the black ownership target under domestic affirmative action rules. Headline earnings per share, the main profit measure in South Africa, came in at 385 cents in the six months through the end of September, compared with 445 cents a year earlier.

UPDATE 1-South Africa's rand weakens on subdued risk sentiment, stocks fall

(Add quotes, update prices) JOHANNESBURG, Nov 12 (Reuters) - South Africa's rand weakened on Monday as a dollar rally dimmed investor appetite for riskier assets, while stocks fell, led by among others Vodacom and market heavyweight Naspers. At 1510 GMT, the rand traded at 14.3775 per dollar, 0.

CBN assesses performance of financial markets in H1

The Central Bank of Nigeria has published the half year activity report highlighting the performance of the country's financial markets in the first half of this year. Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa to discuss some of the key points indicated in the report.https://www.

Tencent - not just a dime a dozen

By Nishlen Govender, Portfolio Manager, Citadel. Since Naspers, the JSE's highest market cap stock, announced in March that is was to reduce its holding in Tencent by 2%, the Chinese tech company has received considerable attention. Notably, Tencent shares have lost a third of their value so far this year.

Action must be taken against private as well as public sector corruption - SAFTU

Union says there is further evidence that ‘state capture' scandal was never confined to the Gupta family SAFTU demands action against private as well as public sector corruption 12 November 2018 The South African Federation of Trade Unions has noted the R15 million fine the Reserve Bank imposed on the South African branch of the Hong Kong and Shanghai Banking Corporation (HSBC) for weaknesses in its processes to detect money laundering and terrorism financing, and its order to the bank to fix the problems. British law-maker Peter Hain has says that HSBC, the world's seventh largest bank, had been "incredibly complacent about the way they've managed SA accounts, suspicious or normal. There's no question that the Guptas, as HSBC admitted to me, had used their accounts.

7 Startups Selected To Compete At Seedstars South Africa Finals

Tweet on Twitter ASDF_MEDIA / Shutterstock.com Seedstars World , the largest seed-stage startup competition for emerging markets and fast-growing startup scenes, has brought its pre-selection rounds to an end. With the support of the local host Seedspace Cape Town, Seedstars World will be holding a dynamic pitch event on 14th November 20218, to choose South Africa's Best Startup.

SAFTU: SAFTU demands action against private as well as public sector corruption

The South African Federation of Trade Unions has noted the R15 million fine the Reserve Bank imposed on the South African branch of the Hong Kong and Shanghai Banking Corporation (HSBC) for weaknesses in its processes to detect money laundering and terrorism financing, and its order to the bank to fix the problems.   British law-maker Peter Hain has says that HSBC, the world's seventh largest bank, had been "incredibly complacent about the way they've managed SA accounts, suspicious or normal. There's no question that the Guptas, as HSBC admitted to me, had used their accounts.

Risks of not insuring your business

One of the most commonly overlooked priorities when starting a business is having adequate insurance in place to cater for unforeseen risks. Theunis Fourie, Head of Insurance Brokers at FNB says business owners who overlook having insurance in place face the risk of, worst-case scenario, liquidation, should the business face liabilities. Fourie says when it comes to insuring a business, a one size fits all approach often doesn't work as every business is different and faces unique risks.

Tickets price drop for Ronmas business seminar

The theme #ACTION IT will guide the spirit with which the first ever Mpumalanga Business & Investors' Seminar will be delivered. After a thorough consideration on the country's economic state, the management of Ronmas Media resolved to reduce tickets prices to a more affordable one for the attendees of the first ever provincial business and investor's seminar this week. The seminar aims to empower Small and Medium businesses (SMMES).

Things to consider before jumping into global diversification

Quaniet Richards, Head of Institutional at Nedgroup Investments With the changes to Regulation 28, many retirement fund trustees are keen to increase their exposure to these markets. However, it is crucial that trustees have a granular understanding of their current exposure before making any decisions. This is according to Quaniet Richards, Head of Institutional at Nedgroup Investments, who says while diversifying into Africa and into Emerging Markets is certainly a good diversifier, there is a lack of understanding of the risks of investing in Africa and the existing exposure to Africa through the listed South African investments.

MultiChoice, SABC break competition merger rules

In a blow to MultiChoice and the SABC, the Competition Commission has ruled that a channel distribution agreement between them, signed in 2013, constitutes a notifiable merger. This means the public broadcaster and Africa's largest pay TV operator are in violation of competition laws by not registering the transaction as a merger. The five-year agreement worth R500m gave MultiChoice the right to broadcast SABC's 24-hour news channel and an entertainment channel, SABC Encore.

Morkel to lead Durban Heat in MSLT20

Experienced former Proteas all-rounder Albie Morkel has been selected to captain the Durban Heat for the upcoming Mzansi Super League which starts for the Heat with a home game against the Cape Town Blitz on Sunday, 18 November. The 37-year-old is arguably one of the most successful captains in South African franchise cricket and has played T20 cricket all over the world, including a long stint with the Chennai Super Kings in the Indian Premier League. With 309 T20 caps to his name, Morkel's experience is almost unmatched in the MSL and given the all-rounder's match-winning ability with both ball and bat it was an easy decision to give him the captaincy.

SPAR Grand Prix Awards bedazzle in Broadacres

It was a day for honouring running's best at the glitz and glamour-filled SPAR Grand Prix Awards. A month after the sixth and final race in the Grand Prix was held in Joburg, winners, sponsors, guests and dignitaries attended the awards at the beautiful Buitengeluk venue in Broadacres on 8 November. René Kalmer and Mapaseka Makhanya receive gifts for their contributions as race ambassadors.

S.Africa's competition watchdog rules SABC, Multichoice deal a merger

JOHANNESBURG, Nov 12 (Reuters) - South Africa's competition watchdog has ruled that a distribution deal between MultiChoice, Naspers' pay-TV business and the country's public broadcaster in 2013 constituted a notifiable merger. The Competition Commision said MultiChoice, Africa's biggest pay-TV operator, and the South African Broadcasting Corporation (SABC) could face disciplinary action if they do not register the transaction as a merger under the Competition Act. The ruling goes against a 2016 decision by the country's Competition Tribunal that the deal did not constitute a merger.

SPAR Grand Prix Awards bedazzle in Broadacres

It was a day for honouring running's best at the glitz and glamour-filled SPAR Grand Prix Awards. A month after the sixth and final race in the Grand Prix was held in Joburg, winners, sponsors, guests and dignitaries attended the awards at the beautiful Buitengeluk venue in Broadacres on 8 November. René Kalmer and Mapaseka Makhanya receive gifts for their contributions as race ambassadors.

Threat of US menthol cigarette ban knocks BAT down 11%

British American Tobacco's (BAT) share price plunged 11% to R555, wiping R176bn off its market capitalisation, on a report the US government is considering banning menthol cigarettes.  The Wall Street Journal reported that the US Food and Drug Administration (FDA) plans to pursue a ban, citing senior agency officials. Menthol cigarettes account for about a quarter of BAT's US cigarette sales, making it a bigger casualty of the potential ban than its competitors Altria and Imperial Brands.

Cut your business's voice and Internet costs now

Connection Telecom is offering South African businesses the latest voice and Internet products, which can significantly reduce their telecommunications costs [Click here for more]. Connection Telecom is South Africa's cloud communication leader with over a decade of experience in the business telecoms market. Its latest products, which include trusted VoIPConnect and Cloud PBX, gives businesses a big advantage over traditional voice products.

Five steps to help you start your own small business

Your small business helps boost the South African economy If you're still dreaming of starting a business but can't seem to get moving or don't think your venture is important enough, think again. Small businesses are a huge part of the South African economy. In an interview with The Citizen, Old Mutual Wealth CEO Kerrin Land said: "In SA, small and medium-sized enterprises make up 90% of formal businesses, contribute roughly 34% towards gross domestic product (GDP) and provide employment to about 60% of the labour force.

The risks of not insuring your business

One of the most commonly overlooked priorities when starting a business is having adequate insurance in place to cater for unforeseen risks. Theunis Fourie, head of insurance brokers at FNB, says business owners who overlook having insurance in place face the risk of, worst-case scenario, liquidation, should the business face liabilities. Fourie says that, when it comes to insuring a business, a one size fits all approach often doesn't work as every business is different and faces unique risks.

Woolworths chairman to step down in 2019

JOHANNESBURG - Woolworths Holdings on Monday appointed independent non-executive director Hubert Brody as deputy chairman of the board with immediate effect as part of the group's succession planning process. This as Woolworths said that Simon Susman, the current chairman of the board, and lead independent director Tom Boardman, will step down from their respective positions with effect from the conclusion of the 2019 annual general meeting (AGM), each having respectively served a nine-year term. Susman will become honorary president upon conclusion of the 2019 AGM, following his resignation as a director.

HAWKS SET GOLD TRAP TO BUST GANG!

THE mining town of Welkom was rocked by a kidnapping incident on Wednesday. A gang of nine men kidnapped a 43-year-old woman, hoping to score loads of money. But their greed was their downfall when the Hawks bust them on Friday with a solid gold trap.

Obsession with raising $1bn to become a unicorn is wrong says Silvertree man

It is wrong and flawed for investors and entrepreneurs to focus on creating the next unicorn (a tech company with a billion-dollar valuation) charges investor Manuel Koser, co-founder and managing director of Silvertree Internet Holdings . Speaking at a panel at the 2018 Africa Early Stage Investor Summit , hosted by VC4A at Workshop 17 in Cape Town, Koser says the focus on trying to create the next unicorn leads to what he calls a "dangerous obsession" by entrepreneurs on raising funding, over building a business that is customer centric. The panel was moderated by Burn Media founder Matthew Buckland.

BAT plunges on possible US move to ban menthol cigarettes

The potential ban steps up the FDA's campaign against youth smoking. British American Tobacco shares plunged to the lowest level in more than four years on news of a possible ban on menthol cigarettes in the US, which would eliminate products such as Newport that generate as much as one-quarter of the company's profit. The stock fell as much as 11% in London, destroying 8.

Building future-proof CIO capacity crucial for SA progress

The role of the CIO is evolving fast, and CIO upskilling and new ICT skills pipelines must be a focus if SA is to stay abreast of global development, say leading SA CIOs. Speaking ahead of the annual Institute of Information Technology Professionals SA (IITPSA) President's Awards, which recognise the achievements of South Africa's top CIOs, previous winners and members of the judging panel note that the role of the CIO has changed dramatically in recent years, and will continue to do so. "The annual IITPSA President's Awards clearly illustrate the changing roles and responsibilities of South African CIOs," says Ulandi Exner, president of the IITPSA.

Mzansi tweeps want equal treatment of VBS crooks and Steinhoff looters

South Africa was left outraged when details of VBS Mutual Bank's looting emerged, but some feel that there isn't the same level of outrage against Steinhoff's looters. PAY ATTENTION : Click "See first" under the "Following" tab to see Briefly News on your newsfeed! Tony Yengeni, a National Executive Committee (NEC) member of the ANC, expressed this view recently in a Twitter post. He wrote: Please explain to me nicely and slowly why VBS crooks who stole 2 Billion rands must go to jail (and rightly so) and Steinhoff crooks who stole 400 Billion rands must run around scot free with super luxury toys like yachts, horses, private jets, helicopters, mansions? PAY ATTENTION : Save mobile data with FreeBasics: Briefly is now available on the app Yengeni's post sparked a lively debate among his followers, Briefly.

Tencent - not just a dime a dozen

Nishlen Govender, Portfolio Manager, Citadel Since Naspers, the JSE's highest market cap stock, announced in March that is was to reduce its holding in Tencent by 2%, the Chinese tech company has received considerable attention. Notably, Tencent shares have lost a third of their value so far this year So we need to ask: Is this price slump justified or does it reflect an outstanding buying opportunity? Many in the investment world have become fatigued by the Tencent story and may end up undervaluing aspects of this business which we believe are truly significant. We'd like to look at just what makes this company different from others, both locally and globally, given that it operates in a complex region and an even more complex sector.

Africa's women entrepreneurs honoured at AWIEF Awards

The Africa women Innovation and Entrepreneurship Forum annual AWIEF Awards took place this weekend honouring and celebrating the achievements of women entrepreneurs and innovators across the African continent. Basetsana Kumalo, Executive Chairman & CEO, Basetsana Woman Investment Holdings, South Africa, with the winner of the AWIEF Awards 2018 Creative Industries Award, Nana Akua Oppong-Birmeh, CEO of Archxenus, an architectural design company based in Accra, Ghana.The 2018 AWIEF Awards showcase a diverse representation of finalist entrepreneurs from across the continent, including from Angola, Ethiopia, Ghana, Kenya, Malawi, Morocco, Nigeria, South Africa, Tanzania, Tunisia, Uganda and Zimbabwe.

Busting 5 small business money-saving myths

Image: H&R Block Money - making it, saving it, sourcing it - is arguably the biggest challenge of running a small business. Pieter Bensch, executive vice president Africa & Middle East at Sage, says it is important for small and medium size businesses (SMEs) to build up a fund for a rainy day. He said SMEs are often so inundated with advice about saving money that it can become difficult to know what to implement and what to ignore.

[LISTEN] The history of dodgy business dealings by Steinhoff

| Financial journalist Warren Thompson says the Steinhoff scandal wasn't as brazen as that of VBS Bank, but he is surprised that there seems to be a lack of political will to investigate and prosecute this crime. JOHANNESBURG - Following the Steinhoff scandal that rocked financial markets last year, many questions have been raised about the scale of the reported fraud and accounting irregularities at the global retail giant. Former Steinhoff CEO Markus Jooste has denied knowledge of the fraud at the company when he stepped down in December 2017.

Three suspects arrested during foiled business robbery

The quick response by members attached to the Western Cape Flying Squad led to the arrest of three suspects and the seizure of two unlicensed firearms. Yesterday SAPS reacted on information of a possible business robbery in Philippi East and arrested three suspects who were identified as the robbers. Two prohibited firearms without serial numbers and eight 9mm rounds of ammunition were confiscated.

Busting 5 small business money-saving myths

Image: H&R Block Money - making it, saving it, sourcing it - is arguably the biggest challenge of running a small business. Pieter Bensch, executive vice president Africa & Middle East at Sage, says it is important for small and medium size businesses (SMEs) to build up a fund for a rainy day. He said SMEs are often so inundated with advice about saving money that it can become difficult to know what to implement and what to ignore.

Billionaire Motsepe gets going with challenging SA banks

JOHANNESBURG — TymeBank's launch has been a long time coming and it's recently quietly got going after winning a licence from SARB. The bank is completely branch-less and after Commonwealth Bank of Australia exited the business, Patrice Motsepe's African Rainbow Capital has taken over it and started signing up customers. The timing of this below announcement also comes as Discovery is set to launch its bank this week.

Vodacom shares fall the most in almost 8 months on consumer concerns

Vodacom Group shares fell the most in almost eight months after the wireless carrier with the most South African customers reported slower revenue growth in its domestic market, as a sluggish economy hurt consumer spending, Bloomberg reported. Vodacom on Monday reported a 5.6% rise in interim revenue to R42.

British American Tobacco shares plunge to lowest level in 3 years

British American Tobacco [ JSE:BTI ] shares plunged to the lowest level in three years on news of a possible ban on menthol cigarettes in the US, which would eliminate a product that generates as much as one-quarter of the company's profit. The stock fell as much as 11% in London, destroying £8.4bn ($10.

[LISTEN] The history of dodgy business dealings by Steinhoff

| Financial journalist Warren Thompson says the Steinhoff scandal wasn't as brazen as that of VBS Bank, but he is surprised that there seems to be a lack of political will to investigate and prosecute this crime. JOHANNESBURG - Following the Steinhoff scandal that rocked financial markets last year, many questions have been raised about the scale of the reported fraud and accounting irregularities at the global retail giant. Former Steinhoff CEO Markus Jooste has denied knowledge of the fraud at the company when he stepped down in December 2017.

Vodacom revenues up

Vodacom Group has reported service revenue up 6,1% to R36,8-billion; and group revenue up 5,6% to R44,4-billion for the first six months of the financial year.. The telco added 4,8-million customers in the six months, up 10,7%, comprising 2,5-million in South Africa and 2,3-million in its international operations. Safaricom added 373 000 customers.

The US economy is speeding ahead

But will it hit a wall by 2020? Hlelo Giyose of First Avenue Investments believes it could. Content hosted by iono.fm RYK VAN NIEKERK: Welcome to this Market Commentator podcast, it's my weekly podcast where I speak to leading investment professionals.

FTSE outperforms European peers as Brexit angst sinks sterling

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.2 percent* Brexit fears mounting* Report of planned menthol cigarette ban hits BATLONDON, Nov 12 (Reuters) - British blue chips outperformed their European peers on Monday morning as fears over Britain's European Union exit terms sank the pound, giving an accounting boost to stocks with foreign revenues in dollars.Oil majors BP and Royal Dutch Shell also helped keep the FTSE in the black, boosted by higher oil prices after top exporter Saudi Arabia announced a supply cut in December.

In Zimbabwe, skyrocketing prices evoke painful memories

Prices for some consumer goods are skyrocketing in Zimbabwe, a painful echo of the hyperinflation that ripped through the Southern African country a decade ago. In October, the cost of certain items—including cooking oil, alcoholic drinks and flu medication—jumped as much as 400%, as many Zimbabweans rushed to liquidate their savings and businesses struggled to pay for imports. Long fuel lines forced people to fill up their cars on the black market at three times the price.

Police expand resources by opening another satellite station

Following the opening of Mulamula Satellite Police Station in the Malamulele Policing area outside Giyani on the 12th October 2018, within a period of thirty days, the Provincial Commissioner of the South African Police Service in this Province Luitenant General Nneke Jim Ledwaba has brought in another service delivery machinery to strengthen the crime fighting efforts in the Lephalale Policing area. On Friday the 09th November 2018, on behalf of the Provincial Commissioner, the Deputy Provincial Commissioner responsible for Policing Major General Jan Scheepers has officially opened the Marapong Satellite Police Station at the outskirts of Lephalale CBD, Limpopo .  Major General Scheepers accompanied by several senior Police officers from the Provincial, Clusters, Units and Stations levels have converged to Marapong for this event which started with the #SafetyFriday operations before the Satellite was officially opened and subsequently the Provincial Commissioner's imbizo ensued at Marapong Sports Field.

Bring the Garden Inside Your Home

So, you happen to find yourself living in the city The views are grand, the access to the CBD is great, but you want to bring some life to your world. Not easy when you are limited to a small balcony or no outside space at all. Don't fret, you might not be digging up dirt outside, but at PropertyFox we have a solution for you; indoor gardening.

Sappi Typek launches new brand campaign - live a life of note

Typek, the A4 paper that is used by many businesses, launched a new consumer campaign. One that will make you sit up and take note. The 'Live a Life of Note' campaign, a fresh media campaign aimed at everyone who has come to trust the paper in the red box, launched on 29 October and is set to create excitement, with 'firsts' for the brand and an exciting competition for people to showcase the small inspirational things that make theirs, a life less ordinary.

Vodacom Group Limited Interim Results for the six months ended 30 September 2018

Vodacom Group Limited (Incorporated in the Republic of South Africa) Registration number: 1993/005461/06 (ISIN: ZAE000132577 Share Code: VOD) (ISIN: US92858D2009 ADR code: VDMCY) (Vodacom) Vodacom Group Limited Interim Results for the six months ended 30 September 2018 12 November 2018 Highlights - Group service revenue up 6.1% (5.8%*) to R36.

SAA could soon be a stock in your portfolio

EDINBURGH — South African Airways (SAA) has been sucking billions out of taxpayers' coffers, as former president Jacob Zuma and his friends used the airline as a place of employment for friends who had no idea how to run an organisation of this nature. Until recently there hasn't been the political will to cut SAA loose from state entities and allow private players to run the airline. But, President Cyril Ramaphosa's team has been making noises that it does not make sense to keep SAA.

Vodacom earnings up on increased data sales, international market pick-up

(Bloomberg) - Vodacom Group Ltd. said first-half earnings improved after the wireless carrier with the most South African customers saw accelerated data sales and a pick-up in international markets. Earnings before interest, taxes, depreciation and amortisation rose 4.

FTSE outperforms European peers as Brexit angst sinks sterling

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.2 percent * Brexit fears mounting * Report of planned menthol cigarette ban hits BAT LONDON, Nov 12 (Reuters) - British blue chips outperformed their European peers on Monday morning as fears over Britain's European Union exit terms sank the pound, giving an accounting boost to stocks with foreign revenues in dollars. Oil majors BP and Royal Dutch Shell also helped keep the FTSE in the black, boosted by higher oil prices after top exporter Saudi Arabia announced a supply cut in December.

Vunani awaits approval for big re-entry into ...

Improvements may be ahead; liabilities are down, a joint venture is being set up and the fund manager is gaining critical mass Ethan Dube, the CEO of Vunani, has a strong reputation as one of SA's top corporate financiers. His reputation was barely dented by Vunani's sponsorship of the failed listing of the Sagarmatha businesses, which is collectively claimed to be an "African unicorn". That move was just taking a fee for a service, and which sponsoring broker has never sponsored a dud? But Dube is taking more of a risk by setting up a R100m joint venture with Ayo Technologies, which would have been the heart of the proposed unicorn.

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

South African has been hit with various looting scandals in the past few years. The Steinhoff scandal shook the country and was labelled as the worst corruption scandal in South African history. But does the public understand the enormity of what damage the Steinhoff scandal has caused? Eusebius McKaiser spoke to Financial Mail journalist Warren Thompson to understand how the money was looted, what impact it has caused and whether there is enough noise around it.

The winning streak continues for Joe Public Connect

The Direct Marketing Association of South Africa's Assegai Awards recognises integrated marketing excellence and raises the industry bar as we see the growing standard of winning work. As an agency group Joe Public United lives its purpose of growth and believes in always doing better than their best. Continuing this trend the group saw specialist digital agency, Joe Public Connect at the forefront of this year's Assegai Awards.

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

South African has been hit with various looting scandals in the past few years. The Steinhoff scandal shook the country and was labelled as the worst corruption scandal in South African history. But does the public understand the enormity of what damage the Steinhoff scandal has caused? Eusebius McKaiser spoke to Financial Mail journalist Warren Thompson to understand how the money was looted, what impact it has caused and whether there is enough noise around it.

AVI Limited first FMCG company to list on A2X

AVI Limited is to be the first FMCG company and the 12th overall company to list on A2X, which is a South African stock exchange. The fast-moving consumer goods group's listing on the Johannesburg Stock Exchange and the issued share capital will be unaffected by its secondary listing on A2X. AVI shares will be available for trade on A2X from 15 November 2.

Rand struggles in jittery trade

The rand struggled in mid-morning trade on Monday, reflecting an uncertain global environment. Investors are keeping their eyes on this week's talks between the UK and EU, as they attempt to find a deal on Brexit. The uncertainty on Brexit has affected some JSE-listed companies, including Intu Properties and Capital & Counties.

ETFs gaining popularity

Performance and costs regarded as important factors, writes Global growth in exchange-traded funds (ETFs) continues unabated. Following a strong 2017 performance, when $662bn was invested in passive equity funds globally according to Morningstar Inc's 2017 Global Asset Flows Report, expectations were high that 2018 would deliver even greater capital inflows. "Favourable market conditions across the globe in 2017 attracted the greatest flows in more than a decade," said Kevin McDevitt, a senior analyst at Morningstar Inc.

Multichoice found to have ‘captured' SABC

A ruling by the Competition Commission of South Africa has found that Multichoice was able to "influence the strategic direction" of the SABC through a merger transaction. The commission has issued a statement explaining its finding, in a report, that a 2013 deal amounted to a merger and was in contravention of the Competition Act as it occurred without the commission being notified. Media group Caxton in 2015 made an application directly to the Competition Tribunal of South Africa challenging the 2013 deal alongside the SOS Support Public Broadcasting Coalition  and Media Monitoring Africa.

Threat of US menthol cigarette ban knocks BAT down 11%

The Wall Street Journal reported on Saturday that the US Food and Drug Administration proposes to ban menthol cigarettes, which make up 25% of BAT's US sales British American Tobacco's (BAT) share price plunged 11% to R555 on Monday morning, wiping R176bn off its market capitalisation, on a report the US government is considering banning menthol cigarettes. The Wall Street Journal reported on Saturday that the US Food and Drug Administration (FDA) plans to pursue a ban, citing senior agency officials. Menthol cigarettes account for about a quarter of BAT's US cigarette sales, making it a bigger casualty of the potential ban than its competitors Altria and Imperial Brands.

Vodacom SA's Move To Personalised Services Boosts Subscribers

Vodacom. Photo Credit: Vodacom Vodacom is tapping big data and machine learning technologies to boosts customer retention and acquisition. This move has helped the company to deliver solid financial figures for the six months to end-September 2018 despite the South African being in recession.

Here's What You Should Know About Sisa Ngebulana's Stake in this Financial Services Company

Sisa Ngebulana , who founded Rebosis, the first black-owned JSE-listed property group, is now a nonexecutive chairman of Anchor Stockbrokers. The Billion Group, SA's first major black-owned property company established the Rebosis Property Fund Ltd in 2010. Ngebulana is the founder and executive chairman of the Billion Group.

How to shop on Black Friday 2018 like a financial pro

Retailers already started getting shoppers revved up for the holidays with festive season advertising have already gone up on display in October - and Black Friday and Cyber Monday sales are no exception. Black Friday falls on 23 November, the traditional kick-off to the shopping season and often the busiest shopping day of the year. In addition, 26 November is Cyber Monday, born out of retailers trying to persuade customers to shop online.

Fin24.com | Markets LIVE: Rand. emerging markets face several risks this week on the back of strong dollar

Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM said in a morning note to clients, ‘‘How investors react to the news that the dollar has climbed to another 2018 high early on Monday morning and whether this changes their approach towards emerging markets is going to play a major role in how emerging market assets perform this week.".

EMERGING MARKETS-Emerging currencies slide on higher oil, strong dollar

* Dollar hits 16-month high * Turkish lira, Indian rupee hurt by rising oil prices * Russian rouble bucks trend By Agamoni Ghosh Nov 12 (Reuters) - Emerging market stocks and currencies fell on Monday, pressured by a strong dollar and rising oil prices with net crude importers bearing the brunt. The MSCI index of emerging market currencies fell 0.3 percent as the dollar built on last week's gains and hit a 16-month high, while oil prices rose by more than one percent on Monday as top exporter Saudi Arabia announced a December supply cut.

Good Business Basics: Important issues side-stepped

The framework agreement that emerged from the recent Jobs Summit convened by the President contained some admirable sentiment and many firm commitments from all stakeholders who were party to it. ALSO READ :  Good Business Basics: A reality check is needed Alas, I despair that many of the lofty goals contained in it will fall by the wayside, if the history of dismal execution and implementation from the government is repeated. Further, the nature of work is changing so rapidly, that many of the solutions put forward will be moot, as the Fourth industrial Revolution takes root.

Creating Your Own Successful Bitcoin Business-Part 65

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

The Risks of not insuring your business

: One of the most commonly overlooked priorities when starting a business is having adequate insurance in place to cater for unforeseen risks. Theunis Fourie, Head of Insurance Brokers at FNB says business owners who overlook having insurance in place face the risk of, worst-case scenario, liquidation, should the business face liabilities. Fourie says when it […] - MyPE News Don't blame us, blame the view from our office! : Sometimes some of the jobs take a little longer - Don't blame us, blame the view from our office! Also getting up there is a unique challenge in itself which is followed by the more harrowing trip down….

BUSINESS: Saudi Energy Minister Assures No Plans to Eliminate OPEC

ABU DHABI (Sputnik) - The international community is not considering the elimination of the Organization of the Petroleum Exporting Countries (OPEC), Saudi Energy Minister Khalid Falih has stated at the ADIPEC in light of media reports about Riyadh's study order on the cartel's potential dissolution. "I can assure you there is no consideration to eliminate OPEC. There is a reason they are called think-tanks so as to think out of the box," Saudi Energy Minister Khalid Falih said at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) session.

DA wants to see Ramaphosa's son's business contract with Bosasa

- The Democratic Alliance wants to see the contract between President Ramaphosa's son, Andile, and the company accused of corruption, Bosasa - According to the DA's leader, Mmusi Maimane, there is evidence that a payment was made between Andile and the CEO of the company, Gavin Watson - Maimane said he wants to see the contract to make sure Andile did not receive preferential treatment PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly.co.za News on your News Feed! The DA made a formal application to see the business contract that was allegedly signed between Bosasa and President Ramaphosa's son, Andile.

LISTEN | Private business pledges R290bn investment in SA over next five years

Stanlib chief economist says prospects for the economy are looking up Stanlib chief economist Kevin Lings has shared his insights on the government's thinking on revitalising the economy, following the South African Investment Conference 2018, which took place from October 25 to 27. Prospects for the economy are looking better than they have for some time after a series of growth-enhancing policy initiatives announced by President Cyril Ramaphosa this year, culminating in the conference. The conference was intended to promote SA as a preferred investment destination.

There are Business Opportunities for South African Companies' in China

There are business opportunities for South African companies' in China.  This is according to the South African companies that were exhibiting at the 1st China International Import Expo (CIIE) from 5-10 November 2018 in Shanghai, in the People's Republic of China. The Business Developer of DesSoft, Mark Taylor, says their trip to China CIIE has been very successful as they have excellent leads to work on.

Digitalisation can save oil upstream business $73 bln a year - Woodmac

LONDON, Nov 12 (Reuters) - Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. Exploration and production, known as the upstream industry, requires energy firms to analyse huge amounts of seismic and geological data and to monitor and maintain offshore platforms and other complex assets, often in high-risk environments. In a report on how technology can be used for these tasks and potential savings, Wood Mackenzie (Woodmac) said many firms could spend less by buying technology and know-how from outside of the industry.

How to get bots into your business

From public service to the private sector, everyone stands to benefit from bots, but how do you get bots into your business? Riaan Bekker, force solutions manager at thryveEvery day billions of us talk to each other on IM channels such as Whatsapp and Facebook Messenger. We have an expectation for immediate answers and easy access to information, be it business operating times or where our couriered package is right now. Bots are perfectly aligned for that, as they can interact with popular chat services and provide human-friendly conversations to resolve queries both inside and outside the business.

The Risks of not insuring your business

One of the most commonly overlooked priorities when starting a business is having adequate insurance in place to cater for unforeseen risks. Theunis Fourie, Head of Insurance Brokers at FNB says business owners who overlook having insurance in place face the risk of, worst-case scenario, liquidation, should the business face liabilities. Fourie says when it comes to insuring a business, a one size fits all approach often doesn't work as every business is different and faces unique risks.

What You Need To Know To Start a Business in the Education Sector

The education sector in South Africa remains a one of the major challenges for our country, with many public schools struggling to yield positive results and private schools being too costly for many South African households to afford. This challenge, however, signals a gap in the market and provides an opportunity for small and medium enterprises (SMEs) in the private education sector to flourish while contributing to improvements in the education sector. The opportunities available to SMEs wishing to enter into the education sector are extensive - from private pre-primary schools to support services and innovative educational products.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

The Small Business Corner: Tru-Indi

WE at people magazine believe in the small business enterprise as a driver of our economy. We are strong supporters of individuals who exhibit an entrepreneurial spirit and who are creating jobs. And that's why we want to give them our full support.

Local entrepreneur passes on her knowledge to others at business networking event in Fourways

FOURWAYS - Local entrepreneur Elize Brassell passed on some of her wisdom at the recent Hirsch's Fourways business network meeting. Recently Hirsch's Fourways held their business networking morning with a local entrepreneur, Elize Brassell from Ezabekwa Group as guest speaker. Brassell explained that Ezabekwa has courses that teach entrepreneurs what they need to know, without having to go through the school of hard knocks.

Creating Your Own Successful Bitcoin Business-Part 65

[embedded content] If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn . Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Jump On The Home Industry Bandwagon! Start Your Own Baking Business With These 5 Tips

Sibongile Mooko, Milling Exec at Premier Foods Maybe the thought crossed your mind after the tenth compliment of your home-baked cupcakes, or that breyani you whipped up for a colleague's birthday lunch: You spend so much time in the kitchen anyway, you could start up a home industry business of your own - making sweet and savoury delights, and getting paid for it. These days who doesn't need an extra bit of income? Bonus points for earning it while doing what you enjoy. Whether you just want to take the occasional order from your immediate social circle, start peddling your creations on the market circuit, or have grander aspirations of setting up a franchise or releasing a full-colour cookbook, an entrepreneurial mindset will help you match your dreams to reality.

#30secCV: Andile is the perfect all-rounder for your business

Andile Ndebele is 23-years-old and lives in Durban. She is an incredible all-rounder, with admin experience as a secretary, and as an accounts clerk doing debtors with Sage Pastel experience. If you think Andile would be suitable for your business, email [email protected]  and we'll put you into contact with her.

European stock markets jump at open

London  - European stocks opened higher on Monday, with London up 1.0% as rallying oil prices lifted shares across the commodities sector and as a sliding pound boosted exporters. London's benchmark FTSE 100 index jumped 1.

Call for open markets as world leaders gather in Singapore

Food ads stir questions in Nigeria about gender roles - 35 mins ago Crazy in love? The Japanese man ‘married' to a hologram - 39 mins ago Plan to nurture African economies unites fractious G20 - 15 hours ago Search News feed Singapore's prime minister made an impassioned plea Monday for open markets and warned "political pressures" were driving countries apart, in a swipe at rising protectionism at the start of a gathering of world leaders. Singapore's Prime Minister Lee Hsien Loong has called for markets across Southeast Asia to be more open | © AFP | Roslan RAHMAN Singapore (AFP) | Leaders including Chinese Premier Li Keqiang and US Vice President Mike Pence are meeting this week in the city-state against the backdrop of a months-long trade dispute between Beijing and Washington. Some of those attending are expected to announce major progress on a massive China-backed trade deal that excludes the US, in a rebuke to President Donald Trump's increasingly unilateralist approach to international commerce.

Markets LIVE: Rand on the backfoot, markets focus on Brexit

The rand starts this week slightly on the back foot, opening at R14.30/$ after reaching lows of R14.36 in overnight trade, Bianca Botes, corporate treaury manager of Peregrine Treasury Solutions said in a market update.

Call for open markets as world leaders gather in Singapore

SINGAPORE - Singapore's prime minister made an impassioned plea on Monday for open markets and warned "political pressures" were driving countries apart, in a swipe at rising protectionism at the start of a gathering of world leaders.  Leaders including Chinese Premier Li Keqiang and US Vice President Mike Pence are meeting this week in the city-state against the backdrop of a months-long trade dispute between Beijing and Washington. Some of those attending are expected to announce major progress on a massive China-backed trade deal that excludes the US, in a rebuke to President Donald Trump's increasingly unilateralist approach to international commerce.

Oil looms over emerging markets as US-China trade hopes dim

Falling oil prices are fast becoming a catalyst for emerging markets. Last week's slide in crude was partly behind the weakness in the Russian ruble, Mexican peso and Malaysian ringgit, according to Societe Generale SA. With oil wallowing in a bear market, OPEC and its allies gathered in Abu Dhabi on Sunday to weigh production cuts.

Call for open markets as world leaders gather in Singapore

Singapore's prime minister made an impassioned plea Monday for open markets and warned "political pressures" were driving countries apart, in a swipe at rising protectionism at the start of a gathering of world leaders. Leaders including Chinese Premier Li Keqiang and US Vice President Mike Pence are meeting this week in the city-state against the backdrop of a months-long trade dispute between Beijing and Washington. Some of those attending are expected to announce major progress on a massive China-backed trade deal that excludes the US, in a rebuke to President Donald Trump's increasingly unilateralist approach to international commerce.

DealMakers M&A Results Q1-Q3 2018

Merger and acquisition activity, as monitored by DealMakers, softened in the nine months to end-September when compared with the same period in 2017. The number of deals (excluding foreign deals of which there were 62 - deals by foreign domiciled companies with secondary listings on one of the local exchanges) fell to 316 deals against 336 deals in 2017. Willem Jacobs, Director - Corporate and Commercial at Cliffe Dekker Hofmeyr, says while H1 saw good deal flow he has seen a tapering off since July.

Imperial : Palletways Italia Goes Green 08 November 2018

Imperial Logistics group company, Palletways Italia has introduced the network's first electric trucks which will deliver to the limited traffic zone in Bologna. The area is designed to reduce congestion and pollution in the city center and only allows mopeds, buses, bicycles and electric vehicles to travel through the area. The two new electric vehicles were introduced in February and April of this year and will be used to deliver goods to the historic city center of the northern Italian city.

Universal completes third colliery buy

PERTH (miningweekly.com) - South Africa-focused Universal Coal has completed the A$8.9-million acquisition of the North Block Complex from South Africa's Exxaro Coal.

Vodacom shares tumble on slower revenue growth

A sign at Vodacom's head office in Johannesburg Vodacom Group shares fell after the wireless carrier with the most South African customers reported slower revenue growth in its domestic market, as a sluggish economy hurt consumer spending. Overall, first-half earnings before interest, taxes, depreciation and amortisation rose 4.7% to R16.

Telkom customers won't get to roam on Rain

Vodacom Group CEO Shameel Joosub Telkom customers will not be able to roam onto Rain's network as part of the newly announced roaming agreement between Telkom and Vodacom. Vodacom Group CEO Shameel Joosub said in an interview with TechCentral on Monday that Rain's network is specifically excluded from the roaming agreement his company signed last week with Telkom. Vodacom and Rain have a national roaming agreement, which the former uses to help offset capacity constraints on its own network.

Rand struggles in jittery trade

The local currency is weaker in mid-morning trade on Monday, reflecting an uncertain global environment The rand struggled in mid-morning trade on Monday, reflecting an uncertain global environment. Investors are keeping their eyes on this week's talks between the UK and EU, as they attempt to find a deal on Brexit. The uncertainty on Brexit has affected some JSE-listed companies, including Intu Properties and Capital & Counties.

Oil helps European stocks rise while tobacco goes up in smoke

(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, Nov 12 (Reuters) - European shares bounced back on Monday thanks to strong oil stocks, while tobacco firms were dented by new signs of regulators tightening the screws on menthol cigarettes.The pan-European STOXX 600 gained 0.2 percent by 0826 GMT, having ended last week in the red with sentiment still shaky.

South Africa's Vodacom H1 profit down 13.5 pct

FILE PHOTO: A shopper walks past a Vodacom shop in Johannesburg (Reuters) - South African mobile phone group Vodacom reported a 13.5 percent fall in half-year profit on Monday, weighed down by the issuance of new shares to meet the black ownership target under domestic affirmative action rules.Headline EPS, the main profit measure in South Africa, came in at 385 cents in the six months through the end of September, compared with 445 cents a year earlier.

DJ Sbu wants his latest book to become part of school curriculum

DJ Sbu has just released his new book, ‘The Art of Hustling: Sell or Surrender' and he strongly believes that it should be included in high schools across the country. PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly.co.

Rand Trading with a Mind of Its Own

According to Anthea, it really wasn't a bad week on the JSE as the week started with trying to recover some of October's losses. She updates on the Rand trading with a mind of its own, SAA being the talk of the markets as they hint at selling shares in the business and MTN looking set to settle with the Nigerian Central Bank. Discovery raised R1.

Slow sales and Richemont tanks

DURBAN - The share price of Swiss luxury group Richemont declined by more than 6?percent on Friday after the group reported slow sales growth in September as economic and geopolitical uncertainties spooked consumer demand.   Its share price closed 6.40?percent lower on the JSE on Friday at R96.

Vodacom falls as South Africa consumer woes hurt local growth

(Bloomberg) -- Vodacom Group Ltd. shares fell after the wireless carrier with the most South African customers reported slower revenue growth in its domestic market, as a sluggish economy hurt consumer spending. Overall, first-half earnings before interest, taxes, depreciation and amortization rose 4.

Police expand resources by opening another satellite police station

Media Statement from Limpopo Media Centre Corporate Communication and Liaison South African Police Service Following the opening of Mulamula Satellite Police Station in the Malamulele Policing area outside Giyani on 12 October 2018, within a period of thirty days, the Provincial Commissioner of the South African Police Service in the Province, Lieutenant General Nneke Jim Ledwaba has brought in another service delivery machinery to strengthen the crime fighting efforts in the Lephalale Policing area. On Friday, 9 November 2018, on behalf of the Provincial Commissioner, the Deputy Provincial Commissioner responsible for Policing, Major General Jan Scheepers has officially opened the Marapong Satellite Police Station at the outskirts of Lephalale CBD. Major General Scheepers accompanied by several senior police officers from the Provincial, Clusters, Units and stations levels have converged to Marapong for this event which started with the #SafetyFriday operations before the satellite police station was officially opened and subsequently the Provincial Commissioner's imbizo ensued at Marapong Sports Field.

Oil helps European stocks rise while tobacco goes up in smoke

(For a live blog on European stocks, type LIVE/ in an Eikon news window) LONDON, Nov 12 (Reuters) - European shares bounced back on Monday thanks to strong oil stocks, while tobacco firms were dented by new signs of regulators tightening the screws on menthol cigarettes. The pan-European STOXX 600 gained 0.2 percent by 0826 GMT, having ended last week in the red with sentiment still shaky.

Rand Trading with a Mind of Its Own

According to Anthea, it really wasn't a bad week on the JSE as the week started with trying to recover some of October's losses. She updates on the Rand trading with a mind of its own, SAA being the talk of the markets as they hint at selling shares in the business and MTN looking set to settle with the Nigerian Central Bank. Discovery raised R1.

Slow sales and Richemont tanks

The trade war between China and the US is affecting the maker of Cartier jewellery..

Most big companies failing UN human rights test, ranking shows

Most big companies operating in sectors at high risk of labour abuses are failing to meet human rights standards set by the United Nations, according to an analysis of 100 major companies published on Monday. From tackling child labour to ensuring equal treatment for women, UN principles require all businesses prove they are committed to human rights and treat workers fairly. But an analysis of more than 100 major apparel, agricultural and extraction firms by the Corporate Human Rights Benchmark (CHRB), a British charity, found many had little to show for.

Climbing oil price dents JSE, as risk events loom

Diversified miners and Sasol gain as the oil price rises, although Naspers and banks are under strain News that Saudi Arabia will cut oil exports from December put the JSE under mild pressure on Monday morning, with retailers faring worst as the rand slipped against the dollar. Brent crude was almost 3% higher in morning trade, with some caution in the markets ahead of risk events this week. Brexit talks and discussion of the Italian budget deficit are both on the agenda.

RIO LARGO Continuing to Bring Home GOLD, This Time from Italy!

It has all been so exciting for us! We received yet another accolade for our oil at a competition judged by 9 judges from around the world! Judges arrived from Italy, Greece, Spain, Chile, Peru and South Africa and under the strict guidance of Marino Giorgetti who was the panel leader working with a lawyer Salvatore Puglia olive oils were tasted from all over the Southern Hemisphere. It was such an honour to receive a GOLD award at this competition where only 9 oils are given an award at all! Once again, we are just delighted that our consumers get to share this award-winning taste!! TRY IT- YOU'LL LOVE IT!!   Business Essentials is Africa's premium networking and business directory. Read more from our Press Room: ____ Innovative Ways To Approach Enterprise and Supplier Development and BEE ____ AB Inbev Focuses On Local Retailer Business Growth ____ SelfMed Medical Scheme Encourages You To Grow Your Courage This Movember! The post appeared first on Business Essentials .

Vodacom rewards shareholders with a larger payout

After a lean 2018 financial year in which dividends were cut slightly, Vodacom has raised the dividend for the first half of its 2019 financial year back to the same level it paid in 2017 and 2016. Vodacom raising its interim by 5c to R3.95 contrasts with rival MTN, which cut its interim dividend by 30% to R1.

Vodacom H1 profit down 13.5%

Headline EPS, the main profit measure in South Africa, came in at 385 cents in the six months through the end of September, compared with 445 cents a year earlier. | JOHANNESBURG - South African mobile phone group Vodacom reported a 13.5% fall in half-year profit on Monday, weighed down by the issuance of new shares to meet the black ownership target under domestic affirmative action rules.

Nubian Music Festival returns

After a successful debut in 2017, the Nubian Music Festival is back with not only Africa's finest musicians live in a gorgeous setting, but also an entire weekend of entertainment for the whole family at Hartbeespoort Dam from December 14 to 17. Mafikizolo, Mi Casa, Lira, Oliver Mtukudzi, Selaelo Selota, Kunle Ayo and Candy Tsamandebele are just some of the acts who will entertain crowds. "Come and enjoy the stunning views of Hartbeespoort Dam and the Magaliesberg mountain range, which offers beautiful scenery and breathtaking views," said Nubian Music Festival creator Mpho Mathope.

#Midrand: Standards are set for healthcare sector

at the Accolades Boutique Hotel in Midrand under the theme, Management Systems, as the solution to healthcare industry challenges. Also known as BSI, it is a business standards company which assists businesses to improve performance, reduce risk and achieve sustainable growth. Through its clients in 193 countries across the globe, BSI inserts excellence in organisations to improve business performance and resilience, while helping them find innovative and cost-effective solutions to support their needs.

Heart Cape Town Music Festival

Heart FM is hosting many of South Africa's biggest artists, including Micasa, Emo Adams, Jimmy Nevis, DR Victor, Freshly Ground and Mango Groove at the . Bring your folding chairs and picnic baskets and join the family fun. Venue:  PPC Newlands Cricket Stadium, 148 Campground Rd, Newlands.

Vodacom rewards shareholders with a larger payout

After a lean 2018 financial year in which dividends were cut slightly, Vodacom has raised the dividend for the first half of its 2019 financial year back to the same level it paid in 2017 and 2016. Vodacom raising its interim by 5c to R3.95 contrasts with rival MTN, which cut its interim dividend by 30% to R1.

UPDATE 1-South Africa's Vodacom H1 profit down 13.5 pct

(Adds details) Nov 12 (Reuters) - South African mobile phone group Vodacom reported a 13.5 percent fall in half-year profit on Monday, weighed down by the issuance of new shares to meet the black ownership target under domestic affirmative action rules. Headline EPS, the main profit measure in South Africa, came in at 385 cents in the six months through the end of September, compared with 445 cents a year earlier.

Vodacom thumbs its nose at weak SA economy

Vodacom Group's reported headline earnings per share (Heps) for the six months ended 30 September 2018 fell by 13.5% to R3.85, impacted negatively by the once-off effects of a new black economic empowerment deal.

Rising oil prices may boost Sasol on Monday

The health of SA's telecoms industry will be in focus this week, with Vodacom scheduled to release results on Monday and Telkom on Tuesday Monday may be a good day for Sasol and other oil-price related shares, but another bad day for Naspers, which is likely to follow Tencent lower. The Brent crude oil price was 2.42% higher at $71.

FT COMMENT: Richemont must figure out Asia

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CommScope spends $7.4bn

CommScope's acquisition of Arris was the largest deal in the international ICT market last week. At home, another acquisition by Adapt IT was the main local story. Key local news * Satisfactory interim numbers from ISA Holdings, with revenue up 2.

PE Business News: SA Breweries/AB inBev invests R438m in their new production line at PE

PE : SA Breweries/AB inBev invests R438m in their new production line at PE : Promote your business on BuyPE and MyPR. SA Breweries/AB inBev invests R438m in their new production line at PE: "At the onset of the global business combination between SABMiller and AB InBev … There are now two production lines at the Port Elizabeth-based brewery. Tadeu said the new line has created employme… Source: "Port Elizabeth" […] - MyPE News Dj Photo Booths : Dj Photo Booths: Wedding DJs, Corporate DJs, Party DJs, Photo Booths, Printing Booths, Sound & Lighting Entertainment for all kind of functions Weddings, Bridal Shower, Batchelor Parties, Birthday Parties, Corporate Event's, Conference Meetings, Farewell Events, Year-end Functions, Graduation Parties or any special event.

PE Business News: SA Breweries/AB inBev invests R438m in their new production line at PE

PE : SA Breweries/AB inBev invests R438m in their new production line at PE : Promote your business on BuyPE and MyPR. SA Breweries/AB inBev invests R438m in their new production line at PE: "At the onset of the global business combination between SABMiller and AB InBev … There are now two production lines at the Port Elizabeth-based brewery. Tadeu said the new line has created employme… Source: "Port Elizabeth" […] - MyPE News Dj Photo Booths : Dj Photo Booths: Wedding DJs, Corporate DJs, Party DJs, Photo Booths, Printing Booths, Sound & Lighting Entertainment for all kind of functions Weddings, Bridal Shower, Batchelor Parties, Birthday Parties, Corporate Event's, Conference Meetings, Farewell Events, Year-end Functions, Graduation Parties or any special event.

EDITORIAL: A retirement system in crisis

A new survey by Alexander Forbes shows only 5.17% of members can maintain their standard of living in retirement The sad state of retirement savings in SA is only getting worse. No amount of tax incentives and pleading from the Treasury seems able to entice people to do better.

PE Business News: SA Breweries/AB inBev invests R438m in their new production line at PE

Promote your business on BuyPE and MyPR . SA Breweries/AB inBev invests R438m in their new production line at PE : "At the onset of the global business combination between SABMiller and AB InBev … There are now two production lines at the Port Elizabeth -based brewery. Tadeu said the new line has created employme… Source: "Port Elizabeth" business - BingNews .

Bedevilled by the fallen angels - Part 3

The cases of Resilient, Grindrod Shipping and General Electric. We are rapidly reaching the end of the year, and with it comes the anniversary of Steinhoff's share price collapse due to accounting irregularities. Billions were wiped off the Johannesburg Stock Exchange.

UGANDA: Govr moves to take taxi owners out of business

Commuter taxi operators request government allow them pay monthly By Juliet Waiswa, NEW VISION Cabinet has announced new park user fees for taxis and buses in the country that will be paid annually. TRANSPORT KAMPALA- Commuter taxi drivers operating under Kampala Taxi Stages Association (KOTSA) have asked government to allow them pay in instalments their tax annual fees. During the drivers meeting on Thursday at Old Kampala, Yasin Sematimba, the chairperson of Kampala Taxi Stages Association (KOTSA) said government should allow them pay the fees in installments.

MSCI South Africa Direct Property Investment Awards winners announced

MSCI has announced the winning funds for the 15th MSCI South African Direct Property Investment Awards. The annual MSCI South African Direct Property Investment Awards recognize South African property portfolios that out-performed in their country group during the three years to June/December 2017. Determined by MSCI's standardized performance measurement procedures, the awards recognize independently verified investment performance by pension and life funds, listed funds and other professionally managed real estate across twenty-one eligible portfolios.

Unembargoed: November 9 to 15

North West ex-premier punted VBS A forensic report claims Supra Mahumapelo urged municipalities to invest with the bank Gama lobby guns for Maria Ramos Supporters also claim Barbara Hogan and Trevor Manuel have been targeting the ex-Transnet boss Gordhan details attack on treasury The minister's affidavit tells of bids to block a Bill that would enable scrutiny of dodgy money African Investment Forum has 306 pipelined projects worth $208-billion The bottom line was $208-billion at the Africa Investment Forum in Sandton this week. ANC acts quickly to halt DD fallout Branches peeved by Mabuza dropping NDZ may rob him of his deputy presidency of the country. Slice of life: Rest easy, Roy ‘He had beauty in him and perhaps more than just a little darkness' Rustenburg High shows up its junior school While concerned parents continue to urge transformation at Rustenburg Girls' Junior School (RGJS), Rustenburg Girls' High School (RGHS) has — in contrast — been praised for its discussions with its alumni.

Ithala helps women make headway in business

Photo: Hlaleleni Buthelezi of Ixhiba Cooperative inspects hydroponically grown tomatoes in one of the four greenhouses they have in Mbali, Pietermaritzburg, KwaZulu-Natal. The produce is sold at the Mkondeni market. Winners of the 2017 Ithala's Imbokodo Iyazenzela Women in Business competition are reaping the benefits of their prize - a business management mentorship programme specifically designed for the needs of their business.

Talk Africa: China Open for Business

As the world's second-largest economy, China is now looking to further open up its markets to the world's economies- particularly African countries. Imports to China are estimated to hit 10 trillion dollars over the next five years. At the first of its kind CIIE, Chinese President Xi Jinping reiterated the importance of multilateralism, announcing a raft of measures to promote China's trade with the world.

Toshiba to take more than $800m loss to exit US LNG business

Tokyo/Singapore — Japan's Toshiba has said it will pay more than $800m to an unidentified overseas "buyer" to exit its US liquefied natural gas (LNG) business as part of a five-year plan to shed money-losing assets. The sale is the disappointing culmination of a venture that puzzled analysts when it was announced in 2013. Asian LNG prices have plunged 42% in the past five years.

2018 Business Traveller Africa Award winners

Honouring those brands that have provided superior South African business travel service, the 7th annual Business Traveller Africa Awards announced its 2018 winners last week. © rawpixel - 123RF.comThe awards programme, launched in 2012 in association with Business Traveller Africa magazine, is aimed at the South African business travel trade and the broader business travel community.

Rocket Lab is in business with its first commercial launch

Rocket Lab has successfully carried out its first commercial launch, establishing a dominant position in the fast-growing market for flying small satellites into orbit. The company's Electron rocket launched at 4:50 pm local time from the company's New Zealand launch site on Nov 11, carrying six satellites. "We're thrilled to be leading the small satellite launch industry by reaching orbit a second time and deploying more payloads," CEO Peter Beck said.

Business planning for the festive season

Depending on their industry and core offering, businesses tend to experience one of two extremes over the festive season.

Premium PC business boosts Lenovo's quarterly profit

Chinese PC maker Lenovo Group reported a 21% rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period. Net profit for the quarter ended September came in at $168m, versus $139m a year earlier and an average estimate of $118m from nine analysts, according to Refinitiv data. Revenue rose 14% to $13.

uShaka a National Business Awards finalist

USHAKA Marine World is a finalist in the 16th annual National Business Awards and will go head to head with other top performers in the public service category for the winner's trophy which will be presented at Emperors Palace on 15 November. Also known as the Oscars of South African business, the annual National Business Awards recognise companies that boast outstanding performance in areas such as sustainability, customer focus, tech innovation and rapid growth. Backed by rigorous research and stringent criteria, the accolade is recognised as a benchmark for business excellence.

Three suspects arrested during foiled business robbery

Media Statement issued by the Western Cape Media Centre Corporate Communication and Liaison South African Police Service Western Cape: The quick response by members attached to the Western Cape Flying Squad led to the arrest of three suspects and the seizure of two unlicensed firearms. Yesterday SAPS reacted on information of a possible business robbery in Philippi East and arrested three suspects who were identified as the robbers. Two prohibited firearms without serial numbers and eight 9mm rounds of ammunition were confiscated.

PE Business News: Out with plastic, in with ‘green' wrap

Promote your business on BuyPE and MyPR . Out with plastic, in with ‘green' wrap : An environmentally minded Port Elizabeth mum was so exasperated by all the pesky … Hodgson's initiative has led to a thriving home business for her and several staff. Her re-usable food wraps - non- … Source: "Port Elizabeth" business - BingNews .

SA Breweries/AB inBev invests R438m in their new production line at PE

The new line has created jobs for 14 people, mostly women, and another 40 people are expected to get jobs when it operates at full capacity. South African Breweries (SAB) and AB InBev Africa today launched a R438 million production line at its Ibhayi Brewery based in Port Elizabeth. The multi-million rand investment is over and above the public interest commitments (PICs) made by AB-InBev to the South African government at the time of its business combination with SABMiller at the end of 2016.

One dead in Roodepoort head-on collision

Gauteng: At 21H00 Saturday night Netcare 911 responded to reports of a serious collision on the M77 Elias Motsoaledi Road in Roodepoort. Reports from the scene indicate that one person had died and multiple others sustained injuries in a collision between a mini-bus taxi and two light motor vehicles. The Fire and Rescue Services had to use the Jaws of Life to free occupants of the vehicles.

2018 Business Traveller Africa Award winners

Honouring those brands that have provided superior South African business travel service, the 7th annual Business Traveller Africa Awards announced its 2018 winners last week. © rawpixel - 123RF.comThe awards programme, launched in 2012 in association with Business Traveller Africa magazine, is aimed at the South African business travel trade and the broader business travel community.

Richemont under pressure over restructuring of reporting lines

The CFO of the luxury brands group will report directly to the board, instead of to the incoming CEO The conference call held last week for luxury brands group Richemont's latest results was at times surprisingly tense. This tension was especially noticeable when CFO Burkhart Grund had to field questions on why incoming CEO Jérôme Lambert would not be responsible for the whole group. Under the new structure Grund will not report to Lambert but directly to the board.

New twist emerges in SABC-MultiChoice saga

Competition Commission finds the 2013 transaction amounted to a merger The Competition Commission has ruled that a channel distribution agreement between the SABC and MultiChoice signed in 2013 constitutes a notifiable merger. It wants the public broadcaster and Africa's largest pay-TV operator to register the transaction as a merger, failing which they will be in violation of competition laws. The five-year agreement worth R500m, gave MultiChoice the right to broadcast SABC's 24-hour news channel and an entertainment channel, SABC Encore.

Pay up, family tells Impala Platinum

A family in Rustenburg is seeking more than R300 million in compensation from mining giant Impala Platinum (Implats) for land currently housing one of the mine's most profitable shafts. The Motsuenyane family in Rustenburg is dragging the mining company to court over the land, which was first bought by the family in the 1960s. It ended up under Implats' ownership after the company was granted mining rights by the apartheid government.

6 SA wines you should be investing in now

South African fine wine is gaining momentum as an alternative investment class. Intrinsic wine quality is at an all-time high as we enter a new era of industry-wide, quality-focused winemaking. WineCellar.

Labour broker workers win battles, but losing war

A potentially game-changing amendment to South Africa's labour law, followed by a precedent-setting Constitutional Court case, have still not delivered the goods for labour broker workers who face a number of tactics by employers to avoid the cost implications of the so-called deeming provision. These range from instantaneous retrenchments as soon as workers get "deemed" to be permanent workers to "equalising" their wages to that of previously nonexistent or simply more junior job categories. Some companies bring expensive lawyers to negotiate very unfavourable contracts with unrepresented workers.

Zimbabwe Platinum miners plan base-metal refinery, minister says

Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando said. The processing plant has been under consideration since at least 2014. The project may cost $134m, the state-owned Zimbabwe Broadcasting Corporation reported in September.

Opportunities in these 4 stocks on the JSE right now

The best investment returns are born in times of fear and uncertainty says Mikhail Motala, assistant fund manager at PSG Asset Management. Currently there is a prevailing negative narrative about the endless and seemingly unsolvable problems facing South Africa. Business confidence is close to 40-year lows and recent financial results commentary from JSE-listed companies reveals just how tough the economic environment is.

This one retirement statistic should shock you

Data from Alexander Forbes shows that more than half of its members retire on 20% or less of their final salary before retirement. The latest Member WatchTM analysis, commissioned by Alexander Forbes, has the biggest membership and employer groupings data sample of all retirement fund surveys available in South Africa. "Millions of South African employees rely on the money saved in their employer's retirement fund to provide them with an income in retirement.

The good, the bad and the ugly of the NDPP shortlist

Adv Shamila Batohi Shamila Batohi has been a senior legal advisor to the prosecutor at the International Criminal Court since 2009. Prior to that, she was Director of Public Prosecutions (DPP) in KwaZulu-Natal. She achieved notoriety when she famously led the prosecution of disgraced Proteas cricket captain Hansie Cronje at the King Commission.

World: The Human Capital Project in Africa: Stories of Progress

Source: World Bank Country: Ethiopia, Lesotho, Madagascar, Mali, Mauritania, Mozambique, United Republic of Tanzania, World, Zambia The Human Capital Project in Sub-Saharan Africa: Stories of Progress Human capital—the sum of a population's health, skills, knowledge, and experience—accounts for the largest share of countries' wealth globally. It allows everyone to reach their full potential and is increasingly becoming recognized as a primary driver of a nation's economic growth. The World Bank Group's Human Capital Project is a global effort designed to accelerate the accumulation of human capital by encouraging more effective policies and investments.

Pubs pump up profits when big beer ditches steel for plastic

The new plastic containers keep beer fresher for longer, and has enabled the cellar owner to increase the number of taps running at the bar. In the cellar underneath the Frederik VI bar in Copenhagen, owner Jimmy Streit showed off the innovation that's enabled him to boost his earnings by 5% in a declining business — a line of plastic kegs racked side-by-side like bowling balls against a concrete wall. Streit switched from traditional steel storage more than a year ago at the behest of his supplier, Carlsberg A/S.

Cyril Ramaphosa's answers to questions on VBS, his son and Bosasa

's answers to questions on VBS, his son and Bosasa President says Andile is running a clear and honest business as an advisory service Transcript of President Cyril Ramaphosa's replies to oral questions in the National Assembly, Tuesday, 6 November 2018 19.  The Leader of the Opposition (DA) to ask the President of the Republic: With reference to the statement of The Presidency on 15 October 2018 (details furnished), on what date (a) did he first become aware of the alleged involvement of executives in corruption and looting at the VBS Mutual Bank and (b) did he subsequently take any action in this regard? NUO3254E The PRESIDENT OF THE REPUBLIC: Speaker and hon members, let me start by thanking you for your indulgence for having been understanding. When I was supposed to answer questions here, I was indisposed, and you were kind enough to kind a postponement of this session to enable me to answer questions today, so I thank you for your understanding.

Oil prices and stock markets slide, dollar higher

Global equities sank deeper into the red on Friday following dour economic news from China while a slump in oil prices deepened. US investor appetite was dampened by economic data that suggested the central bank may continue raising interest rates, further eroding gains from a relief rally after Tuesday's midterm elections. Higher US energy stockpiles drove benchmark WTI crude to its longest losing streak in more than 30 years, with the tenth straight lower finish, while the dollar gained against the pound and the euro.

PE Business News: SA companies head to Sweden in search of export markets

Promote your business on BuyPE and MyPR . SA companies head to Sweden in search of export markets : PORT ELIZABETH - A delegation of South African exporters heads … The dti said that the programme included a business seminar, business-to-business meetings and site visits. "The Natural Products Sca… Source: "Port Elizabeth" business - BingNews .

SPACECOM LAUNCHES VERTICAL SOLUTIONS DIVISION TARGETING AFRICA'S GROWING DATA AND VIDEO MARKETS

Tel Aviv - 8 November 2018: Spacecom (Tel Aviv Stock Exchange: SCC), operator of the AMOS satellite fleet, announced that it is expanding sales with a Vertical Solutions Division targeting MNOs, government programs, service providers and other commercial groups operating in the fertile data, mobile, and video markets. Spacecom's new division adds value to customers by enabling them to reach a broader range of new business opportunities as they add complementary applications and push further into digital markets. The new division's first deal is a multi-year contract with a leading Southern Africa VSAT services provider via AMOS-7.

What is good for emerging markets is good for the rand, SA equities

Emerging markets have underperformed significantly since the start of the year, despite an economic backdrop that is supportive of emerging market equities. According to to Overberg Asset Management, this seems unreasonable. OAM noted that blame for the underperformance in emerging market equities is attributed to the strengthening dollar and unpredictable US trade policy.

For skincare brands, urban pollution is good for business

Big Beauty has been all about skincare lately, and that part of the industry is thriving, thanks in large part to its ballooning anti-aging category . But another category of skincare might be the next growth area: As air quality declines in cities around the world, "anti-pollution" products are making their way into the mainstream, holding new appeal for urbanites trying to protect their skin. The World Health Organization has warned that air pollution is the largest health risk humans face .

WATCH: Fordsburg business owners fight back against crime

Johannesburg - Mounds of rotting garbage lie piled on the streets of Fordsburg's business district. The distinct smell of urine and rubbish linger in the air in the hub of commercial and retail activity. Vagrants occupy most corners.

WATCH: Fordsburg business owners fight back against crime

Johannesburg - Mounds of rotting garbage lie piled on the streets of Fordsburg's business district. The distinct smell of urine and rubbish linger in the air in the hub of commercial and retail activity. Vagrants occupy most corners.

APO AFRICA Africa agribusiness, a US$1 trillion business by 2030

Download logo As project sponsors, borrowers, lenders and investors gathered at the Africa Investment Forum (www.AfricaInvestmentForum.com) to make deals on investment opportunities, leaders of the continent's top agribusiness companies shared their thoughts on the future of the industry.

BUSINESS: @Facebook is a good short

I trade from pessimism and always look for companies to short. I will short FB till it dies. My long time followers know that when I short a stock, the company dies.

Uganda: Monkey business: Hungry vermin steal food from Ugandan farmers

Source: Thomson Reuters Foundation Country: Uganda As climate change and human activity in wetlands have reduced the primates #39; food sources, they are raiding fields By Fredrick Mugira MBARARA, Uganda, Nov 10 (Thomson Reuters Foundation) - When Bwakatahwihire Buhikire moved to Nyarubungo village three decades ago, he hoped his family would be able to grow more crops on their new, larger plot of land. Instead they found themselves competing with monkeys for food. Buhikire was shocked by how people in southwest Uganda #39;s Mbarara district hunted and killed the vervet monkeys they view as pests - but the grey-haired primates with black faces were starving his family.

The Big Read: BUSA CEO Tanya Cohen on changing tack in business after a 'decade of destruction'

CEO of Business Unity South Africa Tanya Cohen is optimistic the country will exit the recession in 2019, but says there must be recognition that there has been a decade of destruction and extraordinary steps have to be taken by government and trade-offs made by all social partners. "Has our work culture really shifted? We have become so used to operating in a certain way," she said in an interview with Fin24 in Sandton last week. BUSA is considered the apex institution representing organised business, with a range of members: professional, sectoral, chambers and South Africa's largest corporates.

Monkey business: Hungry 'vermin' steal food from Ugandan farmers

When Bwakatahwihire Buhikire moved to Nyarubungo village three decades ago, he hoped his family would be able to grow more crops on their new, larger plot of land. Instead they found themselves competing with monkeys for food. Buhikire was shocked by how people in southwest Uganda's Mbarara district hunted and killed the vervet monkeys they view as pests - but the grey-haired primates with black faces were starving his family.

FEATURE-Monkey business: Hungry 'vermin' steal food from Ugandan farmers

MBARARA, Uganda, Nov 10 (Thomson Reuters Foundation) - When Bwakatahwihire Buhikire moved to Nyarubungo village three decades ago, he hoped his family would be able to grow more crops on their new, larger plot of land. Instead they found themselves competing with monkeys for food. Buhikire was shocked by how people in southwest Uganda's Mbarara district hunted and killed the vervet monkeys they view as pests - but the grey-haired primates with black faces were starving his family.

Tunisa rises in World Bank's Ease of Doing Business Index

The World Bank has ranked Tunisia 80th out of 190 countries in its annual Doing Business Report. The survey measures regulations governing 11 areas of business operations. The indicators are used to analyse economic performance and identify the best reforms, based on the country's context.

PE Business News: SA companies head to Sweden in search of export markets

Promote your business on BuyPE and MyPR . SA companies head to Sweden in search of export markets : PORT ELIZABETH - A delegation of South African exporters heads … The dti said that the programme included a business seminar, business-to-business meetings and site visits. "The Natural Products Sca… Source: "Port Elizabeth" business - BingNews .

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

SAA to resume flights to Nigeria?

South African Airways could sell shares to the public as the state-owned carrier seeks ways to end years of losses and reduce the need for bailouts, according to people familiar with the matter. The move would enable the government to cut its stake in much the same way as it did with former phone monopoly Telkom SA SOC Ltd. almost two decades ago, said the people, who asked not to be named as the information is not public.

Mining conflicts multiply, as critics of "extractivism" gather in Johannesburg

This is the moment for a profoundly critical standpoint to take root, unhindered by ineffectual reformism associated with  Corporate Social Responsibility  gimmicks and the mining sector's civilised-society watchdogging at the  mainly uncritical  Alternative Mining Indaba. That non-governmental organisations-dominated event occurs annually in Cape Town every February, at the same time and place where the extractive mega-corporations gather.  The Thematic Forum firmly  opposes  "extractivism.

Oil slide, China worries send Wall Street tumbling

Falling oil prices stock growth worries. Wall Street's three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported. Oil prices fell nearly 1.

TymeBank ‘soft' launches in South Africa

TymeBank, owned by South African billionaire Patrice Motsepe, has started signing up customers for its new online bank, one of a number of entrants planning to steal clients away from traditional lenders such as Standard Bank Group Ltd. and Absa Group Ltd. The Johannesburg-based company has signed up 1,800 clients in the first week of an unofficial launch, Chief Executive Officer Sandile Shabalala said in an interview in the city on Friday.

Two motorcyclists hospitalised after crashing into each other in Vanderbijlpark

Gauteng: At 22H20 Friday night Netcare 911 responded to reports of a collision on Ravel road in Vanderbijlpark. Reports from the scene indicate that two adult male motorcyclists sustained serious injuries when they collided with each other. The patients were treated on scene and once stabilized were transported to hospital for further treatment.

Pedestrian critical after being struck down on the N2

KwaZulu-Natal: At 17H00 Friday afternoon Netcare 911 responded to reports of pedestrian vehicle collision on the N2 South bound near the M19 offramp in Sea Cow Lake. Reports from the scene indicate that an adult female sustained serious injuries after being knocked down by a light motor vehicle while crossing the road. Due to the nature of her injuries the patient was treated on scene by an Advanced life support paramedic and once stabilized was transported to hospital for further treatment.

FS Hawks nab nine for kidnapping

The nine suspects that were arrested in possession of R 1 million in cash, six vehicles and gold nuggets in Welkom in the Free State, are expected to appear before the City's Magistrate Court, on Monday. The nine suspects aged between 31 and 38 were arrested on Friday pending charges of kidnapping and theft of unwrought precious metal. The Hawks' spokesperson, S'fiso Nyakane, says the suspects were arrested following a raid they conducted together with members of the South African Police Service (SAPS), Harmony Gold Mine Security and the Bidvest Coin Security.

Ruimsig Montessori learner claims top prize in national Sappi competition

Ruimsig Montessori Grade 6 learner, Ayomide Adeyemi, won the Sappi ‘Trees are Life' competition in the Grade 1-7 division of the Tree Poetry category with her poem, entitled The Mystery Tree. For the Tree Poetry part of the competition, a poem in either Afrikaans or English needed to be submitted, with a maximum length of one A4 page. Each school that entered the competition was only allowed one entry per category, and Ruimsig Montessori chose Ayomide's poem.

Billionaire Motsepe starts online challenge to SA banks

TymeBank has signed up 1 800 clients in the first week of an unofficial launch. TymeBank, owned by South African billionaire Patrice Motsepe, has started signing up customers for its new online bank, one of a number of entrants planning to steal clients away from traditional lenders such as Standard Bank Group and Absa Group. The Johannesburg-based company has signed up 1 800 clients in the first week of an unofficial launch, chief executive officer Sandile Shabalala said in an interview in the city on Friday.

PE Business News: SA companies head to Sweden in search of export markets

Promote your business on BuyPE and MyPR . SA companies head to Sweden in search of export markets : PORT ELIZABETH - A delegation of South African exporters heads … The dti said that the programme included a business seminar, business-to-business meetings and site visits. "The Natural Products Sca… Source: "Port Elizabeth" business - BingNews .

6 SA WINES YOU SHOULD BE INVESTING IN NOW

South African fine wine is gaining momentum as an alternative investment class. Intrinsic wine quality is at an all-time high as the we enter a new era of industry-wide, quality-focused wine-making. Smaller producers and larger historical properties are harnessing young and old vines with a deeper understanding than ever before.

SAB Invests R438 Million New Production Line At Port Elizabeth Brewery

The country's largest brewer, SAB and AB InBev Africa, has delivered a strong vote of confidence in Port Elizabeth's vibrant manufacturing industry with the launch of a brand new R438-million (USD$30-million) production line at its Ibhayi Brewery based in the coastal town's industrial area of Perseverance. The multi-million rand investment is over and above the Public Interest Commitments (PIC) made by AB-InBev to the South African government at the time of its business combination with SABMiller at the end of 2016. The PIC involves AB InBev investing R1-billion in South Africa over the next 5 years in the areas of Agriculture, Entrepreneurship and Societal Benefits.

3 Injured in Durban North crash

KwaZulu-Natal: At 09H25 Friday night Netcare 911 responded to reports of a collision on Kenneth Kaunda drive in Durban North. Reports from the scene indicate that the driver of a light motor vehicle lost control resulting in the crashing into a wall. Two adult males and an adult female sustained minor injuries and were transported by another private ambulance service to hospital for further assessment.

1 Dead, 2 injured in N3 crash

KwaZulu-Natal: At 07H56 Friday morning Netcare 911 responded to reports of a collision on the N3 near the Peter Brown offramp. Reports from the scene indicate that a light motor vehicle had broken down and was parked on the side of the road when the driver of a light delivery vehicle lost control resulting in a rollover fatally wounding the elderly male from the car. The female occupant of the car had sustained serious injuries and a male occupant of the bakkie sustained minor injuries, both patients were treated on scene and transported to hospital for further treatment.

How Virtual Reality Can Help Keep African Miners Safe

A South African tech company is putting virtual reality technology to good use by making the mining industry safer. Mining is getting more dangerous, if official statistics are to be believed, with South Africa's Department of Mineral Resources telling parliament earlier this year that, though the number of injuries have been falling, fatalities increased between 2017 and 2018. Fatalities on mining operations increased from 51 to 58 over the year, with the figures infuriating the mining unions, which have criticized companies for failing to keep workers safe.

JSE closes weaker as fresh fears are reignited into global markets

The US Fed struck a positive tone on the US economy on Thursday following their decision to keep interest rates unchanged. As a result, market participants are pricing in a high possibility of a rate hike at the next FOMC meeting which could be negative for stocks. Weaker Chinese PPI and car sales data also ignited fears that the Chinese economy would not be able to grow at the levels that were previously anticipated.

Take Five: Trump to Italy, world markets themes for the week ahead

Nov 9 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. A SEASON OF THANKS AND HOPE As 2018 inches towards close, many investors, such as those sitting on 16-percent losses on emerging market stocks, will be looking forward to turning the page on the year. Ditto for those who bought Italian bonds and found themseves 12 percent in the red.

The top business schools for high-paying tech jobs

When it comes to first-year compensation, there is perhaps no greater factor than the name of the school on your diploma. This is particularly true for U.S.

How to maximise holiday business sales

Featured Content Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? 7 hours ago The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

Africa agribusiness, a US$1 trillion business by 2030

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.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

Africa Top10 Business News

1. The Biggest Single Deal of the Day at the Africa Investment Forum South Africa and Ghana signed a $2.6-billion deal that is expected to improve Accra's public transport system through an elevated light railway system which would provide low cost transport to it citizens.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

#RandReport: Rand slips on hawkish Fed

The Federal Reserve held interest rates steady but struck an expectedly hawkish tone that fed into some dollar gains and put emerging market currencies under pressure. | JOHANNESBURG - The rand weakened on Friday in line with emerging market currencies as indications the United States central bank would stay on a policy tightening path drained the demand for risk that followed US election results. Stocks fell largely due to subdued risk demand globally and weak consumer demand locally.

Four injured in collision in Krugersdorp

Gauteng: At 17H07 Friday afternoon Netcare 911 responded to reports of a collision on Viljoen in Krugersdorp. Reports from the scene indicate that four people were injured in a collision between a light motor vehicle and a light delivery vehicle. All the patients were treated on scene and transported by Netcare 911 and various other ambulances to hospital for further treatment.

JSE closes weaker as fresh fears are reignited into global markets

The US Fed struck a positive tone on the US economy on Thursday following their decision to keep interest rates unchanged. As a result, market participants are pricing in a high possibility of a rate hike at the next FOMC meeting which could be negative for stocks. Weaker Chinese PPI and car sales data also ignited fears that the Chinese economy would not be able to grow at the levels that were previously anticipated.

News update Telecoms and ICT in Africa - Issue no 950 9 November 2018

Privatization of Africa's state-owned telcos is stuck in a rut - potential assets are wasting away 9 November 2018 Two recent privatization announcements have re-ignited interest in whether momentum might be returning to what has seemed like a stuck process. Russell Southwood reviews where the process has got to and why it remains important. Only 18 out of 52 African countries have privatized their state-owned telecoms company.

UPDATE 2-Commodities stocks drag Europe down as Thyssenkrupp, Richemont earnings disappoint

* Europe's STOXX down 0.4 pct * Miners, autos, oil stocks tumble * Thyssenkrupp sinks 9 pct after profit warning * Luxury stocks suffer from weak Richemont results (Updates prices, adds details) By Julien Ponthus and Helen Reid LONDON, Nov 9 (Reuters) - European shares slipped on Friday as mining and oil stocks sold off and weak results from Thyssenkrupp and Richemont weighed on sentiment. The pan-European STOXX 600 fell 0.

Patrick Leclezio: How widely are flavouring agents being used in your brandy?

If you've never encountered the term "bonificateur" you're not alone.  Until last year I hadn't, and I'd reckon the same goes for most.  Loosely translated from French as "good maker", prompting the unfortunate inference that some sort of rectification is needed, it denotes a slug of additives introduced into brandy during blending, to influence its flavour or colour or both.

UPDATE 1-Britain's FTSE falls as Fed stalls election rally; miners sink on weak prices

* FTSE 100 ends down 0.5 pct, but ekes out gains on the week * FTSE 250 falls 0.8 pct on weak pound * Weak metal prices hurt miners * Informa shines after trading update (Adding details, updating prices) LONDON, Nov 9 (Reuters) - UK shares fell on Friday, ending two days of gains as weak metals prices weighed, Burberry sank 5 percent and Wall Street opened lower after a hawkish Federal Reserve statement renewed worries about an imminent interest rate hike.

Mzansi Super League Broadcast

SABC brings you cricket the Mzansi way The South African Broadcasting Corporation is pleased to release the broadcast schedule for the Mzansi Super League (MSL), in which the SABC has partnered with Cricket South Africa (CSA) to broadcast the tournament live and exclusive on SABC platforms. The hashtag for the league is #MSLT20 and this partnership will allow the SABC to bring the much anticipated #MSLT20 to millions of audiences across the country using the power of SABC Television, Radio and Digital platforms. The broadcast of the tournament will commence on Friday, the 16th of November 2018 until Sunday, the 16th of December 2018.

Tiger Brands says FY earnings to fall as much as 30 percent

South Africa's Tiger Brands expects full year headline earnings per share to fall between 25 and 30 percent compared with the previous year, the food group said on Friday, sending its shares 3 percent lower. In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business in December 2017, of between 22 and 37 percent. Headline earnings per share strips out certain once-off items and is the main profit measure used in South Africa.

South Africa's rand slips on hawkish Fed; stocks slip

A street money changer counts South African Rands in Harare JOHANNESBURG (Reuters) - South Africa's rand weakened on Friday in line with emerging market currencies as indications the United States central bank would stay on a policy tightening path drained the demand for risk that followed U.S. election results.

Rand slips on hawkish Fed; stocks slip

Hawkish Fed hits rand South Africa's rand weakened on Friday in line with emerging market currencies as indications the United States central bank would stay on a policy tightening path drained the demand for risk that followed U.S election results. Stocks fell largely due to subdued risk demand globally and weak consumer demand locally.

Patrick Leclezio: How widely are flavouring agents being used in your brandy?

Home Opinion & Analysis Opinion & Analysis Patrick Leclezio: How widely are flavouring agents being used in your brandy? By Patrick Leclezio - November 9, 2018 0 SHARE Facebook Twitter If you've never encountered the term "bonificateur" you're not alone.  Until last year I hadn't, and I'd reckon the same goes for most.  Loosely translated from French as "good maker", prompting the unfortunate inference that some sort of rectification is needed, it denotes a slug of additives introduced into brandy during blending, to influence its flavour or colour or both.

Tiger Brands says FY earnings to fall as much as 30%

Tiger Brands expects full year headline earnings per share to fall between 25% and 30% compared with the previous year, the food group said on Friday, sending its shares 3% lower. In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business in December 2017, of between 22% and 37%. Headline earnings per share strips out certain once-off items and is the main profit measure used in South Africa.

Arket marches forward with UK expansion, opens at Bullring

Arket, one of H&M's newest clothing brands, has added one more store to its UK portfolio with the opening of a new shop at Bullring in Birmingham this week. The regional flagship store spreads over 13,000 square feet on the shopping centre's upper level. Designed by an in-house team in line with the brand's "modern-day market" identity, the space includes a café serving vegetarian and vegan food inspired by Nordic cuisine.

Welkom Yizani To Be Listed on Equity Express Securities Exchange

Media 24 / Salary Magazine Welkom Yizani , the broad-based black economic empowerment scheme which holds a 15% stake in Media24, will be listed on the Equity Express Securities Exchange (EESE). EESE is a licensed stock exchange authorized in accordance with the terms of the FM Act to operate as such. From 09:00 on 23 November 2018, the Welkom Yizani shares will be listed on EESE and shareholders will be trading their shares through the stock exchange operated by EESE.

South Africa's rand slips on hawkish Fed; stocks slip

JOHANNESBURG (Reuters) - South Africa's rand weakened on Friday in line with emerging market currencies as indications the United States central bank would stay on a policy tightening path drained the demand for risk that followed U.S. election results.

U.S. firm to assemble phones in Uganda

By Elias BiryabaremaKAMPALA (Reuters) - U.S. firm CTI Africa plans to invest $10 million in Uganda to build a plant to assemble low-end smart mobile phones and manufacture phone components, its chief executive said on Friday.

World's best T20 bowler to light up Mzanzi Super League for Durban Heat

The current number one T20I bowler in the world Rashid Khan is set to ignite the Durban Heat when he lands on South African shores for the inaugural Mzansi Super League starting on Friday, 16 November. The Afghanistan spin wizard has rocketed to the number one spot on the ICC T20I bowling rankings at just 20 years old, but has already played in a total of 169 T20 matches for club, province, franchise and country. With a T20 bowling average of just 15 and 200 wickets to his name, the statistics suggest that Khan is a match winner.

SAA could publicly list in South Africa: report

South African Airways (SAA) could sell shares to the public as the state-owned carrier seeks ways to end years of losses and reduce the need for bailouts, according to people familiar with the matter. The move would enable the government to cut its stake in much the same way as it did with former phone monopoly Telkom almost two decades ago, said the people, who asked not to be named as the information is not public. However, the carrier would first need to make progress with a turnaround plan designed to reach break-even in three years, they said.

Tribunal to hold Sibanye, Lonmin merger hearing next week

The Competition Tribunal will, from November 12 to 14, hear several submissions from parties affected by the proposed merger between precious metals miner Sibanye-Stillwater and platinum group metals (PGMs) miner Lonmin. The Competition Commission, which assesses large mergers prior to referring them to the tribunal for a decision, evaluated the transaction and concluded that it was unlikely to raise significant competition concerns. The tribunal will hear the commission's recommendation, and that of all the other parties involved, over three days next week and thereafter issue its decision on the merger.

Vodacom South Africa and Telkom sign roaming and facilities leasing deal

Vodacom South Africa and Telkom have concluded a long-term, multi-billion rand agreement whereby Telkom will obtain roaming and facilities leasing services from Vodacom with full effect from June 2019. Telkom customers will be able to roam on Vodacom's 2G, 3G and 4G networks and this will reduce the number of dropped calls as users move between networks. Telkom has had a roaming agreement in place with MTN since its inception nine years ago for 2G and 3G services.

Lunchtime Wrap: Stocks fall on oil, China concerns; dollar gains

US equity-index futures fell for a second day as crude oil's slide into a bear market and concerns over the health of China's economy weighed on global stocks. The dollar continued its advance after the Federal Reserve stayed on track for a December rate hike. Mining and energy shares led a drop in Europe's main equity gauge and most industrial metals fell, while disappointing forecasts from Richemont and Thyssenkrup also weighed on the index.

Ex-VBS bosses fail to pitch for disciplinary hearing

The disciplinary committee presiding over an SA Institute of Chartered Accountants (Saica) hearing into two former top VBS Mutual Bank officials said it was "uncomfortable" that not enough had been done to notify the officials to attend the proceedings which could see them stripped of their chartered accountant titles.  Neither former VBS and Vele Investments chairperson Tshifhiwa Matodzi, nor former VBS CEO Andile Ramavhunga were present at the disciplinary hearing on Friday at the accounting body's offices in Illovo, Johannesburg.   Saica's legal team argued they should be struck off the CA (SA) roll for not less than ten years after they were provisionally sequestrated by the South Gauteng High Court in July and August respectively.

Gold Fields Third-Quarter Production Falls

FILE: Miners at a Gold Fields mine. Picture: Gold Fields Limited Facebook page Gold Fields said on Friday third-quarter production was down 3%, with its last South African asset, South Deep, weighing on total output. South Deep has faced numerous operational obstacles in a tough geological setting 3km below the surface and is undergoing restructuring that would cut around about 1,100 jobs.

South African Airways Is Said to Consider Share Sale for Cash

South African Airways could sell shares to the public as the state-owned carrier seeks ways to end years of losses and reduce the need for bailouts, according to people familiar with the matter. The move would enable the government to cut its stake in much the same way as it did with former phone monopoly Telkom SA SOC Ltd. almost two decades ago, said the people, who asked not to be named as the information is not public.

Half of SA retires with too little to survive

Retirement in South Africa seems to be growing increasingly filled with struggles. A recent report commissioned by Alexander Forbes is an analysis of the largest groupings of data complied from all retirement fund surveys in SA, and some of the facts it reveals are shocking. One of the report's key findings was that at the end of employment, over 50% of South Africans rely on saved money in their employer's retirement fund to support them.

ICT could be SA's lifeboat during the recession

Most analysts would agree that a sense of political stability and renewed national hope has swept through South Africa recently, but ratings downgrades, international economic uncertainty and, now, a surprise recession, continue to present stubborn hurdles to our economic success. Steve Briggs is chief commercial officer at SeacomWith South Africa's mining, manufacturing and agricultural sectors experiencing a worrying slowdown, many economists are wondering out loud what our next move will be as a nation. What will we do if we can no longer rely on what have been, for decades, the stalwart sectors of the South African economy? But perhaps this rude awakening is a blessing in disguise.

PASA plays important role in rejuvenation of Joburg inner city

/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement. Paragon Architects South Africa (PASA), part of the Paragon Group of architecture and interior architecture companies, has played an important role in the rejuvenation of the Johannesburg inner city with its conversion of the former ANC Shell House headquarters at 51 Plein Street into a 563-unit residential development for client HCI Properties, part of Hosken Consolidated Investments (HCI). Managed on behalf of HCI Properties by Mafadi Property Management, such has been the success of the project that it is currently 95% let.

No one can compete with DStv for Africa's premium pay TV market

Dethroning Naspers-owned DStv as the pay TV market leader in Africa is proving a death knell for its competitors. Naspers Ltd -3,10 -7,36% Two years after it first launched, Kwese TV, the pay TV service owned by telecoms giant Econet, has shut down its subscriptions model and is cutting off expensive third-party channels. The service will now essentially only carry free-to-air religious, news and sports channels and will no longer charge monthly subscription fees.

Hawks arrest nine suspects for alleged kidnapping

Media Statement from Directorate of Priority Crimes Investigation (HAWKS) South African Police Service FREE STATE - The Hawks' Serious Organised Crime Unit assisted by Thabong Crime Intelligence, Welkom K9 Unit, Harmony Gold Mine Security and Bidvest Coin Security conducted an early morning raid that resulted in the arrest of nine individuals. The nine suspects aged between 31 and 38 for were arrested on Friday morning pending alleged charges of kidnapping and theft of unwrought precious metal. The integrated team concluded an intensive investigation early this morning that was originally initiated on Wednesday following the kidnapping of a 42 year old woman.

This could be a game changer for financing Africa's transformation

It is estimated that around $170 billion is required per annum to finance the African Development Bank's High Five Agenda. Moreover, Africa's annual infrastructure gap is estimated anywhere between $68 - $130 billion a year. By: Stella Kilonzo, Senior Director, Africa Investment Forum, African Development BankIt is estimated that around $170 billion is required per annum to finance the African Development Bank's High Five Agenda.

Capitec Bank and Discovery's Adrian Gore receive top accolades at 2018 Sunday Times Top 100 Companies Awards

Adrian Gore, founder and CEO of Discovery Limited, received the Lifetime Achievement Award at the annual Sunday Times Top 100 Companies Awards that were held at the Empire Venue in Parktown on 8 November. Capitec Bank Holdings Ltd was announced as the 2018 Sunday Times Top Company for its share performance on the Johannesburg Stock Exchange (JSE) over the past five years. The Awards were presented in association with BCX.

Opportunity beckons for Africa's emerging wealth market

While there is a growing international movement towards a shared future, there is still a long road ahead. Many headwinds are holding back the ability of nations to grow and create financial stability and wealth, not least of which are ongoing geopolitical strife and consequent policy uncertainty. Emerging markets - in particular, in Africa - need to be even more vigilant in this environment to ensure they protect their wealth for future generations.

SAA said to consider share sale for cash

SAA has had an equity partner before. South African Airways could sell shares to the public as the state-owned carrier seeks ways to end years of losses and reduce the need for bailouts, according to people familiar with the matter. The move would enable the government to cut its stake in much the same way as it did with former phone monopoly Telkom SA.

Russian state bank secretly financed Rosneft sale after foreign buyers baulked

* Officials hailed Rosneft privatisation in 2016 as success* Said sale showed Russia open for business despite sanctions* But state-owned bank VTB secretly financed much of deal-sources* Loaned around $6 bln to Qataris, over half value of sale-sources* Bank denies issuing loan to Qatari sovereign wealth fundBy Tatiana Voronova, Oksana Kobzeva and Dmitry ZhdannikovMOSCOW/LONDON, Nov 9 (Reuters) - It was billed as the deal that proved Russia remained open for business."I want to congratulate you", Russian President Vladimir Putin told his trusted ally Igor Sechin, after greeting him with a warm handshake in the Kremlin in December, 2016.Sechin had just announced the sale to Qatar's sovereign wealth fund and giant commodity trader Glencore of a 19.

European shares slip as Fed saps post U.S. midterms rally

* Wall Street, Asia retreat on Fed statement* Thyssenkrup profit warming* Luxury stocks suffer from Richemont H1 (Adds quote, stocks)By Julien PonthusLONDON, Nov 9 (Reuters) - European shares slipped on Friday, joining a global market retreat that spread from Wall Street to Asia after the Federal Reserve appeared to remain on track to raise its key interest rate next month.The pan-European STOXX 600 was down 0.5 percent at 0930 GMT, while the leading index of euro zone stocks was 0.

Britain's FTSE falls as Fed stalls election rally; miners sink on weak prices

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.6 pct; FTSE 250 down 0.5 pct* Weak metal prices hurt miners* Informa shines after trading updateLONDON, Nov 9 (Reuters) - UK shares fell on Friday, ending two days of gains and taking their lead from weaker U.

Markets LIVE: Brent oil drops under $70 for first time since April

Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil producing nations in Abu Dhabi. LIVE NEWS FEED Jump to bottom Last Updated at 13:22 13:12 Copy URL: Share Icon Life Healthcare expects improved earnings, following Alliance medical acquisition Life Healthcare expects improved financial results for the year ended September 30, 2018 - due to better than expected performance of Alliance Medical, the group said in a trading statement update to shareholders on Friday morning. Earnings per share is expected to be between 103.

Beluga launches New Whisky Lounge

Beluga has launched a new whisky lounge, and to mark the occasion they hosted an exclusive party with 10 amazing whisky tasting bars, delectable canapés, a wealth of entertainment including a Scottish Bagpipe performance and a showcase of Masaratis! The tasting bars were managed by seven of Beluga's wonderful whisky suppliers, namely: Macallan (Edrington/ABV), The Glenlivet (Pernod Ricard), Glenmorangie (RGBC), Johnnie Walker (Diageo), Dewar's and Aultmore (Bacardi), Kavalan (Universal Brands), and Three Ships, Bains, Bunnahabhain and Deanston (Distell). Throughout the evening guests were purchasing one of the exclusive lockers available in the Beluga Whisky Lounge and subsequently filling it with their favourite whiskies, as they had tasted during the luxurious evening. This event was only the start of many amazing things to come at Beluga.

Beluga launches new whisky lounge

Tuesday night saw a collection of high-end businessmen, Maserati's top clientele, and an array of influencers and celebrities make their way to De Waterkant restaurant, Beluga to celebrate the launch of Beluga's new whisky lounge. © Tegan Smith Photography. The glamorous event opened with a Scottish Bagpipe performance and then we were greeted by smiling hostesses and welcome cocktails, before feasting our eyes on the impressive Maserati car display at the entrance of the restaurant.

6 Power Women from the AWIEF Conference You Should be Following

Africa's number one female entrepreneurship conference and exhibition, AWIEF, for the fourth year running hosted one of the biggest gatherings of female entrepreneurs, thought leaders, industry experts, academics, development organisations, and investors. The goal of the conference is  to accelerate the growth of women-owned businesses across the 54 African countries. The two-day conference which ends today gives some of the continent's most powerful women a platform to discuss challenges and opportunities on the continent across all sectors including, financial services, agriculture, energy, health, health and entrepreneurship.

Do our professionals have moral capital or its depleted?

Africa has one of the world's unsung intellectual capital and origins of scientific developments. South Africa has its own share of being a location of research and development. The liberation of South Africa was encompassed by the presence of Professionals from its inception to date.

Britain's FTSE falls as Fed stalls election rally; miners sink on weak prices

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 down 0.6 pct; FTSE 250 down 0.5 pct * Weak metal prices hurt miners * Informa shines after trading update LONDON, Nov 9 (Reuters) - UK shares fell on Friday, ending two days of gains and taking their lead from weaker U.

Strict new laws coming for fruit flavours in e-cigarettes

E-cigarettes will face strict new limits imposed by the U.S. Food and Drug Administration, according to a senior FDA official, restricting sales of many popular fruit flavors amid what the agency has called an epidemic of youth use.

Workshop17 takes 'Best Coworking Space' title in Southern Africa Startup Awards

One of 75 local finalists shortlisted across 15 categories, Workshop17 was named Best Coworking Space - South Africa, at the recent Southern Africa Startup Awards. Workshop17 Maboneng The coworking space provider was recognised for being "a coworking space that deserves recognition for its services, support and resources to fast-growing tech startups, and for creating a culture and environment that fosters innovation". Formerly Open Workspaces, Workshop17's first coworking space opened in 2012, and has since grown into five workspaces hosting over 2,000 members and 500 companies, with more locations in the pipeline.

Whistles and Hobbs owner outperforms the market despite challenges

Share of The Foschini Group (TFG) rose over 2% on Thursday after the company released its latest half-year results and showed that it's outperforming a difficult market.  Whistles The owner of the Whistles, Hobbs and Phase Eight brands had said that in all three of its major territories, South Africa, the UK and Australia, trading conditions "remained difficult and constrained during the first half " but that it "delivered a strong result for the period with good performance in each of the territories relative to our respective peer groups." Headline earnings growth increased 14.

Amplats hoping to advance fuel cell ambitions with China visit

Anglo American Platinum (Amplats) will be hosting an investor and analyst visit to China on November 12, during which the platinum miner intends to showcase the demand for platinum group metals (PGMs). The visit will focus on the growth of fuel cell vehicle production in China and on gaining an understanding of the changing dynamics of the platinum jewellery market in China. A presentation, which introduces the hydrogen economy and fuel cells, will be made available to participants and on the Amplats website from November 12.

UPDATE 1-South Africa's rand slips on hawkish Fed; stocks slip

(Adds latest prices, analyst quotes) JOHANNESBURG, Nov 9 (Reuters) - South Africa's rand weakened more than one percent on Friday in line with emerging market currencies as indications the United States central bank would stay on a policy tightening path drained the demand for risk that followed U.S. election results.

EDITOR'S LUNCHBOX: SABC is cutting staff costs, apparently by using freelancers

Institutional investors want to see links between executive rewards and shareholder returns and they also want simplicity (take note Naspers) Stories of Note Bytes from the digital world It was not Atul but Ajay Gupta who prophesied to Fikile Mbalula that former president Jacob Zuma would appoint him sports minister, Mbalula told Business Day, quibbling with former finance minister Trevor Manuel's details when he raised the alarm the Gupta brothers were picking cabinet members. Another accounting scandal is brewing, with the Independent Regulatory Board for Auditors accusing Deloitte of allowing African Bank to hide its bad loan problems from investors and creditors. In My Opinion Matters of debate The person responsible for putting together the SABC's sports broadcasts works Monday to Friday, which means a freelancer has to be brought in to take care of live sports broadcasts over weekends, writes Larry Claasen.

SAB invests R438-million in new production line at Port Elizabeth brewery

The country's largest brewer, SAB and AB InBev Africa, has delivered a strong vote of confidence in Port Elizabeth's vibrant manufacturing industry with the launch of a brand new R438-million (USD$30-million) production line at its Ibhayi Brewery based in the coastal town's industrial area of Perseverance.   The multi-million rand investment is over and above the Public Interest Commitments (PIC) made by AB-InBev to the South African government at the time of its business combination with SABMiller at the end of 2016. The PIC involves AB InBev investing R1-billion in South Africa over the next 5 years in the areas of Agriculture, Entrepreneurship and Societal Benefits.

Vodacom Journalist of the Year Awards: winners announced for Western Cape Region.

This year's Vodacom Journalist of the Year Awards introduced new categories more in keeping with the 21st Century media landscape, drawing close to 1 000 entries from all over the country. The theme for the 2018 awards is ‘The Pen is Mightier than the Sword' and the Western Cape regional event took place this evening in Cape Town. Takalani Netshitenzhe, Chief Officer for Corporate Affairs at the Vodacom Group said: "We are pleased with the response to the updated categories that were introduced this year.

Takealot seeking to avoid repeat of Black Friday ‘cardiac arrest'

Even Amazon.com and Flipkart have experienced downtime this year on their big sales days. Photo: Supplied NATIONAL NEWS - South Africa's largest online retailer, the Naspers-controlled Takealot, is working hard to ensure its website stays up on the Black Friday sales day, which happens this year on November 23.

Markets LIVE: Dollar up, Asian stocks sink

Asian markets turned lower on Friday as investors took their foot off the pedal at the end of a broadly positive week. LIVE NEWS FEED Jump to bottom Last Updated at 11:40 11:31 Copy URL: Share Icon Asian markets sink at end of healthy week, dollar up Asian markets turned lower on Friday as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy firms were among the biggest losers as oil prices fell into a bear market after dropping 20% from their recent highs.

Vodacom Journalist of the Year Awards: Regional winners announced

This year's Vodacom Journalist of the Year Awards introduced new categories more in keeping with the 21st Century media landscape, drawing close to 1 000 entries from all over the country. The theme for the 2018 awards is 'The Pen is Mightier than the Sword'. L to R: Theodore Jephta (Die Son); Asanda Nini (Daily Dispatch - also accepted obo Bongani Fuzile, Nonsindiso Qwabe); Travis Goate (Vodacom); Jayed-Leigh Paulse (SABC); Malibongwe Dayimani (accepted obo Sino Majangaza, Bongani Fuzile); Ryland Fisher (VJOY convenor) and Deidre Uren (SABC - accepted obo SABC winners).

Takealot seeking to avoid repeat of Black Friday ‘cardiac arrest'

Even Amazon.com and Flipkart have experienced downtime this year on their big sales days. Photo: Supplied NATIONAL NEWS - South Africa's largest online retailer, the Naspers-controlled Takealot, is working hard to ensure its website stays up on the Black Friday sales day, which happens this year on November 23.

U.S. firm to assemble phones in Uganda

* Firm to harvest and monetise personal economic and social data * Uganda's IT sector has wooed Facebook, Google * Country has more than twenty million phone subscribers * CTI Africa's handsets to run Android operating system By Elias Biryabarema KAMPALA, Nov 9 (Reuters) - U.S. firm CTI Africa plans to invest $10 million in Uganda to build a plant to assemble low-end smart mobile phones and manufacture phone components, its chief executive said on Friday.

All the 2018 Assegai winners

The Assegai Awards celebrated all that is creative, smart and ultimately hits the mark of perfection last night Thursday, 8 November 2018, at The POLO ROOM/Inanda Club in Sandton. Individual and Company Awards winners are: Young Direct Marketer of the Year — Rogerwilco's Clarissa Fleischer; Brand of the Year — Black, the future of entertainment (Joe Public); Agency of the Year — Joe Public; Newcomer Award — Social CREACHAs; Zinthatu Award — Joe Public and Ogilvy; and Nkosi Award — Levergy. Section Category Award Brand & campaign Agency A: Media 3D Gold Garagista - For Sale Ale Duke A: Media 3D Gold MARTELL COGNAC VS SINGLE DISTILLERY - "CURIOUS MINDS INFLUENCER DROP" Publicis Machine A: Media 3D Bronze A seat at the table Demographica A: Media 3D Bronze How OMO used a dirty book to reconnect children with playtime and storytime.

ANALYSE THIS: Sanlam Private Wealth's David Lerche

We analyse David Lerche, senior investment analyst at Sanlam Private Wealth If someone came to you tomorrow with R100m to invest in just one company, which would it be? Single stock ideas are dangerous as you lose the benefits of diversification. I would choose US medical device company Medtronic, which has global diversification, high cash conversion and a long growth runway supported by technology and ageing demographics. Which talent would you most like to have? I wish I could get away with less sleep.

Capitec and Discovery receive top accolades at Sunday Times Top 100 Companies Awards

The Sunday Times Top 100 Companies Awards aims to celebrate the JSE-listed companies that have delivered the highest returns for their shareholders over the past five years.  The 2019 awards were held at the Empire Venue in Parktown on Thursday, 8 November and were presented in association with BCX.  Uri Levine, co-founder of Waze, delivered the keynote address at the black-tie gala dinner, which was attended by prominent business leaders and decision makers.

JSE slumps 1.5% as Naspers plunges and rand loses 20c

The local currency weakened beyond the R14/$ level overnight after a hawkish US Fed statement, while Naspers is under pressure The JSE fell sharply on Friday morning, under pressure from a spate of bad news, resulting in broad-based losses. At 9.30am the all share had given up 1.

Africa Early Stage Investor Summit set to kick off in Cape Town

The fifth annual Africa Early Stage Investor Summit begins in Cape Town on Sunday, November 11, bringing together the continent's early-stage investor community to exchange best practices, learn from peers and recent transactions, and do deals. For the second consecutive year, the summit will be hosted at Workshop17 in the V&A Waterfront, organised by VC4A and the African Business Angels Network ( ABAN ). The event kicks off a busy week in Cape Town, with the summit having partnered with AfricaCom and AfricArena to offer a full-week VIP Investor Pass giving access to all three events, as well as an innovation tour.

PE News: PUPILS BREEZE THROUGH ENGLISH EXAM

PUPILS BREEZE THROUGH ENGLISH EXAM : Her classmate Nosihle Basi said the paper was much easier than she expected. EASTERN CAPE: Pienaar Steven from Loyiso Senior Secondary School in Port Elizabeth said the exam was much easier than the o… Source: "Port Elizabeth" - BingNews . Big things brewing in Bay for SAB : A new R438m production line and accompanying infrastructure for the production of South African Breweries' recently introduced 1-litre Castle Lager and Carling Black Label returnable glass bottles was … Source: "Port Elizabeth" - BingNews .

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

Regent Business School offers sponsored masterclass

Do you work in skills development and training? Click here to register for a free account Friday, November 9, 2018 - 13:30 Regent Business School (RBS) has facilitated a sponsored Leadership and People Management Masterclass to its key stakeholders, students, alumni and partners on the 01 - 02 November 2018 that attracted delegates from Gauteng and Surrounding provinces, Swaziland, Angola and Zimbabwe. Leadership and People Management (LAPM) is seen as a critical construct and skill in today's contemporary business environment. An organisation in which the employees and decision makers are effective and efficient leaders of both themselves and in their spheres of control is an organisation that is competitive, sustainable and highly effective.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved?.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved?.

Tiger Brands falls after revised profit warning

JSE-listed food producer Tiger Brands — owner of Enterprise, Mrs Balls and Oros — revised the upper limit of its decline in headline earnings for the year to end-September, but its share price gave up ground anyway.  The group said headline earnings per share (HEPS) was expected to fall by between 25% and 30% during the period, a revision from the 22% to 37% range it forecast earlier in September. Tiger Brands has cited cost increases due to currency movements, fuel price increases, labour settlements and higher administered costs.

Glencore's radioactive shock for the cobalt market: Andy Home

(The opinions expressed here are those of the author, a columnist for Reuters)* Katanga suspends cobalt sales until late 2019* Market impact limited for now but tightness to emerge* Fragility of cobalt supply chain exposed againBy Andy HomeLONDON, Nov 9 (Reuters) - Glencore's Katanga mine in the Democratic Republic of Congo (DRC) was supposed to transform the cobalt market.After two years of being offline, Katanga's ramp-up was going to add 11,000 tonnes to global supply this year. The surge, equivalent to 10 percent of world production last year, would flip the global market from supply shortfall to surplus.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

Business Administrator Learnership Opportunity At AECI

Crest Chemicals would like to appoint 2 unemployed Learners to train in a Business Administration (NQF 2) qualification. The Learnership period will be of 12 months duration. The training will involve both Business Administration theory and a practical component at Crest in Midrand.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved?.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

AB Inbev Focuses On Local Retailer Business Growth

An intensive AB InBev Retailer Development Programme (RDP) aimed at improving the chances of liquor retailers in experiencing financial success has been completed in South Africa, Ghana, and Tanzania. Two hundred liquor retailers each in Tanzania and Ghana, and 155 in South Africa, based in Gauteng's Thembisa, Sebokeng and Mamelodi, graduated from the business skills training programme. "In South Africa small business failure rate is almost 80% due to a range of issues including the lack of support and resources they have available to them in managing and growing their business," said David Hauxwell, SAB VP Procurement and Sustainability.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved?.

Business is blossoming at Wonderland

Marietjie and Richard Dalbock, co-owners of Wonderland Lifestyle Nursery in Sandbaai, have no fear when it comes to launching new business ventures. Both hailing originally from Klerksdorp, the couple owned a lodge in Mpumalanga before relocating to Hermanus in 2009. They started Wonderland Cafe and Play Park in 2011, with its jumping castles, pirate ships, many climbing frames, train and aviary, and in 2015 bought the existing Superplants nursery, through which one had to walk to get to Wonderland.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

Ntuli's timber business branches into China

Exporting to China can be an uphill battle for many small and medium-size businesses, but for KwaZulu-Natal businessman Xolani Ntuli it is a winnable battle with the right partners by his side. Ntuli (40) owns XKG, a timber and logistics company that recently secured a contract to supply timber to a furniture manufacturing company in China. It was a dream come true for Ntuli who, after working in the timber industry for many years, aspired to be his own boss.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

2018 South African Small Business Award Winners

The National Small Business Chamber (NSBC), in association with World Famous Events, announced South Africa's 2018 small business and entrepreneur champions today, 9 November 2018. South African Small Business Award Top 20 and Category Winners at The Barnyard in JohannesburgWith eight main categories, the awards, now in its tenth year, serve to not only acknowledge the respective businesses, but to also assist them to prosper even more. Mike Anderson, founder and CEO of the NSBC says that the entrants this year proved that there are business opportunities within different sectors: "You just need to have an idea and the passion to make it a reality.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved? The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved?.

How to maximise holiday business sales

The end of the year is peak season for business sales especially in the retail sector. Increased consumer appetite for goods and services at the end of year can be attributed to the holiday and festive season mood which grips households and communities as well as available disposable income through bonuses by the working class. For small and large scale businesses, planning ahead and taking the right steps is key in maximising business sales and profits.

How to maximise holiday business sales

Holiday seasons provide a great opportunity for businesses to maximise on their profits. How can this be achieved?.

South Africa's Tiger Brands says FY earnings to fall as much as 30 percent

FILE PHOTO: A couple leaves Tiger Brands factory shop in Germiston, Johannesburg JOHANNESBURG (Reuters) - South Africa's Tiger Brands expects full year headline earnings per share to fall between 25 and 30 percent compared with the previous year, the food group said on Friday, sending its shares 3 percent lower.In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business in December 2017, of between 22 and 37 percent.Headline earnings per share strips out certain once-off items and is the main profit measure used in South Africa.

COLUMN-Glencore's radioactive shock for the cobalt market: Andy Home

(The opinions expressed here are those of the author, a columnist for Reuters) * Katanga suspends cobalt sales until late 2019 * Market impact limited for now but tightness to emerge * Fragility of cobalt supply chain exposed again By Andy Home LONDON, Nov 9 (Reuters) - Glencore's Katanga mine in the Democratic Republic of Congo (DRC) was supposed to transform the cobalt market. After two years of being offline, Katanga's ramp-up was going to add 11,000 tonnes to global supply this year. The surge, equivalent to 10 percent of world production last year, would flip the global market from supply shortfall to surplus.

AB Inbev Focuses On Local Retailer Business Growth

An intensive AB InBev Retailer Development Programme (RDP) aimed at improving the chances of liquor retailers in experiencing financial success has been completed in South Africa, Ghana, and Tanzania. Two hundred liquor retailers each in Tanzania and Ghana, and 155 in South Africa, based in Gauteng's Thembisa, Sebokeng and Mamelodi, graduated from the business skills training programme. "In South Africa small business failure rate is almost 80% due to a range of issues including the lack of support and resources they have available to them in managing and growing their business," said David Hauxwell, SAB VP Procurement and Sustainability.

Tiger Brands says FY earnings to fall as much as 30%

Recall of cold meat products in response to a deadly listeria outbreak cost it R365 million. South Africa's Tiger Brands expects full year headline earnings per share to fall between 25 and 30% compared with the previous year, the food group said on Friday, sending its shares 3% lower. In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business in December 2017, of between 22 and 37%.

Richemont flags slow progress in watch sales

Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas. The company known for Cartier jewellery and IWC watches attributed a weak performance in Europe in the six months to Sept. 30 to the disposal of its Lancel bag business and a drop in watch sales to third-party retailers to avoid unsold stock ending up on online platforms at big discounts.

Richemont flags slow progress in watch sales

* Sales slowed in September, but October back to H1 level -CFO* Europe weak on wholesale watch sales* Shares down 6 percent (Recasts, adds detail, background, CFO and analyst comment)By Silke KoltrowitzZURICH, Nov 9 (Reuters) - Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.The company known for Cartier jewellery and IWC watches attributed a weak performance in Europe in the six months to Sept. 30 to the disposal of its Lancel bag business and a drop in watch sales to third-party retailers to avoid unsold stock ending up on online platforms at big discounts.

Richemont shares down 5% after interim results announcement

Shares in luxury goods company Richemont [JSE:CFR] slumped more than 5% on Friday after it posted its unaudited results for the six months ended September 30. The group's shares opened at R100.65 on Friday morning, and were trading 5.

South Africa's Tiger Brands says FY earnings to fall as much as 30 percent

JOHANNESBURG, Nov 9 (Reuters) - South Africa's Tiger Brands expects full year headline earnings per share to fall between 25 and 30 percent compared with the previous year, the food group said on Friday, sending its shares 3 percent lower. In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business in December 2017, of between 22 and 37 percent. Headline earnings per share strips out certain once-off items and is the main profit measure used in South Africa.

EMERGING MARKETS-Emerging stocks and currencies fall as Fed stays hawkish

* MSCI currency index on track for worst day in over a month * Turkish lira biggest loser among EM currencies By Agamoni Ghosh and Susan Mathew Nov 9 (Reuters) - Emerging market shares and currencies fell to their lowest in a week on Friday, tracking a global downturn in sentiment after the U.S. Federal Reserve reaffirmed its stand on tightening monetary policy, strengthening the dollar.

Asian markets sink at end of healthy week, dollar up

Asian markets turned lower on Friday as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy firms were among the biggest losers as oil prices fell into a bear market after dropping 20% from their recent highs. The US midterms provided a much-needed filip to equities as traders bet that the expected gridlock on Capitol Hill would keep Donald Trump from pushing through measures that would likely stoke inflation and in turn rate hikes.

Markets LIVE: Rand opens at R14.13/$ as hype of US mid-terms dies down

The rand opened at R14.13/$ on Friday morning as emerging markets gave up some of the gains made this week. LIVE NEWS FEED Jump to bottom Last Updated at 09:31 09:28 Copy URL: Share Icon Hype of US mid-terms dies down "The rand has retreated to above the R14.

Eko Atlantic's Ronald Chagoury Jr talks on challenges, opportunities of doing business in Nigeria

South Africa 4th Floor West Tower, Sandown Mews, 88 Stella Rd. Sandton, Gauteng South Africa 2196 +27113840300 CNBC Africa Nigeria 6th Floor (East & West Wing), South Atlantic Petroleum Towers, 1 Adeola Odeku Street, Victoria Island, Lagos State Nigeria +234 (1) 279 8034/ 5 CNBC Africa Kenya 4th Floor CVS Plaza Business Park Nairobi Kenya +254 728202051 CNBC Africa Rwanda RBA office KG7 Avenue Kacyiru Kigali Rwanda +250-734175008 Admin Office: 1st floor Kigali Convention Centre Kigali Roundabout Kimihurura Kigali Rwanda.

Search for missing Pacaltsdorp Business Chamber chair continues

The 69-year-old man, Julian Klassen, has been missing since Tuesday. | CAPE TOWN - Police in the Southern Cape are searching for the chairperson of the Pacaltsdorp Business Chamber, Julian Klassen. The 69-year-old man has been missing since Tuesday.

Never Lose Control When Selling Your Business

founded niche corporate finance advisor Deal Leaders Africa in early 2017 to maximise the application of the business skills that he has acquired over about a quarter century in the South African and international business worlds. Having engaged with hundreds of entrepreneurs over the years, one thing has always resonated with each and every business owner….and that is the need to have control.

NMB Black Business Caucus wants meeting with city, ANC over Andile Lungisa

A group of small business owners have vowed to fight the ANC provincial executive committee's decision to order councillor Andile Lungisa to step down as a mayoral committee member. | CAPE TOWN - The Nelson Mandela Bay Black Business Caucus is hoping to meet with the city manager and African National Congress (ANC) leadership in the Eastern Cape.A group of small business owners has vowed to fight the party's provincial executive committee's decision to order councillor Andile Lungisa to step down as a mayoral committee member.

Business Analyst - Applications

The successful candidate will be function as the link between business objectives and technology development capabilities. Permanent Cape Town based opportunity RESPONSIBILITIES - Assess and validate development requirements received from stakeholders before submitting for development. - Closely working with business (pre-development) and testing (post-development) to ensure requirements are delivered in an expected format.

What impact will blockchain have on the business world?

Blockchain is best known as the technology behind the Bitcoin cryptocurrency, and uptake to date remains most advanced in the financial services sector. Simon McCollough is major channel account manager, F5 NetworksHowever, a wealth of other use cases are emerging, from traceability through the food supply chain to micropayments for media content. Countries in EMEA are already putting their weight firmly behind it, with regions such as the UAE announcing intentions to base all government transactions on blockchain by 2020.

Entrepreneur Awarded For Entertainment Business

Business plan competition for young, aspiring entrepreneurs announced Johannesburg regional winner. The 2018 SME Toolkit BUSINESS/PARTNERS Business Plan Competition for Aspiring Young Entrepreneurs has announced Lucky Shabalala as the regional winner for Johannesburg after submitting his business plan for his company, Entertainment Neighborhood - a video gaming company. Entertainment Neighborhood provides the use of video gaming facilities at R10 per hour to individuals from low-income households in the townships of Vereeniging.

The Eye-Watering Salaries Earned By Top SA Business Execs

If you need a reason to start posting those socialist memes, this article should do the trick. Deloitte has published its annual Executive Compensation Report, revealing the salaries of top executives in South Africa. The report analyses the remuneration disclosures of execs from 250 JSE listed companies, ranging from top-tier groups to mid-tier and low-tier companies, over a period of seven years, showing how executive pay has shifted.

SMME business back-ups - a critical task made easy thanks to the cloud

Data has become a crucial asset for all types of businesses, ranging from home offices to large enterprises that have multiple locations. Losing this data can be catastrophic to any business. The good news is that effective data protection is something that can be simplified thanks to cloud-based solutions.

The Eye-Watering Salaries Earned By Top SA Business Execs

If you need a reason to start posting those socialist memes, this article should do the trick. Deloitte has published its annual Executive Compensation Report, revealing the salaries of top executives in South Africa. The report analyses the remuneration disclosures of execs from 250 JSE listed companies, ranging from top-tier groups to mid-tier and low-tier companies, over a period of seven years, showing how executive pay has shifted.

Shivambu nicknames Gordhan Joshua Doore, your uncle in the ‘mob' business

EFF deputy president Floyd Shivambu has come up with a new nickname for the EFF's current arch-nemesis, Minister of Public Enterprises Pravin Gordhan. In a tweet accusing Gordhan of lying to both news reporters and in parliament, Shivambu expresses his view that Gordhan should go the same way as Nhlanhla Nene, who resigned after he admitted to having met with the Guptas, something he had previously denied. "What was good for Nhlanhla Nene must be good for Joshua Doore! The mob's uncle!" Shivambu said, birthing a new nickname that, so far, looks like it may stick.

Tiger Brands falls after revised profit warning

The group now believes full-year HEPS is expected to fall as much as 30%, as it continues to grapple with the fallout from the listeriosis crisis JSE-listed food producer Tiger Brands — owner of Enterprise, Mrs Balls and Oros — revised the upper limit of its decline in headline earnings for the year to end-September, but its share price gave up ground anyway. The group said headline earnings per share (HEPS) was expected to fall by between 25% and 30% during the period, a revision from the 22% to 37% range it forecast earlier in September. Tiger Brands has cited cost increases due to currency movements, fuel price increases, labour settlements and higher administered costs.

Life Healthcare disappoints investors despite big jump in earnings

Life Healthcare says UK subsidiary Alliance Medical will boost its financial year thanks to the rand weakening against the pound Life Healthcare's share price fell 8% to R24 on Friday morning after its upbeat trading statement failed to meet the high expectations of investors. The private-hospital owner said it expected to report on November 23 that its headline earnings per share (HEPS) for the year to end-September grew up to 45%, and basic earnings per share up to 77%. It achieved this growth per share despite its number of shares in issue increasing 11% following a rights offer in April.

South Africa's Life Healthcare flags higher profits

JOHANNESBURG (Reuters) - South African private hospital group Life Healthcare said on Friday full-year profits could rise as mush as 45 percent on the back of stronger exchange rates boosting its Alliance Medical unit.Headline earnings per share (HEPS) for the year ended Sept. 30 are expected to be between 104.

JSE slumps 1.5% as Naspers plunges and rand loses 20c

The local currency weakened beyond the R14/$ level overnight after a hawkish US Fed statement, while Naspers is under pressure The JSE fell sharply on Friday morning, under pressure from a spate of bad news, resulting in broad-based losses. At 9.30am the all share had given up 1.

Going online boosts Richemont's sales but not its profit

More than half of the group's sales and 90% of its operating profit came from its jewellery maisons Richemont's interim profit more than doubled thanks to the luxury goods group booking a €1.4bn "equity-accounted investment" profit on turning Yoox Net-a-Porter (YNAP) into a wholly owned subsidiary. Interim revenue for the six months to end-September grew 21% to €6.

Wits School of Mining Engineering appoints Bryan Watson as associate professo

8TH NOVEMBER 2018 BY: TASNEEM BULBULIA CREAMER MEDIA REPORTER SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ Professor Bryan Watson has been appointed associate professor in the School of Mining Engineering at the University of the Witwatersrand (Wits). He has been an adjunct professor at the school since July 2016 and brings extensive experience in mining research and development, mining operations, numerical modelling, instrumentation and laboratory testing. ADVERTISEMENT Among his qualifications is a PhD from Wits, a work which was voted the world's second best doctoral thesis on rock engineering in 2011.

Wescoal may lift exposure to Universal Coal "in the long term" (if bid succeeds)

By David McKay - November 8, 2018 Share on Facebook Tweet on Twitter WESCOAL Holdings raised the medium- to long-term prospect of eventually taking more shares in Universal Coal, the Australian-listed currently the subject of a takeover offer by a consortium in which the South African coal miner is a participant. "Wescoal will not be actively involved in the management of the Universal Coal business in the short term although this potential exists in the medium to long term," it said in a trading and strategic update published on the JSE News Service. On October 26, Wescoal announced that it had joined a consortium led by private equity firm, Ata Resources, in a 35 Australian cents per share takeover of Universal Coal.

Thirty cheers for Joe Public

The Joe Public United advertising group has capped a stellar year, heading the Loeries agency rankings for 2018. It's moved up 15 places from 2017 and has one of its badge accounts, Chicken Licken, taking second place in the competition's brand rankings. The Loeries recognise creative excellence.

MTN nears Nigeria deal over $8.1-billion dispute

MTN Group Ltd. is close to securing a deal with Nigeria's central bank over an order to repay $8.1 billion it is alleged to have illegally taken out of the country, according to a person familiar with the matter.

SAB launches art production to create more jobs

The South African Brewery (SAB) has officially launched R400 million state of the art production line in Port Elizabeth, Eastern Cape. The line, which is operated predominantly by women, is reported to have already created dozens of jobs . The R400 million state-of-the-art production line employs mainly women in order to address gender equity in the this industry.

Australia state to roll out new mine rehabilitation rules

MELBOURNE - Australia's Queensland state is set to unveil proposed resource regulations next week that will require miners to pay into an "insurance fund" for the remediation of old mines. The regulations, if enacted, will impact the likes of BHP Billiton, Rio Tinto and Glencore, which all have operations in the mineral-rich state. The new rules would be the most significant reform of the state's rehabilitation framework in nearly two decades, the Queensland government said.

MTN is said to be nearing Nigeria deal over $8.1 billion claim

Journalist Tope Alake and Alexandria Arnold, Bloomberg | Friday, 09 November 2018, 08:43 NATIONAL NEWS - MTN Group Ltd. is close to securing a deal with Nigeria's central bank over an order to repay $8.1 billion it is alleged to have illegally taken out of the country, according to a person familiar with the matter.

Why South Africans keep shopping at Takealot

Takealot is the most popular online store in South Africa, with customers buying everything from hard drives to protein bars from the company. It is also expected to be a go-to destination come Black Friday 2018, with a recent MyBroadband survey showing that 72% of respondents plan to shop on Takealot during the sale period. Speaking to MyBroadband, Takealot CEO Kim Reid said they will have over 10,000 deals at up to 60% off during their Black Friday 2018 sale, which will undoubtedly draw many South Africans to the store.

MTN is said to be nearing Nigeria deal over $8.1 billion claim

Journalist Tope Alake and Alexandria Arnold, Bloomberg | Friday, 09 November 2018, 08:43 NATIONAL NEWS - MTN Group Ltd. is close to securing a deal with Nigeria's central bank over an order to repay $8.1 billion it is alleged to have illegally taken out of the country, according to a person familiar with the matter.

US to restrict e-cigarette flavours to fight teenage vaping ‘epidemic'

The FDA will ban the sale of fruit and candy-flavoured electronic cigarettes in convenience stores and gas stations. The US Food and Drug Administration next week will issue a ban on the sale of fruit and candy flavoured electronic cigarettes in convenience stores and gas stations, an agency official said, in a move to counter a surge in teenage use of e-cigarettes. The ban means only tobacco, mint and menthol flavours can be sold at these outlets, the agency official said, potentially dealing a major blow to Juul Labs, the San Francisco-based market leader in vape devices.

US to restrict e-cigarette flavors to fight teenage vaping "epidemic"

The US Food and Drug Administration next week will issue a ban on the sale of fruit and candy flavored electronic cigarettes in convenience stores and gas stations, an agency official said, in a move to counter a surge in teenage use of e-cigarettes. The ban means only tobacco, mint and menthol flavors can be sold at these outlets, the agency official said, potentially dealing a major blow to Juul Labs Inc, the San Francisco-based market leader in vape devices. The FDA also will introduce stricter age-verification requirements for online sales of e-cigarettes.

SAB invests R438 million in their new production line at PE

South African Breweries (SAB) and AB InBev Africa on Thursday launched a R438-million production line at its Ibhayi Brewery based in Port Elizabeth. The multi-million rand investment is over and above the Public Interest Commitments (PICs) made by AB-InBev to the South African government at the time of its business combination with SABMiller at the end of 2016. The PICs involves AB InBev investing R1-billion in South Africa over the next five years in the areas of Agriculture, Entrepreneurship and Societal Benefits.

UPDATE 1-U.S. to restrict e-cigarette flavors to fight teenage vaping "epidemic"

(Adds prior comment from Juul in paragraph 15) By Chris Kirkham Nov 8 (Reuters) - The U.S. Food and Drug Administration next week will issue a ban on the sale of fruit and candy flavored electronic cigarettes in convenience stores and gas stations, an agency official said, in a move to counter a surge in teenage use of e-cigarettes.

Tencent's 4% drop augurs badly for the JSE

The rand reacted badly to the US Fed's interest rate statement, while Richemont and Telkom are expected to release results on Friday A 4.2% drop to HK$281.40 of Naspers's main asset, Tencent, on Friday morning augur badly for the JSE.

Beware the allure of dividends

An assessment of dividend portfolios. High-dividend funds are valuable in some instances, but it is wise to consider one's overall investment goals. Photo: Moneyweb BUSINESS NEWS - High-dividend funds are often touted as a one-stop solution for investors.

Beware the allure of dividends

An assessment of dividend portfolios. High-dividend funds are valuable in some instances, but it is wise to consider one's overall investment goals. Photo: Moneyweb BUSINESS NEWS - High-dividend funds are often touted as a one-stop solution for investors.

MTN nearing Nigeria deal over $8.1 billion claim: report

MTN Group Ltd is close to securing a deal with Nigeria's central bank over an order to repay $8.1 billion it is alleged to have illegally taken out of the country, according to a person familiar with the matter. A settlement is expected by Monday and could come as early as Friday, said the person, who asked not to be identified because they're not authorized to comment publicly.

U.S. to restrict e-cigarette flavors to fight teenage vaping "epidemic"

By Chris KirkhamNov 8 (Reuters) - The U.S. Food and Drug Administration next week will issue a ban on the sale of fruit and candy flavored electronic cigarettes in convenience stores and gas stations, an agency official said, in a move to counter a surge in teenage use of e-cigarettes.

U.S. to restrict e-cigarette flavours to fight teenage vaping "epidemic"

(Reuters) - The U.S. Food and Drug Administration next week will issue a ban on the sale of fruit and candy flavoured electronic cigarettes in convenience stores and gas stations, an agency official said, in a move to counter a surge in teenage use of e-cigarettes.

MZANSI WILL NOT BE IN SHORT SUPPLY OF BOOZE

SUNLANDERS no longer have to worry about beer shortages as two breweries have increased production. Anheuser-Busch InBev Africa and South African Breweries on Thursday opened a new R438 million production line at Ibhayi Brewery in Port Elizabeth. Ricardo Tadeu, Anheuser-Busch InBev's zone president, said: "This will help create jobs and encourages foreign investment, which isn't going to happen if domestic investment doesn't take place.

Friday Morning Spice

Government Has Plugged R57 Billion Into SAA - And Counting - With another R5 billion bailout on the cards for failed airline SAA, government is throwing more money into the black hole that has already sucked up over R57 billion of taxpayer's money over the past 20 years. [ bustech ] California Bar Shooting - Ex-Marine Ian David Long Identified As Suspect - A US Marine Corps veteran with suspected mental health issues killed 12 people in a busy bar in California, including a policeman, officials say. [ bbc ] Mueller's New Boss, Said There Was ‘No Collusion' With Russia - A year-and-a-half before he took responsibility for overseeing the investigation into Russia's interference in the 2016 election, Matthew Whitaker, now the acting attorney general, had already reached a conclusion.

Australia's Woolworths to sell petrol business to EG Group for $1.25 bln

(Adds details on deal, Woolworths' CEO comment, EG Group co-chief executive comment, background)Nov 9 (Reuters) - Australia's Woolworths Group Ltd on Friday said it will sell its petrol business to British petrol retailer EG Group for A$1.73 billion ($1.25 billion).

Creating Your Own Successful Bitcoin Business-Part 64

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PRESS DIGEST- New York Times business news - Nov 9

Nov 9 (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. - Six weeks after settling a securities-fraud lawsuit with federal regulators, Tesla Inc and Elon Musk have made good on one of the agreement's key provisions -naming a new board chief to impose order on a company whose automaking has often been overshadowed by Musk's behavior.

‘Passion, not money, behind creating successful business'

Despite struggling for four years and taking major financial strain after he turned down an opportunity to be a director in a construction company, a young Nelson Mandela Bay entrepreneur says the pain was worth it..

Creating Your Own Successful Bitcoin Business-Part 64

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https://bitclub.io/clydethorburn. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network.

Ready your business for future growth with NetSuite

New or fast-growing SMEs are in a unique position to maximise growth potential quickly in a short space of time, but are often limited by a number of infrastructure-related obstacles. A modern business must adopt systems which enable growth instead of limiting opportunities. This has to start with digitalising the business to gain full control over all systems, processes and data.

Clothing business creates jobs for women in rural areas

A burning desire to do more to uplift her community led Lelly Mntungwa to resign as a retail store manager and start her own clothing manufacturing business. The 38-year-old from Msinga in KwaZulu-Natal says she saw a gap in the market when a leading retailer closed down. In an effort to reduce the unemployment rate and poverty in the area, she grabbed the opportunity to empower the Msinga community through job creation and skills capacitation.

Clothing business creates jobs for women in rural areas

A burning desire to do more to uplift her community led Lelly Mntungwa to resign as a retail store manager and start her own clothing manufacturing business. The 38-year-old from Msinga in KwaZulu-Natal says she saw a gap in the market when a leading retailer closed down. In an effort to reduce the unemployment rate and poverty in the area, she grabbed the opportunity to empower the Msinga community through job creation and skills capacitation.

South Africa's Life Healthcare flags higher profits

JOHANNESBURG, Nov 9 (Reuters) - South African private hospital group Life Healthcare said on Friday full-year profits could rise as mush as 45 percent on the back of stronger exchange rates boosting its Alliance Medical unit. Headline earnings per share (HEPS) for the year ended Sept. 30 are expected to be between 104.