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GLOBAL MARKETS-Against trade war, Fed backdrop China sets positive world equity tone

* Shanghai shares hit 8-week high, helped by MSCI news * * Fed rate hike fully expected, another one in Dec seen likely * Brent oil hits 4-year high before easing * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh (Updates throughout, changes byline, dateline,) By Sujata Rao LONDON, Sept 26 (Reuters) - A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil. World stocks hung not far off six-month highs, but sentiment remains in check as U.

How Brexit negotiations are impacting global markets

The pound is recovering after last week's slam following the British prime minister's, Theresa May, contentious "no deal" Brexit negotiations with the European Union. According to reports the United Kingdom could be faced with a snap election. With looming rejection from the EU and opposition Labour Party on key parts of her Brexit proposal, the pressure continues to build against Theresa May.

ContinuitySA honoured at Business Continuity Institute Africa awards ceremony

ContinuitySA honoured at Business Continuity Institute Africa awards ceremony [Johannesburg, 26 September 2018] - At this year's Africa awards ceremony, hosted by the BCI SADC chapter, on 21 September 2018, ContinuitySA CEO Michael Davies was named Continuity and Resilience Industry Personality of the Year, while Movashan Moodley scooped the award for Newcomer of the Year. The Business Continuity Institute (BCI) is the leading global membership and certifying organisation for business continuity and resilience professionals. It hosts an annual awards programme to recognise those individuals, teams and companies that lead the industry on the continent.

100% Local Business and Entrepreneurship Podcasts to Help You Up Your Game

Podcasts have finally caught on in South Africa - not only are more people listening to podcasts, but we also have more that are being produced locally. Just like books , podcasts can be a great resource for entrepreneurs and now with a greater selection of South African podcasts to choose from, it has become a lot easier to get the local perspective on successful startup founders, new and innovative businesses and business tools and resources. Below are some of our favourite South African podcasts to kickstart your new habit.

The future of business connectivity

The rise of SD-WAN is changing the way organisations manage their network infrastructure, as it offers a more agile, cost-effective and resilient approach. Imagine a reality where you had bought and paid for a brand new car, but the dealership still had complete control of the vehicle. In short, every time you wanted to take the car out for a drive, check the engine, or even put your bags in the boot, you would have to call the dealership and get their permission first.

ContinuitySA honoured at Business Continuity Institute Africa awards ceremony

ContinuitySA CEO Michael Davies. At this year's Africa awards ceremony, hosted by the BCI SADC chapter, on 21 September 2018, ContinuitySA CEO Michael Davies was named Continuity and Resilience Industry Personality of the Year, while Movashan Moodley scooped the award for Newcomer of the Year. The Business Continuity Institute (BCI) is the leading global membership and certifying organisation for business continuity and resilience professionals.

(T) Visa regulations ‘confusing': Tourism Business Council

The Tourism Business Council says some of the visa regulations that Home Affairs Minister Malusi Gigaba relaxed are confusing. Gigaba announced the relaxation as part of President Cyril Ramaphosa's economic recovery plan. The amendments include the easing of travel regulations for foreign minors travelling to South Africa and plans to issue long-term multiple entry visas to investors and academics.

The Companies Amendment Bill published for comment: what does it mean for business?

The bill is meant to enhance the country's attractiveness to potential investors. The long awaited South African Companies Amendment Bill was published on Friday 21 September for comment. This is the first time that substantive changes to the South African Companies Act (Companies Act), which became law in 2011, have been proposed.

Southern Africa business leaders award…

Four Southern African finalists have been announced for the Company of the Year category at the 2018 All Africa Business Leaders Awards (AABLA™). The regional finalists for the Award, which is sponsored by the Hollard Insurance Group, were announced at a special semi-finals function at the Hyatt Regency Hotel in Rosebank, Johannesburg.  All four are listed on the Johannesburg Stock Exchange: Sygnia Group, a large asset manager Growthpoint Properties, South Africa's largest listed property investment holding company Super Group, a broad-based supply chain management business Standard Bank Group, South Africa's biggest bank These four finalists join the recently announced East African finalists, I&M Bank of Rwanda, Kenyan furniture manufacturer The Panesar Group, Ethiopian Airlines and Kenyan marketing and communications group WPP-Scangroup.

Provincial Organised Crime Unit investigating housebreaking at business premises

Media Statement from Eastern Cape Media Centre Corporate Communication and Liaison South African Police Service Port Elizabeth: The Provincial Organized Crime Investigation unit are investigating a case of housebreaking after a garage in Malabar was broken into during the early hours of this morning. At approximately 01:00, this morning, 26 September 2018, the manager of the filling station received a message from the security company informing him that the alarm has been activated but they reported all in order. At around 03:45 the manager was contacted once again by the security company requesting him to come out to the filling station.

Time to spring clean your business' IT network

With the carefree promise of spring, many of us are turning our attention towards cleaning out those overfull wardrobes and cluttered rooms. By Colin Thornton, MD of Turrito Networks and Dial a Nerd While this is all well and good, the place that probably requires our most dedicated spring cleaning strategy is the office - and not because it's almost buried in paperwork. Old files, irrelevant backups, out-of-date permissions and apps and excess data bog down many IT networks.

MTN Business partners with Digital Twin Mine Management

South African miners operate some of the world's deepest and most dangerous mines. According to the Department of Minerals Resources, 22 miners died while on duty this year, while 2017 recorded the highest rate of fatalities in a decade, with 88 people killed. Technology continues to be a powerful ally in improving underground safety and with this as an objective, MTN Business has partnered with Digital Twin Mine Management to develop a hybrid Internet of Things (IoT) solution that uses multiple platforms in the IoT ecosystem to improve health and safety, while enhancing the efficiency of mining operations.

PE in the news: Provincial Organised Crime Unit investigating housebreaking at business premises

Provincial Organised Crime Unit investigating housebreaking at business premises : Port Elizabeth : The Provincial Organized Crime Investigation unit are investigating a case of housebreaking after a garage in Malabar was broken into during the early hours of this morning. At approxi… Source: "Port Elizabeth" - BingNews . Vogue does a throwback to Beetlejuice with the Hadid's : Studio Tel ( Port Elizabeth ): 083 913 8 955 (VAS rates apply) Studio Tel (East London): 083 913 8 956 (VAS rates apply) Studio Tel (Garden Route): 083 913 3 866 (VAS rates apply) SMS us: SMS 41851, fir… Source: "Port Elizabeth" - BingNews .

South Africa business cycle in longest slump since 1945

OPINION: Budget alert - It's matric dance season By IoL Business Report On 26 September 2018 · Leave a Comment The business cycle in SA is in its longest downward phase since records started in 1945.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Albany bread changing its packaging over kilojoules/calorie tiff

Watching the waistline means watching the breadline. Premier Foods is unhappy that Tiger Brands is using calories instead of kilojoules (kJ) on the packaging of their Albany Ultima brown bread. Premier Foods complained to the Advertising Standards Authority (ASA) about these claims on Albany Ultima:"Only 67 Calories Per Slice"; and "Kilojoule Controlled Brown Bread".

How old Marlboro smokers are being wooed to try new devices

Major tobacco companies are seeing a steep decline in share price and are seeking alternatives to keep revenue streams flowing. Philip Morris International is taking a rather old-world approach to tackle slowing sales of its high-tech smoking devices in Japan: hitting the streets. The tobacco company is shifting a large majority of its 1 000-employee sales force in Japan to target elderly smokers with direct appeals, discounts and money-back guarantees.

Grow: These are the types of insurance you need, and the ones you can skip

WATCH: Stock picks — Pioneer Foods and Aspen Next Avenue: Your guide to getting better with age By MarketWatch On 26 September 2018 · Leave a Comment The 5 types you should have, the kinds you might want to consider, and the others? Don't bother.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

JSE opens weaker in cautious trade

US Federal Reserve is expected to hike rates later in the day and a dovish forward view is likely to keep the dollar on the back foot The JSE all share opened lower on Wednesday morning as investors stood on the sidelines ahead of the expected hike in interest rates by the US Federal Reserve later in the day. Traders on the JSE were reluctant to take significant positions at the opening, with volumes not exceeding R1bn 45 minutes after the opening. The market has priced in a 100% likelihood of a US hike, but would probably take a more cautious look for the rest of the year and 2019 as the impact of the trade war between the US and China is still uncertain.

WATCH: Stock picks — Pioneer Foods and Aspen

WATCH: How acquisitions improved the health of Ascendis By Business Day On 26 September 2018 · Leave a Comment Chantal Marx from FNB Securities talks to Business Day TV about Poineer Foods and Gerbrand Smit from NeFG Fund Management discusses Aspen   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Southern Africa business leaders award…

Four Southern African finalists have been announced for the Company of the Year category at the 2018 All Africa Business Leaders Awards (AABLA™). The regional finalists for the Award, which is sponsored by the Hollard Insurance Group, were announced at a special semi-finals function at the Hyatt Regency Hotel in Rosebank, Johannesburg.  All four are listed on the Johannesburg Stock Exchange: Sygnia Group, a large asset manager Growthpoint Properties, South Africa's largest listed property investment holding company Super Group, a broad-based supply chain management business Standard Bank Group, South Africa's biggest bank These four finalists join the recently announced East African finalists, I&M Bank of Rwanda, Kenyan furniture manufacturer The Panesar Group, Ethiopian Airlines and Kenyan marketing and communications group WPP-Scangroup.

KPMG loses more SA staff, clients from Gupta fallout

KPMG is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for US cross-border transactions in Africa quit because of limited workflow, said the people, who asked not to be identified because the information isn't public. The drop off in work and departures are a consequence of the fallout from corruption allegations that engulfed former President Jacob Zuma and his friends the Gupta family last year, the people said.

KPMG continues to lose staff and clients in South Africa - report

KPMG LLP is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for US cross-border transactions in Africa quit because of limited workflow, said the people, who asked not to be identified because the information isn't public. The drop off in work and departures are a consequence of the fallout from corruption allegations that engulfed former President Jacob Zuma and his friends the Gupta family last year, the people said.

Nugent inquiry: 'No protection for the whistle-blowers'

Johannesburg - One of the key witnesses in the investigation of fraud and corruption in the SA Revenue Service (Sars) since the appointment of suspended commissioner Tom Moyane has expressed concern over the lack of protection for whistle-blowers. National Treasury head of procurement Solly Tshitangano was testifying for a second time before the Nugent Commission about rampant procurement irregularities since Moyane took over. Tshitangano initially testified about the fraudulent awarding of a R200million tender to Bain Consulting Agency, to do a failed turnaround strategy at Sars.

SAA's drain on public purse to continue

In local headlines: Business Day Bain chief crafted Moyane's agenda  Bain & Co partner Vittorio Massone provided suspended South Africa Revenue Service commissioner Tom Moyane with a new structure for the agency before either men even set foot in Sars.  READ MORE: Nugent: Bain & Company in a dangerous position as evidence piles up SAA's drain on public purse to continue The Treasury may write down about R23-billion of its investment in crisis-hit SAA — almost double the provision it made in 2017 — in another distressing sign of the airline's drain on the public purse Unhappy investors pushed Alexander Forbes CEO out Long-standing shareholder dissatisfaction appears to be behind the axing of Alexander Forbes CEO Andrew Darfoor. The Star Krejcir link in mafia slaying The Serbian businessman killed in a movie-style drive-by shooting in Ekurhuleni is the latest victim to be murdered in a mostly eastern European mafia gang war that has turned Gauteng into a mini underworld battlefield.

WATCH: Rand weakens against the US dollar

JOHANNESBURG - The rand weakened slightly versus the US dollar during European trade yesterday according to NKC Research.  The South African currency traded on the back foot ahead of Wednesday's US monetary policy announcement amid weakened EM sentiment and renewed weakness in the Argentinian peso after the South American country's central bank chief resigned. Ratings agency Fitch also poured cold water on President Cyril Ramaphosa's recently announced ‘stimulus' plan.

Woolworths faces possible further S&P downgrade

S&P Global Ratings said it could downgrade southern hemisphere retailer Woolworths again if its position in the non-food markets in SA and Australia weakens further.  The ratings agency was commenting after announcing it had downgraded its rating on Woolworths from AA, which means it has a strong capacity to meet its financial commitments, to one notch below A+, which means the retailer has a strong capacity to meet its financial commitments but is susceptible to adverse economic conditions and changes in circumstances. On S&P's scale BBB and above is investment grade.

Nigeria sees ‘happy' resolution to $8.1 billion MTN dispute

After coming out all guns blazing, Nigeria's central bank surrendered some ground in its tussle with MTN Group Ltd, pledging that a dispute over the repatriation of $8.1 billion in dividends from the country will soon be resolved. Examiners from the central bank are reviewing documents provided by Johannesburg-based MTN and four banks accused of moving money out of the continent's biggest oil producer without the regulator's final authorization, Governor Godwin Emefiele told reporters on Tuesday in the capital, Abuja.

WATCH: Stock picks — Pioneer Foods and Aspen

Chantal Marx from FNB Securities chose Poineer Foods as her stock pick of the day and Gerbrand Smit from NeFG Fund Management chose Aspen. Marx said that the shares of food producers have been under pressure. "Soft commodity prices should make a comeback in the first quarter of 2019 and both Tiger Brands and Pioneer Foods will benefit from that being really strong in the bread and maize space.

Triumph for Triomf Primary, the first Growsmart Eastern Cape champions!

/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement. The first-ever Growsmart Eastern Cape champion is Triomf Primary. The school claimed the prestigious Growsmart winner's title out of 60 competing schools and after coming through two tough tie-breaker rounds in the finals of this life-changing literacy competition.

Man causes panic in public toilets

A Brackenfell mother and her young daughter had the fright of their lives when they were recently confronted by a man in a public pay-toilet at a local shopping centre. The mother, who wishes to remain anonymous, wants to warn female shoppers and children to be very careful when using public toilets. She was visiting the CapeGate Lifestyle Centre on a recent Sunday when the incident occurred.

Man causes panic at mall

A Brackenfell mother and her young daughter had the fright of their lives when they were recently confronted by a man in a public pay-toilet at a local shopping centre. The mother, who wishes to remain anonymous, wants to warn female shoppers and children to be very careful when using public toilets. She was visiting the CapeGate Lifestyle Centre on a recent Sunday when the incident occurred.

Lourenço's first year: Angola's transitional politics

João Lourenço's first year in office has been marked by notable reforms and the consolidation of power. If ordinary Angolans are to benefit this momentum must continue, along with institutional checks that can curb the excesses of the past. João Lourenço's first year as Angola's head of state has seen quicker change than many expected.

Fired AF boss vows to fight instant dismissal

JOHANNESBURG - Sacked Alexander Forbes boss Andrew Darfoor has indicated that he will fight his instant dismissal. Darfoor yesterday said that his sacking, which shook the financial services profession, was not harmonious. "I can confirm that my relationship with Alexander Forbes has ended.

BOOK REVIEW: Opening up on past experiences makes for compelling reading

Behind Alexander Forbes CEO Andrew Darfoor's shock exit How Bain chief crafted Tom Moyane's agenda before Sars post By Business Day On 26 September 2018 · Leave a Comment This is how it is: True Stories from South Africa is a collection of more than 50 narratives by attendees of the Life Righting Courses   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Albany bread changing its packaging over kilojoules/calorie tiff

Watching the waistline means watching the breadline. Premier Foods is unhappy that Tiger Brands is using calories instead of kilojoules (kJ) on the packaging of their Albany Ultima brown bread. Premier Foods complained to the Advertising Standards Authority (ASA) about these claims on Albany Ultima: "Only 67 Calories Per Slice"; and "Kilojoule Controlled Brown Bread".

Nigeria sees ‘happy' resolution to $8.1bn dispute with MTN

Nigerian authorities are changing their tone after coming under criticism that the impasse with MTN and various lenders threatened to spook investors. After coming out all guns blazing, Nigeria's central bank surrendered some ground in its tussle with MTN Group, pledging that a dispute over the repatriation of $8.1 billion in dividends from the country will soon be resolved.

Woolworths faces possible further S&P downgrade

The drop in profitability caused by the weak performances in Woolworths' non-food businesses in Australia and SA prompted the downgrade S&P Global Ratings said on Tuesday it could downgrade southern hemisphere retailer Woolworths again if its position in the nonfood markets in SA and Australia weakens further. The ratings agency was commenting after announcing it had downgraded its rating on Woolworths from AA, which means it has a strong capacity to meet its financial commitments, to one notch below A+, which means the retailer has a strong capacity to meet its financial commitments but is susceptible to adverse economic conditions and changes in circumstances. On S&P's scale BBB and above is investment grade.

Driving accelerated growth in automotive business

The automotive industry faces constant change. According to the National Association of Automobile Manufacturers of South Africa (NAAMSA), to achieve success, the automotive industry must deliver: internationally competitive products; fuel efficient, environmentally friendly vehicles; improved quality and choice; and high quality after sales service. These elements all require optimised operations and innovative approaches.

GLOBAL MARKETS-Asian shares advance as Chinese stocks extend recovery

* Shanghai shares hit 8-week high, helped by MSCI news * Spreadbetters expect mostly firmer open for European stocks * Fed rate hike fully expected, another one in Dec seen likely * Brent oil hits 4-year high before easing * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh By Hideyuki Sano TOKYO, Sept 26 (Reuters) - Asian shares pulled ahead on Wednesday, as Chinese markets extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China's weighting in the global benchmark will be increased. Spreadbetters expected European stocks to open flat to firmer, with Britain's FTSE starting little changed, Germany's DAX adding 0.

Asian markets rise as energy firms are boosted by oil surge

Hong Kong - Most Asian markets rose on Wednesday with energy firms surging with oil prices, while traders await the conclusion of a key Federal Reserve policy meeting. While worries about the China-US trade row continue to claw at confidence, the strong US economy and healthy corporate outlook are providing some buoyancy for now. The weekend decision by major producers from inside and outside OPEC to maintain output - despite Donald Trump's call for lower prices - has sent both main contracts sharply higher this week.

ContinuitySA honoured at the Business Continuity Institute Africa awards ceremony

ContinuitySA honoured at the Business Continuity Institute Africa awards ceremony Published on 26 September 2018 By ContinuitysA VISIT OUR PRESS OFFICE At this year's Africa awards ceremony hosted by the BCI SADC chapter on 21 September 2018, ContinuitySA CEO Michael Davies was named Continuity and Resilience Industry Personality of Year, while Movashan Moodley scooped the award for Newcomer of the Year. The Business Continuity Institute (BCI) is the leading global membership and certifying organisation for business continuity and resilience professionals. It hosts an annual awards programme to recognise those individuals, teams and companies that lead the industry on the continent.

Mindset of millennials challenges business

Millennials confound business leaders. They challenge the status quo of accepted business norms and disrupt operations in a very real sense. A recent study conducted by Deloitte, which interviewed 10455 millennials across 36 countries, including South Africa, has confirmed many of the presumed attitudes and characteristics of this generation.

Augmented reality gets ready for business

Virtual reality (VR) gets all the attention, because it promises consumers not only a whole new world, but many new worlds. By comparison, augmented reality (AR) is the poor relation. Yet, this is where we are likely to see the real evolution, product ranges and use cases emerging in the five years.

MTN Business partners with Digital Twin Mine to develop IoT mining solution

MTN Business has partnered with Digital Twin Mine Management to develop a hybrid Internet of Things (IoT) solution South African miners operates some of the world's deepest and most dangerous mines. According to the Department of Minerals Resources, 22 miners died while on duty this year, while 2017 recorded the highest rate of fatalities in a decade, with 88 people killed. Technology continues to be a powerful ally in improving underground safety and with this as an objective, MTN Business has partnered with Digital Twin Mine Management to develop a hybrid Internet of Things (IoT) solution that uses multiple platforms in the IoT ecosystem to improve health and safety, while enhancing the efficiency of mining operations.

ContinuitySA honoured at the Business Continuity Institute Africa awards ceremony

At this year's Africa awards ceremony hosted by the BCI SADC chapter on 21 September 2018, ContinuitySA CEO Michael Davies was named Continuity and Resilience Industry Personality of Year, while Movashan Moodley scooped the award for Newcomer of the Year. The Business Continuity Institute (BCI) is the leading global membership and certifying organisation for business continuity and resilience professionals. It hosts an annual awards programme to recognise those individuals, teams and companies that lead the industry on the continent.

Creating Your Own Successful Bitcoin Business-Part 32

[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.

Creating Your Own Successful Bitcoin Business-Part 32

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.

Business built on ethics, values

African Lighting and Electrical Wholesalers are marking the milestone of 20 years of existence, since 1998. It prides itself on being an Unashamedly Ethical, level-one Black Economic Empowerment (BB-BEE) company (100% black owned). The company has grown to employ nine staff members, who service clients through satellite branches in the Eastern Cape, the Free State, Gauteng, the Western Cape and the Northern Cape.

Physical health of others a good fruit salad business

In their early 30s, Lona Mnguni and Lisa Mthethwa own Frutee Belliez, which supplies fresh fruit salad, smoothies and vegetables directly to customers, hotels and the catering industry in Durban, KwaZulu-Natal (KZN).  "We started off by selling fresh fruit salad, made of five different fruits, in 250ml cups in schools around uMlazi. The mission was to reduce learners' unhealthy consumption of vetkoek," said Mthethwa.

PRESS DIGEST- New York Times business news - Sept 26

Sept 26 (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. - Technology problems forced Delta Air Lines Inc to temporarily put all its departing domestic flights on hold on Tuesday night, causing widespread disruptions for travelers across the nation.

Business built on ethics, values

African Lighting and Electrical Wholesalers are marking the milestone of 20 years of existence, since 1998. It prides itself on being an Unashamedly Ethical, level-one Black Economic Empowerment (BB-BEE) company (100% black owned). The company has grown to employ nine staff members, who service clients through satellite branches in the Eastern Cape, the Free State, Gauteng, the Western Cape and the Northern Cape.

NZ business confidence bounces from decade low in Sept, still in the red

* NZ business confidence -38.3 pct in Sept* Bounces 12 points from decade low in Aug* Improvement reduces risk of slowing economic growth - economist (Recasts, adds detail, economist comment)By Charlotte GreenfieldWELLINGTON, Sept 26 (Reuters) - New Zealand business sentiment lifted in September from a decade low even as firms remained pessimistic overall, a private survey showed on Wednesday, a result likely to soothe concerns that the sector's mood could drag on economic growth.An ANZ Bank survey showed a net 38.

Glencore extends buy-back programme $1bn despite September share revival

By David McKay - September 25, 2018 Share on Facebook Tweet on Twitter Ivan Glasenberg, CEO, Glencore GLENCORE has extended its share buy-back programme by another $1bn despite a 15% revival in its share price since the middle of September. The UK-listed group said in an announcement today that the extension of the programme would be concluded on February 20, the day before it announced its full year results for the 2018 financial year. As of 24 September 2018, some 230,240,288 shares valued at $939.

Implats' Muller lacks corporate swerve - and that's a good thing

By David McKay - September 25, 2018 Share on Facebook Tweet on Twitter Implats CEO Nico Muller NICO Muller lacks the corporate swerve - or is it the media training that is afforded to the executive class at Anglo American or BHP Billiton ? - and that's a good thing. Asked what it would take to lure the platinum bulls from the wings where they are currently hiding, in order to revive the metal's price, he responded during a recent media conference: "I don't know; can't answer that one". (Who can, actually?).

The Steinhoff story that Markus Jooste left untold

The international Steinhoff group and its related entities lost about R300bn in market value over the past nine months. And this cannot be recovered. The value of the related entities - such as Shoprite, which had close ties with the Steinhoff group - will recover.

Meet the man Alexander Forbes just booted out over trust issues

CAPE TOWN - Alexander Forbes Group Holdings said on Tuesday it terminated the employment of its Group Chief Executive Andrew Darfoor with immediate effect, citing "a loss of confidence and trust". "The board is prioritising the search for a new group chief executive and is confident that an appointment will be made imminently," according to a statement. Darfood told Business Report (BR) that he could confirm that his relationship with Alexander Forbes has ended.

WATCH: Stock picks — Pioneer Foods and Aspen

Chantal Marx from FNB Securities chose Poineer Foods as her stock pick of the day and Gerbrand Smit from NeFG Fund Management chose Aspen. Marx said that the shares of food producers have been under pressure. "Soft commodity prices should make a comeback in the first quarter of 2019 and both Tiger Brands and Pioneer Foods will benefit from that being really strong in the bread and maize space.

Why was Alexander Forbes CEO fired?

"Alexander Forbes has had a tough time recently, in part of their own making." Yesterday Alexander Forbes fired its CEO, Andrew Darfoor, with immediate effect because the board had lost faith in him. Founder of Just One Lap, Simon Brown, talks to Classic Business Breakfast with Moneywe about other possible reasons for this.

The Steinhoff story that Markus Jooste left untold

The international Steinhoff group and its related entities lost about R300bn in market value over the past nine months.  And this cannot be recovered. The value of the related entities - such as Shoprite, which had close ties with the Steinhoff group - will recover.

Lenders give Steinhoff's Jooste more time to pay his debts

to repay the R959 million he owes. Banks granted Steinhoff International's former chief executive officer, Markus Jooste, another extension to pay back his debt as the global retailer that he headed struggles to survive an accounting scandal that happened under his watch. Jooste's personal investment company, Mayfair Holdings, struck a deal with banks in March this year to sell assets of more than $2 billion to repay debt owed to the lenders by December.

Alexander Forbes CEO fired

Richard Darfoor. Photo: Moneyweb BUSINESS NEWS - The board of Alexander Forbes has fired its CEO, Andrew Darfoor, with immediate effect. This caused a quick fall in the share price, before it recovered to above its opening price of R4.

Alexander Forbes CEO fired

Richard Darfoor. Photo: Moneyweb BUSINESS NEWS - The board of Alexander Forbes has fired its CEO, Andrew Darfoor, with immediate effect. This caused a quick fall in the share price, before it recovered to above its opening price of R4.

Behind Alexander Forbes CEO Andrew Darfoor's shock exit

Reprieve for Stanbic as Nigeria removes potential multibillion-dollar liability BOOK REVIEW: Opening up on past experiences makes for compelling reading By Business Day On 26 September 2018 · Leave a Comment Patrice Motsepe's ARC is among the biggest shareholders worried about the direction in which Darfoor was taking SA's biggest pension fund administrator   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Fired Alexander Forbes boss vows to fight instant dismissal

S&P 500 dips as chip stocks and utilities tumble Fin24.com | Gaza's economy is collapsing, World Bank says By IoL Business Report On 26 September 2018 · Leave a Comment ‘I can confirm that my relationship with Alexander Forbes has ended. I am not happy about the outcome and will deal with it in due course.

Rugby brotherhood reigns in SA National Golden Oldies Festival

The Fidelity Security South African National Golden Oldies Rugby Festival held at Douglas Mitchell Sports Grounds at the weekend epitomised the brotherhood shared by current and former players. Thirty-two teams and over 600 stalwarts from across the country enjoyed rugby's renowned camaraderie over two days of friendly fixtures. Eras come and go, while the sport evolves with every passing season, but the thrill of the game - the character and fellowship it forges - remain the same through generations.

Standard scoops top stockbroker accolade for third year in row

Standard Bank Online Share Trading scooped the accolade as the top stockbroker in the country for the third year running at an awards ceremony at the JSE on Tuesday night. The ranking, launched in 2010, comes at a time of intense competition for brokers, who are facing unprecedented competition for the savings of South Africans, as lenders have been pushing more debt on to consumers than ever before. At the same time, brokers are competing more fiercely with each other, as new technology has driven down costs.

GLOBAL MARKETS-Asian shares gain as Shanghai stocks extend recovery

* Chinese shares outperform, helped by MSCI news * Shanghai shares hit 8-week high, up 1.3 pct * Fed rate hike fully expected, another one in Dec seen likely * Brent oil hits 4-year high before easing By Hideyuki Sano TOKYO, Sept 26 (Reuters) - Asian shares inched up on Wednesday, as Chinese stocks extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China's weighting in the global benchmark will be increased. Other markets were more subdued as U.

Asia Markets: Hong Kong stocks lead Asian markets higher

Just showing up is no longer enough for global brands to win in China By MarketWatch On 26 September 2018 · Leave a Comment Hong Kong stocks opened solidly higher Wednesday, leading a mostly up day across Asian markets. Japan's Nikkei stock index was the region's laggard.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

PE Business in the news: Pressure on Springboks to back up All Blacks victory: Hodge

: Promote your business on BuyPE and MyPR. Pressure on Springboks to back up All Blacks victory: Hodge: Port Elizabeth: Wallabies midfielder Reece Hodge says there is … Loading A week off could not have come at a better time for the South Africans, who have unfinished business after a far from polishe… Source: "Port Elizabeth" […] - MyPE News Rebalance with Bianca : Rebalance with Bianca: What is hypnosis? Hypnosis is a state of consciousness that allows access to the sub conscious mind, which is highly responsive to suggestion or direction. Itâ??s a state of inner concentration and focused attention.

PE Business in the news: Pressure on Springboks to back up All Blacks victory: Hodge

Promote your business on BuyPE and MyPR . Pressure on Springboks to back up All Blacks victory: Hodge : Port Elizabeth : Wallabies midfielder Reece Hodge says there is … Loading A week off could not have come at a better time for the South Africans, who have unfinished business after a far from polishe… Source: "Port Elizabeth" business - BingNews . Hodge hoping pressure proves too much for South Africa : Port Elizabeth hosts the first of those games against the Wallabies … It's up to us to just go about our business and just focus on ourselves.

Open for business

Offering the best of both worlds - a coffee shop by day and gin bar in the afternoon - The Office officially opened its doors with an intimate launch on 31 August. Guests sipped cocktails and snacked on delicious food while celebrating the opening of the new kid on the block at The Quarter in Ballito..

Glencore to double buyback scheme

The announcement comes as Glencore nears completing its first buyback London/Johannesburg - Glencore will double the size of its buyback plan by purchasing another $1bn of stock just 11 weeks after starting the programme, adding to a growing number of moves by the world's biggest miners to return more money to investors. The announcement comes less than a week after number two miner Rio Tinto unveiled a $3.2bn share buyback after an asset sale spree.

Behind Alexander Forbes CEO Andrew Darfoor's shock exit

Alexander Forbes's share price climbs as much as 8%, the most in three months, after the announcement Long-standing shareholder dissatisfaction appears to be behind the axing of Alexander Forbes CEO Andrew Darfoor. Some of Alexander Forbes's biggest shareholders, including Patrice Motsepe's African Rainbow Capital (ARC), did not like the direction in which Darfoor was taking SA's biggest pension fund administrator, which manages assets of about R357bn. "Being a listed entity ourselves, we are a responsible shareholder and for some time we as ARC Investments have communicated to the board of Alexander Forbes some dissatisfaction with the financial performance and strategic direction of the company," Johan van Zyl, joint-CEO of ARC, told Business Day.

GLOBAL MARKETS-Asian shares hover below 3-week high as Fed rate hike looms

* Asian shares lack traction ahead of Fed's policy meeting * Rate hike fully expected, with another one in Dec seen likely * Brent oil hits 4-year high before easing By Hideyuki Sano TOKYO, Sept 26 (Reuters) - Asian shares barely budged on Wednesday, lacking traction as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs.

Nike shows that its business isn't just Colin Kaepernick

Nike, riding a hot streak even before Kaepernick ad, reports smoking sales By CNN Money On 26 September 2018 · Leave a Comment Nike's sneaker and clothing sales grew 10% and its profit rose 15% last quarter.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

CEOs have unique power to lead anti-slavery fight, business leader says

NEW YORK, Sept 25 (Thomson Reuters Foundation) - Top leaders of business are uniquely positioned to combat modern slavery by embedding efforts to eradicate forced labor in their business strategy and culture from top to bottom, the head of consumer goods giant Unilever NV said on Tuesday. Chief executives can set policies and enforce consequences in their own companies and those of their suppliers and partners, said Paul Polman, Unilever chief executive, on the sidelines of world leaders meeting at the United Nations. More than 40 million people are estimated to be trapped as slaves in forced labor and forced marriages, most of them women and girls, according to the International Labour Organization (ILO) and other anti-slavery groups.

Darfoor dismissal raises questions about ‘Ambition 2022' plan at Alex Forbes

Does the vision change? Do the financial targets change? The shock dismissal of Andrew Darfoor from Alexander Forbes has raised questions about the group's turnaround strategy, dubbed Ambition 2022, which was set in place and championed by the former chief executive. The country's largest pensions administrator issued a statement early Monday announcing that its board had terminated Darfoor's services with immediate effect due to "a loss of confidence and trust". The sternly worded statement coupled with the group's decision not to provide further commentary appears to have left analysts perplexed, with some approached by Moneyweb preferring not to comment based on conjecture.

Investor sentiment towards Pepkor changes

Is the fall in Pepkor's share price the beginning of another nasty smoke-and-mirrors surprise? The promenade in Sea Point is home to an unusual sculpture consisting of a row of apparently random pieces of metal, none of which seem to have any artistic merit. Only if you stand at a specific point do the pieces line up to reveal a stunning sculpture of a rhino. The artist has basically hidden a huge steel rhino in public.

Egypt to tour Asian, European markets to prepare for global bond issue -finance minister

CAIRO, Sept 25 (Reuters) - Egyptian officials plan to launch Asian and European tours starting in the week after next to market international bonds, which will be offered when the time is right, Finance Minister Mohamed Maait said on Tuesday. Speaking at a business events in Cairo, Maait also said that an official IMF delegation was due in Cairo in the second half of October and that the result of its compliance review with its 2016 reforms programme will be announced in December. He said the government was working on economic restructuring plans that aim to reduce public debt to 70 percent within four years.

Versace sale turns up heat on fashion's independent outliers

PARIS, Sept 25 (Reuters) - Michael Kors' swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out.The Italian red carpet favourite is the latest label to be picked off by a conglomerate after years of expansion by European groups like Louis Vuitton owner LVMH, which now has a stable of 70 brands from champagne to watchmakers.But growing cash piles at LVMH and its Paris rival Kering , the emergence of aspiring conglomerates like U.

With a $10 million funding round, Nigeria's Paga plans global expansion

Tayo Oviosu, CEO, Paga Nigerian digital payments startup Paga is gearing up for an international expansion with $10 million in funding let by the Global Innovation Fund. The company is planning to release its payments product in Ethiopia , Mexico, and the Philippines—CEO Tayo Oviosu told TechCrunch at Disrupt San Francisco. Paga looks to go head to head with regional and global payment players, such as PayPal, Alipay, and Safaricom's M-Pesa, according to Oviosu.

South Africa's Naspers plans to spin off Multichoice pay-TV unit to focus on Internet

Naspers Plans New Listing of Pay-TV Unit to Focus on Internet Naspers Ltd . is planning to list its pay-TV unit in Johannesburg, spinning off a business it developed over three decades as Africa's most valuable company focuses on its fast-growing internet investments. The split will take place in the first half of next year, Chief Executive Officer Bob Van Dijk said on a call with reporters after the announcement on Monday.

Beyond the wall: China's military drones compete for civilian markets

China's military has undergone profound changes in the past decade, with upgrades to both equipment and weaponry. The civil-military integration strategy has driven this transformation, and opens a new market for commercial success. One particular case is global arms sales, particularly drones.

KPMG is said to lose more South African staff from Gupta fallout

Auditor continues to lose client and staff in scandal aftermath. KPMG is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for US cross-border transactions in Africa quit because of limited workflow, said the people, who asked not to be identified because the information isn't public.

Top 5 on Fin24: Alexander Forbes fires CEO over a 'loss of trust' and consumers take on more debt

Cape Town - A roundup of Tuesday's top economic and finance reads on Fin24. Bad news for motorists as Brent oil boils over $80 Brent oil soared on Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US President Donald Trump to dampen prices. Consumers take on more debt amid declining household spend Household consumption slipped in the second quarter of 2018 as people adjusted their spending habits following the VAT hike and fuel price increases, according to the South African Reserve Bank's quarterly bulletin released on Tuesday.

Apple partners with Salesforce to bring Siri to more business apps

MARKET WRAP: JSE drops as oil price climbs, with banks slumping 2.5% Instagram founders leave the company, but are Facebook's privacy struggles to blame? By IoL Business Report On 25 September 2018 · Leave a Comment Apple Inc and Salesforce.com Inc are entering a partnership to bring Siri to more business apps.

Boer ‘warns' Malema, Ramaphosa if he's dying they might be coming with him

A video posted on one Afrikaner farmer's Facebook page has been widely reshared and commented on since it was first uploaded on Thursday. Most of the allowed comments under the video have shown appreciation for his sentiments. In the video, Reon van Tonder says he's responding to reports that government is planning to expropriate white-owned land without compensation.

Choppies gets chopped as JSE sees red

Gloves are off as the trade war between China and America gains more vigour. The new set of tariffs on American goods took effect on Monday as Beijing retaliated to Americas second tranche of tariffs. The adversaries are hell-bent in creating an "iron curtain" between the two economic giants a state of affairs that cannot be sustainable in the 21 st century.

Lenders allow Jooste more time to pay up

Banks have granted Steinhoff International's former chief executive officer, Markus Jooste, another extension to pay back his debt, as the global retailer which he headed struggles to survive an accounting scandal that happened under his watch. Jooste's personal investment company, Mayfair Holdings, struck a deal with banks in March this year to sell assets of more than $2-billion to repay debt owed to the lenders by December. Lenders and other creditors have now agreed that Jooste, 57, has until March 31 2019, to repay his debts without interest, Stefan Potgieter, Mayfair's sole director, told some stakeholders in an email seen by Bloomberg.

Gartner wasn't the first choice, Nugent Commission told

The Nugent Commission's attention on Tuesday shifted from Bain & Company to the R200m IT contracts SARS signed with advisory firm Gartner. While Bain was tasked with overhauling the SARS operating model, Gartner was appointed to provide a multi-phased IT strategy for the tax agency. According to deputy director general and acting chief procurement officer at National Treasury Solly Tshitangano, seven transactions were entered into between SARS and Gartner.

Business ART X Lagos 2018 is bringing the best of contemporary African art to Lagos this November

Art is an important aspect of Nigerian culture, with it being a vital way through which Nigerians share and communicate history and ideas. For Nigerian contemporary artists, the challenge has always been to find a platform to communicate these ideas and express their creativity through their arts, the challenge has always been finding someone willing to curate a platform for Nigerian artists. ART X Lagos has seemingly solved that challenge.

Trump Today: Trump Today: President praises North Korea, rips Iran in speech to U.N.

Fin24.com | Lenders give Steinhoff's Jooste more time to pay up In One Chart: Why stock investors should be wary of consumer confidence at an 18-year high By MarketWatch On 25 September 2018 · Leave a Comment President Donald Trump on Tuesday blasted the Iranian regime in a speech at the United Nations, while he praised North Korea's leader and also took another swipe at the Organization of the Petroleum Exporting Countries.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

The Ratings Game: Facebook stock faces ‘meaningful pressure' after Instagram co-founders jump ship

Iranian oil tankers go dark six weeks ahead of US sanctions Fin24.com | Lenders give Steinhoff's Jooste more time to pay up By MarketWatch On 25 September 2018 · Leave a Comment Facebook shares slump after JPMorgan analyst Doug Anmuth says the departures of Instagram's co-founders were not only "surprising," but also "concerning" for investors.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

KPMG losing staff and clients amid Gupta fallout, sources say

Dimension Data Holdings has reportedly passed an R80m auditing contract to rival EY KPMG is continuing to lose staff and clients in SA more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for US cross-border transactions in Africa quit because of limited workflow, said the people, who asked not to be identified because the information isn't public. The fall off in work and the departures are a consequence of the fallout from corruption allegations that engulfed former president Jacob Zuma and the Gupta family last year, the people said.

KPMG still losing staff and clients due to Gupta fallout, say insiders

KPMG is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for US cross-border transactions in Africa quit because of limited workflow, said the people, who asked not to be identified because the information isn't public. The fall off in work and departures are a consequence of the fallout from corruption allegations that engulfed former president Jacob Zuma and his friends the Gupta family last year, the people said.

Lenders give Steinhoff's Jooste more time to pay up

Banks granted Steinhoff International's former chief executive officer, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an accounting scandal that happened under his watch. Jooste's personal investment company, Mayfair Holdings, struck a deal with banks in March this year to sell assets of more than $2bn to repay debt owed to the lenders by December. Lenders and other creditors have now agreed that Jooste, 57, has until March 31, 2019, to repay his debts without interest, Stefan Potgieter, Mayfair's sole director, told some stakeholders in an email seen by Bloomberg.

Trevor Reid joins Appian Capital senior advisory board

Mining-focussed investment adviser Appian Capital Advisory has appointed Trevor Reid to its senior advisory board. Prior to this appointment, Reid was CFO at mining company Xstrata and served as the CFO and FD from 2002. Prior to joining Xstrata, he was Standard Bank resource banking global head, and was responsible for all natural resources trading, lending and advisory activities of the group.

#News24 ICYMI: SA will solve its own problems - Ramaphosa; Alexander Forbes fires CEO; and Sam Smith's message to SA fans

Travel rules relaxed for foreign parents travelling with children, SABC has been appointed as the official broadcaster of SA's T20 League, and Ramaphosa hints when general elections will take place. If US President Donald Trump had been in the audience, President Cyril Ramaphosa would have told him not to worry about South Africa because the country would solve its own problems in typical fashion. Alexander Forbes announced on Tuesday morning that it had terminated the services of CEO Andrew Darfoor.

Fin24.com | Lenders Give Steinhoff Ex-CEO More Time to Pay His Debts

Banks granted Steinhoff International's former chief executive officer, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an accounting scandal that happened under his watch..

The Fed has a lot to talk about besides higher interest rates

British American Tobacco names Jack Bowles as new chief How Weight Watchers' skinnier name could fatten its customer base By CNN Money On 25 September 2018 · Leave a Comment Federal Reserve Chairman Jerome Powell is likely to face questions Wednesday about political influence, trade wars and future rate hikes.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

UPDATE 1-South Africa rand on the ropes as stimulus package disappoints; stocks fall

* Rand on the ropes as traders await end-week data deluge * Trade tension weigh on stocks (Adds latest prices) JOHANNESBURG, Sept 25 (Reuters) - South Africa's rand remained on the rack on Tuesday with investors unconvinced by the economic stimulus plan President Cyril Ramaphosa announced last week. Stocks were lower as renewed trade war concerns put emerging markets on the back foot. At 1505 GMT the rand was 0.

MTN disconnects free Twitter tonight

Michael Kors to Buy Versace for $2.1 Billion Brent highest since 2014 as traders bullish, OPEC ignores Trump By IoL Business Report On 25 September 2018 · Leave a Comment MTN announced new data rates for its Twitter and Whatsapp bundles. Twitter will no longer be free.

Apple aquires Shazam for $400 million

Stimulus plan unlikely to boost growth significantly - Fitch Facebook Reels Over Instagram's Leadership Loss: DealBook's One Thing to Watch Today By IoL Business Report On 25 September 2018 · Leave a Comment In December 2017, the company confirmed it was buying Shazam and its development team for a reported $400 million.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

New African crypto-currency launches in December

Metals Stocks: Gold trades slightly higher as dollar finds little traction ahead of Fed rate decision NewsWatch: Even the bulls won't like what happens if oil hits $100: analyst By IoL Business Report On 25 September 2018 · Leave a Comment An African crypto currency called Afri Union Coin, developed by Africa Master Blockchain Company, is all set for launch in December 2018.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Nugent commission accuses Bain of not cooperating

The Wall Street Journal: Boeing wins $2.4B Air Force helicopter deal weeks after getting Navy drone contract Americans! Your voting habits are terrible, so register to vote By IoL Business Report On 25 September 2018 · Leave a Comment Judge Nugent criticised Bain & Company global consultancy firm for failing to comply readily with the commission of inquiry into Sars.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Eaton develops new 10,000-operation switchgear to safeguard Shoprite's stock quality

/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement. Shoprite Holdings commissioned WSP Africa, one of the world's leading engineering professional services firms, to design a medium voltage (MV) power distribution system for their new Cilmor Distribution Centre. The system had to provide reliable, continuous power to three large warehouses despite regular utility load shedding issues which were causing an average of two power outages per day.

Emerging markets outlook

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Apple and Salesforce announce strategic partnership to develop iOS-optimized business apps

Apple announced via a press release on 24 September that it has entered into a strategic partnership with Salesforce to develop a range of powerful new business apps According to Apple's statement, the partnership has three initial areas of focus: native Salesforce apps for business, empowering Salesforce developers on iOS, and accelerating developer learning and career growth. The move "brings together the number one customer relationship management platform and iOS, the world's most advanced mobile operating system" to enable Salesforce developers to create powerful native apps while Apple benefits from iOS-specific business applications. An iOS app development program has been also made available on Salesforce's free training platform, Trailhead.

ICYMI: Call to place ailing SAA under business rescue12m ago | NEWS

Durban - Plans to sell off certain assets will not save SA Airways - the airline needs to be put into business rescue, the DA said. The party was not surprised by media reports at the weekend that SAA was contemplating selling off assets as a result of the mounting debt the airline faced, DA spokesperson Alf Lees said. The reports further indicated that SAA would lose R6billion in the 2018/19 financial year, meaning that SAA would lose R822m more than the loss of more than R5bn projected in the SAA corporate plan, he said.

Visa regulation amendments to ease entry for business travellers, tourists

The Department of Home Affairs (DHA) is pursuing new regulations to make it easier for business travellers, tourists and academics to enter South Africa, but South African minors leaving the country will still need consent from both parents when leaving the country. The announcement of the new regulations by Home Affairs Minister Malusi Gigaba, on Tuesday, is in line with the new economic stimulus and recovery plan announced by President Cyril Ramaphosa on Friday. As part of measures to ease entry for travellers into South Africa, the DHA is reviewing the visa requirements for African countries that are currently not exempt, as called for by the 2017 White Paper on International Migration and in line with the African free movement agenda.

British American Tobacco names Jack Bowles as new chief

The digital revolution has democratised entry into the marketplace By IoL Business Report On 25 September 2018 · Leave a Comment Jack Bowles will succeed Nicandro Durante as a chief executive, giving him the task of adapting to new tobacco formats as smoking declines.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

China urges ‘stability' in Maldives after opposition wins presidential election

China on Tuesday called for "continuity and stability" in the Maldives after Ibrahim Mohamed Solih, the leader of an opposition that has vowed to review Chinese projects, defeated incumbent president Abdulla Yameen in a weekend election. China and India are going head-to-head for influence in the Indian Ocean nation, a string of palm-fringed islands and atolls 325 miles (523 km) southwest of India's southern tip. In Beijing, Foreign Ministry spokesman Geng Shuang congratulated Solih, saying China respected the Maldivian people's choice and wanted to consolidate their traditional friendship.

Science, technology and innovation cooperation displays the high-quality development of China-SA relations

The Fourth Industrial Revolution presents new opportunities for cooperation between China and SA in science, technology and innovation Cooperation in science, technology and innovation is an integral part of China-South Africa comprehensive strategic partnership. In 1999, only one year following the establishment of diplomatic relations between the two countries, China and South Africa inked an agreement on intergovernmental cooperation in science and technology, and established a mechanism of joint commission on science and technology cooperation. Over the past years, China and South Africa have been working to break new ground on the approach of cooperation, consolidate the foundation of cooperation following the principle of the complementary advantages and win-win cooperation.

Michael Kors bags Versace for $2.1 billion

Global fashion house Michael Kors said Tuesday it had agreed to buy Italian luxury giant Versace, adding a new layer to its offering after buying shoemaker Jimmy Choo last year. Michael Kors, with roots in the United States but headquartered in London, has struck a deal to buy Versace for 1.83 billion euros ($2.

Bank decision shows Nigeria attack on MTN fizzling

After coming out all guns blazing, Nigeria's central bank has surrendered more ground in its tussle with MTN Group by giving a reprieve to one of the banks accused of illegally moving US$8.1-billion out of the country. Standard Bank Group said on Tuesday that the Central Bank of Nigeria won't take at least $2.

The once-troubled Horn of Africa is now a positive note on the UN's busy agenda

A stargazing project is stirring up old racial tensions in South Africa's Karoo Jack Bowles named as new British American Tobacco CEO World leaders gather in New York this week to tackle a plethora of global problems, from climate change and migration to humanitarian disasters and war. Amid all these challenges, there is at least one positive note: The Horn of Africa's swift and crucial diplomatic turnaround. After decades of hostility and rivalry, a recent thaw in relations between nations in the region have shocked observers and brought hope for long-term peace.

Michael Kors bags Versace for $2.1 bn

LONDON - Global fashion house Michael Kors said Tuesday it had agreed to buy Italian luxury giant Versace, adding a new layer to its offering after buying shoemaker Jimmy Choo last year. Michael Kors, with roots in the United States but headquartered in London, has struck a deal to buy Versace for 1.83 billion euros ($2.

Europe Markets: Europe stocks back in the green, boosted by major oil companies

Business disposals spark jump in Altron's HEPS A deal could be in the offing for Standard Bank's Nigerian unit and Nigeria's central bank By MarketWatch On 25 September 2018 · Leave a Comment European stocks traded higher on Tuesday as the market looked ahead to a Fed meeting and surging oil prices drove gains for the region.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

To Grow Your Business Abroad, Partner with Local Influencers

By On 25 September 2018 · Leave a Comment William Andrew/ When companies expand into foreign markets, they need to gain the trust of local business partners and prospective customers in order to succeed. The most common ways of doing this are to send executives to build personal relationships with international business partners and to hire local distribution partners — or independent, third-party intermediaries — to represent their products or services overseas. Both of these approaches, however, are time-intensive, requiring executives to spend weeks or months in foreign markets.

MEDIA-Engie tried selling Belgian nuclear business to EDF-Canard Enchaine

** CEO Isabelle Kocher of French gas and power group Engie , in a private meeting at end-June with CEO Jean-Bernard Levy of state-controlled utility EDF, offered to sell Engie's Belgian nuclear business to EDF, the Canard Enchaine weekly reported on Tuesday. ** The magazine also reported that Kocher had offered to sell to EDF Engie's 49 percent stake in river hydropower firm Compagnie Nationale du Rhone (CNR). The rest of CNR is in public hands.

Thembi Seete and Mbali Nkosi's Beauty Business Reaches Greater Heights

. Some businesses take years to grow, but Azuri Beauty Bar is all about fast pace. The beauty bar was founded by good friends Mbali Nkosi, Thembi Seete and Sharon Kuzwayo. Business is booming and the sisters are launching their own cosmetics.

Jendamark MD to vie for prestigious African business leadership award

Quinton Uren flies Nelson Mandela Bay flag high QUINTON Uren, managing director of Port Elizabeth-based global technology company Jendamark Automation, was named a finalist in the prestigious All Africa Business Leaders Awards at an event in Johannesburg last night [Thursday, September 20]. Uren, 54, will now represent the Bay - and the Southern African region - in the Industrialist of the Year category at the eighth annual continental awards on November 29. His fellow category finalists from South Africa include Nampak CEO Andre de Ruyter, Likoebe Innovation Consultants founder Nneile Nkholise, and Nana Sebelo, CEO of Thata uBeke Manufacturing.

From retrenchment to starting a business that empowers young people

When Megan Ngiba was retrenched from her corporate position, she saw it as an opportunity to start her own venture. She had studied IT and taken up a position at a company in Durban. The company was soon forced to put her on short time and with financial commitments and the closure of the company looming, she started researching how she could start a training facility that could ultimately be accredited and provide Sector Education and Training (Seta) courses, particularly in the IT sector.

Your communication skills can make the difference between success and failure in business

The role that good communication skills play in business success is often overlooked A Scientific American blog on the role of luck in success argues that we can learn to be successful by reading about successful people, mentioning the popularity of magazines such as Success, Forbes and Entrepreneur. The blog reads: "There is a deep underlying assumption … that we can learn from them because it's their personal characteristics - such as talent, skill, mental toughness, hard work, tenacity, optimism, growth mindset, and emotional intelligence - that got them where they are today. "This assumption doesn't only underlie success magazines, but also how we distribute resources in society, from work opportunities to fame to government grants to public policy decisions.

Business disposals spark jump in Altron's HEPS

Ascendis reports healthier margins after recent acquisitions By Business Day On 25 September 2018 · Leave a Comment Allied Electronics expects to report a 22%-28% increase in headline earnings per share for the six months to end-August, bolstered by the disposal of noncore assets   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

The growing business of African hair care

‘Heritage Day is about diversity and celebrating who you are in your culture…and part of that is your hair', says Nilotiqa CEO Thokozile Manwiro. Content hosted by iono.fm NOMPU SIZIBA: With it being Heritage Day, we should all be confident and happy in our skin and in our hair.

South Africans work for just seven years at peak productivity — Finns do so for 28

South Africans are spending two more years in school and scoring better on education quality than they did in 1990, but their health status has deteriorated, a Lancet study shows SA's investment in its human capital has barely improved in the past 25 years, undermining its prospects of economic development, a study published in The Lancet on Tuesday has found. South Africans work for just seven years at peak productivity, compared to 28 years in Finland, and the country slipped to 144th out of 195 nations in 2016, down from 129 in 1990. SA scored just behind the Solomon Islands, and ahead of Sao Tomé and Principe "Our findings show there is an association between investments in education and health, and improved human capital and GDP, which policy makers ignore at their own peril," said Christopher Murray, director of the Institute for Health Metrics and Evaluation (IHME), which conducted the study on behalf of the World Bank.

Multichoice is working on a DStv streaming service - which could launch in 2019

The report offers an in-depth analysis of the trends shaping the entertainment and media industry in South Africa - with forecasts built from a collection of historical data from a variety of sources. "South Africa faced an eventful year at the political and macroeconomic level in 2017, but emerged early in 2018 with a new president viewed as market-friendly and vowing to overhaul the economy," PwC said. "The entertainment and media (E&M) world does not, however, operate in a vacuum, and with advertiser confidence particularly hit in 2017, total E&M revenue rose at a comparatively low rate of 6.

Clicks names new chief executive

Clicks Group has announced that Vikesh Ramsunder will be appointed as the company's chief executive with effect from January 1, 2019.   Ramsunder will take over the position that was held by David Kneale since 2006. Currently, Ramsunder is the chief operating officer for the company and has been with Clicks for 25 years.

Nigeria to "review" Standard Bank's $2.6 billion MTN penalty

Standard Bank has told shareholders that the Central Bank of Nigeria (CBN) has informed it that it will review its decision to force the banking group to refund over $2.6 billion in expatriated funds. The  CBN had imposed a penalty on Stanbic relating to the remittance of foreign exchange on behalf of MTN Nigeria, and requested that the funds remitted by the bank on behalf of MTN Nigeria be refunded to the CBN.

Standard Bank says Nigeria won't debit $2.63bn over MTN

Nigeria's central bank will examine new submissions and if justified, review an earlier decision to impose a penalty on MTN, says Standard Bank. Standard Bank Group, Africa's largest lender, said the Nigerian central bank has confirmed it will not debit more than $2.63 billion from the South African lender over its role in the remittance of foreign exchange on behalf of the local unit of MTN.

Michael Kors bags Versace for $2.1 billion

Michael Kors is headquartered in London INTERNATIONAL NEWS - Global fashion house Michael Kors said Tuesday it had agreed to buy Italian luxury giant Versace, adding a new layer to its offering after buying shoemaker Jimmy Choo last year. Michael Kors, with roots in the United States but headquartered in London, has struck a deal to buy Versace for 1.83 billion euros ($2.

Fin24.com | US-China trade war draws rebuke from world leaders at UN event

Need to Know: Why $100 oil may be bad news for the bulls: analyst Jack Bowles named as new British American Tobacco CEO By fin24.com On 25 September 2018 · Leave a Comment ‘The rise of trade protectionism threatens the multilateral trading system that was agreed upon in Marrakesh in 1994 as well as in Doha in 2001,' President Cyril Ramaphosa has said at the Council on Foreign Relations on Monday.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Nigeria May Review Its Penalty In MTN Case - Standard Bank

Standard Bank (Photo Credit: Techunzipped) Standard Bank said on Tuesday that the Central Bank of Nigeria (CBN) may review its earlier decision on the penalty it imposed on the bank's Nigerian unit. Last month, CBN demanded $8,1 billion (R115 billion) allegedly paid as a dividend to MTN to be refunded to it. The money was transfered by Standard Chartered, Stanbic IBTC Bank, Citibank and Diamond Bank.

Michael Kors bags Versace for $2.1 billion

Michael Kors is headquartered in London INTERNATIONAL NEWS - Global fashion house Michael Kors said Tuesday it had agreed to buy Italian luxury giant Versace, adding a new layer to its offering after buying shoemaker Jimmy Choo last year. Michael Kors, with roots in the United States but headquartered in London, has struck a deal to buy Versace for 1.83 billion euros ($2.

1956 Women's Business Empowerment Programme holds its launch in Midrand

The Southern African Institute of Learning (Sail) held the launch of the 1956 Women's Business Empowerment Programme at Gallagher Convention Centre on 13 September. Sail is an education, training and development organisation that designs innovative learning solutions to enhance productivity and efficiency. The programme was in commemoration of Women's Day which was inspired by the women of 1956.

Business disposals spark jump in Altron's HEPS

Allied Electronics expects to report a 22%-28% increase in headline earnings per share for the six months to end-August, bolstered by the disposal of noncore assets On Tuesday, JSE-listed ICT group Allied Electronics (Altron) said the ongoing unbundling of noncore assets was bearing fruit, with the group on track to complete disposals by the end of November. Group revenue for the half-year to end-August was expected to rise between 42% and 46% compared to the prior period, with earnings per share from total operations expected to rise between 109% and 118% compared to the prior period. Altron attributed the improved performance to its ongoing disposal of noncore businesses, having sold its 80% stake in Powertech Transformers for R250m in July 2018.

How Partner Elite Helped My Business Grow

, CEO of The Business Exchange, talks about his journey with Raizcorp's Partner Elite division and how it contributed to the growth and success of his business. I started out in corporate property but later decided to launch my own business helping entrepreneurs connect with investors. My first office was in a business centre (now one of my competitors) which was extremely full with a waiting list.

Business Basics: The Four M's Of A Successful Start-Up

YOU need only four components to make a success of your business, and they all start with the 13th letter of the alphabet: "M". I came to know the "Four M's" through the International Labour Organisation, and since encountering it for the first time I use this simple concept not only in my own business but also in training aspiring entrepreneurs. Regularly reflecting on the "Four M's" as a strategic tool to grow your business is critical to business development.

Braintree IS Microsoft Dynamics 365 Business Central preferred partner

Braintree, the consulting and integration of Vox, has been selected as a preferred partner to Microsoft, as it rolls out its Dynamics 365 Business Central in South Africa, one of the 16 countries added in the staggered launch programme. Businesses that want to thrive in the future will have to connect everything from finance, sales, service and operations, and provide teams with realtime, accurate data, irrespective of where they are. Braintree believes that the shift to integrated business management solutions is coming, and Dynamics 365 Business Central is just the start.

Mallies Spice Works: This family business is a spicy venture

Outside, in Carr Street, is a mural of a coffin and an angel but that turns out to be next door. The part of the pinkish building Heather and I enter bears an array of elderly spikes and barbed wires, giving away nothing of its inner enchantments, except the name, Mallies Spice Works. Restaurateurs know this name.

10 Factors To Consider When Naming Your Business

. Your brand name will have an impact on the success of your business. When working on your naming strategy, make sure that you cover every possible base to boost your odds of success. 1.

Emerging Markets currently offering significant value, says Old Mutual Investment Group

Feroz Basa, Portfolio manager of the Old Mutual Global Emerging Markets Fund at Old Mutual Investment Group. As the US/Chinese trade war standoff intensifies, Emerging Markets continue to be caught in the crossfire with no clear indication of when the volatility will end. Despite this pressure, Emerging Markets are currently offering some of the highest upside ever seen, according to Feroz Basa, Portfolio manager of the Old Mutual Global Emerging Markets Fund at Old Mutual Investment Group, who believes that the current environment is creating significant value opportunities.

SA: A great place to retire and save for retirement

A poor performing economy is no reason to abandon your retirement savings. In an article published on Moneyweb by regular columnist Magnus Heystek, titled , investment company 10x is singled out for "portraying the returns on the SA-based retirement products in isolation, with no reference to the returns you could have earned elsewhere". In the interest of fairness, we republish the article from 10x's blog, that was initially referred to by Heystek in Monday's article.

Opportunity beckons for better returns at lower cost

The bottom line in any investment is how it performs for you, the investor, and that performance includes consideration of all fees and expenses. With a heavily loaded fund, you start your investment with a significant loss. Avoid unnecessary charges whenever possible.

The coal crisis at Eskom worsens

Tags 17-09-2018 Read : 16 times Moneyweb Source Putting the uninterrupted provision of power at risk. Information received by EE Publishers indicates that the coal crisis at Eskom is worsening, with at least four and possibly more of Eskom's 15 coal-fired power stations now having less than 10 days of coal at hand on their stockpiles. Eskom has advised EE Publishers that it requires an additional 1.

Jack Bowles named as new British American Tobacco CEO

Need to Know: Why $100 oil may be bad news for the bulls: analyst In One Chart: Why stock investors shouldn't fear rising interest rates, in one chart By Business Day On 25 September 2018 · Leave a Comment He will succeed Nicandro Durante as CEO, who will retire in April after nearly 37 years with BAT   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Market Snapshot: Stock futures slightly higher; major indexes near records

The Post-It Note System To Achieve Your Dreams The Wall Street Journal: Stock market's latest rally has been fueled by health-care shares as tech slumps By MarketWatch On 25 September 2018 · Leave a Comment U.S. stock-index futures inched higher on Tuesday, implying a slight gain following the previous session's move lower, as investors once again looked past uncertainty surrounding trade policy to focus instead on strong economic fundamentals.

Deep Dive: Fast-growing chip makers are selling for a discount after Trump tariff announcement

These 4 Girl Bosses Are Investing Millions in Female Entrepreneurs-Here's How to Get Funded. JSE weakens after long weekend, as oil climbs above $81 a barrel By MarketWatch On 25 September 2018 · Leave a Comment Semiconductor stocks are being hurt in the short term, but if you take a long-term view, you have the chance to outperform benchmark indexes.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

The Wall Street Journal: Ex-Goldman Sachs analyst in insider-trading case faced sexual misconduct allegations at Harvard

Hot New Fashion and Design Collabs Looks like Angola has its own Duduzane problem By MarketWatch On 25 September 2018 · Leave a Comment Damilare Sonoiki's meteoric rise from impoverished immigrant to a trio of prominent American institutions—Harvard University, Goldman Sachs Group Inc. and "The Simpsons"—crashed last week when he pleaded guilty to an insider-trading scheme involving an NFL player.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Global report highlights financial services as least trusted sector

According to the 2018 Edelman Trust Barometer, the financial services industry was once again the least trusted sector. The report has been measuring trust in business, NGOs, government and the media for the last 18 years. According to the report, which has a special section devoted to financial services, trust in the industry declined in 13 out of 28 countries in 2017.

How the IDC helped this entrepreneur get his water-saving invention in SA stores

Entrepreneur Paseka Lesolang has told the story of how funding from Industrial Development Corporation (IDC) helped get his business off the ground. Lesolang is the managing director of Water Hygiene Convenience (WHC), a company responsible for creating outstanding leak detection technology. Read: The WHC's Leak-Less Valve is a leak detector that prevents up to 70% of water loss from a leaking toilet, he explains.

Luminex says Anglo American to earn into Ecuador project

Diversified miner Anglo American has signed a formal earn-in and joint venture (JV) agreement with Vancouver-based Luminex Resources, relating to Pegasus A, Pegasus B and Luz concessions in Ecuador. The agreement gives Anglo the right to earn a 60% ownership interest in a JV company indirectly holding the properties if it invests $50-million and makes $7.3-million of cash payments over a seven-year period.

SA based businessman wants to ‘educate' young African entrepreneurs

Ensure sick pets don't leave you begging Alexander Forbes Group terminates CEO Darfoor By IoL Business Report On 25 September 2018 · Leave a Comment Frank Buyanga says he is on a drive to educate young entrepreneurs to shun "begging for funding" and instead concentrate on creative ideas.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

The Wall Street Journal: Swedish parliament ousts Prime Minister Stefan Löfven after inconclusive general election

Alexander Forbes CEO Andrew Darfoor gets the boot, effective immediately Soon it will be much less cumbersome for foreign minors to travel to SA By MarketWatch On 25 September 2018 · Leave a Comment Swedish Prime Minister Stefan Löfven is ousted after losing a parliamentary vote of confidence Tuesday, deepening the nation's political uncertainty.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Meet the man Alexander Forbes just booted out over trust issues

Glencore to boost share buyback program by up to $1bn Rand takes a breather after strong run last week By IoL Business Report On 25 September 2018 · Leave a Comment While Alexander Forbes did not elaborate on the specific reasons for the lack of trust, Business Report examines Darfoor's experience and business history.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

OPINION: Local viewing, listening should be a national choice

Maize harvest forecast to be lowered Glencore to boost share buyback program by up to $1bn By IoL Business Report On 25 September 2018 · Leave a Comment CCI in SA offers equal opportunities across all races, with 77% of people employed in the sector being black… writes Eustance Mashimbye.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

SAA could see a profit by 2021

A swipe is not enough: Tinder trials extra control for women Alexander Forbes CEO Andrew Darfoor gets the boot, effective immediately By IoL Business Report On 25 September 2018 · Leave a Comment South African Airways chief executive Vuyani Jarana hopes that SAA will break even or see some profit by the end of the 2021 financial year.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

How the IDC helped this entrepreneur get his water-saving invention in SA stores

Entrepreneur Paseka Lesolang has told the story of how funding from Industrial Development Corporation (IDC) helped get his business off the ground. Lesolang is the managing director of Water Hygiene Convenience (WHC), a company responsible for creating outstanding leak detection technology. The WHC's Leak-Less Valve is a leak detector that prevents up to 70% of water loss from a leaking toilet, he explains.

Tighter regulation to hit CMC Markets' income; shares slump

* CMC shares fall over 20 pct* CMC warns on revenue from main trading products* Morgan Stanley reduces FY 2019 estimates (Adds details on regulation, shares, analyst estimates)By Noor Zainab Hussain and Sinead CruiseLONDON, Sept 25 (Reuters) - Shares in CMC Markets lost a fifth of their value after it warned that curbs on client trading will hit full year income harder than expected, the latest blow to London's online trading firms that have faced scrutiny from global regulators.CMC and its rivals, such as IG, have been in focus as regulators tighten rules on products which allowed anyone with a bank card to make highly-leveraged bets on financial markets via apps and online platforms.CMC, headed by Peter Cruddas, one of the City of London's most prominent supporters of Britain's exit from the European Union, said on Tuesday that its second quarter had also been hurt by sustained low market volatility.

ContinuitySA honoured at the Business Continuity Institute Africa awards ceremony

At this year's Africa awards ceremony hosted by the BCI SADC chapter on 21 September 2018, ContinuitySA CEO Michael Davies was named Continuity and Resilience Industry Personality of Year, while Movashan Moodley scooped the award for Newcomer of the Year. The Business Continuity Institute (BCI) is the leading global membership and certifying organisation for business continuity and resilience professionals. It hosts an annual awards programme to recognise those individuals, teams and companies that lead the industry on the continent.

Mobility is being disrupted by exponential technologies30m ago | BUSINESS

Autonomous vehicles and the rise of disruption The mobility industry is being disrupted through digitisation. "In the future cars will be connected, autonomous, shared and electric," according to Carlo van de Weijer, mobility and automotive faculty member at Singularity University. Currently, 72% of car companies' research and development budgets are being allocated to these four mains areas, he continues.

WATCH: Business Report Market Update

What do India's youth really care about? Clicks names new chief executive By IoL Business Report On 25 September 2018 · Leave a Comment We take a look at the latest business news this morning and top stories from our newsrooms across SA, Africa, and the world.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Glencore to boost share buyback program by up to $1bn

(Bloomberg) - Glencore Plc will double the size of its buyback plan by purchasing another $1 billion of stock just 11 weeks after starting the program, adding to a growing number of moves by the world's biggest miners this year to return more money to investors. The announcement comes less than a week after No. 2 miner Rio Tinto Group unveiled a $3.

South African phosphate miner plans London IPO by year-end: CEO

By Wendell RoelfCAPE TOWN (Reuters) - South African phosphate miner, Kropz, is on track to list on London's AIM Stock Exchange by the end of the year as it prepares for first production from its main asset in 2019, its chief executive said on Tuesday.Kropz wants to raise cash to pay down debt and further develop its Elandsfontein phosphate mine, which is expected to begin production in the second half of next year, before reaching 900,000 tonnes per annum in 2020.African Rainbow Capital, the investment arm of African Rainbow Minerals, will be the "cornerstone investor" for the IPO, Ian Harebottle said in emailed response to questions.

Alex Forbes fires Group CEO

The Alexander Forbes board says it has fired its CEO. "In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that the Board has, resulting from a loss of confidence and trust, terminated the services of Mr AA Darfoor as Group Chief Executive and Director of the Company with immediate effect," the company stated this morning.

Oil majors help FTSE 100 rise, Next shines on brighter profit outlook

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.2 pct* Oil stocks climb as crude hits 4-yr high* Next rises 7.9 pct after raising profit outlook* Glencore gains on new $1 billion share buyback* CMC Markets sinks 12 pct on income warningBy Helen ReidLONDON, Sept 25 (Reuters) - Britain's top share index edged up on Tuesday thanks to a surge in oil majors as crude prices hit a four-year high, while retailer Next stole the spotlight after a strong update confounded expectations.

Glencore increases share buy-back programme by $1bn

Global diversified miner Glencore has increased its $1-billion share buy-back programme by a further $1-billion, and also extended the duration of the programme until the close of dealings in February 2019. The implementation of the programme is in line with the company's financial policies and thresholds, and will be effected in accordance with the terms of the authority granted by shareholders at the 2019 annual general meeting, the company said in a release. It is, however, currently intended that any ordinary shares of the company bought will be held in treasury.

Jack Bowles named as new British American Tobacco CEO

He will succeed Nicandro Durante as CEO, who will retire in April after nearly 37 years with BAT British American Tobacco (BAT) named insider Jack Bowles to succeed Nicandro Durante as CEO on Tuesday, giving him the task of adapting to new tobacco formats as smoking declines. "I am confident that we will take full advantage of these opportunities as we accelerate the transformation of BAT into a stronger multi-category tobacco and nicotine products company," Bowles said in a statement noting his appointment. Shares in the maker of Lucky Strike and Dunhill cigarettes fell more than 2% and were the top loser on the UK blue-chip index following the appointment of Bowles, who is chief operating officer of BAT's international business.

Glencore to boost share buyback program by up to $1bn

The mining company is still working towards returning money to its investors. Glencore will double the size of its buyback plan by purchasing another $1 billion of stock just 11 weeks after starting the program, adding to a growing number of moves by the world's biggest miners this year to return more money to investors. The announcement comes less than a week after No.

Clicks names new chief executive

WATCH: Business Report Market Update Fin24.com | Alexander Forbes fires CEO over a ‘loss of confidence and trust' By IoL Business Report On 25 September 2018 · Leave a Comment The appointment of the new chief executive of the Clicks Group will come into effect on January 1, 2019.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Fin24.com | Alexander Forbes fires CEO over a ‘loss of confidence and trust'

Clicks names new chief executive Everything you need to know about the massive crisis brewing in India's financial markets By fin24.com On 25 September 2018 · Leave a Comment Alexander Forbes announced that it has terminated the services of CEO Andrew Darfoor.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

BAT picks insider Bowles as CEO to oversee tobacco shift

(Adds details on appointment, vaping products)Sept 25 (Reuters) - British American Tobacco Plc named Jack Bowles as chief executive officer to succeed Nicandro Durante.Bowles, chief operating officer of BAT's international business, will become CEO Designate on Nov. 1 and will join the board on Jan.

Glencore to boost share buyback program by up to $1bn

Glencore [ JSE:GLN ] will increase its share buyback program by as much as $1bn, adding to a growing number of moves by the world's biggest miners this year to return more money to investors. The announcement comes less than a week after the No. 2 miner, the Rio Tinto Group, announced a $3.

Sky's the limit for Comcast

The auction for Sky, a major acquisition by Adobe and another acquisition by Cognizant were the main 'events' of the international ICT market last week. At home, Naspers' unbundling announcement was one of the main stories. Key local news * The acquisition by the Argility Technology Group of US-based SkyData Communications, a provider of wireless data communication products, services and solutions which enable clients to access data where conventional wireline connections are impractical or too costly.

GLOBAL MARKETS: Beetle's finish line

The end of the Beetle comes at a turning point for Volkswagen Volkswagen says it will stop producing its iconic Beetle car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap towards a future of mass-market electric cars. The end of the Beetle comes at a turning point for Volkswagen. The German automaker's past three years have been rocked by the fallout from a scandal caused by its admitted cheating on diesel-emissions tests.

EMERGING MARKETS-U.S. yields, trade woes knock emerging stocks, currencies

* Asian currencies suffer, India rupee eyes fresh record low * Russia's rouble gains as oil hits 4-year high * Turkey's lira up on hopes Washington ties could improve By Karin Strohecker LONDON, Sept 25 (Reuters) - Emerging stocks extended falls on Tuesday and currencies came under broad pressure from rising trade tensions and climbing U.S. yields, although Turkey's lira rose on hopes Ankara could ease tensions with Washington.

Meet the man Alexander Forbes just booted out over trust issues

CAPE TOWN -  Alexander Forbes Group Holdings said on Tuesday it terminated the employment of its Group Chief Executive Andrew Darfoor with immediate effect, citing "a loss of confidence and trust". "The board is prioritising the search for a new group chief executive and is confident that an appointment will be made imminently," according to a statement. While Alexander Forbes did not cite or elaborate on the specific reasons for the lack of trust, Business Report examines Darfoor's experience and business history.

Oil majors help FTSE 100 rise, Next shines on brighter profit outlook

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.2 pct * Oil stocks climb as crude hits 4-yr high * Next rises 7.9 pct after raising profit outlook * Glencore gains on new $1 billion share buyback * CMC Markets sinks 12 pct on income warning By Helen Reid LONDON, Sept 25 (Reuters) - Britain's top share index edged up on Tuesday thanks to a surge in oil majors as crude prices hit a four-year high, while retailer Next stole the spotlight after a strong update confounded expectations.

JSE weakens after long weekend, as oil climbs above $81 a barrel

Banks and retailers feel the pinch of a higher oil price, with miners under some pressure from global trade friction and a stronger dollar The JSE was weaker on Tuesday morning, under pressure from a rising oil price and global trade tension, with local banks faring worst. Domestic markets were closed on Monday, when risk-off sentiment was buffeted by some escalation in tension between the US and China over trade. Local stocks are also reacting to oil's climb above $80 a barrel.

Alexander Forbes terminates CEO Andrew Darfoor

Financial services company Alexander Forbes Group Holdings said on Tuesday it terminated the employment of its Group Chief Executive Andrew Darfoor with immediate effect, citing "a loss of confidence and trust". The company did not elaborate on the comments. Darfoor was appointed to the post in August 2016.

Alexander Forbes fires Group CEO due to ‘lack of confidence and trust'

Financial services company, Alexander Forbes, has announced the termination of its group chief executive and director of the company - Andrew Darfoor - with immediate effect. In a shareholder statement released on Tuesday morning (25 September), the company cited ‘a loss of confidence and trust' as the reason for his termination. It added that its board would prioritise the search for a new group chief executive and that an appointment would be made ‘imminently'.

UPDATE 1-Oil boost and Italy budget hopes support European shares; Next shines

* STOXX 600 up 0.2 percent * Oil stocks hit highest since mid-July * Italian stocks helped by budget compromise talk * Next shines after raising full-year guidance (For a live blog on European stocks, type LIVE/ in an Eikon news window) By Danilo Masoni MILAN, Sept 25 (Reuters) - European shares were supported in morning trading on Tuesday by gains among oil stocks, while British clothing retailer Next rallied after raising its profit guidance. The pan-European STOXX 600 index rose 0.

Reducing customisations for greater manufacturing efficiency

Customisation is often sold as a software benefit. "It is tailor-made, unique and built only for your organisation," these were the constant and reliable sentiments of the past. While bespoke software design certainly had its place in history, as the pace of innovation in tech continues to rise, the value of customisations must be weighed up against the benefits of easy upgrades.

Is your business cyber resilient?

With data being likened to the oil of the digital age, decision-makers cannot afford to ignore evolving cyber threats especially given recent examples of ransomware attacks targeting local companies. Ralph Berndt, director of sales at cyber resilience expert Syrex, examines the importance of thinking differently about cyber security. "International research shows that 54 percent of the global respondents admitted to being hit by instances of ransomware.

WorldRemit integrates with the WhatsApp Business Solution

Digital money transfer company WorldRemit has added WhatsApp notifications to its service. Through its integration with the WhatsApp Business solution, customers who use WhatsApp to chat with family and friends can now also receive instant notifications on the status of their transactions. Given the challenges of SMS delivery in many markets, customers can often miss out on real-time information about their transfers.

British Airways doubles On Business rewards

Tue, 25 Sep 2018 British Airways is offering small and medium-sized enterprises that are part of its On Business programme an opportunity to double their rewards. On Business members who travel on British Airways international flights or British Airways operated by Comair domestic and regional services between now and December 31 will collect double points on up to five return flights or 10 one-way sectors. The offer is open on all ticket classes that normally accrue On Business points and is also available for flights made on BA CityFlyer and SUN-AIR.

Eskom academy upskills black small business…

One hundred and seventy six (176) Eskom contractors and suppliers from around the country graduated today after completing the eight-month Eskom Contractor Academy. The group received their certificates today at a ceremony held at the Eskom Academy of Learning in Midrand. The Contractor Academy is one of the Eskom Development Foundation's key initiatives and part of the organisation's commitment to enterprise development, skills development, job creation and poverty alleviation.

CMC Markets' shares fall after net income warning

(Adds details on regulatory clampdown, rivals)LONDON, Sept 25 (Reuters) - Shares in online spreadbetting firm CMC Markets fell sharply after it said low market volatility and regulatory constraints that curbed client trading activity will reduce its 2019 income more than previously expected.CMC and other London-based online trading firms have been under scrutiny as global regulators tighten rules on products which allowed anyone with a bank card to make highly-leveraged bets on financial markets via apps and online platforms.The company said investments in strategic initiatives would continue, but discretionary spending around staff and marketing would fall below earlier guidance to offset the hit to group profitability in its fiscal full year.

GLOBAL MARKETS-Trade nerves, bond yields and $80 oil buffet stocks

* World stocks flat, just off six-month high * Bond yields rising on expectation of more policy tightening * German, U.S. yields at multi-month high * Oil near 4-year highs on supply concerns * Graphic: World FX rates in 2018 tmsnrt.

Asian markets mostly up but trade row keeps dealers on edge

Asian markets mostly rose on Tuesday but investors remained on edge after the latest tit-for-tat tariffs in the China-US trade row, while they are now looking ahead to the Federal Reserve's next policy meeting. While the levies had been widely expected, there are concerns about how long the dispute will last after China cancelled planned talks and said negotiations "cannot be carried out under the threat of tariffs". Vice commerce minister Wang Shouwen said on Tuesday it was impossible to hold negotiations while Washington is imposing tariffs that are like "holding a knife to someone's throat".

Indian markets manage to steady, despite cash crunch concerns stacking up

By Swati Bhat and Arnab PaulMUMBAI, Sept 25 (Reuters) - Indian markets steadied after an early wobble on Tuesday despite a rupee currency dangerously close to record lows, and abiding fears that problems at two large non-banking financial companies could signal a wider credit crunch.Alarm over potential for a credit crunch had heightened on Friday when bonds issued by Dewan Housing Finance Corp were sold by a large fund manager at hefty discount. Shares in the NBFC fell 23.

Why markets snubbed Ramaphosa's stimulus plan

When a country introduces a fiscal stimulus package into a struggling economy, currencies and markets normally strengthen in anticipation of faster economic growth, job creation, and market-friendly policies. However, the marginal decline of the rand and muted market reaction on Friday after President Cyril Ramaphosa revealed a stimulus package aimed at putting SA's damaged economy back on course suggests there is scepticism about the state's intervention. Faced with ballooning government debt, low tax revenue collection, an economy in a recession, and rampant corruption, Ramaphosa reacted with a stimulus package and economic recovery plan designed to reignite growth, stimulate economic recovery, and secure confidence in sectors affected by regulatory uncertainty and inconsistency.

Gold wage talks deadlock again between Sibanye and Amcu

Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," Amcu said in a terse statement. This comes after Amcu, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation, and Arbitration (CCMA).

Gold wage talks deadlock again between Sibanye and Amcu

JOHANNESBURG - Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," Amcu said in a terse statement. This as Amcu, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

Gold wage talks deadlock again between Sibanye and AMCU

JOHANNESBURG - Wage negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," AMCU said in a terse statement. This as AMCU, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

Onderhandelings val vas tussen Sibanye en Amcu

Loononderhandelings tussen die Association of Mineworkers and Construction Union (Amcu) en Sibanye-Stillwater het Donderdag weereens ? dooiepunt bereik. "Geen ooreenkoms is bereik nie en die gesprekke duur voort," het Amcu in ? verklaring gesê. Amcu en ander vakbonde in die goudbedryf sit onderhandelinge voort met Sibanye, Harmony Gold en Village Main Reef onder die vaandel van die Kommissie vir Versoening, Bemiddeling en Arbitrasie (KVBA).

Gold wage talks deadlock again between Sibanye and Amcu

JOHANNESBURG - Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," Amcu said in a terse statement. This as Amcu, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

AMCU in deadlock with Sibanye-Stillwater on gold wage negotiations

WAGE negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater were in deadlock on Thursday, said African Network Agency in a report republished by Business Report. "No agreement has been reached and wage talks continue," AMCU said in a statement which is also in wage negotiations with Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA). On Monday, AMCU, UASA and Solidarity signed a three-year wage agreement with AngloGold Ashanti signed an agreement which gave workers an increment of R1,000 a year over three years.

https://www.moneyweb.co.za/news-fast-news/num-signs-wage-deal-with-anglogold/

South Africa‘s National Union of Mineworkers (Num) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12% for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable. Gold producers have argued that above-inflation wage hikes have added to the cost burden in the bullion industry, which has also been hit by depressed prices, labour unrest and declining grades at depths of up to 4 kms (2-1/2 miles).

NUM signs three-year wage deal with AngloGold Ashanti

JOHANNESBURG - The National Union of Mineworkers said on Friday it had signed a three-year wage agreement with AngloGold Ashanti the previous day, ending a two months long marathon of negotiations. "The NUM has reached an agreement with AngloGold Ashanti that will result in workers in the categories 4-8 (surface and underground workers) monthly wages increase by R1,000 while wages for miners, officials and artisans will be increased by 6.5 percent," the union said.

South Africa's NUM union signs wage deal with AngloGold

JOHANNESBURG, Sept 21 (Reuters) - South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12 percent for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable. Gold producers have argued that above-inflation wage hikes have added to the cost burden in the bullion industry, which has also been hit by depressed prices, labour unrest and declining grades at depths of up to 4 kms (2-1/2 miles).

Wage negotiation talks continue, Anglo and NUM sign agreement

The gold producers engaged in wage negotiations under the auspices of the Minerals Council South Africa, and facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA), are pleased to advise on further progress in wage negotiations on Wednesday, 20 September. Chief Negotiator from the Minerals Council, Motsamai Motlhamme, commended all parties on the way in which the engagements are proceeding, and indicated his confidence that the parties will continue to make progress in the coming week. The following is an update on the day's proceedings: AngloGold Ashanti and the NUM reach agreement AngloGold Ashanti and the National Union of Mineworkers (NUM) have concluded a three-year wage agreement.

NUM signs wage deal with AngloGold

JOHANNESBURG - South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12% for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable. Gold producers have argued that above-inflation wage hikes have added to the cost burden in the bullion industry, which has also been hit by depressed prices, labour unrest and declining grades at depths of up to 4 km (2-1/2 miles).

NUM signs three-year wage deal with AngloGold Ashanti

THE National Union of Mineworkers (NUM) joined rival the Association of Mineworkers and Construction Union (AMCU), as well as UASA and Solidarity, in signing a three-year wage deal with AngloGold Ashanti, the Minerals Council said in a statement at the weekend. The deal was signed on the same terms. The agreement allows for increases to the basic wage of Category 4-8 employees of R700 in year one, R800 in year two and R900 in year three.

Learners honoured for outstanding Mathematics Olympiad performances

The South African Mathematics Foundation (SAMF) has honoured outstanding learners and teachers for their performance in the 2018 South African Mathematics Olympiad (SAMO) and the South African Mathematics Challenge (SAMC). SAMF's annual awards function took place on the 22 nd of September in Stellenbosch. The First Round of the SAMO took place in March and more than 106 000 leaners from 1 303 schools participated this year.

Alexander Forbes CEO Andrew Darfoor gets the boot, effective immediately

Investors welcomed the news, with the share price jumping 6% to R5.11 in early trade on the JSE Alexander Forbes CEO Andrew Darfoor has been fired, two years into the top job. In an unusual step, the company said in a statement on Tuesday that the board had lost confidence and trust in Darfoor, who was put in charge of the financial services group in September 2016.

#AgencyFocus: Jellyfish spreads its tentacles in South Africa

by Carey Finn ( @carey_finn ) Durban may not be the first place that comes to mind when discussing digital marketing hubs in Mzansi, but Jellyfish is hoping to change that. Operating out of KwaZulu-Natal since 2005, the digital marketing agency has experienced significant growth in recent years; it has expanded to Joburg (where it snapped up ClickMaven last year) and is looking to build a presence in Cape Town, too, while increasingly targeting blue-chip brands. Managing director Tim Lombard , who has been with the agency since 2014, says that Jellyfish's South African arm has evolved into a full-service digital affair from its basic beginnings as a paid-media operation centre.

Alexander Forbes CEO fired

The board of Alexander Forbes has fired its CEO Andrew Darfoor with immediate effect. According to a terse statement, this came as a result of a loss of confidence and trust in Darfoor. Darfoor replaced Prof Edward Kieswetter on September 1 2016.

The Efficiency Of Mining With Drones

Can mines become more efficient - and safe - through tech? Robots, drones and virtual reality tools are now being used for sophisticated drilling operations. The mining industry has been pivotal to the economy of South Africa for many years, but the current climate is tough. Investor confidence in the sector is waning, with the country's mines struggling in the face of a declining economy and regulatory uncertainty.

Alexander Forbes CEO fired

Marilyn Ramplin, an independent non-executive director of the company will serve as interim group CEO..

BAT names insider as new CEO

British American Tobacco [ JSE:BTI ] has named an insider as its new chief executive officer. The global tobacco giant's board announced on Tuesday that the current chief operating officer of its international business, Jack Bowles, will succeed Nicandro Durante as CEO following the latter's retirement next April. From November 1 2018, ahead of his appointment to the hot seat, Bowles will be named chief executive designate He will join the board on 1 January 2019.

South African phosphate miner plans London IPO by year-end - CEO

CAPE TOWN - South African phosphate miner, Kropz, is on track to list on London's Aim Stock Exchange by the end of the year as it prepares for first production from its main asset in 2019, its chief executive said on Tuesday. Kropz wants to raise cash to pay down debt and further develop its Elandsfontein phosphate mine, which is expected to begin production in the second half of next year, before reaching 900 000 t/m in 2020. African Rainbow Capital, the investment arm of African Rainbow Minerals, will be the "cornerstone investor" for the IPO, Ian Harebottle said in emailed response to questions.

Glencore to buy back $1 billion of additional shares

Sept 25 (Reuters) - Commodities trader and miner Glencore said on Tuesday it would buy back additional shares worth up to $1 billion, increasing the size of its existing buyback programme which is approaching completion.Glencore, which said in July it would buy back shares worth up to $1 billion in a programme of purchases running to the end of 2018, said the extended programme would go on until the end of Feb. 20, 2019.

Opportunity beckons for better returns at lower cost

The bottom line in any investment is how it performs for you, the investor, and that performance includes consideration of all fees and expenses. With a heavily loaded fund, you start your investment with a significant loss. Avoid unnecessary charges whenever possible.

Alex Forbes CEO fired

Board has lost faith in him. The board of Alexander Forbes has fired its CEO, Andrew Darfoor, with immediate effect. This caused a quick fall in the share price, before it recovered to above its opening price of R4.

Standard Bank withdraws MTN Nigeria-related cautionary

Standard Bank Group has withdrawn a cautionary announcement to shareholders related to demands placed on it by Nigeria's central bank (CBN) after receiving a letter from the CBN promising a review of the situation. This comes after Bloomberg reported last week that Nigeria wanted to end a dispute with MTN Group over a claim that the telecommunications operator illegally transferred $8.1-billion out of the country, an indication that relations between the two parties had started to thaw.

CBN establishes bridge bank to take over Skye Bank assets

The Central Bank of Nigeria has established a bridge bank, Polaris Bank, to take over the assets and liabilities of Skye Bank. The CBN notes that the strategy is for the Asset Management Corporation of Nigeria to capitalise the bridge bank and begin the process of sourcing investors to buy out AMCON. Muyiwa Oni, Regional Head; Equity Research at Standard Bank Group joins CNBC Africa to discuss this development.

Clicks names new chief executive

The appointment of the new chief executive of the Clicks Group will come into effect on January 1, 2.

South African phosphate miner plans London IPO by year-end - CEO

CAPE TOWN, Sept 25 (Reuters) - South African phosphate miner, Kropz, is on track to list on London's AIM Stock Exchange by the end of the year as it prepares for first production from its main asset in 2019, its chief executive said on Tuesday. Kropz wants to raise cash to pay down debt and further develop its Elandsfontein phosphate mine, which is expected to begin production in the second half of next year, before reaching 900,000 tonnes per annum in 2020. African Rainbow Capital, the investment arm of African Rainbow Minerals, will be the "cornerstone investor" for the IPO, Ian Harebottle said in emailed response to questions.

UPDATE 1-UK Stocks-Factors to watch on Sept 25

(Adds company news items and futures) Sept 25 (Reuters) - Britain's FTSE 100 index is seen opening 11 points lower at 7,448 on Tuesday, according to financial bookmakers, with FTSE 100 futures down 0.07 percent ahead of the cash market open. * IMPERIAL BRANDS: British tobacco company Imperial Brands said that its divestment plan is on track and progressing well, and it expects full-year results in line with expectations as it ramps up the release of vaping products.

Kalgoorlie nickel smelter shut after fire

MELBOURNE - BHP Billiton said on Monday its Kalgoorlie nickel smelter has been closed after a fire that broke out over the weekend and the plant will remain shut while it assesses the damage. The fire had been put out, there were no injuries and efforts would focus on returning the plant to normal operations, the global miner said. "People have returned to work at the Kalgoorlie Smelter today and the team is working on the recovery of safe operations," a BHP spokesman told Reuters.

7000 kilograms of litter removed from North Coast beaches

Grandparents, children and even dogs were eager to help on the recent World Clean Up Day which broke the record as the largest peacetime civic action in human history. Uvemvane honorary officers' group chairperson Liesl Venter headed up the beach clean ups at Ballito, Blythedale, Zinkwazi and Tugela South Beach and said they collected 294 bags of litter in total. Also read:  The facts and figures behind shark nets in KZN "The outcome was as follows: 150 people at Salmon Bay collected 50 bags weighing 4000 kilograms; 200 people collected 180 bags weighing 2000 kilograms at Blythedale; Zinkwazi saw 50 people pick up 40 bags of litter weighing 350 kilograms and Tugela South had 20 people picking up 24 bags weighing 500 kilograms," said Venter.

Clicks chief executive to retire

JOHANNESBURG - Clicks chief executive David Kneale is stepping down after 13 years, marking the end of an era at the pharmacy, health and beauty retailer. Kneale has been credited with growing the 50-year-old Clicks group, which includes brands such as GNC, The Body Shop, Claire's and Musica. He will retire on January 1 and take on the responsibly of being a strategic adviser to the group until August next year while he serves his notice period, the Clicks Group said on Friday.

UPDATE 1-BATS names Jack Bowles CEO

(Adds details on appointment, vaping products) Sept 25 (Reuters) - British American Tobacco Plc named Jack Bowles as chief executive officer to succeed Nicandro Durante. Bowles, chief operating officer of BAT's international business, will become CEO Designate on Nov. 1 and will join the board on Jan.

BATS names Jack Bowles CEO

Sept 25 (Reuters) - British American Tobacco Plc named Jack Bowles as chief executive officer to succeed Nicandro Durante. Bowles, chief operating officer of BAT's international business, will become CEO Designate on Nov. 1 and will join the board on Jan.

Kelepa's success story must motivate all youths

I am writing this letter in dedication to a friend who made it through all the odds. Bokang Kelepa, a mining engineer at Anglo American, shared his story which I think can be an inspiration to every young dreamer. Kelepa was born in Mogwase township in North West.

PIC up from R461bn to R2.1trln under Dr Matjila's watchful eye

Dr Daniel Matjila has weathered a few storms over the past 15 years. But he's most proud of growing the corporation into a R2trillion asset manager. When you're looking after assets under management worth more than R2trillion there's little time to relax, says Dr Daniel Matjila, the chief executive of the Public Investment Corporation (PIC).

African property finds fans in growth-hungry investors

Real estate elsewhere in Africa is back in vogue with investors who battle to find growth in SA. Bronwyn Corbett, CEO of the largest Africa-focused property company, Grit Real Estate, says more investors are sending teams to other African countries to seek deals. "The SA environment is problematic at the moment.

Young entrepreneur maseko on his watch business

My next guest started his business when his university bursary fell through. He started his watch business Aumax with starting capital of just R3 700, today the business is growing rapidly and employs 15 staff. For more news, visit: sabcnews.

South Africa's Alexander Forbes Group terminates CEO Darfoor

Sept 25 (Reuters) - Financial services company Alexander Forbes Group Holdings said on Tuesday it terminated the employment of its Group Chief Executive Andrew Darfoor with immediate effect, citing "a loss of confidence and trust". The company did not elaborate on the comments. Darfoor was appointed to the post in August 2016.

Alexander Forbes fires CEO over a 'loss of confidence and trust'

Alexander Forbes [ JSE: AFH]  announced on Tuesday morning that it had terminated the services of CEO Andrew Darfoor. In a notice to shareholders, the financial services provider said its board resolved to terminate Darfoor's services with immediate effect - as a result of a "loss of confidence and trust". Darfoor was appointed in 2016, taking over from Edward Kieswetter who retired.

Glencore to buy back $1 billion of additional shares

Sept 25 (Reuters) - Commodities trader and miner Glencore said on Tuesday it would buy back additional shares worth up to $1 billion, increasing the size of its existing buyback programme which is approaching completion. Glencore, which said in July it would buy back shares worth up to $1 billion in a programme of purchases running to the end of 2018, said the extended programme would go on until the end of Feb. 20, 2019.

Chinese capital may play role in mitigating Barrick Group's African business risk

By David McKay - September 24, 2018 Share on Facebook Tweet on Twitter ONE of the more important consequences of Randgold Resources' proposed $18.3bn merger with Barrick Gold will be the injection of Chinese capital into the combined unit's African gold and copper business, said the deal's chief architects, Mark Bristow and John Thornton, CEO of Randgold, and executive chairman of Barrick respectively. Acacia Mining, the 64%-held subsidiary of Barrick Gold, is currently in discussions with potential Chinese investors whilst Barrick as a whole was cementing its relationship with Shandong Gold.

Business Tambo mobile launches in Nigeria to disrupt Africa's largest phone market

Tambo, a global leader in mobile phone technology, has officially launched the Tambo brand in Nigeria, Africa's largest mobile market. Tambo aims to redefine technology and disrupt the mobile market in a positive and rewarding way by adding value to the lives of its customers, staff and business partners. With it's two distinct but value-driven ranges, the Superphones and Powerphones, Tambo plans to change the game in the market by putting the power to get the best out of mobile devices without breaking the bank.

Is your business Cyber Resilient?

With data being likened to the oil of the digital age, decision-makers cannot afford to ignore evolving cyber threats especially given recent examples of ransomware attacks targeting local companies. Ralph Berndt, Director of Sales at cyber resilience experts Syrex, examines the importance of thinking differently about cyber security. "International research shows that 54 percent of the global respondents admitted to being hit by instances of ransomware.

WATCH: Business Report Market Update

We take a look at the latest business news this morning and top stories from our newsrooms across SA, Africa, and the world..

Creating Your Own Successful Bitcoin Business-Part 31

[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.

Dirco: SA ambassador back in Israel on private business

The envoy was recalled in May, in protest against the killing of more than 40 Palestinian protesters in Gaza by Israeli security forces. | PRETORIA - The Department of International Relations and Cooperation (Dirco) says South African ambassador Sisa Ngombane remains recalled from Israel.The envoy was recalled in May, in protest against the killing of more than 40 Palestinian protesters in Gaza by Israeli security forces.

UPDATE 1-Vitol to halt business with Iran after U.S. sanctions start- executive

(Adds details) By Jessica Jaganathan SINGAPORE, Sept 25 (Reuters) - Energy trader Vitol will stop doing business with Iran after the United States re-imposes sanctions on Tehran's oil trade from Nov. 4, a senior company executive said on Tuesday. "Business with Iran or anything to do with Iran has to come to an end," said Mike Muller, who handles business development for Vitol, on the sidelines of the Asia Pacific Petroleum Conference (APPEC) in Singapore.

Court to decide if Vivian Reddy's KwaDukuza Mall will open for business

DURBAN - THE Concerned Citizens Group (CCG) has applied to the Durban High Court to interdict this week's planned opening of the multimillion-rand KwaDukuza Mall. According to the civic group, billionaire businessman Vivian Reddy's Double Ring Trading, the developer, was yet to secure a certificate of occupation from the KwaDukuza Municipality. Therefore, they are opposed to opening of the 29000m2 mall with 900 parking bays, 80 stores and restaurants, the first of its kind in the North Coast town.

Court to decide if Vivian Reddy's KwaDukuza Mall will open for business

DURBAN - THE Concerned Citizens Group (CCG) has applied to the Durban High Court to interdict this week's planned opening of the multimillion-rand KwaDukuza Mall. According to the civic group, billionaire businessman Vivian Reddy's Double Ring Trading, the developer, was yet to secure a certificate of occupation from the KwaDukuza Municipality. Therefore, they are opposed to opening of the 29000m2 mall with 900 parking bays, 80 stores and restaurants, the first of its kind in the North Coast town.

5 things you need to know in SA business today and 15 ways to make people respect you immediately

The new US tariffs on some $200 billion of Chinese goods came into effect yesterday, and reports that China has scrapped trade talks with the US have caused emerging markets to hit a bit of a wobble yesterday. This is despite a strong rally in the Turkish lira after the Wall Street Journal reported that a US pastor could be released after being arrested in 2016 for allegedly aiding terrorist groups, a charges he denies.  The rand looked firm-ish this morning at R14.

Court to decide if Vivian Reddy's KwaDukuza Mall will open for business

DURBAN - THE Concerned Citizens Group (CCG) has applied to the Durban High Court to interdict this week's planned opening of the multimillion-rand KwaDukuza Mall. According to the civic group, billionaire businessman Vivian Reddy's Double Ring Trading, the developer, was yet to secure a certificate of occupation from the KwaDukuza Municipality. Therefore, they are opposed to opening of the 29000m2 mall with 900 parking bays, 80 stores and restaurants, the first of its kind in the North Coast town.

Asia Markets: Trade news keeps a lid on Asian stocks as holiday-week doldrums persist

Working from home? The person on the other end of your call shouldn't have to know Instagram's Co-Founders to Step Down From Company By MarketWatch On 25 September 2018 · Leave a Comment A U.S.-South Korea trade deal signed Monday in New York is expected to strengthen the relationship between the two countries, the presidents of each said.

Hotel Chocolat annual profit rises 13 pct, eyes new markets

LONDON, Sept 25 (Reuters) - British chocolatier Hotel Chocolat posted a 13 percent rise in annual profit on strong demand for its upmarket products and said it was pressing ahead with international expansion, targeting the Scandinavian, Japanese and U.S. markets.

#OnTheBrink: What causes economic crises in emerging markets?

In Argentina , families are trying to cope with around 30 percent inflation while Venezuela is in its fifth year of a recession. Wits political economist Professor Patrick Bond was in studio to unpack the cause of the economic crisis in emerging markets..

Vitol to stop business with Iran when U.S. sanctions kick-off -executive

SINGAPORE, Sept 25 (Reuters) - Vitol will stop doing business with Iran after the United States reimposes sanctions on Tehran's oil trade from Nov. 4, a senior executive with the commodity merchant said on Tuesday. "Business with Iran or anything to do with Iran has to come to an end," said Mike Muller, who handles business development for Vitol, on the sidelines of the Asia Pacific Petroleum Conference (APPEC) in Singapore.

Takes a village to raise investor protection

Equity investors should not rely on anyone, least of all the JSE, to protect them from value-destroying corporate scandals such as Steinhoff, which left shareholders standing helplessly by as R300bn was wiped off their investments. That seems to be the message of the consultation document released by the JSE last week. Securing the sort of protection most investors assume they have would require all the players in a complex ecosystem — what JSE CEO Nicky Newton-King calls the guardians of corporate governance — to do the right thing.

Tourism council calls for Airbnb regulation

The government must regulate travel rental site Airbnb in SA as it is threatening the viability of conventional lodging providers such as hotels and could lead to job losses, the Tourism Business Council of SA (TBCSA) said. Within 10 years, Airbnb — a privately held company established in San Francisco in the US — has rapidly expanded globally, posing a threat to conventional lodging providers. It can be accessed through either its websites or mobile applications.

Angola's former president Dos Santos steps down as ruling party leader

Angola's former president Jose Eduardo dos Santos steps down as ruling party leader The former president of Angola earlier this month said he made mistakes during his long rule but was holding his "head high" as he stepped down as leader of the ruling MPLA party. The political exit of Jose Eduardo dos Santos comes as President Joao Lourenco, a former defense minister, pledges to dismantle corruption that flourished under his predecessor, who took power in 1979. At a party congress, more than 98 percent of the delegates elected Lourenco as the new chief of the MPLA, which has led oil-rich Angola since independence from Portugal in 1975.

PRESS DIGEST- British Business - Sept 25

Sept 25 (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 - Michael Kors Holding Ltd, the fashion retailer known for upmarket but affordable apparel and accessories, is to pay between $2 billion and $2.

Why markets snubbed Ramaphosa's stimulus plan

There is deep scepticism about whether government has the capacity to spark any meaningful economic activity. When a country introduces a fiscal stimulus package into a struggling economy, currencies and markets normally strengthen in anticipation of faster economic growth, job creation, and market-friendly policies. However, the marginal decline of the rand and muted market reaction on Friday after President Cyril Ramaphosa revealed a stimulus package aimed at putting SA's damaged economy back on course suggests there is scepticism about the state's intervention.

We pay our taxes, says cigarette maker

Gold Leaf Tobacco says it has paid more than R8.2bn in excise duties over the last 12 years. Gold Leaf Tobacco (GLT) has responded sharply to a recent Moneyweb article on the #takebackthetax advertising campaign funded by the Tobacco Institute of SA (Tisa).

Mexico's Femsa to enter Ecuadorean drug store business

MEXICO CITY, Sept 24 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano, or Femsa, said on Monday it had reached a deal to acquire Ecuadorean drugstore operator Corporacion GPF, without providing details about the transaction. Femsa, which controls Coca-Cola Femsa, the world's largest Coke bottler, and operates the OXXO convenience stores, said the acquisition was subject to regulatory approvals and was expected to close during the first quarter of 2019. Femsa will purchase Corporacion GPF through its majority-owned subsidiary Socofar, a Chile-based drugstore and distribution platform.

Why Naspers is a value stock

It's not all about the P/E. A recent article on Moneyweb noted that the largest holding in the SIM Value Fund is Naspers. This, the article noted, might raise some eyebrows, given that the media giant trades on a price-to-earnings (P/E) ratio of nearly 60.

Bhisho news: SIU probes 236 ‘dodgy' lease agreements

SIU probes 236 ‘dodgy' lease agreements : SIU deputy national head Caroline Mampuru told MPLs at the Bhisho legislature last week that this was part of an investigation into the national public works department. Source: "Bhisho" - BingNews . Axed EC hospital boss sues Bhisho over transfer row : Former Fort England CEO Dr Roger Walsh has taken the Eastern Cape health department to the labour court to demand his job back.

Fin24.com | Emerging markets face trade reality check after dollar breather

Uber in talks to buy Europe's Deliveroo - report The Margin: This 7-year-old's rendition of the national anthem has been called one of the best in history By fin24.com On 24 September 2018 · Leave a Comment Mounting US-China trade tensions and a shadow-banking imbroglio in India keeping investors on edge   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

DUMA GQUBULE: Ramaphosa's stimulus salad dressing lacks the ingredient business needs the most

Tiger Woods' victory came with ratings spike for NBC DUMA GQUBULE: Ramaphosa's stimulus salad dressing lacks the ingredient business needs the most By Business Day On 24 September 2018 · Leave a Comment Ramaphosa's recovery plan is long on structural reforms and short on macroeconomic policy tools to kickstart the economy (and keep ANC voters employed)   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Emerging markets face trade reality check after dollar breather

Mounting US-China trade tensions and a shadow-banking imbroglio in India are keeping investors on edge Monday, just as emerging markets showed signs of recovering from seven months of turmoil. Fresh from a week in which a gauge of developing-nation currencies had its best five-day stint since February as both stocks and bonds advanced, markets are now having to cope with the imposition of levies on another $200bn in Chinese goods and the fallout of missed payments by Mumbai-based IL&FS Group. Later in the week, traders will focus on interest-rate decisions in Indonesia and the Philippines and the tightening race in Brazil's election.

Is Lazy Marketing Hurting Your Business? Here's How You'll Know

SiriusXM is buying Pandora in a $3.5 billion deal Gold falls on firmer dollar after China halts trade talks While they may be shy to admit it, many a small businesses owner and entrepreneur are lazy when it comes to marketing, pinning their business on passive referrals and other more passive means of marketing. Read the full article here.

India struggles to soothe markets as liquidity concerns grow

(Adds statements from IL&FS and IL&FS Financial Services)By Abhirup Roy and Euan RochaMUMBAI, Sept 24 (Reuters) - Indian authorities sought to calm markets on Monday but investors paid little heed as fears that the non-banking financial sector is facing a credit crunch hit domestic bonds, stocks and the rupee, adding to Friday's selloff.Finance Minister Arun Jaitley tweeted that "the Government will take all measures to ensure that adequate liquidity is maintained/provided to the NBFCs," referring to the non-banking financial companies.His intervention came on the heels of assurances on Sunday from both the central bank, the Reserve Bank of India, and market regulator, the Securities and Exchange Board of India, that they were closely monitoring developments in financial markets and ready to act if needed.

Europe Markets: Deal news lifts Sky, Randgold, but trade worries weigh on Europe's stock index

A Travel Writer Who Doesn't Fly? Prepare to Challenge Your Beliefs on Adventure. Amazon Set to Become 3rd Largest Online Ad Seller in US By MarketWatch On 24 September 2018 · Leave a Comment European stocks struggle on Monday, weighed by renewed jitters, but there were some bright spots as mergers and acquisitions news buoyed shares of Sky and Randgold Resources.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Michael Kors nears $2 bn deal to buy Versace: reports

NEW YORK - Luxury brand Michael Kors is close to a deal to buy hallowed Italian fashion house Versace for about $2 billion, financial media reported Monday. Michael Kors, whose roots are in the United States but which is headquartered in London, could announce a deal as soon as this week, said the reports, which cited unnamed sources. Donatella Versace, the brand's artistic director and vice-president of the group, has called a staff meeting in Milan for Tuesday, according to the Corriere della Sera newspaper.

Accenture Interactive launches Fjord Johannesburg

Accenture has launched its first design and innovation studio on African soil, Fjord Johannesburg. The move significantly expands the company's design capabilities and demonstrates its commitment to unlocking Africa's innovation potential through the creation of experiences that redefine industries in our constantly evolving digital era. The new studio, opening in November, will be located at Accenture's new 3875m² offices in Waterfall.

Front Row with Deola Sagoe at AFI Joburg Fashion Week 2018

Johannesburg - Signalling the start of a new fashion calendar, the unequivocal AFI Joburg Fashion Week 2018, pioneering in luxury African fashion, is set to take place from 4 to 7 October 2018, and Nigerian born designer Deola Sagoe- a visionary with a unique approach to her craft; will lead a showcase on 05 October, following her creative evolution in the fashion industry over the years. What a better way to appreciate her trends and movements which have shaped the course of a modern woman. Deola Sagoe Ltd, has recently undergone re-branding to simply, Deola.

The problem with Harvard Business School case studies

Even if you didn't go to business school, you've probably heard of Harvard case studies and the Harvard case method, the pedagogical system of choice at one of the world's most elite business schools. In slim booklets, the cases, of which there are tens of thousands, lay out the strategic questions facing a major corporation, like Amazon, GE, or Pepsi. The scenarios they describe are real, all ripped from the business pages.

How Financial Advisors Grow Their Business By Tapping The Power Of Partnerships

Financial Advisor Business: A Blueprint For Forging Successful Partnerships Lifestyle Brands Are Building Hotels Now. Here's Why That Actually Makes Sense. By Investors Business Daily On 24 September 2018 · Leave a Comment When reflecting on their career, many financial advisors can cite the immortal words of Frank Sinatra: I did it my way.

Financial Advisor Business: A Blueprint For Forging Successful Partnerships

Financial Advisor Networking: Should You Join A Peer Group? How Financial Advisors Grow Their Business By Tapping The Power Of Partnerships By Investors Business Daily On 24 September 2018 · Leave a Comment Few people propose marriage on a whim. In the financial advisor business, the same goes for those who weigh whether to enter into a professional partnership. X It's more common to think carefully about the commitment you're considering — and examine the likelihood of its success.

Mbali Nkosi talks business and future ventures

Mbali Nkosi is on the industry takeover We were first introduced to Mbali Nkosi when she first made her debut on Big Brother Africa, and after later building a brand for herself after gaining a fan base through the TV show, she has since ventured into different platforms of entertainment and is now branching out into the business industry. Earlier this year, Mbali Nkosi launched a beauty bar as a co-founder alongside Thembi Seete and Sharon Kuzwayo, an unexpected move from the two personalities and their close friend. This unexpected collaboration between Thembi Seete and Mbali Nkosi highlighted their close relationship which spans as far back when Nkosi was still a backup dancer for Seete back in the day.

Nigeria's financial markets & economic growth

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.

Business Weekly Economic Index: Weekly Economic Index: Oil prices hit $81, investors hedge bets on Nigerian stock market

As Nigeria prepares for its general elections next year, the uncertainty surrounding its political economic climate has taken a heavy toll on its stock exchange. Foreign portfolio investors have withdrawn more than $400 billion from the Nigerian Stock Exchange between January and July this year, a larger amount than N236.32bn in the same period in 2017.

Germany on track for solid growth as business morale holds steady

* Ifo business sentiment index edges down to 103.7* Economists had expected bigger drop to 103.2* Strong domestic economy providing buffer* Consumer spending strong as manufacturing lags* Trade tensions, Brexit cloud growth outlook (Adds analysts, outlook)By Michael NienaberBERLIN, Sept 24 (Reuters) - Business morale held steady in Germany in September, propped up by consumer spending and construction, a survey showed, to leave the country on track for further growth even if a uncertain global economic outlook worsens.

High-nicotine e-cigarettes flood market despite FDA rule

(For more Reuters Special Reports, double-click on)By Chris KirkhamSept 24 (Reuters) - The sleek Juul electronic cigarettes have become a phenomenon at U.S. high schools, vexing educators and drawing regulatory scrutiny over their sweet flavors and high nicotine content.

BNP Paribas is strengthening its London investment banking team

BNP Paribas has made two new hires in London as it looks to strengthen its investment banking team while increasing its client coverage. John Bigham, a veteran investment banker with over 25 years of experience who previously headed Nomura's natural resources and power for EMEA, joined the French bank as a managing director. He will be handling client coverage for the firm.

SPECIAL REPORT-High-nicotine e-cigarettes flood market despite FDA rule

(For more Reuters Special Reports, double-click on) By Chris Kirkham Sept 24 (Reuters) - The sleek Juul electronic cigarettes have become a phenomenon at U.S. high schools, vexing educators and drawing regulatory scrutiny over their sweet flavors and high nicotine content.

Zimbabwe:Forex Shortage Hits Multichoice

[Zimbabwe Standard] MULTICHOICE Zimbabwe s holding company, Naspers, says Zimbabwe is one of three countries holding cash balances and trade receivables of nearly $131 million for its financial year ended March 31, 2018 due to the limited availability of foreign currency..

Investment trip to Namibia: The insights of local knowledge expose risks

Below is a trip note  published  by Old Mutual Investment Group following a visit by its Equities team to Namibia. We visited Namibia knowing that the macroeconomic indicators were not looking too healthy. The economy went backwards in 2017, government continues to struggle to rein in spending, there was drought, house prices are slipping and the only real loan growth is in payroll lending to government employees.

Sky, Randgold surge on deals while trade war weighs on FTSE 100

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct* Sky jumps as Comcast wins auction* Randgold rises on Barrick Gold deal* Thomas Cook sinks on profit outlook cutBy Helen ReidLONDON, Sept 24 (Reuters) - Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Comcast finally clinching a takeover of Sky, and Randgold Resources agreeing a tie-up with Barrick Gold.Britain's top stock index fell 0.

German business morale falls less than expected in September

(Adds quotes, sector breakdown)BERLIN, Sept 24 (Reuters) - German business morale deteriorated less than expected in September, a survey showed on Monday, suggesting that company executives have become somewhat less confident about the growth outlook of Europe's biggest economy.The Munich-based Ifo economic institute said its business climate index fell to 103.7 from a revised 103.

Morgan Stanley raises emerging markets stance to Neutral from Negative

LONDON, Sept 24 (Reuters) - Morgan Stanley said on Monday it had changed its stance on emerging bonds and currencies to neutral from negative following the recent selloff, though it warned the backdrop for developing markets remained difficult. "After a significant sell-off, we close our bearish view on EM and shift into neutral gear," strategist James Lord said in a note to clients. "We can see the case for some temporary stability after a six-month bear market.

EMERGING MARKETS-Rally runs into resistance as trade war stress returns

* MSCI EM stocks index falls for first time in five sessions * Trade war worries return as tariffs kick in * Oil jump boosts Russia's rouble, weighs on lira, rupee By Marc Jones LONDON, Sept 24 (Reuters) - Emerging markets sobered up on Monday after last week's mini bounce, with the significant drags of an escalating Sino-U.S. trade war and another U.

Sky, Randgold surge on deals while trade war weighs on FTSE 100

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 down 0.1 pct * Sky jumps as Comcast wins auction * Randgold rises on Barrick Gold deal * Thomas Cook sinks on profit outlook cut By Helen Reid LONDON, Sept 24 (Reuters) - Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Comcast finally clinching a takeover of Sky, and Randgold Resources agreeing a tie-up with Barrick Gold. Britain's top stock index fell 0.

Australian shares end lower as materials, financials falter; a2 Milk drags NZ

* Materials fall as copper prices slip* Financials hit by latest round of inquiry into sector* a2 Milk pushes NZ lower (Updates to close)Sept 24 (Reuters) - Australian shares edged down on Monday, as lower commodities prices hit materials stocks while financials slipped on fresh revelations of wrongdoing in a high-profile probe into the sector.The S&P/ASX 200 index eased 0.1 percent or 7.

Markets should brace for a lengthy convalescence, BIS warns

(Repeats Sunday's story without changes)By Marc JonesLONDON, Sept 23 (Reuters) - Financial markets need to gird for a lengthy spell of turbulence as more of the world's top central banks begin shutting down stimulus programmes and raising interest rates, the Bank for International Settlements said in its latest report.A decade after the collapse of Lehman Brothers ignited the global banking crisis, the Switzerland-based central bank umbrella group likened this year's market volatility to the reaction of a patient coming off strong medicine.There could be more turbulence ahead with U.

Oil could rise to $100 by 2019 as global markets tighten, merchants warn

* Mercuria says market could lose 2 mln bpd of oil in Q4* Market volatility coming in Q4 due to uncertainty over sanctions (Adds quote, J.P. Morgan outlook)SINGAPORE, Sept 24 (Reuters) - Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore.

Zama Ngcobo launches business show on SABC3

Scoop & Bontle Will Co-Host A Hip-Hop Show On YFM - The Rodeo! On Sunday October 7th YFM adds a brand new Hip Hop show to its line-up. The Rodeo will see hosts Siyabonga "Scoop Makhathini" Ngwekazi and Bontle Modiselle take over the airwaves every Sunday, from 6pm through to 10pm. The 4-hour show is dedicated solely to the Hip Hop genre, both locally and globally.

Cherish and defend hard-won freedom, pope tells Latvians

RIGA, Latvia (Reuters) - Pope Francis on Monday urged Latvians, who broke with the Soviet Union nearly 30 years ago, to cherish their hard-won freedom and to not forget the sacrifices of those who died for it. Pope Francis and Latvian president Raimonds Vejonis attend a welcoming ceremony for Pope Francis in Riga, Latvia, during the second leg of Pope Francis' trip to the Baltic states, September 24, 2018. REUTERS/Max Rossi Francis is visiting Lithuania, Latvia and Estonia, three countries who are looking warily towards what they fear is a newly hostile Russia.

Top 5 reasons why South Africans make memorable marketing: #HeritageDay

I recently gave a cause marketing presentation to Amasa in Cape Town at the Red and Yellow School and it struck me that there's a unique synergy between our diversity and our advertising. So, in honour of Heritage Month here are my top five reasons why South Africans make memorable marketing. Screengrabs from Youtube.

Dress That Baby Bump: Pregnant Slayers of The Week

What a better way to shape the course of a modern woman? Deola Sagoe will be showcasing her designs at the African Fashion International Joburg Fashion Week in October. Signalling the start of a new fashion calendar, the unequivocal  Joburg Fashion Week 2018 , pioneering in luxury African fashion, is set to take place from 04-07 October. The Nigerian born designer who is known as a visionary with a unique approach to her craft will lead a showcase on 05 October, following her creative evolution in the fashion industry over the years.

Positive insights at Richfield's flagship research conference

World-class keynote speakers were present at the Richfield Graduate Institute of Technology Research Conference (RGITRC 2018), which was held at the L'Aperitivo Conference Centre in Umhlanga Ridge, recently. The theme for the conference was ‘Rising to the IT challenge- setting new norms for transformational change in education, business and leadership'. The main focus of the conference was to reflect Richfield Graduate Institute of Technology as being a centre of excellence and provider of world class skills in Africa.

Australian mining's macho image worsens pain of labour shortage

Industry faces shortage of specialised workers. When the song "Eagle Rock" played at a bar in an outback Australian mining town of Kalgoorlie late one night, a dozen young men scattered around a pool table dropped their trousers and heartily sang along in their underwear. Later that night, they piled behind the counter of the bar attached to the Western Australian School of Mines (WASM), singing an anthem that began, "We are engineers," and finished with an obscene description of how they treat women.

UPDATE 2-Oil could rise to $100 by 2019 as global markets tighten, merchants warn

(Adds Mercuria forecast) SINGAPORE, Sept 24 (Reuters) - Oil prices could rise towards $100 per barrel by 2019 as U.S. sanctions against Iran tighten markets, commodity merchants Trafigura and Mercuria said on Monday at the annual Asia Pacific Petroleum Conference (APPEC) in Singapore.

Turbulent times ahead for markets

South Africans are seeing the effects on their investment returns of the increased volatility and uncertainty in markets. From a global perspective, emerging markets remain under pressure. Hopefully, as we get clarity on the ongoing disputes on import tariffs between the US and China it will provide some much-needed positive momentum to turn the flow of money back again to emerging markets.

South Africa's Life Healthcare not ruling out return to India after Max disposal

JOHANNESBURG (Reuters) - South African private hospital group Life Healthcare has said it is not ruling out a return to India after selling the firm's entire stake in Max Healthcare, in an effort to focus on its operations elsewhere. The hospital group said on Wednesday it will sell its entire 49.7 percent stake in India's Max Healthcare to global investment firm KKR & Co.

Thorts - Legal opinions - a potentially powerful business tool

Thorts - Legal opinions - a potentially powerful business tool Published Date: 2018-09-21 | Source: DealMakers | Author: Shamilah Grimwood-Norley, Anton Barnes-Webb, Jason Wilkinson | 0 Comments Thorts - Legal opinions - a potentially powerful business tool In debt finance transactions, the issuance of legal opinions is sometimes perceived as a perfunctory, final step in the closing process. However, from the perspective of the opinion recipients (usually the lender group), a legal opinion, or more specifically the engagement around the content of the legal opinion, is a valuable tool. Used early on in the negotiation of the debt finance documents, an opinion may identify positions that the lender group may optimally leverage to mitigate their risks.

Young eco-warrior opens own steel straw business

Alyx Currin, 10, will sell her products at the Fine and Fishy market When 10-year-old Alyx Currin watched a YouTube video of a plastic straw being pulled out of a turtle's nose, she realised she had to do her bit for the environment. But it was when she watched a local production, The Last Straw, that the youngster had her lightbulb moment. The environmentally conscious East London girl decided to kill two birds with one stone - save the environment and sea creatures, and make money in the process.

The Small Business Corner: SynerChi ORGANICS

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.

PRESS DIGEST-New York Times business news - Sept 24

Sept 24 (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. - Oil producers led by Saudi Arabia and Russia signaled that they did not see any rush to increase output, despite pressure from U.

Australia shares fall as probe hits financials; a2 Milk pushes NZ lower

* Financials fall on inquiry into industry* Materials fall on lower copper prices* a2 Milk pushes NZ downBy Aditya SoniSept 24 (Reuters) - Australian shares weakened on Monday as lower commodities prices weighed on materials stocks and banks and insurers slipped following findings by a high-profile probe into the financial sector.The S&P/ASX 200 index fell 0.2 percent or 11.

Barrick Gold is in late-stage talks to buy Randgold Resources -source

(Updates sourcing)By John Tilak and Susan TaylorSept 23 (Reuters) - Canada's Barrick Gold Corp is in late-stage talks to acquire Randgold Resources Ltd, which operates mines in Africa, a person familiar with the matter said on Sunday.A deal is expected to be announced within the next day, said people with knowledge of it. Mark Bristow, the chief executive of Randgold, will become CEO of the combined company, one of the sources said.

BUSINESS: Are China's financial dealings in Africa a debt trap or bailout?

President Uhuru Kenyatta and Chinese President Xi Jinping and the Kenyan delegation after the bilateral talks during the recent visit to China. There has been debate on whether China's financial presence in a Africa is a debt trap or a bailout. PHOTO | COURTESY  DAILY NATION - The dust on the Focus on China-Africa Co-operation (Focac) Summit held in Beijing earlier this month may have died down.

UPDATE 1-Barrick Gold is in late-stage talks to buy Randgold Resources -source

(Updates sourcing) By John Tilak and Susan Taylor Sept 23 (Reuters) - Canada's Barrick Gold Corp is in late-stage talks to acquire Randgold Resources Ltd, which operates mines in Africa, a person familiar with the matter said on Sunday. A deal is expected to be announced within the next day, said people with knowledge of it. Mark Bristow, the chief executive of Randgold, will become CEO of the combined company, one of the sources said.

Unembargoed: September 21 to 27

Cyril accused of double standards Ramaphosa hits out at Magashule as critics decry his handling of bribery in his camp Ajay denies he met Jonas The Gupta brother's affidavit also states he offered his cellphone records to the former public protector Thuli Madonsela, a claim she rubbishes ‘Jobs premier' Winde wins DA race for top post in Western Cape record Western Cape MEC for economic opportunities Alan Winde outlasted his opponents in the battle for Democratic Alliance premier candidate. Slice of life: Lux stood for 1994. That's when it fell ‘What the Lux stood for was 1994 — to bring everyone together.

Markets should brace for a lengthy convalescence, BIS warns

LONDON, Sept 23 (Reuters) - Financial markets need to gird for a lengthy spell of turbulence as more of the world's top central banks begin shutting down stimulus programmes and raising interest rates, the Bank for International Settlements said in its latest report. A decade after the collapse of Lehman Brothers ignited the global banking crisis, the Switzerland-based central bank umbrella group likened this year's market volatility to the reaction of a patient coming off strong medicine. There could be more turbulence ahead with U.

Kuwait down ahead of FTSE entry, other Middle East markets mixed

* Kuwait falls ahead of FTSE entry* Orascom Investments soars in Egypt* Saudi Arabia closed for national dayDUBAI, Sept 23 (Reuters) - Kuwait's stock market fell on Sunday, pausing after recent gains ahead of joining of the FTSE Russell emerging market index this week, which is expected to draw investment from passive funds.Entry to the emerging market index will be in two phases, on Sept. 24 and Dec.

MIDEAST STOCKS-Kuwait down ahead of FTSE entry, other Middle East markets mixed

* Kuwait falls ahead of FTSE entry * Orascom Investments soars in Egypt * Saudi Arabia closed for national day DUBAI, Sept 23 (Reuters) - Kuwait's stock market fell on Sunday, pausing after recent gains ahead of joining of the FTSE Russell emerging market index this week, which is expected to draw investment from passive funds. Entry to the emerging market index will be in two phases, on Sept. 24 and Dec.

Kuwait falls ahead of FTSE entry, other Gulf markets mostly rise

DUBAI, Sept 23 (Reuters) - Kuwait's stock market fell on Sunday, pausing after recent gains ahead of joining of the FTSE Russell emerging market index this week, which is expected to draw passive fund inflows.Kuwait will join the emerging market index in two phases, on Sept. 24 and Dec.

Mediclinic Parkview Hospital opens in Dubai

Mediclinic Parkview Hospital, a brand new 182-bed in- and outpatient facility has opened in Dubai six months ahead of the original schedule.   Part of Mediclinic Middle East, Mediclinic Parkview Hospital joins Mediclinic City Hospital and Mediclinic Welcare Hospital as the group's third hospital in Dubai and seventh in the UAE.   The project, which took two and a half years to build, is the largest greenfield construction project by value ever undertaken by Mediclinic International, Mediclinic Middle East's South Africa-based parent company that is Listed on the London Stock Exchange.

Ramaphosa's stimulus plan disappointing - SAFTU

Real cause of crisis is economy's domination by still overwhelmingly white-owned monopoly capitalist class SAFTU's response to Ramaphosa's Economic Stimulus and Recovery Plan The South African Federation of Trade Unions is deeply disappointed with President Ramaphosa's Economic Stimulus and Recovery Plan.  It is a statement of business as usual, based on the same failed policies which have caused the economic catastrophe of unemployment, poverty and inequaity, and a plan which will do nothing improve the lives of the majority of South Africans. It in no way recognizes the depth of the crisis, revealed most recently by the fact that for the second quarter in succession, the country's GDP - the value of goods we produce - declined.

Fin24.com | MultiChoice BEE scheme gains R3.8bn

In a few years we're probably not going to have enough doctors to treat our aging population I Went to McDonald's to Try the New Menu Item Customers Are Angry About. It Was a Shock By fin24.com On 23 September 2018 · Leave a Comment The value of MultiChoice SA's empowerment scheme Phuthuma Nathi, which has a 20% stake in the company, gained as much as R3.

TalkCentral: Ep 235 - ‘MultiChoice 2.0'

On TalkCentral this week, and Regardt van der Berg unpacks Naspers's decision to unbundle MultiChoice to shareholders and list it on the JSE. What does this mean for the future of the pay-television operator?.

"Denel liquidity fightback begins - battle template on hand" - BizNews

And four other of the top stories on Alec Hogg's business news website, 23 September 2018 JOHANNESBURG - The five best read stories on Alec Hogg's BizNews.com, Sunday, 23 September 2018: 1. Denel liquidity fightback begins - battle template on hand 2.

Nel: SA making progress in urbanisation policy

South Africa has made significant inroads in the implementation of the country's Integrated Urban Development Framework (IUDF) policy, Cooperative Governance and Traditional Affairs (Cogta) Deputy Minister Andries Nel says.  Nel recently met with Swiss Ambassador Raymond Furrer, who is the head of the Swiss Economic Cooperation and Development (SECO) in Bern.  Cogta said the purpose of the engagement was to discuss matters related to the implementation of the policy and the support Switzerland can offer.

Driver seriously injured in head-on collision, Vereeniging

Gauteng: At 22H34 Saturday night Netcare 911 responded to reports of a serious collision on the R541 Houtkop Road, Vereeniging. Reports from the scene indicate that two light motor vehicles were involved in a head on collision. One adult male sustained serious injuries and the other male both drivers sustained moderate injuries.

Zimbabwe's economy is worsening

Zimbabwe's economy is deteriorating after the swearing in earlier this month of a new Cabinet, which has technocrats and fresh faces. At the same time, the parallel market - or black market - for foreign currency is imploding, prices in the country are spiking and business executives are complaining of increased delays in payment for crucial imports owing to foreign currency shortages. President Emmerson Mnangagwa appointed a leaner Cabinet with 20 ministers, down from about 33 in the previous administration.

MultiChoice BEE scheme gains R3.8bn

The value of MultiChoice SA's empowerment scheme Phuthuma Nathi, which has a 20% stake in the company, gained as much as R3.8 billion this week on the news that Naspers would unbundle video interests into a new group called the MultiChoice Group. The Phuthuma Nathi scheme consists of 67.

Fin24.com | MultiChoice BEE scheme gains R3.8bn

The value of MultiChoice SA's empowerment scheme Phuthuma Nathi, which has a 20% stake in the company, gained as much as R3.8 billion this week on the news that Naspers would unbundle video interestsinto a new group called the MultiChoice Group..

Bhisho news: Peddie killer sentenced

Peddie killer sentenced : Two Peddie brothers and their cousin, who were in May found guilty of kidnapping, robbing and murdering their sister-in-law in January 2017, were on Friday slapped with lengthy jail terms by the Bhish… Source: "Bhisho" - BingNews . Chaos erupts at council meeting : The assets were later auctioned to pay some of the Milowo debt. Friday's meeting comes after workers on Thursday chased out Bhisho appointed administrator Vuyo Mlokoti, while he was busy in a meeting … Source: "Bhisho" - BingNews .

How to get South Africa out of recession

Since 2011, South Africans have experienced weak economic growth, high unemployment, low commodity prices, declining investment levels, greater household dependency on credit and policy uncertainty. This period has seen people's fortunes drop considerably, dragging some families down into poverty. More than half of South Africa's population was poor in 2015, with the poverty headcount having increased to 55.

Forget not the crimes of state capture

It must be hoped that honour, that essential human attribute, does not eventually suffer the fate of the dinosaur, especially among Homo sapiens of the subspecies "safricans". William Shakespeare states that when Julius Caesar saw Brutus, his friend and protégé, in the company of assassins, his shocked reaction was: "Et tu, Brute?" (Even you, Brutus?) Brutus had agreed to participate in the assassination of Caesar, convinced that his continued rule would lead to the ruin of Rome. In the event, Caesar's death plunged the Roman Republic into a bloody civil war.

Activists, Sasol head for supplier showdown

A battle between petrochemical giant Sasol and an economic transformation lobby group is looming after the latter's attempt to strong-arm the company into releasing its list of suppliers and contracts was turned down. The Practical Radical Economic Transformation of SA (Pret SA) - a lobby group which claims to have 1.1 million unemployed youths as its members - failed to get a "satisfactory answer" from Sasol.

Adapting equity positions quickly is key

Only by comprehending the need for quick equity position changes and risk in full, can equity portfolio managers manage it correctly. Managing assets, understanding risks and having the ability to adapt equity positions quickly in a portfolio is crucial to minimising losses and improving profit opportunities. Simultaneously, it's crucial to trade the positions at fair prices without high transaction costs.

Nice from far: tips for offshore investing

Almost 500 approved funds buy you a piece of the action abroad Poor returns from local markets, the recession and government policies on land reform and the mining charter may be leading you to think about exporting some of your hard-earned investments to foreign lands. Advisers will tell you these aren't the best reasons for investing offshore, but none will deny that diversifying your investments is a good idea. Investing offshore gives you access to markets and industries that are not available in SA, away from shares and bonds that are often subject to market sentiment affecting emerging-market countries.

Wide gulf divides decade's best and worst equity funds

Investors face difficult task deciding where they'll get best returns There is a wide difference between the returns of the best and worst performing South African equity unit trust funds over the past decade that translates into millions of rands when investment outcomes are compared, a committee of investment actuaries says. Picking one of five lemons of the past decade would have earned you returns that failed to even keep up with inflation, essentially losing you money in real terms, the investment committee of the Actuarial Society of South Africa (ASSA) found when researching the performance of South Africa's 70 general equity unit trust funds with a 10-year track record. Diversifying across managers using a multi-manager or fund of funds is a way to avoid ending up with the losers, but it is unlikely to earn you the returns you could earn from the top managers in the pack.

Driver escapes injury after rolling bakkie in Hillcrest

KwaZulu-Natal: At approximately 15H00 Saturday afternoon Netcare 911 responded to reports of a collision on Abrey road just off the M13 Hillcrest. Reports from the scene indicate that an adult male lost control of his light delivery vehicle resulting in a rollover. The patient fortunately escaped injury and after assessment declined ambulance transportation to hospital.

Mother and son escaped serious injury after losing control of car on Ashley road, Everton

KwaZulu-Natal: At 14H00 Saturday afternoon Netcare 911 responded to reports of a collision on Ashley road, Everton. Reports from the scene indicate that an adult female lost control of her vehicle leaving the road and knocking into a wall down an embankment. A 6-year-old boy who was a passenger in the vehicle escaped injury.

Joshua does the business in retaining heavyweight title

Britain's Anthony Joshua retained his world heavyweight titles by inflicting the first stoppage defeat of Alexander Povetkin's professional career with a ruthless seventh-round finish at Wembley Stadium on Saturday. A previously close contest turned in Joshua's favour decisively when he sent the Russian crashing to the canvas with a straight right hand and left hook. Povetkin gamely beat the count but Joshua piled in before referee Steve Gray stopped the contest at one minute and 59 seconds of the seventh round.

A Microsoft exec holds business meetings while running — and goes just fast enough that her negotiating partners can't tal

Microsoft executive Peggy Johnson uses her love of running to get the upper hand in business negotiations. Business Insider/Michael Seto Microsoft executive Peggy Johnson is an avid runner. In an interview with the Wall Street Journal, Johnson told reporter Jen Murphy that she likes to run with customers, and " to go just fast enough so they can't talk much and I can dominate the conversation.

Edenview Business Forum to launch

Edenview Business Forum will host its launch on October 3. The event will be held at Mercure Hotel, Bradford Street, Bedfordview. It will begin at 6pm and international speaker and author, Justin Cohen, will be the guest speaker for the day.

NDZ backs Cyril with breakthrough meeting between business, presidency

Nkosazana Dlamini-Zuma is emerging as one of President Cyril Ramaphosa's key ministers after she helped engender a breakthrough meeting between the presidency and 60 chief executives of some of South Africa's major corporations at the Union Buildings on Friday. The meeting followed Ramaphosa's announcement earlier that day outlining his government's plans to revitalise the economy. The meeting was the fourth of its kind held over the past month and involved Dlamini-Zuma, Economic Development Minister Ebrahim Patel, various senior government officials, and captains of industry and commerce.

PE Business in the news: Nelson Mandela Bay businessman in line for top award

: Promote your business on BuyPE and MyPR. Nelson Mandela Bay businessman in line for top award: QUINTON Uren, managing director of Port Elizabeth-based global technology company Jendamark Automation, has been named a finalist in the prestigious All Africa Business Leaders Awards at an event in J… Source: "Port Elizabeth" business - BingNews. Businesses For Sale […] - MyPE News Submit and get free press releases here: MyPR Free Press Release .

PE Business in the news: Nelson Mandela Bay businessman in line for top award

Promote your business on BuyPE and MyPR . Nelson Mandela Bay businessman in line for top award : QUINTON Uren, managing director of Port Elizabeth -based global technology company Jendamark Automation, has been named a finalist in the prestigious All Africa Business Leaders Awards at an event in J… Source: "Port Elizabeth" business - BingNews . Businesses For Sale in Port Elizabeth : I have a business that has a few different divisions.

JSE tweaks its rules in wake of Steinhoff scandal

The Johannesburg Stock Exchange this week announced proposed changes to its listing requirements in response to Steinhoff and other scandals that its chief executive Nicki Newton-King called a "fundamental relook at the philosophical underpinnings" of the exchange's rules. One vocal critic of the JSE's recent listings, asset manager Sygnia's chief executive Magda Wierzycka, however called it a "PR stunt". "There are so many inconsistencies about what they say and do that it's laughable," she told City Press.

Aspen Pharma suffers week of woe as valuation tumbles by R45bn

Share price has dropped by 35% in just over a week. Aspen Pharmacare has lost about R45 billion of its market value in just over a week in a sell-off sparked by concern over the South African company's debt and the sale of its baby formula business. The company's share price has tumbled more than 35% since it posted full-year results and announced the baby milk disposal to French dairy group Lactalis.

Biker injured in collision on the R42 Vereeniging.

Gauteng: At 08H22 Saturday morning Netcare 911 responded to reports of a collision on the R42 Vereeniging. Reports from the scene indicate that a motorcyclist swerved to avoid a car. A 22-year-old female sustained minor injuries and a male in his late twenties escaped injury in the collision.

For the first time in years, income at South African fast food franchises has seen a big drop

Fast food has been the go-to franchise opportunity in South Africa for close to a decade. Fast food franchises in the country typically cost anywhere from R500,000 and R6 million to open, and have proven to be the bright spot for the franchise sector. In 2017, the franchising sector consisted of 845 franchisors and over 40,000 franchisees.

Cyril's R50bn plan ‘tokenistic, will benefit big business'

President Cyril Ramaphosa's Economic Stimulus and Recovery Plan is more of a shift and reprioritisation in budget than an actual stimulus package, with some elements that could be easily implemented, while the remainder might not see immediate results, an economist said. Another economist has described the plans as "tokenistic", and warned that it could serve to benefit big business much more than ordinary South Africans. Ramaphosa introduced the plan yesterday at the Union Buildings, where he announced measures to improve the economy after the country entered a recession in the second quarter of this year.

Wikipedia article of the day for September 22, 2018

The Wikipedia article of the day for September 22, 2018 is Guy Burgess. Guy Burgess (1911-1963) was a British diplomat and Soviet agent, a member of the Cambridge Five spy ring that operated from the mid-1930s to the early years of the Cold War. His defection in 1951 to the Soviet Union, with his fellow-spy Donald Maclean, led to a serious breach in Anglo-American intelligence co-operation, and caused long-lasting demoralisation in Britain's foreign and diplomatic services.

Bhisho news: Union takes tough stand against Mgijima top official

Union takes tough stand against Mgijima top official : Samwu members demanded the removal of Vuyo Mlokoti. The action by the municipal workers' union comes as Enoch Mgijima prepares to go to court to fight a decision by Bhisho to place the Komani-based mu… Source: "Bhisho" - BingNews . Bhisho, metro offer to clear debts of hundreds of poor residents : Hundreds of Motherwell and Uitenhage residents whose homes were repossessed could get them back after Bhisho and the Nelson Mandela Bay municipality stepped in.

Fin24.com | Be the Branson of business, the Clarkson of cars

Fin24.com | The 4 sectors getting a boost from Ramaphosa's stimulus package THE LEX COLUMN: BAT and vaping are not giving companies a cigarette break By fin24.com On 22 September 2018 · Leave a Comment With knowledge and no personality, you're just a specialist.

Alexa is the future of Amazon's consumer business

Amazon released more products this week than I've ever seen announced at once by a tech company. The pace was dizzying: At an event at its Seattle headquarters, it announced a new product about every five minutes for an hour and a half. Almost all of those products were focused around Alexa, its virtual voice assistant.

SMALL BUSINESS BLUES

AS the outlook of the mainstream economy seems to be all doom and gloom, it is important for small businesses to get the important attention they need to succeed. Donna Rachelson, CEO of Seed Academy, the small business promoters, said that according to their survey on entrepreneurs, the number of thriving small businesses is increasing but too slowly. "On average, South African entrepreneurs employ between two and four people but their impact on their local economy remains small.

New WhatsApp backup could put business chat groups at risk of data breach

Global instant messaging platform, WhatsApp, has recently partnered with file storage service, Google Drive, to release a new back up facility whereby WhatsApp users will effectively get unlimited storage to back up chats, photos, and other media. While the new feature is great for space-saving, there is concern that it could leave WhatsApp chats and the data contained within them vulnerable to hackers. With the creation of business-related WhatsApp groups becoming something of a norm in today's digitally-connected society, Simone Dickson, director within the Technology and Sourcing practice at commercial law firm Cliffe Dekker Hofmeyr, says that businesses need to be especially aware of the inherent data security risks associated with using these social platforms.

Business aims to upskill local SMMEs

CELTICO (Pty) Ltd, a local clothing design house that supplies national retail chains, has committed to provide free business development training for a three year period to six qualifying businesses. "We are passionate about growing local businesses as we believe they play an imperative role in job creation and economic growth for our province," say Julienne Prozesky and Alex Roberts, owners of Celtico. For applicants to be considered the business must have been in operation for at least two years, it must have a minimum 51 per cent black ownership, make a turnover of between R2 million and R10 million per annum, must be preferably Durban-based and must be committed to the three year development training programme.

Be the Branson of business, the Clarkson of cars

What do these all have in common? A raucous Iron Maiden concert in South America, Nigella Lawson cooking up a storm while casting off sensual one-liners; Jeremy Clarkson colliding with just about everything, sideways and at high-speed, in the newest Lamborghini; Arnold Schwarzenegger pumping iron until his jugular throbs; and a professor in Canada who refuses to bow to politically correct gender norms? Oh, and Julius Malema? For one very specific reason or another, all stand out in their industries. And all are the subject of a new South African business book focusing on how individuals and brands go about becoming industry leaders:  What Makes Them Great? 50 Ways to Become an Industry Leader , where I took apart the nuts and bolts of what makes certain people stand out - and presented them as 50 techniques. So what's it all about? 'You have to be odd to be number one' - Dr Seuss Is there a recipe to be outstanding? Isn't it by definition - well - exceptional? In theory, you can become the Branson of business, the Clarkson of cars, the Schwarzenegger of bodybuilding.

Business-to-business fair aims to create partnerships across borders

China Homelife and China Machinex are the most effective sourcing platforms for buyers seeking to do business with leading Chinese companies and manufacturers. This year's China Homelife and China Machinex co-located shows, hosted at Gallagher Convention Centre from the 26th to the 28th of September, are the most effective sourcing platforms for buyers seeking to do business with leading Chinese companies and manufacturers and equally so for the Chinese manufacturers to showcase their diverse array of quality products to the Southern African buyers. Through these business-to-business fairs, potential partnerships between buyers in Africa and relevant superior suppliers and manufacturers in China can be identified and harnessed to ensure strategically aligned and mutually beneficial trade relationships.

Cyril's R50bn plan ‘tokenistic, will benefit big business'

President Cyril Ramaphosa's Economic Stimulus and Recovery Plan is more of a shift and reprioritisation in budget than an actual stimulus package, with some elements that could be easily implemented, while the remainder might not see immediate results, an economist said. Another economist has described the plans as "tokenistic", and warned that it could serve to benefit big business much more than ordinary South Africans. Ramaphosa introduced the plan yesterday at the Union Buildings, where he announced measures to improve the economy after the country entered a recession in the second quarter of this year.

Business This Nigerian startup is tackling the issue of counterfeit drugs in Nigeria

Vivian Nwakah and Temitope Awosika are the founders of The startup also Both founders, Nwakah and Awosika have witnessed and experienced situations that made them decide setting up a platform like theirs was necessary; Nwakah lost a friend to fake malaria medication four years, and having worked in a hospital, Awosika has seen firsthand how difficult access to certain medications can be. These issues prompted Nwakah to discuss with hospitals and pharmacies in Lagos and also reach out to drug manufacturers around the world to learn what the problem was. "I talked to hospitals and pharmacies across the Lagos area to understand what their challenges were, if any, around purchasing or procuring medication," What she realized as a fundamental problem is what she termed a "disjointed chaotic supply chain issue"; while manufacturers struggle to get their medication to and across the country due to a lack of transparency and distribution, hospitals and pharmacies are working with too many wholesale distributors to get all the drugs they need.

Creating Your Own Successful Bitcoin Business-Part 30

: 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 […].

Whiskey Business: At a chaotic UFC presser, Conor McGregor shills for his new booze brand

Why Did Mike Pompeo Slash the Number of Refugees Allowed in the United States? Earnings Outlook: Nike preview: Back on track and getting a boost from Colin Kaepernick campaign By Advertising Age On 21 September 2018 · Leave a Comment In his inimitable, merrily profane fashion, UFC standout Conor McGregor on Thursday night hijacked a press conference for his upcoming pay-per-view brawl to shill for his new Irish whiskey brand, Proper No. Twelve. Speaking from the dais at New York's Radio City Music Hall, the 30-year-old McGregor made use of the crowd of journalists gathered to take in the hoopla surrounding the Dublin fighter's Oct.

PE Business in the news: ‘Lack of funding from China and SA halted BaicSA work'

Promote your business on BuyPE and MyPR . ‘Lack of funding from China and SA halted BaicSA work' : The source was referring to major contractors stopping work at the BaicSA site near Port Elizabeth on August 31 … which was called by BaicSA and the Business Support Committee, a body for … Source: "Port Elizabeth" business - BingNews . Maimane says appeal possible in Trollip court case : PORT ELIZABETH - The DA's yet to decide on a way forward after … Mabuza Trump right to be concerned on land expropriation: AfriForum Cabinet calls on business to assist in economic stimulus Visit si… Source: "Port Elizabeth" business - BingNews .

PayPal ends business dealings with Alex Jones's Infowars

Sept 21 (Reuters) - Payments processor PayPal Holdings Inc said on Friday it decided to end its business relationship with popular U.S. conspiracy theorist Alex Jones's Infowars website after finding instances of hate speech and discriminatory content on the site.

Jendamark MD to vie for prestigious African business leadership award - MyPR.co.za

: Jendamark MD to vie for prestigious African business leadership award: Jendamark Automation managing director Quinton Uren has been named a finalist in the Industrialist of the Year category for the All African Business Leaders Awards. Quinton Uren, managing director of Port Elizabeth-based global technology company Jendamark Automation, was named a finalist in the prestigious All […] - MyPE News Submit and get free press releases here: MyPR Free Press Release . Click here to list your business on BuyPE.

Naspers will sell MultiChoice shares and create new company

After more than three decades of dominating the market, African pay-TV heavyweight MultiChoice Group is facing an uncertain future. It's been discarded by its globe-trotting parent Naspers Ltd. The parent company will spin off MultiChoice in Johannesburg next year, to create a newly listed company.

Business Egypt could become the largest producer of liquefied natural gas in Africa

According to Reuters, Egypt's petroleum ministry revealed that a deep-water oil and gas exploration deal for 8 wells worth around $1 billion has been signed with Royal Dutch Shell and Malaysia's Petronas in the West Nile Delta of the country. The oil and gas sector is a major contributor to the country's economic growth, attracting both public and private investments. In 2016 and 2017 respectively, it accounted for approximately 16 percent of the country's GDP and 30 percent of the foreign direct investments.

Tapping into the Real Power that Drives your Business

Stan Slap is a renowned thought leader in gaining jaw-dropping commitment from your manager, employee and customer culture; the three groups that are deciding the success of your business while you read this sentence. He wrote the New York Times and Wall St. Journal bestselling books on business culture.

Jendamark MD to vie for prestigious African business leadership award - MyPR.co.za

Jendamark MD to vie for prestigious African business leadership award : Jendamark Automation managing director Quinton Uren has been named a finalist in the Industrialist of the Year category for the All African Business Leaders Awards. Quinton Uren, managing director of Port Elizabeth -based global technology company Jendamark Automation, was named a finalist in the prestigious All Africa Business Leaders Awards at an event in Johannesburg last night [Thursday, September 20]. Uren, 53, will now represent the Bay - and the Southern African region - in the Industrialist of the Year category at the eighth annual continental awards on November 29.

Business ready to assist govt in stimulus plan implementation

Business and analysts have welcomed government's plan to stimulate the country's ailing economy. President Cyril Ramaphosa announced measures that government will be adopting to pull the South African economy out of recession . Briefing media at the Union Buildings in Pretoria, President Ramaphosa announced that government planned to reprioritise R50 billion in spending to fund the plan.

Here's How I Make Every Single Second Count After a Business Conference

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COSATU urges SA govt and business to engage meaningfully

COSATU says government and business need to engage meaningfully on a mass job creation programme and economic stimulus. The Labour Federation says if business and government fail to do so, it would reduce the Job Summit to another talk shop. For more news, visit: sabcnews.

One killed in head-on crash on Flowers road in Capital Park.

Pretoria: At 19H15 Friday evening Netcare 911 responded to reports of a collision on Flowers road in Capital Park. Reports from the scene indicate that two light motor vehicles were involved in a collision. Sadly one adult male was declared deceased on the scene and another adult male sustained moderate injuries.

1 Dead, 3 others injured in fiery taxi vs bakkie crash

KwaZulu-Natal: At 17H12 Friday afternoon Netcare 911 responded to reports of a collision on the M1 near Mariannhill. Reports from the scene indicate that a light delivery vehicle and a mini-bus taxi were involved in a collision causing the taxi to catch alight. Sadly one adult male was declared deceased, another adult male sustained critical injuries and two females sustained minor injuries.

AB InBev faces EU antitrust fine in Belgian beer case - sources

(Adds details, Ab InBev)By Foo Yun CheeBRUSSELS, Sept 21 (Reuters) - Anheuser-Busch InBev faces an EU antitrust fine for preventing cheaper beer imports into Belgium despite its efforts to settle the investigation, people familiar with the matter said.Last year, the European Commission accused the world's largest brewer of abusing its market dominance in Belgium by impeding cheaper imports into the country of its Jupiler and Leffe brands from neighbouring France and the Netherlands.The European Commission typically frowns on attempts to prevent parallel trade in the 28-country bloc, whereby cheaper products in one country are transported for sale in another, seeing such tactics as an obstacle to the single market.

15 Injured as bus catches alight on the N25, Durban

KwaZulu-Natal: At 18H20 Friday evening Netcare 911 responded to reports of bus fire on the M25 near the Ntuzuma offramp. Reports from the scene indicate that fifteen people sustained minor injuries after the bus they were travelling in caught alight. One person sustained serious injuries while the other occupants sustained minor injuries mainly due to smoke inhalation.

European stock index scores best winning streak in two decades

* STOXX up 0.4 pct and Euro STOXX 50 up 0.8 pct* Miners lead gainers as copper jumps* Just Eat down on Uber competition threat (Adds details and closing prices)By Danilo Masoni and Julien PonthusLONDON, Sept 21 (Reuters) - Easing fears of a trade war further lifted European shares on Friday, with trade-sensitive sectors like miners and autos leading the advance.

Sterling slide cements FTSE 100 rally while Just Eat wilts

* FTSE 100 up 1.7 pct* Sterling sinks further after May lays down gauntlet to EU* Banks and miners drive gains* Just Eat tumbles on report Uber in talks to buy Deliveroo (Updates prices, adds details, quotes)By Helen ReidLONDON, Sept 21 (Reuters) - A slide in sterling after a speech by Prime Minister Theresa May helped boost Britain's exporter-heavy FTSE 100 to a 2 1/2 week high, cementing a three-day rally driven by banks, miners and oil stocks as investors' fears of a trade war faded.On the corporate front, Just Eat shares tumbled as Uber's reported advances to Deliveroo triggered fears of rising competition in the food delivery industry.

UPDATE 1-Sterling slide cements FTSE 100 rally while Just Eat wilts

* FTSE 100 up 1.7 pct * Sterling sinks further after May lays down gauntlet to EU * Banks and miners drive gains * Just Eat tumbles on report Uber in talks to buy Deliveroo (Updates prices, adds details, quotes) By Helen Reid LONDON, Sept 21 (Reuters) - A slide in sterling after a speech by Prime Minister Theresa May helped boost Britain's exporter-heavy FTSE 100 to a 2 1/2 week high, cementing a three-day rally driven by banks, miners and oil stocks as investors' fears of a trade war faded. On the corporate front, Just Eat shares tumbled as Uber's reported advances to Deliveroo triggered fears of rising competition in the food delivery industry.

JSE rallies as Ramaphosa announces economic stimulus plan

The JSE rallied to close firmer on Friday following the announcement of the economic stimulus plan by President Cyril Ramaphosa.   The speech saw the rand rally to a session high of R14.18 against the US dollar as the greenback traded weaker earlier.

Fin24.com | Clicks reveals new CEO to lead the group

Fin24.com | May tears Into EU and demands respect, says Brexit at ‘impasse' What the wannabe media moguls really want By fin24.com On 21 September 2018 · Leave a Comment The Clicks Group has announced the name of its new group CEO who will take over from David Kneale in January 2019.

Clicks reveals new CEO to lead the group

Clicks Group [ JSE:CLS ] announced on Friday that Vikesh Ramsunder will be appointed as group CEO and an executive director with effect from 1 January 2019. He will succeed David Kneale who has led the group since 2006. Kneale will then assume the role of group strategic advisor while he serves his contractual notice period until 31 August 2019.

Amplats finance director to step down in early 2019

Anglo American Platinum [JSE:AMS] announced the resignation of its Finance Director Ian Botha on Friday.  In an update to shareholders, Amplats said that Botha has tendered his resignation and would be "relocating abroad to pursue other career opportunities". He will continue to serve in his current role until the 2018 annual results are released on February 18, 2019.

Chad names fourth finance minister in a year

N'DJAMENA, Sept 21 (Reuters) - Chadian President Idriss Deby has sacked his finance minister and replaced him with another ministry official, a government decree showed, the third change to the post since December. Mahamat Allali Abakar, who previously served as the ministry's secretary of state, replaces Issa Mahamat Abdelmamout, who has held the job since May, according to a decree read on national television late on Thursday. It gave no explanation for the decision.

NETWORK MEETING DISCUSSES ROLE OF IP IN EMERGING ECONOMIES

The Africa Network Meeting brings together intellectual property practitioners and registry officials, representing 23 jurisdictions, for the largest summit of its kind on the continent. The 6th annual Africa Network Meeting was held at the offices of Adams & Adams in Pretoria, South Africa from 13-14 September 2018. It was attended by intellectual property practitioners and registry officials representing 23 jurisdictions across the African continent and is the largest meeting of its kind on the continent and the only meeting allowing African IP professionals to meet and discuss emerging IP issues on the continent.

MTN shares surge on positive Nigeria news

Mergers, Acquisitions and Financial Results MTN Group's shares rose the most in more than six months after the Nigerian central bank softened its stance over claims that Africa's biggest wireless carrier illegally transferred US$8.1-billion out of the country. The Central Bank of Nigeria made the accusation late last month, plunging the South African company into a crisis that's wiped almost a third off its share price.

Amplats CFO resigns

Ian Botha has resigned as FD of Anglo American Platinum (Amplats), effective February 18, 2019. He will be relocating abroad to pursue other opportunities. "On behalf of the Board and Anglo American Platinum, I would like to thank Ian for his commitment and diligence during his time at Amplats.

Farfetch tops price range in IPO in boon to luxury market

PARIS, Sept 21 (Reuters) - Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.E-commerce is emerging as one of the biggest growth drivers for luxury labels initially fearful of diluting their image by selling online.

How the Durban Business Fair is uplifting up-and-coming entrepreneurs

The Durban Business Fair gives the opportunity to entrepreneurs from various sectors together and exhibit their business offering. One popular and growing sector is the fashion industry. CNBC Africa's Rofhiwa Madzena spoke to Khosi Mathenjwa, Founder of I Stand Out Vintage.

Turning a passion for fashion into a business

Learning to make clothing was challenging at first, but she says she did not give up. "I believe it was my mind that was challenged. I did not believe I was capable.

Turning a passion for fashion into a business

Learning to make clothing was challenging at first, but she says she did not give up. "I believe it was my mind that was challenged. I did not believe I was capable.

SA business reacts to president Ramaphosa's economic rescue plan

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.

Dutch PM stands by plan to axe tax to woo big business

By Bart H. MeijerAMSTERDAM, Sept 21 (Reuters) - Dutch Prime Minister Mark Rutte will push ahead with plans to scrap the country's dividend tax, he said on Friday, warning that failure to do so could prompt Unilever and Shell to move their headquarters elsewhere.Rutte has come under enormous pressure to keep the 15 percent withholding tax.

The Report: Argentina 2018 Launch - Oxford Business Group

Captured here: the launch of the first ever The Report: Argentina 2018. Know more about the outlook of Argentina's economy by reading our latest report now available on our website: www.oxfordbusinessgroup.

Jendamark MD to vie for prestigious African business leadership award

Quinton Uren, managing director of Port Elizabeth-based global technology company Jendamark Automation, was named a finalist in the prestigious All Africa Business Leaders Awards at an event in Johannesburg last night [Thursday, September 20]. Uren, 53, will now represent the Bay - and the Southern African region - in the Industrialist of the Year category at the eighth annual continental awards on November 29. His fellow category finalists from South Africa include Nampak CEO Andre de Ruyter, Likoebe Innovation Consultants founder Nneile Nkholise, and Nana Sebelo, CEO of Thata uBeke Manufacturing.

Global markets breeze higher on growth outlook

Global stock markets rose Friday as optimism on the US economic outlook outweighed lingering trade war worries, dealers said. European equities were all solidly higher at the close, with London outshining its peers thanks to a slipping pound as Brexit talks appeared to be stalling. On Wall Street the Dow index was also firmer approaching midday in New York, building on the previous day's all-time pinnacles, with investors concluding that trade war concerns were overblown as the world's biggest economy powers ahead.

S.Africa's Life Healthcare not ruling out return to India after Max disposal

By Patricia AruoJOHANNESBURG (Reuters) - South African private hospital group Life Healthcare has said it is not ruling out a return to India after selling the firm's entire stake in Max Healthcare, in an effort to focus on its operations elsewhere. The hospital group said on Wednesday it will sell its entire 49.7 percent stake in India's Max Healthcare to global investment firm KKR & Co.

Anglo American Platinum Finance director resigns

WATCH | Santam experts talk about the biggest risk areas in cybercrime The casting director fighting fashion's diversity problem, one face at a time By IoL Business Report On 21 September 2018 · Leave a Comment Ian joined Anglo American Platinum in 2015 as Finance Director to lead the finance, strategy and business development functions.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Jendamark MD to vie for prestigious African business leadership award

Jendamark Automation managing director Quinton Uren has been named a finalist in the Industrialist of the Year category for the All African Business Leaders Awards. Quinton Uren, managing director of Port Elizabeth -based global technology company Jendamark Automation, was named a finalist in the prestigious All Africa Business Leaders Awards at an event in Johannesburg last night [Thursday, September 20]. Uren, 53, will now represent the Bay - and the Southern African region - in the Industrialist of the Year category at the eighth annual continental awards on November 29.

GALLERY: The Durban Business Fair celebrates 20 years

Fin24.com | Gordhan: Stimulus plan all about implementation Europe Markets: Europe stocks poised for best week since July, lifted by global rally By IoL Business Report On 21 September 2018 · Leave a Comment Now in its 20th year, the Durban Business Fair is helping local businesses grown and develop.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

NUM union signs wage deal with AngloGold

JOHANNESBURG - South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12% for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable. Gold producers have argued that above-inflation wage hikes have added to the cost burden in the bullion industry, which has also been hit by depressed prices, labour unrest and declining grades at depths of up to 4 km (2-1/2 miles).

Rand, Recession And Emerging Markets - Is Any Relief In Sight?...

Facebook Twitter Google+ Pinterest WhatsApp Linkedin Email Argentina and Turkey caused significant volatility in emerging markets as financial conditions tightened in the past month.  South African assets couldn't escape and the rand depreciated sharply in sympathy with the sell-off in emerging market currencies. Now we're in a recession.

Europe Markets: Europe stocks poised for best week since July, lifted by global rally

Fin24.com | Gordhan: Stimulus plan all about implementation In the land of the Swazis, the king is still king, and that's not going to change soon By MarketWatch On 21 September 2018 · Leave a Comment Europe stocks are poised for the best week since the summer with another positive session on Friday as financials and major oil companies do the heavy lifting.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Mauritius aims to compete in global markets

Mauritius is working to become a premium competitor in the global rum market using the abundance of sugar cane that grows freely in the island of 2000km square. Our Reporter Liabo Setho and Camera Technician, Manqoba Nkosi visited Rum factory in Mauritius and filed this report. For more news, visit: sabcnews.

eNCA blog: Emerging markets #OnTheBrink

ISTANBUL - Like its people and cities, Turkey is one of the most dynamic places I've visited.  Bustling Istanbul is a dream for tourists. It's a mixture of cobblestone streets with ancient buildings and modern skyscrapers, adding to the beauty of the sunset on the edge of the city and calm ocean.

Jendamark MD to vie for prestigious African business leadership award

Quinton Uren flies Nelson Mandela Bay flag high QUINTON Uren, managing director of Port Elizabeth-based global technology company Jendamark Automation, was named a finalist in the prestigious All Africa Business Leaders Awards at an event in Johannesburg on Thursday night. Uren, 54, will now represent the Bay - and the Southern African region - in the Industrialist of the Year category at the eighth annual continental awards on November 29. His fellow category finalists from South Africa include Nampak CEO Andre de Ruyter, Likoebe Innovation Consultants founder Nneile Nkholise, and Nana Sebelo, CEO of Thata uBeke Manufacturing.

PUPILS RUN THEIR OWN BUSINESS

WHO said business is boring? Moloko Machaka (12) is a grade 7 pupil at Bapedi Primary School in Diepkloof zone 3. She was one of many schoolchildren who took part in a school market day. Machaka and eight other pupils formed different groups that had their own stalls which offered different items or servicesto make a profit.

Asking customers to donate when they buy stuff may be good for business

Benjamin Lawrence , Georgia State University Cashiers asking customers to donate small sums to charity while they're at cash registers, known as checkout charity , is becoming a big business. All that spare change, taken together with donations solicited through e-commerce, collectively raised at least US$440 billion in 2016 from retailers like Petco , Walmart and eBay . According to Engage for Good , a cause-related commerce group, roughly 3 out of 4 Americans have been asked to donate to charities ranging from Children's Miracle Network Hospitals to local foodbanks while buying stuff.

Business insurance from Discovery - offering tailored business insurance cover

Business Insurance from Discovery is not your traditional insurance offering. Instead it offers a product that looks at businesses as a whole to help create better and higher performing businesses that can manage their risks. With our business insurance product, we strive to offer the kind of cover that makes a real difference.

DA: Failing ANC's poor planning leads to cancelation and adjournment of the people's business

the Democratic Alliance (DA) in JB Marks Municipality called for remedial actions to be taken to rectify the state of affairs within council after a second consecutive council meeting was adjourned without dealing with important council agenda items. The DA raised had raised concerns on the planning and strategic management of the municipality, this after the ANC once again neglected to attend to important issues affecting the municipality's functionality. Thursday's council meeting had to be adjourned because of the expiry of an extended term of office of the Acting Municipal Manager, Cyril Henry, whilst the reasons for the previous postponement of a duly convened council meeting is still unknown to date.

AstraZeneca targets China for technology-based business expansion

The UK-based healthcare company, AstraZeneca, has revealed its plans for expansion in China, Reuters reported. The pharmaceutical company aims to become a broad healthcare provider in a nation that runs smart cancer diagnostics and incorporates artificial intelligence (AI) with ambulances to increase efficiency. AstraZeneca currently supplies pharmaceuticals to China as part of its operations, and partnered with China giants, Alibaba and Tencent, in February this year.

Rack Centre, Africa's premium colocation Data Centre achieves the Business Continuity Management Certification, ISO 22301:20

After an exhaustive evaluation of its operations, Rack Centre, Africa's premium colocation Data Centre has achieved the ISO 22301:2012, Business Continuity Management Certification, joining an elite number of Data Centre in the world to attain such a feat. Awarded by the globally recognised British Standard Institute, BSI, the certification is an attestation that Rack Centre has evolved a robust and holistic system for business continuity management. The ISO 22301:2012 is designed to protect a business from threats to business continuity and proactively put plans in place ahead of time to prevent such threats impacting on the smooth running of that business or to keep the business running during crises and improve recovery time.

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

Bidcorp says it is now considering alternative proposals which were suspended due to the advanced sale process. International food distributor Bid Corporation (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons. In August the South African company said is was finalising an agreement to sell that business to an unidentified global company, moving a step closer to removing the loss-making, non-core asset.

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons. In August the South African company said is was finalising an agreement to sell that business to an unidentified global company, moving a step closer to removing the loss-making, non-core asset. "Bidcorp is currently considering alternative proposals which were suspended due to the advanced sale process," it said in a statement.

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

JOHANNESBURG, Sept 21 (Reuters) - International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons.In August the South African company said is was finalising an agreement to sell that business to an unidentified global company, moving a step closer to removing the loss-making, non-core asset."Bidcorp is currently considering alternative proposals which were suspended due to the advanced sale process," it said in a statement.

Ramaphosa: Tough visa relations to be eased for tourism, business

It's reliably estimated that South African visa restrictions have cost the country half a billion dollars in lost tourism and business visits. | PRETORIA - As part of his economic stimulus package, President Cyril Ramaphosa says South Africa's tough visa relations will be eased to facilitate tourism and visits by business and highly skilled people. Ramaphosa told a media briefing at the Union Buildings that his Chinese counterpart Xi Jinping had told him prospective Chinese visitors were being kept away by South Africa's visa architecture.

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Potential buyer ditches plan to acquire Bidcorp's UK logistics business

JOHANNESBURG, Sept 21 (Reuters) - International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons. In August the South African company said is was finalising an agreement to sell that business to an unidentified global company, moving a step closer to removing the loss-making, non-core asset. "Bidcorp is currently considering alternative proposals which were suspended due to the advanced sale process," it said in a statement.

NUM signs three-year wage deal with AngloGold Ashanti

The National Union of Mineworkers said on Friday it had signed a three-year wage deal with AngloGold Ashanti on Thusday, ending a two-month-long marathon of negotiations. The union said: "The NUM has reached an agreement with AngloGold Ashanti that will result in workers in the categories 4-8 (surface and underground workers) monthly wages increase by R1000 while wages for miners, officials, and artisans will be increased by 6.5%.

Farfetch tops price range in IPO in boon to luxury market

Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands. E-commerce is emerging as one of the biggest growth drivers for luxury labels initially fearful of diluting their image by selling online.

How Dr Nombasa Tsengwa is leading operations in the mining sector

When she left university, her biggest strengths were her doctorate, positive energy and a good attitude. As an inspiring individual, it was clear earlier in her career that to climb the ladder, she had to keep evolving through recognising all her mistakes, continuing to learn from others and nurturing her leadership skills. "Looking back today, I can comfortably say if I didn't aspire to great things, I would have been content with being an academic," she said.

Need to Know: This strategist has the next move for this ‘buy-and-hold-no-matter-what' stock market

Life Healthcare not ruling out return to India after Max disposal Market Snapshot: Dow set for best week since July as stock futures imply deeper push into record territory By MarketWatch On 21 September 2018 · Leave a Comment Equities keep confounding the naysayers and overturning any negative headlines, a telltale sign of an aging "aging bull market."   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Wage negotiation talks continue, Anglo and NUM sign agreement

The gold producers engaged in wage negotiations under the auspices of the Minerals Council South Africa, and facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA), are pleased to advise on further progress in wage negotiations on Wednesday, 20 September. Chief Negotiator from the Minerals Council, Motsamai Motlhamme, commended all parties on the way in which the engagements are proceeding, and indicated his confidence that the parties will continue to make progress in the coming week. The following is an update on the day's proceedings:   AngloGold Ashanti and the NUM reach agreement AngloGold Ashanti and the National Union of Mineworkers (NUM) have concluded a three-year wage agreement.

Farfetch tops price range in IPO in boon to luxury market

PARIS, Sept 21 (Reuters) - Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands. E-commerce is emerging as one of the biggest growth drivers for luxury labels initially fearful of diluting their image by selling online.

LOERIES SCHOLARSHIP FOR STUDY IN BRAND COMMUNICATION NOW OPEN

The Loeries Creative Future Scholarship has just opened for applications. The scholarship provides an opportunity for an aspiring Grade 12 learner, with financial need, to study a three-year degree in Brand Communication in Johannesburg. Scholarship applications close on Friday, 19 October .

South Africa's biggest company is among the world leaders shaping the digital economy

Forbes this week published the inaugural Digital 100 list, a ranking of the top 100 public companies that are shaping the digital economy. Companies were scored on a variety of factors including sales, profits, assets growth and performance of the stock over the past year. The list offers a closer look at the technology, media, digital retail, and telecommunication companies that shape the digital world.

Meet Monica Singer, the ambassador for blockchain company ConsenSys

ConsenSys envoy and ex Strate head says blockchain is a no-brainer if SA wants to prevent repeats of recent fraud cases A small spelling mistake gifted the former CEO of Strate, SA's central securities depository, her new job as ambassador for New York-based blockchain firm ConsenSys. Uruguay-born Monica Singer headed Strate for 18 years, introducing electronic settlements to the country's financial markets. But she left the company when the board — perhaps understandably — wouldn't listen to her pleas to revamp its business model and shift all processes onto blockchain.

Poseidon signs Black Swan ore tolling agreements

Base metals firm Poseidon Nickel has found two potential sources of third-party feed for its Black Swan concentrator, which the company is touting as an alternative processing facility for stranded nickel miners following the closure of BHP Billiton's Nickel West Kambalda concentrator. Private exploration company SulphideX and listed junior Estrella Resources have signed memorandums of understanding with Poseidon to process ore from their respective projects under ore tolling and concentrate purchasing agreements (OTCPA). SulphideX owns exploration tenements near Mt Venn, Western Australia, and is within trucking distance from the Black Swan operations, located 50 km from Kalgoorlie.

Australian mining's macho image worsens pain of labour shortage

* Industry faces shortage of specialised workers* Only about 30 students enrolled in mining engineering in 2018* Women account for 16 percent of Australian mining workforce* Mining has lowest percentage of women of any Australian industryBy Melanie BurtonMELBOURNE, Sept 21 (Reuters) - When the song "Eagle Rock" played at a bar in an outback Australian mining town of Kalgoorlie late one night, a dozen young men scattered around a pool table dropped their trousers and heartily sang along in their underwear.Later that night, they piled behind the counter of the bar attached to the Western Australian School of Mines (WASM), singing an anthem that began, "We are engineers," and finished with an obscene description of how they treat women.The scenes, in the background of an industry conference, cut against a hard reality the sector faces: a dearth of skilled applicants, and a workforce hurting for diversity and struggling to hire women.

US make-up brand Morphe signs for first store outside London at Bullring

Shopping malls giant Hammerson has announced that US beauty retailer Morphe is to open its first store outside of London and only its second in the UK with a debut at the Bullring Estate in Birmingham. Morphe Its arrival in the UK's second-largest city will see the make-up brand taking a 3,300 sq ft unit on the middle level of the Bullring, alongside big-name fashion brands Mango and H&M. Morphe is one of the new breed of make-up specialists that has made a big impact on beauty retailing and is known for its full spectrum of professional quality tools and make-up plus other Morphe family brands such as Jeffree Star Cosmetics.

Impact investment firm RENEW expands to Uganda

Private equity impact investment firm RENEW has announced its expansion into Uganda, the company's second African market after Ethiopia. RENEW is an impact investment firm that has designed a financing model to address the missing middle that exists in capital markets across many countries in Sub-Saharan Africa. The company does this by investing capital alongside the Impact Angel Network (IAN), a global network of impact investors established by RENEW in 2012 which has grown to become the largest angel network in North America dedicated to investing in SMEs in Africa.

South Africa's Clicks CEO to retire, names insider as successor

David Kneale, 63, will remain in his current role until 1 January and thereafter take up the role of group strategic advisor until 31 August 2019. | JOHANNESBURG - South Africa health and beauty retailer Clicks Group said on Friday its Chief Executive Officer David Kneale was retiring and will be succeeded by insider Vikesh Ramsunder.Kneale, 63, will remain in his current role until 1 January and thereafter take up the role of group strategic advisor until 31 August 2019, Clicks said in a statement.

Group confirms suffering damage to its reputation

7 things you need to know today DA's Gavin Davis leaves amid rumours of discontent By IoL Business Report On 21 September 2018 · Leave a Comment Steinhoff International confirmed suffering reputational damage from the recent accounting scandal as it recorded a 2 percent growth in group revenue.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

South Africa's Clicks CEO to retire, names insider as successor

JOHANNESBURG (Reuters) - South Africa health and beauty retailer Clicks Group said on Friday its Chief Executive Officer David Kneale was retiring and will be succeeded by insider Vikesh Ramsunder. Kneale, 63, will remain in his current role until Jan.1 and thereafter take up the role of group strategic advisor until 31 August 2019, Clicks said in a statement.

Retailer Clicks announces new CEO to replace Kneale

Fin24.com | S&P, Dow soar to record highs as trade fears abate Fin24.com | What Ramaphosa's stimulus package should look like By IoL Business Report On 21 September 2018 · Leave a Comment Clicks said on Friday Vikesh Ramsunder had been appointed group CEO and an executive director with effect from next January.

Centurion Aerospace Village gets a boost with more tenants committing to space

Dozens dead in Tanzanian ferry disaster Italian workers are earning near sweatshop wages to make luxury clothes in their homes By IoL Business Report On 21 September 2018 · Leave a Comment The development of the Centurion Aerospace Village has received a boost with two tenants committing to space in the first building in the village.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

LIVE: President Ramaphosa announces #StimulusPackage to boost economy

News24.com | LIVE: President Ramaphosa announces economic stimulus package Government to promote SA products to international markets By IoL Business Report On 21 September 2018 · Leave a Comment President Cyril Ramaphosa is announcing the details of a stimulus package which government hopes will revive SA's stagnant economy.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Clicks CEO to retire after 13 years at the helm

Clicks Group CEO David Kneale is retiring after 13 years at the helm of the retail and healthcare group.  The company said in a recent statement that Vikesh Ramsunder, the current COO, would become the new CEO from January. Kneale, 63, will assume the role of a strategic adviser until the end of August 2019 to serve out his contractual notice period.

Reuters launches mobile-first news video service, Africa Journal

LONDON - 19 September 2018 - Reuters announced today it is expanding its African video offering with a mobile-first news video service, Africa Journal. Africa Journal tells the stories of today's Africa from a local and global perspective, bringing together the best of Reuters unrivalled pan-African coverage through comprehensive video reporting. This format reflects growing mobile and digital consumption of news on the continent.

Banks and miners cement FTSE 100 rally while Just Eat wilts

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.9 pct * Banks, miners drive lion's share of gains * Just Eat tumbles on report Uber in talks to buy Deliveroo * Sterling down after UK-EU Salzburg meeting By Helen Reid LONDON, Sept 21 (Reuters) - Miners and banks drove Britain's top share index to a fresh two-week high on Friday, while Just Eat tumbled as Uber's reported advances to Deliveroo triggered fears of rising competition in the food delivery industry. The FTSE 100 was up 0.

JSE gains as banks rally on firmer rand and global risk-on sentiment

Emerging-market currencies are firm on the view that US-China tariff war will not affect the global economy as negatively as previously thought The JSE opened firmer on Friday as global risk-on sentiment rebounded on renewed weakness in the dollar. Risk-on trade was supported by a sharp rise in US markets, with the Dow Jones closing 0.95% higher on Thursday.

Copper jumps to 6-week top as trade fears ease

(Updates prices)MELBOURNE, Sept 21 (Reuters) - London copper popped to its highest in six weeks on Friday and targeted its biggest weekly advance in 15 weeks as investors expected trade tariffs to have a softer impact on global growth than feared.FUNDAMENTALS* COPPER: London Metal Exchange copper rallied 1.5 percent to $6,170 a tonne by 0618 GMT, up 3.

Clicks CEO calls it a day after 13 years at the helm

David Kneale will assume the role of a strategic adviser after stepping down, while Vikesh Ramsunder will take over as CEO from January Clicks Group CEO David Kneale is retiring after 13 years at the helm of the retail and healthcare group. The company said in a statement on Friday that Vikesh Ramsunder, the current COO, would become the new CEO from January. Kneale, 63, will assume the role of a strategic adviser until the end of August 2019 to serve out his contractual notice period.

[LISTEN] Why DStv Premium is on a downward spiral

| Tech expert Arthur Goldstuck says that DStv's current business model for its Premium users needs urgent fixing. CAPE TOWN - Tech expert Arthur Goldstuck says that DStv's current business model for its Premium package, with subscribers paying close to R1,000 a month, is really a broken model. "It's going to decline further in coming years in terms of the number of subscribers.

Eskom: Eskom academy upskills black small business owners

One hundred and seventy six (176) Eskom contractors and suppliers from around the country graduated yesterday after completing the eight-month Eskom Contractor Academy programme. The group received their certificates yesterday at a ceremony held at the Eskom Academy of Learning in Midrand.   The Contractor Academy is one of Eskom Development Foundation's key initiatives and part of the organisation's commitment to enterprise development, skills development, job creation and poverty alleviation.

NerdWallet: How much I earn is none of your business

Corner Office: Mark Bertolini of Aetna on Yoga, Meditation and Darth Vader Quote: John Irving By MarketWatch On 21 September 2018 · Leave a Comment I'm a 60-year-old man now working side-by-side with TV stars, and you ask how much it pays?   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

WATCH: Business is buzzing at this Ford dealership as bees create hive on tyre

The sweet deals at a Ford dealership in Blackheath, Johannesburg seem to have attracted bee-zarre clientele this week. A colony of bees relocated their hive onto the tyre and wheel arch of a Ford vehicle at the Paul Maher Ford branch in Beyers Naude Drive, Johannesburg. The vehicle in question was on display outside the showroom.

French business growth falls short of expectations in Sept - PMI

PARIS, Sept 21 (Reuters) - French business activity grew at a much slower pace than expected in September as companies struggled to keep prices competitive amid softening demand, a survey showed on Friday.Data compiler IHS Markit said the preliminary reading of its composite purchasing managers index fell to 53.6 from 54.

EMERGING MARKETS-Recovery grows strong, Hong Kong dollar goes wild

* Biggest jump for China bluechip stocks in over 2 years * Rand leads the charge for EM currencies as finmin lays out plan * Rouble another winner for the week by lira struggling again * Yuan makes rare weekly gain vs dollar but at 3-year low vs euro * Local FX bond yields drift lower By Marc Jones LONDON, Sept 21 (Reuters) - Emerging markets extended their recovery on Friday, as what looked set to be a marquee week for South Africa's rand and the best day for Chinese stocks in over two years helped sweep away some of the recent gloom. The day's surprise came from the closely-controlled Hong Kong dollar which saw its biggest spike since 2003 overnight and a frenzy of activity options market in the process. Traders couldn't entirely explain the move, although some pointed to a rise in local money market rates as evidence that domestic banks might raise their lending rates next week, in reaction to another possible rate rise by the U.

Life Healthcare not ruling out return to India after Max disposal

Life Healthcare wants to focus its attention on its core operations in South Africa, UK, Poland and Western Europe. South African private hospital group Life Healthcare has said it is not ruling out a return to India after selling the firm's entire stake in Max Healthcare, in an effort to focus on its operations elsewhere. The hospital group said on Wednesday it will sell its entire 49.

S.Africa's Life Healthcare not ruling out return to India after Max disposal

JOHANNESBURG, Sept 20 (Reuters) - South African private hospital group Life Healthcare has said it is not ruling out a return to India after selling the firm's entire stake in Max Healthcare, in an effort to focus on its operations elsewhere. The hospital group said on Wednesday it will sell its entire 49.7 percent stake in India's Max Healthcare to global investment firm KKR & Co.

South Africa's NUM union signs wage deal with AngloGold

JOHANNESBURG, Sept 21 (Reuters) - South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week.The agreement will mean an effective pay hike of over 12 percent for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable.Gold producers have argued that above-inflation wage hikes have added to the cost burden in the bullion industry, which has also been hit by depressed prices, labour unrest and declining grades at depths of up to 4 kms (2-1/2 miles).

Num signs wage deal with AngloGold

The agreement will mean an effective pay hike of over 12% for entry-level underground workers, in the first year..

Num signs wage deal with AngloGold

The agreement will mean an effective pay hike of over 12% for entry-level underground workers, in the first year. South The agreement will mean an effective pay hike of over 12% for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable. Gold producers have argued that above-inflation wage hikes have added to the cost burden in the bullion industry, which has also been hit by depressed prices, labour unrest and declining grades at depths of up to 4 kms (2-1/2 miles).

South Africa's NUM union signs wage deal with AngloGold

JOHANNESBURG, Sept 21 (Reuters) - South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12 percent for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable. Gold producers have argued that above-inflation wage hikes have added to the cost burden in the bullion industry, which has also been hit by depressed prices, labour unrest and declining grades at depths of up to 4 kms (2-1/2 miles).

South32's Cerro Matoso mine wins appeal, will not pay damages

BOGOTA - Colombia's Cerro Matoso nickel mine, owned by Australian miner South32, will not be required to pay damages to indigenous and Afro-Colombian communities after winning an appeal in Colombia's constitutional court, a court spokesperson said on Thursday. The court had previously ruled that waste emissions seriously affected communities in Cordoba province, including community members who had been diagnosed with lung and heart problems. It also said that some residents had high levels of nickel in their blood and urine.

SA mineworkers union NUM signs three-year wage deal with AngloGold Ashanti

WATCH: What the Bank's decision to keep rates on hold means Apple faithful queue for pricey new iPhone XS By IoL Business Report On 21 September 2018 · Leave a Comment The National Union of Mineworkers said on Friday it had signed a three-year wage agreement with AngloGold Ashanti.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Set free by Naspers, MultiChoice plots its path

Investment Discarded by its globe-trotting parent Naspers after more than three decades, African pay-TV heavyweight MultiChoice Group is facing an uncertain future. The broadcaster of English Premier League soccer and hit dramas such as Game of Thrones will be spun off by Naspers in Johannesburg next year, creating a newly listed company. Estimated valuations by analysts and investors have ranged from $5 billion to $6.

NUM: NUM signed a three-year wage agreement with AngloGold Ashanti

The National Union of Mineworkers (NUM) yesterday signed a three-year wage agreement with AngloGold Ashanti, ending a two months long marathon of negotiations with the company.   The NUM has reached an agreement with AngloGold Ashanti that will result in workers in the categories 4-8 (surface and underground workers) monthly wages increase by R1000 while wages for miners, officials and artisans will be increased by 6.5%.

AngloGold Ashanti: AngloGold Ashanti and NUM wage agreement

The gold producers engaged in wage negotiations under the auspices of the Minerals Council South Africa, and facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA), are pleased to advise on further progress in wage negotiations on Wednesday, 20 September.   Chief Negotiator from the Minerals Council, Motsamai Motlhamme, commended all parties on the way in which the engagements are proceeding, and indicated his confidence that the parties will continue to make progress in the coming week.   The following is an update on the day's proceedings:   AngloGold Ashanti and the NUM reach agreement   AngloGold Ashanti and the National Union of Mineworkers (NUM) have concluded a three-year wage agreement.

Richemont finds a new online paradigm

Rupert family-controlled luxury goods conglomerate Richemont remains one of the default options for investors rattled by a ravaged rand, despite a rather demanding market rating.  Not surprisingly, then, Richemont is up around 13% in the year to date on the JSE. But on the Swiss stock exchange, the shares are down a disappointing 10%.

Remgro cagey over its spreads acquisition

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Africa's Biggest Markets Drive Strong Growth in Continent's Smartphone Shipments

A total of 22.4 million smartphones were shipped in Africa during the second quarter of this year (Q2 2018), according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm's Quarterly Mobile Phone Tracker shows that Africa's smartphone shipments increased 9.

Government to promote SA products to international markets

LIVE: President Ramaphosa announces #StimulusPackage to boost economy WATCH: What the Bank's decision to keep rates on hold means By IoL Business Report On 21 September 2018 · Leave a Comment The Department of Trade and Industry believes that government is committed to promoting local products to international buyers and consumers.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Investors' appetite for Nigeria's alternative markets

According to Tinuade Awe, the Executive Director, Regulation of the Nigerian Stock Exchange, the Alternative Securities Market was established to propel the growth of small companies. How do investors view the market? Uche Ugboh, Head; Asset and Liability Management at Diamond Bank joins CNBC Africa to discuss this. https://www.

GLOBAL MARKETS-Asian stocks extend recovery, China rallies on stimulus hopes

* Asian shares extend rebound, Nikkei hits 8-month high * Strong earnings outlook, China policy hopes outweigh trade * Euro at 2 1/2-month high vs dollar * Chinese shares on course to make biggest weekly gains in 2 yrs * European shares seen rising 0.3-0.4 pct By Hideyuki Sano TOKYO, Sept 21 (Reuters) - Asian stocks extended gains on Friday thanks to Wall Street scoring all-time highs, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.

SEDA INVITATES YOU TO THE OFFICIAL LAUNCH OF THE 2ND SOUTH AFRICAN BUSINESS INCUBATION ...

Minister of Small Business Development, Lindiwe Zulu is launching the 2nd South African Business Incubation Conference (SABIC) at the Emperors Palace, Johannesburg, Gauteng on 25 September 2018. The launch takes place at SABTIA's Tech Camp which takes place on 25 to 26 September 2018 at the Emperors Palace. The 2nd SABIC conference is an initiative of Seda and the Department of Small Business Development (DSBD) takes place under the theme "Creating inclusive entrepreneurial growth through innovation".

Here's 6 reasons the Durban Business Fair is a must-see

The long-awaited main Durban Business Fair (DFF) has finally arrived, celebrating the 20 years of excellence with a number of exciting programmes lined up including business conferences, master classes, a business exhibition and a lot more to inspire and educate businesses. The premium exhibition at the Inkosi Albert Luthuli International Convention Centre and Durban Exhibition Centre from 18 to 24 September is not only free to the public, but Ethekwini Municipality urges the public to attend this exciting business exhibition to access its unique and innovative products and services. It will be headlined by influential businesspeople and prominent celebrities who will share their expertise on business development and the opportunities available for emerging businesses to tap into the mainstream economy.

Acne pain leads teen Snikiwe Xaba to roaring business

A teenage girl who had acne and could not afford to buy creams to treat it, is now the proud owner of her own skin care range. Snikiwe Xaba, 16, started making her range, Natural Me, in 2017, which consist of a facewash, toner, day and night cream priced at R80 and R90 a bottle. The grade 11 pupil at Sikanisweni High School in Ezingolweni, Port Shepstone, said she had a low self esteem because of pimples and hated taking pictures with her friends.

Mosimane is in the business of making millionaires

It is more than just football for the Mamelodi Sundowns coach as his drive for success on the pitch is paired with his desire to create financial comfortably for his players..

Mosimane is in the business of making millionaires

It is no secret that Sundowns, who are owned by billionaire, club president Patrice Motsepe, is among the club who handsomely reimburse their players in the whole of the Premier Soccer League, but Pitso Mosimane is treating his players like rough diamonds, who he polishes up and elevate them to greater heights. Keagan Dolly, Bongani Zungu and Percy Tau are such players that Mosimane recruited as raw talent and molded them to star players in the Absa Premiership before he sold them to European suitors, and have gone on to become big earners in Europe. Next in line is Phakamani Mahlambi after Mosimane described the former Al Ahly attacker as an "investment".

Asking customers to donate when they buy stuff may be good for business

Cashiers asking customers to donate small sums to charity while they're at cash registers, known as checkout charity, is becoming a big business. ©youichi4411 via 123RFAll that spare change, taken together with donations solicited through e-commerce, collectively raised at least $440 billion in 2016 from retailers like Petco, Walmart and eBay. According to Engage for Good, a cause-related commerce group, roughly 3 out of 4 Americans have been asked to donate to charities ranging from Children's Miracle Network Hospitals to local foodbanks while buying stuff.

Find Out Where Your Business Will Be in a Year

The first 1000 days are crucial - with many startups not making it past the three year milestone - many because of a lack of proper planning. One of the most useful tools that can help take uncertainty out of planning for your business' future, and which many rookie startup founders often try to sidestep, is financial forecasting. Forecasts help a business identify imminent revenue and expenditure trends so they can manage finances more efficiently into the future.

The future of business connectivity

Brendan McAravey, Country Manager at Citrix South Africa. Imagine a reality where you had bought and paid for a brand new car, but the dealership still had complete control of the vehicle. In short, every time you wanted to take the car out for a drive, check the engine, or even put your bags in the boot, you would have to call the dealership and get their permission first.

Creating Your Own Successful Bitcoin Business-Part 30

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.

Local business renovates Môrester

Môrester Child and Youth Care Centre in Birchleigh underwent a massive revamp on August 25. The renovation was an initiative by Gauteng Management Agents Inc construction trading as Probuild and Zipher Trading Solutions. "We embarked on our own project called ‘building a future, not a house', to assist the centre," said Casper du Plessis, managing director at Gauteng Management Agents.

The future of business connectivity

Imagine a reality where you had bought and paid for a brand new car, but the dealership still had complete control of the vehicle. In short, every time you wanted to take the car out for a drive, check the engine, or even put your bags in the boot, you would have to call the dealership and get their permission first. In the real world, that's exactly what it is like for companies who currently use an MPLS network provider.

Business's path of least resistance to government is a recipe for disaster

New defence and aerospace group Paramount to focus on SA market New leaders believe Cosatu is rising again By Business Day On 21 September 2018 · Leave a Comment Engagement is crucial to help correct unsustainable policies and avert a far more crippling economic situation, writes Ann Bernstein   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Cabinet calls on business to assist in economic stimulus

PRETORIA - Cabinet is calling on business to play its part in helping the local economy recover. A recurring conundrum has been what needs to be done to revive a battered and bruised economy . All eyes will be on President Cyril Ramaphosa, who will start answering that question on Friday when details of his stimulus package will be revealed.

Wesizwe Platinum seeks unlawful declaration of $70m Maseve deal

By David McKay - September 20, 2018 Share on Facebook Tweet on Twitter AFRICA Wide Mineral & Prospecting Company (Africa Wide), a subsidiary company of Johannesburg-listed Wesizwe Platinum, has taken the unusual step of serving papers on Royal Bafokeng Platinum (RBPlat) and Canadian firm, Platinum Group Metals (PTM) in an attempt to have the $70m sale of the Maseve mine declared unlawful. The transaction, first announced in September last year and completed in April, saw Africa Wide paid a 17.1% portion of $58m in upfront cash and the balance in RBPlat shares for Maseve which RBPlat bought from PTM.

Five things making headlines in South Africa today

MPC interest rate decision, prime overdraft, developments in state capture inquiry, Life Healthcare exits India, rand update. Moneyweb / 20 September 2018 09:45 No comments so far FIRSTRAND R69.00 1.

Massmart Here comes the sun

Massmart is not messing around when it comes to sustainability: the Strubens Valley Makro has just become the sixth store in the Group to go solar, with a 480kw generator made up entirely of 147 polycrystalline panels that also provide shade for the Jetta when you shop. Together, the six stores generate 4.4million kWh of renewable energy a year, putting them in first place among South Africa's retailers.

Five things making headlines in South Africa today

MPC interest rate decision, prime overdraft, developments in state capture inquiry, Life Healthcare exits India, rand update. Here's what caught our attention on Thursday: 1. MPC interest rate decision The South African Reserve Bank's Monetary Policy Committee will meet on Thursday to discuss its interest rate decision.

Remgro: Wag om uit te breek

Die beleggingsbeheermaatskappy Remgro, onder voorsitterskap van Johann Rupert, is bekend as 'n bestendige firma onder goeie bestuur, met 'n bewese prestasie van waardeontsluiting vir aandeelhouers. Remgro belê in firmas wat deur goeie bestuurspanne en geloofwaardige groeivooruitskattings ondersteun word. Remgro het 'n belang van 44,6% in Mediclinic International.

METALS-Copper jumps to 6-week top as trade fears ease

(Updates prices) MELBOURNE, Sept 21 (Reuters) - London copper popped to its highest in six weeks on Friday and targeted its biggest weekly advance in 15 weeks as investors expected trade tariffs to have a softer impact on global growth than feared. FUNDAMENTALS * COPPER: London Metal Exchange copper rallied 1.5 percent to $6,170 a tonne by 0618 GMT, up 3.

Clicks appoints new CEO to replace Kneale

Pharmacy, health, and beauty retailer Clicks said on Friday Vikesh Ramsunder had been appointed group CEO and an executive director in effect from next January to succeed David Kneale who has led the company since 2006. Kneale will step down from January 1 and assume the role of group strategic advisor while he serves his contractual notice period until August 31 2019. This will enable the group to benefit from his extensive health and beauty retailing experience and ensure a smooth transition.

Retailer Clicks announces new CEO to replace Kneale

JOHANNESBURG - Pharmacy, health and beauty retailer Clicks said on Friday Vikesh Ramsunder had been appointed group CEO and an executive director with effect from next January to succeed David Kneale who has led the company since 2006.  Kneale will step down from January 1 and assume the role of group strategic advisor while he serves his contractual notice period until August 31 2019. This will enable the group to benefit from his extensive health and beauty retailing experience and ensure a smooth transition.

Clicks CEO to retire, names insider as successor

Vikesh Ramsunder will takeover the roll in January 2019. Health and beauty retailer Clicks Group said on Friday its chief executive officer David Kneale was retiring and will be succeeded by insider Vikesh Ramsunder. Kneale, 63, will remain in his current role until January 1 and thereafter take up the role of group strategic advisor until August 31, 2019, Clicks said in a statement.

BHP's Spence copper mine in Chile partially closed following fire

SANTIAGO - Global miner BHP Billiton said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished, the company said. "Operations in the area were stopped immediately and we undertook the safeguards and procedures necessary to protect our workers," a company representative told Reuters.

Financial services the least trusted sector globally says report

Richard Rattue, CEO of CompliServeSA. The financial services industry was once again the least trusted sector in the annual Edelman Trust Barometer , which has been measuring trust in business, NGOs, government and the media for the last 18 years. According to the 2018 report, which has a special section devoted to financial services, trust in the industry declined in 13 out of 28 countries in 2017.

South Africa's Clicks CEO to retire, names insider as successor

JOHANNESBURG, Sept 21 (Reuters) - South Africa health and beauty retailer Clicks Group said on Friday its Chief Executive Officer David Kneale was retiring and will be succeeded by insider Vikesh Ramsunder. Kneale, 63, will remain in his current role until Jan.1 and thereafter take up the role of group strategic advisor until 31 August 2019, Clicks said in a statement.

Accenture opens Fjord design centre in Johannesburg

Accenture has launched its first design and innovation studio on African soil, Fjord Johannesburg. The company says the move significantly expands its design capabilities and demonstrates its commitment to unlocking Africa's innovation potential through the creation of experiences that redefine industries in our constantly evolving digital era. The new studio, opening in November, will be located at Accenture's new 3875m² offices in Waterfall.

Rand firms on rate hold, dollar ebbs

JOHANNESBURG - The rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the US currency slipped to its lowest since July. Equities rose for the third session in line with global markets that continued to shrug off lingering concerns over the US-China trade war. The rand was trading at 14.

Gold wage talks deadlock again for Sibanye, Amcu

JOHANNESBURG - Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," Amcu said in a terse statement. This as Amcu, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

Steinhoff reassures lenders its forensic probe will be ready by end-December

The former high-flying global furniture and clothing retailer Steinhoff has assured lenders the forensic investigation into accounting irregularities that prompted a 95% collapse in its share price is on track for finalisation by the end of 2018. During an update presentation on Thursday Steinhoff told lenders, who have agreed to a three-year lock-up of the group's €9.4bn debt, that the group aims to release full-year audited results for 2017 by December 31 2018 and results for 2018 by January 31 2019.

Copper heads for best week in a month as trade fears ease

MELBOURNE, Sept 21 (Reuters) - London copper rose on Friday and was on track to post its biggest weekly advance in four weeks as investors viewed that trade tariffs would have a softer impact to global growth than earlier feared.FUNDAMENTALS* COPPER: London Metal Exchange copper rose 1 percent to $6,140 a tonne by 0217 GMT, up nearly 3 percent this week and close to its highest in more than one month. Shanghai Futures Exchange copper edged up 0.

Book Extract: Growing Greatness — Pepe Marais on business = being, too

MarkLives is running five extracts from Joe Public United founding partner Pepe Marais ‘s first book, "Growing Greatness — A Journey Towards Personal and Business Mastery", over the next few weeks. Here's the last, "A business is a being too." by Pepe Marais ( @pepemarais )  The famous primatologist and anthropologist, Jane Goodall.

Nikkei at 8-mth highs, Wall St rally makes markets less edgy over trade

(Refiles to add pct move for Komatsu's shares)* Nikkei has risen 3.1 pct for week so far* Metal, shipping stocks strong on receding trade fears* Construction equipment stocks attract buyingBy Ayai TomisawaTOKYO, Sept 21 (Reuters) - Japan's Nikkei advanced to fresh eight-month highs led by an upbeat Wall Street performance, with commodity stocks rising as investors appeared to gravitate to the view that the U.S.

How PfP transformed Tembisa's Khula Sizwe Primary School

JOHANNESBURG — In this podcast, Louisa Mvelo - who is the school principal of Khula Sizwe Primary School in Tembisa - tells us how the Partners for Possibility programme has helped completely transform and improve her school. It's an example of what can be done to vastly improve South Africa's creaking educational system. - Gareth van Zyl Louisa Mvelo is the school principal of Khula Sizwe Primary School in Tembisa and it's a pleasure to welcome her on this podcast.

Datatec investors in resounding no vote against executive pay policy

Shareholders were also unhappy with the tenure of both the company's nonexecutive directors and external auditors Datatec shareholders made their concerns heard by going for the executives' pockets, voting against the implementation of the firm's remuneration policy on Thursday. A major 62.8% of shareholders voted against the implementation of the company's remuneration report.

LETTER: Stop being so negative

During the early 1990s, M-Net had a BBEE scheme at R3/share. This was the first of its kind in SA and years later the business was taken over by Naspers. We were given full shares in the new parent company.

METALS-Copper heads for best week in a month as trade fears ease

MELBOURNE, Sept 21 (Reuters) - London copper rose on Friday and was on track to post its biggest weekly advance in four weeks as investors viewed that trade tariffs would have a softer impact to global growth than earlier feared. FUNDAMENTALS * COPPER: London Metal Exchange copper rose 1 percent to $6,140 a tonne by 0217 GMT, up nearly 3 percent this week and close to its highest in more than one month. Shanghai Futures Exchange copper edged up 0.

Business's path of least resistance to government is a recipe for disaster

The ice beneath South Africans' collective feet is getting thinner by the day. The country's public finances are as precarious as they have ever been and, even before the economy began shrinking, hundreds of thousands of people were joining the unemployment queue every year. Confronted by the sheer misery of the status quo, the government has resorted to increasingly populist, fiscally unsustainable policies: higher public sector wages, fee-free higher education, uncosted proposals for national health insurance, and an unwarranted resort to amending constitutionally protected rights that has undermined investor confidence yet stands little chance of delivering what its advocates say they want.

PE Business in the news: Teen who raped and murdered EC elderly woman jailed for 25 years

: Promote your business on BuyPE and MyPR. Teen who raped and murdered EC elderly woman jailed for 25 years: PORT ELIZABETH, September 20 (ANA … the teenager went on a crime spree and broke into at least four homes and a business. Judge Dayalin Chetty sentenced Mabope under the Child Justice Act and impose… Source: […] - MyPE News Submit and get free press releases here: MyPR Free Press Release .

Creating Your Own Successful Bitcoin Business-Part 29

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.

Asia Markets: Nikkei again leads widespread Asian-market gains

First Take: Micron forecast creates jitters that big memory-chip party is ending In the aftermath of a super typhoon, Hong Kong races to save its century-old banyans By MarketWatch On 21 September 2018 · Leave a Comment Asian stocks markets were mostly higher in early trading Friday, building on fresh gains seen overnight in Europe and the U.S.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

If you're not online, it's like you don't exist. ‘Disruptive tech' drives business

The hotel and travel industry should look to provide unique experiential offerings to customers in their attempt to respond to technological disruptions threatening the sector. Rom Hendler, founder and chief executive of InnoVel and the previous senior vice president at the world's largest integrated resorts company, the Las Vegas Sands Corporation, told a Gibs forum that hotels would have to shift their focus from location to experience. "The travel and hotel industry is an experience industry.

GLOBAL MARKETS-Asian stocks extend recovery as trade worries take back seat

* Asian shares extend rebound, Nikkei hits 8-month high * Strong earnings outweigh immediate worries on trade By Hideyuki Sano TOKYO, Sept 21 (Reuters) - Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing's and Washington's fresh exchange of import tariffs as less harmful than initially feared. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade, extending the recovery from its 14-month low hit on Sept.

Emerging Markets Economic Events to Nov 30

Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- FRIDAY SEPTEMBER 21 ULAANBAATAR - Central Bank of Mongolia holds monetary policy committee meeting. MONDAY, SEPTEMBER 24 BANGKOK, Thailand - Bank of Thailand Governor Veerathai Santiprabhob speaks at a two-day BOT symposium 2018: The future of money, finance, and central banking - 0200 GMT.

DIARY-Emerging Markets Economic Events to Nov 30

Sept 21 (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.

Abland breaks ground on Menlyn Maine Towers office and dealership

Abland hosted a SOD turning event recently for the development of Premium A Grade Office space situated above Toyota's next dealership. The development of Menlyn Maine Towers is in partnership with Tadvest, Namib Gate and Baroloworld Motor Retail. The office space will boast a proposed 4-star green rating with green building council accreditation.

Dancing with death

And marvelling at the reminder of what our humanity is capable of. The past few weeks have certainly given columnists enough material to keep their keyboards busy: recession, rand in free fall, state capture, and perhaps most important of all, the 10th anniversary of the onset of the great recession. The latter received scant attention yet far outranks any of the parochial issues we and other countries have to deal with.

Culture imperative in facilitating safe workplaces

Creating a safe working environment is a complex issue and requires a concerted effort by all stakeholders over a sustained period of time, posits cement, lime and related products supplier PPC technical and lime executive Hardie de Beer. "It is this understanding that is at the core of PPC's approach to safety at all its operations." De Beer notes that PPC's industry is particularly hazardous, with the environment lending itself to employees being exposed to dangerous machinery and adverse environmental factors such as dust and noise.

SA cities need to unclog their bureaucracy drains to let business flow

While South Africans continue to battle with rising unemployment, poverty and inequality, a World Bank report on doing business in South Africa says there is room for its cities to improve business conditions for small- and medium-sized enterprises. The report, Doing Business in South Africa, compares the regulations and reforms for businesses of 189 economies. The study assesses rules and procedures of doing business in Cape Town, Johannesburg, Mangaung, Tshwane, Msunduzi, Buffalo City, Nelson Mandela Bay, eThekwini and Ekurhuleni.

OPINION: Make sure you have an exit strategy from your business

The #MeToo movement calls for cancellation over explanation Market Extra: Here's when traders began to fall in line with the Fed's projected hiking path By IoL Business Report On 20 September 2018 · Leave a Comment Whether you're running a successful business or you're an aspiring entrepreneur, it's essential to create a solid exit strategy early on.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

PE Business in the news: Teen who raped and murdered EC elderly woman jailed for 25 years

Promote your business on BuyPE and MyPR . Teen who raped and murdered EC elderly woman jailed for 25 years : PORT ELIZABETH , September 20 (ANA … the teenager went on a crime spree and broke into at least four homes and a business. Judge Dayalin Chetty sentenced Mabope under the Child Justice Act and impose… Source: "Port Elizabeth" business - BingNews .

Russian government proposes list of investment projects to business - Interfax

MOSCOW, Sept 20 (Reuters) -* The Russian government has sent to businesses its list of prospective investment projects, which it wants to develop with companies, Interfax news agency reported on Thursday, citing several sources, familiar with the list.* The list contains almost 400 projects worth more than 11 trillion roubles ($166 billion), of which 7 trillion roubles are estimated to be non-government investment, Interfax said.* The list includes projects in transport, energy infrastructure, agriculture, digitalisation, ecology and waste recycling.

MultiChoice now flying solo

Naspers is no longer reliant on its entertainment business cash flow to support new ventures.

ON THE RECORD: Companies behaving badly in South Africa

It's a Thursday which means we've set the next half hour aside for an in-depth discussion. It's time for ON THE RECORD at eight. Tonight we're asking what can be done about companies behaving badly in South Africa.

Two injured when tractor loses Tyre

KwaZulu-Natal: Just before 9am Thursday morning Netcare 911 responded to reports of a collision on the R614 Wartburg. Reports from the scene indicate that a tractors wheel broke off while transporting sugar cane. Two adult males sustained moderate injuries in the incident.

South African rand firms on rate hold, dollar weakness; stocks up

FILE PHOTO: South African Rand coins are seen in this photo illustration JOHANNESBURG (Reuters) - South Africa's rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the U.S. currency slipped to its lowest since July.

How A Millennial Couple Spent Their Last $1,000 To Build An 8-Figure Business

XRP Extends Gains As Anticipation Fuels Rally DCCI calls for more trade between African countries By Forbes Magazine On 20 September 2018 · Leave a Comment Brandon and Kaelin Poulin couldn't afford weekly groceries when they launched their business nearly four years ago. Now, they're running one of the fastest growing e-commerce startups in the weight loss industry.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Business What the launch of BebaBeba could mean for Kenya's taxi industry

Kenyans under the aegis of the Driver and Partners Association of Kenya (DPAK) Over the years, the surge in the number of taxi-hailing companies in Kenya has been tremendous, and so has the competition in the taxi industry as a whole. BebaBeba was birth after a series of agitations by local drivers. So far, Beba Beba (Matutu) operations in Kenya have largely been characterised by unregulated fees, rickety vehicles, conductors and the constant rift with touts.

Nigeria:ACIOE Associates Publishes Guide to Doing Business in Nigeria

[ACIOE] Abuja -The Doing Business Guide in Nigeria is a publication by ACIOE Associates, an advisory services firm, sets out/provides basic information on business and regulatory issues that new investors must know when investing in the Nigerian Business Environment..

GLOBAL MARKETS-Stocks hit new highs as trade worries ease, dollar slips

(Adds oil, gold settlement prices) * Dollar weakens across the board as trade war concerns ebb * MSCI world equity index hits 3-week high * Oil prices fall as Trump tweet slows its * World FX rates in 2018 tmsnrt.rs/2egbfVh By Herbert Lash NEW YORK, Sept 20 (Reuters) - World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S.

Motorcyclist escapes injury after crash in Uvungo

KwaZulu-Natal: At 17H53 Thursday afternoon Netcare 911 responded to reports of a collision on Constanz drive, Uvongo. Reports from the scene indicate that a male in his twenties lost control of his motorcycle slamming into a car. The patient was fortunate to escape serious injuries, he was assessed by Paramedics but declined ambulance transportation to hospital.

#RandReport: Rand firms on rate hold, dollar ebbs

The central bank left its benchmark repo rate at 6.5% on Thursday, with the bank's governor striking a more hawkish note than at the last rate meeting in July. | JOHANNESBURG - The rand firmed to a three-week high against the dollar on Thursday after the and the US currency slipped to its lowest since July.

What Ganesha statues reveal about Indian business

Attend UJ's cloud-based debates on the Fourth Industrial Revolution's effect on our society America can thank Black Twitter for all these new words By The Economist On 20 September 2018 · Leave a Comment Is it green enough? AT THE gate of an old warehouse in Lower Parel, in what was Mumbai's mill district, a cannon fires a burst of confetti to celebrate the exit of a god. The Hindu deity in question is the smiling, elephant-headed Ganesha, who is thought to bring good luck and remove obstacles in people's lives. This Ganesha is 20 feet tall and mounted on a blue cobra throne; he is pushed by a team of young men.

UM holds on to Schwab's media business after review

New Liberian law gives land to generations-old occupants MARKET WRAP: JSE only cheered a little by unchanged interest rate By Advertising Age On 20 September 2018 · Leave a Comment UM's hot streak continues: The IPG Mediabrands-owned media agency has successfully defended its business handling the account of Charles Schwab, the San Francisco-based bank and brokerage firm, following an agency review. "After recently completing a thorough review to ensure that we are making the most effective use of our marketing resources,Schwab decided to retain Universal McCann (UM) as our media agency of record," Schwab spokesman Peter Greenley said in an email. "We have enjoyed a nine year relationship with UM and are confident they are the right partner to help steward our media investments through the exciting opportunities that lie ahead for our firm.

Ease of doing business improves for SA cities - World Bank report

Brett Kavanaugh Testifies Before the Senate Judiciary Committee Blaze Foley's Inevitable Sorrow and Spiritual Success By IoL Business Report On 20 September 2018 · Leave a Comment The Doing Business in SA 2018, analyzes business regulations for domestic small and medium enterprises in nine major cities.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Spotlight on radical agriculture at Durban Business Fair

About R5.5 million has been ploughed by eThekwini Municipality in the last financial year towards empowering and assisting 35 local small farmers. The financial aid did not only help the emerging farmers' to zvwwlaunch their career, but it also ensured that there is transformation in agriculture sector.

JSE firms as markets shift attention from trade war

The JSE firmed on Thursday along with other major global markets as focus shifted from the Sino-USA trade war. Locally, the market was anticipating the interest rate decision by the SA Reserve Bank (SARB) which was released Thursday afternoon. The Monetary Policy Committee (MPC) voted to keep the repo rate unchanged at 6.

Gold wage talks deadlock again between Sibanye and Amcu

JOHANNESBURG - Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," Amcu said in a terse statement. This as Amcu, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

JSE firms as markets shift attention from trade war

The JSE firmed on Thursday along with other major global markets as focus shifted from the Sino-USA trade war. Locally, the market was anticipating the interest rate decision by the SA Reserve Bank (SARB) which was released Thursday afternoon. The Monetary Policy Committee (MPC) voted to keep the repo rate unchanged at 6.

Rand firms on rate hold, dollar weakness

Stocks tick up. The rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the US currency slipped to its lowest since July. Equities rose for a third session in line with global markets that continued to shrug off lingering concerns over the US-China trade war.

UPDATE 1-South African rand firms on rate hold, dollar weakness; stocks up

* Rand firms on rate hold, dollar ebbs * Stocks tick up (Updates prices) JOHANNESBURG, Sept 20 (Reuters) - South Africa's rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the U.S. currency slipped to its lowest since July.

The race for relevance in the 4th Industrial Revolution is on

Technology innovation has the power create new value and African business needs to get on board or risk irrelevance argued industry leaders at a recent Business for Tomorrow conference organised by the UCT GSB Consulting Club in partnership with TedX Cape Town. In Africa, the 4th Industrial Revolution is a conversation about empowerment rather than disruption. So says Herman Singh, the group executive for innovation strategy at MTN.

DStv Premium on a downward spiral, warns tech guru

Tech expert Arthur Goldstuck says DStv's current business model for its Premium users needs urgent fixing. DStv is facing intense competition from streaming service Netflix and other online, on-demand services. Read: DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, explains Goldstuck.

DStv Premium on a downward spiral, warns tech guru

Tech expert Arthur Goldstuck says DStv's current business model for its Premium users needs urgent fixing. DStv is facing intense competition from streaming service Netflix and other online, on-demand services. DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, explains Goldstuck.

JSE opens higher in anticipation of Reserve Bank keeping rates unchanged

Tech's newest unicorn has employees in 45 countries and zero offices Pick n Pay sees jump in HY profits By Business Day On 20 September 2018 · Leave a Comment Banks gain on the stronger rand as Naspers firms despite Moody's warning on MultiChoice unbundling   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Currencies: Dollar slides as British pound and New Zealand's kiwi rally on data

Pick n Pay sees jump in HY profits Steinhoff seeks extra funding to aid Mattress Firm revival By MarketWatch On 20 September 2018 · Leave a Comment The U.S. dollar softens on Thursday, partly due to a buoyant British pound and New Zealand dollar, which were both trading higher on the back of better-than-expected economic data.

BAT CEO to retire after eight years at the helm

Fin24.com | Ramaphosa to unveil economic stimulus package on Friday Review: Nell Stevens's "The Victorian and the Romantic," a Love Letter to Mrs. Gaskell By Business Day On 20 September 2018 · Leave a Comment Nicandro Durante transformed British American Tobacco during his time at the top, and has spent 37 years with the group in total   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

BHP seeks approval for $50 mln U.S. pact over fatal Brazil dam burst

NEW YORK, Sept 20 (Reuters) - BHP Billiton Ltd has asked a U.S. judge to approve a $50 million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine.

SARB holds key rate; paints gloomier outlook

(Bloomberg) - The South African Reserve Bank held its key interest rate at a two-year low as the economy struggles through a recession and policy makers warned that investor sentiment toward emerging markets is a risk to the currency and that inflation pressures are mounting. The Monetary Policy Committee voted to hold the repurchase rate at 6.5 percent Thursday.

BHP seeks approval for $50m US pact over fatal Brazil dam burst

NEW YORK - BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of class-action litigation led by two Alabama pension plans was filed on Wednesday night with the US District Court in Manhattan. It would resolve shareholder claims stemming from the November 5, 2015 bursting of the Fundão dam in Minas Gerais, Brazil's main mining state, at a mine run by Samarco, a joint venture between BHP and Brazil's Vale SA.

Win one of three Alto wine hampers worth 540 each

TERMS AND CONDITIONS Please review the terms of use of this site carefully. Your use of this site indicates your acceptance of these terms and your agreement to follow and be bound by them. Do not use the site if you do not agree to be bound by these terms.

Who Will Be Next?

Manic Monday. Wacky Wednesday. Freaky Friday.

Steinhoff International needs funding to turn around Mattress Firm

Are rich countries more likely to allow dual citizenship? How to Help Your Team Manage Grunt Work By Business Day On 20 September 2018 · Leave a Comment Steinhoff paid $3.8bn for Mattress Firm two years ago after a major spending spree — but has turned into a real headache   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Anglo American GRADUATE P1/P2 INTERNSHIP

We are offering x69 imterns a 12-month opportunity to experience new challenges, showing we are committed to your ongoing development.  External candidates will only be considered from the local communities within and around Amandelbult complex (50km radius). Proof of residence will be required.

Creating Your Own Successful Bitcoin Business-Part 29

[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.

How Connie Ferguson turned her acting passion to a TV business

Durban - TV mogul Connie Ferguson says lack of employer benefits was among the biggest challenges actors faced in the television industry. During her time on Generations, where she spent more than a decade playing the lead role of Karabo Moroka, she admits she received a lucrative salary which sustained her needs. "I was at Generations for 16 years, I was paid very well," she said.

How Connie Ferguson turned her acting passion to a TV business

Durban - TV mogul Connie Ferguson says lack of employer benefits was among the biggest challenges actors faced in the television industry. During her time on Generations, where she spent more than a decade playing the lead role of Karabo Moroka, she admits she received a lucrative salary which sustained her needs. "I was at Generations for 16 years, I was paid very well," she said.

Publications: BDO - Doing Business in SA

South Africa is strategically situated at the tip of the African continent, providing investment and marketing opportunities both within its borders, and to the rest of the African continent. Download our guide to Doing Business in SA to help you make the right decisions when operating in SA..

‘Frustration led to the launch of my property business'

How did you get into real estate?  About nine years ago, my husband and I were looking for a new home. After the experience I had with agents not understanding our needs, I knew I should go into the industry and start my own real estate agency.   What qualities does a successful real estate agent need?  Honesty and integrity are essential, as are knowledge of the purchasing process and the real estate market.

Business The Ghana-Spain entrepreneurship programme is set to empower 2,000 entrepreneurs

Ghana's Ministry of Business Development and the 2,000 young entrepreneurs will benefit from this programme as the government hopes its youth will imbibe the entrepreneurial spirit. They will be attached to Spanish companies to give them firsthand knowledge of how businesses are run. Ghana's Business Development Minister, Mohammed Awal said the objective of the programme is to provide young entrepreneurs with the necessary skills, networks and ability to create businesses that will stand the test of time.

US open for business at AAD 2018

The United States officially opened its pavilion in Hangar 3 at the Africa Aerospace and Defence (AAD) exhibition on Wednesday with both the South African and the US national anthems. Chargé d'Affaires, Jessye Lapenn, stressed the need for partnerships with US firms and the South African defence industry. Lapenn said the aerospace sector especially relied on partnerships.

Western Cape Cabinet Meets Business

Premier Helen Zille says that the Western Cape will continue to build on its status as the financial hub of Sub-Saharan Africa. By building the capable state, the Province has managed to attain the country's lowest unemployment rate. The Western Cape also created more than 40% of South Africa's jobs during the second quarter of 2018.

Business The controversy around Kenya's proposed tax on mobile money services

According to This is coming on the heels of a According to the report, the proposed tax increment bill on mobile money services will now be a subject of debate ahead of the parliamentary sitting in the East African country on Thursday. The document submitted by President Kenyatta proposes that the excise duty on mobile money transfer fees be increased from 10 percent to 12 percent, indicating 2 percent increase in tax. In June, Safaricom, owners of the country's largest mobile money platform, M-Pesa publicly With M-Pesa at the driving seat of the financial revolution in Kenya, many unbanked citizens have been connected through these services.

Drought and business: more action, less rhetoric

South Africa's current drought affects people at home, but more important to our economy is the damage to businesses that you might not expect to be affected. The Western Cape is not the only place in trouble, and as a new El Niño season approaches, the effects will only worsen. The story of the business sector and its water security is essentially the story of our urban water supply.

NEWSFLASH: Man killed in north business robbery

A man was shot and killed on Thursday morning during a business robbery in the north of Pretoria. The man, who was apparently working as a security guard at the business in Klerksoord in Akasia, was killed in the early morning hours. An unknown number of robbers stormed the premises where they killed the man, according to police spokesperson Captain Riana van Aarde.

Business Nandi Madida on why she bought a farm for her son By DESTINY Man Reporter

Nandi Madida on why she bought a farm for her son Print this articl Nandi Madida gives her take on the importance of owning land Going back to her roots inspired musician and actress Nandi Madida to purchase a farm for her son Shaka. For her, a farm symbolises her forefathers' tranquil way of life, which has been lost today in our hectic urban centres. "I was inspired by my family's rural background, where generational wealth was created through working the land and growing the little they had, with a view to passing it on from one generation to the next.

The future of business connectivity

The rise of SD-WAN is changing the way organisations manage their network infrastructure, as it offers a more agile, cost-effective and resilient approach. Imagine a reality where you had bought and paid for a brand new car, but the dealership still had complete control of the vehicle. In short, every time you wanted to take the car out for a drive, check the engine, or even put your bags in the boot, you would have to call the dealership and get their permission first.

Compass Plus Announces Global Expansion of Processing Business

Companies Companies 720 Company 749 Payment News 844 Compass Plus, an international provider of electronic payments and retail banking software to processors and financial institutions, has announced the global expansion of its processing business with its fully compliant, Mastercard and Visa certified UK-based processing centre. Compass Plus is globally known as a payments software vendor, however, the company has been successfully offering processing services to Russia and its neighbouring countries for 25 years. The new UK-based processing centre is a natural extension of this business line, and has been established specifically to offer more deployment options to a wider range of players, and get them to the market even quicker.

Be In The Property Business For Yourself, Not By Yourself

Why property franchising makes good business sense in today's market. Opening a real estate franchise has been a thriving and successful business model in South Africa for decades. Despite the challenges currently facing the South African economy, property will continue to prosper and provide entrepreneurs with an opportunity to own their own successful businesses and become leading members of their local business communities.

Deadly plant disease threatens $250m rose business

The outlook for American-grown roses is becoming a bit less rosy, with the spread of an incurable virus that's causing major damage to the nation's $250-million-a-year rose business. US rose bush producers account for the bulk of that business and face a growing challenge from rose rosette disease, which can kill roses within three years. Its many symptoms include super-thorny stems and clusters of stems called rosettes or witches' brooms.

Europe Markets: Europe stocks on cusp of longest win streak since summer

Fashion is moving faster than ever to the next new thing, and Ssense is selling it OPINION: PAYE is not the employer's money, it's a provisional tax By MarketWatch On 20 September 2018 · Leave a Comment Rio Tinto and banking stocks are helping to lift European stocks to what could be their best win streak since July.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Government Committed to Promoting SA Products in International Markets - Ambassador Sibanda-Thusi

Assisting companies to participate in International trade exhibition such as the World Food Moscow confirms government ‘s commitment to promote South African products to international buyers and consumers. This was said by the South African Ambassador to Russia, Ms Nomasonto Sibanda-Thusi during her interaction with South African businesspeople at the World Food Moscow exhibition currently taking place in Russia. "South African businesses of various product specialisation have an opportunity to showcase, sell, increase their footprint, and convey quality and high standards that South African products possess.

dti: Government committed to promoting SA products in international markets - Ambassador Sibanda-Thusi

Assisting companies to participate in International trade exhibition such as the World Food Moscow confirms government‘s commitment to promote South African products to international buyers and consumers. This was said by the South African Ambassador to Russia, Ms Nomasonto Sibanda-Thusi during her interaction with South African businesspeople at the World Food Moscow exhibition currently taking place in Russia.   "South African businesses of various product specialisation have an opportunity to showcase, sell, increase their footprint, and convey quality and high standards that South African products possess.

Women in Mining

Men continue to outnumber women in many industries and sectors. However, just because you're outnumbered doesn't mean you can't be a huge success. Woman entering the mining industry is a fast growing phenomenon.

Gold wage talks deadlock again between Sibanye and Amcu

JOHANNESBURG - Wage negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," AMCU said in a terse statement. This as AMCU, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

Serabi fills new COO position with Brazilian national

Brazil-focused gold mining and development company Serabi on Thursday announced the appointment of Roney Almeida to the newly established position of COO. Almeida, a Brazilian national and resident in Belo Horizonte, will report to Serabi CEO Mike Hodgson. Almeida has worked in a variety of mining operations both openpit and underground and, as well as gold, also has experience with other ore types including nickel, iron-ore and limestone having worked with companies such as Anglo American, Vale, Votorantim, including a two-year period as a mine manager in Ontario, Canada, and most recently with Compania Siderurgia Nacional in the position of corporate and operations mine manager.

Sanlam to acquire a stake in listed real estate specialist Catalyst Fund Managers

Nersan Naidoo, CEO of Sanlam Investments. Sanlam Investment Holdings (SIH), a wholly owned subsidiary of Sanlam Limited, has entered into agreements to acquire an approximate 69% stake in Catalyst Fund Managers (CFM), a specialist in managing listed real estate investments both in South Africa and globally for retail and institutional investors. This is in pursuit of diversifying and strengthening Sanlam Investments' (SI) current asset management capabilities.

Nigerian Designer Deola Sagoe Heads To Mzansi

What a better way to shape the course of a modern woman? Deola Sagoe will be showcasing her designs at the African Fashion International Joburg Fashion Week in October. Signalling the start of a new fashion calendar, the unequivocal  Joburg Fashion Week 2018 , pioneering in luxury African fashion, is set to take place from 04-07 October. The Nigerian born designer who is known as a visionary with a unique approach to her craft will lead a showcase on 05 October, following her creative evolution in the fashion industry over the years.

Is it time for Africa to teach Europe what democracy and passive racism are?

Picture it. The aftermath of a national election, where senior international observer from a leading European country declares of the election process he has just witnessed: "In all the many election observations I've been on, I have not seen anything that comes close to how undemocratic the voting system is"; and then goes on to say "It is just so far beneath anything remotely resembling European election standards, or anything we would allow, even in Eastern Europe." Combine those comments with incidences in the same election of election officials at voting stations being drunk, ballot papers of some political parties not being available in voting stations, ballot papers for the different political parties being in different colours and having to be selected openly so that everyone in a voting station can see who someone will be voting for when they select their papers, and "family voting" - whereby groups of people are allowed to go into the voting area together.

New financing mechanism protects against climate change

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Rustenburg Golf Day 2018

The Annual RGHS Golf Day was held last week at the Rondebosch Golf Club in windy conditions, with the occasional spot of drizzle. The players cheerfully rose to the occasion and did not let the weather dampen their spirits - to be fair, the fire engine and snow mound filled with drinks on the 18 th green may have helped lighten the mood. The Golf Day was a fundraiser toward the Water Purification project, and thanks to the generosity of players and sponsors, close to R40,000 was raised.

Shares in Tencent-backed Meituan rise on debut in Hong Kong

Hong Kong — Meituan Dianping rose 5% on debut in Hong Kong on Thursday, valuing the Chinese online food delivery-to-ticketing services firm at about $55bn and sending a positive signal to companies lining up to list in the financial hub. The stock's performance is being seen as a test of investor appetite for Hong Kong listings against a backdrop of weak markets and multi-billion dollar initial public offerings (IPOs) that have struggled to rise above their issue price, such as smartphone maker Xiaomi and China Tower. The strong debut also reflects investor confidence that loss-making Meituan can fend off bruising competition from food-delivery platform Ele.

Put your money where robust long-term growth is

The case for South Africans exposing themselves to a leading dollar-denominated emerging markets (EM) fund is a no-brainer. EM's role in driving global growth should not be underestimated, either including or excluding China. EM ex-China accounted for 32% of 2017 real global growth in US-dollar terms, while China alone amounted to an additional 27%.

Steinhoff seeks extra funding to aid Mattress Firm turnaround

(Bloomberg) - Steinhoff International Holdings NV is assessing ways to attract extra funding for Mattress Firm to execute a turnaround of the troubled US bedding retailer. Bought for $3.8 billion two years ago, Mattress Firm has emerged as a headache for Steinhoff as it strives to shore up liquidity following an accounting scandal.

Steinhoff International needs funding to turn around Mattress Firm

Steinhoff paid $3.8bn for Mattress Firm two years ago after a major spending spree — but has turned into a real headache Johannesburg/London — Steinhoff International Holdings is assessing ways to attract extra funding for Mattress Firm to execute a turnaround of the troubled US bedding retailer. Bought for $3.

South Africa's cabinet approves new mining charter

FILE PHOTO: Mine workers employed at Sibanye Gold's Masimthembe shaft operate a drill in Westonaria CAPE TOWN (Reuters) - The South African cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday.Communications Minister Nomvula Mokonyane told reporters that more details about the charter would be announced on Friday by President Cyril Ramaphosa when he unveils a new economic stimulus package.The mining charter could still be the subject of legal challenges from the mining industry, if companies are unhappy with its contents after it is published.

Steinhoff seeks extra funding to aid Mattress Firm revival

The first of two meetings with lenders is scheduled to last for almost 3 1/2 hours. Steinhoff International is assessing ways to attract extra funding for Mattress Firm to execute a turnaround of the troubled US bedding retailer. Bought for $3.

What the banks said to the state capture commission in five classic quotes

The major banks have testified how they closed Gupta bank accounts because the law required them to act when they saw evidence of unexplained and irregular transfers of money. What was really shocking was what happened next. ANC leaders and Gutpa-friendly ministers attempted to intimidate the banks into reopening the accounts at a series of meetings.

Sanlam to acquire a stake in listed real estate specialist Catalyst Fund Managers

Nersan Naidoo, CEO of Sanlam Investments Sanlam Investment Holdings (SIH), a wholly owned subsidiary of Sanlam Limited, has entered into agreements to acquire an approximate 69% stake in Catalyst Fund Managers (CFM), a specialist in managing listed real estate investments both in South Africa and globally for retail and institutional investors.  This is in pursuit of diversifying and strengthening Sanlam Investments' (SI) current asset management capabilities. It provides Sanlam Investments with the opportunity to partner with a credible and well-respected business which has a compelling product offering.

Rio Tinto announces new $3.2 billion share buyback, stock rises

* Share price rises in Australia, London* Miners returning money to shareholders across sector* Lack of good assets to buy (Adds context, share price move)By Barbara Lewis and Chandini MSept 20 (Reuters) - Global miner Rio Tinto will return $3.2 billion to shareholders from its sale of Australian coal assets this year in addition to existing buyback programmes, it said on Thursday.The news helped to drive Rio Tinto's London share price nearly 2 percent higher by 0927 GMT and pushed up the Australian listing by 3.

Gold wage talks deadlock again between Sibanye and Amcu

Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," Amcu said in a terse statement. This comes after Amcu, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village Main Reef under the auspices of the Commission for Conciliation, Mediation, and Arbitration (CCMA).

African Consumers Prefer To Stick With 3G Phones

African woman in a yellow shirt texting message with mobile phone (Photo Credit: www.shutterstock.com) Despite a drop in the prices of entry-level 4G phones, 2G and 3G mobile devices remain far more economical, making it difficult for operators to migrate clients over to newer technologies, says Ramazan Yavuz, a research manager at International Data Corporation (IDC).

BAT CEO to retire after eight years at the helm

Nicandro Durante transformed British American Tobacco during his time at the top, and has spent 37 years with the group in total British American Tobacco (BAT) CEO Nicandro Durante is retiring after eight years at the helm of the global tobacco company. The London and JSE-listed BAT said on Thursday that Durante — who has spent a total of 37 years with group — will leave the group in April. During his eight-year tenure as CEO, Durante oversaw the acquisition of the remaining shares (58%) in the US-based tobacco giant Reynolds in a multi-billion-dollar deal that BAT deemed transformational.

What the banks said to the state capture commission in five classic quotes

'ANC headquarters and Gutpa-friendly ministers attempted to intimidate the banks into reopening the accounts at a series of meetings' The major banks have testified how they closed Gupta bank accounts because the law required them to act when they saw evidence of unexplained and irregular transfers of money. What was really shocking was what happened next. ANC headquarters and Gutpa-friendly ministers attempted to intimidate the banks into reopening the accounts at a series of meetings.

National Recycle Week

Press Release - Tsogo Sun - 14/09/2018 Uniting to stop waste at Montecasino for "You can't change the world; you can't fix the whole environment. But you can recycle." Patti Smith, musician Tsogo Sun and Montecasino, in partnership with Miss Earth South Africa, hosted a Waste Dialogue at the Montecasino Recycling Depot on Thursday, 13 September during Clean-up and Recycle SA Week, to discuss the serious issues presented by unmanaged waste, the vital importance of recycling and the critical roles citizens can play in reducing our impact on the environment.

MultiChoice: the money channel

Potential exists for BEE shares to double in value — despite the lock-in clause Investors in MultiChoice's BEE scheme, Phuthuma Nathi, were the big early winners of Naspers's decision to unbundle the video entertainment group, as those shares shot up 44% immediately after the announcement. Phuthuma Nathi holds 20% of MultiChoice's SA operations, which are believed to account for around 90% of the group's total earnings. JPMorgan has estimated MultiChoice's value at $8bn — which would make the Phuthuma Nathi shares worth around R265 apiece, more than double their current value of R115.

Predictably, Nigeria softens stance on $8bn MTN dispute

JOHANNESBURG — Just like the ridiculous $5.2bn SIM card fine issued to MTN in 2015 (which was subsequently reduced to around $1bn), Nigerian authorities, once again, are living up to their reputation of backing down on threats. There's talk now that officials in that country could tone down the latest $8.

JSE opens higher in anticipation of Reserve Bank keeping rates unchanged

Banks gain on the stronger rand as Naspers firms despite Moody's warning on MultiChoice unbundling The JSE was higher at the opening on Thursday as banks jumped on the likelihood of the Reserve Bank keeping interest rates unchanged later in the day. Analysts said better-than-expected consumer inflation data on Wednesday might result in the Bank's monetary policy committee (MPC) not over-reacting to the possibility of higher inflation later in the year and in 2019 due to the weaker rand and higher oil prices. The weak economy also mitigates against a rate increase with just three of 19 economists in a Bloomberg survey predicting a rate hike.

Vodacom showcases 5G capabilities in official launch

From Creamer Media in Johannesburg, this is the Real Economy Report. Sashnee Moodley: Vodacom has officially launched its standards-based, commercial fifth-generation, or 5G, service in Lesotho, delivering early access technology initially to two enterprise customers, with ambitions of eventually launching the service commercially in South Africa. Natasha Odendaal tells us more.

South African cabinet has approved mining charter: minister

CAPE TOWN (Reuters) - The South African cabinet has approved the latest version of a long-delayed mining charter, Communications Minister Nomvula Mokonyane said on Thursday, adding that more details about the charter would be announced on Friday. Mine workers employed at Sibanye Gold's Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. Picture taken April 3, 2017.

MTN shares surge on positive Nigeria news

MTN Group's shares rose the most in more than six months after the Nigerian central bank softened its stance over claims that Africa's biggest wireless carrier illegally transferred US$8.1-billion out of the country. The Central Bank of Nigeria made the accusation late last month, plunging the South African company into a crisis that's wiped almost a third off its share price.

MTN share price surges as Nigeria softens tone on $8.1 billion claim

MTN Group Ltd's shares rose the most in more than six months after the Nigerian central bank softened its stance over claims that Africa's biggest wireless carrier illegally transferred $8.1 billion out of the country. The Central Bank of Nigeria made the accusation late last month, plunging the South African company into a crisis that's wiped almost a third off its share price.

EPP's turnaround gains traction

The rand hedge property stock still appears to offer value despite a 45% share-price rebound Polish retail property company EPP (formerly Echo Polska Properties) got off to a rocky start when it made its debut on the JSE two years ago. In the first six months the stock slumped 25% from its listing price. Back then, SA investors were clearly not yet buying into the Polish growth story.

MTN surges as Nigeria softens tone on $8.1bn claim

MTN Group [ JSE:MTN ] shares rose the most in more than six months after the Nigerian central bank softened its stance over claims that Africa's biggest wireless carrier illegally transferred $8.1bn out of the country. The Central Bank of Nigeria made the accusation late last month, plunging the South African company into a crisis that's wiped almost a third off its share price.

Huntshu, sazingca ke ngoku!

Iphephandaba lakho, i, likwi phulo lokuphuhlisa noku khuthaza ulwimi lwesiXhosa. Njengenxalenye yeliphulo sithanda ukukhuthaza nokumema abafundi ukuba babe yinxalenye yethu, ngokuthi bazi bandakanye ngokuhlomhla nokuthabatha inxaxheba kuyo yonke into yethu epapashwe kwi . Ungakwenza oko ngokuthi uthumele umyalezo wakho kwezinkcukacha zilandelayo: idilesi ye emeyile: News@cityvision.

Bhisho news: EC SAPS arrest 14 people following taxi strike

EC SAPS arrest 14 people following taxi strike : Santaco said it's been in dispute with the Bhisho Transport Department about issues around scholar transport payments, the failure by the province to institute an escalation subsidy to cushion rising … Source: "Bhisho" - BingNews . Bhisho, metro offer to clear debts of hundreds of poor residents : Hundreds of Motherwell and Uitenhage residents whose homes were repossessed could get them back after Bhisho and the Nelson Mandela Bay municipality stepped in. The municipality has agreed to clear mo… Source: "Bhisho" - BingNews .

Naspers frees cash-rich MultiChoice to take on Netflix

South African media and e-commerce group Naspers' plan to spin off MultiChoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services. The group, which owns a $155 billion one-third stake in Chinese technology giant Tencent, unveiled plans on Monday to hive off MultiChoice to help close a more than 60% discount in its share price to the value of its holding in Tencent. This leaves MultiChoice free to fend for itself in an increasingly competitive market where Netflix is already supplying thousands of viewers with original TV content and Hollywood hits such as "Stranger Things" and "House of Cards".

EMERGING MARKETS-Rand and rouble help healing process, econ plan hobbles lira

LONDON, Sept 20 (Reuters) - Emerging market bargain hunters were out in force on Thursday, snapping up beaten up currencies from South Africa to Russia and driving the main global EM stocks index to a three-week high. The escalating trade war between the world's biggest developing economy China and the biggest full stop, the United States, again failed to dampen the mood as animal spirits returned. There were still some sore wounds.

Asian markets edge up but rally wobbles

Most Asian markets rose on Thursday but their recent rally lost its legs, though emerging market currencies held their own after Beijing's pledge not to weaponise the yuan in its trade standoff with the United States. Regional markets have been on the rise this week after the latest tit-for-tat tariffs from China and the US were considered lenient and allowed for talks, with observers suggesting a further escalation was unlikely in the near term. And while China on Wednesday hit back at Donald Trump's accusation that it is using the trade conflict to affect November's key mid-term elections, the generally upbeat sentiment continued into Thursday morning.

OPINION: Is there an end in sight for emerging markets bloodbath?

JOHANNESBURG - After the initial shocks to the financial system caused by Brexit, which saw global economic indicators such as manufacturing purchasing managers' indices pointing to a contraction in the manufacturing sector, emerging market equities kicked dust in the eyes of developed market equities.  Emerging market equities as measured by the MSCI Emerging Market Index outperformed developed market equities as measured by the MSCI World Index by almost 19 percent in terms of US dollars from January 2016 to March this year.  Since US President Donald Trump started to invoke his emergency authorities by imposing higher import duties and tariff increases and withdrew from important treaties, emerging markets gave away virtually all the gains against mature equity markets since January 2016, underperforming by more than 15 percent since March.

South Africa has no plans to return to international bond markets in 2018

LONDON, Sept 20 (IFR) - South Africa has no plans to issue an international bond in 2018, according to the country's National Treasury, nor has a request for proposals been sent to banks. The sovereign's budget in February made provision for US$9bn to be raised over the next three years via the international capital markets. South Africa printed US$2bn through a dual-tranche bond offering in mid-May, comprised of June 2030s and June 2048s.

SA cities improving business environment

South African cities are making significant strides in improving the ease of doing business, a report by the World Bank Group has found. The report, Doing Business in South Africa 2018, was released by the World Bank this week at an event at the National Treasury. The report is the second edition of the subnational Doing Business series in South Africa.

Everything You Need to Start a Tourism Business In South Africa

It's important to adhere to the regulations of your selected industry, should you open a business. An establishment which does not hold the required documentation like a business license, a certificate of acceptability or liquor license, is committing an offence under the applicable law in South Africa. The offence may be punishable by way of a fine and/or imprisonment.

Minister of Small Business to host 1st Africa Tech Conference: Preparing Entrepreneurs and Business Incubation for the 4th I

Lindiwe Zulu, Minister of Small Business Development will inaugurate the 1st Annual Africa Tech Conference, hosted by the Southern Africa Business and Technology Incubation Association (SABTIA) in partnership with the City of Ekurhuleni and Monash SA, on 25 and 26 September 2018. The two-day conference, held at Emperors Palace in Johannesburg, will focus on innovation in business incubation and acceleration. The conference will bring together field experts and captains of industry to debate the future design and role of business support organisations in stimulating local economic growth and SMME development.

Japan clothing magnate Maezawa chases spot in business firmament

By Sam NusseyTOKYO, Sept 20 (Reuters) - Japanese fashion billionaire Yusaku Maezawa's first meeting with role model and SoftBank Group Corp boss Masayoshi Son came in 2010 when they bathed together - a popular communal activity in Japan - on the 26th floor of the tech giant's headquarters.The next year, the two men teamed up to launch a business in China."If I was to work under somebody it would definitely by Son-san.

Is your business the most innovative?

Facebook Twitter Google+ Pinterest WhatsApp Christel Basson, general manager of Mahareng Publishing Photo: Pierce van Heerden Bloemfontein Courant, in collaboration with FNB Business, is looking for the Most Innovative Local Business in Bloemfontein. The two partners have just launched an exciting new award that will give recognition to local businesses which excel in the field of innovation. According to Christel Basson, general manager of Mahareng Publishing, publishers of Bloemfontein Courant and Get It, the special award and accompanying prizes will be presented to the winner during the Best of Bloemfontein Readers' Choice Awards Ceremony on 18 October 2018.

Britain's Fox planning to scrap EU food standards - Business Insider

Sept 20 (Reuters) - British trade minister Liam Fox is planning to scrap European food standards in order to pave the way for a trade deal with the United States after Brexit, Business Insider reported on Thursday.Fox wants to alter food standards through the trade bill, Business Insider reported, citing sources https://read.bi/2ODxe6p.

360 Biz - Business Against All Odds

Recognising and overcoming the common pitfalls associated with growth is essential if your business is to continue to grow and thrive. Crucially, you need to ensure that the steps you take today don't themselves create additional problems for the future. Effective leadership will help you make the most of the opportunities, creating sustainable growth for the future.

Glencore to issue new bonds

Global diversified miner Glencore has placed a tap issue of nondilutive zero-coupon cash settled guaranteed convertible bonds for $125-million to be consolidated with its $500-million nondilutive bonds due 2025. The new bonds are to be issued on the same terms as the original bonds and, as of the date falling 41 days after the issue date, which is expected to be September 26, the new bonds will be fully fungible and consolidated with the original bonds. Concurrently with the placing of the new bonds, the issuer has bought from one or more hedge counterparties cash-settled call options on shares of Glencore to hedge the increase in its economic exposure to a potential exercise of the conversion rights embedded in the bonds.

Richemont finds a new online paradigm

Interim results to end-September will show just how much of a game-changer the effect of e-commerce will be Rupert family-controlled luxury goods conglomerate Richemont remains one of the default options for investors rattled by a ravaged rand, despite a rather demanding market rating. Not surprisingly, then, Richemont is up around 13% in the year to date on the JSE. But on the Swiss stock exchange the shares are down a disappointing 10%.

Why a move to Mangaung makes business sense

Mangaung has been rated the best-performing metro, as South African cities continue making efforts to improve the ease of doing business although the pace of reforms has been slow in the last three years, a new World Bank Group report released on Wednesday has found. The  Doing Business in South Africa 2018 report, the second in the sub-national series on South Africa, analyses business regulations for domestic small and medium enterprises in nine major cities, focusing on construction permits, getting electricity, registering property, enforcing contracts and trading across borders. The report found that in the three years since the last study, Cape Town, eThekwini, Johannesburg, Mangaung and Nelson Mandela Bay implemented reforms, and that four of the reforms improved the conditions for businesses to obtain electricity, while one made it easier to transfer property.

Britain's Fox planning to scrap EU food standards - Business Insider

Sept 20 (Reuters) - British trade minister Liam Fox is planning to scrap European food standards in order to pave the way for a trade deal with the United States after Brexit, Business Insider reported on Thursday. Fox wants to alter food standards through the trade bill, Business Insider reported, citing sources read.bi/2ODxe6p.

Arch for Arch wins Business and Arts Awards (BASA) Innovation Award

Designed to be a physical representation of Archbishop Desmond Tutu's strength and resilient humanity, the Arch for Arch is a celebration of our constitutional democracy, and one of its prime movers. The monument is a labour of love - an award in itself. "So we're especially honoured to have received the Innovation Award at this year's Business and Arts Awards (BASA) together with Liberty Group SA", reports Design Indaba Weekly .

CIOs in Africa are central to new business models

Digital business is maturing and forcing organisations to change their business models and look to IT to help. Source: pixabay.comHalf of the CIOs in Africa said their organisation has changed or is in the process of changing their business models, and the CIO will have a pivotal role to play, according to Gartner's Annual CIO survey.

360 Biz - Business Against All Odds

Recognising and overcoming the common pitfalls associated with growth is essential if your business is to continue to grow and thrive. Crucially, you need to ensure that the steps you take today don't themselves create additional problems for the future. Effective leadership will help you make the most of the opportunities, creating sustainable growth for the future.

The World Bank's Doing Business in SA 2018 Report

The main goal behind the study is to cover where business regulation constraints business and where it enables business." Doing Business in South Africa 2018, the second in the subnational series on South Africa, covers Buffalo City, Cape Town, Ekurhuleni, eThekwini, Johannesburg, Mangaung, Msunduzi, Nelson Mandela Bay and Tshwane. They are assessed on four Doing Business areas: Dealing with Construction Permits, Getting Electricity, Registering Property and Enforcing Contracts.

VW to stop doing business in Iran - Bloomberg

Volkswagen has bowed to American pressure stemming from the United States rejection of the multi-party nuclear deal and will end almost all business in Iran, Bloomberg News reported on Wednesday. The accord was reached on Tuesday after weeks of talks between the German auto giant and the administration of President Donald Trump, said Richard Grenell, the US Ambassador to Germany, according to Bloomberg. Still an exception VW will still be able to do some business in Iran under a humanitarian exception, Bloomberg added.

VW to stop doing business in Iran - Bloomberg

Volkswagen has bowed to American pressure stemming from the US rejection of the multi-party nuclear deal and will end almost all business in Iran, Bloomberg News reported Wednesday. The accord was reached Tuesday after weeks of talks between the German auto giant and the administration of President Donald Trump, said Richard Grenell, the US Ambassador to Germany, according to Bloomberg. VW will still be able to do some business in Iran under a humanitarian exception, Bloomberg added.

Harmony to generate R4bn cash, but may yet have to tap market

By David McKay - September 19, 2018 Share on Facebook Tweet on Twitter Hidden Valley, Papua New Guinea WHILST companies like South32 would appear to have cash to burn, the same couldn't be said of Harmony Gold which is in a whole different universe in terms of balance sheet firepower. In fact, analysts think it may have to turn to equity in order to finance its next major transition. From its very beginnings in the Nineties, Harmony Gold was a company that built a strategy on buying mines other firms couldn't manage profitably.

Loeries scholarship for study in brand communication now open

The Loeries Creative Future Scholarship has just opened for applications. The scholarship provides an opportunity for an aspiring Grade 12 learner, with financial need, to study a three-year degree in brand communication in Johannesburg. Scholarship applications close on Friday, 19 October.

Nigeria softens on MTN as it seeks to end $8bn dispute

Wireless carrier has provided additional information to Nigerian authorities that may lead to an ‘equitable resolution'. Nigeria wants to end a dispute with MTN Group over a claim that Africa's biggest wireless carrier illegally transferred $8.1 billion out of the country, an indication relations between the two parties have started to thaw.

Adapting equity positions quickly is key

When managing assets, understanding risks and having the ability to adapt equity positions quickly in a portfolio is crucial to minimising losses and improving profit opportunities, according to Franco Pretorius, Head of Equity Research at PSG Wealth. At the same time, it's crucial to trade the positions at fair prices without high transaction costs.  Being forced to change equity positions too quickly could result in paying too much for a purchase order or receiving too little for a sell order.

Diversification is becoming an industry hot topic

Since the beginning of 2017, global economies have seen rapid growth off the back of significantly strong head winds which are being driven by consumer demand to find alpha. While this is only being felt in South Africa now, the question that is being asked around the world is pertinent to the South African market. That question is: how do we diversify our client's investments so that alpha is not illusive?   Take heart The question about diversification was one of the pertinent topics that was discussed at the recently held Navigate Seminar, which was hosted by Glacier by Sanlam.

WATCH: State capture revelations that left us gobsmacked

Financial Mail editor Rob Rose Editor is joined by some of SA's top journalists to discuss the stories making the news this week in the latest edition of Editing Allowed. The banks have been testifying at the inquiry into state capture. Standard Bank's testimony on Monday directly linked the ANC and Gwede Mantashe to the scandal.

Nigeria softens stance on MTN, seeks end to dispute

MTN Group CEO Rob Shuter Nigeria wants to end a dispute with MTN Group over a claim that Africa's biggest wireless carrier illegally transferred US$8.1-billion out of the country, an indication relations between the two parties have started to thaw. The Central Bank of Nigeria made the accusation late last month, plunging the South African company into a crisis that's wiped almost a third off its share price.

Diversity saves Remgro as reinvestments eat into gains

JOHANNESBURG - Investment Holding company Remgro was saved blushes by its diverse portfolio as reinvestments and option remeasurements ate into gains made from robust banking and insurance platforms, RCL Foods, Total and higher finance income.  A lower contribution from Mediclinic as well as transaction costs incurred on the Distell ownership restructuring and the Unilever Spreads business acquisition saw headline earnings for the year to June increase by a marginal 4.3?percent from R8?221?million to R8?573m.

Nigeria seeks resolution to $8.1-billion dispute with MTN

Nigeria wants to end a dispute with MTN Group Ltd. over a claim that Africa's biggest wireless carrier illegally transferred $8.1 billion out of the country, an indication relations between the two parties have started to thaw.

Put your money where robust long-term growth is

The case for South Africans exposing themselves to a leading dollar-denominated emerging markets (EM) fund is a no-brainer. EM's role in driving global growth should not be underestimated, either including or excluding China. EM ex-China accounted for 32% of 2017 real global growth in US-dollar terms, while China alone amounted to an additional 27%.

Nigeria seeks resolution to MTN dispute over $8.1 billion claims

Nigeria is seeking to resolve a dispute with MTN Group Ltd over a claim that Africa's biggest wireless carrier illegally transferred $8.1 billion out of the country, an indication relations between the two parties have started to thaw. The Central Bank of Nigeria made the accusation late last month, plunging the South African company into a crisis that's wiped almost a third off its share price.

UK Stocks-Factors to watch on Sept. 20

Sept 20 (Reuters) - Britain's FTSE 100 index is seen opening 7 points higher at 7,338 on Thursday, according to financial bookmakers. * BAT: British American Tobacco Plc said on Wednesday its board has identified a lead candidate to succeed Chief Executive Nicandro Durante, who has said he intends to retire on April 1, 2019, after nearly 37 years with the company. * ASTRAZENECA: With smart cancer diagnostics, one-stop-shop diabetes kits and AI systems to improve ambulance pick-ups for patients with chest pain, AstraZeneca aims to move from simply supplying drugs to become a broad healthcare provider in China.

JSE proposes changes to regulation policies

PRETORIA - The JSE is proposing sweeping changes to tighten listing rules.   The proposals aim to restore investor confidence about listed companies after a range of corporate scandals shook the markets. It's publicised a consultation paper in a bid it to review its responsibilities and strengthen aspects of regulation.

LUMKILE MONDI: Reserve Bank must be allowed to keep doing its own thing

Life Healthcare finally exits its Indian business Drawn-out battle for control of Sky may end in rare auction to decide its fate LUMKILE MONDI: Reserve Bank must be allowed to keep doing its own thing By Business Day On 20 September 2018 · Leave a Comment The Bank is one of the few SA institutions that has withstood the hollowing out of public institutions by the ANC and well-connected individuals   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

World Bank survey: Cape Town is ‘fastest in issuing permits and approvals',

Life Healthcare finally exits its Indian business Drawn-out battle for control of Sky may end in rare auction to decide its fate By Business Day On 20 September 2018 · Leave a Comment Joburg now performs well in registering property and getting electricity, which was an area of improvement, ease of doing business study shows   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

JSE polishes its image of integrity after a torrid period

JOHANNESBURG - The JSE yesterday moved to secure the integrity of the country's financial markets after a torrid few months which have seen corporate scandals become the norm.  The local bourse released a discussion paper that is suggesting a raft of changes to strengthen regulations around primary and secondary listings.  "While the JSE is reviewing areas within its mandate, we do not suggest that we have solutions for the ecosystem as a whole," said JSE chief executive Nicky Newton-King.

Cash-flush Remgro targets investments

The investment behemoth has about R6bn in its corporate coffers Investment behemoth Remgro, which is controlled by the Rupert family, is once again cash flush with about R6bn in its corporate coffers. Remgro has traditionally held on to a large cash pile as an insurance policy for dividends in leaner times. But in recent years the group incurred debt to back one of its biggest investments — private hospitals group Mediclinic International.

Why Aspen is ripe for a takeover

Fall in share price means pharmaceutical giant could be a target — but its healthy monthly profit gives it options Stephen Saad's phone must be ringing off the hook from prospective buyers of pharmaceutical company Aspen, after its surprise 31% share price drop in the past week left the stock at its cheapest level yet. It must have unnerved Saad, 54, who founded the group 21 years ago in a house in Durban, as it came after full-year results that weren't awful: revenue was up 3% to R42.5bn and pre-tax earnings rose 5% to R12bn.

MMI learns the tough realities of Africa

The company is exiting its operations in Mauritius, Mozambique, Tanzania, Zambia and Swaziland A number of SA companies are learning the hard way that the so-called untapped African markets aren't always ripe for exploitation. Earlier this month, as the woes of Standard Bank and MTN in Nigeria deepened, SA's third-biggest insurer, MMI, said it would complete its exit in seven African countries over the next 12 months. The reality in markets that include Zambia, Mozambique and Tanzania turned out to be worlds apart from what MMI had envisaged.

Patrice Motsepe's African Rainbow Capital soars

Patrice Motsepe's venture with former Sanlam executives has its fingers in many pies — and its own bank could be next African Rainbow Capital (ARC) is a good example of how BEE capital should be put to work. While little is heard about what, say, Wiphold and Brimstone have done with the proceeds from Old Mutual's empowerment deal, Sanlam's empowerment partner Ubuntu-Botho Investments (UBI) has reinvested some proceeds into ARC, a new investment company. The investment in Sanlam has created significant wealth.

Life Healthcare finally exits its Indian business

SA's third-biggest private hospital group, Life Healthcare, is finally exiting its Indian business after almost a year's talks. It said on Wednesday it will sell its stake in Max Healthcare to global investment firm Kohlberg Kravis Roberts (KKR) for about R4.3bn.

Haunted by Steinhoff implosion Phumelela boss calls it quits

JOHANNESBURG - Phumelela Gaming and Leisure chief executive Rian du Plessis yesterday resigned, as fears mounted that the horse racing and betting group risked being tainted following the implosion of retail giant Steinhoff International. Du Plessis quit after 10 years at the helm of the company, allegedly as shareholders raised concerns about his close relationship with former Steinhoff chief executive Markus Jooste and Phumelela's exposure to the ailing furniture retailer. Jooste's horse management company, Mayfair, holds the second biggest shareholding in Phumelela through Kalamojo Trading and Investment, and owns a 9?percent stake of the company.

Life Healthcare finally exits its Indian business

And now for something venison Battle intensifies against Chinese gangs behind abalone poaching By Business Day On 20 September 2018 · Leave a Comment Stake in Max Healthcare finally to be sold to investment firm Kohlberg Kravis Roberts after tepid returns   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Haunted by Steinhoff implosion Phumelela boss calls it quits

The Wall Street Journal: Calpers may hire China's foreign-exchange regulator as its investment chief Fin24.com | BOOK REVIEW: Don't just trust your gut - make better decisions when stakes are high By IoL Business Report On 20 September 2018 · Leave a Comment Rian du Plessis resigned as fears mounted that the horse racing and betting group risked being tainted following the Steinhoff implosion.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Steinhoff and friends spark tighter JSE regulation

The Steinhoff scandal sparked many things, including a lot of finger pointing, as to where the blame should lie. One of those accused from the auditors to the analysts was the Johannesburg Stock Exchange, the location of Steinhoff's secondary listing. While the JSE may have not had the means to wholly prevent the fallout from the accounting scandal, there are some measures it can take to prevent a repeat occurring.

Cash-flush Remgro targets investments

The investment behemoth has about R6bn in its corporate coffers Investment behemoth Remgro, which is controlled by the Rupert family, is once again cash flush with about R6bn in its corporate coffers. Remgro has traditionally held on to a large cash pile as an insurance policy for dividends in leaner times. But in recent years the group incurred debt to back one of its biggest investments — private hospitals group Mediclinic International.

Life Healthcare finally exits its Indian business

Stake in Max Healthcare finally to be sold to investment firm Kohlberg Kravis Roberts after tepid returns SA's third-biggest private hospital group, Life Healthcare, is finally exiting its Indian business after almost a year's talks. It said on Wednesday it will sell its stake in Max Healthcare to global investment firm Kohlberg Kravis Roberts (KKR) for about R4.3bn.

Life Healthcare finally exits its Indian business

SA's third-biggest private hospital group, Life Healthcare, is finally exiting its Indian business after almost a year's talks. It said on Wednesday it will sell its stake in Max Healthcare to global investment firm Kohlberg Kravis Roberts (KKR) for about R4.3bn.

WATCH: The World Bank on doing business in SA

The World Bank released its 2018 report on Doing Business in SA, the report compares business regulations for SMEs in nine urban areas and four maritime ports to show whether the regulations enhance or constrain business activity. The report says there have been some improvements in the ease of doing business in the country, but the pace of change is slow. Moussa Traore, World Bank project leader of the sub-national doing business unit, joined Business Day TV to discuss the findings of the bank's report in greater detail.

Pan African's rapid turnaround removes false notions on doing business in SA

JOHANNESBURG (miningweekly.com) - South Africa was on Wednesday reaffirmed as a country where business is able to do what is required, when London- and Johannesburg-listed gold mining company Pan African Resources outlined the remarkably efficient manner in which this country's regulatory environment facilitated the closure of a lossmaking underground mine in three months, and the building from scratch of a business-boosting R1.7-billion surface gold project in a country record of ten months.

TZANEEN: Business Chamber Luncheon tomorrow

The second last Tzaneen Chamber of Commerce business luncheon of 2018 will be held tomorrow, Friday, at [email protected] Tzaneen. This month's guest speaker is Craig Spencer from Balule Nature Reserve. Craig is the Founder & Manager of Black Mamba Anti-Poaching Unit as well as Head Warden and Senior Ecologist of Balule Nature Reserve.

Life Healthcare finally exits its Indian business

Stake in Max Healthcare finally to be sold to investment firm Kohlberg Kravis Roberts after tepid returns SA's third-biggest private hospital group, Life Healthcare, is finally exiting its Indian business after almost a year's talks. It said on Wednesday it will sell its stake in Max Healthcare to global investment firm Kohlberg Kravis Roberts (KKR) for about R4.3bn.

JSE proposes changes to regulation policies

PRETORIA - The JSE is proposing sweeping changes to tighten listing rules.   The proposals aim to restore investor confidence about listed companies after a range of corporate scandals shook the markets. It's publicised a consultation paper in a bid it to review its responsibilities and strengthen aspects of regulation.

Market Research Wrap: SA media, entertainment outlook to 2022

Cheryl Hunter (research at marklives.com) 's weekly wrap of the latest market and consumer research: Convergence across Africa Click to enlarge to view clearly. Africa's entertainment and media industry has entered a third wave of convergence, with the borders that once separated the entertainment and media (E&M), technology and telecommunications industries blurring in a world that is rapidly digitising.

Fair Exchange: Challenges with shifting from agency to client-side

by Erna George ( @ edgeo23 ) While chatting to an ad agency colleague recently, we were lamenting the often-encountered mindset of wanting to pop between spaces to progress or to move to ‘sexier' tasks and territories. Our stories reflect two things: hard work is fairly key to progressing faster; and, while the concerns and considerations for agency and client-side are similar, there are distinct differences that must be taken into account when considering a shift between the two worlds. Not a simple shift Experience across both is a great asset but don't make the mistake of assuming it's a simple shift.

Swiss shell company Charles King launches legal bid for Optimum

The business rescue practitioner working to stabilise and sell Gupta-owned mines and operations is facing the 44th legal bid for 2018 to scupper its efforts, this time from Swiss shell company Charles King. One of the assets in question is the Optimum Coal mine and terminal, which was central to former public protector Thuli Madonsela's state of capture report. It detailed how, under the tumultuous tenure of former president Jacob Zuma, Eskom officials forced the sale of Optimum by Glencore and then helped the politically connected Gupta family to buy it.

How Pan African turned in its first loss in 11 years

For the first time in 11 years Pan African Resources reported an annual loss, with a R1.78bn impairment against its shuttered Evander mine contributing to the company's decision to withhold its dividend. Pan African became a gold producer in 2007 after six years as a loss-making exploration company dabbling in the Central African Republic, Ghana and Mozambique.

Naspers: multiple choices ahead

Why is Naspers shedding MultiChoice if it thinks so highly of its growth prospects — and what of its own future? The market hardly gave Naspers a round of applause for proposals to unbundle and separately list its video entertainment group MultiChoice on the JSE. The tech conglomerate's share price, at midday on Tuesday, was largely unmoved. One suspects that a rousing ovation would be reserved only for when Naspers unbundles its 31% stake in Chinese internet giant Tencent — an event unlikely to transpire any time soon, or ever.

Has Massmart lost its game?

Why has Massmart failed to live up to the expectations unleashed after US retail giant Walmart bought half the company five years ago? It's a solid enough operation that has consistently increased turnover, but the share price has seriously underperformed its peers, raising questions of how long it can hold back the flood — and whether its American parent will stay on board.

What are the chances of Walmart exiting Africa?

For all its slower-than-expected growth, Walmart's African operation has been reliably profitable and has more than doubled turnover — and Massmart's had no indication that it wants to pare down.

EDITORIAL: Inside the JSE's plan to restore trust

The JSE says recent events have highlighted the need for it to review its responsibilities and strengthen its rules on listings The JSE has heard the stinging criticism directed at it in recent months. This week, the continent's largest stock exchange released a consultation paper aimed at "improving its regulatory approach to new and existing listings". It's a welcome step, given the collapse of Steinhoff in December, allegations that property group Resilient has been manipulating its share price, and criticism of the JSE for listing flops like the Gupta-owned Oakbay Resources.

EDITORIAL: Naspers flips switch

As welcome as any measure is to realise value for investors, there may be other factors that forced Naspers's hand It is tempting to view the proposed unbundling and listing of MultiChoice on the JSE as a sign that technology giant Naspers is finally listening to investor calls to unlock value. As welcome as any measure is to realise value for investors, there may be other factors that forced Naspers's hand. The company has over the past few months incessantly moaned about what it termed "unfair and unregulated" competition in the form of Netflix, which has been luring away DStv subscribers to its (much cheaper) streaming service.

China's top iron ore trading platform eyes record volumes on robust steel output

By Manolo Serapio JrDALIAN, China, Sept 20 (Reuters) - Volumes at China's biggest physical iron ore trading platform may hit record levels this year, with demand for the steelmkaing raw material pushed up as steel output has been strong despite pollution-linked curbs, its president said.Volumes traded on the Beijing Iron Ore Trading Center Corporation (COREX) from January to mid-September have risen 20 percent from the same time in 2017 to 24 million tonnes, and are on course to beat last year's total of 33.6 million tonnes, said company president You Song.

Rio Tinto announces $3.2 bln share buyback programme

(Adds details on coal assets)Sept 20 (Reuters) - Global miner Rio Tinto said on Thursday it will return $3.2 billion to shareholders following the recent sale of some Australian coal assets.Rio said it will conduct an off-market share buyback for up 41.

Mirror, Mirror…in the Mall

To celebrate Women's Month, The Foschini Group set out to highlight the natural beauty of women through a fun and interactive digital activation at Sandton City Mall. Experiential activations agency, Living Masks, tasked Moving Tactics, South Africa's leading digital signage solutions company, with the job of providing a solution that would attract shoppers' attentions and encourage participation and interaction. There also had to be a way that mall-goers could quickly and easily share the interactive digital activation experience via social media.

Mosebenzi Zwane ‘leaned on CEO to keep Gupta accounts open'

Nedbank group CEO Mike Brown says Zwane put pressure on the bank to keep the Gupta accounts open The testimony by witnesses from SA's major banks has pointed to former mineral resources minister Mosebenzi Zwane as the key player fighting against a decision to close the Gupta family's bank accounts. Nedbank group CEO Mike Brown told the state capture inquiry on Wednesday that he had met with Zwane after a request from the interministerial committee, which was set up by cabinet in 2016 to engage the banks after the closure of Gupta-linked bank accounts. The Guptas, former president Jacob Zuma and his son Duduzane are at the centre of the state capture web.

Asia Markets: Asian markets mostly rise, as Nikkei eyes 5th straight gain

The Day the Economy (Almost) Died By MarketWatch On 20 September 2018 · Leave a Comment Asian stock markets mostly rose modestly in early trading Thursday, continuing recent gains fueled by investors setting aside trade concerns for now.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

PRESS DIGEST- British Business - Sept 20

Sept 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The Pensions Regulator has been asked to explain its handling of the Kodak retirement scheme after Frank Field questioned whether the watchdog had done enough to protect its members.

Doing business within South African cities has become easier

The ease at which business can be conducted within South African cities has vastly improved. But the pace at which this transformation has been occurring seems to have slowed down over the last three years. This revelation was made at the launch of the Doing Business in South Africa 2018 report in Pretoria on Wednesday.

R1.2m raised for charity at the 44th Nederburg Auction

The Charity Auction was held during a gourmet dinner braai on the Friday evening where not even the freezing cold temperatures held bidders back. Going once, going twice…with those words, auctioneer, Roland Peens of Wine Cellar, got bidders digging deep into their pockets to support a worthy cause - early childhood development.  And without fail, the bidders duly obliged.

British American Tobacco has candidate to replace retiring chief exec

(Adds company saying it has a lead candidate to replace Durante)Sept 19 (Reuters) - British American Tobacco Plc said on Wednesday its board has identified a lead candidate to succeed Chief Executive Nicandro Durante, who has said he intends to retire on April 1, 2019, after nearly 37 years with the company.BAT said a further announcement will be made in due course.Sky News earlier said Durante was preparing to step down in the wake of a sector-wide share price decline prompted by investor concerns over slowing sales growth.

PRESS DIGEST- British Business - Sept 20

Sept 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The Pensions Regulator has been asked to explain its handling of the Kodak retirement scheme after Frank Field questioned whether the watchdog had done enough to protect its members.

PRESS DIGEST- Financial Times - Sept 20

Sept 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines London mayor steps up battle against surge in violent crime on.

UPDATE 1-Rio Tinto announces $3.2 bln share buyback programme

(Adds details on coal assets) Sept 20 (Reuters) - Global miner Rio Tinto said on Thursday it will return $3.2 billion to shareholders following the recent sale of some Australian coal assets. Rio said it will conduct an off-market share buyback for up 41.

Skyscrapers, art and financial bubbles

Harvard lecturer Dr Vikram Mansharamani explains how unconventional indicators can help navigate uncertainty. Unconventional indicators such as art and skyscrapers can assist investors in identifying where financial bubbles may be brewing, the Alexander Forbes International Financial Advisors (IFA) Symposium has heard. US economist and author Dr Vikram Mansharamani says even though it may sound unconventional, he has used the common stock price of art auction house Sotheby's as a potential indicator of financial bubbles.

Dividends can be sexy

The contribution they make to returns is often unnoticed, but over time is significant. When talking about shares, the aspect taht tends to get the most attention is price growth. Discussions around the braai are about how Amazon has gone from $100 a share in 2009 to $1 900 a share today, or how the Naspers share price more than doubled between the start of 2015 and the end of last year.

Mosebenzi Zwane ‘leaned on CEO to keep Gupta accounts open'

Nedbank group CEO Mike Brown says Zwane put pressure on the bank to keep the Gupta accounts open The testimony by witnesses from SA's major banks has pointed to former mineral resources minister Mosebenzi Zwane as the key player fighting against a decision to close the Gupta family's bank accounts. Nedbank group CEO Mike Brown told the state capture inquiry on Wednesday that he had met with Zwane after a request from the interministerial committee, which was set up by cabinet in 2016 to engage the banks after the closure of Gupta-linked bank accounts. The Guptas, former president Jacob Zuma and his son Duduzane are at the centre of the state capture web.

Heritage Month: Esther Mahlangu gives feather-light masterclass at National School of the Arts

Ndebele painter and traditional artist Esther Mahlangu in her traditional dress. (Photo by Gallo Images/Drum/Mduduzi Ndzingi) 2011/03/17 On Wednesday the National School of the Arts hosted a session with renowned painter Esther Mahlangu in celebration of Heritage Month. A class of 31 pupils from Grades 11 and 12 painted Ndebele designs under the tutelage of Mahlangu.

Shares keep falling even though Aspen spells out details of business

The company has lost more than a third of its value, or nearly R100 per share, since it released its results Aspen Pharmacare's shares slid another 8% on Wednesday even as the group issued a statement clarifying certain aspects of its business to stem a sell-off. This means the company has lost more than a third of its value, or nearly R100 per share, since it released results for the year ended June on September 13 and said it would sell its nutritionals business for less than the market expected. A voluntary clarification announcement on Wednesday failed to arrest the decline, with the share closing at R173.

Ease of doing business in SA cities on the mend: Report

A newly released World Bank report has highlighted that not one South African city made progress in the ease of doing business, but there were improvements in some areas.  The report further shows that the pace of reform has been slow for the last three years, despite some cities making efforts to improve. The second edition of the report titled "Doing Business in South Africa 2018" shows that business regulation for domestic businesses and SMME 's in the nine cities still remains complex and bureaucratic.

Taxi strike knocks EC business

Production at a standstill at several factories throughout the province East London businesses were still quantifying their losses on Wednesday as the taxi strike forced production to a standstill at several factories throughout the region. Many of these firms, which contribute significantly to the province's economy, were forced to shut as employees struggled to get to work due to Wednesday's taxi shutdown. This article is reserved for registered DispatchLIVE readers.

Nomonde Zulu on the Soweto Local Business Imbizo

Tensions escalated in Soweto at the local business Imbizo. With talks dissolving into chaos after small business owners stormed out of the meeting. Their position remains fixed - government must remove Foreign business owners.

Fin24.com | Slow progress in business environment reforms for SA cities - World Bank

MARKET WRAP: JSE flat as big guns fall on firmer rand, while banks gain Key Words: Tesla is ‘headed to the graveyard,' warns iconic member of Detroit's old guard By fin24.com On 19 September 2018 · Leave a Comment A new report by the World Bank has shown that the ease of doing business in major South African cities varies significantly.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Speech by Deputy Minister Mondli Gungubele, at the Doing Business in South Africa 2018 Report

SPEECH BY DEPUTY MINISTER OF FINANCE MR MONDLI GUNGUBELE LAUNCH OF SUBNATIONAL DOING BUSINESS REPORT DATE: 19 SEPTEMBER 2018 Executive Mayors, Mayors, City Managers and other representatives of city governments; Representatives of the South African Local Government Association and of the South African Cities Network; The Director-General and other senior managers and staff of the National Treasury and of other national departments present; Representatives of the World Bank, the International Finance Corporation, the Swiss State Secretariat for Economic Affairs, and other international co-operation partners; Representatives of the business sector; Academics and researchers; representatives of the media and of press organisations; Ladies and gentlemen, The National Treasury welcomes you to this launch of the `Doing Business in South Africa 2018' report. This is the second such report we have launched. In June 2015, we launched `Doing Business in South Africa 2015'.

Slow progress in business environment reforms for SA cities - World Bank

A new report by the World Bank shows that the ease of doing business in major South African cities varies significantly, with slow reforms implemented over the last three years. The report was commissioned by the National Treasury. The report, titled 'Doing Business in South Africa 2018', surveyed nine major municipalities, namely Cape Town, Buffalo City, Ekurhuleni, eThekwini, Johannesburg, Mangaung, Msunduzi, Nelson Mandela Bay and Tshwane.

Chief executive of British American Tobacco is preparing to step down- Sky News

Sept 19 (Reuters) - The chief executive of British American Tobacco Nicandro Durante is preparing to step down in the wake of a sector-wide share price decline prompted by investor concerns over slowing sales growth, Sky News reported on Wednesday. Durante is expected to leave the company at some point in the next year and likely to be replaced by an internal candidate, Sky News said, citing sources. The precise timing of an announcement about the succession plan is unclear and one source told Sky it may not be imminent.

KZN entrepreneur empowers community through employment

Fin24.com | Unbundling of MultiChoice weakens Naspers business diversity - Moody's Capitol Report: Repatriated profits total nearly $500 billion after Trump tax cuts By IoL Business Report On 19 September 2018 · Leave a Comment Businesswoman Lelly Mntungwa, saw a gap in the market when a leading retailer closed to start her own clothing factory.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Nick Flynn Reads Zoë Hitzig

Fin24.com | Unbundling of MultiChoice weakens Naspers business diversity - Moody's Capitol Report: Repatriated profits total nearly $500 billion after Trump tax cuts By The New Yorker Business On 19 September 2018 · Leave a Comment Nick Flynn joins Kevin Young to read and discuss Zoë Hitzig's poem "Objectivity as Blanket" and his own poem "The King of Fire." Read the full article here.

Fin24.com | Unbundling of MultiChoice weakens Naspers business diversity - Moody's

Cape Chamber of Commerce happy about Alan Winde's nomination for province's premier Capitol Report: Repatriated profits total nearly $500 billion after Trump tax cuts By fin24.com On 19 September 2018 · Leave a Comment The decision by Naspers to unbundle its video entertainment operation is credit negative for lenders, ratings agency Moody's says in a research note.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

South Africa's rand firms on positive consumer inflation data

Illustration photo of South African rand JOHANNESBURG (Reuters) - South Africa's rand gained more than 1 percent on Wednesday after better than expected inflation data cooled bets the central bank would raise lending rates at its meeting on Thursday. Stocks were fractionally higher for a second session in line with global markets which rallied to shrug off the latest development in the trade spat between the U.S.

Pedestrian hospitalised after running into side of taxi in Durban

KwaZulu-Natal: At 10H42 Wednesday morning Netcare 911 responded to reports of pedestrian-vehicle collision on Glenugie road, Pinetown. Reports from the scene indicate that a 12-year-old male ran into the side of a mini-bus taxi. The patient sustained facial injuries and was treated on scene then transported to hospital by another private ambulance service to hospital for further treatment.

Motorcyclist airlifted to hospital following crash on Cedar road in Sandton

Gauteng: At 16H19 Wednesday afternoon Netcare 911 responded to reports of a collision on Cedar Avenue in Sandton. Reports from the scene indicate that the driver of a motorcycle lost control after he was side-swiped by a car. The bike hit a Pedestrian and then a fence.

JSE inches higher as inflation slows

The JSE barely closed firmer on Wednesday mainly on the back of gains recorded in the financials and resources indices. On the economic data front, Statistics SA released inflation numbers for August which came in better than forecasted. Year-on-year (y/y) the Consumer Price Index (CPI) slowed down to 4.

The JSE is considering stricter rules on listings, here's why

Africa's biggest securities exchange published its proposals in a public consultation paper circulated on Wednesday. JOHANNESBURG (Reuters) - The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance.Africa's biggest securities exchange published its proposals in a public consultation paper circulated on Wednesday, aiming to ease investor concerns about listed companies following recent high-profile corporate scandals.

JSE looks to tighten listing rules

The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance. Africa's biggest securities exchange published its proposals in a public consultation paper circulated on Wednesday, aiming to ease investor concerns about listed companies following recent high-profile corporate scandals. The paper proposes increasing the capital amount required for a primary listing from 500 million rand ($34 million), but did not suggest a new minimum level.

UPDATE 1-South Africa's rand firms on positive consumer inflation data

* Rand over percent firmer on positive consumer inflation * Stocks flat as Aspen extends losses (Update figures and prices) JOHANNESBURG, Sept 19 (Reuters) - South Africa's rand gained more than 1 percent on Wednesday after better than expected inflation data cooled bets the central bank would raise lending rates at its meeting on Thursday. Stocks were fractionally higher for a second session in line with global markets which rallied to shrug off the latest development in the trade spat between the U.S.

Mirror, Mirror…in the Mall

#IAMALLWOMAN #IAMPERFECT Foschini campaign To celebrate Women's Month, The Foschini Group set out to highlight the natural beauty of women through a fun and interactive digital activation at Sandton City Mall. Experiential activations agency, Living Masks, tasked Moving Tactics, South Africa's leading digital signage solutions company, with the job of providing a solution that would attract shoppers' attentions and encourage participation and interaction. There also had to be a way that mall-goers could quickly and easily share the interactive digital activation experience via social media.

Business Nordic Investment Bank is partnering with Afreximbank to bridge the infrastructure deficit in Africa

The Nordic Investment Bank (NIB) has signed a 10-year loan programme of €100 million with the African Export-Import Bank (Afreximbank) to finance various infrastructure projects in African countries. The €100 million made available to Afreximbank under the joint facility is for financing mainly infrastructure projects such as energy infrastructure, telecommunications, industrial parks and special economic zones, roads, railways and harbours. The loan will also allow NIB support export projects that include service and equipment deliveries from the Nordic and Baltic countries.

Tigo launches 4G+ Network in Tanzania

Tigo, Tanzania's digital lifestyle company, has heightened the availability of ultra-fast digital experience for data customers in the country with the launch of 4G+ network. Jerome Albou, Tigo's chief technical and information officerThe 4G+ network further distinguishes Tigo as the mobile operator that innovates with customers in mind and provides better and more efficient services that address the dynamic needs of consumers across the country. "The launch of 4G+ is in line with Tigo's transformative journey and the company's objective of offering customers the best digital experience.

Unbundling of MultiChoice weakens Naspers business diversity - Moody's

The decision by Naspers to unbundle its video entertainment (VE) operation is credit negative for lenders, ratings agency Moody's said in a research note on Wednesday. In Moody's view, this is because the spin-off reduces Naspers' business diversity and removes a business that had been generating a meaningful recurring dividend income available to service debt obligations. On Monday Naspers - rated as Baa3 stable by Moody's - announced its intention to spin off its VE operation and to list it on the JSE, with Naspers' investors remaining shareholders in the newly listed entity.

Life Healthcare to sell stake in Indian JV for $293 million

JOHANNESBURG (Reuters) - South African private hospital group Life Healthcare said on Wednesday it will sell its entire 49.7 percent stake in Max Healthcare to a global investment firm for 4.3 billion rand ($293 million) in order to focus on its operations elsewhere.

Remgro final results June 2018

Sales from continuing operations grew to R31.1 billion (R27.6 billion) whilst trading profit jumped to R1.

EOH shareholders say aye to Lebashe deal

Gucci's new Instagram explores global beauty through the centuries Goodbye bots, hello ‘people marketing' By IoL Business Report On 19 September 2018 · Leave a Comment The technology service provider will now have an effective black shareholding well above 50 percent.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Blue Label Telecoms Slide Again, Dropping More Than 7%

Tweet on Twitter Honor 9 Lite and Honor 7X smartphones Trading on JSE-listed telecoms firm Blue Labe Telecoms on Wednesday signaled another tough day. The stock plunged 7.16% at R5.

The businesses that boomed and went bust on Business Unusual

There have been 150 editions of Business Unusual now, so it makes sense to see which unusual companies went on to become normal ones and which ones failed to dent the universe. Uber The first episode looked at Uber. Back in 2015, the company was a shining example of disruption, innovation and the gig economy.

The businesses that boomed and went bust on Business Unusual

There have been 150 editions of Business Unusual now, so it makes sense to see which unusual companies went on to become normal ones and which ones failed to dent the universe. The first episode looked at Uber. Back in 2015, the company was a shining example of disruption, innovation and the gig economy.

World Bank doing business in SA 2018 report: Moussa Traore

In South Africa, small businesses often struggle with the time and costs involved in getting things done. A report by the World Bank has found that there are improvements when it comes to the Ease of Doing Business in South Africa. But the pace of cutting red tape is slow.

Unbundling of MultiChoice weakens Naspers business diversity - Moody's

The decision by Naspers to unbundle its video entertainment (VE) operation is credit negative for lenders, ratings agency Moody's said in a research note on Wednesday. In Moody's view, this is because the spin-off reduces Naspers' business diversity and removes a business that had been generating a meaningful recurring dividend income available to service debt obligations. On Monday Naspers - rated as Baa3 stable by Moody's - announced its intention to spin off its VE operation and to list it on the JSE, with Naspers' investors remaining shareholders in the newly listed entity.

SA's cities making ease of doing business better, but still need to improve

The Margin: Reefer madness: Tilray's mind-bending move lights up the internet By Business Day On 19 September 2018 · Leave a Comment A World Bank Group report on doing business in SA, judged against five criteria, is a tale of cities moving forward, but not always in sync   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Ease of doing business in SA cities improves - World Bank

Mangaung has been rated the best performing metro as South African cities continue making efforts to improve the ease of doing business although the pace of reforms has been slow in the last three years, a new World Bank Group report released today has found. The Doing Business in South Africa 2018, the second in the sub-national series on South Africa, analyzes business regulations for domestic small and medium enterprises in nine major cities, focusing on construction permits, getting electricity, registering property, enforcing contracts and trading across borders. The report found that in the three years since the last study, Cape Town, eThekwini, Johannesburg, Mangaung and Nelson Mandela Bay implemented reforms, and that four of the reforms improved the conditions for businesses to obtain electricity, while one made it easier to transfer property.

How long it takes to set up a business in Joburg, Cape Town and other major cities

The World Bank has published its second Doing Business in South Africa report, showing which cities make it easiest for businesses to move in, set up, and be connected. The report is an update on the data from the 2015 report, which also shows how things have changed in the country's main business hubs over the past three years. Over that period, five locations implemented reforms making it easier to conduct business, the group said.

World Bank's Doing Business in South Africa report reveals significant improvements

The World Bank has just released its second report in its series of Doing Business in South Africa. The 2018 report measured South Africa's regulatory business environment for small and medium-size enterprises and found that the local standards are still lagging behind the global expectation. Joining CNBC Africa for more is Moussa Traoré, the World Bank Project Leader of the Subnational Doing Business Unit.

Poor internal coordination in SA cities adding to cost of doing business

A new World Bank report highlights how a lack of internal coordination between departments within several of South Africa's largest cities is undermining the delivery of services to businesses operating within those locations and burdening entrepreneurs with time consuming and costly red tape. Titled ‘Doing Business in South Africa 2018' the report benchmarks the performance of nine South African cities against those of 189 other city economies. The study is based on responses from businesses with regards to the way their city deals with construction permits, registering properties, delivering electricity connections and enforcing contracts.

Drive business value with digital security

Kathy Gibson is at Gartner Symposium in Cape Town - As the threat of cybersecurity becomes more visible, CIOs are finally getting more budget to address threats. "The reality, though, is that it is still a grudge spend," says Tom Scholtz, vice-president and Gartner Fellow at Gartner. "Spending on security does not drive revenue and is always a cost.

Pan African's rapid turnaround removes false notions on doing business in SA

JOHANNESBURG (miningweekly.com) - South Africa was on Wednesday reaffirmed as a country where business is able to do what is required when London- and Johannesburg-listed gold mining company Pan African Resources outlined the remarkably efficient manner in which this country's regulatory environment facilitated the closure of a lossmaking underground mine in three months and the building from scratch of a business-boosting R1.7-billion surface gold project in a country record of ten months.

Ease of doing business improves for SA cities: World Bank report

Pilar Salgado Otónel, program manager of the subnational Doing Business Unit at the World Bank, said efforts by South African locations to reduce the time, cost and complexity of bureaucratic processes that can hinder private enterprise were a welcome step in the right direction. "Better collaboration between national and local authorities will go a long way in expanding the scope of future local reforms and putting in place a regulatory environment that allows businesses and entrepreneurship to flourish, creating much-needed jobs. We hope this report will serve as a roadmap for reform at the subnational level," Otónel said.

Business Nordic Investment Bank is partnering with Afreximbank to bridge the infrastructure deficit in Africa

The Nordic Investment Bank (NIB) has signed a 10-year loan programme of €100 million with the African Export-Import Bank (Afreximbank) to finance various infrastructure projects in African countries. The €100 million made available to Afreximbank under the joint facility is for financing mainly infrastructure projects such as energy infrastructure, telecommunications, industrial parks and special economic zones, roads, railways and harbours. The loan will also allow NIB support export projects that include service and equipment deliveries from the Nordic and Baltic countries.

Europe Markets: Europe stocks book fourth win in a row

The Margin: Reefer madness: Tilray's mind-bending move lights up the internet Don't Underestimate the Danger of Trump's Trade War with China By MarketWatch On 19 September 2018 · Leave a Comment Europe's main stock gauge ends Wednesday's session higher, booking its fourth straight win thanks to gains in the materials and chemicals sectors.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Second day of gains for world markets as they become ‘blasé' about trade war fears

Cosatu confirms its support for the ANC in the 2019 elections By Business Day On 19 September 2018 · Leave a Comment ‘Where we are today is in a period of relative calm as US bond yields probe their highs, and we become accustomed to trade rhetoric,' on analyst says   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Mosebenzi Zwane made ‘veiled threats' to Nedbank on Gupta account closures

Nedbank Group CEO Mike Brown has detailed how the commercial bank was strong-armed with "veiled threats" by former mineral resources minister Mosebenzi Zwane to reverse its decision to close Gupta-linked bank accounts in 2016. Brown, who testified at the State Capture Commission of Inquiry on Wednesday, said Zwane suggested at an Inter-Ministerial Committee (IMC) meeting on May 6, 2016, that Nedbank should "step in" and "become a primary transaction bank for the Gupta-family". After the conclusion of the IMC meeting — which was unusually held in Zwane's office (such meetings are usually reserved for Parliament) — Zwane reminded Brown that commercial banks in SA received their banking licence from the government.

Life Healthcare to sell stake in Indian JV for $293 million

JOHANNESBURG, Sept 19 (Reuters) - South African private hospital group Life Healthcare said on Wednesday it will sell its entire 49.7 percent stake in Max Healthcare to a global investment firm for 4.3 billion rand ($293 million) in order to focus on its operations elsewhere.

Life Healthcare to sell stake in Indian JV for R4.3bn

As the hospital group seeks to focus on its operations elsewhere. South African private hospital group Life Healthcare said on Wednesday it will sell its entire 49.7% stake in Max Healthcare to a global investment firm for R4.

AB InBev strikes deals to put more sports pros in beer ads, overcoming long-held resistance

Rand gains with bonds back in vogue as inflation eases Fitbit announces new Care platform for health plans, expands Humana partnership By Advertising Age On 19 September 2018 · Leave a Comment The new NBA deal includes locally targeted out-of-home ads such as one starring New York Knick Tim Hardaway Jr. The ad, which will hit the market soon, shows Hardaway shooting a jumper next to the Budweiser logo and the phrase "Hardwood Legends. Beechwood Lager.

EOH, other scandals prompt JSE to plan new rules

The JSE is proposing tighter listing rules after South African financial markets were "shaken by a range of corporate scandals, rumours and innuendo" over the past year. The bourse published a consultation paper on Wednesday, saying recent events showed a need for it to review its responsibilities and strengthen aspects of regulation. Recommendations range from boosting racial and gender diversity on boards, to doubling the notice period before new stocks start trading.

Who needs the US? Alibaba will make its own computer chips

Fin24.com | Gordhan tells Parliament Denel, SAA, SA Express will miss annual report deadline Set free by Naspers, MultiChoice plots its path By CNN Money On 19 September 2018 · Leave a Comment Alibaba chief Jack Ma has been vocal about addressing China's dependence on foreign-made computer chips.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Fine wines from ‘far away'

Words: Richard Holmes | Images: Supplied While the Vergelegen estate dates back to 1700, it's only in the last 30 years that the estate has become famous for producing fine wines. That began in 1987 with the purchase of the farm by Anglo American, who commissioned extensive soil studies before replanting vineyards across the estate. A unique gravity flow cellar was constructed in 1992 and since winemaker Andre van Rensburg arrived in 1998, the estate has cemented its position as one of the leading wineries in the Cape.

Year of 'scandals' spurs JSE to plan new rules

The Johannesburg Stock Exchange says it's proposing tighter listing rules after South African financial markets were "shaken by a range of corporate scandals, rumours and innuendo" over the past year. The bourse published a consultation paper on Wednesday, saying recent events showed a need for it to review its responsibilities and strengthen aspects of regulation. Recommendations range from boosting racial and gender diversity on boards, to doubling the notice period before new stocks start trading.

Gender Mainstreaming Awards: Winners announced

The 30% Club has announced this year's recipients of the premier Gender Mainstreaming Awards. These awards give public recognition to corporates who have championed gender mainstreaming within their organisations and communities. All the winners at the Gender Mainstreaming Awards.

Reuters expands its offering with the launch of its news video service

Africa Journal aims to tell stories of Africa from a local and global perspective, bringing together Reuters pan-African coverage through comprehensive video reporting. The format reflects growing mobile and digital consumption of news on the continent. Africa Journal is available to broadcasters and digital publishers through a series of daily ready-to-publish video packages, aiming to offer the best of Reuters lifestyle, social, entertainment and sports news, alongside its general news, business and political coverage.

Johannesburg stock exchange looks to tighten listing rules

South Africa's stock exchange CEO Nicky Newton-King poses for a photograph at the JSE offices in Sandton, South Africa JOHANNESBURG (Reuters) - The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance.Africa's biggest securities exchange published its proposals in a public consultation paper circulated on Wednesday, aiming to ease investor concerns about listed companies following recent high-profile corporate scandals.The paper proposes increasing the capital amount required for a primary listing from 500 million rand ($34 million), but did not suggest a new minimum level.

Days of Zondo: Nedbank chief spills the beans on Gupta-based meeting with Zwane

Mosebenzi Zwane had one mission in mind when he met Nedbank Group CEO, Mike Brown: How about you take over the Gupta accounts - the ones that none of the other major banks want? That little carrot, however lucrative potentially, was dangled amid veiled threats that it should be understood that "government" issues banking licenses. Testimony by Nedbank Group CEO, Mike Brown before the State Capture Inquiry on Wednesday morning again showed just how tight the controversial former mining minister was with the Guptas and their businesses interests during his his tenure and how willing he was to bend the rules or the country's laws to come to their aid. Brown was giving evidence about an inter-ministerial committee (IMC) meeting he and his team attended with Zwane in 2016.

Days of Zondo: Nedbank chief spills the beans on Gupta-based meeting with Zwane

Mosebenzi Zwane had one mission in mind when he met Nedbank Group CEO, Mike Brown: How about you take over the Gupta accounts - the ones that none of the other major banks want? That little carrot, however lucrative potentially, was dangled amid veiled threats that it should be understood that "government" issues banking licenses..

Multichoice is working on a DStv streaming service - which could launch in 2019

PwC has released its latest entertainment and media outlook for 2018. The report offers an in-depth analysis of the trends shaping the entertainment and media industry in South Africa - with forecasts built from a collection of historical data from a variety of sources. "South Africa faced an eventful year at the political and macroeconomic level in 2017, but emerged early in 2018 with a new president viewed as market-friendly and vowing to overhaul the economy," PwC said.

Soccer talent on display

2018 Nedbank Grey College Soccer Tournament set to be a spectacular showcase of young SA soccer talent September 2018 - The 29th of September sees another exciting installment of the Nedbank Grey College Soccer tournament get underway at the Windmill Park Fields at Grey College in Bloemfontein. Over the past 13 years, this four-day festival of exciting youth soccer has become a highlight on the SA sporting calendar and the 2018 instalment of the tournament is stacking up to be the most thrilling yet. Since its inception the Nedbank Grey Soccer Tournament has grown exponentially every year, and this 2018 edition will see teams representing no less than 24 schools from across the country, doing battle for the prestigious trophy and the bragging rights that deservedly come with it.

Raise a glass to South African Heritage at Nederburg

The Nederburg wine farm in Paarl is celebrating Heritage Day on 24 September in true style, bringing out its best in wine, food and entertainment. Also known as National Braai Day, this public holiday calls on all South Africans to proudly unite around the fire, share their heritage and wave their flag.  One of South Africa's longest-established and most awarded wineries, with a prize-winning pedigree that stems from a culture of innovation and disciplined attention to detail, Nederburg is proud to be associated with this annual initiative.

Strategies to Get Your Business Through Tough Economic Times

"What are you doing to steer your business through the current maze of economic and political uncertainty?" This question was recently put to some of South Africa's best entrepreneurs who are all finalists of the Business Partners and Sanlam Entrepreneur of the Year 2018 Awards (EOY).  There is little doubt that South Africa's current sluggish economy is impacting small businesses directly. Bidvest founder and CEO Brian Joffe is known for saying "Here we do not participate in a recession", which just goes to show that there are strategies that business owners can take to mitigate the impact of tough times on their business.

SA's cities making ease of doing business better, but still need to improve

‘Even though reforms have been few, where they have been measured they have led to striking results' South African cities are making efforts to improve the ease of doing business, but the pace of reform has been slow over the past three years, according to a new report on doing business in SA by the World Bank Group. Some South African cities are performing on a par with Organisation for Economic Co-operation and Development (OECD) cities but some are lagging among the bottom 20 globally, Paul Noumba Um, South African country director for the World Bank said. "Even though reforms have been few, where they have been measured they have led to striking results.

Tensions escalate in Soweto at the local Business Imbizo

Tensions escalated in Soweto at the local Business Imbizo, with talks dissolving into chaos after small business owners stormed out of the meeting. Their position remains fixed - government must remove foreign business Owners or else. SABC news reporter Nozintombi Miya spoke to locals and businesses owners who expressed their concerns and anger.

Marijuana related business you can currently consider

Separating the facts from fiction about using dagga - 5 hours ago Water Wednesday: Rainwater harvesting could be the future for South Africa - 8 hours ago Decluttering: How to get rid of things that don't serve a purpose - 9 hours ago Things to keep in mind now that growing dagga at home has been decriminalized - 1 day ago Quality is what you can expect when buying a Restonic Bed - 6 hours ago Guzzle revamps premier retail offering - September 14, 2018 Durban Business Fair offers exciting opportunity for street vendors - September 13, 2018 ‘Building' strong customer foundations at Ismail's Hardware - September 12, 2018 Nappy change: Dutch to turn diapers into furniture - 6 hours ago Eye injury forces Firmino onto bench for PSG clash - 7 hours ago Messi scores hat-trick as Barcelona thrash PSV - 7 hours ago 5.2 million children at famine risk in Yemen: charity - 7 hours ago Microplastics may enter foodchain through mosquitoes - 7 hours ago Search News feed Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? 2 hours ago South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Save your company money and time: use a travel expert to book your business travel

There is nothing wrong with using an online business tool but a business travel expert can save your company money Are you a business owner or a director in a company? Chances are you're reading this in between reconciling your expenses, updating your website or responding to customer enquiries … on a weekend. Running your own business is tough and you're probably already doing a lot of things to save money. Even the smallest savings in cost and time can make a big difference to your bottom line.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

8 Mistakes Executives Make When Digitising Their Business

Keeping a watchful eye on technical innovation is vital to develop a clear vision for the future of any business. But effective strategies for success depend on managers and executives avoiding hidden blind spots and investment decisions that obscure the way forward. Last year, according to World Economic Forum figures, private sector global spending on digitising business operations exceeded $1.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

U2 frontman Bono set to enter the whiskey business

He once wrote a song called Two Shots of Happy, One Shot of Sad and now U2 frontman Bono is set to get into the whiskey business. Bono is reported to be investing in a €50m whiskey project in County Kildare. His business partner is Irish property investor and business owner Paddy McKillen.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Strategies to Get Your Business Through Tough Economic Times

"What are you doing to steer your business through the current maze of economic and political uncertainty?" This question was recently put to some of South Africa's best entrepreneurs who are all finalists of the Business Partners and Sanlam Entrepreneur of the Year 2018 Awards (EOY).  There is little doubt that South Africa's current sluggish economy is impacting small businesses directly. Bidvest founder and CEO Brian Joffe is known for saying "Here we do not participate in a recession", which just goes to show that there are strategies that business owners can take to mitigate the impact of tough times on their business.

Marijuana related business you can currently consider

Separating the facts from fiction about using dagga - 4 hours ago Water Wednesday: Rainwater harvesting could be the future for South Africa - 6 hours ago Decluttering: How to get rid of things that don't serve a purpose - 7 hours ago Guzzle revamps premier retail offering - September 14, 2018 Make your child a ‘Sustainable Living Superhero' with the GardenShop! - August 28, 2018 Essential tips for electrical projects from industry powerhouse Megaphase - August 13, 2018 7 best value for money tours for South Africans - August 8, 2018 Nappy change: Dutch to turn diapers into furniture - 5 hours ago Eye injury forces Firmino onto bench for PSG clash - 5 hours ago Messi scores hat-trick as Barcelona thrash PSV - 5 hours ago 5.2 million children at famine risk in Yemen: charity - 5 hours ago Microplastics may enter foodchain through mosquitoes - 5 hours ago Search News feed Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? 48 mins ago South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Second day of gains for world markets as they become ‘blasé' about trade war fears

London — Global equities rallied for a second straight day on Wednesday while safe-haven assets such as US bonds and the Japanese yen slipped to multi-week lows as investors bet the escalating US-China trade war would inflict less damage than feared. The deepening tariff row between the US and China threatens to disrupt supply chains and undermine the world economy, with Beijing adding $60bn of US products to its import tariff list in retaliation for US President Donald Trump's planned levies on $200bn of Chinese goods But markets appear to have taken cheer from China's move to levy only a 10% duty on $60bn worth of US imports. The US removed about 300 Chinese-made items from the list of dutiable goods.

Market Extra: 3 reasons bond markets fret about Italy but ignore U.S.'s budget-busting deficits

SAA, SA Express and Denel miss reporting deadline, flouting finance act BookWatch: This NFL exec's technique for assessing football players also works on stocks By MarketWatch On 19 September 2018 · Leave a Comment Praveen Korapaty of Goldman Sachs says there is no hard and fast rule that running budget deficits will sink its domestic bond market   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Naspers' Tencent has transformed into a very poor investment

(Bloomberg) - For the most disappointing stock trade in the world this year, step forward Tencent Holdings Ltd. Of the 10 companies worth more than $100 billion that analysts predominantly rate as buy, Tencent has by some distance had the worst 2018, data compiled by Bloomberg show. The Internet giant tumbled 22 percent in Hong Kong through Tuesday, wiping out $108 billion in value, as the company failed to maintain earnings momentum and a government clampdown clouded the outlook for the games industry.

Naspers frees cash-rich Multichoice to take on Netflix & co

* Multichoice to be flush with cash, virtually debt free* Analyts expect it to invest in internet streaming service* Multichoice has 13.5 mln subscribers* African pay-TV market seen growing to 41 mlnBy Tiisetso MotsoenengJOHANNESBURG, Sept 19 (Reuters) - South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.The group, which owns a $155 billion one-third stake in Chinese technology giant Tencent, unveiled plans on Monday to hive off Multichoice to help close a more than 60 percent discount in its share price to the value of its holding in Tencent.

Naspers frees cash-rich Multichoice to take on Netflix

SAA, SA Express and Denel miss reporting deadline, flouting finance act Market Extra: 3 reasons bond markets fret about Italy but ignore U.S.'s budget-busting deficits By IoL Business Report On 19 September 2018 · Leave a Comment This leaves Multichoice free to fend for itself in an increasingly competitive market.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

Ensuring peaceful transition into the digital age

It's no secret that the Fourth Industrial Revolution has officially begun. The era of intersection between people and machines is among us, with more industries embracing the new technologies that are available. William Mzimba is chief officer for Vodacom BusinessHistorically, the term ‘revolution' was often associated with hardships, displacement and economic dissonance.

Mosebenzi Zwane made ‘veiled threats' to Nedbank on Gupta account closures

The Nedbank Group CEO details how the commercial bank was pressured to reopen bank accounts of Gupta-linked entities. Nedbank Group CEO Mike Brown has detailed how the commercial bank was strong-armed with "veiled threats" by former mineral resources minister Mosebenzi Zwane to reverse its decision to close Gupta-linked bank accounts in 2016. Brown, who testified at the State Capture Commission of Inquiry on Wednesday, said Zwane suggested at an Inter-Ministerial Committee (IMC) meeting on May 6, 2016, that Nedbank should "step in" and "become a primary transaction bank for the Gupta-family".

JSE looks to tighten listing rules

The JSE wants to increase the minimum capital required for a primary listing, as well as impose stricter rules for secondary listings. The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance. Africa's biggest securities exchange published its proposals in a public consultation paper circulated on Wednesday, aiming to ease investor concerns about listed companies following recent high-profile corporate scandals.

Financial Conduct Authority investigation into Quilter is closed

Cosatu has 50-50 gender representation in its upcoming leadership By Business Day On 19 September 2018 · Leave a Comment Financial services company Quilter said on Wednesday that the investigation by the Financial Conduct Authority (FCA) regarding the fair treatment by firms of long-standing customers in the life insurance sector has been closed. Quilter, formerly known as Old Mutual Wealth, a subsidiary of Old Mutual plc, was listed independently on the JSE in June.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

‘Scandals and innuendo' prompt JSE to review listing rules

The JSE says it is proposing tightening listing rules after financial markets were "shaken by a range of corporate scandals, rumours and innuendo". The bourse published a consultation paper on Wednesday, saying recent events showed a need for it to review its responsibilities and strengthen aspects of regulation. Recommendations range from boosting racial and gender diversity on boards, to doubling the notice period before new stocks start trading.

Johannesburg stock exchange looks to tighten listing rules

JOHANNESBURG, Sept 19 (Reuters) - The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance. Africa's biggest securities exchange published its proposals in a public consultation paper circulated on Wednesday, aiming to ease investor concerns about listed companies following recent high-profile corporate scandals. The paper proposes increasing the capital amount required for a primary listing from 500 million rand ($34 million), but did not suggest a new minimum level.

Triomf reign supreme in literacy competition

THREE schools from the Nelson Mandela district made a clean sweep in the Growsmart Programme competition that recently took place in East London. This is the first year that the programme, an education initiative by Growthpoint Properties in collaboration with the Eastern Cape Department of Education, is being offered in 60 schools in the province - 30 competing in East London, 20 competing in Port Elizabeth and 10 in Uitenhage. The aim of the competition is for learners to read the newspaper and to identify words from it that they must be able to spell, define and put into a sentence.

Up close and personal with the Addo giants

AS one of SANParks' collection of 19 parks, this wild paradise is also the third largest safari park and has a huge diversity of animals and natural vegetation. When we hit the road with our guided ranger, Headman Nogaya, we had no idea how large the park was and almost immediately bumped into some of the 4 000 wart­hogs. Addo is home to large numbers of land-based animals, such as the 14 lions, over 1 000 buffalo, 2 000 kudu, 4 000 warthogs, over 600 elephants, leopards and rhinos.

Sterling dents FTSE 100, Kingfisher dives on poor profits

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.2 pct* Sterling jumps after unexpected rise in inflation* Kingfisher falls after poor French performance drags* Miners rally as copper prices rise on trade war hopesBy Helen ReidLONDON, Sept 19 (Reuters) - A rally in Britain's FTSE 100 was stopped in its tracks on Wednesday as an unexpected jump in UK inflation boosted sterling, while home improvement retailer Kingfisher slid 5 percent after reporting weaker profits.The FTSE 100 was down 0.

JSE considers major changes for listed companies after a year of scandal

The Johannesburg Stock Exchange has published a regulatory review consultation paper, highlighting several considerations it is undertaking to strengthen the regulatory environment around listed companies. This follows a year of several major business scandals - most notably Steinhoff - where trades and practices (and failure to disclose financial operations) by listed companies has brought into question the effectiveness of the JSE's current policies. "The South African financial markets have, over the past year, been shaken by a range of corporate scandals, rumours and innuendo," the group said.

Abland to develop combined-use Menlyn Maine Towers

Property developer Abland will develop a combined motor dealership and premium office space, called Menlyn Maine Towers, in Pretoria, and aims to achieve a 4-star green rating accreditation with the Green Building Council of South Africa. The development for the Barloworld Toyota Menlyn dealership will include a 16 000 m2 dealership, with 12 000 m2 of premium office space above the dealership, creating 15 floors in total, with potential for rooftop or penthouse offices. The dealership is expected to start trading by August 2019, while the offices are planned to open by mid-February 2020.

Joe Thomas Joins Macufe Line-Up

Joe Thomas Joins Mangaung African Cultural Festival Line-Up. The American R&B crooner headlines the festival that straddles different genres of music as well as comedy which all make the five day event a social and cultural calendar highlight. Joe has a huge following in SA thanks to chart toppers like I Wanna Know and Stutter.

S&J Industrial Estate opens new arterial road

JSE-listed diversified real estate investment trust Redefine Properties together with partner Abland Property Developers officially announced the opening of the new public road which will improve accessibility to the 1.6 million m2 S&J Industrial Estate, situated along the N3 highway, south of Germiston, Gauteng. The construction of Gosforth Road extension which commenced in 2017 was completed on schedule.

That's what they would say, wouldn't they?

Why brands should use the TWSTWT test to validate media research In 1963, the "Profumo Affair" shook the world. Government minister John Profumo, a British politician, had been accused of "improper conduct", i.e.

Aspen tries to settle the market after plunge in share price

Aspen announced last week that it would sell its baby-formula unit at a price the market perceived to be too low Drug manufacturer Aspen Pharmacare sought to calm nerves on Wednesday, after fielding questions from investors regarding aspects of its businesses. The queries followed a substantial drop in the value of its shares on the JSE last Thursday, coinciding with Aspen's announcement to sell its baby-formula unit at a price the market perceived to be too low. On the same day, the company released its full-year results, which analysts said fell short of expectations.

Accenture Interactive opens first Fjord studio in Africa

Accenture Interactive has established its first design and innovation studio in Africa, Fjord Johannesburg. Fjord is the design and innovation consultancy of Accenture Interactive. The Johannesburg location marks its 28th design studio globally, with several others in London, Germany, US, Dubai and Hong Kong.

Naspers is spinning off its Multichoice video business to focus on the internet

With August's CPI lower than expected, a hike in interest rates will be a close call Tech innovation attracts more interest in Africa Africa's most valuable company, Naspers will list its video entertainment business—consisting of assets like pay TV giant MultiChoice and streaming service Showmax—separately on the Johannesburg Stock Exchange next year. Cape Town-based Naspers will retain its primary listing while the new company will be named MultiChoice Group. MultiChoice was founded in 1996 but has since grown to become the largest pay TV operator across 15 countries in Africa, a fact laid bare by its ubiquitous satellite dishes in several urban cities.

Naspers frees cash-rich Multichoice to take on Netflix & co

* Multichoice to be flush with cash, virtually debt free * Analyts expect it to invest in internet streaming service * Multichoice has 13.5 mln subscribers * African pay-TV market seen growing to 41 mln By Tiisetso Motsoeneng JOHANNESBURG, Sept 19 (Reuters) - South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services. The group, which owns a $155 billion one-third stake in Chinese technology giant Tencent, unveiled plans on Monday to hive off Multichoice to help close a more than 60 percent discount in its share price to the value of its holding in Tencent.

Tiger Brands and world-famous artist come together for Heritage Day celebrations

Three of South Africa's most-loved icons and brands will come together for Heritage Day celebrations in a unique and inspiring concept that links art and food in South African heritage. Albany Bakeries and Tastic Rice will run promotions that showcase artwork created by Dr Esther Mahlangu, a world-renowned artist. Dr Ester MahlanguDr Mahlangu paints in the Ndebele tradition, each stroke accurately applied with a chicken feather, a skill she learnt at the age of 10.

Abland and Barloworld in R500m joint development

Grow: Your easy step-by-step guide to paying off all kinds of debt Next Avenue: How to navigate the complexity of claiming Social Security By IoL Business Report On 19 September 2018 · Leave a Comment Called Menlyn Maine Towers, the 15-storey building will comprise a 16 000m² dealership with 12 000m² of premium A-grade office space above it.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Naspers has acquired We Buy Cars

Asian stocks rise and US treasury yields approach four-month highs Without the support of their fans, a sports team is 20% more likely to lose By IoL Business Report On 19 September 2018 · Leave a Comment The group said the investment formed part of its plans to boost growth in classifieds, online food delivery and fintech businesses globally.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Distell Internship Programme 2019

Applications are invited for the Distell Internship Programme based at our various operations across South Africa. The intention is to give practical work experience to students who are in their last year of study and require in-service training in order to obtain their qualification and/or those recently graduated but unemployed who require exposure in a work environment. Distell offers internship programmes across the value chain within the business .

Marijuana related business you can currently consider

Featured Content Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? 9 mins ago South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Marijuana related business you can currently consider

Marijuana has been dicriminalised in South Africa. What potential business spin offs does this provide? South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

Naspers is spinning off its Multichoice video business to focus on the internet

With August's CPI lower than expected, a hike in interest rates will be a close call Tech innovation attracts more interest in Africa Africa's most valuable company, Naspers will list its video entertainment business—consisting of assets like pay TV giant MultiChoice and streaming service Showmax—separately on the Johannesburg Stock Exchange next year. Cape Town-based Naspers will retain its primary listing while the new company will be named MultiChoice Group. MultiChoice was founded in 1996 but has since grown to become the largest pay TV operator across 15 countries in Africa, a fact laid bare by its ubiquitous satellite dishes in several urban cities.

Marijuana related business you can currently consider

South Africa's constitutional court delivered a landmark judgement decriminalising the smoking of marijuana at home. Delivering the judgement, Deputy Chief Justice, Raymond Zondo said the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional. The court found that the country's cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

8 mistakes executives make when digitising their business

Last year, according to figures, private sector global spending on digitising business operations exceeded $1.2 trillion dollars, yet just 5% of executives reported being satisfied with the results. Internet Digital industry | Keeping a watchful eye on technical innovation is vital to develop a clear vision for the future of any business.

Kasi Business | Caring for the environment while coining it

Young entrepreneurs Siyabonga Tshabalala and Nomuntu Ndlhovu have made it their business, literally, to tackle the scourge of waste and litter using their company Siyabuddy Recycling and Waste Management as the vehicle. The company was founded by Tshabalala in 2012. He spent the first three years getting compliance documents such as environmental licences together.

Airlink adds business class to RCB

Following the introduction of jet services on the Johannesburg - Richards Bay route, Airlink will include a business class service from October 1..

WATCH: Durban Business Fair draws in international leadership32m ago | NEWS

Durban - The Durban Business Fair (DBF) kicked off yesterday at the Inkosi Albert Luthuli International Convention Centre. eThekwini Municipality councillor Busi Ndlovu said the DBF, which was celebrating its 20th anniversary, had become the city's most esteemed programme and attracted international attention. "The fair reinforces the city's commitment to providing support to small-, medium- and micro-enterprises, and encouraging their involvement in the economy," said Ndlovu.

SE Asia Stocks-Most markets rise as investors move on from trade war fears

* Thailand extends gains to near 4-month closing high * Singapore rises 1.2 pct to two-week closing high * Philippine falls about 1 pct on foreign selling Sept 19 (Reuters) - Most Southeast Asian stock markets rose on Wednesday, tracking gains in broader Asia, as investors shrugged off the latest round of tariff war between Washington and Beijing. China will levy tariffs on about $60 billion worth of U.

Rand firms on emerging markets rally

Rand firms on expectations that Beijing will implement stimulus to reduce the economic blow from the Sino-US trade war..

Most Gulf markets weak as Saudi opens higher on oil price rise

DUBAI, Sept 19 (Reuters) - Saudi Arabia's stock market opened higher on Wednesday as oil prices rose and the global reaction to the latest escalation in the United States-China trade dispute remained relatively limited.Oil edged up on concerns that producers may not be able to cover a shortfall in supply once U.S.

Rand firms on emerging markets rally

Rand firms on expectations that Beijing will implement stimulus to reduce the economic blow from the Sino-US trade war. South The rand was up 0.49 at 14.

South Africa's rand firms on emerging markets rally

Photo illustration of South African bank notes displayed next to the American dollar notes in Johannesburg JOHANNESBURG (Reuters) - South Africa's rand strengthened against a softer dollar early on Wednesday as expectations that Beijing would implement stimulus to reduce the economic blow from the Sino-U.S. trade war boosted investor appetite for emerging markets.

EMERGING MARKETS-Emerging stocks rally for second day, FX firmer

LONDON, Sept 19 (Reuters) - Emerging stocks rose for a second day on Wednesday as investors bet on further stimulus from Beijing to cushion the impact of another round of trade tariffs, while the beaten-down rand and Turkish lira firmed. The protracted trade dispute between China and the United States ratcheted up again this week as China levied tariffs on about $60 billion worth of U.S.

Gold gains as dollar demand eases, markets discount trade dispute

* Spot gold may retest resistance at $1,202/oz - technicals* Palladium marks 3-month high; platinum hits over one-month peak* SPDR Gold holdings fell 0.3 tonnes Tuesday (Updates prices, adds quotes)By Vijaykumar VedalaBENGALURU, Sept 19 (Reuters) - Gold prices rose on Wednesday along with equities as the U.S.

Asian markets ride positive wave on hopes of trade resolution

Asian markets rose on Wednesday as new tit-for-tat tariffs by China and the United States were seen as lighter than feared, while there are hopes the two sides will eventually avert a damaging trade war. Donald Trump on Monday said he would press ahead with 10% levies on another $200bn of imports, prompting Beijing to target $60bn of US goods with five to 10% taxes. The developments were a clear escalation in the months-long standoff between the world's top economies.

MIDEAST STOCKS-Most Gulf markets weak as Saudi opens higher on oil price rise

DUBAI, Sept 19 (Reuters) - Saudi Arabia's stock market opened higher on Wednesday as oil prices rose and the global reaction to the latest escalation in the United States-China trade dispute remained relatively limited. Oil edged up on concerns that producers may not be able to cover a shortfall in supply once U.S.

Set free by Naspers, MultiChoice plots its path

Analysts say MultiChoice is still generating cash and has the potential to grow. Discarded by its globe-trotting parent Naspers after more than three decades, African pay-TV heavyweight MultiChoice Group is facing an uncertain future. The broadcaster of English Premier League soccer and hit dramas such as Game of Thrones will be spun off by Naspers in Johannesburg next year, creating a newly listed company.

Mosebenzi Zwane pushed Nedbank to keep Gupta accounts open, Mike Brown says

The Nedbank CEO also says Zwane issued a veiled threat by saying he was unhappy some banks refused to meet his interministerial committee, and that the government decided on banking licences Controversial former mineral resources minister Mosebenzi Zwane put pressure on Nedbank to keep the Guptas' bank accounts open, the state capture inquiry heard on Wednesday. Nedbank group CEO Mike Brown told the inquiry that when the bank met the interministerial committee (IMC), headed by Zwane, they were asked to take over as the primary transactors for the Guptas after other three big banks also closed the accounts. "[Zwane] went on to suggest that Nedbank consider stepping in to save jobs and provide an amicable solution," Brown said.

Phumelela CEO Rian du Plessis quits ‘for personal reasons'

Fin24.com | Gordhan tells Parliament Denel, SAA, SA Express will miss annual report deadline By Business Day On 19 September 2018 · Leave a Comment Du Plessis is a close friend of former Steinhoff CE Markus Jooste, who sat on the Phumelela board before abruptly resigning at the start of Steinhoff's accounting crisis   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Financial Conduct Authority investigation into Quilter is closed

The authority says the conduct of the financial services company's subsidiary Old Mutual Wealth Life Assurance does not warrant enforcement action Financial services company Quilter said on Wednesday that the investigation by the Financial Conduct Authority (FCA) regarding the fair treatment by firms of long-standing customers in the life insurance sector has been closed. Quilter, formerly known as Old Mutual Wealth, a subsidiary of Old Mutual plc, was listed independently on the JSE in June. The FCA has stated that the conduct of Old Mutual Wealth Life Assurance, a wholly owned subsidiary of Quilter, did not warrant enforcement action.

Performance excellence celebrated

Electrical and lighting distributor Voltex prides itself on service and performance excellence in industry. To achieve this standard requires a purposeful and determined pursuit of going above and beyond expectations. The Voltex Group recognises the contribution made by individuals, business units and branches in achieving exceptional standards of excellence.

Sterling dents FTSE 100, Kingfisher dives on poor profits

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 down 0.2 pct * Sterling jumps after unexpected rise in inflation * Kingfisher falls after poor French performance drags * Miners rally as copper prices rise on trade war hopes By Helen Reid LONDON, Sept 19 (Reuters) - A rally in Britain's FTSE 100 was stopped in its tracks on Wednesday as an unexpected jump in UK inflation boosted sterling, while home improvement retailer Kingfisher slid 5 percent after reporting weaker profits. The FTSE 100 was down 0.

Kenya:Multichoice Says Split Won t Affect Kenya Business

[Nation] Plans by South African media and e-commerce firm Naspers, the owner of pay-TV provider MultiChoice, to list its video entertainment business on the Johannesburg Stock Exchange (JSE) and unbundle the unit to shareholders won t affect its Kenya operations, its local unit has said..

JSE flat as banks gain on positive inflation data while property stocks fall

US and Chinese markets are up despite China's retaliation to the latest US trade tariffs The JSE all share was flat on Wednesday morning as rand hedges retreated on a firmer rand. Global markets have shrugged off US President Donald Trump's latest round of higher tariffs against China. Property stocks were under pressure in early trade, with Growthpoint falling 4.

JSE Rand Hedges a poor substitute for a global portfolio

David Nathanson, Global Equity Specialist at Bellwood Capital With local news agendas being dominated by the rand's dismal performance, recent GDP woes and an economy slipping into a technical recession - South African investors are increasingly seeking shelter via offshore exposure. But with easy access to foreign markets, investors need to seriously consider the implications of counting on locally listed rand-hedge stocks as a substitute for a truly global portfolio. This is according to David Nathanson, Global Equity Specialist at Bellwood Capital, who explains that while a number of local stocks are referred to as "rand hedges" - and are said to benefit from a weaker rand - the majority of these are not pure rand hedges and, as such, do not offer the same protection against rand weakness and local political issues as a global portfolio would.

The British Council's Mandela exhibition: history or corporate whitewash?

The exhibition at the British Council in London marks the centenary of Nelson Mandela 's in 1918. The exhibition is sponsored by , the mining giant that was the biggest corporation in South Africa during apartheid and has, since 1999, been headquartered in London. This corporate connection influences the narrative that is spun at the exhibition.

Fin24.com | Consumer inflation for August marginally lower than expected

WATCH: Stock Pick — British American Tobacco WATCH: Stock Picks — Cameco and International Consolidated Airlines By fin24.com On 19 September 2018 · Leave a Comment At 4.9%, the rate was marginally lower than analysts had expected, with recent increases in the fuel price having been expected to push it up.

Fitness crazy? Then FIBO Expo is for you…

Calling all fitness freaks, health nuts and gym bunnies - you will want to make sure that you have diarised 26 - 28 October 2018 - as FIBO Global Fitness Africa heads to The Ticketpro Dome. This is set to be three action-packed days of all things fitness with a one day fitness industry summit and… Calling all fitness freaks, health nuts and gym bunnies - you will want to make sure that you have diarised 26 - 28 October 2018 - as FIBO Global Fitness Africa heads to The Ticketpro Dome. This is set to be three action-packed days of all things fitness with a one day fitness industry summit and two days of world-class events, stimulating fitness demos, and tips on leading a healthy and active lifestyle! Your chance is here to stock up on the latest fitness equipment, apparel, sports nutrition and supplements from exhibitors offering great show-only specials.

WATCH: Stock Pick — British American Tobacco

The Wall Street Journal: North Korea will allow foreign experts to inspect nuclear sites By Business Day On 19 September 2018 · Leave a Comment Nesan Nair from Sasfin Securities chose British American Tobacco (BTI) / R699.76 (-2.37%) as his stock pick of the day   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

South Korea's Leader Makes Bold Effort To Enhance The Prospects For Peace

The PlayStation Classic Will Be Released This December With 20 Pre-Loaded Games Ferrari Monza SP1 e SP2: le prime immagini delle vetture icona di Maranello By Forbes Magazine On 19 September 2018 · Leave a Comment Moon Jae-in has had more success than many expected in Pyongyang for his third summit with North Korea's Chairman Kim Jong Un, but there are still many questions to be answered.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

Video: Watch Conor McGregor's Best Press Conference Moments Before Thursday's UFC 229 Event

New Technologies Letting Us Battle Fake News And Look After Writers SA's economy labelled the worst among its peers By Forbes Magazine On 19 September 2018 · Leave a Comment On Thursday UFC lightweight champion Khabib Nurmagomedov and Conor McGregor will take part in the first UFC 229 press conference. The event takes place at Radio City Music Hall in New York City.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

New Technologies Letting Us Battle Fake News And Look After Writers

Gateway opens for Transnet suspensions Video: Watch Conor McGregor's Best Press Conference Moments Before Thursday's UFC 229 Event By Forbes Magazine On 19 September 2018 · Leave a Comment Battling fake news, rewarding writers and keeping trustful content on top.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

The Wall Street Journal: North Korea will allow foreign experts to inspect nuclear sites

First lady steps out of the shadows with official visit to the US WATCH: Stock Pick — British American Tobacco By MarketWatch On 19 September 2018 · Leave a Comment The two Koreas also said that the North would permanently decommission its Yongbyon nuclear-enrichment facility—provided the U.S. took "corresponding steps" to fulfill the terms of the agreement signed by the U.

The PlayStation Classic Will Be Released This December With 20 Pre-Loaded Games

More infants died in India last year than in Pakistan, China, and Ethiopia put together South Korea's Leader Makes Bold Effort To Enhance The Prospects For Peace By Forbes Magazine On 19 September 2018 · Leave a Comment Following the releases of micro-consoles like the NES and SNES Classic Edition, as well as the Neo Geo Mini, Sony is finally getting in on the act with a PlayStation Classic released this December.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

At 100, The Los Angeles Philharmonic Still Knows How To Party

Indian carmakers are trying to sell EVs. It won't be easy Physician, Disrupt Thyself By Forbes Magazine On 19 September 2018 · Leave a Comment On the centennial of its founding, the LA Phil plans a blowout year of celebration.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Hurricanes, Accidents ?nd Power Company Stocks ?t Risk

Phumelela CEO quits as racing firm suffers after Steinhoff More infants died in India last year than in Pakistan, China, and Ethiopia put together By Forbes Magazine On 19 September 2018 · Leave a Comment Before Florence hit, we highlighted a number of essential services companies potentially at risk to storm damage, as well as possible recriminations should management fail to respond effectively. As it's turned out, the list of affected companies is much smaller.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Bitcoin's Terrible Month Isn't Actually All That Bad

WATCH: Audi launches electric SUV with help from Amazon SA, in grip of recession, may consider rate increase By Forbes Magazine On 19 September 2018 · Leave a Comment Bitcoin has seen quite a heavy sell-off over the last 30 days but that was preceded by a bull run, leaving the bitcoin price more-or-less flat…   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

Ferrari Monza SP1 e SP2: le prime immagini delle vetture icona di Maranello

South Korea's Leader Makes Bold Effort To Enhance The Prospects For Peace Rand quoted 0.5% stronger against the US dollar By Forbes Magazine On 19 September 2018 · Leave a Comment Vetture iconiche con design e tecnologia sofisticati e con il motore più potente mai uscito dai cancelli di Maranello.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

Get Your iPhone XS Tracking Number Right Now

Rand quoted 0.5% stronger against the US dollar Scientists have uncovered a secret "White Shark Cafe" in the middle of the Pacific Ocean By Forbes Magazine On 19 September 2018 · Leave a Comment Tired of waiting for Apple to give up the goods? See where your iPhone today!   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built.

WATCH: CEOs vow to avoid retrenchments as far as possible

WATCH: Non-airline business lifts Comair's full-year earnings First lady steps out of the shadows with official visit to the US By Business Day On 19 September 2018 · Leave a Comment Nicky Newton-King is part of the CEO Initiative as CEO of the JSE, and she spoke to Business Day TV   Download "Who We Are" What we do, case studies and profiles of some of our amazing team. We're really proud of where we are/what we've built. Download Follow us Follow @global_advisors Global Advisors on Flipboard View our Flipboard Magazine.

EOH shareholders approve R1bn BEE deal

EOH is set to become majority black-owned following shareholder approval of its empowerment transaction. In a statement issued this morning, the IT services company says following the announcement of the terms of its R1 billion strategic partnership and BEE transaction with Lebashe in July, EOH's shareholders voted overwhelmingly in favour of the transaction at the special general meeting held yesterday. It notes the approval of the transaction sees the group affirm its commitment to transformation.

Alibaba is getting into the chipmaking business

Fin24.com | Gordhan tells Parliament Denel, SAA, SA Express will miss annual report deadline Phumelela CEO Rian du Plessis quits ‘for personal reasons' By CNN Money On 19 September 2018 · Leave a Comment Alibaba chief Jack Ma has been vocal about addressing China's dependence on foreign-made computer chips.   Download "Who We Are" What we do, case studies and profiles of some of our amazing team.

AECOM Appoints New Water Business Line Lead for Africa

Integrated infrastructure delivery company AECOM has appointed Werner Comrie as the lead for its Water Business Line in Africa, the company made an announcement through a statement. Comrie graduated in civil engineering from the University of Pretoria , and has 29 years' experience in the field of water engineering. Starting out as a young bursar with the Department of Water Affairs, Comrie's entire work career has been focused on the water sector.

Technology will change the way companies do business

Mike Harris, Gartner. Introducing a panel of Gartner analysts and researchers, Mike Harris, executive VP for research said large and small enterprises recognise the power of technology to transform how they will deliver products and services to their customers. In his keynote he connected the dots in companies' digital journeys, from culture to technologies to strategy to operating models.

Female tech entrepreneur wins top business awards

Motloutsi was recently selected overall winner of the Top 50 Inspiring Women and Top Female Entrepreneur of the Year Awards in recognition of her achievements in the ICT sector. Her company's servces include fibre-to-the-home connectivity and remote security surveillance for homes. Smart Digital has forged a partnership with Software AG to provide smart solutions to homes and businesses by leveraging the power of data analytics, big data software and connectivity.

Kenya:Multichoice Says Split Won t Affect Kenya Business

[Nation] Plans by South African media and e-commerce firm Naspers, the owner of pay-TV provider MultiChoice, to list its video entertainment business on the Johannesburg Stock Exchange (JSE) and unbundle the unit to shareholders won t affect its Kenya operations, its local unit has said..

Female tech leader wins top business awards

Motloutsi was recently selected overall winner of the Top 50 Inspiring Women and Top Female Entrepreneur of the Year Awards in recognition of her achievements in the ICT sector. Her company's servces include fibre-to-the-home connectivity and remote security surveillance for homes. Smart Digital has forged a partnership with Software AG to provide smart solutions to homes and businesses by leveraging the power of data analytics, big data software and connectivity.

AngloGold Ashanti entry-level workers to earn R14k salary in 3 years

President of the Association of Mineworkers and Construction Union (Amcu), Joseph Mathunjwa, said on Monday that entry-level workers at AngloGold Ashanti will earn a minimum of R14 000 in three years' time This comes after AngloGold Ashanti signed an agreement with Amcu, UASA and Solidarity, which gave workers an increment of R1 000-a-year over three years. Amcu also achieved a 6,5% increase for miners, artisans and officials - 0,5% more than the mandated 6%. Mathunjwa said that AngloGold Ashanti tabled an offer close to what Amcu members had mandated and its negotiators encouraged further engagements to find common ground.

Amcu triumphs in AngloGold Ashanti wage negotiation

Joseph Mathunjwa states that entry-level workers will now earn R11 000 a month. He also explains his objection to Sibanye's takeover of Lonmin. NOMPU SIZIBA: Mine union Amcu, Solidarity and Uasa have signed a gold wage deal with AngloGold Ashanti, which will see lower-category workers earning an additional R1 000 per month.

AMCU DELIVERS ON WORKERS' DEMANDS

THE Association of Mineworkers and Construction Union has reached a settlement agreement with AngloGold Ashanti. This follows months of negotiations in the ongoing gold sector wage talks. Yesterday, Amcu announced it had reached a settlement with the mining company, which tabled an offer close to what its members want.

AngloGold agrees to ‘historic' wage deal

JOHANNESBURG - AngloGold Ashanti yesterday agreed to a three-year wage settlement and a new shift arrangement that will see entry-level employees earn R1 000 more a year in the third year - a deal labelled by unions as historic. AngloGold Ashanti signed the 6.5 percent salary hike with the Association of Mineworkers and Construction Union (Amcu), trade union Solidarity and Uasa.

CNN-flighted advert projecting huge growth for platinum-using fuel cells

18TH SEPTEMBER 2018 BY: MARTIN CREAMER CREAMER MEDIA EDITOR SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ JOHANNESBURG (miningweekly.com) - French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the Institute of Energy Economics, Japan, and flighting the advertisement in association with Invest Japan, the gas company is forecasting a hydrogen and fuel cell market size in Japan that will be valued at eight-trillion yen by 2050.

CNN-flighted advert projecting huge growth for platinum-using fuel cells

18TH SEPTEMBER 2018 BY: MARTIN CREAMER CREAMER MEDIA EDITOR SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ JOHANNESBURG (miningweekly.com) - French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the Institute of Energy Economics, Japan, and flighting the advertisement in association with Invest Japan, the gas company is forecasting a hydrogen and fuel cell market size in Japan that will be valued at eight-trillion yen by 2050.

Petra's Dippenaar plays down Tanzania risk despite $14m VAT backlog

By David McKay - September 18, 2018 Share on Facebook Tweet on Twitter John Magafuli, president, Tanzania THE $800,000 Petra Diamonds had received in VAT refunds from the Tanzanian government was the tip of the iceberg as $14m was still outstanding, said the company's outgoing CEO, Johan Dippenaar who nonetheless believed that Petra was unlikely to fall under the same regulatory scrutiny as larger mining firms operating in the country. The UK-listed diamond company had moved the outstanding VAT refunds to long-term receivables in its accounts - an indication that although the refunds were not imminent, they would be recovered, eventually. John Magufuli was elected president of Tanzania in 2015 on an anti-corruption ticket, and whilst he has made improvements in some respects, his administration is known more for surprising policy changes, especially in the mining sector.

Fortress vows to respond to calls for an independent investigation soon

Fortress vows to respond to calls for an independent investigation soon The property company is facing allegations of poor corporate governance under chair Iraj Abedian's watch 19 SEPTEMBER 2018 - 05:24 ALISTAIR ANDERSON Iraj Abedian. Picture: PUXLEY MAKGATHO Iraj Abedian. Picture: PUXLEY MAKGATHO Image: Fortress chair Iraj Abedian says the property company, which is facing allegations of poor corporate governance under his watch, will respond to calls by some of SA's largest institutional investors for an independent investigation by month end.

Cummins emerges a major winner at 2018 Gender Mainstreaming Awards

but is a supplied media statement. Cummins Africa Middle East (AME) emerged a major winner at the Gender Mainstreaming Awards at the Ticketpro Dome in Northgate, Johannesburg on Thursday 13 September. The awards are an initiative of the Business Engage Association NPC, sponsored by PricewaterhouseCoopers (PwC).

LOOK: Fourways crash claims three lives, leaves 20 injured

ourways - Three people have died, and approximately 20 others left injured following a multiple vehicle collision just outside Fourways, paramedics said on Tuesday. The accident happened on Tuesday morning on Cedar Road. ER24 spokesperson Russel Meiring said paramedics, along with Life Healthcare and other services, arrived at the scene to find several vehicles scattered on the road.

Analysts put a value to MultiChoice spin off from Naspers

Discarded by its globe-trotting parent Naspers Ltd after more than three decades, African pay-TV heavyweight MultiChoice Group Ltd is facing an uncertain future. The broadcaster of English Premier League soccer and hit dramas such as Game of Thrones will be spun off by Naspers in Johannesburg next year, creating a newly listed company. Estimated valuations by analysts and investors have ranged from $5 billion to $6.

Jooste-linked Phumelela CEO quits as Steinhoff hurts racing firm

Phumelela Gaming and Leisure  [ JSE:PHM ] chief executive officer Rian du Plessis resigned from the horse-racing firm after 10 years at the helm and pledged not to sell any company shares for the "foreseeable future". The executive quit for personal reasons and will be replaced by head of international operations John Stuart, the Johannesburg-based company said in a statement on Tuesday. Du Plessis is a close friend of Steinhoff International [ JSE:SNH ] ex-CEO Markus Jooste, who sat on the Phumelela board before his abrupt resignation from Steinhoff at the start of the retailer's accounting crisis in December.

Naspers has acquired We Buy Cars

The group said the investment formed part of its plans to boost growth in classifieds, online food delivery and fintech businesses globally..