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Five small business trends for 2019

Given the state of the economy and the rapid change in the business environment, 2018 was a tough year for many SMEs..

Five small business trends for 2019

Given the state of the economy and the rapid change in the business environment, 2018 was a tough year for many SMEs. Photo: File DURBAN - Given the state of the economy and the rapid change in the business environment, 2018 was a tough year for many SMEs.   "Unfortunately, this is expected to carry on in 2019," noted Richard Andrews, Chief Executive of Diversiti Management Consulting.

Business WorldRemit and the Commercial Bank of Ethiopia partner to modernize the country's payment systems

Global money transfer company, WorldRemit has partnered with the Commercial Bank of Ethiopia (CBE) to launch the first ever international mobile money transfer service to Ethiopia. This will allow customers to transfer money quickly and securely to over 20 million CBE bank accounts and 1,300 cash pickup locations. They will also be able to send money to any mobile number throughout Ethiopia.

Business The peculiar case of Nigeria's bilateral air agreements

The Minister of State for Aviation in Nigeria, Senator Hadi Sirika recently disclosed that the government has signed a Bilateral Air Services Agreement (BASA) with India. The BASA, which was signed during the Minister's official visit to India, would enable the two countries to operate direct flights, deepening flight operations from one end to the other. With this agreement, there are speculations that the total number of BASAs Nigeria has with other countries has risen to over 90.

Indian business leaders urge central bank to cut benchmark rate

* Business leaders seek cut in policy rates by 50 basis points * Finance minister says can't have higher real interest rates * Says farm sector facing a challenge after fall in crop prices (Updates with finance minister's comment) By Manoj Kumar NEW DELHI, Jan 17 (Reuters) - India's top business groups on Thursday urged the central bank to cut its benchmark interest rate by at least half a percentage point and lower the cash reserve ratio it imposes on banks to stimulate an economy that is showing signs of weakness. Finance Minister Arun Jaitley indicated his support for the demands. Speaking through a video conference from New York, where he has gone for a medical check-up, Jaitley told TV channel CNBC TV18 that although he respected the autonomy of the central bank, he felt domestic real interest rates should not be higher than in other countries.

Ferrero short-listed for auction of Campbell Soup's intl. business - source

MILAN, Jan 17 (Reuters) - Nutella maker Ferrero has been shortlisted to take part in the second round of Campbell Soup Co's auction of its international business, a source with knowledge of the matter said on Thursday. The Italian confectionery group is competing with U.S.

PE Business News: Former PE businessman at centre of State Capture Inquiry

Promote your business on BuyPE and MyPR . Former PE businessman at centre of State Capture Inquiry : Former Port Elizabeth businessman, Gavin Watson … as a marketing coordinator even though he was involved in many other aspects of the business. In his wide-ranging testimony, Agrizzi explained how m… Source: "Port Elizabeth" business - BingNews .

MUST SEE: Africa's most popular video streaming sites

MUST SEE: Africa's most popular video streaming site. Despite the major infrastructural challenges that Africa faces - such as low connectivity and the high cost of data, the number of video streaming platforms active in Africa has exploded over the past few years as the continent responded to the global shift from linear TV to on-demand viewing. Online streaming is cheaper and more convenient than traditional cable TV because it gives you an option to watch the programs of your choice at a time convenient to you.

Audemars Piguet and Swiss watch rivals hasten shift to in-house sales

* Audemars Piguet, Richard Mille take stakes in franchised shops * Aim to control image as well as margins, inventories * Watch brands split over how best to handle distribution * Demise of wholesalers could hurt smaller manufacturers By Silke Koltrowitz and Sarah White GENEVA, Jan 17 (Reuters) - Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers. Changes to distribution for luxury watches have lagged sectors such as groceries or fashion, with eye-watering price tags seen as a barrier to buying online and favouring a more traditional sales approach. But trouble clearing excess inventory at multi-brand watch retailers, and the lure of better margins, is persuading some labels to cut their reliance on the third-party resellers that still account for around 75 percent of industry sales, according to analysts.

JSE closes weaker as retailers flag lower festive season sales

The JSE retreated on Thursday as pressure mounted on local retailers following the release of weaker trading statements from some of the bourse's largest retailers. Trading updates from Mr Price [ JSE:MRP ] and Woolworths [ JSE:WHL ] reflected lower than expected sales volumes during the December holidays. This came as a shock to most market participants given the jump that was recorded in South African retail sales data for the month of November released on Wednesday.

Morningside Shopping Centre welcomes 10 new shops

Morningside Shopping Centre has welcomed ten new shops to ring in 2019.  The recognizable brands include Wellness Warehouse, Birkenstock, Whisky Brother, Scotch & Soda, Naked Coffee, Typo, Pick n Pay Clothing, Bidvest Waltons, Beauty Factory and  Café Patisse.  Centre Manager Sharon Henry comments: "We are delighted to welcome these excellent names in retail … Each one complements and enhances the centre's unique retail mix with on-trend variety that refreshes and creates a complete experience for customers.

FMI: blazing a trail for a new approach to life insurance

Life insurer FMI has always believed in protecting your dreams. Today, the company, which pioneered income protection for the self-employed in South Africa, is emerging as one of the big growth stories of the local insurance sector - and it says the best is yet to come. In the past year alone, FMI's sales volumes have almost doubled, driven by a wider range of life insurance products and what chief executive Brad Toerien calls "a better way" of doing life insurance based on protecting and supplementing 100% of a person's income.

Audemars Piguet and Swiss watch rivals hasten shift to in-house sales

Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers. Photo: Richard Mille Changes to distribution for luxury watches have lagged sectors such as groceries or fashion, with eye-watering price tags seen as a barrier to buying online and favouring a more traditional sales approach. But trouble clearing excess inventory at multi-brand watch retailers, and the lure of better margins, is persuading some labels to cut their reliance on the third-party resellers that still account for around 75 percent of industry sales, according to analysts.

Heightened risk will characterise 2019: business resilience will be key

Heightened risk will characterise 2019: business resilience will be key 16 January 2019 ContinuitySA One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO, ContinuitySA. "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex. This also means that when risks materialise, they can play out in unexpected ways," he says "So while it remains important to undertake a thorough scoping of the risks each organisation faces, it's even more important to ensure that the organisation is resilient enough to deal with whatever risks do materialise.

Heightened risk will characterise 2019: business resilience will be key

Heightened risk will characterise 2019: business resilience will be key It is important to ensure the organisation is resilient enough to deal with whatever risks do materialise, says Michael Davies, CEO at ContinuitySA. Issued by Warstreet Marketing for ContinuitySA Johannesburg, 16 Jan 2019 VISIT OUR PRESS OFFICE chevron_left One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO at ContinuitySA. "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex.

Heightened risk will characterise 2019: business resilience will be key

Published on 15 January 2019 By ContinuitysA VISIT OUR PRESS OFFICE "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex. This also means that when risks materialise, they can play out in unexpected ways," he says "So while it remains important to undertake a thorough scoping of the risks each organisation faces, it's even more important to ensure that the organisation is resilient enough to deal with whatever risks do materialise." Mr Davies notes that the importance of resilience can be seen in the increasing emphasis that insurers are putting on business continuity as a precondition for insurance.

Indian business leaders urge central bank to cut benchmark rate by 50 basis points

By Manoj Kumar NEW DELHI, Jan 17 (Reuters) - India's top business groups on Thursday urged the central bank to cut its benchmark interest rate by at least half a percentage point and lower the cash reserve ratio it imposes on banks to stimulate an economy that is showing signs of weakness. Reserve Bank of India (RBI) Governor Shaktikanta Das, who took charge last month after the sudden exit of Urjit Patel, was presented with the requests when he met industry captains in Mumbai ahead of the next monetary policy meeting on Feb. 7.

Togo: Bognor Regis business saves lives with UK aid

A Bognor Regis business in West Sussex is helping children in some of the world's poorest countries to receive lifesaving vaccines Published 17 January 2019 From: Department for International Development and The Rt Hon Penny Mordaunt MP Polestar Cooling and their national partner Dulas produce solar-powered fridges that are used to store and preserve vaccines in countries where power supplies are often sporadic. Outside of safe temperatures, vaccines deteriorate and become unusable. DFID, is working with Gavi, the Vaccine Alliance, Polestar Cooling and Dulas to supply these life-saving solar fridges to Djibouti and Togo.

Changing The Way Logistics Does Business

"Innovation is a way of life for BPL," says Willem Bekker, Supply Chain Solutions Manager for South Africa-based international logistics outfit Bidvest Panalpina Logistics (BPL), and a member of the company's Innovation Committee, which is made up of people from all areas of the business. And BPL puts its money where its mouth is: it established an Innovation Platform a year ago, inviting staff members to submit innovative ideas that could improve on the quality of service to its customers. This "bottom-up" approach has introduced a culture of innovation in the company, and has so far produced over a hundred ideas, many of which have been implemented or are in development.

`Patron saint' of investing business: remembering John Bogle

John Bogle turned investing upside down. By founding Vanguard Group, and persisting through the disappointing early years of running the first index mutual fund available to individual investors, he ended up slashing fees paid by hundreds of millions of regular people. Bogle, who died Wednesday at age 89, also squeezed profit margins on Wall Street, which he loudly and persistently criticised for treating investors poorly.

In 5G play, Vodafone and IBM link up cloud systems for business

* Partnership targets digital transformation at companies * Looks to launch of 5G services * Focus on Vodafone's UK, German and Irish markets By Douglas Busvine FRANKFURT, Jan 17 (Reuters) - Vodafone is teaming up with IBM to offer businesses a way to link different cloud computing systems to support the next wave of digital advances, such as machine learning, on super-fast fifth-generation telecoms networks. As part of the deal, the UK-based telecoms operator will pay $550 million to IBM under an eight-year managed-services agreement that will offer tools such as artificial intelligence (AI) and automation to networked businesses. The two companies are pitching the venture as a combination of cloud computing and connectivity that would, for example, enable super-fast communication between robots on a factory floor without the need for a big 'pipe' back to a data centre.

26-year-old arrested in connection with Maclear business robbery

Media Statement from Eastern Cape Media Centre Corporate Communication and Liaison South African Police Service KING WILLIAM'S TOWN: Following the business robbery at Maclear on 15 January 2019, Maclear Detectives worked around the clock following leads until their rigorous efforts led to the arrest of a 26-year-old suspect at Peter Mokaba locality yesterday, 16 January 2019.  It is alleged that on 15 January 2019, at about 08:00 two suspects, one armed entered the business premises and took a staff member with them to the Post Office side of the building. The suspects instructed everyone to lay down and managed to get hold of the safe key.

Business News - 16 Jan 2018

The Sarb's independence will remain intact says Ramaphosa, Minister Radebe aims to finalise the IRP next month and Black Friday boosts November's retail sales..

Hope and possibility for business clinic graduates

For many people, graduation is a day of joy, pride, triumph and celebration. This was the case for the graduates of the Wentworth Business Clinic. As they made their way up to the podium, the ceremonial sounds of ‘Gaudeamus', performed by the Unisa choir, permeated the air.

Could 2019 be the year you finally start your own business?

Now is as good a time as any to turn your business dreams into a lucrative reality. As we return to our day jobs in January every year, some of us wonder if now is the time to leave that toxic boss or uninspiring workplace and finally take the leap into entrepreneurship. We imagine that working for ourselves will provide the freedom, inspiration and excitement we crave from a fulfilling vocation.

Morgan Stanley suffers worst bond-trading slump on Wall Street

The US investment bank's merger-advisory work benefited from a deal-making boom that pushed revenue from that business 41% higher to $734m New York — Morgan Stanley's fixed-income traders succumbed to the same downturn that afflicted the rest of Wall Street in the fourth quarter, posting their worst results in three years. Bond-trading revenue tumbled 30% to $564m, the New York based company said Thursday in a statement. The drop was the biggest of the five largest US investment banks and well below the $823m average estimate of analysts.

Expanded SIU investigation into Life Esidimeni welcomed - Jack Bloom

Expanded SIU investigation into Life Esidimeni welcomed - DA says proper expertise and resources are needed to ensure a speedy conclusion DA welcomes expanded SIU investigation into Life Esidimeni 17 January 2019 The Democratic Alliance (DA) welcomes President Cyril Ramaphosa's proclamation to broaden the terms of reference of the Special Investigating Unit (SIU) investigation into the Gauteng Health Department's Life Healthcare Esidimeni contract and 28 entities where mental health patients were sent. I am concerned, however, that we could have endless investigation instead of prosecutions that convict guilty people in court. We need to know how the SIU is coordinating with the police investigation which is slow and under-resourced.

Leading pharmaceutical CISO heads to Johannesburg for CISO Africa 2019

A stellar group of local and international speakers are lined up for the CISO Africa 2019 conference, which kicks off in Johannesburg in February. CISO Africa 2019 is a peer-led conference for IT security, fraud and risk professionals, showcasing pragmatic IT leaders' strategies to mitigate threats, allay the bombardment of cyber-attacks and employ effective IT security management across the business.Leading the international speakers' roster is John Meakin, the current Group Chief Information Security Officer at GlaxoSmithKline from the UK.

Changing The Way Logistics Does Business

"Innovation is a way of life for BPL," says Willem Bekker, Supply Chain Solutions Manager for South Africa-based international logistics outfit Bidvest Panalpina Logistics (BPL), and a member of the company's Innovation Committee, which is made up of people from all areas of the business. And BPL puts its money where its mouth is: it established an Innovation Platform a year ago, inviting staff members to submit innovative ideas that could improve on the quality of service to its customers. This "bottom-up" approach has introduced a culture of innovation in the company, and has so far produced over a hundred ideas, many of which have been implemented or are in development.

Game of phones — a Tencent winner is coming

A test version of a Game of Thrones game will be released in the next few months Tencent, 31%-owned by SA internet company Naspers, will soon release a test version of a Game of Thrones game for smartphones, after winning exclusive Chinese rights to distribute the title based on the popular TV series. China's largest social and media gaming company will be the sole distributor for Game of Thrones: Winter is Coming, developed by Yoozoo, Tencent said on its official WeChat account. It didn't specify a launch date but said it would dovetail with the show's final season airing from April.

THE FOSCHINI GROUP LIMITED - December 2018 Trading Update

Wrap Text December 2018 Trading Update THE FOSCHINI GROUP LIMITED Reg. No.: 1937/009504/06 Code: TFG ISIN: ZAE000148466 ("TFG") Trading Update December 2018 Trading Update TFG consolidated turnover increased by 8,3% for the December 2018 trading month, compared to the December 2017 trading month, with solid performances across all business segments.

NEWFUNDS COLLECTIVE INVEST SCHEME - NFEVOL: Distribution and Re-Investment Announcement For Quarter Ended 31 December 2018

Wrap Text NFEVOL: Distribution and Re-Investment Announcement For Quarter Ended 31 December 2018 NEWFUNDS LOW VOLATILITY EXCHANGE TRADED FUND PORTFOLIO Share code: NFEVOL ISIN: ZAE000252458 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) ("NewFunds") DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER 2018 NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 25 January 2019, for the quarter ended 31 December 2018 as follows: Alpha code Dividend/Interest Foreign/ Local Gross Subject to *Withholding Net Distribution Withholding tax Tax (%) Distribution (Cents per unit) Yes/ No (Cents per unit) NFEVOL Interest Local 0.11571 No 0.11571 Dividend Local 5.

INVESTEC PROPERTY FUND LIMITED - Directors Dealings in Securities Nicholas P Riley

Wrap Text Director's Dealings in Securities - Nicholas P Riley INVESTEC PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Reg. No: 2008/011366/06) Approved as a REIT by the JSE Share Code: IPF ISIN: ZAE000180915 ("Investec Property Fund" or "the Fund") Director's Dealings in Securities - Nicholas P Riley In compliance with Rules 3.63 - 3.

People affected by #listeriosis invited to be part of civil suit

Hundreds of people affected by the listeriosis outbreak have until March to lodge claims for compensation. The Johannesburg High Court has appointed two law firms to pursue civil claims on behalf of those affected by the outbreak since 2017. Considered the world's biggest listeriosis outbreak, it claimed at least 216 lives and affected more than a thousand people.

AFTER LISTERIA: A Contrarian View of the Bigger Picture

A sign to inform customers is placed over the processed cold meats section of a supermarket in Cape Town, South Africa, 05 March 2018. EPA-EFE/NIC BOTHMA "We are now in the aftermath phase of the listeria outbreak and I think it is high time for an objective assessment of the bigger picture after the horrors of 2018," asserts SA food scientist, Nigel Sunley. The Big 3 challenges of food these days are safety, nutrition and sustainability and we need to look at how the events of 2018 have influenced their prioritisation in South Africa in particular, he writes.

Explainer - The latest cash crunch behind Zimbabwe's protests

Protests against fuel price hikes in Zimbabwe have entered their third day, posing a major challenge for President Emmerson Mnangagwa who replaced long-time leader Robert Mugabe and promised to repair the creaking economy. The crisis will not be easy to fix. There is a severe shortage of dollars, fuel and medicines, while inflation hit 31 percent in November, the highest in a decade.

Curro launches new tech and economics college - that offers an alternative to matric

JSE-listed education group Curro is launching Curro Holdings: Private College - Rivonia , its first educational facility to offer the National Certificate Vocational (NCV) as an alternative to the National Senior Certificate. With classes starting on 4 February 2019, it will offer two NCV programmes: Information Technology and Computer Sciences, and Finance, Economics and Accounting. Stoffel Goosen, head: organisational development at Curro, said that the NCV qualification has existed since 2008 and is available through public and private colleges registered with the Department of Higher Education.

KaNyamazane police searching for armed robbery suspects

Members of the South African Police Service at Kanyamazane are looking for about five balaclava-clad men who robbed a British American Tobacco (BAT) delivery bakkie. SAPS at Kanyamazane are looking for about five balaclava-clad men who robbed a British American Tobacco (BAT) delivery bakkie. MBOMBELA - The incident occurred on Wednesday at about 10:30, when a 33-year-old man, the driver of the vehicle, was allegedly robbed while delivering cigarettes at a certain shop in the area.

Kumba Iron Ore demolishes Dingleton hostel

On Wednesday, Kumba Iron Ore demolished a hostel in the mining town of Dingleton in the Northern Cape where a handful of families have been resisting attempts to move them. A  short video tweeted  by Richard Spoor, an attorney representing most of the residents, shows a bulldozer partially destroying the hostel. Kumba has been trying to move the Dingleton families in order to expand its mining operations at Sishen, which is one of the largest open pit mining operations in the world.

20 Top marketing thoughtleaders get naked at the 2019 Nedbank IMC Conference

The one-day conference features top local and international speakers On March 14 2019, the Integrated Marketing Conference (IMC) brings you the 2019 Nedbank IMC Conference, "Marketing Gets N*ked" at Fox Junction in Newtown, Johannesburg. The one-day conference aims to strip marketing down to the bare bones of what really matters. It features an exciting lineup of 20 top local and international speakers, who will share their insights in short, sharp Ted-style talks.

SA government puts spanner in works with offer to nationalise Optimum Coal Mine

THE South African government put a spanner in the works today after it said its African Exploration & Mining Finance Corporation (AEMFC) was participating in a consortium that would effectively nationalise Optimum Coal Mine. The bid heaps yet more confusion on the meandering, apparently haphazard and occluded process of retrieving Optimum Coal from bankruptcy. It was thought a company known as Project Halo had submitted a successful bid for Optimum Coal Mine, and in so doing had pipped another consortium - Phakamani - to the post.

South32 keeps thermal guidance unchanged as Klipspruit dragline returned to service

SOUTH32 forecast "… a strong recovery" in coal export volumes at its South African Energy Coal (SAEC) in the second half of the firm's financial year as it returned a dragline to service at its Klipspruit colliery in Mpumalanga province. Saleable thermal coal production fell 9% to 12.2 million tonnes (Mt) in the six months ended December, but the group has maintained initial guidance for the year of 29Mt.

People affected by listeriosis invited to be part of civil suit

JOHANNESBURG - Hundreds of people affected by the listeriosis outbreak have until March to lodge claims for compensation. The Johannesburg High Court has appointed two law firms to pursue civil claims on behalf of those affected by the outbreak since 2017. Considered the world's biggest listeriosis outbreak,  it claimed at least 216 lives and affected more than a thousand people.

Low volumes seen on the JSE, Naspers drives activity

Miners disappoint, Sasol down on stronger rand. David Shapiro, deputy chairman at Sasfin Wealth, joins Nompu Siziba to talk about the ups and downs of the markets on Wednesday..

Morgan Stanley profit misses as bond traders stumble in volatile markets

* Q4 trading, wealth management revenue down * Q4 EPS of 80 cents/shr misses est of 89 cents/shr * Shares down nearly 5 pct in early trading (Adds wealth management revenue, background, updates shares) By Aparajita Saxena and Elizabeth Dilts Jan 17 (Reuters) - Morgan Stanley missed analysts' estimates for quarterly profit on Thursday after spikes in volatility in the end of the fourth quarter hurt trading, sending its shares down 5 percent. The bank was hit by a combination of losses in fixed-income trading and declines in its huge wealth management unit. Larger rivals JPMorgan Chase & Co and Citigroup Inc also reported sharp declines in bond trading revenue.

MIDEAST STOCKS-Corporate earnings boost most Gulf markets; Egypt edges lower

* Emirates NBD continues to gain on Q4 results * Air Arabia rises after lawsuit against Abraaj founder * Saudi's Samba Financial gains on FY results * National Commercial Bank rises on merger talk By Abinaya Vijayaraghavan Jan 17 (Reuters) - Dubai's stock market rose on Thursday, buoyed by heavyweight constituents, with most Gulf markets lifted by corporate earnings announcements. The Dubai index added 0.6 percent as lender Emirates NBD rose by 1.

SocGen blames rocky markets for its profit warning

* Lender to book 240 mln euros in asset sales charge * Tough market conditions to hit CIB arm * Sees flat dividend * SocGen shares fall, knocks down shares of rivals (Adds analysts' comments and more detail) By Sudip Kar-Gupta and Inti Landauro PARIS, Jan 17 (Reuters) - French bank Societe Generale warned that volatile markets would hurt its fourth quarter profit, hitting its shares and other banks which have yet to report earnings. SocGen, whose traditional strength is in stocks and equity derivatives, said it expected a drop in revenue of around 20 percent compared to last year in its global markets and investor services division. That update comes in the same week that larger U.

A Hard Brexit Would Remove Uncertainty for Markets

Two and a half years after the United Kingdom voted to leave the European Union, it's finally entering the end-game but with no clear idea of the outcome. At this point, David Zahn, Franklin Templeton Fixed Income Group's head of European Fixed Income, believes financial markets are crying out for an end to the uncertainty, even if that means accepting the short-term pain of a Hard Brexit. We have long argued that the best Brexit scenario would be a deal between the United Kingdom and the European Union (EU) governing post-divorce trade, and we continue to believe that.

Dawie de Villiers opens up on Alexander Forbes' executive departures

Alexander Forbes has begun the year on a somewhat low but might call it a high, if you consider the events a cleaning up process. There have been several resignations by some of the company executives. This comes after the sudden departure of its CEO in September.

Stock Watch Picks - 16 Jan 2019

Wayne McCurrie from FNB Wealth and Investments chose Shoprite Holdings Ltd (SHP) / R195.69 (+1.44) as his stock pick of the day and David Shapiro from Sasfin Securities chose Nasdaq 100 Index (NDX) / 6674.

Binding bids for SA Energy Coal expected by end-June, says South32

The diversified miner will remain invested in SA through its manganese and aluminium smelting operations Plans to sell-off South African Energy Coal are progressing and binding bids for the business are expected in the first half of the year, global diversified mining company South32 said in a quarterly report on Thursday. The company announced its intention to sell off the coal division in late 2017, with the aim of transforming the shareholding of the company, in line with its commitment to economic transformation. A majority black-owned South African Energy Coal is expected to open up more opportunities for the company.

Edcon gets some breathing space

Edcon is at a turning point yet again. The retailer — which operates the Edgars, Jet and CNA chain stores — has just wrapped up a deal with 250 stakeholders, including its shareholders and landlords, in a bid to keep its doors open.  The deal concluded in December, will allow Edcon to renegotiate its store leases and bring in new shareholders.

SA poultry industry wants hefty increase in tariffs to protect local industry

The South African poultry industry has defended its application for a hike in import tariffs of frozen chicken portions to 82%, saying the cheap chicken imports mainly from Brazil hurt the competitiveness of local producers.  The steep tariffs, for bone-in and boneless portions, will shield the local industry from dumped portions and save thousands of jobs. The poultry industry employed about 50,000 people directly and another 50,000 indirectly, according to Izaak Breitenbach of the SA Poultry Association (Sapa).

Support the Early Care Foundation while enjoying a night on musical talent

Beware of old hoax message doing the rounds - 7 hours ago Blaze Nzimande announces festive season road fatalities - 22 hours ago #RolexGang success: Two suspects arrested in Sandton CBD - 7 hours ago WATCH: Attempted robbery caught on camera - 1 day ago Suspect arrested for possession of unlicensed firearms and ammunition - January 15, 2019 Integrated Crime Combatting operation held in Sandton - January 15, 2019 Transport of dangerous goods without permit prohibited - January 14, 2019 Temporary Pikitup collection schedule for Sandton - January 12, 2019 Helpful details for contacting the City to attend to issues in Sandton central - January 2, 2019 Nico de Jager wishes residents a safe festive season - December 29, 2018 Dr Mpho Phalatse's festive message - December 28, 2018 MUST WATCH: Sandhurst Prep Grade 1 learners share giggles on first day - 7 hours ago Grade 1 learners are excited to start their school journey - 24 hours ago Parents urged to finalise the admissions process for their children - 1 day ago TOP STORY: Five sets of twins at Brescia House are achievers - January 14, 2019 Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 Life Hack: Cut down on waste in five easy steps - 6 hours ago Africa by Toto to play on eternal loop in Namib desert - 1 day ago Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - January 15, 2019 Life Hack: 6 useful hacks from 100 years ago - January 15, 2019 Kickstart your day with warm lemon water instead of coffee - January 14, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December 3, 2018 Japan's Hitachi freezes British nuclear

ANALYSE THIS: Terebinth Capital's Nomathibana Matshoba

We analyse Nomathibana Matshoba, portfolio manager and MD at Terebinth Capital If someone came to you tomorrow with R100m to invest in just one company, which would it be? Growthpoint Properties — a well-diversified, quality portfolio with relatively attractive forward yield and growth prospects. Which talent would you most like to have? Speed reading. There's so much data to go through and not enough hours in the day.

WorldRemit launches low-cost transfer service from South Africa

DURBAN - Leading digital money transfer service WorldRemit has launched its low-cost digital money transfer service from South Africa as the company targets the money transfer market in Africa, with an initial public offering (IPO) on the horizon. WorldRemit, with its global headquarters in London, said yesterday that it had opened a new office in Johannesburg to drive the growth of inter-Africa transfers through its services.  WorldRemit currently handles money transfers from the US, UK, European and Asian countries to more than 40 African countries.

SIU GETS GO AHEAD TO PROBE ESIDIMENI SAGA!

President Cyril Ramaphosa has instructed the Special Investigating Unit (SIU) to investigate the Life Healthcare Esidimeni contract and 28 entities. The SIU will probe allegations of irregularities in procurement by the Gauteng Department of Health, its employees or by contractors. Life Healthcare Esidimeni came under the spotlight in 2016 when 140 mental health patients died, when they were moved from Life Esidimeni Healthcare to inadequately equipped, unsanctioned NGO facilities.

South African retailer Mr Price reported a slow sales growth in Q3, what you should know

The retailer also experienced low Black Friday sales in November. JOHANNESBURG ( ) - South African retailer Mr Price Group Ltd reported a much slower sales growth for the third quarter, as financially constrained consumers spent less on clothes during the crucial months of November and December. An increase in value-added tax, a rise in unemployment and inflation levels, coupled with higher fuel prices and an interest rate increase in November have reduced spending power in South Africa, Mr Price's largest market.

Marex Spectron warned by executive of fraud risk -lawsuit documents

* Executive concerned about endorsed warehouse receipts * Marex said reassured by Glencore-owned warehouse By Eric Onstad LONDON, Jan 17 (Reuters) - Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalised a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court documents seen by Reuters show. Natixis filed the lawsuit against Marex in May 2017 after the bank said warehouse ownership receipts for nickel provided by Marex had turned out to be fake. Natixis holds Marex responsible for not identifying the fraud before the financing deal was completed.

EMERGING MARKETS-Emerging market stocks dip, S.African rand soft ahead of rate meet

* Russian rouble dips, stocks flat as oil falls * Turkish lira eases after Wednesday gain By Aaron Saldanha Jan 17 (Reuters) - Emerging market stocks slid off a more than six-week peak on Thursday amid cautious risk sentiment among investors, while developing world currencies weakened against a resolute dollar, losing all ground gained over the past two days. Emerging market equities from China and Hong Kong to South Africa dipped, while South Africa's rand softened ahead of a central bank meeting where borrowing costs are unlikely to be tweaked. MSCI's indexes of developing world stocks and emerging market currencies each dipped 0.

Durban: Adult male dies in Durban North shooting.

KwaZulu-Natal: Shortly before 10H30 Thursday morning Netcare 911 responded to reports of a shooting at a Virginia Beach parking lot popular with local fisherman. Reports from the scene indicate that an adult male had sustained an alleged self-inflicted gunshot wound to his head. The man was assessed on scene by an Advanced life support paramedic and sadly found to have no signs of life and was declared deceased on the scene.

Marex Spectron warned by executive of fraud risk -lawsuit documents

* Executive concerned about endorsed warehouse receipts * Marex said reassured by Glencore-owned warehouse By Eric Onstad LONDON, Jan 17 (Reuters) - Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalised a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court documents seen by Reuters show. Natixis filed the lawsuit against Marex in May 2017 after the bank said warehouse ownership receipts for nickel provided by Marex had turned out to be fake. Natixis holds Marex responsible for not identifying the fraud before the financing deal was completed.

How To Get The SA Economy's Engine Room Working Again

The South African Chamber of Commerce and Industry recently rated the country's business confidence as ‘hesitant'. Just how much do we have to look forward to and can the business sector be revived? Joining CNBC Africa for more on this is Isaah Mhlanga, Executive Chief Economist at Alexander Forbes Investments & Tanya Cohen, CEO of Business Unity South Africa and Chief Economist at Nedbank, Dennis Dykes. The post appeared first on iAfrica.

E-commerce pioneers in Nigeria are struggling to prove the market's viability

When Nigeria's tech ecosystem started to form nearly a decade ago, e-commerce seemed to be the go-to tech idea for a startup. Perhaps, more than anything else at the time, it captured the idea of an online business serving customers through technology. But recent trends suggest that reality was not rooted in economics and may now be going out of fashion.

WATCH: Rand remains on the front foot against the dollar

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - The rand remained on the front foot during yesterday's European session, despite stumbling briefly during mid-day trading according to NKC Research.  The South African currency benefited from a somewhat softer greenback, while a strong showing in November's retail sales provided further support to the rand. At the close of local trade, the rand was unchanged at R13.

7 things you need to know today

President Cyril Ramaphosa. Picture: Bongani Mbatha/African News Agency(ANA) CAPE TOWN - Good morning. This is all the latest business news that you need to know today.

Rand remains on the front foot against the dollar

JOHANNESBURG - The rand remained on the front foot during yesterday's European session, despite stumbling briefly during mid-day trading according to NKC Research.  The South African currency benefited from a somewhat softer greenback, while a strong showing in November's retail sales provided further support to the rand. At the close of local trade, the rand was unchanged at R13.

The stocks that made investors sit up

Naspers looks at listing Multichoice, commodities had a disappointing showing David Shapiro, deputy chairman, at Sasfin Wealth and Nompu Siziba talk about the markets ups and downs on Wednesday..

SIU gets green light to probe Life Esidimeni, Umgeni Water

President Cyril Ramaphosa has given the green light for the Special Investigating Unit (SIU) to investigate the affairs of the Gauteng Department of Health's Life Healthcare Esidimeni contract and 28 entities in whose care mental health users were entrusted. The Presidency on Wednesday said the SIU will probe allegations of irregularities in procurement by the Gauteng Department of Health, its employees or by contractors on behalf of the department.  The authorisation also enables the SIU to investigate irregularities by officials or employees of Life Healthcare Esidimeni.

Platinum price fall worsening plight of job-intensive mines

JOHANNESBURG (miningweekly.com) - The latest fall of the platinum price is threatening to become the last straw that broke the camel's back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest price decimation, platinum company CEOs were expressing concern about the lossmaking position of western limb PGMs mines, which account for 55% of South Africa's platinum production and provide 136 000 direct mining jobs.

Australia shares gain for third session; metal firms shine

* South32 climbs on rise in coking coal output * Whitehaven leads gains in energy stocks * NZ benchmark ends at more than 3-month high (Updates to close) Jan 17 (Reuters) - Australia's share index closed at its highest in more than two months on Thursday, helped by stronger materials and energy stocks, though investors held off on making big bets ahead of a slew of production reports by major resource companies. The S&P/ASX 200 index rose 14.9 points, or 0.

Ramaphosa gives Life Esidimeni investigation the green light

President Cyril Ramaphosa on Thursday signed proclamations to allow investigations into the contract that led to the Life Esidimeni tragedy and 28 other entities offering mental healthcare. The Special Investigating Unit (SIU) will conduct the investigations. "With regard to Life Healthcare Esidimeni, the SIU will probe allegations of irregularities in procurement by the Gauteng department of health, its employees or by contractors on behalf of the department," Ramaphosa's spokesperson Khusela Diko said.

SA property sector, what happened and where to from here?

It's no secret that 2018 was a difficult year for investors with most asset classes declining in value both locally and abroad. However, one asset class does stand out amongst the rest - SA's listed property sector. The listed property market experienced substantial volatility and share price decline during 2018, caused by company specific issues combined with local economic concerns.

Suspects sought for armed robbery

Media Statement from Mpumalanga Media Centre Corporate Communication and Liaison South African Police Service NELSPRUIT - Members of the South African Police Service at Kanyamazane are looking for about five balaclava-clad men who robbed a British American Tobacco (BAT) delivery bakkie. The incident occurred yesterday at about 10:30, when a 33-year-old man, the driver of the vehicle, was allegedly robbed while delivering cigarettes at a certain shop in the area. It is reported that the driver was approached by an unknown man who held him up at gunpoint, demanding the boxes of cigarettes.

S.Africa's Mr Price posts slow Q3 sales growth on lower clothes, Black Friday sales

JOHANNESBURG, Jan 17 (Reuters) - South African retailer Mr Price Group Ltd reported a much slower sales growth for the third quarter, as financially constrained consumers spent less on clothes during the crucial months of November and December. An increase in value-added tax, a rise in unemployment and inflation levels, coupled with higher fuel prices and an interest rate increase in November have reduced spending power in South Africa, Mr Price's largest market. This also resulted in lower Black Friday sales in November, while in December school holidays commenced a week later than the corresponding period, the group said in a statement.

Sygnia's corporate governance inflames shareholders

CAPE TOWN - Adherence to the companies' Act, JSE regulations and King rules on corporate governance at Sygnia Asset Management have left minority shareholders hot under the collar, with some of them expressing their resentment at the way the company seems to value shareholder input. The concept of "non-binding advisory votes by shareholders", the directors were unable to explain why they pass a resolution disregarding the legal role of shareholders to approve the remuneration policy of the company. This was revealed by some shareholders after the asset manager's annual general meeting (AGM) at its head offices in Cape Town on Wednesday where, notably, journalists from Business Report (BR) were barred from attending.

SIU to probe Life Esidimeni tragedy

Spokesperson to the Presidency, Khusela Diko, says the SIU is going to investigate allegations regarding unlawful conduct in respect to the affairs of the two state entities. "With regard to Life Healthcare Esidimeni, the SIU will probe allegations of irregularities in procurement by the Gauteng Department of Health, its employees or by contractors on behalf of the Department," says Diko. Over 143 mental patients lost their lives when the department released them into the care of non-governmental organisations in 2015.

South Africa's Woolworths posts tepid 26-week sales

JOHANNESBURG, Jan 17 (Reuters) - Woolworths Holdings Ltd reported a slower sales growth for the 26 weeks ended Dec. 23, 2018, compared with the previous year, the South African department store operator said on Thursday. Group sales rose 1.

Jim Yong Kim's mixed messages to the World Bank, and the world

However, not only did Kim subsequently make an ideological U-turn, as we see below, but more importantly, among the casualties of the 9/11 attacks were many such movement-building efforts aimed at a common international enemy. The global justice scene faded quickly as a result of new divisions between social activists and US labour patriots, the shift by internationalists into anti-war mobilising, and the ascendance of non-governmental organisation (NGO)-led World Social Forum talk-shopping. Other more hopeful recent leftist waves also ebbed: Latin America's Pink Tide and 2011's Occupy moment in many sites across the world.

Japan Tobacco ratchets up smokeless war with new products

* Japan Tobacco to sell new HNB products from Jan. 29 * Japan is biggest HNB market, Philip Morris' IQOS most popular * HNB to be 30 pct of domestic market by end-2020 -Japan Tobacco By Taiga Uranaka TOKYO, Jan 17 (Reuters) - Japan Tobacco Inc on Thursday unveiled two "heat-not-burn" products, as it races against market leader Philip Morris International Inc for a larger share of the vaping space with conventional cigarettes steadily falling out of favour. Despite commanding 60 percent of the local cigarette market, Japan Tobacco has been caught on the wrong side of the rising popularity of heat-not-burn (HNB) alternatives and has lagged in the category in its own backyard versus the Marlboro maker.

All eyes on Reserve Bank interest rate decision

SA's central bank is expected to hold its repo rate at 6.75% in 2019 after raising interest rates in November 2018 Reserve Bank governor Lesetja Kganyago is expected to announce no change to the central bank's 6.75% repo rate at 3pm on Thursday.

Amcu to shut down Rustenburg platinum mines next week

Mining operations will be shut down at Sibanye Stillwater platinum operations in Rustenburg, North West, next week, the Association of Mineworkers and Construction Union (Amcu) said on Wednesday. Amcu president Joseph Mathunjwa told mineworkers at a mass meeting in Rustenburg that on January 22 they would not go underground, instead they would be in buses headed to the mineral council in Johannesburg. Amcu has called a secondary strike in the platinum mines owned by Sibanye in an attempt to push the company to accede to the union's R1000 salary hike demand in the gold sector.

Japan Tobacco ratchets up smokeless war with new products

* Japan Tobacco to sell new HNB products from Jan. 29 * Japan is biggest HNB market, Philip Morris' IQOS most popular * HNB to be 30 pct of domestic market by end-2020 -Japan Tobacco By Taiga Uranaka TOKYO, Jan 17 (Reuters) - Japan Tobacco Inc on Thursday unveiled two "heat-not-burn" products, as it races against market leader Philip Morris International Inc for a larger share of the vaping space with conventional cigarettes steadily falling out of favour. Despite commanding 60 percent of the local cigarette market, Japan Tobacco has been caught on the wrong side of the rising popularity of heat-not-burn (HNB) alternatives and has lagged in the category in its own backyard versus the Marlboro maker.

How to get the SA economy's engine room working again

The South African Chamber of Commerce and Industry recently rated the country's business confidence as "hesitant. Just how much do we have to look forward to and can the business sector be revived? Joining CNBC Africa for more on this is Isaah Mhlanga, Executive Chief Economist at Alexander Forbes Investments & Tanya Cohen, CEO of Business Unity South Africa and Chief Economist at Nedbank, Dennis Dykes..

World markets slump on concern about China's economic outlook

Car makers fell 1.5% after US government official Charles Grassley said he thought Donald Trump would impose tariffs on European cars London - Concern over China's economic outlook and possible US tariffs on European cars dragged stocks lower on Thursday, while an anticlimactic end to the latest chapter in the Brexit saga offered sterling a moment's peace. Fresh news was thin as European trading got under way, but traders had more than enough to digest from last 24 hours to follow Asia's overnight dip into the red.

EMERGING MARKETS-Emerging market stocks dip, S.African rand soft ahead of rate meet

* Russian rouble dips, stocks flat as oil falls * Turkish lira eases after Wednesday gain By Aaron Saldanha Jan 17 (Reuters) - Emerging market stocks slid off a more than six-week peak on Thursday amid cautious risk sentiment among investors, while developing world currencies weakened against a resolute dollar, losing all ground gained over the past two days. Emerging market equities from China and Hong Kong to South Africa dipped, while South Africa's rand softened ahead of a central bank meeting where borrowing costs are unlikely to be tweaked. MSCI's indexes of developing world stocks and emerging market currencies each dipped 0.

5 Stock Funds for Stormy Markets

Despite the January rally, many investors shaken by the turmoil in the last year are searching for funds that post strong long-term performance in both bull and bear markets..

WATCH: Stock pick — Barloworld

Robert Cameron from Thebe Stockbroking talks to TV about Barloworld, his stock pick of the day.

Glencore head of sugar trading Kissen resigns -sources

LONDON, Jan 17 (Reuters) - Stuart Kissen, head of sugar trading at Swiss commodities trader Glencore, has resigned, two sources familiar with the matter told Reuters. Kissen joined Glencore's sugar division more than a decade ago, according to his LinkedIn profile. A Glencore spokesman declined to comment.

Anglo American Platinum congratulates matriculants of its partner technical schools

Anglo American Platinum is pleased to share the outstanding improvement in 2018 matric results at the three technical schools which the Company has been actively supporting in collaboration with other key stakeholders. The three schools, Mogale-Wa-Bagale (near Twickenham mine and the town of Burgersfort), Phaladingoe (near Mogalakwena mine) and Thekganang (near Amandelbult mine) together achieved an average increase in pass rate from 83.3% in 2017 to 93.

Suspects wanted by police after armed robbery of British American Tobacco vehicle

KANYAMAZANE - Local SAPS members are looking for about five balaclava-clad men who robbed a British American Tobacco (BAT) delivery bakkie yesterday. According to provincial police spokesman, Col Mtsholi Bhembe, the incident occurred yesterday at about 10:30, when a 33-year-old man, the driver of the vehicle, was allegedly robbed while delivering cigarettes at a certain shop in the area. "It is reported that the driver was approached by an unknown man who held him up at gunpoint, demanding the boxes of cigarette.

WATCH: Stock pick — Barloworld

Robert Cameron from Thebe Stockbroking chose Barloworld as his stock pick of the day. He said the stock is "a bit of a rand hedge". "This company is involved in heavy machinery and has joint operations with Caterpillar.

Business and RNW partners in new market

Residents in the Roodekrans area and beyond can look forward to an exciting monthly market. The Betel Leaf in conjunction with Roodekrans Neighbourhood Watch will hold the first market at Ridgegate Shopping Centre in Wilde Amandel Avenue on 2 February and henceforth on every first Saturday of the month. Renting a stall will cost R100.

Business group fears disorderly Brexit would hamper German growth

BERLIN, Jan 17 (Reuters) - Europe's largest economy will expand by 1.5 percent in 2019 if there is not a disorderly Brexit but growth will be weaker if there are major disruptions to trade between Britain and the European Union, Germany's BDI industry body said on Thursday. If there are such disruptions, the German economy would grow by around 1.

Intermediate Business Analyst

Role Purpose: The is responsible for supporting the organization in providing business solutions / consultation to our external / internal clients. An Intermediate Business Analyst will build a strong focus and foundation in business analysis. Experience required: 2 - 5 Years' experience in business analysis or related field.

World No 1 ranking is business as usual for Justin Rose

Justin Rose says he won't be bogged down by the World No 1 ranking when he makes 2019 debut at this week's PGA Tour's Desert Classic in California. It's no real surprise that Rose isn't fazed by returning to the top spot as he did earlier this month - it's the fourth time it's happened since September. The World No 1 ranking has regularly changed hands between Rose and closest rival Brooks Koepka in recent months, and the Englishman knows there's every chance of it happening again, with Koepka also in action at this week's Abu Dhabi HSBC Championship on the European Tour.

Ethical Leadership in Industry 4.01h ago | Business

We are experiencing a crisis of ethics and governance in the South African government and private sectors. Over the past year alone, some of the biggest names in politics and the corporate world have been embroiled in scandals that have brought trusted household brands to their knees and the ruling party into disrepute. Trust and confidence in the South African government have been compromised.

Ease of doing business in Nigeria's telecom sector

Analysts say multiple taxation, issues around right of way and vandalism are some of the biggest challenges operators in Nigeria's telecommunications sector are faced with. Off the back of this, Anthony Eke, Acting Divisional Head; Infrastructure and Transport at Diamond Bank joins CNBC Africa to discuss the ease of doing business in Nigeria's telecom sector The post appeared first on CNBC Africa ..

False Bay College on a mission to breed next generation of business pioneers

False Bay College has taken it upon itself to become an incubator for the next generation of entrepreneurs to reduce the unemployment number in the country. Instead of looking for employment, Steve Reid, Manager of the Centre for Entrepreneurship at False Bay College says young people can start their own enterprises. He says the college embarked on a journey of changing the prospects for young people to create more opportunities for them.

False Bay College on a mission to breed next generation of business pioneers

False Bay College has taken it upon itself to become an incubator for the next generation of entrepreneurs to reduce the unemployment number in the country. Instead of looking for employment, Steve Reid, Manager of the Centre for Entrepreneurship at False Bay College says young people can start their own enterprises. He says the college embarked on a journey of changing the prospects for young people to create more opportunities for them.

Heightened risk will characterise 2019: business resilience will be key

Heightened risk will characterise 2019: business resilience will be key JAN 15TH, 2019 One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO, ContinuitySA. "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex. This also means that when risks materialise, they can play out in unexpected ways," he says "So while it remains important to undertake a thorough scoping of the risks each organisation faces, it's even more important to ensure that the organisation is resilient enough to deal with whatever risks do materialise.

Heightened risk will characterise 2019: business resilience will be key

Heightened risk will characterise 2019: business resilience will be key It is important to ensure the organisation is resilient enough to deal with whatever risks do materialise, says Michael Davies, CEO at ContinuitySA. Issued by: Warstreet Marketing [Johannesburg, 16 January 2019] One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO at ContinuitySA. "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex.

ITWeb Business Intelligence & Analytics Summit 2019 announces four tracks

Data helps businesses make better decisions. Business leaders around the globe are waking up to the mammoth impact big data has on the course of their business, as it relates to making informed business decisions. These include predicting customer expectations and behaviour; knowing what products to launch, and when; tailoring customer service experiences to suit the individual; and keeping the business apprised of what its competitors are up to.

Ahead of Davos, Ramaphosa reassures business on Reserve Bank's role

The president and finance minister Tito Mboweni are in agreement that the independence of the central bank is non-negotiable Ahead of his trip to promote SA as an investment destination at the World Economic Forum (WEF), President Cyril Ramaphosa moved to assure business that the ANC had no intention to tamper with the central bank's independence or mandate. "The independence, standing and the role of the Reserve Bank is sacrosanct and will remain independent," he told business leaders on Wednesday. "There should be no debate about that.

How To Get Ready To Sell Your Business - Advice From Marnus Broodryk

If you're thinking about selling your business, there are some critical steps you need to make first. MAKING THE SALE A successful transaction will mostly boil down to having a solid business with great systems in place that is making decent money and the starting point for these transactions will be financial information. Some entrepreneurs are ‘starters', they like to start a business, get it off the ground and then flog it.

Is Business Rescue an option for your business?

Business owners often wait too long to exercise the more desirable option of business rescue, or sometimes the business is unable to trade itself out of trouble. Sponsored Content GEORGE BUSINESS NEWS - Many companies find themselves under financial pressure in today's challenging and complex economic and trading environment. It is imperative that directors of enterprises immediately take appropriate action and decisions when it comes to light that their business is in financial distress.

GLENCORE PLC - GLN: Transactions In Own Shares-16 January 2019

Wrap Text GLN: Transactions In Own Shares-16 January 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 17 January 2019 Transactions in own shares-16 January 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 16 January 2019 Aggregate number of ordinary shares of USD 0.

SOUTH32 LIMITED - Quarterly Report December 2018

Wrap Text Quarterly Report December 2018 South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX, LSE, JSE Share Code: S32 ADR: SOUHY ISIN: AU000000S320 South32.net Quarterly Report December 2018 • FY19 production guidance remains unchanged for all "We achieved a strong quarter of production, operations with the exception of Illawarra Metallurgical Coal maintaining full year guidance for all operations where improved longwall performance has underpinned a with the exception of Illawarra Metallurgical Coal 7% increase to our prior estimate. where improved longwall performance has underpinned a seven per cent increase to our prior • Achieved record ore production at Australia Manganese in estimate.

SOUTH32 LIMITED - South32 leadership team changes

Wrap Text South32 leadership team changes South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32 ADR: SOUHY ISIN: AU000000S320 south32.net 17 January 2019 SOUTH32 LEADERSHIP TEAM CHANGES South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to announce changes to the Group's leadership team. Katie Tovich will succeed Brendan Harris as Chief Financial Officer (CFO) from 1 May 2019.

WOOLWORTHS HOLDINGS LIMITED - Trading update and trading statement: 26 weeks ended 23 December 2018

Wrap Text Trading update and trading statement: 26 weeks ended 23 December 2018 Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL Share ISIN: ZAE000063863 Bond code: WHLI Bond ISIN: ZAG000147133 (‘the Group') TRADING UPDATE AND TRADING STATEMENT: 26 WEEKS ENDED 23 DECEMBER 2018 TRADING UPDATE Group sales for the 26 weeks ended 23 December 2018 increased by 1.9% (+2.7% in constant currency) compared to the 26 weeks ended 24 December 2017.

MR PRICE GROUP LIMITED - Trading update for the third quarter and nine month period ended 29 December 2018

Wrap Text Trading update for the third quarter and nine month period ended 29 December 2018 Mr Price Group Limited Registration number 1933/004418/06 Incorporated in the Republic of South Africa ISIN: ZAE 000200457 JSE share code: MRP ("the Group") TRADING UPDATE FOR THE THIRD QUARTER AND NINE MONTH PERIOD ENDED 29 DECEMBER 2018 Group retail sales and other income (RSOI) for the nine month period ended 29 December 2018 increased 5.8% over the corresponding period in the prior year ("Corresponding Period"). The Group's South African retail sales growth exceeded the combined sales growth of Type D and Type E retailers per Stats SA for April to November (the period for which market information is available) indicating continued market share gains.

South32 delivers solid Q2 results; announces leadership shuffle

PERTH (miningweekly.com) - Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. "We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of Illawara metallurgical oal, where improved longwall performance has underpinned a 7% increase to our prior estimate," South32 CEO Graham Kerr reported on Thursday.

Fin24.com | Markets LIVE: Rand opens at R13.69/$

The rand opened at R13.69/$ on Thursday morning, but emerging market currencies have had mixed performance which has brought resistance on the rand's strengthening part..

Markets LIVE: Rand opens at R13.69/$

The rand opened at R13.69/$ on Thursday morning, but emerging market currencies have had mixed performance which has brought resistance on the rand's strengthening part..

Edcon gets some breathing space

A deal with stakeholders might give Edcon the room it needs to turn itself around — but the retail market remains challenging Edcon is at a turning point yet again. The retailer — which operates the Edgars, Jet and CNA chain stores — has just wrapped up a deal with 250 stakeholders, including its shareholders and landlords, in a bid to keep its doors open. The deal, concluded in December, will allow Edcon to renegotiate its store leases and bring in new shareholders.

The battle of wills: AB Inbev vs the ‘money men'

Speculation over an Asia listing for the brewing giant points to a battle of wills between AB InBev and the ‘money men' It was AB InBev's skills as a banker rather than as a brewer that ensured what was a comparatively small Brazilian beer company in the early 1990s would win the global beer industry's 25-year consolidation battle. It became the undisputed winner of that tussle in 2016 when it acquired SABMiller in an unprecedented $107bn transaction, effortlessly funded by investors who'd been charmed by the Brazilians' proven talent — not in brewing beer but in the much more important area of capital allocation. No doubt it helped that AB InBev's debt-fuelled acquisition trail generated huge fees for many of the same investors.

Trustco's rebound defies dour mood

The market rating of this ‘Namibian success story' seems disconnected from its underlying fundamentals Shares in Namibian investment company Trustco Group Holdings have made an eyebrow-raising bounce of more than 120% over the past three months. In early October Trustco shares had retreated all the way back to 620c after spiking to 1,349c at the end of August. The startling rebound — which values Trustco's insurance, banking, mining and property investments at over R15.

Why do SA's CEO overstay their welcome?

The average UK CEO spends 4.8 years in the role, compared with about eight years for a CEO in SA, where experience and stability are seemingly more valued than innovation and energy SA seems to have its fair share of CEOs who've held fast to the reins at their companies for an extended period — think of Absa's Maria Ramos, who's been in charge since 2009; Brian Joffe, who steered Bidvest for more than 25 years; and Truworths' Michael Mark, CEO since 1991. In fact, research shows that CEOs at SA companies tend to have longer tenures than those in developed countries, with many local firms having drawn-out succession plans, if they have any detail on succession at all.

African Bank corporate accountability saga drags on

The regulator's probe into Deloitte has been almost five years in the making — and it's likely to wrap up only next year Back in 2014, African Bank Investments Limited imploded after its banking arm, African Bank, was placed in curatorship thanks to a mountain of bad debt. Its share price tumbled from R28 to just 31c before it was suspended on the JSE; more than 14,000 of its shareholders lost about R2bn in market value on their shares; and, according to the Myburgh report commissioned by the Reserve Bank, four asset managers that were major shareholders lost more than R9.1bn, while their clients lost about R1.

Aussie shares hit over 2-mth high; NZ at 3-mth peak

* Australian shares set for third straight session of gains * Utilities lose amidst stronger risk appetite * New Zealand scales over 3-mth high By Ambar Warrick Jan 17 (Reuters) - Australia's benchmark share index rose to its highest level in more than two months on Thursday on stronger financials and materials, though investors held off on making big bets ahead of a slew of production reports by major resource companies. The S&P/ASX 200 index rose 18.2 points or 0.

Zimbabwe: still not open for business

Disastrous policies suggest Emmerson Mnangagwa is not up to the job In little more than a year, the man who promised to open Zimbabwe's economy for business, President Emmerson Mnangagwa, has managed to shut it down. At the time of the coup in November 2017, Robert Mugabe warned that Mnangagwa was not up to the job and that the change in government was cosmetic. He has been proved right.

Zapiro: Light Brigade

Stories you haven't read yet... Professor Balthazar: Shamila Batohi bears the weight of bringing accountability back to the land This promises to be an important year for the legal system and in some cases will call for out-of-the-box thinking. Naspers prepares for MultiChoice listing Naspers is unbundling its pay-TV business as it evolves into a global consumer internet company.

Professor Balthazar: Shamila Batohi bears the weight of bringing accountability back to the land

Professor Balthazar: Shamila Batohi bears the weight of bringing accountability back to the land Published Date: 2019-01-17 | Source: DailyMaverick | Author: Professor Balthazar | Comments This promises to be an important year for the legal system and in some cases will call for out-of-the-box thinking. For starters, in 2019 two appointments to the Constitutional Court will have to be made now that interviews for the vacancies have been set down in April by the Judicial Service Commission (JSC). Once the JSC has provided five names, President Cyril Ramaphosa will have his first opportunity to make the two appointments to our highest court.

JSE Superhero No 1 - Clicks

Superpower: Reliability In April 2003 Clicks Group Ltd bottomed at under R5.50 per share. It had become a company that even some deep-value investors no longer wanted to touch.

Ford and IBM among quartet in Congo cobalt blockchain project

Photo: AP INTERNATIONAL - Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from the Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Companies are under pressure from consumers and investors to prove that minerals are sourced without human rights abuses, but tracking raw materials throughout their journey is challenging.

Can you use tracker funds as part of a living annuity portfolio?

Q: A combination of offshore index trackers, active funds and income funds can be a winning long-term strategy in a living annuity. Can one use tracker funds as part of a living annuity portfolio? And is there anything comparable in living portfolio unit trusts matching Absa's five-year 13% fixed deposit return? You can include tracker funds in your living annuity. There are many different options available - it will depend on the investment platform you use.

Harmer helps Warriors threaten Cobras title prospects

A fine effort of seven for 89 by Simon Harmer put the Warriors on course for a shock 4-Day Domestic Series victory over the log-leading World Sports Betting Cape Cobras in Cape Town, Western Cape on Wednesday. The performance of the spinner was followed by the Warriors reaching 109 for three at stumps on day three as the visitors threatened to keep open the title race by hunting down 206 for victory at PPC Newlands. Ashwell Prince's side entered the round eight encounter this week knowing that victory, or even a draw to an extent, would be a big step towards securing the first-class crown, but their near 20-point lead now looks like it will be significantly eaten into by the result.

GLOBAL MARKETS-Asia shares edge up, pound gets moment's peace

* Asian stock markets: tmsnrt.rs/2zpUAr4 * Nikkei futures point to firm start * Solid bank results buoy Wall St * Pound supported as May wins confidence vote * Eyes on China stimulus after PBOC adds liquidity By Wayne Cole SYDNEY, Jan 17 (Reuters) - Asian shares crept higher on Thursday as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment's peace. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.

Business Beer company in South Africa promotes ‘cannabis' beer following the recent legalization of marijuana

South African brewing company, Poison City Brewing is pushing its latest Durban Poison cannabis beer into the market. The Durban Poison cannabis beer is the first cannabis-based beer produced in the country since a court decision to legalize the growing of marijuana in South Africa for private consumption. The beer brand is named after a popular marijuana strain with the same name that is easily identifiable through smell and a short flowering period.

Naspers prepares for MultiChoice listing

Naspers prepares for MultiChoice listing Published Date: 2019-01-17 | Source: Stephen Gunnion | Author: Stephen Gunnion | Comments Naspers is unbundling its pay-TV business as it evolves into a global consumer internet company. Naspers says Multichoice is making progress with its plans to list on the JSE. The unbundling and listing of the pay-TV and entertainment business is expected to take place in the first half of the year.

Herman Mashaba to talk on City of Jo'burg job creation initiative at 2019 Business Day TV SME Summit

Photo: A panel discussion from the 2018 Business Day TV SME Summit. Mayor of the City of Johannesburg, Gauteng , and one of South Africa's most successful entrepreneurs, Herman Mashaba, will be one of the presenters at the 2019 Business Day TV SME Summit which will be taking place at The Empire Venue in Parktown on 7 March 2019. Now in its third year, the Business Day TV SME Summit provides an opportunity for small business owners, entrepreneurs, incubators, franchisors, investors, as well as suppliers to the SME sector to come together and engage with experts in the business, technology, marketing and investment fields.

UPDATE 1-South32's Q2 coking coal output nearly doubles; Sees stronger 2019

(Adds guidance, context and CFO change) Jan 17 (Reuters) - Australian mining group South32 Ltd on Thursday logged a near 100 percent spike in its second-quarter metallurgical coal output and raised its production guidance for a major mine in 2019. Production of coking or metallurgical coal, which is a key steel-making ingredient, rose to about 1.6 million tonnes in the December quarter from 788,000 tonnes a year earlier.

Australia's South32 Q2 metallurgical coal production nearly doubles

Jan 17 (Reuters) - Mining group South32 Ltd on Thursday said its second-quarter metallurgical coal output nearly doubled from the same period a year ago, boosted by strong production at its Illawarra project. Production of coking or metallurgical coal, which is a key steel-making ingredient, rose to about 1.6 million tonnes in the December quarter from 788,000 tonnes a year earlier.

AB InBev's big Super Bowl buy just got bigger

Ticket to ride Cargo, the miniature convenience store found inside Uber vehicles that sells candy bars and breath mints to passengers, is now entering a new arena: digital sales. The company said Wednesday that it's partnered with SeatGeek to offer Uber riders deals on digital tickets to concerts and sporting events; the move marks Cargo's first expansion beyond the sales of physical goods. Passengers will have to use their mobile phones and enter a unique code found inside the Uber vehicle to save money on tickets, the company said.

Markets react to the Brexit vote

What authority will Theresa May be able to carry if she survives another no confidence vote? Lukman Otunuga, research analyst at FXTM discusses the aftermath of the Brexit vote held today, in which British MPs rejected the proposed deal. Despite expectations being that the British pound would tank if the deal was not approved, it traded higher..

NASPERS LIMITED - Unbundling of Multichoice Group Limited Shares to Naspers Shareholders and Listing of Multichoice Group Li

Wrap Text Unbundling of Multichoice Group Limited Shares to Naspers Shareholders and Listing of Multichoice Group Limited Naspers Limited (Incorporated in the Republic of South Africa) (Registration number: 1925/001431/06) Share code: NPN ISIN: ZAE000015889 LSE ADS code: NPSN ISIN: US 6315121003 ("Naspers" or the "Company") UNBUNDLING OF MULTICHOICE GROUP LIMITED SHARES TO NASPERS SHAREHOLDERS AND LISTING OF MULTICHOICE GROUP LIMITED ON THE JSE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT OR WOULD REQUIRE FURTHER ACTION FOR SUCH PURPOSE Further to the announcement issued by Naspers on the JSE's Stock Exchange News Service ("SENS") on 17 September 2018, when Naspers announced its intention to list its Video Entertainment business by separately listing the shares of a new company MultiChoice Group Limited ("MultiChoice") on the Johannesburg Stock Exchange ("JSE") and simultaneously unbundle the shares in MultiChoice to its shareholders, Naspers wishes to update its shareholders on the progress of this proposed listing and unbundling. Naspers confirms that MultiChoice is finalising its pre-listing statement for purposes of submission to the JSE (as required in terms of the JSE listing requirements) for formal approval, together with an application for approval of the listing of the MultiChoice shares on the JSE as a primary listing. Naspers will keep shareholders apprised of further developments.

REDEFINE PROPERTIES LIMITED - Interest Rate Reset RDFC45

Wrap Text Interest Rate Reset - RDFC45 REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration no: 1999/018591/06) Company code: BIRDF ISIN: ZAG000154766 (Approved as a REIT by the JSE) INTEREST RATE RESET - RDFC45 Notice is hereby given that the 3 month JIBAR rate as at 16 January 2019 is 7.15% p.a.

Oppenheimers Inducted Into SA Hall Of Fame

The first four horseracing superstars to be inducted into the SA Hall Of Fame were announced in Cape Town at Wednesday's barrier draw for the Sun Met Celebrated with G.H. Mumm after a selection process - including a public vote - involving lists of nominees in each racing sector.

Fiserv to buy First Data for $22 bln to boost payments business

(Adds background on the company, Breakingviews link, updates shares) By Siddharth Cavale and David French Jan 16 (Reuters) - U.S. financial technology provider Fiserv Inc said on Wednesday it had agreed to buy payment processor First Data Corp in a $22 billion all-stock deal, the biggest ever acquisition in the booming market for digital payments.

Business Helios Towers South Africa could address the country's growing demand for data services

With expectations that South Africa will lead in the roll-out of 5G in sub-Saharan Africa, Helios Towers has entered into a partnership with Vulatel to create an infrastructure platform, Helios Towers South Africa (HTSA). This would provide wireless and fixed-line open-access infrastructure in the country to subsequently be leased to other companies. Helios has long considered entering into the South African market, having established a foothold in other African countries like Tanzania, Ghana, Democratic Republic of Congo and Congo Brazzaville.

Leaked Alexander Forbes letter confirms Tony Powis's resignation

Alexander Forbes chief executive and director of the company Dawie de Villiers. Photo: Bhekikhaya Mabaso/African News Agency (ANA) JOHANNESBURG - Alexander Forbes has moved to calm fears of an implosion in the wake of the departure of seven of its executive members in a space of under five months.  In a leaked letter to staff, confirming the resignation of Tony Powis, chief executive Dawie De Villiers said the company wanted to strengthen its competitiveness.

Ratings & Reviews: BETADINE™ Daily Intimate Care Range

It is important to maintain a healthy pH level in your intimate area because an unbalanced pH level causes an unpleasant odour and/or causes irritation of the vulva. Regular soaps and shower gels can disturb the pH level of your intimate area because they are not designed for it. Soap and liquid body wash commonly contain harsh chemicals and ingredients like parabens, phthalates and colourants that actually irritate the intimate area and alter the pH level.

Cloud-based solution enhances compliance and risk management

By Siobhan Whitehead, Director and Co-Founder of Passport 360 A cloud-based platform to enhance performance in procurement and onboarding times, Passport 360 allows for visibility with regard to compliance, time and safety, and risk management, resulting in increased productivity. This results in a safer and more productive workplace. In addition, it allows for greater participation from all stakeholders.

Your retirement fund when you emigrate

It may be a good idea to engage a financial adviser about what you can take with you. NOMPU SIZIBA: There is said to be a steady flow of South African citizens emigrating to other countries for various reasons, a discussion about which can be heard on another day. But what are your rights in terms of funds that you can take offshore when you make the move - particularly one's pension about which there are usually strict rules as to when one can access it.

Harmer helps Warriors threaten Cobras title prospects

Cape Town - A fine effort of seven for 89 by Simon Harmer put the Warriors on course for a shock 4-Day Domestic Series victory over the log-leading Cape Cobras in Cape Town on Wednesday. The performance of the spinner was followed by the Warriors reaching 109 for three at stumps on day three as the visitors threatened to keep open the title race by hunting down 206 for victory at PPC Newlands. Ashwell Prince's side entered the round eight encounter this week knowing that victory, or even a draw to an extent, would be a big step towards securing the first-class crown, but their near 20-point lead now looks like it will be significantly eaten into by the result.

SA poultry industry wants hefty increase in tariffs to protect local industry

SA Poultry Association says cheap imports from Brazil are hurting the local industry and costing jobs The South African poultry industry has defended its application for a hike in import tariffs of frozen chicken portions to 82%, saying the cheap chicken imports mainly from Brazil hurt the competitiveness of local producers. The steep tariffs, for bone-in and boneless portions, will shield the local industry from dumped portions and save thousands of jobs. The poultry industry employed about 50,000 people directly and another 50,000 indirectly, according to Izaak Breitenbach of the SA Poultry Association (Sapa).

Reckitt Benckiser CEO to retire after setbacks mar latter years

* Departure could lead to split of firm- Liberum * Stock underperformed peers over last 3 years * Series of setbacks bruised recent performance * Shares down nearly 5 percent (Changes headline; Adds more context) By Noor Zainab Hussain and Martinne Geller Jan 16 (Reuters) - Reckitt Benckiser Chief Executive Rakesh Kapoor will retire in 2019 after setbacks in recent years, paving the way for a potential change in strategy or break-up of the British consumer goods maker. The company behind Durex condoms and Enfamil infant formula said Kapoor, 60, would leave by the end of 2019 after more than eight years at the helm and more than three decades with the company overall. Reckitt has begun looking for a successor and will consider internal and external candidates.

How to get the SA economy's engine room working again

The South African Chamber of Commerce and Industry recently rated the country's business confidence as "hesitant. Just how much do we have to look forward to and can the business sector be revived? Joining CNBC Africa for more on this is Isaah Mhlanga, Executive Chief Economist at Alexander Forbes Investments & Tanya Cohen, CEO of Business Unity South Africa and Chief Economist at Nedbank, Dennis Dykes.....

JSE mildly firmer as global stocks shrug off Brexit vote

The JSE closed firmer on Wednesday after a relatively flat trading session. Global markets were tentative on Tuesday as the UK parliament was scheduled to vote on Prime Minister Theresa May's Brexit deal. The vote was a resounding no.

[EXPLAINER] The latest cash crunch behind Zimbabwe's protests

There is a severe shortage of dollars, fuel and medicines, while inflation hit 31% in November, the highest in a decade. | HARARE - Protests against fuel price hikes in Zimbabwe have entered their third day, posing a major challenge for President Emmerson Mnangagwa who replaced long-time leader Robert Mugabe and promised to repair the creaking economy. The crisis will not be easy to fix.

Doing more with less through technology

File Photo: IOL JOHANNESBURG - The concept of scale - the average fixed-cost unit decreasing as volume increases - is critical to enable a business to be cost effective and efficient.  Economies of scale may sound like a simple concept but there are many variables to consider to avoid compromising on quality and service while "right sizing" the business to service the volume at hand. "Volume fluctuation coupled with distance and hours worked are some of the key components that we measure to ensure we're able to identify break-even points for marginal costing opportunities," notes Marcus Ellappan, roadfreight director of Bidvest Panalpina Logistics (BPL).

WorldRemit seeking fresh funding ahead of London IPO plan

WorldRemit Ltd, a UK company that specializes in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout. The fast-growing financial technology firm is seeking more cash as it continues to expand, Andrew Stewart, managing director of operations in the Middle East and Africa, said in an interview in Johannesburg on Wednesday. Founded in 2010 by a London student who was struggling to send money home to Somalia, WorldRemit's investors include Accel Partners LP and Technology Crossover Ventures, early backers of Facebook Inc.

Blaze Nzimande announces festive season road fatalities

Further petrol price decrease expected - 1 day ago Make sure you start the year off on a healthy note - 1 day ago UPDATE: #JoburgStorm causes havoc for road users, trees yet to be removed - 1 day ago #RolexGang success: Two suspects arrested in Sandton CBD - 4 hours ago WATCH: Attempted robbery caught on camera - 11 hours ago Suspect arrested for possession of unlicensed firearms and ammunition - 1 day ago Integrated Crime Combatting operation held in Sandton - 1 day ago 304 criminals behind bars during December - January 14, 2019 Transport of dangerous goods without permit prohibited - January 14, 2019 Temporary Pikitup collection schedule for Sandton - January 12, 2019 Helpful details for contacting the City to attend to issues in Sandton central - January 2, 2019 Nico de Jager wishes residents a safe festive season - December 29, 2018 Dr Mpho Phalatse's festive message - December 28, 2018 Grade 1 learners are excited to start their school journey - 4 hours ago MUST WATCH: Sandhurst Prep Grade 1 learners share giggles on first day - 10 hours ago Parents urged to finalise the admissions process for their children - 11 hours ago TOP STORY: Five sets of twins at Brescia House are achievers - January 14, 2019 Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 Africa by Toto to play on eternal loop in Namib desert - 9 hours ago Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - 1 day ago Life Hack: 6 useful hacks from 100 years ago - 1 day ago Kickstart your day with warm lemon water instead of coffee - January 14, 2019 The magnetic North Pole has begun moving erratically, scientists warn - January 13, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shi

How Asian firms in the UK are bracing for a bloody Brexit

Tokyo — The growing alarm after UK Prime Minister Theresa May's Brexit deal suffered a defeat in parliament isn't just unsettling for British politics. Global businesses are on edge as well. Asian companies, whose operations and investments stretch far into Britain and Europe, have a lot at stake as they face higher tariffs and costs.

Listeriosis class action begins

Tiger Brands suffered a massive financial loss after it was discovered that one of its manufacturing plants was the source of the devastating Listeriosis outbreak between 2017 and 2018, which claimed the lives of nearly 200 people. Now, the company looks to lose even more as it stands to face a class action. The class action was launched by Richard Spoor Inc.

Spar franchise owner accuses company of vendetta against him

EWN revealed on Monday that the Spar Guild had instructed that Chris Giannakopoulos shall play no further part in the management and control of Spars within his various companies. | PRETORIA - Embattled Spar owner Chris Giannakopoulos has accused the company's guild of waging a vendetta against him because he's sourced products for his stores at cheaper rates than those offered by the parent company. Eyewitness News revealed on Monday that the Spar Guild had instructed that Giannakopoulos shall play no further part in the management and control of Spars within his various companies.

Platinum price fall worsening plight of job-intensive mines

JOHANNESBURG (miningweekly.com) - The latest fall of the platinum price is threatening to become the last straw that broke the camel's back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest price decimation, platinum company CEOs were expressing concern about the lossmaking position of western limb PGMs mines, which account for 55% of South Africa's platinum production and provide 136 000 direct mining jobs.

Kumba Iron Ore demolishes Dingleton hostel

Kumba Iron Ore proceeded with its plan to relocate the last families from the town of Dingleton in the Northern Cape, demolishing a hostel today. Photo: supplied On Wednesday, Kumba Iron Ore demolished a hostel in the mining town of Dingleton in the Northern Cape where a handful of families have been resisting attempts to move them. A short video tweeted by Richard Spoor, an attorney representing most of the residents, shows a bulldozer partially destroying the hostel.

SIBANYE GOLD LIMITED - Strike update AMCU refuses to co-operate with the verification process

Wrap Text Strike update - AMCU refuses to co-operate with the verification process Sibanye Gold Limited Trading as Sibanye-Stillwater Incorporated in the Republic of South Africa Registration number 2002/031431/06 Share code: SGL ISIN - ZAE000173951 Issuer code: SGL ("Sibanye-Stillwater" or "the Group" or "the Company") Strike update - AMCU refuses to co-operate with the verification process Johannesburg, 16 January 2019. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) advises that following an application for leave to appeal by the Association of Mineworkers and Construction Union (AMCU) of the judgment made by the Labour Court (Court) on 21 December 2018 and confirmed by the Court on 8 January 2019, the union affiliation verification process, facilitated by Commission for Conciliation, Mediation and Arbitration (CCMA), which was due to continue today, has been suspended pending the outcome of the appeal process. Sibanye-Stillwater is confident that the that the verification exercise will confirm that three other unions which signed the wage offer, represent more than 50% of employees in the workplace, therefore supporting the extension of the offer in terms of Section 23(1)(d) of the Labour Relations Act 66 of 1995 and will oppose AMCU's attempts to avoid the verification process.

DEUTSCHE BANK AG LONDON - DBNPAV Redemption Amount and Payment Date

Wrap Text DBNPAV Redemption Amount and Payment Date Deutsche Bank AG London JSE Code: DBNPAV Short Name: DBSTNPAV Long Name: DB STUBNPAV 15JAN2019 Underlying: Naspers Limited (NPN) Listing Date: 26 March 2018 Expiry Date: 15 January 2019 ISIN: DE000DS0KVM4 ("Naspers STUB") Notice: Redemption Amount and Payment Date Holders of Naspers STUB certificates are advised that the official Redemption Amount payable will be ZAR 1374.43 per security, with Payment Date Monday, 21 January 2019. 16 January 2019 Manager or Issuer: Deutsche Bank AG, London For further information contact: Tel: +27 11 775 7079 E-mail: caitlin.

DEUTSCHE BANK AG LONDON - DBNPAT Redemption Amount and Payment Date

Wrap Text DBNPAT Redemption Amount and Payment Date Deutsche Bank AG London JSE Code: DBNPAT Short Name: DBSTNPAT Long Name: DB STUBNPAT 15JAN2019 Underlying: Naspers Limited (NPN) Listing Date: 26 March 2018 Expiry Date: 15 January 2019 ISIN: DE000DS0KVK8 ("Naspers STUB") Notice: Redemption Amount and Payment Date Holders of Naspers STUB certificates are advised that the official Redemption Amount payable will be ZAR 951.81 per security, with Payment Date Monday, 21 January 2019. 16 January 2019 Manager or Issuer: Deutsche Bank AG, London For further information contact: Tel: +27 11 775 7079 E-mail: caitlin.

DEUTSCHE BANK AG LONDON - DBNPAS Redemption Amount and Payment Date

Wrap Text DBNPAS Redemption Amount and Payment Date Deutsche Bank AG London JSE Code: DBNPAS Short Name: DBSTNPAS Long Name: DB STUBNPAS 15JAN2019 Underlying: Naspers Limited (NPN) Listing Date: 9 February 2018 Expiry Date: 15 January 2019 ISIN: DE000DS0KVJ0 ("Naspers STUB") Notice: Redemption Amount and Payment Date Holders of Naspers STUB certificates are advised that the official Redemption Amount payable will be ZAR 1001.35 per security, with Payment Date Monday, 21 January 2019. 16 January 2019 Manager or Issuer: Deutsche Bank AG, London For further information contact: Tel: +27 11 775 7079 E-mail: caitlin.

WorldRemit enters SA market as it eyes possible listing

WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout. The fast-growing financial technology firm is seeking more cash as it continues to expand, Andrew Stewart, MD of operations in the Middle East and Africa, said in an interview in Johannesburg on Wednesday. Founded in 2010 by a London student who was struggling to send money home to Somalia, WorldRemit's investors include Accel Partners and Technology Crossover Ventures, early backers of Facebook.

Steinhoff says creditor challenges debt restructuring

South African retailer Steinhoff said on Thursday a creditor is challenging the company's plans to restructure its convertible debt into new secured loans, reports Engineering News. Steinhoff is in the middle of cleaning up its balance sheet after discovering a multibillion euro hole in its balance sheet more than a year ago. Under the so-called company voluntary arrangement, or CVA, Steinhoff wants to restructure three series of equity-linked bonds due in 2021, 2022 and 2023 into a new secured loans.

WorldRemit enters SA market as it eyes possible listing

WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout. The fast-growing financial technology firm is seeking more cash as it continues to expand, Andrew Stewart, MD of operations in the Middle East and Africa, said in an interview in Johannesburg on Wednesday. Founded in 2010 by a London student who was struggling to send money home to Somalia, WorldRemit's investors include Accel Partners and Technology Crossover Ventures, early backers of Facebook.

Ad Talent Salary Survey 2019

Ad Talent has released its 2019 salary survey for the communications industry. This annual survey is not intended to be prescriptive but is a report on what this specific recruiter has experienced over the course of the last year. This survey was compiled: using figures of actual placements made by Ad Talent using figures from salary information obtained from all candidates interviewed by Ad Talent from January 2018 to December 2018 using figures from salary information obtained from candidates who have submitted their CVs to Ad Talent using cost to company (CTC) figures using the average salaries per sector Interpretation: Salaries vary significantly depending on many factors, including the size of the company, desirability to work for a particular company and status Salaries for media sales roles vary significantly depending on the commission structure/incentives 0-2 years (light) means 0 to 2 years experience in that particular position and NOT 0 to 2 years total working experience The same applies to medium and heavyweight.

Biometrics Selection Guide 2019

| IDEMIA | iPulse Systems | MorphoAccess by IDEMIA | Powell Tronics | SACO a division of Bidvest Protea Coin | Secutel Technologies | Suprema | ViRDI | ZKTeco Select distributor: All | Access and Beyond | ADI Global Distribution | Africlocks | Bidvest Protea Coin | Boomgate Systems | Elvey | EOH | EOH FSS | ERS Biometrics | Gallagher | Gallagher Security | Ideco Biometric Security Solutions | IDS | Impro Technologies | iPulse Systems | MiRO Distribution | neaMetrics | Powell Tronics | Regal Distributors SA | Regal Distributors | Regal Distributors SA | Security Warehouse | Secutel Technologies | Stafix | Various system integrators | Veracitech | Veracitech Engineering Botswana | Veracitech Systems Namibia Biometric Technology: Facial Manufacturer/Brand name: IDEMIA Distributor/Supplier: Access and Beyond Device: Description: By analysing the three-dimensional structure of the subject's face, the reader achieves extremely accurate matching while ensuring high throughput. Companies can enhance the look of their corporate reception areas and secure access points with the terminal's sleek, stylish design. Acquisition is hands-free and contactless, ideal for environments requiring gloves or where there are hygiene concerns.

Waltons responds to 'logistical glitch' with back-to-school stationery sets

Stationery supplier Bidvest Waltons has responded to service complaints from Cape Town parents who did not get their back-to-school orders on time. Some parents complained about failed deliveries, lack of communication and poor customer service. Tessa Dowling, Cynthia Makwenyaa and Andrew Williams were among those affected by the delays.

Waltons responds to 'logistical glitch' with back-to-school stationery sets

Stationery supplier Bidvest Waltons has responded to service complaints from Cape Town parents who did not get their back-to-school orders on time. Some parents complained about failed deliveries, lack of communication and poor customer service. Tessa Dowling, Cynthia Makwenyaa and Andrew Williams were among those affected by the delays.

Swiss watchmakers brace for slowing Chinese demand

Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China. Photo: File INTERNATIONAL - Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday. Investors are on edge over a softening economic backdrop in China, and weak Chinese trade data on Monday sent shares in luxury goods companies that rely heavily on Chinese customers tumbling.

Telkom appoints new chief officer for Business Markets

Cape Town - Telkom has announced that it has appointed Jan Moganwa as chief officer: business markets, effective January 1, 2019.  Telkom told Business Report in an emailed response to questions that the new role, reporting to the chief executive, was responsible for exploring new revenue streams for the group in adjacent markets to information and communications technology such as financial services, education and media. Moganwa has previously held executive positions in companies such as Absa, MSG Africa, Barclays Africa and Standard Bank.

EXPLAINER-The latest cash crunch behind Zimbabwe's protests

HARARE, Jan 16 (Reuters) - Protests against fuel price hikes in Zimbabwe have entered their third day, posing a major challenge for President Emmerson Mnangagwa who replaced long-time leader Robert Mugabe and promised to repair the creaking economy. The crisis will not be easy to fix. There is a severe shortage of dollars, fuel and medicines, while inflation hit 31 percent in November, the highest in a decade.

PICS: Rare bontebok born at Vergelegen wine farm

Sleek bontebok with their offspring in the lush environment of Vergelegen wine estate. Photographer: Eben Olderwagen/Supplied Cape Town -  One of the rarest antelope species in Southern Africa is thriving in the unexpected setting of a Somerset West wine estate. Vergelegen, which hosts 100 000 local and international visitors annually, has welcomed nine newborns to its growing bontebok herd this summer.

Nickel hits 10-week high as spreads point to tighter market

(Updates throughout, moves dateline from BEIJING) By Peter Hobson LONDON, Jan 16 (Reuters) - Nickel touched a 10-week high on Wednesday as falling stockpiles and a sharp tightening of time spreads suggested an undersupplied market. Benchmark nickel on the London Metal Exchange (LME) was down 0.2 percent at $11,650 a tonne at 1146 GMT after reaching $11,770, its highest level since Nov.

Warriors hold the edge over Cobras at halfway stage

Sinethemba Qeshile. Photo: Ryan Wilkisky/BackpagePix Sinethemba Qeshile and Colin Ackermann both hit the 70s as the Warriors held the advantage after the second day of their 4-Day Domestic Series encounter against the log-leading Cape Cobras in Cape Town on Tuesday.   The former struck an unbeaten 71 (80 balls, 10 fours) and the latter made 78 (152 balls, 12 fours) as the visitors were bowled out for 343 in response to the 239 made by the hosts on day one.

Global Bitcoin Platform Luno Welcomes Proposed Crypto Regulations

Luno makes it safe and easy for people to buy, store and learn about digital currencies like Bitcoin. (Photo Credit: Luno) Luno , a South African-based bitcoin platform, is in favour of the country's proposed regulations for crypto assets. The new proposed rules, disclosed in a consultation paper by the South African Reserve Bank (SARB), are aimed at providing an overview of the perceived risks and benefits associated with crypto assets.

Value of global CO2 markets hit record 144 bln euros in 2018 - report

LONDON, Jan 16 (Reuters) - The value of traded global markets for carbon dioxide (CO2) allowances soared 250 percent last year to a record high of 144 billion euros ($164 billion), analysts at Refinitiv said on Wednesday. The overall figure was pushed higher by the soaring cost of carbon permits in Europe's Emissions Trading System, (ETS) which more than trebled last year from 8 euros a tonne to around 25 euros. "In Europe we attribute the price rise mainly to anticipation of the Market Stability Reserve that came into effect in January 2019: it will significantly tighten the supply," the analysts said in an annual global market report.

Telkom appoints new chief officer for Business Markets

Cape Town - Telkom has announced that it has appointed Jan Moganwa as chief officer: business markets, effective January 1, 2019.  Telkom told Business Report in an emailed response to questions that the new role, reporting to the chief executive, was responsible for exploring new revenue streams for the group in adjacent markets to information and communications technology such as financial services, education and media. Moganwa has previously held executive positions in companies such as Absa, MSG Africa, Barclays Africa and Standard Bank.

Business Intelligence Administrator

We currently have a permanent position available for a BI Administrator based in Cape Town. You will be responsible for the health (performance, reliability, availability, security and recoverability) of the entire BI environment. Job Specification - Ensure the efficiency of the BI environment by monitoring the performance, reliability and availability (uptime) of the BI technical environment - Monitor usage patterns and the response times of BI applications and formulate actions and strategies to improve performance - Manage the security of the BI environment by managing user accounts and access privileges and ensure reliable user authentication - Plan and implement server architecture for BI solutions - Install and configure BI application software - Administer BI applications and install required upgrades and patches - Conduct capacity planning and formulate actions and strategies around data growth - Formulate, maintain and implement backup and recovery plans - Formulate, maintain and implement BI disaster recovery strategy - Give input in BI Architecture and Design Forums and review technical design documents in partnership with BI Data Architect(s) and BI Technical Manager(s) - Remain current with trends and developments in BI technologies - Establish effective and collaborative partnerships with relevant IT teams (Infrastructure, Networks and Database Administration) and external software vendors Minimum Requirements FUNCTIONAL COMPETENCIES - Relevant 3 year tertiary or NQF aligned qualification - Up to 6 years' experience in IT, with a minimum of 3 years in a BI administration role - Proven track record of administering BI technical platforms and application of BI best practices - Proven track record of installing and configuring BI application software - Exposure to Cloud Computing Platforms - In depth knowledge of Data Warehousing, Data Management and BI best practices - In depth knowledge of BI Visualisation, Reporting and Analytical tools - In depth knowl

Suspect fatally wounded following business robbery

King William's Town: An intensive search by Maclear SAPS assisted by Mthatha and Elliot K9 Units led to the fatal shooting of a suspect following a business robbery at Maclear. It is alleged that on 15 January 2019, at about 08:00 two suspects, one armed, entered the business premises and took a staff member with them to the Post Office side of the building. The suspects instructed everyone to lay down and managed to get hold of the safe key.

PE Business News: Chippa take a huge gamble on defender Siyabonga Zulu

PE : Chippa take a huge gamble on defender Siyabonga Zulu : Promote your business on BuyPE and MyPR. Chippa take a huge gamble on defender Siyabonga Zulu: Insiders told Business Day that Zulu was expected to arrive in Port Elizabeth on Tuesday to put pen to paper at Chippa. The move is dependent on Zulu working on his fitness as he has not played compet… Source: […] - MyPE News Gamtoos Tourism presents Gamtoos Bash - MyPR.

Mthatha News: South Africa: Suspect Fatally Wounded Following Business Robbery

South Africa: Suspect Fatally Wounded Following Business Robbery : An intensive search by Maclear SAPS assisted by Mthatha and Elliot K9 Units led to the fatal shooting of a suspect following a business robbery at Maclear. It is alleged that on 15 January 2019 … Source: "Mthatha" - BingNews . Ex-Mamelodi Sundowns midfielder Luyolo Nomandela joins Baberwa FC : Nomandela has since become a journeyman after loan spells at Moroka Swallows and Jomo Cosmos while at Sundowns, before briefly joining Cape Town City and later settling for Mthatha Bucks in the First … Source: "Mthatha" - BingNews .

Telkom appoints new chief officer for Business Markets

Cape Town - Telkom has announced that it has appointed Jan Moganwa as chief officer: business markets, effective January 1, 2019.  Telkom told Business Report in an emailed response to questions that the new role, reporting to the chief executive, was responsible for exploring new revenue streams for the group in adjacent markets to information and communications technology such as financial services, education and media. Moganwa has previously held executive positions in companies such as Absa, MSG Africa, Barclays Africa and Standard Bank.

Italian bonds shine on solid debt sale, gilt selloff hurts broader EZ markets

* Italy sells 10 bln euros in its biggest bond deal * Italy bond yields lower outperform peers * Broader bond markets digest Brexit vote fallout (Updates throughout, adds move in UK gilts, comment) By Dhara Ranasinghe LONDON, Jan 16 (Reuters) - Italy's bond yields tumbled on Wednesday after record demand for a new 15-year bond a day earlier, while a selloff in UK gilts after a hefty parliamentary defeat for Prime Minister Theresa May's Brexit plans hurt broader euro zone debt markets. Lawmakers rejected May's Brexit divorce deal late on Tuesday by a crushing margin, pushing Britain's gilt yields up seven basis points to 1.32 percent.

Global markets react to Theresa May's Brexit defeat

Theresa May's Brexit deal was rejected by parliament last night in an Inglorious defeat. The House of Commons results were 432 votes to 202 against May's proposal. Opposition leader Jeremy Corbyn has responded by proposing a vote of no confidence for May which will take place later this evening.

Stocks gain on stimulus hopes; pound fluctuates: markets wrap

Banks and insurers led the advance in the Stoxx Europe 600 Index. Stocks in Europe gained along with US futures as investors assessed prospects for policy makers to arrest a slowdown in global growth. The pound fluctuated and gilts fell before a no-confidence vote in Prime Minister Theresa May's government.

Global markets largely price in Theresa May's Brexit vote defeat

The MSCI world equity index, which tracks shares in 47 countries, was flat, while MSCI's main European index gained 0.3% London — On Wednesday, world equity markets rode out the heavy parliamentary defeat for British Prime Minister Theresa May's Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU. May's government faces a no confidence vote on Wednesday after the shattering rejection left Britain's exit from the EU in disarray.

Popular broadcaster kicks off Give me a Pad drive

Listeriosis class action against Tiger Brands to commence Richard Spoor Inc. Attorneys and LHL Attorneys launched a class action to get Tiger Brands to compensate victims of listeriosis. 5 hours ago.

#RolexGang success: Two suspects arrested in Sandton CBD

WATCH: Attempted robbery caught on camera - 7 hours ago Suspect arrested for possession of unlicensed firearms and ammunition - 1 day ago Integrated Crime Combatting operation held in Sandton - 1 day ago Transport of dangerous goods without permit prohibited - January 14, 2019 Temporary Pikitup collection schedule for Sandton - January 12, 2019 Helpful details for contacting the City to attend to issues in Sandton central - January 2, 2019 Nico de Jager wishes residents a safe festive season - December 29, 2018 Dr Mpho Phalatse's festive message - December 28, 2018 Grade 1 learners are excited to start their school journey - 44 mins ago MUST WATCH: Sandhurst Prep Grade 1 learners share giggles on first day - 6 hours ago Parents urged to finalise the admissions process for their children - 7 hours ago TOP STORY: Five sets of twins at Brescia House are achievers - January 14, 2019 Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 Africa by Toto to play on eternal loop in Namib desert - 5 hours ago Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - 1 day ago Life Hack: 6 useful hacks from 100 years ago - 1 day ago Kickstart your day with warm lemon water instead of coffee - January 14, 2019 The magnetic North Pole has begun moving erratically, scientists warn - January 13, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December 3, 2018 Australian towns among hottest spots on Earth as heatwave sizzles - 6 hours ago ‘Junk' science? For some crabs at least, size does matter - 6 hours ago Romeo and Juliet: the last hopes to save Bolivian aquatic frog - 6 hours ago ‘N

Concrete Canvas Ltd introduces Concrete Canvas and Concrete Canvas Hydro

For Concrete Canvas Ltd, the South African market is growing year-on-year. While Geosynthetics are becoming a more commonly considered alternative for projects in the region, over the last year alone, Concrete Canvas Ltd has seen a vast increase in installations within the region's mining sector. Concrete Canvas Ltd is the sole manufacturer of the award-winning products, Concrete Canvas (CC) and CC Hydro (CCH).

Fin24.com | Alexander Forbes CEO says 2 more executives resign amid exodus

Alexander Forbes CEO of corporate and employee benefits Tony Powis and head of retail financial services Sugendhree Redd will leave by the end of this month, Alexander Forbes' new chief, Dawie de Villiers, said in an interview in Johannesburg on Wednesday..

Grade 1 learners are excited to start their school journey

MUST WATCH: Sandhurst Prep Grade 1 learners share giggles on first day - 6 hours ago Parents urged to finalise the admissions process for their children - 7 hours ago TOP STORY: Five sets of twins at Brescia House are achievers - January 14, 2019 Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 Africa by Toto to play on eternal loop in Namib desert - 5 hours ago Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - 1 day ago Life Hack: 6 useful hacks from 100 years ago - 1 day ago Kickstart your day with warm lemon water instead of coffee - January 14, 2019 The magnetic North Pole has begun moving erratically, scientists warn - January 13, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December 3, 2018 Australian towns among hottest spots on Earth as heatwave sizzles - 6 hours ago ‘Junk' science? For some crabs at least, size does matter - 6 hours ago Romeo and Juliet: the last hopes to save Bolivian aquatic frog - 6 hours ago ‘Naive, reckless' tourists couchsurfing in war-torn Afghanistan - 6 hours ago British PM faces confidence vote after Brexit humiliation - 6 hours ago Search News feed SANDTON - Young children from Sandton Primary and Brescia House excitedly started their first day of Grade 1. 35 mins ago Proud mom Unathi Mbola wishes her daughter Harmony Mackenzie all the best for her first day of school.

Alexander Forbes exodus grows; two more execs resign

(Bloomberg) -  Two more Alexander Forbes Group Holdings Ltd. executives have resigned from the South African insurance-services provider, extending a management exodus following the ousting of former Chief Executive Officer Andrew Darfoor in September. Tony Powis, CEO of corporate and employee benefits, and Sugendhree Reddy, head of retail financial services, will leave by the end of this month, Alexander Forbes' new chief, Dawie de Villiers , said in an interview in Johannesburg on Wednesday.

Video shows manager threatening employee: "Meet me outside, let's go"

A video has caused a stir on social media, which shows a manager and an employee in a verbal altercation. PAY ATTENTION: Click "See first" under the "Following" tab to see Briefly news on your News Feed! A video has been circulating on social media, which showed a Shoprite manager and an employee in a verbal fight at a store in Gauteng. Briefly.

Business News - 15 Jan 2019

Mining production slumps in November, Sibanye-Stillwater has contingency plans in place for Amcu and Distell plans to launch a new premium wine company.

Planning to emigrate? New laws will affect your retirement benefit

Expected changes will offer members who emigrate before they retire more flexibility to withdraw their retirement funds when they leave the country Emigrating is a costly exercise. While the debate on whether the grass is or isn't greener on the other side is endless, the cold, hard reality is that when you leave the country there are rules and tax implications for your retirement fund benefit. Expected changes to the tax laws in March this year will allow retirement savers who have used a preserver to take their savings out of the country on emigration, but fails to address the difficulties faced by retired people using living annuities.

Kommoditeite bly onder druk op plaaslike markte

Brait sien ‘n klein herstel, Aspen teken ‘n goeie styging aan en eiendoms-aandele lig ook kop. Amelia Morgenrood van PSG Wealth gee haar oorsig oor Dinsdag se mark..

Eens gesogte Brait sien verdere terugslae

Die R14-miljard New Look aankoop het die maatskappy duur te staan gekom. Jean-Pierre Verster, portefeuljebestuurder by Fairtree Capital en Amelia Morgenrood, portefeuljebestuurder by PSG Wealth, bespreek hoe die Brait groep deur sy New Look aandeelhouding benadeel is, en of die New Look reddingsplan ‘n blinker toekoms vir die maatskappy kan inhou..

Alexander Forbes CEO Dawie de Villiers says two more executives have quit

A total of seven executives have left the insurer since the departure of former CEO Andrew Darfoor Two more Alexander Forbes executives have resigned from the South African insurance services provider, extending a management exodus following the ousting of former CEO Andrew Darfoor in September. Tony Powis, CEO of corporate and employee benefits, and Sugendhree Reddy, head of retail financial services, will leave by the end of January, Alexander Forbes's new CEO, Dawie de Villiers, said in an interview on Wednesday. The total number of senior departures — including Darfoor — is now seven.

Alexander Forbes CEO says 2 more executives resign amid exodus

Two more Alexander Forbes executives have resigned from the South African insurance-services provider, extending a management exodus following the ousting of former Chief Executive Officer Andrew Darfoor in September. Alexander Forbes CEO of corporate and employee benefits Tony Powis and head of retail financial services Sugendhree Redd will leave by the end of this month, Alexander Forbes's new chief, Dawie de Villiers, said in an interview in Johannesburg on Wednesday. The total number of senior departures - including Darfoor - is now seven.

Defending champion gets new star partner for Cape Epic

Cape Town - Reigning World Marathon champion and defending Absa Cape Epic titleholder, Annika Langvad , has finished on the top step of the Absa Cape Epic podium in all four attempts she has made at the race. While that fact alone is imposing enough her team-mate for the 2019 race, which kicks off in Cape Town on March 17, Anna van der Breggen is near as dominant a force on the road as Langvad is off it. The partnership, made possible by Langvad's joining of Van Der Breggen's Boels-Dolmans Women's WorldTour team, is arguably one of the most exciting across all categories of the 2019 Absa Cape Epic.

Making Kodi add-ons - Watch out for the Netflix and MultiChoices of the world

Open source home theatre software application Kodi has unfortunately become associated with making piracy easy and user-friendly, drawing the attention of copyright holders worldwide. This includes MultiChoice, which used sister company Irdeto to take down Kodi add-ons for Showmax and DStv Now that were developed by New Zealand programmer Matt Huisman. The add-ons allowed Showmax and DStv subscribers to stream content available on the services via Kodi.

Northern Academy dominates at annual Curro gala awards

Northern Academy learners dominated the National Senior Certificate (NSC) Top 10 by taking 8 of the 10 positions. POLOKWANE - Curro Holdings hosted South Africa's biggest JSE-listed independent education provider's annual Matric Gala Award Ceremony where they honoured their 2018 top matric performers and schools from around the country. The memorable ceremony was held at Emperors Palace Convention Centre in Johannesburg on Saturday 12 January.

WATCH: SHOPRITE MANAGER 'CATCH ME OUTSIDE'!

A Shoprite manager has been suspended after he was filmed having a verbal fight with a colleague. In the video, the manager can be heard saying "Why don't you meet me outside, let's go." The man who was involved in the altercation, remains surprisingly calm and asks the manager if he's there to work or fight.

Shareholders find their voice on executive pay, including at MTN

Shareholders at an unprecedented number of JSE Top 40 companies have, in the past year, voted against remuneration policies and/or their implementation. These are non-binding advisory votes tabled at annual general meetings. Under JSE regulations (and King IV), the companies then have to engage dissenting shareholders in a formal manner and thereafter provide feedback to the market (via the stock exchange news service).

Innovative man caught on camera driving self-made car in the streets

- A Nigerian man has found himself being admired on social media after he was captured driving a self-made car in Lagos - According to the talented young man, he also made a drone which flies - He explained to media entrepreneur, Ayo Animashaun, who discovered him that it his passion and he has dedicated of his money and time to it PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly.co.za News on your News Feed! There is no question that a lot of Nigerian young adults are talented and resourceful and most times, just need the perfect opportunity to be great inventors.

New taxi rank site stripped

Scrap metal dealers in on vandalism act THE land on which Centurion's new, state-of-the-art taxi rank - set to cost R50 million on completion but able to accommodate 15 000 commuters and public transport operators daily - has been stripped of its fence by scrap metal dealers and other thieves over the past few months. Construction of the rank is a partnership between Redefine Properties and the City of Tshwane. The world-class facility is to be built on the corner of Hendrik Verwoerd Drive and South Street on land owned by the City.

Miners on the move: The biggest jobs that are up for grabs

JOHANNESBURG — Interestingly, there's a lot of changes expected at the top executive level of some of the world's biggest mining companies in months and years to come. Several top execs are set to move on, opening the gap for other executives to step in and take control. Many mining firms are grooming internal candidates as well as they try to ensure organisational stability.

The Please Call Me fight - A timeline of events

The legal battle between Vodacom and Kenneth Makate over the invention of the Please Call Me has been going for over 10 years. Much has happened in this time, and despite Vodacom recently claiming to have reached a settlement with Makate, his denial of this implies that the battle is far from over. According to Vodacom, the Constitutional Court directed Vodacom Group CEO Shameel Joosub to determine the amount of reasonable compensation that is owed to Makate, due to Vodacom and Makate's negotiation teams failing to reach an agreement.

Shareholders find their voice on executive pay, including at MTN

Shareholders at an unprecedented number of JSE Top 40 companies have, in the past year, voted against remuneration policies and/or their implementation. These are non-binding advisory votes tabled at annual general meetings. Under JSE regulations (and King IV), the companies then have to engage dissenting shareholders in a formal manner and thereafter provide feedback to the market (via the stock exchange news service).

Portraits of 20 leading American business innovators

What does innovation look like in 2019 and beyond? The speakers at the fourth annual Innovation Festival weigh in. At a time when lack of faith in institutions—government, corporations, and, yes, the news media—seems to be at an all-time high, business and thought leaders who took the stage at Fast Company' s annual Innovation Festival championed the importance of taking a stand, embracing creativity and inclusivity, and finding trusted collaborators. "I really only want to work with partners who share the ambition, understand intuitively what we're doing, and want to do the same thing," said Courteney Monroe, CEO of National Geographic Global Networks.

Trends that Will Impact How People Search for Your Business on Google

By: David Jenkins and Chris Avery, founders and partners at digital marketing agency Mickey Llew, unpack trends and analyse how they will transform the industry in the future. Google search marketing saw an upswing in technologies such as chatbots, voice search, image searches and enhanced search engine results (SERP) features in 2018. While these will continue to play a role, the evolution of search in 2019 will be largely driven by three key elements: Google My Business, advertising automation, and SEO algorithm updates.

Business Chamber rejects Eskom's MYPD 4 application

The tariff increases of 15% per year proposed by Eskom in its MYPD 4 application, if approved, would have dire consequences for the local and national economy. Speaking on behalf of the Nelson Mandela Bay Business Chamber at a Nersa public hearing held today to evaluate Eskom's application, Business Chamber board director MC Botha said the ripple effect of such high tariffs could lead to economic decline, a decrease in investment and an increase in unemployment and poverty. The Business Chamber has been actively defending the interest of businesses by lobbying against unreasonable tariff hikes at Nersa's public hearings since 2006, and strongly objected to the latest application.

German business warns of Brexit ‘chaos'

Without a withdrawal agreement the UK will get ‘third-country status' and face tariff barriers to trade Frankfurt am Main — Leading German business organisations warned on Wednesday of a "chaotic" Brexit that would cause massive disruption to trade, after MPs in London overwhelmingly voted to reject an EU withdrawal deal. "A chaotic Brexit is coming dangerously close," Federation of German Industry (BDI) director Joachim Lang said in a statement, warning that more than €175bn of German-British exchanges in goods and services could be affected. "The top priority must be to avoid a hard Brexit," Lang added.

Business Why brands need platform innovation in 2019

2018 saw brands tussle to keep up with rapidly growing consumer appetite and sporadic changes in the behaviour of the consumer. In fact, one of the most distinct challenges posed with brand managers today is the ability to capture and retain consumer attention. Studies have shown that there is more information available today than it was 50 years ago, more information than one man can consume in a lifetime.

How feasible is Nigeria's 2020 doing business reforms target?

Jumoke Oduwole, Secretary of the Presidential Enabling Business Environment Council in Nigeria says the government is targeting a sub-100 ranking in the 2020 World Bank Doing Business Report. So how attainable is this target? Vincent Nwani, Director at the Lagos Chambers of Commerce and Industry joins CNBC Africa to discuss this..

Business News - 15 Jan 2019

Mining production slumps in November, Sibanye-Stillwater has contingency plans in place for Amcu and Distell plans to launch a new premium wine company.

Pearson shares down as core U.S. business revenue stumbles

(Adds analysts' comments and shares) Jan 16 (Reuters) - Pearson Plc said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content.

Appointing a 'data scientist' for your business

As more South African businesses realise the benefits of using big data to produce strategic insights and key decision making, there is a growing need to invest in the appropriate skills. Dr Yudhvir Seetharam, head of Analytics at FNB Business says, "Given the massive amounts of data that businesses produce, coupled with the rare technical skills needed to derive valuable insights from it, the role of Data Scientists who are able to leverage this raw information into a competitive edge has never been more important." He shares a few tips for businesses who are looking to hire data scientists to assist them with their big data efforts: A clear objective Businesses that appoint data scientists prematurely will not only waste money and resources but both the employee and organisation's time.

Cyber risk a core concern for business

In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union, South Africa and other countries, cyber risk is now a core concern for businesses in 2019 and beyond. According to the Allianz Risk Barometer 2019, Cyber incidents (37% of responses) are neck-and-neck with Business interruption (BI) (37% of responses) as the top business risks globally. Climate change (#8 with 13% of responses) and Shortage of skilled workforce (#10 with 9% of responses) are the biggest climbers globally.

Telkom appoints new Chief Officer for Business Markets

Telkom has appointed Jan Moganwa as its new Chief Officer for Business Markets, according to an internal company email sent by CEO Sipho Maseko. The email, seen by MyBroadband, states that the move aims to help it pursue new avenues of income and opportunity for the company. "To this end, I have created a new position, Chief Officer: Business Markets, tasked with driving our opportunity and growth in these adjacent markets where we believe new value streams exist - including financial services, entertainment, education, and media among other sectors," Maseko said.

How to conduct effective business presentations and public speaking

- 10:43 Interpersonal communication skills are the tools used to simplify human interaction and promote understanding. Much of the communication which occurs between people is one-way, without either party truly hearing the other or accurately understanding what was said. In fact, if you think about it, modern culture often teaches us to avoid two-way communication because it is too personal and imposing.

Creating a culture of cybersecurity: Advice for business owners

Cybersecurity will remain a major concern for business owners so long as there are ne'er-do-wells trying to break through digital walls. As companies have become increasingly reliant on digitalisation those walls have spread out within a firm. Whether it be a remote office or simply an employee visiting a dodgy link, cybercriminals have many avenues to take in pursuit of a successful breach.

Optimum, Koornfontein preliminary business rescue plan to be submitted for creditor approval ...

Legal adviser Bouwer van Niekerk expects to have a preliminary business rescue plan for Optimum Coal Mine and Koornfontein Mine submitted for creditor approval by the end of next week, he confirmed to Mining Weekly Online on Wednesday. The mines' business rescue practitioners (BRPs) have been in continuous discussions with all stakeholders and creditors to vote on the proposed business rescue plans for the mines. The most recent meeting, held with power utility Eskom on Friday, resulted in positive outcomes, where Eskom weighed in on suggestions for the plan, said Van Niekerk, adding that the State-owned entity's focus was on discussing a concrete, long-term coal supply agreement.

Alexander Forbes CEO says two more executives resign amid exodus

‘All the resignations were in a short period of time but for different individual reasons.' Two more Alexander Forbes executives have resigned from the South African insurance-services provider, extending a management exodus following the ousting of former Chief Executive Officer Andrew Darfoor in September. Tony Powis, CEO of corporate and employee benefits, and Sugendhree Reddy, head of retail financial services, will leave by the end of this month, Alexander Forbes' new chief, Dawie de Villiers, said in an interview in Johannesburg on Wednesday.

GLENCORE PLC - GLN: Transactions In Own Shares-15 January 2019

Wrap Text GLN: Transactions In Own Shares-15 January 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 16 January 2019 Transactions in own shares-15 January 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 15 January 2019 Aggregate number of ordinary shares of USD 0.

Listeriosis class action against Tiger Brands to commence

Tiger Brands, whose factory in Polokwane was identified as the source of the outbreak of listeriosis in South Africa during 2017 and 2018, which claimed the lives of almost 200 people will soon face a class action. This is after Richard Spoor Inc. Attorneys and LHL Attorneys launched this class action which was granted by the Johannesburg High Court in December 2018.

South32 2019 Bursary

Wed, 01/16/2019 - 10:01 SAEC (South32) offers bursaries for current / potential students who have successfully completed Grade 12 or currently studying full-time WHO CAN APPLY: Students currently studying for a Degree/Diploma in any discipline and in any year of study at a registered tertiary institution (HET - Higher Education Training Institution) or; Students who are currently in Matric and want to study further in 2019 at an HET WHAT SHOULD APPLICANTS SUBMIT: Applicants must submit the following documents to be considered: Valid South African ID Copy of the Matric certificate Brief CV Registration acceptance letter of HET Proof of residence (copy of municipal water & lights, or a letter from a Council member or Chief) SELECTION OF CANDIDATES WILL DEPEND ON:  Marks of Student Student must currently be enrolled at a HET or be in Matric. Student must study towards a Diploma or Degree in a mining related disciplines the HET In making the final selection, consideration will be given to attaining the objectives of the Mining Charter and Employment Equity Act Pages Opportunity Closing Date:  Friday, February 8, 2019 Opportunity is closing in 22 days Company Offering the Opportunity:  Article Category:  Opportunity available in.

Telkom appoints new Chief Officer for Business Markets

Telkom has appointed Jan Moganwa as its new Chief Officer for Business Markets, according to an internal company email sent by CEO Sipho Maseko. The email, seen by MyBroadband, states that the move aims to help it pursue new avenues of income and opportunity for the company. "To this end, I have created a new position, Chief Officer: Business Markets, tasked with driving our opportunity and growth in these adjacent markets where we believe new value streams exist - including financial services, entertainment, education, and media among other sectors," Maseko said.

SA Market declined but fared relatively better than its Emerging Markets peers

African Region Outlooks: South Africa: The outlook is less positive than 3-6 months ago, weighed by a slow recovery and weaker global backdrop and sentiment. Domestically, though, the country should be past the lowest point . Nigeria: The market is improving from a macro perspective with higher oil production, higher oil price, steady inflation and foreign exchange liquidity.

EMERGING MARKETS-Currencies gain as Turkish lira firms before rate decision

* Turkish central bank expected to keep rates unchanged * Russia's rouble gains 0.5 percent, oil rises * MSCI's EM stocks index hits six-week peak * S.African rand firmer ahead of local retail sales data By Aaron Saldanha Jan 16 (Reuters) - Most emerging market currencies firmed against the dollar on Wednesday, with Turkey's lira strengthening ahead of a central bank rate decision, while stocks in the developing world notched a six-week peak.

Anglo American begins quest to unearth next CEO

15TH JANUARY 2019 BY: REUTERS SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ LONDON - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12% last year, outperforming London-listed peers including Glencore and Rio Tinto. ADVERTISEMENT Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Anglo American begins quest to unearth next CEO

15TH JANUARY 2019 BY: REUTERS SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ LONDON - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12% last year, outperforming London-listed peers including Glencore and Rio Tinto. ADVERTISEMENT Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Anglo American begins quest to unearth next CEO

15TH JANUARY 2019 BY: REUTERS SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ LONDON - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12% last year, outperforming London-listed peers including Glencore and Rio Tinto. ADVERTISEMENT Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Listeriosis class action against Tiger Brands to commence

Tiger Brands, whose factory in Polokwane was identified as the source of the outbreak of listeriosis in South Africa during 2017 and 2018, which claimed the lives of almost 200 people will soon face a class action. This is after Richard Spoor Inc. Attorneys and LHL Attorneys launched this class action which was granted by the Johannesburg High Court in December 2018.

Salary Survey 2019: Who earns what in adland & marketing in South Africa

by MarkLives ( @marklives ) Recruitment agency, Ad Talent , has released its 2019 salary survey for the communications industry. This annual survey is not intended to be prescriptive but is a report on what this specific recruiter has experienced over the course of the last year. It was compiled using: figures of actual placements made by Ad Talent figures from salary information obtained from all candidates interviewed by Ad Talent from January 2018 to December 2018 figures from salary information obtained from candidates who have submitted their CVs to Ad Talent cost to company (CTC) figures, and the average salaries per sector.

Mining's biggest jobs are up for grabs. Here are the contenders

There's a changing of the guard in the mining world, with some outgoing chiefs even dictating the age of their successors Some of the mining world's top executives are starting to plan their departures, driving speculation about who will lead their companies into the next decade. The changing of the guard raises the prospect of a strategic shift, as the industry searches for ways to enthuse investors after a belt-tightening era characterised by asset sales and cost control. Here, based on conversations with executives, investors and industry decision makers, are some of the key names to watch.

Minister tells Vodacom: 'Shut up!' But then shuts up herself.

JOHANNESBURG — When Cyril Ramaphosa announced that little-known  Stella Ndabeni-Abrahams would become telecoms minister, there was largely a muted reply in media to her new promotion. That was understandable as little was known about her, despite the fact that she has served as deputy minister of telecommunications previously. But as she's occupied her new post, SA is starting to get to know her a lot more.

Wanted Online: Eight stand-out timepieces from SIHH 2019

Fresh designs, material innovations, complications and technical revolutions from the most high-end luxury watch brands. Gary Cotterell highlights eight of the best The 29th edition of SIHH (Salon International de la Haute Horlogerie) opened in Geneva on Monday. As the first gathering of professionals in the watchmaking industry for 2019, it sets the tone and trends for the year ahead.

Rare antelope species are thriving in an unexpected setting

One of the rarest antelope species in Southern Africa is thriving in the unexpected setting of a Somerset West wine estate. Vergelegen, which hosts 100 000 local and international visitors annually, has welcomed nine newborns to its growing bontebok herd this summer. There are currently 50 bontebok on the 319-year-old estate, which was acquired by Anglo American plc in 1987.

Distell launches new premium wine company

Distell, Africa's leading wines and spirits producer and marketer, is capitalising on its roots in premium and fine wine and is launching Libertas Vineyards and Estates as a new stand-alone company with ownership of all the premium wine brands.  Libertas Vineyards and Estates' Managing Director, Kay Nash, said the move was a "significant shift" from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio. "We have started the premiumisation journey at all levels in the business from fine wine skills to brands and brand experiences, portfolio structures, ways of working and new collaborations, and global routes to market.

JSE edges higher as traders consider failed Brexit divorce terms

Focus remains on Brexit as Theresa May faces down a no-confidence motion, with local gold miners remaining under pressure The JSE edged higher on Wednesday morning, although gains were marginal, as investors continued to grapple with the fall-out from UK Prime Minister Theresa May's historic Brexit defeat. British MPs have overwhelmingly rejected May's draft deal, giving her until Monday to come up with an alternative. May also faces a no-confidence vote after local markets close on Wednesday, but she is expected to survive this.

Plan your 2019 bucket list with Forestry South Africa's new online recreational map

Lone Creek Falls - Mpumalanga Photo: SAFCOL JOHANNESBURG, January 15, 2019 - Forestry South Africa (FSA) has launched the Forestry Explained recreational map , ideal for when the travel bug bites, when you need family-friendly accommodation or a quiet weekend away from the city life. The new interactive map details the myriad of activities and attractions that are found on forestry-owned land around the country. Treasures within the trees Around 30% of forestry-owned land is unplanted and a large proportion is set aside for dedicated conservation.

The stocks to watch after UK government's crushing Brexit loss

Key sectors to watch for reaction following vote. The UK government suffered a humiliating defeat on Tuesday night as its Brexit deal was comprehensively voted down in parliament, increasing the uncertainty about what comes next in the process. Prime Minister Theresa May lost the vote on her deal by 432 to 202, the worst defeat for a sitting government since 1924.

WATCH: Rand recovers after poor US data releases

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - The rand traded little changed versus the US dollar during yesterday's European trading session according to NKC Research.  The South African currency dipped weaker initially following the release of disappointing mining production data for November. However, the rand managed to find some support late in the day on the back of poor US data releases, which affected the greenback negatively.

7 things you need to know today

Photo: File. CAPE TOWN - Good morning. This is all the latest business news that you need to know today.

7 things you need to know today

CAPE TOWN - Good morning. This is all the latest business news that you need to know today. 1.

How blockchain will make sure the cobalt in Ford batteries is abuse-free

The carmaker, IBM and other companies have joined forces in the first blockchain project to monitor cobalt supplies from the Democratic Republic of Congo London — Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from the Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Companies are under pressure from consumers and investors to prove that minerals are sourced without human rights abuses, but tracking raw materials throughout their journey is challenging.

Ford, IBM among quartet in Congo cobalt blockchain project

Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Companies are under pressure from consumers and investors to prove that minerals are sourced without human rights abuses, but tracking raw materials throughout their journey is challenging.

Parents urged to finalise the admissions process for their children

TOP STORY: Five sets of twins at Brescia House are achievers - January 14, 2019 Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 School is out for Bryneven Primary School Grade 1s - January 9, 2019 Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - 20 hours ago Life Hack: 6 useful hacks from 100 years ago - 1 day ago Kickstart your day with warm lemon water instead of coffee - January 14, 2019 The magnetic North Pole has begun moving erratically, scientists warn - January 13, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December 3, 2018 Australian towns among hottest spots on Earth as heatwave sizzles - 21 mins ago ‘Junk' science? For some crabs at least, size does matter - 22 mins ago Romeo and Juliet: the last hopes to save Bolivian aquatic frog - 23 mins ago ‘Naive, reckless' tourists couchsurfing in war-torn Afghanistan - 24 mins ago British PM faces confidence vote after Brexit humiliation - 25 mins ago Search News feed JOBURG - Parents who have not completed their child's admissions process are urged to do so by 18 January. 2 hours ago Gauteng Education MEC Panyaza Lesufi.

Telecoms developments in Africa - January 2019

Increasing public access to WiFi Liquid Telecom SA has partnered with the Western Cape Government (WCG) to increase the number of free public WiFi hotspots across the region from 178 to 1600. This will mean that 6,6-million residents will soon have greater access to public WiFi located at government buildings across the Western Cape. This project forms part of a R3-billion plan to provide broadband connectivity to WCG offices, libraries, schools and clinics, and helps to position the Western Cape region as a leading global digital hub.

Tragic data shows capital fleeing along with jobs

South Africa attracts far less fixed investment as a percentage of GDP than any other emerging market. According to data from the UN Conference on Trade and Development (Unctad) for 2017, South Africa was the third biggest exporter of capital as a percentage of GDP in the world. Foreign direct investment (FDI) is an investment made by a firm or individual located in one country into business interests in another.

Entering a brave new world for software developers

Software developers are in the enviable position of having the power to shape the future. This is according to software expert Cliff de Wit, who says it's an exciting time to be in the industry, but also a time for reflection on the ethics and responsibilities of software development. De Wit is the former chief innovation officer at Microsoft, and now chief technology officer and co-founder of Dexterity Digital, a new digital business within the Metrofile group.

Cloud solution enhances compliance and risk management

A cloud-based platform to enhance performance in procurement and onboarding times, Passport 360 allows for improved visibility with regard to compliance, time and safety, and risk management, resulting in increased productivity. This results in a safer and more productive workplace. In addition, simplified and accessible systems allow for greater participation from all stakeholders.

Gold melts on the JSE with no respite in sight

A plunge in gold output in November saw the gold index bleed 2.5?percent on the JSE on Tuesday as no respite for the sector seems in sight. Photo: Reuters JOHANNESBURG - A plunge in gold output in November saw the gold index bleed 2.

Ford and IBM among quartet in Congo cobalt blockchain project

* Pilot project tracks cobalt to Ford batteries * Could also be used to monitor other minerals * Project could be expanded to include artisanal miners By Barbara Lewis LONDON, Jan 16 (Reuters) - Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Companies are under pressure from consumers and investors to prove that minerals are sourced without human rights abuses, but tracking raw materials throughout their journey is challenging.

Ford and IBM among quartet in Congo cobalt blockchain project

* Pilot project tracks cobalt to Ford batteries * Could also be used to monitor other minerals * Project could be expanded to include artisanal miners By Barbara Lewis LONDON, Jan 16 (Reuters) - Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Companies are under pressure from consumers and investors to prove that minerals are sourced without human rights abuses, but tracking raw materials throughout their journey is challenging.

Herman Mashaba to speak at 2019 Business Day TV SME Summit

Now in its third year, the Business Day TV SME Summit aims to provide an opportunity for small business owners, entrepreneurs, incubators, franchisors, investors, as well as suppliers to the SME sector to come together and engage with experts in the business, technology, marketing and investment fields. According to the summit, having founded Black Like Me more than 30 years ago during the apartheid era, and on the back of a R30,000 loan from a friend, Mashaba's experience in establishing an entrepreneurial enterprise holds great value for small and medium-sized business owners in South Africa. Mashaba will aim to highlight the City of Johannesburg's innovative drive to stimulate inner-city opportunities and job creation.

Suspect fatally wounded following business robbery

Media Statement from Eastern Cape Media Centre Corporate Communication and Liaison South African Police Service KING WILLIAM'S TOWN: An intensive search by Maclear SAPS assisted by Mthatha and Elliot K9 Units led to the fatal shooting of a suspect following a business robbery at Maclear. It is alleged that on 15 January 2019, at about 08:00 two suspects, one armed, entered the business premises and took a staff member with them to the Post Office side of the building. The suspects instructed everyone to lay down and managed to get hold of the safe key.

Heightened risk will characterise 2019: business resilience will be key

One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO at ContinuitySA. "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex. This also means that when risks materialise, they can play out in unexpected ways," he says.

Tech trends and predictions your small business needs to know in 2019

Digital transformation is well and truly underway, both in business and across our daily lives. As technology continues to change the way we work and live, it's worth looking at the year ahead to see what technology is likely to have the biggest impact in the upcoming months. Let's unpack the top technology trends that your small business needs to know about in 2019.

GLOBAL MARKETS-World stocks ride out May's Brexit defeat, pound steadies

* European bourses rise, British stocks slip * Investors see Brexit delay growing more likely * Sterling firms against the dollar * MSCI's Asia-Pacific ex-Japan index little changed By Tom Wilson LONDON, Jan 16 (Reuters) - World equity markets on Wednesday rode out the heavy parliamentary defeat for British Prime Minister Theresa May's Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU. May's government faces a no confidence vote on Wednesday after the shattering rejection left Britain's exit from the European Union in disarray. May is expected to survive the vote but investors see little sign of breakthrough on the Brexit impasse.

9 South African universities ranked among the best in emerging markets

The Times Higher Education (THE) rankings for the top universities in emerging markets has been publishes, with 9 South African institutions listed among the ranks - including a new entry. The THE Emerging Economies University Rankings for 2019  use the same 13 performance indicators as the THE World University Rankings to judge institutions on their teaching, research, knowledge transfer and international outlook. However, they are re-calibrated to reflect the development priorities of universities in emerging economies.

Heightened risk will characterise 2019: business resilience will be key

One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO, ContinuitySA. "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex. This also means that when risks materialise, they can play out in unexpected ways," he says "So while it remains important to undertake a thorough scoping of the risks each organisation faces, it's even more important to ensure that the organisation is resilient enough to deal with whatever risks do materialise.

Embroidery has business sewn up

It all started small, with doing embroidery and branding of the uniforms of the various church unions at the Methodist Church branch in Tlhabane West, Rustenburg, in the North West. Fast-forward seven years and Nthabiseng Mosesane has grown her start-up Areye Projects and Services to become one of the leading school sportswear and uniform suppliers in the Rustenburg area. "I was spurred on by unemployment and joblessness.

#BizTrends2019: 5 Tips to get your business ready for AI in 2019

2018 was the year that we realised that Artificial Intelligence (AI) was no longer to be shelved in the corner of the video store like 2001's Space Odyssey . Many businesses spent the year taking sample data from marketing campaigns, customer insights and production lines, assigning a team of very clever data scientists to explore how things could be done better. We had varying degrees of success, but one thing is for sure: South African business is ready to take the next step towards AI and Machine Learning (ML) in 2019.

Listeriosis class action against Tiger Brands to commence

Tiger Brands, whose factory in Polokwane was identified as the source of the outbreak of listeriosis in South Africa during 2017 and 2018, which claimed the lives of almost 200 people will soon face a class action. This is after Richard Spoor Inc. Attorneys and LHL Attorneys launched this class action which was granted by the Johannesburg High Court in December 2018.

Listeriosis class action against Tiger Brands to resume

Tiger Brands, whose factory in Polokwane was identified as the source of the outbreak of listeriosis in South Africa during 2017 and 2018, which claimed the lives of almost 200 people will soon face a class action. This is after Richard Spoor Inc. Attorneys and LHL Attorneys launched this class action which was granted by the Johannesburg High Court in December 2018.

Anglo American begins quest to unearth next CEO

15TH JANUARY 2019 BY: REUTERS SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ LONDON - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12% last year, outperforming London-listed peers including Glencore and Rio Tinto. ADVERTISEMENT Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Anglo American begins quest to unearth next CEO

15TH JANUARY 2019 BY: REUTERS SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ LONDON - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12% last year, outperforming London-listed peers including Glencore and Rio Tinto. ADVERTISEMENT Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Anglo American begins quest to unearth next CEO

15TH JANUARY 2019 BY: REUTERS SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ LONDON - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12% last year, outperforming London-listed peers including Glencore and Rio Tinto. ADVERTISEMENT Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Distell launches Libertas Vineyards as a standalone

DURBAN - Distell is consolidating its position in South African premium and fine wine by launching Libertas Vineyards and Estates as a new stand-alone company with ownership of all the premium wine brands. Distell, Africa's leading producer of spirits, wines, ciders and ready-to-drinks (RTDs), relisted on the JSE in May last year, with top brands including Amarula, 4th Street, Hunter's, Klipdrift, Nederburg, Richelieu, Savanna, Viceroy and JC Le Roux.   The portfolio of brands under Libertas Vineyards and Estate includes Alto, Nederburg, Durbanville Hills, Plaisir de Merle, Pongrácz, Fleur du Cap and Allesverloren and the unique heritage assets of Chateau Libertas, Zonnebloem and the Tabernacle.

Markets LIVE: Asian stocks open lower, volatility expected for pound

Pound down as investors weigh worst-case Brexit scenario The pound fell in Asian trading as investors started to weigh a worst-case Brexit after Prime Minister Theresa May's plan was roundly defeated by UK lawmakers. Sterling weakened against most its Group-of-10 counterparts, while traders said flows were thin as most investors were staying on the sideline after Tuesday's whipsaw session. While May is expected to survive a vote of no confidence that will take place on Wednesday, uncertainty over how she will put together a new deal is spurring risk aversion.

New Year- great time to revisit business security measures and make changes

In November 2018, Bryte Insurance, a proactive business risk specialist, released its Q2 2018 Crime Tracker which measures the annual change, on a quarterly basis, in crime-related claims (due to hijacking, robbery, theft and malicious damage) committed against South African businesses. The Crime Tracker indicated a substantial increase of 13,51 percent in the total incidents of crime perpetrated against businesses in Q2 2018 compared to the same period in 2017 where it reflected a deceleration to 7,73 percent. The dire socio-economic challenges and high unemployment rate facing the country have been highlighted as a major causal factor for the increase.

PRESS DIGEST- New York Times business news - Jan 16

Jan 16 (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. - Automakers Ford Motor Co and Volkswagen AG announced on Tuesday that they will develop and build pickup trucks and vans for various markets while pursuing wider cooperation on advanced technologies.

Cosatu unhappy SA business overlooks ‘expensive' local labour, chooses foreigners

BUSINESS NEWS - The Congress of South African Trade Unions (Cosatu) says although there is nothing new about the new draft regulations on the employment of foreign nationals, the implementation of the draft is their biggest concern, as South Africans are being displaced by the actions of businesses who allegedly hire more foreign nationals than they should. This comes after discussions that took place in parliament towards the end of last year around the implementation of legislation regulating the employment of foreign nationals. The new draft, which is now open for public comment, proposes changes that will potentially affect the applications of work visas, corporate visas and the submissions of skills transfer plans.

Cosatu unhappy SA business overlooks ‘expensive' local labour, chooses foreigners

BUSINESS NEWS - The Congress of South African Trade Unions (Cosatu) says although there is nothing new about the new draft regulations on the employment of foreign nationals, the implementation of the draft is their biggest concern, as South Africans are being displaced by the actions of businesses who allegedly hire more foreign nationals than they should. This comes after discussions that took place in parliament towards the end of last year around the implementation of legislation regulating the employment of foreign nationals. The new draft, which is now open for public comment, proposes changes that will potentially affect the applications of work visas, corporate visas and the submissions of skills transfer plans.

South African fintech in 2019 - what can we expect?

Dominique Collett, the head of AlphaCode Here are my fintech predictions for 2019 based on what we are seeing with our members at AlphaCode which closely track international trends in this space. AlphaCode is the Rand Merchant Investments (RMI) incubation, acceleration and investment initiative that identifies, partners and grows early stage financial service ventures. Digital banks The introduction of TymeBank, BankZero and Discovery Bank will no doubt shake up the industry and give customers greater choice.

Mining's biggest jobs are up for grabs

Here are the contenders. Some of the mining world's top executives are starting to plan their departures, driving speculation about who will lead their companies into the next decade. The changing of the guard raises the prospect of a strategic shift, as the industry searches for ways to enthuse investors after a belt-tightening era characterised by asset sales and cost control.

Alexander Forbes executive exodus heats up

Alexander Forbes is expected to announce replacements for positions left vacant by the resignations of group executives. File Photo: IOL JOHANNESBURG - The mass exodus of senior management at Alexander Forbes is heating up with the group expected to announce the departure of Tony Powis, the chief executive of corporate and employee benefits on Wednesday.  The group is also expected to announce replacements for positions left vacant by the resignations of other group executive members.

Distell Launches New Premium Wine Company

Distell, Africa's leading wines and spirits producer and marketer, is capitalising on its roots in premium and fine wine and is launching Libertas Vineyards and Estates as a new stand-alone company with ownership of all the premium wine brands. Libertas Vineyards and Estates' Managing Director, Kay Nash, said the move was a "significant shift" from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio. "We have started the premiumisation journey at all levels in the business from fine wine skills to brands and brand experiences, portfolio structures, ways of working and new collaborations, and global routes to market.

METALS-London copper rises on softer dollar, China stimulus hopes

BEIJING, Jan 16 (Reuters) - London copper prices edged higher for a second day in early Asian trade on Wednesday, as the dollar weakened, making metals cheaper for holders of other currencies, and investors were buoyed by signs of more stimulus from top metals consumer China. FUNDAMENTALS * LME COPPER: Three-month copper on the London Metal Exchange was up 0.1 perent at $5,923 a tonne, as of 0141 GMT, extending a 0.

March Russian ESPO crude premiums climb as China demand picks up

SINGAPORE, Jan 16 (Reuters) - * Russian ESPO crude premiums for cargoes loading in March have climbed from the previous month as China's demand has picked up, trade sources said on Wednesday * Chinese independent refiners, also known as teapots, are now more actively seeking cargoes for delivery in March and April after a demand trough in February because of Lunar New Year, they said * The recent recovery in global oil prices has also improved the outlook for China's domestic fuel prices, one of the sources said * Oil producer Surgutneftegaz has sold two ESPO crude cargoes at premiums between $3.10 and slightly above $3.20 a barrel to Dubai quotes in a tender awarded late on Tuesday, the sources said * Unipec and Glencore bought the cargoes that will load on Feb.

London copper rises on softer dollar, China stimulus hopes

BEIJING, Jan 16 (Reuters) - London copper prices edged higher for a second day in early Asian trade on Wednesday, as the dollar weakened, making metals cheaper for holders of other currencies, and investors were buoyed by signs of more stimulus from top metals consumer China. FUNDAMENTALS * LME COPPER: Three-month copper on the London Metal Exchange was up 0.1 perent at $5,923 a tonne, as of 0141 GMT, extending a 0.

Much to be learnt from getting into trenches of your business

Got to do one of the things I really love yesterday - welcome back a bunch of Biznews Premium subscribers who'd left us after we let a corporate subscription expire. Unforgivable I know, but 2018 was a year of such heavy lifting you just had to know some important stuff would go missing. What really lifted my spirit, though, was being able to confidently share how they're set for a much improved experience.

Distell Launches New Premium Wine Company

Libertas Vineyards and Estates' Managing Director, Kay Nash, said the move was a "significant shift" from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio. "We have started the premiumisation journey at all levels in the business from fine wine skills to brands and brand experiences, portfolio structures, ways of working and new collaborations, and global routes to market. We believe our actions will speak louder than our words so its heads down and getting under the hood for a while," says Nash.

Be not afraid on transformation: Black people in positions of power must stand up

With a debate over quotas sparked by Springbok captain Siya Kolisi, Vincent Silingile writes that those who are in positions of influence should stand up to change the status quo Imagine Patrice Motsepe crying foul because he is called a BEE billionaire. Just imagine him in a club of old white money billionaires. Would he actually feel insulted by such a statement? Or Sam Tshabalala, one of the top 40 chief executive officers (CEOs) of JSE-listed companies, being called an affirmative action candidate.

State-trained nurses sit idle while SA faces severe staff shortages

While the country battles medical staff shortages, hundreds of nurses who completed their training with the promise of work are unemployed When Jabulile Msimang* saw a post calling for aspiring nurses to register for a four-year training programme , followed by another four years of work to pay the bursary back, she thought that an opportunity had finally come to take her and her family out of poverty. Instead, the 23-year-old from KwaZulu-Natal (KZN) is among about 200 newly qualified nurses who completed their community service at provincial state hospitals and clinics last year, who are now sitting at home despite their contracts stating that they would be employed by the provincial health department. While the country faces severe nursing shortages, Msimang and her cohort are facing an uncertain future, and 216 other newly trained nurses who completed their community service in Gauteng hospitals are also jobless.

Shareholders finally find their voice on executive pay

Six market darlings (well, mostly) under pressure … Shareholders at an unprecedented number of JSE Top 40 companies have, in the past year, voted against remuneration policies and/or their implementation. These are non-binding advisory votes tabled at annual general meetings. Under JSE regulations (and King IV), the companies then have to engage dissenting shareholders in a formal manner and thereafter provide feedback to the market (via Sens).

Tragic data shows capital fleeing along with jobs

The big exporters of capital are generally rich countries with a high standard of living - so why is South Africa in this mix? South Africa attracts far less fixed investment as a percentage of GDP than any other emerging market. According to data from the UN Conference on Trade and Development (Unctad) for 2017, South Africa was the third biggest exporter of capital as a percentage of GDP in the world. Foreign direct investment (FDI) is an investment made by a firm or individual located in one country into business interests in another.

State-trained nurses sit idle while SA faces severe staff shortages

While the country battles medical staff shortages, hundreds of nurses who completed their training with the promise of work are unemployed When Jabulile Msimang* saw a post calling for aspiring nurses to register for a four-year training programme , followed by another four years of work to pay the bursary back, she thought that an opportunity had finally come to take her and her family out of poverty. Instead, the 23-year-old from KwaZulu-Natal (KZN) is among about 200 newly qualified nurses who completed their community service at provincial state hospitals and clinics last year, who are now sitting at home despite their contracts stating that they would be employed by the provincial health department. While the country faces severe nursing shortages, Msimang and her cohort are facing an uncertain future, and 216 other newly trained nurses who completed their community service in Gauteng hospitals are also jobless.

Cloud-based Solution Enhances Compliance and Risk Management

A cloud-based platform to enhance performance in procurement and onboarding times, Passport 360 allows for improved visibility with regard to compliance, time and safety, and risk management, resulting in increased productivity. This results in a safer and more productive workplace. In addition, simplified and accessible systems allow for greater participation from all stakeholders.

Electronic Arts puts global media business up for review

Video game company Electronic Arts which develops and publishes games like FIFA, Madden NFL and The Sims handles a large chunk of its media capabilities in-house. But the marketer just launched a review to find a strategic external media agency partner as it "seeks to re-imagine its media operations." The Redwood City, California-based marketer, a self-proclaimed "vocal constituent of the ‘in-housing' trend over the past 18 months," according to a company statement, said it has recently consolidated its internal media disciplines across channels, regions and business units.

Distell launches premium wine company

Putting corporate muscle behind SA's efforts to raise its global wine profile. Wine and spirits producer Distell has launched a stand-alone company specifically focused on the premium and super-premium wine category. The new company, Libertas Vineyards and Estates, will remain wholly owned by Distell and be the custodian of the company's premium wine brands, including Allesverloren, Nederburg, Plaisir de Merle and Zonnebloem.

ENERGY: Oil report for January 15, 2019

Sports gambling, a huge illegal market in the U.S. is about to be legalized and both sports fans and investors are scrambling to roll the dice.

FINTEGIC (RF) LIMITED - FNT006 - Listing of New Financial Instrument

Release Date: 15/01/2019 14:12 Code(s): FNT006 Wrap Text FNT006 - Listing of New Financial Instrument Fintegic (RF) Limited (previously SSI SCF (RF) Limited) (Incorporated in the Republic of South Africa) (Registration number 2017/448717/06) Company code: FTGI Bond Code: FNT006 ISIN: ZAG000156340 ("Fintegic" or "the Issuer") LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted the Issuer the listing of its Senior Unsecured Fixed Rate Notes, in terms of its Note Programme dated 23 February 2018 ("the Programme") with a payment guarantee issued by Santam Limited, effective 16 January 2019. Debt Security Code: FNT006 ISIN: ZAG000156340 Type of Debt Security: Fixed Rate Notes Nominal Issued: ZAR 35 001 013.00 Issue Date: 16 January 2019 Issue Price: 100% Coupon Rate: 8.

Plan your 2019 bucket with Forestry South Africa's new online recreational map - MyPR.co.za

Plan your 2019 bucket with Forestry South Africa's new online recreational map : Lone Creek Falls - Mpumalanga Photo: SAFCOL JOHANNESBURG , January 15, 2019 - Forestry South Africa (FSA) has launched the Forestry Explained recreational map , ideal for when the travel bug bites, when you need family-friendly accommodation or a quiet weekend away from the city life. The new interactive map details the myriad of activities and attractions that are found on forestry-owned land around the country. Treasures within the trees Around 30% of forestry-owned land is unplanted and a large proportion is set aside for dedicated conservation.

INTU PROPERTIES PLC - TR-1: Standard Form for Notification of Major Holdings

Wrap Text TR-1: Standard Form for Notification of Major Holdings INTU PROPERTIES PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: ITU LEI: 213800JSNTERD5CJZO95 TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)I 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- Intu Properties Plc tachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer 2.

How is the US government shutdown affecting markets?

Now in it's 25th day, the shutdown hasn't had a significant impact as yet, but this could change as it prolongs. Looking back at the market moves of Tuesday, Maudi Lentsoane, CEO at Lehumo Investments, speaks to Nompu Siziba on how economic giants, the US, China and Britain, impacted these moves. Locally, the mining production figures slumped.

Cala entrepreneur taps into purification business

PREMIUM By Siya Tsewu - 15 January 2019 Tired of what he described as "brownish, murky water" in Cala, a young businessman has decided to tap into the water purification and selling industry. Mathongo Vilana, 29, said he had noticed a great demand for clean water in Cala because he would often have to buy water for his family. He said the tap water was undrinkable.

Business How China's tax cuts could affect local manufacturing in Africa

The Chinese government recently announced its decision to cut taxes for a three-year period. This will see corporate-income, value-added and other corporate taxes for small and medium enterprises (SMEs) reduced, with the country's Central Bank cutting bank reserves in order to release more money for lending. The cuts come amid growing concerns over China's slowing economic growth and its impact on the labour market, weakening domestic demand and a damaging trade war with the United States.

Business Syntaxis Capital Africa is partnering with Afrinvest Asset Management Limited to promote the growth of SMEs

Syntaxis Capital Africa has launched a N12 billion private equity fund in collaboration with Afrinvest Asset Management Limited to support Small and Medium Scale Enterprises (SMEs) in Nigeria. The funds will be injected into projects across different sectors of the economy. These include healthcare, manufacturing, education, financial services and agri-processing.

Business AgDevCo invests $3 million in the only licensed cocoa buying company in Ghana

Global Agri-Development Company (AgDevCo), has announced a $3 million investment in Kokoo Limited, the only licensed cocoa buying company in Ghana which is owned by a cooperative of Ghanaian smallholder cocoa farmers. This trade finance facility will allow the company to purchase cocoa beans from its network of about 100,000 farmers. "AgDevCo looks forward to building a long-term partnership with Kokoo and supporting the company's innovative work to develop the Ghanaian cocoa industry for the benefit of its membership," said Chris Isaac, AgDevCo's Managing Director for West Africa.

Business South Africa taps into the projected $78 billion male grooming industry as more salons ride the metrosexual wave

Male beauty parlours are springing up daily in South Africa in response to what has been described as a ‘metrosexual wave'. The country's men-only parlours like Sorbet Man are doing so well, they already have 20 franchise stores within a short period of operation. The salon which launched as a spinoff from a women's salon brand three years ago is expecting a 50 percent turnover this year.

Business spotlight: Sunburst Creations by Lebohang Molefe

Lebohang Molefe started her cushion business Sunburst Creations in 2017 as an outlet of her creativity. She speaks to us about how she balances her side gig with her 9-5 job What inspired Sunburst Creations? Sunburst was created by a yearning to create items that bring to light the importance of inner spiritual work. I grew up as a creative child who enjoyed drawing and designing clothes.

Heightened risk will characterise 2019: business resilience will be key

One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation, says Michael Davies, CEO, ContinuitySA. "We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex. This also means that when risks materialise, they can play out in unexpected ways," he says "So while it remains important to undertake a thorough scoping of the risks each organisation faces, it's even more important to ensure that the organisation is resilient enough to deal with whatever risks do materialise.

#Matric2018: Department should urgently review Business Studies results

The Democratic Alliance (DA) calls on the Department of Basic Education (DBE) to urgently review the marking of the National Senior Certificate (NSC) 2018 Business Studies exam. School principals and teachers across the country are reporting a serious problem, where the marks achieved by learners in November were sometimes half of what was achieved during the year. The Business Studies assessments and marks are moderated externally each term and is signed off by the Subject Advisor.

#BizTrends2019: Innovation and authentic engagement will drive success

The future that is discussed around the boardroom table is already here. The influx of the millennial workforce and rapid adoption of artificial intelligence in business means that leaders can no longer afford to disregard conversations about change and culture. We have entered an era of relentless change and extreme competitiveness.

Distell sets up firm to drive global growth

Libertas Vineyards and Estates will house portfolio of premium wines Distell, which owns brands such as Nederburg and Durbanville Hills has launched a stand-alone company to drive global sale of its premium wines. The formation of Libertas Vineyards and Estates represents a shift from Distell's previous model in which premium wines were managed as a division within the company's large portfolio. Kay Nash, MD of Libertas Vineyards and Estates, said on Tuesday the move would sharpen the global penetration of Distell's premium wines.

Eastern European real-estate owners can be the boost property sector needs

Region's counters on the JSE are primed for strong 2019 as they benefit from economic growth and rising rentals Eastern European-focused property stocks such as Nepi Rockastle, MAS Real Estate and EPP NV look set to reward investors in 2019 as they benefit from strong economic growth and improving rentals there, say two prominent fund managers. These companies have exposure to the likes of Poland, Romania and other countries in central and Eastern Europe, which have strong property fundamentals. The World Bank has projected that the Polish economy will grow about 3.

Datatec spends R300m on share buybacks

Share buybacks are a major theme in global equity markets, particularly the US Datatec has spent another R300m on buying back its own shares in recent months, says the information and communications technology group, which has a market capitalisation of R6.6bn. Stock buybacks, which sometimes signal a lack of new investment opportunities for the company doing them, are used to consolidate ownership, support the share price and boost financial ratios including earnings per share.

Mediclinic fights to expand in North West

SA's biggest private hospital group by value presented its final argument to the Competition Tribunal SA's biggest private hospital group by value, Mediclinic International, presented its final argument to the Competition Tribunal on Tuesday as it fights to expand its footprint in North West. The Competition Commission blocked Mediclinic's planned acquisition of Matlosana Medical Health Services (MMHS) near Klerksdorp in July 2017. At the time, the commission said it had recommended to the tribunal that the deal be prohibited because it is likely to substantially reduce competition in Klerksdorp and the surrounding areas, and would allow Mediclinic to unilaterally increase prices as soon as the transaction took effect.

Plan your 2019 bucket with Forestry South Africa's new online recreational map

Lone Creek Falls - Mpumalanga Photo: SAFCOL JOHANNESBURG, January 15, 2019 - Forestry South Africa (FSA) has launched the Forestry Explained recreational map , ideal for when the travel bug bites, when you need family-friendly accommodation or a quiet weekend away from the city life. The new interactive map details the myriad of activities and attractions that are found on forestry-owned land around the country. Treasures within the trees Around 30% of forestry-owned land is unplanted and a large proportion is set aside for dedicated conservation.

Distell launches new Libertas Vineyard and Estates wine company

Distell has launched Libertas Vineyards and Estates - a new stand-alone company with ownership of all the premium wine brands. Libertas Vineyards and Estates' managing director, Kay Nash says the move is a "significant shift" from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio. "We have started the premiumisation journey at all levels in the business from fine wine skills to brands and brand experiences, portfolio structures, ways of working and new collaborations, and global routes to market.

Anglo American begins quest to unearth next CEO

* CEO Cutifani's strategic skills questioned in some quarters * Anglo to focus on internal candidates -company source By Clara Denina and Barbara Lewis LONDON, Jan 15 (Reuters) - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015-16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12 percent last year, outperforming London-listed peers including Glencore and Rio Tinto. Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Chinese import/export data drags markets lower

There's room for ‘dovishness' in market, says portfolio manager. Gary Booysen, portfolio manager at RandSwiss, explains that dovishness could possibly help global equity markets. He discusses Monday's movers and shakers in conversation with Nompu Siziba.

UPDATE 1-South African rand slips after dismal mining data

(Updates throughout) JOHANNESBURG, Jan 15 (Reuters) - The South African rand fell on Tuesday, after worse-than-expected mining data pointed to lingering weakness in Africa's most industrialised economy. At 1640 GMT, the rand traded at 13.8000 per dollar, 0.

Why I said yes to chair PSG - KK Combi

Master Currency founder Zithulele ‘KK' Combi is an established businessman and entrepreneur. He has now acquired a new role of independent chairman of the boards of PSG Group and PSG financial services. CNBC Africa spoke to him to find out more about his new venture and plans for the future.

Anglo American begins quest to unearth next CEO

LONDON - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12% last year, outperforming London-listed peers including Glencore and Rio Tinto. Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Blood on the streets as Zimbabwe currency crisis explodes

EDINBURGH — Violent clashes between the authorities and angry citizens have led to several deaths in Zimbabwe as its currency crisis deepens. The Zimbabwe government won't reveal the number of casualties. Protests erupted after the government ratcheted up the price of fuel .

Smith, Kleinveldt shine with bat and ball for Cobras

Cobras allrounder Kleinveldt. Photo: Chris Ricco/BackpagePix Rory Kleinveldt and Jason Smith struck with bat and ball as the Cape Cobras fought back well during the second half of day one of their latest 4-Day Domestic Series assignment against the Warriors in Cape Town on Monday.   The pair shared a crucial 75-run stand that rescued the log leaders from a limp 132 for seven to post 239 all out at PPC Newlands.

PE Business News: Ottis Gibson: ‘This team is not a one-man show'

PE : Ottis Gibson: ‘This team is not a one-man show' : Promote your business on BuyPE and MyPR. Ottis Gibson: ‘This team is not a one-man show': "While he did not play against Pakistan‚ he is still part of the series and his turn will come when we go to Durban and Port Elizabeth against Sri Lanka. "Those are places where spinners get into the … […] - MyPE News Submit and get free press releases here: MyPR Free Press Release .

3 Ways to Make Your Business Recession Proof

Because there's one on the way. It's just a matter of how soon that political inanity or the market's volatility will start us downhill. For startups, the traditional rules won't apply.

Curro Mossel Bay learner excels despite matric set-back

: Curro Holdings, South Africa's biggest JSE-listed independent education provider, recently celebrated their Matric Gala Awards, honouring 2018's top matric talent. Alongside honouring their top academic performers, the brand also celebrated their learners achieving academic excellence despite adverse circumstances, and Gustav Swart from Curro Mossel Bay was one of the learners that stood out during the past year. Swart's deep sense of community involvement led him to volunteer at a hospital's emergency room during the 2017 December holidays.

Anglo American begins quest to unearth next CEO

* CEO Cutifani's strategic skills questioned in some quarters * Anglo to focus on internal candidates -company source By Clara Denina and Barbara Lewis LONDON, Jan 15 (Reuters) - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015-16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12 percent last year, outperforming London-listed peers including Glencore and Rio Tinto. Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Rare Antelope Born at Wine Farm in Somerset West, South Africa

One of the rarest antelope species in Southern Africa is thriving in the unexpected setting of a Somerset West wine estate. Vergelegen, which hosts 100,000 local and international visitors annually, has welcomed nine newborns to its growing bontebok herd this summer. Sleek bontebok with their offspring in the lush environment of Vergelegen wine estate.

EU allows Greece to postpone deadline for coal plant bids

ATHENS, Jan 15 (Reuters) - The European Commission has allowed Greece's Public Power Corp. (PPC) to postpone to late January a deadline for binding bids for three coal-fired plants, an energy ministry source said on Tuesday. Public Power Corp.

Africa Welcomes the Next Stage of Business Processes in Commercial Lending

By Jigyasa Singh, Managing Director for Financial Services - Accenture Africa   Intelligent growth of the commercial loan book is a challenge faced by banks across Africa. Success in the endeavour will depend on how well lenders manage risk as much as the degree to which they modernise to stay ahead of the dynamic market drivers set to test their dominance. Worldwide, business customers' expectations for convenience and speed when accessing loans is increasing - research shows that a significant number would be willing to leave their traditional primary lender and go elsewhere for better service.

UK business braces for Brexit vote

Few expect the deal to pass, and a no-deal Brexit ‘will be a situation of national emergency' .

Distell to set up new firm for premium wine business

Distell has been grappling with tough trading conditions in South Africa. South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade. Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price.

How Jersey is helping SA stay "open for business"

The Jersey Private Fund offers an ideal fund domicile for South African managers. Photo: Pixabay JOHANNESBURG - South Africa has established itself as an investment destination. Openness to foreign direct investment (FDI), foreign investor protection, the country's status as a gateway into Africa, the launch of one-stop shops (OSSs) by InvestSA, capital controls and the rollout of Special Economic Zones (SEZs) have all supported South Africa's overall competitiveness in this regard.

PE Business News: Ottis Gibson: ‘This team is not a one-man show'

Promote your business on BuyPE and MyPR . Ottis Gibson: ‘This team is not a one-man show' : "While he did not play against Pakistan‚ he is still part of the series and his turn will come when we go to Durban and Port Elizabeth against Sri Lanka. "Those are places where spinners get into the … Source: "Port Elizabeth" business - BingNews .

Turning data into opportunity: The intelligence every business needs

Business intelligence (BI) is used to minimise cost, identify potential business opportunities, pinpoint any inefficiencies, and allow for informed decision-making. But how can a business tap into this system? Using data and analytics software, users are given the opportunity to proactively gain important insights and turn them into actionable resources. What is business intelligence? BI refers to the process in which one analyses data to use as actionable information through technological tools and software.

South Africa's Distell to set up new firm for premium wine business

Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price. | JOHANNESBURG - South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade.Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price.

#Matric2018: Review Business Studies results urgently - Nomsa Marchesi

#Matric2018: Review Business Studies results urgently - DA says teachers across the country are reporting serious discrepancies in marks achieved by learners #Matric2018: Department should urgently review Business Studies results 15 January 2019 The Democratic Alliance (DA) calls on the Department of Basic Education (DBE) to urgently review the marking of the National Senior Certificate (NSC) 2018 Business Studies exam. School principals and teachers across the country are reporting a serious problem, where the marks achieved by learners in November were sometimes half of what was achieved during the year. The Business Studies assessments and marks are moderated externally each term and is signed off by the Subject Advisor.

South Africa's Distell to set up new firm for premium wine business

JOHANNESBURG (Reuters) - South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade. Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price. The new unit, called Libertas Vineyards and Estates, will be wholly owned by Distell and house all its premium wine brands, such as Nederburg and Alto.

Anglo American begins quest to unearth next CEO

* CEO Cutifani's strategic skills questioned in some quarters * Anglo to focus on internal candidates -company source By Clara Denina and Barbara Lewis LONDON, Jan 15 (Reuters) - Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015-16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12 percent last year, outperforming London-listed peers including Glencore and Rio Tinto. Analysts say that Cutifani deserves credit for driving efficiency but some remain critical of a decision to halt debt-reducing asset disposals, even though this helped the company to benefit from the upturn in prices for commodities such as iron ore and coal.

Distell launches new premium wine company

Distell is launching Libertas Vineyards and Estates as a new standalone company with ownership of all Distell's premium wine brands, the company announced in a statement on Tuesday. Libertas Vineyards and Estates MD Kay Nash said the move was a "significant shift" from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio. "We have started the premiumisation journey at all levels in the business from fine wine skills to brands and brand experiences, portfolio structures, ways of working and new collaborations and global routes to market.

Absa seeks first-time buyers in push to revive mortgage lending

The local bank is playing catch up in a sluggish economy. Absa Group plans to claw back market share in South African home loans by taking on more risk and targeting first-time buyers, as Chief Executive Officer Maria Ramos embarks on a new era outside the clutches of Barclays Bank. South Africa's third-largest lender once had more mortgages on its books than any of its local rivals, but the Johannesburg-based company fell behind after Barclays acquired control in 2005.

Distell to set up new firm for premium wine business

Distell has been grappling with tough trading conditions in South Africa. South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade. Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price.

Distell launching new premium wine company

The move is a significant shift from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio. Photo: File. JOHANNESBURG - Africa's leading wines and spirits producer and marketer Distell said on Tuesday it was launching Libertas Vineyards and Estates as a new stand-alone company with ownership of all its premium brands.

Further petrol price decrease expected

Make sure you start the year off on a healthy note - 3 hours ago UPDATE: #JoburgStorm causes havoc for road users, trees yet to be removed - 4 hours ago Meet Captain Khumalo - 1 day ago Friends of Sandspruit appeal for help from community members - 1 day ago WATCH: Attempted robbery caught on camera - 55 mins ago Suspect arrested for possession of unlicensed firearms and ammunition - 3 hours ago Integrated Crime Combatting operation held in Sandton - 9 hours ago 304 criminals behind bars during December - 1 day ago Rapist's futile apology - 1 day ago Transport of dangerous goods without permit prohibited - 1 day ago Temporary Pikitup collection schedule for Sandton - January 12, 2019 Helpful details for contacting the City to attend to issues in Sandton central - January 2, 2019 Nico de Jager wishes residents a safe festive season - December 29, 2018 Dr Mpho Phalatse's festive message - December 28, 2018 TOP STORY: Five sets of twins at Brescia House are achievers - 1 day ago Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 School is out for Bryneven Primary School Grade 1s - January 9, 2019 Grade 1s from Crawford Preparatory School are excited for ‘big school' - January 9, 2019 Moving from pre-school to big school - January 9, 2019 Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - 3 hours ago Life Hack: 6 useful hacks from 100 years ago - 9 hours ago Kickstart your day with warm lemon water instead of coffee - 1 day ago The magnetic North Pole has begun moving erratically, scientists warn - January 13, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December

Distell launches new stand-alone company, Libertas Vineyards and Estates

Distell, Africa's leading wines and spirits producer and marketer, is capitalising on its roots in premium and fine wine and is launching Libertas Vineyards and Estates as a new stand-alone company with ownership of all the premium wine brands. Libertas Vineyards and Estates' Managing Director, Kay Nash, said the move was a "significant shift" from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio. "We have started the premiumisation journey at all levels in the business from fine wine skills to brands and brand experiences, portfolio structures, ways of working and new collaborations, and global routes to market.

Zimbabwe fuel protests turn deadly

Several people were killed and about 200 arrested during protests in Zimbabwe government said, two days after it raised the price of fuel in an attempt to tame the worst economic crisis in a decade. Police fired tear gas in Harare and Bulawayo where protesters barricaded roads, burned tyres and chanted songs against President Emmerson Mnangagwa, who upped fuel prices in the hope of easing a currency shortage. Security minister Owen Ncube said some people died, but gave no details.

South Africa's Distell to set up new firm for premium wine business

Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price. | JOHANNESBURG - South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade.Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price.

EU allows Greece to postpone deadline for coal plant bids

ATHENS, Jan 15 (Reuters) - The European Commission has allowed Greece's Public Power Corp. (PPC) to postpone to late January a deadline for binding bids for three coal-fired plants, an energy ministry source said on Tuesday. Public Power Corp.

I might go back to court - Vodacom 'Please Call Me' inventor Nkosana Makate

Kenneth Nkosana Makate inside Constitutional Court after winning the legal battle against Vodacom over the Please Call on 26 April 2016. Picture: Mia Lindeque/EWN. For years now "Please Call Me" inventor Nkosana Makate has been battling Vodacom - his former employer - about the intellectual property of the service.

South Africa's Distell to set up new firm for premium wine business

JOHANNESBURG (Reuters) - South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade. Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price. The new unit, called Libertas Vineyards and Estates, will be wholly owned by Distell and house all its premium wine brands, such as Nederburg and Alto.

Growing readymix markets with Chryso technology

Leveraging its admixture technologies and its growing range of value-added products, CHRYSO Southern Africa is helping its readymix customers expand their markets despite the flat conditions in the construction sector. According to Deon Klopper, sales manager readymix segment at CHRYSO Southern Africa, the slow economy continues to pressurise readymix suppliers, but the answer lies in offering end-users more options to reduce their costs while delivering quality results. "This is where the role of CHRYSO's research and development efforts - leading to ongoing technology advances - is becoming so important to the readymix sector," says Klopper.

I might go back to court - Vodacom 'Please Call Me' inventor Nkosana Makate

For years now "Please Call Me" inventor Nkosana Makate has been battling Vodacom - his former employer - about the intellectual property of the service. Makate denies claims by Vodacom that it paid him a settlement, as per a court order. A decision on reasonable compensation payable to Mr.

Distell launches new premium wine company

Producer-wholesaler Distell has launched Libertas Vineyards and Estate as a new stand-alone company with ownership of all the premium wine brands. Libertas Vineyards and Estate Kay Nash. This marks a shift from the company's previous approach where premium wines were managed as a division within a multi-category portfolio.

Absa's big plans to target first-time home buyers

Absa plans to claw back market share in South African home loans by taking on more risk and targeting first-time buyers, as CEO Maria Ramos embarks on a new era outside the clutches of Barclays Bank. South Africa's third-largest lender once had more mortgages on its books than any of its local rivals, but the Johannesburg-based company fell behind after Barclays acquired control in 2005. Now that the UK bank has sold down its stake, Absa is plotting how to play catch up in a country with sluggish economic growth and an unemployment rate of more than 27%.

Helios Towers to take 66% of infrastructure joint venture with Vulatel

Helios Towers has entered the South African market by forming a partnership with Vulatel to expand mobile and fixed line infrastructure in the country. Helios Towers plans to make "major greenfield wireless and fixed-line telecoms infrastructure investments" there. Helios Towers expects South Africa to lead the 5G roll-out in sub-Saharan Africa.

At least 6 dead amid violent Zim protests, says MDC

There have several reports of violent protests around the country with the police making many arrests. | HARARE - The Movement for Democratic Change (MDC) in Zimbabwe says at least six people have been killed and scores wounded as tensions increase in the country over .There have several reports of violent protests around the country with the police making many arrests.

Museveni ‘astonished' MTN Uganda allowed to pay less for licence renewal

Ugandan President Yoweri Museveni wrote in a letter that MTN Uganda had ‘reaped vast profits, most of which have obviously been repatriated' Kampala — Uganda's President Yoweri Museveni has criticised the telecommunications regulator after it slashed MTN Uganda's fee for renewing its telecoms licence, according to a letter seen by Reuters. Local media reported on Tuesday that the Uganda Communications Commission (UCC) had decided to charge MTN Uganda, which is owned by SA's MTN Group, $58m to renew its licence for 10 years, instead of $100m originally set for the renewal. MTN Uganda is the country's biggest telecoms operator.

Distell launches new premium wine company

Home News WineNews Distell launches new premium wine company By Christian Eedes - January 15, 2019 0 SHARE Facebook Twitter Producer-wholesaler Distell has launched Libertas Vineyards and Estate as a new stand-alone company with ownership of all the premium wine brands. Libertas Vineyards and Estate Kay Nash. This marks a shift from the company's previous approach where premium wines were managed as a division within a multi-category portfolio.

Uganda's president 'astonished' MTN charged less for telecom licence renewal

Uganda's President Yoweri Museveni has criticised the telecommunications regulator after it slashed MTN Uganda's fee for renewing its telecoms licence, according to a letter seen by Reuters. Local media reported on Tuesday that the Uganda Communications Commission (UCC) had decided to charge MTN Uganda, which is owned by South Africa's MTN Group, $58-million to renew its licence for ten years, instead of $ten0-million originally set for the renewal. MTN Uganda is the country's biggest telecoms operator.

Zuma leads the pack of those served with official notices as Zondo Commission resumes

LONDON — It would come as no surprise to anyone that former President Jacob Zuma is culprit number one at the State Capture Inquiry . Zuma has managed to accumulate even more official Zondo Commission notices than his friends, the Guptas and so far he has failed to respond to any of the allegations even though the commission has offered him the chance to do so. As Jessica Bezuidenhout for the  Daily Maverick  reports there are twelve of Zuma's cabinet ministers implicated with Zuma; four of them are sitting ministers in President Cyril Ramaphosa's cabinet .

When more is better - the gold mining industry shake-up

CAPE TOWN — As in SAA's mooted mergers with SA Express and Mango , and it flirting with two other major African airlines to create a single continental consortium - when things get financially tricky and weird, the weird get going.  It seems the same holds true for gold mining with the world's biggest gold mining houses consolidating and leaving their smaller rivals quaking and out of their depth with little rescue in sight. Here two mega deals are described, deals prompted by floundering bullion prices and prior poor producer decision-making.

Make sure you start the year off on a healthy note

UPDATE: #JoburgStorm causes havoc for road users, trees yet to be removed - about 1 hour ago Meet Captain Khumalo - 24 hours ago Friends of Sandspruit appeal for help from community members - 24 hours ago Fatal collision on N1 Buccleuch crash - January 13, 2019 Suspect arrested for possession of unlicensed firearms and ammunition - 41 mins ago Integrated Crime Combatting operation held in Sandton - 6 hours ago 304 criminals behind bars during December - 1 day ago Rapist's futile apology - 1 day ago Three suspects arrested in Buccleuch - January 11, 2019 Transport of dangerous goods without permit prohibited - 1 day ago Temporary Pikitup collection schedule for Sandton - January 12, 2019 Helpful details for contacting the City to attend to issues in Sandton central - January 2, 2019 Nico de Jager wishes residents a safe festive season - December 29, 2018 Dr Mpho Phalatse's festive message - December 28, 2018 TOP STORY: Five sets of twins at Brescia House are achievers - 1 day ago Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 School is out for Bryneven Primary School Grade 1s - January 9, 2019 Grade 1s from Crawford Preparatory School are excited for ‘big school' - January 9, 2019 Moving from pre-school to big school - January 9, 2019 Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - 53 mins ago Life Hack: 6 useful hacks from 100 years ago - 6 hours ago Kickstart your day with warm lemon water instead of coffee - 1 day ago The magnetic North Pole has begun moving erratically, scientists warn - January 13, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - Decemb

Suspect arrested for possession of unlicensed firearms and ammunition

Integrated Crime Combatting operation held in Sandton - 6 hours ago 304 criminals behind bars during December - 1 day ago Rapist's futile apology - 1 day ago Three suspects arrested in Buccleuch - January 11, 2019 Transport of dangerous goods without permit prohibited - 1 day ago Temporary Pikitup collection schedule for Sandton - January 12, 2019 Helpful details for contacting the City to attend to issues in Sandton central - January 2, 2019 Nico de Jager wishes residents a safe festive season - December 29, 2018 Dr Mpho Phalatse's festive message - December 28, 2018 TOP STORY: Five sets of twins at Brescia House are achievers - 1 day ago Learners can now complete a National Senior Certificate Vocational at Curro Holdings Ltd: Private College Rivonia - January 12, 2019 School is out for Bryneven Primary School Grade 1s - January 9, 2019 Grade 1s from Crawford Preparatory School are excited for ‘big school' - January 9, 2019 Moving from pre-school to big school - January 9, 2019 Super Blood Wolf Moon total lunar eclipse will be the last until 2022 - 55 mins ago Life Hack: 6 useful hacks from 100 years ago - 6 hours ago Kickstart your day with warm lemon water instead of coffee - 1 day ago The magnetic North Pole has begun moving erratically, scientists warn - January 13, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December 3, 2018 Antarctica ice loss increases six fold since 1979: study - 4 hours ago Kylie Jenner's Instagram record battered by an egg - 4 hours ago Wife of unpaid federal employee wins $100,000 on lottery - 4 hours ago Hong Kong scientists claim ‘broad-spectrum' antiviral breakthrough - 4 hours ago War crimes court to rule on release of Ivory

Business Green Africa Airways is positioning itself to dominate the continent's aviation sector

Anchored by senior industry leaders, Lagos-based Green Africa Airways is set for a major take off after partnering with aeroplane manufacturer, Boeing. The partnership involves a commitment for up to a hundred (100) 737 MAX 8 aircraft, evenly split into 50 firm aircraft and 50 options. The agreement comes as the airline gears up to begin commercial operations, having received its Air Transport License from the Nigerian government.

Business 10 best African countries to invest in 2019

10 best African countries to invest in 2019 In recent times, great strides have been made towards the growth and development of the world's second most populous continent. Governments are gradually coming to the realisation that diversification is necessary to foster meaningful growth. But transformation cannot be achieved in isolation.

Heightened risk will characterise 2019: business resilience will be key

"We live in an increasingly connected world, which means that risk triggers are increasingly interconnected and complex. This also means that when risks materialise, they can play out in unexpected ways," he says "So while it remains important to undertake a thorough scoping of the risks each organisation faces, it's even more important to ensure that the organisation is resilient enough to deal with whatever risks do materialise." Mr Davies notes that the importance of resilience can be seen in the increasing emphasis that insurers are putting on business continuity as a precondition for insurance.

How To Prepare Your Business For The Workforce Of The Future

PwC says technology is seen as the most radical driver of change in preparing for tomorrow's workforce, while diversity and demands for equality are also reshaping the workplace. Olusola Adewole, Director for People and Change at PwC Nigeria joins CNBC Africa to discuss how organisations should prepare for the future workforce. The post appeared first on iAfrica.

Collapsing Zimbabwean economy cripples markets

Zimbabwe's financial woes deepen over the use of the US dollar as the trading currency due to collapsing economy there. The post appeared first on CNBC Africa ..

GLOBAL MARKETS-China hopes boost stocks, pound near 2-month top before Brexit vote

* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Pound near 2-month high before Brexit vote * Euro kicked lower by soft German economic data * Oil nudges higher on supply cut talk * Bond yields slip lower after weak data, friendly Fed By Marc Jones LONDON, Jan 15 (Reuters) - Chinese stimulus hopes lifted world stocks on Tuesday, while Britain's pound huddled near a two-month high as the UK's parliament readied for a "meaningful" vote on Prime Minister Theresa May's unpopular Brexit plans. Most European markets were in buoyant form early on - feeding off attempts by Washington and Beijing to downplay the risks associated with their trade war and sterling's bizarrely positive twist on the looming Brexit drama.

South Africa's Distell to set up new firm for premium wine business

JOHANNESBURG, Jan 15 (Reuters) - South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade. Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price. The new unit, called Libertas Vineyards and Estates, will be wholly owned by Distell and house all its premium wine brands, such as Nederburg and Alto.

UK business braces for Brexit vote

Few expect the deal to pass, and a no-deal Brexit ‘will be a situation of national emergency' London — Eleventh-hour warnings on the financial fallout of a no-deal Brexit and a cap on trading in pounds — British business on Tuesday braced itself for the UK parliament's vital vote. "As MPs prepare to vote on the government's Brexit deal, we urge them to remember they hold the future of the British automotive industry — and the hundreds and thousands of jobs it supports —in their hands," said the Mike Hawes, CEO of UK car industry body the SMMT. "Brexit is already causing us damage — in output, costs and jobs, but this does not compare with the catastrophic consequences of being cut adrift from our biggest trading partner overnight," he added in a statement.

Allianz Risk Barometer 2019: Business interruption is a leading risk for companies in South Africa for the first time

• 8th annual survey globally on top business risks sees record participation of 2,415 experts from 86 countries • Business interruption at 41% responses is #1 business risk in South Africa for the first time since 2016. Scenarios are becoming more diverse and complex with costs rising - cyber incidents ranking #2 in South Africa with 35% responses is one of the most feared trigger outpacing fire and natural catastrophes • New emerging risks include political risks and violence at #6 and shortage of skilled workforce at #10 with 13% responses. In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union, South Africa and other countries, cyber risk is now a core concern for businesses in 2019 and beyond.

Business News - 14 Jan 2019

Eskom appeals to Nersa, FMD disease impacts trade and Amcu worsens Sibanye-stillwater's troubles..

Business robbery at 7th Street cash shop

A man was robbed of two laptops when he entered Echo Cash on 7th Street on Sunday morning. The victim had just entered the premises when he tried to close the door, but it was kicked open by a suspect holding a firearm. Four more suspects then followed the initial suspect and demanded cash from the safe.

Resolutions To Help Your Business Rock In 2019

New Year's resolutions are a tradition to either start something good or stop a bad habit as a means to better your life in the coming year. In this sense, entrepreneurs should take this opportunity to not only improve their personal lives, but examine and implement ways to improve their businesses this year. Whether 2018 was your best year of business yet or one you'd rather forget, any successful entrepreneur will know that there is always space for improvement and business growth.

DA: #Matric2018: Department should urgently review Business Studies results

The Democratic Alliance (DA) calls on the Department of Basic Education (DBE) to urgently review the marking of the National Senior Certificate (NSC) 2018 Business Studies exam. School principals and teachers across the country are reporting a serious problem, where the marks achieved by learners in November were sometimes half of what was achieved during the year. The Business Studies assessments and marks are moderated externally each term and is signed off by the Subject Advisor.

Resolutions to help your business rock

OPINION: Entrepreneurs should take this opportunity to examine and implement ways to improve their businesses this year … writes Ben Bierman..

South Africa's Distell to set up new firm for premium wine business

JOHANNESBURG, Jan 15 (Reuters) - South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade. Distell wants to expand sales for its premium products in overseas markets as consumers look for products produced in a more socially conscious way, with less focus on price. The new unit, called Libertas Vineyards and Estates, will be wholly owned by Distell and house all its premium wine brands, such as Nederburg and Alto.

Life Healthcare sells stake in India Hospital Group

Life Healthcare CEO, Shrey Viranna joins Business Day TV to discuss the company's deal with Radiant Life and what this means for its core operations in South Africa, the UK, Poland and Western Europe..

Tiger Brands set to bounce back in 2019

Tiger Brands, which lost R1.4bn in revenue in financial 2018 due to listeriosis, looks set to bounce back from the deadly outbreak, with revenue and earnings to rise steadily in the next three years, according to brokerage firm Arqaam Capital.  In 2018, the owner of the Koo, Oros and Tastic brands was preoccupied with the consequences of listeriosis, which killed more than 200 people.

UPDATE 2-FTSE 100 up on China stimulus hopes, mid-caps slip ahead of Brexit vote

* FTSE 100 up 0.1 pct; FTSE 250 down 0.1 pct * Investors await key Brexit deal vote * Financials top support to main index * Provident Financial sinks after profit alert * Small-cap Flybe tanks (Adds analyst comment, sterling, updates share moves) Jan 15 (Reuters) - Britain's FTSE 100 edged up on Tuesday on hopes Beijing will take steps to stabilise a slowing economy, but mid-caps slipped as investors remained cautious ahead of a crunch vote on British Prime Minister Theresa May's Brexit plan.

Another blow for Wiese as Brait shares tank on New Look deal

JOHANNESBURG — Body blows continue to come Christo Wiese's way as a debt swap deal for New Look sparked a sell-off in Brait shares this week. Wiese - who is currently suing Steinhoff for R50bn after losing more than R2bn amid the Stellenbosch company's meltdown - has a 35% stake in Brait and this week Brait's share price plunged around 20% at one point amid the New Look agreement. Part of Brait's woes is compounded by Brexit which is having a huge toll on retailers in the UK.

Uganda's president ‘astonished' MTN charged less for telecom licence renewal

The policy compels telecom operators to invest in infrastructure to guarantee high quality voice calls. Uganda's President Yoweri Museveni has criticised the telecommunications regulator after it slashed MTN Uganda's fee for renewing its telecoms licence, according to a letter seen by Reuters. Local media reported on Tuesday that the Uganda Communications Commission (UCC) had decided to charge MTN Uganda, which is owned by South Africa's MTN Group, $58 million to renew its licence for 10 years, instead of $100 million originally set for the renewal.

Curro Holdings celebrates an outstanding 2018 academic year

: All roads led to the Emperors Palace Convention Centre in Johannesburg last Saturday as Curro learners from across the country attended South Africa's biggest JSE-listed independent education provider's annual Matric Gala Awards. The awards celebrated Curro Holdings' top achievers during the 2018 academic year, both for Independent Education Board (IEB) and National Senior Certificate (NSC) examinations. 2018 was an exceptional year for Curro Holdings' IEB schools, with an overall pass rate of 99.

Swiss watchmakers brace for slowing Chinese demand

(Repeats story first published on Monday) * Watch, luxury brands rely on Chinese clients for growth * Hublot, H. Moser among brands seeing signs of slowing demand * But mainland China seen holding up as tourist spending wanes * SIHH trade fair in Geneva runs until Jan. 17 By Silke Koltrowitz and Sarah White GENEVA, Jan 14 (Reuters) - Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.

Uganda's president "astonished" MTN charged less for telecom licence renewal

KAMPALA, Jan 15 (Reuters) - Uganda's President Yoweri Museveni has criticised the telecommunications regulator after it slashed MTN Uganda's fee for renewing its telecoms licence, according to a letter seen by Reuters. Local media reported on Tuesday that the Uganda Communications Commission (UCC) had decided to charge MTN Uganda, which is owned by South Africa's MTN Group, $58 million to renew its licence for 10 years, instead of $100 million originally set for the renewal. MTN Uganda is the country's biggest telecoms operator.

EMERGING MARKETS-Emerging market stocks hit near six-week top on China stimulus signals

* Asian stocks rise on signals of further Chinese stimulus * Yuan can be kept stable despite stimulus - PBOC official * Turkish lira soft, data shows uptick in unemployment * Yield on J.P. Morgan's GBI-EM index lowest since May By Aaron Saldanha Jan 15 (Reuters) - Emerging market stocks rose on Tuesday, helped by Chinese shares clocking their best day in a week and a half on signs of more stimulus, while developing world currencies broadly firmed against a soft dollar ahead of Britain's parliamentary vote on Brexit.

Distell says launching new premium wine company

JOHANNESBURG, January 15 (ANA) - Africa's leading wines and spirits producer and marketer Distell said on Tuesday it was launching Libertas Vineyards and Estates as a new stand-alone company with ownership of all its premium brands. ANA NEWS WIRE Disclaimer: The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality. ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video.

Distell to launch new premium wine company

Africa's leading wines and spirits producer and marketer Distell said on Tuesday it was launching Libertas Vineyards and Estates as a new stand-alone company with ownership of all its premium brands. The move is a significant shift from Distell's previous approach where premium wines were managed as a division within the global company's multi-category portfolio, said Libertas Vineyards and Estates managing director Kay Nash. The portfolio of brands includes Alto, Nederburg, Durbanville Hills, Plaisir de Merle, Pongrácz, Fleur du Cap, and Allesverloren and as well as the unique heritage assets of Chateau Libertas, Zonnebloem, and the Tabernacle.

Warriors have work cut out to reel Cobras in

Rory Kleinveldt and Jason Smith struck with bat and ball as the World s Betting Cape Cobras fought back well during the second half of day one of their latest 4-Day Domestic Series assignment against the Warriors in Cape Town on Monday. The pair shared a crucial 75-run stand that rescued the log leaders from a limp 132 for seven to post 239 all out at PPC Newlands. The pair then nabbed a wicket apiece as the visitors were pegged back to 60 for three by stumps on a busy opening day.

Here's why you might want to watch the DRC election

More than 60% of the world's supply of cobalt is mined in the Congo The Democratic Republic of Congo's 30 December election has attracted a lot of attention from the international community as the nation looks set to have its first peaceful transition of power since gaining independence from Belgium in 1960. The front-runners were Martin Fayulu, Emmanuel Ramazani and Felix Tshisekedi. Fayulu was seen as a favorite to win the presidential poll after emerging as the opposition's pick to contest against Kabila's Ramazani.

JSE joins Asian market recovery, even as Brexit vote looms

Resilience on global markets has raised hopes that the performance of equities this month is more than just a correction The JSE was firmer on Tuesday morning, erasing Monday's losses, amid some hopes that global markets are ticking higher after a torrid December. Activity on US markets recently, as well as emerging-market resilience, has indicated the performance of risk assets in January may be more than just a correction from last month, analysts said. Sentiment has in recent weeks been boosted by positive US-China trade-war developments, as well as a dovish tone emanating from the US Federal Reserve.

Top consumer/business trends in aviation for 2019

Using Air France-KLM (AFKLM) and its performance, as a global airline, as a benchmark against which we measure consumer and business trends, to see where we are today and where we are going, I think it's good to understand where it all started. The longevity of the KLM brand, and of AFKLM as a group, is a direct result of the alliances we formed in the past. North West and KLM were the first to build a Joint Venture (JV) over the North Atlantic, that was the model on which the current JV between Delta, Air France and KLM was built.

Business Intelligence Analyst

A prestigious company is looking for a to join their driven team and ensure that data storage structures produce fast data solutions to solve business challenges. The ideal candidate needs business acumen and experience in data analysis, data warehousing and BI software. You will be joining an exciting, but high-pressure environment!  Qualification: Matric (essential)Degree/ National Diploma in IT, Analytics or relevant field  Skills & Experience: Minimum 5 years' experience in business and data analysisMinimum 3 years' experience on BI and warehousing projects supporting CRMAnalytical language experience e.

Resolutions to help your business rock

CAPE TOWN - New Year's resolutions are a tradition to either start something good or stop a bad habit as a means to better your life in the coming year. In this sense, entrepreneurs should take this opportunity to not only improve their personal lives, but examine and implement ways to improve their businesses this year.  Whether 2018 was your best year of business yet or one you'd rather forget, any successful entrepreneur will know that there is always space for improvement and business growth.

EMERGING MARKETS-Emerging market stocks hit near six-week top on China stimulus signals

* Asian stocks rise on signals of further Chinese stimulus * Yuan can be kept stable despite stimulus - PBOC official * Turkish lira soft, data shows uptick in unemployment * Yield on J.P. Morgan's GBI-EM index lowest since May By Aaron Saldanha Jan 15 (Reuters) - Emerging market stocks rose on Tuesday, helped by Chinese shares clocking their best day in a week and a half on signs of more stimulus, while developing world currencies broadly firmed against a soft dollar ahead of Britain's parliamentary vote on Brexit.

UPDATE 1-Russia's Sovcomflot IPO hobbled by weak freight markets -CEO

(Adds detail, quote) By Oksana Kobzeva MOSCOW, Jan 15 (Reuters) - Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO). The Russian government has weighed a listing of Sovcomflot for years as part of broader privatisation plans, but obstacles ranging from weak markets to international sanctions placed on Russians over Moscow's role in Ukraine crisis have prevented an IPO. The Russian economy ministry has said it had hoped to raise 24 billion roubles ($358 million) from the sale of a stake in Sovcomflot.

Stocks jump as China plans tax cut; pound edges up: markets wrap

Investors must also factor in corporate earnings as the results season gets underway. Stocks rallied across Europe and Asia and US futures jumped on signs China is stepping up efforts to combat an economic slowdown. The pound edged up as UK politicians prepared for a crunch vote on Brexit.

Video: How WhatsApp for Business helps small business owners

WhatsApp for Business is an Android app that has more advanced functionality than normal Whatsapp and includes the following business settings: Profile Settings (location, opening times, website, email address, etc.) Statistics (sent, delivered, read and received) Short Link (a sharable short link that pre-populates a message to your business's WhatsApp) Messaging Settings (allows you to set an away message, greeting message and quick replies) The majority of the tools focus on helping small business owners to automate, sort and quickly respond to messages. To summarise the additional functionalities that WhatsApp for Business has, D.

Britain's Savills sees Brexit-fuelled drop in some markets

(Adds details on outlook) Jan 15 (Reuters) - UK-based real estate services provider Savills said on Tuesday it expects lower transaction volumes in some markets this year because of Brexit-related uncertainties. Despite tough macro-economic and political uncertainties, the company said it sees 2018 results in line with its expectations. Savills said its UK commercial transaction and residential businesses performed well in 2018, buoyed by strong demand and continued investment interest.

GLENCORE PLC - GLN: Transactions In Own Shares-14 January 2019

Wrap Text GLN: Transactions In Own Shares-14 January 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 15 January 2019 Transactions in own shares-14 January 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 14 January 2019 Aggregate number of ordinary shares of USD 0.

INVESTEC PROPERTY FUND LIMITED - Interest Rate - IPF25

Wrap Text Interest Rate - IPF25 Investec Property Fund Limited Stock Code: IPF25 ISIN Code: ZAG000154717 Interest Rate Announcement in relation to the floating rate note IPF25 for the interest period 15 January 2019 up to and including 14 April 2019. Notice is hereby given that the Interest Rate, being the 3 month JIBAR rate of 7.15% plus 1.

RESILIENT REIT LIMITED - RES36 - Interest Payment Notification

Wrap Text RES36 - Interest Payment Notification Resilient REIT Limited (Incorporated in the Republic of South Africa) (Registration No. 2002/016851/06) Company code: BIRPIF (Approved as a REIT by the JSE) Bond code: RES36 ISIN: ZAG000140062 ("Resilient") INTEREST PAYMENT NOTIFICATION Bondholders are advised of the following interest payment due 21 January 2019: Bond code: RES36 ISIN: ZAG000140062 Coupon: 8.805% Interest period: 22 October 2018 to 20 January 2019 Interest amount due: ZAR 10 135 326.

SIBANYE GOLD LIMITED - Lonmin/Sibanye-Stillwater - Extension of Longstop Date to 30 June 2019

Wrap Text Lonmin/Sibanye-Stillwater - Extension of Longstop Date to 30 June 2019 SIBANYE GOLD LIMITED Trading as Sibanye-Stillwater Registration Number 2002/031431/06 Incorporated in the Republic of South Africa Share Code: SGL ISIN Code: ZAE000173951 Issuer Code: SGL ("Sibanye-Stillwater" or "the Company" or "the Group") Lonmin Plc (Incorporated in England and Wales) (Registered in the Republic of South Africa under registration number 1969/000015/10) JSE code: LON Issuer Code: LOLMI & ISIN : GB00BYSRJ698 ("Lonmin") LEI: 213800FGJZ2WAC6Y2L94 Recommended all-share offer for Lonmin by Sibanye-Stillwater: Extension of Longstop Date to 30 June 2019 Johannesburg, 15 January 2019. On 14 December 2017, the Boards of Sibanye-Stillwater and Lonmin announced that they had reached agreement on the terms of a recommended all-share offer pursuant to which Sibanye-Stillwater, and/or a wholly-owned subsidiary of Sibanye- Stillwater, would acquire the entire issued and to be issued ordinary share capital of Lonmin (the "Offer"). The terms of the Offer are expressed to be conditional upon the Scheme becoming unconditional and effective by no later than the Longstop Date, being 28 February 2019 or such later date as Sibanye-Stillwater and Lonmin may, with the consent of the Panel, agree (and, if required, the Court may allow).

SIBANYE GOLD LIMITED - Sibanye-Stillwater receives notice for Secondary strike from AMCU

Wrap Text Sibanye-Stillwater receives notice for Secondary strike from AMCU Sibanye Gold Limited Trading as Sibanye-Stillwater Incorporated in the Republic of South Africa Registration number 2002/031431/06 Share code: SGL ISIN - ZAE000173951 Issuer code: SGL ("Sibanye-Stillwater" or "the Group" or "the Company") Sibanye-Stillwater receives notice for Secondary strike from AMCU Johannesburg, 15 January 2019. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) confirms that it has received notice from the Association of Mineworkers and Construction Union (AMCU), that it intends to embark on a secondary, protected strike at Sibanye-Stillwater's South African Platinum Group Metals (PGM) operations, starting from morning shift on Tuesday, 22 January 2019. In terms of the Labour Relations Act (LRA), Act 66 of 1995, secondary strikes are permissible in support of a protected strike, but within constrained parameters and such strikes are not automatically lawful or reasonable and as such legal advice will be sought.

SIBANYE GOLD LIMITED - Notification of an acquisition of beneficial interest in securities

Wrap Text Notification of an acquisition of beneficial interest in securities Sibanye Gold Limited Trading as Sibanye-Stillwater Incorporated in the Republic of South Africa Registration number 2002/031431/06 Share code: SGL ISIN - ZAE000173951 Issuer code: SGL ("Sibanye-Stillwater" or "the Group" or "the Company") Notification of an acquisition of beneficial interest in securities Johannesburg, 15 January 2019: In accordance with section 122(3)(b) of the Companies Act 71 of 2008 (the Act), Regulation 121(2)(b) of the Companies Act Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) has received formal notification that Investec Limited has, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest held by Investec Limited amounts to 5.0393% of the total issued shares of the Company.

Britain's Savills sees Brexit-fuelled decline in some markets

Jan 15 (Reuters) - UK-based real estate services provider Savills said on Tuesday it expected a decline in transaction volumes in some markets this year due to Brexit-related uncertainties. The company expects its 2018 results to be in line with its expectations despite tough macro-economic and political uncertainties. Britain's property market has lost some of its sheen since the Brexit vote, which led to increased uncertainty among investors.

OPINION: South African fintech in 2019: What can we expect?

OPINION: South African fintech in 2019: What can we expect? PERSONAL FINANCE / 14 JANUARY 2019, 4:45PM / DOMINIQUE COLLETT Share on FacebookShare on TwitterShare on LinkedInTell a Friend File image: Bitcoin. (IOL). Here are a few fintech predictions for 2019 based on what we are seeing with our members at AlphaCode which closely track international trends in this space.

PTM pays $8m to Liberty Metals after sale of RBPlat shares

David McKay - January 14, 2019 PLATINUM Group Metals (PTM), the Toronto-listed minerals development company, said it had paid $8m to Liberty Metals & Mining Holdings on January 11 in part payment of a loan provided to the company. The $8m was paid out of the net proceeds from the sale of 4.52 million shares in Royal Bafokeng Platinum (RBPlat).

Ivanka Trump to help select candidate to lead World Bank

While she is not in the running herself, as reports suggested, she will help manage the selection process given her two years' working experience with the bank Washington — Ivanka Trump will help manage the Trump administration's selection of a US candidate for the position of World Bank president, a White House official said on Monday. The official, who spoke on condition of anonymity because the process is not public, dismissed a report in the Financial Times that floated Ivanka's name as a possible candidate and was repeated by several other media outlets over the weekend. Treasury secretary Steven Mnuchin and White House chief of staff Mick Mulvaney "have asked Ivanka Trump to help manage the US nomination process as she's worked closely with the World Bank's leadership for the past two years," the official said.

No currency, just a currency crisis: Zimbabwe's woes deepen

Not having a currency of its own hasn't stopped Zimbabwe from sliding into a currency crisis. A scarcity of foreign exchange has led to long queues for petrol, bread and medicine and sent prices surging across the southern African country. Police clashed with protesters in the capital, Harare, on Monday as the main trade-union group started a strike after the government more than doubled petrol prices to $3.

Fuel price protests in Zimbabwe turn deadly

Several people were killed and some 200 arrested during protests in Zimbabwe on Monday, the government said, two days after it raised the price of fuel in an attempt to tame the worst economic crisis in a decade. Police fired tear gas in the capital Harare and second city Bulawayo where protesters barricaded roads, burned tyres and chanted songs against President Emmerson Mnangagwa , who put up fuel prices in the hope of easing a currency shortage. Security minister Owen Ncube said some people died at the protests, but gave no further details.

Zimbabwe Violent Protests Rages On

Zimbabweans are burning tires in the streets of Harare in protest of the massive fuel price increase 2 days ago. Several people were killed and some 200 arrested during protests in Zimbabwe on Monday, the government said, two days after it raised the price of fuel in an attempt to tame the worst economic crisis in a decade. Police fired tear gas in the capital Harare and second city Bulawayo where protesters barricaded roads, burned tires and chanted songs against President Emmerson Mnangagwa, who put up fuel prices in the hope of easing a currency shortage.

Helios Towers enters SA market

Helios Towers has entered the South African market through a partnership with Vulatel, saying it "expects to make major greenfield wireless and fixed-line telecoms infrastructure investments in South Africa". The independent telecoms tower infrastructure company said the agreement with Vulatel will create a South African infrastructure platform, Helios Towers South Africa (HTSA), which will build out wireless and fixed line open-access infrastructure in South Africa. As a leading independent tower company, with over 6 500 towers in Tanzania, the Democratic Republic of Congo (DRC), Ghana and Congo Brazzaville, Helios Towers has long considered South Africa an attractive opportunity due to its economic growth, population demographics and demand for advanced telecommunications services.

WATCH: Rand edges stronger against the dollar

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - The rand edged stronger against the greenback during European trade yesterday according to NKC Research.  The South African currency came under pressure early in the session, as a contraction in Chinese exports dampened demand for emerging-market assets. However, a resilient performance by the rand late in the day saw the local currency recover most of its earlier losses.

Monster gold-mining deals pile pressure on those left behind

But the two new mega companies will be putting plenty of assets up for sale, leaving lots of room for dealmaking for those who have so far missed out Mark Bristow's tenure as boss of the world's biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed. "Holy camoly, I missed out on a great opportunity!" is how Bristow described anyone not involved in Barrick Gold's purchase of Randgold Resources in September. With Newmont Mining poised to become the world's largest producer through a $10bn takeover of Goldcorp announced on Monday, the pressure on those left behind will be even greater.

Minister deletes tweet attacking Vodacom

The minister's original tweet was in response to a Vodacom reply on Twitter. Communications minister Stella Ndabeni-Abrahams. Photo: GCIS NATIONAL NEWS - Communications minister Stella Ndabeni-Abrahams appears to have deleted a tweet in which she told Vodacom to "shut up", accusing the mobile operator of a "poor PR stunt" related to its "settlement" with former employee Nkosana Makate.

Mnangagwa defends fuel price hike as deadly protests rage on

Zimbabwe is going through both reforms and these do not come easily, said Zimbabwe's president Emmerson Mnangagwa. Harare - Several people were killed and some 200 arrested during protests in Zimbabwe on Monday, the government said, two days after it raised the price of fuel in an attempt to tame the worst economic crisis in a decade. Police fired tear gas in the capital Harare and second city Bulawayo where protesters barricaded roads, burned tyres and chanted songs against President Emmerson Mnangagwa, who put up fuel prices in the hope of easing a currency shortage.

Minister deletes tweet attacking Vodacom

The minister's original tweet was in response to a Vodacom reply on Twitter. Communications minister Stella Ndabeni-Abrahams. Photo: GCIS NATIONAL NEWS - Communications minister Stella Ndabeni-Abrahams appears to have deleted a tweet in which she told Vodacom to "shut up", accusing the mobile operator of a "poor PR stunt" related to its "settlement" with former employee Nkosana Makate.

Mnangagwa defends fuel price hike as deadly protests rage on

Zimbabwe is going through both reforms and these do not come easily, said Zimbabwe's president Emmerson Mnangagwa. Harare - Several people were killed and some 200 arrested during protests in Zimbabwe on Monday, the government said, two days after it raised the price of fuel in an attempt to tame the worst economic crisis in a decade. Police fired tear gas in the capital Harare and second city Bulawayo where protesters barricaded roads, burned tyres and chanted songs against President Emmerson Mnangagwa, who put up fuel prices in the hope of easing a currency shortage.

Amcu threatens to shut down Sibanye amid deadlocked wage negotiations

Form here The Association of Mineworkers and Construction Union (Amcu) is threatening to bring all operations at Sibanye-Stillwater to a complete stand still if company CEO Neal Froneman does not heed workers' demands. Amcu president Joseph Mathunjwa is accusing Froneman of displaying arrogance during negotiations for a better living wage. The union has indicated its intention to embark on secondary strike action at Sibanye's platinum operations in Rustenburg.

Monster gold-mining deals pile pressure on those left behind

Mark Bristow's message for smaller rivals just got even more pointed. Mark Bristow's tenure as boss of the world's biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed. "Holy camoly, I missed out on a great opportunity!" is how Bristow described anyone not involved in Barrick Gold's purchase of Randgold Resources in September.

Child's body found in Umkomaas River

The body of a nine-year-old boy was found in the Umkomaas River by police divers on Sunday, 13 January. Members of Port Shepstone SAPS recovered the body after K9 officers pinpointed the location of the body. An inquest docket has been opened.

No currency, just a currency crisis: Zimbabwe's woes deepen

Stress spreads to financial markets, with locals piling into equities to hedge against price increases. Not having a currency of its own hasn't stopped Zimbabwe from sliding into a currency crisis. A scarcity of foreign exchange has led to long queues for fuel, bread and medicine and sent prices surging across the southern African country.

Sunshine Ladies Tour events to return to South Coast

Two Sunshine Ladies Tour events will once again be held on the South Coast in 2019. Another bumper season awaits the leading lights of South African women's golf, and international participants from around the globe, when the Sunshine Ladies Tour tees off in January. The Sunshine Ladies Tour then swings through the South Coast for the South African Women's Masters at San Lameer Country Club from 21-23 February and the SuperSport Ladies Challenge, presented by Sun International, at the Wild Coast Sun Country Club from 26-28 February.

LETTER: Nonprofits smeared

By writer's reasoning, malfeasance at Steinhoff and KPMG means the entire SA corporate and professional sector is part of culture of corruption David Loxton's disgraceful article (, January 14) cannot go unanswered. Signing himself as the CEO of Loxton Attorneys, he speaks of the "prevalence of corruption" among non-profit organisations (NPOs) in SA. He cites but one example, a "high-profile children's charity", where none of the equipment received from various donors actually made it to the charity's premises.

Helios Towers enters SA market

Helios Towers has entered the South African market through a partnership with Vulatel, saying it "expects to make major greenfield wireless and fixed-line telecoms infrastructure investments in South Africa". The independent telecoms tower infrastructure company said the agreement with Vulatel will create a South African infrastructure platform, Helios Towers South Africa (HTSA), which will build out wireless and fixed line open-access infrastructure in South Africa. As a leading independent tower company, with over 6 500 towers in Tanzania, the Democratic Republic of Congo (DRC), Ghana and Congo Brazzaville, Helios Towers has long considered South Africa an attractive opportunity due to its economic growth, population demographics and demand for advanced telecommunications services.

Asian markets resume uptrend as pound rallies ahead of vote

Asian markets on Tuesday rebounded from the previous day's sharp losses but investors remain wary of any further sign of weakness in the global economy while the pound extended gains ahead of a crunch Brexit vote later in the day. China's disappointing trade data on Monday sent shivers through trading floors as it showed the long-running US tariffs row is beginning to bite. But dealers got back on the horse, resuming last week's rally that was fuelled by optimism that Beijing and Washington will eventually resolve their differences and the Federal Reserve will pause in raising interest rates.

Markets LIVE: Asian markets rebound, May heading for Brexit vote defeat

Moody's: SA's future looks brighter - if it can keep the lights on Gradually improving growth prospects across sub-Saharan Africa means 15 of 21 sovereigns rated by Moody's have a stable outlook, versus six with a negative outlook - but the region's major economies, including SA, still face substantial risks. According to the report, SA has a more stable outlook going into 2019, thanks to a gradual strengthening of institutions and increasing transparency..

GLOBAL MARKETS-Asia shares up on hopes for China stimulus, Brexit vote awaited

* Asian shares recoup early losses as cyclicals gain * Spreadbetters expect European stocks to open higher * China policymakers signal supportive measures * Pound off 2-month high ahead of UK parliament vote * Sterling implied volatilities lower compared to 2016 referendum By Hideyuki Sano TOKYO, Jan 15 (Reuters) - Asian stocks rose on Tuesday, supported by a bounce in Chinese shares amid hopes for government stimulus, while sterling braced for the vote in parliament over the British government's plan to exit the European Union. The odds look stacked against Prime Minister Theresa May winning approval for her deal. Voting is expected to start about 1900 GMT Tuesday.

Markets react to #ANC manifesto

South African ruling party, the African National Congress, took to the stands of the Moses Mabhida Stadium last week to announce their set of promises and goals in the party Manifesto. Joining CNBC Africa to give analysis is Peter Montalto, Head, Capital Markets Research, Intellidex..

WATCH: Life Healthcare sells stake in Indian hospital group

Life Healthcare has finally managed to sell its close to 50% stake in India's Max Healthcare. After months of negotiating, the company struck a purchase deal with Radiant Life Care Private which is still subject to approval by Indian authorities. Life Healthcare's CEO Shrey Viranna joins us on the line to discuss what this move means for its core operations in SA, the UK, Poland and Western Europe.

Brait shares down 21% on New Look plan

Brait's share price shed 21.48 percent after IT announced that its struggling subsidiary, New Look, had agreed in principle to a restructuring deal..

Brait shares down 21% on New Look plan

Brait's share price shed 21.48 percent after IT announced that its struggling subsidiary, New Look, had agreed in principle to a restructuring deal. Photo: Bloomberg DURBAN - Brait's share price shed 21.

All the Threats You Need to Insure Your Business Against this Year

Business owners who are planning for the year ahead should not overlook the importance of reviewing their insurance policies to ensure they are adequately covered against insurable risks. Malesela Maupa, Head of Product and Insurer Relationships at FNB Insurance Brokers says, every year businesses face unique challenges ranging from credit and market risks, technological disruptions, compliance, operational and regulatory risks, amongst others. As a matter of precaution, insurance policies should at least be reviewed or updated once a year.

Zim president on a five- nation business tour

In the midst of the protests, Zimbabwe's president Emmerson Mnangagwa is in Russia, beginning a five-nation tour which will end next week at the World Economic Forum in Davos, Switzerland. He's trying to drum up business, especially in mining and agriculture. Our Moscow Correspondent Lucy Taylor was at the airport for the president's arrival last night.

LIVE: GLOBAL BUSINESS 18GMT 14/01/19

LIVE: #GlobalBusiness 18GMT Time now for Ramah Nyang' to give you the day's business news. Among the stories making headlines today include; Fuel prices more than double in Zimbabwe sparking countrywide riots. A storm in Somalia over plans to have a foreigner head the central bank.

Is a Smartphone credit card reader right for your small business?

What do you need to get started? You'll need the right equipment to take advantage of this technology for your small business in Amanzimtoti In addition to your smartphone, you'll need a credit card reader peripheral (most attach to your phone via the headphone port); an app to handle things like taxes, tips and receipts, and a service provider to get the payments from your phone to your bank. Mobile payment services, apps and smartphone credit card readers are available for most major phone models. In most cases, the card reader and app are free, with the service making its money off the fees.

How to prepare your business for the workforce of the future

PwC says technology is seen as the most radical driver of change in preparing for tomorrow's workforce, while diversity and demands for equality are also reshaping the workplace. Olusola Adewole, Director for People and Change at PwC Nigeria joins CNBC Africa to discuss how organisations should prepare for the future workforce. https://www.

No currency, just a currency crisis: Zimbabwe's woes deepen

(Bloomberg) -- Not having a currency of its own hasn't stopped Zimbabwe from sliding into a currency crisis. A scarcity of foreign exchange has led to long queues for fuel, bread and medicine and sent prices surging across the southern African country. Police clashed with protesters in the capital, Harare, on Monday as the main trade-union group started a strike after the government more than doubled gasoline prices to $3.

GLOBAL MARKETS-China shares prop-up Asia on stimulus hopes, sterling braces for Brexit plan

* Asian shares recoup earlier losses as cyclicals gain * China policymakers signal supportive measures * Pound off 2-month high ahead of UK parliament vote * Sterling implied volatilities lower compared to 2016 referendum By Hideyuki Sano TOKYO, Jan 15 (Reuters) - Asian stocks pulled ahead on Tuesday, led by a bounce in Chinese shares as Beijing signalled more supportive measures to stabilise a slowing economy, while the British pound braced for a showdown in parliament over the government's Brexit plan. Tokyo's Nikkei rose 0.55 percent to 20,474 after a market holiday on Monday while MSCI's broadest index of Asia-Pacific shares outside Japan recovered from early losses and advanced 0.

DEALTALK-Eyes on Newcrest as gold dealmaking heats up

(For more Reuters DEALTALKS, click on) (Adds fund manager comments on Newcrest, paras 7-10) By Nichola Saminather TORONTO, Jan 14 (Reuters) - Two recent large M&A deals in the gold sector have prompted speculation that Newcrest Mining , Kinross Gold Corp and B2Gold Corp may be among the next gold companies to combine with a rival, bankers and analysts said. On Monday, Newmont Mining announced a $10 billion takeover of Goldcorp Inc, close on the heels of Barrick Gold's purchase of Randgold Resources. Deal-making had largely been dormant in the gold sector in recent years, as companies focused on cutting costs amid investor criticism of inadequate management of capital.

GLOBAL MARKETS-Asian shares on defensive, sterling braces for Brexit vote

* Weak China trade data gives markets reality check * Pound off 2-month high ahead of UK parliament vote * Sterling implied volatilities lower compared to 2016 referendum By Hideyuki Sano TOKYO, Jan 15 (Reuters) - Asian shares were on back foot on Tuesday as an unexpected drop in China's exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government's Brexit plan. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade while Japan's Nikkei fell 0.7 percent after a market holiday on Monday.

PRESS DIGEST- British Business - Jan 15

Jan 15 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Four former senior Barclays Plc bankers have appeared in court to deny fraud during the 2008 financial crisis.

New debt plan for Brait's New Look

New debt plan for Brait's New Look Published Date: 2019-01-15 | Source: Stephen Gunnion | Author: Stephen Gunnion | Comments Brait's equity holding will be between 18% and 30%, while a haircut on its Senior Structured notes will reduce its NAV/share. New Look has announced a restructuring of its large debt pile, which it says has been hindering its ability to accelerate a turnaround of its operations. The UK women's fashion chain, owned by Brait, will slash debt from £1.

What the US Government is doing to the Economy

ETFs Interviews Just Share Press Releases Section 12J Section 12J - 670 | TBI Podcasts by CliffCentral Simply Finance Unit Trusts What the US Government is doing to the Economy Published Date: 2019-01-15 | Source: Podcasts by CliffCentral | Author: Seleho Tsatsi | Comments There's heavy competition in the smartphone market, this is what Seleho Tsatsi explains as profit warnings continue, as he stands in for Anthea. Find out how the US earnings season, Chinese auto sales and the US government shutdown are doing. It was a big week for Jeff Bezos as he announced his divorce.

Zapiro: Dirty Manyi

ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH. The launch of the ANC's election manifesto is a moment to examine several aspects of our society. The party, still, has the biggest network of people on the ground.

DEALTALK-Newcrest in focus as gold dealmaking heats up

TORONTO, Jan 14 (Reuters) - Two recent large M&A deals in the gold sector have prompted speculation that Newcrest Mining , Kinross Gold Corp and B2Gold Corp may be among the next gold companies to combine with a rival, bankers and analysts said. On Monday, Newmont Mining announced a $10 billion takeover of Goldcorp Inc, close on the heels of Barrick Gold's purchase of Randgold Resources. Deal-making had largely been dormant in the gold sector in recent years, as companies focused on cutting costs amid investor criticism of inadequate management of capital.

UK retailer New Look's debt plan hits shares in parent Brait

* New Look agrees debt-for-equity swap * Plan will cut debt by 1 billion pounds * Parent firm Brait's shares fall more than 20 pct (Recasts, adds Brait share price, trader quote, detail, bullets) By James Davey and Emma Rumney LONDON/JOHANNESBURG, Jan 14 (Reuters) - Shares in South African investment firm Brait plunged more than 20 percent on Monday after its British fashion chain New Look announced a deal with creditors to cut 1 billion pounds ($1.3 billion) off its debts, in its latest turnaround attempt. The deal, including a debt for equity swap, will see Brait's stake fall from around 90 percent to between 18 and 30 percent.

Shamila Batohi bears the weight of bringing accountability back to the land

This promises to be an important year for the legal system and in some cases will call for out-of-the-box thinking. For starters, in 2019 two appointments to the Constitutional Court will have to be made now that interviews for the vacancies have been set down in April by the Judicial Service Commission (JSC). Once the JSC has provided five names, President Cyril Ramaphosa will have his first opportunity to make the two appointments to our highest court.

Nersa hears calls for end to business as usual at Eskom

As the National Energy Regulator of South Africa (Nersa) on Monday began public hearings on Eskom's tariff increase application, pressure group SAFCEI suggested that the utility was not playing open cards on its costs in order to perpetuate its reliance on coal-fired plants. The South African Faith Communities Environment Institute's (SAFCEI) Liz McDaid said she believed Eskom was under selling the cost of generating coal-based power, by not fully declaring all cost factors involved in its plants in its motivation for an annual 15-percent price hike. In contrast, it was stating all costs involved in renewable energy, creating a slant towards the status quo of coal reliance.

Swiss watchmakers brace for slowing Chinese demand

Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday. Photo: Reuters Investors are on edge over a softening economic backdrop in China, and weak Chinese trade data on Monday sent shares in luxury goods companies that rely heavily on Chinese customers tumbling. Some brands like Parmigiani, owned by the Sandoz Family Foundation and which makes around 3,000 pieces a year, with average prices at 35,000 Swiss francs (£27,665), said they believed it was still a good time to invest in China.

Brait's New Look debt-for-equity plan sparks selloff

Christo Wiese's investment holding company plans to cut its holding in the UK clothing chain to as low as 18% by paying creditors with shares Less than four years after buying a 90% stake in UK fashion chain New Look for more than R14bn, investment group Brait has agreed to a bail-out deal with creditors that will see it owning no more than 18%. News of the debt swap, which will reduce New Look's debt to £350m (R6.2bn) from £1.

JAB chair Bart Becht steps down amid executive shake-up

London — JAB Holding, the private owner of coffee and restaurant businesses including Keurig Dr Pepper and Pret A Manger, will bring in three new executives as chair Bart Becht retires. Becht, a consumer industry veteran and former CEO of Reckitt Benckiser will retire this year, JAB, controlled by the billionaire Reimann family, said on Monday, without giving a date. "After almost 40 years in the branded consumer business, I have decided it is time to refocus my activities and retire," Becht said in a statement.

Logging in to your bank account is now a $3bn business

When you link your checking account to Venmo or use it to buy Bitcoins, a startup called Plaid is likely facilitating the connection with your bank. You punch in your user name and password; Plaid checks those credentials with the financial institution and if they're accurate, passes banking information back to the app. That's it.

Helios Towers earmarks R1.4-billion for SA infrastructure investment

Helios Towers CEO Kash Pandya, left, with Vulatel CEO Tlhabeli Ralebitso Helios Towers has earmarked US$100-million (about R1.4-billion) for spending on telecommunications infrastructure in South Africa in the next three to four years. The company's CEO, Kash Pandya, revealed this figure in an interview with TechCentral on Monday after announcing it was setting up shop in South Africa in partnership with the black-owned telecoms specialist Vulatel.

Andrea Quaye shares her thoughts on the #BeChampion campaign

The Vice-President of Marketing for Anheuser-Busch Inbev, Andrea Quaye shares her thoughts about the special edition BONA Man #BeChampion issue. Andrea Quaye shares her thoughts about BONA Man #BeChampion W e are proud to have a long association with positive masculinity and we are the most awarded beer in the country. Therefore, our advertising must always do justice to the quality of our product, and the aspirations of our consumers.

Markets react to #ANC manifesto

South African ruling party, the African National Congress, took to the stands of the Moses Mabhida Stadium last week to announce their set of promises and goals in the party Manifesto. Joining CNBC Africa to give analysis is Peter Montalto, Head, Capital Markets Research, Intellidex.... The post appeared first on CNBC Africa .

South African-based start-up partners with Ubersmith Subscription Business Software

Andrew Cruise, managing director of Routed Routed, a vendor-neutral cloud infrastructure provider in South Africa, signed an expansion agreement to take further advantage of subscription business management software from Ubersmith, an INAP company, to further enable its growth. The company is a model of efficiency using the Ubersmith software suite to automate pay-per-use billing to reduce the chance of mistakes in a manual process, as well as centralize customer information including client contracts. It bills clients on a pay-per-use model and sells its solutions through partners, such as internet service providers (ISPs) and managed service providers (MSPs).

UPDATE 1-Energy group Orsted halts power business divestment

(Adds comment from Danish opposition leader) COPENHAGEN, Jan 14 (Reuters) - Energy group Orsted said Monday it would halt the sale process of its Danish power distribution business after it became clear there was no longer political support for a divestment. Orsted, 50.1 percent owned by the Danish state, said on Sunday the finance ministry had told it there was no longer political support for continuing the divestment of its power distribution and residential customer businesses.

APO AFRICA Podcast - Business Extra: How Africa will shape and be shaped by aviation

Download logo By Mustafa Alrawi: A fast-growing Africa could change the face of the aviation industry and the continent's rising demand for aviation could also lift Africa's economic prospects in the future. The National's Assistant Editor in Chief Mustafa Alrawi speaks to Hassan El-Houry Group CEO - National Aviation Services (http://www.NAS.

REDEFINE PROPERTIES LIMITED - Interest payment: RDFC45

Release Date: 14/01/2019 16:00 Code(s): RDFC45 Wrap Text Interest payment: RDFC45 REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration no: 1999/018591/06) Company code: BIRDF (Approved as a REIT by the JSE) INTEREST PAYMENT: RDFC45 In accordance with the terms and conditions of the R30 000 000 000 Domestic Medium-Term Note Programme dated 23 August 2018, noteholders are advised of the following information in respect of interest payment: Bond code: RDFC45 ISIN: ZAG000154766 Interest period: 16 October 2018 to 15 January 2019 Coupon rate: 7.945% Capital amount due: - Interest amount due: R4 005 150.68 Interest payment date: 16 January 2019 Date convention: Following business day* ** When the interest payment date falls on a non-business day, such interest payment will be paid on the first business day after the weekend or public holiday.

MR PRICE GROUP LIMITED - Disclosure of significant holding of Mr Price Group ordinary shares

Wrap Text Disclosure of significant holding of Mr Price Group ordinary shares Mr Price Group Limited (Registration number 1933/004418/06) Incorporated in the Republic of South Africa ISIN: ZAE000200457 JSE share code: MRP ("Mr Price Group" or "Company") DISCLOSURE OF SIGNIFICANT HOLDING OF MR PRICE GROUP ORDINARY SHARES In accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements and section 122(3) of the Companies Act 71 of 2008 ("the Act"), shareholders are advised that the Company has received formal notification that JPMorgan Chase & Co has decreased its holding in the Company, such that the total interest in the ordinary shares of Mr Price Group held by JPMorgan Chase & Co now amounts to 4.75% of the ordinary issued shares of the Company.

Former SABMiller executive takes the helm as Tongaat's new CEO

John Gavin Hudson will spearhead group strategic review, the sugar producer says Tongaat Hulett had appointed former SABMiller executive John Gain Hudson as new CEO effective from February, the agriculture group said on Monday. The appointment of Hudson, who replaces former long-serving CEO Peter Staude, could herald a shake-up in the underperforming sugar producer. In the past five years, Tongaat has lost 57.

UPDATE 3-Mass protests in Zimbabwe after fuel prices more than doubled

* Protesters angry over hike in price of fuel * Police carry out stop and searches, fire tear gas * Shortages of cash plunge country into disarray * Government delays wage talks with civil service unions (Adds detail, analyst, flights cancelled) By MacDonald Dzirutwe HARARE, Jan 14 (Reuters) - Protesters barricaded roads and burned tyres in Zimbabwe's capital Harare on Monday, two days after President Emmerson Mnangagwa raised the price of fuel by 150 percent in response to the worst economic crisis in a decade. Police fired tear gas to contain unrest in several Harare suburbs and the second largest city Bulawayo, with the Human Rights Forum, a grouping of local rights groups, saying it had received reports of five people having sustained gunshot wounds. Protesters chanted anti-Mnangagwa songs in Harare's crowded Mbare suburb, while riot police stood at a distance to block demonstrators marching into the city centre.

Analysts back Tiger Brands to bounce back in 2019

Food producer likely to grow revenue 8.4%, brokerage firm says Tiger Brands, which lost R1.4bn in revenue in financial 2018 due to listeriosis, looks set to bounce back from the deadly outbreak, with revenue and earnings to rise steadily in the next three years, according to brokerage firm Arqaam Capital.

Rand treads water, Brait sends stocks lower

Remains vulnerable to swings in global risk appetite. The rand was little changed on Monday as investors awaited closely watched data releases including mining output later in the week, while a plunge in investment firm Brait sent stocks lower. At 1550 GMT the rand was at R13.

UPDATE 1-South African rand treads water; Brait sends stocks lower

(Updates throughout) JOHANNESBURG, Jan 14 (Reuters) - The South African rand was little changed on Monday as investors awaited closely watched data releases including mining output later in the week, while a plunge in investment firm Brait sent stocks lower. At 1550 GMT the rand was at 13.8100 against the dollar, more than 0.

Helios Towers earmarks R1.4-billion for SA infrastructure investment

Helios Towers CEO Kash Pandya, left, with Vulatel CEO Tlhabeli Ralebitso Helios Towers has earmarked US$100-million (about R1.4-billion) for spending on telecommunications infrastructure in South Africa in the next three to four years. The company's CEO, Kash Pandya, revealed this figure in an interview with TechCentral on Monday after announcing it was setting up shop in South Africa in partnership with the black-owned telecoms specialist Vulatel.

#BizTrends2019: 3 trends affecting how independent education should be marketed in SA

Marketing schools is different to marketing a soft drink or an internet package. School education has an enormous influence on children's lives, from the way they tackle problems to the job prospects available to them. As educators, we need to understand that we're dealing with living, breathing young people, entrusted to our care.

Energy group Orsted halts power business divestment

COPENHAGEN, Jan 14 (Reuters) - Energy group Orsted said Monday it would halt the sale process of its Danish power distribution business after it became clear there was no longer political support for a divestment. Orsted, 50.1 percent owned by the Danish state, said on Sunday the finance ministry had told it there was no longer political support for continuing the divestment of its power distribution and residential customer businesses.

Jacob Zuma: state capture's number one suspect

Editor's note: The opinions in this article are the author's, as published by our content partner, and do not represent the views of MSN or Microsoft. Former President Zuma leads the pack of implicated parties at the State Capture inquiry while 12 current and former Cabinet ministers who served in his administration have also been issued with official notices that they have a case to answer in one of South Africa's biggest post-apartheid scandals. Former President Jacob Zuma has been fingered for alleged wrongdoing by witness testimony at the State Capture Commission more than any other party — including his friends, the Dubai-based Guptas.

These are the charts market watchers would tattoo on their bodies

If you could get any chart tattooed, what would it be? This was the question London-based Bloomberg reporter Eddie van der Walt posed on Twitter last week, and the resultant suggestions showcased many of the most dramatic moments in modern market history.  Van der Walt, a South African who reports on global commodities, initially chose the rhodium price chart for the past decade, "as a reminder what an acute shortage in a commodity looks like".  Rhodium, which is a platinum-type metal, is used in the manufacturing of autocatalysts for cars.

Board of directors has active role to play in driving good governance

‘We need boards that are agile and able to adapt.' South Africa has, over the last few years, seen an increase in poor governance, which has, in turn, led to the rise of corruption and maladministration in both the public and private sectors. A survey conducted by PwC found that South African companies experience more fraud and bribery than their counterparts elsewhere in the world.

AlphaCode lays out predictions for SA fintech in 2019

Fintech has been an exciting space in recent years especially in South Africa and Africa at large in fact. Senior investment executive at AlphaCode, Dominique Collett (pictured) has presented her predictions for the local fintech space in 2019. Digital banks to shake things up The banking sector is set to undergo something of a shake up in 2019.

Protests break out in Zimbabwe as economic crisis spirals

Protesters barricaded roads and burned tyres in Zimbabwe's capital Harare on Monday, as anger over the worst economic crisis in a decade spilled onto the streets and piled pressure on President Emmerson Mnangagwa . Police fired teargas to contain unrest in several Harare suburbs and Zimbabwe's second city of Bulawayo, two days after Mnangagwa announced a massive fuel price hike in an effort to contain a runaway currency crunch. Cash shortages have plunged the southern African nation's economy into disarray, threatening widespread social unrest and undermining Mnangagwa's efforts to win back foreign investors sidelined under his predecessor Robert Mugabe.

Helios Towers enters South African market with Vulatel deal

Telecommunications tower operator Helios Towers has entered the South African market, promising big investments in infrastructure as the country moves to 5G. Working with local partner Vulatel, it plans to make "major greenfield wireless and fixed-line telecoms infrastructure investments" in the country, it said. Black-owned Vulatel is led by its CEO and chairman, Tlhabeli Ralebitso, who was the founding MD of Vodacom Ventures and previously led Vodacom Group's M&A and investor relations functions.

Minister deletes tweet attacking Vodacom

Stella Ndabeni-Abrahams. Image c/o GCIS Communications minister Stella Ndabeni-Abrahams appears to have deleted a tweet in which she told Vodacom to "shut up", accusing the mobile operator of a "poor PR stunt" related to its "settlement" with former employee Nkosana Makate. TechCentral reported on Monday morning that the minister had taken to Twitter to lay into Vodacom's "settlement" with Nkosana, who claims to have invented the "please call me" service.

South African fintech in 2019 - what can we expect?

By Dominique Collett, a senior investment executive at Rand Merchant Investments and the head of  AlphaCode   Here are my fintech predictions for 2019 based on what we are seeing with our members at  AlphaCode  which closely track international trends in this space. AlphaCode is the Rand Merchant Investments  (RMI) incubation, acceleration and investment initiative that identifies, partners and grows early stage financial service ventures. Digital banks The introduction of  TymeBank ,  BankZero  and  Discovery Bank  will no doubt shake up the industry and give customers greater choice.

Entrepreneur helps man who lost his business after suffering 3rd degree burns

Edward Sithole was dealt a hard hand in life- a serious accident left him with third degree burns and while he was in the hospital recovering, his business was looted. PAY ATTENTION: Click "See first" under the "Following" tab to see Briefly news on your News Feed! In 2014, Sithole entire life changed- he suffered third degree burns and lost his business, an internet cafe, after looters took advantage of his time in the hospital. Now, a struggling Sithole took to social media to ask for help as he tries to pick up the pieces of his life.

'My family had no business selling me off for R4'

Think child marriages only happen in far off countries? Think again. The end of Maureen's days at a primary school in north-eastern Zimbabwe marked the beginning of her life as a wife. At 13, the brightest student in her class in Mudzi, Mashonaland, she was married to a man three times her age.

Minister deletes tweet attacking Vodacom

The minister's original tweet was in response to a Vodacom reply on Twitter. Communications minister Stella Ndabeni-Abrahams appears to have deleted a tweet in which she told Vodacom to "shut up", accusing the mobile operator of a "poor PR stunt" related to its "settlement" with former employee Nkosana Makate. TalkCentral reported on Monday morning that the minister had taken to Twitter to lay into Vodacom's "settlement" with Nkosana, who claims to have invented the "please call me" service.

Result of DRC election leaves mining firms in state of suspense

A McKinsey study in 2018 forecast a 60% rise in demand for cobalt by 2025, and cited uncertainty in DRC state policy as a major risks to supply The surprise outcome of Democratic Republic of Congo's (DRC's) election — a vote meant to bring closure to years of turmoil under President Joseph Kabila — has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. DRC is the world's leading miner of cobalt, a mineral used in electric car batteries, which has seen a surge in demand in recent years, with mines run by firms including Glencore and China Molybdenum. Opposition candidate Felix Tshisekedi, an unknown quantity for mining executives, was declared the winner of December's chaotic vote on Thursday, defeating Kabila's chosen successor, Emmanuel Ramazani Shadary.

Protests break out in Zimbabwe as economic crisis spirals

HARARE (Reuters) - Protesters barricaded roads and burned tyres in Zimbabwe's capital Harare on Monday, as anger over the worst economic crisis in a decade spilled onto the streets and piled pressure on President Emmerson Mnangagwa. People run at a protest as barricades burn during rainfall in Harare, Zimbabwe January 14, 2019. REUTERS/Philimon Bulawayo Police fired teargas to contain unrest in several Harare suburbs and Zimbabwe's second city of Bulawayo, two days after Mnangagwa announced a massive fuel price hike in an effort to contain a runaway currency crunch.

Helios Towers Creates A South African Infrastructure Platform

Mobile phone Telecommunication Radio antenna Tower with sunset sky, silhouette (Photo Credit: www.shutterstock.com) Helios Towers, the independent telecoms tower infrastructure company, announced on Monday that it will create a South African infrastructure platform.

Minister deletes tweet attacking Vodacom

Stella Ndabeni-Abrahams. Image c/o GCIS Communications minister Stella Ndabeni-Abrahams appears to have deleted a tweet in which she told Vodacom to "shut up", accusing the mobile operator of a "poor PR stunt" related to its "settlement" with former employee Nkosana Makate. TalkCentral reported on Monday morning that the minister had taken to Twitter to lay into Vodacom's "settlement" with Nkosana, who claims to have invented the "please call me" service.

Rich chinese still hungry for luxury goods despite slowdown

Brands are also focusing on how to incorporate Chinese elements to gain attention locally About half of Chinese consumers say they're planning to spend more on luxury purchases this year in a recent survey as concerns mount that the slowing and trade war-battered economy may dent demand in the key market for premium goods. Weeks after Apple Inc. said that lower-than-expected Chinese demand is hurting earnings, a new survey of 1,385 affluent consumers by research firm CSG and public relations agency Ruder Finn showed that 46% of respondents in China and 32% in Hong Kong said they planned to spend more on luxury purchases this year compared to 2018.

Newmont to buy Goldcorp in $10 billion mega gold-mining deal

Goldcorp shares surge in US pre-market trading. Newmont Mining will buy rival Goldcorp in a deal valued at $10 billion, creating the world's largest gold miner and cementing a return of M&A to the industry. The transaction comes just three months after Barrick Gold's move to buy Randgold Resources in a $5.

60% of Organizations Suffered Business-Disrupting Cyber Events in last 24 Months

Tenable®, Inc. , the Cyber Exposure company, released the Measuring and Managing the Cyber Risks to Business Operations Report , an independent study conducted by Ponemon Institute. It found that 60 percent of organizations globally had suffered two or more business-disrupting cyber events — defined as cyber attacks causing data breaches or significant disruption and downtime to business operations, plant and operational equipment — in the last 24 months.

How to prepare your business for the workforce of the future

PwC says technology is seen as the most radical driver of change in preparing for tomorrow's workforce, while diversity and demands for equality are also reshaping the workplace. Olusola Adewole, Director for People and Change at PwC Nigeria joins CNBC Africa to discuss how organisations should prepare for the future workforce. https://www.

Dell debuts new business orientated Latitude 7400 ...

Given that the Consumer Electronics Show, which took place in Las Vegas last week, is the one of the biggest technology shows in the world focused on consumer technology, it can be difficult to stand out. This is especially true if you include a business notebook at a consumer expo. Nonetheless, Dell's latest 14" 2-in-1 apparently did just that, earning itself an honouree nod from the CES Innovation Awards .

JAB expands management as Chairman Becht retires

LONDON, Jan 14 (Reuters) - JAB Holding Co, the private owner of coffee and restaurant businesses including Keurig Dr Pepper and Pret A Manger, will bring in three new executives as its chairman, Bart Becht, retires. Becht, a consumer industry veteran and former CEO of Reckitt Benckiser will retire this year, JAB, controlled by the billionaire Reimann family, said on Monday, without giving a date. "After almost 40 years in the branded consumer business, I have decided it is time to refocus my activities and retire," Becht said in a statement.

JAB expands management as Chairman Becht retires

LONDON, Jan 14 (Reuters) - JAB Holding Co, the private owner of coffee and restaurant businesses including Keurig Dr Pepper and Pret A Manger, will bring in three new executives as its chairman, Bart Becht, retires. Becht, a consumer industry veteran and former CEO of Reckitt Benckiser will retire this year, JAB, controlled by the billionaire Reimann family, said on Monday, without giving a date. "After almost 40 years in the branded consumer business, I have decided it is time to refocus my activities and retire," Becht said in a statement.

Business News - 11 Jan 2018

Zimbabwe bans South African meat products, Online sales give Richemont a boos and Nissan's Ghosn gets slapped with additional charges..

Africa Deal Roundup: Renewable energy investors charged up about Africa

This article is published in association with  Africa Private Equity News , a one-stop source for industry-related information. Stay up to date by downloading the free  Africa Private Equity News  app: Android | iOS | Scan QR code from desktop . Subscribe to the monthly newsletter  here .

South African fintech in 2019 - what can we expect?

Dominique Collett, head of AlphaCode Here are my fintech predictions for 2019 based on what we are seeing with our members at AlphaCode which closely track international trends in this space. AlphaCode is the Rand Merchant Investments  (RMI) incubation, acceleration and investment initiative that identifies, partners and grows early stage financial service ventures. Digital banks   The introduction of TymeBank , BankZero and Discovery Bank will no doubt shake up the industry and give customers greater choice.

Newmont to buy Goldcorp as mergers return to gold industry

Newmont will pay 0.3280 of its own shares for each Goldcorp share, a premium of 17% to the weighted average share price from the last 20 days Newmont Mining will buy rival Goldcorp in a deal valued at $10bn, creating the world's largest gold miner and cementing a return of mergers and acquisitions to the industry. The transaction comes just three months after Barrick Gold's move to buy Randgold Resources in a $5.

Helios Towers enters South African market with Vulatel partnership

Helios Towers Plc entered the South African market by forming a partnership with Vulatel Pty Ltd to build out wireless and fixed-line infrastructure in the country. Helios Towers expects South Africa to lead the way on 5G rollout in sub-Saharan Africa, it said in a statement on Monday. Establishing a towers business in South Africa could help pave the way for a long-planned initial public offering, after the UK company and two African rivals were forced to abandon share-sale plans last year.

This SA financial expert says you could save money with YouTube, Google - and pawn shops

(Photo: Cash Crusaders) It's easy to spend money - but also easy to save it by making the most of online tools and pawn shops. Financial planning consult Jaco Prinsloo recommends considering trading in the gym membership for YouTube tutorials, and going second-hand on the gear for your new hobby. Turning your back on that expensive bank could also go a long way.

THE SPAR GROUP LIMITED - Dealings in securities by the Spar Group Limited Employee Share Trust

Wrap Text Dealings in securities by the Spar Group Limited Employee Share Trust THE SPAR GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1967/001572/06) JSE Code: SPP ISIN: ZAE000058517 ("SPAR") DEALINGS IN SECURITIES BY THE SPAR GROUP LIMITED EMPLOYEE SHARE TRUST ("SHARE TRUST") In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SPAR shareholders are hereby advised of the following dealings in securities: Name of entity: Share Trust Class of security: Ordinary shares Nature of transactions: Purchase of shares Transactions completed: On-market Nature of interest: Direct beneficial Clearance given in terms of paragraph 3.

BRAIT SE - New Looks agreement in principle with a group of senior secured noteholders on terms of balance sheet restructuri

Wrap Text New Look's agreement in principle with a group of senior secured noteholders on terms of balance sheet restructuring Brait SE (Registered in Malta as a European Company) (Registration No. SE1) Share code: BAT ISIN: LU0011857645 Bond code: WKN: A1Z6XC ISIN: XS1292954812 LEI: 549300VB8GBX4UO7WG59 ("Brait") ANNOUNCEMENT OF NEW LOOK'S AGREEMENT IN PRINCIPLE WITH A GROUP OF SENIOR SECURED NOTEHOLDERS ON TERMS OF BALANCE SHEET RESTRUCTURING AND FINANCIAL PERFORMANCE UPDATE 1. Introduction Shareholders in Brait are advised that the portfolio company New Look Retail Group Limited ("New Look") has today announced that it has reached an agreement ‘in principle' with certain of its key stakeholders in relation to the main terms of a transaction aimed at deleveraging and strengthening New Look's balance sheet (the "Transaction") and is providing an update on its financial performance.

Business News - 11 Jan 2018

Zimbabwe bans South African meat products, Online sales give Richemont a boos and Nissan's Ghosn gets slapped with additional charges..

Helios Towers enters South African market with Vulatel deal

Telecommunications tower operator Helios Towers has entered the South African market, promising big investments in infrastructure as the country moves to 5G. Working with local partner Vulatel, it plans to make "major greenfield wireless and fixed-line telecoms infrastructure investments" in the country, it said. Black-owned Vulatel is led by its CEO and chairman, Tlhabeli Ralebitso, who was the founding MD of Vodacom Ventures and previously led Vodacom Group's M&A and investor relations functions.

Helios Towers enters South African market with Vulatel partnership

Helios Towers Plc entered the South African market by forming a partnership with Vulatel Pty Ltd. to build out wireless and fixed-line infrastructure in the country. Helios Towers expects South Africa to lead the way on 5G rollout in sub-Saharan Africa, it said in a statement on Monday.

Helios Towers enters South Africa with Vulatel partnership

Helios Towers expects South Africa to lead the way on 5G rollout Helios Towers Plc entered the South African market by forming a partnership with Vulatel to build out wireless and fixed-line infrastructure in the country. Helios Towers expects South Africa to lead the way on 5G rollout in sub-Saharan Africa, it said in a statement on Monday. Key Insights Establishing a towers business in South Africa could help pave the way for a long-planned initial public offering, after the UK company and two African rivals were forced to abandon share-sale plans last year.

AB InBev soars on potential IPO of Asian operations

AB InBev's share price jumped 8% to R1,045.79 after Bloomberg reported it is considering separately listing its Asian operations.  Its shares jumped the most since 2015 after people with knowledge of the matter said it is considering an initial public offering (IPO) of its Asian operations, as the world's largest brewer, looks at ways to unlock value after a string of acquisitions left it saddled with debt.

EDITOR'S LUNCHBOX: Electioneering 2019 has solidly kicked off

The mixed messages of the ANC's manifesto, and Steinhoff directors — including Markus Jooste — get served Stories of note Bytes from the digital world An undisclosed settlement amount has been described as "reasonable" by Vodacom CEO Shameel Joosub and "ridiculous and insulting" by Please Call Me inventor Nkosana Makate. "Policy has to be co-ordinated; it is fruitless if they work against each other," Econometrix chief economist Azar Jammine says of the mixed messages coming from the ANC's manifesto. In my opinion Matters of debate Whenever , he asks Google what Mzwanele Manyi has said in the past week.

Paris unrest impacts on Richemont sales

Luxury watches displayed at the Richemont Montblanc store in Beijing. Photo: Bloomberg DURBAN - Swiss luxury goods company Richemont experienced challenges in Europe as its sales were negatively impacted by serious social unrest in France during the quarter to end December. However, the group did not reveal the impact of the social unrest on its sales in the region.

Life Healthcare sells stake in India hospital group

Private hospital group Life Healthcare says it has sold its 49.7% stake in India's Max Healthcare, after months of negotiating. According to the company, exiting India would allow Life Healthcare to focus on its core operations in South Africa, the UK, Poland and Western Europe.

Brait falls 14% on New Look debt-for-equity plan

Christo Wiese's investment holding company plans to cut its holding in the UK clothing chain to as low as 18% by paying creditors with shares Brait, the investment company controlled by Christo Wiese, says it has reached an agreement with the debt holders in its troubled UK retailer New Look to beef up the balance sheet. Its share price fell as much as 14% to R27.31 after it released details of its plan to cut its shareholding in New Look to between 18% and 30% by issuing shares to creditors.

Genevieve Nnaji Makes History With Netflix's First Nigerian Original Film 'Lionheart'

Genevieve Nnaji Genevieve Nnaji is the darling of Nollywood , Nigeria 's multi-billion dollar movie industry. And after having enjoyed over two decades as one of the most popular and successful actresses in the industry, she recently made history with her directorial debut, Lionheart . The film, which debuted on Netflix last week, follows a woman who has to step up to help run her father's company, became Netflix's first original film from Nigeria after the streaming giant purchased the worldwide rights in September.

Crypto-currency firm urges patience

The need for instant gratification is one of the biggest reasons why the majority of investors are venturing into crypto-currencies. So says Marcus Swanepoel, CEO at Naspers-owned crypto-currency firm Luno, giving his insights into the future of Bitcoin and how digital currencies are going to evolve. Formerly BitX, Luno facilitates Bitcoin storage and transactions such as buying, selling and paying through its Bitcoin wallet services.

Good Business Basics: Local government must be fixed

President Cyril Ramaphosa was in town this week, as the countdown to the May national elections kicked off. ALSO READ :  Good Business Basics: SA faces skills shortage In 2016, just before the local government elections, I was invited to an interaction with Pravin Gordhan and MEC Ravi Pillay at a prominent local businessman's residence. What I urged Mr Gordhan to give attention to was the fixing of local government structures, because without a well- functioning local and district government, any initiative to improve the lives of residents was doomed to failure.

Why are female and male qualities important in business?

It's time to have a conversation that includes both the female and male qualities in business. When it comes to discussions about gender-bias in the workplace, the themes tend to centre around glass ceilings, boys' clubs and male dominated boardrooms. However, there is a sub-text to the "Women in the workplace" conversation that is radically shifting business performance.

‘Just shut up': minister tears into Vodacom

Stella Ndabeni-Abrahams Communications minister Stella Ndabeni-Abrahams has slammed Vodacom on social media, telling it to "just shut up" and "do the right thing" around the "please call me" settlement with its former employee, Nkosana Makate. The minister took to Twitter on Monday morning to lay into the mobile operator's "settlement" with Nkosana, who claims he invented the "please call me" service, which allows Vodacom customers to send a free text message requesting a call back from another party. "Just shut up Vodacom and do the right thing," Ndabeni-Abrahams tweeted.

South African fintech in 2019 - what can we expect?

Dominique Collett is senior investment executive at Rand Merchant Investments and the head of AlphaCode, a South African incubation, acceleration and investment initiative that identifies, partners and grows early stage financial service ventures. Here are her fintech predictions for 2019 based on what AlphaCode is seeing with its members. Digital banks The introduction of TymeBank , BankZero and Discovery Bank will no doubt shake up the industry and give customers greater choice.

Minister tells Vodacom to 'shut up & do the right thing' over Makate saga

Nkosana Makate, who invented the Please Call Me service while still an employee at Vodacom, has been involved in a long battle with his former employer involving the intellectual property of the service. | JOHANNESBURG - Communications Minister Stella Ndabeni-Abrahams has joined the heated saga between mobile network Vodacom and its former employee Nkosana Makate.Makate, who invented the Please Call Me service while still an employee at Vodacom, has been involved in a long battle with his former employer involving the intellectual property of the service.

Politicians get involved in 'Please Call Me' drama

Minister of communications Stella Ndabeni-Abrahams this morning embroiled herself in the ongoing 'Please Call Me' drama between Vodacom and former employee Kenneth Nkosana Makate. For 18 years, Makate has been trying to get compensation for creating the lucrative call-back service. "Just shut up Vodacom and do the right thing.

Levergy adds Nedbank to new business wins

Levergy will begin 2019 with a broadened client portfolio after being appointed by Nedbank as their full-service sponsorship agency. The agency emerged as the preferred candidate after a competitive pitch process which took place in November 2018. The appointment sees them commence work across Nedbank's sponsorship portfolio, which includes the Nedbank Cup and Nedbank Golf Challenge among others, from 1 January 2019.

Delivering superior customer service will revolutionise your business

Many a company has either failed to get off the ground or even driven itself into the ground because of poor customer service. That's why we teamed up with Merchants to bring you some tips on how to up your customer service game. According to a report by econsultancy.

Region's biggest small business market access event coming to Bloemfontein

The Free State Department of Economic Small Business, Tourism and Environmental Affairs (DESTEA) is partnering with Smart Procurement World to host the region's first Smart Procurement World and Enterprise & Supplier Development (ESD) Expo. The event, which will be held on 20 March at PACOF's facilities, is geared around facilitating knowledge sharing for the supply chain and invaluable business networking opportunities for SMMEs. The Enterprise and Supplier Development Expo will provide both the public and private sector with the opportunity to assist in the showcasing of leading verified Black Owned Suppliers.

New Look debt deal hands ownership to creditors, trading is mixed

Struggling value fashion retailer New Look appears to have found a solution to its debt problems, but it's a radical solution that means majority ownership of the chain will pass to a group of its creditors with current majority shareholder Brait left with just 20%. New Look The company has struck a debt-for-equity deal with key stakeholders and has an agreement "in principle" to slash its onerous debt load from £1.35 billion to £350 million and raise £150 million in new working capital.

Feeding pirates and princesses

Once again, foodies were dazzled by the glitz and glam of the 2018 Night of 1000 Stars. We talk to the two restaurants responsible for the best dishes of the evening - Zest and Orange. Garbed as pirates and princesses, Mbombela's community gathered to support the annual event held in aid of CANSA.

7 things you need to know today

The company's voluntary arrangement entails giving Steinhoff an opportunity to restructure its three series of equity-linked bonds due in 2021, 2022 and 2023 into new secured loans. Dwayne Senior Bloomberg CAPE TOWN - Good morning. This is all the latest business news that you need to know today.

What the US Government is doing to the Economy

There's heavy competition in the smartphone market, this is what Seleho Tsatsi explains as profit warnings continue, as he stands in for Anthea. Find out how the US earnings season, Chinese auto sales and the US government shutdown are doing. It was a big week for Jeff Bezos as he announced his divorce.

Why children need to spend time in nature

Turn the TV off and take your kids outside to play. A new study reveals even more reasons why children need to spend time in nature… Children who have a closer connection with nature are less distressed, less hyperactive, have fewer behavioural and emotional difficulties and are found to have better pro-social behaviour than children who spend less time outdoors. These are the findings of a 16-item parent questionnaire (CNI-PPC) to measure "connectedness to nature' in very young children.

Online sales boost luxury goods group Richemont's earnings

Johann Rupert's Richemont, the luxury goods group that was initially cautious about e-commerce, has seen online businesses YOOX Net-a-Porter (YNAP) and Watchfinder giving its earnings a handy boost.   The Swiss-based group, which owns, among others, the Cartier and Van Cleef & Arpels brands, said YNAP's contribution was the main reason sales were up 25% to €3.91bn for the third quarter to end-December.

EMERGING MARKETS-China export data weighs on emerging market shares; FX weakens

* Lira weakens after Trump threat to Ankara over Syria * Romanian stocks fall 1 percent on tax measure concerns * India's rupee lowest in nearly one month after inflation data By Agamoni Ghosh Jan 14 (Reuters) - Emerging market stocks fell on Monday as weak Chinese export data stoked fears of deepening cracks in the world's second-biggest economy, while a soft dollar did little to help developing world currencies. MSCI's index for emerging market (EM) shares fell more than 1 percent, with indexes in Hong Kong and Johannesburg leading declines. Mainland Chinese shares dropped after a shock contraction in Chinese exports in December reinforced fears that U.

Continental warns weaker markets, electric shift to hit margins

* Expects adj EBIT margin of 8-9 pct in 2019 * Sees 2019 consolidated sales at 45-47 bln euros * Continental's warning comes amid China autos downturn * Shares down 2.2 pct (Adds industry context) FRANKFURT, Jan 14 (Reuters) - German automotive supplier Continental AG warned of a drop in profitability this year, blaming a downturn in car markets and the industry's costly shift from combustion engines towards electric vehicles. The group said on Monday it expected an adjusted operating (EBIT) margin of 8-9 percent this year, down from a forecast of "more than 9 percent" in 2018.

CapitaLand targets new growth markets with $4.4 bln Temasek real estate deal

* Deal to create Asia's largest real estate investment manager * Temasek to get paid half in cash, half in new CapitaLand shares * Temasek's stake in CapitaLand to rise to 51 pct after deal (Adds quote from CEO, background on CapitaLand) By Anshuman Daga and Aradhana Aravindan SINGAPORE, Jan 14 (Reuters) - Singapore's CapitaLand is paying S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal that the developer said would create Asia's largest real estate investment manager. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock.

Extract from Swimming with Sharks - Simple business guidelines for a complex world

I know that times are tough and that the economy is rocky. I understand that revenue growth is slowing and that drastic action needs to be taken and that means the dreaded ‘change management' is tangible in our everyday lives. Yes, I'm just a little bit afraid of change but that's insufficient reason for you to believe that I should be kept in the dark because you think that that's what's best for me.

Managed business services hit the spot for SA companies

We've been through the range of ‘as a service' models: software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS). Now we're in the age of everything as a service (Xaas) - or, as we prefer to call it, managed business services (MBS) - and South African companies can't get enough of it. By Daniel Lotter, head of bids and tenders at Itec SA Part of the reason for this is the current economic climate.

The Small Business Corner: One-Eyed Jack

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.

#FairnessFirst: Making workplace inclusion everybody's business

Microsoft has made inclusion every employee's responsibility in much the same manner as one eats the proverbial 'business elephant' - one bite at a time. Here's how your company can follow suit through encouraging accountability through heightened awareness, curiosity and courage. There's been a rise of diversity champions appointed in businesses across the globe following a spate of unfortunate incidents of both cultural appropriation and just plain being tone-deaf - hello Dove, H&M, Prada… Luckily, awareness of these issues means there's also a shift in thinking and a renewed focus on diversity and inclusion.

Taking Care Of Business

Do you want to grow your business in 2019? Bear these tips in mind. SMEs are the lifeblood of the South African economy, accounting for approximately 29% of employment in the country and forming a critical pillar of the government's 2030 National Development Plan. With funding scarce and the economy volatile, small businesses remain increasingly vulnerable to economic pressures, with many failing to last beyond the five-year mark.

Financial Metrics In The Business World - Keeping An Eye On KPI's

The results and findings after each analysis, using the relevant metrics, then create a premise for strategising and executing specific tactics needed to improve, uplift, as well as highlight where increased attention should be directed. Monitoring sustainability and the condition of a company's business model plays a key role in the overall performance and success of an organisation. If these are given the required attention, it would enable easy identification and corrective protocol to eliminate or curb potential problems or detriments.

Set up your business premises for success in 2019

One thing you should consider is that the space you invite your clients to and which your staff occupies should be designed and geared towards productivity and prosperity. READ:  5 easy ways to freshen up your business space So how do you begin to make these changes and what should you be considering? We have a few tips to help you get started.  1.

Here's how Mngomezulu established her skincare business

Through a combination of financial and non-financial support, Mngomezulu's business is moving faster and becoming more profitable For many, leaving a secure job to venture into the unknown world of business, is a scary thought. But businesswoman Portia Mngomezulu, chose to put her faith in her dreams. She took the plunge and resigned from her job in IT to focus on her skincare and cosmetics company.

Cosatu unhappy SA business overlooks ‘expensive' local labour, chooses foreigners

The Congress of South African Trade Unions (Cosatu) says although there is nothing new about the new draft regulations on the employment of foreign nationals, the implementation of the draft is their biggest concern, as South Africans are being displaced by the actions of businesses who allegedly hire more foreign nationals than they should. This comes after discussions that took place in parliament towards the end of last year around the implementation of legislation regulating the employment of foreign nationals. The new draft, which is now open for public comment, proposes changes that will potentially affect the applications of work visas, corporate visas and the submissions of skills transfer plans.

Asian markets in retreat after week-long rally

Hong Kong led a sell-off across Asian markets Monday as profit-takers moved in following a six-day rally, while traders look ahead to the release of corporate earnings. With few catalysts to drive buying, equities were ripe for selling after last week's healthy gains, with the US government shutdown - now in its fourth week and showing no sign of ending soon - instilling a sense of unease. Also on the agenda is Tuesday's key Brexit vote, with British Prime Minister Theresa May making an 11th hour appeal to MPs to pass her agreement with the EU, which is expected to be voted down by a wide margin.

Top 100 Companies by Market Capital: 2019/01/11

Top 100 Companies by Market Capital: 2019/01/11 Add Top Market Companies to Favourites Name Full Name Market Capital 1 ABINBEV Anheuser-Busch InBev SA NV 1,700,980,272,652 2 NASPERSN NASPERS LIMITED 1,309,278,672,100 3 BATS BRITISH AM. TOBACCO PLC 1,099,837,328,901 4 GLENCORE GLENCORE XSTRATA PLC 758,482,403,432 5 BILLITON BHP GROUP PLC 602,764,169,860 6 RICHEMONT COMPAGNIE FIN RICHEMONT 494,229,600,000 7 ANGLO ANGLO AMERICAN PLC 449,862,146,227 8 FIRSTRAND Firstrand Limited 382,847,556,068 9 STANBANK STANDARD BANK GROUP LIMITED 299,797,388,600 10 SASOL SASOL LIMITED 279,823,383,168 11 VODACOM VODACOM GROUP LIMITED 242,793,141,092 12 SANLAM Sanlam Limited 184,384,615,172 13 SOUTH32 South32 Limited 173,265,398,121 14 MTN MTN GROUP LIMITED 162,970,491,369 15 ANGLOPLAT ANGLO AMERICAN PLATINUM CORPORATION LIMITED 151,561,219,932 16 ABSAG ABSA GROUP LIMITED 143,736,127,624 17 NEDCOR NEDBANK GROUP LTD 137,094,916,938 18 CAPITEC CAPITEC 129,387,759,198 19 OLDMUTUAL OLD MUTUAL PLC 124,638,459,519 20 MONDIPLCP MONDI PLC PRE 114,869,251,395 21 SHOPRIT SHOPRITE HOLDINGS LIMITED 114,110,590,730 22 RMBH RMB HOLDINGS LIMITED 113,896,215,628 23 OMUTUAL OLD MUTUAL LIMITED 113,815,373,615 24 REMGRO REMGRO LIMITED 108,436,564,734 25 DISCOVERY DISCOVERY HOLDINGS LIMITED 106,728,677,027 26 BIDCORP BID Corporation Ltd 90,357,894,712 27 KUMBAIO Kumba Iron Ore Ltd 89,556,005,070 28 PEPKOR PEPKOR HOLDINGS LIMITED 75,900,000,000 29 ANGGOLD ANGLOGOLD ASHANTI LIMITED 73,402,885,543 30 GROWPNT GROWTHPOINT PROPERTIES LIMITED 70,857,903,718 31 BIDVEST THE BIDVEST GROUP LIMITED 68,143,264,156 32 NEPIROCK NEPI ROCKCASTLE PLC 66,031,067,881 33 MRPRICE MR PRICE GROUP LIMITED 65,092,061,020 34 ASPEN Aspen Pharmacare Hldgs 63,674,989,969 35 WOOLIES WOOLWORTHS HOLDINGS LIMITED 59,528,921,823 36 INVPLC INVESTEC PLC 58,662,424,146 37 RMIH RAND MERCH INS HLDGS LTD 56,906,658,655 38 REDEFINE REDEFINE PROPERTIES LTD 56,101,231,703 39 PSG PSG GROUP LIMITED 55,834,351,096 40 TIGBRANDS TIGER B

#BizTrends2019: It's all about fintech

Innovations in the fintech space is showing no signs of slowing down. Here's what we can expect in 2019. Digital banks The introduction of TymeBank , BankZero and Discovery Bank will no doubt shake up the industry and give customers greater choice.

Communications minister tells Vodacom to ‘pay up' in Please Call Me saga

South Africa's Minister of Communications Stella Ndabeni-Abrahams has told Vodacom to "just shut up"  on Twitter , commenting on the Please Call Me matter. The statement came after Gauteng Education MEC Panyaza Lesufi said on Twitter that people must stand by "Nkosana ‘Please Call Me' Makate" against "this bully called Vodacom". Makate, who is also known as Kenneth Makate, has been in negotiations with Vodacom for several years over the "reasonable compensation" he must receive for his part in launching the Please Call Me service on Vodacom's network.

Board of directors should play a more active role in improving good governance private & public sectors

"We need boards that are agile and able to adapt." South Africa has, over the last few years, seen an increase in poor governance, which has in turn, led to the rise of corruption and maladministration in both the public and private sectors. A survey conducted by PricewaterhouseCoopers found that South African companies experience more fraud and bribery than their counterparts elsewhere in the world.

Congo poll leaves uncertainty for miners at heart of EV revolution

JOHANNESBURG - The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila - has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading miner of cobalt, a mineral used in electric car batteries which has seen a surge in demand in recent years, with mines run by firms including Glencore and China Molybdenum. Opposition candidate Felix Tshisekedi, an unknown quantity for mining executives, was declared the winner of last month's chaotic vote on Thursday, defeating Kabila's chosen successor, Emmanuel Ramazani Shadary.

UPDATE 1-UK retailer New Look's restructuring to cut debt by 1 bln stg

(Adds detail) LONDON, Jan 14 (Reuters) - Struggling British fashion retailer New Look has agreed a restructuring with debtholders to cut its debt by 1 billion pounds ($1.28 billion) as it seeks to position the group for a return to profitability. Last March New Look, which is owned by South African investment firm Brait, staved off a potential collapse into administration when British creditors and landlords backed a plan enabling it to close 60 UK stores.

What the US Government is doing to the Economy

There's heavy competition in the smartphone market, this is what Seleho Tsatsi explains as profit warnings continue, as he stands in for Anthea. Find out how the US earnings season, Chinese auto sales and the US government shutdown are doing. It was a big week for Jeff Bezos as he announced his divorce.

South African fintech in 2019 - what can we expect?

Dominique Collett, a senior investment executive at Rand Merchant Investments and the head of AlphaCode • Hot fintech startups to watch in the coming year Here are my fintech predictions for 2019 based on what we are seeing with our members at AlphaCode which closely track international trends in this space. AlphaCode is the Rand Merchant Investments (RMI) incubation, acceleration and investment initiative that identifies, partners and grows early stage financial service ventures. Digital banks The introduction of TymeBank , BankZero and Discovery Bank will no doubt shake up the industry and give customers greater choice.

JSE slips on shock Chinese data, led by Naspers

Disappointing Chinese economic data weighs on sentiment, although gold miners manage to edge higher on a weaker rand and higher metal price A surprise contraction in Chinese exports in December weighed on global equity markets on Monday morning, with the JSE reacting to the news with broad-based losses. Chinese exports slumped 4.4% in December, well below market expectations of 3% growth, with Asian markets posting sharp losses and oil slipping below $60/$ for the first time in five days.

Bethlehem on the Rise

Bethlehem is a fast growing town in the eastern Free State province of South Africa, and thus served as a good place for the Partinform roadshow to kick-off off its 2018 calendar Serving as a focal point in a big wheat growing area, and named after the biblical Bethlehem from "Beit Lechem", Hebrew for "house of bread", the town is the seat of the Dihlabeng Local Municipality. Clearly a place to make some dough, it is home to thriving shopping centres, private hospitals, hotels, schools, and entertainment centres. Industries have also identified Bethlehem as a good yeasty location, with Coco-Cola, AB InBev, Nestlé, and petroleum and engineering companies imposing their presence in the town, which thankfully has no traffic jams.

DRC: Congo elections and the Electric Vehicle revolution

Congo poll leaves uncertainty for miners at heart of EV revolution JOHANNESBURG (Reuters) - The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila - has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading miner of cobalt, a mineral used in electric car batteries which has seen a surge in demand in recent years, with mines run by firms including Glencore (GLEN.L) and China Molybdenum (603993.

UK retailer New Look's restructuring to cut debt by 1 bln stg

LONDON, Jan 14 (Reuters) - British fashion group New Look said on Monday it had agreed a restructuring with debtholders to deleverage and strengthen its balance sheet. New Look, which is owned by South African investment firm Brait, said it had agreed a debt-for-equity swap proposal to reduce its long-term debt from 1.35 billion pounds ($1.

South African FinTech In 2019 - What Can We Expect?

Technology of modern digital banking. Iaremenko Sergii / Shutterstock.com by Dominique Collett Here are my FinTech predictions for 2019 based on what we are seeing with our members at  AlphaCode  which closely track international trends in this space.

Hydrogen leap needed to aid platinum's future

JOHANNESBURG (miningweekly.com) - A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using competitively-priced renewable energy.

‘Just shut up': minister tears into Vodacom

Stella Ndabeni-Abrahams Communications minister Stella Ndabeni-Abrahams has slammed Vodacom on social media, telling it to "just shut up" and "do the right thing" around the "please call me" settlement with its former employee, Nkosana Makate. The minister took to Twitter on Monday morning to lay into the mobile operator's "settlement" with Nkosana, who claims he invented the "please call me" service, which allows Vodacom customers to send a free text message requesting a call back from another party. "Just shut up Vodacom and do the right thing," Ndabeni-Abrahams tweeted.

"Just shut up Vodacom" - Minister of Communications

South Africa's Minister of Communications Stella Ndabeni-Abrahams has told Vodacom to "just shut up" on Twitter, commenting on the Please Call Me matter. The statement came after Gauteng Education MEC Panyaza Lesufi said on Twitter that people must stand by "Nkosana ‘Please Call Me' Makaket" against "this bully called Vodacom". Makate, who is also known as Kenneth Makate, has been in negotiations with Vodacom for several years over the "reasonable compensation" he must receive for his part in launching the Please Call Me service on Vodacom's network.

This is the best cash-back programme for food in SA - with savings up to 25%

Discovery Vitality Ambassador Caster Semenya at the Discovery headquarters in Sandton (Instagram, @discovery_sa) Business Insider South Africa compared the food-rewards programmes currently available in South Africa. Discovery Vitality came up tops with grocery savings up to 25%. Meanwhile, Momentum Multiply only promised a possible cash-back of 12%.

GLENCORE PLC - GLN: Transactions In Own Shares-11 January 2019

Wrap Text GLN: Transactions In Own Shares-11 January 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 14 January 2019 Transactions in own shares-11 January 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 11 January 2019 Aggregate number of ordinary shares of USD 0.

WATCH: Rand surrenders earlier gains to the dollar

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - The South African currency initially extended the previous session's gains on Friday, at one-point advancing beyond R13.80/$ according to NKC Research.  However, this was short-lived when the US dollar index regained moment late in the day causing the rand to surrender all of its earlier gains.

Zimbabwe on edge in anticipation of price hikes

Picture: Reuters/Philimon Bulawayo/File Photo ZIMBABWE was on edge yesterday in anticipation of further price hikes after the government raised the price of fuel by more than 200 percent just a few hours after Finance Minister Mthuli Ncube announced that the country was all but set to introduce a local currency in the next 12 months as Harare battles a debilitating cash crunch. Hard currency shortages have grounded business and raised the cost of living for Zimbabweans as inflation - propelled by a thriving parallel market for forex - wreaks havoc on the economy. Big companies in Zimbabwe, such as ABInBev's unit - Delta Corporation - which is owed about $120million (R1.

Steinhoff woes continue to pile up in Europe

THE FORMER chief executive of Steinhoff, Markus Jooste. Reuters DURBAN - Troubled retailer Steinhoff International's woes continue to pile up as one of the creditors, LSW, is challenging the company's financial restructuring plans. Steinhoff said on Friday that its subsidiary Steinhoff Europe (Seag) had on Friday been notified of an application issued by LSW, a company claiming to be a creditor of Seag, challenging the company voluntary arrangement (CVA) proposed in relation to Seag announced on December 14.

WATCH: Rand surrenders earlier gains to the dollar

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - The South African currency initially extended the previous session's gains on Friday, at one-point advancing beyond R13.80/$ according to NKC Research.  However, this was short-lived when the US dollar index regained moment late in the day causing the rand to surrender all of its earlier gains.

IRENA/ADFD Project Facility backs West Africa renewables drive

Featured image: Stock Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) have announced the selection of renewable energy projects in three West African regions to receive funding from the ADFD. Guyana, Liberia and Togo have been selected to receive these funds as part of the sixth cycle of the  IRENA/ADFD Project Facility . With ADFD committing $350 million over seven funding cycles to the IRENA/ADFD Project Facility since 2013, this announcement, during the Ninth Session of the IRENA Assembly, brings cumulative funding to date to $245 million.

Rand reacts badly to ANC manifesto

The statement on ‘prescribed assets' in the governing party's election manifesto spooked foreign investors The rand suffered on Monday morning as Asian markets digested Saturday's ANC rally in Durban. Areas of concern for foreign investors from the policies announced by the ruling party ahead of this year's general election included ordering pension funds to invest in state-owned enterprises (SOEs) and maintaining Eskom's monopoly. As international banks analysed the ANC's manifesto, the rand slid 1% from Friday's R13.

Here's how Mngomezulu established her skincare business

Through a combination of financial and non-financial support, Mngomezulu's business is moving faster and becoming more profitable For many, leaving a secure job to venture into the unknown world of business, is a scary thought. But businesswoman Portia Mngomezulu, chose to put her faith in her dreams. She took the plunge and resigned from her job in IT to focus on her skincare and cosmetics company.

Congo poll leaves uncertainty for miners at heart of EV revolution

The surprise outcome of the Democratic Republic of Congo's election, a vote meant to bring closure to years of turmoil under President Joseph Kabila,  has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. The Democratic Republic of Congo is the world's leading miner of cobalt, a mineral used in electric car batteries which has seen a surge in demand in recent years, with mines run by firms including Glencore and China Molybdenum. Opposition candidate Felix Tshisekedi was declared the winner of last month's chaotic vote on Thursday, defeating Kabila's chosen successor, Emmanuel Ramazani Shadary.

Market confident about Alexander Forbes despite executive changes

Analysts say the pension fund administrator remains trustworthy and the market will probably take its time in judging the new management team The exodus of Alexander Forbes executive management in the past few months is unsettling but the market is unlikely to judge the company harshly, say analysts. Instead, performance of the pension fund administrator's stocks will be more dependent on how well new CEO Dawie de Villiers is able to implement his turnaround strategy. "The current situation is unsettling for the business, and it will require hard work and a consistent message to stabilise the organisation that is highly reliant on its people," said Karl Gevers, head of research at Benguela Global Managers.

Accenture makes multiple buys

Welcome to my first column of 2019. As seems to be the norm over the holiday season, the international ICT market has been dominated by over 50 acquisitions or investments during the past six weeks, including several by Accenture. Dell's listing was also in the spotlight.

Steinhoff weighs its next move after Andreas Seifert bombshell

The implementation of the company voluntary arrangement will now be delayed until the application brought by German entity associated with Seifert Embattled furniture retailer Steinhoff is facing a new challenge to its attempts to strengthen its balance sheet, with former business partner Andreas Seifert opposing an agreement reached with creditors in December. The deal, referred to as a company voluntary arrangement (CVA), was reached with and approved by an overwhelming majority of creditors in December and two Steinhoff subsidiaries, Steinhoff Europe AG (SEAG), and Steinhoff Finance Holding Gmbh (SFHG). The implementation of the CVA would now be delayed until the application brought by LSW, a German entity associated with Seifert, had been resolved, Steinhoff said in a statement on Friday.

GLOBAL MARKETS-Asian shares pause near 1-1/2-mth highs before China data

* Asian stock markets : tmsnrt.rs/2zpUAr4 * MSCI ex-Japan mostly flat, Tokyo on public holiday * Chinese trade data due later in the day * Investors expect volatility to increase this week By Swati Pandey SYDNEY, Jan 14 (Reuters) - Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world's second-biggest economy is dragging on global growth. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed at 490.

Yellow vests hold back Richemont's sales

Yellow vests hold back Richemont's sales Published Date: 2019-01-14 | Source: Stephen Gunnion | Author: Stephen Gunnion | Comments The luxury goods group says European sales were affected by social unrest in France but Chinese sales steamed ahead. Violent protests by activists wearing yellow vests, the so-called 'gilets jaunes', curbed Richmont's European sales in the three months to end December. It says the social unrest in France negatively impacted tourism and led to store closures for six consecutive Saturdays over the quarter.

Steinhoff's CVA hits a snag

Steinhoff's CVA hits a snag Published Date: 2019-01-14 | Source: Stephen Gunnion | Author: Stephen Gunnion | Comments LSW, an entity related to former business partner Andreas Seifert, has challenged Steinhoff Europe's business rescue process. Steinhoff's plans to enter one of its European holding companies into a voluntary arrangement (CVA) have been hindered by former business partner Andreas Seifter. The furniture conglomerate says LSW, a company claiming to be a creditor of Steinhoff Europe (SEAG) has challenged the business rescue proposed last month.

Days of Zondo: Jacob Zuma: State Capture's Number One suspect

Former South African President Jacob Zuma appears in court during his ongoing corruption case held at the KwaZulu-Natal High Court in Pietermaritzburg, South Africa, 30 November 2018. Zuma faces 16 charges of corruption, fraud, money laundering and racketeering relating to 783 payments which he allegedly received in connection with the controversial multi-billion Rand arms deal. EPA-EFE/ROGAN WARD / POOL Former President Zuma leads the pack of implicated parties at the State Capture inquiry while 12 current and former Cabinet ministers who served in his administration have also been issued with official notices that they have a case to answer in one of South Africa's biggest post-apartheid scandals.

Perspective: Ramaphosa/Zuma bromance may have won KZN, but it's imperilled the battle against State Capture

Former president Jacob Zuma (L) and President Cyril Ramaphosa (R) at the wreath laying ceremony of former party president John Dube as part of the African National Congress (ANC) 107th anniversary and election manifesto launch events in Durban, South Africa, 08 January 2019. The country will be holding its 5th democratic election in May, 25 years after the end of Apartheid in 1994. The ANC have been in power since the end of the all-white rule of the NP (National Party).

Doing business in Africa in 4IR: Time to change

Thembokuhle Shongwe, an up-and-comping South African entrepreneur. Photo: Supplied JOHANNESBURG - Thembokuhle Shongwe, an up-and-comping South African entrepreneur, has had to change tack from the traditional ways of doing business and confront new frontiers brought about by technological advances and the Fourth Industrial Revolution (4IR). "People must get on to the technology bandwagon to do business, a lot has changed.

UGANDA: Why every business in Uganda should provide free WiFi to customers

By JOHN IVAN KISEKKA, DIGINITED.COM Is it any beneficial for a business to provide free WiFi to customers? From big hotels and clubs to cafes and bars, WiFi is becoming a common amenity in many Kampala hangouts. We're all leading increasingly connected lives that it's impossible for most of us to spend our free time, free! Smartphones are more affordable and a common sight in many hangouts and restaurants.

Sudan's agony is our business

The persecution of one man at the hands of Sudanese President Omar al-Bashir's regime is a glimpse into suffering of more than a thousand detainees. Picture: Reuters/Mohamed Nureldin Abdallah One man's agony is just as important today as Jamal Khashoggi's was in October last year. The world in 2019 is already proving to be just as barbarous in some dark corners of the globe.

Sudan's agony is our business

The persecution of one man at the hands of Sudanese President Omar al-Bashir's regime is a glimpse into suffering of more than a thousand detainees. Picture: Reuters/Mohamed Nureldin Abdallah One man's agony is just as important today as Jamal Khashoggi's was in October last year. The world in 2019 is already proving to be just as barbarous in some dark corners of the globe.

Police launch manhunt for suspects involved in business robberies

Media Statement from Limpopo Media Centre Corporate Communication and Liaison South African Police Service The SAPS Tzaneen Cluster Task Team has launched a massive manhunt for a group of unknown armed suspects involved in two separate business robberies which occurred in the Bolobedu and Mokwakwaila Policing areas outside Tzaneen. The robberies were committed in the early hours of this morning. It is alleged that a group of about five armed suspects wearing balaclavas arrived at the local Motel at ga-Maphalle village in the Bolobedu Policing area at around 01:20.

New incentive for global business services will create jobs for youth - Davies

A new incentive for the global business services sector will create employment opportunities for youth in SA, Trade and Industry Minister Rob Davies said. The Global Business Services incentive - which came into effect on January 1, 2019 - was first launched last month by the minister in London. It replaces the previous Business Process Services Incentive, according to a statement from the department of trade and industry (dti).

Police launch massive manhunt for suspects involved in business robberies

The Saps Tzaneen Cluster Task Team has launched a massive manhunt for a group of unknown armed suspects involved in two separate business robberies which occured in the Bolobedu and Mokwakwaila Policing areas outside Tzaneen. The robberies were committed in the early hours of this morning on 2019-01-13. It is alleged that a group of about five armed suspects wearing balaclavas arrived at the local Motel at ga-Maphalle village in the Bolobedu Policing area at around 01h20.

Business The hunt for Africa's next Tech Startup

Start-ups in Africa have been called to submit their applications for a chance to pitch at this year's Africa Startup Summit. At the 3 day programme, 10 start-ups get the chance to pitch before an audience of over 400 investors, corporate partners, and business accelerators. The summit which is set to hold in Kigali between February 13th-15th, will focus on encouraging collaborations, and creating connections between investors, corporate stakeholders and start-ups.

No-deal Brexit 'can't be managed': UK business chief

LONDON - A no-deal Brexit "cannot be managed", is "certainly not desirable" and "the economic consequences would be profound, widespread and lasting", the head of Britain's main business lobby group said Friday. Carolyn Fairbairn, head of the Confederation of British Industry, used a speech to call also on the government to immediately set out a plan to avert a no-deal Brexit and protect jobs should parliament on Tuesday vote against its Brexit deal agreed with Brussels. "Make no mistake, no-deal cannot be 'managed'," Fairbairn told bosses gathered in Bristol, southwest England.

South Africa suffers capitalist crisis déjà vu

A year ago, the majority of South Africans stared into the abyss. They faced either a continuation of corrupt misrule by a stereotypical kleptocrat—Jacob Zuma—whose anti-imperialist rhetoric failed to disguise worsening austerity, or a potentially dramatic change of political direction toward liberal capitalism. [ 1]  Next door in Zimbabwe, Robert Mugabe had just been pushed out in a wildly popular palace coup that at least superficially shared South Africa's ideological overtones, given that his successor, Emmerson Mnangagwa, also courts big business while maintaining a liberal veneer.

Regional African Group Urges Congo Presidential Vote Recount

The Democratic Republic of Congo should recount votes of last month's election, which the runner-up in the presidential contest claims was rigged, the Southern African Development Community said in an unusual intervention after a member state's elections. Opposition leader Felix Tshisekedi was declared the surprise winner of the Dec. 30 presidential poll.

Zimbabwe on edge as it announces re-introduction of local currency

The government of President Emerson Mnangagwa has resisted re-dollarisation of the economy. File Photo: IOL HARARE - Zimbabwe was on edge on Sunday in anticipation of further price hikes after the government raised the price of fuel by more than 200 percent just a few hours after Finance Minister Mthuli Ncube announced that the country was all but set to introduce a local currency in the next 12 months as Harare battles a debilitating cash crunch. Hard currency shortages have grounded business and raised the cost of living for Zimbabweans as inflation - propelled by a thriving parallel market for forex - wreaks havoc on the economy.

Downing Bud Light's large debt

AB InBev once tagged Bud Light as "the perfect beer for whatever happens", has to convince investors that its debt should be viewed in the same way..

Free State: 2 dead, 3 injured in Bloemfontein crash on N6

Free State: At 11H57 Sunday morning Netcare 911 responded to reports of a serious collision on the N6 Bloemfontein. Reports from the scene indicate that the driver of a light motor vehicle with five occupants lost control resulting in a rollover. Sadly two people were declared deceased on the scene when they were ejected from the vehicle in the crash.

Online sales boost luxury goods group Richemont's earnings

Johann Rupert's Richemont, the luxury goods group that was initially cautious about e-commerce, has seen online businesses YOOX Net-a-Porter (YNAP) and Watchfinder giving its earnings a handy boost. The Swiss-based group, which owns, among others, the Cartier and Van Cleef & Arpels brands, said YNAP's contribution was the main reason sales were up 25% to €3.91bn for the third quarter to end-December.

Rob Rose's Steinheist exposes SA's biggest corporate fraud

Financial Mail editor Rob Rose reveals the real inside story behind Steinhoff The Steinhoff crash wiped more than R200bn off the Johannesburg Stock Exchange, erased more than half the wealth of tycoon Christo Wiese and knocked the pension funds of millions of ordinary South Africans. When this investors' darling was exposed as a house of cards, tales of fraudulent accounting, a lavish lifestyle involving multimillion-rand racehorses and ructions in the ‘Stellenbosch mafia' made headlines around the world. As regulators tally up the cost, Financial Mail editor Rob Rose reveals the real inside story behind Steinhoff.

Downing Bud Light's large debt

AB InBev, the makers of Budweiser, announced this week that it was issuing bonds with maturities as long as 40 years. Photo: AP INTERNATIONAL - Anheuser-Busch (AB) InBev once tagged Bud Light as "the perfect beer for whatever happens", now has to convince investors that its long-term debt should be viewed in the same way. The world's largest brewer announced this week that it was issuing bonds with maturities as long as 40 years, with proceeds used in part to buy back up to $11 billion of notes due from 2021 to 2026.

Zimbabwe to introduce new currency

Economically struggling Zimbabwe would introduce a new currency in the next 12 months, the country's finance minister said, as a shortage of US dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest. Zimbabwe abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic meltdown, adopting the greenback, the rand and UK sterling. But, without enough hard currency to back up the $10 billion of electronic funds trapped in local bank accounts, businesses and public servants are demanding payment in cash, which can be deposited and used to make payments both inside and outside the country.

Gauteng: Driver hospitalised in serious condition after crashing into tree.

Gauteng: At 02H00 Sunday morning Netcare 911 responded to reports of a collision on JG Strijdom road in Weltevredenpark Roodepoort. Reports from the scene indicate that the driver of a light motor vehicle lost control crashing into a tree. The patient sustained serious injuries and was treated on scene by an Advanced life support paramedic.

KZN: 16-year-old hospitalized after non-fatal drowning at Nyoni Pools in Amanzimtoti.

KwaZulu-Natal: At 13H00 Sunday afternoon Netcare 911 responded to reports of a drowning at Nyoni Pools in Amanzimtoti. Reports from the scene indicate that a 16-year-old male was found unresponsive by bathers. Lifeguards were alerted who immediately started CPR after finding him unresponsive and not breathing.

Durban: 4-year-old boy crushed to death by garage door.

KwaZulu-Natal: At 10H26 Sunday morning Netcare 911 responded to reports of a child who was injured at a residence in Montclair, Durban. Reports from the scene indicate that a 4-year-old male had been crushed by a garage door. The child was assessed by an Advanced life support paramedic and found to have no signs of life and Tragically declared deceased at the scene.

Congo poll leaves uncertainty for miners at heart of EV revolution

JOHANNESBURG (Reuters) - The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila - has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. FILE PHOTO: A miner sleeps in a coltan mine in Birambo, Masisi territory, North Kivu Province of Democratic Republic of Congo, December 1, 2018. REUTERS/Goran Tomasevic/File Photo Democratic Republic of Congo is the world's leading miner of cobalt, a mineral used in electric car batteries which has seen a surge in demand in recent years, with mines run by firms including Glencore and China Molybdenum.

Zimbabwe plans new currency as dollar shortage causes economic chaos

Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars plunged the financial system into disarray. Picture: Reuters/Philimon Bulawayo Harare - Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close. In the past two months, the southern African nation has suffered acute shortages of imported goods, including fuel whose price was increased by 150 percent on Saturday.

Zimbabwe plans new currency as dollar shortage causes economic chaos

Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars plunged the financial system into disarray. Picture: Reuters/Philimon Bulawayo Harare - Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close. In the past two months, the southern African nation has suffered acute shortages of imported goods, including fuel whose price was increased by 150 percent on Saturday.

Zimbabwe plans new currency as dollar shortage bites - finance minister

Demand for cash payments rises amid dollar shortages. Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close. In the past two months, the southern African nation has suffered acute shortages of imported goods, including fuel whose price was increased by 150% on Saturday.

10 New year resolutions to help grow your bank balance

Alexander Forbes Financial Planning Consultant Jaco Prinsloo gives 10 easy ways to help you save money in 2019 with a few money-saving resolutions. New Year, new me Some of your New Year resolutions might require some new equipment such as a bicycle, trainers or a set of golf clubs. This should not be seen as a shopping opportunity but rather one to save your bank balance.

The 5 South Africans that made the Forbes' Wealthiest Africans list

- Forbes releases list of Africa's richest billionaires and five South Africans made the list - Nicky Oppenheimer, Johann Rupert, Koos Bekker, Patrice Motsepe and Michiel le Roux were named among Africa's top billionaires - This is the eighth year in a row that Dangote would top the list as the richest billionaire in Africa PAY ATTENTION: Cl ick "See First" under the "Following" tab to see Briefly.co.za News on your News Feed! Five South Africans have topped the list of Africa's richest billionaires in Forbes' newly released ranking for 2019.

Report: SIU waiting for responding papers in application to nullify Eskom, Tegeta deal

The Special Investigating Unit is waiting for responding papers to be filed in its court application to have a R3.7bn coal supply contract between Eskom and Gupta-linked mining company Tegeta declared illegal and invalid soon. City Press reports that the contract between Tegeta and the power utility was concluded for the period 2015 - 2025, meaning that, unless it is set aside, it will endure for seven more years.

Gauteng: Body found floating in Vaal River.

Gauteng: At 14H50 Saturday afternoon Netcare 911 responded to reports of a drowning in the Vaal River at the Vereeniging Industrial Park. Reports from the scene indicate that the body of an adult male was found floating in the water by a group of people on a boat. The deceased male was pulled out the water by the SAPS Waterwing.

SIU waiting for responding papers in application to nullify Eskom, Tegeta deal

The Special Investigating Unit was waiting for responding papers to be filed in its court application to have a coal supply contract between Eskom and Gupta-linked mining company Tegeta declared illegal and invalid soon. The SIU, an investigative body that conducts investigations at the request of the president, is looking to have the the contract worth R3.7bn set aside.

Man killed, two injured in Cape Town shooting

One man was shot dead and two others were wounded in a shooting incident on 8th Avenue in Athlone, Cape Town, paramedics said. File picture: Pexels Cape Town - One man was shot dead and two others were wounded in a shooting incident on 8th Avenue in Athlone, Cape Town on Saturday night, paramedics said. ER24 paramedics, along with the Life Healthcare, arrived on the scene to find the local authorities already in attendance, ER24 spokesman Russel Meiring said.

Shooting incident leaves one dead, two injured in Athlone

One man was killed and two others injured yesterday evening following a shooting incident on 8th Avenue in Athlone, Cape Town Western Cape . ER24 paramedics, along with the Life Healthcare, arrived on the scene to find the local authorities already in attendance. On closer inspection, paramedics found that one man had sustained a fatal gunshot wound.

Man shot dead, two others wounded in Cape Town shooting incident

One man was shot dead and two others were wounded in a shooting incident on 8th Avenue in Athlone, Cape Town on Saturday night, paramedics said. ER24 paramedics, along with the Life Healthcare, arrived on the scene to find the local authorities already in attendance, ER24 spokesman Russel Meiring said. On closer inspection, paramedics found that one man had sustained a fatal gunshot wound.

Man killed, two injured in Cape Town shooting

One man was shot dead and two others were wounded in a shooting incident on 8th Avenue in Athlone, Cape Town, paramedics said. File picture: Pexels Cape Town - One man was shot dead and two others were wounded in a shooting incident on 8th Avenue in Athlone, Cape Town on Saturday night, paramedics said. ER24 paramedics, along with the Life Healthcare, arrived on the scene to find the local authorities already in attendance, ER24 spokesman Russel Meiring said.

Man killed, two injured in Cape Town shooting

Cape Town - One man was shot dead and two others were wounded in a shooting incident on 8th Avenue in Athlone, Cape Town on Saturday night, paramedics said. ER24 paramedics, along with the Life Healthcare, arrived on the scene to find the local authorities already in attendance, ER24 spokesman Russel Meiring said. On closer inspection, paramedics found that one man had sustained a fatal gunshot wound.

Zimbabwe to introduce new currency

Economically struggling Zimbabwe would introduce a new currency in the next 12 months, the country's finance minister said, as a shortage of US dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest. Zimbabwe abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic meltdown, adopting the greenback, the rand and UK sterling. But, without enough hard currency to back up the $10 billion of electronic funds trapped in local bank accounts, businesses and public servants are demanding payment in cash, which can be deposited and used to make payments both inside and outside the country.

Deal? What deal? - asks 'Please Call Me' inventor

The inventor of "Please Call Me" has rejected with contempt the announcement by Vodacom that the cellphone giant has reached a financial settlement agreement with him. "This is not true. The offer that they claim to be making me is ridiculous and insulting and we are not accepting it‚" said Nkosana Makate.

Mr Jooste, you've been served

The former Steinhoff head honcho alongside several directorshave been hit with lawsuit from investors seeking to recoup their heavey losses.

Battle-scarred Steinhoff tries to rise again

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Gauteng: 1 dead, 2 injured on N1 Buccleuch crash

Gauteng: At 14H09 Saturday afternoon Netcare 911 responded to reports of a serious collision on the N3/N1 split. Reports from the scene indicate that a light motor vehicle and three motorcycles were involved in a collision. Sadly one of the motorcyclists was declared deceased and two other motorcyclists sustained moderate injuries.

Gauteng: 1 dead another critical in N17 rollover

Gauteng: At 18H18 Saturday evening Netcare 911 responded to reports of a serious collision on the N17 Germiston. Reports from the scene indicate that the driver of a light delivery vehicle lost control resulting in a rollover. One person an adult male was sadly declared deceased on the scene.

Oliviers keep Proteas in the ascendancy

Duanne Olivier collected his third five-wicket haul of the Castle Lager Test Series to give the Standard Bank Proteas an invaluable first innings lead on the second day of the third Test match at the Bidvest Wanderers Stadium on Saturday. Olivier could have had four five-wicket hauls but for a dropped catch in the second match at PPC Newlands and his series tally of 21 improves on the previous record against Pakistan of 20 held by Dale Steyn. He still has a second innings to go in the series and has the chance to break a record that has stood for well over a century.

Vodacom's full statement on Please Call Me - We just need Makate's banking details

Vodacom has issued a full statement on the matter between it and Please Call Me "inventor" Kenneth Makate. Vodacom stated last night that it was paying out "reasonable compensation" to Makate for his idea to develop the call-back service. "Vodacom can confirm that the group CEO [Shameel Joosub] has met with the legal representatives to convey his decision and determination on reasonable compensation," said Vodacom spokesman Byron Kennedy.

The coffee shop office: benefits and challenges of flexible working

Businesspeople are trading their formal suits for smart casual work attire as the formal office appears to be giving way to comfortable work spaces at home and, at times, in coffee shops, write David Lancaster and Munya Gwanzura. Lancaster is a leadership coach and former senior partner of Webber Wentzel and Gwanzura is head of dispute resolution at Barloworld and a former partner of Webber Wentzel. The introduction of new technology has enabled businesses to find better ways of achieving operational efficiency, including moving away from the traditional model, that requires employees to be physically present in the office, towards more alternative and flexible working arrangements.

Pakistan stun Proteas in final session

PAKISTAN produced an inspired spell of reverse swing bowling in the period immediately after the tea interval to tear through the Standard Bank Proteas middle and lower order on the opening day of the final Castle Lager Test match at the Bidvest Wanderers Stadium on Friday. The Proteas, having won the toss on a good batting strip, enjoyed two sparkling sessions of confident and productive strokeplay as they reached 226/3 at the tea interval. But everything changed when Mohammed Abbas and Mohammed Amir led the way as the Proteas were sent packing for 36/7 in the space of 19.

Zimbabwe plans new currency as dollar shortage bites: Finance Minister

HARARE - Zimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of US dollars plunges the financial system into disarray , forcing businesses to close and threatening unrest. The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand. But without enough hard currency to back up the $10-billion of electronic funds trapped in local bank accounts, businesses and civil servants are demanding payment in cash which can be deposited and used to make payments both inside and outside the country.

Pakistan fight back hard in final session at the Wanderers

Pakistan produced an inspired spell of reverse swing bowling in the period immediately after the tea interval to tear through the Proteas middle and lower order on the opening day of the final Test at the Wanderers on Friday. The Proteas, having won the toss on a good batting strip, enjoyed two sparkling sessions of confident and productive strokeplay as they reached 226/3 at the tea interval. But everything changed when Mohammed Abbas and Mohammed Amir led the way as the Proteas were sent packing for 36/7 in the space of 19.

Zimbabwe Plans New Currency As Dollar Shortage Bites

HARARE - Zimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.

Serapian: Turning a Pearl into a major success

One brand very much on the move at Pitti this week was Serapian, the Milanese leather goods specialist acquired by luxury giant Richemont in November 2017. Serapian - Fall/Winter 2019-20 - Photo: Richemont  At Pitti, the house showed some beautifully swish four-wheeler weekend bags, done in mosaico, its signature woven leather. Other weekend trolleys come in polycarbonate, with elegant curved tops and hyper-precise hardware, weighing just 3.

Zimbabwe plans new currency as dollar shortage bites - Finance Minister

By MacDonald Dzirutwe HARARE (Reuters) - Zimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.

AB InBev considers partial IPO of Asian business -bankers

* AB InBev debt soared after $100 bln-plus SABMiller acquisition * Net debt/EBITDA multiple more than double target * Multibillion-dollar Hong Kong listing discussed -banking source * Amount envisaged for IPO $2-3 bln (Adds banker saying $2-3 bln IPO envisaged) By Philip Blenkinsop and Julia Fioretti BRUSSELS/HONG KONG, Jan 12 (Reuters) - Anheuser-Busch InBev , the world's largest brewer, is considering raising billions of dollars in a partial flotation of its Asian operations, two Asian banking sources said, in a deal that would help to ease its debt burden. The Belgium-based maker of Budweiser, Corona and Stella Artois has been discussing a possible multibillion-dollar listing in Hong Kong, one banker said on Friday. AB InBev declined to comment on the matter.

Deal? What deal? - asks 'Please Call Me' inventor

The inventor of "Please Call Me" has rejected with contempt the announcement by Vodacom that the cellphone giant has reached a financial settlement agreement with him. The inventor of "Please Call Me" has rejected with contempt the announcement by Vodacom that the cellphone giant has reached a financial settlement agreement with him. "This is not true.

Zimbabwe plans new currency as dollar shortage bites: Finance Minister

HARARE - Zimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of US dollars plunges the financial system into disarray , forcing businesses to close and threatening unrest. The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand. But without enough hard currency to back up the $10-billion of electronic funds trapped in local bank accounts, businesses and civil servants are demanding payment in cash which can be deposited and used to make payments both inside and outside the country.

Gauteng: 13 injured in Randburg Taxi crash.

Gauteng: At 09H28 Saturday morning Netcare 911 responded to reports of a collision on the Pretoria Main road in Midrand. Reports from the scene indicate that the driver of a mini-bus taxi lost control resulting in the vehicle crashing down an embankment. A total of Thirteen patients were injured in the collision and once treated were transported by various ambulance services to hospital for further assessment.

Westville foster home welcomes upgrade

IN honour of Madiba's centenary birthday, FMI a division of Bidvest Life Limited, launched a 100-Day Home Makeover of the Vukukhanye Children's Foster Home in Westville. FMI revealed the newly-revamped home in a ribbon-cutting ceremony recently and was celebrated in a family-style braai for staff. A collaborative staff exercise, this project commemorates the lifetime of service Nelson Mandela gave to South Africans, by giving back to those in need.

Zimbabwe plans new currency as dollar shortage bites - Finance Minister

Mthuli Ncube told a town hall meeting late on Friday that a new local currency would be introduced in less than twelve months. | HARARE - Zimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of United States dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest. The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand.

Pakistan stun SA in Day's 1 final session

Pakistan produced an inspired spell of reverse swing bowling in the period immediately after the tea interval to tear through the Standard Bank Proteas middle and lower order on the opening day of the final Castle Lager Test match at the Bidvest Wand The Proteas, having won the toss on a good batting strip, enjoyed two sparkling sessions of confident and productive strokeplay as they reached 226/3 at the tea interval. But everything changed when Mohammed Abbas and Mohammed Amir led the way as the Proteas were sent packing for 36/7 in the space of 19.4 overs.

Deal? What deal? - asks 'Please Call Me' inventor

The inventor of "Please Call Me" has rejected with contempt the announcement by Vodacom that the cellphone giant has reached a financial settlement agreement with him. "This is not true. The offer that they claim to be making me is ridiculous and insulting and we are not accepting it," said Nkosana Makate.

Zimbabwe plans new currency as dollar shortage bites - Finance Minster

* Demand for cash payments rises amid dollar shortages * Zimbabwe has two weeks import cover, needs 6 months reserves * Zimbabweans still traumatised by memories of hyperinflation By MacDonald Dzirutwe HARARE, Jan 12 (Reuters) - Zimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.

Prices gain as stock markets falter

(Updates prices) * Weak stock markets boosts bond buying * End of new Treasury supply removes weight from market * U.S. consumer prices fell in December By Karen Brettell NEW YORK, Jan 11 (Reuters) - U.

PE Business News: The Cottage Private Guest Suite

PE : The Cottage Private Guest Suite : Promote your business on BuyPE and MyPR. The Cottage Private Guest Suite: We are from Port Elizabeth, South Africa. Mark is an entrepeneur with his own Company and does traveling for business.

Stutterheim activist group to persuade business to continue investment

Professionals and activists calling themselves the Amahlathi Concerned Group say they will engage the business community in Stutterheim in the Eastern Cape to persuade them to continue investing in this area. This after a vaseline-producing company announced on Friday that it would no longer expand its operations in the rural town due to ongoing political instability. The town has been marred by violent protests led by disgruntled youths since September 2017.

AB InBev considers partial IPO of Asian business -bankers

* AB InBev debt soared after $100 bln-plus SABMiller acquisition * Net debt/EBITDA multiple more than double target * Multibillion-dollar Hong Kong listing discussed -banking source * Amount envisaged for IPO $2-3 bln (Adds banker saying $2-3 bln IPO envisaged) By Philip Blenkinsop and Julia Fioretti BRUSSELS/HONG KONG, Jan 12 (Reuters) - Anheuser-Busch InBev , the world's largest brewer, is considering raising billions of dollars in a partial flotation of its Asian operations, two Asian banking sources said, in a deal that would help to ease its debt burden. The Belgium-based maker of Budweiser, Corona and Stella Artois has been discussing a possible multibillion-dollar listing in Hong Kong, one banker said on Friday. AB InBev declined to comment on the matter.

Business community says Ramaphosa should prioritise addressing unemployment

DURBAN - As the African National Congress (ANC) prepares to launch its election manifesto, labour organisations and the business community say addressing the country's high unemployment and economic growth should be top on the agenda. President Cyril Ramaphosa is set to launch the party's manifesto at the Moses Mabhida Stadium on Saturday morning. Black Business Council president Sandile Zungu says the business community expects from the manifesto to address the issue of youth employment in the country.

8 ways to improve your chances of securing funding for your business

While the failure rate of small businesses in the country is high, they remain the backbone of the economy, providing the majority of the job opportunities and contributing significantly to GDP. With the recent announcement of government job cuts over the next three years and with only 22% of corporate CEOs being "very confident" of their company's growth in the next 12 months, the country is depending on the small business sector to deliver jobs. To achieve this, a supportive environment must be created to bolster small business survival and to facilitate growth, says Darlene Menzies, CEO of Finfind.

#ANC107: Business comm says Ramaphosa should prioritise addressing unemployment

President Cyril Ramaphosa is set to launch the party's manifesto at the Moses Mabhida Stadium on Saturday morning. | DURBAN - As the African National Congress (ANC) prepares to launch its election manifesto, labour organisations and the business community say addressing the country's high unemployment and economic growth should be top on the agenda.President Cyril Ramaphosa is set to launch the party's manifesto at the Moses Mabhida Stadium on Saturday morning.

Business South African tech startup secures $1.85 million boost in Series A funding, expands globally

South African public transport data and technology startup, WhereIsMyTransport has secured funding worth $1.85 million and expanded its footprints by adding the first Indian, Southeast Asian and Latin American cities to its platform. The startup, which This investment has been secured as WhereIsMyTransport expands its digital mapping of formal and informal public transport networks into new emerging markets, including its first data collection projects in India and Latin America.

Uitenhage police probe business robbery after three men hit a retail store

Media Statement from Eastern Cape Media Centre Corporate Communication and Liaison South African Police Service Uitenhage: Police are investigating a business robbery case after three armed men hit a retail store in Uitenhage. Today around 16:30, it is alleged that three men armed with firearms stormed into a retail store in Caledon Street, Uitenhage. Suspects allegedly threatened everyone that were at the store and forced them to move to the back of the store.

Four Ways The Business Of Music Videos Will Transform In 2019

Technology is transforming the business of music videos along the axes of aesthetics, delivery and monetization—with artists like Ariana Grande, Kanye West, Tierra Whack and Chantel Jeffries already moving the needle..

Logging in to your bank account is now a $3bn business

Startup company, Plaid facilitates a connection with your bank when a checking account is linked to Venmo or used for bitcoin purchases. When you link your checking account to Venmo or use it to buy bitcoins, a startup called Plaid is likely facilitating the connection with your bank. You punch in your user name and password; Plaid checks those credentials with the financial institution and if they're accurate, passes banking information back to the app.

We'll help with Russia sanctions fall-out, German minister tells business

BERLIN, Jan 11 (Reuters) - Germany will try to protect German and European companies from some potentially "massive collateral damage" if Washington levies further sanctions against Russia, Foreign Minister Heiko Maas said on Friday. Maas, speaking on Friday at a new year reception of the German Committee on East European Economic Relations, an industry group, said he expected the newly elected U.S.

We'll help with Russia sanctions fall-out, German minister tells business

BERLIN, Jan 11 (Reuters) - Germany will try to protect German and European companies from some potentially "massive collateral damage" if Washington levies further sanctions against Russia, Foreign Minister Heiko Maas said on Friday. Maas, speaking on Friday at a new year reception of the German Committee on East European Economic Relations, an industry group, said he expected the newly elected U.S.

Business What to expect from the first edition of the Africa Business: Health Forum set to hold in Addis Ababa

African leaders, ministers, CEOs, and representatives from the African Development Bank, African Union, and United Nations are set to convene in Addis Ababa, Ethiopia, for the inaugural Africa Business: Health Forum. The Forum set for February 12, 2019, will take place on the margins of the 32nd African Union Summit and is expected to unify Africa's key decision makers in exploring opportunities for catalyzing growth in the continent's economy, through business partnerships to invest in the health sector. The Africa Business: Health Forum is a vision of GBCHealth, the United Nations Economic Commission for Africa (UNECA), and the Aliko Dangote Foundation.

Business Uber introduces a new service for the disabled and elderly in Nairobi

On January 3rd, Uber announced the launch of UberASSIST in Nairobi Kenya, a specialized cab service that caters for riders with special access needs. The service is an initiative of the global transportation network company to facilitate accessibility for all by providing transportation options. "Moving around your city should be quick and convenient for all.

Business Kenya's effort to fully revive its railway services

Kenya Railways has increased the number of train trips in Nairobi for its commuters. It shared a new schedule last week alongside intentions to purchase more diesel multiple units through twitter. This would allow for the transportation of more people every morning and evening.

Here are Africa's top billionaires of 2019

One of the most anticipated lists in the world is the Forbes billionaire list that comes out every year in different categories. Being a billionaire is the world's most envious status with only a select few being able to reach such heights. Every year, it brings with it various discussions, debates and new discoveries with names leaving and debuting on the list.

Vodacom pays ex-worker for `Please Call Me' idea

Vodacom Group Ltd is paying out "reasonable compensation" to a former employee of the South African mobile-network operator for his idea to develop a popular call-back service after a former chief executive officer first took credit for the product. The settlement comes almost a decade after Kenneth Makate started court proceedings against Vodacom for credit and financial compensation for the service that allows customers with a zero balance on their mobile phones to contact someone free of charge with the SMS message ‘Please Call Me.' "Vodacom can confirm that the group CEO has met with the legal representatives to convey his decision and determination on reasonable compensation," spokesman Byron Kennedy in a response to questions.

Vodacom to pay ex-worker for "Please Call Me" idea

Vodacom Group Ltd. is paying out "reasonable compensation" to a former employee of the South African mobile-network operator for his idea to develop a popular call-back service after a former chief executive officer first took credit for the product. The settlement comes almost a decade after Kenneth Makate started court proceedings against Vodacom for credit and financial compensation for the service that allows customers with a zero balance on their mobile phones to contact someone free of charge with the SMS message ‘Please Call Me.

Potent Belgian brew takes historic non-alcoholic turn

A Belgian brewer will make history when it produces the first non-alcoholic version of one of the country's celebrated and powerful abbey beers. Known for complex flavours and high alcohol content, the ales are brewed by monks or on licence and have long been praised as a central part of Belgium's cultural heritage. Now, AB InBev, the world's largest brewing company, is to launch a zero alcohol version of its Leffe beer, which has a history dating back to 1240 and normally packs a 6.

Vodacom settles ‘please call me' dispute, but won't disclose terms

Vodacom Group CEO Shameel Joosub Vodacom is paying out "reasonable compensation" to a former employee of the South African mobile network operator for his idea to develop a popular call-back service after a former CEO first took credit for the product. The settlement comes almost a decade after Nkosana Makate started court proceedings against Vodacom for credit and financial compensation for the service that allows customers with a zero balance on their mobile phones to contact someone free of charge with the SMS message "please call me". "Vodacom can confirm that the group CEO has met with the legal representatives to convey his decision and determination on reasonable compensation," spokesman Byron Kennedy in a response to questions.

Trafigura refuses to hand over emails in Brazil bribery case

By Brad Brooks SAO PAULO, Jan 11 (Reuters) - Commodities trader Trafigura has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. They may contain evidence that other top executives at Trafigura were aware of millions of dollars in bribes paid to Petrobras executives for sweetheart oil contracts, the prosecutors say.

Vodacom settles ‘please call me' dispute, but won't disclose terms

Vodacom Group CEO Shameel Joosub Vodacom is paying out "reasonable compensation" to a former employee of the South African mobile network operator for his idea to develop a popular call-back service after a former CEO first took credit for the product. The settlement comes almost a decade after Nkosana Makate started court proceedings against Vodacom for credit and financial compensation for the service that allows customers with a zero balance on their mobile phones to contact someone free of charge with the SMS message "please call me". "Vodacom can confirm that the group CEO has met with the legal representatives to convey his decision and determination on reasonable compensation," spokesman Byron Kennedy in a response to questions.

EXPLAINER-Mexico's fuel woes rooted in chronic theft, troubled refineries

By David Alire Garcia and Marianna Parraga MEXICO CITY, Jan 11 (Reuters) - President Andres Manuel Lopez Obrador has launched the most sweeping attack against rampant corruption and organized crime of his young administration: aiming to stop a growing fuel theft racket that has grown dramatically in recent years. The new leader is seeking to stem the theft from key pipelines that transport fuel, but the effort to re-route distribution via trucks has provoked long lines at gas stations while threatening to crimp the economy and damage his popularity if shortages persist. Since last month, veteran leftist Lopez Obrador has ordered the closure of six major pipelines especially vulnerable to illegal taps where criminal gangs and other thieves have siphoned off stolen fuel worth billions of dollars.

Wall St lower as investors await corporate earnings

* U.S. consumer prices post first drop in nine months * GM surges on upbeat 2019 earnings outlook * Drop in oil prices drags energy stocks lower * Technology stocks weigh on S&P, Nasdaq * Indexes down: Dow 0.

Vodacom pays ex-worker for ‘Please Call Me' idea after deadlock

Vodacom Group Ltd. is paying out "reasonable compensation" to a former employee of the South African mobile-network operator for his idea to develop a popular call-back service after a former chief executive officer first took credit for the product. The settlement comes almost a decade after Kenneth Makate started court proceedings against Vodacom for credit and financial compensation for the service that allows customers with a zero balance on their mobile phones to contact someone free of charge with the SMS message ‘Please Call Me.

Pakistan fight back hard in final session at the Wanderers

Pakistan produced an inspired spell of reverse swing bowling in the period immediately after the tea interval to tear through the Proteas middle and lower order on the opening day of the final Test at the Wanderers on Friday. The Proteas, having won the toss on a good batting strip, enjoyed two sparkling sessions of confident and productive strokeplay as they reached 226/3 at the tea interval. But everything changed when Mohammed Abbas and Mohammed Amir led the way as the Proteas were sent packing for 36/7 in the space of 19.

Stocks ease after five-day rally; dollar rebounds

* Wall St rally pauses as investors await corporate earnings * Oil down but set for weekly gain * Dollar rises vs euro * Treasury prices gain on weakness in stocks By Saqib Iqbal Ahmed NEW YORK, Jan 11 (Reuters) - An index of world stock markets eased on Friday after a five-day winning streak, as a rally fueled by hopes that Sino-U.S. trade tensions will ease and that the U.

Africa Top10 Business News

1 What the DRC's Election Means for its Economy The prospective change of administration may spur optimism among mining investors including Glencore Plc and Barrick Gold Corp. that they can reverse elements of a fiercely disputed new industry code that raised royalties and added taxes. The African country is the world's main supplier of battery ingredient cobalt and a key source of minerals from copper to tantalum.

QUILTER PLC - TR-1: Standard form for notification of major holdings

Wrap Text TR-1: Standard form for notification of major holdings QUILTER PLC (previously, Old Mutual Wealth Management Limited) Incorporated under the Companies Act 1985 with registered number 06404270 and re-registered as a public limited company under the Companies Act 2006) ISIN CODE: GB00BDCXV269 JSE SHARE CODE: QLT Quilter plc (the "Company") TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Quilter PLC attachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer 2.

GLOBAL MARKETS-Stocks ease after five-day rally; dollar rebounds

* Wall St rally pauses as investors await corporate earnings * Oil down but set for weekly gain * Dollar rises vs euro * Treasury prices gain on weakness in stocks By Saqib Iqbal Ahmed NEW YORK, Jan 11 (Reuters) - An index of world stock markets eased on Friday after a five-day winning streak, as a rally fueled by hopes that Sino-U.S. trade tensions will ease and that the U.

The ANC's ‘not election campaign' hits the stump across KZN

Editor's note: The opinions in this article are the author's, as published by our content partner, and do not represent the views of MSN or Microsoft. Ostensibly, the ANC outreach activities - dubbed blitzes in governing party lingo - across KwaZulu-Natal are about calling people to Saturday's ANC election manifesto launch at Moses Mabhida Stadium. But as ANC top officials and National Executive Committee members traverse the province, it looks and sounds more and more like an early election campaign trail.

Vodacom pays former worker for 'Please Call Me' idea after deadlock

Vodacom Group is paying out "reasonable compensation" to a former employee of the South African mobile-network operator for his idea to develop a popular call-back service after a former chief executive officer first took credit for the product. The settlement comes almost a decade after Kenneth Makate started court proceedings against Vodacom for credit and financial compensation for the service that allows customers with a zero balance on their mobile phones to contact someone free of charge with the SMS message ‘Please Call Me.' "Vodacom can confirm that the group CEO has met with the legal representatives to convey his decision and determination on reasonable compensation," spokesman Byron Kennedy in a response to questions.

Hydrogen leap needed to aid platinum's future

JOHANNESBURG (miningweekly.com) - A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using competitively-priced renewable energy.

Vodacom pays ex-worker for ‘please call me' idea after deadlock

‘Vodacom considers the matter as finally settled and closed.' Vodacom Group is paying out "reasonable compensation" to a former employee of the South African mobile-network operator for his idea to develop a popular call-back service after a former chief executive officer first took credit for the product. The settlement comes almost a decade after Kenneth Makate started court proceedings against Vodacom for credit and financial compensation for the service that allows customers with a zero balance on their mobile phones to contact someone free of charge with the SMS message ‘Please Call Me.

Impact of 'Yellow Vests' protests on French and European companies

Jan 11 (Reuters) - The "yellow vests" movement - named after the fluorescent jackets French motorists have to carry in their vehicles - started in mid-November as a protest against a fuel tax but has since grown into a broader backlash against President Emmanuel Macron's government. Below is a list of companies which have made statements about how the protests have hit their businesses. AIR FRANCE KLM: Estimated 15 million euro hit to revenues.

Chad sacks oil minister in government reshuffle

N'DJAMENA, Jan 11 (Reuters) - Chad's President Idriss Deby on Friday dismissed Oil Minister Boukar Michel and named Finance Minister Mahamat Allali Abakar as his temporary replacement, a government decree showed. Chad produces around 130,000 barrels of oil per day and received more than $1 billion in oil-backed loans from Glencore and four bank lenders in 2014. It struck a deal with its creditors to restructure that loan last year after government revenues crashed due to low oil prices.

Gauteng: Bakkie transporting oil bursts into flames after rollover

Gauteng: At 12H45 Friday afternoon Netcare 911 responded to reports of a collision on the N1 Danie Joubert Freeway just before the Garsfontein road offramp in Moreletta Park. Reports from the scene indicate that the driver of a light delivery vehicle transporting oil lost control resulting in a rollover and subsequent fire. It was alleged that the three adult male occupants had left the scene prior to the arrival of emergency services.

Wall St on track to open lower after recent surge

* Starbucks, Yum Brands fall after Goldman downgrade * U.S. consumer prices post first drop in nine months * Netflix surges ahead of results next week * Futures down: Dow 0.

Curro launches new tech-driven school in Cape Town

Curro Holdings , South Africa's biggest independent education provider, is launching a new tech-focused schooling model, of which the first school is  Curro Foreshore . Based in the Foreshore area of Cape Town, the independent high school provides a progressive curriculum focused on Mathematics, Science, Robotics and Coding - essential subjects for learners to operate in the fourth industrial revolution era. The school will open its doors on 14 January 2019.

Gauteng: Six injured in mini-bus taxi crash.

Gauteng: At 13H06 Friday afternoon Netcare 911 responded to reports of a collision on Marlborough Road in Glenesk Johannesburg. Reports from the scene indicate that six people had sustained injuries ranging from minor to moderate in a collision between a mini-bus taxi and a small truck. Once stabilized all the patients were transported to hospital for further assessment.

Learners can now complete a National Senior Certificate Vocational at Curro Rivonia

Grade 1s from Crawford Preparatory School are excited for ‘big school' - January 9, 2019 Moving from pre-school to big school - January 9, 2019 Vulnerable bluefin tuna sells for record $3.1 million at new Tokyo fish market - 4 hours ago Female anti-poaching squads making a difference in Zimbabwe and SA - 8 hours ago Tech Thursday: 5 Brain boosting back-to-school apps - 1 day ago Water Wednesday: Cape Town water levels keep dropping - January 9, 2019 Superfoods that are easy on the pocket to help you survive this Januworry - January 9, 2019 Yvette Blignaut wins the fifth season of SABC 3's Win-A-Home - December 14, 2018 Is your home ready for fibre? Find out in a few easy steps. - December 13, 2018 Car enthusiasts can now brag thanks to Branix Media - December 12, 2018 Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December 3, 2018 Spanish feminist movement faces far-right backlash - 6 hours ago DNA request made in Cristiano Ronaldo rape case - 6 hours ago Former Nazi camp guard Palij dies months after deportation to Germany - 6 hours ago In Brexit heartland, opposition leader's words fall flat - 6 hours ago S.

Lafarge Zimbabwe appoints new chief as it battles to steady market share

Lafarge Zimbabwe has appointed a new chief executive to take charge of the company as it battles to steady market share in light of growing imports and rising competition from local rivals in a liquidity parched market. Photo: AP HARARE - Lafarge Zimbabwe has appointed a new chief executive to take charge of the company as it battles to steady market share in light of growing imports and rising competition from local rivals in a liquidity parched market. Kaziwe Siame Kaulule's appointment as new chief executive  took effect this month as he replaces Amal Naiel, who left Lafarge Zimbabwe "to pursue other personal interests" having been in charge of the company for five years.

Ramaphosa calls on private sector to assist with fighting corruption

Corruption has become a big issue that has to be addressed by the whole nation, President Cyril Ramaphosa said on Thursday. Ramaphosa told business leaders at a meeting in the Pietermaritzburg City Hall, that a number of issues, especially corruption, were hampering economic development in the country. He said the African National Congress (ANC)-led government spent the past few months dealing with those issues that "weakened" government institutions.

PSG GROUP LIMITED - Appointment Of Independent Chairman

Wrap Text Appointment Of Independent Chairman PSG Group Limited Incorporated in the Republic of South Africa Registration number: 1970/008484/06 Share code: PSG ISIN code: ZAE000013017 ("PSG Group") PSG Financial Services Limited Incorporated in the Republic of South Africa Registration number: 1919/000478/06 Share code: PGFP ISIN code: ZAE000096079 ("PSG Financial Services") APPOINTMENT OF INDEPENDENT CHAIRMAN In accordance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Mr Zitulele Luke ("KK") Combi has been appointed as the independent chairman of the boards of PSG Group and PSG Financial Services with immediate effect. KK has established himself as a leading businessman and entrepreneur over the last 30 years and was the founder of Master Currency.

HAMMERSON PLC - Notification of Transaction of PDMR

Wrap Text Notification of Transaction of PDMR Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 ("Hammerson" or "the Company") Notification of Transaction of PDMR 11 January 2019 Notification of dealing form 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Sarah Booth 2 Reason for the notification a) Position/status General Counsel and Company Secretary b) Initial notification Initial notification /Amendment 3 Details of the issuer a) Name Hammerson plc b) LEI 213800G1C9KKVVDN1A60 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary shares of 25 pence each instrument, type of instrument. Identification code ISIN: GB0004065016 b) Nature of the transaction Purchase of ordinary shares of 25 pence each as Partnership Shares and the award of Matching Shares under the Hammerson plc Share Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) £3.283 90 d) Aggregated information - Aggregated volume Aggregate Aggregate Aggregate - Price Price Volume Total £3.

FIRSTRAND LIMITED - Engagement with shareholders with regards to FirstRands remuneration policy and remuneration implementat

Wrap Text Engagement with shareholders with regards to FirstRand's remuneration policy and remuneration implementation report FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR ISIN: ZAE000066304 JSE B preference share code: FSRP ISIN: ZAE000060141 NSX ordinary share code: FST (FirstRand or the group) ENGAGEMENT WITH SHAREHOLDERS WITH REGARDS TO FIRSTRAND'S REMUNERATION POLICY AND REMUNERATION IMPLEMENTATION REPORT Shareholders are referred to the announcement dated 30 November 2018 relating to the results of voting at FirstRand's annual general meeting. The non-binding advisory resolutions on the endorsement of the remuneration policy and remuneration implementation report were not approved by the requisite majority of votes. In terms of the recommendations of the King IV Report on Corporate Governance for South Africa, 2016 and paragraph 3.

CORONATION FUND MANAGERS LIMITED - Distribution Of Notice Of Annual General Meeting And Summarised Financial Statements

Wrap Text Distribution Of Notice Of Annual General Meeting And Summarised Financial Statements CORONATION FUND MANAGERS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1973/009318/06) Share code: CML ISIN: ZAE000047353 ("Coronation" or "the Company") DISTRIBUTION OF NOTICE OF ANNUAL GENERAL MEETING AND SUMMARISED FINANCIAL STATEMENTS Coronation Fund Managers Ltd ("the Company") hereby advises shareholders of the Company ("Shareholders") that the Company's Notice to Shareholders ("the Notice") regarding its 2019 annual general meeting ("AGM"), incorporating the summarised consolidated annual financial statements of the Company for the year ended 30 September 2018, was dispatched to Shareholders today, Friday, 11 January 2019. The following will also be available on the Company's website, https://www.coronation.

REUNERT LIMITED - Update to notice of annual general meeting

Wrap Text Update to notice of annual general meeting REUNERT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share code: RLO ("Reunert" or the "Company") UPDATE TO NOTICE OF ANNUAL GENERAL MEETING Shareholders are referred to the notice of the Company's 105th annual general meeting, distributed to shareholders on 14 December 2018 ("Notice of AGM"). It has come to our attention that the proxy form relating thereto was inadvertently not enclosed in the Notice of AGM. Shareholders are advised that the relevant proxy form will be mailed to shareholders on or about 11 January 2019 and is also available on Reunert's website (https://www.

Steinhoff's salvage process stalls as former partner digs in

Steinhoff International Holdings [ JSE:SNH ] effort to rescue its European business has been delayed after a challenge from a company linked to Andreas Seifert, the beleaguered retailer's latest opposition from its former Austrian partner. LSW GmbH, "which says it's a creditor of Steinhoff Europe," is opposing a company voluntary arrangement proposed on December 14, and the agreement won't be implemented until the challenge is resolved, Stellenbosch, South Africa-based Steinhoff said in a statement Friday. LSW is "an entity related to Andreas Seifert who has a dispute ongoing in the Austrian courts against Steinhoff Europe AG," a Steinhoff spokeswoman said in an emailed response to questions.

Andreas Seifert gets his teeth into his former friends at Steinhoff - again!

EDINBURGH — Andreas Seifert is the former Steinhoff partner who has been involved in a long-running legal battle with the retail group. Steinhoff has been in serious trouble ever since Germany authorities revealed they were investigating irregularities within the company. In September, Steinhoff issued a statement that the litigation with Seifert had come to an end following a court-endorsed settlement in which Seifert repurchased the half of his furniture chain, Poco.

Markets quiet despite trade tensions, other factors

Alsi teeters up 0.1%, mining boards trading down, but retailers and banks see big movements. Food producers, retailers and banks experience a surprising uptick in share buying, while commodities counters saw little movement.

Stocks fall to pare weekly gain as energy slumps: markets wrap

Stocks are still on track for big gains this week US stocks fell Friday after a steady inflation report added to speculation that the Federal Reserve will be slow to hike rates this year and political turmoil surrounding the continuing government shutdown that grows more contentious by the day. The Treasury rose, oil dropped below $52 a barrel and the dollar was steady, putting it on track for its fourth week of declines. All major equity benchmarks were lower.

Africa Top10 Business News

1 What the DRC's Election Means for its Economy The prospective change of administration may spur optimism among mining investors including Glencore Plc and Barrick Gold Corp. that they can reverse elements of a fiercely disputed new industry code that raised royalties and added taxes. The African country is the world's main supplier of battery ingredient cobalt and a key source of minerals from copper to tantalum.

ANC Regalia business boom

Business is booming for vendors who are selling ANC Regalia in Durban ahead of the party's manifesto launch tomorrow. Over hundred thousand supporters at expected to attend the event at Durban's Moses Mabhida stadium. The police say the National Joint Operational and Intelligence Structure have put security measures in place to ensure that every person attending the ANC 107th Anniversary will feel safe.

10 tips on how to start your own business

Holistan, a psychometric consultancy firm, has come up with 10 tips that people can use when they are starting their own business. File Image: IOL DURBAN - Holistan, a psychometric consultancy firm, has come up with 10 tips that people can use when they are starting their own business. Here are the the tips: Tip #1: Do not underestimate the power of marketing In my line of work, a large proportion of what I do is intangible.

PE Business News: Van der Dussen to plug batting gap for Proteas

PE : Van der Dussen to plug batting gap for Proteas : Promote your business on BuyPE and MyPR. Van der Dussen to plug batting gap for Proteas: He has been around the domestic block for just under 11 years and his selection to the Proteas ODI squad for the Pakistan series that starts on January 19 in Port Elizabeth is the final piece in the P… […] - MyPE News Submit and get free press releases here: MyPR Free Press Release . Click here to list your business on BuyPE.

10 tips on how to start your own business

Holistan, a psychometric consultancy firm, has come up with 10 tips that people can use when they are starting their own business..

Amazon UK under fire for paying just £63m in business rates

Fresh concerns have been raised about the fairness of the UK's business rates regime after e-tail giant Amazon revealed it paid £63m in business rates last year, despite making UK revenues of more than £8bn. Amazon The company was forced to disclose its bill by MPs this week. The property tax was paid on fulfilment centres, research and development centres, corporate offices, Amazon Lockers, delivery stations and its seven Whole Foods Market stores.

AB InBev jumps on possible IPO of Asian business

(Bloomberg) -  Anheuser-Busch InBev NV shares jumped the most since 2015 after people with knowledge of the matter said the world's largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven, Belgium-based maker of Budweiser has been talking with potential advisers about the possibility of listing its Asian business, according to the people. Any deal could raise more than $5bn, the people said, asking not to be identified as the information is private.

Country's business confidence is still in decline

File Image: IOL JOHANNESBURG - South Africa's Business Confidence Index (BCI), as measured by the South African Chamber of Commerce and Industry (Sacci) in December, declined 0.9 index points from November's 96.1 points to 95.

AB InBev Soars on Possible IPO of Asian Business

Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world's largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven, Belgium-based maker of Budweiser has been talking with potential advisers about the possibility of listing its Asian business, according to the people. Any deal could raise more than $5 billion, the people said, asking not to be identified as the information is private.

Woman gushes about her good life, growing business and ‘banging body'

- @Rene_noire took to social media to share how good her life is - She said she has a "banging body," no one is cheating on her, and her business is growing - Her post sparked a flurry of congratulatory replies from her followers PAY ATTENTION : Click "See first" under the "Following" tab to see Briefly News on your newsfeed! A Nigerian woman took to Twitter recently to share just how fabulous her life is. The woman, who uses @Rene_noire as her handle, posted several stunning snaps of herself along with the caption: I'm gonna be 35 in June. My body is banging, skin glowing, my business is going well, no one is cheating on me and I'm food every other day.

AB InBev soars on possible listing of Asian business

The company's shares rose as much as 7.2%. Anheuser-Busch InBev NV shares jumped the most since 2015 after people with knowledge of the matter said the world's largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt.

Business Forbes African Billionaires List: Adenuga in a close race with Dangote who once again retained his position

Forbes list of African Billionaires reveals that Globacom Group Chairman, Mike Adenuga Jnr is shy of $800 million from Dangote Group President, Aliko Dangote whose wealth plunged to $10 million from $12 million. This makes him the second richest person in the continent while Dangote retains the first position for the 8th time in a row. The Nigerian business tycoon owns the second-largest telecom operator, Globacom which is also present in Ghana and Benin alongside an oil exploration firm, Conoil Producing and extensive real estate holdings in Nigeria.

AB InBev gains on report of Asian business IPO

(Adds more on valuation, logic of possible deal) BRUSSELS, Jan 11 (Reuters) - Shares of Anheuser-Busch InBev , the world's largest brewer, gained on Friday after a report that it was considering floating part of its Asian operations to help ease its debt burden. Bloomberg reported on Friday that the Belgium-based maker of Budweiser, Corona and Stella Artois was considering the initial public offering to unlock value after a string of acquisitions drove up its debt. AB InBev declined to comment on accuracy of the report.

German business group says U.S. mustn't sanction Europe's use of Russian gas

(Adds details, quotes) BERLIN, Jan 11 (Reuters) - Any attempts by the United States to stop Europe buying Russian gas via additional sanctions against Moscow would be an attack on the continent's sovereignty, a German business group said on Friday. The United States has threatened, but not so far levied, sanctions against European companies participating in the Nord Stream 2 pipeline, which is being built by a consortium led by Russian state gas giant Gazprom. The pipeline, which would carry gas straight to Germany under the Baltic Sea, is driving a wedge between Germany and its allies as it would deprive Ukraine of the lucrative gas transit fees it currently enjoys.

Business News - 10 Jan 2019

Another Eskom sustainability task-team member quits, Sibanye-stillwater expects lower lower gold production and a slow turnaround may be on the cards for business confidence.

AB InBev jumps on possible IPO of Asian business

(Bloomberg) -  Anheuser-Busch InBev NV shares jumped the most since 2015 after people with knowledge of the matter said the world's largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven, Belgium-based maker of Budweiser has been talking with potential advisers about the possibility of listing its Asian business, according to the people. Any deal could raise more than $5bn, the people said, asking not to be identified as the information is private.

AB InBev Soars on Possible IPO of Asian Business

Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world's largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven, Belgium-based maker of Budweiser has been talking with potential advisers about the possibility of listing its Asian business, according to the people. Any deal could raise more than $5 billion, the people said, asking not to be identified as the information is private.

Steinhoff's salvage process stalls as former partner digs in

The process can be an efficient way to reduce and rearrange debt Steinhoff International Holdings NV's effort to rescue its European business has been delayed after a challenge from a company linked to Andreas Seifert, the beleaguered retailer's latest opposition from its former Austrian partner. LSW GmbH, "which says it's a creditor of Steinhoff Europe," is opposing a company voluntary arrangement proposed on December 14, and the agreement won't be implemented until the challenge is resolved, Stellenbosch, South Africa-based Steinhoff said in a statement Friday. LSW is "an entity related to Andreas Seifert who has a dispute ongoing in the Austrian courts against Steinhoff Europe AG," a Steinhoff spokeswoman said in an ed response to questions.

Steinhoff's debt restructure plan challenged

JOHANNESBURG - A Steinhoff creditor is challenging the company's plans to restructure its convertible debt into a new secured loan. The company said on Thursday that the challenge was brought by German auditing company LSW GmbH. No reasons were given for the challenge.

AB InBev soars on potential IPO of Asian operations

The brewer's share price frothed up by 8% on Friday morning after Bloomberg reported it may separately list some of its operations AB InBev's share price jumped 8% to R1,045.79 after Bloomberg reported it is considering separately listing its Asian operations. Its shares jumped the most since 2015 after people with knowledge of the matter said it is considering an initial public offering (IPO) of its Asian operations, as the world's largest brewer looks at ways to unlock value after a string of acquisitions left it saddled with debt.

AB InBev soars on possible listing of Asian business

The company's shares rose as much as 7.2%. Anheuser-Busch InBev NV shares jumped the most since 2015 after people with knowledge of the matter said the world's largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt.

AB InBev gains on report of Asian business IPO

(Adds more on valuation, logic of possible deal) BRUSSELS, Jan 11 (Reuters) - Shares of Anheuser-Busch InBev , the world's largest brewer, gained on Friday after a report that it was considering floating part of its Asian operations to help ease its debt burden. Bloomberg reported on Friday that the Belgium-based maker of Budweiser, Corona and Stella Artois was considering the initial public offering to unlock value after a string of acquisitions drove up its debt. AB InBev declined to comment on accuracy of the report.

Steinhoff's debt restructure plan challenged

JOHANNESBURG - A Steinhoff creditor is challenging the company's plans to restructure its convertible debt into a new secured loan. The company said on Thursday that the challenge was brought by German auditing company LSW GmbH. No reasons were given for the challenge.

ANGLOGOLD ASHANTI LIMITED - BIANG - Notification of a Change in Debt Sponsor

Wrap Text BIANG - Notification of a Change in Debt Sponsor AngloGold Ashanti Limited (Incorporated in the Republic of South Africa) Reg. No. 1944/017354/06 Company Code - BIANG ("AngloGold" or the "Issuer") NEWS RELEASE NOTIFICATION OF A CHANGE IN DEBT SPONSOR Bondholders are advised that the Issuer has terminated Rand Merchant Bank (A division of FirstRand Bank Limited) as its Debt Sponsor and have appointed The Standard Bank of South Africa Limited as its Debt Sponsor, effective 31 January 2019.

SIBANYE GOLD LIMITED - Sibanye-Stillwater retains favourable debt covenant for 2019

Wrap Text Sibanye-Stillwater retains favourable debt covenant for 2019 Sibanye Gold Limited Trading as Sibanye-Stillwater Incorporated in the Republic of South Africa Registration number 2002/031431/06 Share code: SGL ISIN - ZAE000173951 Issuer code: SGL ("Sibanye-Stillwater" or "the Group" or "the Company") Sibanye-Stillwater retains favourable debt covenant for 2019 Johannesburg. 11 January 2019. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to report that all lenders of its US dollar and rand revolving credit facilities (RCF), comprising 13 leading South African and international banks, have agreed to retain the upper limit of the RCF, Net debt: Adjusted EBITDA* (ND:Adj EBITDA) covenant at 3.

Richemont says third quarter sales up 25 percent

JOHANNESBURG - Luxury goods holding company Richemont, founded by South African billionaire Johann Rupert, said on Friday sales in the third quarter ended December 21 increased by 25 percent at actual exchange rates compared to the same period in 2017. Excluding online sales platform Yoox Net-A-Porter Group (YNAP) and second-hand timepiece dealer Watchfinder.co.

US futures, Europe stocks pause as dollar drops: markets wrap

Equities are set for big gains this week US stock futures edged lower on Friday, European shares were steady and Asia equities rose at the end of a week when sentiment was bolstered by a more dovish tone from the Federal Reserve and hopes for a breakthrough on trade. The dollar slipped and Treasuries ticked higher. Contracts on the Dow, S&P and Nasdaq indexes all pointed to a soft open in New York, while the Stoxx Europe 600 Index battled to hold on to an early gain.

LIFE SELLS STAKE IN MAX HEALTHCARE FOR 3.9B RAND: STATEMENT

PRESS RELEASE 10 January 2019 DISPOSAL OF INTEREST IN MAX HEALTHCARE INSTITUTE LIMITED Life Healthcare confirms disposal of its interest in Max Healthcare in India. Further to the initial announcement on 20 September 2018, Life Healthcare CEO, Dr Shrey Viranna, today advised that Life Healthcare International Proprietary Limited ("Life Healthcare") and Radiant Life Care Private Limited ("Radiant") entered into a share purchase agreement on 24 December 2018. The deal is backed by leading global investment firm, KKR.

The ANC's ‘not election campaign' hits the stump across KZN

By Marianne Merten• 11 January 2019 Ostensibly, the ANC outreach activities - dubbed blitzes in governing party lingo - across KwaZulu-Natal are about calling people to Saturday's ANC election manifesto launch at Moses Mabhida Stadium. But as ANC top officials and National Executive Committee members traverse the province, it looks and sounds more and more like an early election campaign trail. And it seems that unity, that which the ANC proclaims it has now found among its own ranks, and working together may well be the over-arching theme of its manifesto for ANC supporters, but also as a tout for support from a broad range of citizens.

The ANC's ‘not election campaign' hits the stump across KZN

By Marianne Merten• 11 January 2019 Ostensibly, the ANC outreach activities - dubbed blitzes in governing party lingo - across KwaZulu-Natal are about calling people to Saturday's ANC election manifesto launch at Moses Mabhida Stadium. But as ANC top officials and National Executive Committee members traverse the province, it looks and sounds more and more like an early election campaign trail. And it seems that unity, that which the ANC proclaims it has now found among its own ranks, and working together may well be the over-arching theme of its manifesto for ANC supporters, but also as a tout for support from a broad range of citizens.

Richemont says third quarter sales up 25 percent

JOHANNESBURG - Luxury goods holding company Richemont, founded by South African billionaire Johann Rupert, said on Friday sales in the third quarter ended December 21 increased by 25 percent at actual exchange rates compared to the same period in 2017. Excluding online sales platform Yoox Net-A-Porter Group (YNAP) and second-hand timepiece dealer Watchfinder.co.

Bond buyers drink heartily at AB InBev's auction

The brewer's share price frothed up by 8% on Friday morning after it announced its bonds had been well received Anheuser-Busch InBev's share price jumped 8% to R1,045.79 on Friday morning after announcing it raised $15.5bn in a bond auction.

PROFILE: Incoming Huge Group COO Andy Openshaw

Quitting Reunert's corporate environment led to unexpected offers and a chance to develop entrepreneurial skills Andy Openshaw didn't really have a plan in place when he resigned from tech group Reunert late last year. He had joined the group back in 2011 when his employer, ECN Telecoms, was bought out by Reunert. Though Openshaw had started out as ECN's sales director, he soon rose to become MD of Nashua ECN, the entity created from the merger of ECN and Reunert's Nashua Mobile.

UPDATE 1-AB InBev declines to comment on report of Asian business IPO

(Adds rationale for sale) BRUSSELS, Jan 11 (Reuters) - Anheuser-Busch InBev, the world's largest brewer, declined to comment on a report that it was considering a flotation of part of its Asian operations, adding that it remained committed to its business in the region. "In line with our culture, we always look at opportunities to optimise our business and drive long-term growth and we are very committed to our business in the Asia-Pacific region and excited about the potential of this geography," an AB InBev spokeswoman said. Bloomberg reported on Friday that the Belgium-based maker of Budweiser, Corona and Stella Artois was considering an initial public offering of part of its Asian operations as a way to alleviate its debt.

Online sales boost Richemont's third-quarter results

The acquisition of e-retailers YNAP and Watchfinder pays off, lifting sales by 25% The latest earnings of Swiss-based luxury brands group Richemont, which is controlled by the Stellenbosch-based Rupert family, were significantly boosted by its acquisition of online retailers YOOX Net-a-Porter (YNAP) and Watchfinder. The group, which owns the Cartier and Van Cleef & Arpels brands, said YNAP's contribution was the main reason sales were up 25% to €3.91bn for the third quarter to end-December.

Premiums for Japan aluminium imports in Q1 fall to 2-year low

* Jan-Mar premiums mark the lowest since Oct-Dec 2016 * Lower premiums reflect slumping spot premiums amid ample supply * Buyers, traders expect Japan premiums to rise later this year * TABLE: Japan aluminium premiums (Adds quotes and details) By Yuka Obayashi TOKYO, Jan 11 (Reuters) - Premiums for aluminium shipments to Japan for January to March were agreed at their lowest in more than two years as spot premiums fell amid ample supply, said multiple sources directly involved in the pricing talks. The deals were mainly done at premiums of $85 per tonne, with a few deals done at $83 and $84, the sources said. The new premiums are down between 17 percent and 19 percent from a premium of $103 per tonne in the previous quarter, marking the second consecutive quarterly drop and the lowest since the fourth quarter of 2016.

CX Strategy according to Multichoice, Hollard, African Bank, FNB, ABSA, Comair, Uber and many more

Corinium Global Intelligence announced that it will be hosting an all-encompassing event, Customer 360 Africa 2019 , that will cover all aspects of the entire customer experience journey. It has recruited a wide range of industry leaders set to share their experience and knowledge with attending delegates. The event will bring together 45+ passionate customer centric professionals over three days of interactive knowledge sharing.

AB InBev declines comment on report of Asian business IPO

BRUSSELS, Jan 11 (Reuters) - Anheuser-Busch InBev, the world's largest brewer, declined to comment on a report that it was considering a flotation of part of its Asian operations, adding that it remained committed to its business in the region. "In line with our culture, we always look at opportunities to optimise our business and drive long-term growth and we are very committed to our business in the Asia-Pacific region and excited about the potential of this geography," an AB InBev spokeswoman said. (Reporting by Philip Blenkinsop Editing by Alastair Macdonald).

French protests weigh on Richemont sales as China holds up

* Richemont says Europe sales disrupted in Oct-Dec quarter * China sales expanded at healthy pace, Hong Kong slowed * Excluding digital acquisitions and FX, Q3 sales up 5 pct * First big luxury group to report end of year sales (Adds analyst comments, shares) By Sarah White PARIS, Jan 11 (Reuters) - Cartier owner Richemont said "yellow vest" protests in France weighed on its sales at the end of 2018, but signalled healthy momentum within China that could bode well for some luxury goods rivals. Investors are on edge over worries that Chinese appetite for big-ticket items could wane as its economy slows, particularly after an Apple warning last week over weaker iPhone sales in the country. Further clouding the picture is a shift in spending patterns as Chinese consumers, squeezed by a falling yuan, start spending more at home, creating uncertainty for overseas tourist hotspots or shopping destinations.

Steinhoff says creditor challenges debt restructuring

South African retailer Steinhoff said on Thursday a creditor is challenging the company's plans to restructure its convertible debt into new secured loans. Steinhoff is in the middle of a cleaning up its balance sheet after discovering a multibillion euro holes in its balance sheet more than a year ago. Under the so-called company voluntary arrangement, or CVA, Steinhoff wants to restructure three series of equity-linked bonds due 2021, 2022 and 2023 into a new secured loans.

Richemont says third quarter sales up 25 percent

JOHANNESBURG, January 11 (ANA) - Luxury goods holding company Richemont, founded by South African billionaire Johann Rupert, said on Friday  sales in the third quarter ended December 21 increased by 25 percent at actual exchange rates compared to the same period in 2.

UPDATE 1-Premiums for Japan aluminium imports in Q1 fall to 2-year low

* Jan-Mar premiums mark the lowest since Oct-Dec 2016 * Lower premiums reflect slumping spot premiums amid ample supply * Buyers, traders expect Japan premiums to rise later this year * TABLE: Japan aluminium premiums (Adds quotes and details) By Yuka Obayashi TOKYO, Jan 11 (Reuters) - Premiums for aluminium shipments to Japan for January to March were agreed at their lowest in more than two years as spot premiums fell amid ample supply, said multiple sources directly involved in the pricing talks. The deals were mainly done at premiums of $85 per tonne, with a few deals done at $83 and $84, the sources said. The new premiums are down between 17 percent and 19 percent from a premium of $103 per tonne in the previous quarter, marking the second consecutive quarterly drop and the lowest since the fourth quarter of 2016.

Teleology, led by former MTN Nigeria CEO, exits 9mobile

The company, led by Adrian Wood, has pulled out just weeks after a $301m takeover of the firm Lagos — Teleology Holding, a company led by former MTN Group executive Adrian Wood, has pulled out of Nigeria's 9mobile just weeks after its $301m takeover of the firm with a group of local investors, two people familiar with the matter said on Thursday. Teleology's departure comes after disagreements with Nigerian shareholders, the sources said on condition of anonymity. They gave no further details.

Social responsibility often just about ticking boxes for SA businesses - director

Corporate Social Responsibility (CSR) is used by a lot of businesses just as a mechanism to do the least, Nozipho January-Bardill, chairperson of the UN Global Compact Local Network SA said on Wednesday. She is also a non-executive director of Anglogold Ashanti, Credit Suisse Securities and Mercedes Benz SA and took part in a debate in Cape Town organised by the Green Economy Coalition and the Green Growth Knowledge Platform. "Some businesses are only now learning about sustainable development.

Palladium prices are still not high enough

As demand for platinum wanes, its lesser-known sister metal is starting to enjoy its time in the sun Palladium, once considered an unattractive by-product of platinum mining until the rise of catalytic converters in the 1970s, is hitting new records. Spot metal peaked at an all-time high of $1,344.41 a troy ounce on Wednesday.

UPDATE 2-French protests weigh on Richemont sales as China holds up

* Richemont says Europe sales disrupted in Oct-Dec quarter * China sales expanded at healthy pace, Hong Kong slowed * Excluding digital acquisitions and FX, Q3 sales up 5 pct * First big luxury group to report end of year sales (Adds analyst comments, shares) By Sarah White PARIS, Jan 11 (Reuters) - Cartier owner Richemont said "yellow vest" protests in France weighed on its sales at the end of 2018, but signalled healthy momentum within China that could bode well for some luxury goods rivals. Investors are on edge over worries that Chinese appetite for big-ticket items could wane as its economy slows, particularly after an Apple warning last week over weaker iPhone sales in the country. Further clouding the picture is a shift in spending patterns as Chinese consumers, squeezed by a falling yuan, start spending more at home, creating uncertainty for overseas tourist hotspots or shopping destinations.

Richemont says French protests weighed on sales momentum in Europe

* Richemont says Europe sales disrupted in Oct-Dec quarter * China sales expanded at healthy pace, Hong Kong slowed * Excluding digital acquisitions and FX, Q3 sales up 5 pct (Writes through with details on China, Hong Kong) PARIS, Jan 11 (Reuters) - Cartier owner Richemont on Friday said "yellow vest" protests in France weighed on its sales momentum in the last three months of 2018, even as growth in key markets like China kept up at a healthy pace. Richemont's softer sales come amid worries that Chinese appetite for big-ticket items could wane as its economy slows, with investors on edge after a recent Apple warning over weaker iPhone sales in the country. Growth in Swiss watch exports, the best available indicator for demand in the sector, has slowed in recent months.

10 New Year's resolutions to help grow your bank balance

Jaco Prinsloo, Financial Planner Alexander Forbes Financial Planning Consultant, Jaco Prinsloo, suggests 10 easy ways to help you save money in 2019. 1)              New Year, new me Some of your New Year resolutions might require some new equipment such as a bicycle, trainers or a set of golf clubs. This should not be seen as a shopping opportunity and before you buy new equipment, try your local pawn shop or one of the many online second hand sites for easy savings.

JSE pushes higher as global equity rally continues

US stocks are on track for their longest winning streak in four months, boosted by confirmation of high-level US-China trade talks The JSE pushed higher in broad-based gains on Friday morning, with banks and retailers faring best, as risk-on trade continued to fuel an interest in equities. Dovish comments from US Federal Reserve chair Jerome Powell overnight, as well as news of high-level talks between the US and China later in January, bolstered sentiment. Analysts have noted that the performance of equities this week, even considering some bearish news, pointed to a return of some normality to markets, which had been rattled by geopolitical events throughout 2018.

Navigating IT governance in the digital age

Find out how to navigate IT governance in the digital age at the #ITWebGRC2019 conference and workshop on the 20-21 February 2019 at The Forum, Bryanston. ITWeb is excited to welcome leading IT GRC professionals in South Africa to discuss IT governance best practices at the ninth annual ITWeb Governance, Risk and Compliance conference, set to take place at The Forum, Bryanston, on 20-21 February 2019. The overall theme for this year's event is: "Effective IT governance in the interconnected business world".

Curro launches new flexible tech-driven school model in Cape Town

Private education group Curro will be opening a new school next week at its Foreshore premises which will be introducing tech-driven, flexible schooling like Australia, Denmark, the UK, and the USA. CEO of Curro Holdings, Andries Greyling talks about this new addition to its offerings which will greatly benefit students interested in enhancing their technological skills. Three years ago we realised that we have to change the way we deal with education.

Curro launches new flexible tech-driven school model in Cape Town

Private education group Curro will be opening a new school next week at its Foreshore premises which will be introducing tech-driven, flexible schooling like Australia, Denmark, the UK, and the USA. CEO of Curro Holdings, Andries Greyling talks about this new addition to its offerings which will greatly benefit students interested in enhancing their technological skills. Three years ago we realised that we have to change the way we deal with education.

Vector takes major interest in DRC gold project

PERTH (miningweekly.com) - Gold developer Vector Resources is hoping to complete a definitive feasibility study (DFS) on the Adidi-Kanga gold project, in the Democratic Republic of Congo, during this year, after settling the acquisition of a 60% interest in the project. The ASX-listed Vector in July last year struck a deal with Mongbwula Goldfields Investments to acquire the majority share in the project in exchange for a number of milestone payments.

Matsa completes mining at Red Dog

PERTH (miningweekly.com) - ASX-listed Matsa Resources in November of last year completed mining at the Red Dog gold project, in Western Australia, with last ore hauled to gold producer AngoGold Ashanti's Sunrise Dam treatment plant in December. Matsa on Friday reported that mining at the Red Dog operation had generated 12 704 oz of gold, resulting in an operating profit of A$5.

Sibanye shares rally on forecast

JOHANNESBURG - Sibanye Stillwater's share price yesterday strengthened more than 5?percent on its expectation of a solid operational performance of its local and US platinum group metals (PGM) operations despite the protracted strike at its gold operations that have claimed four lives. The group, which has received regulatory approval to acquire Lonmin, the world's third-largest platinum producer, told investors yesterday that its PGM operations had accounted for about 74?percent of adjusted earnings before interest, tax, depreciation and amortisation in the first half of last year.  "The strategic benefits of the group's commodity and geographic diversification are clearly evident, with operational disruptions in the gold division offset by rising PGM prices and the solid operational performance of the PGM operations," the company said in its strategic update.

7 things you need to know today

Discovery Bank, Bank Zero and Patrice Motsepe's TymeBank are expected to give the likes of Nedbank, Standard Bank, Absa Bank, FirstRand and Capitec a run for their money after they were granted banking licences last year. Photo: File Image: IOL CAPE TOWN - Good morning. This is all the latest business news that you need to know today.

WATCH: Rand steadies amid foreign and local developments

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video JOHANNESBURG - The rand traded weaker against the greenback during European trade yesterday according to NKC Research.   The South African currency remained relatively steady, amid a mix of foreign and local developments. The rand initially received support from a softer dollar coupled with optimism over Sino-US trade talks.

UPDATE 1-UK Stocks-Factors to watch on Jan 11

(Adds company news items and futures) Jan 11 (Reuters) - Britain's FTSE 100 index is seen opening 8 points higher at 6,951 on Friday, according to financial bookmakers, with futures up 0.48 percent ahead of the cash market open. * FLYBE/STOBART: A consortium of Virgin Atlantic Ltd, Stobart Group Ltd and Cyrus Capital Partners agreed to buy British regional airline Flybe Group Plc, Stobart said on Friday, for 2.

Ramaphosa calls on private sector to assist with fighting corruption

Corruption has become a big issue that has to be addressed by the whole nation, President Cyril Ramaphosa said on Thursday. Ramaphosa told business leaders at a meeting in the Pietermaritzburg City Hall, that a number of issues, especially corruption, were hampering economic development in the country. He said the African National Congress (ANC)-led government spent the past few months dealing with those issues that "weakened" government institutions.

7 things you need to know today

CAPE TOWN -  Good morning. This is all the latest business news that you need to know today. 1.

Dovish Fed may cheer JSE

Remarks by Fed chair Jerome Powell and other US central bankers helped the rand strengthen 4c overnight Buoyant Asian markets pointed to a fourth trading day of gains for the JSE on Friday morning. Miners, however, may suffer from a strengthening rand. The rand may have been boosted by US Federal Reserve chair Jerome Powell's speech to the Economic Club of Washington on Thursday night.

In Tencent's future, it won't be the humans who chat

Apple Inc's biggest competitor in China isn't Xiaomi Corp or Huawei Technologies Co. It's Tencent Holdings Ltd. Industry observers have known for a while that Tencent's WeChat, including its Mini Programs platform, has the potential to displace the App Store.

UK Stocks-Factors to watch on Jan 11

Jan 11 (Reuters) - Britain's FTSE 100 index is seen opening 8 points higher at 6,951 on Friday, according to financial bookmakers. * FLYBE GROUP: British regional airline Flybe Group Plc is close to being taken over by a consortium led by Richard Branson's Virgin Atlantic, Sky News reported on Thursday. * DEBENHAMS: Angry investors forced Debenhams Chief Executive Sergio Bucher off the board on Thursday, and the chairman out of the company, after another plunge in sales left the department store group fighting for its survival.

Navigating IT governance in the digital age

ITWeb is excited to welcome leading IT GRC professionals in South Africa to discuss IT governance best practices at the ninth annual ITWeb Governance, Risk and Compliance conference, set to take place at The Forum, Bryanston, on 20-21 February 2019. The overall theme for this year's event is: "Effective IT governance in the interconnected business world". With this theme in mind, there will be presentations covering topics like cyber governance and how human behaviour impacts it, which will be presented by Aspen Pharmacare.

UPDATE 1-German business group says U.S. mustn't sanction Europe's use of Russian gas

(Adds details, quotes) BERLIN, Jan 11 (Reuters) - Any attempts by the United States to stop Europe buying Russian gas via additional sanctions against Moscow would be an attack on the continent's sovereignty, a German business group said on Friday. The United States has threatened, but not so far levied, sanctions against European companies participating in the Nord Stream 2 pipeline, which is being built by a consortium led by Russian state gas giant Gazprom. The pipeline, which would carry gas straight to Germany under the Baltic Sea, is driving a wedge between Germany and its allies as it would deprive Ukraine of the lucrative gas transit fees it currently enjoys.

UPDATE 1-AB InBev declines to comment on report of Asian business IPO

(Adds rationale for sale) BRUSSELS, Jan 11 (Reuters) - Anheuser-Busch InBev, the world's largest brewer, declined to comment on a report that it was considering a flotation of part of its Asian operations, adding that it remained committed to its business in the region. "In line with our culture, we always look at opportunities to optimise our business and drive long-term growth and we are very committed to our business in the Asia-Pacific region and excited about the potential of this geography," an AB InBev spokeswoman said. Bloomberg reported on Friday that the Belgium-based maker of Budweiser, Corona and Stella Artois was considering an initial public offering of part of its Asian operations as a way to alleviate its debt.

Man arrested following Mobeni business break-in

An armed response officer's quick reaction resulted in the arrest of a business break-in suspect, recently. Community and media liaison officer of Blue Security, Andreas Mathios said the suspect was apprehended after he allegedly broke into a business premises in Leicester Road at about 9:50pm. ALSO READ:   Business robbery suspects swiftly arrested "The armed response officer responded to a panic alarm activation at the premises and made contact with the security guard on site," said Mathios.

AB InBev declines comment on report of Asian business IPO

BRUSSELS, Jan 11 (Reuters) - Anheuser-Busch InBev, the world's largest brewer, declined to comment on a report that it was considering a flotation of part of its Asian operations, adding that it remained committed to its business in the region. "In line with our culture, we always look at opportunities to optimise our business and drive long-term growth and we are very committed to our business in the Asia-Pacific region and excited about the potential of this geography," an AB InBev spokeswoman said. (Reporting by Philip Blenkinsop Editing by Alastair Macdonald).

Orange exec joins Liquid to lead MEWA business

Pan-African telecoms group Liquid Telecom has appointed Mohamed Abdel Bassit as its new Regional CEO for Middle East and West Africa (MEWA), effective January 1, 2019. A statement issued by the company explains that Bassit will be based in Cairo and will oversee the group's expansion further into MEWA following the recent news that it is investing US$400-million in the Egyptian market and has completed the first fibre network to stretch all the way from Cape Town to Cairo. In early December 2018 Liquid Telecom announced the R5.

Future business solutions will be smart

Over the decades, ERP applications have changed in many ways, yet all that pales to what it's experiencing today. But what will ERPs look like in 2025 ? Forget the old, stoic and immovable ERP: future ERPs will be dynamic, smart and follow the user, writes One Channel CEO Bernard Ford. ERPs are the cornerstone of modern enterprises and fast becoming the foundation for data-driven companies.

Pink would love for kids to take over wine business

Pop star Pink is hopeful her children will one day choose to take over her growing wine business because keeping the brand in the family would be "magical". The So What hitmaker has been developing her Two Wolves label for the past few years, after purchasing a vineyard in Santa Barbara County, California with her husband Carey Hart. The wine she initially made was only shared among friends and family, but in November (18), she released her first commercial collection, including a Cabernet Franc, a Cabernet Sauvignon, and a Petit Verdot - and all 114 cases sold out within 24 hours.

Richemont says French protests weighed on sales momentum in Europe

Cartier owner Richemont on Friday posted a slight slowdown in the pace of underlying sales growth in the quarter to Dec. 31, with protests in France hitting business in Europe even as trading in mainland China stayed strong. The Swiss group posted a 5 percent rise in sales at constant currencies in the October to December period, excluding recently acquired online distributors Yoox Net-A-Porter (YNAP) and Watchfinder, a second hand platform.

South Africa's Steinhoff says creditor challenges debt restructuring

JOHANNESBURG (Reuters) - South African retailer Steinhoff said on Thursday a creditor is challenging the company's plans to restructure its convertible debt into new secured loans. Steinhoff is in the middle of a cleaning up its balance sheet after discovering a multibillion euro holes in its balance sheet more than a year ago. Under the so-called company voluntary arrangement, or CVA, Steinhoff wants to restructure three series of equity-linked bonds due 2021, 2022 and 2023 into a new secured loans.

Life Healthcare sells its stake in Max Healthcare

Life Healthcare has entered into an agreement with Radiant Life Care to dispose of its 49.7?percent stake in Max Healthcare in India. Photo: Simphiwe Mbokazi/African News Agency (ANA) DURBAN - Life Healthcare has entered into an agreement with Radiant Life Care to dispose of its 49.

GLENCORE PLC - GLN: Transactions In Own Shares-10 January 2019

Wrap Text GLN: Transactions In Own Shares-10 January 2019 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 11 January 2019 Transactions in own shares-10 January 2019 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 10 January 2019 Aggregate number of ordinary shares of USD 0.

COMPAGNIE FINANCIERE RICHEMONT SA - Trading update for the third quarter ended 31 December 2018

Compagnie Financière Richemont SA Depositary Receipts issued by Richemont Securities SA ("Richemont Securities" or "Richemont") (Incorporated in Switzerland) Share code: CFR ISIN: CH0045159024 Depositary Receipt Code: CFR COMPANY ANNOUNCEMENT 11 JANUARY 2019 TRADING UPDATE FOR THE THIRD QUARTER ENDED 31 DECEMBER 2018 Financial highlights • YOOX NET-A-PORTER GROUP (YNAP) and Watchfinder.co.uk (Watchfinder) consolidated in the Group's accounts since 1 May and 1 June 2018, respectively • Sales in the quarter increased by 25% at actual exchange rates and by 24% at constant exchange rates compared to the prior year period • Excluding YNAP and Watchfinder, sales rose by 6% at actual exchange rates and by 5% at constant exchange rates o Growth in most regions, with a double digit increase in mainland China compensating decreases in the Middle East and Europe o Increases across all distribution channels and most business areas +-----------------------------+----------------+----------------+------------------+----------------+ | |October-December|October-December|Change at constant|Change at actual| | | 2018 EUR m| 2017* EUR m| exchange rates| exchange rates| | | | | versus prior| versus prior| | | | | period (%)| period (%)| +-----------------------------+----------------+----------------+------------------+----------------+ |Sales by region | | | | | +-----------------------------+----------------+----------------+------------------+----------------+ |Europe | 1 147| 854| +35%| +34%| +-----------------------------+----------------+----------------+------------------+----------------+ |Asia Pacific | 1 389| 1 182| +17%| +17%| +-----------------------------+----------------+----------------+------------------+----------------+ |Americas | 801| 561| +41%| +43%| +-----------------------------+----------------+----------------+------------------+----------------+ |Japan | 344| 294| +14%| +17%| +-----------------------------+----------------+----------------+------------------+----------------+

STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff Challenge To The Implementation Of The SEAG CVA

Wrap Text Steinhoff - Challenge To The Implementation Of The SEAG CVA Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART.

German steel supplier puts the kibosh on Steinhoff's salvage operation

The furniture group's business rescue proposal to creditors has been delayed by a legal challenge from LSW Steinhoff International's salvage attempt has been stymied by German steel supplier Lech-Stahlwerke (LSW). In a statement released on Thursday, Steinhoff described LSW as "a company claiming to be a creditor" that is challenging its proposed business rescue plan. Steinhoff said that under the terms of the company voluntary arrangement (CVA) it proposed on December 14 2018, it cannot proceed with this plan until LSW's challenge has been resolved.

Alexander Forbes executives call it quits

JOHANNESBURG - Alexander Forbes Investments CEO, Leon Greyling, and two other top executives have resigned. Group Chief Risk Officer, Vishnu Naicker and Chief Human Resources Officer, Christian Schaub have also handed in their resignation letters. They say they plan to pursue other business interests.

Time runs short for Brexit deal as business warns of pain

UK politicians will resume debating Theresa May's apparently doomed Brexit deal on Friday, with fresh warnings over what's at stake ringing in their ears. After concerns were raised by Japan's prime minister and the CBI, British Cabinet minister Amber Rudd underlined the damaging impact of leaving the EU in March without a new trade agreement in place, and hinted she could even quit over the issue. "This is a strong and great country, we will find a way to succeed," Rudd told BBC radio on Friday.

WATCH: Is business confidence pointing to a slow turnaround?

The SA Chamber of Commerce and Industry's (Sacci) December business confidence index dipped by a marginal 0.9 index point to settle at 95.2, but the average for 2018 showed an improvement on the previous year, suggesting that a continued slow turnaround may be on the cards.

UP IN SMOKE: Fires, explosions cause largest losses for business

Fire and explosion incidents cause the largest claims for insurers and the businesses they cover, according to new AGCS research. Photo: Karen Sandison/African News Agency (ANA) JOHANNESBURG - Cyber risks and the impact of new technologies will have an increasing influence on the corporate loss landscape in years to come.  However, it is fire and explosion incidents that cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS).