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1 Where do Africa's Largest Economies Stand on Migration? Anti-immigrant rhetoric from the US and Europe has grown increasingly vocal in recent years. But, as it turns out, a majority of people in some of Africa's largest economies do not want more immigrants either. A recent Pew Research Center survey of 27 nations shows the four African countries featured—Nigeria, Kenya, South Africa, and Tunisia—have high levels of opposition to more migration.

Digital Growth Depends More on Business Models than Technology

Yagi Studio/ For startups, 2009 was a good year. More than 20 companies launched at that time , including Uber, Slack, Pinterest, and Blue Apron, eventually achieved $1 billion-plus valuations. Given that those companies were all venture-financed and emerged from Silicon Valley, you might assume that the key ingredients that have ensured their success were cutting-edge technologies, digital platforms, and customer bases that were chiefly made up of digital natives.

6 gift ideas for business travellers

Do you know a business traveller? or perhaps you are one? Why not treat yourself to a gift this holiday season? Dawn Weir, head of kulula work has some ideas for clever gifts. Here are a few of her suggestions:  Cable organiser : rather than stuffing your laptop's power-cables, chargers for your devices, and headphones, you can arrange them in neat, protective bags available in a range of sizes and designs. The more compact ones will hold your tablet or smartphone too.

ATTACQ LIMITED - Dealing in securities by a director of the company

Wrap Text Dealing in securities by a director of the company ATTACQ LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/000543/06) JSE share code: ATT ISIN: ZAE000177218 (Approved as a REIT by the JSE) ("Attacq or "the company") DEALINGS IN SECURITIES BY A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to the dealing in securities by M Hamman, a director of Attacq, pursuant to the exercise of share options granted to him in terms of his service contract and as detailed in Attacq's prospectus issued on 4 October 2013, on the basis set out below: Name of director: M Hamman Transaction date: 14 December 2018 Class of securities: Ordinary shares Number of securities: 240 000 Price per security: R9.50 Total value: R2 280 000.00 Nature of transaction: Off-market exercise of share options Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes 14 December 2018 Sponsor Java Capital Date: 14/12/2018 04:50:00 Produced by the JSE SENS Department.

MONDI LIMITED - Transactions in Mondi plc ordinary shares of 0.20 each

Wrap Text Transactions in Mondi plc ordinary shares of €0.20 each Mondi Limited (Incorporated in the Republic of South Africa) (Registration number: 1967/013038/06) JSE share code: MND ISIN: ZAE000156550 Mondi plc (Incorporated in England and Wales) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 JSE share code: MNP ISIN: GB00B1CRLC47 LSE share code: MNDI As part of the dual listed company structure, Mondi Limited and Mondi plc notify both the JSE Limited and the London Stock Exchange of those interests (and changes to those interests) of directors of both entities, the respective company secretaries and persons discharging managerial responsibilities across the Group and, in certain instances, the directors of major subsidiaries of Mondi Limited in the securities of Mondi Limited and Mondi plc which are required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority. In accordance with Rules 3.

TIGER BRANDS LIMITED - Grant and acceptance of conditional share awards

Wrap Text Grant and acceptance of conditional share awards TIGER BRANDS LIMITED "Tiger Brands" or "the Company" (Incorporated in the Republic of South Africa) (Registration number 1944/017881/06) Share code: TBS ISIN: ZAE000071080 Grant and acceptance of conditional share awards by directors of the Company, the Company Secretary and directors of a major subsidiary of the Company and vesting of shares of a director of the Company and a director of a major subsidiary of the Company Share awards In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited ("the JSE"), shareholders are advised that Tiger Brands Limited ("the Company") has offered Share Appreciation Rights ("SARs") in terms of the Tiger Brands Limited 2013 Share plan, to the directors of the Company, the Company Secretary and directors of a major subsidiary (Tiger Consumer Brands Limited) of the Company ("the Participants"), as set out below.

STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff Approval Of Company Voluntary Arrangements For SEAG And SFHG

Wrap Text Steinhoff - Approval Of Company Voluntary Arrangements For SEAG And SFHG Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 Steinhoff - Approval of company voluntary arrangements for SEAG and SFHG Steinhoff International Holdings N.

NETCARE LIMITED - Voluntary announcement : completion of BMI Healthcare (UK) restructure

Wrap Text Voluntary announcement : completion of BMI Healthcare (UK) restructure NETCARE LIMITED (Registration No. 1996/008242/06) JSE Ordinary share code: NTC ISIN: ZAE000011953 JSE Preference share code: NTCP ISIN: ZAE000081121 ("Netcare") VOLUNTARY ANNOUNCEMENT: COMPLETION OF BMI HEALTHCARE (UK) RESTRUCTURE Shareholders are advised that BMI Healthcare (UK) has announced the completion of its financial restructuring. This transaction involves the acquisition of BMI Healthcare by Hospital TopCo (BMI Healthcare's largest external landlord) and a restructuring of BMI Healthcare's capital and debt structure.

EOH HOLDINGS LIMITED - Notification in terms of Section 122(3) of the Companies Act and Paragraph 3.83(b) of the Listings Re

Wrap Text Notification in terms of Section 122(3) of the Companies Act and Paragraph 3.83(b) of the Listings Requirements EOH HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/014669/06) Share code: EOH ISIN: ZAE000071072 ("EOH" or "the Company") NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE LISTINGS REQUIREMENTS OF JSE LIMITED In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as amended ("Companies Act") and paragraph 3.

DISTRIBUTION AND WAREHOUSING NETWORK LIMITED - Disposal Of Securities By Investec Limited

Wrap Text Disposal Of Securities By Investec Limited Distribution and Warehousing Network Limited (Incorporated in the Republic of South Africa) (Registration number 1984/008265/06) Share code: DAW & ISIN code: ZAE000018834 ("DAWN" or "the Company") DISPOSAL OF SECURITIES BY INVESTEC LIMITED In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 ("the Act") and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that DAWN has received formal notification in the prescribed form that Investec Limited has disposed an interest in the securities of the Company, such that the total interest in the securities of the Company held by Investec Limited amount to 6.

PPS acquires Santam's stake in PPS short-term insurance business

CEO of PPS, Izak Smit The Professional Provident Society (PPS), the financial services company focused exclusively on graduate professionals, has acquired the remaining 49% shareholding held by Santam in the PPS short-term business. The deal results in PPS Short-term Insurance (STI) becoming a wholly-owned subsidiary of PPS. PPS operates on a mutual model where members with qualifying products benefit from all generated profits.

KZN business owner wins woman of year award46m ago | NETWORK

Durban - Entrepreneur Tinky Johnson, who managed to double the staff complement in her small publishing and media production business in three years during tough economic times, has walked off with the SmartXchange MICTe Women of the Year 2018 award. Johnson, 26, started her business with no knowledge of the media industry and just four staff working from a small rented office in January 2016. She now employs eight staff and four interns.

Creditors approve debt proposals for Steinhoff subsidiaries

JOHANNESBURG, Dec 14 (Reuters) - Steinhoff said on Friday creditors of two of its financial holding companies had approved proposed company voluntary arrangements (CVA), paving the way for the retailer to begin restructuring. In November Steinhoff said that the CVA process — which allows companies to reach a voluntary agreement with their creditors — was not expected to have an impact on any of its operating businesses, landlords or trade creditors. Approximately 94 percent of creditors who voted approved a CVA for Steinhoff Europe AG (SEAG), the firm said in a statement.

Business worries for France ahead of new 'yellow vest' protests

A fall in economic growth, which would hit tax receipts, would exacerbate the government's budget problems. FILE: Protesters demonstrate on the Faugbourg Saint-Honore street in Paris on 17 November 2018, during a nationwide popular initiated day of protest called 'yellow vest' (Gilets Jaunes in French) movement to protest against high fuel prices which has mushroomed into a widespread protest against stagnant spending power under French President. Picture: | PARIS - A survey of French businesses on Friday indicated a major dip in activity linked to the month-long "yellow vest" protests ahead of a decisive weekend for the grassroots opposition movement and President Emmanuel Macron.

South Africa's Eskom evaluating bids for mortgage business

FILE PHOTO: Steam rises from the cooling towers of Matla Power Station, a coal-fired power plant operated by Eskom in Mpumalanga province JOHANNESBURG (Reuters) - South Africa's cash-strapped power utility Eskom is evaluating bids for its finance company that specialises in mortgage lending to employees, its spokesman said on Friday. State-run Eskom is scrambling to keep the lights on in Africa's most advanced economy and has been implementing frequent controlled power cuts to prevent the grid from collapsing under the weight of electricity demand. "Eskom is currently evaluating bids for the sale of its non-core subsidiary Eskom Finance Company (EFC)," the utility's spokesman Khulu Phasiwe said on Twitter, adding the firm could not give further details until the process was completed.

Monkey Town to re-open for business after overnight blaze

Shoppers evacuate as fire breaks out at V&A Waterfront in Cape Town Shoppers at Cape Town's swanky V&A Waterfront had to evacuate on Wednesday afternoon after a fire broke out in the parking lot. 30 days ago.

Monkey Town to re-open for business after overnight blaze

Staff at the well-known Somerset West wildlife centre, Monkey Town, are swiftly picking up the pieces after an overnight fire caused serious damage. Read also: The restaurant is lost completely, we've only got walls standing. The fencing of the main baboon enclosure melted away.

Monkey Town to re-open for business after overnight blaze

Staff at the well-known Somerset West wildlife centre, Monkey Town, are swiftly picking up the pieces after an overnight fire caused serious damage. Read also: The restaurant is lost completely, we've only got walls standing. The fencing of the main baboon enclosure melted away.

Zimbabwe mining minister invites De Beers, Vast Resources to return

ARARE/LONDON - De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.

Natural Styling: ‘Naturalistas' cause waves in the hair industry

Barkes and Amanda Cooke who runs a blog called, Cape Town Curly is another co-founder of Cape Town Natural Festival. These women are on a mission to build the natural hair community. Photo: Bonita Meyersfeld Some believe that natural hair is a movement, others see it as just wearing your hair as it grows.

MTN hires new group CTO, other top executives

Following the resignation of Babak Fouladi, MTN Group has appointed Charles Molapisi as its new chief technology and information officer, effecting 1 January 2019. Fouladi is leaving to take up an opportunity in Europe. Molapisi has 16 years of experience in both fixed and mobile telecommunications.

MTN Appoints Insider As Group CTO, Poaches Other Execs

MTN Store (Delareyville Sellular) (Photo Credit: Wiki Village) MTN has appointed  Charles Molapisi, a CEO of MTN Zambia,  as its new group chief technology and information officer, an insider to support the delivery of the company's BRIGHT strategy. Molapisi, whose appointment is effective 1 January 2019, will replace B abak Fouladi -who resigned from the company to take up another opportunity in Europe. The appointment of an insider marks a turnaround from a mobile phone giant, which has recently has been focusing on poaching executives from rivals, especially Vodacom after the departure of CEO  Sifiso Dabegwa and other executives due to the hefty Nigerian fine.

UPDATE 1-South African rand slides on risk aversion, stocks down

(Updates prices) JOHANNESBURG, Dec 14 (Reuters) - South Africa's rand fell on Friday, in line with other emerging market currencies, as investor appetite for riskier assets dimmed amid fresh worries of a sharp economic slowdown in China. Stocks ended the week lower, with Aspen Pharmacare leading the decliners. At 1512 GMT, the rand was 2 percent weaker at 14.

South Africa's Aspen strikes distribution deal with U.S. drugmaker Mylan

FILE PHOTO: An Aspen Pharmacare logo is seen at outside company offices in Woodmead JOHANNESBURG (Reuters) - Aspen Pharmacare has struck a deal with U.S. generics maker Mylan to distribute a portfolio of prescription and over-the-counter drugs in Australia and New Zealand.

Aspen Pharmacare shares slump after revenue forecast disappoints

People walk near the reception at the Johannesburg Stock Exchange in Sandton, Johannesburg JOHANNESBURG (Reuters) - Shares in South Africa's Aspen Pharmacare fell more than 8 percent in early Friday trade a day after it forecast full-year revenue growth of between 1 percent and 4 percent in commercial pharmaceuticals. The drugmaker, which is in the process of disposing of its infant formula business, said in a statement that weaker performance across Europe had offset the positive performance for commercial pharmaceuticals in most emerging markets. At 0815 GMT, the shares were down 6.

Surgutneftegaz sells Urals cargo at premium to BFOE in Baltic

MOSCOW, Dec 14 (Reuters) - Russia's Surgutneftegaz awarded a spot tender to sell a cargo of Urals for loading from Primorsk port on Dec. 27-28 at a premium of $0.20 a barrel to dated Brent, which was higher than recent estimates, traders said.

Canada's Imperial Metals hires BMO to speed up restructuring -sources

By Clara Denina LONDON, Dec 14 (Reuters) - Canadian copper producer Imperial Metals has hired Bank of Montreal (BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with the matter said. Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this year set up a special committee to identify strategic alternatives including joint ventures and a total or partial sale of the business. It has now mandated the Canadian investment bank to start a formal process, the sources said.

Festive NuMe Gluten free baking that is "Not So Naughty"

With the festive season in full swing - we know how difficult it is to resist desserts and all the treats that come along with the celebrations. With NutriSeed you can eat all the sweets, eats and treats with none of the guilt! NuMe has launched a range of "Not So Naughty" gluten free baking products that includes a bread premix, cup in a cake, chocolate and pecan muffin mix and a chocolate and pecan brownie mixture. A year ago I decided that it was time to get back into shape and healthy and started off training with a personal trainer which made a huge difference to my life.

MTN announces executive appointments

MTN Group has made several new executive appointments, including the position of Chief Technology & Information Officer and Executive for Corporate Services & Sustainability. Charles Molapisi has been appointed as the company's Group Chief Technology and Information Officer, effective 1 January 2019. His appointment follows Babak Fouladi's resignation from the company to take up another opportunity in Europe.

China's GEM said to stop buying cobalt from Glencore

Chinese battery maker GEM Co. has halted buying cobalt from Glencore after prices fell below the agreed level under a three-year contract signed earlier this year, according to a person familiar with the matter. Cobalt prices have dropped more than 25% since a peak in April amid growing concerns that too much supply has been brought online in response to surging prices.

MTN appoints new CTO and other executives

MTN announced that it has appointed a host of new top executives, including a new group chief technology and information officer. Charles Molapisi will take on the position as MTN group CTO effective from 1 January 2019, following the recent resignation of Babak Fouladi. Molapisi has over 16 years of experience in the telecommunications industry and has previously held various senior management positions in MTN Nigeria and MTN Zambia.

MTN hires new group CTO, other top executives

Following the resignation of Babak Fouladi, MTN Group has appointed Charles Molapisi as its new chief technology and information officer, effecting 1 January 2019. Fouladi is leaving to take up an opportunity in Europe. Molapisi has 16 years of experience in both fixed and mobile telecommunications.

Pay cuts still 'on the table' at cash-strapped WPRU

2018-12-14 16:05 Lloyd Burnard - Sport24 Cape Town - 2019 promises to be a testing year for the Stormers and the Western Province Rugby Union (WPRU) .  And, like most problems in South Africa these days, money is the greatest cause for concern.  Results aside - and those are equally imperative given that coach Robbie Fleck is under pressure to deliver in his final contracted Super Rugby year.

INVESTEC LIMITED - TR-1: Notification of major holdings

Wrap Text TR-1: Notification of major holdings Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 (jointly "Investec") As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements. Accordingly, we advise of the receipt of the following TR-1 notification: TR-1: Notification of major holdings NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer Investec Plc.

AVENG LIMITED - Disclosure of Beneficial Interest in Securities

Wrap Text Disclosure of Beneficial Interest in Securities AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng" or "the Group") Disclosure of Beneficial Interest in Securities In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Aveng Limited received formal notification on Thursday, 13 December 2018, that Investec Limited, acquired an interest in the ordinary shares of Aveng, such that the total interest in the ordinary shares of Aveng held by Investec Limited, now amounts to 5,84% of the total issued ordinary shares of Aveng.

Hunter's launches new campaign to beat the heat

The new "Nothing's too hot for Hunter's" campaign aims to evoke the feeling of being effortlessly cool even in the hottest of experiences A cider so refreshing, that absolutely nothing is too hot for its rejuvenating powers ... that's the idea behind the latest campaign from Hunter's, Africa's largest and most-loved cider brand (and the second-biggest cider brand in the world). The new "Nothing's too hot for Hunter's" campaign aims to evoke the feeling of being effortlessly cool even in the hottest of experiences.

Hunter's launches new campaign to beat the heat

The new "Nothing's too hot for Hunter's" campaign aims to evoke the feeling of being effortlessly cool even in the hottest of experiences A cider so refreshing, that absolutely nothing is too hot for its rejuvenating powers ... that's the idea behind the latest campaign from Hunter's, Africa's largest and most-loved cider brand (and the second-biggest cider brand in the world). The new "Nothing's too hot for Hunter's" campaign aims to evoke the feeling of being effortlessly cool even in the hottest of experiences.

Nigeria : Airtel confirms plans to establish Payment Service Bank

Money Transfer Nigeria's second largest network operator, Airtel, has confirmed plans to establish a Payment Service Bank in order to promote financial inclusion in the country. The telco, in a statement issued on Wednesday, said that it would apply for the PSB licence through a subsidiary as directed in the Central Bank of Nigeria's guidelines, adding that it had a vision of becoming the largest and most secured PSB in Nigeria. The company commended the apex bank for issuing guidelines for licensing of PSBs, saying the move would enhance access to financial services to the rural poor, low-income earners and the financially- excluded in the society.

No room for another mobile operator in Zim

Mergers, Acquisitions and Financial Results Zimbabwe telecoms regulator, the Post and Telecommunications Regulatory Authority (Potraz) has confirmed it will not license any additional mobile company in the near future because of the country's limited spectrum and said there is no allowance for regional or segmentation licensing. According to Potraz, the country does not have the capacity to accommodate other telecoms companies. "Zimbabwe has to live within its spectrum, and the spectrum is a scarce commodity," said Engineer Baxton Sirewu, Director of Technical Service at Potraz.

Chaarat returns to Aim

Chaarat Gold's share price fell sharply following its readmission to London's Aim market on Friday, after an eight-month suspension under the exchange's reverse takeover rules. The company's ordinary shares resumed trading at 11:30 London time, and fell 16% to 20.25p a share just before midday.

MINES GO TO TOP BIDDER

A SOUTH African consortium called Project Halo has submitted the winning bid of R3,05 billion for three major assets of a Gupta-linked mining company. The company, Tegeta Exploration & Resources, has been under administration since February. Project Halo will buy Optimum Coal Mine for a maximum of R2,8 billion, Koornfontein Mine for R200 million and Optimum Coal Terminal for R50 million.

Management shake-up at Hobbs, Whistles, Phase Eight as Meg Lustman exits

TFG London, the owner of Hobbs, Whistles and Phase Eight, has announced the departure of Hobbs CEO Meg Lustman and the appointment of new managing directors for each of the three brands. Hobbs recently opened its first store in Hong Kong - Rue Madame Fashion Group Lustman is leaving Hobbs to explore non-executive opportunities after four years at the helm of the premium clothing label, and will be replaced by Justin Hampshire who is taking over as managing director in January. Hampshire is moving from Whistles, where he has been managing director for two years.

The penny drops for Mines Minister Gwede Mantashe

It was a brief and, apparently, "off the cuff" speech - because no official version has yet been put up on the Department of Mineral Resources website - but in 25 minutes at the CSIR on December 12 mines minister Gwede Mantashe showed he had a true understanding of the situation facing South Africa's mining sector. I have to say I was impressed because Mantashe not only actively defended the industry - in particular the coal producers - but he took swipes at the country's energy and beneficiation policies as well as even getting in a dig over failed scrap metal export tariffs at cabinet colleague "Comrade" Rob Davies - the Minister for Trade and Industry. What a difference from the way he came across in April when he addressed the Joburg Indaba Platinum Industry Seminar held at the Johannesburg Country Club and told delegates he did not think the platinum sector was in crisis.

Masingita's initiative to help kids get shoes applauded

THE MORRIS Isaacson Centre for Music in Jabavu, Soweto, hosted the launch of the ‘Walk in My Shoes' initiative by Masingita Masunga in partnership with pharmaceuticals giant Aspen Pharmacare South Africa. The aim of the initiative is to rally society to unite in helping the less fortunate by donating shoes. Giyani born, Limpopo, Masingita Masunga is a former TV presenter, having hosted her own show called Masingita with Confidence .

South Africa's AMCU union to remain on strike at Sibanye-Stillwater

FILE PHOTO: Mine workers walk past the pit head at Sibanye Gold's Masimthembe shaft in Westonaria JOHANNESBURG (Reuters) - The president of South Africa's Association of Mineworkers and Construction Union (AMCU) said on Friday that the union's Sibanye-Stillwater members remain on strike, disputing the miner's argument the action is now illegal. Joseph Mathunjwa was speaking at a media conference organised to respond to Sibanye's decision to extend a wage agreement in place with a number of other unions to AMCU members - a move it said meant the AMCU strike was no longer protected. "As far as we are concerned, we are still on strike," Mathunjwa said, adding the union has seen no documentation suggesting the strike is now illegal.

LVMH moves into travel by buying Belmond for $2.6bn

Consumers with cash to spare are moving towards trips, health clubs, restaurants and entertainment, as interest in shopping malls dwindles Paris/Tokyo— LVMH is making a $2.6bn bet that the same consumers who can spend $1,000 on a Louis Vuitton bag will splash out for a $2,000-a-night hotel on Italy's Amalfi Coast. The French luxury giant agreed to buy Belmond, owner of New York's ‘21' Club and high-end resorts around the world.

FTSE 100 tumbles as weak Chinese data dents markets

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from China sent Britain's top stock index sharply down on Friday as banks, miners and consumer stocks suffered from investors' mounting anxiety about the world's second-biggest economy.

Woman's high heels caused her fall - court

AN elderly woman's high heels were her downfall; she either stumbled over an obstacle on a wooden floor at Clearwater Mall in Roodepoort and lost her footing, or simply failed to manoeuvre in her heels. Dr Kris Launer, 82, suffered severe injuries when she fell after she walked across the wooden floor with her walking cane. She instituted a R100 000 damages claim against Hyprop Investment Ltd, which traded as Clearwater Mall.

Ramaphosa established four commissions of inquiry in 2018

Within nine months of his presidency, Cyril Ramaphosa has set up a total of four commissions of inquiry all related to the abuse and "capture" of state resources in South Africa - these include the state capture inquiry, the SARS commission, the PIC commission and the NPA commission... While others, like the inquiry on Steinhoff have been simultaneously at play. Themba Godi, Chair of the Standing Committee on Public Accounts - has been amongst those hearing testimony and he joins us on the line now.

Stock Watch Picks - 13 Dec 2018

Sekgabo Molelekoa from Umthombo Wealth chose Italtile (ITE) / R13.90 (+0.22%) as his stock pick of the day and Ricus Reeders from PSG Wealth chose Fedex Corporation (FDX:NYE) / $184.

Australian rail workers postpone coal haulage strikes as cyclone looms

SYDNEY - Coal railway workers at Australian hauler Aurizon Holdings have postponed some planned strikes in Queensland, a union official said, as a cyclone is forecast to bring poor weather near some of the affected railways. Aurizon's four major railways in the Bowen Basin of Queensland, the world's largest coking coal export region, carry coal from mines owned by BHP Billiton, Glencore, Anglo American and Peabody Energy to ports on the country's east coast. Bruce Mackie, the Queensland president of the Rail, Tram and Bus Union, which represents train crews and maintenance workers at Aurizon, said by phone that planned stoppages on Friday went ahead but that some other strikes were deferred by seven days.

FTSE 100 tumbles as weak Chinese data dents markets

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from China sent Britain's top stock index sharply down on Friday as banks, miners and consumer stocks suffered from investors' mounting anxiety about the world's second-biggest economy.

Australian rail workers postpone coal haulage strikes as cyclone looms

SYDNEY, Dec 14 (Reuters) - Coal railway workers at Australian hauler Aurizon Holdings Ltd have postponed some planned strikes in Queensland, a union official said, as a cyclone is forecast to bring poor weather near some of the affected railways. Aurizon's four major railways in the Bowen Basin of Queensland, the world's largest coking coal export region, carry coal from mines owned by BHP Billiton , Glencore , Anglo American and Peabody Energy to ports on the country's east coast. Bruce Mackie, the Queensland president of the Rail, Tram and Bus Union, which represents train crews and maintenance workers at Aurizon, said by phone that planned stoppages on Friday went ahead but that some other strikes were deferred by seven days.

Natural wonder: Vergelegen invests in the future through land rehabilitation and preservation

Vergelegen is more than just an award-winning wine estate. The 3,000ha property is located in one of the richest floral regions of the world and, in 1995, started an alien-clearing programme to restore the land to a pristine home for the Cape's natural flora and fauna. In the special Vergelegen edition of Business Day's Wanted magazine , Jane Broughton writes: "Alien-vegetation clearing began in 1995; Anglo American (the owners) recognised its magnitude and funded it from 2004.

Ayanda Mabulu apologises to women for rape symbolism

Speaking on Eusebius McKaiser's show on 702 on Friday, controversial artist Ayanda Mabulu spoke about his latest artwork, which depicts, among other things, disgraced former Steinhoff CEO Markus Jooste receiving oral sex from an anonymous black woman. It was reported that Mabulu was arrested for displaying the protest piece, alongside a swastika flag, an old South African flag and several pig heads, outside the Johannesburg Stock Exchange (JSE), although a police spokesperson told News24 this was not the case. Mabulu was asked about the depiction of women in his work.

Vizeum SA wins Financial Mail Adfocus Network Media Agency of the Year

Vizeum South Africa walked away with the coveted Financial Mail Adfocus Network Media Agency of the Year at the annual event held at The Venue, Melrose Arch, in Johannesburg. The agency's annual billings were significantly increased over the judging period with several account wins making the agency the obvious winner in a closely competitive race. Further to the Vizeum win, Dentsu Aegis Network Sub Saharan Africa walked away with the coveted FM Adfocus African Impact Award.

Australian rail workers postpone coal haulage strikes as cyclone looms

SYDNEY, Dec 14 (Reuters) - Coal railway workers at Australian hauler Aurizon Holdings Ltd have postponed some planned strikes in Queensland, a union official said, as a cyclone is forecast to bring poor weather near some of the affected railways. Aurizon's four major railways in the Bowen Basin of Queensland, the world's largest coking coal export region, carry coal from mines owned by BHP Billiton , Glencore , Anglo American and Peabody Energy to ports on the country's east coast. Bruce Mackie, the Queensland president of the Rail, Tram and Bus Union, which represents train crews and maintenance workers at Aurizon, said by phone that planned stoppages on Friday went ahead but that some other strikes were deferred by seven days.

BHP GROUP PLC - Market Price for off-market buy-back

Wrap Text Market Price for off-market buy-back BHP Group Plc Registration number 3196209 Registered in England and Wales Share code: BHP ISIN: GB00BH0P3Z91 NEWS RELEASE Release Time IMMEDIATE Date 14 December 2018 Release Number 28/18 Market Price for off-market buy-back of BHP Group Limited shares The Market Price(1) for BHP's off-market tender buy-back of BHP Group Limited (formerly BHP Billiton Limited) shares (Off-Market Buy-Back) is A$32.1387. On this basis, the tender discounts are equivalent to the following tender prices (rounded to the nearest cent): Tender discount Tender price 14% A$27.

Sygnia, Sekunjalo, Survé and those shares

Magda Wierzycka made an offer to buy back shares from AEEI, which in turn laid criminal charges. Dr Iqbal Surve, in turn, responded to Wierzycka's interview on Moneyweb Radio. Both sides of the story right here.

Local supermarket gets global recognition for plastic initiative

SPAR Eastern Cape advertising manager Roseann Shadrach (left) and promotion and advertising manager Trevor Blundell display the award for consumer engagement in plastic reduction received by SPAR EC at the SPAR International Conference in Amsterdam, the Netherlands. Picture: Full Stop Communications SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month. The conference in Amsterdam in the Netherlands went under the banner of the SPAR International Responsible Retailing Forum and brought managers from around the world to share ideas and best-practice examples.

Brighter outlook predicted for SA stocks in 2019

JOHANNESBURG - Analysts expect 2019 to usher in a period of prosperity for the JSE after investors suffered negative returns this year, with the all share index having plunged by more than 10 percent. In 2017 the JSE all share index had delivered a healthy 20percent return on investments. The latest Schroders Global Investor Study found that South African investors expect their portfolios to return nearly 13 percent annually in the next five years.

Jabu Mabuza & Eskom's BEE coal policy: what's going on?

Eskom policy does indeed have ‘a black ownership target. Eskom chairman, Jabu Mabuza told journalists and analysts that power policy doesn't have a policy that coal suppliers must be majority black-owned. This requirement was however the subject of much controversy a few years ago, with Eskom wanting, for example to see Exxaro in 2016 when the mining major's black shareholding was expected to fall to 30% on the expiry of its BEE deal, but a 2012 statement form Eskom says otherwise.

Kotex recalls tampons in US and Canada after reports of injuries

Distributing company Kimberly Clark is recalling Kotex tampons after reports that the tampons were unraveling and causing injuries and infections. According to CNN , tampons produced between October 2016 and October 2018 were recalled after users experienced infections, irritation and injuries, with some people even needing medical attention to remove tampon pieces left inside their bodies.  Several distribution companies around the world have had to recall their products from shelves.

Aspen says on track to dispose of baby milk business

Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35% within a week after it announced the sale of its infant formula business in September to French company Lactalis for R12.9-billion to focus on its core pharma business.

Aspen on track to dispose of baby milk business

Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35 percent within a week after it announced the sale of its infant formula business in September to French company Lactalis for 12.9 billion rand($907.

EXCLUSIVE-Carlsberg, United Breweries plead leniency in India beer cartel probe-sources

(Repeats Thursday story with no changes to text) * Indian watchdog's probe started after AB InBev reported issue * Carlsberg, United Breweries ask regulator for leniency -sources * Leniency filings aimed at reducing fines -antitrust lawyer * Brewers already face regulatory challenges in India By Aditya Kalra and Aditi Shah NEW DELHI, Dec 13 (Reuters) - Denmark's Carlsberg and India's United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices, five sources familiar with the matter told Reuters. The Competition Commission of India (CCI) has been investigating the two companies, as well as the world's largest brewer Anheuser-Busch InBev (AB InBev). Last year, as previously reported by Reuters, AB InBev told the regulator it had discovered an industry cartel that discussed and agreed on beer prices before submitting them to Indian states, which regulate pricing.

JSE weaker, but may still end the week on a positive note

A 3% fall by Tencent was partially offset by a 1% fall in the rand on Friday morning, with the JSE lower in broad-based losses, but set to close the week stronger. Asian markets fell after disappointing Chinese data that showed that industrial production grew 5.4% year on year in November, less than the expected 5.

Is a shortage of coal really the cause of loadshedding?

Eskom has repeatedly said that the shortage of coal at some power stations, together with breakdowns resulting from previously deferred maintenance, has resulted in the power utility having less power generation capacity than what is needed to meet the country's demand. To protect the system from total collapse, we have been told, the utility needs at times, to reduce the load, presumably to balance load and available generation capacity. But is this true? According to Dan Mashego, the power utility's general manager for primary energy, the power utility has an average of 28 days of coal stockpiled across its power stations.

Zimbabwe mining minister invites De Beers, Vast Resources to return

A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to Vast Resources said it could not comment. | HARARE/LONDON - De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesperson for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to.

Cottage on Quiet

WORDS   IMAGES   Matt Slater A 100-year-old cottage in Cape Town received a tasteful revamp, preserving its quaint details and heritage while simultaneously giving the space a new lease on life.  , in the heart of Cape Town's Claremont, was once a barn on the Sans Souci estate. Now, it's a stylish self-catering haven with state-of-the-art amenities, including Oggie flooring, Smeg appliances, Italtile bathroom fittings and Plantation shutters.

Taste sensation with Irish Association

CLOSE on 50 guests gathered at the Salisbury Café in Westville for a recent Food and Wine Pairing evening, proudly hosted by the Irish South African Association. Members and friends were greeted at the door with a whiskey aperitif before they were introduced to the first of six different white and red wine tastings that accompanied the delicious three-course meal. ALSO READ:  Prost! Locals toast to fund-raiser Distell wines introduced the six blind tastings which added to the interest as each table debated the wines' varietal and label.

Section 12J VC incentive a good start, but government can do more [Opinion]

The world of startups is a risky choice for an investor. But there is a clever way you can reduce that risk, and that is by investing in a government-sanctioned Section 12J fund. The tech industry often laments that government can do more to support small business.

New Bridge House Mile date, venue

The Bridge House Mile, now in its 6th year, has announced its event date for 2019. The event team has confirmed that it will be hosted on Saturday 2 March 2019 at a brand-new venue. Boschendal, one of the oldest farms in South Africa, founded in 1685, will be the new host venue.

Synthetic diamonds hogged media attention in 2018

Media coverage of the diamond industry in 2018 has been dominated by the inroads made in terms of laboratory-created diamond production and distribution, as well as their pricing dynamics, independent diamond expert Paul Zimnisky observed in a statement on his website, published last month. He commented that several new players had entered the synthetic-diamond space, and that improved production capabilities enabled scaled supply. "This year alone, the price differential of a generic 1 ct lab-created diamond has fallen by almost 50% relative to the price of a comparable natural diamond," Zimnisky pointed out.

Loss-making construction firm Group Five attracts interest

Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales. The company, whose shares have lost nearly all their value this year, has been cutting jobs and closing loss-making divisions amid stagnant economic growth and low public infrastructure spending.

SA's Karri thinking big with geographical and sector expansion

South African startup Karri Payments is quickly broadening its horizons, expanding its offering to various organisations and launching in Australia, the United Kingdom (UK), United States (US) and Canada. Founded in 2017 in partnership with Nedbank , Karri began with a pilot in four schools across the Western Cape, but is now in use across hundreds of schools across Africa. The payments platform allows schools collecting funds for various things to message parents, who are able to quickly make payments via the app.

Silicosis settlement provisionally approved, but faces delays

Before the agreement can be made an order of court, interested parties have to be given an opportunity to object The Johannesburg high court on Thursday provisionally approved the R5bn settlement reached between mining companies and workers suffering from silicosis and other occupational lung diseases. However, before the agreement can be made an order of court, interested parties have to be given an opportunity to object. The historic settlement was reached in May 2018 after three years of extensive negotiations between the workers and the companies — African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Gold Fields, Harmony and Sibanye-Stillwater.

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole

State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the power stations in line with the schedule outlined in the Integrated Resource Plan, which also assumes that the new Medupi and Kusile power stations will continue to be operational in 2050.

No disciplinary processes against Mahlangu, Hlongwa

The African National Congress (ANC) in Gauteng will not be pursuing further sanctions against disgraced former health MEC Qedani Mahlangu and its former chief whip in the legislature, Brian Hlongwa , after the two were kicked out of its provincial executive committee (PEC) this week. The ANC's national working committee (NWC) had agreed that the two should be removed from the structure that they were elected to in July following the recommendations of a provincial integrity commission, which advised that they, along with former Emfuleni mayor Simon Mofokeng , should not serve in public office or be in the PEC. It also recommended that they ought to have their membership revoked for a period.

Global recognition for SPAR's plastic initiative

SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month. The conference in Amsterdam in the Netherlands went under the banner of the SPAR International Responsible Retailing Forum and brought managers from around the world to share ideas and best-practice examples. SPAR EC managing director Conrad Isaac accepted the award on behalf of the company and said it was gratifying to have received such recognition.

Maluti Crescent Shopping Centre Phase 1 complete

Maluti Crescent Shopping Centre, formerly Setsing Crescent in Phuthaditjhaba, in the Free State, has unveiled the first part of its major redevelopment and expansion undertaken by JSE-listed retail real estate investment trust Vukile Property Fund; and is well on track for its official launch on March 21, 2019. Developed and leased by Flanagan & Gerard Property Development & Investment and designed by MDS Architecture for Vukile, the redevelopment will become the largest shopping centre in the town. Contractor Concor Buildings started construction work in January.

JSE likely to stumble on Friday

Namibian investment group Trustco, whose share price has swung between R6 and R13 recently, is scheduled to release its interim results The JSE's three trading days of gains look likely to end on Friday. Asian markets turned sour after 4am when Chinese industrial production figures for November were released, showing 5.4% annual growth versus the expected 5.

UK Stocks-Factors to watch on Dec 14

Dec 14 (Reuters) - Britain's FTSE 100 index is seen opening 54 points lower at 6,877.5 on Friday, according to financial bookmakers. * GLENCORE: Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.

AYANDA'S PAINTING RUFFLES A FEW FEATHERS

CONTROVERSIAL artist Ayanda Mabulu's latest work was removed from outside the Joburg Stock Exchange. After unveiling his new painting on Tuesday, it did not take long for cops to arrive on the scene. The artist told Daily Sun he was planning to take action against the cops after they removed him and his artwork.

Kotex recalls tampons in US and Canada after reports of injuries

Distributing company Kimberly Clark is recalling Kotex tampons after reports that the tampons were unraveling and causing injuries and infections. According to CNN , tampons produced between October 2016 and October 2018 were recalled after users experienced infections, irritation and injuries, with some people even needing medical attention to remove tampon pieces left inside their bodies.  Several distribution companies around the world have had to recall their products from shelves.

Terry Bell: Rest up - 2019 is coming

With 16 000 announced job losses in the past quarter; the SABC rudderless, amid much mud-slinging; and with pending court action regarding the claimed pillage of government pensioner funds; the coming period in South African hardly looks like "the season to be jolly". At best, certainly for the labour movement, it may perhaps be seen as a brief interlude, a time to catch breath and gird loins for the coming struggles. This is not a peculiarly South African phenomenon: the tills of the towns throughout Christendom are unlikely to ring so merrily in the run-up to December 25 and beyond.

Aspen strikes distribution deal with US drugmaker Mylan

Aspen says the deal is part of efforts to allow ‘enhanced operational focus' and reduce complexity. Aspen Pharmacare has struck a deal with US generics maker Mylan to distribute a portfolio of prescription and over-the-counter drugs in Australia and New Zealand. The arrangement by Aspen Global Incorporated and its Australian subsidiaries includes an option for Mylan to buy the portfolio for approximately 188 million Australian dollars ($136 million), the company said in a statement.

Netflix's Funa Maduka on Strategy for African, Arab Markets

Netflix has played a prominent role in this year's edition of the Marrakech Intl. Film Festival through sponsorship of the main industry event - the Atlas Workshops - and its recent investments in projects involving two of the fest's highest profile guests - Martin Scorsese ("The Irishman") and Guillermo del Toro ("Pinocchio"). The streamer recently talked of plans to order original series from Africa as part of its international expansion.

Christmas markets to attend this festive season

‘Tis the season for Christmas carolling, indulgent feasting and of course, shopping! If you'd prefer a lively festive experience as opposed to the crazy rush of a shopping mall, then these Christmas themed markets are for you. YOU'LL LOVE THESE CHRISTMAS IDEAS: Christmas entertaining ideas Garden of Lights This winter wonderland boasts festive adventures and lighting extravaganzas. It's a sensory experience that allows visitors to mingle around the picturesque gardens of the D'oreale Grande Hotel at Emperors palace whilst taking in the incredible lighting displays.

Vietnam's Vingroup targets global markets with smartphones in tech shift

HO CHI MINH CITY, Dec 14 (Reuters) - Vingroup, Vietnam's top listed firm by market value, underlined its technology ambitions on Friday with the launch of its first smartphones, which it plans to sell around the world. Once a real estate and retail focused conglomerate, Vingroup became Vietnam's first fully-fledged domestic carmaker two months ago with a business called Vinfast. Its four Vsmart phone models are being made in its factory in Vietnam's northern city of Haiphong, with a capacity to produce 5 million phones a year in the first stage.

NEW MARKETS, NEW INITIATIVES, AND NEWLY-LICENSED DRIVERS: FORD'S DRIVING SKILLS FOR LIFE TRAINS IN EXCESS OF 1 600 MOTORISTS

Author Type: Press Release Author: Ford South Africa Source: Ford South Africa Driving Skills for Life benefitted more than 1 600 drivers across the Middle East and Africa, making it the most successful year to date for Ford's globally renowned programme DSFL training held in South Africa and seven additional markets in Sub-Saharan Africa this year Programme focuses on hazard recognition, vehicle handling, speed management and space management PRETORIA, South Africa, 14 December 2018 -  Ford Driving Skills for Life (DSFL) has wrapped up 2018 having enjoyed its most successful year yet with over 1 600 motorists having benefitted from the programme across the Middle East and Africa region, including South Africa and Sub-Saharan Africa (SSA). Providing free training and instilling safe driving practices, the DSFL programme offered an excellent opportunity to gain experience in the four main primary driving skills: hazard recognition, vehicle handling, speed management, and space management. Ford DSFL was introduced to South Africa in 2010, and the innovative award-winning programme continues to make an impact locally, with courses held this year in Cape Town, Port Elizabeth, Rustenburg and Pretoria.

UPDATE 1-South Africa's Eskom evaluating bids for mortgage business

(Adds more details, background) JOHANNESBURG, Dec 14 (Reuters) - South Africa's cash-strapped power utility Eskom is evaluating bids for its finance company that specialises in mortgage lending to employees, its spokesman said on Friday. State-run Eskom is scrambling to keep the lights on in Africa's most advanced economy and has been implementing frequent controlled power cuts to prevent the grid from collapsing under the weight of electricity demand. "Eskom is currently evaluating bids for the sale of its non-core subsidiary Eskom Finance Company (EFC)," the utility's spokesman Khulu Phasiwe said on Twitter, adding the firm could not give further details until the process was completed.

Ilembe Chamber calls on local business for skills analysis survey

The Ilembe Chamber is inviting local businesses to take part in a skills analysis survey, which will help in better understanding the labour issues that are preventing business growth in  Ilembe. Chamber CEO Cobus Oelofse said they would be working with the Ilembe Vuthela LED project team to run the survey. "This forms part of a district wide analysis that is aimed to better understanding skills requirements and needs.

The real business benefits of SD-WAN

Despite multiple benefits, there are various issues which have negatively impacted the rate of adoption of SD-WAN, including scepticism about internet performance; multiple vendors entering an already vendor-heavy market; and vendors confusing clients by implying that SDWAN is a plug and play solution which they can simply manage on their own - resulting in indecision when it comes to outsourcing the WAN. Greg Hatfield is executive head: SDN & InternetOf course, there is the natural resistance to change that comes with emerging technology, however, SD-WAN is a compelling option for businesses because of the cost savings, improved agility and availability, and ability to act as a risk management tool. Improved performance, agility and speed Business agility is critical, especially in the IT arena, and network complexity is one of the primary reasons why organisations implement SD-WAN solutions.

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INVESTEC LIMITED - TR-1: Notification of major holdings

Wrap Text TR-1: Notification of major holdings Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 (jointly "Investec") As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements. Accordingly, we advise of the receipt of the following TR-1 notification: TR-1: Notification of major holdings NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer Investec Plc.

MEDICLINIC INTERNATIONAL PLC - Notification of major interest in Mediclinic International plc shares

Wrap Text Notification of major interest in Mediclinic International plc shares Mediclinic International plc (Incorporated in England and Wales) Company Number: 08338604 LSE Share Code: MDC JSE Share Code: MEI NSX Share Code: MEP ISIN: GB00B8HX8Z88 LEI: 2138002S5BSBIZTD5I60 ("Mediclinic", the "Company" or the "Group") 14 December 2018 Notification of Major Interest in Mediclinic International plc shares 1a. Identity of the issuer or the underlying issuer Mediclinic International plc. of existing shares to which voting rights are at- tached: 1b.

FIRSTRAND LIMITED - Voluntary Trading Statement Financial impact of Discovery Card transaction

Wrap Text Voluntary Trading Statement - Financial impact of Discovery Card transaction 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) VOLUNTARY TRADING STATEMENT - FINANCIAL IMPACT OF DISCOVERY CARD TRANSACTION FirstRand and Discovery Bank Limited (Discovery Bank) received final regulatory approval from the South African Prudential Authority and the Competition Commission on 7 November 2018 for the disposal of FirstRand's remaining 25.01% economic interest in the Discovery Card business and the group's remaining shareholding in Discovery Bank (the Discovery Card transaction). In accordance with the requirement to publish a trading statement as soon as a reasonable degree of certainty exists that the earnings for the next reporting period will differ by at least 20% when compared to the previous corresponding reporting period, FirstRand advises shareholders that the impact of the Discovery Card transaction is expected to bring FirstRand into this range.

NETCARE LIMITED - Availability of IAR, notice of AGM, no change statement, BEE certificate and proposed specific repurchase

Wrap Text Availability of IAR, notice of AGM, no change statement, BEE certificate and proposed specific repurchase NETCARE LIMITED (Registration number 1996/008242/06) JSE ordinary share code: NTC ISIN: ZAE000011953 JSE preference share code: NTCP ISIN: ZAE000081121 ("Netcare" or the "Company") AVAILABILITY OF THE ANNUAL INTEGRATED REPORT, DISTRIBUTION AND NOTICE OF ANNUAL GENERAL MEETING, NO CHANGE STATEMENT, BEE ACT ANNUAL COMPLIANCE CERTIFICATE AND A PROPOSED SPECIFIC REPURCHASE OF NETCARE ORDINARY SHARES Availability of Annual Integrated Report, distribution and notice of Annual General Meeting and no change statement Further to Netcare's summarised audited group results for the year ended 30 September 2018 released on the Stock Exchange News Service on Monday, 19 November 2018 ("Published Annual Results"), shareholders are advised that the Netcare 2018 annual integrated report ("Annual Integrated Report") is available on the Company's website, http://www.netcare.co.

OCEANA GROUP LIMITED - No Change Statement And Notice Of Annual General Meeting

Wrap Text No Change Statement And Notice Of Annual General Meeting Oceana Group Limited Incorporated in the Republic of South Africa (Registration number 1939/001730/06 JSE Share Code: OCE NSX Share Code: OCG ISIN Number: ZAE000025284 ("Oceana" or "the Company" or "the Group") NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING 1. No Change Statement Oceana shareholders ("Shareholders") are advised that Oceana published its audited annual financial statements for the financial year ended 30 September 2018 ("AFS") today, 14 December 2018, on its website at (http://oceana.co.

SAPPI LIMITED - Integrated report 2018, no change statement and notice of annual general meeting

Wrap Text Integrated report 2018, no change statement and notice of annual general meeting Sappi Limited (Incorporated in the Republic of South Africa) Registration number: 1936/008963/06 JSE share code: SAP ISIN code: ZAE000006284 (‘Sappi' or ‘the Company') 14 December 2018 INTEGRATED REPORT 2018, NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the Integrated Report for the year ended September 2018 will be dispatched to shareholders on 14 December 2018 and will also be available online on 14 December 2018 on the Sappi website (www.sappi.com/annual-reports).

IMPALA PLATINUM HOLDINGS LIMITED - Notice of disposal of Implats securities

Wrap Text Notice of disposal of Implats securities IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE Share code: IMP ISIN: ZAE000083648 ADR code: IMPUY ("Implats" or the "Company") NOTICE OF DISPOSAL OF IMPLATS SECURITIES In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Implats shareholders are advised that the Company has received formal notification that Royal Bafokeng Holdings (Pty) Ltd (RBH), has disposed of a 1.32% beneficial interest in securities of the Company, such that the total interest in securities held by RBH now amounts to 4.

MAS REAL ESTATE INC - Changes to the board of directors

Wrap Text Changes to the board of directors MAS Real Estate Inc Registered in the British Virgin Islands Registration number 1750199 SEDOL (EMTF): B96VLJ5 SEDOL (JSE): B96TSD2 JSE share code: MSP ISIN: VGG5884M1041 LEI code: 213800T1TZPGQ7HS4Q13 ("MAS" or "the Company") CHANGES TO THE BOARD OF DIRECTORS The Company is pleased to announce the appointment of Melt Hamman as a non-executive director of the Company with effect from 14 December 2018. Melt is the CEO of Attacq Limited ("Attacq"), a major shareholder of MAS. Prior to joining Attacq in 2013 as CFO, Melt was the Chief Risk Officer at WesBank, a division of FirstRand, and served on the WesBank Exco.

FTSE 100 tumbles as weak Chinese data dents markets

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from China sent Britain's top stock index sharply down on Friday as banks, miners and consumer stocks suffered from investors' mounting anxiety about the world's second-biggest economy.

THIS WAS SUPPORTED BY CHANGES IN THE BALANCE OF SUPPLY AND DEMAND IN CERTAIN FOOD MARKETS.

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FTSE 100 tumbles as weak Chinese data dents markets

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from China sent Britain's top stock index sharply down on Friday as banks, miners and consumer stocks suffered from investors' mounting anxiety about the world's second-biggest economy.

GLOBAL MARKETS: Washing machine makers fined for price-rigging

Whirlpool, Electrolux, Bosch's BSH unit ROBG.UL, Indesit, Candy Hoover and Eberhardt Frères were fined for agreeing price increases on washing machines, fridges or ovens Volkswagen has announced another €3bn of cost cuts in an effort to speed up an improvement in profit margins at its core VW brand. Still battling to recover from a 2015 scandal over emissions test cheating, the German carmaker has been cutting costs to fund a shift to electric cars and automated driving.

EMERGING MARKETS-Stocks, currencies fall after China reports weak economic data

* EM stocks set for second week of losses * Russia's rouble dips ahead of policy decision * South Africa's rand worst hit among FX By Agamoni Ghosh and Sruthi Shankar Dec 14 (Reuters) - Emerging-market stocks were set for their second consecutive week of losses on Friday amid worries about a slowdown in China's economy. Currencies weakened after four weeks of gains. A string a weak economic numbers across leading economies in the recent days, including weak PMI data for Europe on Friday, added to fears about a global slowdown.

Rand unravels after another wild week for global markets

The rand came unstuck on Friday morning, reflecting the deterioration in global sentiment. The local currency shed nearly 1% against the dollar, putting it on track for the second consecutive weekly decline. Other emerging-market currencies, including the Turkish lira, were also under pressure.

Chinese battery firm halts purchases of cobalt from Glencore - sources

LONDON/BEIJING - Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52 800 tonnes of cobalt from mining and trading giant Glencore between 2018 and 2020, without revealing the price. Cobalt prices on the London Metal Exchange have nearly halved to around $55 000 a tonne since late March, when they hit record highs on expected demand growth.

WATCH: Stock picks — Italtile and Fedex

Sekgabo Molelekoa from Umthombo Wealth chose Italtile as her stock pick of the day and Ricus Reeders from PSG Wealth chose Fedex. Italtile's deal with Ceramic has been concluded now they have the full value chain from manufacturing all the way to retail. "They have also down-traded in terms of the offering with Top T and aggressively targeting the lower LSM.

Chinese battery firm halts purchases of cobalt from Glencore - sources

FILE PHOTO: The logo of commodities trader Glencore is pictured in Baar By Pratima Desai and Tom Daly LONDON/BEIJING (Reuters) - Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52,800 tonnes of cobalt from mining and trading giant Glencore between 2018 and 2020, without revealing the price. Cobalt prices on the London Metal Exchange have nearly halved to around $55,000 a tonne since late March, when they hit record highs on expected demand growth.

Aspen Pharmacare drops on debt worries and revenue forecast

(Adds detail and quotes) JOHANNESBURG, Dec 14 (Reuters) - Shares in Aspen Pharmacare fell more than 8 percent on Friday, a day after the South African drugmaker said it had negotiated a temporary relaxation of its lending agreements and forecast little growth in full-year revenues. The company, which is finalising the sale of its infant formula business, said on Thursday it had agreed a relaxation of its lending agreements with creditors should the transaction not be completed by Dec. 31.

ASPEN PHARMACARE HOLDINGS LIMITED - Aspen Pre-Close Statement Clarification

Wrap Text Aspen Pre-Close Statement - Clarification ASPEN PHARMACARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) ("Aspen Holdings") Registration number: 1985/0002935/06 Share code: APN ISIN: ZAE000066692 and its subsidiaries (collectively "Aspen" or "the Group") ASPEN PRE-CLOSE STATEMENT - CLARIFICATION Based upon enquiries received since issuing the Pre-Close Statement released on SENS after market close yesterday, 13 December 2018, Aspen wishes to clarify that agreement was reached with Aspen's syndicate of funders during the period to November 2018, providing multi-currency facilities to negotiate a conditional and temporary adjustment to Aspen's leverage ratio covenant as at 31 December 2018 as reported in yesterday's SENS. Durban 14 December 2018 Sponsor: Investec Bank Limited About Aspen Aspen is a leading global player in specialty, branded and generic pharmaceuticals with an extensive basket of products that provide treatment for a broad spectrum of acute and chronic conditions experienced through all stages of life. Aspen continues to increase the number of lives benefitting from its products, reaching more than 150 countries.

HAMMERSON PLC - Transaction in Own Shares

Wrap Text Transaction in Own Shares Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 ("Hammerson" or "the Company") Transaction in Own Shares 14 December 2018 The Company announces that on 13 December 2018, in accordance with the authority given to the Company by its shareholders and pursuant to a share repurchase programme, it purchased for cancellation from Deutsche Bank AG, London Branch the following ordinary shares: Highest Lowest VWAP No. of shares Venue price paid price paid paid per share (p) (p) (p) 275,000 London Stock Exchange 370.9000 358.

AVI LIMITED - Dealing In AVI Shares By An AVI Director

Wrap Text Dealing In AVI Shares By An AVI Director AVI Limited (Incorporated in the Republic of South Africa) Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 ("AVI" or "the Company") DEALING IN AVI SHARES BY AN AVI DIRECTOR In compliance with Rules 3.63 - 3.74 of the Listings Requirements of the JSE Limited ("the JSE"), the following information is disclosed: Name of director : Michael Koursaris Date of transaction : 13 December 2018 Strike price and exercise price per option : R53.

REUNERT LIMITED - No change statement, notice of annual general meeting and availability of the B-BBEE annual compliance rep

Wrap Text No change statement, notice of annual general meeting and availability of the B-BBEE annual compliance report REUNERT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share code: RLO ("Reunert" or the "Company") NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND AVAILABILITY OF THE BROAD-BASED BLACK ECONOMIC EMPOWERMENT ("B-BBEE") ANNUAL COMPLIANCE REPORT No change statement Shareholders are advised that the annual financial statements for the year ended 30 September 2018 ("Annual Financial Statements") will be distributed to shareholders on or about 14 December 2018. The Annual Financial Statements and the auditor's report thereon contain no modifications to the audited preliminary summarised results which were published on SENS on Tuesday, 20 November 2018, or the auditor's report thereon. Notice of the annual general meeting Notice is hereby given that the Company's 105th annual general meeting of ordinary shareholders will be held in Reunert's Boardroom, Nashua Building, Woodmead North Office Park, 54 Maxwell Drive, Sandton, on Monday, 11 February 2019 at 10h00, to transact the business as stated in the notice of annual general meeting, which is distributed with the Annual Financial Statements and is available on Reunert's website (https://www.

Aspen Pharmacare shares slump after revenue forecast disappoints

Aspen forecast full-year revenue growth of between 1% and 4% in commercial pharmaceuticals. Shares in South The drugmaker, which is in the process of disposing of its infant formula business, said in a statement that weaker performance across Europe had offset the positive performance for commercial pharmaceuticals in most emerging markets. At 0815 GMT, the shares were down 6.

Aspen Pharmacare shares slump after revenue forecast disappoints

People walk near the reception at the Johannesburg Stock Exchange (JSE) in Sandton, Johannesburg, South Africa. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) - Shares in South Africa's Aspen Pharmacare fell more than 8 percent in early Friday trade a day after it forecast full-year revenue growth of between 1 percent and 4 percent in commercial pharmaceuticals. The drugmaker, which is in the process of disposing of its infant formula business, said in a statement that weaker performance across Europe had offset the positive performance for commercial pharmaceuticals in most emerging markets.

GLENCORE PLC - GLN - Transactions in own shares - 13 December 2018

Wrap Text GLN - Transactions in own shares - 13 December 2018 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 14 December, 2018 Transactions in own shares - 13 December 2018 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 13 December 2018 Aggregate number of ordinary shares of USD 0.

Tiger Brands cooperates with class action lawsuit

How secure are you? How to react when you know who the criminals are - December 9, 2018 Three house robbers in Wendywood nabbed - December 4, 2018 Police urge residents to install extra safety precautions this festive season - December 4, 2018 Police awareness campaign in Woodmead - December 1, 2018 32 arrested at two hijacked properties in Sandton - December 11, 2018 No load shedding for today, but the risk remains high - December 10, 2018 Helpful details for contacting the City to attend to issues in Sandton central - December 10, 2018 Joburg Water imposes water restrictions for Sandton - December 9, 2018 Bid to rename Sandton Drive tabled in City Council - December 1, 2018 Learn to code - 1 day ago Brescia House ends the year on a high note - December 8, 2018 Saints learner is at the top of his game - December 6, 2018 Smart children at Montrose Primary School - December 4, 2018 Annual public speaking competition hosted at Bryanston Primary School - December 3, 2018 Tech Thursday: South Africa's top trending searches on Google in 2018 - 22 hours ago Red Christmassy cold gazpacho is perfect for these hot summer days - 1 day ago Water Wednesday: National Government relaxes Western Cape water restrictions - 2 days ago Why people stick to false beliefs despite hard evidence to the contrary - 2 days ago How Coca-Cola and holly fixed red and green in our minds as the colours of Christmas - December 12, 2018 Is your home ready for fibre? Find out in a few easy steps. - 21 hours ago Car enthusiasts can now brag thanks to Branix Media - 2 days ago Big bright Sensodyne tooth shines in town - December 12, 2018 Food Lover's Market CHILLI ON TOP goes for gold! - December 3, 2018 Who will be crowned this season's Win A Home Duo winners? - December 3, 2018 South Africa bid to host 2019 Africa Cup of Nations - 46 mins ago Research shows dramatic impact of Australian shark culls - 48 mins ago App-ology: Tech tycoon atones for coastal damage with mobile guide - 49 mins ago Egypt

Business Tech Trends to Watch in 2019

Innovations within the IT industry are empowering businesses everywhere to know more, do more, and be better in every way that matters, and that's today's reality. As of right now, companies can leverage massive processing power and cutting-edge connected sensors to collect and analyse data from intelligent data points around their businesses. They're using super-fast storage to store and structure the mountain of data they collect in ways that make it easier to analyse.

Regent Business School Sponsored Masterclass: The 4th Industrial HR Revolution, Really!

Dr. Ahmed Shaikh, Managing Director at REGENT Business School, facilitated the event by presenting a "futuristic" talk on Industry 4.0 and its Impact on Human Resource Management in today's digital economy that is increasingly characterised by the merging of the physical, digital and biological worlds across various local and global platforms.

Ara 2 MRAP in production as Proforce expands business

Nigeria's Proforce Limited is preparing to launch the 2019 version of its PF Ara 2 Mine Resistant Ambush Protected (MRAP) vehicle as it expands into the naval and unmanned aerial vehicle markets while increasing local content in its vehicles. The Ara 2 (meaning Thunder) is a 4x4 Armoured Personnel Carrier, with thirty presently being produced for the Nigerian Army. Foreign countries have requested for another twenty, according to Raymond Asare-Sintim, Business Development Executive at Proforce.

Business News - 13 Dec 2018

Zuma set to pay his own legal fees, Gordhan convince's SAA CEO to stay, and the ECB brings quantitive easing to an end..

SA Government Launches R2 Billion Fund For Small Business Startups

Startup. Rawpixel.com / Shutterstock The South African government has on Friday launched a R2 billion fund to help small business start-ups that are geared towards creating employment opportunities and contribute to the growth and development of the economy.

Integrity vital for business success - Ilembe Chamber

Journalism and law enforcement were key elements in business success this year. This is according to the Ilembe Chamber who last week handed their prestigious president's award to The North Coast Courier journalist Erica Abrahams and Umhlali SAPS captain Vinny Pillay for their respective contributions to the Ilembe business community. Also read:  Umhlali SAPS Captain Vinny Pillay keeps on shining Presented at the Chamber's year-end event by president Xolani Gumede, captain Pillay was thanked for the role he played in maintaining peace and order during labour disputes during the course of the year.

Stay, work or play with DStv Business

DStv Business offers three industry-specific packages tailored to the needs of business customers Capitalising on information is key to the success of any business - as is adding value to customers and stakeholders. DStv's innovative new DStv Business packages are tailored to the needs of specific business customers, and offer the latest news channels, sport and entertainment from around the world. DStv Business offers three brand-new, industry-specific packages: STAY (the perfect in-room entertainment option for hotels, lodges and bed and breakfasts); PLAY (ideal for viewing the latest sport and music in restaurants, bars and taverns) and WORK (with channels focused on entertaining and informing staff and customers in the workplace).

South Africa's Aspen says on track to dispose of baby milk business

FILE PHOTO: An Aspen Pharmacare logo is seen at outside company offices in Woodmead JOHANNESBURG (Reuters) - Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35 percent within a week after it announced the sale of its infant formula business in September to French company Lactalis for 12.9 billion rand($907.

Top 10 personal technologies to support digital business

The idea of an assistant that can schedule meetings and arrange a calendar, order lunch and remind you that you need to leave the office before 4:30 on Thursday to make it across the city to dinner with colleagues doesn't seem too extraordinary-until you learn the assistant isn't a person at a desk, but rather a virtual assistant (VA). While consumers are increasingly familiar with a range of VAs including Apple's Siri, Google Assistant, Amazon Alexa and Microsoft Cortana, these technologies have begun to migrate from consumer to business. With all the personal technology currently available, it can be difficult for businesses to decipher which represent an opportunity for end customers and which are too immature to warrant any attention.

Protests plunge French business activity into contraction - PMI

- Business activity weakest in more than four years - Violent protests weighing in particular on services - French Q4 quarterly growth seen easing to 0.2 pct PARIS, Dec 14 (Reuters) - French business activity plunged unexpectedly into contraction this month, retreating at the fastest pace in over four years in the face of violent anti-government protests, a monthly survey showed on Friday. Data compiler IHS Markit said that its composite purchasing mangers index dropped to 49.

R2b fund for small business start ups

Government has on Friday launched a R2 billion fund to help small business start-ups that are geared towards creating employment opportunities and contribute towards the growth and development of the economy. The Project Development Partnership Fund (PDP) has been established through a joint venture between the Public Investment Corporation (PIC) and Unemployment Insurance Fund (UIF) - an entity of the Department of Labour. Minister of Labour Mildred Oliphant, speaking at the launch of the fund in Pretoria on Friday, said the fund is expected to create and support over 10 000 jobs.

R2b fund for small business start ups

Government has on Friday launched a R2 billion fund to help small business start-ups that are geared towards creating employment opportunities and contribute towards the growth and development of the economy..

Insights from an award-winning business

2018 was an eventful year for , with the integrated, creative advertising agency winning several awards, amongst which were six Creative Circle Ad of The Month awards, an Apex award, 10 Loeries (including a Grand Prix for the Nando's #RightMyName campaign) and an Epica award. In addition, the company's Founding Partner and CEO, Mike Abel, was named as Business Achiever of the Year at the ABSA Jewish Achiever Awards and M&C Saatchi Abel itself was listed as one of the top five creative agencies in the country in the Loeries 2018 official rankings. Abel says: "It's great to have won these awards as they mean that outside organisations are acknowledging that what we're doing is good.

South Africa's Aspen says on track to dispose of baby milk business

An Aspen Pharmacare logo is seen at outside company offices in Woodmead, Johannesburg, South Africa, September 13, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) - Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35 percent within a week after it announced the sale of its infant formula business in September to French company Lactalis for 12.

Great gifts for the intrepid business traveller

Need to buy a gift for the business traveller in your life? We might have a couple of ideas. If you have a loved one who's a regular business traveller, Dawn Weir, head of kulula work has some ideas for clever gifts. So clever, we plan on buying a few of these for ourselves.

Dersley company wins at the South African Small Business Awards 2018

Logistics company Nolitha TS was named the 2018 National Rising Star Champion at the South African Small Business Awards that took place in Johannesburg recently. The award recognises the strength and potential of the business, which only started in 2016. As for the win, company founder Nolitha Nkosi-Tshabalala says she was in a state of disbelief when her name was announced.

Aspen says on track to dispose of baby milk business

Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35% within a week after it announced the sale of its infant formula business in September to French company Lactalis for R12.9-billion to focus on its core pharma business.

Aspen on track to dispose of baby milk business

Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35 percent within a week after it announced the sale of its infant formula business in September to French company Lactalis for 12.9 billion rand($907.

20 Good Business Ideas To Start With Low Capital

Not everyon one can open a new business with large amounts of funding. You can use these low capital business ideas to start as a launch pad for your entrepreneurial career. Leaving the daily grind to start your own business can seem daunting, but the internet has made it possible for you to upskill yourself and become a business owner.

How AI-powered chatbots are unlocking business value

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

Today's business needs intelligent data storage

The world is driven by data. It's an instant world, where customers can make or break a business and the insights derived from data is the only thing that gives companies any indication of how to satisfy their markets. Adam Day, CEEMA Storage Category Manager at Hewlett Packard EnterpriseData can deliver insights into shifting demographics, customer behaviour, operational efficiencies and inefficiencies, and enable a world where instant product feedback and satisfaction is expected.

SA business resilient in face of hostile economic conditions

South Africa has seen fewer companies fail in November 2018, compared to the corresponding period last year. Findings made by Statistics South Africa (StatsSA) reveal that the total number of liquidations showed a year-on-year decrease of 35,2 percent in November 2018. In addition to that, the number of voluntary liquidations decreased by 62 cases and compulsory liquidations decreased by 14 cases.

Markets LIVE: Rand on the backfoot as EMs trail behind

What we're waking up to: The rand is weaker this morning, changing hands at R14.23 to the greenback. TreasuryONE said in a morning note to clients, "The major currencies traded in fairly tight ranges yesterday as markets looked for fresh news on the direction for the dollar.

When a tide becomes a trickle: Of droughts and markets

As the saying goes, "Never waste a crisis". The water constraints that made the threat of "day zero" loom over Cape Town for nearly a year, and the beating that the all share index took in 2018, have more in common than one might think. PSG Wealth financial adviser Richus Nel says both the severe drought in Cape Town and the Western Cape, and the ill fortunes of the Johannesburg Stock Exchange, caught South Africa napping - and hold lessons for better planning in future.

Tiger Brands Granular reporting

The South Gauteng High Court has given the nod for a class action by which 1,000 victims of this year's listeriosis outbreak, which killed 200 people and sickened many, many more, may claim compensation. Lawyers believe the payments could amount to over R2bn in total, a hefty chunk off the bottom line. Tiger have agreed to cooperate with the action, but do not admit guilt.

ANHEUSER-BUSCH INBEV SA/NV - Publication of Base Prospectus

Wrap Text Publication of Base Prospectus Anheuser-Busch InBev SA/NV (Incorporated in the Kingdom of Belgium) Register of Companies Number: 0417.497.106 Euronext Brussels Share Code: ABI Mexican Stock Exchange Share Code: ANB NYSE ADS Code: BUD JSE Share Code: ANH ISIN: BE0974293251 ("AB InBev" or the "Company") Publication of Base Prospectus The following base prospectus (the "Base Prospectus") has been approved by the UK Listing Authority and is available for viewing: Base Prospectus dated 12 December 2018 relating to the Anheuser-Busch InBev SA/NV €40,000,000,000 Euro Medium Term Note Programme unconditionally and irrevocably guaranteed by Anheuser-Busch Companies, LLC, Anheuser-Busch Inbev Finance Inc.

Publicis Groupe's Starcom now responsible for Fiat Chrysler's media business

Adweek reports that Fiat Chrysler Automobiles has awarded responsibility of its $950m US media business to Publicis Groupe's Starcom. Starcom is responsible for media buying and planning for all of Fiat Chrysler's brands, which include Jeep, Chrysler, Dodge, and Ram. Read more on this here.

Border Frontier founder wins award for Best Business Concept

Palesa Malebo VANDERBIJLPARK - The founder and brand consultant at Border Frontier, Lungiswa Mzimba, whose passion points are branding, communication and sustainability, was recently awarded the Best Presentation Concept in the 2018 Vaal Enterprising Women Programme. The prestigious awards ceremony was recently held at Emerald Resort & Casino. "The award is a wonderful recognition.

Should you lease or buy your business premises?

By Heartwood Properties, CEO, John Whall. It's the age old dilemma: should you plan to lease or own your business premises? There are advantages and disadvantages to both, with much depending on the life cycle and stage of each individual business. The appeal for many businesses to own their own premises is that it can be an appreciating asset and a sound financial investment in the long term.

Zondo's secret ingredient to owning a helicopter business

Bahle Zondo's passion for flying propelled him to great heights. From a young age, Zondo knew that he was born to fly.  The 38-year-old was born into a less privileged household in rural uMsinga.

Sunshine Ladies Tour unveils 2019 schedule

Five-time Sunshine Ladies Tour winner and 2018 Investec Property Fund Order of Merit champion Stacy Bregman; credit Michael Edwards GOLF NEWS - 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 2019. The tour launches on 30 January, and the prestigious Investec South African Women's Open will fittingly draw the curtain on the sixth season in mid-March. The crown jewel of South African women's golf will once again carry Ladies European Tour co-sanctioned status and boast a purse of R2 million.

Sunshine Ladies Tour unveils 2019 schedule

Five-time Sunshine Ladies Tour winner and 2018 Investec Property Fund Order of Merit champion Stacy Bregman; credit Michael Edwards GOLF NEWS - 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 2019. The tour launches on 30 January, and the prestigious Investec South African Women's Open will fittingly draw the curtain on the sixth season in mid-March. The crown jewel of South African women's golf will once again carry Ladies European Tour co-sanctioned status and boast a purse of R2 million.

Resilient: only FSCA can end uncertainty

The company, whose share price collapsed amid allegations of insider trading and market manipulation, says it has done all it can to assure shareholders that its management is not guilty of wrongdoing Resilient, the founding member of the stable of property companies whose share price collapse amid allegations of insider trading and market manipulation has cost investors more than R100bn, has challenged regulators to speed up their investigations and bring the matter to rest. The company said on Thursday it had done all it could to assure shareholders that its management was not guilty of wrongdoing and that only the Financial Sector Conduct Authority (FSCA) could bring an end to the ongoing uncertainty. It has rejected calls from the country's biggest fund managers, including the Public Investment Corporation, Allan Gray and Coronation, for an independent probe into the group's affairs.

The Merlot Play-maker: Yvonne Lester from Rupert & Rothschild

Where did you study wine-making and why did you choose this career? I did a BSc. with Oenology and Viticulture at the University of Stellenbosch. My foray into winemaking can be attributed to passion as well as it being a part of my DNA.

Small business lobbies' allegations against government are unfounded

Contrary to claims by Small Business Institute and Small Business Project, interventions by departments of trade & industry and small business development are based on research On July 25 and 26 Business Day published demands by the Small Business Institute (SBI) and Small Business Project (SBP) for the closure of the department of small business development. The two claimed the country is "flying in the dark" as this department does not understand the realities of small business development. The SBI repeated the claims at its quarterly colloquium in November.

Japan business mood steady but outlook sours - BOJ tankan

(Adds detail, context) * Dec big manufacturers' sentiment DI plus 19 vs f'cast +17 * Service-sector sentiment plus 24 vs f'cast +21 - tankan * Companies expect sentiment to sour 3 months ahead * Big firms stick to this fiscal year's robust capex plans By Leika Kihara and Tetsushi Kajimoto TOKYO, Dec 14 (Reuters) - Confidence among Japan's big firms remained unchanged from three months ago, a closely-watched central bank survey showed, but sentiment on the outlook soured for the first time in three quarters as trade frictions and global growth concerns hurt the business mood. Big companies maintained their upbeat capital expenditure plans for the current fiscal year, the Bank of Japan's "tankan" survey for the three months to December showed, an indication robust domestic demand was softening the blow from external headwinds. The tankan's headline gauge of big manufacturers' sentiment stood at plus 19, unchanged from three months ago and beating a median market forecast of plus 17, the survey showed on Friday.

Only time will tell

At first glance, Ibiwisi appears to be a word from one of South Africa's many indigenous languages - but, alas, it is not. The origin of the word itself is a mystery. Ibiwisi is actually an acronym for ‘I'll believe it when I see it', and is my favourite acronym for 2018.

Taking a profitcentric approach to navigation of energy transition

With the expected implementation of the Carbon Tax Bill in 2019, amid rising energy prices, companies should consider developing new energy strategies to curb their energy consumption, says financial advisory firm PSG Group subsidiary Energy Partners engineering head Barry Drotsche. The ideal strategy to contain and manage the energy spend of a business should include, firstly, the relationship between the company's profits and its energy expenditure, which can also help to reduce the carbon footprint, he says. "Each operation is different and a business owner has to know whether a chosen solution will provide the best return on investment.

Everything you read about Johann Rupert is wrong

writes on the businessman's controversial appearance on the PowerFM Chairman's Report ___STEADY_PAYWALL___ Norman Mailer's  The Armies of the Night  (1968), chronicling the 1967 anti-Vietnam march to the Pentagon (and Mailer himself), begins: "From the outset, let us bring you news of your protagonist. The following is from  Time  magazine, October 27, 1967." Mailer then quoted the  Time  article in full; it takes up 95% of chapter one of Part I.

How Morgan Stanley wooed Uber for its IPO business

Uber is taking Morgan Stanley to the prom . The ride-hailing company picked Morgan Stanley to lead its coveted 2019 public offering, Bloomberg reported Dec. 11 (paywall).

Keira Duncan and Frankie du Toit claim Enduro Champs titles

Keira Duncan (PYGA Mountain Bikes, Leatt Protective and Dovehouse Organics). Photo credit: Alan Richert Photography"> Keira Duncan (PYGA Mountain Bikes, Leatt Protective and Dovehouse Organics). Photo credit: Alan Richert Photography Popularity in a sport is always good to see and the steadily increasing participation of Enduro racing was evident when the Karkloof MTB Club hosted the second ever South African Enduro National Championships in the Karkloof Valley, KwaZulu-Natal, at the end of October.

Nubian Music Festival set to grip the heart of Harties

After a successful debut in 2017, the Nubian Music Festival is back with Africa's finest musicians set to perform live in a gorgeous setting. An entire weekend of entertainment for the whole family is expected at Hartbeespoort Dam's Eagle Waters Wildlife Resort from 14 to 17 December. The main festival is set to take place on December 16.

News24.com | No disciplinary processes against Mahlangu, Hlongwa

The ANC in Gauteng will not be pursuing further sanctions against disgraced former health MEC Qedani Mahlangu and its former chief whip in the legislature, Brian Hlongwa, after the two were kicked out of its provincial executive committee (PEC) this week. The ANC's national working committee (NWC) had agreed that the two should be removed from the structure that they were elected to in July following the recommendations of a provincial integrity commission, which advised that they, along with former Emfuleni mayor Simon Mofokeng, should not serve in public office or be in the PEC. It also recommended that they ought to have their membership revoked for a period.

Group Five mulls interest in its assets

The construction firm's board is considering expression of interest for unspecific assets in order to stay afloat Group Five, once one of SA's iconic construction groups, now faces the prospect of selling off better performing assets in order to stay afloat. The company said on Thursday it was considering offers for some of its assets, a move that could alleviate the loss-making company's financial woes, especially following the latest setback with the Kpone power project in Ghana. News of the possible sale of some of the company's assets saw its share price double to 48c in early trade on Thursday before it retreated to the opening price of 24c.

Sunshine Ladies Tour unveils 2019 schedule

Cape Town - 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 2019. The tour launches on January 30 , and the prestigious South African Women's Open will fittingly draw the curtain on the sixth season in mid-March. The crown jewel of South African women's golf will once again carry Ladies European Tour co-sanctioned status and boast a purse of R2 million.

Global recognition for SPAR's plastic initiative

SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month. SPAR Eastern Cape advertising manager Roseann Shadrach (left) and promotion and advertising manager Trevor Blundell display the award for consumer engagement in plastic reduction received by SPAR EC at the SPAR International Conference in Amsterdam, the Netherlands. Picture: Full Stop Communications The conference in Amsterdam in the Netherlands went under the banner of the SPAR International Responsible Retailing Forum and brought managers from around the world to share ideas and best-practice examples.

Aspen could sell portfolio for R1.9bn

US-headquartered pharmaceutical group Mylan will have option to buy portfolio SA's biggest listed drugmaker Aspen Pharmacare said on Thursday it might sell a portfolio of products mainly sold in Australia and New Zealand for R1.9bn. In line with a plan to divest noncore assets, Aspen had entered into a distribution arrangement with US-headquartered pharmaceutical group Mylan for the portfolio of prescription and over-the-counter products.

JSE closes firmer after a choppy trading session

The JSE held on to its gains to close firmer on Thursday as global markets remained upbeat following consecutive sessions of gains. Trading was relatively choppy across the JSE and on European counters as investors waited in anticipation of the European Central Bank's (ECB's) press conference following its interest rate decision. As widely expected, the ECB has resolved to stop its asset purchase programme which has been in place for nearly a decade.

Fin24.com | Sibanye: Gold wage deal extended to all workers

According to Sibanye-Stillwater, the collective membership of the NUM, UASA and Solidarity has increased to over 50% of the employees at the South African gold operations, allowing for extension of the agreement..

Tumultuous year deals Alexander Forbes a R45m loss

Alexander Forbes Group Chief Executive Dawie de Villiers has revealed a loss of R45m in the announcement of the company's interim financial results for the six months ended September 30, 2018. The company held a briefing in Johannesburg, which reporters accessed from around South African and the United Kingdom on Tuesday morning. The announcement comes after the company was rocked by the failure of a software program that cost the company R339m, which was expected to have a significant impact on the interim results.

British American Tobacco on track for a strong performance

JOHANNESBURG - British American Tobacco (BAT), the biggest listed tobacco company in the world, has maintained its earnings guidance for 2018, expecting full-year industry volume to decline by about 3.5percent. The tobacco company faces headwinds in regulations, especially in the US, with weaker emerging market outlooks as conventional tobacco smoking dwindles.

Sibanye: Gold wage deal extended to all workers

Sibanye-Stillwater [ JSE:SGL ] has extended its gold wage agreement with the National Union of Mineworkers, UASA and Solidarity to all employees at the company's gold operations, the company said in a statement on Thursday.  This means members of the Association of Construction and Mineworkers Union and those employees not represented by the union will be party to the agreement, which ended the strike started by AMCU, Sibanye said. According to the SENS announcement released by the company, during the strike the collective membership of the NUM, UASA and Solidarity increased to over 50% of the employees at the South African gold operations.

Fin24.com | Sibanye: Gold wage deal extended to all workers

According to Sibanye-Stillwater, the collective membership of the NUM, UASA and Solidarity has increased to over 50% of the employees at the South African gold operations, allowing for extension of the agreement..

Barclays nabs Credit Suisse markets tech head before the holidays

Barclays has poached a high-ranking technology lead from Credit Suisse just before the end of the year. Chris Wells, a former managing director of global markets technology at Credit Suisse, started at Barclays in December in New York as an MD heading up its macro technology team. The move comes just a month after Barclays brought over Michael Lublinsky from hedge fund Brevan Howard to lead the UK bank's macro trading business in New York.

Time-tested ways of holding business to account are crumbling

T HE TERM "public company" to denote a group with shares listed on a stockmarket suggests that society at large has an interest in how they are run. Fair enough: one does not need to own shares in Royal Dutch Shell or Facebook to care what their bosses are up to. Comparisons between the market value of multinationals and countries' GDP are wide of the mark, but their recurrence reflects a legitimate anxiety about the clout of business.

Business Vubiquity, Discover Digital International partner with TelOne to launch Video-on-Demand services in Zimbabwe

Vubiquity, an Amdocs company and one of the leading global providers of premium content services and media technology solutions, has announced a multi-year deal with payment platform Discover Digital to launch Video on Demand (VoD) services in Zimbabwe. This new partnership will see the companies provide new and exclusive international plus local content to service providers in Africa, starting with TelOne DEOD (Digital Entertainment On Demand) in Zimbabwe. TelOne Zimbabwe is the largest telecommunications entity in Zimbabwe and has the second largest fixed-line network in southern Africa.

Great gifts for the intrepid business traveller

If you have a loved one who's a regular business traveller, Dawn Weir, head of kulula work has some ideas for clever gifts. So clever, we plan on buying a few of these for ourselves Cable organiser: rather than stuffing your laptop's power-cables, chargers for your devices, and headphones, you can arrange them in neat, protective bags available in a range of sizes and designs. The more compact ones will hold your tablet or smartphone too.

Award-winning small business started as a hobby12m ago | NETWORK

Durban - When Ayethaba Dlamini picked up his parents' camera while he was still in high school and started taking family photographs for neighbours, he had no idea his part-time hobby would turn into an award-winning small business. Dlamini, 30, founder of Kasi Brothers Events Production, scored a hat-trick when he won the SmartxChange MICTe SMME of the Year 2018 award. He won the eThekwini Municipality's Lion's Den Business Excellence Award and the Tsogo Sun Entrepreneurs Merit Award earlier this year.

World: GCM Adoption: An Approval for Change or Business as Usual?

Source: Inter Press Service Country: World By Chahreddine Berriah MARRAKECH, Morocco, Dec 12 2018 (IPS) - The Global Compact on Migration is now official. But what next? To get a better idea, IPS spoke to journalists and representatives of civil society attending the Global Compact for Safe, Orderly and Regular Migration (GCM) conference to find out their views on what it might achieve when to comes to "safe, orderly and regular migration." "I participated in many workshops during this event, and I found that really just Africans and to a lesser extent, Europeans, are interested in this pact," says Nadjoua Rahem, an Algerian journalist.

PICS: New building for booming business

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Regent Business School Unveils iLeadLAB

iLeadLAB bridges the gap between education and the demands of the 21st-century workplace Regent Business School, one of the leading providers of business and management education in South Africa and a member institution of Honoris United Universities, the first pan-African private higher education network, announces the opening of iLeadLAB - a new ‘Employability Unit'. RBS has unveiled its new initiative aimed at empowering young people with core skills and competencies to creatively bridge the gap between education and the demands of the 21 st century workplace. iLeadLAB, the Employability Unit at REGENT Business School, the brainchild of the institute's Managing Director, Dr Ahmed Shaikh is a direct response to the accelerated pace of technological transformation and labour market disruption.

Business sceptical of Maluti-A-Phofung recovery plan

The Maluti-A-Phofung business community is sceptical that the proposed recovery plan will turn the municipality's woes around. Ben Deysel, of the Harrismith Business Forum, says that the business community is concerned that the implementation of the recovery plan rests squarely on the administrator's shoulders, who he feels is partly responsible for letting the situation in the municipality get to where it is today. The municipality was placed under administration in February 2017 amid allegations of rampant corruption and financial constraints.

'Now that it is a white person I am arrested' - Mabulu on latest controversial painting

Controversial artist Ayanda Mabulu says if it had been former president Jacob Zuma depicted in his "the boers are to blame" painting, instead of businessman Markus Jooste, he would not have been arrested. He displayed the painting outside the Johannesburg Stock Exchange (JSE) on Wednesday. "I took my painting of Jacob Zuma raping Madiba and displayed it at Nelson Mandela Square under the Mandela statue in Sandton and I wasn't arrested, but now that it is a white person I am arrested," Mabulu told News24 at a briefing in Johannesburg on Thursday.

Controversial artist detained and warned by police #AyandaMabulu

SANDTON - The controversial artist Ayanda Mabulu was recently warned by police after he displayed his latest artwork outside the JSE. Reports have been going around that suggest the controversial artist Ayanda Mabulu was recently arrested for displaying his latest artwork. A news report by News24 stated that Mabulu was arrested and taken to Morningside Police Station for displaying his latest artwork.

Showmax shutting down streaming in Europe

Naspers is shutting down its Showmax video streaming service in Poland on 31 January 2019, the company told MyBroadband. "This decision follows the announcement of our intent to list our pan-Africa video entertainment business as MultiChoice Group on the Johannesburg Stock Exchange," it said. Naspers said it also intends to simultaneously unbundle its shares in the business to its shareholders.

Coke can maker Ball Corp to sell China manufacturing facilities

(Adds company comment, details on transaction, background) Dec 13 (Reuters) - Soda can maker Ball Corp said on Thursday it plans to sell its manufacturing facilities in China for about $225 million following an excess supply of beverage cans in the country. The company — which makes cans for Coca-Cola Co, Anheuser Busch Inbev NV and Molson Coors Brewing Co — plans to sell the can-making facilities to Chinese metal packaging company ORG Technology Co Ltd. "Excess industry capacity in China has led to unsustainable business conditions and inadequate returns on capital deployed relative to Ball's expectations," company spokeswoman Renee Robinson told Reuters.

ASPEN PHARMACARE HOLDINGS LIMITED - Aspen Pre-Close Statement

Wrap Text Aspen Pre-Close Statement ASPEN PHARMACARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) ("Aspen Holdings") Registration number: 1985/0002935/06 Share code: APN ISIN: ZAE000066692 and its subsidiaries (collectively "Aspen" or "the Group") ASPEN PRE-CLOSE STATEMENT The purpose of this announcement is to provide Aspen shareholders with an operational and trading update for the period 1 July 2018 to 30 November 2018 before the Group enters a closed period from 1 January 2019 until 8 March 2019. Aspen's interim financial results are scheduled for publication on 7 March 2019. Introduction Over the past five years Aspen has successfully transitioned from a generics-focused pharmaceutical business operating in a few select countries into a global multi-national corporation with strong equity in Regional Brands as well as leading positions in specialised therapies such as Thrombosis and Anaesthetics.

RESILIENT REIT LIMITED - General overview and update following engagement with stakeholders

Wrap Text General overview and update following engagement with stakeholders RESILIENT REIT LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/016851/06) JSE share code: RES ISIN: ZAE000209557 Bond company code: BIRPIF (Approved as a REIT by the JSE) ("Resilient" or "the Company") GENERAL OVERVIEW AND UPDATE FOLLOWING ENGAGEMENT WITH STAKEHOLDERS INTRODUCTION This announcement summarises key events for Resilient over the last year, clarifies matters that remain open and those considered resolved, and is an update on the outcome of engagement by an independent board sub- committee (the "committee") with a range of stakeholders. BACKGROUND AND KEY EVENTS THROUGH 2018 In January, a rumour and social media campaign was coupled with a sharp sell-off and unusual share trading patterns causing Resilient's share price to decline from its December 2017 highs. In response, Resilient provided a voluntary trading update and distribution guidance, brought forward the presentation of its interim results, and met with the Financial Services Board (now the Financial Sector Conduct Authority) ("FSCA") regarding its concerns that the campaign was impacting on its share price.

PIONEER FOOD GROUP LIMITED - Appointment Of Director

Wrap Text Appointment Of Director PIONEER FOOD GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/017676/06) Share code: PFG ISIN: ZAE000118279 ("Pioneer Foods" or "the Company") APPOINTMENT OF DIRECTOR In accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Mr. Christoffel Gerhardus Botha has been appointed as an independent non-executive director to the board of Pioneer Food Group Limited with effect from 12 December 2018.

LIGHTHOUSE CAPITAL LIMITED - Cash payment in respect of fractional entitlement

Wrap Text Cash payment in respect of fractional entitlement LIGHTHOUSE CAPITAL LIMITED (FORMERLY Greenbay Properties Ltd) (Incorporated in the Republic of Mauritius on 14 August 2014) (Registration number C124756 C1/GBL) SEM share code: GFP.N0000 JSE share code: LTE ISIN: MU0461N00015 ("Lighthouse" or "the company") CASH PAYMENT IN RESPECT OF FRACTIONAL ENTITLEMENT Shareholders are referred to the announcements released on the Stock Exchange News Service ("SENS") of the JSE Limited ("JSE") and on the website of the Stock Exchange of Mauritius Ltd ("SEM") with regard to the change of name and consolidation of share capital on a 1 for 20 basis (the "consolidation"), the last of which announcements was released on 27 November 2018. In implementing the consolidation, the company is required by the JSE to apply the rounding principle, in that a shareholder becoming entitled to a fraction of a share arising from the consolidation ("fractional entitlement") will be rounded down to the nearest whole number, resulting in the allocation of whole Lighthouse shares and a cash payment for the fraction ("cash payment").

SIBANYE GOLD LIMITED - Dealing in securities by an Executive director of the company

Wrap Text Dealing in securities by an Executive director of the company 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") Dealing in securities by an Executive director of the company Johannesburg, 13 December 2018. In compliance with paragraphs 3.63 to 3.

MR PRICE GROUP LIMITED - Dealings in securities by a director

Wrap Text Dealings in securities by a director Mr Price Group Limited (Registration number 1933/004418/06) Incorporated in the Republic of South Africa ISIN: ZAE000200457 JSE share code: MRP ("Mr Price") DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director: Stuart Bird Company: Mr Price Date of transaction: 13 December 2018 Nature of transaction: On-market disposal of securities by a director Number of securities: 50,000 Class of securities: Ordinary shares Volume weighted average selling price: R241.6699 per ordinary share Total value of transaction: R12,083,495.00 Highest price: R242.

SANTAM LIMITED - BISAN - Notification of an Update to the ZAR 4 000 000 000 Unsecured Subordinated Callable Note Programme

BISAN - Notification of an Update to the ZAR 4 000 000 000 Unsecured Subordinated Callable Note Programme SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN ("Santam" or "the Issuer") NOTIFICATION OF AN UPDATE TO THE ZAR 4 000 000 000 UNSECURED SUBORDINATED CALLABLE NOTE PROGRAMME Santam has received approval from the JSE Limited regarding its amended and restated ZAR 4 000 000 000 Unsecured Subordinated Callable Note Programme ("the Programme"). A summary of the changes effected is provided below: • Amendments to the terms and conditions to cater for amendments to the JSE Debt Listings Requirements (the "Requirements"), which includes but is not limited to, amendments to cater for the Part 1A of 2018 amendments to the Requirements and for paragraphs 7.26 and 7.

Smart mining through 3D tech

Rocketmine, a subsidiary of the Delta Drone Group, has signed a new contract with mining giant Exxaro, which includes 3D modelling of the mine and its infrastructure. The Exarro Resources Group has launched its R3,3-billion smart mine in Belfast, Mpumalanga, to create a digital replica of the mine to enable new opportunities for remote management and improved safety. Rocketmine will provide drone mapping, 3D modelling progress and virtual reality visualisation for this initiative.

High Court sets out process to action against silicosis, TB settlement agreement

The Johannesburg High Court on Thursday issued a court order setting out the processes in terms of which members of the settling classes and any interested parties should be invited to show cause why the silicosis and tuberculosis class action settlement agreement should not be made an order of court. This follows the signing of a settlement agreement on May 3 by 48 representatives of the settling classes, who are represented by various law firms, and the companies that are members of the Occupational Lung Disease Working Group, including African Rainbow Minerals, Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye-Stillwater. The second part of the court process is a further hearing during which the court will consider arguments by the parties to the settlement, as well as arguments by other interested parties, who are granted leave by the court to participate.

WATCH: What came out of four inquiries Cyril Ramaphosa set up in 2018?

Themba Godi, chair of Scopa, joined to take a look at the four commissions of inquiry established by Ramaphosa Within nine months of his presidency, Cyril Ramaphosa has set up a total of four commissions of inquiry all related to the abuse and "capture" of state resources in SA: the state capture inquiry, the SA Revenue Service commission, the PIC commission and the NPA commission. Others, such as the inquiry on Steinhoff, have been simultaneously on the go. Themba Godi, chair of parliament's standing committee on public accounts, has been among those hearing testimony.

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole

State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the power stations in line with the schedule outlined in the Integrated Resource Plan, which also assumes that the new Medupi and Kusile power stations will continue to be operational in 2050.

Global recognition for SPAR's plastic initiative

SPAR Eastern Cape managing director Conrad Isaac (second from the right) receives the award for consumer engagement in plastic reduction at the SPAR International Conference in Amsterdam, the Netherlands. With him are (from the left) SPAR International managing director Tobias Wasmuht, SPAR Group sustainability executive Kevin O'Brien and SPAR International marketing and strategic projects head Niels Dekkers. Photo: Supplied SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month.

Global recognition for SPAR's plastic initiative - MyPR.co.za

: Global recognition for SPAR's plastic initiative: SPAR Eastern Cape managing director Conrad Isaac (second from the right) receives the award for consumer engagement in plastic reduction at the SPAR International Conference in Amsterdam, the Netherlands. With him are (from the left) SPAR International managing director Tobias Wasmuht, SPAR Group sustainability executive Kevin O'Brien and SPAR […] - MyPE News Eskom Gets Coal in Stocking : South Africans will breathe a sigh of relief at the news that the probability of load shedding remains low for the rest of the year. "The probability of load shedding remains low from today until Sunday 13 January 2019.

Carlsberg, United Breweries plead leniency in India beer cartel probe-sources

* Indian watchdog's probe started after AB InBev reported issue * Carlsberg, United Breweries ask regulator for leniency -sources * Leniency filings aimed at reducing fines -antitrust lawyer * Brewers already face regulatory challenges in India By Aditya Kalra and Aditi Shah NEW DELHI, Dec 13 (Reuters) - Denmark's Carlsberg and India's United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices, five sources familiar with the matter told Reuters. The Competition Commission of India (CCI) has been investigating the two companies, as well as the world's largest brewer Anheuser-Busch InBev (AB InBev). Last year, as previously reported by Reuters, AB InBev told the regulator it had discovered an industry cartel that discussed and agreed on beer prices before submitting them to Indian states, which regulate pricing.

SPAR's plastic campaign gets recognised

SPAR's plastic campaign gets recognised Date: 13/12/2018 | Posted in Eastern Cape | News SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month. Caption: SPAR Eastern Cape managing director Conrad Isaac (second from the right) receives the award for consumer engagement in plastic reduction at the SPAR International Conference in Amsterdam, the Netherlands. With him are (from the left) SPAR International managing director Tobias Wasmuht, SPAR Group sustainability executive Kevin O'Brien and SPAR International marketing and strategic projects head Niels Dekkers.

SPAR's plastic campaign gets recognised

SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month. Caption: SPAR Eastern Cape managing director Conrad Isaac (second from the right) receives the award for consumer engagement in plastic reduction at the SPAR International Conference in Amsterdam, the Netherlands. With him are (from the left) SPAR International managing director Tobias Wasmuht, SPAR Group sustainability executive Kevin O'Brien and SPAR International marketing and strategic projects head Niels Dekkers.

IEC cannot deregister BLF from running for 2019 elections

The Independent Electoral Commission (IEC) says it cannot deregister the Black First Land First (BLF) party from running for the 2019 elections. The IEC was clarifying its powers following public calls that the party be scrapped from the ballot for contravening the Electoral Code of Conduct. This is after its leader Andile Mngxitama ‘s comments relating to the killing of white people in Potchefstrom, North West, last weekend.

SA: Court Order Grated Approving Processes For The Appllication To Approve Terms If Settlement Of Silicosis And Tuberculosis

In the first step in the court application aimed at making the silicosis and TB class action settlement agreement an order of court, the Johannesburg High Court today issued a court order setting out the processes in terms of which members of the settling classes and any interested parties should be invited to show cause why the settlement should not be made an order of court.   This follows the signing of the settlement agreement by the parties to this statement on 3 May 2018.   The second part of the court process is a further hearing during which the court will consider arguments by the parties to the settlement as well as arguments by other interested parties who are granted leave by the court to participate.

Purchase your POWER Christmas Box here

Form here It's the giving season, and POWER 98.7 is partnering with Tiger Brands to create Christmas Boxes that you can order and give away.  Christmas season is a time to come together with family and friends, to put the years' work to rest and to celebrate our achievements over delicious, home-cooked meals.

Ayanda Mabulu warned not to return to JSE with artwork

Artwork was was allegedly meant to be exhibited at Constitutional Hill but was rejected due to it 'being too controversial' Ayanda Mabulu warned not to return to scene exhibiting 'blame it on the boers' artwork 13 December 2018 Gauteng police say controversial artist Ayanda Mabulu was not arrested but was merely removed from outside the Johannesburg Stock Exchange, following a display of his artwork stating, "blame it on the boers" on Wednesday. "He was not arrested. He was removed from where he was exhibiting his work.

All The King's Men

South African horseracing canters towards the sunset of 2018 in a seemingly happier place than it was in December 2017. History shows that Joostegate impaled our industry with a rusty knife through the heart a year ago. Markus Jooste - his sudden exit was a wake-up call But headed into 2019, we have a host of promising new jockeys in the proverbial driving seats, and what must be a last chance to resurrect the remnants of what's left.

Zimbabwe Mining Minister Invites De Beers, Vast Resources to Return

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.

Global recognition for SPAR's plastic initiative - MyPR.co.za

Global recognition for SPAR's plastic initiative : SPAR Eastern Cape managing director Conrad Isaac (second from the right) receives the award for consumer engagement in plastic reduction at the SPAR International Conference in Amsterdam, the Netherlands. With him are (from the left) SPAR International managing director Tobias Wasmuht, SPAR Group sustainability executive Kevin O'Brien and SPAR International marketing and strategic projects head Niels Dekkers. Photo: Supplied SPAR Eastern Cape achieved global recognition for their commitment to reducing plastic pollution when they received an award at the SPAR International Conference last month.

Zimbabwe mining minister invites De Beers, Vast Resources to return

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe , which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesperson for De Beers , an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.

INSIGHT-Vitol, rival oil traders in spotlight of Brazil bribery probe

(Repeats for additional clients with no changes to text) * Prosecutors say their focus turning to foreign oil companies * Employees at state oil firm took bribes for contracts - judge * Networks of middlemen circled top executives - documents * Vitol's agent, Trafigura employees part of schemes - judge * Key figures on oil traders: https://tmsnrt.rs/2zWgcLA By Brad Brooks and Julia Payne SAO PAULO/LONDON, Dec 13 (Reuters) - Brazil's epic "Car Wash" corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. But graft allegations lodged by prosecutors last week against four of the world's largest oil trading companies - Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group - have opened an explosive new phase in the long-running probe.

Zimbabwe mining minister invites De Beers, Vast Resources to return

HARARE/LONDON - De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.

Shoprite sets up shop in Nairobi

Up for grabs is a market with a formal retail penetration of 33%, meaning about a third of shopping is done in shops rather than markets Nairobi — Shoprite is seeking a foothold in Kenya's retail industry, where the collapse of two local supermarket chains has created opportunities for Africa's biggest grocer and its international rivals. The company opens its first store in Nairobi on Thursday, at a site previously occupied by struggling Nakumatt, which has shuttered all but six stores in East Africa's biggest economy. French retailer Carrefour, Walmart-controlled Massmart and Choppies Enterprises of Botswana are also seeking to fill space left by the debt-ridden company and state-backed Uchumi Supermarkets, which is facing a winding-up petition.

Cape Town Air Access welcomes V&A Waterfront as private sector supporter

The V&A Waterfront has joined Cape Town Air Access - a partnership between the City of Cape Town, Western Cape Government, Wesgro, Cape Town Tourism, South African Tourism and Airports Company South Africa - as a private sector supporter. The Waterfront joins Naspers, Investec, Leeu Collection, Oceana Group and Tsogo Sun as private sector partners on this collaborative project. V&A Waterfront joins Cape Town Air Access partnership.

ExxonMobil to expand gas supply to Australian market

that it has made its final investment decision to develop the West Barracouta gas field project in Bass Strait The project will enhance ExxonMobil's Australian gas offering, and forms part of the firm's overarching investment plans in the Gippsland Basin. "Our objective is to produce West Barracouta gas for the Australian domestic gas market by 2021," said Richard Owen, Chairman of ExxonMobil Australia, in the company's press release. "We continue to use advanced technology, along with our extensive, decades-long understanding of the Gippsland Basin, to ensure full potential of the resource can be realised.

Shoprite opens first Nairobi store as local chains shut; taking on Carrefour

JOHANNESBURG — Shoprite is Africa's biggest retailer, but surprisingly it hasn't had a presence in Kenya - a country where the grocery market is fast heating up after years of good economic growth. The retail market there is so hot that landlords up the rental prices when big retailers want to move in. Nevertheless, Shoprite has finally found an opening in Nairobi, but it will have to be at the top of its game as it's set to compete against the likes of France's Carrefour.

Back to the Bantustans

on the long march through the state of neo-patrimonial traditionalists Welcome to the (Peoples') Republic of Bantustan I. Introduction However unpalatable it may be, conquest is an enduring feature of being human. Groups conquer one another; there are victors and victims.

'I struggle to see the artistic or the aesthetic brilliance in Mabulu's work'

Controversial artist Ayanda Mabulu was removed by the police outside the JSE on Wednesday after his protest artwork Blame it on the Boer was displayed on the street. The painting shows former Steinhoff CEO Markus Jooste receiving oral sex from a black woman. READ: A caller on The Eusebius McKaiser Show, Zaine says he thinks Mabulu's art is thought-provoking and controversial, however, he doesn't like the way Mabulu depicts women.

Zimbabwe mining minister invites De Beers, Vast Resources to return

* De Beers says not planning to return * Minister says ownership details yet to be ‘thrashed out' By MacDonald Dzirutwe and Barbara Lewis HARARE/LONDON, Dec 12 (Reuters) - De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.

'I struggle to see the artistic or the aesthetic brilliance in Mabulu's work'

Controversial artist Ayanda Mabulu was removed by the police outside the JSE on Wednesday after his protest artwork Blame it on the Boer was displayed on the street. The painting shows former Steinhoff CEO Markus Jooste receiving oral sex from a black woman. READ: A caller on The Eusebius McKaiser Show, Zaine says he thinks Mabulu's art is thought-provoking and controversial, however, he doesn't like the way Mabulu depicts women.

FACT CHECKED: Load shedding - not enough coal or all part of a loan deal?

Eskom has attributed load shedding in recent weeks to planned and unplanned plant maintenance. Most recently, the power utility announced that there was a low probability for load shedding over the festive period , when economic activity would slow down.  Eskom, however, warned that the system still remained vulnerable and there was still a risk of power outages, which could be attributed to technical faults on the distribution network.

Sibanye-Stillwater extends wage agreement to striking gold workers

Miners work deep underground at Sibanye Gold's Masimthembe shaft in Westonaria JOHANNESBURG (Reuters) - Sibanye-Stillwater said on Thursday it had extended a wage agreement to cover all of its South African gold workforce, potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November. The firm's shares rose 6 percent after the diversified miner said the strike, called by the Association of Mineworkers and Construction Union (AMCU), was no longer legal and all employees should report for work on Saturday Dec. 15.

South Africa's Group Five attracts interest in parts of business

JOHANNESBURG (Reuters) - Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales. The company, whose shares have lost nearly all their value this year, has been cutting jobs and closing loss-making divisions amid stagnant economic growth and low public infrastructure spending.

Ford donates vehicle to SARAC

SARAC is one of many organisations who benefited from Ford which donated R12-million worth of vehicles to charities. SOWETO Animal Rescue and Advisory Centre (SARAC) received a brand new Ford Ranger donated by Bidvest McCarthy Ford The Glen on December 10. Jerry Selwane couldn't believe it when a bakkie loaded with food and blankets collected by staff was presented to him by Clair van der Merwe (new-vehicle sales manager), who said they were happy to help Jerry and they will continue to collect goodies for the animals on a monthly basis.

Asian markets build on trade optimism, pound faces pressure

Asian markets enjoyed more gains on Thursday as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to weigh on the pound. While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more optimism on trading floors this week that the world's top two economies can make headway in talks over the next three months. The latest buying queues came from a report that Beijing is considering replacing its "Made in China 2025" programme that aims to boost its technology sector, a key point in anger for Washington.

Is Investing In Emerging Markets Worth It?

iAfrica, a division of Africa.com Media Group is a multi-platform media company curating, aggregating, and producing news and information. Online for more than 15 years, its mission is to serve as a comprehensive source for better understanding and unity to help make South Africa truly one nation today, tomorrow and for decades to follow.

Third consecutive day of gains for global markets

The Nikkei and other Asian stocks had pushed roughly 1% higher and Europe also made a steady start ahead of several central bank meetings London — Santa delivered his traditional end of year rally on Thursday as world stocks made a third day of gains and the pound and the euro both stayed strong after the latest bout of Brexit drama. UK Prime Minister Theresa May's survival in a late night no-confidence vote has not changed the markets' views on Brexit but along with signs of a tentative truce in the US-China trade war and progress in Italy it was enough to keep them jolly. The Nikkei and other Asian stocks had pushed roughly 1% higher and Europe also made a steady start ahead of several central bank meetings including a landmark one for the ECB, which was set to end its quantitative easing programme.

SIBANYE GOLD LIMITED - Sibanye-Stillwater extends the gold wage agreement to all employees

Wrap Text Sibanye-Stillwater extends the gold wage agreement to all employees 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 extends the gold wage agreement to all employees in terms of Section 23(1)(d) of the Labour Relations Act Johannesburg, 13 December 2018. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) advises that it has extended the wage agreement which was reached with the National Union of Mineworkers ("NUM"), UASA and Solidarity on 14 November 2018, to all employees at its South African gold operations, in terms of Section 23(1)(d) of the Labour Relations Act, No 66 of 1995 ("S23(1)(d)"). During the course of the strike, which was called by the Association of Mineworkers and Construction Union ("AMCU") on 21 November 2018, the collective membership of the NUM, UASA and Solidarity has increased to over 50% of the employees at the South African gold operations.

BARLOWORLD LIMITED - Dealings in securities

Wrap Text Dealings in securities Barloworld Limited (Incorporated in the Republic of South Africa) (Registration number 1918/000095/06) (Income Tax Registration number 9000/051/71/5) (Share code: BAW) (JSE ISIN: ZAE000026639) (Share code: BAWP) (JSE ISIN: ZAE000026647) (Namibian Stock Exchange share code: BWL) ("Barloworld") DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed: Director: Dumisa Ntsebeza Company: Barloworld Limited Class of security: Ordinary shares Nature of transaction: On market purchase of ordinary shares Date of transaction: 23 November 2018 Transaction: Number of ordinary Price per ordinary shares: share: 805 R110.

Security giant G4S to separate cash business, shares jump

(Adds detail) EDINBURGH, Dec 13 (Reuters) - G4S plans to separate its 1.2 billion pound ($1.5 billion) a year cash business, it said on Thursday, sending shares in the world's biggest security company 8 percent higher.

Lufthansa extends business lounge at Frankfurt Airport

Lufthansa has opened its expanded Panorama Lounge at Frankfurt Airport. This follows an increase in passenger numbers using the already two existing business lounges in the area. Now, with the additional 1,100 square metres, seat capacity has increased by 40%.

South Africa's Group Five attracts interest in parts of business

JOHANNESBURG (Reuters) - Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales. The company, whose shares have lost nearly all their value this year, has been cutting jobs and closing loss-making divisions amid stagnant economic growth and low public infrastructure spending.

Keep your business safe this festive season

According to Malesela Maupa, from FNB Insurance Brokers, statistics show that criminal activities and burglaries increase over the festive season, especially in unoccupied offices and buildings. Here are some key safety tips for business owners: Keep valuables safe. Valuable items such as computers, laptops and stock should be locked away in a secure room or safe.

Keep your business safe this festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. According to Malesela Maupa, from FNB Insurance Brokers, statistics show that criminal activities and burglaries increase over the festive season, especially in unoccupied offices and buildings. Here are some key safety tips for business owners: Keep valuables safe.

Keep your business safe this festive season

According to Malesela Maupa, from FNB Insurance Brokers, statistics show that criminal activities and burglaries increase over the festive season, especially in unoccupied offices and buildings. Here are some key safety tips for business owners: Keep valuables safe. Valuable items such as computers, laptops and stock should be locked away in a secure room or safe.

Business News - 12 Dec 2018

CPI ticks up slightly in Nov, Retail sales up 2.2% in Oct and Amplats completes exit from BRPM.

Stock Watch Picks - 11 Dec 2018

Bright Khumalo from Vestact chose Shoprite (SHP) / R181.30 (-0.93%) as his stock pick of the day and Chantal Marx from FNB Wealth & Investments chose Compagnie Fin Richemont (CFR) / R93.

Failed IT upgrade drags Alexander Forbes into a loss

Financial services company, Alexander Forbes has slipped into an interim loss largely driven by an impairment of a software development project and a contract termination cost. Headline earnings per share has fallen by 23% while profit from continuing operations plunged by 115% while operating income increased by 6%. This is the first set of numbers under the leadership of its new Group Chief Executive, Dawie de Villiers who joins us now for perspective on the numbers and how it informs the group's review of it's market positioning and business model.

Stock Watch Picks - 12 Dec 2018

David Shapiro from Sasfin Securities chose JSE All Share Index (J203:JOI) / 51598.10 points (+0.80%) as his stock pick of the day and Wayne McCurrie from Wealth and Investments at First National Bank chose Sasol Limited (SOL) / R424.

Focus on SA's economic, political & social landscape

Well with South Africa's fast shifting political, economic and social landscape - where is the country headed in the new year? Executive Head of Anglo American SA, Andile Sangqu who has been involved in scenario planning for South Africa to 2030 joins us now to share his perspective....

Stillwater extends wage agreement to striking gold workers

Miners work deep underground at Sibanye Gold's Masimthembe shaft in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings JOHANNESBURG (Reuters) - Sibanye-Stillwater said on Thursday it had extended a wage agreement to cover all of its South African gold workforce, and urged striking workers who make up 43 percent of its employees to return to work. The firm's shares rose 5 percent after the diversified miner said the strike called by the Association of Mineworkers and Construction Union (AMCU) in November was no longer protected and all employees should report for work on Saturday Dec.

Primary Colours reveals new full-colour LED video screen

Digital display services company Primary Colours has unveiled South Africa's first smart lighting architectural LED video screen. The LED screen was installed on the Rosebank Link building. It was built in collaboration with Paragon Architects and Redefine Properties and it has HD 720 resolution and the ability to display 16 million colours, the complete screen measures 18m wide and 7m high (1,728 pixels wide x 745 pixels high).

EDITOR'S LUNCHBOX: Renewable energy is nothing more than over-priced flimflam

Survé vs Wierzycka: pick a headline, any headline Stories of Note Bytes from the digital world Former president Jacob Zuma may have to pay back between R15m and R32m in legal costs to the state. Six years after claiming "ghost bidding" was standard practice in the auction industry, former Auction Alliance head Rael Levitt is launching a property fund. In My Opinion Matters of debate Andrew Kenny is no fan of the greens, who he accuses of capturing the department of energy.

Enterprise products returns to shelves after factory reopening

Tiger Brands confirmed that ready-to-eat chilled processed meats, such as polony and viennas, has returned to shelves following the recent opening of its Enterprise Foods factory in Polokwane. POLOKWANE - The Capricorn Municipality's Environmental Health Department provided the company with an official Certificate of Acceptability for the Polokwane factory on 6 December after rigorous assessments were completed, giving the company licence to resume production. This certificate endorses the factory's standards and operating procedures for the safe production of food products.

Why have a pilot or financial advisor?

Drawing parallels from the US Airways Flight 1549 event, and investing amid turbulent markets. Would you board and fly in an Airbus 380, one of the world's most advanced passenger planes, without a pilot? After all in today's technological age pilotless technology is already incorporated into the plane's advanced avionics, commonly called the autopilot. Modern jetliners can literally take off, fly and land themselves without any human intervention just like drones or driverless cars.

Amplats expects 20 pct jump in full-year earnings

FILE PHOTO - A pit head is seen at the Tumela Mine in Thabazimbi JOHANNESBURG (Reuters) - Anglo American Platinum on Thursday said it expects a 20 percent increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance. Last year the world's largest platinum producer reported headline earnings of 3.9 billion rand ($277 million), or headline earnings per share of 1,482 cents.

Artist Ayanda Mabulu arrested for displaying latest artwork at JSE

Controversial artist Ayanda Mabulu was arrested for his latest painting called "blame it on the boers". Mabulu was arrested outside the Johannesburg Stock Exchange (JSE) on Wednesday, where he displayed his latest artwork. The artwork shows a black woman performing oral sex on Steinhoff CEO Markus Jooste.

WATCH: Where is SA headed?

Anglo American SA executive head Andile Sangqu, who has been involved in scenario planning for SA to 2030, talks to Business Day TV.

South Africa's Group Five attracts interest in parts of business

JOHANNESBURG (Reuters) - Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales. The company, whose shares have lost nearly all their value this year, has been cutting jobs and closing loss-making divisions amid stagnant economic growth and low public infrastructure spending.

Group Five attracts interest in parts of business

The loss-making construction firm is considering selling some assets. Loss-making South African construction firm Group Five has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales.

Let Wierzycka deal with authorities - Dr Iqbal Surve

Chairman of Sekunjalo explains the extortion charges laid against the Sygnia CEO. CEO of listed asset manager Magda Wierzycka explained on Wednesday to the Classic Business Breakfast team that the charges laid against her by AEEI and its CEO Khalid Abdulla are laughable and merely a PR stunt to distract attention away from the troubles at AYO Technologies, one of the group's companies. Listen to that interview here.

From Kilimanjaro to Cairo, this South African is redefining Cerebral Palsy!

"Walk In My Shoes" is a brave initiative by Masingita Masungu. Afflicted with cerebral palsy, this incredible South African is determined to achieve ‘impossible' things! Despite living with Cerebral Palsy - a disorder that impairs movement and affects muscle tone or posture - this South African managed to summit the highest mountain in Africa earlier this year and is now taking on a trip to Cairo! "I summited Kilimanjaro in June, and that was saying to this African child… no mountain is too high for you!" Masingita Masunga was born in Giyani Limpopo and although born with cerebral palsy, this incredible South African never took no for an answer. Against all odds, she passed matric (after failing twice because her handwriting was so poor), got her driver's licence after eight years of trying, started her own TV show and, in June 2018, summited Mount Kilimanjaro, Africa's highest peak.

Amplats to report sharply higher annual profit

Anglo American Platinum says this is a result of improved metal prices and operational performances at its mines Shares in Anglo American Platinum (Amplats) reached their highest levels in five years after the world's largest platinum miner advised the market to expect sharply higher annual profit due to improved metal prices and operational performances at its mines. Amplats, which will produce between 2.45-million ounces and 2.

Let Magda deal with the authorities: Dr Iqbal Surve on extortion charges against Sygnia

Dr Iqbal Surve, chairman of Sekunjalo Investments, says that CEO of Sygnia, Magda Wierzycka lied and has never sued him personally. Wierzycka previously said that she is suing Surve. Yesterday (Thursday 12 December) Classic Business Breakfast with Moneyweb spoke to Magda Wierzycka, CEO of Sygnia, after charges of extortion were laid against her by AEEI and its CEO, Khalid Abdulla for allegedly wanting to buy back shares owned by the group at a substantially lower price.

'He's giving people chest pains' - Twitter responds to Ayanda Mabulu's latest project

Almost every time Ayanda Mabulu unveils his art pieces they trigger strong reactions, and things were no different with his latest project. This time, the venue for Mabulu's reveal was the heart of capitalism, the JSE. Staff at the building were greeted by a massive painting depicting Steinhoff CEO Markus Jooste in a sexual act with a black woman, and the late AWB leader Eugène Terre'Blanche sitting on a toilet.

Shoprite opens first store in Kenya to battle French retailer

Shoprite is seeking a foothold in Kenya's retail industry, where the collapse of two local supermarket chains has created opportunities for Africa's biggest grocer and its international rivals.  The Cape Town-based firm opens its first store in Nairobi recently, at a site previously occupied by struggling Nakumatt, which has shuttered all but six stores in East Africa's biggest economy. French retailer Carrefour SA, Wal-Mart-controlled Massmart and Choppies of Botswana are also seeking to fill space left by the debt-ridden company and state-backed Uchumi Supermarkets, which is facing a winding-up petition.

Power Ore buys former Falconbridge copper complex

The Opemiska copper complex - a former Falconbridge asset - has a new owner, which intends to fast-track the two past-producing copper mines near Chapais, Quebec, as it moves to get access to metals that stand to benefit from a move to battery-powered vehicles. TSX-V-listed Power Ore announced on Wednesday that it would buy the Opemiska complex, which operated from 1953 to 1991, producing a total of 23-million tonnes at 2.4% copper and 0.

Australian rail workers plan strikes that could hit key coal haulage tracks

SYDNEY - Coal railway workers at Australian hauler Aurizon Holdings are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region. Miners including BHP Billiton, Glencore, Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port. Protracted negotiations over pay rises and rostering had broken down, the Rail, Tram and Bus Union, which represents train crews and maintenance workers at Aurizon, said in a statement on Thursday.

JSE tracks positive global markets, as investors digest May's survival

UK leader Theresa May fended off a vote of no-confidence on Wednesday, but the slim nature of her victory continues to generate uncertainty The JSE pushed higher on Thursday in broad-based gains, in line with buoyant global markets, as investors gauged the likelihood the UK will leave the EU without a deal. Sentiment is mixed on this, but Asian markets were higher, bolstered this week by signs of progress in the US-China trade war. At 10am the all share was up 1.

Capitec shakes off negative publicity

Capitec Bank's share price has gained more than 22 percent in the past six months, shrugging off the impact of Viceroy Research's report on the bank. File Photo: IOL DURBAN - Capitec Bank's share price has gained more than 22 percent in the past six months, shrugging off the impact of Viceroy Research's report on the bank. By Tuesday morning, the share price had risen to R1 084.

Project Halo puts forward winning R3.05bn bid for Tegeta assets

Optimum supplies coal to Eskom Holdings. File Photo: IOL JOHANNESBURG - A South African consortium called Project Halo has submitted the winning bid of R3.05 billion for three major assets of Tegeta Exploration & Resources, the Gupta family-linked mining company under administration since February.

Group Five's share price doubles on hopes of acquisition

A number of parties have expressed interest in buying parts of the JSE's worst performer in 2018 Group Five's share price doubled to 48c on Thursday morning from Wednesday's closing price of 24c after it announced it had attracted interest from numerous suitors. "Shareholders are advised that Group Five has received expressions of interest from a number of parties for various parts of the group's business," Thursday morning's statement said. On Wednesday, the construction group announced it had appointed Anthony Clacher as CFO, replacing Cristina Teixeira whose resignation was announced in its 2018 financial results released in October.

Nigeria's National Microfinance Bank - pros & cons

Nigeria's National Microfinance Bank is set to begin operations in January 2019 and it will leverage on the presence of the Nigerian Postal Service's presence in 774 local governments across the country. Ayo Olojede, Head Emerging Business at Diamond Bank joins to discuss the pros and con of a National Microfinance bank in Nigeria. The post appeared first on CNBC Africa .

WATCH: Stock picks — Sasol and JSE all share index

Wayne McCurrie from FNB Wealth and Investments chose Sasol as his stock pick of the day and David Shapiro from Sasfin Securities chose JSE all share index. McCurrie chose Sasol because of three factors. "The Lake Charles chemical project looks good, it's coming on stream and cash flow is doing massively positively for the company as a whole next year.

Amplats expects 20% jump in full-year earnings

Helped by an increase in the rand basket price and improved operational performance. Anglo American Platinum on Thursday said it expects a 20% increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance. Last year the world's largest platinum producer reported headline earnings of R3.

Best and worst performing tech stocks of 2018 revealed

South Africa's IT and telecoms stocks had a difficult year on the Johannesburg Stock Exchange (JSE), with the vast majority of stocks losing value over the year. The worst performing stock of 2018, according to ITWeb's calculations and Bloomberg data, was JSE newcomer 4Sight Holdings. The company saw its stock fall by 81.

EMERGING MARKETS-Stocks hit one-week high; lira dips before central bank meets

* Chinese shares rise on trade, stimulus hopes * Turkish central bank expected to keep rates unchanged * Russia's rouble gains as oil prices steady By Agamoni Ghosh and Sruthi Shankar Dec 13 (Reuters) - Expectations that China would step up support for its economy helped emerging-market stocks to reach a one-week high on Thursday. A weaker dollar boosted a number of developing-world currencies. MSCI's index for emerging-market stocks rose for a third straight day, led by Chinese stocks , which were also buoyed by signs the trade war between Beijing and Washington was subsiding.

JSE tracks positive global markets, as investors digest May's survival

UK leader Theresa May fended off a vote of no-confidence on Wednesday, but the slim nature of her victory continues to generate uncertainty The JSE pushed higher on Thursday in broad-based gains, in line with buoyant global markets, as investors gauged the likelihood the UK will leave the EU without a deal. Sentiment is mixed on this, but Asian markets were higher, bolstered this week by signs of progress in the US-China trade war. At 10am the all share was up 1.

Zimbabwe asks Tiger Brands and millers to grow wheat

Zimbabwe is asking grain millers in the country - which include the National Foods unit of South Africa's Tiger Brands - to venture into wheat farming as a way of limiting demand for forex which the country is battling to make available to pay for crucial imports. Photo: Reuters HARARE - Zimbabwe is asking grain millers in the country - which include the National Foods unit of South Africa's Tiger Brands - to venture into wheat farming as a way of limiting demand for forex which the country is battling to make available to pay for crucial imports. Poor performance by the country's export sector, suppressed foreign direct investment inflows and general investor apprehension have seen Zimbabwe struggle for foreign currency.

Great gifts for the intrepid business traveller

If you have a loved one who's a regular business traveller, Dawn Weir, head of kulula work has some ideas for clever gifts. So clever, we plan on buying a few of these for ourselves. Cable organiser: rather than stuffing your laptop's power-cables, chargers for your devices, and headphones, you can arrange them in neat, protective bags available in a range of sizes and designs.

Keep your business safe this festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. According to Malesela Maupa, from FNB Insurance Brokers, statistics show that criminal activities and burglaries increase over the festive season, especially in unoccupied offices and buildings. Here are some key safety tips for business owners: Keep valuables safe.

Keep your business safe this festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. 50 mins ago According to Malesela Maupa, from FNB Insurance Brokers, statistics show that criminal activities and burglaries increase over the festive season, especially in unoccupied offices and buildings. Here are some key safety tips for business owners: Keep valuables safe.

Keep your business safe this festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. According to Malesela Maupa, from FNB Insurance Brokers, statistics show that criminal activities and burglaries increase over the festive season, especially in unoccupied offices and buildings. Here are some key safety tips for business owners: Keep valuables safe.

Keep your business safe this festive season

According to Malesela Maupa, from FNB Insurance Brokers, statistics show that criminal activities and burglaries increase over the festive season, especially in unoccupied offices and buildings. Here are some key safety tips for business owners: Keep valuables safe. Valuable items such as computers, laptops and stock should be locked away in a secure room or safe.

Makhanda News: Ghana: Newspaper Business Will Remain Despite Social Media - Panellists

Ghana: Newspaper Business Will Remain Despite Social Media - Panellists : Makhanda — DESPITE the expansion of social media platforms globally, newspapers will remain in business to serve generations yet unborn, according to panellists of the just-ended Highway Africa confer… Source: "Makhanda" - BingNews . Degradation of Makana shocks DA ‘inspectors' : Bhanga led a delegation around Makana municipality on what the party termed an oversight inspection. In Makhanda (formerly Grahamstown), Bhanga was shocked at the pollution and sewage in Sun City and … Source: "Makhanda" - BingNews .

Today's business needs intelligent data storage

The world is driven by data. It's an instant world, where customers can make or break a business and the insights derived from data is the only thing that gives companies any indication of how to satisfy their markets. By Adam Day, CEEMA storage category manager at Hewlett Packard Enterprise Data can deliver insights into shifting demographics, customer behaviour, operational efficiencies and inefficiencies, and enable a world where instant product feedback and satisfaction is expected.

IABM announces 2018 award winners at Annual International Business Conference

IABM has announced the winners of its highly-prized annual awards at the IABM Annual International Business Conference, which took place in Birmingham, UK on 6 and 7 December 2018. The awards recognise outstanding achievement in 2018 in key areas of the broadcast and media technology industry: the fostering of young talent; outstanding women in broadcast; technology leadership; technological innovation; broadcaster/media company innovation; and creative collaboration between technology vendors and end-users. A final award - Honorary Membership of IABM - is made to an individual who has played a major role in the development of the industry and contributed to the advancement of IABM over the course of their career.

South Africa's Group Five attracts interest in parts of business

JOHANNESBURG (Reuters) - Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales. The company, whose shares have lost nearly all their value this year, has been cutting jobs and closing loss-making divisions amid stagnant economic growth and low public infrastructure spending.

Group Five attracts interest in parts of business

The loss-making construction firm is considering selling some assets. Loss-making South African construction firm Group Five has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales.

Wesgro: CT secures business events worth R1 billion

WC to pump R13m into global campaign to attract more visitors The campaign is an initiative driven by the Western Cape government, City of Cape Town, SA Tourism, Cape Town Tourism, and the Southern Africa Tourism Services Association. 23 days ago.

Business Forum appoints new administrator

Armed with a slew of ideas and a vision for the future of the Kouga Business Forum (KBF), the only female - and youngest - board member, is rolling up her sleeves to help bring the organisation to new heights. Passionate about her home town's economic prospects, Leilani Coetsee, the recently appointed acting administrator for the KBF, wants the organisation to play a key role in boosting investment and fast-tracking development in the region. With a larger-than-life passion for creating business with heart, she will serve as the link between the KBF and businesses in the region - combining passion with business, big or small.

Group Five shares soar as other parties show an interest in buying parts of the business

JSE-listed Group Five's share price rose to 48c a share early on Thursday, compared with Wednesday's close of 24c a share, after the company announced that it had received expressions of interest (EOIs) from a number of parties for various parts of the business. Group Five's board of directors and its appointed corporate advisers are considering the EOIs, it said. The embattled company is embroiled in a dispute with a client, Cenpower, regarding the Kpone gas and oil-fired combined-cycle power plant project, in Ghana.

Big business helps launch new facility

A R2.6 million Treatment and Assessment Centre - a special needs facility aimed at the hearing impaired and autistic learners - was opened at the Noluthando School for the Deaf last Friday. As a result, about 300 children will benefit from the facility, after it was identified that a separate centre to accommodate the medical, professional, speech therapists, audiologists and physiotherapists was needed in the area.

Design Indaba 2019: Where business and design meet

Over the last few years, we've seen just how mutually beneficial design and business are for one another. There has been a shift from clients and designers who use less traditional methods. Instead, they're moving towards a more design-lead-business-model.

Stock markets in surge across the globe

Stock markets around the world rose along with US Treasury yields yesterday as US President Donald Trump sounded upbeat about a China trade deal..

Stock markets in surge across the globe

THERESA May may survive as UK PM. AP JOHANNESBURG - Stock markets around the world rose along with US Treasury yields yesterday as US President Donald Trump sounded upbeat about a China trade deal and sterling bounced on bets that UK Prime Minister Theresa May would keep her job. US Treasury yields advanced in tandem with Wall Street's gains after Trump said trade talks with China are progressing with discussions underway by telephone and more meetings likely among officials of both countries.

Stock markets in surge across the globe

Stock markets around the world rose along with US Treasury yields yesterday as US President Donald Trump sounded upbeat about a China trade deal..

No change in UK prime minister cheers rand and markets

The JSE desperately needs the Santa rally to continue to mitigate its 2018 losses, while November's producer inflation is expected to have slowed slightly The rand appeared to cheer UK Prime Minister Theresa May ability to survive Wednesday night's no-confidence vote, with the currency trading at R17.82/£, R16.06/€ and R14.

G4S reviews options to separate cash solutions business

Dec 13 (Reuters) - G4S Plc is reviewing options to separate its cash solutions business that is responsible for transporting, storing and managing cash, the world's top security firm said on Thursday. London-listed G4S, which provides guards and security, said it expects the review to be completed next year. (http://bit.

Choose a data management partner that suits your business

Data management is a critical aspect for businesses today, given data's status as being an organisation's most valuable asset. As such, choosing the right data management provider is so much more than price or package - you need a partner that can be trusted to effectively manage your organisation's data, freeing you up to focus on your core business. Hemant Harie, operations manager at Gabsten TechnologiesIn order to choose a data management provider, you should take a step back and review how your business prioritises data.

Is your business really what you think it is?

Over the past several years, it would have been near impossible for business owners and leaders to ignore the media's infatuation with Big Data. Countless articles enthused about the staggering volume of data being created (now standing at 2.5 quintillion bytes of data created daily), and research papers extolled the many potential benefits of data for governments, businesses and consumers.

Unique South African Business Ideas that Caught Our Eye #BestofSMESA2018

If you were thinking tall original ideas were all but done for - these South African entrepreneurs prove that fresh ideas are still abundant - whether it's exploring an untapped market, new business models or finding new ways to exploit what may be a saturated market. From innovative ways to safer male circumcisions to taking the classic South African veldskoen global - these are unique ideas that caught our eye this year. Isivuno Container Business - Beyond the container Beverly Gumbi's company supplies customised containers to a wide variety of clients, with conversion options including offices, kitchens, spaza shops, hair salons, ablution facilities, childcare facilities, gym in a box, and more Beverly Gumbi is the founder of Isivuno Container Business.

Future business solutions will be smart

Over the decades, ERP (enterprise resource planning) 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. This is according to One Channel CEO Bernard Ford.

Omphile Mabitsela, 6, starts his own handmade stationery business

- Omphile Mabitsela is a 6-year-old entrepreneur based in Cape Town - He makes and sells origami and handmade stationery - He says he wants to be a millionaire and create employment by the time he's 18 years old PAY ATTENTION : Click "See first" under the "Following" tab to see Briefly News on your newsfeed! Omphile Mabitsela might be only six years old, but he's already making a name for himself as an entrepreneur. The Cape Town-based boy is the founder of Quirk Quirk Inc, The Star reports. Through it, he makes and sells origami (paper-folded artwork) and handmade stationery.

Mondelez Says Arla Foods To Buy Kraft-Branded Cheese Business In Middle East, Africa From Mondelez International

Dec 13 (Reuters) - Mondelez: * ARLA FOODS TO ACQUIRE KRAFT-BRANDED CHEESE BUSINESS IN MIDDLE EAST AND AFRICA FROM MONDELEZ INTERNATIONAL * SAYS FINANCIAL DETAILS OF TRANSACTION WILL NOT BE DISCLOSED. * SALE INCLUDES ALL KRAFT-BRANDED CHEESE PRODUCTS IN MEA MARKETS * SAYS PHILADELPHIA AND JOCCA COTTAGE CHEESE ARE NOT INCLUDED IN SALE Source text for Eikon: Further company coverage: 2018-12-13 08.

South Africa's Group Five gets interest for parts of business

Dec 13 (Reuters) - South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience in restructuring and asset sales. The company, whose shares have lost nearly all their value this year, has been cutting jobs and closing loss-making divisions amid stagnant economic growth low public infrastructure spending.

Mondelez sells Middle East cheese business to Arla Foods

COPENHAGEN, Dec 13 (Reuters) - Mondelez International Inc has agreed to sell its Middle East cheese business, which is currently licensed under the Kraft brand, to Danish dairy firm Arla Foods. The financial details of the deal, which includes a production site in Bahrain with capacity to produce 66,000 tonnes of processed cheese per year, were not disclosed. Mondelez, the world's No.

7 Ways to Stay Healthy and Safe During Business Travel Over the Holidays

End-of-year business travel can be strain when trying to maintain a work-life balance during the holidays. As millions hit the roads or travel by air, health and safety is easily forgotten during the hectic holiday rush. Hyryde, powered by Reliance , has released an infographic with details about how to prepare for a business trip and arrive home safely just in time for dinner with the family.

FEATURE - South African flexes entrepreneurial muscles to exploit health club industry ga

OHANNESBURG, November 11 (ANA) Fitness clubs are big business in South Africa. The industry generated more than US$930-million in revenue in 2016, according to The Economist. Virgin Active, the biggest chain which commands at least 60 percent of the market, was established in 2001 when Nelson Mandela reportedly asked Richard Branson to save thousands of jobs by taking over the liquidated Health and Racquet Club.

A strong woman for MMI is Jeanette Marais

Jeanette Marais, who was appointed in March this year to take on a herculean task of helping to turn around a faltering MMI as its deputy chief executive officer - and as such became one of the most senior women in the financial services industry - was destined to be anything but a traditional Afrikaans woman. Having grown up on a farm in the Free State, Marais realised at a young age that "a man is not a plan", and that she needed to be independent and successful in her own right. Having witnessed her own, educated mother's struggles with dependence on her husband and eavesdropping on their conversations about money, Marais understood the importance of women maintaining their own identity and managing their own finances.

Man hit by train, survives

A man believed to be in his mid-50s has survived after being hit by a train when he attempted to cross the railway line between Ottery and Southfield stations just after 6am on Tuesday. Shocked witnesses ran to the man and were relieved to find he was still alive. Police and paramedics arrived a short while later.

Shoprite opens doors in Kenya to battle French retailer

Shoprite [ JSE:SHP ] is seeking a foothold in Kenya's retail industry, where the collapse of two local supermarket chains has created opportunities for Africa's biggest grocer and its international rivals. The Cape Town-based firm opens its first store in Nairobi on Thursday, at a site previously occupied by struggling Nakumatt, which has shuttered all but six stores in East Africa's biggest economy. French retailer Carrefour SA, Wal-Mart-controlled Massmart [ JSE:MSM ] and Choppies [ JSE:CHP ] of Botswana are also seeking to fill space left by the debt-ridden company and state-backed Uchumi Supermarkets, which is facing a winding-up petition.

Anglo American Platinum expects earnings for year to December to rise 20 pct

JOHANNESBURG, December 13 (ANA) - Anglo American Platinum said on Thursday its headline earnings per share for the year ending December were likely to be 20 percent higher than 2017, due to an increase in the rand basket price and improved operational delivery across the company..

Shoprite opens doors in Kenya to battle Carrefour

(Bloomberg) -- Shoprite Holdings Ltd. is seeking a foothold in Kenya's retail industry, where the collapse of two local supermarket chains has created opportunities for Africa's biggest grocer and its international rivals. The Cape Town-based firm opens its first store in Nairobi on Thursday, at a site previously occupied by struggling Nakumatt Holdings Ltd.

Ayanda Mabulu only arrested because he took on white monopoly capital, says Twitter

Ayanda Mabulu is no stranger to controversy. He has depicted Nelson Mandela both as a Nazi and as having graphic intercourse with former president Jacob Zuma, and has painted public figures including Atul Gupta and Archbishop Emeritus Desmond Tutu either semi-naked or performing sexual acts. On Wednesday, he took on disgraced Steinhoff former CEO Markus Jooste, depicting him receiving oral sex surrounded by AWB symbols and swastikas, together with the late AWB leader, Eugene Terrblanche, with his pants down next to a naked black child hanging.

Whoah! Ayanda Mabulu Arrested For This Graphic Public Artwork

Ayanda Mabulu loves a little controversy, and he certainly got that at the release of his public artwork yesterday outside of the Johannesburg Stock Exchange (JSE). According to Ayanda's spokesperson, Sipha Kema, Ayanda was arrested and taken to Morningside police station, although police say that he was not arrested, but rather removed from the area because he didn't have the proper permission to display his artwork in that area. Kema spoke with IOL : She explained that Mabulu had initially intended to stage the exhibition at Constitutional Hill but when this fell through following a dispute over the artwork, he decided to display it in front of the stock exchange… Kema went on to question why Mabulu was arrested for this particular artwork, when he's done more controversial artwork in the past.

WATCH: Where is SA headed?

SA's political, economic and social landscape is shifting, and fast. Anglo American SA executive head Andile Sangqu, who has been involved in scenario planning for SA to 2030, joined Business Day TV to discuss what he thinks lies ahead for the country..

Artist Ayanda Mabulu arrested over ‘blame it on the boers' painting

Controversial artist Ayanda Mabulu, 37, was arrested outside the Johannesburg Stock Exchange (JSE) on Wednesday, following a display of his artwork stating, "blame it on the boers". "I am here to represent and speak on behalf of the highly undermined black people who are constantly being robbed by white monopoly capital," he told News24 outside the JSE. "It's a call to say if a black man stole a packet of beans, he would have been arrested in public, but people like Markus Jooste, who robbed in public, it is okay for them to not to be arrested.

IEC warns BLF to refrain from further hate speech

In a letter sent to Black First Land First (BLF), dated Wednesday, the Independent Electoral Commission of SA (IEC) warns the party not to make any further statements that "constitute hate speech". Chief electoral officer Sy Mamabolo told the party's secretary-general, Yerushka Chetty, that they had received numerous complaints about BLF leader Andile Mngxitama's statements about the killing of white people, made at an event in Potchefstroom over the weekend. Mamabolo said the IEC considered the statements hate speech, which were against both the national constitution and the BLF's own constitution.

Amplats expects 20 pct jump in full-year earnings

JOHANNESBURG, Dec 13 (Reuters) - Anglo American Platinum on Thursday said it expects a 20 percent increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance. Last year the world's largest platinum producer reported headline earnings of 3.9 billion rand ($277 million), or headline earnings per share of 1,482 cents.

GLENCORE PLC - GLN - Transactions in own shares 12 December 2018

Wrap Text GLN - Transactions in own shares - 12 December 2018 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 13 December, 2018 Transactions in own shares - 12 December 2018 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 12 December 2018 Aggregate number of ordinary shares of USD 0.

HAMMERSON PLC - Transaction in Own Shares

Wrap Text Transaction in Own Shares Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 ("Hammerson" or "the Company") Transaction in Own Shares 13 December 2018 The Company announces that on 12 December 2018, in accordance with the authority given to the Company by its shareholders and pursuant to a share repurchase programme, it purchased for cancellation from J.P. Morgan Securities plc the following ordinary shares: Highest Lowest VWAP No.

INVESTEC PLC - Proposed acceleration and amendment of the Option between Investec and Investec Asset Management Senior Manag

Wrap Text Proposed acceleration and amendment of the Option between Investec and Investec Asset Management Senior Management Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 03633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules (the "DTR") and the Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements. Investec Limited and Investec plc (together "Investec" or the "Group") Proposed acceleration and amendment of the Option between Investec and Investec Asset Management Senior Management On 1 August 2013, Investec announced the completion of the disposal of an initial 15% shareholding in Investec Asset Management Limited and Investec Asset Management Holdings Pty Limited (together "Investec Asset Management") to Forty Two Point Two (the "Original Transaction"). Certain members of Investec Asset Management's management team (the "Participants") participate in The Marathon Trust that, in turn, wholly owns Forty Two Point Two.

CAPITEC BANK HOLDINGS LIMITED - Quarterly Disclosure In Terms Of Regulation 43 Of The Regulations Relating To Banks

Wrap Text Quarterly Disclosure In Terms Of Regulation 43 Of The Regulations Relating To Banks Capitec Bank Holdings Limited Registration number: 1999/025903/06 Registered bank controlling company Incorporated in the Republic of South Africa JSE ordinary share code: CPI ISIN code: ZAE000035861 JSE preference share code: CPIP ISIN code: ZAE000083838 ("Capitec") QUARTERLY DISCLOSURE IN TERMS OF REGULATION 43 OF THE REGULATIONS RELATING TO BANKS Capitec and its subsidiaries ("group"), have complied with Regulation 43 of the Regulations relating to banks, which incorporates the requirements of Basel. In terms of Pillar 3 of the Basel rules, the consolidated group is required to disclose quantitative information on its capital adequacy and liquidity ratios on a quarterly basis. The group's consolidated capital and liquidity positions at the end of the third quarter for the 28 February 2019 financial year end are set out below: 3rd Quarter 2019 2nd Quarter 2019 30 November 2018 31 August 2018 Capital Capital Adequacy Adequacy R'000 Ratio % R'000 Ratio % Common Equity Tier 1 capital (CET1) 20 266 512 33.

SOUTH32 LIMITED - Change of Directors Interest Notice

Wrap Text Change of Director's Interest Notice South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX/JSE/LSE Share Code: S32 ISIN: AU000000S320 Rule 3.19A.2 Appendix 3Y Change of Director's Interest Notice Information or documents not available now must be given to ASX as soon as available.

Whoah! Ayanda Mabulu Arrested For This Graphic Public Artwork

Ayanda Mabulu loves a little controversy, and he certainly got that at the release of his public artwork yesterday outside of the Johannesburg Stock Exchange (JSE). According to Ayanda's spokesperson, Sipha Kema, Ayanda was arrested and taken to Morningside police station, although police say that he was not arrested, but rather removed from the area because he didn't have the proper permission to display his artwork in that area. Kema spoke with IOL : She explained that Mabulu had initially intended to stage the exhibition at Constitutional Hill but when this fell through following a dispute over the artwork, he decided to display it in front of the stock exchange… Kema went on to question why Mabulu was arrested for this particular artwork, when he's done more controversial artwork in the past.

WATCH: Rand recovers from recent losses

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 recovered some recent losses against the US dollar during yesterday's European trading session according to NKC Research.  The South African currency traded stronger amid improved emerging market sentiment on signs that US and China are moving ahead with trade talks despite some false steps after a trade war truce was called. The rand was also supported by stronger-than-expected South African retail sales figures for October.

Gupta's South African mining assets attract R3bn bid

JOHANNESBURG - A South African consortium called Project Halo has submitted the winning bid of R3.05-billion for three major assets of Tegeta Exploration & Resources, the Gupta family-linked mining company under administration since February. Project Halo will buy Optimum Coal Mine, for a maximum of R2.

INSIGHT-Vitol, rival oil traders in spotlight of Brazil bribery probe

* Prosecutors say their focus turning to foreign oil companies * Employees at state oil firm took bribes for contracts - judge * Networks of middlemen circled top executives - documents * Vitol's agent, Trafigura employees part of schemes - judge * Key figures on oil traders: tmsnrt.rs/2zWgcLA By Brad Brooks and Julia Payne SAO PAULO/LONDON, Dec 13 (Reuters) - Brazil's epic "Car Wash" corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. But graft allegations lodged by prosecutors last week against four of the world's largest oil trading companies - Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group - have opened an explosive new phase in the long-running probe.

The trading firms under investigation in Brazil graft probe

Dec 13 (Reuters) - Last week, Brazilian investigators accused four of the world's largest oil-trading firms of participating in a corruption scheme focused on Brazil's state-controlled oil company Petrobras. Federal prosecutors allege Vitol, Glencore, Trafigura and Mercuria along with several small firms collectively paid at least $31 million in bribes over a six-year period to Petrobras insiders to secure oil deals at advantageous prices. Prosecutors said what they have uncovered so far is the "tip of the iceberg".

Shoprite opens doors in Kenya to battle Carrefour

Retailers both vying to fill hole left by crumbing supermarket chain Nakumatt. Shoprite is seeking a foothold in Kenya's retail industry, where the collapse of two local supermarket chains has created opportunities for Africa's biggest grocer and its international rivals. The Cape Town-based firm opens its first store in Nairobi on Thursday, at a site previously occupied by struggling Nakumatt, which has shuttered all but six stores in East Africa's biggest economy.

Gupta's SA mining assets attract R3.05bn bid

A South African consortium called Project Halo has submitted the winning bid of R3.05bn for three major assets of Tegeta Exploration & Resources, the Gupta family-linked mining company under administration since February. Project Halo will buy Optimum Coal Mine, for a maximum of R2.

No change in UK prime minister cheers rand and markets

The JSE desperately needs the Santa rally to continue to mitigate its 2018 losses, while November's producer inflation is expected to have slowed slightly The rand appeared to cheer UK Prime Minister Theresa May ability to survive Wednesday night's no-confidence vote, with the currency trading at R17.82/£, R16.06/€ and R14.

UPDATE 1-Australian rail workers plan strikes that could hit key coal haulage tracks

* Union planning strikes over pay, rostering * It plans 4 days of stoppages, 7 days of overtime bans * Likely to affect transport of coal * BHP says strikes will not have "material impact" (Adds BHP comment) SYDNEY, Dec 13 (Reuters) - Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region. Miners including BHP Billiton, Glencore , Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port. Protracted negotiations over pay rises and rostering had broken down, the Rail, Tram and Bus Union, which represents train crews and maintenance workers at Aurizon, said in a statement on Thursday.

Vukile's Spanish foray pays off

Vukile has bucked the general sector trend and continues to deliver inflation-beating dividend growth This year has turned out to be a horrible one for many property investors. Not only have real estate punters suffered losses on the capital growth front — the SA JSE-listed property index has tumbled about 30% in the year to date — but there has also been bad news in the form of lower-than-expected dividend growth. Most local counters have struggled to maintain the usual inflation-beating growth in income payouts as tough trading conditions in SA continue to erode earnings from office, industrial and shopping centre portfolios.

Gupta's SA mining assets attract R3.05bn bid

The deal is opposed by Oakbay Investments. A South African consortium called Project Halo has submitted the winning bid of R3.05 billion for three major assets of Tegeta Exploration & Resources, the Gupta family-linked mining company under administration since February.

Fair Exchange: Proof of strategy is in execution (and vice versa)

by Erna George ( @ edgeo23 ) Back in the olden days (yes, I feel old as I write this), I was taught that there were three critical elements in creative strategy development and execution (campaigns or any other): the big idea, execution and the differentiator — a veritable triangle, so the three couldn't be separate. Nothing progressed until the articulation of and golden thread between them were clear. Today, these aren't presented in the same way or with the specific discipline to link these and, while brand differentiators are clear, often the gap between strategic concept and execution is the difference between success and failure.

Brexit on a knife edge

May's Brexit vote delay hits the pound and sows yet more confusion, not least for some JSE companies "Please, oh pretty please, could we have some certainty." The same thing businesspeople from all over the world often say about SA, local businesspeople are now saying about Britain in the wake of the calamitous Brexit negotiations, dragging the pound all over the shop and causing more delays to pending business deals. Facing ignominious defeat, Prime Minister Theresa May delayed a crucial vote on the Brexit deal in a week described by UK political watchers as the most tumultuous in British politics in half a century.

LETTER: Government must leave running of parastatals to business

If the state cannot supply toilets or books at schools, how can it be trusted to operate crucial utlities? I quote from an article in the Sunday Times of December 9: "The cash-strapped SA Navy is literally falling apart and has run out of money to keep its vessels at sea." Of the three submarines and four frigates purchased in the R60bn arms deal, none of them could be deployed in the 2017/18 financial year, "resulting in reliance on three 40-year-old vessels". It is no longer a question of "if" or "when" our government will succeed in managing an entity successfully.

Cognition dragged into the public view

At a general meeting the dissenting shareholders said directors were deliberately absent to avoid questions A dogged scrap by a few dissenting shareholders has dragged niche technology business Cognition Holdings back into the public view. Cognition, previously known as Foneworx, has morphed from its (diminishing) core in the fax-to-e-mail market to a data analytics specialist for large fast-moving consumer goods players. In a new thrust, its controlling shareholder, Caxton & CTP Publishers & Printers, will inject into Cognition (in exchange for more scrip) its 50.

Choppy waters ahead for emerging markets

talks to HSBC's London-based chief economist, Stephen King, and its local economist David Faulkner about the challenges tyfacing emerging markets at a time when US disengagement with the world, trade protectionism and automation create new risks Stephen, one of your pet subjects is the rise of emerging markets (EMs) and the decline of the West. Do you still hold this view despite the shift towards trade protectionism and automation? Stephen King: There's no doubt EMs have done incredibly well over the past 30 to 40 years. Where we have problems now is in the relationship between the US and China.

Must-watch: Inside SA's TV sector

Nowadays in SA the twists and turns in the media industry can be more gripping than the entertainment it provides. Will the new kid on the block win through? Which villain will be next to bite the dust? Between a financially distressed public broadcaster and online streaming services making inroads, SA's TV industry has been thrust into a state of flux. MultiChoice is about to fly the Naspers coop at a time of uncertainty for global pay-TV operators, while eMedia Holdings' free-to-air satellite TV platform, OpenView, is still trying to find its feet.

Why now is the time to bet on the JSE

SA equities are cheaper than they've been in a long while after a terrible 2018. But picking the right stocks, and building a diverse portfolio, will be key to how well investors do in any recovery So much for Ramaphoria. When Cyril Ramaphosa replaced Jacob Zuma as president in February, there was giddy expectation that he would move quickly to stop the rot in the government and fix the economy.

Cape Town land sale sparks housing row

Developers of a planned skyscraper in Cape Town and city authorities don't see eye to eye with activists who say the site was sold too cheaply, and who want housing rather than more office space Controversy around the R86.5m sale of municipal land in Cape Town's Foreshore district has thrown issues of affordable and inclusive housing in the Mother City into sharp relief. In 2016 "Site B" was sold on public auction to Growthpoint Properties, which plans to develop a mixed-use building that includes more than 24 floors of office space, an internationally branded hotel on the roof and two floors of retail space at its base.

EDITORIAL: Markus Jooste — justice delayed

Even though more evidence has emerged there hasn't been the sniff of an arrest, or an awkward visit to Stellenbosch or Hermanus from the Hawks The revelation that the long-awaited PwC forensic report on Steinhoff will emerge only in April, in a much-truncated format, is a blow to accountability in corporate SA. It was a year ago that Steinhoff declared that it had detected "accounting irregularities" and that CEO Markus Jooste had resigned "with immediate effect". It hired PwC to do a forensic account of what went wrong, and the findings were expected this month.

Business IDOOH partners with Abercairn Digital to bring in-taxi entertainment to Nigeria

Abercairn Digital, a leading Digital-Out-of-Home (DOOH) company in Nigeria, IDOOH to deploy 1,000 in-vehicle media screens with ride-hail drivers in Lagos -a service to provide passengers with an entertaining and interactive passenger experience. The deal marks IDOOH's first expansion into Africa, where the two companies will create a platform that will positively affect passenger commute, drivers, companies, and businesses across Lagos Nigeria. IDOOH technologies offer content based on factors such as location, weather and traffic conditions, presenting passengers with a new OOH entertainment experience.

UPDATE 1-Exxon, BHP to develop Australian natural gas project

(Adds BHP Billiton statement, executive comment, details) Dec 13 (Reuters) - Exxon Mobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets. Exxon said the project, located off the shore of the state of Victoria, is part of its continuing investment in the Gippsland Basin, an area rich in oil and gas. BHP will invest about A$200 million ($144.

Australian rail workers plan strikes that could hit key coal haulage tracks

* Union planning strikes over pay, rostering * It plans 4 days of stoppages, 7 days of overtime bans * Likely to affect transport of coal SYDNEY, Dec 13 (Reuters) - Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region. Miners including BHP Billiton, Glencore , Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port. Protracted negotiations over pay rises and rostering had broken down, the Rail, Tram and Bus Union, which represents train crews and maintenance workers at Aurizon, said in a statement on Thursday.

Australian rail workers plan strikes that could hit key coal haulage tracks

* Union planning strikes over pay, rostering * It plans 4 days of stoppages, 7 days of overtime bans * Likely to affect transport of coal SYDNEY, Dec 13 (Reuters) - Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region. Miners including BHP Billiton, Glencore , Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port. Protracted negotiations over pay rises and rostering had broken down, the Rail, Tram and Bus Union, which represents train crews and maintenance workers at Aurizon, said in a statement on Thursday.

GLOBAL MARKETS-Asian shares, sterling up on pause in Brexit, trade fears

SHANGHAI, Dec 13 (Reuters) - Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.

Is active management really better in negative markets?

What has the experience been in South Africa over the past five years? For the five years to the end of November 2018, the FTSE/JSE All Share Index (Alsi) delivered a total return of just 5.5% per annum. It was also a fairly volatile ride to get there.

GLOBAL MARKETS-Trade talk lifts stocks, sterling rises on May bets

* Trump says trade talks under way with China * Europe stocks close higher, Wall Street rallies * Pound rises off 20-month low * U.S. CPI in line with expectations (Updates with close of European markets, changes byline) By Chuck Mikolajczak NEW YORK, Dec 12 (Reuters) - A gauge of global stock markets rallied along with U.

Tencent Music sets $1.1bn IPO at bottom as markets gyrate

Tencent Music and existing investors raised about $1.1bn after pricing a US initial public offering at the bottom of a marketed range, succumbing to the same global market turbulence that's sapped enthusiasm for stock debuts. China's largest music-streaming service, which is backed by Tencent, and current holders sold 82 million American depositary shares at $13 apiece, according to a statement.

The cost of the December shutdown to business in South Africa

Most businesses - retail and entertainment excluded - resemble ghost towns during the first and last weeks of the year. Energy levels are low in December, and employees daydream about cocktails on the beach. Come January, it takes a few days to get back into the swing of things.

Dr Iqbal Survé slams Magda Wierzycka's 'blatant lies'

Dr Iqbal Survé, Chairperson of Sekunjalo Investment Holdings: Nokuthula Mbatha/ African News Agency (ANA) I HAVE noted with dismay, the interviews and comments made by the CEO of Sygnia Limited, Magda Wierzycka, during various interviews she has given on platforms such as Radio 702 / Cape Talk, Classic FM, and the statements attributed to her in Business Day and BDLive that were published 12 December 2018.  In these interviews, she has made several remarks and statements aimed at me personally.  For the record, Mr Khalid Abdulla and AEEI responsibly reported this matter to the authorities, and the fact that he is related to me via marriage, is of no consequence to the matter under discussion.

Luukse items trek beleggers se oog

Richemont ‘n kern-aandeel in ‘n gebalanseerde portefeulje. Chantal Marx, hoof van beleggingsnavorsing van FNB Wealth, gee haar beleggingskeuse vir die dag..

Tencent Music sets $1.1bn IPO at bottom as markets gyrate

Tencent Music and existing investors raised about $1.1bn after pricing a US initial public offering at the bottom of a marketed range, succumbing to the same global market turbulence that's sapped enthusiasm for stock debuts. China's largest music-streaming service, which is backed by Tencent, and current holders sold 82 million American depositary shares at $13 apiece, according to a statement.

Netcare helicopter airlifts seriously injured 14-year-old boy who fell down Waterfall at the Karkloof Waterfalls

KwaZulu-Natal: At 13H34 Wednesday afternoon Netcare 911 responded to reports of a falls at the Karkloof Falls in the KZN Midlands. Reports from the scene indicate that a male believed to be approximately 14-years-old had fallen down to falls seriously injuring himself. The patient was removed from the water by members of the public who had also alerted emergency services.

KZN: Pedestrians seriously injured in Taxi crash

KwaZulu-Natal: At 17H38 Wednesday late afternoon Netcare 911 responded to reports of a collision on Manning road in Pietermaritzburg. Reports from the scene indicate that a light motor vehicle and a mini-bus taxi were involved in a collision. Two pedestrians who were standing on the side of the road waiting for transport sustained serious injuries after being struck by the mini-bus taxi.

Business E-commerce platform Wawooh is set to change the face of fashion and lifestyle in Nigeria

Wawooh, a fashion e-commerce and lifestyle company that projects a positive African narrative to the world through fashion, culture, and arts, has commenced operations in Nigeria. With a drive to further raise the standard and facilitate growth in Nigeria and Africa's fashion industry, it is providing a platform for fashion designers and consumers to engage in transactions and collaborate. The platform aims further unlock more of the fashion market for Nigerian and African designers likewise, adding more options for admirers of Nigerian fashion products to shop when the need for these products arise as the platform already has an extensive array of exclusive fashion items on its platform.

Hopes May will win no-confidence vote lift British stocks

* FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct * Market sees PM May defeating leadership challenge * Brexit-sensitive housebuilders rise * Trump's conciliatory trade talk boosts markets * Superdry sinks 38 pct on profit warning (Updates prices, adds details, graphic) By Josephine Mason and Helen Reid LONDON, Dec 12 (Reuters) - British stocks rose on Wednesday as investors welcomed conciliatory talk from U.

General SENS Submitter Company - Index Change Advice - 20181224 December 2018 Responsible Investment Review ICA

Wrap Text Index Change Advice - 20181224 December 2018 Responsible Investment Review ICA FTSE/ JSE Africa Index Series - Responsible Investment Indices Review 12 December 2018 The following changes will be made to the FTSE/JSE Responsible Investment Indices after close of business on Friday, 21 December 2018 and will be effective at start of business on Monday, 24 December 2018. FTSE/JSE Responsible Investment (J113) Equities for inclusion to index Ticker Constituent ISIN SII Free Float NRP NEPI Rockcastle PLC IM00BDD7WV31 577,800,734 58.868533559184 BID BidCorp Ltd ZAE000216537 335,404,212 98.

Moving beyond Guptas: SA mining assets attract R3.05bn bid, Oakbay opposes

JOHANNESBURG — Finding closure is important in order to leave the past behind, and while South Africans would rather see the Guptas in orange overalls, moving forward is vital. At the heart of the state capture claims lies Optimum Coal, an asset forcibly sold by Glencore with the help of then Zuptoid mining minister Mosebenzi Zwane . The contracts were re-signed with Eskom, only once the sale had gone to the Guptas has gone through.

Ayanda Mabulu arrested at JSE while displaying his latest artwork

Oliver Meth said on Facebook that the "relaunch" of Mabulu's new artwork comes after Constitution Hill allegedly refused to showcase it. "The rejection from Constitution Hill motivated Ayanda to go bigger with the unveiling of his new artwork. He found 'a perfect new home' for his painting at the stock exchange (JSE).

Ayanda Mabulu arrested at JSE while displaying his latest artwork

Controversial artist Ayanda Mabulu was arrested on Wednesday afternoon while showing his latest artwork outside the JSE. Mabulu's spokesperson‚ Sipha Kema‚ said he was being held at the Morningside police station. Artist Ayanda Mabulu is arrested outside the JSE and taken to Morningside Police Station after he displayed a painting saying "blame it on the boers".

UPDATE 2-Hopes May will win no-confidence vote lift British stocks

* FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct * Market sees PM May defeating leadership challenge * Brexit-sensitive housebuilders rise * Trump's conciliatory trade talk boosts markets * Superdry sinks 38 pct on profit warning (Updates prices, adds details, graphic) By Josephine Mason and Helen Reid LONDON, Dec 12 (Reuters) - British stocks rose on Wednesday as investors welcomed conciliatory talk from U.

Greece seeks to avert nickel producer Larco shutdown

ATHENS - Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country's energy ministry said on Wednesday. Larco, which is 55%-owned by the Greek state, owes about €280-million in unpaid electricity bills to State-controlled power utility Public Power Corp. (PPC), also a minority shareholder in the company.

China's Tencent Music jumps 11% in US debut

The company's shares opened at 8.8% above their IPO price, giving it a market capitalisation of about $23bn Shares of China-based music streaming company Tencent Music Entertainment rose about 11% in their US debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. Naspers owns 31.

UPDATE 1-Greece seeks to avert nickel producer Larco shutdown

(Add Greek energy ministry statement, production data) ATHENS, Dec 12 (Reuters) - Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country's energy ministry said on Wednesday. Larco, which is 55 percent owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp. (PPC), also a minority shareholder in the company.

South Africa's rand firms as dollar slides, stocks jump

South African Rand coins are seen in this photo illustration JOHANNESBURG (Reuters) - South Africa's rand firmed on Wednesday after the dollar fell as investors digested U.S. consumer price data that showed unchanged headline inflation, reinforcing speculation of fewer U.

Zambia's chamber of mines sees 21,000 job cuts

File Picture: IOL INTERNATIONAL -  Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.

Ayanda Mabulu arrested at JSE while displaying his latest artwork

Controversial artist Ayanda Mabulu was arrested on Wednesday afternoon while showing his latest artwork outside the JSE. Mabulu's spokesperson, Sipha Kema, said he was being held at the Morningside police station. Oliver Meth said on Facebook that the "relaunch" of Mabulu's new artwork comes after Constitution Hill allegedly refused to showcase it.

Rand firms as dollar slides, stocks jump

Rand edges higher on softer dollar South Africa's rand firmed on Wednesday after the dollar fell as investors digested US consumer price data that showed unchanged headline inflation, reinforcing speculation of fewer US interest rate rises than previously expected. Stocks also rose for a second consecutive session, tracking Asian markets which jumped on the back of further indications of easing Sino-US trade tensions. At 1501 GMT, the rand traded at 14.

JSE firmer as global stocks remain optimistic on US-China trade deal

The JSE closed firmer on Wednesday as it tracked other global equity benchmarks higher mainly on the back of positive comments on trade from US President Donald Trump. The US president struck a positive tone on the potential of a trade deal being reached with China, as he said that he would not raise tariffs on Chinese goods until a deal was concluded. Global stocks rose on the back of this news, which saw both Asian and European equities trading mostly firmer on the day.

Controversial painter Ayanda Mabulu arrested for new artwork

Protest artist Ayanda Mabulu, known for his often obscene paintings, has reportedly been arrested in Sandton today. News24 reports that he was taken into custody outside the JSE and transported to the Morningside police station after his protest artwork Blame it on the Boer - against so-called white monopoly capital - was displayed outside the exchange on Maude Street. It included actual pig heads with money stuffed in them on the floor and money strewn about.

UPDATE 1-South Africa's rand firms as dollar slides, stocks jump

* Rand edges higher on softer dollar * Stocks extend gains as trade tensions thaw (Adds quotes and updates prices) JOHANNESBURG, Dec 12 (Reuters) - South Africa's rand firmed on Wednesday after the dollar fell as investors digested U.S. consumer price data that showed unchanged headline inflation, reinforcing speculation of fewer U.

Artist Ayanda Mabulu arrested over 'blame it on the boers' painting

Controversial artist Ayanda Mabulu, 37, was arrested outside the Johannesburg Stock Exchange (JSE) on Wednesday, following a display of his artwork stating, "blame it on the boers". "I am here to represent and speak on behalf of the highly undermined black people who are constantly being robbed by white monopoly capital," he told News24 outside the JSE. "Its a call to say if a black man stole a packet of beans, he would have been arrested in public, but people like Markus Jooste, who robbed in public, it is okay for them to not to be arrested.

Embattled platinum junior Atlatsa Resources to be delisted

Atlatsa Resources is to delist in the latest development in the restructuring of South Africa's platinum mining industry but Impala Platinum has received a boost with the news  that major financial institution BlackRock has increased its stake in the group to 5.13%. Impala Platinum (Implats) shares have been on a roll over the past two months and have more than doubled to current levels around R36 from a 12 month low of R15.

REDEFINE PROPERTIES LIMITED - Dealings in securities by directors of Redefine

Wrap Text Dealings in securities by directors of Redefine REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/018591/06) JSE share code: RDF ISIN: ZAE000190252 (Approved as a REIT by the JSE) ("Redefine" or "the company") DEALINGS IN SECURITIES BY DIRECTORS OF REDEFINE Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the deferred award of shares, made pursuant to the provisions of the Redefine Short-Term Incentive Scheme ("the STI Scheme"), whereby a portion of the 2015 and 2016 short-term incentives payable under the STI Scheme were settled by the grant of restricted shares under the Restricted Share Scheme ("the Restricted Share Scheme") as disclosed in the announcement released on SENS on 17 November 2015 and 19 December 2016. The STI Scheme purchased 646 481 shares on-market at a weighted average price of R9.8998 per share for a total value of R6 400 032.

PPC LIMITED - Dealing in Securities and Disclosure of Beneficial Interest

Wrap Text Dealing in Securities and Disclosure of Beneficial Interest PPC Ltd (Registration number 1892/000667/06) (Incorporated in the Republic of South Africa) JSE ISIN: ZAE000170049 JSE & ZSE share codes: PPC JSE code: PPC002 JSE ISIN: ZAG000111212 JSE code: PPC003 JSE ISIN: ZAG000117524 JSE code: PPC005 JSE ISIN: ZAG000117532 ("PPC" or the "Company") DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR AND DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES In compliance with paragraph 3.66 of the JSE Limited Listings Requirements ("JSE LR"), the following information is disclosed: Director : Mr AC Ball Title : Non-Executive Director Director : Ms N Mkhondo Title : Non-Executive Director Company : PPC Limited Name of Associate : Value Capital Partners (Pty) Ltd ("VCP")* Date of transaction : 6 December 2018 Number of securities : 2 560 213 Nature of transaction : On-market purchase of securities Class of securities : Ordinary shares Share price : R5.35 Value of transaction : R13 697 139.

REDEFINE PROPERTIES LIMITED - Interest rate reset: RDFB13

Wrap Text Interest rate reset: RDFB13 REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration no: 1999/018591/06) Company code: BIRDF ISIN: ZAG000150053 (Approved as a REIT by the JSE) INTEREST RATE RESET: RDFB13 Notice is hereby given that the 3 month JIBAR rate as at 12 December 2018 is 7.15% p.a.

SANLAM LIMITED - Results of general meeting

Wrap Text Results of general meeting Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 JSE share code: SLM NSX share code: SLA A2X share code: SLM ISIN: ZAE000070660 ("Sanlam" or "the Company") RESULTS OF GENERAL MEETING Further to the circular to Sanlam shareholders dated 12 November 2018 (the "Circular") relating, inter alia, to proposed broad based black economic empowerment transactions, shareholders are advised that all proposed resolutions were passed by the requisite majority of Sanlam shareholders present in person or represented by proxy at the general meeting of shareholders of Sanlam ("General Meeting") held on Wednesday, 12 December 2018 at 2pm at the CR Louw Auditorium, Sanlam Head Office, 2 Strand Road, Bellville, Cape Town. The voting results are set out below. The total number of shares present/represented, including proxies, at the General Meeting was 1 360 906 597 representing 76.

AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by directors

Wrap Text Dealings in securities by directors African Rainbow Minerals Limited (Incorporated in the Republic of South Africa) (Registration Number 1933/004580/06) JSE Share code: ARI ISIN: ZAE000054045 ("ARM" or "the Company") Dealings in securities by directors Award and acceptance of performance shares In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), we provide the following information regarding the award and acceptance of conditional performance shares by the undermentioned executive directors of the Company: Performance shares Acceptance date 10 December 2018 Nature of transaction Awards and acceptances of conditional performance shares in terms of The African Rainbow Minerals Limited 2018 Conditional Share Plan in off-market transactions Vesting date for settlement 8 December 2021 Class of securities Ordinary shares Extent of interest Direct, beneficial Name Designation Number of Value of Performance award Shares * R PT Motsepe Executive Chairman 159 694 20 570 184.

Discovery takes aim at market inquiry over Remgro interests

SA's biggest medical scheme wants an assertion about possible anti-competitive behaviour to be withdrawn SA's biggest medical scheme, Discovery Health, has asked the health market inquiry to withdraw its assertion that Remgro's extensive interests in the private health-care industry, which include several of those it does business with, might lead to anti-competitive behaviour. Remgro is an investment company with health-care assets that include indirect stakes in Discovery Health, Metropolitan Health, a 42% direct interest in private hospital Mediclinic, and indirect stakes in managed health-care services, a primary provider network, pharmaceutical manufacturing, medical insurance organisations and a provider of mobile health services, according to the inquiry. Discovery Health is a subsidiary of JSE-listed insurer Discovery "Concerns regarding Remgro's indirect ownership in Discovery Limited are speculative and without foundation, and Discovery Health categorically denies that the indirect ownership by Remgro has ever influenced its decisions or actions in any way that harms competition or consumers," Discovery Health said in its written submission to the inquiry's provisional report.

Suspect arrested for business robbery

Media Statement from Gauteng Media Centre Corporate Communication and Liaison South African Police Service Police arrested a suspect at Hlahatsi Section at Katlehong North area.  It is alleged that police were conducting their normal stop and search operation when they received information of a business robbery in progress at Skhosana Section at Mary's Liquor whole sale. On arrival at the scene, the victims pointed to a VW Polo which was speeding off the scene.

ABB and Hitachi close in on power grid business deal

Hitachi's board confirms a plan to go ahead with the deal, which would be the Japanese group's largest acquisition, says the Nikkei Tokyo — ABB is in talks with Japan's Hitachi about the Swiss engineering group's power grid business, which it may sell to focus on more profitable divisions. ABB has been in talks with Hitachi, Mitsubishi Electric Corporation and State Grid of China to sell all or part of the business, which makes power transformers and electricity substations, Reuters reported in November. "ABB confirms that it is currently in discussions with Hitachi to expand and redefine the existing strategic power grid partnership between the two companies announced in December 2014," the Swiss company said.

Wesgro: CT secures business events worth R1 billion

Wesgro says its Western Cape Convention Bureau exceeded their annual upper band target of R260 million in the first six months of the 2018/19 financial year. | CAPE TOWN - Wesgro says Cape Town has managed to secure business events to the value of R1 billion.Wesgro says its Western Cape Convention Bureau exceeded their annual upper band target of R260 million in the first six months of the 2018/19 financial year.

Steinhoff shares jump after Pepkor Europe's trading update

People chat in front of a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building in Sandton Johannesburg JOHANNESBURG (Reuters) - Shares in Steinhoff rose more than 20 percent on Wednesday, on track for their biggest daily gain in nearly a month, after the company's Pepkor Europe business reported a jump in annual revenue growth. Pepkor, which owns discount retailers Poundland and Dealz as well as clothing and accessories chain PEPCO, said revenue rose 10.6 percent to just above 3 billion euros ($3 billion) in the year to the end of September.

Some of SA's Most Succcessful Fintech Startups Share the Lessons they Learned from Building a Global Business

By: Andile Maseko, Head of Strategy & Ecosystem at AlphaCode Many South African businesses have ambitions far greater than the domestic market. This is particularly true of financial services as our system is the most advanced in Africa, with first world infrastructure that resembles that found in developed markets. Consequently, financial services solutions developed here are highly relevant to developed markets.

What flying Business Class is really like

We walk past those spacious seats with all that extra legroom on our way to Economy. It's like the ultimate walk of shame. Yet, what do Business Class flyers actually experience when flying? All airlines offer different luxuries.

Fastjet says it's business as usual. What travellers need to know about the pan-african airline's recent call for funding

Fastjet  says it is business as usual at the airline, following reports that the pan-African airline is in active discussions with its major shareholders regarding a potential equity fundraising.  From South Africa, fastjet operate 4 daily returns between Harare and Johannesburg.  The airline also adds connecting daily flights between Harare and Bulawayo and up to 2 connecting flights a day between Harare and Victoria Falls, with three weekly flights between Victoria Falls and Johannesburg.

Airlink introduces Business Class on Victoria Falls and Walvis Bay routes

On the 1st of October,  Airlink  introduced Business Class on its Johannesburg - Richards Bay route, offering fliers a welcome drink, hand refreshment towel, a cold meal served on crockery, branded silverware on a tray, a choice of white and red Michelangelo Award-winning wines, a 30 kg check-in baggage allowance and lounge access at OR Tambo. Now, upping the ante, Airlink is offering a Business Class service on its direct flights between Cape Town and Victoria Falls as well as Johannesburg and Walvis Bay.  WATCH:  Top 10 most dangerous airport runways in the world                                      International premium travellers arriving in Cape Town and travelling onwards to Victoria Falls on Airlink, will now be able to enjoy the additional benefits afforded by continuing their journey in a premium cabin, with lots of legroom and added comforts not usually found in Economy Class.

GLOBAL MARKETS-Stocks cheered by Trump trade talk; sterling springs off lows

* Trump says trade talks underway with China, could act on Huawei * Asia, Europe stocks push higher, Wall Street futures up * Pound rises off 20-mth low as British PM faces party challenge * U.S. CPI in line with expectations * Graphic: World FX rates in 2018 tmsnrt.

Gold firms despite gains in the dollar and a rally in markets

Stock markets rallied as US President Donald trump sounded upbeat about a trade deal with China Bengaluru — Gold prices firmed on Wednesday, as expectations of fewer rates hikes in the US partially offset gains in the dollar and a rally in stock markets on hopes of a thaw in US-China trade relations. Spot gold was up 0.1% at $1,244.

Greece seeks to avert nickel producer Larco shutdown -source

ATHENS, Dec 12 (Reuters) - Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, a Greek energy ministry source said on Wednesday. Larco, which is 55 percent owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp. (PPC), also a minority shareholder in the company.

Top ANC man Danny Msiza and his R164m empire

Court papers show that ANC Limpopo treasurer-general personally benefited from the VBS cash Top ANC man Danny Msiza & his R164m empire 12 December While his political future seems uncertain, it does not appear as if former ANC Limpopo treasurer-general Danny Msiza will be losing any sleep over his future income. Court documents filed on Tuesday have revealed that in 2016, Msiza and his wife, Mmabogoshi Bellah Msiza, claimed to be cumulatively worth a little more than R164m at the end of December that year. Attached to court documents filed by Advocate Terry Motau SC on Tuesday is a statement of assets and liabilities for the couple, which was submitted to VBS in support of an application for a questionable R9.

Activist investor Elliott's top European holdings

Dec 12 (Reuters) - U.S. activist hedge fund Elliott Management announced on Wednesday that it had taken a stake in French drinks maker Pernod Ricard worth more than 930 million euros ($1.

Making headlines in South Africa today

Anglo American completes JV disposal, inflation rate and retail sales figures, uncovering Eskom's coal policy, VBS saga continues. SA's consumer price index and retail figures released today. NATIONAL NEWS - Here's what caught our attention on Wednesday: Anglo American completes disposal of 33% interest in BRPM JV Mining company Anglo American confirms that the conditions relating to the purchase of the Royal Bafokeng Platinum and Royal Bafokeng Proprietary Limited have been fulfilled.

Making headlines in South Africa today

Anglo American completes JV disposal, inflation rate and retail sales figures, uncovering Eskom's coal policy, VBS saga continues. SA's consumer price index and retail figures released today. NATIONAL NEWS - Here's what caught our attention on Wednesday: Anglo American completes disposal of 33% interest in BRPM JV Mining company Anglo American confirms that the conditions relating to the purchase of the Royal Bafokeng Platinum and Royal Bafokeng Proprietary Limited have been fulfilled.

South African start-ups are claiming their space as ground-breaking solutions for Africa

The Solution Space at the UCT Graduate School of Business, in partnership with the MTN Group, hosted the Venture Incubation Programme (VIP) Winter School Demo Day on 29 November. The VIP Winter School cohort comprised six start-ups, operating in diverse sectors. The sold-out event was attended by 120 people, including the Group General Manager for Ecosystem Development at MTN, Eero Tarjanne.

ABB confirms talks with Hitachi over power grid business

* ABB confirms in talks with Hitachi on power grids * ABB seeks to focus on other areas like automation * ABB shares rise 2.7 pct (Adds ABB statement) Dec 12 (Reuters) - ABB is in talks with Japan's Hitachi about the Swiss engineering group's power grid business, which it may sell to focus on more profitable divisions. ABB has been in talks with Hitachi, Mitsubishi Electric Corp and State Grid of China to sell all or part of the business, which makes power transformers and electricity substations, Reuters reported in November.

6 great gifts for business travellers

The Pluggage range of smart suitcases by Delsey has fingerprint ID to lock and unlock, interior lighting and speakers, and USB chargers for your devices..

6 great gifts for business travellers

If you have a loved one who is a regular business traveller, head of kulula work Dawn Weir has some ideas for clever gifts. And if you're a business traveller yourself, why not treat yourself to something that will make life on the road easier in 2019 and beyond? Cable organisers Rather than stuffing your laptop's power-cables, chargers for your devices, and headphones, you can arrange them in neat, protective bags available in a range of sizes and designs. The more compact ones will hold your tablet or smartphone too.

Calgary launches digital currency to promote small business

The city of Calgary became the first in Canada this week to offer its own digital currency, the Calgary Digital Dollar. Alberta's minister of finance Joe Ceci unveiled the currency by buying a round of coffee using the dedicated app, Global News Canada reports. The Calgary Digital Dollar is part of an initiative to promote the growth of small businesses and non-profit organisations throughout the city.

ATLATSA RESOURCES CORPORATION - Atlatsa Announces Comprehensive Restructuring and Going Private Transaction

Wrap Text Atlatsa Announces Comprehensive Restructuring and Going Private Transaction Atlatsa Resources Corporation (Incorporated in British Columbia, Canada) (Registration number 10022-2033) TSX/JSE share code: ATL ISIN: CA0494771029 ("Atlatsa" or the "Company") ATLATSA ANNOUNCES COMPREHENSIVE RESTRUCTURING AND GOING PRIVATE TRANSACTION December 12, 2018 Atlatsa Resources Corporation ("Atlatsa" or the "Company") (TSX: ATL; JSE: ATL) announces that it has entered into a suite of transaction agreements dated December 11, 2018 ("Transaction Agreements") with, inter alia, Rustenburg Platinum Mines Limited ("RPM"), a significant shareholder of Atlatsa and a wholly-owned subsidiary of Anglo American Platinum Limited ("AAP"), and Atlatsa Holdings Proprietary Limited ("ATH"), Atlatsa's majority shareholder, outlining the terms and conditions of a Composite Transaction (as defined below) to be implemented by way of a Canadian court-approved plan of arrangement ("Plan of Arrangement") under section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"). 1. BACKGROUND TO THE COMPOSITE TRANSACTION On July 21, 2017, the Company announced ("Previous Announcement") that it had entered into an agreement with AAP outlining key terms agreed in relation to a two-phased restructuring plan (the "Restructuring Plan"), comprising: • Phase 1: a care and maintenance strategy for Bokoni Mine; and • Phase 2: a financial restructuring plan for Atlatsa and its subsidiaries ("Atlatsa Group") pursuant to which, inter alia: o RPM will acquire and include into its adjacent Northern Limb mining rights, the resources specified in Atlatsa Group's Kwanda North and Central Block prospecting rights, for a cash consideration of R300 million (C$28 million) ("Prospecting Rights Purchase Consideration") ("Prospecting Rights Disposition"); o subject to implementation of the Prosp

MEDICLINIC INTERNATIONAL PLC - Tax treatment of ordinary share dividend for shareholders on the South African register

Wrap Text Tax treatment of ordinary share dividend for shareholders on the South African register Mediclinic International plc (Incorporated in England and Wales) Company Number: 08338604 LSE Share Code: MDC JSE Share Code: MEI NSX Share Code: MEP ISIN: GB00B8HX8Z88 LEI: 2138002S5BSBIZTD5I60 South African income tax number: 9950122714 ("Mediclinic", the "Company" or the "Group") 12 December 2018 TAX TREATMENT OF ORDINARY SHARE DIVIDEND FOR SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER Background Shareholders on the South African register of the Company are referred to Mediclinic's announcement of the results for the six months ended 30 September 2018 and dividend declaration released on the Stock Exchange News Service and on the Regulatory News Service on 15 November 2018, confirming that the Board of Directors of Mediclinic had declared an interim dividend from retained earnings of 3.20 pence per ordinary share for the six months ended 30 September 2018. The interim dividend will be paid on Tuesday, 18 December 2018 to all ordinary shareholders who are on the register of members at the close of business on the record date of Friday, 7 December 2018.

INVESTEC BANK LIMITED - Changes to the Board of Investec Bank Limited (the "Board")

Wrap Text Changes to the Board of Investec Bank Limited (the "Board") Investec Bank Limited Incorporated in the Republic of South Africa Registration number 1969/004763/06 JSE share code: INLP ISIN: ZAE123000048393 CHANGES TO THE BOARD OF INVESTEC BANK LIMITED (the "BOARD") Investec announces, in accordance with Section 3.59 of the JSE Limited Listing Requirements and receipt of requisite regulatory approvals, the following changes to the Board of Investec Bank Limited: Director appointment The Board is pleased to announce the appointment of Philip Alan Hourquebie as an independent non- executive director of Investec Bank Limited with effect from 12 December 2018. Philip was previously a senior partner at Ernst & Young Inc (EY) with a background in advisory services in both the private and public services.

AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - No Change Statement And Broad-Based Black Economic Empowerment Act: Annual

Wrap Text No Change Statement And Broad-Based Black Economic Empowerment Act: Annual Compliance Report AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: AEE ISIN: ZAE000195731 ("AEEI" or "the Company") NO CHANGE STATEMENT AND BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT ("THE ACT"): ANNUAL COMPLIANCE REPORT Further to the publication of the detailed results announcement on SENS on 13 November 2018, of AEEI's reviewed Group results for the year ended 31 August 2018 ("the Announcement"), AEEI advises that its 2018 abridged integrated report, which incorporates the audited condensed consolidated annual financial statements for the year, together with the full audited consolidated financial statements are available on its website: http://aeei.co.za/integrated-report/ or can be obtained from the Company's registered office, from 21 December 2018, and contains no modifications from the Announcement.

PIONEER FOOD GROUP LIMITED - Broad-Based Black Economic Empowerment Act: Annual Compliance Report

Wrap Text Broad-Based Black Economic Empowerment Act: Annual Compliance Report PIONEER FOOD GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/017676/06) Share code: PFG ISIN: ZAE000118279 ("Pioneer Foods" or "the Company") BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT ("THE ACT"): ANNUAL COMPLIANCE REPORT In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company's annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company's website at http://www.pioneerfoods.

IMPALA PLATINUM HOLDINGS LIMITED - Acquisition of securities by BlackRock Inc

Wrap Text Acquisition of securities by BlackRock Inc IMPALA PLATINUM HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1957/001979/06) JSE Share code: IMP ISIN: ZAE000083648 ADR code: IMPUY ("Implats" or the "Company") ACQUISITION OF SECURITIES BY BLACKROCK INC In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Implats has received formal notification that BlackRock Inc have, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by BlackRock Inc amounts to 5.

QUILTER PLC - PDMR dealing announcement

Wrap Text PDMR dealing announcement 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") LEI: 54930092XIVK28RZGM95 12 December 2018 Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs") The Company announces the following transactions by PDMRs. 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Mark Satchel 2 Reason for the notification a) Position/status Corporate Finance Director, Person Discharging Managerial Responsibilities b) Initial notification/Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Quilter plc b) LEI 54930092XIVK28RZGM95 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, Ordinary shares with a nominal value of £0.07 each ("Shares") type of instrument Identification code GB00BDCXV269 b) Nature of the transaction i) Acquisition of Shares following market purchase ii) Lifting of forfeiture restrictions attached to Shares awarded under the Old Mutual Wealth Joint Share Ownership Plan 2015 c) Price(s) and volume(s) Price(s) Volume(s)

Well-fitted clothing just one aspect of Exxaro's Women in Mining mandate

"Nothing fits" has long been the lament of women working in male-dominated environments such as mining. So, Exxaro has redesigned its personal protective equipment (PPE) clothing as just one initiative undertaken by the company's Women in Mining (WIM) committees to attract more women to mining and empower the females in the industry. Women represent only 13% of the mining labour force of 464 667, according to the Minerals Council South Africa.

Creative writing workshop with Bronwyn Law-Viljoen (25-30 January 2019)

by Mila on Dec 12th, 2018 Tweet The Talking Table is hosting a creative writing workshop presented by Bronwyn Law-Viljoen! The workshop will take place from 25-30 January in the eastern Free State village of Rosendal. Facilitator: Bronwyn Law-Viljoen (novelist and head of creative writing at Wits) Dates: 25-30 January 2019 Venue: DeTuinen country lodge in Rosendal, Eastern Free State Progamme: A practical, playful, hands-on approach. Full programme at www.

THE TOP 10 GOOGLE SEARCHES FROM MZANZI IN 2018

Google South Africa has just released the top searches in the country over the past year. The list is dominated by questions on music stars and royals: specifically, how old they are - or how they died. These were the top 10 most-searched questions by South Africans on Google in 2018 1.

Afghanistan: Women Meet to Launch Advocacy Campaign for Women in the Peace Process [EN/Dari]

Source: US Agency for International Development, Government of Afghanistan Country: Afghanistan Kabul, Afghanistan - More than 75 women members of Provincial Peace Councils (PPCs) met in Kabul today to plot a strategy to advocate for the interests of women in the peace process. Over 120 Promote Musharikat "Women in Peace" Coalition activists and influential religious leaders joined the conversation to review how women will be linked and consulted in the process, to assess PPC members' negotiation and collaboration skills, and to plan how to most effectively advocate for women's interests. After a two-day working session, the participants presented their national campaign plan to senior stakeholders at the Government Media and Information Center (GMIC).

Zambia's Chamber Of Mines Sees 21,000 Job Cuts Due To Higher Taxes

Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.

Enable meaningful participation, pleads Women in Mining chair

JOHANNESBURG (miningweekly.com) - The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration - a surface exploration drilling company that is currently the only 100% black women owned drilling company in South Africa - outlines the potential for significant improvement ahead of the charter's finalisation to ensure that the historic and present inequalities suffered by women in the industry are redressed.

AYO rejects defamatory weekend reports

AYO has been the victim of repeated slander from a number of individuals and media houses over the past 12-months or so..

Anheuser-Busch InBev credit rating cut by Moody's

FILE PHOTO: A man serves a beer as Anheuser-Busch InBev workers distribute beer for free at the entrance of the company's plant in Jupille INTERNATIONAL - Anheuser-Busch InBev NV's credit rating was cut to the lowest tier of investment grade by Moody's Investors Service, which warned that the brewer was struggling to whittle its $100 billion (R1.4trillion) debt load.  Moody's lowered AB InBev's senior unsecured debt ratings to Baa1 from A3, putting the world's largest beer-maker three steps from junk, the ratings firm said on Monday.

Magda Wierzycka stays silent over attempted extortion charges

JOHANNESBURG - CEO of Sygnia Limited, Magda Wierzycka, who had a charge of attempted extortion laid against her by AEEI and its CEO, Khalid Abdulla, on Tuesday declined to comment on the allegations levelled against her.  Sygnia Limited is an asset management company listed on the JSE. Business Report Online contacted Sygnia in an attempt to get a comment from Wierzycka regarding the allegations and were told that while Sygnia is aware of the allegations, they were not willing to comment at this time.

AYO rejects defamatory weekend reports

Dr Wallace Mgoqi, chairperson of the board of AYO Technology Solutions. File Photo: IOL CAPE TOWN - AYO Technology Solutions Limited (AYO) rejects with contempt the defamatory and malicious content that was reported on in several articles that appeared in the media over this past weekend. These articles appear to be part of an attempt by competitors to deliberately undermine the Sekunjalo Group and in particular INMSA and  AYO.

Britain's FTSE rises on hopes of trade war truce as Brexit turmoil worsens

* FTSE 100 up 1.1 pct; FTSE 250 up 0.7 pct * PM May faces leadership challenge * Superdry and Dixons dent confidence in retail sector * Dublin bourse in the red amid Brexit fears (Adding detail, updating prices) By Josephine Mason LONDON, Dec 12 (Reuters) - UK blue-chip shares rose on Wednesday led by mining and oil stocks as investors welcomed conciliatory signs in the protracted trade row between Washington and Beijing, offsetting worries over deepening political chaos at home.

WATCH: Stock pick —Richemont

Nesan Nair from Sasfin Securities talks to Business Day TV about Richemont, his stock pick of the day.

Enable meaningful participation, pleads Women in Mining chair

JOHANNESBURG (miningweekly.com) - The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi . Soweto-born Nakedi, who owns Gubhani Exploration - a surface exploration drilling company that is currently the only 100% black female owned drilling company in South Africa - outlines the potential for significant improvement ahead of the charter's finalisation to ensure that the historic and present inequalities suffered by women in the industry are redressed.

AYO rejects defamatory weekend reports

AYO has been the victim of repeated slander from a number of individuals and media houses over the past 12-months or so..

Coca-Cola Khaya Majola cricket week bats-off in ‘Mother City'

THE ANNUAL Coca-Cola Khaya Majola cricket week commences this week in Cape Town. The long week tourney will see 15 teams country-wide partaking from December 16 to 20. It plays an important part in Cricket South Africa's (CSA) talent identification process.

Your bookshelf: this month's best buys

Switch to Afrikaans Time to pick up a book! Glamour & hedonism The Hunters by Kat Gordon (R327, HarperCollins) An engrossing novel for anyone fascinated by the era of White Mischief and Out Of Africa . This riveting coming-of-age story is set in Kenya during the roaring 1920s and '30s. Theo Miller is 14 when he moves to Kenya with his parents and sister, Maud.

Were corrupt officials behind Eskom's policy of coal from 51% black-owned mines?

When Eskom's chairman Jabu Mabuza stated that everybody is to blame for the current load shedding last week, there was quite a reaction. The week before, at Eskom's interim results presentation, he made another strange statement that went mostly unnoticed. Mabuza told journalists and analysts that Eskom doesn't have a policy that coal suppliers must be majority black-owned.

Local entrepreneurs rewarded for success

FIVE finalists of SAB's youth entrepreneurship development programme, SAB KickStart Boost, were recognised for their success at a ceremony on November 28 and two of the finalists hail from Port Elizabeth. Ebenezer Smith (34) and Violet Thotoane Lupuwana (32) received the awards for first and third place, respectively, for their success at executing their business strategy most effectively during the duration of the programme, as well as their ability to apply methods of scaling and creating jobs. SAB KickStart is one of the country's longest-running and most successful youth development programmes.

These were the top 10 Google searches in South Africa in 2018

(Google) Google South Africa has just released the top searches in the country over the past year. The list is dominated by questions on music stars and royals: specifically, how old they are - or how they died. These were the top 10 most-searched questions by South Africans on Google in 2018 1.

Don't Miss The Savannah Summer Splash Festival 2018 at Harties Harbour

What Is It? Join in on the fun and excitement this festive season at Harties Harbour, as they'll be hosting an amazing 10-day festival which promises visitors the ultimate summer entertainment in Harties. This is just what you and your family deserve after a long, busy and challenging year. You can expect all the summer fun under the sun, from awesome live music, swimming pools and water slides to boat cruises, braais and so much more.

Magda Wierzycka says Iqbal Surve charges a decoy to hide truths

Sygnia CEO says charges are laughable. AEEI and its CEO, Khalid Abdulla, laid a charge on Tuesday against the CEO of listed asset manager Sygnia for alleged extortion. The charge follows after she allegedly approached Abdulla to buy back shares owned by the group at a substantially lower price.

MINE GIRLS GIVE UP SELLING SEX!

THE young girls who were selling their bodies at the now closed Sibanye Gold Cooke 3 mine shaft have stopped going to the mine. Daily Sun reported last month that girls as young as 13 in Bekkersdal, Rand West City, were selling their bodies to mine workers, security guards and zama zamas at the hostel there. The girls would drop off their books at home after school, put on short skirts and go to the nearest mine to sell their bodies.

Driving superior guest experiences in hospitality

- 10:06 Thanks to Industry 4.0, globalisation and rapid digitalisation, today's consumers are very connected and mobile. How does this impact the hospitality industry? According to an Infor report, in 2016, 52% of all travel reservations were made online, with 65% of same-day hotel reservations made from a smartphone.

Yvonne Lester from Rupert & Rothschild: The Merlot Play-Maker

Yvonne Lester, committee member of the Merlot Forum - also known as Hallo Merlot! - and head winemaker at Rupert & Rothschild Vignerons, talks about her career and Merlot. Where did you study wine-making and why did you choose this career? I did a BSc. with Oenology and Viticulture at the University of Stellenbosch.

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt. | LUSAKA - Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday.

Zambia's chamber of mines sees 21 000 job cuts due to higher taxes

Mining companies in Zambia may lay off more than 21 000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.

Amplats says completes disposal of 33% interest in BRPM joint venture

Anglo American Platinum said its Rustenburg Platinum Mines completed the disposal of its 33% interest in Bafokeng Rasimone Mine. Supplied JOHANNESBURG  - Anglo American Platinum said on Wednesday its wholly-owned subsidiary Rustenburg Platinum Mines (RPM) had completed the disposal of its 33 percent interest in the Bafokeng Rasimone Platinum Mine joint venture after all conditions for the sale and purchase agreement with Royal Bafokeng Platinum (RBPlat) and Royal Bafokeng Resources were been fulfilled.  The total purchase consideration is comprised of R1.

Naspers's stake in Tencent Music is worth a Tiger Brands

Tencent Music will debut at a valuation of about $21.3bn (R305bn) on Wednesday Naspers's stake in Tencent Music Entertainment Group is worth nearly the same as Tiger Brands' entire market value, going by the Chinese music streaming service's initial public offering (IPO) in the US on Tuesday. "The size and scale of Tencent Music is very impressive — through its stake in Tencent, Naspers will have at least 16% exposure to this fabulous business," Vestact portfolio manager Byron Lotter said in a note to clients on Wednesday.

Magda Wierzycka on why she suing Iqbal Surve

Says charges are laughable. Sygnia CEO, Magda Wierzycka, says charges of attempted extortion laid against her by AEEI, the majority shareholder in Sekunjalo Investments, are laughable and nothing but a PR stunt to distract attention from what is really going at one of its companies, AYO Technologies. This comes after AEEI and its CEO, Khalid Abdulla, laid a charge of attempted extortion against Wierzycka, accusing her of wanting to buy back shares owned by the group at a substantially lower, failing which she apparently threatened to continue writing negative stories about Sekunjalo.

WATCH: Stock pick —Richemont

Nesan Nair from Sasfin Securities chose Richemont as his stock pick of the day. "Richemont has been beaten down quite a lot but they have a fantastic selection of brands and they're a good barometer of the global economy," he says..

WATCH: How Alexander Forbes slipped into a loss

Financial services company Alexander Forbes has slipped into an interim loss, largely due to an impairment of a software development project and a contract termination cost. Headline earnings per share (HEPS) are down 23%, while profit from continuing operations plunged 115%. Operating income increased by 6%.

Enjoy a Flavour-Packed Summer at Nederburg

Nederburg in Paarl is ready for a sensational summer, with a range of flavourful offerings you'll adore. The Red Table restaurant, situated in Nederburg's historic manor house, has just launched a fresh, new summer menu, crafted by their new head chef Lisa Cilliers. Cilliers has previously worked at The Red Table as chef de partie, having held that position for three years before taking on an opportunity to work as sous chef at The Polo Club Restaurant at Val de Vie Estate.

Alexander Forbes CEO on losses and the future

‘The longer-term horizon for Alexander Forbes is good, but we will still see some bumps ahead.' CEO of Alexander Forbes, Dawie de Villiers talks to Classic Business Breakfast with Moneyweb about the company's turnaround plan and how it plans to recover from losses..

Fashion deep dive gives Poundland Christmas cheer

Poundland has received a big boost from its major move into the clothing sector and despite the problems at its South African parent company, its fourth quarter (the three months to September 30) and full-year were strong. Poundland/Pep & Co In a trading update, Pepkor Europe, which also runs the Pepco and Dealz chains in Europe, said Q4 revenues were up 12.9%, an acceleration on the 10.

Tencent Music sets $1.1bn IPO as the market dances around

Succumbing to global market turbulence, China's largest music-streaming service, backed by Naspers's 31%-owned Tencent, sold 82-million American depositary shares at $13 apiece Hong Kong — Tencent Music Entertainment Group and existing investors raised about $1.1bn after pricing a US initial public offering (IPO) at the bottom of a marketed range, succumbing to the same global market turbulence that's sapped enthusiasm for stock debuts. China's largest music-streaming service, which is backed by Naspers's 31%-owned Tencent, and current holders sold 82-million American depositary shares at $13 apiece, according to a statement.

EMERGING MARKETS-Asia leads emerging stocks higher as trade tensions ease

* Huawei news, trade relief helps EM stocks * Indian stocks upbeat on new c.bank chief * S. Africa markets, currency gain after inflation data By Agamoni Ghosh and Sruthi Shankar Dec 12 (Reuters) - Asian stock markets led gains in emerging markets on Wednesday as signs of an easing of U.

GLOBAL MARKETS-Stocks cheered by Trump trade talk; sterling claws off lows

* Trump says trade talks ongoing with China, could act on Huawei * Asia, Europe stocks push higher * Pound rises off 20-mth low as British PM faces party challenge * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh By Marc Jones LONDON, Dec 12 (Reuters) - Stock markets rallied on Wednesday as U.S.

Markets head towards sour ending for 2018

Trade tensions likely to remain a defining feature going into 2019. Hopes of a pre-Christmas rally on global equity markets were dashed last week. The optimism around a thawing in US-China trade relations following the G20 Summit in Buenos Aires lasted barely a day before it became clear that there was widespread confusion over what exactly the two countries agreed to.

Middendorp Compares Chiefs To Dortmund, Reveals ‘Unfinished Business'

Ernst Middendorp says that he didn't need any time to consider whether to return to Kaizer Chiefs, adding that the club's facilities compare to that of Borussia Dortmund.  Read: Bafana Star Back After Injury Nightmare The 60-year-old former Maritzburg United head coach was announced by Chiefs last week as they brought him back for another bite of the cherry at the club, and he is set to take his place on the bench for the first time tonight as they come up against SuperSport United.   Chiefs wasted no time in bringing Middendorp on board after parting ways with Giovanni Solinas on the same day that their new coach was announced, and the ex-Free State Stars man admits that he felt he had some ‘unfinished business' in Soweto.

Take total control of all your business endpoints with enhanced security

Businesses need to have sight and control of the potential risks of vulnerable endpoints With growing agility and flexibility on network access, businesses require open and digitally transformed smart platforms that aid in the rapid adoption of the mobile, and smart office. It's about keeping up with the pace of technology or face the reality of stagnating. Yet, digitisation of the business makes IT infrastructures more complex and blurs the boundaries of the corporate perimeter, which poses a massive security risk to the business and the data it holds, as all businesses have sensitive data that must be kept safe.

6 tips to prevent online fraud from sinking your business

The success of the recent Black Friday and Cyber Monday weekend is testament to the opportunity offered by digital commerce. But local entrepreneurs should not underestimate the threat of online fraud, which has the potential to ruin an unsuspecting business. ©Igor Stevanovic via 123RFThe introduction of the 3D Secure authentication security developed by the Card Schemes has lowered the risk for merchants and boosted buyer confidence.

Brexit anxiety grips business amid leadership crisis

UK companies are fretting over the prospect of a no-deal departure from the European Union, with the government on the brink of collapse and Brexit negotiations likely delayed into the new year. Facing defeat on her Brexit accord, Prime Minister Theresa May this week postponed a vote on the plan, fuelling a revolt within the Conservative party set to culminate with a no-confidence test on Wednesday evening. A loss for May would risk a further time lag on Brexit, pushing the talks onto the back burner until the leadership question was settled.

Contemporary philanthropy is about applying a business mind to causes

Firoz Ladak, CEO of the Edmond De Rothschild Foundation, at an exclusive press conference in Cape Town. CAPE TOWN - The Rothschilds have done what nobody else could, bankrolling the Suez Canal and helping establish entire countries and newly independent states. They've financed many sectors for generations; built public libraries, orphanages and hospitals, homes for the elderly, education and social housing.

UPDATE 1-Hitachi nears $7 bln deal to buy ABB's power grid business - Nikkei

(Adds background) Dec 12 (Reuters) - Japan's Hitachi Ltd is close to agreeing a deal to buy Switzerland based ABB Ltd's power grid business for about 800 billion yen ($7.1 billion), the Nikkei business daily reported on Wednesday. Hitachi's board confirmed a plan to move forward with the deal, which would be the Japanese industrial conglomerate's largest-ever acquisition, the Nikkei reported here A Hitachi spokesman said the company did not make any announcement and declined to comment further.

Say yes to business

A big driver for local companies to get involved in the Youth Employment Service (YES) is the opportunity to claim BEE benefits for offering one year of employment to people between the ages of 18 to 35 years. YES is a business-led initiative that tries to address youth unemployment. There are an estimated 17 million youth in the country, of which about 35% or about 6 million are unemployed.

Hitachi nears deal to buy ABB's power grid business - Nikkei

Dec 12 (Reuters) - Hitachi Ltd is in final stages of talks to buy Switzerland based ABB Ltd's power grid business for about 800 billion yen ($7.05 billion), the Nikkei business daily reported on Wednesday. Hitachi's board confirmed plans to move forward with the deal, which would be the Japanese industrial conglomerate's largest-ever acquisition, the Nikkei reported here ABB had been in talks with Hitachi and Mitsubishi Electric Corp to sell all or part of its power grids business, Reuters reported in November.

Top 5 tips to choosing a data management partner for your business

Data management is a critical aspect for businesses today, given data's status as being an organisation's most valuable asset. As such, choosing the right data management provider is so much more than price or package - you need a partner that can be trusted to effectively manage your organisation's data, freeing you up to focus on your core business. In order to choose a data management provider, you should take a step back and review how your business prioritises data.

Davies to launch revised business process services incentive scheme

Trade and Industry Minister Dr Rob Davies will, on Friday, launch the revised Global Business Process Services Incentive Scheme, while on a trip to London, in the UK. The launch of the revised incentive further supports and enhances South Africa's value proposition, catalysing new investments in this sector and supporting employment opportunities for South Africans. South Africa's industrial policy action plan has identified the business process services sector as a key contributor to economic growth and job creation.

Markets to end the year on sour note?

Will trade tensions continue to feature in the new year? Hopes of a pre-Christmas rally on global equity markets were dashed last week. The optimism around a thawing in US-China trade relations following the G20 Summit in Buenos Aires lasted barely a day before it became clear that there was widespread confusion over what exactly the two countries agreed to. US President Trump's message that "I am a tariff man" then set the cat properly among the pigeons.

2018 equity markets in review

Amid substandard opposition, resource stocks emerge as a dark horse As at 30 November 2018, equities - as an asset class, based on the FTSE/JSE All Share Index (Alsi) total return - have returned -12.26% year-to-date. Achieving a negative return is always a bitter pill for investors to swallow; however, after comparing equities to some other asset classes, it becomes more of a bitter brick to swallow.

South Africa's mining production increases 0.5% y/y - Stats SA

11TH DECEMBER 2018 BY: TASNEEM BULBULIA Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA). Production of PGMs, which occupy the second-highest weighting in the minerals basket at 23.

Stars thump the Spartans to book a home play-off

A 118-run partnership between Rassie van der Dussen and Dan Christian booked the Jozi Stars a ticket to the Mzansi Super League play-offs with a comfortable 101-run bonus-point victory over the Tshwane Spartans at the Wanderers on Tuesday. Both hit half-centuries - the Australian recording the fastest one of the competition from only 18 balls - as the hosts piled on a record score of 239 for three. Nono Pongolo then produced the best bowling figures of the MSL T20 when he bagged six for 20, also his best career figures, as the Spartans were flattened for 138 in 17.

Britain's FTSE rises as international stocks gain amid Brexit turmoil

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.4 pct; FTSE 250 up 0.1 pct * PM May faces leadership challenge * Superdry and Dixons dent confidence in retail sector LONDON, Dec 12 (Reuters) - UK blue-chip shares were slightly higher on Wednesday on gains in British American Tobacco, Rolls Royce and companies with international earnings, as political chaos deepened following a leadership challenge to Prime Minister Theresa May.

Amplats finalises R1.8bn Bafokeng Rasimone JV interest sale to RBPlat

Anglo American Platinum's (Amplats') subsidiary Rustenburg Platinum Mines (RPM) has completed the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (JV) to Royal Bafokeng Platinum (RBPlat) and Royal Bafokeng Resources (RBR). RBR took ownership of the operation on December 11. The purchase consideration comprised R1.

Positive US-China trade news lifts JSE

Signs of compromise between the two largest economies have boosted global equities, with local banks faring best amid broad-based gains Clear signs of compromise between the US and China in their ongoing trade dispute lifted the JSE on Wednesday morning, with the local bourse extending gains from its recovery on Tuesday. China's top trade negotiator has reportedly told US officials that China will reduce vehicle tariffs and resume soyabean purchases, raising hopes that issues can be settled ahead of a March 1 deadline. Asian and European markets pushed higher, with the JSE following suit, led by Naspers and banks.

Top ANC Man Danny Msiza & His R164 Million Empire

While his political future seems uncertain, it does not appear as if former ANC Limpopo treasurer-general Danny Msiza will be losing any sleep over his future income. Court documents filed on Tuesday have revealed that in 2016, Msiza and his wife, Mmabogoshi Bellah Msiza, claimed to be cumulatively worth a little more than R164-million at the end of December that year. Attached to court documents filed by Advocate Terry Motau SC on Tuesday is a statement of assets and liabilities for the couple, which was submitted to VBS in support of an application for a questionable R9.

Survé breaks silence on Ayo scandal by attacking Wierzycka

The latest attack on Sygnia CEO Magda Wierzycka in Iqbal Survé's newspapers is based on a story from brother-in-law Khalid Abdulla After days of uncharacteristic silence following the leaked resignation letter from Ayo executives covered in the weekend newspapers, Iqbal Survé's newspapers have hit out at Sygnia CEO Magda Wierzycka via Survé's brother-in-law, Khalid Abdulla. On Tuesday, Survé's Business Report carried an article based on an affidavit written by Abdula, who is CEO of Survé's investment holding company, African Equity Empowerment Investments (AEEI). Abdula alleges that Wierzycka "threatened to continue to write negative stories about Sekunjalo, AEEI and its associated company, Ayo Technology Solutions" unless they sold their Sygnia shares back to her at a discount.

GLENCORE PLC - GLN - Transactions in own shares 11 December 2018

Wrap Text GLN - Transactions in own shares - 11 December 2018 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 12 December, 2018 Transactions in own shares - 11 December 2018 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 11 December 2018 Aggregate number of ordinary shares of USD 0.

HAMMERSON PLC - Transaction in Own Shares

Wrap Text Transaction in Own Shares Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 ("Hammerson" or "the Company") Transaction in Own Shares 12 December 2018 The Company announces that on 11 December 2018, in accordance with the authority given to the Company by its shareholders and pursuant to a share repurchase programme, it purchased for cancellation from J.P. Morgan Securities plc the following ordinary shares: Highest Lowest VWAP No.

MEDICLINIC INTERNATIONAL PLC - Mediclinic Middle East site visit

Wrap Text Mediclinic Middle East site visit Mediclinic International plc (Incorporated in England and Wales) Company Number: 08338604 LSE Share Code: MDC JSE Share Code: MEI NSX Share Code: MEP ISIN: GB00B8HX8Z88 LEI: 2138002S5BSBIZTD5I60 ("Mediclinic", the "Company" or the "Group") 12 December 2018 Mediclinic Middle East Site Visit Mediclinic International plc, the international private healthcare services group, will host a site visit for analysts and institutional investors in Abu Dhabi and Dubai today, 12 December 2018, and tomorrow, 13 December 2018. David Hadley, Mediclinic Middle East CEO, will briefly present an overview of the division focusing on the following key areas: - Mediclinic's position as a leading private healthcare provider in the UAE - Attractive long-term market fundamentals in the UAE - Delivery of superior international standards in patient experience and clinical excellence - Expansion opportunities and sustainable long-term growth - Future plans across the continuum of care Guidance for Mediclinic Middle East remains unchanged. The division expects to deliver FY19 revenue growth (adjusted for the adoption of IFRS 15) in the high single-digit percentage range reflecting the underlying operating performance of the business and additional bed capacity coming online in the second half of the year.

KIBO ENERGY PLC - Renewed MOU with Mozambican state-owned electric utility EDM

Wrap Text Renewed MOU with Mozambican state-owned electric utility EDM Kibo Energy PLC (Incorporated in Ireland) (Registration Number: 451931) (External registration number: 2011/007371/10) Share code on the JSE Limited: KBO Share code on the AIM: KIBO ISIN: IE00B97C0C31 ("Kibo" or "the Company") Dated: 12 December 2018 Kibo Energy PLC (‘Kibo' or the ‘Company') Renewed MOU with Mozambican state-owned electric utility EDM Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused energy company, is pleased to announce that it has renewed and expanded its Memorandum of Understanding (‘MOU') with Mozambican state-owned electric utility, Electricidade de Mocambique (‘EDM'), to advance the financing, construction and operation of the Benga Independent Power Project (‘Benga' or ‘the Project') in Mozambique. Highlights *EDM committing to assist and co-operate towards the successful development of Benga in Mozambique *Full feasibility study on Benga ahead of schedule and progressing well, designed to confirm its commercial and operational viability *Strong local stakeholder support for Benga with energy supply a major Government priority in the development of the country Louis Coetzee, CEO of Kibo Mining, said: "We continue to make excellent progress in Mozambique with the development of Benga advancing according to plan. The renewal and expansion of this MOU with EDM is demonstrative of the significant local stakeholder support for the Project and we look forward to 2019 with confidence.

ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum completes disposal of 33% interest in the BRPM joint venture

Wrap Text Anglo American Platinum completes disposal of 33% interest in the BRPM joint venture ANGLO AMERICAN PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1946/022452/06) Share Code: AMS ISIN: ZAE000013181 ("Anglo American Platinum" or "the Company") Anglo American Platinum completes disposal of 33% interest in the BRPM joint venture Anglo American Platinum announces that all conditions precedent to the sale and purchase agreement with Royal Bafokeng Platinum Limited ("RBPlat") and Royal Bafokeng Resources Proprietary Limited ("RBR") have been fulfilled. The Company's wholly-owned subsidiary, Rustenburg Platinum Mines Limited ("RPM") has therefore completed the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture ("BRPM JV") (the "Transaction"), with effect from 11 December 2018 ("Completion Date"). Accordingly, RBR took over full ownership of the operation on the Completion Date.

ROYAL BAFOKENG PLATINUM LIMITED - Acquisition by RBPlat of the remaining 33% interest in the BRPM JV becomes unconditional

Wrap Text Acquisition by RBPlat of the remaining 33% interest in the BRPM JV becomes unconditional ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 Company code: RBPD Bond code: RBPCB ISIN: ZAE000243853 ("RBPlat" or "the Company") ACQUISITION BY RBPLAT OF THE REMAINING 33% INTEREST IN THE BRPM JV BECOMES UNCONDITIONAL Security holders are referred to the various announcements released by the Company on SENS, the last of which was dated 25 September 2018, in terms of which the Company advised security holders that its wholly-owned subsidiary, Royal Bafokeng Resources Proprietary Limited ("RBR"), had entered into an agreement with Rustenburg Platinum Mines Limited ("RPM"), a wholly-owned subsidiary of Anglo American Platinum Limited, in terms of which RBR will, in a two-phased transaction, acquire the balance of the 33% interest in the Bafokeng Rasimone Platinum Mine Joint Venture ("BRPM JV") ("RPM Participation Interest") from RPM ("the Transaction"). The board of directors of RBPlat ("the Board") is pleased to advise security holders that all conditions precedent to phase I of the Transaction have now been fulfilled and accordingly with effect from 11 December 2018, the risks and rewards of ownership have passed to RBR in respect of the RPM Participation Interest, including full title in respect of all assets owned by RPM, the use of which it had contributed to the BRPM JV, other than RPM's 33% undivided interest in the mining rights attributable to the BRPM JV. Phase II of the Transaction, in terms of which RBR shall acquire full title in respect of RPM's 33% undivided interest in the mining rights attributable to the BRPM JV which entails consolidating the 33% participation interest with the 67% held by RBR in the mining right, remains subject to approval of the Transaction by the Department of Mineral Resources in terms of section 11 of the Mineral and Petroleum Resources Developm

Man hospitalized after being hit by train

A man was transported to Groote Schuur Hospital with serious injuries after being hit by a train near Southfield on Tuesday. As reported by Netwerk24, the man had been attempting to cross the railway line illegally. Life Healthcare paramedics, ER24 paramedics and the fire brigade all responded to the incident.

2018 equity markets in review

Amid substandard opposition, resource stocks emerge as a dark horse As at 30 November 2018, equities - as an asset class, based on the FTSE/JSE All Share Index (Alsi) total return - have returned -12.26% year-to-date. Achieving a negative return is always a bitter pill for investors to swallow; however, after comparing equities to some other asset classes, it becomes more of a bitter brick to swallow.

Base metals gain slightly amid U.S.-China trade hopes

(Updates prices; recasts throughout) By Mai Nguyen HANOI, Dec 12 (Reuters) - Base metals were mostly up in a tight range on Wednesday, following U.S. President Donald Trump's upbeat comments about a trade deal with China, while the dollar held near a one-month peak against its peers.

British American Tobacco stands by full-year target

(Adds details) LONDON, Dec 12 (Reuters) - British American Tobacco , the world's second-biggest international tobacco company by revenue, stood by its full-year forecast on Wednesday. The maker of Lucky Strike and Dunhill cigarettes said it still plans to exceed its target for high single-digit growth in adjusted earnings per share for 2018, excluding a currency impact of around 6 percent. Adjusted revenue and operating profit growth will be weighted toward the second half of the year, it said, fueled by market share gains in cigarettes and growth in e-cigarettes and tobacco-heating devices.

‘Very few shining stars in the galaxy of stocks this past year'

equities, as an asset class, based on the FTSE/JSE All Share Index (Alsi) total return, have returned -12.26% year-to-date. Achieving a negative return is always a bitter pill for investors to swallow; however, after comparing equities to some other asset classes, it becomes more of a bitter brick to swallow.

Plan to reinvigorate Alexander Forbes

Alexander Forbes. Photo: Africa news agency. JOHANNESBURG - Alexander Forbes new chief executive Dawie de Villiers has given himself until March to come up with a new blueprint to reinvigorate the company after its profit from continuing operations plunged 115percent in the six months ended September on the back of a failed IT upgrade project.

7 things you need to know today

EOH Chief executive Stephen van Coller said yesterday that the key objectives in the next year would be restoring value through enhanced internal processes and policies while ensuring adequate funding to deliver the growth plan. CAPE TOWN - Good morning. This is all the latest business news that you need to know today.

UPDATE 1-UK Stocks-Factors to watch on Dec. 12

(Adds company news items and futures) Dec 12 (Reuters) - Britain's FTSE 100 index is seen opening 56 points higher at 6,863 on Wednesday, according to financial bookmakers, with FTSE 100 futures up 0.18 percent ahead of the cash market open. * BATS: British American Tobacco, the world's second-biggest international tobacco company by revenue, stood by its full-year forecast on Wednesday.

South Africa could introduce bank account portability: report

South African banking customers could one day switch banks and keep the same account details - in the same way they are able to switch mobile networks while keeping their numbers. This is one of the plans under consideration by the Reserve Bank, according to deputy governor, Kuben Naidoo, in an interview with Business Day . 2019 will see a flurry of new banks open in South Africa, with many in the late stages of testing.

UPDATE 1-British American Tobacco stands by full-year target

(Adds details) LONDON, Dec 12 (Reuters) - British American Tobacco , the world's second-biggest international tobacco company by revenue, stood by its full-year forecast on Wednesday. The maker of Lucky Strike and Dunhill cigarettes said it still plans to exceed its target for high single-digit growth in adjusted earnings per share for 2018, excluding a currency impact of around 6 percent. Adjusted revenue and operating profit growth will be weighted toward the second half of the year, it said, fueled by market share gains in cigarettes and growth in e-cigarettes and tobacco-heating devices.

Man severely injured after being hit by train in Cape Town

A man, believed to be in his 50s, was left critically injured when he was hit by a train near the Southfield Station in Cape Town on Tuesday.  ER24 paramedics, along with Life Healthcare, arrived on the scene to find the fire services already in attendance. On closer inspection, paramedics found the man lying next to the tracks.

Amplats completes disposal of 33 pct stake in BRPM joint venture

JOHANNESBURG, December 12 (ANA) - Anglo American Platinum said on Wednesday its wholly-owned subsidiary Rustenburg Platinum Mines (RPM) had completed the disposal of its 33 percent interest in the Bafokeng Rasimone Platinum Mine joint venture after all conditions for the sale and purchase agreement with Royal Bafokeng Platinum (RBPlat) and Royal Bafokeng Resources were been fulfilled. .

Plan to reinvigorate Alexander Forbes

New chief Dawie de Villiers sets himself a deadline to set the company on revival path following plunge in profit..

British American Tobacco stands by full-year target

LONDON, Dec 12 (Reuters) - British American Tobacco , the world's second-biggest international tobacco company by revenue, stood by its full-year forecast on Wednesday. The maker of Lucky Strike and Dunhill cigarettes said it still plans to exceed its target for high single-digit growth in adjusted earnings per share for 2018, excluding a currency impact of around 6 percent. The company said adjusted revenue and operating profit growth would be weighted toward the second half of the year.

Amplats completes exit from BRPM for R2.2bn

Anglo American Platinum continues its exit from noncore assets by finalising the sale of its remaining stake in the joint venture Anglo American Platinum (Amplats) continued its exit from noncore assets by finalising the sale of its remaining stake in the Bafokeng Rasimone Platinum Mine (BRPM) joint venture for nearly R2.2bn. Amplats was the partner in BRPM with Royal Bafokeng Platinum (RBPlat), which is buying its partner's 33% stake in the joint venture.

Top ANC man Danny Msiza & his R164 million empire

While his political future seems uncertain, it does not appear as if former ANC Limpopo treasurer-general Danny Msiza will be losing any sleep over his future income. Court documents filed on Tuesday have revealed that in 2016, Msiza and his wife, Mmabogoshi Bellah Msiza, claimed to be cumulatively worth a little more than R164-million at the end of December that year. Attached to court documents filed by Advocate Terry Motau SC on Tuesday is a statement of assets and liabilities for the couple, which was submitted to VBS in support of an application for a questionable R9.

Tencent Music IPO may cheer JSE

Inflation is expected to have remained flat in November while retail sales are expected to have picked up in October Brexit jitters saw the rand back under R18/£ on Wednesday morning, but it remained well over R14/$ and R16/€. The pound's woes following the UK's decision to leave the EU is illustrated by the rand strengthening from over R24/£ before the referendum in 2016 to about R15.50/£ in its aftermath.

SA's rand firms

Journalist Nomvelo Chalumbira and Patricia Aruo, Reuters | Wednesday, 12 December 2018, 07:38 South Africa's manufacturing output rose more than expected in October to its highest level since June 2016, data showed on Tuesday, lifting the rand as the economy showed further signs of recovery. BUSINESS NEWS - The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a dollar rally. The rand ZAR=D3 was trading at 14.

SA's rand firms

Journalist Nomvelo Chalumbira and Patricia Aruo, Reuters | Wednesday, 12 December 2018, 07:38 South Africa's manufacturing output rose more than expected in October to its highest level since June 2016, data showed on Tuesday, lifting the rand as the economy showed further signs of recovery. BUSINESS NEWS - The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a dollar rally. The rand ZAR=D3 was trading at 14.

UK Stocks-Factors to watch on Dec. 12

Britain's FTSE 100 index is seen opening 56 points higher at 6,863 on Wednesday, according to financial bookmakers. * INTERSERVE: Britain's government will continue granting contracts to Interserve Plc as the debt-laden outsourcing company battles to avoid a Carillion-style collapse, the Financial Times reported on Tuesday. * WM MORRISON SUPERMARKETS: WM Morrisons shares jumped on Tuesday as traders cited market rumours that the UK supermarket chain could be subject to a takeover approach by U.

METALS-Most base metals trade in tight range amid Sino-US trade hopes

(Adds details; updates prices) By Mai Nguyen HANOI, Dec 12 (Reuters) - Most base metals traded in a tight range early on Wednesday as U.S. President Donald Trump sounded optimistic about a trade deal with China, while the dollar held near a one-month peak against its peers.

The curious case of Jabu Mabuza and Eskom's coal policy

When Eskom chairman Jabu Mabuza last week stated that everybody is to blame for the current load shedding, there was quite a reaction. The week before, at Eskom's interim results presentation, he made another strange statement that went mostly unnoticed. Mabuza told journalists and analysts that Eskom doesn't have a policy that coal suppliers must be majority black-owned.

Sygnia's Magda Wierzycka to sue Iqbal Survé again after charges laid against her

AEEI and Khalid Abdulla, its CEO, has laid a charge of attempted extortion against Sygnia Limited CEO Magda Wierzycka. Abdulla alleges that Wierzycka approached him to buy back the shares that he and AEEI (the majority shareholder in Dr Iqbal Survé's Sekunjalo Investment Holdings) have in Sygnia at a substantially lower price. I'm already suing Iqbal and Independent Media for defamation related to previous articles.

Flanagan thrilled with first Roof podium

Kyle Flanagan is savouring the sweet emotion of landing his maiden Motul Roof of Africa podium in the Mountain Kingdom of Lesotho on Saturday. The Paddock star showcased skill, heart and dogged determination to edge Bidvest bLU cRU Yamaha teammate Lloyd Kirk and Brother Leader Tread KTM rider Dwayne Kleynhans in a thrilling three-way battle for third place. Flanagan in the clear.

Most base metals trade in tight range amid Sino-US trade hopes

(Adds details; updates prices) By Mai Nguyen HANOI, Dec 12 (Reuters) - Most base metals traded in a tight range early on Wednesday as U.S. President Donald Trump sounded optimistic about a trade deal with China, while the dollar held near a one-month peak against its peers.

John Craig eyes online retail disruption in 2019

Menswear retailer John Craig is set to go online, taking on established local players such as The Foschini Group. The retailer, which recently opened a new store in Centurion, says it will start trading online next year. A subsidiary of Pepkor, John Craig was founded in 1947, in Johannesburg, as a family-owned men's outfitter.

Vodacom Elevates Hymie Marnewick To Boss Of IoT Business X-Link

Hymie Marnewick boss of X-Link. Image source: eHealth News Vodacom turned to an insider with experience in developing Internet of Things (IoT) related products and services as the managing director of its wholly-owned subsidiary that specialises in IoT, X-Link. X-Link is housed in Vodacom's IoT group of companies, which is managed by Vodacom Business led by chief officer William Mzimba - who reports to Shameel Joosub, Vodacom's CEO.

10 Cannabis Business Opportunities That Can Grow Your Wealth

Find out how you can launch a business to take advantage of the global marijuana industry, without actually growing or selling any product. The South African Constitutional Court has passed down a judgement that now makes it legal for adults to grow and smoke weed in the privacy of their own homes. There are, however, quite a few legal loopholes that will hopefully be cleared up in 24 months by parliament.

Asian markets perked up by positive China-US trade news

Hong Kong - Asian markets enjoyed healthy buying interest on Wednesday on much-needed good news on the China-US trade talks, while energy firms rallied with oil prices, though the pound remained beaten down by Brexit woes. A flurry of positive developments in the tariffs stand-off between the world's top economies provided some early Christmas cheer on trading floors, fuelling hopes they can avert an all-out trade war. Canada on Tuesday released on bail Meng Wanzhou, chief financial officer at Chinese telecoms giant Huawei, whose arrest last week sparked fury in Beijing and worries about a truce agreed at the G20 by Donald Trump and Xi Jinping this month.

Hope that the US and China can make up cheers Asian markets

Equities rally as Donald Trump sounds upbeat about a trade deal with China, while sterling struggles Sydney — Asian stock markets rallied on Wednesday as US President Donald Trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May. In an interview with Reuters, Trump said talks were taking place with Beijing by phone and he would not raise tariffs on Chinese imports until he was sure about a deal. Trump also said he would intervene in the justice department's case against a top executive at China's Huawei if it would serve national security interests or help close a trade deal.

Aid boosts business

Considered to be one of the most difficult business spheres to infiltrate, the trailer spare parts sector is one that Gasan Williams had always dreamt to be part of. When the opportunity presented itself, he did not look back. Not long after the ceasing of a contract at his previous employment, he decided to return to Kimberley to venture into business.

Raising cattle a risky business for Venezuela ranchers

In Venezuela's cattle-rearing region of San Silvestre in the western state of Barinas, ranchers are falling prey to rustlers and government price controls. AGRICULTURAL NEWS - Rotting hides on the road are all that is left of three butchered cows. Such carnage is common in Venezuela's cattle country, where thieves, squatters and government policy threaten a vital food resource.

Raising cattle a risky business for Venezuela ranchers

In Venezuela's cattle-rearing region of San Silvestre in the western state of Barinas, ranchers are falling prey to rustlers and government price controls. AGRICULTURAL NEWS - Rotting hides on the road are all that is left of three butchered cows. Such carnage is common in Venezuela's cattle country, where thieves, squatters and government policy threaten a vital food resource.

Local wins Business with Most Potential award

ConnectUs ICT, the business of local Eerste River resident Vincent Zokufa (37), was recognised as one of the top three small businesses as part of the Small Business Academy (SBA) programme of the University of Stellenbosch Business School (USB) on Monday 3 December. Zokufa received the award at the graduation ceremony, which saw 27 small business owners graduate from the SBA. He was recognised with the De Beers Business with the Most Potential award, for his innovative business model which provides training and support to disadvantaged schools in using their IT resources more effectively.

Business school shines

The University of the Free State (UFS) Business School has received International Qualifications Assessment accreditation by the Central and East European Management Development Association (Ceeman). This was officially confirmed on Tuesday, 4 December. Ceeman is an international management-development association with the aim of accelerating the growth in quality of management de­velopment in Central and Eastern Europe.

Business takes off after assistance

Considered to be one of the most difficult business spheres to infiltrate, the trailer spare parts sector is one that Gasan Williams had always dreamt to be part of. When the opportunity presented itself, he did not look back. Not long after the ceasing of a contract at his previous employment, he decided to return to Kimberley to venture into business.

PE Business News: Shifting gear to meet challenges

Promote your business on BuyPE and MyPR . Shifting gear to meet challenges : There is no place like home, says Port Elizabeth -born Mike Glendinning, who has been appointed as the new sales and marketing director of Volkswagen Group SA (VWSA), after spending five years in Mexic… Source: "Port Elizabeth" business - BingNews . CompComSA: Latest decisions by the Competition Commission : The business involves the production of paper and plastic packaging … with sales representatives in various territories, including Durban, Port Elizabeth and Cape Town.

Local wins Business with Most Potential award

ConnectUs ICT, the business of local Eerste River resident Vincent Zokufa (37), was recognised as one of the top three small businesses as part of the Small Business Academy (SBA) programme of the University of Stellenbosch Business School (USB) on Monday 3 December. Zokufa received the award at the graduation ceremony, which saw 27 small business owners graduate from the SBA. He was recognised with the De Beers Business with the Most Potential award, for his innovative business model which provides training and support to disadvantaged schools in using their IT resources more effectively.

Business takes off after assistance

Considered to be one of the most difficult business spheres to infiltrate, the trailer spare parts sector is one that Gasan Williams had always dreamt to be part of. When the opportunity presented itself, he did not look back. Not long after the ceasing of a contract at his previous employment, he decided to return to Kimberley to venture into business.

Business school shines

The University of the Free State (UFS) Business School has received International Qualifications Assessment accreditation by the Central and East European Management Development Association (Ceeman). This was officially confirmed on Tuesday, 4 December. Ceeman is an international management-development association with the aim of accelerating the growth in quality of management de­velopment in Central and Eastern Europe.

Plan to reinvigorate Alexander Forbes

New chief Dawie de Villiers sets himself a deadline to set the company on revival path following plunge in profit..

EOH Holdings is setting sights on ambitious growth plans

File Photo: IOL DURBAN - Africa's largest technology service provider, EOH Holdings, is confident that it has overcome the problems of the past year and is setting its sights on growth plans after it delivered a refined strategy that will take the group into the next financial year.  The group said the new structure also presented opportunities for better cross-silo-selling as well as significantly enhanced and improved collaboration, business unit empowerment and accountability to enable a fully customer-centric approach that focuses on holistic solutions over products.   Chief executive Stephen van Coller said yesterday that the key objectives in the next year would be restoring value through enhanced internal processes and policies while ensuring adequate funding to deliver the growth plan.

EOH Holdings is setting sights on ambitious growth plans

DURBAN - Africa's largest technology service provider, EOH Holdings, is confident that it has overcome the problems of the past year and is setting its sights on growth plans after it delivered a refined strategy that will take the group into the next financial year.  The group said the new structure also presented opportunities for better cross-silo-selling as well as significantly enhanced and improved collaboration, business unit empowerment and accountability to enable a fully customer-centric approach that focuses on holistic solutions over products.   Chief executive Stephen van Coller said yesterday that the key objectives in the next year would be restoring value through enhanced internal processes and policies while ensuring adequate funding to deliver the growth plan.

Impact investing needs business schools to get on board

After the global financial crisis, a new way of looking at business and finance - which integrates social and environmental impact more effectively - emerged. In the business world, this is often referred to as inclusive business. In the finance world it is known as impact investing.

GLOBAL BUSINESS 18GMT 11/12/2018

#GlobalBusiness 18GMT Time for Ramah Nyang' to take you through the day's business news now. Stay tuned;.

GLOBAL MARKETS-Asia stocks cautious, pound pummelled by politics

* Asian stock markets : tmsnrt.rs/2zpUAr4 * Pound hits 20-mth low as British PM risks party challenge * Wall St ends mixed on conflicting Sino-US trade news * China might cut tariffs on US autos, more detail awaited * Oil prices bounce after big draw in stockpiles By Wayne Cole SYDNEY, Dec 12 (Reuters) - Asian markets faced a fraught session on Wednesday as conflicting reports deepened confusion over Sino-U.S.

Expropriation must begin with an end in mind

The constitutional review committee on the expropriation of land without compensation has completed its work and presented its report to both houses of Parliament and the report has been adopted. The next step is for the amendment of the Constitution process to begin in earnest with the formation of an ad hoc committee on the amendment bill, which should pass in both houses - and also pass constitutional muster. The real task will be finding the best methodologies to realise the new amendment fully and to strike the best socioeconomic balance.

Property sector under pressure to transform

New BEE deals and a raft of new black appointments could boost transformation. South Africa's property sector seems to be picking up the pace on the transformation front with more stringent Property Sector Charter BEE codes coming into effect last year, but transformation at executive level is still sluggish. A few new BEE deals in the sector have been announced recently, while others are in the pipeline through new BEE-linked listings planned for the JSE.

The curious case of Jabu Mabuza and Eskom's coal policy

Denies policy that ‘drove majors out of industry' ever existed. When Eskom chairman Jabu Mabuza last week stated that everybody is to blame for the current load shedding, there was quite a reaction. The week before, at Eskom's interim results presentation, he made another strange statement that went mostly unnoticed.

The measure of a CEO

Alex Forbes head warns of a tough second half and initiates a strategic review of the business. He will be judged on future, rather than current, performance. The cancellation of an IT project that management believes will not deliver the expected returns cost Alexander Forbes dearly in the first half of its financial year.

The best possible future for the National Prosecuting Authority

The NPA will blossom on new National Director of Public Prosecutions Shamila Batohi's watch, if it is relieved of the burden of prosecuting state capturers and the seriously corrupt in high places. It is sobering to reflect on the fact that the announcement of the appointment of Shamila Batohi, as National Director of Public Prosecutions, was delayed while the President conferred at length with three of his Cabinet ministers before making the announcement. The three are Jeff Radebe, longest serving Cabinet member and "fixer" of matters relating to energy policy; Bheki Cele, whose involvement in corrupt activities relating to leases for police headquarters has still not been investigated by the "relevant authorities" despite the recommendation of the Moloi board of inquiry to that effect; and Michael Masutha, who signed off on the crooked, invalid and illegal deal to rid the NPA of the good leadership of Batohi's precdecessor but one, Mxolisi Nxasana.

FACT CHECK: Are Richard's Bay coal exports the cause of SA's current power crisis?

Google Earth screen grabs. A message circulating like wildfire on social media claims that Chinese ships are currently waiting to be loaded with millions of tons of coal in Richard's Bay. This message says this casts doubt on Eskom's alleged narrative that a shortfall of decent coal is contributing to the need for load shedding.

Listeriosis claims may be paid in 2020

The first claims associated with the listeriosis class action could be paid out in mid to late 2020 at the earliest, according to Richard Spoor Attorneys lawyer Thami Malusi.   If Tiger Brands settled the matter rather than going to court, that would shorten the process, he added. The listeriosis outbreak killed 216 people, according to the National Institute for Communicable Diseases.

Wat laat AB InBev aandele tuimel?

Moody's afgradering, ander faktore, laat aandeelprys val met byna 50%. Amelia Morgenrood van PSG Wealth gee ‘n oorsig oor Dinsdag se markbewegings..

SA business delegation arrives in Egypt for trade fair

CAPE TOWN  - A delegation of South African businesses arrived in Cairo, Egypt on Tuesday to participate in the inaugural Intra-African Trade Fair (IATF), the department of trade and industry (DTI) said. In a statement, DTI said the delegation included buyers and sellers in the agro-processing, aerospace, chemicals, clothing and textile, electro-technical, metals, mining and plastic fabrication sectors.  "The trade fair will provide a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals," the statement said.

#IATF2018: SA textile firm eyes big business opportunities in Egypt

Sithenjiwe Masuku, managing director of T-Legacy Components SA, shows off her products, which include gumboots, conti-suits, gloves, safety boots and reflective vests for mine workers, construction and industrial workers. The entrepreneur hopes her business will benefit from exposure at the week-long inaugural Intra-African Trade Fair (IATF) starting on Tuesday, Cairo, Egypt. Picture supplied: dti JOHANNESBURG - Gauteng-based clothing and textile firm, T-Legacy Components SA, has said that it was determined to explore big business opportunities at the inaugural Intra-African Trade Fair (IATF) this week, starting on Tuesday, in Cairo, Egypt.

GLOBAL MARKETS-Stocks lose steam after Trump shutdown threat, oil climbs

* Oil climbs with equities, Libya output drop * Sterling near 20-month lows after Brexit vote delayed (Updates with close of European markets) By Chuck Mikolajczak NEW YORK, Dec 11 (Reuters) - A gauge of global stock markets rose in volatile trade on Tuesday following threats by U.S. President Donald Trump to shut down the government over a funding fight, though stocks in Europe advanced on signs of a thaw in the U.

Tencent music guides pricing around midpoint in $1.2bn IPO

Tencent Music Entertainment, China's largest music-streaming service, is guiding potential investors that it could price its $1.2bn US initial public offering around the midpoint of a marketed range. The company sees price sensitivity in the middle of the range based on current orders, according to a message communicated to fund managers on Tuesday.

Business #11 Plugging Spain into electric cars

For the fourth year in a row, Solutions&Co brings together 20 major economic newspapers from around the world to explore and highlight concrete solutions in the fight against climate change. Spain deploys a network of charging points to foster electric mobility. Sustainable transport is one of the key elements of the European Union's plan to reduce greenhouse gas emissions.

Companies are seriously underestimating how climate change will affect business

As climate change progresses, it will continue to trigger more intense storms, drought, wildfires, sea-level rise, species extinction, and crop failure. While these devastating environmental changes come to mind first when discussing climate change, there'll also be potentially disastrous downstream effects on businesses—and they don't seem to be taking the threat seriously. In a new study published Dec.

Man hit by train near Southfield station

File photo: ER24 Cape Town - A man believed to be in his fifties has been seriously injured after being hit by a train near Southfield in the southern suburbs. He had attempted to cross the railway line illegally, Netwerk24 reported. When ER24 and Life Healthcare paramedics arrived on the scene, the fire brigade was already in attendance.

U.S.-China trade talks lift copper prices

* GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices) By Zandi Shabalala JOHANNESBURG, Dec 11 (Reuters) - Copper and most other base metals edged higher on Tuesday as investor appetite for riskier assets returned following a sell-off in the previous session. Three-month benchmark copper on the London Metal Exchange (LME) closed up 1.

UK shares join global stock recovery but Brexit nerves weigh

* FTSE 100 up 1.3 pct; midcap index up 0.9 pct * WPP, Ashtead lead gainers after updates * Banks fall, miners rise on trade optimism (Adds details, closing prices) By Danilo Masoni MILAN, Dec 11 (Reuters) - UK shares joined a global equity bounce on Tuesday, although banks and other domestically exposed stocks were left behind as uncertainty grew over Britain's exit from the European Union.

Moderate gains for stocks as China looks to cut tariffs

The JSE closed firmer on Tuesday on the back of a mild rebound on global stocks as news broke out about the possibility of a tariff cut on US goods from China. As negotiations between US and Chinese officials continue, the market is buoyant on the possibility of deals being concluded which will bring much needed certainty in the financial markets. The US president commented via the social media that China had agreed to cut tariffs on certain US goods, and this could be the turning point in this trade spat.

Sygnia CEO Magda Wierzycka laughs off extortion charge laid against her

Sygnia CEO Magda Wierzycka on Tuesday laughed off the charge of attempted extortion  laid against her by African Equity Empowerment Investments Limited (AEEI) and its CEO, Khalid Abdulla. This comes after Wierzycka allegedly approached Abdulla to buy back shares that Abdulla, AEEI and Sekunjalo Investment Holdings have in Sygnia at a lower price. "I have made a couple of attempts to buy back the shares that they bought at the listing of Sygnia at market-related valuations to part ways in a professional way from them.

Anglo's bullish production forecasts boost share price

Group shows the benefits of being more streamlined than five years ago Anglo American's share price soared in London and Johannesburg after the diversified miner released a bullish production outlook for the next three years and tightly controlled costs, raising hope for improved dividend payments from higher cash inflows. Anglo would beat its 2018 production forecast by 2% while costs would be 5% lower, CEO Mark Cutifani said on Tuesday. He outlined targets for coming years as the group brings its stalled Minas Rio iron-ore mine in Brazil back into production and advances its copper growth strategy.

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

Mine workers are pictured at the Freda Rebecca gold mine in Bindura By Chris Mfula LUSAKA (Reuters) - Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.

Man hit by train near Southfield station

File photo: ER24 Cape Town - A man believed to be in his fifties has been seriously injured after being hit by a train near Southfield in the southern suburbs. He had attempted to cross the railway line illegally, Netwerk24 reported. When ER24 and Life Healthcare paramedics arrived on the scene, the fire brigade was already in attendance.

Sygnia CEO Magda Wierzycka laughs off extortion charge laid against her

Sygnia CEO Magda Wierzycka on Tuesday laughed off the charge of attempted extortion  laid against her by African Equity Empowerment Investments Limited (AEEI) and its CEO, Khalid Abdulla. This comes after Wierzycka allegedly approached Abdulla to buy back shares that Abdulla, AEEI and Sekunjalo Investment Holdings have in Sygnia at a lower price. "I have made a couple of attempts to buy back the shares that they bought at the listing of Sygnia at market-related valuations to part ways in a professional way from them.

UPDATE 1-UK shares join global stock recovery but Brexit nerves weigh

* FTSE 100 up 1.3 pct; midcap index up 0.9 pct * WPP, Ashtead lead gainers after updates * Banks fall, miners rise on trade optimism (Adds details, closing prices) By Danilo Masoni MILAN, Dec 11 (Reuters) - UK shares joined a global equity bounce on Tuesday, although banks and other domestically exposed stocks were left behind as uncertainty grew over Britain's exit from the European Union.

Sygnia CEO Magda Wierzycka facing charge of attempted extortion

JSE-listed African Equity Empowerment Investments Limited (AEEI) and its CEO, Khalid Abdulla, have laid a complaint of attempted extortion at the Table Bay Police Station against Magda Wierzycka, CEO of asset management company Sygnia. According to a statement issued by AEEI on Tuesday, this follows Wierzycka allegedly having approached Abdulla to buy back the shares that AEEI, its majority shareholder Sekunjalo Investment Holdings and Abdulla have in Sygnia "at a substantially lower price". "Failing this, she threatened to continue to write negative stories about Sekunjalo Investment Holdings, AEEI and its associated company, AYO Technology Solutions," according to the AEEI statement.

Sygnia's Magda Wierzycka to sue Iqbal Survé again after charges laid against her

I'm already suing Iqbal and Independent Media for defamation related to previous articles. Every time I've been critical of AYO Technology he has published stories in Business Report about me being a subliminal racist and, consequently, I'm already suing him for defamation. I intend to add additional charges to that civil suit.

Alexander Forbes headline earnings, profit drops as IT plans fall flat

Underlying numbers is ‘actually satisfactory', says CEO. The financial services company noted that the operating environment had been difficult over the reporting period and with the domestic economy having entered a technical recession, broad-based job shedding in all sectors has resulted in fewer members added for retirement benefits in formal employment. A decision to withhold an IT investment also played a large role in the lower numbers.

Anglo American wraps up good year of performance improvements

Anglo American said on Tuesday that it was in a stronger financial position following a year of performance improvements. Photo: Reuters JOHANNESBURG - Anglo American said on Tuesday that it was in a stronger financial position following a year of performance improvements which had made it set a new production guidance 2 percent higher than the previous one. Mark Cutifani, chief executive of Anglo American, said the group had completely transformed the quality of its asset portfolio and its performance as a whole over the last five years after disposing of some of its assets in South Africa and raising more than $4 billion (R57bn).

EOH shuns big public-sector projects

Technology is group owed more than R600m for unpaid work EOH is no longer keen to take on large projects for the public sector, which owes the technology group about R600m, says new CEO Stephen van Coller. Van Coller, who joined the company from MTN in September, said that while the public sector tended to pay on time for annuity-type contracts, state entities were less punctual when it came to multiyear "complex transformational projects", mainly due to frequent leadership changes. "You end up having three or four bosses while you're implementing a fairly complex project, and because of all the changes, you also end up with cost overruns.

Alexander Forbes tries to put decisions made under ...

SA's largest pension fund administrator reports R45m after-tax loss for six months to September After a rocky year, which included the dramatic axing of its CEO, Andrew Darfoor, Alexander Forbes is trying to untangle itself from some of the decisions he made while at the helm. The pension fund administrator, which is the largest in SA with about 1.4-million members, cancelled a R1bn IT contract it had entered into two years ago under Darfoor's watch.

#IATF2018: SA textile firm eyes big business opportunities in Egypt

JOHANNESBURG - Gauteng-based clothing and textile firm, T-Legacy Components SA, has said that it was determined to explore big business opportunities at the inaugural Intra-African Trade Fair (IATF) this week, starting on Tuesday, in Cairo, Egypt. Sithenjiwe Masuku, the managing director of T-Legacy, said it was an enormous opportunity for her emerging export firm to be involved in a trade fair of such magnitude. "I am hoping to establish some trade leads and also amplify my business brand to North Africa and beyond.

Bluebell CEO Ashley Micklewright: Price differences between markets are a real problem

Ashley Micklewright, CEO of the Bluebell group since 2011, was passing through Paris in December. As the leader of a company which has supported the development of big-name luxury brands like Louis Vuitton in Asia, and which is currently the partner of some 150 labels (including Jimmy Choo, Clarins, Brunello Cucinelli, Loro Piana, Kenzo, Castaner and Narciso Rodriguez) throughout the Far East, the executive has a well developed business expertise. In this second instalment of a two-part interview with FashionNetwork.

South Africa's rand firms in line with emerging markets and stocks

Rand gains on positive manufacturing data The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a dollar rally. The rand ZAR=D3 was trading at 14.3300 per dollar by 1540 GMT, 0.

APPLE MUSIC HIGHLIGHTS AFRICA'S BEST ARTISTS

International music and video streaming service, Apple Music is once again putting Africa's finest music talent in the spotlight. The streaming giant, founded by technology pioneer, Apple has chosen 10 of the continents hottest artists at the moment to feature on their playlist. A-List: African Music  is the streaming service's effort to honour and showcase the authentically African afrobeats culture.

Sishen Iron Ore Company-Community Development Trust (SIOC-cdt) invests in social impact research with a difference

Citizen Surveys Photo: Citizen Surveys In November 2018, the Sishen Iron Ore Company - Community Development Trust (SIOC-cdt) contracted Citizen Surveys to conduct a needs analysis within the five local municipalities in which it operates. This will assist the Trust to update its Community Development Strategy and ensure that it can have a meaningful impact on these Northern Cape and Limpopo communities. Established in 2006 by Kumba Iron Ore Limited to invest in the development of the communities in which the company operates, SIOC-cdt derives dividends from its shareholding in the Sishen Iron Ore Company (SIOC) and has spent over R1-billion so far in community development projects.

Glencore begins the changing of the old guard

Some think management changes announced by Glencore last week reflect its evolution from a commodity trader to a company that makes most of its money by extracting raw materials from the earth.

South Africa's rand firms in line with emerging markets and stocks

Rand gains on positive manufacturing data The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a dollar rally. The rand ZAR=D3 was trading at 14.3300 per dollar by 1540 GMT, 0.

UPDATE 1-South Africa's rand firms in line with emerging markets and stocks

* Rand gains on positive manufacturing data * Stocks bounce on fresh U.S.-China hopes (Add quotes and updates prices) JOHANNESBURG, Dec 11 (Reuters) - The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a dollar rally.

[Tip Tuesday Giveaway] Do You Understand & Protect Your Needs?

This week's Tip Tuesday we talk about YOU. Are you the type of women who chooses products that understand and protect your daily needs? (Read this important Tip Tuesday article and you could WIN a Betadine hamper - entry details further below.) Get intimate with this new range specifically formulated for all the woman you are! As a woman there are a lot of things to take care of and worry about.

FAMOUS BRANDS LIMITED - Voluntary Announcement To Shareholders

Wrap Text Voluntary Announcement To Shareholders Famous Brands Limited (Incorporated in the Republic of South Africa) (Registration number 1969/004875/06) Share code: FBR ISIN code: ZAE000053328 ("Famous Brands" or "the Company" or "the Group") Voluntary Announcement To Shareholders This statement serves to update shareholders on the status of two matters referred to in recent Company announcements published on the Stock Exchange News Service of the JSE Limited. GOURMET BURGER KITCHEN LTD ("GBK"): STATUS OF COMPANY VOLUNTARY ARRANGEMENT ("CVA") Shareholders were advised on 24 October 2018 that in light of GBK's continued underperformance in the current macroeconomic environment in the UK and deteriorating financial position, the Board of GBK had initiated a CVA process aimed at restructuring the business's leased property portfolio in line with current market valuations. On 9 November 2018, shareholders were further advised that a creditor's meeting was held to consider the CVA proposals.

Eskom casts shadow over Vedenta's billions

Indian group Vedanta 's grand plan to grow its southern African zinc metal output by more than six-fold over the next 13 years - which would see billions of rands in investment and hundreds of jobs created - faces an immediate threat. That pitfall comes in the form of Eskom's power cuts and its significant financial problems, fuelled by the need for extra power to achieve that goal. This emerged during a media trip organised by Vedanta to its Gamsberg zinc mine near Aggeneys, a town with a population of about 3 000 that is located between Pofadder and Springbok in the Northern Cape.

BREAKING: Sygnia CEO Magda Wierzycka charged with attempted extortion

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Cape Town - AEEI and its CEO, Khalid Abdulla, on Tuesday laid a charge of attempted extortion against Magda Wierzycka, CEO of Sygnia Limited, an asset management company listed on the JSE. The charge of attempted extortion was lodged following Wierzycka's alleged approach to Abdulla to buy back the shares that Abdulla, AEEI, its majority shareholder Sekunjalo Investment Holdings have in Sygnia at a substantially lower price. Failing this, she threatened to continue to write negative stories about Sekunjalo, AEEI and its associated company, AYO Technology Solutions.

BREAKING: Sygnia CEO Magda Wierzycka charged with attempted extortion

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Cape Town - AEEI and its CEO, Khalid Abdulla, on Tuesday laid a charge of attempted extortion against Magda Wierzycka, CEO of Sygnia Limited, an asset management company listed on the JSE. The charge of attempted extortion was lodged following Wierzycka's alleged approach to Abdulla to buy back the shares that Abdulla, AEEI, its majority shareholder Sekunjalo Investment Holdings have in Sygnia at a substantially lower price. Failing this, she threatened to continue to write negative stories about Sekunjalo, AEEI and its associated company, AYO Technology Solutions.

Amplats lowers production guidance for next three years

Anglo American Platinum (Amplats) on Tuesday said its production guidance would change from January 1, 2019, as Sibanye-Stillwater's platinum group metals material would no longer be bought as concentrate, but toll treated, with the refined metal returned to Sibanye. Resultantly, metal in concentrate production for 2019 will be lower than the estimated 2.45-million to 2.

UPDATE 1-South Africa's rand firms in line with emerging markets and stocks

* Rand gains on positive manufacturing data * Stocks bounce on fresh U.S.-China hopes (Add quotes and updates prices) JOHANNESBURG, Dec 11 (Reuters) - The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a dollar rally.

MONDI PLC - Transactions in Mondi plc ordinary shares of 0.20 each

Wrap Text Transactions in Mondi plc ordinary shares of €0.20 each Mondi Limited (Incorporated in the Republic of South Africa) (Registration number: 1967/013038/06) JSE share code: MND ISIN: ZAE000156550 Mondi plc (Incorporated in England and Wales) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 JSE share code: MNP ISIN: GB00B1CRLC47 LSE share code: MNDI As part of the dual listed company structure, Mondi Limited and Mondi plc notify both the JSE Limited and the London Stock Exchange of those interests (and changes to those interests) of directors of both entities, the respective company secretaries and persons discharging managerial responsibilities across the Group and, in certain instances, the directors of major subsidiaries of Mondi Limited in the securities of Mondi Limited and Mondi plc which are required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority. 11 December 2018 EMPLOYEE SHARE PLANS TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.

EOH HOLDINGS LIMITED - CEO Insights After First 100 Days

Wrap Text CEO Insights After First 100 Days EOH HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/014669/06) Share code: EOH ISIN: ZAE000071072 ("EOH" or "the Group") CEO INSIGHTS AFTER FIRST 100 DAYS Shareholders are advised that management are hosting an investor call at 14:30 today to provide a strategic update from the Group CEO, as part of his first 100 day review, as well as an update on general trading conditions. The webcast and call will include a presentation by management which is available on the Group's website at www.eoh.

People can transact, save and invest with Bidvest Bank's new account

The Bidvest Bank GROW Account encourages financial inclusion by allowing consumers to transact, save and invest. Photo: Leon Nicholas DURBAN - The Bidvest Bank GROW Account encourages financial inclusion by allowing consumers to transact, save and invest. The Bidvest Bank Grow Account is a new generation transactional account that allows account holders to transact, save and invest from the same account, with no minimum deposits, and highly competitive interest rates.

EOH to focus business into four distinct operating units

JSE-listed technology service provider, EOH, says key objectives over the next year will be to restore value through enhanced internal processes and policies, while also ensuring adequate funding to deliver its growth plan. "EOH's redefined strategy is being driven by a desire to improve growth," it said in a strategic update to the market on Tuesday (11 November) - marking the first 100 days in office for chief executive, Stephen Van Coller. EOH has struggled through a number of setbacks including a series of negative articles in the media which saw its share price tank, and fewer major contract awards.

Business Bank of Mozambique, Euronet sign deal to set up interbank electronic payment system

The Bank of Mozambique and US-based provider of electronic payment services, Euronet, have signed an agreement for the licensing, implementation and maintenance of the computer system for interbank payments. The agreement was signed by the director of the Central bank's legal office, Luisa Navale, and Cindy Ashcraft, Managing Director, Euronet, and witnessed by the governor of the Bank of Mozambique, Rogerio Zandamela. Speaking at the signing which took place on Monday December 10th 2018, Navale said the Euronet system will be used by the Mozambique Interbank Company (SIMO), which connects most of the commercial banks in the country.

EOH to focus business into four distinct operating units

JSE-listed technology service provider, EOH, says key objectives over the next year will be to restore value through enhanced internal processes and policies, while also ensuring adequate funding to deliver its growth plan. "EOH's redefined strategy is being driven by a desire to improve growth," it said in a strategic update to the market on Tuesday (11 November) - marking the first 100 days in office for chief executive, Stephen Van Coller. EOH has struggled through a number of setbacks including a series of negative articles in the media which saw its share price tank, and fewer major contract awards.

EOH CEO review leads group to focus on four operating units

A review of the business by JSE-listed EOH CEO Stephen van Coller during his first 100 days in the position has led the company to refine and expand its reporting and management into four distinct operating units, which enables it to better support these businesses with different focuses, capital structures and management, the company said in a Sens announcement on Tuesday. EOH ICT, the largest business unit, is a largely cloud-based digital, data and applications business. The second strategic pillar is Nextec, which offers domain consulting, advisory and knowledge process outsourcing options and various other solutions.

Sygnia CEO Wierzycka Charged With Attempted Extortion

Sygnia CEO Magda Wierzycka. AEEI and its CEO Khalid Abdulla on Tuesday laid a charge of attempted extortion against Magda Wierzycka, CEO of Sygnia Limited, an asset management company listed on the JSE. The charge of attempted extortion was lodged at Table Bay Police Station following Wierzycka's alleged approach to Abdulla to buy back the shares that AEEI, its majority shareholder Sekunjalo Investment Holdings and Abdulla have in Sygnia at a substantially lower price.

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

* Government plans higher taxes in January * Additional revenue to help bring down mounting debt By Chris Mfula LUSAKA, Dec 11 (Reuters) - Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.

People can transact, save and invest with Bidvest Bank's new account

DURBAN - The Bidvest Bank GROW Account encourages financial inclusion by allowing consumers to transact, save and invest. The Bidvest Bank Grow Account is a new generation transactional account that allows account holders to transact, save and invest from the same account, with no minimum deposits, and highly competitive interest rates. "We understand that in today's economic environment, saving money is not easy and investing in your future is even harder.

South Africa's mining production increases 0.5% y/y - Stats SA

Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA). Production of PGMs, which occupy the second-highest weighting in the minerals basket at 23.

Anglo anticipates continual production growth to 2022

Diversified miner Anglo American is targeting incremental yearly earnings before interest, taxes, depreciation and amortisation (Ebitda) of between $3-billion and $4-billion by 2022. CE Mark Cutifani on Tuesday said the group had completely transformed the quality of its asset portfolio and its performance as a whole over the last five years. The ambitious earnings will come from a combination of meeting or surpassing industry best-practice equipment performance across the company's operations, volume growth from existing and new operations, such as the Quellaveco copper project, in Peru, and the deployment of Anglo's FutureSmart Mining technologies and digitalisation.

Qedani Mahlangu, Brian Hlongwa told to step down from ANC Gauteng PEC

Leaders asked to step aside to 'self-correct, for personal growth and the protection of the ANC brand' Qedani Mahlangu, Brian Hlongwa told to step down from ANC Gauteng PEC 11 December 2018 Embattled ANC Gauteng leaders Qedani Mahlangu and Brian Hlongwa have no other option but to resign from their roles as provincial executive committee (PEC) members. News24 has seen a letter in which Mahlangu is informed that the ANC's national working committee (NWC) has endorsed a recommendation that she steps down from the PEC. The letter was drafted by the Gauteng ANC's deputy provincial secretary, Nomantu Nkomo-Ralehoko, and was addressed to Mahlangu.

BREAKING: Sygnia CEO Magda Wierzycka charged with attempted extortion

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Cape Town - AEEI and its CEO, Khalid Abdulla, on Tuesday laid a charge of extortion against Magda Wierzycka CEO of Sygnia Limited, an asset management company listed on the JSE. The charge of attempted extortion was lodged following Wierzycka's alleged approach to Abdulla to buy back the shares that Abdulla, AEEI, its majority shareholder Sekunjalo Investment Holdings have in Sygnia at a substantially lower price. Failing this, she threatened to continue to write negative stories about Sekunjalo, AEEI and its associated company, AYO Technology Solutions.

Mngxitama says killing whites and their pets is a response to Johann Rupert

Black First Land First (BLF) leader Andile Mngxitama held a media briefing on Tuesday to clarify the "massive confusion" around the utterances he had made at a rally where he called for five white people to be killed for every black person, and that white people should be killed along with their pets and children. Mngxiatama's comments raised renewed calls for him to be prosecuted for hate speech. The Democratic Alliance (DA) and the Congress of the People (Cope) on Monday announced their intentions to lay charges of hate speech and incitement to violence against Mngxitama, while the South African Human Rights Commission (SAHRC) is representing a complainant who has dragged the group to the Equality Court.

BLF stands by call to kill white people

The call to kill five white people for every black person has been taken out of context, says Black First Land First. Even though the party is doubling down on its stance that it will kill five white people for every black person killed by what it terms are "agents of Johann Rupert", its president Andile Mngxitama said on Tuesday the comments are a warning to billionaire Rupert. At the same media briefing, Mngxitama said the party had roped in former members of Zimbabwe's liberation army to train their party members in combat.

Big coal wants consumers to pay for fixing its pollution problem

Some of the world's biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world's biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming. But with a potential $90-billion-a-year price tag, it's too rich for them to do it on their own.

METALS-Metals rise on softer dollar, U.S.-China trade talks

* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Adds official prices, Anglo supply) By Zandi Shabalala JOHANNESBURG, Dec 11 (Reuters) - Copper and other base metals edged higher on Tuesday on a softer dollar and as investor appetite for riskier assets returned following a sell-off in the previous session. Three-month benchmark copper on the London Metal Exchange (LME) rose 1.

COMPETITION: Win tickets to the Nubian Music Festival this weekend

The second annual Nubian Music Festival includes a larger and more diverse lineup of quality live performances, coupled with film, comedy, craft and family entertainment from 14 to 17 December at Hartbeespoort's Eagle Waters Resort. " The Nubian Music Festival aims to make Hartbeespoort a beacon of tourism in the North West Province," says Mpho Mathope, the founder of Nubian Touch (Pty) Ltd who created the festival. "With this in mind, we are delighted to showcase not only Mafikizolo, Mi Casa, Lira, Oliver Mtukudzi, Selaelo Selota and Candy Tsa Mandebele amongst others on the 16th of December, but also all the fun things to do and the great places to stay at in the Hartbeespoort area for the entire weekend, Penny Lebyane will be the show MC.

COMPETITION: Win tickets to the Nubian Music Festival this weekend

The second annual Nubian Music Festival includes a larger and more diverse lineup of quality live performances, coupled with film, comedy, craft and family entertainment from 14 to 17 December at Hartbeespoort's Eagle Waters Resort. " The Nubian Music Festival aims to make Hartbeespoort a beacon of tourism in the North West Province," says Mpho Mathope, the founder of Nubian Touch (Pty) Ltd who created the festival. "With this in mind, we are delighted to showcase not only Mafikizolo, Mi Casa, Lira, Oliver Mtukudzi, Selaelo Selota and Candy Tsa Mandebele amongst others on the 16th of December, but also all the fun things to do and the great places to stay at in the Hartbeespoort area for the entire weekend, Penny Lebyane will be the show MC.

The exit interview: Investec's Stephen Koseff

Koseff may have retired in September, but ‘he's still here in a suit and tie' After 40 years at the helm of Investec, in which he took the obscure finance leasing company started by Ian Kantor in 1974, to a financial institution straddling SA and the UK that oversees assets equivalent to R4-trillion, Stephen Koseff stepped aside as CEO at the end of September 2018. In part one of this extended interview, Koseff is a touch ambivalent about whether he really wanted to go, but makes it clear he is not retired yet: "I am still here in a suit and tie." He explains what is keeping him busy including his various board roles at Investec, Bidcorp and the Youth Employment Service.

Standard Bank Sandton's ‘lethal' slippery courtyard to be fixed

After several incidents of people slipping, falling and sustaining injuries at one of its buildings, Redefine Properties has relented to public pressure and plan on retiling the extremely slippery floor surface of the open courtyard at 11 Alice Lane in Sandton - commonly referred to as Standard Bank - during this festive season. Described as "a lethal pitfall" by Johannesburg quantity surveyor Steven Schneid, who last year sustained a broken right shoulder after slipping at the precinct's highly polished and extremely slippery tiled floor surface, the area has been the subject of an investigation by independent experts and the City of Johannesburg. While claiming to "take the safety and security of tenants and patrons very seriously", Redefine has for a year failed to respond to the public outcry over the impact of the hazardous area of the building, with Schneid, Amos Mukomberanwa and Lisa Marie being among the victims.

COMPETITION: Win tickets to the Nubian Music Festival this weekend

A wonderful opportunity awaits this coming weekend. Don't waste time and enter right away. The second annual Nubian Music Festival includes a larger and more diverse lineup of quality live performances, coupled with film, comedy, craft and family entertainment from 14 to 17 December at Hartbeespoort's Eagle Waters Resort.

Official opening of The Greening of the Earth Centre

The partnership between the University of South Africa (Unisa), mining company Exxaro Resources and the South African National Energy Development Institute (SANEDI) officially launched its first institutional anaerobic biogas digester at Earth Centre in Johannesburg on the 28th November 2018. The 10 cubic metre bio-digester uses a feedstock of horse manure diluted with a sustainable volume of water, including grey water, to produce biogas fuel for heating applications. In households, schools, early childhood development centres and community facilities, the fuel can be used for as a substitute for electricity or LPG.

COMPETITION: Win tickets to the Nubian Music Festival this weekend

A wonderful opportunity awaits this coming weekend. Don't waste time and enter right away. The second annual Nubian Music Festival includes a larger and more diverse lineup of quality live performances, coupled with film, comedy, craft and family entertainment from 14 to 17 December at Hartbeespoort's Eagle Waters Resort.

Discussing SA's economy: Kuseni Dlamini

Kuseni Dlamini the chairman of Massmart has said that growing SA's economy is an urgent priority, he joins us in studio. For more news, visit: sabcnews.com.

The Business of Doing Business in Africa

Mining has long played a crucial role in the development of African nations, with the continent renowned for having the largest mineral resources in the world. With gold ranking number one in African mining resources, the continent boasts a rich plethora of other valuable minerals including bauxite, cobalt, industrial diamond, phosphate rock, platinum-group metals and others. This in mind, while Africa should be enjoying the riches of its land, it has historically been plagued with issues of conflict and war, long making the security and essentially the viability of foreign investment in the mining industry across parts of central and sub-Saharan Africa a topic of discussion.

Johann Rupert, white monopoly capital and new heroes

"Rupert - the bear" that's the nickname multi-billionaire, Johan Rupert has earned from his corporate peers. Known for his ruthless and tough talking approach, Johann Rupert has built an image of a no-nonsense business mogul with high corporate acumen, a sleek investor and above all, a man of superior integrity. At least that's the public narrative around him.

Earth Centre set to introduce communities to sustainable energy

The University of South Africa (Unisa), has partnered with mining company Exxaro Resources and the South African National Energy Development Institute (SANEDI) to officially launch its first institutional anaerobic biogas digester at the Earth Centre in Johannesburg. The 10 cubic metre bio-digester uses a feedstock of horse manure diluted with a sustainable volume of water, including grey water, to produce biogas fuel for heating applications. SANEDI hopes the technology will help introduce more communities to sustainable and clean energy solutions because the fuel produced by the digester can be used for as a substitute for electricity or LPG.

Business Kenya's 4G Capital launches NxtGen, a new credit solution for Africa's banking industry

Fintech company, 4G Capital, has announced the launch of NxtGen, a new credit solution developed specifically for the banking industry that will help provide working capital credit to micro, small and medium enterprises ( MSMEs) across Africa. The announcement was made at the just concluded Africa 2018 Forum in Egypt. NxtGen technology is an infinite data centre that manages IT infrastructure.

Southern Africa: El Nino Is Bringing Drought Threats for Business in Southern Africa

[Thomson Reuters Foundation] Coinciding with one of the strongest El Niño events since at least 1950, widespread droughts occurred throughout southern Africa during 2015/2016. The scale of impact on urban areas was reflected in the widely reported Day Zero water situation in Cape Town, South Africa, which began during the El Niño, but extended into 2018, as drought conditions persisted..

Markets drift ahead of USDA, Chinese buying awaited

* Markets await USDA global crop, inventory reports * Still no signs China is again buying U.S. soybeans * (Updates with European trade, adds new comment, changes dateline) By Michael Hogan HAMBURG, Dec 11 (Reuters) - Chicago soybeans, wheat and corn were mixed on Tuesday as markets focused on monthly world agricultural supply and demand estimates from the U.

Attending the business and investment round table

our CEO, Mr Kamal P. Timmal, was invited by the City of Johannesburg Mayor, Mr Herman Mashaba. We sat down with Mr Kamal Timmal to get an exclusive interview about what he thought of the event and get insight to South African business and investment and what it means to him to have been a part of such an exclusive event.

The Business of Doing Business in Africa

Mining has long played a crucial role in the development of African nations, with the continent renowned for having the largest mineral resources in the world. With gold ranking number one in African mining resources, the continent boasts a rich plethora of other valuable minerals including bauxite, cobalt, industrial diamond, phosphate rock, platinum-group metals and others. This in mind, while Africa should be enjoying the riches of its land, it has historically been plagued with issues of conflict and war, long making the security and essentially the viability of foreign investment in the mining industry across parts of central and sub-Saharan Africa a topic of discussion.

Boeing launches new private jet with longest range of any business jet in the world

Boeing has launched what it is calling the longest-range business jet in the industry, a plane that can fly more than halfway around the world without stopping.  The BBJ 777X is a private or charter business jet built for the flashy jetsetter, the CEO, heads of state and other moneyed travelers.  With a range of 11,645 nautical miles or 21,570 km, Boeing says its BBJ 777-8 jet can connect virtually any two cities in the world.

SABIC Awards - First runner-up for Business Accelerator of the Year

Timmal holdings was awarded first runner-up for the Business Accelerator of the year. After 16 long years in business and many challenges conquered, 2018 proved to be a year of reward, insight and growth for Timmal Holdings. Eskilz, now called Biz Lab, has been operating since 2002.

Boeing unveils longest range business jet at MEBAA in Dubai

The US-based aircraft manufacturer, Boeing, has unveiled a business jet version of its 777X airplane model that is set to have the ability to fly further than any other jet at the Middle East Business Aviation Association Show (MEBAA) in Dubai, according to Gulf Business. Boeing announced that the BBJ 777X has the capabilities to fly half-way around the world without requiring to stop, which is further than any other previous business jet before it. Boeing Business Jets head, Greg Laxton, said: "Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination.

Commission approves Robor's acquisition of Macsteel MT&P business, with conditions

The Competition Commission has approved Robor's proposed acquisition of Macsteel's tubes and pipes business (MT&P), but with conditions. The commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in the relevant markets; however, it determined that the proposed merger would have a negative effect on employment, with about 311 employees to be negatively impacted on as a result of the transaction. The commission imposed a condition that Robor ensure that the 311 affected employees have the right of first refusal in the event that vacancies become available within the merging parties' businesses.

Business #12 Taking the gas out of cows

For the fourth year in a row, Solutions&Co brings together 20 major economic newspapers from around the world to explore and highlight concrete solutions in the fight against climate change. A Swiss company has developed a feed additive for cattle that reduces greenhouse gas emissions while improving milk yields One rainy day last August, three cows were standing in a Swiss field, peacefully grazing and occasionally belching, contributing to climate change with every burp. Next door, in a plain grey industrial building, a Swiss SME was busily making a feed additive for dairy cows.

Africa: Big Business Capturing UN SDG Agenda?

[IPS] Kuala Lumpur Sydney -Over the last two decades since the Global Compact, the United Nations has increasingly embraced the corporate sector, most recently to raise finance needed to achieve the Sustainable Development Goals (SDGs), i.e., for Agenda 2030.

Anglo American to restart the Minas Rio pipeline before year-end

The restart of Anglo American's Minas-Rio iron ore pipepline was on schedule and due to take place this month according to Anglo American CEO Mark Cutifani speaking during an update to investors given in London today. The pipeline transports iron ore in slurry form for 592kms from the mine site in the Brazilian state of Minas Gerais to the port of Acu.  It was shut down on March 29 this year after a "minor leak" was found in close proximity to a similar leak near a pumping station on March 12.

Anglo American expects higher production, lower costs

* Anglo American: Leading the pack: https://tmsnrt.rs/2QNuJmu (Updates with detail, shares) BENGALURU/JOHANNESBURG, Dec 11 (Reuters) - Mining group Anglo American Plc expects its production to rise more than previously expected in 2018 and 2021 while costs are seen lower for this year, its chief executive officer said on Tuesday. Chief Executive Officer Mark Cutifani said Anglo expected 2018 production to be 2 percent higher than its previous forecast while costs will be 5 percent below previous guidance.

Anglo American expects higher production, lower costs

Production increases would be driven by improved output in diamonds, platinum group metals and copper. Mining group Anglo American expects its production to rise more than previously expected in 2018 and 2021 while costs are seen lower for this year, its chief executive officer said on Tuesday. Chief Executive Officer Mark Cutifani said Anglo expected 2018 production to be 2% higher than its previous forecast while costs will be 5% below previous guidance.

Anglo shares jump as company says production to exceed previous guidance

The mining group said it also expected costs to fall Anglo American shares jumped as much as 3.2% after the company said it expected production in 2018 to be above its previous guidance, while costs will be 5% lower. "We are also confident about the outlook, with production expected to increase by 3% in 2019, with cost inflation fully absorbed by our productivity and cost improvements," CEO Mark Cutifani said in a statement on Tuesday.

South African eyed for top Glencore job as Billionaire Boys exit

The London-headquartered Financial Times points to South African Mark Nagle, new head of power coal, as a likely contender for the top Glencore job. This article is exclusive to Biznews Premium. Members please login  here.

UPDATE 1-Anglo American expects higher production, lower costs

* Anglo American: Leading the pack: tmsnrt.rs/2QNuJmu (Updates with detail, shares) BENGALURU/JOHANNESBURG, Dec 11 (Reuters) - Mining group Anglo American Plc expects its production to rise more than previously expected in 2018 and 2021 while costs are seen lower for this year, its chief executive officer said on Tuesday. Chief Executive Officer Mark Cutifani said Anglo expected 2018 production to be 2 percent higher than its previous forecast while costs will be 5 percent below previous guidance.

ABSA GROUP LIMITED - ABSA Group Provides medium-term financial targets

ABSA Group Provides medium-term financial targets ABSA GROUP LIMITED (formerly Barclays Africa Group Limited) Incorporated in the Republic of South Africa (Registration number: 1986/003934/06) Share Code: ABG ISIN: ZAE000255915 ("Absa Group" or "the Group") ABSA GROUP PROVIDES MEDIUM-TERM FINANCIAL TARGETS Absa Group hereby informs the market of our medium-term financial targets. These are based on our current expectations for economic growth in South Africa and our presence countries in the rest of Africa. Barring any unforeseen major macroeconomic or regulatory developments, our key targets include: 1) As part of our strategy emphasising growth and regaining leadership in our core businesses, we aim to grow our revenue faster, on average, than the SA bank sector from 2019 to 2021, with an improving trend over time and within appropriate risk appetite parameters; 2) Given this growth and continued cost management, we aim to consistently reduce our normalised cost-to-income ratio to reach the low 50s by 2021; and 3) We aim to achieve a normalised group return on equity of 18% to 20% by 2021, while maintaining an unchanged dividend policy.

Alexander Forbes cans Zimbabwe deal

Alexander Forbes has released interim results reflecting the challenged economic climate in South Africa which the company has been operating in. The results for six months ended September reports headline earnings per share down by 25 per cent compared to the same time last year. Group Chief Executive, Dawie De Villiers joins CNBC Africa for more.

Steenkampskraal to progress BFS following court case conclusion

Steenkampskraal Holdings (SHL) will now proceed with a bankable feasibility study (BFS) at its Steenkampskraal rare earths mine, in the Western Cape, following the conclusion of a court case between SHL and contractor ERES Engineering Projects. The High Court last week rescinded the contracts between SHL and ERES and dismissed ERES' counter claim against SHL. The judge also ordered ERES to repay SHL a R2.

Anglo American wraps up good year of performance improvements, growth outlook

(ANA) - Anglo American plc said on Tuesday that it was in a stronger financial position following a year of performance improvements which had made it set a new production guidance two percent higher than the previous one. 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.

CAPE TOWN MAN HIT BY TRAIN!

A man in his 50s was critically injured when he was hit by a train near the Southfield Station in Southfield, Western Cape on Tuesday. ER24's Russell Meiring said paramedics, arrived on the scene to find the Fire Services already in attendance. "On closer inspection, paramedics found the man lying next to the tracks.

Tiger Brands allowed to reopen Polokwane facility

Capricorn Municipality's Environmental Health Department has issued a certificate of acceptability for Tiger Brands' Polokwane facility, which allows the factory to resume production. The facility (along with another in Germiston) was shut down in March following the detection of Listeria Monocytogenes in the plant. The listeriosis outbreak, which claimed more than 200 lives, has cost Tiger Brands millions of rand.

Miner Anglo American sees higher production between 2018 and 2021

Dec 11 (Reuters) - Miner Anglo American Plc expects an incremental rise in production between 2018 and 2021 and costs to fall, its chief executive officer said on Tuesday. Chief Executive Officer Mark Cutifani said the company, which has mining operations in Southern Africa, North and South America and Australia, expects 2018 production to be 2 percent higher than its previous forecast. The miner sees a 3 percent rise in production in 2019 and a further 5 percent boost in both 2020 and 2021.

LESLEY MUSINA WEIGHS IN JOHANN RUPERT'S CO...

South African actor and presenter, Lesley Musina has shared his views on the "materialistic" culture that plagues young people in Mzansi. The Speak Out presenter makes his remarks on the back of the outrage over comments made by local entrepreneur and chair of the Swiss-based luxury-goods company, Richemont as well as of South African-based company, Remgro , Johann Rupert. Two weeks ago, Johann spoke at Power FM 's Chairman's Conversation event about how his family built their wealth during the great depression.

Miner Anglo American sees higher production between 2018 and 2021

Dec 11 (Reuters) - Miner Anglo American Plc expects an incremental rise in production between 2018 and 2021 and costs to fall, its chief executive officer said on Tuesday. Chief Executive Officer Mark Cutifani said the company, which has mining operations in Southern Africa, North and South America and Australia, expects 2018 production to be 2 percent higher than its previous forecast. The miner sees a 3 percent rise in production in 2019 and a further 5 percent boost in both 2020 and 2021.

Man hit by train, left critically injured in Southfield

A man, believed to be in his 50s, was left critically injured when he was hit by a train near the Southfield Station in Southfield, Western Cape. ER24 paramedics, along with Life Healthcare, arrived on the scene to find the Fire Services already in attendance. On closer inspection, paramedics found the man lying next to the tracks.

ANGLO AMERICAN PLC - Anglo American: further performance improvements and growth outlook

Wrap Text Anglo American: further performance improvements and growth outlook Anglo American plc (the "Company") Registered office: 20 Carlton House Terrace, London SW1Y 5AN Registered number: 3564138 (incorporated in England and Wales) Legal Entity Identifier: 549300S9XF92D1X8ME43 ISIN: GBOOB1XZS820 JSE Share Code: AGL NSX Share Code: ANM 11 December 2018 Anglo American: further performance improvements and growth outlook Anglo American plc ("Anglo American" or "the Group") is today hosting a briefing for investors and analysts to provide an update on the Group's current and projected operational and financial performance. The briefing will cover guidance for the next three financial years, including capital expenditure, and an update on Anglo American's broad range of organic growth options, which are subject to ongoing strict capital allocation discipline. Mark Cutifani, Chief Executive of Anglo American, said: "We have completely transformed the quality of our asset portfolio and our performance as a whole over the last five years.

THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: THE STANDARD BANK OF SOUTH AFRICA LIMITED - ISSUE OF STOCK WARRANTS

Wrap Text SCIB: THE STANDARD BANK OF SOUTH AFRICA LIMITED - ISSUE OF STOCK WARRANTS THE STANDARD BANK OF SOUTH AFRICA LIMITED ISSUE OF STOCK WARRANTS Underlying Instrument Issue size Exercise Price Ratio Warrant Style Exercise Date ISIN Codes JSE Codes Anglo American Plc 100 MILLION R 315.00 110 American Call 06-Aug-19 ZAE000266144 AGLSBM Bhp Group Plc 100 MILLION R 300.00 120 American Call 06-Aug-19 ZAE000266136 BHPSBA Exxaro Resources Ltd 100 MILLION R 145.

THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: THE STANDARD BANK OF SOUTH AFRICA LIMITED - ISSUE OF KNOCKOUT! WARRANTS

Wrap Text SCIB: THE STANDARD BANK OF SOUTH AFRICA LIMITED - ISSUE OF KNOCKOUT! WARRANTS THE STANDARD BANK OF SOUTH AFRICA LIMITED ISSUE OF KNOCKOUT! WARRANTS Underlying Instrument Issue size Knockout Level Ratio Warrant Style Exercise Date JSE Codes ISIN JSE TOP40 INDEX 100 MILLION 41,000 500 European Call 03-Oct-19 TOPSKD ZAE000266094 JSE TOP40 INDEX 100 MILLION 51,000 500 European Put 03-Oct-19 TOPSKY ZAE000266086 JSE TOP40 INDEX 100 MILLION 50,000 500 European Put 03-Oct-19 TOPSKZ ZAE000266037 The Issuer Regulation Division of the JSE Limited ("JSE") has approved the listing of the abovementioned Knockout! warrants and trading will commence on 11 Dec 2018. All members of the JSE may participate in trading which will occur according to normal JSE Rules. Settlement will be effected electronically through Strate.

ABSA BANK LIMITED - Interest Payment Notification - BIABS and ABGI

Wrap Text Interest Payment Notification - BIABS and ABGI ABSA BANK LIMITED (Incorporated with limited liability in South Africa under registration number 1986/004794/06) Bond Issuer Code: BIABS (""Absa") ABSA GROUP LIMITED (formerly known as Barclays Africa Group Limited) (Incorporated with limited liability in South Africa under registration number 1986/003934/06) Bond Issuer Code: ABGI ("ABSA Group" or "ABGI") INTEREST PAYMENT NOTIFICATION Noteholders are advised of the following interest payments and their respective interest payment dates. Interest Amount Interest Payment Date Note ISIN Coupon Rate (ZAR) BGL15 ZAG000142746 10.813% 17,497,507.

EOH HOLDINGS LIMITED - EOHs R1 Billion BEE Transaction Advances, R250 Million Second Tranche Payment Received & BEE Sharehol

Wrap Text EOH's R1 Billion BEE Transaction Advances, R250 Million Second Tranche Payment Received & BEE Shareholding Increases EOH HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/014669/06) Share code: EOH ISIN: ZAE000071072 ("EOH" or the "Group") EOH'S R1 BILLION STRATEGIC BLACK ECONOMIC EMPOWERMENT ("BEE") TRANSACTION ADVANCES, R250 MILLION SECOND TRANCHE PAYMENT RECEIVED AND BEE SHAREHOLDING INCREASES Unless otherwise defined, capitalised words and terms contained in this announcement shall bear the meanings ascribed thereto in the circular to EOH shareholders dated Monday, 20 August 2018 ("Circular"). EOH Shareholders are referred to the Circular and the announcement published on SENS on Monday, 1 October 2018, relating to, inter alia: - the strategic partnership and BEE transaction between EOH and Lebashe ("Transaction") becoming wholly unconditional and being implemented; - receipt by EOH of R500 million from Lebashe pursuant to the Initial Subscription and the First Tranche of the Subscription Undertaking; and - the issue by EOH of the Subscription EOH Ordinary Shares, the Subscription EOH A Shares and the First Tranche to Lebashe. EOH is pleased to advise that, following receipt by EOH of R250 million from Lebashe pursuant to the Second Tranche of the Subscription Undertaking, a further 8 346 199 (eight million three hundred and forty six thousand one hundred and ninety nine) EOH Ordinary Shares have been issued to Lebashe.

SA mining output up 0.5% year/year in October

JOHANNESBURG - Mining production increased by 0.5 percent on a year-on-year in October, Statistics South Africa said on Tuesday. It said the largest positive contributors were platinum group metals (PGMs), where output was up 21.

These South Africans made global headlines in 2018

South Africans have made waves locally and globally in sport, business and innovation, as well as in music and film. Here are a few South Africans who went for world domination and held the flag high in 2018.  1.

CSIR names board of directors

Science and technology minister Mmamoloko Kubayi-Ngubane has announced the six new board members of the Council for Scientific and Industrial Research (CSIR). The board of directors, who were appointed by the minister and endorsed by Cabinet, will bring specific domain expertise in the area of science and technology, effective from 1 January. Among the new board members are Google's regional Africa director, Stafford Masie; MD of SDB Gas, Cassim Ebrahim Shariff; and Dr Amber-Robyn Childs, lecturer at the Department of Ichthyology and Fisheries at Rhodes University.

BESTIES IN BUSINESS!

TWO best friends have perfected the art of juggling their business with the corporate world. Gugu Sithole and Mmathabo Mofokeng, both 27-year-olds, are on a quest to redefine the modern female entrepreneur by dabbling in the corporate world of marketing and simultaneously starting a beauty spa in Soweto. Glogetter Spa Therapy situated in Mofolo, Soweto, has been operating for nearly three months, but the friends-turned-business partners, said the idea had existed for over a year.

SA business delegation arrives in Egypt for trade fair

CAPE TOWN, December 11 (ANA) - A delegation of South African businesses arrived in Cairo, Egypt on Tuesday to participate in the inaugural Intra- African Trade Fair (IATF), the department of trade and industry (DTI) said. 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.

Integrating access with OHS and operations

Occupational Health and Safety (OHS) controls have become as important as security controls when it comes to the control of access to a facility or restricted environments. Many clients today need to check and manage statutory accreditations and competency prerequisites prior to allowing personnel and visitors onto their premises or work areas. Some of these requirements include legislative, HR, health and safety, and accreditation or competency (training and induction) prerequisites.

Armitage Outfitters: KZN's new one-stop-shop for men's grooming and apparel

After working in the retail trade for 23 years, Neville Armitage has realised his dream of opening his own store. Founder of Armitage Outfitters, Neville Armitage.Armitage Outfitters, based in Umhlanga's new Park Square development, is a one-stop-shop for men's grooming and apparel.

Standard Bank launches direct custody services in Angola

Standard Bank has announced the launch of Direct Custody Services in Angola which expands its African custody coverage to 15 countries across the continent, maintaining the bank's leading position as the largest Investor Services provider in Africa. Angola's still-developing capital market infrastructure, including that of a proposed stock exchange, means that Standard Bank's custody capability in Angola "provides a critical financial market architecture assisting domestic and, in time, global investors to leverage opportunity in this exciting high growth African market," says Charl Bruyns Head of Investor Services and Financial Institutions for Standard Bank Group. Angola is a critical link in Standard Bank's African custody services strategy which aims to provide domestic, global and regional institutional investors with complete coverage across the sub-Saharan Africa region.

Qedani Mahlangu, Brian Hlongwa wanted out of Gauteng PEC

Form here Gauteng Health MEC Qedani Mahlangu has been informed that the ANC's National Working Committee decided to that she should step down as Gauteng PEC member. In a letter from ANC deputy general secretary, Jessi Duarte, says the NWC recommends Qedani Mhklangu and Brian Hlongwa should step down from the Gauteng PEC but both to remain as ANC members. Embattled ANC Gauteng leaders Qedani Mahlangu and Brian Hlongwa have no other option but to resign from their roles as provincial executive committee (PEC) members.

20+ products South Africans buy that make Johann Rupert richer by the day

Many South Africans became more aware of billionaire businessman Johann Rupert thanks to the publicity he's been getting lately. What people are less aware of, is how they're making Rupert richer every day. You'd be surprised just how many of his products are in your home right this minute.

No room for another mobile operator in Zim

Zimbabwe telecoms regulator, the Post and Telecommunications Regulatory Authority (Potraz) has confirmed it will not license any additional mobile company in the near future because of the country's limited spectrum and said there is no allowance for regional or segmentation licensing. According to Potraz, the country does not have the capacity to accommodate other telecoms companies. "Zimbabwe has to live within its spectrum, and the spectrum is a scarce commodity," said Engineer Baxton Sirewu, Director of Technical Service at Potraz.

These South Africans made global headlines in 2018

South Africans have made waves locally and globally in sport, business and innovation, as well as in music and film. Here are a few South Africans who went for world domination and held the flag high in 2018.  1.

UK shares stage tentative recovery as May seeks Brexit deal tweaks

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.4 pct; midcap index flat * WPP, Ashtead lead gainers after updates * Banks biggest drag to FTSE, miners rise By Danilo Masoni MILAN, Dec 11 (Reuters) - UK shares sought to join a global equity recovery on Tuesday as the pound stabilised above 20-month lows, although banks and other domestically exposed stocks fell further as uncertainty grew over Britain's exit from the European Union. The FTSE 100 top share index rose 0.

Upgraded burner management system solution delivered

In a first for Rockwell Automation South Africa, its SSB division successfully upgraded the burner management system (BMS) at SAPPI's Ngodwana Mill's chemical recovery plant in Mpumalanga to SIL II standards using its ControlLogix controllers and I/O modules. The scope of work was to change out the hard-wired BMS to a ControlLogix BMS that complied to SIL II requirements for SAPPI's chemical recovery furnace - essentially upgrading SAPPI's BMS to a safer system. The scope included delivery of the architecture, the hardware, and software combined in a single package format with a customisable configuration to integrate it with the rest of SAPPI's plant's system.

UK shares stage tentative recovery as May seeks Brexit deal tweaks

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.4 pct; midcap index flat * WPP, Ashtead lead gainers after updates * Banks biggest drag to FTSE, miners rise By Danilo Masoni MILAN, Dec 11 (Reuters) - UK shares sought to join a global equity recovery on Tuesday as the pound stabilised above 20-month lows, although banks and other domestically exposed stocks fell further as uncertainty grew over Britain's exit from the European Union. The FTSE 100 top share index rose 0.

PIC managers investigated over R9bn Steinhoff BEE deal

EDINBURGH — Africa's biggest fund manager, the Public Investment Corporation, is being investigated in connection with a loan to Steinhoff, the global retailer that has been on the brink of collapse since this time last year. A commission of inquiry into the PIC has asked for detailed reports on recent investments involving politically connected individuals. The PIC's R9bn loan in August 2016 to Lancaster 101 enabled it to acquire a 2.

Harmony to secure Wafi-Golpu mining permit by mid-2019

Harmony Gold and its Australian partner have reached an agreement with Papua New Guinea's government, marking mid-2019 for the mining permit Harmony Gold and its partner signed an agreement with the Papua New Guinea government to clear the way to secure a mining permit by the middle of 2019 to start the Wafi-Golpu copper and gold mine. Harmony and its partner, Australia's Newcrest Mining, released an updated feasibility study in March 2018 showing the cost to bring the mine into commercial production would be about $2.8bn.

QEDANI AND BRIAN TOLD TO GO!

Embattled ANC Gauteng leaders Qedani Mahlangu and Brian Hlongwa have no other option but to resign from their roles as provincial executive committee (PEC) members. News24 has seen a letter in which Mahlangu is informed that the ANC's national working committee (NWC) has endorsed a recommendation that she steps down from the PEC. The letter was drafted by the Gauteng ANC's deputy provincial secretary, Nomantu Nkomo-Ralehoko, and was addressed to Mahlangu.

7 things you need to know today

Morocco's thriving automotive industry was expected to see the country become the largest car manufacturer in Africa by 2020. Photo: Supplied. CAPE TOWN -  Good morning.

Top African tracks for 2018 on Apple Music A-list

The Apple Music A-list for African artists for 2018 makes for interesting reading. 2018 has been a year of powerhouse tracks, with African artists producing world-class music, music videos and even performances. From Nigeria to Ghana, South Africa and Cameroon; The African continent pumped out hits.

Nedbank repeatedly breaks antiterrorism laws in Mozambique, but who calls it out?

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. Nedbank was fined twice in 2018 by the Central Bank of Mozambique for violating laws against financial terrorism, but there appears to be a lack of accountability for South African entities conducting illegal activities outside the country. South African corporations and financial institutions have a questionable ethical record in the rest of Africa.

CompComSA: Latest decisions by the Competition Commission

Key decisions on mergers and acquisitions   Rebel Packaging (Pty) Ltd (Rebel) v West Coast Paper Traders (Pty) Ltd (West Coast)                                                                     The Commission has recommended to the Competition Tribunal (Tribunal) that the proposed merger, whereby Rebel intends to acquire West Coast, be approved, without conditions.   Rebel is a wholly owned subsidiary of Mpact Limited (Mpact). Mpact is a paper and plastics packaging manufacturer with operations in South Africa, Mozambique, Namibia and Botswana.

Qedani Mahlangu, Brian Hlongwa told to step down from ANC Gauteng PEC

Embattled African National Congress (ANC) Gauteng leaders Qedani Mahlangu and Brian Hlongwa have no other option but to resign from their roles as provincial executive committee members. News24 has seen a letter in which Mahlangu was informed that the ANC's National Working Committee (NWC) has endorsed a recommendation that she step down from the provincial executive committee. The letter is drafted by the Gauteng ANC's deputy provincial secretary, Nomantu Nkomo-Ralehoko , and is addressed to Mahlangu.

GLENCORE PLC - GLN: Transactions In Own Shares-10 December 2018

Wrap Text GLN: Transactions In Own Shares-10 December 2018 Glencore plc (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64 Baar, Switzerland 11 December, 2018 Transactions in own shares-10 December 2018 Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited. Date of purchase: 10 December 2018 Aggregate number of ordinary shares of USD 0.

Should one hedge Baby City spending with purchases in the stock market?

Jean Pierre Verster, a hedge-fund manager with Fairtree Capital says new parents' desire to buy the best for their first child is a huge drawcard for companies involved in making high-margin baby gear, particularly as people in developed markets are generally having fewer kids, and spending more per child as a result. In China, chances are that children are only children of only children — and with no other siblings for grandparents to dandle on their knee, "That means there's always an investment opportunity when people are spending more money on a particular need, especially when there's an emotional connection," he says. Sadly, companies have cottoned on to this dynamic.

ALEXANDER FORBES GROUP HOLDINGS LIMITED - Unaudited interim results and cash dividend announcement for the six months ended

Wrap Text Unaudited interim results and cash dividend announcement for the six months ended 30 September 2018 Alexander Forbes Group Holdings Limited Registration number: 2006/025226/06 Tax reference number: 9404/921/15/8 JSE share code: AFH ISIN: ZAE000191516 (Incorporated in the Republic of South Africa) UNAUDITED INTERIM RESULTS AND CASH DIVIDEND ANNOUNCEMENT for the six months ended 30 September 2018 EXECUTIVE OVERVIEW Alexander Forbes is dedicated to delivering outstanding employee benefits solutions, administrative services and investment management solutions for institutional clients and to securing the financial well-being of individual members. We do this by offering a broad range of retirement, consulting, asset management, insurance and wealth management solutions. The operating environment has been difficult over the reporting period, with the domestic economy having entered a technical recession.

HAMMERSON PLC - Transaction in Own Shares

Wrap Text Transaction in Own Shares Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 ("Hammerson" or "the Company") Transaction in Own Shares 11 December 2018 The Company announces that on 10 December 2018, in accordance with the authority given to the Company by its shareholders and pursuant to a share repurchase programme, it purchased for cancellation from J.P. Morgan Securities plc the following ordinary shares: Highest Lowest VWAP No.

KIBO ENERGY PLC - SEPCOIII Strategic Development Agreement

Wrap Text SEPCOIII Strategic Development Agreement Kibo Energy PLC (Incorporated in Ireland) (Registration Number: 451931) (External registration number: 2011/007371/10) Share code on the JSE Limited: KBO Share code on the AIM: KIBO ISIN: IE00B97C0C31 ("Kibo" or "the Company") Dated: 11 December 2018 Kibo Energy PLC (‘Kibo' or the ‘Company') SEPCOIII Strategic Development Agreement Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused energy company, announces that further to the announcement dated 3 December 2018, the Board of Kibo has elected to extend the deadline for the final confirmation of the Strategic Development Agreement ("SDA") with SEPCOIII (announced 3 July 2018), for a further 4 months to 30 March 2019. It has been agreed that this is a period of non-exclusivity during which Kibo can enter into discussions with alternative interested parties. The Company's relationship with SEPCOIII remains a strong and positive working relationship as is reflected in their continued close co- operation to finalize the SDA referred to above and on the development of the Mbeya Coal to Power Project, where the parties have amongst others signed a joint development agreement and EPC contract.

SANTAM LIMITED - SNT02 and SNT04 - Interest Payments Notification

Wrap Text SNT02 and SNT04 - Interest Payments Notification SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN Bond code: SNT02 ISIN: ZAG000135120 Bond code: SNT04 ISIN: ZAG000144726 ("Santam") INTEREST PAYMENTS NOTIFICATION Bondholders are advised of the following interest payment due 27 December 2018: Bond code: SNT04 ISIN: ZAG000144726 Coupon: 9.108% Interest period: 27 September 2018 to 26 December 2018 Interest amount due: ZAR 22 707 616.44 Payment date: 27 December 2018 Date Convention: Following Business Day Bondholders are advised of the following interest payment due 14 January 2019: Bond code: SNT02 ISIN: ZAG000135120 Coupon: 9.

Business #9 The small wind turbine with big ambitions

For the fourth year in a row, Solutions&Co brings together 20 major economic newspapers from around the world to explore and highlight concrete solutions in the fight against climate change. Luxembourg company Swirl has developed a smart mini turbine that combines wind energy, solar power and cloud technology Luxembourger Joseph Hess has developed an innovative concept that combines wind energy, solar power and cloud technology to integrate energy production into a local grid network. The engineer is currently negotiating with several African countries interested in buying the technology.

MainOne CEO, Funke Opeke honored with Data Centre Dynamics "Business Leader of the Year" award

The Data Centre Dynamics (DCD) Awards has announced MainOne CEO Funke Opeke the 2018 Data Centre Dynamics Business Leader of the Year during the 2018 edition at the Royal Lancaster, London on Thursday, December 6, 2018. The Business Leader of the Year Award recognises a company or individual who has done the most over the past 12 months to build the profile of the data centre industry to key stakeholder groups including investors, shareholders, financiers, owners, operators, the media and/or government. Selected by an independent panel of data centre experts from hundreds of entries from across the world, Opeke was recognized for her role in leading her company, MainOne to success in West Africa, taking on the task of building a Tier III certified data centre from the ground up with cables connecting it to the rest of the world, as well as her ability to assert herself, deliver results and actively take on challenges within a male-dominated field while encouraging other women in her team to do the same.

EMERGING MARKETS-India recovers as trade fuels emerging market bounce

Dec 11 (Reuters) - Emerging stock markets rose on Tuesday, led by a boost for China from signs of more trade dialogue with the United States, while Indian markets steadied after a dive sparked by the abrupt departure of central bank Governor Urjit Patel. Shanghai's main indices and Hong Kong shares all ended higher after Beijing's Commerce Ministry said Vice Premier Liu He had discussed the road map for the next stage of talks with senior U.S.

JSE rebounds 1% in broad-based gains, led by Naspers

The local bourse has recovered well from Monday's global equity sell off, although geopolitical risk and domestic woes still threaten A strong showing by market heavyweight Naspers helped lift the JSE on Tuesday, with the local bourse recovering from Monday's sell-off. At 10am the all share was up 0.99% to 50,932 and the top 40 to 1.

Gauteng Company Eyes Business Opportunities in Egypt

The Managing Director of T-Legacy Components SA, a clothing and textile firm based in Midrand, Gauteng, Ms Sithenjiwe Masuku says she is determined to explore big business opportunities at the inaugural Intra-African Trade Fair (IATF) scheduled to take place in Cairo, Egypt from 11 - 17 December 2018. The company received financial backing from the Department of Trade and Industry's ( the dti ) Export Marketing and Investment Assistance (EMIA) Scheme to participate at the trade fair. The seven-day trade show provides a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals.

NEW FORD TOURNEO CUSTOM PEOPLE MOVER OFFERS THE BEST SEAT IN THE HOUSE FOR BUSINESS OR LEISURE

Author Type: Press Release Author: Ford South Africa Source: Ford South Africa Ford reveals new Tourneo Custom people mover with bold exterior styling and updated, high-quality interior Spacious and luxurious cabin features rear seating for six occupants Tourneo Custom comprehensively re-engineered to provide superior refinement and quality Tourneo features powerful yet economical 2.2-litre Duratorq TDCi engine and six-speed manual transmission PRETORIA, South Africa, 10 December 2018 - Ford Motor Company of Southern Africa (FMCSA) has introduced its versatile new Tourneo Custom, which delivers first class travel in extensively revised and more premium interior. The latest model is also distinguished by its bold new front-end design with five-bar chrome grille.

Business speakers set to inspire

Driving growth and prosperity in the country with a positive mindset and excellence is the purpose of the two-day Real Success 2019 Make 2019 Your Best Year Ever event which will take place on 19 and 20 January at the Gallagher Convention Centre. During a press conference at Palazzo, Montecasino on 26 November, the event is set to feature five inspiring South African multi-millionaires, as the focus will be on mindset, financial independence, business and overall quality of life. The event, which is free of charge and will accommodate 4 000 people at the venue and at least 2 000 watching online, will be designed to inspire and empower South Africans and guests from all over the world participating online to make 2019 their best year regardless of their circumstances.

Cape Town, Western Cape secures over R1bn in business events

Cape Town and the Western Cape Convention Bureau has secured 24 business events to the value of over R1bn - an amount which has surpassed the annual target of R260m. Meetings secured are expected to attract 32,080 delegates between May and September. ©Nolre Lourens via 123RF "This is an exceptional achievement as we emerge out of a challenging year.

Current SABC management can't run the business: Motsoeneng

Former South African Broadcasting Corporate (SABC) COO Hlaudi Motsoeneng says the public broadcaster needs a competent board and management to get it out of its current technical insolvency. He says the SABC is technically insolvent because its current management does not know how to do business. Motsoeneng was fired from SABC after being found guilty of putting it into disrepute for holding a media briefing in which he criticised the public broadcaster.

Why entering the PRISM Awards makes great business sense

Tom Manners, managing director of Clockwork media, says that winning Large Agency of the Year at the PRISMs in 2017 and 2018 fundamentally changed his business. "For a young startup, it put us on the map and we were suddenly included in many pitches and RFP processes that we hadn't seen before. It has played a major role in our evolution as an agency in terms of what we are today," says Manners.

Sishen Iron Ore Company - Community Development Trust (SIOC-cdt) invests in social impact research with a difference

In November 2018, the Sishen Iron Ore Company - Community Development Trust (SIOC-cdt) contracted Citizen Surveys to conduct a needs analysis within the five local municipalities in which it operates. This will assist the Trust to update its Community Development Strategy and ensure that it can have a meaningful impact on these Northern Cape and Limpopo communities. Established in 2006 by Kumba Iron Ore Limited to invest in the development of the communities in which the company operates, SIOC-cdt derives dividends from its shareholding in the Sishen Iron Ore Company (SIOC) and has spent over R1bn so far in community development projects.

Waste-to-energy initiative launched at N1 City Mall in Cape Town

With the City of Cape Town working to ban wet waste from its landfills from 2022 many organisations are already implementing solutions to tackle the problem of organic waste. One example is Growthpoint Properties which recently partnered with the Waste Transformers from the Netherlands to leverage end-of-pipeline food waste from shopping malls by adopting a de-centralised approach to organic waste. Together the companies installed an on-site anaerobic digester at the N1 City Mall in Cape Town that which will processes waste from the mall to generate clean methane.

Qedani Mahlangu, Brian Hlongwa told to step down from ANC Gauteng PEC

Embattled ANC Gauteng leaders Qedani Mahlangu and Brian Hlongwa have no other option but to resign from their roles as provincial executive committee members. News24 has seen a letter in which Mahlangu i informed that the ANC's National Working Committee (NWC) has endorsed a recommendation that she step down from the provincial executive committee. The letter is drafted by the Gauteng ANC's deputy provincial secretary, Nomantu Nkomo-Ralehoko, and is addressed to Mahlangu.

SA artists shine on Apple Music's African A-list playlist

Highlighting the continent's hottest artists including South Africa's Sho Madjozi, Nasty C, Darkie Fiction and Shane Eagle, Apple Music's A-List: African Music playlist comes to life with a one hour special airing Wednesday 12th December at 8pm. The special showcases the sounds coming out of Africa, and includes interviews with artists like Nasty C, who discusses the shift in afrobeat culture. The playlist also includes other African artists like Wurld, Petite Noir, Kwesi Arthur and Amaarae.

Growthpoint prepares for Cape Town's planned ban on wet waste at landfills

JSE-listed real estate investment trust (Reit) Growthpoint Properties has partnered with Waste Transformers - an organisation based in Netherlands - to leverage end-of-pipeline food waste from the Reit's shopping malls and to adopt a decentralised approach to organic waste. This comes ahead of plans by the City of Cape Town to ban wet waste from landfills from 2022. Growthpoint has already installed an on-site, anaerobic digester at the N1 City Mall, in Cape Town, which is processing waste from the mall to generate clean methane.

Growing the economy a priority for turning SA's tide

Ramaphosa and his government must find the courage and impetus to take SA forward for future generations. Chairman of Aspen Pharmacare and Massmart-Walmart, Kuseni Dlamini, says now that President Cyril Ramaphosa's signature summits (jobs and investment) have come and gone, it is time for all South Africans to get on with the job of fixing the economy by uniting around a bold and compelling vision of the future. Dlamini, who wrote an opinion piece on the need for Government to find ways to grow the economy; address the challenge of dangerously high youth unemployment,and reverse pressing national challenges such as poverty, inequality and social unsrest, says time is running out.

Review of Parliament 2018....

The Fifth Parliament has given us a lot of "firsts". Another such milestone was achieved early in February when the Legislature postponed the State of the Nation Address (SONA). Even by this Parliament's unpredictable standards, this was an extraordinary decision.

Mining stocks party on global uncertainty

File photo: African News Agency (ANA) JOHANNESBURG - Mining stocks closed yesterday's trading session deep in the black, taking advantage of the weak rand battered by Brexit uncertainty and the continuing strain in relations between the US and China. The gold mining index surged 4percent on the local bourse as a slide in global shares pushed investors to seek shelter in bullion. Sibanye Gold went up 5.

Constructive dialogue is key to SA's future

Given Mkhari, founder and chairperson of Power FM, came in for a lot of criticism this past week after his conversation with Richemont chair Johann Rupert rubbed a lot of people up the wrong way. It is very naive of anyone to think that the outcome of the conversation would have been anything but a trigger for a lot of black people because of the road our country has travelled. The billionaire entrepreneur has come to be perceived as the face of the "Stellenbosch mafia", a group of very wealthy Afrikaans business people who made the most of what apartheid had to offer to get as rich as they have.

Big coal wants consumers to pay for fixing its pollution problem

The CCS technology siphons pollution away from the chimneys of industrial plants and injects it permanently underground. Some of the world's biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world's biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming.

#BlackFriday: Top 8 items bought from TFG

CAPE TOWN - The Foschini group (TGF) said in a statement that Woven ribbed towels, coffee machines and Kaizer Chiefs football jerseys were hot ticket online items for the Black Friday. Black Friday and Cyber Monday, now the biggest sales spree for retailers in South Africa, saw TFG's brands and its new online marketplace, myTFGworld, shifting into high gear, as thousands of shoppers flocked to stores and online to take advantage of the deals. "The Black Friday period was a great success, with over 50% increase in sales online, compared to the same period in 2017," said TFG CIO Brent Curry.

Wits has a new chancellor

Wits University has welcomed Dr Judy Dlamini as their new chancellor. One of Africa's premier institutions of higher learning, Wits University, is proud to announce that they have installed Dr Judy Dlamini as their new chancellor. She is the first women in the history of the university to hold this position.

AForbes interim results September 2018

Taking into account the group's current and projected regulatory position, the available cash in the group as well as the highly cash-generative nature of the group, a dividend declaration has been considered. The board of directors have declared an interim gross cash dividend of 18 cents (14.4 cents net of dividend withholding tax) per ordinary share for the six months ended 30 September 2018, unchanged from the comparable prior-year period.

Two clear winners in low-cost banking battleground

Two banks are clear winners between the seven that offer entry-level/vanilla bank accounts. A Moneyweb analysis of fees on these accounts, based on certain transactional behaviour, reveals a very competitive market. Aside from the ‘big five', Old Mutual entered the space in 2015 with its Money Account (operated using Bidvest's banking licence), while TymeBank (owned by African Rainbow Capital Investments) soft-launched in November.

Mynwese aandele begin nuwe week op ‘n sterk noot

Impala Platinum, Sibanye Gold en AnlgoGold Ashanti se aandeel-pryse klim. Jean-Pierre de Villiers, portefeuljebestuurder by Rock Capital Management gee sy markoorsig vir Maandag. Content hosted by iono.

The news that broke the internet in 2018

Form here If you thought 2017 was filled with drama in South Africa, you definitely weren't ready for what was to come in 2018. We saw the rise and fall of some of the country's biggest politicians, rare astronomical sights, aircrafts falling from the sky, fuel prices soaring to record highs, women standing up against sexual violence, culminating in the The Total Shutdown as well as a lot of bizarre and even fuzzy moments in-between. These are some of South Africa's top stories in 2018: Zuma resigns Some would argue that it's the best Valentine's Day gift he could have given South Africans.

#BlackFriday: These were the top 8 items bought from TFG

THE FOSCHINI Group has posted a strong performance from its Australian market with turnover rising to nearly R16bn. Armand Hough African News Agency (ANA) CAPE TOWN - The Foschini group (TGF) said in a statement that Woven ribbed towels, coffee machines and Kaizer Chiefs football jerseys were hot ticket online items for the Black Friday. Black Friday and Cyber Monday, now the biggest sales spree for retailers in South Africa, saw TFG's brands and its new online marketplace, myTFGworld, shifting into high gear, as thousands of shoppers flocked to stores and online to take advantage of the deals.

Mines, factories and salaries in the spotlight on Tuesday

A failed software project is expected to have dragged Alexander Forbes into an interim loss per share, and it is a busy day on the economics front Scrapping R339m spent on software development is likely to knock Alexander Forbes into a basic loss per share for the first half of its 2019 financial year. The insurance group warned shareholders on November 23 it expected to report on Tuesday a basic loss per share of about 4c for the six months to end-September. It reported basic earnings per share of 22c in the first half of its 2018 financial year.

Slippery Sandton courtyard tiles injure at least 6 people

One of Sandton's prestigious landmarks, the 11 Alice Lane group of buildings, commonly referred to as Standard Bank, has over the past year claimed at least six casualties. These people were seriously injured from falling on the polished and extremely slippery tiled floor of the open courtyard on the ground floor. Quantity surveyor Steven Schneid, who broke his right shoulder when he fell last year, described the floor as "a lethal pitfall".

Asian markets mixed, pound stuck around 20-month low

Asian equities were mixed on Tuesday as investor attempts to track gains in New York are weighed by a perfect storm of issues that have hammered global markets, while the pound remained stuck around 20-month lows on Brexit uncertainty. Bargain-buyers tried to step in after the latest sell-off but were unable to gain traction, with fears about the outlook for the global economy keeping sentiment beaten down. The China-US trade row, signs of softness in both countries' economies, the Huawei arrest, Brexit, demonstrations in France and tanking oil prices are among the problems facing investors, and analysts warned of more volatility to come.

Oil prices rise on Libyan export interruption, but markets remain weak

SINGAPORE (Reuters) - Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group. Despite that, overall sentiment on oil prices remained weak amid worries over global stock markets and doubts that planned supply cuts led by producer club OPEC will be enough to rein in oversupply. International Brent crude oil futures were at $60.

Business speakers set to inspire

MAGALIESSIG - During a press conference at Palazzo, the speakers explained that next year's motivational event is set to change people's lives. Driving growth and prosperity in the country with a positive mindset and excellence is the purpose of the two-day Real Success 2019 Make 2019 Your Best Year Ever event which will take place on 19 and 20 January at the Gallagher Convention Centre. During a press conference at Palazzo, Montecasino on 26 November, the event is set to feature five inspiring South African multi-millionaires, as the focus will be on mindset, financial independence, business and overall quality of life.

Protect your business from silly season risks

Latest RELATED news CommercialGetting to grips with ‘Silent Cyber'End-of-year checklist for businesses, big and small GeneralRisk Of Natural And Mining-Related Earthquakes On The Rise In South AfricaTraveling For Or Pleasure These Holidays - Things To ConsiderHigh Net Worth Individual RisksWhat's your ‘Home' for the holidays?It's the most dangerous time of the yearBudget holidays for South Africans.

90 years of business in South Africa

BMG, which acquired FPT Distribution SA (Fenner Power Transmission) over 20 years ago, celebrates Fenner's 90th year of business in South Africa this year. The BMG team is the exclusive distributors of  Fenner products, said to have been manufactured in South Africa for longer than any other power transmission brand. Fenner, established in England in 1861, remains a premium brand in power transmission which generations of professional engineers have depended on and trusted.

Keep your business safe over the festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. According to Malesela Maupa, head of insurer relationships at FNB Insurance Brokers, statistics show that criminal activities and burglaries increase exponentially over the festive season, especially in unoccupied offices and buildings. Therefore, having adequate short-term insurance cover in place will help business owners have peace of mind knowing their valuable assets are covered in the event of an unfortunate incident.

Keep your business safe over the festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. BUSINESS NEWS - Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. According to Malesela Maupa, Head of Insurer Relationships at FNB Insurance Brokers, statistics show that criminal activities and burglaries increase exponentially over the festive season, especially in unoccupied offices and buildings.

Keep your business safe over the festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. BUSINESS NEWS - Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. According to Malesela Maupa, Head of Insurer Relationships at FNB Insurance Brokers, statistics show that criminal activities and burglaries increase exponentially over the festive season, especially in unoccupied offices and buildings.

Failed IT upgrade drags Alexander Forbes into a loss

The pension fund manager and insurance group is working on a turnaround plan under new CEO Dawie de Villiers The reason why Alexander Forbes fired CEO Andrew Darfoor abruptly on September 25 became clearer on Tuesday morning when it released its interim results for the six months to end-September. The pension fund manager and insurance group reported it fell into a net loss of R47m in the first half of its 2019 financial year from a profit of R324m in the matching period. It nevertheless maintained its interim dividend at 18c "reflecting the group's optimism with regards to the sustainability of cash flows".

Sappi goes green with bio-based products

According to Sappi CEO Steve Binnie, the group's latest financial results show that it is ready to capitalise on market moves away from plastic to natural fibre and paper-based packaging. Sappi Biotech executive vice-president Louis Kruyshaar outline . Photo: Farmer's Weekly AGRICULTURAL NEWS - What are Sappi's historical core business and markets? In the 1990s and early 2000s, Sappi became a global business focused on manufacturing and marketing graphic, or printing, paper.

Sappi goes green with bio-based products

According to Sappi CEO Steve Binnie, the group's latest financial results show that it is ready to capitalise on market moves away from plastic to natural fibre and paper-based packaging. Sappi Biotech executive vice-president Louis Kruyshaar outline . Photo: Farmer's Weekly AGRICULTURAL NEWS - What are Sappi's historical core business and markets? In the 1990s and early 2000s, Sappi became a global business focused on manufacturing and marketing graphic, or printing, paper.

AB InBev cut by Moody's amid struggles to trim massive debt pile

Brewer is struggling to whittle down its $100bn debt load. Anheuser-Busch InBev's credit rating was cut to the lowest tier of investment-grade by Moody's Investors Service, which warned that the brewer is struggling to whittle down its $100 billion debt load. Moody's lowered AB InBev's senior unsecured debt ratings to Baa1 from A3, putting the world's largest beermaker three steps from junk, the ratings firm said in a statement Monday.

PE Business News: 10 best business books reviewed on The Money Show in 2018

Promote your business on BuyPE and MyPR . 10 best business books reviewed on The Money Show in 2018 : Nedbank brings you a wrap of the day's business news as well as insight into trends and … Lusanda Sulani and Zukiswa Sitho, appeared in the Port Elizabeth High Court on Monday. #LoadShedding: Things … Source: "Port Elizabeth" business - BingNews .

UPDATE 2-Oil prices rise on Libyan export interruption, but markets remain weak

* Libya's National Oil Company declares force majeure * But sentiment on prices remains weak amid stock market slump * Speculators cut their long crude positions to 2016 lows * Kuwait, Iran lower price for January oil supplies to Asia (Adds financial positioning data, updates price) By Henning Gloystein SINGAPORE, Dec 11 (Reuters) - Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group. Despite that, overall sentiment on oil prices remained weak amid worries over global stock markets and doubts that planned supply cuts led by producer club OPEC will be enough to rein in oversupply. International Brent crude oil futures were at $60.

Gauging the speed of gold mining's slide; end-game in sight

CAPE TOWN — For gold mining in South Africa to survive beyond a 15-year time horizon we'd need a surge in gold prices, an election-obsessed party no longer blindly supporting striking mining unions angry at ever-increasing lay-offs, accelerated deep mining safety measures and mining executives coming up with innovative cost cuts that don't compromise production or safety in any way.  That's one seriously tall order, hence predictions below that the gold industry is entering its final phase . While seasoned gold mining execs are obviously talking things up, saying there's money still to be made, they'd be harming their credibility if they didn't admit things are in serious decline.

Rwanda improves ease of doing business

According to the latest release of the World Bank doing business report, Rwanda improved 11 places to rank 29th from 41st position as of last. CNBC Africa's Michael Mugisha sat down with Rwanda Development Board's Chief Executive Clare Akamanzi, for the way forward to 2020 reforms. https://www.

Oil prices rise on Libyan export disruption, but markets remain weak

* Libya's National Oil Company declares force majeure * But sentiment on prices remains weak amid stock market slump * Kuwait, Iran lower price for January oil supplies to Asia (Recasts on Libyan supply disruption, adds physical prices) By Henning Gloystein SINGAPORE, Dec 11 (Reuters) - Oil prices on Tuesday clawed back some of their losses from the previous day as Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group. Despite that, overall sentiment on oil prices remained weak amid worries over global stock markets and doubts that planned supply cuts led by producer club OPEC will be enough to rein in oversupply. International Brent crude oil futures were at $60.

Australian business conditions ease again in November

SYDNEY, Dec 11 (Reuters) - An index of Australian business conditions eased in November, and while the survey still signalled solid employment growth inflationary and wage pressures remained subdued. The National Australia Bank's index of business conditions, released on Tuesday, slipped 2 points to +11 in November, but remained well above the long-run average of +6. The survey's volatile measure of business confidence also eased 2 points to a below average +3 in November.

State pension fund tries to get R1 billion independent loan repaid

The Government Employees Pension Fund (GEPF) is investigating ways of getting the R1 billion loan it made to Independent Media and related entities repaid. GEPF principal executive officer Abel Sithole said this comes after the multi-platform content company defaulted on a payment that was due in August. The GEPF is South Africa's largest pension fund, with 1.

How we make Johann Rupert rich daily

Johann Rupert is in your tea, on your sandwich and on your wine list. If you're not eating him, you're drinking him, writes Bonolo Ramokhele I missed the interview last week that had black people seething. The following day, I ran through Remgro's stable, which is one of Johann Rupert 's companies.

ANALYSIS: NPA's To-Do-List signals testing times ahead for Shamila Batohi

PRETORIA, SOUTH AFRICA - NOVEMBER 4: Newly appointed National Director of Public Prosecutions (NDPP) Advocate Shamila Batohi and President Cyril Ramaphosa during the announcement of her appointment at the Union Buildings on November 4, 2018 in Pretoria, South Africa. Batohi, who is the first woman to be appointed the National Director of Public Prosecutions (NDPP), will start her new role in February next year. (Photo by Gallo Images / Netwerk24 / Felix Dlangamandla) Nobody could deny that the new National Prosecuting Authority head, Advocate Shamila Batohi, has her work cut out for her.

Why it's so difficult to solve the retirement puzzle

How do you get someone to sacrifice something today so they can have something better tomorrow? "When I said, ‘Til death do us part' when I was 25, I didn't realise I was going to live to 100." This was the tongue-in-cheek comment from a financial planner when the issue of longevity came up during a retirement discussion. It is a subject not only married couples may be grappling with.

Elliott, Siris book Travelport on trip back to private markets for $4.4 bln

(Adds analyst quotes, background on Elliott's buyout arm, financial outlook) By Liana B. Baker and Aparajita Saxena Dec 10 (Reuters) - Travelport Worldwide Ltd said on Monday that buyout firms Siris Capital Group and Elliott Management will take it private for $4.4 billion, ending an eight-month effort by activist investor Elliott to buy the travel software company.

Nedbank repeatedly breaks antiterrorism laws in Mozambique, but who calls it out?

Nedbank was fined twice in 2018 by the Central Bank of Mozambique for violating laws against financial terrorism, but there appears to be a lack of accountability for South African entities conducting illegal activities outside the country. South African corporations and financial institutions have a questionable ethical record in the rest of Africa. Telecommunications company MTN has been fined by the governments of Uganda , Rwanda and twice Nigeria in the past three years alone.

Two clear winners in low-cost banking battleground

Only two banks lead in the vanilla account space. Two banks are clear winners between the seven that offer entry-level/vanilla bank accounts. A Moneyweb analysis of fees on these accounts, based on certain transactional behaviour, reveals a very competitive market.

Investment trust discounts at historic highs

JOHANNESBURG - Investment trusts used to be very popular for investors on the JSE. It was convenient placing your investment money in the hands of some expert businessmen, knowing where to invest and then mostly playing a role in the future of the company. A decent investment trust usually traded at around 10-15percent discount of the sum of its underlying value.

GLOBAL MARKETS-Global stock decline on growth, Brexit worries; Wall St gains

* European shares drop on political risk * Wall Street rebounds from early session fall * Oil surrenders some OPEC gains as stock markets soften (Updates with oil settlement prices, close of U.S. markets) By Chuck Mikolajczak NEW YORK, Dec 10 (Reuters) - A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs world economic growth was being curbed by the U.

Investment trust discounts at historic highs

JOHANNESBURG - Investment trusts used to be very popular for investors on the JSE. It was convenient placing your investment money in the hands of some expert businessmen, knowing where to invest and then mostly playing a role in the future of the company. A decent investment trust usually traded at around 10-15percent discount of the sum of its underlying value.

Here are your new banking fees for 2019

South Africa's retail banks have updated their fee schedules for 2019. FNB updates its fees in June, while Capitec's fees will be updated in February 2019. Old Mutual's Money Account fees are effective from October 2018, while Bidvest Bank's new Grow account has just launched.

South African gold industry enters final phase of slow death

Back in 1987, South African President Cyril Ramaphosa - then a 34-year-old labor union leader - led 300,000 black miners in a strike that symbolized resistance to the apartheid regime. Now, striking gold workers face a less politically charged battle, but one they can't win. The nation's 130-year-old gold industry - which has produced half the bullion ever mined on Earth - is locked in the final stages of a decades-long death spiral.

SA's MTN says still in talks with Nigerian authorities

MTN also faces a $2 billion tax demand from Nigeria's attorney general, a claim which the company has said is without merit. | JOHANNESBURG - South African telecoms firm MTN Group was still in talks with Nigerian authorities over an $8.1 billion dispute and a $2 billion tax demand in a bid to reach an agreement, Africa's biggest mobile operator said on Monday.

Tips to Keep your Business Safe this Festive Season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. According to Malesela Maupa, Head of Insurer Relationships at FNB Insurance Brokers, statistics show that criminal activities and burglaries increase exponentially over the festive season, especially in unoccupied offices and buildings. Therefore, having adequate short-term insurance cover in place will help business owners have peace of mind knowing their valuable assets are covered in the event of an unfortunate incident.

Business World Bank supports Egypt's reform agenda with $1 billion deal

On Sunday, 9th December 2018, the World Bank and Egypt signed an agreement of $1 billion at the Africa 2018 Investment Conference in Sharm El Sheikh, Egypt where the signing ceremony of the private sector development for inclusive growth development policy financing took place. The funding is to support the next phase of the country's reform program and finance the government's economic development program, "Egypt Takes Off". The focus of these programs is to create opportunities and raise the standard of living for Egyptians by promoting the private sector and improving government performance.

Business KPMG South Africa appeals for a second chance

The chairman of KPMG South Africa, Wiseman Nkuhlu, has appealed for the firm to be seen as a changed business, following months of efforts to regain public trust after becoming embroiled in major corruption scandals including the high-profile Gupta scandal. In recent times, KPMG hasn't had things sway their way having lost more than 20 listed audit clients since the Gupta family incident broke out in 2017 alongside other allegations of corruption against the firm. In an open letter published in South African newspapers, KPMG South Africa said the local unit of the auditing giant was "very different" from 18 months ago, after a period of significant introspection and change.

Nutella maker Ferrero in race to buy Campbell's international business-sources

(Adds details on Campbell's divestiture plans, company response) By Francesca Landini MILAN, Dec 10 (Reuters) - Ferrero SpA is interested in buying Campbell Soup Co's international business, which includes biscuit brand Arnott's, two sources close to the matter said on Monday. The Italian group based in the Piedmont region is working on a possible deal with Rothschild as advisers, one of the sources said, confirming an earlier report by Italian daily Il Sole 24 Ore. According to the newspaper, the deal could be worth more than $2 billion.

UK stocks battered as PM May delays Brexit vote

* FTSE 100 down 0.8 pct; FTSE 250 at Dec 2016 lows * PM May pulls vote on her divorce deal * Housebuilders, banks lead losers as Brexit uncertainty grows * Utilities, Royal Mail also fall on election worries * Interserve sinks to record low on rescue plan outline (Recasts, adds details, closing prices) By Danilo Masoni MILAN, Dec 10 (Reuters) - British shares fell on Monday as a delay to a parliamentary vote on Prime Minister Theresa May's Brexit deal threw the country's political future into the unknown, hitting the pound and domestically-exposed companies from housebuilders to banks. The delay to the vote which had been due on Tuesday opened a range of options for Europe's No.

PIC said to face Steinhoff probe

South Africa is investigating a R9bn loan made by the Public Investment Corporation (PIC) to a black economic empowerment (BEE) partner of embattled retailer Steinhoff International, according to people familiar with the matter. The probe will seek clarity on why Africa's largest money manager decided to later sell its collateral on the loan to Citigroup, said the people, who asked not to be identified as the details are private. The result was that the PIC was among those that lost heavily from Steinhoff's share price collapse in the wake of an accounting scandal a year ago.

Fin24.com | PIC said to face Steinhoff probe

South Africa is investigating a R9bn loan made by the PIC to a BEE partner of Steinhoff International, according to people familiar with the matter..

Official opening of The Greening of the Earth Centre

Vuyiswa Sethunya from Unisa explaining the biogas digester functionality The partnership between the University of South Africa (Unisa), mining company Exxaro Resources and the South African National Energy Development Institute (SANEDI) officially launched its first institutional anaerobic biogas digester at Earth Centre in Johannesburg on the 28th November 2018. The 10 cubic metre bio-digester uses a feedstock of horse manure diluted with a sustainable volume of water, including grey water, to produce biogas fuel for heating applications. In households, schools, early childhood development centres and community facilities, the fuel can be used for as a substitute for electricity or LPG.

Fin24.com | PIC said to face Steinhoff probe

South Africa is investigating a R9bn loan made by the PIC to a BEE partner of Steinhoff International, according to people familiar with the matter..

KLM, SAA & Safair earn feathers in their caps as OR Tambo's best performing airlines

OR Tambo International Airport has honoured the stakeholders and service providers that have helped to ensure that it retains its status as Africa's largest airport and regional hub.  The annual Feather Awards for airports, owned by Airports Company South Africa (ACSA), source the winners through independent surveys of passengers and other airport users. READ:  Is it safe to travel to Indonesia? Areas affected by natural disasters and travelling there in 2019   During its 2018 edition, which took place on Friday 7 December, the ACSA Board of Directors, led by recently appointed Chairman of the Board Advocate Sandile Nogxina, Captains of the Aviation Industry and ACSA's Economic Regulating Committee, took the opportunity to congratulate the 25 service providers and individuals for their outstanding performance throughout the year.

#IATF2018: SA textile firm eyes big business opportunities in Egypt

(ANA) - Gauteng-based clothing and textile firm, T-Legacy Components SA, has said that it was determined to explore big business opportunities at the inaugural Intra-African Trade Fair (IATF) this week, starting on Tuesday, in Cairo, Egypt..

New Ford Tourneo Custom People Mover Offers the Best Seat in the House for Business or Leisure

Ford Motor Company of Southern Africa (FMCSA) has introduced its versatile new Tourneo Custom, which delivers first class travel in extensively revised and more premium interior. The latest model is also distinguished by its bold new front-end design with five-bar chrome grille. The Tourneo people mover has been comprehensively re-engineered to provide superior levels of refinement and sophistication, including high-quality trim materials, along with improved comfort and noise levels.

Cape Town, Western Cape attracts over R1bn business tourism

Executive Mayor of Cape Town, Dan Plato said this news confirms why Cape Town was this month awarded the title of "World's Leading Festival and Events Destination" at the 2018 World Travel Awards. Photo: Zukiswa Minyi/African News Agency (ANA) CAPE TOWN - Cape Town and the Western Cape Convention Bureau, part of the tourism unit at Wesgro, has managed to secure business events to the value of R1 billion - surpassing their annual upper band target of R260 million - in the first 6 months of the 2018/19 Financial year. Securing 24 bids expected to attract 32 080 delegates, the meetings secured are scheduled to take place mostly in the traditional low season of the province between May and September.

South African Students Win R50,000 In The Universities Business Challenge

Students from Mangosuthu University of Technology beat 500 students from 13 different universities across South Africa The Overlings from Mangosuthu University of Technology are the 2018 winners of Cognity Advisory's Universities Business Challenge (UBC), sponsored by General Electric (GE). The winning team of four students are walking away with R50,000 to turn their business idea into reality. Launched in July this year, the UBC has seen 500 students from 13 different universities across South Africa participate in a business simulation competition designed to develop entrepreneurship skills.

SA textile firm seeks big business opportunities in Egypt

Gauteng-based clothing and textile firm, T-Legacy Components SA, has said that it was determined to explore big business opportunities at the inaugural Intra-African Trade Fair (IATF) this week, starting tomorrow in Cairo, Egypt. Sithenjiwe Masuku, the managing director of T-Legacy, said it was an enormous opportunity for her emerging export firm to be involved in a trade fair of such magnitude. "I am hoping to establish some trade leads and also amplify my business brand to North Africa and beyond.

Paul O Sullivan's R4bn gift to SA - exposing corrupt Transnet deal linked to ConCourt judge

LONDON — In this fascinating interview, South Africa's ace crime fighter Paul O'Sullivan tells the story of how a call to the Forensics for Justice tip-off line resulted in the termination of a corrupt R4bn contract at Transnet, the country's rail and port utility. It also explains O'Sullivan's confidence that his country will overcome its challenges, helped by a SA equivalent of Brazil's Operation Car Wash. He explains how the corrupt network used a now well-exposed template, which in this case involved a major Italian construction group and with beneficiaries including the husband of one of South Africa's 11 Constitutional Court judges - the highest law making body in the land.

MARKET WRAP | Broad-based losses for the JSE as trade war threatens growth

The JSE weakened amid comprehensive losses on Monday, although gold miners benefited from safe-haven trade, as investors counted the cost of the US-China trade conflict. The trade spat was just one of the issues causing investor jitters on Monday, with markets bracing for the prospect of a no-deal Brexit, while ongoing protests in France are threatening activity in Europe's second-largest economy. Chinese export data earlier showed an unexpected fall in November, while Japan's GDP data for the third-quarter was downbeat, with its economy contracting 0.

GREENBAY PROPERTIES LIMITED - Cash distribution for the six months ended 30 September 2018

Wrap Text GREENBAY PROPERTIES LTD (Incorporated in the Republic of Mauritius on 14 August 2014) (Registration number C124756 C1/GBL) SEM share code: GFP.N0000 JSE share code: GRP ISIN: MU0461N00007 ("Greenbay" or "the Company") CASH DISTRIBUTION FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018 Shareholders are advised that the board of directors of Greenbay (the "Board") has declared a gross cash distribution of 0.25960 EUR cents per share for the six months ended 30 September 2018 (the "final distribution") based on the issued shares as at 7 December 2018.

AFRICAN RAINBOW MINERALS LIMITED - Results of the 85th Annual General Meeting

Wrap Text Results of the 85th Annual General Meeting African Rainbow Minerals Limited (Incorporated in the Republic of South Africa) (Registration Number 1933/004580/06) JSE Share code: ARI ISIN: ZAE000054045 ("ARM") Results of the 85th Annual General Meeting The shareholders of ARM ("Shareholders") are advised that at the annual general meeting of Shareholders ("Annual General Meeting") held on Friday, 7 December 2018, in terms of the notice of Annual General Meeting distributed to Shareholders on 30 October 2018, all of the resolutions tabled were passed by the requisite majority of votes cast by Shareholders present in person or represented by proxy. As at Friday, 30 November 2018, being the voting record date ("Voting Record Date"), the total issued share capital of ARM was 220 365 903 ("Issued Shares") and the total number of votable shares was 191 751 163 ("Votable Shares"). The number of ARM shares voted in person or by proxy at the Annual General Meeting was 167 103 542 shares, representing 75.

MEDICLINIC INTERNATIONAL PLC - Notification of major interest in Mediclinic International plc shares

Wrap Text Notification of major interest in Mediclinic International plc shares Mediclinic International plc (Incorporated in England and Wales) Company Number: 08338604 LSE Share Code: MDC JSE Share Code: MEI NSX Share Code: MEP ISIN: GB00B8HX8Z88 LEI: 2138002S5BSBIZTD5I60 ("Mediclinic", the "Company" or the "Group") 10 December 2018 Notification of Major Interest in Mediclinic International plc shares 1a. Identity of the issuer or the underlying issuer Mediclinic International plc of existing shares to which voting rights are at- tached: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer 2.

JSE weaker as stocks crumble amidst global economic growth concerns

The JSE started the week on the backfoot as it followed the trend in global equities which traded mostly weaker due to concerns over the US-China trade war. Sentiment remained fragile as concerns over weak Chinese and US economic data signaled a possible slowdown in the two of the world's biggest economies. The arrest of one of Huawei executives by the USA in Canada has also ignited worries of potential cracks on the possibility of a deal between the two global powers.

DRC's Gecamines to boost stake in Boss Mining

Kinshasa — Democratic Republic of Congo (DRC) state mining company Gecamines says it will increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49% after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country. Congo is Africa's biggest copper and cobalt producer and also mines gold and diamonds, but it is one of the world's least developed countries with an annual budget of roughly $5bn.

Greenbay to be reborn as Lighthouse Capital

The restructured company will focus on directly held property, moving away from infrastructure funds and concessions Greenbay Properties' CEO Stephen Delport says the company will rebrand itself as Lighthouse Capital and shift its focus to directly held property and away from mainly investing in infrastructure funds and concessions. Greenbay is one of the four real-estate companies that are part of the Resilient stable of funds facing allegations of insider trading and market manipulation. The company chose to pay back nearly R10bn in cash to shareholders including two other members of the stable, Resilient and Fortress.

Visit these markets during the festive season

If you've left your festive shopping to the last minute, these festive markets are sure to offer gifts for everyone on your gift list! GAUTENG Moonlight Markets Each Tuesday evening from 20 November to 18 December: Bryanston, Johannesburg The Bryanston Organic & Natural Market will be transformed into festive Moonlight Markets, lit up by the sparkle of festive lights. Be entertained by expert musicians and buskers or enjoy the children's theater. Venue: 40 Culross rd (off Main rd), Bryanston, Johannesburg Time: 17:00 - 21:00 Cost: There is an entrance fee of R20 per adult with children under 12 entering free.

UPDATE 1-South African rand weaker on risk aversion sentiment, stocks fall

* Rand on the back foot amid growth concerns and stocked trade tensions * Stocks dip as Sino-U.S. concerns flare up (Add quotes and update prices) JOHANNESBURG, Dec 10 (Reuters) - South Africa's rand weakened more than 1 percent on Monday, in line with falls in stocks and some emerging market currencies, amid weak data from the world's biggest economies, concern over tension between the U.

FirstRand expands services

File photo: Simphiwe Mbokazi. INTERNATIONAL - FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources.

Vedanta Zinc International pegs ambitious growth plan on SA projects

Gamsberg in Northern Cape started first-phase production in 2018 and is expected to add up to 600,000 tons of zinc to the company's annual production In the stark and arid Northern Cape, 60km from Pofadder, lies the world's largest undeveloped zinc resource. Gamsberg, part of Vedanta's Zinc International SA operations, started first-phase production in 2018 and the project is expected to act as an anchor for the company's ambitious growth plans, adding as much as 600,000 tons of zinc to the company's annual production. Vedanta Zinc International is a subsidiary of Vedanta, a diversified resources company in India.

The 25 richest families in the world, ranked

Members of the Walton family speak during the annual Walmart shareholders meeting in Fayetteville, Arkansas. () The richest families in the world own billions, possessing $1.1 trillion (R15.