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Woolworths asks shareholders for R10bn
Woolworths asks shareholders for R10bn

JSE-listed clothing and food retailer Woolworths will raise about R10bn to repay the part of the money it borrowed to pay for its R21.6bn takeover of David Jones, the Australian retail chain.

By Nick Hedley 2 Sep 2014 11:18

New vehicle sales in August fall to 55‚722
New vehicle sales in August fall to 55‚722

New vehicle sales in August dropped 1.40% year-on-year to 55‚722‚ according to automotive data released this week.

2 Sep 2014 10:15

Rosebank Mall renovation hurts Hyprop's profits
Rosebank Mall renovation hurts Hyprop's profits

The cost of renovating the Mall of Rosebank contributed to Hyprop Investment's profit falling in the year to June, but the real estate investment trust (Reit) nevertheless raised its distribution 11.3% to R4.72.

By Alistair Anderson 2 Sep 2014 10:28

Government says it will protect textile sector
Government says it will protect textile sector

Government is determined to protect South Africa's clothing and textile sector, which has shown growth in recent years, says the Department of Trade and Industry (DTI).

2 Sep 2014 08:06

PMI up from 45.9 in July to 49 in August
PMI up from 45.9 in July to 49 in August

Activity in the manufacturing sector improved last month as workers that had gone on a month-long strike returned to work‚ boosting the purchasing managers' index (PMI)

2 Sep 2014 10:53

Net1's earnings improve as it moves beyond SA
Net1's earnings improve as it moves beyond SA

Net1 UEPS Technologies reported a rise in earnings for the year to June‚ boosted by a $26.6m recovery for the South African Social Security Agency (Sassa) contract it lost in a court dispute.

By Thabiso Mochiko 2 Sep 2014 09:24

Morvest revenue up to R1.1bn
Morvest revenue up to R1.1bn

Morvest, a JSE-listed support services provider reported revenue growth of 15% to R1.1bn for the year to May.

2 Sep 2014 09:49

No retrenchment of Ellerines workers yet
No retrenchment of Ellerines workers yet

The business rescue practitioners for Ellerines have not yet decided whether or not to retrench employees.

1 Sep 2014 11:00

Public servants must 'serve' the public
Public servants must 'serve' the public

South Africa's public servants have been told to roll up their sleeves and ensure that delivery systems and infrastructure are working for the benefit of all citizens.

1 Sep 2014 07:00

AG to probe corruption in Westonaria
AG to probe corruption in Westonaria

The Auditor-General's (AG) office will commence its investigation into allegations of corruption and maladministration at the Westonaria Local Municipality.

1 Sep 2014 07:47

Ascension surpasses its own growth targets
Ascension surpasses its own growth targets

Office-focused landlord Ascension Properties said it had beaten its portfolio growth target in its year ended June, with its property portfolio growing 46% to R3.7bn.

By Nick Hedley 1 Sep 2014 11:30

Danette Breitenbach
Eugene... the new face of banking radio?

Radio has long been the battlefield for banking. Over the past couple of years the banking sector, because of some guy called Steve, became even more competitive.

By Danette Breitenbach 29 Aug 2014 08:02

Government seeks to transform economy
Government seeks to transform economy

Deputy President Cyril Ramaphosa says government is working hard to build an economy that is able to generate jobs, while improving export competitiveness.

29 Aug 2014 07:11

Insurance schemes hurt medical aids
Insurance schemes hurt medical aids

Medical aid cover could become far more expensive, Wits Professor and Health Economist Alex van den Heever warned at the Board of Healthcare Funders' conference in Durban.

29 Aug 2014 10:24

Nedbank unveils fourth Green Building
Nedbank unveils fourth Green Building

Nedbank Lakeview in Roodepoort, west of Johannesburg, is the fourth occupied Nedbank building to achieve the 4-Star Green Star Rating from the Green Building Council of South Africa (GBCSA).

29 Aug 2014 08:20

Tolls will keep SA's roads servicable says Cesa
Tolls will keep SA's roads servicable says Cesa

Engineers have urged Gauteng motorists to pay e-tolls or face the danger of road infrastructure going the way of Eskom - deteriorating to the point that billions of rands are needed to rebuild it.

By Philani Nombembe 29 Aug 2014 09:07

Grand Parade's earnings drop 26%
Grand Parade's earnings drop 26%

Western Cape-based company Grand Parade Investments' adjusted headline earnings per share (HEPS) were down 26% from 30.46c last year to 22.50c this year, the company revealed.

29 Aug 2014 09:32

RCL Foods reports loss of 47.7c a share
RCL Foods reports loss of 47.7c a share

RCL Foods has fallen to a headline loss of 47.7c a share from profits of 4.8c a share last year mainly because of a surge in finance costs.

29 Aug 2014 10:09

July PPI drops marginally to 8%
July PPI drops marginally to 8%

Producer inflation as measured by the producer price index (PPI) for final manufactured goods fell marginally to 8% year-on-year in July, down from 8.1% in June‚ Statistics South Africa figures show.

29 Aug 2014 09:43

Rikus Visser
Are you surfing in shark infested water?

By now most of us have received an email that requires one to click on a link to update your banking details. Hopefully we are all aware that these are scams and that no South African bank will ask you to update any banking details via an email...

By Rikus Visser, Issued by Meredith Harington 29 Aug 2014 13:21

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