2014年11月10日 星期一

2014-11-11 South Africa Business

  Independent Online   
Lonmin climbs to six-week high  Independent Online
Johannesburg - Lonmin climbed to the highest in six weeks after saying it didn't see the need to raise funds this financial year as the world's third-largest platinum producer recovers from a five-month strike. “We see no need at this juncture, given what we ...

Lonmin shares rise on R2bn cost-cut plan with worker help preventing shaft shut   Creamer Media's Mining Weekly
Strike-hit Lonmin cuts costs, raises hurdles to return to profit   Reuters Africa
Lonmin sets investment hurdles   Moneyweb.co.za
Businessweek   
iAfrica.com   
all 47 news articles »   

  TechCentral   
Vodacom plunges on weak interims  BDlive
VODACOM'S shares fell as much as 5.8% and closed 4.2% lower at R127.50 on Monday after its interim results to the end of September showed a "severe impact" on earnings due to the reduction in mobile termination rates. The decline in termination rates ...

150 000 homes to get Vodacom fibre   TechCentral
Vodacom falls as much as 6%   Independent Online
South Africa's Vodacom lowers growth outlook, shares down   Reuters Africa
ITWeb   
Reuters UK   
all 41 news articles »   

  BDlive   
Gauteng Launches Open Tender Process  AllAfrica.com
The Gauteng Provincial Government has announced that the upgrade of Cedar Road in Fourways, Johannesburg with an estimated value of R50 million is the pilot project for the new open tender process. The pilot project was officially unveiled by Gauteng ...

Gauteng hopes Cedar Road project will 're-establish confidence' in tenders   BDlive
'Transparent tender procedures will re-establish public confidence'   Eyewitness News
The Gauteng transport department and Gauteng treasury are piloting a new ...   DestinyMan
The New Age Online   
all 8 news articles »   


City of Tshwane Reconnects Schools  AllAfrica.com
Pretoria — The City of Tshwane on Sunday reconnected all the schools whose electricity supply was cut-off last week, after the Gauteng Department of Education made a financial commitment to pay for the schools' municipal debt by end of next week. The city ...


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  Independent Online   
Canadian platinum firms unbowed by South African labour unrest  The Globe and Mail
Even as one Canadian mining company is abandoning South Africa's troubled platinum sector, two other Canadian miners are plunging ahead with ambitious plans here. Vancouver-based Eastern Platinum Ltd. announced the sale of its South African assets ...

Eastern Platinum Doubles After It Sells South African Mine   Businessweek
Eastern Platinum doubles after selling SA mine   Independent Online
Eastplats sells assets to Chinese for $225m   Mining MX

all 9 news articles »   

  BDlive   
Discovery pays £155m for remaining stake in Prudential's UK subsidiaries  CITY A.M.
SOUTH African health insurance firm Discovery has purchased PruHealth and PruProtect from parent company Prudential Assurance, the UK subsidiary of Prudential. Discovery paid £155m for the remaining 25 per cent equity stake in the joint venture, which ...

Rebrand is set to add Vitality   Herald Scotland
Prudential to sell off heath insurance venture in a deal worth around £620million   This is Money
Prudential to offload health and protection operation   Financial Times
Businessweek   
shropshirestar.com   
all 53 news articles »   


Arrowhead Properties bulks up residential exposure  Moneyweb.co.za
For now Arrowhead Properties (Arrowhead) will focus on bolstering its residential portfolio, working on unit holder support and getting its asset funding mix right before it takes on the bold move of listing a separate residential focused fund. Arrowhead has ...

Arrowhead continues on rapid growth path   BDlive
Arrowhead Properties delivers 17.9% growth in distributions   eProp.co.za

all 5 news articles »   

  Independent Online   
Union Says ArcelorMittal South Africa May Cut 200 Managers  Businessweek
ArcelorMittal South Africa Ltd. may cut 200 managerial jobs as the continent's largest steel producer tries to return to profitability, labor union Solidarity said. AMSA, as the Johannesburg-based unit of the world's biggest maker of steel is known, last week sent ...

ArcelorMittal furnace to help lift output   BDlive

all 6 news articles »   

  Independent Online   
PPC board warns of risk of destabilisation  BDlive
THE PPC board on Friday warned that should shareholders vote to replace it at a shareholder meeting on December 8, the company risked becoming destabilised, while the drastic move could also take its toll on staff morale and PPC's African growth plans.
JSE washes its hands of PPC debacle   Independent Online
SA's boards are afraid of mavericks   Rand Daily Mail

all 8 news articles »   

  Graphic Repro   
Sappi Gains After Return to Full-Year Profit on Rising Sales  Businessweek
Sappi Ltd. (SAP) climbed the most in more than six months after the world's biggest producer of dissolving wood pulp returned to profit as sales of the high-margin product increased and the company reduced debt. Net income was $135 million in the 12 ...

Sappi results pleases market   Moneyweb.co.za
Sappi sees improvement in Southern African business   CNBCAfrica.com
Sappi Limited results for year and fourth quarter 2014   Graphic Repro

all 13 news articles »   

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