End of a long road as Brian Joffe quits Bidvest board

The company’s founder, who had been a non-executive director since resigning as CEO last year, has parted ways with the company he founded in 1988

Chamber of Mines fires back at Zwane over his defence of Mining Charter

The chamber says in a new affidavit that the minister has attacked the industry’s credibility but has not addressed the many shortcomings in the charter

Companies / Mining
Anglo American makes expensive bet on hydrogen fuel cell cars

In a push to squeeze more profit from platinum, Anglo is taking a contrarian view on the low-emission cars of the future

Companies
Bain and Cinven finally complete Stada takeover quest

The long battle is almost at an end, with Elliott backing the bid at the last minute — but there are still a few holdouts to appease before they buyers ...

Companies
WATCH: Live webcast of Standard Bank results

Standard Bank Group is announcing its interim results for the six months to June 2017 on Thursday at 10am.

Companies / Financial Services
Mary Mack is on mission impossible at Wells Fargo

The head of the scandal-hit bank’s branch network has a simple formula for overturning the hard-charging sales culture at the root of the bank’s ...

Companies / Financial Services
Barclays staff outraged at discovery of motion sensors under their desks

The London bank hotly denies that the tracking devices, called OccupEye, have anything to do with spying on their staff but are all about ‘assessing ...

Companies / Financial Services
It’s time to seize the Barclays Africa Group investment opportunity

SPONSORED | Tough times can have a silver lining if they allow investors to buy promising assets at bargain prices

Companies / Financial Services
SPONSORED
Ma and Bezos in a race to win the grocery store war

And Ma is winning with his online-offline Hema brand that has an app, a digital payment wallet and live seafood — but then Bezos bought Whole Foods for ...

Companies
Estée Lauder shares leap on strong profit forecast

The cosmetics house’s full-year earnings outlook beat expectations, as quarterly sales came in stronger than anticipated — led by a 16% surge at ...

Companies
Lenovo shares drop sharply as it posts first quarterly loss in two years

The PC group, overtaken by HP in the latest quarter, also warned of higher costs due to component shortages

Companies / Telecoms & Technology
Aveng’s battered stock falls further as it delays results

The construction group has postponed its full-year results as it renegotiates debt with banks, after a disappointing Australian settlement that has pummelled ...

Companies / Industrials
African Development Bank says Eskom’s success is critical for Southern Africa

The bank signs a new host-country agreement with the government, noting that ‘SA cannot develop in the dark’

Companies / Energy
Philip Morris catches flak for marketing tactics in India

The government has threatened ‘punitive action’ in response to a Reuters investigation showing some of its marketing methods could be in breach of ...

Companies
Zwane sticks to his guns on Charter to bring ‘radical economic transformation’

The mines minister says he has been told he’s on the right track — and should even have set minimum black ownership at 50% rather than 30%

Companies / Mining
Afrox’s share price jumps on strong results forecast

The company has flagged improvements across most of its business in the half-year to end-June, and improved operational efficiencies

Companies / Industrials
Disciplined trading practices lift ARB Holdings

The electrical wholesaler expects Eskom-related electrification projects next year

Companies / Industrials
Edcon returns to profit in June quarter

But overall sales fell 6.1%, mainly due to the closure of Edgars Shoe Gallery and other unprofitable stores, and the sale of its Legit chain

Companies / Retail & Consumer
Coastal tourism could create 116,000 direct jobs by 2026, says Tokozile Xasa

Tourism minister says the government wants SA to become a world-class coastal and marine tourism destination

Companies / Transport & Tourism
Anchor Capital unfazed by short-term slide

Business Day asks CEO Peter Armitage about the company’s less-than-impressive results

Companies / Financial Services

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Barclays staff outraged at discovery of motion ...
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More Eskom managers in line of fire over R1.6bn ...
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Investors Monthly is a magazine published by Times Media, Media Division included in the Financial Mail on the last Thursday of the month.